Economic center is proposed to invest part of the monetary reserves of foreign currency

Economic center is proposed to invest part of the monetary reserves of foreign currency within the Guaranteed investment Bags

16-11-2013 10:25 AM

Economic center is proposed to invest part of the monetary reserves of foreign currency Baghdad (news) .. President proposed Media Center Economic Dergham Mohammed Ali, invest part of the monetary reserves of foreign currency at the Central Bank within the bags Guaranteed investment to support investment projects in the country. said Mohammed Ali (of the Agency news): The investment of the cash reserve must be in bags Guaranteed investment guarantee non- prejudice reserves cash for the central bank and introduced within the investment budget. continued: Being ستستنفذ these reserves and lead consistently relied upon to fill part of the notch investment in the budget deficit without the possibility compensated in the coming years. said: that the central bank demands بتنميته monetary reserves and not compromising its only in cases of extreme necessity and produced in the event of a crisis is calculated and lead to the urgent need to use part of it to meet the basic needs of the Iraqi people and to keep the lid currency without shortages, to maintain significant levels of foreign reserves to cover the value of the Iraqi currency. central bank had announced an increase in monetary reserves of hard currency to (83) billion dollars after it was 76 billion dollars. / End

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