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Zebari announce commitment to Baghdad and Erbil agreement signed between them and acknowledges the cash problem
26/02/2015 14:07
Awan / Baghdad
Finance Minister Hoshyar Zebari, on Thursday, said that Baghdad and Arbil are committed to the agreement signed between them, confirming the existence of a problem in the cash and bank reserves fell to $ 68 billion.
Zebari said in a press conference held at the Ministry Building and attended by "time", that "the governments in Baghdad and Erbil are committed to the agreement signed between them in spite of all the existing dilemmas", adding that "what they are talking about is the word cancel untrue."
Zebari said that "both parties to commit to Aimknhma the prescribed quantities of exported crude oil per day, which was agreed upon in the budget law."
He Zebari said that "there is a problem suffered by Iraq on the cash, since he does not have enough money," he said, adding that "Iraq is not exposed to the collapse in economic terms yet, and therefore, it will be done by reducing spending and taxation services to resolve this problem."
He Zebari said that "the financial crisis that has plagued Iraq comes as a result of lower oil prices and the purchase of weapons and military equipment to counter terrorism Daash," explaining that "the central bank reserves dropped now to reach $ 68 billion, after rising during the previous period for more than that."
Zebari pointed out that "the Bank seeks to prevent the falling price of the Iraqi dinar against the US dollar."
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26/02/2015 14:07
Awan / Baghdad
Finance Minister Hoshyar Zebari, on Thursday, said that Baghdad and Arbil are committed to the agreement signed between them, confirming the existence of a problem in the cash and bank reserves fell to $ 68 billion.
Zebari said in a press conference held at the Ministry Building and attended by "time", that "the governments in Baghdad and Erbil are committed to the agreement signed between them in spite of all the existing dilemmas", adding that "what they are talking about is the word cancel untrue."
Zebari said that "both parties to commit to Aimknhma the prescribed quantities of exported crude oil per day, which was agreed upon in the budget law."
He Zebari said that "there is a problem suffered by Iraq on the cash, since he does not have enough money," he said, adding that "Iraq is not exposed to the collapse in economic terms yet, and therefore, it will be done by reducing spending and taxation services to resolve this problem."
He Zebari said that "the financial crisis that has plagued Iraq comes as a result of lower oil prices and the purchase of weapons and military equipment to counter terrorism Daash," explaining that "the central bank reserves dropped now to reach $ 68 billion, after rising during the previous period for more than that."
Zebari pointed out that "the Bank seeks to prevent the falling price of the Iraqi dinar against the US dollar."
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