Economist: The auction of currency at the Central Bank is useful only Fadisin

12-06-2019 01:18 PM

US

Baghdad

The economic expert Bassil al-Obeidi, on Wednesday, the continuation of the work of the Central Bank of Iraq to auction the huge wrong currency in the history of Iraq, noting that the auction of the currency does not benefit only the corrupt and the banksof civil authorities of the window.

"The auction of foreign currency, which is carried out by the Central Bank of Iraq, can not be relied upon in the floating currency and is one of the most serious mistakes in the history of the Iraqi economy."

He added that "the auction of the currency will not benefit the national economy and wasted large amounts of money, but it is beneficial to the corrupt and private banks belonging to the influential in the state."

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