Deputy calls for the central bank to contribute to tackle the financial crisis

27/05/2015



The head of the parliamentary virtue Ammar Tohme called for the central bank to contribute to tackle the financial crisis and spare Iraq borrowing from international organizations in accordance with conditions may be reflected on the citizen.



Said Tohme said in a statement "with lower oil prices and the Iraqi economy, the adoption mainly it as a source of imports, many of the important projects and public services and the provision of job opportunities have been adversely affected these circumstances, and asylum State to impose taxes, followed by higher prices and lower real income of the citizens level not sound procedures but includes the emergence of problems and wide social suffering. "

And "We also borrow from international organizations to adopt (the International Monetary Fund and the World Bank) will impose conditions on Iraq may be reflected on the citizen and the burdens and prices doubled it."

He pointed out that "from the central bank functions contribute to addressing the economic crisis and support the development", suggesting "that is withdrawn amounts from the reserve balance of the amount which does not affect the stability of the local currency to be able to by those amounts of compensation for the shortfall in revenues and employ them in completing investment activity in the service sector and public sectors Alantegeho operation and development of state-owned factories and contributing to the launch of appointments for graduates and the unemployed. "

He called Tohme to "These measures accompany directing support to build a base for strategic industries such as iron and steel mills and petrochemicals and the agricultural sector."


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