World Bank warns Iraqi government from interfering in the work of the CBI

Posted by on Mar 25, 2014 | Leave a Comment

The World Bank warned the Iraqi government from interfering in the work of the Central Bank
{Baghdad: Euphrates News} said Liberal MP from the parliamentary bloc Bahaa al-Araji, that the “international student Nabek reform policies and non-interference by the Iraqi government in the political CBI especially with regard to the subject of borrowing.”

He said al-Araji, said in a statement received by the Euphrates News Agency {} 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.”

 

and 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 former regime and led to the 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 through which Iraq this crisis.” The traders buy and sell the dollar criticized the way in which the Iraqi Central Bank to sell the dollar and according to opinion Some specialists in economic affairs, the CBI did not follow the policy foundations of the legal and monetary, financial and economic right in the process of selling the dollar, where the process of selling of the dollar must be carried out to bid, or at least selling price installer from the state.

For its part, says the speaker of the acts of the ladies in Iraq Amal Hussein that “Powered By IP.Board of problems and concerns are considered obstacles in front of the banking business, and especially the issue of granting licenses banking offices, while there is big money frozen in the Central Bank of Iraq, and must find solutions to the launch of these amounts must be determined period of time to take advantage of this money in the achievements of help to the advancement of reality the country’s economic. “

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