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MP Abdul-Salam al-Maliki: Central bank reserves of foreign exchange $ 47 billion covers only 8 months
Wrote: November 15, 2016
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Wrote: November 15, 2016
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The member of the economic and investment commission in Parliament MP Abdul Salam al-Maliki to stop the auction of the currency has become a danger of being incomparable gravity of terrorist organizations.
The MP-Maliki for the central bank reserves of foreign currency amounting to seven and forty billion dollars, enough to cover the country's needs for only eight months, warning that the danger start enters the courtyard of the Iraqi economy, particularly as it is no secret about everyone that Iraq is a country finances all its needs from the funds of the sale of oil and so by selling the currency at the Central Bank of Iraq, and this in itself of the most dangerous things on the economy with the present.
He added that the Central Bank of Iraq sells on a daily basis at the rate of two hundred million dollars means that every month six billion dollars and said that all countries in the world are classified as credit through cash reserves and if the reserve amounted to that country the equivalent of less than six months of expenses are regarded as the same credit too CNN State consequent lack of recognition of the global bank remittances Iraqi banks and be a discouraging factor to bring Alastosmaruakd Maliki on the need for parking and everyone in general this wasteful and extravagant.
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