Deputy: open multiple outlets to sell the dollar is good, and does not affect the cash reserve
Deputy: open multiple outlets to sell the dollar is good, and does not affect the cash reserve
Date: Thursday, 07/06/2012 10:46
Baghdad (news) .. Praised the House of Representatives MP / National Alliance / Abdul Hadi al-Hassani, a Central Bank to open more than one port for the sale of hard currency, ruling out the impact on the rate of monetary reserves located increases with increasing export capacity of oil.
said Hassani (for the Agency news) on Thursday: The Central Bank pursued a policy of keeping the value of Iraqi dinar through its control of the pumping quantities of hard currency according to the needs the local market after opening more than one port to sell the dollar, either through auction or Iraqi banks. He pointed out: that the monetary reserves of hard currency available at the Central Bank very large and reached more than (63) billion dollars, likely increased more during the coming period with the increase in export capacity of the Iraqi crude oil. He added that the central bank has a future vision and complete knowledge of how to dispose of hard currency and there are fears of the impact of selling the U.S. dollar has more on the reserve Central Bank began to increase as in recent years. / Finished / 8. d. Q /
Source: ikhnews
