Dinar Opinions

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, explained today, Thursday, the fate of the reserves of the Central Bank of Iraq located in American banks, while determining the value of the “sovereign portfolio.” In an interview with Al-Maalouma Agency, Salih said, “Diversifying the central bank’s reserves from various foreign currencies and various safe investment tools ensures its protection from legal and price risks,” stressing: “There is no pressure exerted on diversifying reserves.” A statement by the Central Bank of Iraq received by Shafaq News Agency stated; The new system will collect financial data from banks and non-bank financial institutions represented by (banks’ quarterly data tables, mandatory reserve reservation tables, trial balance tables for non-bank financial institutions, liquidity and capital adequacy tables, and financial inclusion data), as well as permanent record data. Every bank or non-banking financial institution licensed by...