The Central Bank reveals an agreement to approve the budget and defend the currency auction
Editorial date: 2019/1/23 7:40 • 170 times read
(Baghdad: Al-Furat News) The Central Bank of Iraq, an agreement to approve the draft financial budget for the year 2019.
"The budget will be approved because most of the points of contention have been agreed," Central Bank adviser Walid Abdul Nabi told AFP.
"The bank prohibits the exploitation of any customer account and the bank is responsible for compensating for any damage," he added.
"As a central bank through the sanctions committee, we rely on four rules to limit these crimes," he said.
Abdul Nabi pointed out that "the Central Bank through the sanctions committee includes specialists in the departments of the bank," pointing out that
"the Committee imposed fines amounted to 566 billion Iraqi dinars in respect of the Bank of Baghdad and fines imposed on him for various purposes, including the lack of full documentation and the bank exploited to customers bear All the results and fines imposed on customers."
He explained that "imports are covered either by a transfer or a document that is an international transaction and the right of all exploiters to account for the bank," revealing
"we have more than 760 call on banks to guarantee the rights of customers."
He stressed that "the Central Bank is not affiliated with the Ministry of Finance and is not bound by the decisions of the Inspector General of the Ministry."
Abdel-Nabi defended the "daily auction of the central bank, which is selling between 100 to 150 million dollars," noting that
"the central bank helped the private sector through this auction."
"The Iraqi economy was meeting the requirements of the ministries of trade, health, industry and agriculture, but no amount was allocated to the private sector."
The central bank adviser expressed his "astonishment at how the Central Bank's documents reached the satellite channels and the media," stressing that
"the Central Bank can not be used for political purposes because it does not deal with individuals."
"The bank is an institution founded by fighting Iraqis and defaming them is not true," he said, denying that there were pressures on the bank.
"The Central Bank noted that the percentage of financial coverage of banks is 11% and increased by 100% and was treated 22% in the settlement of salaries and can be an individual loan easy," noting that
"the subject of ironing card for any company aimed at profit and can The first stage is high but decreases in the rest of the stages."