CBI increased its cash reserves to $76 Billion to support the dinar exchange rate, says Finance Committee

Posted: October 19, 2013 in Iraqi Dinar/Politics

Member of the Finance Committee: the Central Bank use the increase in the cash reserve to support the dinar exchange rate

19-10-2013 12:56 PM

Baghdad (newsletter). Student member of the Finance Committee, a Deputy from the Kurdistan blocs Coalition//Jimmy is able to exploit the increase in the cash reserve of hard currency to support the Iraqi dinar exchange rate against the US dollar.

He is capable of (News Agency): the figure announced by the Central Bank for foreign currency cash reserves of 76 billion dollars, must be backed up by precise data provided by the Bank to the Finance Committee, not just the media’s launches here and there.

He added that if the increase in the cash reserve to the number that is too large, the Central Bank is used to support the Iraqi dinar exchange rate against the u.s. dollar as responsible for monetary policy in the country.

The Central Bank has increased reserve of hard currency Iraq to 76 billion dollars was up to 66 billion dollars

http://bit.ly/1fL8IeP

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