CBI: Currency reserves have exceeded $88 billion

Posted by on Nov 25, 2013 | Leave a Comment

 / Baghdad
Revealed the CBI, on Sunday, 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.

The governor of the Central Bank and the Agency, Abdul-Basit Turki, said in an interview to the (long-Presse), “The bank accounts the beginning of October 2013 the past, recorded a reserve exceeds 76 billion dollars of hard currency,” noting that “the accounts of November current, exceeded the barrier of 88 billion dollars of those currencies. “

Turki added 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.”

The Central Bank of Iraq, had announced in May last year, about the arrival of foreign currency reserves to 74 billion dollars, saying that it represents “the highest rate of” record in the history of Iraq.

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