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Parliamentary Finance Abadi, demanding custody of four banks drains hard currency
Monday 09/14/2015 9:35
BAGHDAD / WAP / A member of the parliamentary finance committee Haitham al-Jubouri, Monday, for making recommendations to the prime minister Haider al-Abadi include a claim guardianship of four large banks have an important role in the depletion of hard currency.
Jubouri said to the news agency Baghdad International / WAP / "The size of the strategic reserve, which is supposed to Iraq provided in the World Bank is (1.3) is equivalent to 45 billion dollars," noting that "despite depreciation of the currency reserves at the Central Bank to 59 billion dollars in the safe side we are not to mention a reserve of gold for Iraq is an additional bond sovereign guarantees. "
He added that "the Commission has developed several solutions to the depletion of foreign currency at auctions Bank centers and made recommendations to the Council of Ministers, including the claim guardianship of four important banks, account for the largest part of the deal with the central bank and stop it will contribute to reduce the demand for hard currency significantly."
He explained, that "the Commission addressed the Prime Minister Haider al-Abadi officially the recommendations and we asked for a meeting to discuss those recommendations and the development of the four banks under the trusteeship."
And between, that "the Governor of the Central Bank has a certain vision of the central bank's financial management policies despite our reservations on some of those policies, but within the international contexts, we can not interfere with those of monetary policy, and our role is limited to regulatory aspects and make notes."
The al-Jubouri, "After an appeal the Federal Court's decision to the parliament within the budget determining the central bank daily sales ceiling to 75 billion dollars, those recommendations that we have made is final and became the only lifeline to save Iraq's stocks of hard currency" .
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Monday 09/14/2015 9:35
BAGHDAD / WAP / A member of the parliamentary finance committee Haitham al-Jubouri, Monday, for making recommendations to the prime minister Haider al-Abadi include a claim guardianship of four large banks have an important role in the depletion of hard currency.
Jubouri said to the news agency Baghdad International / WAP / "The size of the strategic reserve, which is supposed to Iraq provided in the World Bank is (1.3) is equivalent to 45 billion dollars," noting that "despite depreciation of the currency reserves at the Central Bank to 59 billion dollars in the safe side we are not to mention a reserve of gold for Iraq is an additional bond sovereign guarantees. "
He added that "the Commission has developed several solutions to the depletion of foreign currency at auctions Bank centers and made recommendations to the Council of Ministers, including the claim guardianship of four important banks, account for the largest part of the deal with the central bank and stop it will contribute to reduce the demand for hard currency significantly."
He explained, that "the Commission addressed the Prime Minister Haider al-Abadi officially the recommendations and we asked for a meeting to discuss those recommendations and the development of the four banks under the trusteeship."
And between, that "the Governor of the Central Bank has a certain vision of the central bank's financial management policies despite our reservations on some of those policies, but within the international contexts, we can not interfere with those of monetary policy, and our role is limited to regulatory aspects and make notes."
The al-Jubouri, "After an appeal the Federal Court's decision to the parliament within the budget determining the central bank daily sales ceiling to 75 billion dollars, those recommendations that we have made is final and became the only lifeline to save Iraq's stocks of hard currency" .
[You must be registered and logged in to see this link.]
