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With a decrease of two billion.. The Iraqi Central Bank reveals the dollar reserves and announces the success of supporting the dinar
economy U.S. dollar Central Bank of Iraq Iraqi dinar currency reserve
2023-07-16 08:54
Shafaq News/ The Central Bank of Iraq revealed, on Sunday, the size of the country's US dollar reserves, confirming the bank's success in managing cash liquidity and preserving the dinar.
The Central Bank's deputy governor, Ammar Hamad, told Shafaq News agency,
"The central bank's reserves of foreign currency are in a good position, amounting to $113 billion, and sufficient to manage financial liquidity and support the local currency." Hamad explained,
"The central bank's reserves are considered comprehensive, as they include all currencies, gold, bonds, and property," stressing that
the central bank "was able to manage cash liquidity, currency value, and preserve the Iraqi dinar."
The Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, had reported on March 28 that the central bank's reserves had reached $115 billion, the largest in Iraq's history.
And the Council of Ministers approved the decision of the Central Bank of Iraq to raise the value of the dinar against the dollar to 1,300 dinars instead of 1,470 dinars, in a step aimed at enhancing the value of the local currency.
And the rise in oil prices during the past year, which in some months reached more than 100 dollars, contributed to the rise in Iraqi financial revenues, which was positively reflected in the rise in Iraq's hard currency reserves.
https://www.shafaq.com/ar/اقتصـاد/بنقصان-مليارين-المركزي-العراقي-يكشف-احتياطي-الدولار-ويعلن-نجاح-دعم-الدينار
economy U.S. dollar Central Bank of Iraq Iraqi dinar currency reserve
2023-07-16 08:54
Shafaq News/ The Central Bank of Iraq revealed, on Sunday, the size of the country's US dollar reserves, confirming the bank's success in managing cash liquidity and preserving the dinar.
The Central Bank's deputy governor, Ammar Hamad, told Shafaq News agency,
"The central bank's reserves of foreign currency are in a good position, amounting to $113 billion, and sufficient to manage financial liquidity and support the local currency." Hamad explained,
"The central bank's reserves are considered comprehensive, as they include all currencies, gold, bonds, and property," stressing that
the central bank "was able to manage cash liquidity, currency value, and preserve the Iraqi dinar."
The Prime Minister's Advisor for Financial Affairs, Mazhar Muhammad Salih, had reported on March 28 that the central bank's reserves had reached $115 billion, the largest in Iraq's history.
And the Council of Ministers approved the decision of the Central Bank of Iraq to raise the value of the dinar against the dollar to 1,300 dinars instead of 1,470 dinars, in a step aimed at enhancing the value of the local currency.
And the rise in oil prices during the past year, which in some months reached more than 100 dollars, contributed to the rise in Iraqi financial revenues, which was positively reflected in the rise in Iraq's hard currency reserves.
https://www.shafaq.com/ar/اقتصـاد/بنقصان-مليارين-المركزي-العراقي-يكشف-احتياطي-الدولار-ويعلن-نجاح-دعم-الدينار
