The situation in Iraq has increased the demand for foreign currency

28.01.2012 | (Voice of Iraq) - Add comments - the central bank said in a statement today that the situation in the country and the region has cast a shadow on the high demand for foreign currency in the window of the Iraqi Central Bank for the sale and purchase of the dollar, particularly in recent weeks. The Bank that there are several factors affecting the circulation of foreign currency, including overhead and its impacts on the behavior of individual demand in the market for foreign currency, in addition to the situation in some countries of the region and exposed to the problems in its international economic relations. The central bank should develop reserves of foreign currency well, and allows him to face any possibilities that may arise from the phenomenon of growing demand for foreign currency, based on the monetary policy instruments available to control the levels of liquidity and cash flows in order to achieve the desired economic stability.

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