CBI: We continue to deal with USD in the market despite the rumors

Monday 06th January 2020 - 15:14

 CBI: We continue to deal with USD in the market despite the rumors

INA – BAGHDAD

Central Bank of Iraq – CBI confirmed its continuation of dealing with USD in the market.

CBI warned from rumours that there are problems impeding the flow of the USD.

"Iraq’s reserves and external assets are obligated in the custodian of these deposits, bonds, cash or gold to be paid upon request," Director-General of Financial Operations and Administration at the Central Bank, Mahmoud Dagher, told Iraqi News Agency INA.

He pointed out that the flow of money to cover imports and the needs of the USD are reassuring, and there is no real justification for fear regarding economic changes.

"Iraq’s reserves are in all countries of the world and not only the Federal Reserve," he added "the central banks do not deal with reactions from contradictions or tensions,"

Dagher noted that the CBI continues to deal with USD in the market on demand, and there is no problem hindering the flow of the dollar to the markets.