Ebadi, an adviser to: the central bank is not bankrupt and reserves of $ 60 billion
Ebadi, an adviser to: the central bank is not bankrupt and reserves of $ 60 billion
3/22/2016 9:43
[Special Oan-]
Economic Adviser to the Prime Minister Haider al – Abadi denied that the CBI is facing a state of bankruptcy.
He said the appearance of Mohammed Saleh told all of Iraq [where] ” the central bank a strong financial institution and is not bankrupt and has reserves of monetary policies and has the vision and limits and plans drawn are working on.”
He added that “precautions of the dollar around $ 60 billion or so, not the rumors that it limits forty billion because the bank selling the dollar and buying that one he buys from foreign currency government [dollar] an act of the Iraqi dinar against this purchase , so the bank has a balance point in buying and selling. ”
he attributed the benefit of declining central bank sales of the dollar in recent times to” weak demand for the dollar because of the reduction and the reduction in government spending. ”
among the economic expert, said that” the government operating budget almost vanished except for salaries and wages , and some of the necessary expenses and this was a form demand for the currency of any spending market in the dinar turn the request of foreign currency and caused economic activity is low and this is reflected gradually the central bank sales to the lack of sufficient purchasing power or it is limited and this one of the main factors behind the decline in sales of the bank. ”
He pointed adviser Abadi said , ” to talk about the central bank ‘s policy that it leads to bankruptcy are not only rumors meant to the rhythm of the Iraqi economy. ” it is
noteworthy it recently noted that the Central Bank of Iraq auction sales recorded a decline was the lowest it months ago where he did not exceed the number of the 100 million days barrier compared to previous – month period and even after the financial crisis that began with a decline in oil prices in July 2014 were ranging from 225 to $ 300 million and sometimes more.
The statistics of the Central Bank reported that the sale of the bank $ 2.5 billion during the month of February the second low of more than $ 800 million from January last , who sold the bank more than $ 3.3 billion. ,
and labeled a member of the parliamentary finance committee Magda Tamimi, Politics Central in the auction to sell the currency as “serving the corrupt.” According to the plan. He
also criticized the economic expert David Zayer, the bank ‘s policy , saying it “Iraq will pay toward bankruptcy and its reserve is unable to secure the required in the market , ” adding that “there is looting the process of systematic bankruptcy Iraq from its reserve of hard currency and the central bank assumes this responsibility . ”
suspicions of corruption , fraud and money laundering and raised across the central bank auction as announced, specializing in national integrity and economic crime and money laundering a misdemeanor court, on 20 August issued sentences of imprisonment and a fine against officials in the Rafidain and the north after being convicted on charges of corruption and money laundering, a banner in the earlier , the presence of 20 defendants in these cases , some degree of chairman. ”
alliraqnews.com
