Central bank: able to cover Iraq's international obligations

[yota691]

Central bank: able to cover Iraq's international obligations

In the economy  February 19, 2017 0  16 visit

 

BAGHDAD / SNG

The Central Bank of Iraq, Sunday, for his ability to cover Iraq's international obligations as well as foreign trade financing, as he emphasized that the country's reserves of foreign currency within the "international standards."

 

The governor of the central bank on the Keywords in a press conference attended by SNG, that " the bank is able to cover Iraq 's international obligations and financing of foreign trade , " stressing that "Iraq 's reserve currency within the standards, and that the bank also covers the local currency by a large margin." 
Keywords and added that "Iraq 's debt ratio is acceptable compared to GDP, but should not exceed it."

[yota691]

Central bank: able to cover Iraq's international obligations

 

Sunday February 19, 2017 11:00

 

 

 

Alsumaria News / Baghdad announced the Central Bank of Iraq , Sunday, for his ability to cover the obligations of Iraq , international as well as foreign trade financing, as he emphasized that the country 's reserves of foreign currency within the "international standards."  The governor of the central bank on the Keywords in a press conference attended by Alsumaria News, " The bank is able to cover Iraq 's international obligations and financing of foreign trade , " stressing that "Iraq 's reserve currency within the standards, and that the bank also covers the local currency by a large margin."         Keywords and added that "Iraq's debt ratio is acceptable compared to GDP, but should not exceed it."

[Flamtap]

Thanks Yota.....Was there ever a doubt? 

[yota691]

Central bank: able to cover Iraq's international obligations

 

 

Economy News / Baghdad ...       The Central Bank of Iraq, Sunday, for his ability to cover Iraq's international obligations as well as foreign trade financing, as he emphasized that the country's reserves of foreign currency within the "international standards."   The governor of the central bank on the Keywords in a press conference attended by "Economy News" that "the bank is able to cover Iraq's international obligations and financing of foreign trade," stressing that "Iraq's reserve currency within the standards, and that the bank also covers the local currency by a large margin."     Keywords and added that "Iraq's debt ratio is acceptable compared to GDP, but should not exceed it."
Views 280   Added 19/02/2017 - 11:09   Last updated 19/02/2017 - 14:43   No. Content 6746

[Boozer]

raze the rate and see if that helps ... I know it would help me

[DWitte]

Seems like this might be some of the best news ever.

 

But just being the Animal that I am, I need some verification that what I just read is true.

Edited February 19, 2017 by DWitte
spelling

[tigergorzow]

Yota Thanks,  DV,   It seems that the CBI is gearing up so lets hope the plan of actions will be implemented as soon as "Liberation Of Mosul" is done.   Things are progressing very well IMHO.

[bkeiller]

Credit rating rise?

[Laid Back]

This is good news.!!!

The CBI have suffered chronic losses that eventually interfere with the effective conduct of monetary policy.

Now we see they're able to cover international obligations.

This means:

-CBI is an independent entity 

-End of corruption inside central bank

-Proper accounting practice

Go CBI

Go new monetary policy

Go RV

Edited February 19, 2017 by Laid Back

[skeetdog]

Thanks Yota....

1 hour ago, bkeiller said:

Credit rating rise?

I believe Iraq gets their next credit review around the end of Q1....

[nannab]

2 hours ago, skeetdog said:

Thanks Yota....

I believe Iraq gets their next credit review around the end of Q1....

Is it March skeetdog?

[skeetdog]

6 minutes ago, nannab said:

Is it March skeetdog?

I think it's around the end of March...

[ChuckFinley]

They could be sitting on this until the end of Mosul and a new international rating.  

[sandfly]

Thanks now put power to the dinar