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Economic center: invest part of the reserves of the Central Bank in local projects is a major economic risk
02-05-2013 | (Voice of Iraq) - Add a comment -
Baghdad (news)
Head
of the Media Center warned economic Dergham Mohammed Ali, invest part
of the central bank reserves of hard currency in local projects within
the country, because it is a major risk to the economic situation in the
country.
Muhammad Ali said (of the Agency news): The foreign
reserves of the Central Bank currency is an asset for an emergency on
the one hand and also cover the local currency of the other hand and the
lid is an international reliability and this is what makes the
preservation and development necessary.
He stressed: not to use
it only when absolutely necessary, ie to lend to the government at the
time of salt fiscal deficit in the state budget finances.
He
added: parts of it, can be invested in investment portfolios are almost
guaranteed European central banks, either incorporated in the local
projects it is a major economic risk that this process is not the
prerogative of the Central Bank of Iraq.
He pointed out: that the
return on investment at European banks are for the development of the
reserves and not to spend within the local budgets, except in cases
necessary.
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02-05-2013 | (Voice of Iraq) - Add a comment -
Baghdad (news)
Head
of the Media Center warned economic Dergham Mohammed Ali, invest part
of the central bank reserves of hard currency in local projects within
the country, because it is a major risk to the economic situation in the
country.
Muhammad Ali said (of the Agency news): The foreign
reserves of the Central Bank currency is an asset for an emergency on
the one hand and also cover the local currency of the other hand and the
lid is an international reliability and this is what makes the
preservation and development necessary.
He stressed: not to use
it only when absolutely necessary, ie to lend to the government at the
time of salt fiscal deficit in the state budget finances.
He
added: parts of it, can be invested in investment portfolios are almost
guaranteed European central banks, either incorporated in the local
projects it is a major economic risk that this process is not the
prerogative of the Central Bank of Iraq.
He pointed out: that the
return on investment at European banks are for the development of the
reserves and not to spend within the local budgets, except in cases
necessary.
[You must be registered and logged in to see this link.]
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