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Finance Minister confirms commitment to Baghdad and Erbil agreement signed between them
Thursday February 26, 2015 12:59
Alsumaria News / Baghdad
announced Finance Minister Hoshyar Zebari , on Thursday, that Baghdad and Arbil are committed to the agreement signed between them, confirming the existence of a problem in cash and reserves the bank fell to $ 68 billion.
Zebari said at a press conference held at the Ministry Building and attended "Alsumaria News", " 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 Aimknhma to commit to the quantities prescribed exporter of crude oil per day, which was agreed upon in the budget law."
said Zebari said that "there is a problem suffered by Iraq on monetary liquidity, since he does not have enough money, "
he said, adding that" Iraq not exposed to the collapse in economic terms yet, and therefore, it will be done by reducing expenditure and taxation services to resolve this problem. "
He added 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 " Central Bank reserves fell currently to $ 68 billion, after rising during the previous period for more than that. "
He pointed Zebari that "the Bank seeks to prevent the falling price of the Iraqi dinar against the US dollar."
The Central Bank of Iraq in October 2013 about the arrival of size its reserves of hard currency to 76 billion and $ 500 million, noting that it represents the highest rate up to the bank of the currency in the history of Iraq.
The Minister of Finance announced in the December 29, 2014 that he was directed to the Ministry of Electricity and the Secretariat of Baghdad and other other institutions in order to revenue collection from the wages of water, electricity, sanitation and hygiene, especially with the decline in the current year's budget with the continuing decline in world oil prices.
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Thursday February 26, 2015 12:59
Alsumaria News / Baghdad
announced Finance Minister Hoshyar Zebari , on Thursday, that Baghdad and Arbil are committed to the agreement signed between them, confirming the existence of a problem in cash and reserves the bank fell to $ 68 billion.
Zebari said at a press conference held at the Ministry Building and attended "Alsumaria News", " 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 Aimknhma to commit to the quantities prescribed exporter of crude oil per day, which was agreed upon in the budget law."
said Zebari said that "there is a problem suffered by Iraq on monetary liquidity, since he does not have enough money, "
he said, adding that" Iraq not exposed to the collapse in economic terms yet, and therefore, it will be done by reducing expenditure and taxation services to resolve this problem. "
He added 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 " Central Bank reserves fell currently to $ 68 billion, after rising during the previous period for more than that. "
He pointed Zebari that "the Bank seeks to prevent the falling price of the Iraqi dinar against the US dollar."
The Central Bank of Iraq in October 2013 about the arrival of size its reserves of hard currency to 76 billion and $ 500 million, noting that it represents the highest rate up to the bank of the currency in the history of Iraq.
The Minister of Finance announced in the December 29, 2014 that he was directed to the Ministry of Electricity and the Secretariat of Baghdad and other other institutions in order to revenue collection from the wages of water, electricity, sanitation and hygiene, especially with the decline in the current year's budget with the continuing decline in world oil prices.
[You must be registered and logged in to see this link.]
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