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Economists warn of political blundering of the Central Bank
02/03/2013 12:00 am
BAGHDAD / future Iraqi
warned against Iraqi economists of political «unwise» followed by the central bank about the private banks, they said that the adoption of dollar policy free that presents in the Iraqi street had a negative impact on gold stocks strategic. Economists said, in a press statement, the central bank pursuing political is correct in dealing with private banks, stressing that it will inflict damage on the Iraqi economy. carrying Iraqi government bosses, former central bank responsibility and a significant increase in the demand for dollar sales, as only auction sales central end of 2010 of $ 200 million per day , then jumped in 2011 to a record of 500 million dollars a day, confirming for laundering and smuggling money abroad. and Oharo to the political adopted by the central through the adoption of dollar policy free that presents in the Iraqi street had a negative impact on gold stocks strategic, explaining that Central Bank adopted three banks with capital is not an Iraqi, revealing that it was better to bank bring in funds for Iraq and not directed money to other countries, stressing that this leads to significant damage to the banking sector in Iraq. was the International Monetary Fund said that Iraq cut reserves of gold by a quarter up to 29.9 tons in November 2012, pointing out that the reserves in September and October of last year reached 39.4 tons.
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