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The central bank's cash reserves exceed the $ 50 billion barrier
March 30 2018 01:40 p
March 30 2018 01:40 p
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[rtl][rtl]Central Bank of Iraq - Archival[/rtl]
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The governor of the Central Bank, Ali Al-Alak, exceeded the central bank's cash reserve of 50 billion dollars.
The central bank governor said in a press statement that this ratio is normal in terms of local currency and according to internationally agreed standards of the International Monetary Fund.
Al-Aalak stressed that the Central Bank continues to print the local currency due to the existence of damage and aging in order to maintain a balance between the offer of the local currency and the reserve, pointing out that this is the central role of the Central Bank.
The Governor of the Central Bank, that the rumors of every period on currency counterfeiting exaggerated words, pointing out that the bank has the devices capable of detecting any fraud, and the percentage of fraud found and discovered by the bank does not exceed six sheets per million sheets, and impose large fines To the banks or entities that deposit them.
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Baghdad Post
[rtl]The governor of the Central Bank, Ali Al-Alak, exceeded the central bank's cash reserve of 50 billion dollars.
The central bank governor said in a press statement that this ratio is normal in terms of local currency and according to internationally agreed standards of the International Monetary Fund.
Al-Aalak stressed that the Central Bank continues to print the local currency due to the existence of damage and aging in order to maintain a balance between the offer of the local currency and the reserve, pointing out that this is the central role of the Central Bank.
The Governor of the Central Bank, that the rumors of every period on currency counterfeiting exaggerated words, pointing out that the bank has the devices capable of detecting any fraud, and the percentage of fraud found and discovered by the bank does not exceed six sheets per million sheets, and impose large fines To the banks or entities that deposit them.
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