A look at the foreign exchange reserves of 10 Arab countries. Why Iraq receded within a year?


Friday 11-03-2016 | 8:09:11

Twilight news/differing foreign exchange reserves ten Arab countries until the end of last year, rising and falling, by internal and external reasons, variables and global economy with declining crude oil prices.
Foreign exchange reserves known as deposits and foreign currency bonds, excluding gold reserves held by central banks and monetary authorities, mainly to be mated to the us dollar.

According to official figures issued by the Saudi Monetary Agency, the Kingdom's foreign exchange reserve 616.4 billion us dollars at the end of last year, compared to 732.3 billion dollars in 2014.

The foreign exchange reserve, which was built in the years which saw oil prices rise, that's enough country imports goods and services, for 44 months.

Foreign exchange reserves reached, until the end of last year, 93 billion dollars, up from 77.3 billion dollars in 2014.

And sufficient foreign reserves to meet the need for imports of goods and services, for 6.5 months, average monthly imports amounted to 15 billion dollars.

Dip Qatar reserves of foreign currency, to 36.7 billion dollars, by the end of 2015, down from 42.6 billion dollars, by the end of 2014.

And sufficient reserves of foreign exchange, the country's imports of goods and services, for a period of 12 months.

And Iraq's foreign exchange reserve, until the end of last year, to 65 billion dollars, compared with 77 billion dollars in 2014.

The decline is attributed majority of Iraq oil States, declining crude prices, which is the source of more than 70% of its revenues from oil sales finance.

Rose Egypt's foreign exchange reserves, to 16.44 billion us dollars at the end of last year, compared with the corresponding period from 15.3 in 2014.

Reserve amounted to Morocco's foreign exchange, 23 billion dollars, compared to 16.8 billion u.s. dollars in 2014, with enough reserves to meet the costs of imports for a period of 8 months.

And declining reserves of the Palestinian Monetary Authority (Central Bank actions menu), to $ 473.8 million, by the end of 2015, compared with $ 559.1 million in 2014.

And sufficient foreign exchange reserves, to meet the need for monthly imports, one month and one week, by reference to the external trade figures released by "statistics" (governmental), monthly imports 410 million us dollars.

Lebanon reserve amounted to foreign currency, until the end of last year, about 38 billion u.s. dollars, sufficient reserves to meet imports for 23 months.

Rose slightly, Jordan's reserves of foreign currency, to 14.1 billion dollars, compared with $ 14.07 billion in 2014, and sufficient reserves to meet imports for eight months.

Finally, Tunisia's foreign exchange reserves, about 7 billion dollars, compared to 6.5 billion dollars by 2014, and sufficient imports for a period of 4 months.

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