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Thread: March 2020

  1. #11
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    The central bank clarifies about news of the printing of the currency[/size]
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    Economie
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    2020-03-29 | 06:58
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    [size=18]The Central Bank of Iraq issued, today, Sunday, an explanation regarding what is being circulated by news of the possibility of printing an Iraqi currency to "avoid" economic problems.

    He said, "An authorized source" in the bank, according to a statement received by Alsumaria News, that "printing Iraqi banknotes is a routine technical procedure practiced by the central bank according to the requirements of cash circulation, and that printing the banknotes is a completely separate process from the cash issuance process."

  2. #12
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    Victory Coalition: the option of printing the currency is destructive to the economy and Parliament must hold the government accountable
    3/28/2020 14:32

    Victory Coalition - the option of printing the currency is destructive to the economy and Parliament must hold the government accountable[Baghdad-Ain] The
    victory coalition confirmed, on Saturday, that the option of printing the currency is devastating to the economy, stressing that Parliament should hold the government accountable.
    A member of the Victory Ali Al-Sunaid coalition said in a press statement that “the options revealed by the head of the Follow-up Cell in the Prime Minister’s Office yesterday, Friday, are catastrophic options for the state’s financial, economic and social security.” He called on Parliament to “hold the current government accountable for its reckless spending policies and misuse.” Authority to manage public interests. ”
    He added, “This government inherited a cash surplus from the Abadi government, which fought wars of liberation and unity with the lowest financial budgets. However, with rational management of wealth, it managed to hand over 14 billion dollars to the government of Abdul-Mahdi, in addition to the 2019 budget, but it was wasted, and today we are on the cusp of A stifling financial crisis due to the deterioration of oil prices. ”
    And Sunaid added that “what the head of the follow-up cell mentioned is dangerous and puts the government in front of legal and political accountability, saying that the state of the state will be affected starting next month (including the salaries of employees), which may prompt Iraq to print the currency as a last option, something that threatens the state of the whole state, and not It must be covered politically and conclusively by the beneficiaries at the expense of the country and the citizen. ”
    He pointed out that “the coalition of victory has always warned against the policies of waste, corruption and theft of wealth, the last of which was its warning on 10 March last,” calling for “a rapid recovery of the crisis and the development of valid and decisive solutions to ensure the state’s financial and economic security.”

    alliraqnews.com

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