The Central Bank reduced its dollar reserves, is a natural phenomenon, and some attri
The Central Bank reduced its dollar reserves, is a natural phenomenon, and some attribute to low swings
Views 335 Added 05/10/2016 - 18:15
Counting Iraqi Central Bank on Tuesday reduced its dollar reserves, a natural phenomenon caused by low oil prices, that decline has not been in vain and achieved a very important economic and social purposes, noting that the current reserves are sufficient to cover exporting currency and imports for a long time, pointing out to avoid falling through avoiding budget deficits.
The Central Bank Governor said in an interview with the relations (range), I followed the "economy News/Central Bank reserves dip is a natural phenomenon because of declining global swings, direct financial proceeds Iraq athrbshkl/World Bank policy, stressing that it was wise and based on the desired balance between maintaining the desired Exchange rate stability, and meet the needs of the private sector imports.
He added that "relations in these reserves has not been in vain, but achieved a very important economic and social purposes, and not, as some think he's gone without a little", noting that "reserves are still good and sufficient to cover exporting currency and imports for more than six months, which is the minimum required by global financial indicators.
He continued the relationship, to "avoid low reserve is avoiding the budget deficit and large sums.
The Central Bank Governor was confirmed on 11 September last, the IMF was surprised that Iraq's foreign currency reserves have exceeded his expectations benhoashrh billion dollars.