Baghdad/ Anna'baa' news: Iraqi Central Bank of Iraq (CBI) Governor Ali al-Alaq disclosed that the internal debts reached to 48 trillion dinars, pointing that the Iraqi monetary policies is facing many challenges , including the deficit in the national budget and the payment balance.
In a seminar organized by al-Bayyan Center for Studies and Planning , he pointed that the CBI is continuing its initiatives to support the real economic sectors through agricultural, industrial and housing sectors.
He called to minimize the non-oil deficit through activating local revenues, control of expenditures and put lay out for operational expenses.
On the other hand, he pointed out that the decline of oil sales from 92 trillion dinars in 2015 to 42 trillion dinars in 2016 resulted in the increase in the national deficit.
He called to calculate the price of oil barrel by 40 dollars for the coming five years to minimize this deficit.
In addition he denied the charges against the CB I in corruption and money laundering and smuggling, calling to provide the proofs for such accusations.