Decline in central bank reserves to 47 billion dollars
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Decline in central bank reserves to 47 billion dollars
Admin Mon Nov 07, 2016 8:58 am
Ali Abd al-Salman, 50 2016-11-07
Revealed the parliamentary finance committee member Masood Haider, on Sunday, Iraq's reserves of hard currency drop to $ 47 billion after it was $ 80 billion two years ago.
Haider said in a press statement, he said that «the central bank's reserves of hard currency dropped to $ 47 billion after it was 80 billion years ago».
He added, we «can not deny that there are many funds were to go out on the pretext of imported goods does not come back and proved that it is a tax that imports much less than the figures recorded for the amounts have been converted for import».
He added that «there are international standards regarding developed by the World Bank to deal with the reserves of countries to ensure the strength of the local currency», pointing out that «the reserve that was covering the six months from importing state or a parallel domestic monetary bloc's existing or covers foreign loans for a whole year it is well within the those standards. »
Haider said that «Almujdh data now suggests that Iraq has a good financial reserve.»
The Central Bank of Iraq on the fifth of last October, said, that the reserves of foreign exchange reserves fell to $ 50 billion, attributing the reasons for the decrease to the budget and the fall in oil revenue deficit.
The governor of the Central Bank, on the Keywords, said in a statement that «the country's foreign exchange reserves fell to $ 50 billion with the continuation of the face of a budget deficit because of falling oil revenues».
And it reached the foreign exchange reserves of Iraq's $ 59 billion at the end of October 2015, according to a memorandum of government directed the International Monetary Fund in January.
In the financial affairs Also, the CBI decided the opening of a branch in the Middle Euphrates region and the selection of the province of Najaf-based.
According to a statement to inform the bank, he said that «the Council of the Iraqi Central Bank administration decided to establish a subsidiary to manage its activities and functions in the Middle Euphrates region and chose the province of Najaf-based, bringing the number of branches of the central bank's five branches in addition to Baghdad, Basra, Mosul, Arbil, Sulaimaniya, the Middle Euphrates ».
He pointed to «visit of a delegation from the Central Bank of the province of Najaf and met with the governor to discuss opening a bank branch arrangements in the Middle Euphrates, he explained members of the delegation of the Central Bank of the functions of supervisory role in price stability and development, and the need to establish a branch of the exercise of the roles of the bank and its functions».
He commended the governor of Najaf Luay al-Yassiri, according Alaaan «on this initiative and instructed to meet the requirements of the establishment of the branch and it carries the functions.»
http://burathanews.com/arabic/economic/304829
Revealed the parliamentary finance committee member Masood Haider, on Sunday, Iraq's reserves of hard currency drop to $ 47 billion after it was $ 80 billion two years ago.
Haider said in a press statement, he said that «the central bank's reserves of hard currency dropped to $ 47 billion after it was 80 billion years ago».
He added, we «can not deny that there are many funds were to go out on the pretext of imported goods does not come back and proved that it is a tax that imports much less than the figures recorded for the amounts have been converted for import».
He added that «there are international standards regarding developed by the World Bank to deal with the reserves of countries to ensure the strength of the local currency», pointing out that «the reserve that was covering the six months from importing state or a parallel domestic monetary bloc's existing or covers foreign loans for a whole year it is well within the those standards. »
Haider said that «Almujdh data now suggests that Iraq has a good financial reserve.»
The Central Bank of Iraq on the fifth of last October, said, that the reserves of foreign exchange reserves fell to $ 50 billion, attributing the reasons for the decrease to the budget and the fall in oil revenue deficit.
The governor of the Central Bank, on the Keywords, said in a statement that «the country's foreign exchange reserves fell to $ 50 billion with the continuation of the face of a budget deficit because of falling oil revenues».
And it reached the foreign exchange reserves of Iraq's $ 59 billion at the end of October 2015, according to a memorandum of government directed the International Monetary Fund in January.
In the financial affairs Also, the CBI decided the opening of a branch in the Middle Euphrates region and the selection of the province of Najaf-based.
According to a statement to inform the bank, he said that «the Council of the Iraqi Central Bank administration decided to establish a subsidiary to manage its activities and functions in the Middle Euphrates region and chose the province of Najaf-based, bringing the number of branches of the central bank's five branches in addition to Baghdad, Basra, Mosul, Arbil, Sulaimaniya, the Middle Euphrates ».
He pointed to «visit of a delegation from the Central Bank of the province of Najaf and met with the governor to discuss opening a bank branch arrangements in the Middle Euphrates, he explained members of the delegation of the Central Bank of the functions of supervisory role in price stability and development, and the need to establish a branch of the exercise of the roles of the bank and its functions».
He commended the governor of Najaf Luay al-Yassiri, according Alaaan «on this initiative and instructed to meet the requirements of the establishment of the branch and it carries the functions.»
http://burathanews.com/arabic/economic/304829
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