Grant or loan; the Governor of the Central Bank of Iraq declares near the Agency receive 15 billion dollars over two years.

News source: Ali Salman
Section: Economic page
May 13, 2016 6:46 am
Number of readers:46

The reserves the Central Bank revealed closely Iraq's access to $ 15 billion paid over two years from the World Bank and the International Monetary Fund and the Group of seven leading industrial Nations to help Iraq overcome the financial crisis.

The Central Bank Governor said the relationship in hawarshavi followed Iraq News Agency faces significant challenges to Buratha in the economic and financial system and two border crossings, customs, and the sale of foreign currency for the associated funds.

While the bank hard currency reserves reassured international organizations recognized, did not clarify whether the amount referred to grant or loan, but the news published by the Sabah newspaper included the word "grant" which is highly unlikely, but a verbal fallacy refers to shade the Iraqi public opinion.

Relationship, the Governor of the Central Bank by Maliki before his disqualification as Prime Minister several days among a group of 200 includes agency appointments, Did not indicate the amount of interest and the terms of this transaction, but stressed not to raise dollar dinar because it adversely affect low income.