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Font Size:26/03/2013 (00:01 pm) - The number of readings: 59 - Issue (2758)
Baghdad deposited four billion dollars of its own funds in Cairo
Baghdad / follow-term Presse Egypt announced yesterday, sent an economic delegation to Iraq includes the Minister of Planning and the Governor of the Central Bank and economists to agree on the details of the deposit of the Iraqi foreign currency in the Central Bank of Egypt in order to support the Egyptian economic semi-collapsed because of the protests and unrest continued in the country for more than two years. said Al-Wafd newspaper that the Egyptian "Minister of Planning and International Cooperation Egyptian Ashraf Arab left Cairo International Airport yesterday on his way to Baghdad at the head of the delegation in a visit to Iraq for several days looking through details to give Egypt a deposit of $ 4 billion added to reserves in foreign exchange. " The newspaper added that "the Minister of Planning Egyptian left aboard Egypt Air plane heading to Baghdad, accompanied by a number of officials, including Jamal star Deputy Governor Central Bank of Egypt and a number of banking experts." She drew the paper that "it is scheduled to meet Egyptian delegation with Iraqi Planning Minister Ali Shukri and Iraqi Central Bank Governor and Legal Counsel for the Iraqi prime minister and a number of officials to discuss granting Iraq Egypt and deposit estimated at $ 4 billion placed in the central bank to support the Egyptian economy. " and was the International Monetary Fund announced in a report issued in 21/03/2013 Following the end of consultations in Amman between a delegation of the Fund and the Iraqi delegation headed by VMware Planning Ali Shukri that, according to a survey field conducted by the central bank reserves of $ 70 billion, as between that funds preventive Development Fund for Iraq rose to $ 18 billion by the end of 2012, He pointed out that this increase came from the "oil revenues unexpected," in calling the Iraqi government to end the control of banks owned by the State on the banking sector, stressed the need for the Iraq strengthening public financial institutions to ensure efficiency and transparency in the use of oil revenues. was and Development Agency U.S. predicted in (3 December 2012) that leads the Iraqi economy Arab countries within five years, stressing that Iraq possessed all the qualifications to be a strong country economically. Iraq is trying for years to attract foreign capital to develop its economy in the fields of industry especially those related to oil and housing and oil extraction and gas, and to its need of funds for infrastructure development and reconstruction, but observers contend that the lack of attention of the State to the private sector and the absence of investment laws which guarantees for investors and the absence of other laws are still obstacles to the development of the economy as required. depends Iraq, which has the fourth largest oil reserves in the world to 95 percent of its annual budget on its oil exports and currently produces about two million and 900 thousand barrels per day, while issued up to two million and 200 thousand barrels per day.
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