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Central reserves exceed 50 billion DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Central reserves exceed 50 billion

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Central reserves exceed 50 billion Empty Central reserves exceed 50 billion

Post by RamblerNash Sun Mar 11, 2018 12:21 pm

Central reserves exceed 50 billion

Central reserves exceed 50 billion 6511


Economy News _ Baghdad

The head of operations at the Central Bank, Sunday, said that the reserve currency in the Central Bank exceeded (50) billion dollars.

"The time has come for banks to diversify their portfolios through the settlement of salaries through ways to attract traders and importers who are more familiar with the market, and should work in this direction in the future," said Mahmoud Dagher. .

He pointed out that "the improvement of the value of the Iraqi dinar against the dollar recently, is not a new phenomenon, but the outcome of the work continued for a full year, was through the identification of large measures on the process of presentation of currency and address the violations of demand.

Dagher added that the central bank was able to achieve high stability of the upper and lower limits to the dollar, the dinar, and then moved to a new situation this year were new procedures adopted classification and scrutiny as well as supply.

However, "the official price target of the dollar is 1200 dinars per one dollar and that the gap in the exchange market in the presence of a fixed price adopted by the central bank is available in many economies, an acceptable change."


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