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The Central Bank of Iraq: The call for the establishment of a sovereign fund aims to benefit from the financial abundance
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Mubasher: The Deputy Governor of the Central Bank of Iraq, Ammar Khalaf, said that the aim of the call for the establishment of a sovereign fund came to benefit from the financial abundance of the state, while noting that the currency sale window was found to facilitate the financing of foreign trade in the main.
Khalaf added in a statement to the Iraqi News Agency (INA), that "the decision of the Sovereign Fund is dependent on the Iraqi government and the Ministry of Finance, to the main degree," noting that "the Central Bank contributes to the management of this fund."
He stressed, "Exports of currency are an economy that depends 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."
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Central Bank of Iraq
July 19, 2022 11:40 AMMubasher: The Deputy Governor of the Central Bank of Iraq, Ammar Khalaf, said that the aim of the call for the establishment of a sovereign fund came to benefit from the financial abundance of the state, while noting that the currency sale window was found to facilitate the financing of foreign trade in the main.
Khalaf added in a statement to the Iraqi News Agency (INA), that "the decision of the Sovereign Fund is dependent on the Iraqi government and the Ministry of Finance, to the main degree," noting that "the Central Bank contributes to the management of this fund."
He stressed, "Exports of currency are an economy that depends 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."
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