BAGHDAD – Iraq Press – November 11: revealed interim president of the Finance Committee parliamentary, Magda al-Tamimi, he will soon be in Parliament to host finance ministers and oil and Planning and the Governor of the Central Bank and officials of Customs and Free Zones to see Iraq’s financial strategy of the fact that the next Iraqi government, the year of austerity.
She said Tamimi’s / Iraq Press / that “the central bank warns against the use of hard currency and gold reserves in order to fill some of the country’s investment projects because of austerity because the bank reserves important cover of the Iraqi dinar,” adding that “the purpose of hosting to be made by Parliament and on the face particular the Finance Committee to figure out ways to find a way to increase non-oil revenues of Iraq after the resulting total dependence on oil to create worried Iraq’s financial environment. “
Tamimi and noted that it “would invite everyone to the commitment of the austerity policy and the preservation of public money and called on officials to respect this money to launch and customizations to the extent that actually need it.”
In turn, has ruled out the former deputy head of the Central Bank, the appearance of Mohammed Saleh, said that “resort to the central bank’s reserves of hard currency to cover any investment projects.”
Saleh said L / Iraq Press / “The Central Bank reserves of hard currency to exceed $ 76 billion, and this confirms that it is not capacitive, which enables him to cover for investment projects in the whole of Iraq,” stressing that “the duty of the existence of reserves in the central bank’s hard currency is to work to protect the Iraqi dinar is a cover for him. He believed that “talk about the drag of foreign currency reserves is premature, especially that he contributed to the hard currency that was complete them with the Central Bank in 2012 the order of $ 76 billion and this figure has not changed to this day,” according to his assertion.
He criticized at the conclusion of his speech, “the previous government it did not behave properly oil revenues which recorded large numbers during the past years.” Admiral ended