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Central bank: the reserve covers imports from the dollar and the project to delete the zeros did not stop

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Rocky


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Central bank: the reserve covers imports from the dollar and the project to delete the zeros did not stop



11/22/2015


(Independent) ... Governor of the Central Bank on the Keywords confirmed that the bank has a reserve of hard currency within international standards, as pointed out that the reserve is sufficient to cover imports for six months to come, as pointed out that the project to delete the zeros of the currency did not stop, and among the conditions relating to the stability of the country as opposed to the project intervened.

Keywords and he said in a press conference held at the Central Bank building and I followed (independent) announced today that "the bank still has a reserve of hard currency within the international standards," stressing that "sufficient reserves to cover imports for six months to come."

Keywords He added that "our reserves of hard currency cover 1.7 of the money supply in dinars amounting to 39 trillion dinars," pointing out that "the reduction process in a natural reserve and if the reserve has not decreased, this thing we are concerned because the nature reserve to cover market needs, if not decreased how we cover the market ".

He Keywords that "the project to delete the zeros did not stop but there are circumstances relating to the stability of the country's administrative and regulatory processes that intervened as opposed to this project," stressing that "there is a committee exists within the central bank's mission review this file accurately and give the results between now and then, including the study of the market and the general situation of the country ".

Keywords He continued that "print currency fifty thousand dinars, do not lead to inflation or raise prices," pointing out that "the currency came in exchange for the damaged currency as well as it was printed to respond to Iraqi requests in terms of trading and transfer money the fact that the recent currency category 25 thousand low compared to the monetary mass in ". (End)

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Rocky


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