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[size=52]Sudanese Advisor: The Central Bank’s reserves exceeded $110 billion in 2024[/size]
[size=45]Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Saleh, confirmed on Monday that the Central Bank’s reserve exceeds $110 billion in 2024.[/size]
[size=45]Saleh said, “Financially, Iraq is in a stable situation, because oil prices, which are the basis of the general budget revenues for the year 2024, were priced on the basis of $70 per barrel, while the average sales of Iraqi exported oil exceed $80, which reduces deficit pressures.” The plan is in the annual budget (which was approved for three years: 2023, 2024, and 2025).[/size]
[size=45]He added that “oil revenues actually constitute approximately 90% of the total revenues of the budget,” noting that “the Central Bank of Iraq enjoys foreign currency reserves that support the strength of the dinar, exceeding 110 billion dollars, and represents a high coverage of the dinar, which provides stability in the country.” The general level of prices, as the Central Bank defends a stable exchange rate of 1,320 dinars per dollar.”[/size]
[size=45]He explained that “the average per capita income from the GDP is estimated at approximately $5,000 annually, excluding the price support or price subsidy paragraph in the general budget, which is estimated at 13% of the GDP (especially the subsidized food basket and fuel, and many semi-free government services.”) And supporting grains and farmers) is a real, invisible income to support individuals as well.”[/size]
[size=45]He continued, “The most prominent points of future planning are supporting partnerships with the private sector by providing guarantees for industrial projects provided by the government in order to import production lines. These guarantees represent 85% of the value of the industrial project.” This will be done through the role of the Iraqi Fund for Development, which will also deal with youth loans and financing residential complexes as well.”[/size]
[size=45]He continued, “The other trend is the development road strategy, which represents the creation of international strategic partnerships with countries and international companies, to provide highly effective railway and transportation lines between the Gulf and Turkey via Iraq to Europe and vice versa. This is accompanied by the establishment of industrial cities and logistical services linked to the development road, which is a model of strong economic momentum.” To get out of the problems of recession and unemployment.”[/size]
[size=45][You must be registered and logged in to see this link.]
[size=52]Sudanese Advisor: The Central Bank’s reserves exceeded $110 billion in 2024[/size]
[size=45]Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Saleh, confirmed on Monday that the Central Bank’s reserve exceeds $110 billion in 2024.[/size]
[size=45]Saleh said, “Financially, Iraq is in a stable situation, because oil prices, which are the basis of the general budget revenues for the year 2024, were priced on the basis of $70 per barrel, while the average sales of Iraqi exported oil exceed $80, which reduces deficit pressures.” The plan is in the annual budget (which was approved for three years: 2023, 2024, and 2025).[/size]
[size=45]He added that “oil revenues actually constitute approximately 90% of the total revenues of the budget,” noting that “the Central Bank of Iraq enjoys foreign currency reserves that support the strength of the dinar, exceeding 110 billion dollars, and represents a high coverage of the dinar, which provides stability in the country.” The general level of prices, as the Central Bank defends a stable exchange rate of 1,320 dinars per dollar.”[/size]
[size=45]He explained that “the average per capita income from the GDP is estimated at approximately $5,000 annually, excluding the price support or price subsidy paragraph in the general budget, which is estimated at 13% of the GDP (especially the subsidized food basket and fuel, and many semi-free government services.”) And supporting grains and farmers) is a real, invisible income to support individuals as well.”[/size]
[size=45]He continued, “The most prominent points of future planning are supporting partnerships with the private sector by providing guarantees for industrial projects provided by the government in order to import production lines. These guarantees represent 85% of the value of the industrial project.” This will be done through the role of the Iraqi Fund for Development, which will also deal with youth loans and financing residential complexes as well.”[/size]
[size=45]He continued, “The other trend is the development road strategy, which represents the creation of international strategic partnerships with countries and international companies, to provide highly effective railway and transportation lines between the Gulf and Turkey via Iraq to Europe and vice versa. This is accompanied by the establishment of industrial cities and logistical services linked to the development road, which is a model of strong economic momentum.” To get out of the problems of recession and unemployment.”[/size]
[size=45][You must be registered and logged in to see this link.]
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