CandyKisses: IMF: The share of the dollar in the countries of the world fell to the lowest level in 27 years
Information / Baghdad..
The International Monetary Fund announced that the dollar’s share in global foreign exchange reserves decreased, at the end of last year 2022, to 58.36%, which is the lowest level in 27 years.
In its latest report, the fund said, “The dollar’s share in global foreign exchange reserves declined in 2022 by 0.44% to 58.36%, which is the lowest level since at least 1995.”
The International Monetary Fund noted that “the decline in the share of the US dollar was the strongest of all currencies.”
The share of the euro also decreased by 0.12% to 20.47%, the Chinese yuan by 0.11% to 2.69%, and the Japanese yen by 0.01% to 5.51%.
On the other hand, the share of the British pound rose by 0.14%, the Australian dollar by 0.12% to 1.96%, and the Swiss franc by 0.06% to 0.23%, while the Canadian dollar maintained its share as it is at 2.38%.
It is noteworthy that the dollar percentage of the monetary reserves of central banks around the world, when the single European currency “euro” was introduced in 1999, was at more than two-thirds of global reserves, specifically at 71%.
Tishwash: Iraq intends to build 15 new environmentally friendly cities
The Iraqi Ministry of Environment intends to establish 15 new environmentally friendly cities, as part of the ongoing efforts to mitigate climate changes in the country, stressing the continued strengthening of coordination and cooperation with the Global Environment Facility in implementing environmental projects that support the sectors of these changes, and the water crisis file.
The ministry stated in a statement today, Saturday, that, as a continuation of the international discussions conducted by Environment Minister Nizar Amidi in Washington, where he met with a delegation of the Global Environment Facility, and they discussed strengthening joint cooperation between the two sides in the field of facing challenges resulting from climate change, water scarcity and land degradation, stressing the importance of International support in the implementation of mitigation and adaptation projects to face climate change and the transition towards a green economy.
During the meeting, the Minister of Environment touched on the issue of new sustainable cities and proceeding to build 15 new environmentally friendly cities through green spaces, waste recycling projects and the use of renewable energies.
Imedi appreciated the great support provided by the Global Environment Facility to strengthen capabilities and support projects related to adapting to climate change and mitigating its negative effects, according to the statement.
Last week, Environment Minister Nizar Amidi arrived in the capital of the United States of America, Washington, to participate in the annual meetings of the World Bank, based on an official invitation from the Bank.
And the United Nations and the countries participating in the Climate Action Summit confirmed earlier that Iraq is among the countries most affected by climate change, and it needs urgent measures to protect the environment, praising the steps taken by Iraq in this regard.
The World Bank Organization had said, at the end of 2022, that Iraq is facing an urgent climate challenge that, to meet it, it must move towards a “greener and more environmentally friendly” development model, especially by diversifying its economy and reducing its dependence on carbon. link