Attorney Al-yasseri holds the Central Bank responsible for leaving Iraqi assets frozen in banks
Saturday, 14-04-2012 12: 09 pm
Baghdad (newsletter): Get Member Finance Committee/National Alliance Deputy/Abdul Hussein Al-yasseri, Central Bank of Iraq for its failure to invest the money deposited in banks, although the country urgently needs to implement investment projects and services.
He said Al-yasseri (News Agency news) on Saturday: Central Bank great responsibility not to exploit Iraqi assets frozen in banks of more than 62 billion dollars, invested correctly ensures significant financial resources to the State through tapped in implementation of investment projects and services, it will be a lot of problems afflicting the Iraqi citizen as electricity, housing and others.
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He added: we must invest those funds and meet the requirements of the country wondering what benefit freeze such funds by the Central Bank of Iraq in the world banks without moving and investing to serve the country.
Attorney Al-yasseri said: the Central Bank of Iraq take advantage of government guidance in developing future plans and employment monetary policy as the implementer must be referenced and coordinate with the State in all matters, and invitations are not supported so it wrong.
The Central Bank of Iraq had said earlier about having a financial reserve of foreign currency estimated at 65 billion dollars reserved for contingencies that might occur in the country, plus it is financially cover domestic currency cannot dispose of.