The central bank achieves additional revenues in the first quarter of 2021

by **claud39** Wed May 26, 2021 10:19 am

The central bank achieves additional revenues in the first quarter of 2021

05/26/2021

The central bank achieves additional revenues in the first quarter of 2021 27626

Economy News _ Baghdad

The Central Bank of Iraq announced, on Wednesday, that it will achieve additional returns on its investments during the first quarter of 2021, compared to the fourth quarter of last year.

The bank said in a statement that Al-Iqtisad News received a copy of, that “this came as a result of adopting the principle of self-management of investments as part of its efforts to adopt international best practices in managing investments that allow greater flexibility and control benefiting from the electronic trading platforms owned by this bank, and training technical cadres Specialized to work on it. "

He stressed that "working according to the above mechanisms and practices 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 the investments of this bank, for the first semester of 2021."

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