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National Coalition calls for reforms in the Central Bank
22-08-2016
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He national coalition led by Iyad Allawi expressed concern about the central bank's determination to continue its policy of currency auctions and management of the dollar exchange rate in the market.
The coalition said in a statement news agency received a copy of 'in spite of experts' reports on the need to reform this policy, which 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.
The statement added that 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.
Kmaachar to 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 coalition Aloutnahon affects 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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