Allawi's Coalition: auction currency and the country's corrupt muggers window

Publish date: today, 15:07

Baghdad/sky press

Student National Coalition led by Ayad Allawi, Monday, Central Bank reforms performed, ending the Agency's management, contending that currency auction "window muggers and corrupt" and that doesn't exist in States that adopt market economy.

The coalition said in a statement it had received "," sky "we are worried about the Central Bank's determination to continue the policy of currency auction and market dollar exchange rate management, despite reports of experts about the need for reform of this policy."

"This suggests mismanagement leading to Iraq balance financial leak through money laundering mafias that Deplete foreign reserves, economic and financial conditions extremely embarrassed."

The Coalition noted that "what is called (auction currency) is not present in States that adopt the market economy, experience has demonstrated that it leads to wasting money without supervision."+

He said that "the dollar exchange rate management in the local market are corrupt and muggers window who make their living on the difference between the official exchange rate with the parallel market."

National Coalition demanded that "affects the reform passed by the House of representatives and Central Bank Manager quit acting as management quotas partisanship that came with inefficient and personalities."

Iraq and several countries experiencing the world economic crisis, as a result of falling oil prices on the world market, without 48 dollars a barrel, up from $ 110.

Iraq adopts, by 85%, petroleum as well as Iran and Russia affected with Iraq at low prices, as a result, the Iraqi Government was forced to declare, the austere, operations in General in the country in an attempt to bridge the budget deficit, as well as the Iraqi Government, said the Cabinet salaries reduced by 50%.