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CNN. Broadcasting From The Abyss - Send Beer ! Parliamentary Finance: dinar exchange rate falls and the economy is heading into the abyss - FEBRUARY 12, 2014 BAGHDAD - just Kazim Adds the House of Representatives today's central bank governor agency Abdel Basset Turki amid dissatisfaction with the committees of Finance and Economy of the parliamentary performance of his administration. As an economist attributed the deterioration of the economy to political interference. A member of the parliamentary Finance Committee Magda Abdel-Latif al-Tamimi (time) that (the House of Representatives Asif in its day Turkish response to the Committee's request after he expressed displeasure of the performance management of the central driving the local economy into the abyss and the continuing decline in the value of the dinar against the dollar as well as the low level of style Managing the bank, which is unsatisfactory for the financial and economic committees). She added that the (Turkish administration of the bank being illegally occupies three positions and travels outside the country for more than three weeks a month and positions which are community holds the governor and the head of the Central Board of Supreme Audit and a member of the Committee for International Economics). She said Tamimi (request Altadhaev assuming Turkish by more than 4 months has not met we always sends a substitute for it as well as he refuses to control the parliamentary committees it has refused their requests and most rejected applications is to provide the Committee Pallaivadat Foreign enjoyed by the Minister and the money spent on this Alaivadat) . accused a member of the Committee of Economy parliamentary MP Aziz Shareef al-Mayahi Bank to take measures intended to demolish the domestic economy and said Mayahi in a statement yesterday that we (we warned earlier of the danger of the bank's decision requiring the banks to deposit all their money in the bank as a condition for entry into the auction to buy the currency, where it began the results of this decision reflected clearly on the rise in the dollar exchange rate suspiciously). He said (the bank did not provide any justification logical for this decision parallels the damage experienced by the dinar against the dollar and this is reflected heavily on the local market, traders and banks work alike and will impact in the event of continuing this policy in the near term profiteers citizen). He Mayahi that (the bank's decision either he is not thoughtful or aims to hit the local currency market to serve the parties taking advantage of the Anarafha all this whole enter the door of the destruction of the economy). For his part, economic expert Majid picture of (time) yesterday that the (political interference is the main reason for the deterioration of the economy and the local currency despite attempts by the central bank to maintain the level of exchange appropriate). adding that the (central succeeded in imposing economic stability in the country through its customary procedure and also serves to draw economic and monetary policy, despite some mistakes, but the political interference and the policy of the government is the reason In the economic downturn). He explained that the picture (there are compulsory reserves each bank where the deposit 10 percent of the deposits at the Central Bank, and 5 percent in its stores for the purpose of liquidity). He pointed out that (the absence of economic policy led to the work of financial institutions individually randomized to take crucial decisions). http://www.azzaman.com/?p=61634