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Don961: A new rise in the reserves of the Central Bank of Iraq

Baghdad – INA – Nassar Al-Hajj

The Central Bank of Iraq announced today, Thursday, a new rise in the bank’s foreign exchange reserves.

The Deputy Governor of the Central Bank, Ihsan Shamran Al-Yasiri, told the Iraqi News Agency (INA), that “the foreign reserves of the Central Bank of Iraq witnessed a 14% increase compared to what they were on 31/12/2020.”

Al-Yasiri added: “Where it was worth 54.501 billion dollars, to reach on 22/9/2021 (yesterday), it reached 62.155 billion dollars, an increase of 7.654 billion dollars.”

And Prime Minister Mustafa Al-Kazemi announced, last April, that the Central Bank’s foreign currency reserves had risen to more than $60 billion.

Al-Kazemi said, in a statement received by the Iraqi News Agency (INA), that “the central bank’s foreign currency reserves rose to more than 60 billion dollars, after it was 51.9 billion dollars before the reform measures for this government began.”

The Prime Minister added, “The increase came as a result of the reform measures taken by the government after many bet on their failure and lack of continuity,” adding: “We succeeded in stopping waste and great corruption in the notorious Central Bank auction, and we are proceeding with our procedures and we will not stop.”   LINK

Jerry1971:  Thanks Don awesome article and further confirmation from Cbi and Pm KAZEMI that the monetary reform is in full swing proceeding in the speed of light and nothing is stopping it this time ties in with Sir Frank golden nuggets of what there are going to do with their nscn (New small currency notes)  and new exchange rate change shortly IMO Exciting times in dinarland.

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Samson:  Oil prices cross $77 a barrel

24th September, 2021

Today, Friday, oil prices jumped to their highest level in more than two months, to cross the barrier of 77 dollars a barrel

Brent crude settled up $1.06, or 1.4 percent, to $77.25 a barrel, the highest price since mid-July, while US West Texas Intermediate crude rose $1.07, or 1.5 percent, to $73.30 a barrel  LINK

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