Central Bank: confirm the face of the growing phenomenon of its demand for foreign currency

[yota691]

Central Bank: confirm the face of the growing phenomenon of its demand for foreign currency

2012-01-29 12:57:34

BAGHDAD (Iba) ... The Central Bank of its ability to stand against the growing phenomenon of potential demand for foreign currency as a result of the regional political situation and economic development.

An official source at the central bank, told the independent press (Iba) .. The complexities of the situation and in some regional countries surrounding Iraq and exposed him problems in international economic relations Bdilalha dropped in the formation of additional currents is directly in the demand for foreign currency through the overlapping regional trade and the various ways of funding.

He noted that the status of foreign reserves of the Central Bank of Iraq is the durability of the place and the estimated high in the face of any eventuality caused by the growing phenomenon of demand for foreign currency, according to the monetary policy instruments available to control the levels of liquidity and cash flows in order to achieve the desired economic stability.

The Central Bank had promised control of the exchange rate of the dinar against the dollar, even if the greater public expenditure and reflected on the behavior of individual demand in the market for foreign currency, which is a standalone application locally on goods and services and the benefits of Foreign Affairs. (End) http://translate.google.ca/translate?hl=en&sl=ar&u=http://www.ipairaq.com/&ei=04QlT_K1Cun00gGd16WuCA&sa=X&oi=translate&ct=result&resnum=1&ved=0CCkQ7gEwAA&prev=/search%3Fq%3Dipairaq%26hl%3Den%26prmd%3Dimvns