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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


    The Central Bank: The Continued Rise In Oil Prices Contributes To An Increase In Foreign Exchange Re

    Rocky
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    The Central Bank: The Continued Rise In Oil Prices Contributes To An Increase In Foreign Exchange Re Empty The Central Bank: The Continued Rise In Oil Prices Contributes To An Increase In Foreign Exchange Re

    Post by Rocky Thu 14 Jul 2022, 7:19 am

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    On July 14, 2022
    The Independent/- The Central Bank of Iraq renewed its assurances to citizens that the continued rise in oil prices in the global market contributes to increasing the cash reserves of hard currency, stressing the rise in Iraq's gold reserves.
    And the Deputy Governor of the Central Bank, Ammar Khalaf, stated, in a press statement that the Independent followed, that “the increase in the monetary reserve is linked to the rise in oil prices in the global market and is reflected in the reserves of the Central Bank, which we expect to reach 90 billion dollars at the end of this year.”
    He explained, "The cash reserve currently with the Central Bank has reached more than 70 billion dollars."
     
    And about the size of Iraq’s gold reserves, the Deputy Governor of the Central Bank confirmed, “We have more than 100 tons of gold reserves currently, indicating that” the increase in gold reserves is not continuously, but rather over relatively long periods.
    He added, "We reached to increase this number a short time ago by 30 tons, which led to the rise of Iraq's classification in the global gold list, ahead of other countries."
    The Central Bank of Iraq, late last month, announced that Iraq had advanced among the list of countries with the most gold reserves, bringing its total possessions to (130.39) tons, ranking thirty in the world and fourth in the Arab world.




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