The central bank announced Tuesday that foreign reserves grew 7% in 2017, confirming that these reserves are spread across eight countries.
The bank said in a statement that Alsumaria News reported that "the annual reports showed the growth of foreign reserves in 2017 by 7% compared to 2016," noting that "investment portfolios in US dollars also grew by 38% as a result of investment in the dollar currency bonds and treasury bills And deposits.
"The investment portfolio in gold also witnessed a positive growth of 15 per cent in 2017, which caused its 2017 equal value compared to 2016, and the bank's investment in sukuk Islamic bonds grew by 50 per cent," the bank said.
"The reserve department takes into account the importance of the geographic distribution of investments," he said. "These reserves are distributed among eight countries, the United States, Switzerland, France and Britain."
On December 26, 2017, Iraqi central bank governor Ali al-Alak announced that the bank's foreign exchange reserves were $ 48 billion.
SOURCE
The bank said in a statement that Alsumaria News reported that "the annual reports showed the growth of foreign reserves in 2017 by 7% compared to 2016," noting that "investment portfolios in US dollars also grew by 38% as a result of investment in the dollar currency bonds and treasury bills And deposits.
"The investment portfolio in gold also witnessed a positive growth of 15 per cent in 2017, which caused its 2017 equal value compared to 2016, and the bank's investment in sukuk Islamic bonds grew by 50 per cent," the bank said.
"The reserve department takes into account the importance of the geographic distribution of investments," he said. "These reserves are distributed among eight countries, the United States, Switzerland, France and Britain."
On December 26, 2017, Iraqi central bank governor Ali al-Alak announced that the bank's foreign exchange reserves were $ 48 billion.
SOURCE