Central Bank: Iraq has reserves of hard currency within the standards
Central Bank: Iraq has reserves of hard currency within the standards 2015-11-22 18:37:45
| (Voice of Iraq) - Baghdad
Central Bank of Iraq, announced on Sunday that Iraq has reserves of hard currency within international standards, while noting that the natural decline in the reserve process.
The governor of the Central Bank on the Keywords in an interview with a number of media that "Iraq has a reserve within the international standards", noting that "we still cover the Iraqi dinar traded 1.7 of currency worth 39 trillion dinars."
Keywords adding, that "the reserve is able to cover imports in the country in six months," noting that "the natural decline in reserves, a psychological process more than what is worrying."
He continued relationships, that "the reserve is not controlled by the central bank but controls the supply factors of the Ministry of Finance and the demand of the market," adding that he "so the central bank to maintain the market response to the request and fill the balance of payments, because it enters in to maintain a balance."
The member of the parliamentary finance committee said Hossam punitive, in November 2015, the central bank said 17 located an estimated $ 50 billion in reserves, considering that the relatively low occurrence of few in the reserve is normal.