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Economic specialist for / NINA /: The reduction in the currency auction and the increase in oil prices are behind the rise in the Central Bank's reserves DinarDailyUpdates?bg=330099&fg=FFFFFF&anim=1

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Economic specialist for / NINA /: The reduction in the currency auction and the increase in oil prices are behind the rise in the Central Bank's reserves

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Economic specialist for / NINA /: The reduction in the currency auction and the increase in oil prices are behind the rise in the Central Bank's reserves Empty Economic specialist for / NINA /: The reduction in the currency auction and the increase in oil prices are behind the rise in the Central Bank's reserves

Post by RamblerNash Thu Mar 04, 2021 10:33 pm

Economic specialist for / NINA /: The reduction in the currency auction and the increase in oil prices are behind the rise in the Central Bank's reserves 891183-9114e9d1-a021-4481-b48a-a17c8540c231
Wednesday 03, March 2021 10:25
 
Baghdad / NINA / Economic specialist, Ali Jabbar Al-Fariji, confirmed that the increase in the central bank’s cash reserve to $ 55 billion came for a significant drop to more than 54% in the (suspicious) currency selling window.

Al-Fraiji said in a statement to the Iraqi National News Agency ( NINA ) that: This rise cannot be considered as a result of a fruitful monetary or financial policy, insofar as this rise was the result of a significant decrease to more than 54% in the selling of the (suspicious) currency window.

He pointed out that: A significant increase in oil prices for the past two months was another reason for the increase in the bank’s reserves.

He continued: “The cash reserves in 2019 were at rates of $ 65.75 billion, and in the first quarter of 2020 the reserves decreased by 12.5% ​​to 57.5%. Billion dollars. '' / Ended 8

https://ninanews.com/Website/News/Details?key=891183
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