Iraq Has 68 Billion Dollars Hard Cash Reserves

Iraq Has 68 Billion Dollars Hard Cash Reserves

On Wednesday, the International Monetary Fund issued a statement that Iraqi reserves has improved and now they are currently at 68 billion U.S dollars, two billion more when we compare to the last year’s reserves of 66 billion U.S dollars. According to our authentic source inside the Iraqi Central Bank, the Iraqi hard cash reserves have increased and these reserves are now at 68 billion U.S dollars, which is 2 billion more compared to the last year’s 66 billion U.S dollar.

The Iraqi Prime Minister Haider Al Abadi also stressed that the Iraqi dinar currency is gaining its previous position very strongly and we don’t have any kind of fear regarding Iraqi dinar exchange rate against the U.S dollar, because Iraqi government and the Iraqi Central Bank have taken some major steps in order to maintain the Iraqi dinar exchange rate. The presence of fraud and disloyalty esteemed the current Iraqi economic condition. It is further said that the Governor of the Iraqi Central Bank issued a statement on 3rd March 2015 when he surprised on the statements by some officials discussing about the low Iraqi reserves of hard cash. He said that Iraq is a powerful country and will not suffer by any kind of downfall and we will generate handsome revenue. He further said that Iraqi dinar currency is now 150 percent as hard cash.

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