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What did the 12 billions of dollars do to the state treasury?.. a reassuring answer for the first time
2,034 Economy 12/31/2021 18:18 ak
Baghdad today - Baghdad
Today, Friday, a former member of the Parliamentary Finance Committee, Jamal Cougar, commented on Prime Minister Mustafa Al-Kazemi’s announcement of providing $12 billion from the reserves of the Central Bank of Iraq.
Cougar said in a statement to (Baghdad Today), that "increasing the reserves of the Central Bank and providing the financial cover for it, will contribute to Iraq being safe from economic crises.
He added, "When the Corona crisis swept and hit the global economy, the only recourse for the Iraqi state was the bank reserve," noting that
"when the reserve reached $48 billion, a warning was sent to the Iraqi government against withdrawing more because in this case the Iraqi dinar will lose its purchasing power.".
What did the 12 billions of dollars do to the state treasury?.. a reassuring answer for the first time
2,034 Economy 12/31/2021 18:18 ak
Baghdad today - Baghdad
Today, Friday, a former member of the Parliamentary Finance Committee, Jamal Cougar, commented on Prime Minister Mustafa Al-Kazemi’s announcement of providing $12 billion from the reserves of the Central Bank of Iraq.
Cougar said in a statement to (Baghdad Today), that "increasing the reserves of the Central Bank and providing the financial cover for it, will contribute to Iraq being safe from economic crises.
He added, "When the Corona crisis swept and hit the global economy, the only recourse for the Iraqi state was the bank reserve," noting that
"when the reserve reached $48 billion, a warning was sent to the Iraqi government against withdrawing more because in this case the Iraqi dinar will lose its purchasing power.".
