550 billion dinars, the total deduction of employees' salaries

1702 2016
Central bank: «Finance» unprepared for auction currency

Minister of Displacement and Migration, said that the deduction of 3% of employees' salaries will save 550 billion dinars, and that it is not sufficient for the distribution of one million dinars grant among the displaced, while the committee of displaced persons and displaced parliament called on the government to launch Kirkuk financial allocations from Alaptrdolar.

He said Jassim Mohammed, in a press conference that the ministry has a plan to re-displaced people policy of the government is working on the return of displaced persons by assisting returnees and their insurance when you get back to their towns liberated, and he got a recent loan from Germany worth 500 million euros for the purpose of re-life areas that have been edited and which will be disbursed in a balanced manner and according to the possibilities and security conditions for ensuring the return of displaced persons.

The minister added that what is deducted from employees' salaries is 3% to 1.8% goes them to the popular crowd, and 1.2% to the Supreme Committee for sheltering displaced people at the end of the year, which turns financial grants of up to $ 550 billion dinars, saying it «is not enough to distribute million dinars for each displaced families annually ».

On the other hand, said the Iraqi Central Bank, on Tuesday, he was responsible for conducting the auction currency, between the Ministry of Finance is ready to exercise that role.

The governor of the bank on the Keywords, said that «the central bank is responsible for holding the currency auction Under the law, which he considers responsible for the stability of the exchange rate», indicating that «theoretically possible that the Ministry of Finance to hold the currency auction but practically not possible» .

He Keywords that «the Ministry of Finance is not interested in achieving the goals of monetary policy Castaqrar exchange, but is interested in obtaining as much as possible from the dinar from the sale of dollars without paying attention to the overall stability of prices or exchange rate stability», explaining, in an interview with Alsumaria's News, that «this process by type of risk and can not afford the Ministry of Finance.»

He added that «the Ministry of Finance has historically not accustomed to exercise such a process so that the balance between sales of the dollar and the stabilization of the exchange rate», adding that «the central bank has the mechanisms and tools and his outlook and the rules of his work and his ability to take control of this process».