The Central Bank of Iraq's gold reserves rise
June 27, 2022
The Central Bank of Iraq's gold reserves rise
Today, Monday, the Central Bank of Iraq announced that Iraq had advanced ten ranks in the table of the most countries in gold reserves, bringing its total possessions to (130.39) tons, ranked thirty in the world and fourth in the Arab world.
The Central Bank of Iraq confirmed new quantities of gold purchase, amounting to approximately (34) tons, with an increase of 35% over what was in its possession. This increase came within the framework of the Central Bank's strategy to manage its assets to achieve the highest levels of stability and ability to face local and international economic changes.
It is noteworthy that gold is one of the most important assets held by central banks and international financial institutions and a haven in conditions of uncertainty due to its acceptance at the international level.Central Bank of Iraq
Media Office
27 Jun 2022
