Thursday, December 12, 2024

BETWEEN FINANCE PURCHASES AND CENTRAL BANK SALES… DISCLOSING A $10 BILLION DIFFERENCE WITH COMMENTS OF MNT GOAT, 13 DEC

 BETWEEN FINANCE PURCHASES AND CENTRAL BANK SALES… DISCLOSING A $10 BILLION DIFFERENCE

Where did it go?  

A specialist revealed a difference of nearly 10 billion dollars between the Central Bank of Iraq’s sales and the Ministry of Finance’s purchases over the past 11 months.

Financial expert Ali Daadoush pointed out that there is a difference of (10) billion dollars in purchases from the Ministry of Finance compared to sales from the Central Bank of Iraq.

Daadoush said, in an interview with Al-Jabal, that “the Central Bank of Iraq sells the dollar through its window for about 72.385 billion dollars until November 2024, compared to purchases from the Ministry of Finance for about 62.435 billion dollars for the same period, and this means there is a difference of (10) billion dollars,” stressing the need to disclose the money “Where did it go and what is its fate?”

Daadoush explained that “the result is a decrease in the official reserves of the Central Bank, which amounted to nearly 106 billion dollars, according to data from the Central Bank of Iraq.”

He added: “But the important question is what about the year 2025 and the continued reliance on oil revenues under the new US administration and the possibility of intervening in the international oil market in various ways and means. This means that the Iraqi economic and financial situation will be in danger and unknown.”

Earlier, MP Sarwa Abdul Wahid called for the formation of a parliamentary committee to present its results to the House of Representatives regarding the difference in the budget tables, which amounts to 10 billion dollar or 8 trillion dinars.

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