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Al-Sudani's financial advisor determines the fate of Iraqi deposits in US banks.. What is their value?
April 27 15:03 1 shares
Information / special.
Today, Thursday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained the fate of the reserves of the Central Bank of Iraq located in American banks,
while determining the value of the "sovereign portfolio."
In an interview with Al-Maalouma Agency, Salih said,
"Diversifying the central bank's reserves from various foreign currencies and various safe investment tools ensures its protection from legal and price risks," stressing:
"There is no pressure exerted on diversifying reserves." He added,
"These reserves are usually invested in semi-liquid sovereign foreign debt instruments, such as remittances and treasury bonds managed by the governments of countries in the first industrialized world, especially debt instruments with high credit ratings and with appropriate interest, whether they are
American,
European,
Japanese and
Chinese." Al-Sudani's financial advisor explained,
"The investment portfolio of the Central Bank of Iraq
(which includes the country's foreign reserves of various currencies and gold) is
managed according to the optimal global standard ratios,
which are formed in the currencies of the
dollar, the
euro, the
pound sterling, the
Chinese yuan, the
Japanese yen and
gold."
Regarding the value of the sovereign portfolio, Saleh stated that
"these currencies are worth about $115 billion in total," pointing out that "the
US dollar invested in US bonds and transfers constitutes a weight of
no less than 35-40% of those reserves, since
dollar oil revenues are The basic origin of the reserves, and that
the oil market is mainly a dollar market,
since its inception before the First World War until now.
The Ministry of Oil announced, today, Thursday, the
final statistics for the revenues of last March, while confirming that it amounted to more than 7 billion dollars.
And the revenues from oil exports and sales from Iraq to the rest of the countries go to the Federal Central Bank,
which controls the form of Iraqi deposits,
which causes popular and political anxiety as a result of Washington’s control of the hard currency. Ended / 25R
https://almaalomah.me/news/economy/مستشار-السوداني-المالي-يحدد-مصير-الودائع-العراقية-بالبنوك-ال
April 27 15:03 1 shares
Information / special.
Today, Thursday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained the fate of the reserves of the Central Bank of Iraq located in American banks,
while determining the value of the "sovereign portfolio."
In an interview with Al-Maalouma Agency, Salih said,
"Diversifying the central bank's reserves from various foreign currencies and various safe investment tools ensures its protection from legal and price risks," stressing:
"There is no pressure exerted on diversifying reserves." He added,
"These reserves are usually invested in semi-liquid sovereign foreign debt instruments, such as remittances and treasury bonds managed by the governments of countries in the first industrialized world, especially debt instruments with high credit ratings and with appropriate interest, whether they are
American,
European,
Japanese and
Chinese." Al-Sudani's financial advisor explained,
"The investment portfolio of the Central Bank of Iraq
(which includes the country's foreign reserves of various currencies and gold) is
managed according to the optimal global standard ratios,
which are formed in the currencies of the
dollar, the
euro, the
pound sterling, the
Chinese yuan, the
Japanese yen and
gold."
Regarding the value of the sovereign portfolio, Saleh stated that
"these currencies are worth about $115 billion in total," pointing out that "the
US dollar invested in US bonds and transfers constitutes a weight of
no less than 35-40% of those reserves, since
dollar oil revenues are The basic origin of the reserves, and that
the oil market is mainly a dollar market,
since its inception before the First World War until now.
The Ministry of Oil announced, today, Thursday, the
final statistics for the revenues of last March, while confirming that it amounted to more than 7 billion dollars.
And the revenues from oil exports and sales from Iraq to the rest of the countries go to the Federal Central Bank,
which controls the form of Iraqi deposits,
which causes popular and political anxiety as a result of Washington’s control of the hard currency. Ended / 25R
https://almaalomah.me/news/economy/مستشار-السوداني-المالي-يحدد-مصير-الودائع-العراقية-بالبنوك-ال
