View Full Version : CBI Iraq has the hard currency enough to cover imports only six months

01-18-2016, 01:49 PM

Governor of the Central Bank announced, Monday, that Iraq has the hard currency enough to cover imports only six months, while the central bank plans to issue international bonds two billion dollars, during the current year 2016.
[rtl]The governor of the Central Bank on the Keywords in a statement to the newspaper "Morocco today," seen by "Sky Press," that Iraq possessed of hard currency enough to cover imports only six months, pointing to "intensify efforts towards borrowing from international institutions to bridge the fiscal deficit.

He assured the Governor of the Central Bank of the citizens of the lack of fear of the rise in the dollar's exchange rate against the Iraqi dinar "revealing" Ask a local bonds worth $ 5 billion to provide liquidity to the state.
"The central bank has foreign currency is the weakness of the local currency in the market, and what happened in the past few days indicates that these attempts involve the kind of speculation and profit-taking, and may also involve other goals I do not want to enter into details; because this increase is certainly within the indicators it is natural, but you referred for the withstand central bank policy certainly both, which is an emergency on the market.
He said the "local currency derives its strength from the reserve of foreign currency, and how much you can last that covers local"

He stressed Keywords: "We can respond to the request of the dollar, no matter how its size, and there are no fears of the impact of the exchange rate," adding that "the financial reserves of the Central Bank is the number variable and the day of the limits of $ 68 billion and the size of the money supply of the dinar 40 trillion dinars."