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Allawi's coalition: Auction currency muggers and corrupt window does not exist in the market economy
Monday 22-08-2016 | 2:15:50
Twilight News / Taleb national coalition led by Iyad Allawi on Monday Bahra reforms in the Central Bank and an end to management by proxy, considering that the currency "muggers and corrupt window" auction and that he does not exist in the countries that adopt a market economy.
Through the coalition said in a statement responded to the Twilight News, expressed "concern of the central bank's determination to continue its policy of currency auctions and management of the dollar exchange rate in the market, despite the experts' reports on the need for reform of this policy."
He added that this "refers to the mismanagement that lead to leakage of Iraq's financial balance across the mafias money that deplete the reserves of foreign currencies laundering, and in the critical economic and financial conditions seriously."
He pointed out that the coalition "the so-called (currency auction) is the practice does not exist in the countries that adopt a market economy, and proved experimentally they lead to waste of money without supervision."
"The dollar in the domestic market prices are muggers Management window and the corrupt who make their living on the difference between the official exchange rate with the parallel markets."
He called the National Coalition that "affects the reform passed by the House of Representatives of the Central Bank and an end to partisan administration acting in accordance with the quota system, which came personalities incompetent and unprofessional."
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