[ad_1]
Thursday 29 , September 2022
Baghdad / NINA / – The Monetary Knowledgeable, Advisor to the Prime Minister, Modher Muhammad Salih, confirmed that the forex and gold reserves are a canopy of the nation’s short-term overseas money owed.
He instructed the Nationwide Iraqi Information Company (NINA): The effectivity of those reserves is seen with varied indicators, such because the ratio of overseas reserves protection of regionally sourced money, or the ratio of overseas reserves protection of the nation’s overseas debt and its short-term due providers.
Salih added: These indicators all affirm as we speak that the nation’s overseas change reserves, which amounted to about 85 billion {dollars}, together with money gold, are at a excessive stage of effectivity and characterize actual financial stability for the nation.
He defined: The nation’s reserves are managed in response to the internationally accepted commonplace funding guides and in varied main current currencies, and are invested in the very best worldwide monetary devices with excessive credit score scores, low dangers, and are thought of one of many actions of the nation’s overseas financial coverage./ Finish
https://ninanews.com/Web site/Information/Particulars?key=1003286
[ad_2]
Source link
