Parliamentary Finance: The high cash reserves of Iraq to 87 billion dollars and cover the expenses of a year and a half

by **claud39** Thu Dec 19, 2019 8:13 pm

Parliamentary Finance: The high cash reserves of Iraq to 87 billion dollars and cover the expenses of a year and a half

20:01 - 19/12/2019

Parliamentary Finance: The high cash reserves of Iraq to 87 billion dollars and cover the expenses of a year and a half %D8%AF%D9%88%D9%84%D8%A7%D8%B1-3-696x435

Information / private ...

The Parliamentary Finance Committee announced, on Thursday, that Iraq has a cash reserve estimated at $ 87 billion, indicating that it is sufficient to cover Iraq’s operational needs for about a year and a half.

A member of the Finance Committee, Ahmed Hama, said to "Information" that "according to the global frameworks, a country that has a cash reserve covering its operating expenses for six months is considered to have a relatively stable economy."

He added that " Iraq needs 5 billion dollars a month to cover its operating expenses from the salaries of state employees and the conduct of daily life," noting that " Iraq, according to global accounts, needs 30 billion dollars in operating expenses for six months."

He explained that "the total Iraqi cash reserves of currencies, gold and financial bonds are estimated at about 87 billion dollars," noting that it "covers Iraq’s operating expenses for a year and a half." Ended 25 and

https://www.almaalomah.com/2019/12/19/444709/