The Central Bank: The reserves are sufficient to finance imports for 22 months

The Central Bank: The reserves are sufficient to finance imports for 22 months

11-9-2022

The Central Bank - The reserves are sufficient to finance imports for 22 monthsInformation / Baghdad..
Central Bank adviser Ihsan Shamran al-Yasiri revealed, on Wednesday, that cash reserves have reached 90.89 billion dollars, noting that these reserves are sufficient to finance imports for 22 months.
Al-Yasiri said in an interview seen by / the information /, that “the cash reserves of the Central Bank are sufficient to finance import operations for a period of 22 months, and this is positive for Iraq and makes it live a period of relief, as these reserves amounted to 90.89 billion dollars, which is the first time that the Central Bank’s reserves have been reported on The launch, and indicates a well-being for the Iraqi economy, as well as being a major bond and wall for the national currency, and it is expected that these reserves will exceed the $90 billion barrier at the end of this year.”
Al-Yasiri pointed out that “the volume of the Iraqi currency issued for circulation is estimated at 83 trillion dinars, equivalent to 58 billion dollars, while the banknotes of the public and banks are estimated at up to six billion banknotes in circulation.”
And regarding the devaluation of the currency, Al-Yasiri stressed, “This procedure has left a new threshold for the Iraqi industrialist and made it more competitive. New”. finished/25

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