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A member of parliamentary finance describes the measures to stop the bleeding of the currency as "sl

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rocky
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A member of parliamentary finance describes the measures to stop the bleeding of the currency as "sl

Post by rocky on Sat Nov 11, 2017 6:08 am

A member of parliamentary finance describes the measures to stop the bleeding of the currency as "slow" and warns of disaster




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Alsumaria News / Baghdad
Member of the Finance Committee Representative Hossam al-Aqabi, Saturday, the measures to stop the bleeding of hard currency "slow" and without the risk, warning of a major disaster. 

Al-Aqabi said in an interview with Alsumaria News that "the Parliamentary Finance Committee and since the beginning of the parliamentary session confirmed the seriousness of the error in which the Central Bank adopted the auction sale of currency instruments currently exist," noting that "there are many claims by us through interviews with officials of the Central Bank And official books on the need to modify these mechanisms to stop the case of depletion of hard currency.




Al-Aqabi added that "the remedial measures to stop the bleeding of the hard currency is still slow and without the size of the risks and warns of a major disaster in the event of continuing after the decline of the Iraqi reserves of hard currency to a level not exceeding 50 billion dollars," pointing out that "the management of the National Bank in a hidden and undeclared by Influential political figures make them above the law. " 

He stressed that "there are materials included in the draft law on private banks will work on the development of binding controls on the work of banks and their dominance on the currency auction and the effects of how the private banks deal with public sector institutions." 

The member of the Finance Committee parliamentary Magda Tamimi confirmed, earlier, the continued bleeding of hard currency in the auction of foreign currency, describing the auction as "bid'ah."




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