CBI: Gold reserves grow by 45.1 percent

Economy
  • 2-03-2025, 11:38
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    INA-  Baghdad


    The Central Bank of Iraq CBI announced on Sunday that gold reserves grew by 45.1 percent.

    CBI said in a statement, obtained by the Iraqi News Agency (INA): “The gold reserves of the Central Bank of Iraq recorded a growth of (45.1%) in the fourth quarter of 2024 compared to the same quarter of the previous year, as it increased from (12.29 trillion dinars in the fourth quarter of 2023 to (17.83) trillion dinars for the same quarter in 2024 as a result of the increase in the amount of gold and gold prices.”

    The statement added that “this carries great benefits as it enhances economic and financial stability, protects against risks, and is considered an important tool for intervening in the exchange market.”

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