LAST UPDATE 8/11/2022 | 9:36 AM
On Thursday, the Central Bank of Iraq revealed that cash reserves had risen to $82 billion, as well as an increase in its gold balance to record levels.
The official spokesman for the Central Bank, Omar Asim, said in a statement reported by the official “Al-Sabah” newspaper, which was seen by “The Information”, that “the bank’s reserves currently amount to 82 billion dollars.”
Assem added, “Iraq also advanced 10 ranks in the table of countries with the most gold, to become the thirtieth in the world and fourth in the Arab world, as its total possessions exceeded 130 tons, after purchasing an additional 34 tons, and this came within the bank’s policy to achieve stability and ability to confront Local and international economic variables.
Gold is one of the most important assets held by central banks and international financial institutions, due to its acceptance at the level of international dealings. finished/25