Central Bank announces the possession of 50 billion dollars as a "reserve" as well as gold
June 18, 2016 81 0
Our economy/Baghdad

Central Bank Adviser, said Waleed IDI, that the Central Bank has more than $ 50 billion in reserve as well as gold, indicating that this reserve covers imports more from internationally recognized term ",

He explained that the Central Bank with branches of foreign banks ' capital increase in proportion to the banks ' capital, "June 30, being the first capital increase will receive foreign bank branches to 25 million dollars."

"Idi" this reserve is to meet the private sector's requests to import coverage since the State was 95% imports and now do not import anything except for your purpose to Iraqi ministries ", but" but private imports no hand in Iraq are funded process except the Central Bank, by harnessing the reserves. "