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The Central Bank reveals the percentage of gold in Iraq's foreign currency reserves
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Economy News - Follow-up
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Added 10/16/2024 - 12:48 PM
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Economy News - Follow-up
The Central Bank of Iraq revealed that the contribution of gold inside and outside the country in 2023 is equal to 8.5% of the country's total foreign currency reserves.
The bank said in a report it recently published and reviewed by "Al-Eqtisad News", that "the total reserves of the Central Bank of hard currency, whether gold, dollars or foreign currency, at the bank in the year 2023 amounted to 145.257 trillion dinars, an increase of 3.50% over the year 2022, which amounted to 140.086 trillion dinars."
He added, "The percentage of gold's contribution to these hard currency reserves amounted to 8.5%, which is equal to 12.293 trillion dinars, an increase of 10.37% compared to the year 2022, which amounted to 11.018 trillion dinars."
According to the report, "the contribution of balances in foreign banks and in New York to the foreign currency reserve amounts to 91.3%, which is equal to 132.641 trillion dinars," noting that "the contribution of foreign currency in the Central Bank's vaults amounts to 0.2%, which is equal to 323 billion dinars."
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Added 10/16/2024 - 12:48 PM
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