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CBE Iraq's reserves of foreign currency
Deputy Governor of the Central Bank of the appearance of Mohammed Saleh, "The central bank's reserves of foreign currency amounted to $ 60 billion for the first time in the history of Iraq," noting "Alsumaria News", that "reserves the highest previously recorded year-end 2010 and arrived in time to 50 billion dollars,
With marked the beginning of September of the year 2011, up reserves reached $ 58 billion. "Saleh added that" high reserves would strengthen the value of the Iraqi currency, "adding that" the higher central bank reserves will increase confidence in local currency and increases stability. "Saleh indicated that the "Reserves strong hard currency makes bank is able to curb inflation in the moments when it arrived in inflation to two places decimal places," asserting that "the Bank was able during the month of January of last year to reduce inflation to 3% to rise gradually to about 7% in last August to return to again decline to less than 6% through the end of last year.
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Deputy Governor of the Central Bank of the appearance of Mohammed Saleh, "The central bank's reserves of foreign currency amounted to $ 60 billion for the first time in the history of Iraq," noting "Alsumaria News", that "reserves the highest previously recorded year-end 2010 and arrived in time to 50 billion dollars,
With marked the beginning of September of the year 2011, up reserves reached $ 58 billion. "Saleh added that" high reserves would strengthen the value of the Iraqi currency, "adding that" the higher central bank reserves will increase confidence in local currency and increases stability. "Saleh indicated that the "Reserves strong hard currency makes bank is able to curb inflation in the moments when it arrived in inflation to two places decimal places," asserting that "the Bank was able during the month of January of last year to reduce inflation to 3% to rise gradually to about 7% in last August to return to again decline to less than 6% through the end of last year.
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