Central Bank: the complications are caused by regional demand for foreign currency

[rockhound60]

Central Bank: the complications are caused by regional demand for foreign currency

On: Sun 01/29/2012 11:14

BAGHDAD / WAP / said the CBI, that the situation and the complexities of regional in some countries surrounding Iraq and exposed him problems in its international economic relations are dropped Bdilalha in the formation of streams of additional indirect demand for foreign currency through the overlapping regional trade and ways of funding the various .

A statement by the Information Office of the Central Bank, said: "We must not miss the familiar with the internal factors of the 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 a standalone application locally on goods and services and external benefits."

He added: "These phenomena, however Achtdadadtha and their effects, the situation 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 stability the desired economic ". / End 7

http://translate.googleusercontent.com/translate_c?act=url&hl=en&ie=UTF8&prev=_t&rurl=translate.google.com&sl=auto&tl=en&u=http://www.baghdadiabian.com/news.php%3Faction%3Dview%26id%3D16002&usg=ALkJrhjQjqOSbfCwHYSu86nWK2vhG87rfg