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An economist advises the Central Bank of Iraq to stay away from lending in order to preserve its budget

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An economist advises the Central Bank of Iraq to stay away from lending in order to preserve its budget Empty An economist advises the Central Bank of Iraq to stay away from lending in order to preserve its budget

Post by RamblerNash Mon Dec 28, 2020 12:16 pm

An economist advises the Central Bank of Iraq to stay away from lending in order to preserve its budget 878730-3663fef8-90b3-4922-b588-bdc051c71f1b
Monday 28, December 2020 09:31
 
Baghdad / NINA / The economic expert, Raad Twaij, called on the Central Bank of Iraq to deal transparently with the size of its cash reserves and to accurately represent its legal personality as a first-class monetary institution.

Twig said in a statement to the Iraqi National News Agency ( NINA ): "The central bank should not give the opportunity to other parties to talk about false data about the size of its cash reserves, which has an impact on monetary stability and undermines public confidence in the central bank and the monetary situation of the country."

He pointed out: "The governor of the Central Bank of Iraq, in his last television interview, did not reveal the size of those reserves, which he described as good," stressing: "This should be determined in the form of statements and not verbally.

The economic expert continued: "We advise the Central Bank of Iraq to stay away from lending at this critical time, in order to preserve its general financial budget." / End 8

https://ninanews.com/Website/News/Details?key=878730

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