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Parliamentary economy attributes the decrease to the criticism of the central bank lending to the government for $ 9 billion
6/19/2015
BAGHDAD
Attributed to the economic and investment commission in Parliament, on Thursday, the cause of diminishing cash reserves of hard currency to $ 65 billion to lend to the government for $ 9 billion, to support the productive sectors and local banks.
Said committee member Rep. Najiba Najib's "Sky Press," that "the reason for decreasing the size of the cash reserves of hard currency the central bank to $ 65 billion due to lending to the government for $ 9 billion to support economic sectors, local banks", noting that "this lending came because of the financial crisis in the country due to low oil prices. "
She added, "it was lending to local banks for $ 5 billion to implement industrial and agricultural projects, real estate and the benefits of certain profitability."
And excluded a member of the economic and investment commission parliamentary "some political parties enter the work's central bank and withdrawing its monetary reserves of hard currency."
The central bank announced earlier this year that cash reserves of hard currency reached $ 65 billion.
The central bank had announced last year that cash reserves of hard currency with a $ 76 billion likely increase to more than $ 80 billion
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6/19/2015
BAGHDAD
Attributed to the economic and investment commission in Parliament, on Thursday, the cause of diminishing cash reserves of hard currency to $ 65 billion to lend to the government for $ 9 billion, to support the productive sectors and local banks.
Said committee member Rep. Najiba Najib's "Sky Press," that "the reason for decreasing the size of the cash reserves of hard currency the central bank to $ 65 billion due to lending to the government for $ 9 billion to support economic sectors, local banks", noting that "this lending came because of the financial crisis in the country due to low oil prices. "
She added, "it was lending to local banks for $ 5 billion to implement industrial and agricultural projects, real estate and the benefits of certain profitability."
And excluded a member of the economic and investment commission parliamentary "some political parties enter the work's central bank and withdrawing its monetary reserves of hard currency."
The central bank announced earlier this year that cash reserves of hard currency reached $ 65 billion.
The central bank had announced last year that cash reserves of hard currency with a $ 76 billion likely increase to more than $ 80 billion
[You must be registered and logged in to see this link.]
