By John Lee.
The Acting Central Bank Governor, Abdul-Basit Turki, has told Reuters that Iraq’s economy should grow 9 percent this year, as it increases its oil production.
He also predicted international currency reserves of between $105 billion and $110 billion by the end of this year.
Central Bank predictions for last year were for growth of around 10 percent, and reserves at the end of December of around $70 billion.
I would not trust any comments/predictions coming from the Acting Govenor. There is a blatent conflict of interest as he his simultaneously the head of the country's Supreme Audit Board.
He came up with a report in september 2012 that was full of loopholes on the central bank currency auctions . To such an extent that he refused to comment it when asked to.