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[size=30]Finance and the reserves of the Central Bank.. Nabil Al Marsoumi
2021-10-08
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Nabil Al Marsoumi wrote:
Notes on the statement of the Ministry of Finance
(The Ministry of Finance said that it has followed up the indicators of devaluation of the currency against the dollar and over the past nine months, and the indicators show that the change in the exchange rate contributed to increasing the foreign reserves of the Central Bank of Iraq to 60 billion dollars in April 2021, after it was 54 billion dollars in December 2020 This came after the implementation of the reform measures.” The change in the exchange rate helped reduce the demand for foreign currency, which was positively reflected on the decrease in imports and the increase in domestic production. It is noted that the Ministry of Finance’s figures are very accurate, but in comparing economic indicators, it is not permissible to rely on abnormal values, that is, they are linked to abnormal conditions, as the sales of the Central Bank in the past nine months amounted to 25.513 billion dollars, compared to 32.140 billion dollars during the same period in 2020, and the difference between them is 6 .
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