The Central Bank of Iraq revealed that the volume of foreign exchange reserves reached its highest level in the country's history, recording more than $90 billion.
The Iraqi Central Bank announced plans to compensate all the disadvantaged and low-paid retirees.
The Central Bank's advisor, Ihsan Al-Yasiri, pointed out that "the central bank's reserves have reached their highest levels in the history of the Iraqi state, exceeding $90 billion." Noting "what we are counting on is not the central bank's reserves, but rather the performance of the public finances, which are now enjoying a very sufficient abundance of funds."
Al-Yasiri noted that "the central bank's work is to manage monetary policy and intervene to fix problems related to the exchange rate and others," considering that "the reserves of the Central Bank of Iraq are still abundant, and our procedures are rational."
He stressed, "The importance of public finances being disciplined and directing public spending to real priorities instead of scattering them."
Source (Al-Araby Al-Jadeed Newspaper, Edited)
