Parliamentary Finance condone violations of central bank dollar auction sale

Mon, May 18, 2015 21:56



 

BAGHDAD / Baghdadi News / .. stressed the parliamentary finance committee member Rustam Masood Haider, on Monday, that the Commission preferred to turn a blind eyesight irregularities central bank to cross the limit to sell the dollar auction sale currency.

Said Rustam in an interview with / Baghdadi News /, that "there is a legal text developed by the Finance Committee in Article 50 of the Budget Law stipulates the illegality of the bank to exceed the maximum sales of dollars in the (60) million," explaining that "the Finance Committee preferred The overlook of the Central Bank exceeded sales of 100 million dollars a day for the first two reasons the government's decision to wait in some of the wrong materials and the second that the central bank has the right of appeal against the said article. "

He added, "This amount is set by the budget law by members of the Finance Committee was hasty, especially since Iraq's daily need at least 120 million dollars to provide at least the employees' salaries," stressing that "the Commission recognizes the illegality of this law." .

He continued, "We are awaiting the final decision of the Federal Court regarding foster this article (50) and then we will examine how it is addressed," .

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