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THE CENTRAL BANK ANNOUNCES A RISE IN CASH RESERVES TO MORE THAN 55 BILLION DOLLARS

Today, Saturday, the Central Bank of Iraq announced that its cash reserve has risen to more than $ 55 billion. The central said in a statement followed by the “National News Center” that “the increase in monetary reserves came as a result of high oil prices,” indicating that “the monetary reserve has now exceeded $ 55 billion.” The central added that “the decrease in bank purchases from the outlets led to an increase in the cash reserve.”