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Showing results for tags 'central bank reserves'.
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The Central Bank: The Continued Rise In Oil Prices Contributes To An Increase In Foreign Exchange Reserves On July 14, 2022 The Independent/- The Central Bank of Iraq renewed its assurances to citizens that the continued rise in oil prices in the global market contributes to increasing the cash reserves of hard currency, stressing the rise in Iraq's gold reserves. And the Deputy Governor of the Central Bank, Ammar Khalaf, stated, in a press statement that the Independent followed, that “the increase in the monetary reserve is linked to the rise in oil prices in the global market and is reflected in the reserves of the Central Bank, which we expect to reach 90 billion dollars at the end of this year.” He explained, "The cash reserve currently with the Central Bank has reached more than 70 billion dollars." And about the size of Iraq’s gold reserves, the Deputy Governor of the Central Bank confirmed, “We have more than 100 tons of gold reserves currently, indicating that” the increase in gold reserves is not continuously, but rather over relatively long periods. He added, "We reached to increase this number a short time ago by 30 tons, which led to the rise of Iraq's classification in the global gold list, ahead of other countries." The Central Bank of Iraq, late last month, announced that Iraq had advanced among the list of countries with the most gold reserves, bringing its total possessions to (130.39) tons, ranking thirty in the world and fourth in the Arab world. -
The Central Bank of Iraq announces the realization of the largest reserve in its history Posted one minute ago The Central Bank of Iraq announces the realization of the largest reserve in its history - Iraq News (iraqakhbar-com.translate.goog) The Central Bank of Iraq announced, on Thursday, the achievement of the largest reserve in its history, with a number exceeding 87 billion dollars. And the Central Bank's advisor, Ihsan Shamran Al-Yasiri, said in a statement followed by Noon News Agency, that "the reserves of the Central Bank exceeded 87 billion dollars, which is the largest number that the reserves of the Central Bank of Iraq reach." He stressed, "The Iraqi currency is very strong, because the reserves constitute 13,0% of the source of circulation from the funds in banks and others, in addition to its function to meet the requirements of traders to import goods." He pointed out, "All uncontrolled government spending indirectly affects the reserve and decreases it." He expressed his hope that "the reserves will exceed $100 billion." -
Money in one of the private banks Kurdistan is the warnings of the deteriorating economy, "election propaganda" and warns of the Liberal prejudice to the Central Bank reserves Author: MJ Editor: BK, BS 28.02.2014 14:16 Number of readings: 58 Long-Presse / Baghdad Promised Deputy for the Kurdistan Alliance, on Friday, to cut the salaries of the staff of the Kurdistan region is a "political decision" nothing to do with him not to approve the current year's budget in 2014, indicating that the federal government warnings about the deterioration of the Iraqi economy as a result of it, "just election propaganda", while considered Deputy for the Liberal bloc, that government warnings about the possibility of not paying salaries to next March, "inaccurate", warning of the consequences of prejudice reserves of the central bank. A member of the parliamentary finance committee, Najiba Najib, in an interview to the (long-Presse), "The salary cut for civil servants in the Kurdish region only without the rest of Iraq," usually that "the decision purely political because with the federal government enough funds to secure salaries even though they acknowledge the budget in 2014, and through the daily imports of oil and other. " They believed Najib, who belong to the Kurdistan Alliance bloc parliamentary, that "the adoption of the general budget of whether or not subject to approval by the federal government on the terms of addressing differences with the Kurdistan region," indicating that "the federal government if they were serious about ending the disputes with the Kurdistan region of the budget was in 2014 the current, has approved within 15 days. " She said a member of the parliamentary Finance Committee, that "the federal government warnings about the deterioration of the Iraqi economy in the event of delay in adoption of the budget just election propaganda," attributed to the fact that "Iraq, rich country has reserves estimated at 68 billion dollars in the Central Bank." For its part, carried the Deputy for the Liberal bloc, and a member of the parliamentary finance committee, the government "responsibility to disable the salaries of state employees." Said Majida al-Tamimi, in an interview to the (long-Presse), said that "the distribution of financial resources from the jurisdiction of the government, not the House of Representatives", usually that "government warnings about the possibility of not paying salaries to employees through next March due to the delay adoption of the budget is inaccurate." She explained the MP for the National Alliance, that "the operating budget exists and is influenced not approve the state budget is the investment allocations," she said that "the new benefits approved in 2014, this will be affected are the other as a result of not adopting the budget, such as salary increases and pension law and grant students. " And warned that al-Tamimi, from "directed the government to take money from the central bank reserves," arguing that "it means that Iraq will be put very dangerous." Prime Minister Nuri al-Maliki accused, in, (the 26 of February 2014 Current), political parties work "actively" to prevent the organization of the upcoming parliamentary elections through "Disable the budget and inflate the security situation," and warned that failure to ratify the budget would mean non-payment of salaries for retirees, employees and students, and social welfare payments. You Kurdistan's president, Massoud Barzani, attacked the first Tuesday, (the 25th of February, the current), the federal government to cut the salaries of the staff of the region, while counting the move represents a "declaration of war on the people of Kurdistan," showed that the region "has not taken a single step outside the framework of the constitution, "the subject of oil, and that" there is no problem with the response of the Shiites, but with the wrong policies of those who ruled Baghdad. " And promised parliamentary Finance Committee, in (the 24 of February 2014), that the assets of the Development Fund for Iraq, DFI current amount of six billion dollars just is not enough to pay the salaries of the staff for the next month, and suggested that the government will have to borrow from the central bank to pay employees' salaries for next March. And the voice of the Iraqi cabinet, in (the 15 of January 2014), to approve a bill the federal budget for the Republic of Iraq for the fiscal year 2014, and referred to the House of Representatives based on the provisions of Article (61 / I and item 80 / item II) of the Constitution, taking into account some of the amendments approved by the Council, including the fact that the export of crude oil produced in Kurdistan by SOMO exclusively by multifactorial and approved with the participation of representatives of the region in the pricing committee.
