A proposal to invest part of monetary reserves for the implementation of development projects
A proposal to invest part of monetary reserves for the implementation of development projects
09/02/2014
BAGHDAD / JD / .. Parliamentary Finance Committee proposed investment is part of the monetary reserves of hard currency in the implementation of development projects of the country, to support the Iraqi economy and increase cash reserves.
Said committee member Rep. Dler able Agency / JD /: that Iraq has a very large cash reserve of foreign currency up to 86 billion dollars, but he is still untapped and the investor under the pretext that it be used for backup emergency conditions in the country.
He added: “He was the first government and the central bank to invest a fraction of the monetary reserves for the implementation of development projects from which to make a profit to support the annual federal budget and the Iraqi economy, in addition to the increased precautions.
The Governor of the Central Bank and the Agency Abdel Basset Turki earlier announced an increase in the size of monetary reserves of hard currency (76) billion dollars to 86 billion dollars. / End / 8 /
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