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[size=36]At a rate exceeding 5 percent ... the rise of the central bank's reserves of hard currency[/size]
Economy | 07:46 - 02/20/2020
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Baghdad - Mawazine News
, 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 the year 2018.
Committee member Jamal Cougar said, "The hard currency in the central bank has witnessed an increase despite the impact The demonstrations and incidents that took place recently in the volume of foreign investments in the country, as those events directly affected the economy of the country.
For his part, an official source at 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 in the Central Bank purchases of the US dollar compared to its sales through the currency sale window as well. On the profits accrued from the returns of the investment portfolio in its various segments.
He added that "at the level of investment portfolios, their values achieved net growth in the past year by 4.18 percent compared to the year 2018 accompanied by growth in returns on these portfolios in the past year by 59 percent than they were in the year 2018"
and Iraq comes in 38th globally with its possession gold and rank 5 Arab with a total of 3.96 tons. "
He noted that" this comes within the central bank 's plan to enhance returns reserves and capacity building in the field of self - management of reserves through the establishment of several international banking relationships and entering Agreements Data and memoranda of understanding with a number of major international banks and financial institutions as the International Bank for Reconstruction and Development and the Arab Monetary Fund , as well as international institutions concerned with investment management ".anthy 29 / p
, 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 the year 2018.
Committee member Jamal Cougar said, "The hard currency in the central bank has witnessed an increase despite the impact The demonstrations and incidents that took place recently in the volume of foreign investments in the country, as those events directly affected the economy of the country.
For his part, an official source at 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 in the Central Bank purchases of the US dollar compared to its sales through the currency sale window as well. On the profits accrued from the returns of the investment portfolio in its various segments.
He added that "at the level of investment portfolios, their values achieved net growth in the past year by 4.18 percent compared to the year 2018 accompanied by growth in returns on these portfolios in the past year by 59 percent than they were in the year 2018"
and Iraq comes in 38th globally with its possession gold and rank 5 Arab with a total of 3.96 tons. "
He noted that" this comes within the central bank 's plan to enhance returns reserves and capacity building in the field of self - management of reserves through the establishment of several international banking relationships and entering Agreements Data and memoranda of understanding with a number of major international banks and financial institutions as the International Bank for Reconstruction and Development and the Arab Monetary Fund , as well as international institutions concerned with investment management ".anthy 29 / p
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