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Central Bank of Iraq: Iraq's reserves of hard currency is still great
– November 10, 2015
Baghdad-East November 10: The Central Bank of Iraq denied on Tuesday that a drop in oil prices, the impact of it, stressing that Iraq's reserves of hard currency is still great. The governor of the central bank acting on the Keywords in a statement that the decline in the dollar resources due to lower oil prices, but the reserves are still enough level, but much higher, according to international criteria and are the standard of the local currency cover the equivalent of foreign currency, and the ability of reserves to cover imports for 6 months . The relationships that the International Monetary Fund predicted at the beginning of 2015 and the arrival of the Iraqi Central Bank reserves to $ 40 billion at the end of the year, the Fund amended its forecast after months and estimated reserves of 50 billion dollars, "pointing out that" the central bank still expected according to the data and the actual indicators to be up to the reserve 60 billion. "
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– November 10, 2015
Baghdad-East November 10: The Central Bank of Iraq denied on Tuesday that a drop in oil prices, the impact of it, stressing that Iraq's reserves of hard currency is still great. The governor of the central bank acting on the Keywords in a statement that the decline in the dollar resources due to lower oil prices, but the reserves are still enough level, but much higher, according to international criteria and are the standard of the local currency cover the equivalent of foreign currency, and the ability of reserves to cover imports for 6 months . The relationships that the International Monetary Fund predicted at the beginning of 2015 and the arrival of the Iraqi Central Bank reserves to $ 40 billion at the end of the year, the Fund amended its forecast after months and estimated reserves of 50 billion dollars, "pointing out that" the central bank still expected according to the data and the actual indicators to be up to the reserve 60 billion. "
[You must be registered and logged in to see this link.]
