Central auction and the withdrawal of the government to cover behind the decline in the cash reserve expenses
Parliamentary Economy: Central auction and the withdrawal of the government to cover behind the decline in the cash reserve expenses
BAGHDAD / JD / .. blamed for economic and investment commission in Parliament, the government and the central bank responsible for declining cash reserves of hard currency to $ 50 billion.
A member of the committee MP Harith Al-Harthy told / KD / hired by the government Balaanaat cash foreign currency and withdrew some money to cover some expenses, due to poor liquidity and the need for Iraq to buy weapons and more.
He added that the issue of central bank auction is still a difficult and thorny because the benefit of the very few banking companies, there are importers semi-legitimate frameworks, particularly in the federations of chambers of commerce trying to acquire a bigger stake in the auction, plus there are manipulated currencies and this is a major cause, all this has led to decline monetary reserves to $ 50 billion, calling on the central bank governor to explain why such a large decline. ”
The central bank announced earlier decline Central Bank reserves to $ 50 billion while he was a reservist two years ago about 76 billion Dolar.anthy / 8 /