The Central Bank reveals huge debts to the government

2018/7/11 8:24


{Baghdad: Al-Furat News} The Central Bank of Iraq, revealed huge debts owed to him by the government.
The central bank governor Ali al-Alaq said in a press statement that "the view of the bank based on economic considerations, financial and monetary, believes that the best use of excess amounts by the budget of the current year of oil exports to pay the internal debtsthat belong to the Central Bank and other banks," noting that "Their fulfillment would fortify the bank from any future crisis, especially as its debts resulting from the government's debt to the bank amounted to the limit of 20 trillion dinars," ie (equivalent to about $ 19 billion).
"This method will contribute to maintaining financial, monetary and banking stability in the country, and it is necessary to give great importance, especially that the volume of liquidity drawn from the central bank is very large, calling on the government to return to ensure the strengthening of the cash reserve."
And on the external debt, explained the most, "The installments are few and the benefits of a distant and most of the debt was not resolved, stressing" there is no problem in postponement. "