[size=36]Central Bank reveals the annual report of foreign reserves .. Positive performance in 2018[/size]
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The central bank issued its annual reserves report on Tuesday, recording a positive performance of foreign reserves in 2018 compared to performance in 2017.
"The annual report of foreign reserves showed a positive performance in 2018 compared to 2017 as foreign reserves grew by 32.6%, driven by the positive difference between the bank's purchases of dollars from the Ministry of Finance, Financial and sales through the window selling foreign currency in addition to the profits from the proceeds of the investment portfolio in various segments.
"At the portfolio level, the portfolio in US dollars in 2018 grew by almost 25 percent from 2017 as a result of the positive difference between the central bank's purchases of the US dollar and its sales, as well as the conversion of a large part of the other currencies resulting from The maturity of some investment instruments and returns on them to the currency of the US dollar. "
"The gold sector rose in value in 2018 by about 6% than it was in 2017, as a result of increased investment in this asset, and the gold reserves of the Central Bank of Iraq nearly 96 tons in 2018, Iraq comes in fifth place in the Arab and 37 Globally in terms of gold reserves. Iraq was one of the largest buyers of gold in 2018 along with India, China and Kazakhstan. "
"Investments in Islamic bonds issued by the Islamic Development Bank in 2018 have increased more than in 2017 by about 33 percent," he said.
"The portfolio in the Australian dollar in 2018 rose almost 1.6% compared to 2017, due to the rise in deposit yields added to the original deposit balance. In early 2018, .
He explained that "the Department of Reserves sponsors the importance of geographical distribution of investments, and diversification of foreign reserves of the Central Bank of Iraq in terms of investment tool and medium term."