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The central bank reveals the value of Iraq's domestic and foreign debt

rocky
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The central bank reveals the value of Iraq's domestic and foreign debt Empty The central bank reveals the value of Iraq's domestic and foreign debt

Post by rocky on Sat 14 Mar 2020, 6:31 am

[size=35]The central bank reveals the value of Iraq's domestic and foreign debt[/size]


[size=35][size=35]The central bank reveals the value of Iraq's domestic and foreign debt[/size]
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Economie

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2020-03-14 | 06:19
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[size=18]The Governor of the Central Bank, Ali Al-Alaq, revealed today, Saturday, that Iraq's external debts amount to about 23 billion dollars, while internal debts amount to about 40 trillion Iraqi dinars.


Al-Alaq said in a study on "Reducing the Iraqi dinar exchange rate, determinants and alternatives," and published by the official website of the Central Bank, that "Iraq's external debt amounts to about 23 billion dollars, except for the outstanding debt before 2003 of $ 40.9 billion," noting that "the internal debt amounts to About 40 trillion dinars represent treasury transfers and bonds with government banks and the Central Bank of Iraq.







The relationship added, “When a country is in debt and pays its debts and interest in the currency of the creditor country, the burden of the debts resulting from it in this case increases in the general budget of the state where a greater amount of its national currency is allocated to pay off its debt in foreign currency,” continuing: “If the country is The debtor pays in its national currency, because it pays the same amount of debts and interest. "

It is noteworthy that during the year 2014, Iraq borrowed after the drop in oil prices from financial institutions and organizations, in addition to borrowing from home by selling treasury bonds.


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