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Iraq is losing half of the monetary reserves in two years
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Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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Iraq is losing half of the monetary reserves in two years
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Reload 03/22/2017 11:23 Specialists believe that this measure is a threat to the national currency because foreign reserves is a cover of the national currency. The cash reserve for any Bld, safety valve, which provides state-of hard currency for trading and import, as well as to provide financial cover in the event of state revenues did not meet in the cover Ahtaajatha, usually revenues derived from oil and natural resources, industrial or agricultural or Altjara, and other revenue production availability of funds for financial balance Alsnoah, and manipulation of this cash reserve or drag it may lead to a significant risk that can not be processed. He says the decision of the Finance Committee Ahmed Haji told / JD /, that the reason for the decline in the monetary reserves of foreign currency due to the financial crisis that hit the country because of lower oil prices, which have made the government relies on internal and external borrowing to stroll financial matters in the state, which led to a large decline in hard currency. For his part, revealed the parliamentary finance committee member Sarhan Ohamd, for the withdrawal of the government about $ 40 billion of Iraqi cash reserves. Ahmed told / KD / "The government has withdrawn about 48 billion dollars deposited in the Central Bank of Iraq since 2014 until Alan, cash reserve which is equivalent to more than half of the strategic stockpiling of about $ 80 billion." And that "inventories remaining at the Central Bank amounted to about $ 40 billion a month just before", adding that "the budget deficit and the decline in world oil prices and the war on terrorism are all factors causing fatigue entire economy." As a member of the economic and investment commission in Parliament MP Salam al-Maliki, the central bank carried the decline size of the cash reserve currency. He said al-Maliki told / KD / that "there are measures included many of the suspicions of corruption and fraud what is known as a window of foreign currency sale at the central bank that caused the depletion of the currency of the country, and led to the reserve decline of the dollar in the bank treasury and that she was more than $ 80 billion to Anonymous No central bank can not permit it. " The International Monetary Fund has warned of the continuing decrease in size of the monetary reserves of hard currency at the Central Bank of Iraq because it will affect the Iraqi economy in general and the dinar 03.22.2017 http://www.dananernews.com/news?ID=8161 |
Ponee- Admin
- Posts : 38267
Join date : 2011-08-09
Re: Iraq is losing half of the monetary reserves in two years
as soon as m become pm again he will steal whats left of the money
Jayzze- VIP Member
- Posts : 5986
Join date : 2011-06-23
Dinar Daily :: DINAR/IRAQ -- NEWS -- GURUS and DISCUSSIONS :: IRAQ and DINAR -- ARTICLE BASED INFORMATION and DISCUSSIONS
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