Central Bank ... Bank reserves sufficient for 18 months

Khalk: Follow-up
The Central Bank of Iraq adviser Walid Idi, the central bank reserves of hard currency for enough -18 months and there is no serious than falling to $ 49 billion.

Said Eide said in a statement, said that "currency reserves according to international standards should be enough for a six-month international as a requirement or an international standard for any country, stressing that the foreign currency reserves in Iraq, enough to pay off the debt and taking into account the geographical diversification and serving the local market need of goods and services and economic and social requirements and the payment of retired abroad and salaries and study purposes and for purposes of travel and religious tourism treatment.

He noted that the International Monetary Fund confirmed that there are Arab countries outweigh the real spending its reserves, including Iraq, Saudi Arabia, Algeria, Lebanon, Kuwait, Bahrain, and this is evidence of Iraq's reserves of hard currency stability. "

He added, "The IMF study has confirmed: that the reserves of Iraq will arrive in 2018 to $ 62 billion, and then rise to $ 91 billion in 2020 due to improved conditions of the Iraqi economy and oil exports and its derivatives and the sufficiency of electricity imported to some provinces and gas export and promote tourism industry all of which bodes well for economic resources.
He stressed that "the current $ 49 billion is enough to Ngtit issued currency and enough to imports of goods for more than 18 months."

The central bank announced last Sunday, about the decline of hard currency reserves to $ 49 billion, as a result of the continuing decline in oil prices in global markets.

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