Sunday Slice: Saleh: The Central Bank Has A Comfortable Reserve That Helps It Impose Stability In Exchange Ratesv

Sunday Slice: Saleh: The Central Bank Has A Comfortable Reserve That Helps It Impose Stability In Exchange Rates To see this article in full and MORE go to: My FX Buddies Blog Saleh: The Central Bank Has A Comfortable Reserve That Helps It Impose Stability In Exchange Rates link The economic expert and financial advisor to the government, Mazhar Muhammad Salih, confirmed today, Sunday, that the Central Bank currently possesses a comfortable cash reserve of foreign currencies, pointing out that there is a direct correlation between the current account surplus of the Iraqi balance of payments and the development of foreign reserves. Saleh said in a statement to the "Information" agency, that "the monetary policy of the Central Bank of Iraq has today, a strong foreign reserve tool that can maintain the purchasing power of the Iraqi dinar and face inflationary expectations with a high capacity due to the surplus in the current account of the balance of payments." He added that "the Central Bank of Iraq's dollar reserves can be exploited through the power of intervention to impose stability in the exchange market through open market operations exercised by the monetary authority to achieve the operational goals of monetary policy with ease and flexibility."