"Foreign exchange payments for the performance of Iraq's international policy and the empowerment of the Iraqi dinar exchange rate to achieve stability in the standard of living and development efforts and economic well-being"CBI invests part of it foreign cash reserves
December 14, 2009 - 12:59:51
BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq (CBI) on Monday said it had signed an agreement with its Dutch counterpart to invest part of its foreign cash reserves in safe portfolios, according to a bank statement.
“The bank governor, Sanan al-Shabiby, has signed an investment agreement with the Dutch Central Bank,” read the statement that was received by Aswat al-Iraq news agency.
The CBI had signed similar agreements with international banks and institutions, the statement noted.
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Central Bank of Iraq signed an investment agreement with the Dutch bank
Conscious / Baghdad / m a
14/12/2009
Occurred Iraqi Central Bank Governor on the agreement to invest part of the bank reserves of foreign currencies with the Dutch bank on the tenth of this month in Amsterdam.
According to a press statement issued by the Central Bank of Iraq has received (and the Iraqi news agency media / conscious) a copy of this agreement .
Provides a safe investment for the bankrupt bank's investment portfolio has assets with a foreign government a high degree of safety and liquidity, with achieving high returns on investments commensurate with the size of those investments.
The statement added that "As the Central Bank of Iraq had signed similar agreements with several central banks and international financial institutions," ...
Noting that "the Iraqi Central Bank's strategy for managing its foreign exchange reserves have priorities is to maintain security on that precautions and safety and reduce the risks seismic economic occurring outside the country while ensuring reasonable returns commensurate with the size of those needs in order to develop and seeks CBI and within the guidelines for monetary policy, taking into account and permanently provide the necessary liquidity ...
Foreign exchange payments for the performance of Iraq's international policy and the empowerment of the Iraqi dinar exchange rate to achieve stability in the standard of living and development efforts and economic well-being
