Dep. central bank bears Yasiri responsibility leave Iraqi funds frozen in int'l banks
Deputy central bank bears Yasiri responsibility leave Iraqi funds frozen in international banks
4/14/2012 | (Voice of Iraq)
Baghdad (news) carrying member of the Finance Committee National Alliance MP Abdul-Hussein al-Yasiri Central Bank responsible for not investing Iraqi funds deposited in international banks, despite the fact that the country desperately needed for the implementation of investment projects and services. Yasiri said (of the Agency news) on Saturday: The central bank bears the greatest responsibility not to invest in Iraqi funds frozen in international banks, amounting to more than (62) billion dollars, stressing that the invested properly to ensure substantial financial resources of the state through use of in the implementation of investment projects and service, as it will solve a lot of the problems experienced by of the Iraqi citizens such as electricity, housing and others. He added: should invest that money and use it to meet the requirements of the country, wondering what the benefit of the freezing of these funds by the Central Bank of Iraq in the banking world without movement and investment to serve the country. According to the Attorney Yasiri: The Central Bank of Iraq to take advantage of government guidelines in the development of future plans and employment of its monetary policy as it is an executive must be referred to and coordination with them in all matters of state, and calls that do not support this, it is wrong. It is noteworthy that the CBI had said earlier about having backed up financially by the hard currency estimated (65) billion dollars is retained for emergency conditions that may occur in the country, in addition to that he is financially cover the local currency can not be disposed of.