Iraq’s foreign exchange reserves cover 18 months of imports.
Iraq’s foreign exchange reserves cover 18 months of imports.
2025-03-22 00:06
Shafaq News/ The Central Bank of Iraq revealed on Saturday that foreign currency reserves cover a year and a half of imports during the third quarter of 2024.
The bank said in a report on “monetary stability,” seen by Shafaq News Agency, that “Iraq’s foreign currency reserves, amounting to 143.35 trillion dinars for the third quarter of 2024, cover 18 months of imports if Iraq does not receive oil revenues by that time.”
He added, “These reserves decreased from 21 months of imports in the third quarter of 2023 to 18 months during the same period in 2024,” indicating that “the international standard used is for this percentage of imports to cover 6 months.”
shafaq.com
