He stressed that the economy because the governor to balance the dinar per covered 1.3% of the dolla

He stressed that the economy because the governor to balance the dinar per covered 1.3% of the dollar



06/26/20140 
«Central»: will not affect the security situation in the Iraqi dinar
Said the Iraqi Central Bank, that the security situation in the country «will not greatly affect the Iraqi dinar», and attributed the cause to the «strength of the Iraqi dinar and the precautions that supported», and as pointed out financial expert said Iqbal Iraqi citizen to store foreign currency would be «temporary », pointed out that the Iraqi economy because the governor to balance the dinar per covered 1.3 percent of one dollar a« one and a third ».
The governor of the Iraqi Central Bank and the Agency Abdel Basset Turki said «of the functions of the Central Bank of Iraq, according to its law is to keep the dinar stable against other currencies», indicating that «the bank's management studied and researched the course of the security situation experienced by the country and its impacts on the financial situation in the country
The Turkish that «what exists reserves of hard currency to the Central Bank will be capable of controlling the exchange rate of the dinar against the dollar», adding that «cash reserves in support of the Iraqi dinar is 70 billion dollars and the central bank is able to support the exchange rate of the dinar, which currently stands at 1200 dinars to the dollar, so there is no fear on the dinar at the moment
For his part, said the financial expert Mazen al-Khafaji said in press statements, that «there is a slight rise too in the exchange rate of the dinar against the dollar because of the Iraqi citizen and nature in such things such resort to the storage savings is the most fitting what stores have the foreign currency for the purpose of assistance in case of Event What is in the country », adding that it would be temporary and can not last for a long time because of the nature of the financial transactions Iraq». He said al-Khafaji, he «After increasing demand for the dollar there will be a rise in the exchange rate of the dollar against the dinar, and here comes the role of the central bank, which will try to work on widening the sale of dollars in the currency auction has in order not to exploit the current situation and the rise of the dollar against the dinar». He pointed out that al-Khafaji, «there other possible things that keeps the Iraqi dinar and the economy in general, in these circumstances, Kahtiatat Central Bank and the export of Iraqi oil.
He said al-Khafaji, that «dinar is covered, according to central bank reserves at 1.3 percent, ie, that the Iraqi dinar, an indoor one and a third of the dollar as well as that Iraq is the export of oil, which would be the southern regions of safe and so would be an abundance of the dinar against the dollar exist through processes the sale of oil in the market World ».
The markets are witnessing Iraqi remarkable increase prices of goods and food since the first day of the fall of the city of Mosul, however, the terrorist organizations, which called for most citizens to turn to buy some basic food items to be stored for fear of depletion of the markets as well as to store a number of payments in hard currency (dollar).
Cash reserve is enough to support the Iraqi dinar
CBI said that the cash reserve is located has supported the Iraqi dinar. Bank Governor Abdul-Basit Turki said that the cash reserves in support of the Iraqi dinar is seventy billion dollars. Adding that the central Abannگ able to support the exchange rate of the dinar, which currently stands at two hundred thousand dinars per dollar. He pointed out that the Turkish Iraqi dinar powered cash reserves and not linked to any other currency. 

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