Demands parliamentary accurate data
on the size of monetary reserves at the Central Bank
Integrity electronic - Baghdad, said the decision
to economic and investment commission deputy Mahma Khalil that "the
central bank demands to issue monthly data are correct and
ultra-precision about the size of Central Reserve and expectations for
the amount exceeds more than 80 billion dollars during the month of July
next, find out whereabouts in the Banks of the world" .
He said the "increased balance of hard
currency sovereign will give strength and durability of the Iraqi dinar
the state of economic risks in the country."
He pointed out that "in the event of reaching
the size of the reserve to more than 80 billion dollars, it means
that every dinar both inside or outside the country covered by (2.5),
because the size of the money supply of the national currency of 33
trillion dinars Iraqis. "
The governor of the Central Bank of Abdel Basset Turki has stressed that
"the bank reserves of hard currency will exceed the $ 80 billion
during the month of July.
Second Article:
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Economy: Central Bank reserve
increase to more than 80 billion dollars will boost the stability of
the Iraqi dinar
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01-07-2013 11:38 AM
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Baghdad (newsletter). Confirmed the decision of the Commission on
economy and investment Deputy of the Kurdistan blocs Coalition//mehma
Khalil, to increase the Central Bank's reserves of hard currency will
enhance the stability of the Iraqi dinar and develop national economy.
He said
Khalil (News Agency): to increase the Central Bank's cash reserves of
more than 80 billion dollars, meaning that each Iraqi dinar is inside
Iraq or abroad is covered by two and a half dollar, the volume of cash
to Iraqi currency blocs (33) trillion dinars.
He added
that this increase will enhance the stability of the exchange rate of
the Iraqi dinar against the US dollar and international currency
because it will be a safe haven, with the addition that will enhance
the growth of the national economy.
The Iraqi
Central Bank announced an increase of cash reserve of hard currency to
more than 80 billion dollars./finished/8 l. Eng.
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