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Economy: Central Bank demands a precise data on the size and places its cash reserve
06/17/2013
)
Sunday, June 16, 2013
Ruled out the decision of the Commission on the economy and investment the Kurdistan blocs Coalition MP mehma Khalil, exceeded the Central Bank's cash reserve (80) billion dollars during the next month, he will give strength to the economy and avoid a global economic risks.
He said Khalil (News Agency), the sovereign foreign currency balance at the Central Bank stood at more than 73 billion dollars before six months from now, and exists in various countries of the world in the form of a portfolio and investments.
He added that the Central Bank is required to issue monthly statements are correct and HD on the central reserve size and expectations for the amount of more than 80 billion dollars during the month of July next, locate one of the world's banks.
And, to increase the balance of foreign currency sovereign would give strength and durability of the Iraqi dinar and will avoid any economic risks in the country, noting that if the size of the reserve to more than 80 billion dollars, meaning that each dinar both inside and outside the country, covered by (2, 5), because the size of the money supply of the national currency (33) trillion Iraqi dinars.
Central Bank Governor Abdel Basset Turki emphasized that the Bank's hard currency reserves would exceed the 80 billion dollars during the month of July.
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06/17/2013
)
Sunday, June 16, 2013
Ruled out the decision of the Commission on the economy and investment the Kurdistan blocs Coalition MP mehma Khalil, exceeded the Central Bank's cash reserve (80) billion dollars during the next month, he will give strength to the economy and avoid a global economic risks.
He said Khalil (News Agency), the sovereign foreign currency balance at the Central Bank stood at more than 73 billion dollars before six months from now, and exists in various countries of the world in the form of a portfolio and investments.
He added that the Central Bank is required to issue monthly statements are correct and HD on the central reserve size and expectations for the amount of more than 80 billion dollars during the month of July next, locate one of the world's banks.
And, to increase the balance of foreign currency sovereign would give strength and durability of the Iraqi dinar and will avoid any economic risks in the country, noting that if the size of the reserve to more than 80 billion dollars, meaning that each dinar both inside and outside the country, covered by (2, 5), because the size of the money supply of the national currency (33) trillion Iraqi dinars.
Central Bank Governor Abdel Basset Turki emphasized that the Bank's hard currency reserves would exceed the 80 billion dollars during the month of July.
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