Central Bank: Iraq has reserves of hard currency within international standards

Nov 22, 2015



(IraqiNews.com) Central Bank of Iraq announced on Sunday, that Iraq has reserves of hard currency within international standards, noting that the decline process in the reserve is normal.

The governor of the Central Bank Ali Alaq said in a statement obtained by IraqiNews.com, “Iraq has a reserve within the international standards,” noting that, “We still cover the Iraqi dinar with 1.7 of the traded currency worth 39 trillion dinars.”

Alaq added that “Our reserve is able to cover the imports of the country in six months,” pointing out that, “The decline in reserves is normal.”

http://www.iraqinews.com/business-iraqi-dinar/central-bank-iraq-reserves-hard-currency-within-international-standards/