Central Bank confirms the possession of large reserves of hard currency to meet the demand
On: Sun 01/29/2012 13:13

Baghdad (news) .. The Central Bank of Iraq's possession of large reserves of hard currency to cope with the phenomenon of demand, indicating that there are internal and external factors behind this phenomenon.

]The bank said in a statement received by the Agency (news) a copy of it on Sunday: "It has foreign reserves large, the estimated high in the face of any potential caused by the growing phenomenon of demand for foreign currency on the basis of the means of monetary policy available to control the levels of liquidity and cash flows, including achieve the desired economic stability.

The bank said: that the phenomenon of high demand for foreign currency in the window of the Iraqi Central Bank for the sale and purchase of the dollar in recent weeks, linked to the increasing public expenditure and its impacts on the behavior of individual demand in the market for foreign currency, which is a standalone application locally on goods and services and the benefits of Foreign Affairs.

He said the bank: that conditions and the complexities of regional in some countries surrounding Iraq and exposed to the problems in its international economic relations have cast the other Bdilalha in the formation of streams of additional non-directly in the demand for foreign currency through the overlapping regional trade and ways of financing the various. / Finished / l . m /