A new rise in the reserves of the Central Bank of Iraq

A new rise in the reserves of the Central Bank of Iraq

Posted, 09-24-2021,PM 10:19

Central Bank of IraqThursday, the Central Bank of Iraq announced a new rise in the bank’s foreign exchange reserves.

The Deputy Governor of the Central Bank, Ihsan Shamran Al-Yasiri, said that “the foreign reserves of the Central Bank of Iraq witnessed a 14% increase compared to what they were on 31/12/2020.”

Al-Yasiri added: “It was worth $54.501 billion, to reach on 9/22/2021 (yesterday), to $62.155 billion, an increase of $7.654 billion,” according to the official agency.

And Prime Minister Mustafa Al-Kazemi announced, last April, that the Central Bank’s foreign currency reserves had risen to more than $60 billion.

Al-Kazemi said, in a statement, that “the central bank’s foreign currency reserves rose to more than 60 billion dollars, after it was 51.9 billion dollars before the reform measures of this government began.”

The Prime Minister added, “The increase came as a result of the reform measures taken by the government after many bet on their failure and non-continuity,” adding, “We succeeded in stopping the waste and great corruption in the notorious Central Bank auction, and we are proceeding with our procedures and we will not stop.”