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BatmaninIraq
07-10-2015, 02:26 AM
Maliki: the need to provide liquidity of the local currency to meet the needs of the Central Bank

Drafters stressed the economic and investment parliamentary member Abdel-Salam al-Maliki, said the central bank needed to provide liquidity of the local currency to the Ministry of Finance to cover the salaries of employees and retirees as well as the existence of a deliberate policy to keep the market price. The Federal Court overturned a number of the general budget items added by the House of Representatives especially relating to the sale of a ceiling currency from the central bank. Maliki said in a statement received “direction Press” a copy of it, that “the discretion of the parliamentary finance committee to add some material on the budget comes, according to certain estimates to stop the depletion of hard currency and to stop money laundering but were not successful step was deterring than positive,” adding, ” the recovery of the dinar exchange rate against the dollar after the elimination of the veto items of public finances of the country’s budget,

including the decision to cap the sale of foreign currency. ” The statement added that “the Federal Court to set aside a number of the general budget items added by the House of Representatives especially relating to the sale of a ceiling currency from the central bank is the right step and will contribute to the support of the local currency against the dollar He added that “any jurisprudence for whatever reasons in the conduct of the central bank measures if not objectively be studied from all aspects of the concerned authorities Vsaneks negatively on the economic and financial reality in the country which is what happened in the high exchange $ 100 price to more than 140 000 dinars at a time former “.

He explained that “those materials that have been revoked by the court there were opposing them on the day of the vote on the budget, but what happened that the majority overshadowed the logical opinion was passed, therefore, the step of the Federal Court to overturn those materials are constitutional, valid and will contribute to support the currency against the dollar.”