Central Bank: High cash reserves to $ 49 billion


Baghdad :

Announced the Governor of Bank Central Ali Keywords, on Thursday, for increasing the reserve currency difficult foreign than had it in the year 2016 , stressing rising to 49 billion dollars .

Said Keywords , the ” Bank of the Central and despite the decline in resources of oil during the period last by up to 70 percent was able to maintain and keep the reserve of currency foreign levelacceptable within the standards of international, especially the standard core of the adequacy of the reserve is covered by currency local sense of how much we have of the dinar and offset by thedollar . “

He added Keywords that ” the amount of the reserve of currency difficult foreign found in the bank exceeds the amount of currency local dinar Iraqi, which is what is within the standardadmissibility of this reserve, it is the payment of the Fund Monetary International to count reserves of Iraq comfortable and assured by virtue of the Convention to prepare the credit .”

He said the Keywords, the ” reserve the current range between 47 billion and 49 billion dollars, which is higher than the level of the reserve for the year 2016″ , stressing by saying , ” We do not feelconcerned about this reserve within the indicators global .”



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