- Time: 12/02/2022 19:03:53
- Read: 975 times

{Economic: Al Furat News} The Central Bank of Iraq announced, today, Friday, that the cash reserve has increased, exceeding $90 billion.
The Central Bank’s advisor, Ihsan Al-Yasiri, said in a press statement that: “The cash reserve exceeded 160% of the value of the Iraqi dinar,” noting that “the value of the Iraqi currency or the balance exceeded 160%, as the value of the Iraqi dinar amounted to more than one and a half dinars.”
He explained, “This number is very large and indicates a barrier to the recovery of the economy and a great support for the value of the Iraqi currency.”
He expected, “The 20,000 dinars coin will be offered at the end of next year 2023.”
Al-Yasiri pointed out that “15 trillion dinars were granted as loans for industrial, agricultural, housing and trade projects.”