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He added 2 trillion dinars.. The Central Bank of Iraq increases its capital to (5) trillion dinars

 

The Board of Directors of the Central Bank of Iraq decided on Thursday to increase its capital by 2 trillion Iraqi dinars.

A statement by the Central Bank was received by Shafak News Agency; It was decided to “increase the capital of the Central Bank of Iraq from (3) trillion dinars to (5) trillion dinars.”

The bank explained; “This increase comes to enhance the results of its balanced policies with a conservative investment management, and to emphasize the importance of the bank’s capital and its reflection on its financial position.”

And he indicated that “the capital of central banks and their financial centers reflect the sobriety of these institutions, the solidity of their assets, and the extent of their ability to support the banking sector and the sector.”

He pointed out that “the increase is by using part of the profits achieved by the Central Bank in 2021.”