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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    Parliamentary Finance reveal the central bank's reserves fell to less than $ 50 billion

    Rocky
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    • Post n°1

    Parliamentary Finance reveal the central bank's reserves fell to less than $ 50 billion Empty Parliamentary Finance reveal the central bank's reserves fell to less than $ 50 billion

    Post by Rocky Thu Sep 15, 2016 9:11 am

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    Iraq Central Bank
    Parliamentary Finance reveal the central bank's reserves fell to less than $ 50 billion


    Author: HH, MK 
    Editor: HH, NS 09.15.2016 14:58 Number ofViews: 233 



     
    Long-Presse / Baghdad
    Finance Committee in the House of Representatives revealed on Thursday that the central bank reserves decreased to less than $ 50 billion, and while confirming that the central bank does not talk about reserves "for fear of creating new crises", she pointed out that the government has turned to internal borrowing from a bank Rasheed and Mesopotamia "without the return of these amounts."
    He said the Parliamentary Finance Committee member Hossam punitive in an interview with (long-Presse), said that "the amount of the Iraqi Central Bank reserves reached to below $ 50 billion," noting that "the central bank does not talk about the size of reserves for fear of creating a new crisis."
    He punitive, "The Iraqi government headed domestic borrowing by government banks and private bank Rafidain and Rasheed during the years 2015 and 2016, estimated at $ 15 billion without the return of these funds with the benefits of the two banks."
    The governor of the central bank on the Keywords confirmed, on Sunday (11 September 2016), Iraq's commitment to the pledges made to the International Monetary Fund Ptoukatadtha specific, especially as it is consistent with the orientations and objectives, noting that the Fund was surprised to be Iraq's reserves of foreign currency more than its forecast by about ten billion dollars.
    The Governor of the Central Bank and the Agency on the Keywords confirmed, on Tuesday (21 June 2016), that Iraq's reserves of foreign currency of $ 53 billion, and with the exception that it is in line with international standards and regulations of the International Monetary Fund, hold the House of Representatives and the government responsible for the low reserve because Msadegthma on the financial budget deficit.
    The CBI has rejected (the 13th of January 2016), the government went to draw from the financial reserve, while attributed to the fact that the law "does not allow" the government of this, he called for the issuance of bonds and sell them to banks. 

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