Governmental advisor: Central bank reserves are sufficient for 14 months
{Baghdad: Al Furat News} The Prime Minister’s Adviser for Financial Affairs, Mazhar Muhammad Salih, confirmed that Iraq’s reserves with the Central Bank are high and reassuring at the present time.
Saleh said in a press statement, “The cash issue of the national currency is covered by ultra-high, stable and very strong.”
He added, “The Iraqi monetary reserve is consistent with indicators of the so-called adequacy of reserves, as foreign reserves cover approximately 13-14 import months compared to the global scale by three months, so they are high and currently reassuring.”
Saleh pointed out that “the central bank manages its reserves with high accuracy and according to internationally approved investment guidelines.”