An international report: Iraq is unable to take advantage of his money
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An international report: Iraq is unable to take advantage of his money
Admin Sat Apr 13, 2013 10:50 am
This article is interesting observation!
The time on Saturday, April 13 / April 2013 08:20
London / Orr News
He stressed, "Global Center for Development Studies" in London, in a report issued by that Iraq is unable to benefit from the money, where has the budget for this year in the amount of approximately $ 119 billion U.S. except what converts from proceeds from the sale of oil to the "Development Fund for Iraq" of the Fund International Monetary.
The report said that Iraq's economy is suffering money laundering, and corrupt financially and administratively in the joints of the Iraqi state and sharp fluctuations in the price of the Iraqi dinar exchange reflected clearly on the living situation of Iraqis, and led to the loss of the country around $ 3 billion in just two months in the last year 2012.
He said that some of those in force in the Iraqi government is seeking to take advantage of the surplus oil revenues to maximize their assets abroad.
He added that the Central Bank of Iraq announced in August that its hard currency reserves reached $ 67 billion, while the Iraqi government announces that preventive balances in the "Development Fund for Iraq," stood at $ 18 billion.
The bank gold reserves, has dropped by 20% from about 39 tons in 2011 to 31 tons last year.
Some accuse the administration of the current bank is responsible for the disappearance of 10 tonnes of gold reserves to which Iraq needs to enhance the value of the dinar in the financial markets.
He added that Iraq is not able to benefit from investment allocations or financial surpluses, but after that instructs the International Monetary Fund to "Development Fund for Iraq," turning to the Central Bank of Iraq.
Center felt that the Iraqi government its inability to take advantage of their money and their need for international protection of creditors turned into a semi-caretaker government to pay salaries only.
The Center concluded that the reality of the confusion and chaos in the Iraqi economy and the spread of financial and administrative corruption requires the existence of transparency in the accounts of funds "Development Fund for Iraq" in the U.S. Federal Bank.
He believed that it is very important, especially with the loss of billions of dollars of Iraqi funds in prior periods, and conflicting statements about the size of the amounts and reserves that are considered the property of the future generations of the Iraqi people.
http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.uragency.net%2F
The time on Saturday, April 13 / April 2013 08:20
London / Orr News
He stressed, "Global Center for Development Studies" in London, in a report issued by that Iraq is unable to benefit from the money, where has the budget for this year in the amount of approximately $ 119 billion U.S. except what converts from proceeds from the sale of oil to the "Development Fund for Iraq" of the Fund International Monetary.
The report said that Iraq's economy is suffering money laundering, and corrupt financially and administratively in the joints of the Iraqi state and sharp fluctuations in the price of the Iraqi dinar exchange reflected clearly on the living situation of Iraqis, and led to the loss of the country around $ 3 billion in just two months in the last year 2012.
He said that some of those in force in the Iraqi government is seeking to take advantage of the surplus oil revenues to maximize their assets abroad.
He added that the Central Bank of Iraq announced in August that its hard currency reserves reached $ 67 billion, while the Iraqi government announces that preventive balances in the "Development Fund for Iraq," stood at $ 18 billion.
The bank gold reserves, has dropped by 20% from about 39 tons in 2011 to 31 tons last year.
Some accuse the administration of the current bank is responsible for the disappearance of 10 tonnes of gold reserves to which Iraq needs to enhance the value of the dinar in the financial markets.
He added that Iraq is not able to benefit from investment allocations or financial surpluses, but after that instructs the International Monetary Fund to "Development Fund for Iraq," turning to the Central Bank of Iraq.
Center felt that the Iraqi government its inability to take advantage of their money and their need for international protection of creditors turned into a semi-caretaker government to pay salaries only.
The Center concluded that the reality of the confusion and chaos in the Iraqi economy and the spread of financial and administrative corruption requires the existence of transparency in the accounts of funds "Development Fund for Iraq" in the U.S. Federal Bank.
He believed that it is very important, especially with the loss of billions of dollars of Iraqi funds in prior periods, and conflicting statements about the size of the amounts and reserves that are considered the property of the future generations of the Iraqi people.
http://translate.google.com/translate?hl=en&sl=ar&tl=en&u=http%3A%2F%2Fwww.uragency.net%2F
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