Iraq Business

Parliamentary finance is about to reduce the sale of the dollar in the auction currency to 100 million a day

A source in the Parliamentary Finance Committee revealed a large financial waste in the sale of the dollar in the Central Bank of Iraq.

The source said that “the Finance Committee will work during the next few days to open the file auction currency in order to codify the waste in the sale of hard currency,” noting that: “It is unreasonable that the bank sells more than 300 million dollars a day without it reflected on services and imports Customs and taxes to maintain the exchange rate, which caused great damage to the Iraqi economy and its inputs through which are compensated state budgets.”

He said: “The Finance Committee is taking urgent measures to reduce the sale of the Central Bank of hard currency to about 100 million dollars a day instead of 300 million, through the imposition of strict control to reduce the waste of public money.

Source: The Baghdad Post