CBI: 90 trillion dinars size of the financial reserve

CBI: 90 trillion dinars size of the financial reserve

Wrote: April 13, 2014

CBI-90 trillion dinars size of the financial reserveThe Central Bank of Iraq that the size of the hard currency reserves amounted to the equivalent of ninety trillion dinars end of February.

The bank predicted in a statement that the continuation of the increase is not large proportions not being able to reach the billion barrier percent, ruling that reached the reserve of hard currency a hundred billion dollars due to the expansion of foreign trade in the feed to the private sector.

The bank noted that it reserves increased by good compared to previous months what makes Iraq in a stable position financially.

The bank revealed the existence of a large demand for the dollar through currency auction, which takes the contrast of the Iraqi dinar is what makes expansion there commercially for some asylum dollar.

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