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An Iraqi economic institution reveals a decline in the surplus reserves of the currency during the current year

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An Iraqi economic institution reveals a decline in the surplus reserves of the currency during the current year Empty An Iraqi economic institution reveals a decline in the surplus reserves of the currency during the current year

Post by RamblerNash Sun Dec 27, 2020 9:50 pm

An Iraqi economic institution reveals a decline in the surplus reserves of the currency during the current year 878668-5f074fd9-3d61-4925-aa4b-0094862d750f
Sunday 27, December 2020 19:29
 
Baghdad / NINA / The Future Iraq Foundation for Economic Studies revealed a decline in the surplus currency reserves of the Central Bank during the current year.

"The amount of the surplus reserve over the required reserve of the Central Bank reached 14.7 trillion dinars until September of this year, and the amount of surplus reserves since August 2019 decreased by about 7 trillion, as it was 22.12 trillion," the institution said in a statement today.

And she added, "The surplus reserve had reached its lowest level in October of 2017, reaching 9.56 trillion dinars, to rise again, but the cash shortage crisis led to the decline of the bank's surplus reserves during the current year."

It is noteworthy that the highest level of reserves arrived in December of the year 2013, when the value of surplus reserves reached 30.9 trillion Iraqi dinars, which is the highest value of reserves reached by the Central Bank of Iraq.

https://ninanews.com/Website/News/Details?key=878668

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