Statistic: low central bank sales in February to $ 2.5 billion 3/3/2016
Statistic: low central bank sales in February to $ 2.5 billion
3/3/2016 0 Comments
According to statistics of the Central Bank of Iraq to sell the bank more than $ 2.5 billion during the month of February.
Statistical indicate According to the website of the bank that "the quantity sold to banks from the date of February 1, 2016 to the 29th of the same month was two billion and 502 million and 51 thousand and $ 809."
And recorded these sales decline for the month of January last, who sold the bank more than $ 3.3 billion, a difference of $ 817 million.
The official document of the Finance Committee in Parliament revealed that the central bank sold the amount of the US dollar in the past year, 2015, more than Iraq's imports of foreign currency obtained from the sale of crude oil in the same year.
The document showed that the country's oil revenues for the year 2015 amounted to $ 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.
He warned an economist from the bankruptcy of the Iraqi state in the event of the continuation of the central bank sold treasury of the dollar.
Dawood Al Zayer's [where], "The depletion of central bank balance of the dollar will arrive to the bankruptcy of the state, after they crossed the stage of the bankruptcy of the government, because this depletion leads to yellowing of the bank balance of hard currency."
He called on the Office of the Prime Minister Haider al-Abadi, the central bank to review its policy on "smuggling of foreign currency" .