Governor of the Central Bank: 70 percent of the sales of the bank to cover foreign imports

Date: 06/27/2015 12:37


Information / Baghdad / ..
Governor of the Central Bank revealed on the Keywords, Saturday, that 70% of central bank sales are to cover foreign imports to the country, noting that the goal of the bank is to support the private sector.

Keywords and said in a seminar on the progress of the Institute for Development Policy, "The bank aims to curb liquidity in the market so that we do not have to print more currency," pointing out that "the exchange rate must be flexible in order to keep the movement in the market."

He Keywords that "70% of the bank's sales are to cover foreign imports," noting that "the Iraqi Central Bank has succeeded through its procedures to restore the Iraqi dinar exchange rate to the previous position, but the reasons that led to the fluctuation of the exchange rate still exist up to now."

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