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Central Bank announces the growth of its cash reserves in 2017

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rocky
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Central Bank announces the growth of its cash reserves in 2017

Post by rocky on Wed 21 Mar 2018, 6:30 am

[size=30]Central Bank announces the growth of its cash reserves in 2017[/size]
21/03/2018 01:19 | Number of readings: 47
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[rtl]Trend Press / Baghdad[/rtl]
 
[rtl]The central bank said foreign reserves grew 7 percent in 2017, confirming that these reserves are spread across eight countries .[/rtl]
 
[rtl]"The annual reports showed foreign reserves growth in 2017 by 7 per cent compared to 2016, " the bank said in a statement. " US dollar investment portfolios also grew by 38 per cent as a result of the trend of investing in dollar-denominated bonds Treasury bills and deposits . "[/rtl]
 
[rtl]"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.[/rtl]
 
[rtl]"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 ."[/rtl]
 
[rtl]On December 26, 2017, Iraqi central bank governor Ali al-Alak announced that the bank's foreign exchange reserves were $ 48 billion.[/rtl]



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