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Central Bank: Reserve Bank of $ 50 billion, which Mtmon
Wrote: September 5, 2016
[You must be registered and logged in to see this image.] CBI revealed that the monetary reserves of the Central Bank of Iraq from foreign currency of up to $ 50 billion returned it Mtmon.
Wrote: September 5, 2016
[You must be registered and logged in to see this image.] CBI revealed that the monetary reserves of the Central Bank of Iraq from foreign currency of up to $ 50 billion returned it Mtmon.
The general director of banking and credit control in the bank Ihsan Shomran Yasiri, in a televised statement, on Sunday evening ,, that "the monetary reserves of the Central Bank of Iraq from foreign currency of up to $ 50 billion, which is quite normal number with a country in the past three years a large deficit in State ", stressing that this is the foreign reserves, according to the international Monetary Fund on the safe side."
He added that "more than 90% of central bank sales are through dependencies documentary universally used and either direct sales through the window of foreign currency sell a few to sustain the economy and inject the dollar to trade." He pointed out, "The Central Bank is financing large deficits in the state budget."
And the dollar exchange sold by the Central Bank for Goods banking and domestic market, Yasiri rate differential, "The Bank of the dollar sells 1,200 dinars, and the parallel to him in the local market is 1260, or 1270 dinars to the dollar, this is not a big difference, but reasonable Bank defends very difficult to maintain it. "
It is said that the government announced last month that the budget for fiscal 2017, a large deficit, amid expectations that exceed the 30 trillion dinars, which means asylum to Iraq's internal and external loans to cover the deficit and the central bank include Iraq.
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