Dinar Daily
Would you like to react to this message? Create an account in a few clicks or log in to continue.

Get Daily Updates of the NEWS & GURUS in your EMAIL
CHECK YOUR EMAIL for VERIFICATION

Enter your email address:

The Central Bank calls for the establishment of a sovereign fund to benefit from the financial abundance DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

The Central Bank calls for the establishment of a sovereign fund to benefit from the financial abundance

Go down

The Central Bank calls for the establishment of a sovereign fund to benefit from the financial abundance Empty The Central Bank calls for the establishment of a sovereign fund to benefit from the financial abundance

Post by RamblerNash Sun Jul 17, 2022 10:18 pm

The Central Bank calls for the establishment of a sovereign fund to benefit from the financial abundance 2395
Update 07/17/2022 - 8:18 PM
  
The Central Bank of Iraq called for the establishment of a sovereign fund, after the financial abundance, while it was considered that the currency auction is a channel to provide hard currency for the imports of foreign traders .

The Deputy Governor of the Bank, Ammar Khalaf, said in an interview with Shafak News Agency, "We call for the necessity of establishing a sovereign fund, especially to benefit from the financial abundance of the state ."

He added, "The decision to establish such a fund remains affiliated with the Iraqi government and the Ministry of Finance in the first place," noting that "it is possible for the central bank to contribute to the management of this fund ."

On the other hand, Khalaf considered that "the currency auction is a channel for providing foreign currency for traders to cover their imports of foreign goods, in addition to covering travelers' expenses through banks and exchange companies ."

Iraq is one of the countries that has benefited most from the rise in global oil prices during the past months, and the reason is that most of Iraq's financial resources come from oil .

Iraq's oil revenues amounted to 11.4 billion dollars last May, and last June 11.5 billion dollars .

https://economy-news.net/content.php?id=28885
RamblerNash
RamblerNash
GURU HUNTER
GURU HUNTER

Posts : 24129
Join date : 2015-02-19

View user profile

Back to top Go down

Back to top

- Similar topics

 
Permissions in this forum:
You cannot reply to topics in this forum