Industry calls on the central bank to stop the sale of the do auction to prevent its export abroad

by **claud39** Wed Apr 17, 2019 1:51 pm

Industry calls on the central bank to stop the sale of the do auction to prevent its export abroad

Tuesday, 16 April 2019

Industry calls on the central bank to stop the sale of the do auction to prevent its export abroad Irq_1681145483_1555410234

The Ministry of Industry and Minerals on Tuesday called on the government to stop selling the dollar at the Central Bank auction because it affects the Iraqi industry, indicating that the most money in hard
.currency goes out of the country

The sale of the dollar at the auction of the Central Bank has a great " impact on the Iraqi industry because most of this money goes out of the country and therefore if the government wants to promote the local industry, the sale of the dollar should be stopped as a first step and then obligatory, Ministries to buy the products of the Ministry of Industry for its support and development."

He added that "most of the decisions taken by the government after 2003 to support the Iraqi industry, did not and did not have the level of ambition, in addition to the laxness of the border crossings and the importation through them and these ports need strict laws to oblige and this is what we miss now, adding that the things that affected the The local industry is the decline of the currency in some neighboring countries and the entry of " .products of these countries to Iraq at prices lower than locally located

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