The decline in the reserves of the Central Bank of Iraq to 35 billion dollars .. The reason!

The decline in the reserves of the Central Bank of Iraq to 35 billion dollars .. The reason!

Sunday 15 November 2020 | 04:54 PM

The decline in the reserves of the Central Bank of Iraq to 35 billion dollars .. The reasonThe Parliamentary Finance Committee revealed, on Sunday, that the Iraqi reserve in the Central Bank of Iraq has decreased to 35 billion dollars after the withdrawal of the second loan by the government .

A member of the Parliamentary Finance Committee, Abdul Hadi Saadawi, said that “the reserves of the Central Bank of Iraq before the vote on the loan amounted to 51 billion dollars .”

He added that “the second loan voted by the House of Representatives pushed the government to withdraw 12 trillion dinars,” noting that “the reserve has decreased to 35 billion dollars .”

He explained that “the government has made Iraq in a difficult position and in front of it the remaining months of this year to take urgent steps to advance the economy to preserve the remainder of the reserves of the Central Bank of Iraq.”

aynaliraqnews.com