Economist criticizes the central bank and warns of imminent collapse of the currency
Economist criticizes the central bank and warns of imminent collapse of the currency
9-1-2017
Economist Hussein al-Henin criticized on Friday the central bank to raise the data of Iraq’s reserve of the dollar on its website, warning of the collapse of the currency soon.
Al-Henin said that “the recent Iraqi Central Bank action to raise the data of Iraq’s reserve of the dollar on the bank’s website is evidence of the lack of transparency among its employees with public opinion.”
He added that “the reserve of hard currency is the cash cover of the Iraqi currency, and must be at a level equivalent to the Iraqi monetary bloc or higher.”
“This measure also indicates that the reserve has reached very dangerous levels, which means it could lead to the collapse of the currency and economy in Iraq soon,” he said.
waradana.net
