IMF: Iraq reserves currently stand at $ 68 billion

Representational file photo.
Representational file photo.

( Baghdad – The International Monetary Fund, announced on Wednesday that Iraq reserves stand at $ 68 billion, compared to 66 billion last year.

An informed source in the International Monetary Fund said in an interview for “Iraq’s financial reserves currently stand at $ 68 billion, compared to $ 66 billion at the end of last year.”

Prime Minister Haider al-Abadi stressed on Wednesday that there is no fear on the dinar exchange rate against the dollar, noting to the existence of fraud and conspiracy to influence the current situation.

It is noteworthy that the Governor of the Central Bank Ali al-Alaq expressed (in March 3, 2015) surprise at the statements by some officials about the low reserves of hard currency, stressing that Iraq does not suffer from any decline and has good revenues and there are no concerns, pointing out that the Iraqi dinar is covered by 150% of the hard currency.

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