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Keywords: central bank reserves of the best reserves in the world and covers the currency and a half times
January 18, 2015, 15:56
BAGHDAD - ((eighth day))
The Central Bank of Iraq, Sunday, that the bank reserves is one of the best reserves in the world, and while he noted covers currency and a half times, said the financial crisis that has plagued Iraq is resolved in the structuring of the economy and diversify sources.
The governor of the bank on the Keywords in an interview for a number of media, including "," The Bank retains the highest rates of good reserves of hard currency in the world compared to the money supply. "
He pointed out that "these reserves are still the currency bloc cover and a half times."
He added that the relationship "reserves are changing on a daily basis depending on oil exports as the dollar comes from these exports, in addition to the coverage of imports which are variable elements."
Noting that "what Iraq faces today from a financial crisis resolved through utensils solutions for internal and external such as loans, while the long-term solutions through a review of the restructuring of the economy through the budget preparation and rationalize spending and diversification of income sources and attract foreign capital."
"The financial institutions that can support can not plug in the budget that are at high levels."
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January 18, 2015, 15:56
BAGHDAD - ((eighth day))
The Central Bank of Iraq, Sunday, that the bank reserves is one of the best reserves in the world, and while he noted covers currency and a half times, said the financial crisis that has plagued Iraq is resolved in the structuring of the economy and diversify sources.
The governor of the bank on the Keywords in an interview for a number of media, including "," The Bank retains the highest rates of good reserves of hard currency in the world compared to the money supply. "
He pointed out that "these reserves are still the currency bloc cover and a half times."
He added that the relationship "reserves are changing on a daily basis depending on oil exports as the dollar comes from these exports, in addition to the coverage of imports which are variable elements."
Noting that "what Iraq faces today from a financial crisis resolved through utensils solutions for internal and external such as loans, while the long-term solutions through a review of the restructuring of the economy through the budget preparation and rationalize spending and diversification of income sources and attract foreign capital."
"The financial institutions that can support can not plug in the budget that are at high levels."
[You must be registered and logged in to see this link.]
