David Zayer attacks the "central" policy and described the maid of corrupt

David Zayer attacks the "central" policy and described the maid of corrupt

2016 Friday, 25 March / March

Voice Emirates - David Zayer attacking "the central policy" and described the maid of corrupt

Economist David Zayer

BAGHDAD - Najla al-Taie

Description economist David Zayer, the policy of the central bank as "they serve a corrupt , " explaining that " the way of what goes into the oil imports to the Treasury goes to currency the central bank , which sells rather than an auction , " stressing that " the continuation of this non - trump politics is a service of corrupt . "

he said in a statement to" the voice of the Emirates: "the" what goes into the oil imports go to auction currency the central bank , which sells more of them and continue this non - trump politics is a service of the corrupt. "

he pointed Zayer that" the parliamentary finance committee had asked the governor Bank in the earlier meeting several questions, including that which buys dollar traders are supposed to come to Iraq products Summit reported that he bought from the auction currency, what are the guarantees for that, and that the merchant may sell the dollar to others or perhaps imported goods worth less than the amount that was bought from auction. "

He suggested Zayer said the bank offers a vision of how to control this issue because some traders are bringing false invoices about the introduction lost to Iraq, .mattabra that" low central bank sales, confirms that its reserve is unable to secure the required in the market , "pointing to " The wrong policy pursued by the central bank will push Iraq into bankruptcy."

He pointed out that "there is looting systematic bankruptcy Iraq from its reserve of hard currency , " stressing that " the central bank assumes this responsibility."

He pointed to "the presence capable of providing hard currency laws market through the export of Iraqi products of cement and Alburk and soil electrical appliances and local products in exchange for hard currency savings in the market of Iraq. "

he stressed that" the central bank reserve ratio less than 40% and it handles Bmtatih through his remarks about the rise and fall of reserves. "

among the economic expert, " the government of the operating budget almost disappeared except for salaries and wages , and some of the necessary expenses and this was a form demand for the currency of any spending market in the dinar turn the request of foreign currency and caused economic activity is low and this is gradually reflected in the central bank sales to the lack of sufficient purchasing power or it is limited this is one of the main factors behind the decline in sales of the bank. " it is

noteworthy that in the recently observed that the Iraqi Central Bank auction sales recorded a decline was the lowest it months ago where he did not exceed the number of the 100 million days barrier compared to last months and even after the financial crisis that began down oil prices in July 2014 and were ranging between 225 to 300 million dollars and sometimes more.

the statistics of the Central Bank reported that the sale of the bank $ 2.5 billion during the month of February the second low of more than $ 800 million from January last , who sold the bank more than $ 3.3 billion .

suspicions of corruption , fraud and money laundering and raised across the central bank auction as announced, specializing in national integrity and economic crime and money laundering a misdemeanor court, on 20 August issued sentences of imprisonment and a fine against officials in the Rafidain and the north after being convicted on charges of corruption and money laundering, a banner at a time prior to the existence of 20 defendants in these cases , some degree of chairman. "