CBI: local market Msatralih and became a strong dinar is not

[Stillw8n]

CBI: local market Msatralih and became a strong dinar is not affected by the volatility of regional currencies

Baghdad (news) .. A Deputy Governor of the Central Bank of the appearance of Mohammed Saleh, a new policy with the central bank to avoid the risk of the impact of currencies of neighboring countries on the Iraqi dinar exchange rate, because it has a cash reserve large hard currency.

Salih said (of the Agency news) on Wednesday: The Central Bank has the largest financial reserve of hard currency in the history of Iraq, reaching more than (60) billion dollars to cope with difficult circumstances that may pass in the country.

He pointed to: that the Central Bank of Iraq in control of the local market by injecting liquidity or withdrawn and has a policy on the medium term and short to avoid serious impact Tdhoramlat neighboring countries to the Iraqi currency, continued, that the reserve is enough for a full year to meet the needs of the country of hard currency.

He added that the Iraqi dinar today has become a strong and covered with foreign currency and by more than all (100%), so it is not easily affected by the fluctuations in the exchange rate of the currencies of neighboring countries.

and the Deputy Governor of Central Bank: the sale and purchase of the dollar in the local markets are now through the window and not through the auction, in order to maintain the stability of exchange rate of the Iraqi dinar against foreign currency, shall be through inventory liquidity of the Iraqi dinar in the market and then is pumped into the dollar either in the form of cash Aoicon the form of “remittances” specialized private traders on the importation of goods.

The Altoman Iran has dropped significantly against the U.S. dollar reaching (320) Toman Iran against one U.S. dollar a , while in front of the Iraqi dinar has fallen at a rate (50%), where he was Altoman Iranian equivalent of one (1000) Iraqi dinars, while now the equivalent of (500) Iraqi Dinars.

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