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Central Bank announces the rise of foreign exchange reserves to 62 billion dollars

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ikea


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http://economy-news.net/content.php?id=16286

Central Bank announces the rise of foreign exchange reserves to 62 billion dollars

Economy News _ Baghdad

The Central Bank of Payments (CBE) Director-General Doha Abdel-Karim announced on Tuesday that foreign exchange reserves rose from US $40 billion to US $62 billion, while confirming the bank's success in controlling inflation.

"The central bank has managed to control the level of inflation, maintain prices, maintain the purchasing power of the national currency, adjust the exchange rate and close the gap between the official price and the market price," Abdul Karim said in an interview with the official newspaper Al-Sabah.

"Foreign currency reserves have increased from US $40 billion to US $62 billion and diversification of the currency basket to support the balance of payments and to cope with economic crises," she said.

It also coordinated with the Ministry of Finance in the management of public debt to support the budget and funding the deficit during the financial crisis experienced by Iraq because of low oil prices, the issuance of national bonds in the international financial market worth $2 billion, as well as the provision of new products to invest liquidity of commercial and investment banks And support their profitability."

Views 18 Date Added on 16/04/2019

tlm724

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Thank you for posting Ikea !

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Iraq's foreign exchange reserves rose to $ 62 billion
Bertha News Agency 29 2019-04-16


Iraq's central bank announced on Tuesday that Iraq's foreign currency reserves rose to 62 billion dollars.

"The bank's foreign exchange reserve rose from $ 40 billion to $ 62 billion," the official Al-Sabah newspaper quoted the central bank's payments director as saying. "We are diversifying the basket of currencies to support the balance of payments and the crisis."

"The central bank has managed to control the level of inflation and maintain prices and maintain the purchasing power of the national currency, and adjust the exchange rate and close the gap."

The Iraqi Central Bank, on July 12, 2018, that Iraq's foreign currency reserves amounted to 55.7 billion dollars, noting that Iraq has 89 tons of gold.

http://burathanews.com/arabic/economic/348624


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