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Al-Kazemi’s advisor determines the level of the central bank balance
01 Jan 2022
Al-Kazemi’s advisor determines the level of the central bank balance
01 Jan 2022
Central bank reserves increased to 64 billion dollars
Ultra Iraq - Editorial Team
On Saturday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, identified three factors that he said contributed to strengthening the financial reserve in the Central Bank of Iraq.
Saleh said in a statement, January 1, that "these factors are good conduct of public finances, good management of the economy and foreign payments, as well as management of the oil sector in conjunction with the rise in oil prices."
Saleh explained, "These factors contributed to strengthening the financial reserve and helped develop the central bank's reserves at an almost efficient level," noting that "the central bank now enjoys reserves at an efficiency level with regard to its ratio to wasteful debts, its ratio to the money supply, and its ratio to liabilities. Iraq's other foreign country, which put the balance of payments almost all in a positive position."
The financial advisor confirmed the success of the government's economic policy in 2021.
And the Central Bank had previously said that Iraq's reserves of hard currency rose to 64 billion dollars due to the rise in the oil markets.
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