Wednesday, June 23, 2010

***Central Bank, Shabibi, denies the political and economic impact of Iraq because of the robbery

"The central bank sets the exchange rate of the dinar through auctions periodically for currency and the economy continues to Iraqi isolated significantly from the global financial system is dominated by oil, of which the exports more than 95 percent of state revenues, Iraq has the third largest reserves of crude oil in the world"


23/06/2010

Central Bank denies the political and economic impact of Iraq because of the robbery

Baghdad, denied the Iraqi Central Bank, on Wednesday, the deterioration of the economic relationship with the outside world because the process of storming that took place in 13 of the month.

The Iraqi Central Bank Governor Sinan al-Shabibi during a news conference held in Baghdad and attended by the correspondent of the agency Kurdistan News (Akaniwz) that "the recent attack that targeted the central bank was aimed at destabilizing security and political situation in the country, especially as it comes one day before the date of the first meeting of the Iraqi Parliament its second session. "

He stressed that "all the criminals did not find the task by terrorist gangs that have been able to storm the Central Bank of Iraq."

He Shabibi that "economic policy over Iraq is not affected by the incident to storm the Central Bank, which was well-planned and well-studied long ago by the terrorist groups that the bank's board adopted the electronic archiving as well as a place to an alternative we have been able during which we communicate with the outside world."

The Central Bank of Iraq was on the thirteenth of this month to an attack claimed by "Islamic State of Iraq" by suicide bombers blew themselves up in a sequential manner after clashes with security forces, the Bank and the Iraqi military that killed 18 people and wounding more than 70 others, as well as causing damage in the central building and burning of some sections, also preceded by a bank robbery, "Mashkhab," which was stolen from him repute 6 billion and 510 million dinars have been retrieved most of the amount at a later time.

Shabibi and that "the economic situation in Iraq is witnessing a remarkable development, but he needs to make more efforts in the real part of economic development."

The central bank sets the exchange rate of the dinar through auctions periodically for currency and the economy continues to Iraqi isolated significantly from the global financial system is dominated by oil, of which the exports more than 95 percent of state revenues, Iraq has the third largest reserves of crude oil in the world.

The Central Bank of Iraq is the Central Bank of the Republic of Iraq, the headquarters of the Iraqi capital, Baghdad, founded in 1947, the management of ownership, and was formerly called the "National Bank of Iraq," and then re-founded based on the law of the Iraqi Central Bank in 2004 with capital 100 billion dinars.


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