Sinan Al-Shabibi of baghdadia
The Central Bank of Iraq and institutions work better for the benefit of the country
Mr. Sinan Al-Shabibi-Governor of the Central Bank in his short article Suhail says that the Central Bank should invest 8%, I respond that the Central Bank's investments must be very conservative, there is no Central Bank in the world to invest in such investments, the Central Bank of the best Iraqi institutions have worked on debt issue and EMC software and make these programs for the benefit of Iraq.
Following the Central Bank achieved the stability of Al-Shabibi financial and monetary and payments for all goods you want to buy, all kinds of government stability and exchange rate, the Central Bank's primary objective is to maintain the stability of the exchange rate, but the Government did not take advantage of this stability in the operation of the country's development.
Al-Shabibi said there is no smuggling at the Central Bank, the case that they give $ take place 600, streamline the flow of funds is due to exchange rate stability, knowing that each Central Bank reserve deposits in central banks, rather than any serious, we didn't lose a penny from this reserve.
Finally, says Al-Shabibi Prime Minister wanted to borrow from the reserve to the issue of electricity in 2008 or 2009 and asked about our billion, last year requested a budget line to the effect of Central Bank financing of Government 5 billion and also maintain our reserves, our motivation has been the policy of the Central Bank until the last moment, and I don't know why expelled competencies ...