Militia Man
Article: "The Central Bank of Iraq lists the reasons for the decline in foreign exchange reserves"
Quote "...Central banks resort to withdrawing cash liquidity from the market through enhanced cash sterilization operations as part of its efforts to maintain monetary stability.
The central bank emphasized that despite the decline it still possesses large net foreign reserves relative to the money supply which is relatively secure according to international financial standards."
They're saying they've got it covered and what they're doing is using what they call 'sterilization'.
