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Abadi warns Iraq reserve runs out of hard currency

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http://almaalomah.info/2017/03/07/economic/136407

Abadi warns Iraq reserve runs out of hard currency

Date: 09:18 2017/03/07
http://i0.wp.com/almaalomah.info/wp-content/uploads/2017/01/20170128_105136.jpg
Information/Baghdad.


The parliamentary Finance Committee member, warned Zahir Abadi, Tuesday, against the wrong policies in the process of lowering the dollar prices of local markets, noting that speculation in the currency market leads to depletion of Iraq reserve of hard currency.

Ibadi said in a statement/information/, that "financial mafias supported by influential political parties still in control of a dollar in the Central Bank despite the tired new measures."

He added that "Iraq is suffering from a major financial crisis and cannot be ignored by non-superficial processors capable of putting an end to corruption in the country."

Abbadi noted that "financial stocks for the country of hard currency comparable to run out so recently arrived about 49 billion dollars if the greenback without clear study and preservation strategy that currency smuggling abroad."
Finished/08s

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