Central Bank: No intention to invest our reserves of currencies and gold

Wednesday October 29, 2014 09:26


The Central Bank of Iraq, Wednesday, no intention to invest the reserves of currencies and gold.

The governor of the bank in a statement on the Keywords "Alsumaria News" received a copy of it there was "no intention by the bank to invest its reserves of currencies and gold."

Keywords and added that "the investment of these reserves are incompatible with the objectives of the central bank and the law."

The central bank announced in October 2013, for the arrival of the size of its reserves of hard currency to 76 billion and $ 500 million, noting that it represents the highest rate up to the bank of the currency in the history of Iraq .

Central Bank of Iraq and held daily for the sale and purchase of foreign currencies with the participation of Iraqi banks sessions, with the exception of public holidays in which the bank stop these auctions, sales and be either in cash or in the form of money orders sold abroad in exchange for a certain commission.

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