Iraq is the fifth Arab gold reserve this amount


Date of release: 2019/3/19 22:07 
The Central Bank of Iraq announced on Tuesday the growth of foreign reserves by 32.6% in 2018, while also announced the arrival of Iraq’s reserves of gold 96 tons.
“Foreign reserves report showed a positive performance in 2018 compared to 2017 as foreign reserves grew by 32.6%, driven by the positive difference between dollar purchases from the Ministry of Finance and sales through a sales window Foreign currency in addition to the profits realized from the proceeds of the investment portfolio in various segments. ” 
“At the investment level, the portfolio grew by about 25 percent in 2018 in 2018 as a result of the positive difference between the central bank’s purchases of the dollar and its sales, as well as the conversion of a large portion of other currencies due to maturity Some investment instruments and returns to the US dollar. “
He pointed out that “gold rose in value in 2018 by about 6% than in 2017, as a result of increased investment in this asset, and the gold reserves of the Central Bank of Iraq about 96 tons in 2018. 
According to the statement, Iraq ranks fifth in the Arab world and ranked 37th in terms of gold reserves, and Iraq was one of the largest buyers of gold in 2018 along with India, China and Kazakhstan.


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