Parliamentary economy: increasing the central bank reserves of hard currency enhances the stability of the Iraqi dinar

Parliamentary economy: increasing the central bank reserves of hard currency enhances the stability of the Iraqi dinar Posted on: 07/01/2013 11:44:56  Category: Economic Written by: falah Views: 14

BAGHDAD / With: affirmed the decision of the Commission of economy and investment deputy Khalil Mahma, that the increase in central bank reserves of hard currency will enhance the stability of the Iraqi dinar and develop the national economy.

Khalil said in a press statement that "the increase in monetary reserves of the Central Bank for more than 80 billion dollars, this means that all Iraqi dinars located inside or outside Iraq covered two dollars and a half dollar, because the size of the blocks cash of the Iraqi currency amounting to 33 trillion dinars."

He added that "this increase will strengthen the stability of the exchange rate of the Iraqi dinar against the U.S. dollar, the international currency because it would be a safe haven for him, plus he will promote the growth of the national economy."

The Iraqi Central Bank announced an increase in the cash reserves of hard currency to more than 80 billion dollars. / End

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