The Central Bank of Iraq announces an “unprecedented” growth in its foreign reserves

economyIraqForeign currencycentral bankPrecautions 2022-01-19 10:51A-AA+

Shafaq News/ The Central Bank of Iraq announced on Wednesday that it recorded a significant growth in its foreign currency reserves last year.

The bank’s media office said in a statement today, that its data “for 2021 showed an unprecedented growth in its foreign reserves compared to previous years.”

The statement pointed out that “this growth was achieved thanks to its various investments and its management in accordance with the monetary policy based on the best international practices away from risks.”

The bank did not mention in its statements any figures that determine the size of its foreign reserves.

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