Former CBI Gov. Shabibi: CBI capable of dealing with inflation because of its cash flow

Posted by on Oct 23, 2013 | Leave a Comment

 

Baghdad (newsletter).The Central Bank Governor Sinan Al-Shabibi said only the Bank that owns the possibility of dealing with inflation because of its cash flow.

 

Al-Shabibi said in a statement with (News Agency) reported Wednesday that the Bank is working on raising cash depending on the reality of the market inflation, pointing to the Central Bank is watching inflation very precisely through your specialist, after we get confirmation the body of statistics,

 

stating: to raise and lower the liquidity being put to market is, according to the report.

 

Al-Shabibi said: the market’s cash reserve can maintain the value of the currency and protect it from any attempts to affect they stealing their monetary value. The Central Bank Governor said in previous statements that Iraq has the largest cash reserves in its history and this leads to astkraralamlh and exchange rate level.

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