Baghdad: Central Bank of Iraq announced yesterday that the foreign exchange reserves rose to USD 82 billion, while gold reserves exceeded 130 tons.
Spokesperson of the Central Bank of Iraq Umar Asim said in press statements that the bank’s reserves currently stand at USD 82 billion, adding that Iraq also advanced 10 ranks in the list of countries with the most gold, becoming the 30th globally and 4th in the Arab world, as its total possessions exceeded 130 tons, after purchasing an additional
34 tons. This came within the bank’s policy to achieve stability and the ability to face local and international economic changes, Asim
added.
Gold is one of the most important assets held by central banks and international financial institutions due to its acceptability at the level of international dealings.
