Central: The annual report of foreign reserves shows a positive performance in 2019
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Economy News _ Baghdad
The data of the annual report of the Central Bank of Iraq, on foreign reserves, showed a positive performance in 2019 compared to 2018.
"A copy of it," the central bank said in a statement received by Al-Iqtisad News, "that foreign reserves grew by 5.52% in 2019 compared to 2018, as a result of the increase witnessed by the bank's purchases of the US dollar from the Ministry of Finance compared to its sales through the currency sale window, as well as The profits accrued from the returns of the investment portfolio in its various sectors.
The statement added, "On the level of investment portfolios, the value of this portfolio achieved net growth in 2019 of 18.4% compared to 2018, accompanied by a growth of returns on these portfolios in 2019 by 59% compared to 2018."
And he explained that "the gold segment has grown in 2019 by 18.8% compared to 2018," noting that although the bank's investment in this asset has not increased during this year, the increase in the value of these holdings came as a result of the significant increase witnessed by the price of gold globally .