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A Sudanese advisor refutes his statement regarding the monetary bloc.. What did he say?
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Baghdad Today - Baghdad
Today, Wednesday (September 13, 2023), the Prime Minister’s Advisor for Investment Affairs, Muhammad al-Najjar, refuted what was attributed to him regarding the size of the Iraqi monetary mass.
Al-Najjar said in a press statement, followed by "Baghdad Today", that "the Central Bank of Iraq is not within its jurisdiction, and that it will contact the official newspaper to delete the news attributed to it."
The official newspaper Al-Sabah published in its issue of September 9, quoting the advisor to the Prime Minister, Muhammad Al-Najjar, as saying that “the monetary supply of the local currency has reached the barrier of 116 trillion dinars, of which within the banking system is between 30 and 40 trillion dinars.”
Data from the Central Bank of Iraq indicate that the volume of cash in banks until July 2023 amounted to 7.5 trillion Iraqi dinars, and not between 30 and 40 trillion dinars.
As for the volume of printed money until July 2023, it amounted to 99.7 trillion dinars, not 113 trillion dinars.
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