l-Jabiri: Central Bank reserves are sufficient to meet the budget in full evidence of the strength of the Iraqi economy

Posted: July 5, 2013 in Iraqi Dinar/Politics
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05-07-2013 11:39 AM

Baghdad (newsletter). Member of the Finance Committee iraqiya MP Jabir al-Jabiri, that Iraq has reserves in the Central Bank enough to fill the State budget for a full year.

He said Al-jabri (News Agency): in case of disaster or war or financial crisis lead to stop exporting oil, the Reserve Bank is sufficient to plug the budget that shows the strength of our economy.

He ruled out that any funds are withdrawn from the central reserve at the current time to the State budget, noting that Iraq has strong imports daily, enough to meet the needs of the assessed budget and according to the plans of the Finance Committee.

The Central Bank Governor Abdel Basset Turki said that Central Bank reserves are sufficient to cover the expenses of the Iraqi State in case the ceiling rose in the Bloc’s next year due to the strong reserves and continuous income to the Bank safe



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