Keywords: The country’s financial situation is improving

Keywords: The country’s financial situation is improving

15/1/2018 12:00 am

Central Bank of IraqBaghdad / Tareq al-Araji
The governor of the Central Bank Ali al-Alaq expressed his optimism about the country’s financial situation, which is improving continuously, describing the bank’s finances as good. Al-Alak said in a statement to Al-Sabah that the financial situation in the country started to improve significantly due to the high oil prices and the fiscal discipline of the country, The state has great opportunities to improve the control of government expenditures and increase non-oil revenues and there is still a step on the government to cut, but the achievement of financial commitment and discipline during the past period was an important reason to address the financial situation in addition to the position of the Central Bank during That period Which was working side by side with the government in order to overcome the embarrassing period that has passed on Iraq. He pointed out that the Central Bank’s reserves are good and in a mobile state, indicating that the focus is on the level of adequacy of the reserve in accordance with the international standard for the local currency, It covers local currency and more.

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