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Iraq loses $ 203 billion a few years
- Arbil, said a report issued by the International Center for Development Studies in London, said: "Development Fund for Iraq, which was established in 2003 to deposit the sales of Iraqi petroleum products based on resolution 1483 and reached its assets to $ 165 billion in 2009," he said, "but that this revenue was prone to corruption where the disappeared $ 17 billion of them in 2003, while announced the disappearance of $ 40 billion again in 2010 ".
The statement added: "In the year 2013 amounted to Iraq Development Fund balances of $ 7 billion, while the Iraqi government has failed to justify the disappearance of 11 billion of those funds, "Remarkably, that" mismanagement and cases of financial and administrative corruption has made these large balances shrink to reach in 2012 to $ 18 billion only. " As "The Development Fund for Iraq, today without assets as reserves of the Central Bank of Iraq who arrived in 2013 to $ 76.3 billion, is the other has dropped to nearly $ 68 billion last year in 2014 and it seems this is surprising, especially given that the Central Bank of Iraq insists on not compromising with the money to maintain the value of the Iraqi dinar stable private and steady against the dollar and this is Iraq has lost most of his money from the $ 203 billion within a few years, while the budgets of Iraq since the year 2003 to the year 2015 more than a trillion dollars. "
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- Arbil, said a report issued by the International Center for Development Studies in London, said: "Development Fund for Iraq, which was established in 2003 to deposit the sales of Iraqi petroleum products based on resolution 1483 and reached its assets to $ 165 billion in 2009," he said, "but that this revenue was prone to corruption where the disappeared $ 17 billion of them in 2003, while announced the disappearance of $ 40 billion again in 2010 ".
The statement added: "In the year 2013 amounted to Iraq Development Fund balances of $ 7 billion, while the Iraqi government has failed to justify the disappearance of 11 billion of those funds, "Remarkably, that" mismanagement and cases of financial and administrative corruption has made these large balances shrink to reach in 2012 to $ 18 billion only. " As "The Development Fund for Iraq, today without assets as reserves of the Central Bank of Iraq who arrived in 2013 to $ 76.3 billion, is the other has dropped to nearly $ 68 billion last year in 2014 and it seems this is surprising, especially given that the Central Bank of Iraq insists on not compromising with the money to maintain the value of the Iraqi dinar stable private and steady against the dollar and this is Iraq has lost most of his money from the $ 203 billion within a few years, while the budgets of Iraq since the year 2003 to the year 2015 more than a trillion dollars. "
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