Central bank: we oppose calls for reducing the rate of exchange for reforms
Central bank: we oppose calls for reducing the rate of exchange for reforms
Sunday November 22 2015 11:27
Alsumaria News / Baghdad
said the Iraqi Central Bank, Sunday, he was opposed to calls for lowering the exchange rate for the reforms, noting that the reduction will lead to higher prices. The governor of the Central Bank on the Keywords in an interview with a number of media, including, Alsumaria News, “The Bank opposes Referrals to reduce the rate of exchange for reforms, “noting that” the reduction will lead to higher prices and hurt the poor, and this is what happened in Egypt, for example. ”
Keywords He added that “the bank reserves is not a surplus,” adding that “the rise and decline does not affect the government or the budget, but only affects reserves the Ministry of Finance.” The Central Bank of Iraq, said on Sunday that Iraq has reserves of hard currency within international standards, while noting that the natural decline in the reserve process.
alsumaria.tv
