Baghdad The financial expert, Madhar Muhammad Salih, confirmed that: The Central Bank’s hard currency reserves cover 20 import months.
He told the National Iraqi News Agency (NINA) that the net foreign currency reserves of the Central Bank of Iraq, along with the government’s reserves, amounted to more than 90 billion dollars, which is the highest in Iraq’s financial history.
Salih added that these reserves cover the value of the national currency exported to circulation by about one and a half times, and also cover about 20 import months, while the international standard does not exceed 3-6 months as a maximum.
Source: National Iraqi News Agency