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BatmaninIraq
12-13-2015, 01:12 PM
central bank reserves of hard currency to cover imports for six months

11/22/2015 11:22

Long-Presse / Baghdad
The governor of the Central Bank on the Keywords, on Sunday, that the bank has a reserve of hard currency within international standards, as pointed out that the reserve is sufficient to cover imports for six months to come.

Keywords and said during a press conference held at the Central Bank building (http://www.amazon.com/dp/B00G5SOIDG) and attended by the (long-Presse) that "the bank still has a reserve of hard currency within the international standards," stressing that "sufficient reserves to cover imports for six months to come."

Keywords He added that "our reserves of hard currency cover 1.7 of the money supply in dinars amounting to 39 trillion dinars," pointing out that "the reduction process in a natural reserve and if the reserve has not decreased, this thing we are concerned because the nature reserve to cover market needs, if not decreased how we cover the market ?. "

The Central Bank of Iraq denied on Tuesday (November 2015 17), the reports about the opening of an investigation the disappearance of ten billion dollars, while the newspaper, which reported the story to investigate the "great" student publication of such news.

The Central Bank of Iraq revealed on Saturday (16 May 2015), the bank reserve "has not and will not affect", in any way, noting that this month reserve is higher than its predecessor, while pointing out that Iraq if they remained dependent on oil resources basis as a source will remain "adversely affected and positively" with the rise and fall of oil prices.

It is noteworthy that the central bank confirmed, during the month of January 2015, that the reserves will exceed the $ 80 billion during the first half of the same year, but will not reach $ 100 billion due to weak retail Iraqi oil revenues and through which access to the dollar to strengthen reserves.