Sudanese adviser: Iraq is living better in its financial history thanks to high foreign exchange reserves, 3 FEB

 Sudanese adviser: Iraq is living better in its financial history thanks to high foreign exchange reserves

The Prime Minister’s financial adviser, Mazhar Mohammed Saleh, announced on Saturday a significant improvement in the efficiency of Iraq’s foreign exchange reserves, stressing that it indicates that Iraq’s financial situation is the best in its history.

Saleh explained, in an interview with the official agency, followed by NRT Arabia, that Iraq’s oil revenues will remain the main source for the growth of the country’s foreign currency reserves, pointing to the high efficiency indicators in these reserves.

Saleh pointed out that Iraq’s oil revenues constitute up to 98% of the assets of the investment portfolio of foreign currency reserves, indicating that all indicators indicate that Iraq is currently living in its best financial conditions, and that these reserves are booming and increasing with the growth of the current account index of the balance of payments.

He stressed that there are standard investment mechanisms and evidences in line with global standards in the management of Iraq’s foreign exchange reserves, stressing that with the increasing cycle of oil assets, the size of Iraq’s foreign reserves increases and rises in its investment portfolio.

https://www.nrttv.com/ar/detail3/22885