After talks of a liquidity crisis, the Central Bank reveals an inventory of its coffers.
After talks of a liquidity crisis, the Central Bank reveals an inventory of its coffers.
2025-06-02 | 04:03
Confirmed Central Bank of Iraq Today, Monday, it has reserves exceeding $100 billion, coinciding with increasing talk of a financial crisis and liquidity shortage facing it. State treasury.
He said Director General of the Department Investments in the bank Muhammad Yunus “Liquidity is fully available, whether in Iraqi dinars or US dollars, and there is no shortage in this regard.”
He pointed out that “the Central Bank’s reserves exceeded $100 billion, in addition to possessing…Iraq A large reserve of gold exceeding 163 tons,” according to the Iraqi News Agency.
He added: Younes “The Central Bank is not an investment entity, but rather is concerned with managing Iraq’s foreign exchange reserves,” he explained, noting that “the goal of these reserves is not to make profits, but rather to ensure reasonable returns.”
He continued, “The reserve is managed according to well-thought-out policies based on high safety standards, and is invested in safe financial instruments that achieve acceptable returns,” stressing that “Iraq is on a good economic path.”
After months of information and indicators of a shortage of “dinar” liquidity, however, Iraqi Ministry of Finance There is no financial crisis, but only a shortage of liquidity. The drop in oil prices has created a double problem. The issue is no longer limited to the challenges of a shortage of liquidity, but also a shortage of revenues compared to the size of expenditures, while maneuvering Ministry of Finance Using any available liquidity outlet and circulating funds to meet its obligations, including using tax deposit funds.
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