“Governor of the Central Iraqi”: Iraq’s domestic debt exceeded 40 trillion dinars
“Governor of the Central Iraqi”: Iraq’s domestic debt exceeded 40 trillion dinars
2017-11-25
The governor of the Central Bank of Iraq that the total domestic debt of Iraq amounted to more than 40 trillion dinars (33.62 billion US dollars), according to (Iraqi News Agency).
Ali Al-Alaq said on Saturday that the debts are not directly from the Iraqi Central Bank; but the treasury transfers purchased by the government banks are deducted, and then the Central Bank buys them.
He added that the Central Bank – under the law – can not buy directly or to lend to the government; but is buying Treasury transfers traded in the market; saving and support for liquidity.
He noted the governor of the Central Bank of Iraq, that the remittances have benefits and benefits, which is committed by the Iraqi Ministry of Finance to pay at the present time.
It is noteworthy that the Iraqi government in order to fight to terrorize gangs advocating the organization, borrowed $ 32 billion from the Central Bank of Iraq, to cover the military needs in the war.
The Iraqi government depends on the rise in international oil prices to pay the debt of the Central Bank of Iraq, as well as the non-oil revenues covered by the country’s budget for 2018.
burathanews.com
