Parliamentary Finance reveal the central bank 's reserves fell to less than $ 50 bill

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Parliamentary Finance reveal the central bank 's reserves fell to less than $ 50 billion


09/20/2016 (0:01 pm) - The number of readings: 182


Baghdad / pro-Kanani term

Finance Committee in the House of Representatives revealed, on Monday, the central bank reserves decreased to less than $ 50 billion, and while confirming that the central bank does not talk about reserves "for fear of creating new crises", she pointed out thatthe government has turned to internal borrowing from a bank Rafidain and Rasheed, "without return these funds, as announced, the World gold Council, that Iraq was ranked 37th by gold reserves of 100 state reserves amounted to 89.9 tons, revealed that its gold reserves accounted for 7.1% of its reserves of foreign currency.

He said the Parliamentary Finance Committee member Hossam punitive in an interview with (long-Presse), said that "the amount of the Iraqi Central Bank reserves reached to below $ 50 billion," noting that "the central bank does not talk about the size of reserves for fear of creating a new crisis."

He punitive, "The Iraqi government headed domestic borrowing by government banks and private bank Rafidain and Rasheed during the years 2015 and 2016, estimated at $ 15 billion without the return of these funds with the benefits of the two banks."

The governor of the central bank on the Keywords confirmed, on Sunday (11 September 2016), Iraq's commitment to the pledges made to the International Monetary Fund Ptoukatadtha specific, especially as it is consistent with the orientations and objectives, noting thatthe Fund was surprised to be Iraq's reserves of foreign currency more than forecast about ten billion dollars.

The Governor of the Central Bank and the Agency on the Keywords confirmed, on Tuesday (21 June 2016), thatIraq's reserves of foreign currency of $ 53 billion, and with the exception that it is in line with international standards and regulations of the International Monetary Fund, hold the House of Representatives and the government responsible for the low reserve Msadegthma because of the financial budget in deficit.

In a related development, the World Gold Council, declared that Iraq was ranked 37th by gold reserves of 100 state reserves amounted to 89.9 tons, as revealed that its gold reserves accounted for 7.1% of its reserves of foreign currency, he pointed out that Iraq did not buy gold since April from 2014 in which 15.16 tonnes bought.

World Gold Council said in a statement reported by his website and I followed the "long", said that "Iraq's reserves of gold remained stable and did not change, reaching 89.9 tons," pointing out that "this amount represents 7.1% of its reserves of foreign currency, after it had been representing 4.6 % during the month of January. "

He said the Council, that "Iraq did not buy gold since last buy him in April 2014 in which 15.16 tonnes bought," noting that "Iraq was ranked 37 out of 100 countries possess reserves of gold have been inserted into a global central bank reserve report."

The World Gold Council has revealed, in January 2016, that Iraq had gold reserves of 89.8 tons, slipping from 2014, during which amounted to about 90 tons, and as he emphasized that it represents 4.6% of its reserves of foreign currency, pointed out that Iraq is ranked 37th among 100 countries, which has reserves of gold.
The CBI had announced in April 2014, the arrival of gold reserves to 90 tonnes to support the value of the Iraqi dinar, noting that it contributes to the strengthening of the national economy.

The CBI had announced in March 2014, to buy 36 tons of pure gold to raise its capacity backup, he returned it aims to achieve "the highest safety of the financial" for Iraq in the world.

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