High cash reserves of Iraq to 87 billion dollars

High cash reserves of Iraq to 87 billion dollars

Monday, September 16, 2019 10:49 AM

Iraqi Dinar-DollarThe appearance of Mohammed Saleh, economic adviser to Prime Minister Adel Abdul Mahdi, on Monday, the rise of Iraq’s cash reserves to 87 billion dollars, confirming the existence of a surplus liquidity of 13 billion dollars.

Saleh said in a statement reported by the newspaper “morning” semi-official, that “the reserve of the central bank along with the reserve of the government up to 87 billion dollars, and this is very positive gives great resilience to the state in the most difficult circumstances.”

He added, “Iraq in the fourth quarter of the year recorded a surplus of liquidity ranging between 12 to 13 billion dollars.” Funds within the joints of the national economy to activate the joint. ”

Saleh said that “the public finances act according to priorities, and that the Ministry of Finance governing control of expenses, and is aware of the important thing that should be spent.” The importance of disbursement is determined by the financial situation.