CBI dollar and gold reserves disclosed by Governor

0
23
CBI dollar and gold reserves disclosed by Governor

The Central Bank of Iraq (CBI)’s gold and US dollar reserves were made public by Ali Al-Alaq, the bank’s governor.

CNBC Arabia was informed by Al-Alaq that the CBI has foreign reserves of more than $100 billion and that the bank has a gold reserve of more than 130 tons, the majority of which is in England.

Al-Alaq noted that “the volume of trade with the UAE reaches $17 billion and is settled in Emirati dirhams” in relation to Iraqi foreign trade.

He mentioned that commercial transactions in Emirati dirhams are handled by the Abu Dhabi First Bank.