Finance and Central Bank charged with the disappearance of the loans obtained by Iraq

Economy Since 2016-02-24 at 12:19 (GMT)

The balance of news

Economy and investment Commission revealed, Wednesday, not knowing the fate of the great borrowed the Iraqi Government after the current financial crisis, certain problems in the Central Bank and Finance Ministry caused thereby.

It was Iraqi Central Bank Governor Ali al-allaq said earlier that the government deficit worth 5 trillion dinars (4.17 billion dollars) a month to cover salaries and expenses.

Committee Member said Hareth al-Harthi l/balance of news, "its still ignorant to this day the fate of funds borrowed by the Government during the previous period, stating that he" did not invest any portion of which construction projects and development like that. "

He said Al-Harthi, the external borrowing an additional burden and not a solution to the financial crisis as understood by the Government ", that" there are upheavals at different rates of interest between each State assumption. "

He stressed that "the percentages ranging from 2 to 6% and this in turn adds another burden on future Iraq safe," he said, "the ultimate goal for these countries is to get profits rather than helping Iraq dullness claim."

And, that "all the members of his Committee are unaware of where these funds went," adding that "the Ministry of finance and the Central Bank are responsible for her disappearance.

He said his Committee would pursue precisely this critical topic because it regards the country's economy. "

The Iraqi Government has announced $ 500 million euro loan in any way (566 million dollars), from Germany to help Baghdad in reducing financial crisis, caused by the deterioration of oil prices.

Finance Minister Hoshyar Zebari earlier borrowing of Iraq Japan $ 735 million dollars.
From: Ahmed zemim