The Central Bank announces a rise in cash reserves to more than $ 55 billion

The Central Bank announces a rise in cash reserves to more than $ 55 billion
Saturday, February 27, 2021 3:19 PM



Baghdad / National News Center

Today, Saturday, the Central Bank of Iraq announced that its cash reserve has risen to more than $ 55 billion.

In a statement followed by the National News Center, the Central Bank said, "The increase in monetary reserves came as a result of high oil prices," indicating that "the monetary reserve has now exceeded $ 55 billion."

The central added that "the decrease in bank purchases from the outlets led to an increase in the cash reserve."




https://nnciraq.com/54034/

Central: Monetary reserves exceed $ 55 billion


Sunday February 28, 2021

Baghdad: Shaima Rasheed

The Central Bank announced that the monetary reserve has now exceeded $ 55 billion, indicating that the increase occurred as a result of high oil prices.

The deputy governor of the bank, Ihssan Shamran, told the Iraqi News Agency (INA): "The increase is also due to the decrease in bank purchases from the outlets."

Regarding the increase in monetary reserves, the Economic Committee considered the increase as evidence of the country's economic recovery.

A member of the committee, Nada Shaker Jawdat, told Al-Sabah: The country's high foreign currency reserves mean that the country's position is good, attributing the rise to the recovery of oil prices in global markets.

Jawdat believed that this matter leads to strengthening the Iraqi currency. He is wondering whether the increase in the cash reserve will restore the dollar’s ​​exchange rate to its previous position or not ?.

In turn, the economic expert, Hazem Hadi, stressed that the improvement of the country's foreign currency reserves enhances the country's economy, indicating that the more foreign currency reserves the country becomes with great economic power.

Hazem added, to "Al-Sabah", that the Central Bank's foreign currency reserves are available, indicating that this rise will have a positive impact on Economy.








https://alsabaah.iq/42191/%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D8%A7%D9%84%D8%A7%D8%AD%D8%AA%D9%8A%D8%A7%D8%B7%D9%8A-%D8%A7%D9%84%D9%86%D9%82%D8%AF%D9%8A-%D9%8A%D8%AA%D8%AC%D8%A7%D9%88%D8%B2-%D8%A7%D9%84%D9%80-55-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AF%D9%88%D9%84%D8%A7%D8%B1