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[size=36]The Central Bank of Iraq sets the goal of the currency sale window[/size]
Economie| 06:08 - 07/18/2022
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Baghdad - Mawazine News
The Central Bank of Iraq clarified, today, Monday, the purpose of its call to establish a sovereign fund, while noting that the currency sale window was found to facilitate the financing of foreign trade in the main.
The Deputy Governor of the Central Bank, Ammar Khalaf, said, "The bank's management called for the necessity of allocating a sovereign fund to take advantage of the financial abundance of the state," explaining that "the decision of the sovereign fund is dependent on the Iraqi government and the Ministry of Finance in the basic degree."
Khalaf added, "The Central Bank contributes to the management of this fund."
On the currency sale window, the deputy governor confirmed that "the currency sale window was found to facilitate the financing of foreign trade in the basic degree."
He stressed, "Exports of currency are an economy that depends primarily on imports, and it is a channel for providing foreign currency in order to provide goods and services, in addition to selling currency to citizens through banks and exchange companies." finished 29/h
The Central Bank of Iraq clarified, today, Monday, the purpose of its call to establish a sovereign fund, while noting that the currency sale window was found to facilitate the financing of foreign trade in the main.
The Deputy Governor of the Central Bank, Ammar Khalaf, said, "The bank's management called for the necessity of allocating a sovereign fund to take advantage of the financial abundance of the state," explaining that "the decision of the sovereign fund is dependent on the Iraqi government and the Ministry of Finance in the basic degree."
Khalaf added, "The Central Bank contributes to the management of this fund."
On the currency sale window, the deputy governor confirmed that "the currency sale window was found to facilitate the financing of foreign trade in the basic degree."
He stressed, "Exports of currency are an economy that depends primarily on imports, and it is a channel for providing foreign currency in order to provide goods and services, in addition to selling currency to citizens through banks and exchange companies." finished 29/h
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