Parliamentary finance reveals the value of Iraq's cash reserves and warns of movements to affect the value of the dinar
2018/12/16 13:30
Baghdad today _ special
A member of the parliamentary finance committee, Hoshyar Abdullah, on Sunday (December 16, 2018), about Iraq's cash reserves, while pointing out that Iraq is a country that has a good cash reserve.
"The news that the monetary reserve is declining is incorrect and the aim is to confuse the market and affect the price of the Iraqi dinar as part of moves adopted bysome parties," Abdullah said in an exclusive interview with Baghdad.
"The bank reserves and liquidity of the country is very sound and the ability of the Iraqi dinar is strong, and what is rumored otherwise is a disgrace."
He pointed out that "Iraq from countries that have a large cash reserves, estimated at 60 billion US dollars."
He pointed out that "the Finance Committee formed sub-committees to investigate deep in terms of auction sale of currency and the building of the Central Bank, and drowned seven billion dinars due to rain in light of accusations against them and calls for investigation."
The parliamentary financial committee, revealed Thursday, December 13, 2018, the date of the start of investigative committees on issues concerning the Central Bank, while confirmed its intention to open any file on which suspicions.
"The parliament has formed three committees, about (the central bank auction), (the cost of building the building) and (the seven-billion-dollar drowning case)," committee member Ahmed Hama Rashid said. "The parliament has formed three committees. And fact-finding. "
He stressed that "the House of Representatives, determined during its current session to take what the investigative committees offer and push the executive bodies to implement its recommendations as soon as possible."
The House of Representatives earlier decided to form 3 subcommittees to investigate files related to the work of the Central Bank, including the issue of seven billion.
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