Iraq's CBI Governor, Shabibi ~ The Central Bank Ghaderaly to deal with inflation

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07/12/2011

Shabibi ~ The Central Bank Ghaderaly to deal with inflation

Baghdad (news) .. said Central Bank Governor Sinan Shabibi that the bank is the only party that has the potential to deal with inflation by virtue of what is owned by the cash.

Shabibi said in a statement singled out by the Agency (news) on Wednesday: that the bank is working to raise the level of liquidity due to the reality of inflation in the market, pointing to the Central Bank monitors the level of inflation accurately through a specialist, after we get Tqriraljhaz Central Bureau of Statistics, noting: the raising and lowering the liquidity to be put to the market be in accordance with the reality of the report.

Shabibi said: that the cash reserve which is owned by the market in which you can preserve the value of the currency and protect it from any attempts Tatherma on monetary value.

The central bank governor said in previous statements that Iraq has the largest cash reserve in its history, and this leads to Astaqraralamlh and the level of its exchange rate.

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