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Central Bank of Iraq has increased its cash reserves, says the Finance Committee

Student member of the Finance Committee, a Deputy from the Kurdistan blocs Coalition has stated that he is able to exploit the increase in the cash reserve of hard currency to support the Iraqi dinar exchange rate against the US dollar.
He further stated, “The figure announced by the Central Bank for foreign currency cash reserves of 76 billion dollars, must be backed up by precise data provided by the Bank to the Finance Committee, not just the media’s launches here and there.”
He added that if the increase in the cash reserve to the number that is too large, the Central Bank is used to support the Iraqi dinar exchange rate against the US dollar as responsible for monetary policy in the country.
It is noteworthy that the Central Bank of Iraq has increased reserve of hard currency Iraq to 76 billion dollars was up to 66 billion dollars.
Updated 20 Oct 2013 | Soruce: IKH News | By S.Seal
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