BAGHDAD / future Iraqi confirmed Global Center for Development Studies in London during the report issued by that Iraq is unable to take advantage of his money; because it does not have the budget for this year in the amount of approximately $ 119 billion U.S. but what turns it from proceeds from the sale of oil to the so-called "Development Fund for Iraq "'s International Monetary Fund (IMF). Agencies quoted news to report as saying: The economy of Iraq is suffering money laundering and corrupt financially and administratively in the joints of the current state and sharp fluctuations in the price of the Iraqi dinar exchange, reflected clearly on the living situation of Iraqis, and led to the loss of the country around $ 3 billion in just two months in the year past 2012. added that some window in the Maliki government current seek to take advantage of the surplus oil revenues to maximize their assets abroad. The Center said that the Iraqi Central Bank announced in August / August that its reserves of hard currency amounted to $ 67 billion, while Announces current Maliki government that preventive balances in the "Development Fund for Iraq," stood at $ 18 billion, while bank reserves of gold, has fallen by 20%, from about 39 tons in 2011 to 31 tons last year., as some accuse current bank management responsibility for disappearance of 10 tons of gold reserves, which Iraq needs a mechanism to enhance the value of the dinar in the global capital markets. stressed Global Center for Development Studies that Iraq can not benefit from the allocation of investment or financial surpluses only after instructing the International Monetary Fund to "Development Fund for Iraq" by turning it into Central Bank of Iraq. felt that the Maliki government current turned - because of its inability to take advantage of their money and their need for international protection from creditors - to almost a caretaker government to pay salaries only. concluded the center to the reality of confusion and chaos in the Iraqi economy and the spread of financial and administrative corruption requires a transparent in the accounts of funds "Development Fund for Iraq" in the U.S. Federal Bank. He believed that it is very important, especially with the loss of billions of dollars of Iraq's money in the earlier stages, and conflicting statements about the size of the amounts and reserves that are the property of the future generations of the Iraqi people.
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