CBI achieves additional revenues in 2021

Baghdad - INA 

The Central Bank of Iraq announced today, Wednesday, that it has achieved additional returns in the first quarter of 2021, indicating that this came as a result of its adoption of the principle of self-management of investments.

The Central Bank stated in a statement received by the Iraqi News Agency (INA) that it “achieved additional returns on its investments during the first quarter of 2021 compared to the fourth quarter of last year,” indicating that “this came as a result of adopting the principle of self-management of investments as part of its efforts to adopt best practices. International in investment management, which provides flexibility and greater control, taking advantage of the electronic trading platforms owned by it, and training specialized technical staff to work on them.

The central bank confirmed, "The work according to the above mechanisms and practices has achieved additional returns resulting from the difference in negotiating interest rates with correspondents, at a rate of more than 1% of the total returns achieved on this bank's investments for the first semester of 2021."