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View Full Version : CB Governor: Bank reserves sufficient to cover next year's budget ceiling



Hue Mi
07-03-2013, 07:04 PM
The Governor of the Central Bank: the Bank reserves sufficient to cover next year's budget ceiling (http://ar.radionawa.com/(X(1)A(2fa5paOuzgEkAAAAYzllOWI0N2UtOWRlZS00MzZhLWE 1NDYtMDRiOWNlOTk3ODg5TQ6pphcuiyJq0xnbIuACDbRqZ9k1) )/Detail.aspx?id=70046&LinkID=197)

http://ar.radionawa.com/(X(1)A(2fa5paOuzgEkAAAAYzllOWI0N2UtOWRlZS00MzZhLWE 1NDYtMDRiOWNlOTk3ODg5TQ6pphcuiyJq0xnbIuACDbRqZ9k1) )/Img/News/%D8%B9%D8%A8%D8%AF%20%D8%A7%D9%84%D8%A8%D8%A7%D8%B 3%D8%B7%20%D8%AA%D8%B1%D9%83%D9%8A%20-%201.jpg

Central Bank Governor Abdul Basit Turki, Wednesday, that the Bank has sufficient reserves to cover the State budget be increased through the roof next year, noting that the Bank's gold reserve is not affected by changes in the global market.

Turkish said in an interview for "alsumaria news", on the sidelines of his visit to Karbala for the opening of the House, "the Central Bank's reserves are sufficient to cover the expenses of the Iraqi State in case the ceiling rose in the next year, the Bloc's reason to" strong reserves and ongoing income of the Bank.

The Turkish currency figures lifted project is delayed due to circumstances affecting the country, noting that the Bank's gold reserve is not affected by changes in the global market, it would be a big supporter of the Iraqi currency.

Reads: 62 Wednesday, July 03, 2013

dinar_dude
07-04-2013, 10:13 PM
This is wonderful news considering that nearly half of the budget goes into the pockets of corrupt politicians. Maybe Turki is making the gold reserves available for pilfering as well.