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Warned specialize in regard financial and banking system of the use of the balance of central bank reserves of hard currency in economic development projects, comes at a time the central bank from higher reserves of hard currency it to $ 74 billion, and coincided with the devaluation of the local currency by 1127 dinars to the dollar in the local market.
stressed financial expert Farouk Ramadan that "reserves the central bank is the balance of generations, which is supportive of the country's economy, and has no relationship with volatile local currency."
he said in his speech to the extent that "the country depends on its economy on oil exports, only without the other aspects that is virtually parked such as industry, agriculture and other activities adopted by countries around the world and is expanding from which to support the reserves banking. "
explained "in terms of investment projects Vnsttia say that the country began to witness a renaissance mounting at the project level and work on monitoring the budget ambitious building and expansion in all areas" .
For his part, the financial expert contrary goldsmith that reserves Central represents the confidence of the international community and local levels and should not be thrown in the projects brook profit and loss.
said in his speech to the extent that "the cash reserve higher enhances the confidence of the international community and the local value of the local currency that it is based on evidence the ability of the economic activity of the country. "
and added, "these cash reserves should not be touched by the authority for purposes such as debt repayments in government institutions because it leads to shake the confidence of the international community and the local state." He stressed, "If what happened and forced the state to for reasons كالعجز in its budget for example, prefers ask government bonds to reduce the deficit, and of course the state will be obliged to pay the value of those bonds."
and between that it is possible to take advantage of cash reserves in case of optimal investment, which regulates additional funds equities in companies world for the purpose of development of these funds, but I think he would prefer at the moment to get away from such projects because they are not guaranteed. "
to that pointed head of the Finance Committee parliamentary Haider al-Abadi said in a statement followed the term to receive messages reassuring officials at the central bank to control the subject of volatility in the price of exchange, as well as their emphasis on the lack of seriousness on the dinar from the presence of a mass of large cash and bank officials have expressed great confidence strongly the central bank to attributes of the cash reserves of hard currency is estimated at $ 74 billion, pointing out that the problem is confined to the difference between supply and demand in Iraqi market for the dollar.
Meanwhile warned economic analyst gentle Abdul Salem Okkaily to lend part of the monetary reserves of the Central Bank in investment projects for the country because it would hurt the economy and the national currency. Ugaili said in an interview followed the Range: The increase in the balance of the Central Bank of hard currency to more of 74 billion dollars, will support the value of the Iraqi dinar and enhances the strength of the national economy. stressed that it can not use Bahtiat the central bank to finance any investment project in the country because it would affect the balance of the bank and thus hurt the economy and reduce the exchange rate of the dinar against international currencies.
revealed the source banker familiar with the size of central bank reserves of foreign currency has recorded the highest reserve him where it reached 74 billion U.S. dollars, noting that this confirms the ability of the central bank to continue its policy to cover the needs of the market of the dollar through currency auction daily and maintain the continued growth of reserves and development of cross- the areas of investment in a number of central banks and diversify its resources.
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stressed financial expert Farouk Ramadan that "reserves the central bank is the balance of generations, which is supportive of the country's economy, and has no relationship with volatile local currency."
he said in his speech to the extent that "the country depends on its economy on oil exports, only without the other aspects that is virtually parked such as industry, agriculture and other activities adopted by countries around the world and is expanding from which to support the reserves banking. "
explained "in terms of investment projects Vnsttia say that the country began to witness a renaissance mounting at the project level and work on monitoring the budget ambitious building and expansion in all areas" .
For his part, the financial expert contrary goldsmith that reserves Central represents the confidence of the international community and local levels and should not be thrown in the projects brook profit and loss.
said in his speech to the extent that "the cash reserve higher enhances the confidence of the international community and the local value of the local currency that it is based on evidence the ability of the economic activity of the country. "
and added, "these cash reserves should not be touched by the authority for purposes such as debt repayments in government institutions because it leads to shake the confidence of the international community and the local state." He stressed, "If what happened and forced the state to for reasons كالعجز in its budget for example, prefers ask government bonds to reduce the deficit, and of course the state will be obliged to pay the value of those bonds."
and between that it is possible to take advantage of cash reserves in case of optimal investment, which regulates additional funds equities in companies world for the purpose of development of these funds, but I think he would prefer at the moment to get away from such projects because they are not guaranteed. "
to that pointed head of the Finance Committee parliamentary Haider al-Abadi said in a statement followed the term to receive messages reassuring officials at the central bank to control the subject of volatility in the price of exchange, as well as their emphasis on the lack of seriousness on the dinar from the presence of a mass of large cash and bank officials have expressed great confidence strongly the central bank to attributes of the cash reserves of hard currency is estimated at $ 74 billion, pointing out that the problem is confined to the difference between supply and demand in Iraqi market for the dollar.
Meanwhile warned economic analyst gentle Abdul Salem Okkaily to lend part of the monetary reserves of the Central Bank in investment projects for the country because it would hurt the economy and the national currency. Ugaili said in an interview followed the Range: The increase in the balance of the Central Bank of hard currency to more of 74 billion dollars, will support the value of the Iraqi dinar and enhances the strength of the national economy. stressed that it can not use Bahtiat the central bank to finance any investment project in the country because it would affect the balance of the bank and thus hurt the economy and reduce the exchange rate of the dinar against international currencies.
revealed the source banker familiar with the size of central bank reserves of foreign currency has recorded the highest reserve him where it reached 74 billion U.S. dollars, noting that this confirms the ability of the central bank to continue its policy to cover the needs of the market of the dollar through currency auction daily and maintain the continued growth of reserves and development of cross- the areas of investment in a number of central banks and diversify its resources.
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