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| Iraq's public budget lacks support for local industries |
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governor of the Central Bank Ali Alalak, on Monday, that the public balances of Iraq are free of support for Iraqi industries.
Al-Alak said during his attendance at the parliament session today, that "the public attributes of Iraq are free of support for Iraqi industries."
He added that "the central bank weighed between the financial options," noting that "despite pressure and impossible targets, but the central bank maintained the exchange rate."
And on the "damage" 12 billion dinars in Rafidain Bank, said Alalak that it happened "before receiving (the post of governor of the Central Bank)," noting that the funds "draws because of damage suffered by Rafidain Bank."
"The Central Bank received the damaged papers and compensated and imposed a fine on the bank, and the management of the bank said it (an accident of 12 billion dinars) in the district and asked for a reduction of the fine, and was reduced because it is a government bank.
It is noteworthy that the House of Representatives held, earlier in the day, Monday, its 13 chaired by Mohammed Halbusi, and includes the meeting hosting the Governor of the Central Bank on the differences to discuss the status of his name and the signature of the currency, and the sale of currency and the reduction of reserves, and 12 billion Iraqis, Central Bank of Iraq.
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