World Bank calls for non-interference by the Office of the Prime Minister in the Iraqi Central Bank's policy, especially borrowing

Posted 25/03/2014 08:50 AM


BAGHDAD - "arenas of Liberation"

Parliamentarians said that "the World Bank called for reform of policies and lack of government interference in the Iraqi political Central Bank of Iraq, especially with regard to the subject of borrowing."

They said, "We had already warned of the deteriorating economic and financial situation in the country due to lack of professional and policy making powers overlap and interfere in the work of the central bank by the Iraqi government."

They added that "the World Bank in Amman and attended by representatives of Iraq has demanded reform of those policies and stop government interference in the work of the central bank and private borrowing it and otherwise, Iraq will be put on the blacklist," noting that "this reminds us of the same sanctions imposed on the system The former led to the deterioration of the Iraqi dinar and its negative effects on the development of the Iraqi economy. "

And called on the government to "non-interference and a fiscal policy and economic avoid Iraq from which these crises."

The traders buy and sell the dollar criticized the way in which the Iraqi Central Bank to sell the dollar and according to the opinion of some specialists in economic affairs, the CBI did not follow the policy of the legal foundations and monetary, financial and economic right in the process of selling the dollar, where the process of selling the dollar should conducting the auction, or at least selling price installer from the state.


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Parliamentary Integrity: The World Bank called for reform of policies and lack of government interference in the Iraqi political CBI

Brother - Baghdad

According to Chairman of the Parliamentary Integrity Commission MP for the Liberal bloc parliamentary Bahaa al-Araji, that "the World Bank called for reform of policies and lack of government interference in the Iraqi political Central Bank of Iraq, especially with regard to the subject of borrowing."

They said in a press statement, received by the agency for News News (et) a copy of it on Tuesday, "We had already warned of the deteriorating economic and financial situation in the country because of the failure to take policies professional and overlapping powers and interference in the work of the central bank by the Iraqi government."

He added that "the World Bank in Amman and attended by representatives of Iraq has called for reform of those policies and stop government interference in the work of the central bank and private borrowing it and otherwise, Iraq will be put on the blacklist," noting that "this reminds us of the same sanctions imposed on the system The former led to the deterioration of the Iraqi dinar and its negative effects on the development of the Iraqi economy. "

And called on the government to "non-intervention and the development of economic and fiscal policy through which Iraq avoid these crises."


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