Al-Kazemi’s advisor identifies three factors that strengthened the financial reserve in the Central Bank
political Yesterday, 11:09
Baghdad - conscious - Nassar al-Hajj
Today, Saturday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, identified three factors that contributed to strengthening the financial reserves in the Central Bank of Iraq, while confirming the success of the government's economic policy in 2021.
Saleh told the Iraqi News Agency (INA): "These factors are the
good disposal of public finances, as well as the
good management of the economy and its external payments, as well as the
management of the oil sector in conjunction with the rise in oil prices," noting that
"these factors contributed to strengthening the financial reserve and helped The development of the central bank's reserves is at an almost efficient level.
He pointed out that "the Central Bank currently enjoys reserves at the level of efficiency with regard to its
ratio to wasteful debt, its
ratio to the money supply, and its
ratio to Iraq's other foreign obligations,
as the balance of payments is almost all in a positive situation," stressing "the success of the government's economic policy in year 2012".
A senior source in the Central Bank of Iraq had confirmed earlier that Iraq's reserves of hard currency had risen to 64 billion dollars due to the rise in the oil markets.