Article: “The Central Bank of Iraq has three reserves to serve the requirements of monetary stability and development” Quote: “This reserve consists of: Foreign exchange papers…Which is estimated at more than (85) billion dollars. [2nd] Gold…is in the form of bullion or coins in the vaults of the International Monetary Fund…As for the third reserve, it is the special drawing rights: it is the new reserve and it is used to meet the deficit in the country’s traditional reserves and drawing rights are granted to each of the member states of the International Monetary Fund…” [Post 1 of 2….stay tuned]
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