* CBI: Continued rise of the dollar will negatively impact on bank reserves
Description of the Central Bank of Iraq marked increase in the price of the dollar for the sale and purchase against the Iraqi dinar (b fierce attack) on the currency in Iraq, stressing that the continued rise will impact negatively on bank reserves from the dollar.
The deputy governor of the Central Bank of the appearance of Mohammed Saleh said: “The rise in the price of the dollar was expected”, describing the rise of “quasi-attack on the currency.”
Salih stressed that “the rise will affect the central bank reserves,” noting that “the central bank has control over the liquidity of the mechanisms studied such as the withdrawal of any dinars in the market there must be out of dollars and this is the case of the balance sheet of the Central Bank, which is essentially is one” explaining that “influence the rise of the dollar will be clear as it should be withdrawn any dollars matched by the stability of the Iraqi dinar.”
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