Tues. PM KTFA News Articles 12-13-22



Clare » December 13th, 2022

Central Bank: The cash reserve has reached its highest level in the history of the Iraqi state


The Central Bank of Iraq announced, today, Tuesday, that the volume of currency reserves has reached its highest levels in the history of Iraq, while noting that public finances have an opportunity to compensate all the disadvantaged and those with low salaries from retirees.

The Central Bank’s advisor, Ihsan Shamran Al-Yasiri, said in a statement followed by “Tigris”, that “the central bank’s reserves have reached their highest levels in the history of the Iraqi state and have exceeded 90 billion dollars,” noting that “what we count on is not the central bank’s reserves, but rather the performance of public finances, which She now enjoys a very sufficient abundance of money.”

He added, “The central bank is the management of monetary policy and intervention to fix problems related to the exchange rate and others,” noting that “the bank’s reserves are still abundant and our procedures are rational.”

And he stressed the need for “public finances to be disciplined and direct public spending to real priorities instead of dispersing them,” pointing out that “public finances have an opportunity to compensate all those deprived during the previous years of those with fragile classes, social benefits and those with low salaries among retirees, as these classes We need aid for them.”


Al-Yasiri stressed that “controlling the performance of collection departments from customs and taxes, oil revenues will be a secondary source for financing the general budget.”   LINK

Source: Dinar Recaps


If you wish to contact the author of any reader submitted guest post, you can give us an email at and we’ll forward your request to the author.

All articles, videos, and images posted on Dinar Chronicles were submitted by readers and/or handpicked by the site itself for informational and/or entertainment purposes.

Dinar Chronicles is not a registered investment adviser, broker dealer, banker or currency dealer and as such, no information on the website should be construed as investment advice. We do not support, represent or guarantee the completeness, truthfulness, accuracy, or reliability of any content or communications posted on this site. Information posted on this site may or may not be fictitious. We do not intend to and are not providing financial, legal, tax, political or any other advice to readers of this website.

Copyright © 2022 Dinar Chronicles



Please enter your comment!
Please enter your name here