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Parliamentary Finance: Monetary reserve in the central bank fell to a dangerous level

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rocky
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Parliamentary Finance: Monetary reserve in the central bank fell to a dangerous level

Post by rocky on Wed 13 Sep 2017, 3:16 am

[size=30]Parliamentary Finance: Monetary reserve in the central bank fell to a dangerous level[/size]
13/09/2017 09:34 | Number of readings:
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[rtl]The parliamentary Finance Committee warned on Wednesday of the repercussions of the continued sale of the dollar in the currency market from the cash reserve at the Central Bank, indicating that these policies caused the entry of foreign currency.[/rtl]
 
[rtl] Committee member Ahmed Hama said in a press statement that "the estimates indicate the existence of 45 billion dollars deposited in the Central Bank of Iraq as a cash reserve after it reached in 2014 to 77 billion dollars and this is a very serious indicator."[/rtl]
 
[rtl] He added that "the decrease of the cash reserve so quickly indicates a lack of management of funds deposited in the Central Bank of Iraq."[/rtl]
 
[rtl]"The most important reason for the loss of such funds so quickly is speculation in the currency market at the auction of the dollar," explained Hamma, calling on the government to "reconsider the sale of the dollar and find a way to compensate for the shortage of cash."[/rtl]

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