Central bank: Iraq through a tunnel of the financial crisis and austerity

Central bank: Iraq through a tunnel of the financial crisis and austerity

05/03/2017 16:55 pm (Baghdad time)

Central bank - Iraq through a tunnel of the financial crisis and austerityFollow-up scales News
Antrza, Bank announced that Iraq has overcome the financial crisis and the coming days bode Baljer, noting that the decline Amajaov on hard currency reserves.
The central bank adviser said Walid Idi in a press statement I followed / balances News / Sunday, “The crisis of austerity and fiscal deficit as a result of lower oil prices in the recent period has ended and Iraq overcome the financial crisis and the coming days are promising.”
He added that “Iraq will become a country of foreign investment as a result of competing foreign international companies to invest in the re-devastated cities after the retrieval of the” Daesh. “He explained that” the entry of foreign companies to Iraq will reflect a positive outlook and will contribute to attracting major countries to rebuild the devastated areas and the holding of joint investment agreements, In addition to trade and activate tourism and oil industry, “stressing that” holding oil agreements with Arab and foreign countries will contribute to bring in hard currency for the country and the central bank raised the reserve currency. ”
Aidy, He continued that “the Amajaov hard currency reserves fell in the Central Bank and the decline of my time will be improved in the near future. It is noteworthy that the bank announced earlier that Iraq’s reserves of hard currency will arrive in 2018 to 62 billion Dolar, pointing out that there are no the seriousness of the decline in reserves to $ 49 billion, where it is sufficient for 18 months.
In the meantime, Iraq Stock Exchange achieved, a rise in the number and value of shares traded during the month of February last and in what proportions high, there was a slight decrease in the number of contracts executed. The executive director of the market, Taha Ahmed Abdul Salam said in a statement that “the Iraqi market indicators Stock Exchange during the month of February 2017 has achieved a rise in the number of shares traded increased by 90%, and a rise in the value of shares traded increased by 67%, and a rise in the market price index of traded shares increased by 3.17 %, and also a rise in the market value of 1.8%. ”
“But last month registered a decline in the number of transactions, which were up 29%.” Abdul Salam said that “The market is organized in the month of February 20 trading session at the rate of five sessions per week and the number of listed companies in the market 97 company.” “The number of companies traded reached its shares on the market in February 66 the company As for Alsahm traded number during the month of February was 0.223 billion shares worth 134 billion dinars,” pointing out that “shares listed on the market amounted to 9.734 trillion shares classified sectorally” .anthy 29 / tc n

mawazin.net