CBI: the power of the dinar and the bank's reserves were not affected by the security conditions in the country

July 3, 2014 10:19



The Governor of Central Bank of Iraq, Abdul-Basit Turki, the strength of the Iraqi dinar and the precautions that support has not been affected despite the recent situation in Iraq and the militant groups to launch an attack on Iraqi territory. Said Turki during his participation and chaired by the Financial Action Task Force for the Middle East and North Africa to combat money laundering and terrorism financing in the capital of Bahrain, Manama: "The cash reserve supporter of the Iraqi dinar is 70 billion dollars and that the central bank is able to support the exchange rate of the dinar, which currently stands at 1200 dinars to the dollar But he did not rule affected the exchange rate. "according to the newspaper uprightness

He pointed out that the Iraqi dinar powered reserves and is tied in any other currency and cash reserves Ghaderth for his support, and assured Iraqis that those large reserves of state funds of the central bank is not in Iraq but in the states and other banks in Europe and other countries. And influenced by the currency and the economy because of the attack military for militant groups in Iraq, said: "There is no doubt that the latest of this size have an impact on the economy first and on the financial position and cash the other hand, the Iraqi state, but able to get out of this crisis."

And money laundering in Iraq and in the region by virtue chaired this group said: "The Iraq and the GCC in particular and the Arab countries and Middle Eastern generally need to work doubly to stop the process of money laundering and financing of terrorism because there are a lot of gaps must be bridged for not world class and this is what we are seeking now."


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