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*****Central Bank: The dollar increase in reserves healthy evidence dinar*****
05.09.2011
Nabil al-Haidari
*****Iraqi Central Bank announced that Iraq's reserves of hard currency***** rose to $ 58 billion after the $ 50 billion last year-end 2010. *****
And Advisor to the Governor the Central Bank of the appearance of Mohammed Saleh said that***** the bank was able during the last period***** to maintain market stability and curb high inflation *****that existed during the periods of the past,***** stressing that the bank will continue to raise hard currency reserves ******to achieve the rate of exchange acceptable to the Iraqi dinar***** against other currencies,***** according to Saleh during his interview with Radio Iraq Free. *****
Counsel explained that this reserve is the result of inflows of foreign currency to Iraq and replace part of the budget resources in Iraqi dinars to the fact that the central bank is the issuing authority and the cash that it meets all dinars issued by the amount of hard currency reserves of the Bank's foreign currency>.
Central Bank defines as a public institution, but with financial and administrative independence, and his duties to maintain monetary stability in the country and the stability of the currency exchange rate, an optimal level of cash reserves and keep the country from foreign currency, gold, bonds and other.
The Finance Committee of the House of Representatives objected to the inclusion in the draft budget bill for 2011 the government the power to borrow from the central bank as it is against the law of financial management as a member of the Finance Committee Rep. Najiba Bamarni Speaking to Radio Free Iraq.
To emphasize that the economic expert Hala Taan that Central Bank reserves should be equal to the expenses of the state budget to be the Iraqi dinar in the safety of the currency fluctuation, according to Miller
Characterized the Iraqi economy by adopting the large on imports from oil exports, which account for more than 90% of its income, to the attention of the central bank adviser appearance of Mohammed Saleh said Iraq does not receive external financial flows of Iraqi workers abroad, as do their counterparts in other countries in addition to the lack of the presence of large foreign investment companies operating in Iraq, the Chancellor assured the benefit of its citizens to confirm that the increase in e central bank reserves of hard currency will reflect positively on the value of Aldenarabraghi.
It is said that the Iraqi Central Bank has been to hold daily sessions for the sale and purchase of foreign currency with the participation of Iraqi banks, and sales are either cash or the form of remittances to the sold abroad in return for a commission of certain ..
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05.09.2011
Nabil al-Haidari
*****Iraqi Central Bank announced that Iraq's reserves of hard currency***** rose to $ 58 billion after the $ 50 billion last year-end 2010. *****
And Advisor to the Governor the Central Bank of the appearance of Mohammed Saleh said that***** the bank was able during the last period***** to maintain market stability and curb high inflation *****that existed during the periods of the past,***** stressing that the bank will continue to raise hard currency reserves ******to achieve the rate of exchange acceptable to the Iraqi dinar***** against other currencies,***** according to Saleh during his interview with Radio Iraq Free. *****
Counsel explained that this reserve is the result of inflows of foreign currency to Iraq and replace part of the budget resources in Iraqi dinars to the fact that the central bank is the issuing authority and the cash that it meets all dinars issued by the amount of hard currency reserves of the Bank's foreign currency>.
Central Bank defines as a public institution, but with financial and administrative independence, and his duties to maintain monetary stability in the country and the stability of the currency exchange rate, an optimal level of cash reserves and keep the country from foreign currency, gold, bonds and other.
The Finance Committee of the House of Representatives objected to the inclusion in the draft budget bill for 2011 the government the power to borrow from the central bank as it is against the law of financial management as a member of the Finance Committee Rep. Najiba Bamarni Speaking to Radio Free Iraq.
To emphasize that the economic expert Hala Taan that Central Bank reserves should be equal to the expenses of the state budget to be the Iraqi dinar in the safety of the currency fluctuation, according to Miller
Characterized the Iraqi economy by adopting the large on imports from oil exports, which account for more than 90% of its income, to the attention of the central bank adviser appearance of Mohammed Saleh said Iraq does not receive external financial flows of Iraqi workers abroad, as do their counterparts in other countries in addition to the lack of the presence of large foreign investment companies operating in Iraq, the Chancellor assured the benefit of its citizens to confirm that the increase in e central bank reserves of hard currency will reflect positively on the value of Aldenarabraghi.
It is said that the Iraqi Central Bank has been to hold daily sessions for the sale and purchase of foreign currency with the participation of Iraqi banks, and sales are either cash or the form of remittances to the sold abroad in return for a commission of certain ..
[You must be registered and logged in to see this link.]
