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Modher Muhammad Salih to / NINA /: Currency and gold reserves are a cover of the country's short-term foreign debts DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

Modher Muhammad Salih to / NINA /: Currency and gold reserves are a cover of the country's short-term foreign debts

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Modher Muhammad Salih to / NINA /: Currency and gold reserves are a cover of the country's short-term foreign debts Empty Modher Muhammad Salih to / NINA /: Currency and gold reserves are a cover of the country's short-term foreign debts

Post by RamblerNash Fri Sep 30, 2022 10:28 pm

Modher Muhammad Salih to / NINA /: Currency and gold reserves are a cover of the country's short-term foreign debts 1003286-6a2d2e8c-7a58-4594-95c9-f19e92a2ec7c
Thursday 29 , September 2022
 
Baghdad / NINA / - The Financial Expert, Advisor to the Prime Minister, Modher Muhammad Salih, confirmed that the currency and gold reserves are a cover of the country's short-term foreign debts.

He told the National Iraqi News Agency (NINA): The efficiency of these reserves is seen with various indicators, such as the ratio of foreign reserves coverage of locally sourced cash, or the ratio of foreign reserves coverage of the country's foreign debt and its short-term due services.

Salih added: These indicators all confirm today that the country's foreign exchange reserves, which amounted to about 85 billion dollars, including cash gold, are at a high level of efficiency and represent real monetary stability for the country.

He explained: The country's reserves are managed according to the internationally approved standard investment guides and in various major existing currencies, and are invested in the best international financial instruments with high credit ratings, low risks, and are considered one of the actions of the country's foreign monetary policy./ End

https://ninanews.com/Website/News/Details?key=1003286
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