The Central Bank of Iraq announces the maintenance of its external independence after controlling the dollar
By rami - July 16, 2017

The Central Bank of Iraq has maintained its foreign independence by controlling the dollar and stabilizing it at a single level, the director of financial operations at the Central Bank of Iraq, Mahmoud Dagher, said on Sunday
Dagher said in an interview 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’s budget represents the balance of the monetary base, which has become domestic credit assets equal to or exceed foreign assets and this threatens the ability On additional lending Dagher warned that “the existence of a large risk to the monetary reality is the foreign assets that are the origin of the creation of assets of the dinar and 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 the government stopped lighting 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 to 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 https://en.economiciraq.com/2017/07/1...ng-the-dollar/