Central Bank: Our control of the dollar price confirms our foreign independence




The Euphrates -
The central bank has maintained its foreign independence by controlling the dollar and stabilizing it at one level, the central bank's chief financial officer, Mahmoud Dagher, said on Sunday.

Dagher said that 'the central bank maintained its external independence through its control of the dollar and stabilize it at one level', adding that 'the central bank balance represents the balance of the monetary base, which has become domestic credit assets equal to or exceed foreign assets and this threatens the ability to lend additional '.

"Dagher warned of the existence of a large risk to the monetary reality is the foreign assets that are the origin of the creation of assets and reserves of reserves," noting that 'local assets have become a great pressure should be stopped because the central organ is not able to continuity.

"The solution is to reform the reality of the border crossings, which stopped the government to shine in its implementation, because the control of the border crossing means controlling the window of sale of currency and information and financing of imports," noting that 'the investment budget stopped three years ago for the inability of ministries to provide investment projects at the level of Feasibility study to take advantage of foreign loans because of lack of institutional controls in the country '.


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