Keywords: Iraq worth two billion dollars to withdraw from the International Monetary

Author: Laith Mohammed Reza on: April 25, 2015

BAGHDAD / Center Brief for the Iraqi Media Network (IMN) Governor of the Central Bank confirmed the agency relationship, the Special Drawing Rights granted to the countries participating in the International Monetary Fund and including Iraq is estimated at two billion dollars, pointing out that the Fund does not lend Iraq up to the minute.

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The relationship between s (IMN) that "the International Monetary Fund is considering providing a loan of $ 800 million for Iraq, and this amount is modest."

He said, "Iraq is a member contributor to the International Monetary Fund, and has the right to borrow money on favorable terms and very few benefits," pointing out that "the central bank can not lend to the government any money because the law does not allow it."

He called on the General Coordinator of the Network of Iraqi economists Superficial inch, earlier, for dialogue between the central bank and the private sector, especially traders, to agree on a contingency plan and a national face of declining oil revenues, the development of standards for auditing import requests and identified as necessary and important, national necessarily convince them to reduce the value of the Iraqi dinar, because they have an influential lobby rejects devaluation, calling for the central bank to resume publication of demand for the dollar and the amount of data met, whatever the mechanism in place, because the central stopped publishing currency auction data Erpkina as analysts and reduced transparency.


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