Central Bank announces having $ 50 billion as a "reserve" as well as gold

June 18, 2016


Our economy / Baghdad

The central bank adviser Walid Idi said, that the central bank has more than $ 50 billion in reserve as well as gold, pointing out that this reserve covers imports over the period prescribed internationally recognized "

He explained that the central bank drew up funds branches of foreign banks capital commensurate with the money of the Iraqi capital of banks, noting that "in the 30 of June, and you'll get the first increase in the capital branches of foreign banks to $ 25 million."

He Idi "This reserve is to meet the coverage of the private sector requests for import because the state imports 95%, and now do not import anything but private purpose of the Iraqi ministries," adding, "However, imports by the private sector, there are no hand in Iraq in the process of financing other than the central bank through the harness reserves ".


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