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International Monetary indicates a rise in Iraq's hard currency reserves
Monday 08 May 2023 09:19 | Economical Number of readings: 48
Baghdad / NINA / - The International Monetary Fund revealed, today, Monday, that Iraq's hard currency reserves have increased, and
it is likely that they will not reach 100 billion US dollars during the current year 2023.
And the fund expected, through the schedule for the current month of May, that Iraq's reserves of hard currency during the current year 2023 will reach about 99.4 billion dollars, after
it was 97 billion dollars in 2022," noting that
"it is also expected that" these reserves will decrease to 93.1 billion. dollars in 2024. And she added,
"Iraq's reserves have increased significantly from what they recorded in 2020, which at that time amounted to 54.4 billion dollars, while the reserves in 2021 amounted to about 64.2 billion dollars, and in 2022 they amounted to 97 billion dollars."
And the hard currency reserve, which is the state’s reserves of foreign currencies, and
it is called the foreign exchange reserve, and
the aim of the reserve is to protect the state and maneuver with it in times of economic recession or wars. / End 8
https://ninanews.net/Website/News/Details?key=1051927
Monday 08 May 2023 09:19 | Economical Number of readings: 48
Baghdad / NINA / - The International Monetary Fund revealed, today, Monday, that Iraq's hard currency reserves have increased, and
it is likely that they will not reach 100 billion US dollars during the current year 2023.
And the fund expected, through the schedule for the current month of May, that Iraq's reserves of hard currency during the current year 2023 will reach about 99.4 billion dollars, after
it was 97 billion dollars in 2022," noting that
"it is also expected that" these reserves will decrease to 93.1 billion. dollars in 2024. And she added,
"Iraq's reserves have increased significantly from what they recorded in 2020, which at that time amounted to 54.4 billion dollars, while the reserves in 2021 amounted to about 64.2 billion dollars, and in 2022 they amounted to 97 billion dollars."
And the hard currency reserve, which is the state’s reserves of foreign currencies, and
it is called the foreign exchange reserve, and
the aim of the reserve is to protect the state and maneuver with it in times of economic recession or wars. / End 8
https://ninanews.net/Website/News/Details?key=1051927
