Al-Kadhimi’s advisor identifies three factors that strengthened CBI financial reserve

 
Baghdad-INA
 
The financial advisor to the Prime Minister, Madher Muhammad Salih, identified today, Saturday, three factors that contributed to strengthen the financial reserves in the Central Bank of Iraq (CBI), while confirming the success of the government's economic policy in 2021.
 
Saleh told the Iraqi News Agency (INA): "These factors are the good use of public finances, as well as the good management of the economy and its external payments, as well as the remarkable management of the oil sector, coinciding with the rise in oil prices," noting that "these factors contributed to strengthen the financial reserve and helped develop the reserves of CBI in almost efficient level".
 
He pointed out that "CBI currently enjoys reserves at the level of efficiency with regard to its ratio to waste debt, money supply, and Iraq's other foreign obligations, where the balance of payments is almost all in a positive situation," stressing "the success of the government's economic policy in year 2021".
 
It’s to be mentioned that a senior source in the Central Bank of Iraq had confirmed earlier that Iraq's reserves of hard currency had risen to 64 billion dollars due to the rise in the oil markets.