Parliamentary Finance and the Central Bank Governor discuss the "white paper" and foreign reserves
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Parliamentary Finance and the Central Bank Governor discuss the "white paper" and foreign reserves
by RamblerNash Sun Oct 11, 2020 9:10 pm
Time: 10/11/2020 15:01:56
{Baghdad: Al Furat News} The Parliamentary Finance Committee held a meeting with the Governor of the Central Bank of Iraq, Mustafa Ghaleb, at the committee's headquarters in Parliament.
Committee reporter Ahmed Al-Saffar told Al-Furat News that “the committee hosted today the governor of the Central Bank to discuss the bank’s position and foreign currency cash reserves, in addition to the white paper,” noting that “the Ministry of Finance presented the Financial Living Committee’s law for the remaining months.”
The Minister of Finance, Ali Allawi, announced during an interview with the Al-Furat satellite channel, that the ministry "will present the" white paper "for economic reform to the cabinet next Tuesday.
He added that "the paper includes a diagnosis of the origin of economic problems and remedies that will be difficult, but there is no alternative to them," declaring that "the Central Bank's foreign currency reserves amount to 52 billion dollars and Iraq will be in danger if it falls to 20 billion dollars."
Ammar Al-Masoudi
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