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It is likely that foreign reserves will rise to more than 70 billion dollars

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https://www.alsumaria.tv/news/خاص-السومرية/422029/ترجيحات-بارتفاع-الاحتياطي-الأجنبي-الى-أكثر-من-70-مليار-دولار

It is likely that foreign reserves will rise to more than 70 billion dollars

Sumerian special    2022-05-30 | 05:20
Alsumaria - Iraq news

Source:  Sumerian  495 views


Economic reality: the foreign reserves are likely to rise to more than $70 billion.

There is talk of a clear relative increase in the volume of foreign currency reserves for Iraq, to more than seventy billion dollars, amid expectations of positive repercussions if the right development plans are put in place.

Toward high levels, the size of Iraq's cash reserve is increasing.

Expectations indicate that it may exceed the limits of seventy billion dollars at the end of this year.

Developments that many hope will have positive effects, provided that they think about putting development plans at the forefront of work.  

This rise in the volume of foreign currency reserves could be a basis to thwart any future moves to raise the value of the dollar,

and may constitute a step towards restoring exchange rates stability in a way that is in the interest of the citizen.

This relatively high level makes Iraq reassuring about the level of foreign reserves, and here the need remains necessary for there to be a process of balance between the level of financing and development steps and means of production to achieve stability.  

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