Fears of a Iraqi Dinar Collapse Due to Massive Bank Withdrawals
|June 23, 2014||Filled under Iraqi Dinar News|
Iraqi Dinar News –
Witnessing the Iraqi private banks and civil currently withdrawals huge depositors Iraqis because of the deteriorating conditions in the country amid fears of a collapse of the Iraqi dinar, along with the country’s economy in the absence of any role for the central bank to supplement these banks money or coordinating with them to meet the withdrawals this huge and its effects on economic security.
He told Iraqi bank, a senior government “writings” in a telephone interview from Baghdad that draws a huge and unexpected conduct of private banks billions of dinars at a time refrain Iraqi Central Bank to pump any money has to confront this serious situation which led to the suspension of some of those banks from work and inform Customers entry into force of Mugodoadtha of currency due to the failure of the Central supplying them with adequate funds to fulfill its obligations to its customers and depositors.
Source noted that over the situation worse is the mass migration of citizens from their home areas where battles and clashes between security forces and militants and their departure to the northern region of Kurdistan and some central and southern governorates In addition to leaving the others to neighboring countries and the consequent need for funds to meet their requirements pension pressing daily.
Accused the government source great head of the CBI of not heeding the dangers that threaten the Iraqi economy to collapse the result of unexpected sharp decline of the value of the dinar and has fallen seriously explaining that the bank’s management unbroken exactly what being reflected in the performance of the Iraqi banking have not been so far any contacts with the departments of private banks and private to discuss the situation and to address the risks facing the national economy.
Confirmed stop dealings central bank and failing to supplement the private banks billions of dinars and dollars that you need in these difficult circumstances that Iraqis face.
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