CBI: There is no threat to the reserves
Baghdad – INA
The Central Bank of Iraq ruled out a threat to hard currency reserves as a result of borrowing, and while noting that the oil market recovery maximizes the reserve, he stressed that changing the exchange rate created competition between the local producer and the importer.
The Director General of the Accounting Department at the Central Bank, Ihssan Shamran, told the Iraqi News Agency (INA), today, Sunday, that "the dollar reserve of the Central Bank is not directly affected by the borrowings that the Ministry of Finance makes from banks," noting that "its impact is indirect and limited."