National Coalition calls for reforms in the Central Bank

2016-08-22 20:04:00 | (Voice of Iraq) - Erbil

He national coalition led by Iyad Allawi expressed concern about the "insistence of the central bank to continue the auction policy , currency and management of dollar in market prices, despite the experts ' reports on the need to reform this policy, which refers to the mismanagement that lead to leakage of Iraq 's financial balance across the mafias money that deplete foreign exchange reserves laundering, and in extremely critical economic and financial conditions. "

Adding that "the so - called (Auction currency) is the practice does not exist in the countries that adopt a market economy, and proved experimentally that it lead to a waste of money without supervision."

National coalition also noted that " the dollar in the domestic market prices are muggers Management window and the corrupt who make their living on the difference between the official exchange rate with the parallel markets."

National coalition and he demanded that "affects the reform passed by the Central Bank of Representatives and an end to partisan administration acting in accordance with the quota system , which came personalities incompetent and unprofessional."