Central Iraq confirms that the reserves of the best reserves in the world
Central Iraq confirms that the reserves of the best reserves in the world
01/18/2015 12:47 GMT
Follow-up – and babysit – The Central Bank of Iraq, Sunday, that the bank reserves is one of the best reserves in the world, and while he noted covers currency and a half times, said the financial crisis that has plagued Iraq is resolved in the structuring of the economy and diversify sources.
The governor of the bank on the Keywords in an interview for a number of media that “the Bank maintains the largest rates of good reserves of hard currency in the world compared to the money supply,” adding that “these reserves still cover the money supply and a half times.”
He Keywords that “reserves are changing on a daily basis depending on oil exports as the dollar comes from these exports, in addition to coverage of imports which are variable elements,” noting that “what Iraq faces today from a financial crisis resolved through utensils solutions to internal and external such as loans, while be long-term solutions through a review of the restructuring of the economy through the budget preparation and rationalize spending and diversification of income sources and attract foreign capital. ”
“The financial institutions that can support can not plug in the budget that are at high levels.”
The Iraqi Central Bank announced in October 2013 for the arrival of the size of its reserves of hard currency to 76 billion and $ 500 million, noting that “it is the highest rate of the Bank of the currency in the history of Iraq.
M.a
alrayy.com
