Central Bank Governor: "140" billion dollars at the expense of state institutions, including banks

by **Rocky** Sat 06 Feb 2016, 1:38 pm

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Central Bank Governor: "140" billion dollars at the expense of state institutions, including banks

by Rocky Sat 06 Feb 2016, 1:38 pm

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Since 02/06/2016 20:52 pm (Baghdad time)
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Special - balances News
The Governor of the Central Bank on the Keywords, on Saturday, the presence of more than $ 140 billion at the expense of state institutions, including banks, stressing that the increase in the dollar exchange rate is not in the interest of the citizen.
Keywords and he said L / balance News / during his participation in a seminar on addressing the economic crisis, which was brought by the Iraqi Economic Council, said that "a strong dollar serves the central bank but it affects ordinary citizens through higher prices for basic materials in his life."
Keywords added that "sales of oil reached $ 20 billion, and that the compensation budget possible deficit that comes from not raising the sale price of the dollar outlets, stressing that the central bank will remain an advocate on the dollar to the fact that the Iraqi state paid between 2006 and 2009 trillion for maintaining purchasing power and thus in the case of lifting the dollar will force the state to pay again to fill the same trillions inflation.

Keywords explained when we opened the unified account for all state institutions, we found that "6.5" trillion dinars from the state-funded institutions, and 23.5 trillion dinars institutions self-funded, as well as 8 trillion dinars pertaining to retirement and 5 trillion tax guarantees, as well as "42 "trillion dinars rounded balances have not been re-calculated, and the total deposits of banks" 70 "trillion dinars.
He pointed out that "there are 34 trillion dinars exist for trading, stressing that Iraq is threatened with bankruptcy to the presence of US $ 140 billion in current assets of state institutions" .anthy 29 / P 40

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by **Neno** Sat 06 Feb 2016, 6:22 pm

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Post n°2

Re: Central Bank Governor: "140" billion dollars at the expense of state institutions, including banks

by Neno Sat 06 Feb 2016, 6:22 pm

Keywords added that "sales of oil reached $ 20 billion, and that the compensation budget possible deficit that comes from not raising the sale price of the dollar outlets, stressing that the central bank will remain an advocate on the dollar to the fact that the Iraqi state paid between 2006 and 2009 trillion for maintaining purchasing power and thus in the case of lifting the dollar will force the state to pay again to fill the same trillions inflation.

OK, the 2006 and 2009 were the moves in value. It is saying then to me here, it will move again.

Anyone else?