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Finance: low Central Bank reserves won't affect the economy
: 2015-09-12
Baghdad/...
The parliamentary Finance Committee member belittled Masood Haider, Saturday, the importance of low Central Bank reserves of foreign currency.
He said Masood Hyder, Deputy Committee member agency/information/the "wrong policies were behind the decline in Central Bank reserves of hard currency.
"The decline in reserves to 60 billion dollars to 68 billion dollars not only threatens the economy or strength as stock for the long run not for real time trading within the financial system", stating that "there is a reservation to some actions of the Central Bank on the currency market" sales.
Haider noted that "there are discussions ongoing dialogues in this regard and we are working in earnest to find ways to maintain exchange rate without drain hard currency." Finished/25 p
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: 2015-09-12
Baghdad/...
The parliamentary Finance Committee member belittled Masood Haider, Saturday, the importance of low Central Bank reserves of foreign currency.
He said Masood Hyder, Deputy Committee member agency/information/the "wrong policies were behind the decline in Central Bank reserves of hard currency.
"The decline in reserves to 60 billion dollars to 68 billion dollars not only threatens the economy or strength as stock for the long run not for real time trading within the financial system", stating that "there is a reservation to some actions of the Central Bank on the currency market" sales.
Haider noted that "there are discussions ongoing dialogues in this regard and we are working in earnest to find ways to maintain exchange rate without drain hard currency." Finished/25 p
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