Monday, August 5, 2024

Al-Alaq: The Central Reserve Is Sufficient To Create Market Balance, 5 AUGUST

   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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