Abadi warns Iraq of running out of stocks of hard currency

Tue, 07 Mar 2017 07:39:33

Abadi

He warned the parliamentary finance committee member Zahir al - Abadi, Tuesday, of the consequences of making the wrong policies in the process of reducing the dollar prices in local markets, noting that speculation in the currency market leads to the depletion of stocks Iraq of hard currency.
Ebadi said, " The financial mafias backed by influential politicalparties still dominate the sale of the dollar at the central bank , despite the new measures tired."
He added that "Iraq is suffering from a major financial crisis can not be ignored by taking superficial processors are not able to put an end to financial corruption in the country."
Abadi said that "financial inventories of the country 's hard currency Negotiable out where the recently arrived to about $ 49 billion in the event of continued dollar selling without a clear study and take to maintain that currency smuggling out strategy."

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