A member of the parliamentary Economy: Central Bank is still subject to item VII and Iraq signed agreements do not apply

History of edits:: 2015/9/8 8:34

[Baghdad - where]



According to a member of the economic and investment commission in Parliament, said the representatives of the Central Bank of Iraq is still subject to the separation of the seventh item in the financial affairs by the UN Security Council resolutions.

The MP said Ahmed Salim told all of Iraq [where], "The central bank is still subject to controls Section VII, and did not come out until this moment, even got out of what used part of the reserve of gold, or which is owned by the pound."

He said he sent the Attorney book to the bank to inquire about the extent of time you specify international standards to get out of Chapter VII for Iraq's money and gold reserves and other funds. "

He pointed out that "the Chapter VII sanctions lifted from Iraq, but some of the material, either article that allocate the financial affairs of Iraq did not raise them, even lifting of the central bank deal internationally varies from dealing now," and said, "That's why more Iraqi funds sold by auction The reason is that the money paid through the sale of oil abroad to compensate for the dollar to sell at home. "


And between the economic and investment commission member, said "the agreements entered into by Iraq with countries that have no meaning, but to come out of Iraq from chapter VII of financial affairs, and these agreements most of them do not apply the current time, but some of the agreements, which are set to the House for the purpose of legislation and ratification, which is for economy, including cooperation between the countries and the provision of economic and trade work, yes this is voted on, but placed until it comes time ", adding that" in any case, Iraq will remain constrained by that never goes out of in terms of financial affairs seventh item. "

Salim pointed out that the "central bank gold sale currency does not threaten the present time, because the reserve be present at the central bank for the purpose of the necessary things that need to walk the country or improve the economic situation in a particular circumstance."

He explained, "In my opinion, this does not affect, but each country is in economic conditions sudden and the central bank is a treasury of the policy of the Iraqi economy, including inflation and monetary policy that maintained the country also maintains the Iraqi dinar treatment", adding that "this is part of his work and his duties to provide money alternatives the other uses such as gold. "

The central bank had said last Saturday, that the continued sale of gold bullion to the citizens will support the operations of financial liquidity.

The governor of the Central Bank on the Keywords in a press statement, said that "the Central Bank and for financial liquidity support in the Iraqi state and to encourage citizen of the Optional savings to diversify its means and put forward different options for him, began by asking different alloy weights for the acquisition by citizens, taking into account the bank to the circumstances of the citizen living conditions.


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