Central Bank announces the rise of foreign exchange reserves to 62 billion dollars

Economy News _ Baghdad

The Central Bank of Payments (CBE) Director-General Doha Abdel-Karim announced on Tuesday that foreign exchange reserves rose from US $ 40 billion to US $ 62 billion, while confirming the bank's success in controlling inflation.

"The central bank has managed to control the level of inflation, maintain prices, maintain the purchasing power of the national currency, adjust the exchange rate and close the gap between the official price and the market price," Abdul Karim said in an interview with the newspaper Al-Sabah.

"Foreign currency reserves have increased from US $ 40 billion to US $ 62 billion and diversification of the currency basket to support the balance of payments and to cope with economic crises," she said.

It also coordinated with the Ministry of Finance in the management of public debt to support the budget and funding the deficit during the financial crisis experienced by Iraq because of low oil prices, the issuance of national bonds in the international financial market worth $ 2 billion, as well as the provision of new products to invest liquidity of commercial and investment banks And support their profitability. "




http://economy-news.net/content.php?id=16286

Iraq's foreign exchange reserves rose to $ 62 billion
Tuesday, April 16






Alsumaria News / Baghdad
Iraq's central bank announced on Tuesday that Iraq's foreign currency reserves rose to 62 billion dollars.

"The bank's foreign exchange reserve rose from $ 40 billion to $ 62 billion," the official Al-Sabah newspaper quoted the central bank's payments director as saying. "We are diversifying the basket of currencies to support the balance of payments and the crisis."

"The central bank has managed to control the level of inflation and maintain prices and maintain the purchasing power of the national currency, and adjust the exchange rate and close the gap."


The Iraqi Central Bank, on July 12, 2018, that Iraq's foreign currency reserves amounted to 55.7 billion dollars, noting that Iraq has 89 tons of gold.


http://www.alsumaria.tv/news/81728/ط£ط±ط¨ط¹ط-ظ‚طھظ„ظ‰-ظˆ12-ط¬ط±ظٹط­ط§-ظپظٹ-ط­ط

The central bank reveals a jump in its reserve of the dollar

Editorial date: 2019/4/16 9:17


The director of payments in the Central Bank of Iraq, Suha Abdul Karim, confirmed that the bank succeeded in controlling the level of inflation and maintaining prices and maintaining the purchasing power of the national currency and controlling the exchange rate and closing the gap between the official price and the market price.

"Foreign exchange reserves increased from $ 40 billion to $ 62 billion, diversifying the currency basket to support the balance of payments and facing economic crises," Abdul Karim told a press briefing. "The Ministry of Finance has coordinated with the Ministry of Finance to manage the public debt to support the budget and finance the deficit during the financial crisis that has passed. In Iraq because of the drop in oil prices, the issuance of national bonds in the international financial market worth $ 2 billion, as well as the provision of new products to invest liquidity of commercial banks and investment and support profitability.

She pointed out that "the last period saw the issuance of bonds for the receivables of contractors after being audited by the Ministry of Planning and the Federal Financial Control Bureau, as well as the issuance of bonds to farmers on behalf of the Ministry of Finance and this move reflects a shift in a broader vision of government public debt management by the financial authority and monetary authority "He said.

"The standardization of the sukuk security standards to increase confidence in exchange and encourage traders to deal with electronic payments instead of cash, and electronic payment companies in order to support electronic operations and the issuance of license cards payment to banks, as well as linking banks and sites of the Central Bank of Iraq with data centers bank by cable To enhance the infrastructure of the banking sector, and increase the security of information and networks on the speed of data transmission of large sizes.

In addition to enhancing the principle of financial coverage of banking services for the largest segment of the population, "the project of localization of salaries for all employees of the public sector through the transfer of salaries to bank accounts of employees, as well as easy receipt and withdrawal of salaries through available payment channels, bank branches, ATMs - Point of sale, and enjoy the many advantages of bank accounts.


http://alforatnews.com/modules/news/article.php?storyid=195345