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 The Central Bank announced foreign exchange reserves rise to 67 billion dollars

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PostSubject: The Central Bank announced foreign exchange reserves rise to 67 billion dollars   Sat Aug 11, 2012 2:34 pm

The Central Bank announced foreign exchange reserves rise to 67 billion dollars / up from 63 billion end of May

08/11/2012

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Babnioz-agencies: the Iraqi Central Bank, foreign exchange reserves rise to 67 billion dollars, adding that these reserves are the largest in the history of Iraq, noting that these reserves is one monetary policy to reduce inflation in Iraq. Deputy Central Bank Governor Mohammad Saleh appearance that "Iraqi Central Bank reserves of hard currency rose to 67 billion dollars, up from 63 billion dollars at the end of may", stating that these "reserves are the largest in the history of Iraq".

Saleh said "this height will increase confidence in the local currency and increase stability," he said, adding that "the Iraqi dinar portion of these reserves was covered 1.3 foreign currency." Saleh said that "Iraqi currency became powerful by the high bank reserves, despite recent fluctuations in the exchange rate of the Iraqi dinar because of foreign currency outflows", pointing out that "these fluctuations treatable, they need time to cure the problem. Saleh said that "high bank reserves will be one monetary policy could reduce inflation in Iraq through the use of influence in domestic liquidity levels, to soak up excess demand by providing a view of foreign currency".

The Iraqi Central Bank, announced on 27 January last, high foreign currency reserves to $63 billion, having recorded on the 6th of January 2012 $60 billion Bank reserves, 50 billion dollars at the end of the year 2010. The Iraqi Central Bank holds daily meetings for the sale and purchase of foreign currencies with the participation of Iraqi banks, with the exception of holidays which the Bank stops on these auctions, sales are either critically or in the form of money orders sold to abroad for a certain fee.

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PostSubject: Re: The Central Bank announced foreign exchange reserves rise to 67 billion dollars   Sat Aug 11, 2012 4:40 pm

This is good

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PostSubject: Re: The Central Bank announced foreign exchange reserves rise to 67 billion dollars   Sun Aug 12, 2012 1:07 am

Kevind53 wrote:
This is good

coffeebath cashingIn coffeebath
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