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The Governor of the Central Bank: the Bank reserves would exceed $ 80 billion at the end of July
13-06-2013-15: 11
Alsumaria news/Baghdad
The Agency said the Central Bank Governor Abdel Basset Turki, the Reserve Bank would exceed $ 80 billion at the end of July next year, noting that there is a review of the mechanisms for the use of the Reserve Bank regardless of whether the current Government for specific purposes.
Turki said the "brackets" aired "alsumaria", "Central Bank reserves now money and gold exceeded $ 75 billion" Reserve Bank would exceed $ 80 billion by the end of next month. "
He said "the Turkish Bank reserves by the end of the year 2013 will exceed this number", pointing out that "Iraq's gold reserve is managed by the Bank for international settlements in Switzerland.
The Governor of the Central Bank said that "under the current law the Bank can't contribute $ 1 to support the Government," Noting that "there is a review of the mechanisms for the use of the Reserve Bank regardless of whether the current Government for specific purposes.
Bank sources earlier revealed (11 may 2013), that the Iraqi Central Bank reserves of foreign currencies reached 74 billion dollars, noting that this was the highest achieved by the Reserve Bank in the country's history.
The Central Bank refused, (5 May 2009), the Government's efforts to borrow from the Reserve Bank's funds to meet the shortfall in the budget, saying the move illegal and a violation of the independence of the Bank.
The Central Bank Adviser Mohammad Saleh appearance confirmed in May 2009 that Iraq's stock of reserve cash covered over the past years, walked out of the Government's financial power. Calling for the adoption of alternative ways to plug, including recourse to secondary market policies which have been agreed with the Government.
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13-06-2013-15: 11
Alsumaria news/Baghdad
The Agency said the Central Bank Governor Abdel Basset Turki, the Reserve Bank would exceed $ 80 billion at the end of July next year, noting that there is a review of the mechanisms for the use of the Reserve Bank regardless of whether the current Government for specific purposes.
Turki said the "brackets" aired "alsumaria", "Central Bank reserves now money and gold exceeded $ 75 billion" Reserve Bank would exceed $ 80 billion by the end of next month. "
He said "the Turkish Bank reserves by the end of the year 2013 will exceed this number", pointing out that "Iraq's gold reserve is managed by the Bank for international settlements in Switzerland.
The Governor of the Central Bank said that "under the current law the Bank can't contribute $ 1 to support the Government," Noting that "there is a review of the mechanisms for the use of the Reserve Bank regardless of whether the current Government for specific purposes.
Bank sources earlier revealed (11 may 2013), that the Iraqi Central Bank reserves of foreign currencies reached 74 billion dollars, noting that this was the highest achieved by the Reserve Bank in the country's history.
The Central Bank refused, (5 May 2009), the Government's efforts to borrow from the Reserve Bank's funds to meet the shortfall in the budget, saying the move illegal and a violation of the independence of the Bank.
The Central Bank Adviser Mohammad Saleh appearance confirmed in May 2009 that Iraq's stock of reserve cash covered over the past years, walked out of the Government's financial power. Calling for the adoption of alternative ways to plug, including recourse to secondary market policies which have been agreed with the Government.
[You must be registered and logged in to see this link.]
