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The central bank reveals the value of foreign and domestic debt to Iraq DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

The central bank reveals the value of foreign and domestic debt to Iraq

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The central bank reveals the value of foreign and domestic debt to Iraq Empty The central bank reveals the value of foreign and domestic debt to Iraq

Post by claud39 on Sat Mar 14, 2020 7:22 am

The central bank reveals the value of foreign and domestic debt to Iraq


Saturday 14 March 2020



The central bank reveals the value of foreign and domestic debt to Iraq Irq_810304238_1584182412


Baghdad / ... Central Bank Governor Ali Al-Alaq revealed, today, Saturday, that Iraq's external debts amount to about 23 billion dollars, while internal debts amount to about 40 trillion Iraqi dinars.


Al-Alaq said in his study on "Reducing the Iraqi dinar exchange rate, determinants and alternatives," and published by the official website of the Central Bank, that "the external debt of Iraq is about 23 billion dollars, except for the outstanding debt before 2003 of $ 40.9 billion," noting that "the internal debt amounts to About 40 trillion dinars represent treasury transfers and debits with government banks and the Central Bank of Iraq.


The relationship added, “When a country is in debt and pays its debts and interest in the currency of the creditor country, the burden of the debts resulting from it in this case increases in the general budget of the state where a greater amount of its national currency is allocated to pay off its debt in foreign currency,” continuing: “If the country is The debtor pays his national currency, because he pays the same amount of debts and interest. "



It is noteworthy that during the year 2014, Iraq borrowed after the drop in oil prices from financial institutions and organizations, in addition to borrowing from home by selling treasury bonds. 


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http://aynaliraqnews.com/index.php?aa=news&id22=131300
claud39
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