Central dispel the fears of the growing demand for foreign currency
BAGHDAD / Baghdadiya News / .. Central Bank of Iraq, Saturday, that the strength of the monetary reserves of foreign currency has to enable it to confront the phenomenon of the growing demand for foreign currency and control the levels of liquidity and cash flows in the country.
A statement issued by the Central Bank of Iraq has received agency / Baghdadiya News / Saturday, a copy of it that "some of the media handled the phenomenon of high demand for foreign currency in the window of the Iraqi Central Bank for the sale and purchase of the dollar, particularly in recent weeks, in order to clarify the factors surrounding the growth of these phenomenon, it should be that familiar with what Aigb of internal factors play an important role and a key associated with a greater public spending and its impacts on the behavior of individual demand in the market for foreign currency, which is itself an application locally on goods and services and external benefits. "
The statement added that "the complexities of the situation and in some regional countries surrounding Iraq and exposed him problems in international economic relations has dropped Bdilalha are other currents in the formation of additional indirect demand for foreign currency through the overlapping regional trade and the various ways of funding."
He stressed that "the development of foreign reserves of the Central Bank of Iraq is one of durability the location and the estimated high in the face of any eventuality caused by the growing phenomenon of demand for foreign currency, according to the means of monetary policy available to control the levels of liquidity and cash flows in order to achieve economic stability desired," / End / 21 .