Central Bank Governor: Iraq has one of the highest gold reserves in the Arab world at 162 tons
The Governor of the Central Bank, Ali Al-Alaq, stated on Tuesday that Iraq has one of the highest gold reserves among Arab countries, amounting to 162 tons. Al-Alaq stated in a statement to the official agency that “the Central Bank is closely monitoring the movement of gold and currencies,” noting that “part of diversification to ward off any risks is to have a percentage of gold reserves, especially in recent years, there have been continuous purchases.”
He added, “Iraq today has 162 tons of gold, which is one of the highest reserves in the Arab world, and we are the fourth country in terms of the size of the gold reserves we have.”
World Bank confirms strengthening financial stability in Iraq
Minister of Finance Taif Sami stressed, on Tuesday, the importance of the ongoing partnership with the World Bank, and Iraq’s aspiration to benefit from the technical and financial support it provides in implementing strategic projects to stimulate economic growth and provide job opportunities .
The minister said during her meeting with the World Bank representative, Jean-Christophe Carret, according to a statement issued by the Ministry of Finance and received by Shafak News, that “cooperation includes areas related to infrastructure and human development .”
The statement added, “The meeting discussed ways to enhance economic and financial cooperation between Iraq and the World Bank, and reviewed a number of key topics related to enhancing financial stability in Iraq, in addition to discussing development projects that the two parties seek to implement with the aim of achieving sustainable development .”
For his part, the World Bank representative, according to the statement, expressed the bank’s commitment to continue supporting Iraq in achieving its development goals, noting that “the World Bank pays great attention to enhancing Iraq’s ability to face economic and development challenges, with a focus on sustainable development and achieving comprehensiveness in the benefits achieved .”
