Al-Kazemi’s advisor: The Central Bank currently enjoys efficient reserves compared to Iraq’s debts
Al-Kazemi’s advisor: The Central Bank currently enjoys efficient reserves compared to Iraq’s debts
01-01-2022 10:31 AM
The financial advisor to the Prime Minister, Mazhar Muhammad Salih, identified, on Saturday, three factors that contributed to strengthening the financial reserves in the Central Bank of Iraq, while confirming the success of the government’s economic policy in the year 2021.
Salih said during a press statement, “These factors are good behavior in public finance as well as good management.” of the economy and its external payments, as well as managing the oil sector in conjunction with the rise in oil prices,” noting that “these factors contributed to strengthening the financial reserve and helped develop the central bank’s reserves at an almost efficient level.”
He pointed out that “the Central Bank currently enjoys reserves at the level of efficiency with regard to its ratio to wasteful debt, its ratio to the money supply, and its ratio to Iraq’s other foreign obligations, as the balance of payments is almost all in a positive situation,” stressing “the success of the government’s economic policy in year 2021″.
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