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The Central Bank: The Continued Rise In Oil Prices Contributes To An Increase In Foreign Exchange Reserves On July 14, 2022 The Independent/- The Central Bank of Iraq renewed its assurances to citizens that the continued rise in oil prices in the global market contributes to increasing the cash reserves of hard currency, stressing the rise in Iraq's gold reserves. And the Deputy Governor of the Central Bank, Ammar Khalaf, stated, in a press statement that the Independent followed, that “the increase in the monetary reserve is linked to the rise in oil prices in the global market and is reflected in the reserves of the Central Bank, which we expect to reach 90 billion dollars at the end of this year.” He explained, "The cash reserve currently with the Central Bank has reached more than 70 billion dollars." And about the size of Iraq’s gold reserves, the Deputy Governor of the Central Bank confirmed, “We have more than 100 tons of gold reserves currently, indicating that” the increase in gold reserves is not continuously, but rather over relatively long periods. He added, "We reached to increase this number a short time ago by 30 tons, which led to the rise of Iraq's classification in the global gold list, ahead of other countries." The Central Bank of Iraq, late last month, announced that Iraq had advanced among the list of countries with the most gold reserves, bringing its total possessions to (130.39) tons, ranking thirty in the world and fourth in the Arab world.
The Central Bank of Iraq announces the realization of the largest reserve in its history Posted one minute ago The Central Bank of Iraq announces the realization of the largest reserve in its history - Iraq News (iraqakhbar-com.translate.goog) The Central Bank of Iraq announced, on Thursday, the achievement of the largest reserve in its history, with a number exceeding 87 billion dollars. And the Central Bank's advisor, Ihsan Shamran Al-Yasiri, said in a statement followed by Noon News Agency, that "the reserves of the Central Bank exceeded 87 billion dollars, which is the largest number that the reserves of the Central Bank of Iraq reach." He stressed, "The Iraqi currency is very strong, because the reserves constitute 13,0% of the source of circulation from the funds in banks and others, in addition to its function to meet the requirements of traders to import goods." He pointed out, "All uncontrolled government spending indirectly affects the reserve and decreases it." He expressed his hope that "the reserves will exceed $100 billion."
The Central Bank indicates an increase in gold reserves by about 30 tons 2022.08.21 - 11:44 Baghdad - people On Sunday, the Central Bank announced an increase in gold reserves by 30 tons. The deputy governor of the Central Bank, Ammar Khalaf, said in a statement to the official agency, followed by “Nas” (August 21, 2022): “The rise in the central bank’s reserves came as a result of the rise in international oil prices, and this is reflected in the rise in reserves,” expecting “the reserve to reach $90 billion at the end of the year.” current year". He added that "the current reserves of the Central Bank amounted to more than 80 billion dollars," noting that "the gold reserves amounted to more than 131 tons, as it increased by about 30 tons, and this led to a high ranking of Iraq globally." He stated that "gold is not increased continuously, but rather through long periods."