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Central bank: Iraqi reserves safely and Aguetradna IMF goal of reducing the budget deficit
13/5/2015
Baghdad
confirmed Governor of the Central Bank of Iraq on the Keywords that Iraq borrow from the International Monetary Fund is to support the state budget and reduce the deficit. He said in a press statement that "the amount that is expected by the International Monetary Fund and present it to the Iraq of borrowing door requires, among other issues Iraq must be submitted to facilitate access to such loans, similar to other countries to demonstrate that the country spends fiscal and monetary and economic real reforms encourage the International Monetary Fund that The grant of such loans feasible. " He pointed out that "Iraq for the international loan will strengthen the financial position in the credit score meaning that the confidence of States and international financial institutions in Iraq become a higher level." He explained Keywords that "the central bank for not perceived the value of the amount of 863 million dollars but because it puts us in a better trading level with the global financial states. "and that" the international loan paves the way for strengthening the global confidence of the Iraqi economy and brings us to a higher grade in other World Bank classification enables us to get more financial loans "And on the fate of the Iraqi reserves, the central bank governor said that" the current reserve is much more than $ 65 billion and is still at a high rate. "and that" the reserve rate is measured exporting currency locally. If the ratio of foreign currency in circulation and currency locally more than 100% means that the reserve status properly and insured "And on the lack of central bank deal with some banks , stressed Keywords that "violations of these banks is not to the bank instructions to adopt the conversion fees on deposit insurance from the merchants to the Ministry of Finance, which is the amount accumulated per day of operation dollar sale" .oavad that "during the past two days scrambled some banks to repay those amounts after ignoring earlier warnings central bank "
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13/5/2015
Baghdad
confirmed Governor of the Central Bank of Iraq on the Keywords that Iraq borrow from the International Monetary Fund is to support the state budget and reduce the deficit. He said in a press statement that "the amount that is expected by the International Monetary Fund and present it to the Iraq of borrowing door requires, among other issues Iraq must be submitted to facilitate access to such loans, similar to other countries to demonstrate that the country spends fiscal and monetary and economic real reforms encourage the International Monetary Fund that The grant of such loans feasible. " He pointed out that "Iraq for the international loan will strengthen the financial position in the credit score meaning that the confidence of States and international financial institutions in Iraq become a higher level." He explained Keywords that "the central bank for not perceived the value of the amount of 863 million dollars but because it puts us in a better trading level with the global financial states. "and that" the international loan paves the way for strengthening the global confidence of the Iraqi economy and brings us to a higher grade in other World Bank classification enables us to get more financial loans "And on the fate of the Iraqi reserves, the central bank governor said that" the current reserve is much more than $ 65 billion and is still at a high rate. "and that" the reserve rate is measured exporting currency locally. If the ratio of foreign currency in circulation and currency locally more than 100% means that the reserve status properly and insured "And on the lack of central bank deal with some banks , stressed Keywords that "violations of these banks is not to the bank instructions to adopt the conversion fees on deposit insurance from the merchants to the Ministry of Finance, which is the amount accumulated per day of operation dollar sale" .oavad that "during the past two days scrambled some banks to repay those amounts after ignoring earlier warnings central bank "
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