Central Bank announces increase in currency reserves to more than 76 billion dinars

by **chouchou** Sun 06 Oct 2013, 5:50 am

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Central Bank announces increase in currency reserves to more than 76 billion dinars

by chouchou Sun 06 Oct 2013, 5:50 am

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Iraqi Central Bank announced, Sunday, rising hard currency reserves to more than $ 76 billion, confirming that it is the largest in the history of Iraq.

The governor of the central bank and agency Abdel Baset Abdel Samad said "reserves the Iraqi Central Bank foreign currency rose to 76 billion and $ 500 million after it was 74 billion dollars by the end of last May," noting that these "reserves are the largest in the history of Iraq."

Abdul Samad added that "this increase will increase confidence in the local currency will also increase stability", adding that "the Iraqi currency has become strong due to high bank reserves."

The CBI had announced, last May, the arrival of the size of its hard currency reserves to $ 74 billion, noting that it represents the highest rate up to the bank of this currency in the history of Iraq.

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