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Parliamentary Finance and the Central Bank Governor discuss the “white paper” and foreign reserves

The Parliamentary Finance Committee held a meeting with the Governor of the Central Bank of Iraq, Mustafa Ghaleb, at the committee’s headquarters in Parliament.

Committee reporter Ahmed Al-Saffar told {Al-Furat News} that “the committee hosted today the governor of the Central Bank to discuss the bank’s position and foreign currency cash reserves, in addition to the” white paper “, noting that” the Ministry of Finance presented the Financial Living Committee law for the remaining months. ”

The Minister of Finance, Ali Allawi, announced during a meeting with the Al-Furat satellite channel, that the ministry “will present the” white paper “for economic reform to the cabinet next Tuesday.

He added that “the paper includes a diagnosis of the origin of economic problems and remedies that will be difficult, but there is no alternative to them,” announcing that “the central bank’s foreign currency reserves amount to $ 52 billion and Iraq will be in danger if it falls to $ 20 billion.” Source