Iraqi Dinar 123 News:– It was announced on Monday that the Central Bank reserves have reached 76 billion dollars. This is a great reserve amount for a country like Iraq that has been suffering since long. Taking a look at the amount of reserve the government is going o discuss and announce three new laws. These laws are going to be based on the Central Bank Act and the Banking Act and the Money Laundering Act. This would be helpful in future in all kind of monetary and financial dealings.
They are having discussions with the Governor of the Central Bank to manage the money laundering issues and handle the things that are going on and set up such laws that would handle the issues that are damaging the financial conditions of the country. The reserve currency from the central bank is equal to 76 and three hundred million dollars which is equal to the amount of money that is in circulation in the market in the form of dinars. Iraq is running in the right direction now and with the commencement of the decided laws things would work out in a much better way in future. The reserve amount of money for the country is going to be helpful in future.