Central Bank of Iraq disclosed that its reserves of foreign currency reached to $76 billion. In a speech, during the inauguration of Financial Auditing in Karbala, Acting Governor Abdu Basit Turkey announced that there are possibilities of increasing general budget in future.
He added that the support of Iraqi currency does not depend on gold.
"It forms only 10% of government's reserves, because depends on foreign currency since 1971", he added.
He added that Iraq will have more flexibility following the lifting up of UN Security Council's Chapter VII mandate.