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The Ministry of Treasury and Finance made a statement regarding Turkey’s share of the 650 billion dollars SDR allocation, which was issued by the IMF to support member countries due to the coronavirus epidemic. In the statement made by the ministry, it was stated that “an agreement has not been signed with the IMF or a program relationship has not been entered into”.
In the statement made by the Ministry, it was stated that Turkey’s share of the 650 billion dollars allocation was 6.3 billion dollars.
The statement made by the Ministry is as follows;
“It is seen that there are false information about the IMF SDR (Special Drawing Rights) allocation in the press and there are rumors.
Our country has been a member of the IMF since 1947 and has a 0.98 percent share in the said institution.
IMF provided a total of 650 billion USD SDR allocation, in other words unconditional reserve support, to support member countries due to the Kovid epidemic on August 23, 2021.DINAMOBET GIRIS ICIN TIKLAYIN
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SDR allocations are made to 190 member countries at the rate of their quota shares. For example, with this last allocation, US$ 112.9 billion in reserves was provided to the USA, US$ 36 billion to Germany, and US$ 4.15 billion to South Africa. Turkey was allocated USD 6.3 billion to correspond to its quota share in the IMF.
No agreement has been signed or a program relationship has been entered into with the IMF in this regard. This opportunity is a resource opened to the use of all member countries.
Although the amount of SDR allocation is in our international reserves, it will be followed in the accounts of our Ministry with the CBRT. Information on the SDR allocation can be found on the IMF’s website (https://www.imf.org/en/About/FAQ/special-drawing-right).
Source: Haber GlobalDINAMOBET GIRIS ICIN TIKLAYIN