Deputy: central bank reserves will make Iraq is immune from the global economic shocks

Deputy: central bank reserves will make Iraq is immune from the global economic shocks and for (10) years

Date: 13/02/2013 10:34:27 Wednesday

Baghdad (news) .. Committee member suggested the economy and investment MP / National Alliance / Hussain Salman Mura’bi, invest part of the monetary reserves of the Central Bank in the country’s investment projects to increase the size of the country’s financial balance.
Said Mura’bi (Agency news): The monetary reserves reached more than (68) billion dollars is equivalent to the budget of three countries, indicating that it will enable the central bank to address any defect both in monetary or economic policy in the country.

He continued: spare the national economy of the seriousness of the impact of the global economic crisis and for (10) years.

He added: We should not keep this monetary reserves large frozen without investment, but is supposed to invest part of it in the projects, interior and exterior for the purpose of increasing amount, indicating if there is no investment for this money, what interest retained. / End / 8. N. P /

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