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Economist warns of clouds or government borrowing from the central bank reserves
Wednesday - 03/09/2016
Specialist warned in the economic affairs of the prejudice reserves , the Iraqi Central Bank 's foreign currency , stressing that it is a violation of the law and economic imbalance great. The lion Mohammed Ali said currently the central reserve is the Iraqi currency lid and the source of their value and untouchable destabilize the Iraqi economy. " He added that" the law are not allowed even to borrow from the reserve and put his sanctity and protect qualify him to stay within levels or is development and not vice versa, considering invoking the financial crisis is not a way to breach the laws and can parliament or citizens to sue the government if they violated the law , being entrusted with the law and the wealth of Iraq. " he said " the serious decline in the reserve figures must immobilize observers and makes them investigating the reasons for this decline." a member of the parliamentary finance committee Magda Tamimi, it confirmed that no government has the right to withdraw the foreign reserves of the central bank, noting that there are many collect money not withdrawn Since years.
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