Canceling the currency auction, reducing borrowing, and “isolating” the central bank’s reserves ... the most important thing for hard currency in the 2021 budget

My FX Buddies · Feb 9, 2021 · 22m

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Canceling the currency auction, reducing borrowing, and “isolating” the central bank’s reserves ... the most important thing for hard currency in the 2021 budget

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Today, Monday, the Parliamentary Finance Committee revealed a tendency to cancel the currency auction, while indicating that the Central Bank's reserves will not be affected in the general budget for 2021.

The committee's reporter, Ahmed Al-Saffar, said in statements to the official agency and its subsidiary, Yass Iraq, that…