The Central Bank: The foreign currency reserves rose to 64 billion dollars
economic 12/13/2021 | 9:25 am
The Central Bank of Iraq revealed, on Monday, that the Iraqi hard currency reserves had risen to 64 billion dollars.
And the official “Al-Sabah” newspaper, in a news item seen by “Information”, quoted a senior source in the Central Bank as saying that “the hard currency reserves of the US Federal Reserve rose to 64 billion dollars, due to the rise in the oil markets.”
The source attributed the strengthening of foreign exchange reserves to “some important measures taken by the government.”
International reserves, or foreign exchange reserves—the deposits and bonds of foreign currency held by central banks and monetary authorities—are important to support a currency and pay debts owed by a country. finished/25