Iraq has the hard currency enough to cover imports only six months
Governor of the Central Bank of the Moroccan newspaper: Iraq has the hard currency enough to cover imports only six months .. and financial reserve of 68 billion dollars
Saturday, January 16, 2016 10:15
BAGHDAD / Baghdadi News / .. announced the Governor of the Central Bank, that Iraq has the hard currency enough to cover imports only six months, while the central bank plans to issue international bonds two billion dollars, during the current year 2016.
The governor of the Central Bank on the Keywords in a statement to the newspaper “Morocco today,” seen by / Baghdadi News /, that “Iraq has the hard currency enough to cover imports for six months only,” pointing to “intensify efforts towards borrowing from international institutions to meet the fiscal deficit “.
Keywords explained that “the lack of fear of the rise in the dollar’s exchange rate against the Iraqi dinar,” noting that “there are asking local bonds worth $ 5 billion to provide liquidity to the state.”
He added that “the central bank has foreign currency is the weakness of the local currency in the market,” noting that “what happened in the past few days indicates that these attempts involve the kind of speculation and profit-taking, and may also involve other goals I do not want to enter into details, because this is definitely a rise in the indicators it is natural. ”
He said the “local currency derives its strength from the reserve of foreign currency.”
He stressed Keywords “We can respond to the request of the dollar, no matter how its size,” noting that “there are no fears of the impact of the exchange rate”, adding that “the financial reserves of the Central Bank is the number variable and the day of the limits of $ 68 billion and the size of the money supply of the dinar 40 trillion dinars.” .anthy 21 / d