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A new rise in the reserves of the Central Bank of Iraq


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A new rise in the reserves of the Central Bank of Iraq

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 Economie

 

  •  Yesterday, 21:08
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Baghdad - INA - Nassar Al-Hajj
The Central Bank of Iraq announced today, Thursday, a new rise in the bank's foreign exchange reserves.
The Deputy Governor of the Central Bank, Ihsan Shamran Al-Yasiri, told the Iraqi News Agency (INA), that "the foreign reserves of the Central Bank of Iraq witnessed a 14% increase compared to what they were on 31/12/2020."
Al-Yasiri added: "It was worth 54.501 billion dollars, to reach on 22/9/2021 (yesterday), to 62.155 billion dollars, an increase of 7.654 billion dollars."
And Prime Minister Mustafa Al-Kazemi announced, last April, that the Central Bank's foreign currency reserves had risen to more than $60 billion.
Al-Kazemi said, in a statement received by the Iraqi News Agency (INA), that "the central bank's foreign currency reserves rose to more than 60 billion dollars, after it was 51.9 billion before the start of the reform measures for this government."
The Prime Minister added, "The increase came as a result of the reform measures taken by the government after many bet on their failure and non-continuity," adding, "We succeeded in stopping the waste and great corruption in the notorious Central Bank auction, and we are proceeding with our procedures and we will not stop."

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A new rise in the reserves of the Central Bank of Iraq

 

 

economic news  Yesterday, 21:46  3697 views

Today, Thursday, the Central Bank of Iraq announced a new rise in the bank's foreign exchange reserves.
The Deputy Governor of the Central Bank, Ihsan Shamran Al-Yasiri, told a journalist, "The foreign reserves of the Central Bank of Iraq witnessed a 14% increase compared to what they were on 31/12/2020."
Al-Yasiri added: "It was worth 54.501 million dollars, to reach on 22/9/2021 (yesterday), it reached 62.155 million dollars, an increase of 7.654 million dollars."
And Prime Minister Mustafa Al-Kazemi announced, last April, that the Central Bank's foreign currency reserves had risen to more than $60 billion.
Al-Kazemi said, "The central bank's foreign currency reserves rose to more than 60 billion dollars, after it was 51.9 billion dollars before the reform measures of this government began."
The Prime Minister added, "The increase came as a result of the reform measures taken by the government after many bet on their failure and non-continuity," adding, "We succeeded in stopping the waste and great corruption in the notorious Central Bank auction, and we are proceeding with our procedures and we will not stop."

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40 minutes ago, Laid Back said:

Good news.!!
 

Lets say they have 45 trillion IQD in circulation 

45 trillion IQD  / 1460 = $30.8 billion dollars 

Foreign currency reserves $62 billion dollars 

$62 billion dollars foreign currency reserves  / $30.8 currency in circulation 

They can cover monetary mass by 201%

 

The white paper reforms are working.!

 

Go dinar 

Go foreign currency reserves 

Go Purchasing power

 

Me likey!!

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55 minutes ago, Laid Back said:

Good news.!!
 

Lets say they have 45 trillion IQD in circulation 

45 trillion IQD  / 1460 = $30.8 billion dollars 

Foreign currency reserves $62 billion dollars 

$62 billion dollars foreign currency reserves  / $30.8 currency in circulation 

They can cover monetary mass by 201%

 

The white paper reforms are working.!

 

Go dinar 

Go foreign currency reserves 

Go Purchasing power

 

This is the best news I’ve read in weeks! It is all in motion and will happen at the right time. As Al-Kazemi said, “we are proceeding with our procedures and we will not stop."

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