On
last Sunday, Central Bank of Iraq, CBI has revealed that the arrival
of foreign currency reserves of more than $88 billion, stressing 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.”
“The accounts of November, exceeded the barrier of 88 billion dollars of those currencies,” he remarked.
“The rise of the foreign currency reserves will be reflected positively
on Iraq through its contribution to the stability of the local
currency that witnessed a remarkable rise recorded before their foreign
counterparts.”
In May, 2012, the central bank of Iraq has
announced that the foreign currency reserves reach 74 billion dollars,
assuring that t represents “the highest rate recorded in the history of
Iraq.
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