Central Bank of Iraq: Despite the Events We Have Enough to Support Our Currency
|June 19, 2014||Filled under Iraqi Dinar News|
Iraqi Dinar News -
The Governor of Central Bank of Iraq, Abdel Basset Turki, on the strength of the Iraqi dinar and the precautions that supported despite the recent situation in Iraq and the militant groups to launch an attack on Iraqi territory and the occupation of part of it.
Said Turki in a statement to CNN in Arabic, during his participation and chaired by the FATF for the Middle East and North Africa to combat money laundering and terrorism financing in the capital of Bahrain, Manama: “The cash reserve supporter of the Iraqi dinar is 70 billion dollars and that the central bank is able to support the exchange rate of the dinar, which currently stands at 1200 dinars to the dollar but did not rule affected the exchange rate.”
He pointed out that the Iraqi dinar powered reserves and is tied in any other currency and cash reserves Ghaderth for his support, and assured Iraqis that those large reserves of state funds of the central bank is not in Iraq but in the states and other banks in Europe and other countries.
And influenced by the currency and the economy because of the military attack militant groups in Iraq, said: “There is no doubt that the latest of this size have an impact on the economy first and on the financial position and cash the other hand, the Iraqi state, but able to get out of this crisis.”
And money laundering in Iraq and in the region by virtue chaired this group said: “The Iraq and the GCC in particular and the Arab countries and Middle Eastern generally need to work doubly to stop the process of money laundering and financing of terrorism because there are a lot of gaps must be bridged for not world class and this is what we need now.”
He pointed out that Iraq has strong relationships and direct in this context, with the Central Bank of Abu Dhabi and medical relations with the Abu Dhabi National Bank and obese readiness for cooperation and coordination with the GCC countries in this area, especially in the technical field.
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