Economist criticizes the central bank and warns of the imminent collapse of the currency
8/10/2018

Economist Hussein al-Henin, on Friday, criticized the Central Bank of raising data on Iraq’s reserve of the dollar on its website, warning of the collapse of the currency soon.

Al-Henin said that "the recent Central Bank of Iraq action to raise the data of Iraq’s reserve of the dollar on the bank’s website, evidence of lack of transparency among its employees with public opinion."

He added that "the reserve of hard currency is the cash cover of the Iraqi currency, and must be at a level equivalent to the Iraqi monetary bloc or higher."

"This measure also indicates that the reserve has reached very dangerous levels, which means it could lead to the collapse of the currency and economy in Iraq soon," he said.

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