Parliamentary Economy: Central Bank reserves reached $ 40 billion

05/11/2016


BAGHDAD / JD / .. A commission of economy and investment representative, decline cash reserves of hard currency in the Central Bank until it reached $ 40 billion.
A member of the committee MP Burhan Mamouri told / KD / the central bank's policy to sell hard currency led to a huge waste of cash in reserve, indicating that the currency auction can reap profits at the bank and thus increases the cash reserves.
He added that "there is information to suggest that the current reserves of the Central Bank up to $ 40 billion or less after hitting the $ 78 billion in 2013".
The Committee on the economy and investment representative has carried the responsibility of the federal government's central bank reserves fell because of the withdrawn money from the central bank to bridge the shortfall in the Aovernma.anthy / 8 / spending

http://dananernews.com/News_Details.php?ID=8079