WELCOME TO BONDLADYS CORNER...WE CARRY ON HER CUSTOM OF MAKING THIS SITE YOUR 24 HOUR A DAY IRAQ NEWS ARTICLE SOURCE


You are not connected. Please login or register

Central Bank announces the rise of Iraq's foreign currency reserves to 51.5 billion dollars

Go down  Message [Page 1 of 1]

ikea


MEMBER
MEMBER
http://economy-news.net/content.php?id=11712

Central Bank announces the rise of Iraq's foreign currency reserves to 51.5 billion dollars

Side of the meeting of the Governor of the Central Bank on the relations with the local media
«Economy News»
Economy News Baghdad:


The governor of the Central Bank of Iraq, Ali Alalak, the rise of Iraq's foreign currency reserves to 51.5 billion dollars.

Al-Alak said in a meeting with a number of editors of local newspapers and news agencies, including the "Economy News", that "the foreign reserves rose this year to 51.5 billion dollars because of the failure of the central bank to buy treasury remittances," adding that

"the central bank has gone a long way in managing Foreign reserves and we are starting to generate financial returns by investing gold abroad."

He pointed out that "the Central Bank was able to restore the independence lost since 1980 to the government in addition to controlling inflation, which reached 40% before 2003 and now 4%."

"The stability of the banking sector is an essential objective to achieve financial stability and curb inflation," he said.

He continued that "the system of payments in the Central Bank is one of the most advanced systems in the world and estimated transactions carried out monthly 14 trillion dinars did not face any violations."


Views Date Added 26/03/2018

tlm724

avatar
ADMINISTRATOR
ADMINISTRATOR
Thank you ikea ! Here is another source

________________________________________

POSTED ON 2018-03-27 BY SOTALIRAQ
The Central Bank announces the rise of reserves of foreign currency
The governor of the Central Bank, Ali Alalak, on Monday, the rise of Iraq's foreign currency reserves to 51.5 billion dollars.

Al-Alak said in a press statement today (March 26, 2018) that "the foreign reserves rose this year to 51.5 billion dollars because of the central bank's purchase of treasury remittances."

"The central bank has gone a long way in managing foreign reserves and we are starting to generate financial returns by investing gold abroad."

"The central bank has been able to regain its independence since 1980, as well as controlling inflation, which reached 40 percent before 2003 and is now 4 percent," he said.

He added that "an international company has audited the accounts of Rafidain Bank and Rashid to re-structure and formed a committee headed by the Governor of the Central Bank for the purpose of privatization of the banks."

He pointed out that "the stability of the banking sector is a key objective to achieve financial stability and curb inflation, and the system of payments in the Central Bank is one of the most advanced systems in the world and estimated transactions monthly by 14 trillion dinars without facing any violations."

https://www.sotaliraq.com/2018/03/27/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D8%B9%D9%84%D9%86-%D8%B9%D9%86-%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8%A7%D8%AD%D8%AA%D9%8A%D8%A7%D8%B7%D8%A7%D8%AA/


_________________
Lifes purpose is not to arrive at the grave in a well preserved body, but rather to slide in sideways shouting HOLY CHIT what a ride

tlm724

avatar
ADMINISTRATOR
ADMINISTRATOR

Central Bank confirms the rise of Iraq's foreign currency reserves
March 27, 2018 20 views
Media treasures - economy

The governor of the Central Bank of Iraq, on Monday, the rise of Iraq's foreign currency reserves to 51.5 billion dollars.

"The foreign reserves rose during the current year to 51.5 billion dollars because of the non-purchase of the central bank for remittances of the Treasury," Al-Aalak said in a statement.

"The central bank has gone a long way in managing foreign reserves and we are starting to generate financial returns by investing gold abroad."

"The central bank has been able to regain its independence since 1980, as well as controlling inflation, which reached 40 percent before 2003 and now stands at 4 percent," he said.

He pointed out that "an international company has audited the accounts of Rafidain and Rashid to re-structure and formed a committee headed by the Governor of the Central Bank for the purpose of privatization of the banks."

"The stability of the banking sector is a key goal to achieve financial stability and curb inflation, and the system of payments in the Central Bank is one of the most advanced systems in the world and estimated transactions carried out monthly by 14 trillion dinars without facing any breaches ss

http://www.knoozmedia.com/322690/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D8%A4%D9%83%D8%AF-%D8%A7%D8%B1%D8%AA%D9%81%D8%A7%D8%B9-%D8%A7%D8%AD%D8%AA%D9%8A%D8%A7%D8%B7%D9%8A-%D8%A7%D9%84%D8%B9/


_________________
Lifes purpose is not to arrive at the grave in a well preserved body, but rather to slide in sideways shouting HOLY CHIT what a ride

Sponsored content


Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum