Central Bank's "Gate of Iraq": the start of the exchange rate stability because of the strength of the financial sector

05/19/2012 23:06

A special "gate of Iraq"

Deputy Central Bank Governor Dr Mazhar Mohammad Saleh said in a statement singled out the "gate of Iraq" that the fluctuation of the exchange rate of the Iraqi dinar in the first quarter of this year, start receding as the currency exchange tends to be stable because of the strength of the financial sector.

Saleh added, "The current account surplus of the balance of payments relative to GDP of more than 10 percent, and this high proportion at the global, this index largely on the level of strategic capabilities, Valmalah public and central bank reserves of foreign currency is the highest in the country's history in terms of surpluses."

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