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Economist: There is no fear on the reserve balance at the Central Bank
2015/8/4 10:10
The economist said on behalf of Antoine, "There is no fear of the low reserve balance of the central bank.
According to Antoine, told all of Iraq [where], "low central bank reserves does not affect the country's economy, as the balance is to support the Iraqi dinar, which retains its value and powered by the Central Bank reserves in gold and the dollar rare coin, there is no fear of low reserves, as that is supposed to use the amount in the time of need for the purpose of advancing the process of development and the elimination of unemployment, poverty and provide infrastructure services. "
He added, "When you drop the central bank balance, that did not go down the drain in the absurdity of occupancy, as when the bank entered in the field of finance some government projects, and loans for some banks to contribute to the development process there is no fear him. When criticism comes out the other hand there are services and projects."
Antoine said "I do not fear the Iraqi reserve because there are large oil reserves and growing invader with the passage of time and its value increases with the rise in oil prices."
The parliamentary Finance Committee announced last Sunday, for the low bank balance of about $ 10 billion.
Said committee member Ahmed al-Hajj, for [where], that "our observations that Iraq will get $ 150 million a day, due to the sale of oil, but the auction currency doubling of this amount is increased where there are more than a half or double that amount raised in the auction." ,
adding that "this is a danger to the Iraqi economy, as it has to be kept in hard currency."
Haj He pointed out that "the central bank balance dropped from 2014 - 2015 of about $ 10 billion," pointing out that "This is a very serious matter."
The Federal Supreme Court, announced on the sixth of July, the unconstitutionality of several articles in the 2015 budget law, including Article [50], the judge to "compel the Central Bank identifies sales of hard currency [the dollar] in its daily auction ceiling does not exceed 75 million dollars a day. "
With the exception of Governor of the Central Bank and the Agency on the Keywords, the court's decision as "came in accordance with the Constitution and the law of the central bank, which is a great importance because of its impact in promoting and supporting the independence of the Bank and remove him from influencing the policies and decisions" .
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2015/8/4 10:10
The economist said on behalf of Antoine, "There is no fear of the low reserve balance of the central bank.
According to Antoine, told all of Iraq [where], "low central bank reserves does not affect the country's economy, as the balance is to support the Iraqi dinar, which retains its value and powered by the Central Bank reserves in gold and the dollar rare coin, there is no fear of low reserves, as that is supposed to use the amount in the time of need for the purpose of advancing the process of development and the elimination of unemployment, poverty and provide infrastructure services. "
He added, "When you drop the central bank balance, that did not go down the drain in the absurdity of occupancy, as when the bank entered in the field of finance some government projects, and loans for some banks to contribute to the development process there is no fear him. When criticism comes out the other hand there are services and projects."
Antoine said "I do not fear the Iraqi reserve because there are large oil reserves and growing invader with the passage of time and its value increases with the rise in oil prices."
The parliamentary Finance Committee announced last Sunday, for the low bank balance of about $ 10 billion.
Said committee member Ahmed al-Hajj, for [where], that "our observations that Iraq will get $ 150 million a day, due to the sale of oil, but the auction currency doubling of this amount is increased where there are more than a half or double that amount raised in the auction." ,
adding that "this is a danger to the Iraqi economy, as it has to be kept in hard currency."
Haj He pointed out that "the central bank balance dropped from 2014 - 2015 of about $ 10 billion," pointing out that "This is a very serious matter."
The Federal Supreme Court, announced on the sixth of July, the unconstitutionality of several articles in the 2015 budget law, including Article [50], the judge to "compel the Central Bank identifies sales of hard currency [the dollar] in its daily auction ceiling does not exceed 75 million dollars a day. "
With the exception of Governor of the Central Bank and the Agency on the Keywords, the court's decision as "came in accordance with the Constitution and the law of the central bank, which is a great importance because of its impact in promoting and supporting the independence of the Bank and remove him from influencing the policies and decisions" .
[You must be registered and logged in to see this link.]
