From Bobby

Economic Adviser to big question marks Abadi on currency conversion mechanisms!


Economic advisor to Prime Minister Mohamed Saleh appearance having big question marks on the mechanics of converting foreign currency into Iraq.
The Agency said {Euphrates news} today "to finance imports there must be converted into foreign currency", noting that "there is a question mark on the pound sign is caused by confusion between the implementation of monetary policy for the Central Bank to control liquidity levels and at the same time, trade finance, To create this mystery. "
And wondering "If the Iraqi Government is funding through trade credits, why the private sector to be financed in the same way, noting that" the argument that there is no lack of funding possibilities to download credits as an instrument more transparent in trade financing and there are a number of reporters. International collaborators with Iraq to create or open the funds, because of the long isolation of the Iraqi bank sector. "
"The Central Bank in front of a project to rebuild the Foundation of foreign trade finance to the private sector through opening credits create called kthbenk and dam is a synthesis Bank contributes to all Iraqi banks {community and governmental} be a Bank for the financing of foreign trade.

"Get a coin under the pretext of trade financing causes monopoly", pointing to "a substitute for this rebuild new standards for private sector financing by creating a large bank to finance this sector".

https://alforatnews.com/modules/news/...storyid=155652