central bank reserves of hard currency to cover imports for six months

by day dreamer Sun 22 Nov 2015, 5:45 pm

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Post n°1

central bank reserves of hard currency to cover imports for six months

by day dreamer Sun 22 Nov 2015, 5:45 pm

Keywords: central bank reserves of hard currency to cover imports for six months

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11/22/2015 11:22
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[ltr]Long-Presse / Baghdad
The governor of the Central Bank on the Keywords, on Sunday, that the bank has a reserve of hard currency within international standards, as pointed out that the reserve is sufficient to cover imports for six months to come.
Keywords and said during a press conference held at the Central Bank building and attended by the (long-Presse) that "the bank still has a reserve of hard currency within the international standards," stressing that "sufficient reserves to cover imports for six months to come."
Keywords He added that "our reserves of hard currency cover 1.7 of the money supply in dinars amounting to 39 trillion dinars," pointing out that "the reduction process in a natural reserve and if the reserve has not decreased, this thing we are concerned because the nature reserve to cover market needs, if not decreased how we cover the market ?. "
The Central Bank of Iraq denied on Tuesday (November 2015 17), the reports about the opening of an investigation the disappearance of ten billion dollars, while the newspaper, which reported the story to investigate the "great" student publication of such news.
The Central Bank of Iraq revealed on Saturday (16 May 2015), the bank reserve "has not and will not affect", in any way, noting that this month reserve is higher than its predecessor, while pointing out that Iraq if they remained dependent on oil resources basis as a source will remain "adversely affected and positively" with the rise and fall of oil prices.
It is noteworthy that the central bank confirmed, during the month of January 2015, that the reserves will exceed the $ 80 billion during the first half of the same year, but will not reach $ 100 billion due to weak retail Iraqi oil revenues and through which access to the dollar to strengthen reserves.

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by **Neno** Sat 12 Dec 2015, 5:49 pm

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Post n°2

Re: central bank reserves of hard currency to cover imports for six months

by Neno Sat 12 Dec 2015, 5:49 pm

Central Bank: Iraq has reserves of hard currency within international standards

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Nov 22, 2015

[You must be registered and logged in to see this link.]The governor of the Central Bank Ali al-Alaq
(IraqiNews.com) Central Bank of Iraq announced on Sunday, that Iraq has reserves of hard currency within international standards, noting that the decline process in the reserve is normal.

The governor of the Central Bank Ali Alaq said in a statement obtained by IraqiNews.com, “Iraq has a reserve within the international standards,” noting that, “We still cover the Iraqi dinar with 1.7 of the traded currency worth 39 trillion dinars.”

Alaq added that “Our reserve is able to cover the imports of the country in six months,” pointing out that, “The decline in reserves is normal.”

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