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High central bank reserves of gold and hard currency

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High central bank reserves of gold and hard currency Empty High central bank reserves of gold and hard currency

Post by rocky on Thu 20 Feb 2020, 1:36 am


High central bank reserves of gold and hard currency

09:15 - 02/20/2020



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The information / Baghdad ..
The Central Bank revealed, on Thursday, a rise in the country's reserves of hard currency during the past year by more than 5 percent compared to 2018, with growth in investment portfolios and gold bars.
The official newspaper "Al-Sabah" quoted by its number issued today, an official source with the Central Bank, said, "The data of the annual report of foreign reserves showed a positive performance in the past year compared to 2018, as these reserves grew by 5.52 percent as a result of an increase witnessed by the Central Bank purchases of the American dollar, A comparison of its sales through the currency sale window, as well as the profits accruing from the returns of the investment portfolio in its various segments.
He added, “On the level of investment portfolios, their values ​​achieved net growth in the past year of 18.4 percent compared to 2018, accompanied by a growth of returns on these portfolios in the past year by 59 percent compared to 2018.
The source added that "the gold slices also grew in the year 2019 by 18.8 percent compared to the year 2018, as despite the increase in the bank's investment in gold, there is an increase in the value of these holdings as a result of the significant increase witnessed by the price of gold globally."
He pointed out that “this comes within the central bank’s plan to enhance the returns of reserves and build capabilities in the field of reserves management by establishing numerous international banking relationships and entering into agreements and memoranda of understanding with a number of international banks and major financial institutions such as the International Bank for Reconstruction and Development and the Arab Monetary Fund as well as international institutions Concerned with investment management. Ended / 25


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High central bank reserves of gold and hard currency Empty Central Bank: High hard currency reserves .. and reveals details

Post by rocky on Thu 20 Feb 2020, 2:08 am

Central Bank: High hard currency reserves .. and reveals details

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{Baghdad: Al Furat News} The Central Bank of Iraq revealed a rise in the country's reserves of hard currency during the past year by more than 5 percent compared to 2018.
An official source at the Central Bank said in a press statement that "the data of the annual report of foreign reserves showed a positive performance in the past year compared to 2018, as these reserves grew by 5.52 percent as a result of an increase in the Central Bank purchases of the US dollar, 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 segments.
He added, "On the level of investment portfolios, their values ​​achieved a net growth in the past year of 18.4 percent compared to 2018, accompanied by a growth of returns on these portfolios in the past year by 59 percent over what they were in 2018.
The source added that "the gold slices also grew in the year 2019 by 18.8 percent compared to the year 2018, as despite the increase in the bank's investment in gold, there is an increase in the value of these holdings as a result of the significant increase in the price of gold globally."
Iraq is ranked 38th in the world with its possession of gold, and 5th in the Arab world, for a total of 96.3 tons.
The source pointed out that this comes within the central bank's plan to enhance the returns of reserves and build capacity in the field of reserves management by establishing several international banking relationships and entering into agreements and memoranda of understanding with a number of international banks and major financial institutions such as the International Bank for Reconstruction and Development and the Arab Monetary Fund as well as international institutions Concerned with investment management.
Ammar Al-Masoudi finished


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High central bank reserves of gold and hard currency Empty Central Bank: Foreign reserves increased during the year 2019

Post by rocky on Thu 20 Feb 2020, 2:25 am

Central Bank: Foreign reserves increased during the year 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 .

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High central bank reserves of gold and hard currency Empty The Central Bank issues a report on foreign reserves and confirms its growth by 5.52%

Post by rocky on Thu 20 Feb 2020, 8:58 am

[size=35][size=35]The Central Bank issues a report on foreign reserves and confirms its growth by 5.52%[/size]
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Economie

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2020-02-20 | 05:20
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[/size]


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[size=18]Today, Thursday, the Central Bank of Iraq issued a report on foreign reserves, confirming the growth of these reserves by 5.52%.


The bank said in a statement that Alsumaria News received a copy of it, "The annual data of foreign reserves showed a positive performance in 2019 compared to 2018," noting that "these reserves grew by 5.52% during 2019 compared to the previous year."







The bank added, "The increase witnessed by the bank's purchases of the US dollar from the [url=https://www.alsumaria.tv/Entity/3238106360/%D9%88%D8%B2%D8%A7%D8%B1%D8%A9 %D8%A7%D9%84%D9%85%D8%A7%D9%84%D9%8A%D8%A9/ar/]Ministry of Finance[/url] 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 reflected positively on the rise of these reserves."

He explained, "The investment portfolios achieved a net growth in the value of these portfolios in 2019 by 18.4% compared to 2018, accompanied by a growth of returns on these portfolios in 2019 by 59% compared to 2018, and the percentage of these returns to investment portfolios in 2018 was approximately 1.7 The percentage of returns to investment portfolios increased in 2019 to almost 2.3%.


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High central bank reserves of gold and hard currency Empty Re: High central bank reserves of gold and hard currency

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