The Central Bank of Iraq announced on Tuesday the growth of foreign reserves by 32.6% in 2018, while also announced the arrival of Iraq's reserves of gold 96 tons.
"Foreign reserves report showed a positive performance in 2018 compared to 2017 as foreign reserves grew by 32.6%, driven by the positive difference between dollar purchases from the Ministry of Finance and sales through a sales window Foreign currency in addition to the profits realized from the proceeds of the investment portfolio in various segments. "
"At the investment level, the portfolio grew by about 25 percent in 2018 in 2018 as a result of the positive difference between the central bank's purchases of the dollar and its sales, as well as the conversion of a large portion of other currencies due to maturity Some investment instruments and returns to the US dollar. "
He pointed out that "gold rose in value in 2018 by about 6% than in 2017, as a result of increased investment in this asset, and the gold reserves of the Central Bank of Iraq about 96 tons in 2018.
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"Foreign reserves report showed a positive performance in 2018 compared to 2017 as foreign reserves grew by 32.6%, driven by the positive difference between dollar purchases from the Ministry of Finance and sales through a sales window Foreign currency in addition to the profits realized from the proceeds of the investment portfolio in various segments. "
"At the investment level, the portfolio grew by about 25 percent in 2018 in 2018 as a result of the positive difference between the central bank's purchases of the dollar and its sales, as well as the conversion of a large portion of other currencies due to maturity Some investment instruments and returns to the US dollar. "
He pointed out that "gold rose in value in 2018 by about 6% than in 2017, as a result of increased investment in this asset, and the gold reserves of the Central Bank of Iraq about 96 tons in 2018.
alforatnews.com/modules/news/article.php?storyid=192263