Central Bank of Iraq Refutes Claims of Currency Mismanagement
In an official rebuttal to circulating allegations, the Central Bank of Iraq has categorically denied the disappearance and smuggling of large volumes of its local currency. The bank, in its statement, clarified that the production of the Iraqi currency aligns strictly with the needs of the national economy, adhering to stringent standards.
Discrediting Baseless Accusations
The Central Bank has expressed its readiness to legally challenge any entity that propounds these accusations without substantial evidence. This strong stance taken by the bank is a clear message to all parties involved, emphasizing the importance of substantiating any claims with proof before making them public.
Reconstruction Bonds and Monetary Security
The Central Bank, while addressing these concerns, also underscored its recent issuance of reconstruction bonds, which were completely sold out. This issuance was conducted to cater to the financial requirements of the Ministry of Finance. This move, along with the bank’s steadfast commitment to sound monetary policies and procedures, serves to reassure the public and stakeholders about the well-regulated and secure management of the Iraqi currency.
Political Diplomacy and Public Sentiment
Alongside these economic matters, Representative Waad Al-Qaddo emphasized the need for the American embassy in Baghdad to respect international covenants and conventions. His comments underline the growing sentiment among Iraqis that foreign entities should not act as the defenders of the Iraqi people. Al-Qaddo also hinted at the involvement of several parties with motives behind previous and current incidents targeting the embassy, indicating a complex political landscape.
https://bnn.network/finance-nav/central-bank-of-iraq-refutes-claims-of-currency-mismanagement/
No comments:
Post a Comment