Maliki calls to stop the auction of currency

by **Rocky** Tue 15 Nov 2016, 3:19 am

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Maliki calls to stop the auction of currency

by Rocky Tue 15 Nov 2016, 3:19 am

[size=30]Maliki calls to stop the auction of currency[/size]

15/11/2016 09:54 | Number of Views: 127

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Direction Press / Baghdad

He called for economic and investment commission in Parliament member Abdul-Salam al-Maliki on Tuesday to stop the auction of the currency being has become a danger incomparable gravity of terrorist organizations and "Daesh," revealing that the central bank's reserves of hard currency and $ 47 billion, enough to cover the needs of the country for eight months only .

He said in a statement received "direction Press", a copy of "The danger began to enter the yard of the Iraqi economy, especially that Iraq is a country finances all its needs from the funds of the sale of oil and that by selling the currency in the Central Bank of Iraq, and this in itself of the most dangerous things on the economy the present time. "

"The Central Bank of Iraq on a daily basis sells at a rate of $ 200 million, or $ 6 billion each month," noting that "the available reserves in the Central Bank is $ 47 billion, enough to finance the needs of the country for eight months."

He explained that "all nations of the world are classified as credit through cash reserves, and if the reserve was of that State is equivalent to less than 6 months of expenses considered this state of credit is very bad, the consequent lack of recognition of the global bank remittances Iraqi banks and be a disincentive to attract investment ".

Maliki reiterated " the need for parking and everyone in general this wasteful and extravagant , " calling to "stop the auction of the currency as it became the most dangerous things that the country is experiencing ,which is equal to the risk of Daesh and terrorist organizations." sa

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