A look foreign exchange for reserves of 10 Arab countries .. Why decline Iraq in year
A look at the foreign exchange for reserves of 10 Arab countries .. Why the decline of Iraq within a year?
3/12/2016 0 Comments
Twilight News / divergence foreign exchange reserves to ten Arab countries until the end of last year, between rising and falling, due to internal and external reasons, and the variables of the global economy with the decline in crude oil prices.
And it knows foreign exchange reserves as deposits and bonds of foreign currency, without gold reserves held by central banks and monetary authorities calculated, and most of them are the ability of the US dollar.
According issued by the Saudi Arabian Monetary Agency official figures, back up the Kingdom of foreign exchange totaled 616.4 billion US dollars, the end of last year, compared with 732.3 billion the end of 2014.
The foreign exchange reserves, which was built in the years in which the price of a barrel of oil has risen, that enough of the country's imports of goods and services, for a period of 44 months to come.
The total foreign exchange reserves of the UAE, until the end of last year, 0.93 billion US dollars, up from 77.3 billion dollars in 2014.
And sufficient foreign reserves, meet the needs of the UAE's imports of goods and services, for a period of 6.5 months, with an average monthly imports of 15 billion US dollars.
And declining reserves of Qatar 's foreign exchange, to 36.7 billion US dollars, by the end of 2015, down from 42.6 billion US dollars, with the end of 2014.
Qatar and enough reserves of foreign exchange, to meet the needs of the country's imports of goods and services, for a period of 12 months.
It fell Iraq's foreign exchange reserves, until the end of last year, to US $ 65 billion, compared with $ 77 billion in 2014.
And attributed the fall in Iraq and the majority of oil-producing countries, to the decline in crude prices, which is the source of more than 70% of financial revenues from oil sales.
The reserves rose Egypt 's foreign exchange, to 16.44 billion US dollars, the end of last year, compared with 15.3 in the corresponding period of 2014.
The total Morocco's foreign exchange reserves, US $ 23 billion, compared with US $ 16.8 billion in 2014, with enough reserves to meet the cost of imports for a period of 8 months.
And the decline of the Palestinian Monetary Authority reserves (based institution acting central bank), to 473.8 million dollars, the end of 2015, compared with 559.1 million dollars in 2014.
And sufficient foreign exchange reserves, to meet the needs of the Palestinian monthly import costs, for a month and a week, by reference to the foreign trade figures released by the Palestinian "Statistics" (government), the value of monthly imports amounting to US $ 410 million.
The total for Lebanon's foreign exchange reserves, until the end of last year, nearly 38 billion US dollars, and sufficient reserves to meet the value of imports for a period of 23 months.
It rose slightly, Jordan's foreign exchange reserves, to US $ 14.1 billion, compared with 14.07 billion dollars in 2014, and enough reserves to meet the value of imports for a period of 8 months.
Finally, Tunisia's foreign exchange reserves amounted to about US $ 7 billion, compared with $ 6.5 billion in 2014, and imports enough for 4 months.