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Conscious Central Bank: reserve the largest rates of good reserves of foreign currency
18/01/2015
The Central Bank of Iraq, said Sunday that the Reserve Bank is one of the best reserves in the world, while he covers the currency by half, between the financial crisis afflicting Iraq are resolved to restructure the economy and diversification of sources.
The Bank said in a statement obtained by the relationship between(Iraqi news agency/INA) that "the Bank maintains the largest rates of good reserves of hard currency in the world compared to the money supply in circulation", noting that "these reserves still cover the money supply by time and a half".
He said that "reserves change daily depending on oil exports as the dollar comes from these exports, in addition to the coverage of imports that are variable elements", stating that "Iraq today faces a financial crisis resolved through topical solutions, such as internal and external loans, while long-term solutions by reviewing the structure of the economy through the budgeting and expenditure rationalization and diversification of income sources and attracting foreign capital."
"The financial institutions which could support the budget deficit cannot be high levels."
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18/01/2015
The Central Bank of Iraq, said Sunday that the Reserve Bank is one of the best reserves in the world, while he covers the currency by half, between the financial crisis afflicting Iraq are resolved to restructure the economy and diversification of sources.
The Bank said in a statement obtained by the relationship between(Iraqi news agency/INA) that "the Bank maintains the largest rates of good reserves of hard currency in the world compared to the money supply in circulation", noting that "these reserves still cover the money supply by time and a half".
He said that "reserves change daily depending on oil exports as the dollar comes from these exports, in addition to the coverage of imports that are variable elements", stating that "Iraq today faces a financial crisis resolved through topical solutions, such as internal and external loans, while long-term solutions by reviewing the structure of the economy through the budgeting and expenditure rationalization and diversification of income sources and attracting foreign capital."
"The financial institutions which could support the budget deficit cannot be high levels."
[You must be registered and logged in to see this link.]
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