Attorney-Tai: the central bank has substantial financial reserves and can block the budget deficit (2012)

Baghdad (news) .. Between a member of the Economic Commission representative and the representative / National Alliance / Yusuf al-Tai, the central bank has the largest financial reserve in the history of Iraq, adding mightily to fill any deficit or a problem occur in the next budget.
said Tai in a statement to the Agency (news) on Saturday: Bank CBI has a financial reserve a large and beyond (60) billion dollars, that is the largest financial reserve Ojmah Central Bank of Iraq's history.
He pointed out: that this amount is too large and can state can refer to in the event of any shortfall, or financial problems in the next budget to meet the financial shortfall, giving defended large for the Iraqi economy in the future that is evolving and moving forward.
Ta'ee said: This large reserves will reflect positively on the exchange rate of the Iraqi dinar, which lead to a strengthening in the future, is certain: it will give the kind of credibility in dealing with the Iraqi currency if the I open Iraq economically with the most advanced countries.
He added that it will attract foreign investors and international companies sober for investment inside Iraq and in all sectors, which indicates that Iraq is the next Iraq, a major economic fact that the investment needed to monetary stability and that is what is provided by the Central Bank.
He had been warned by the Commission financial and parliamentary deputy / coalition in Iraq / Ahmed electrodes, from the government's borrowing from the Central Bank reserves to pay the budget deficit (2012) because it is a cover of the Iraqi currency of existing, likely that the budget (2012) will reach more than (112) trillion dinars.
The electrodes in an earlier statement (of the Agency news): The government can not be manipulated or borrow from the Central Bank reserves to fill budget deficit (2012) the fact that these amounts is the cover of the Iraqi currency of existing, indicating that the central bank an independent and not linked to the government can not be any point of the interfere in the affairs of his or manipulation Brshehadh. / Finished / 8.'s. meters /

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Thank you.

jj, way to go guy.. awesome find awesome find.. we are so close this says it all.. reserves to cover the exchange rate of the Iraq dinar.. love seeing even more confirmation...