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A look at the foreign exchange for reserves of 10 Arab countries .. Why the decline of Iraq within a year?


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Twilight News / divergence foreign exchange reserves to ten Arab countries until the end of last year, between rising and falling, due to internal and external reasons, and the variables of the global economy with the decline in crude oil prices.
And it knows foreign exchange reserves as deposits and bonds of foreign currency, without gold reserves held by central banks and monetary authorities calculated, and most of them are the ability of the US dollar.

 

According issued by the Saudi Arabian Monetary Agency official figures, back up the Kingdom of foreign exchange totaled 616.4 billion US dollars, the end of last year, compared with 732.3 billion the end of 2014.

The foreign exchange reserves, which was built in the years in which the price of a barrel of oil has risen, that enough of the country's imports of goods and services, for a period of 44 months to come.

The total foreign exchange reserves of the UAE, until the end of last year, 0.93 billion US dollars, up from 77.3 billion dollars in 2014.

And sufficient foreign reserves, meet the needs of the UAE's imports of goods and services, for a period of 6.5 months, with an average monthly imports of 15 billion US dollars.

And declining reserves of Qatar 's foreign exchange, to 36.7 billion US dollars, by the end of2015, down from 42.6 billion US dollars, with the end of 2014.

Qatar and enough reserves of foreign exchange, to meet the needs of the country's imports of goods and services, for a period of 12 months.

It fell Iraq's foreign exchange reserves, until the end of last year, to US $ 65 billion, compared with $ 77 billion in 2014.

And attributed the fall in Iraq and the majority of oil-producing countries, to the decline in crude prices, which is the source of more than 70% of financial revenues from oil sales.

The reserves rose Egypt 's foreign exchange, to 16.44 billion US dollars, the end of last year, compared with 15.3 in the corresponding period of 2014.

The total Morocco's foreign exchange reserves, US $ 23 billion, compared with US $ 16.8 billion in 2014, with enough reserves to meet the cost of imports for a period of 8 months.

And the decline of the Palestinian Monetary Authority reserves (based institution acting central bank), to 473.8 million dollars, the end of 2015, compared with 559.1 million dollars in 2014.

And sufficient foreign exchange reserves, to meet the needs of the Palestinian monthly import costs, for a month and a week, by reference to the foreign trade figures released by the Palestinian "Statistics" (government), the value of monthly imports amounting to US $ 410 million.

The total for Lebanon's foreign exchange reserves, until the end of last year, nearly 38 billion US dollars, and sufficient reserves to meet the value of imports for a period of 23 months.

It rose slightly, Jordan's foreign exchange reserves, to US $ 14.1 billion, compared with 14.07 billion dollars in 2014, and enough reserves to meet the value of imports for a period of 8 months.

Finally, Tunisia's foreign exchange reserves amounted to about US $ 7 billion, compared with $ 6.5 billion in 2014, and imports enough for 4 months.

 

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Foreign exchange reserves variation for 10 Arab countries in 2015 rc_145776504560_23.jpg    

 

  (Gulf News) -12/03/2016

Foreign exchange reserves variation of ten Arab countries until the end of last year between the rising and falling, due to internal reasons and external, and the variables of the global economy with the decline in crude oil prices. 
And knows foreign exchange reserves as deposits and bonds of foreign currency, without gold reserves held by the calculation central banks and monetary authorities, most of which is the ability of the US dollar. 
according to official figures of the Saudi monetary foreign exchange reserves reached 616.4 billion dollars , the end of last year, compared with B732.3 billion the end of 2014. the foreign reserves , which was built in the years in which saw the price of a barrel oil rise, that the kingdom enough of imports of goods and services 44 months to come. 
The total foreign exchange Emirates reserve until the end of last year 93 billion dollars, up from 77.3 billion in 2014, and enough foreign reserves to meet the needs of imports of goods and services from 6.5 months, with an average monthly imports of 15 billion. 
The decline in Qatar 's foreign exchange reserves to $ 36.7 billion by the end of 2015, down from 42.6 billion the end of 2014, and sufficient foreign exchange reserves to meet the country 's need of imports of goods and services for 12 months. 
fell Iraq 's foreign exchange reserves until the end of last year to 65 billion dollars compared to B77 billion in 2014 
and rose Egypt 's foreign exchange reserves to 16.44 billion dollars , the end of last year ,compared with 15.3 billion in the corresponding period in 2014, and enough state reserves to meet the needs of imports and services about 3.4 months. 
the total reserves of Morocco's foreign exchange 23 billion dollars compared to 16.8 billion in 2014, while sufficient reserves to meet the cost of imports for eight months. 
The decline of the Palestinian Monetary authority reserves (based institution acting central bank) to 473.8 million end of 2015, compared to 559.1 million in 2014, and enough foreign reserves to meet the need monthly imports cost for a month and a week, by reference to the foreign trade figures released by the Palestinian Bureau of Statistics, the value of monthly imports amounting to $ 410 million. 
The total for Lebanon 's foreign exchange reserves until the end of last year , about $ 38 billion, enough to fill the value of imports for 23 months. 
rose slightly Jordan 's reserves of foreign exchange to $ 14.1 billion compared to 14.07 billion in 2014, enough to meet the value of imports for eight months. And it reached Tunisia 's foreign exchange reserves of about seven billion dollars compared to 6.5 billion by 2014 , enough to meet the value of imports for four months.

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