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Central Bank announces rise in domestic debt of 48 trillion dinars
Central Bank Governor Ali Keywords statement during a seminar center
Revealed the governor of the Central Bank of Iraq on the Keywords, on Sunday, rising domestic debt to 48 trillion dinars, adding that monetary policy faces many challenges, including the inability of the Maronites and the balance of payments deficit.
Keywords and said during a seminar hosted by Bayan Center for Studies and Planning and attended by "Economy News", "internal debt currently stands at 48 trillion dinars," noting that "the central bank would continue its initiative in supporting the real sector growth through agricultural and industrial lending and housing initiatives."
He stressed that "monetary policy in Iraq is facing a number of challenges, including the non-oil deficit and the budget deficit and the balance of payments deficit," noting that "in order to achieve financial and monetary stability requires a reduction of non-oil deficit by maximizing local revenue and control local expenditures and setting limits for operating expenses" .
He noted that "the decline in oil sales revenues of 92 trillion dinars in 2015 to 42 trillion dinars in 2016 led to a rise in the budget deficit," adding that "should build the budget to stabilize the price of a barrel of oil to $ 40 for the next five years to reduce the shortfall. "
Keywords noted that "the process of selling the currency needs a deep understanding in light of the big accusations against the bank without evidence proving the existence of suspicions of corruption or money laundering operation or smuggling of currency."
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Central Bank Governor Ali Keywords statement during a seminar center
Revealed the governor of the Central Bank of Iraq on the Keywords, on Sunday, rising domestic debt to 48 trillion dinars, adding that monetary policy faces many challenges, including the inability of the Maronites and the balance of payments deficit.
Keywords and said during a seminar hosted by Bayan Center for Studies and Planning and attended by "Economy News", "internal debt currently stands at 48 trillion dinars," noting that "the central bank would continue its initiative in supporting the real sector growth through agricultural and industrial lending and housing initiatives."
He stressed that "monetary policy in Iraq is facing a number of challenges, including the non-oil deficit and the budget deficit and the balance of payments deficit," noting that "in order to achieve financial and monetary stability requires a reduction of non-oil deficit by maximizing local revenue and control local expenditures and setting limits for operating expenses" .
He noted that "the decline in oil sales revenues of 92 trillion dinars in 2015 to 42 trillion dinars in 2016 led to a rise in the budget deficit," adding that "should build the budget to stabilize the price of a barrel of oil to $ 40 for the next five years to reduce the shortfall. "
Keywords noted that "the process of selling the currency needs a deep understanding in light of the big accusations against the bank without evidence proving the existence of suspicions of corruption or money laundering operation or smuggling of currency."
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