International Monetary Fund show his conviction for the financial policy for Iraq

10/8/2011 | (Voice of Iraq) - (Rn) of the Iraqi Central Bank announced on Saturday that there is acceptance of the International Monetary Fund on the Iraq political cash. The deputy governor of Central Bank of Iraq the appearance of Mohammed Saleh told the Kurdish news agency (Rn) that "the Fund International Monetary convinced that monetary policy in the country heading trend is true is commensurate with the reality of the Iraqi economy. " He added that "the central bank follows the monetary policy to reduce inflation and provide cover for the local currency and controls economic commensurate with the fiscal policy pursued in Iraq." He noted that "the bank Central review continuously Ssayasth cash and mechanisms for the dependents of annual inflation and gaps facing the use of foreign currency and local communities in the country. " and said the Iraqi Central Bank last Thursday, the high reserves of financial $ 8 billion since the beginning of this year, indicating that the reserve was 50 billion last year and is now to 58 billion. Officials in the Iraqi Central Bank to increase reserves is a sign of the maturity of monetary policy and its development and consistency with fiscal policy in the country. and is keen to address the gaps in the economic circulation of local and foreign currency. indicates the central bank reserve bank is not stagnant or stock is used in the open market in order to achieve a balance between liquidity and demand in the local currency traded.