Governor of the Central Bank holds the responsibility of the government and parliament reduced the cash reserve


Baghdad / long - Presse

The governor of the Central Bank and the Agency on the Keywords that Iraq'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, the House of Representatives pregnancy and the government responsible for the low reserve because Msadegthma on the financial budget in deficit.

The CBI has refused (January 13, 2016) The government went to draw from the financial reserve, while attributed to the fact that the law "does not allow" the government of this, he called for the issuance of bonds and sell them to banks.
He said on the Keywords in an interview for the "long Press" that "the bank's foreign currency reserves reach $ 53 billion may be changed up or down depending on what return it from the Ministry of Finance,"

noting that "the amount within the bank accounts and fund the recent International Monetary demonstrates the adequacy of the reserve according to the international standard of the existence of the amount of foreign exchange cover of the local currency dinar size. "

Keywords and added that "it means that the central bank maintains a foreign currency in excess of the local," he said, adding that "the rise in the reserve or decline caused by factors beyond the control of the Central Bank or control, being influenced by two factors two main amount of dollar given to the bank, from the sale of oil, etc. you get the Ministry of Finance of the oil dollar, which sells it to the bank, get to dinars to cover its expenses. "