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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    The Central Bank of Iraq achieves the highest percentage of hard currency reserves since 2014

    Rocky
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    The Central Bank of Iraq achieves the highest percentage of hard currency reserves since 2014 Empty The Central Bank of Iraq achieves the highest percentage of hard currency reserves since 2014

    Post by Rocky Wed 20 Apr 2022, 5:43 am

      The Central Bank of Iraq achieves the highest percentage of hard currency reserves since 2014

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    Economy News - Special
    The Deputy Governor of the Central Bank, Ihsan Shamran, confirmed that the foreign reserves of the bank exceeded the $70 billion barrier, in a large number that the bank has not seen for years.
    Shamran told "Economy News" that "the Iraqi cash reserves in the Central Bank exceeded the limits of 70 billion dollars, a number that Iraq has not witnessed for years," noting that "Iraq currently possesses an excellent amount of gold, as well as an advanced classification among the countries of the world in the percentage of possession Metal".
    He added, "If the money flowing into the Central Bank exceeds what comes out through the currency sale window, the reserve ratio will accumulate in a way that reflects positively on economic life in Iraq and maintains its sustainability."
    Regarding the Central Bank’s initiatives, Shamran stressed that “the security and economic challenges and the accompanying drop in global oil prices and the weakness of Iraqi finances in 2014 called on the Central Bank to launch initiatives worth more than 15 trillion Iraqi dinars, including a 5 trillion investment for the specialized sector.”
    He continued, "The middle of 2021 witnessed the Central Bank, in coordination with the Ministry of Environment, the Central Agency for Standardization and Quality Control, and the Ministry of Electricity, to launch an initiative to finance the purchase of solar power generation units," noting that "the initiative was launched in early 2022 with a value of one trillion Iraqis."
    He considered that "the amount of funding is the largest in Iraq and the region in this type of initiative," noting that it "targets the production of clean energy for family use, factories, housing and construction sector."
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