Jubouri: calls to send financial Court Act to Parliament and not to withdraw from the central reserve

February 15, 2016 15:37




BAGHDAD - News .. Baghdadi called on Parliament Speaker Salim al-Jubouri, on Monday, the need not to resort to withdrawals of foreign currency reserves to cover the deficit in the project budget.

Jubouri said in his speech on the occasion of the launch of the Strategic Plan of the Central Bank for the years 2016-2020, and attended Baghdadi News, that "the Central Bank of the demands put a financial plan that includes the development of the Bank's policies, including the policy cash Bank and supervision of banks and processor of inflation," noting that "all of this is done during the development of public and private banks. "

He Jubouri that "real reform process there must be a finding insights and solutions and create new opportunities with the search for new people," pointing to "We, however, provided that comply with the Constitution and consultation with the opinion of the rest of the political blocs."

He stressed the need not to resort to withdrawals in the central bank's hard currency financial reserves to cover the deficit in the balance of payments, stressing that Iraq has a lot of wealth and large capabilities, assets and assets that allows him to move the economy and stimulating activities as well as to his indebtedness less than many of the surrounding countries.

He Jubouri that "all international organizations that are trying to help us on the financial crisis, is able to fill our need of money and overcome the crisis," he said. "This problem must be resolved by the Iraqi government by putting investment plans."


http://www.albaghdadia.com/economy/item/49101-2016-02-15-12-40-20

Jubouri calls to send financial Court Act to Parliament and not to withdraw from the central reserve


Author: AB, ASJ
Editor: AB
02/15/2016 12:39



Long-Presse / Baghdad

Called on Parliament Speaker Salim al-Jubouri, on Monday, the government has to pay a financial Court Act and send it to parliament to control the financial excesses and reduce corruption, and called for "arranging" the financial situation in a real and effective to save money to fight terrorism and help the displaced, and also confirmed that not having to drag Central Bank reserves, counting that Iraq's debt, "much less" than the rest of the world.

Jubouri said during a speech on the sidelines of a ceremony launching the strategy of the Central Bank of the year 2016-2020 was held at the Central Bank building in central Baghdad, and attended (range Press), said that "to overcome the economic problems require the order of the financial situation in a real and effective, to save money to fight terrorism and help displaced persons and reconstruction of the devastated areas and the provision of salaries. "

He called al-Jubouri, the government has to "pay financial Court Act and send it to parliament to control the financial excesses and reduce corruption," he "is not needed to draw on financial reserves of the Central Bank, in the light of Iraq's possession of assets and great riches."

He Jubouri, that "the debt owed by Iraq so far much lower than the rest of the world," calling to "rely on investment and support the banking sector."


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