PARLIAMENTARY FINANCE: CENTRAL BANK RESERVES STOOD AT 72 BILLION DOLLARS
Tomorrow’s Press / Baghdad: A member of the parliamentary Finance Committee Abdul-Hussein al-Yasiri, Monday, that the Iraqi Central Bank reserves stood at 72 billion dollars, saying that there placement reserve bank foreign currency being keeps the price unlike gold. Yasiri said for “tomorrow’s Press,” The “Iraqi Central Bank reserves of foreign currency is 72 billion dollars, instead of the gold reserves.”
added Yasiri that “At the moment gold little value as demand was replaced reserves the central bank to foreign currency being keeps the price unlike gold,” adding that “all There is demand for the metal in the world there is a rise and all the less demand at least the price of the metal. ”
It is noteworthy that the Iraqi Central Bank was established as a bank independent under the law issued on the sixth of March 2004, as an independent body, which is responsible formaintaining price stability and the implementation of monetary policy, including exchange rate policies are being daily sessions for buying and selling currencies.