HomeCentral Bank announces the rise of foreign exchange reserves to $ 67 billion
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Central Bank announces the rise of foreign exchange reserves to $ 67 billion
Highlander Sun Aug 12, 2012 9:34 am
Funny how this news gets released by the central bank in the middle of the government questioning some of it's transactions in the currency auctions and wanting to launch an investigation and do an audit of the Central Bank isn't it?
Central Bank announces the rise of foreign exchange reserves to $ 67 billion
Author: HM Editor: SS Saturday 11 August 2012 07:29 GMT
The appearance of Mohammed Saleh
Sumerian Enoz / Baghdad
Central Bank of Iraq, Saturday, a rise in hard currency reserves to $ 67 billion, confirming that these reserves are the largest in the history of Iraq, pointing out that these reserves is one of the monetary policy to reduce inflation in Iraq.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh in an interview for "Alsumaria News", "reserves the Iraqi Central Bank foreign currency rose to $ 67 billion, up from $ 63 billion the end of last May," noting that these "reserves are the largest in the Iraq's history. "
Saleh added that "this increase will increase confidence in local currency and will increase stability," stressing that "the Iraqi dinar has become covered by these reserves to 1.3 in the foreign currency."
Salih stressed that "the Iraqi currency has become strong due to high bank reserves, in spite of fluctuations in recent exchange rate of the Iraqi dinar due to outflows of foreign currency," pointing out that "these oscillations are treatable, but they need time to cure the problem."
Saleh pointed out that the "high bank reserves would be a monetary policy that could reduce inflation in Iraq through the use of an impact on levels of domestic liquidity, to absorb the excess demand by providing a display of foreign currency."
The Central Bank of Iraq announced on 27 January last, the high foreign currency reserves to $ 63 billion, after recording the sixth of January 2012 bank reserves $ 60 billion, up from $ 50 billion year-end 2010.
The central bank held the Iraqi daily sessions for buying and selling foreign currencies with Iraqi banks, except for public holidays on which depends the World Bank for these auctions, and sales are either cash, or in the form of money orders sold out for a commission of certain.
http://translate.google.com/translate?sl=ar&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.alsumarianews.com%2Far%2F3%2F45990%2Fnews-details-.html
Central Bank announces the rise of foreign exchange reserves to $ 67 billion
Author: HM Editor: SS Saturday 11 August 2012 07:29 GMT
The appearance of Mohammed Saleh
Sumerian Enoz / Baghdad
Central Bank of Iraq, Saturday, a rise in hard currency reserves to $ 67 billion, confirming that these reserves are the largest in the history of Iraq, pointing out that these reserves is one of the monetary policy to reduce inflation in Iraq.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh in an interview for "Alsumaria News", "reserves the Iraqi Central Bank foreign currency rose to $ 67 billion, up from $ 63 billion the end of last May," noting that these "reserves are the largest in the Iraq's history. "
Saleh added that "this increase will increase confidence in local currency and will increase stability," stressing that "the Iraqi dinar has become covered by these reserves to 1.3 in the foreign currency."
Salih stressed that "the Iraqi currency has become strong due to high bank reserves, in spite of fluctuations in recent exchange rate of the Iraqi dinar due to outflows of foreign currency," pointing out that "these oscillations are treatable, but they need time to cure the problem."
Saleh pointed out that the "high bank reserves would be a monetary policy that could reduce inflation in Iraq through the use of an impact on levels of domestic liquidity, to absorb the excess demand by providing a display of foreign currency."
The Central Bank of Iraq announced on 27 January last, the high foreign currency reserves to $ 63 billion, after recording the sixth of January 2012 bank reserves $ 60 billion, up from $ 50 billion year-end 2010.
The central bank held the Iraqi daily sessions for buying and selling foreign currencies with Iraqi banks, except for public holidays on which depends the World Bank for these auctions, and sales are either cash, or in the form of money orders sold out for a commission of certain.
http://translate.google.com/translate?sl=ar&tl=en&js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&u=http%3A%2F%2Fwww.alsumarianews.com%2Far%2F3%2F45990%2Fnews-details-.html
Highlander- Member
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Join date : 2012-04-30
Location : Arizona
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