Document: the central bank sold the dollar in 2015 more than Iraq's imports of the
Document: the central bank sold the dollar in 2015 more than Iraq's imports of the coin
2016-01-23 18:36:16 | (Voice of Iraq) - Baghdad
Official document of the Finance Committee in Parliament revealed that the Iraqi Central Bank sold the amount of the US dollar in the past year more than in 2015 and Iraq's imports of foreign currency obtained from the sale of crude oil in the same year.
The Committee in its document compared between Iraq's imports of oil and the value of the dollar between the central bank sales in its daily auction for each month in 2015.
The state revenues from oil for the year 2015 according to the document has reached $ 38 billion, while sales of the bank in the same year was more than $ 44 billion, a difference of more than five billion dollars, that is what sold Iraq of foreign currency more than its imports from them.
Iraq is facing a financial crisis due to the sharp decline of oil, in terms of financial budget for this year with a total expenditure of more than 105 trillion deficit accounted for 22.8%, and total revenues reached the 81 trillion and 700 billion dinars.
He accused the Counselor for Economic Affairs in the Prime Minister, Abdul Hussein Al-Anbuge central bank following the policy of "distorted, and inconsistent," the shadow of the financial crisis in the country.
He held Anbuge, the central bank's statement that "the big responsibility for the adoption of a distorted and inconsistent monetary policy, the current time, it is an incentive policy, when loaned Bank banks up to 6.5 trillion dinars to support investment in important productive sectors to confront the slide toward the massive contraction that may ahead of us, which is true procedure and support, "noting that" this recession Snnzlq him probably caused by a decline in revenues from Iraq's foreign exchange. "
He stressed, "if he insisted [the central bank] to maintain the high rate of the dinar against the dollar for fear of compromising the Iraqi dinar, the entire Iraqi economy will be threatened, we will put the economy at the head of the crisis sweeping instead of being put in the less dangerous angle."