Hard currency reserve of central bank of Iraq reached 88 billion dollars

On last Sunday, Central Bank of Iraq, CBI has revealed that the arrival of foreign currency reserves of more than 88 billion dollars, indicating that it contributes to the stability of the dinar could be a “source of pride” for the Iraqis.

Abdul-Basit Turki, the governor of the Central Bank and the Agency, stated in an interview session that “the bank accounts the beginning of October 2013, recorded a reserve exceeds 76 billion dollars of hard currency,” noting that “the accounts of November, exceeded the barrier of 88 billion dollars of those currencies.”
He further remarked that “rising hard currency reserves reflect positively on Iraq through its contribution to the stability of the local currency, which began a remarkable rise recorded in front of their foreign counterparts,” returned that “it is a source of pride for the Iraqis.”

In the month of May, last year, the central bank of Iraq has announced that the arrival of foreign currency reserves to 74 billion dollars, saying that it represents “the highest rate of” record in the history of Iraq.