Parliamentary Finance reveal the central bank's reserves fell to less than $ 50 bill
Parliamentary Finance reveal the central bank's reserves fell to less than $ 50 billion
09.15.2016 14:58 Long-Presse / Baghdad
Finance Committee in the House of Representatives revealed on Thursday that the central bank reserves decreased to less than $ 50 billion, and while confirming that the central bank does not talk about reserves "for fear of creating new crises", she pointed out that the government has turned to internal borrowing from a bank Rasheed and Mesopotamia "without the return of these amounts."
He said the Parliamentary Finance Committee member Hossam punitive in an interview with (long-Presse), said that "the amount of the Iraqi Central Bank reserves reached to below $ 50 billion," noting that "the central bank does not talk about the size of reserves for fear of creating a new crisis."
He punitive, "The Iraqi government headed domestic borrowing by government banks and private bank Rafidain and Rasheed during the years 2015 and 2016, estimated at $ 15 billion without the return of these funds with the benefits of the two banks."
The governor of the central bank on the Keywords confirmed, on Sunday (11 September 2016), Iraq's commitment to the pledges made to the International Monetary Fund Ptoukatadtha specific, especially as it is consistent with the orientations and objectives, noting that the Fund was surprised to be Iraq's reserves of foreign currency more than its forecast by about ten billion dollars.
The Governor of the Central Bank and the Agency on the Keywords confirmed, on Tuesday (21 June 2016), that Iraq's reserves of foreign currency of $ 53 billion, and with the exception that it is in line with international standards and regulations of the International Monetary Fund, hold the House of Representatives and the government responsible for the low reserve because Msadegthma on the financial budget deficit.
The CBI has rejected (the 13th of January 2016), the government went to draw from the financial reserve, while attributed to the fact that the law "does not allow" the government of this, he called for the issuance of bonds and sell them to banks.