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Saleh Clarifies The Factors That Contributed To Strengthening The Country's Cash Reserves DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Saleh Clarifies The Factors That Contributed To Strengthening The Country's Cash Reserves

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Saleh Clarifies The Factors That Contributed To Strengthening The Country's Cash Reserves Empty Saleh Clarifies The Factors That Contributed To Strengthening The Country's Cash Reserves

Post by RamblerNash Sun Jan 02, 2022 9:51 pm

Author: Ahad8  On 1/1/2022 - 4:41 PM

The Financial Advisor To The Iraqi Prime Minister, Mazhar Muhammad Salih, Confirmed That His Country's Cash Reserve Has Been Strengthened, Citing Three Reasons.

He Said, "The Cash Reserve Was Strengthened Thanks To 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." 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 Many Wasteful Debts, Its Ratio To The Money Supply, And Its Ratio To Iraq's Other Foreign Obligations."

He Explained That The Bank Made "The Balance Of Payments Almost All In A Positive Situation," Stressing "The Success Of The Government's Economic Policy In 2012."

In Mid-December, The Governor Of The Central Bank Of Iraq, Mustafa Ghaleb, Revealed That The Country's Foreign Exchange Reserves Had Risen To $64 Billion, An Increase Of About $16 Billion Since The Devaluation Of The Local Currency Nearly A Year Ago.

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