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Parliamentary Finance warns of prejudice to the central reserve
1/25/2015
Government in the House of Representatives Finance Committee warned of compromising the reserve currency of the central bank in order to avoid the economic crisis experienced by Iraq as a result of lower oil price.
A member of the committee MP Faleh applicable to Radio Free Iraq that "the Iraqi government to look for other alternatives away from sovereign reserve of the country," he was quoted as saying, "The CBI independent institution, not subject to the government, compromising his money will return Iraq to the pre-Fen and three phase, and manipulate the value of the Iraqi currency system. "
For its part, the Iraqi government and its spokesman Sabri Saad ruled out the possibility of resorting to the Iraqi Central Bank reserves. "The government did not put the idea of borrowing from the central bank reserves in their accounts at this stage, but may resort to the Rafidain and Rasheed only," but he also said, "The government is counting on the high price of oil during the second half of this year to overcome the financial."
The economic expert Majid picture has stressed that "it is possible the central bank to contribute with the government to overcome the current financial crisis by participating in the economic development process."
The central bank's foreign currency reserves estimated at more than seventy billion dollars.
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1/25/2015
Government in the House of Representatives Finance Committee warned of compromising the reserve currency of the central bank in order to avoid the economic crisis experienced by Iraq as a result of lower oil price.
A member of the committee MP Faleh applicable to Radio Free Iraq that "the Iraqi government to look for other alternatives away from sovereign reserve of the country," he was quoted as saying, "The CBI independent institution, not subject to the government, compromising his money will return Iraq to the pre-Fen and three phase, and manipulate the value of the Iraqi currency system. "
For its part, the Iraqi government and its spokesman Sabri Saad ruled out the possibility of resorting to the Iraqi Central Bank reserves. "The government did not put the idea of borrowing from the central bank reserves in their accounts at this stage, but may resort to the Rafidain and Rasheed only," but he also said, "The government is counting on the high price of oil during the second half of this year to overcome the financial."
The economic expert Majid picture has stressed that "it is possible the central bank to contribute with the government to overcome the current financial crisis by participating in the economic development process."
The central bank's foreign currency reserves estimated at more than seventy billion dollars.
[You must be registered and logged in to see this link.]
