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The Central Bank of Iraq: We have 20 trillion dinars for the government

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The Central Bank of Iraq: We have 20 trillion dinars for the government

Post by RamblerNash on Wed Jul 11, 2018 11:17 am

The Central Bank of Iraq: We have 20 trillion dinars for the government

Central Bank of Iraq

Economy News Baghdad

The Central Bank of Iraq reported on Wednesday that the debts owed by the government amounted to 20 trillion dinars, explaining that the optimal use of surplus amounts by the budget this year, the payment of that office.

"The bank's view, based on economic, financial and monetary considerations, believes that the best use of surplus amounts by balancing the current year of oil exports is to pay debts," said Al-Alaq, the governor of the Central Bank of Iraq. Which is central to the central bank and other banks, "noting that" their performance would fortify the bank from any future crisis, especially that the debts resulting from the government's budget amounted to the limit of 20 trillion dinars. "

"This method will contribute to maintaining financial, monetary and banking stability in the country, and it is necessary to give great importance, especially as the volume of liquidity drawn from the central bank is very large," he added.

And on the external debt, explained the links, "The installments are few and benefits are far and most of them debts not resolved," stressing that "there is no problem in postponement."


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