Time: 08/04/2024 19:17:45 Read: 988 times {Economic: Al-Furat News} Central Bank Governor Ali Mohsen Al-Alaq confirmed today, Sunday, that the dollar’s financial reserve is sufficient to create a balance in the market.
A statement by the media department in the House of Representatives, a copy of which was received by {Al-Furat News} Agency today, stated that
“Iraq’s hard currency reserves are sufficient to create balance in the market,” noting that
“the
Central Bank sells more than 250 million dollars daily to meet the requirements of foreign trade.” The statement indicated that
"the Governor of the Central Bank provided a complete briefing on the reasons for the
fluctuation of the exchange rate, the
mechanism of operation of the electronic platform and
its role in controlling internal and external trade, as well as the file of the
housing initiative
, the
American sanctions on Iraqi banks, and the
status of the bank's cash reserve of hard currencies." "Central"
Al-Alaq pointed out, according to the statement, that “85% of remittances do not pass through the US Federal Reserve.” https://alforatnews.iq/news/العلاق-احتياطي-المركزي-يكفي-لخلق-توازن-السوق
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