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

Today, Thursday, 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 million dollars, to reach on 22/9/2021 (yesterday), it reached 62.155 million dollars, an increase of 7.654 million dollars.”

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 received by the Iraqi News Agency (INA), that “the central bank’s foreign currency reserves rose to more than 60 billion dollars, after it was 51.9 billion before the start of the reform measures for this government.”

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 lack of continuity,” adding: “We succeeded in stopping waste and great corruption in the notorious Central Bank auction, and we are proceeding with our procedures and we will not stop.”