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The central bank takes measures to spare currency reserves from risks
Economy 04-15-2023, 11:15
Baghdad - conscious
Today, Saturday, the Central Bank of Iraq announced the size of foreign reserves, while indicating that it seeks to spare them from risks.
The Deputy Director General of the Investments Department at the Central Bank of Iraq, Muhammad Yunis, told the Iraqi News Agency (INA):
"The central bank's investments originate in foreign reserves held by the bank," pointing out that
"it is divided into a group of segments, including liquidity segments and investment segments."". Yunus added,
"These reserves have now exceeded (110) billion dollars," noting that
"most of them are invested in assets that are as close as possible to risk-free." He continued,
"We try as much as possible to enter into investments that achieve reasonable returns and avoid the risks that foreign reserves may be exposed to," stressing that
"the returns on investments achieved are acceptable and achieve the goal for which the reserves were found."
https://www.ina.iq/182975--.html
Economy 04-15-2023, 11:15
Baghdad - conscious
Today, Saturday, the Central Bank of Iraq announced the size of foreign reserves, while indicating that it seeks to spare them from risks.
The Deputy Director General of the Investments Department at the Central Bank of Iraq, Muhammad Yunis, told the Iraqi News Agency (INA):
"The central bank's investments originate in foreign reserves held by the bank," pointing out that
"it is divided into a group of segments, including liquidity segments and investment segments."". Yunus added,
"These reserves have now exceeded (110) billion dollars," noting that
"most of them are invested in assets that are as close as possible to risk-free." He continued,
"We try as much as possible to enter into investments that achieve reasonable returns and avoid the risks that foreign reserves may be exposed to," stressing that
"the returns on investments achieved are acceptable and achieve the goal for which the reserves were found."
https://www.ina.iq/182975--.html
