Finance Committee rejects the government’s attempts to use the cash reserve
Finance Committee rejects the government’s attempts to use the cash reserve
01/02/2016
BAGHDAD / JD / .. the parliamentary finance committee revealed, for the federal government to try to use the cash Balaanaat of hard currency the central bank to face the current financial crisis, stressing rejection of all attempts that would affect the amount of the reserve.
A member of the committee MP Ahmed Sarhan told / JD /: that there are serious attempts by the federal government with the help of cash Balaanaat to face the economic situation that the country is currently going through.
He added that his committee rejects all attempts that would lead to a decrease in the size of monetary reserves because it will affect the local currency exchange rate, noting that the Finance Committee met with the Governor of the Central Bank on the Keywords confirmed last to maintain the reserve, whatever the size of the pressure it receives.
Iraq has suffered from a major financial crisis due to lower world oil prices.
And world oil prices recorded a significant decline over the past days where Brent crude reached $ 27 a barrel.
And oil revenues make up 93% of federal budget revenues from Iraq. / End / 8 /
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