Central Bank announces maintain its independence after foreign control over the price of the dollar


  Director General of the financial operations of the Central Bank, Mahmoud Dagher, “Economy News”  

 Banks

Economy News Baghdad: 

The Director General of Financial Operations at the Central Bank, Mahmoud Dagher, Sunday, the central bank maintained its independence through external control over the price of the dollar and install it at one level.
Said Dagher in an interview I followed “Economy News”, “the central bank maintained its external independence through his control over the price of the dollar and install it at one level,” adding that “the central bank’s budget represents the balance of the monetary base, which local has become assets of the credit is equal to or greater than assets foreign and this is threatening the ability to extra lending. ”
Dagher warned “there is a significant threat to the monetary reality is foreign assets that represent the original in the creation of assets and reserves dinar,” noting that “local assets has become a big pressure should stop because the central device towards them is unable to continuity.”
Among Dagher that “the solution is to reform the reality of the border crossing points, which the government stopped shining in its implementation, because the border port settings means adjust the currency and information selling and financing import window,” adding that “the investment budget stalled three years ago, the inability of ministries to provide investment projects level the feasibility study for the benefit of foreign loans because of the lack of institutional controls in the country. ”
http://economy-news.net/content.php?id=8261

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s