Central confirms the "strength" of the Iraqi reserve according to international indicators "reassuring"

by **Ponee** Mon Jul 17, 2017 11:52 am

Central confirms the "strength" of the Iraqi reserve according to international indicators "reassuring"

Editor Duraid Salman - Sunday 16 July

Alsumaria News / Baghdad

The Central Bank of Iraq announced on Sunday the availability of international indicators confirming the Iraqi Reserve's fortitude, stressing that the standards of foreign exchange reserves "reassuring."

The head of financial operations and debt management of the Central Bank Mahmoud Dagher said in an interview for Alsumaria News, "The reserves of foreign currency to Iraq and different standards of adequacy is high and reassuring."

Dagher pointed out, "the availability of international indicators confirm the stability and durability of Iraqi reserves."

The Central Bank of Iraq announced, on Sunday (February 19, 2017), that the size of Iraq's foreign currency reserves of $ 49 billion, while noting that 70% of the money circulating in homes, he pointed to the bank managed to control inflation.

It is noteworthy that the Central Bank of Iraq was established as an independent bank under its law of 6 March 2004, as an independent body, which is responsible for maintaining price stability and implementation of monetary policy, including exchange rate policies and daily sessions for the sale and purchase of currencies.

http://www.alsumaria.tv/news/210018/link