SUDANESE ADVISOR: THE CENTRAL BANK’S RESERVES EXCEEDED $110 BILLION IN 2024
(Go ahead and rub it in…again….dinar is still 1/6 of a penny? )
The Prime Minister’s advisor for financial affairs, Mazhar Muhammad Salih, confirmed on Monday that the central bank’s reserve exceeds $110 billion in 2024.
Salih said in an interview with “Al-Iqtisad News” that “Iraq is financially in a stable situation, given that oil prices are the basis of revenues.” The general budget for the year 2024 has been priced on the basis of $70 per barrel, while the average sales of Iraqi exported oil exceeds $80, which reduces the pressures of the planned deficit in the annual budget (which was approved for three years 2023, 2024, and 2025).”
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