Parliamentary Finance: The Central Bank has allocated three billion dollars to control the market
Parliamentary Finance: The Central Bank has allocated three billion dollars to control the market
17:46 – 10/06/2021
A member of the Parliamentary Finance Committee, Salim Cougar, confirmed, on Thursday, that the rise in the oil price will provide cash liquidity, and the Central Bank has allocated three billion to control the market.
Cougar said in a statement to the agency / Information / that “the rise in oil prices will provide cash liquidity, and the Central Bank has allocated three billion dollars to control the market and raise prices,” noting that “financial liquidity will control the price of food and commercial products.”
He added that “the central bank has sold 460 million dollars in the currency auction to control the market prices,” noting that “the rise of the dollar is the result of supply and demand.”
And he indicated that “the cash that will be available as a result of the rise in the price of a barrel of oil, which reached 72 dollars per barrel, will contribute to controlling the markets and increasing prices.”
The markets, food and commercial products in Iraq are witnessing a significant increase in prices as a result of the high exchange rate of the dollar. finished 25 and
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