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CBI: High cash reserves to 68 billion dollars
6/20/2015
Khandan - announced on the Keywords, Governor of the Central Bank of Iraq, said that the money supply of the dollar reserves rose to $ 68 billion, compared to the end of last year as it recorded $ 66 billion, stressing that the bank has taken a series of measures leading to the control of the dinar exchange deterioration
Keywords and said, during a press conference, that "the money supply of the dollar reserves at the Central Bank stood at $ 68 billion, while the local currency reserves amounted to 400 trillion Iraqi dinars," noting that "the dollar reserves rose from the end of last year by two billion dollars."
Keywords explained that "what happened from the high of the dollar against the Iraqi dinar in one day is a procedure is normal, and can not charge anyone or bank, and perhaps competent in organized crime security services are concerned to determine these authorities," adding that "the central bank is not point of intelligence is able to determine that there were behind the deterioration of the exchange rate political views. "
On the other hand, Keywords added that "many factors influenced the rise in the dollar exchange rate against the dinar, including increasing the volume of imports, and the migration of capital to the private sector, through the realization of profits and turn them into foreign investments in other countries."
He also noted that "the Iraqi Central Bank independent administratively, but is influenced by some of the statements that launches of some politicians," noting that "the central bank when he agreed to add 8% of taxes and customs on the financial bloc, came to help the government in maximizing revenue, because of problems in imposed at border ports as a result of the corruption of the security situation. "
And it abolished the economic crisis cell in the Iraqi government headed by Prime Minister Haider al-Abadi, which, last Thursday to impose 8% of taxes and customs on cash transfers in an effort to stop the deterioration of the dinar exchange rate against the dollar.
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6/20/2015
Khandan - announced on the Keywords, Governor of the Central Bank of Iraq, said that the money supply of the dollar reserves rose to $ 68 billion, compared to the end of last year as it recorded $ 66 billion, stressing that the bank has taken a series of measures leading to the control of the dinar exchange deterioration
Keywords and said, during a press conference, that "the money supply of the dollar reserves at the Central Bank stood at $ 68 billion, while the local currency reserves amounted to 400 trillion Iraqi dinars," noting that "the dollar reserves rose from the end of last year by two billion dollars."
Keywords explained that "what happened from the high of the dollar against the Iraqi dinar in one day is a procedure is normal, and can not charge anyone or bank, and perhaps competent in organized crime security services are concerned to determine these authorities," adding that "the central bank is not point of intelligence is able to determine that there were behind the deterioration of the exchange rate political views. "
On the other hand, Keywords added that "many factors influenced the rise in the dollar exchange rate against the dinar, including increasing the volume of imports, and the migration of capital to the private sector, through the realization of profits and turn them into foreign investments in other countries."
He also noted that "the Iraqi Central Bank independent administratively, but is influenced by some of the statements that launches of some politicians," noting that "the central bank when he agreed to add 8% of taxes and customs on the financial bloc, came to help the government in maximizing revenue, because of problems in imposed at border ports as a result of the corruption of the security situation. "
And it abolished the economic crisis cell in the Iraqi government headed by Prime Minister Haider al-Abadi, which, last Thursday to impose 8% of taxes and customs on cash transfers in an effort to stop the deterioration of the dinar exchange rate against the dollar.
[You must be registered and logged in to see this link.]
