The central bank acknowledges the difficulty of the financial situation in Iraq 8/23
The central bank acknowledges the difficulty of the financial situation in Iraq
8/23/2015 0 Comments
Khandan - acknowledged the difficulty of the Iraqi Central Bank's financial situation in Iraq, saying that the big challenge that will continue for the future comes from winning volatility in oil resources. Said Ali Mohsen Keywords Governor of the Central Bank of the newspaper «morning»: there are difficulties in the financial situation, We hope that the current crisis will be a catalyst for real reforms in the structure of expenditure and revenues of the state and an opportunity to review everything. He added Keywords, that the phenomenon of volatility in oil resources will remain and will not end in one day, a big challenge during the future, explaining the need to accept Iraq to rebuild the expenditure and revenue in the form which takes into account such things, confirming the presence of a large area to repair these aspects . And on the success of the central bank in the stability of the dollar exchange rates, and expectations in this matter during the next phase, hinted Keywords that monetary policy does not put a prediction in advance for these things, as the Iraq and all countries of the world undergoing significant variables, scalable at any moment, indicating that those fluctuations and variables can affect the Iraqi economy. Keywords and hinted that the function and mission of the central bank in general, is to maintain the stability of exchange rates in the domestic market.