CBI invests part of its foreign cash reserves

CBI invests part of it foreign cash reserves

December 14, 2009 - 12:59:51

BAGHDAD / Aswat al-Iraq: The Central Bank of Iraq (CBI) on Monday said it had signed an agreement with its Dutch counterpart to invest part of its foreign cash reserves in safe portfolios, according to a bank statement.

“The bank governor, Sanan al-Shabiby, has signed an investment agreement with the Dutch Central Bank,” read the statement that was received by Aswat al-Iraq news agency.
The CBI had signed similar agreements with international banks and institutions, the statement noted.

SS (P)

Central bank with his Dutch counterpart signed an agreement to invest part of the foreign exchange reserves

2009-12-14 14:34:40 2009-12-14 14:34:40

BAGHDAD (Iba) .. the Iraqi Central Bank signed with his Dutch counterpart agreement to invest part of the foreign exchange reserves.

A source at the bank told the press Amstqlp (Iba) on Monday said the agreement aims to invest in foreign exchange in a secure environment with foreign assets with a high degree of safety and liquidity, while achieving significant financial benefits commensurate with the size of the investment.


He added that the Bank of Iraq has already signed a similar agreement with several international banks and global financial institutions for the same goals.


The source said the central bank's strategy on the management of cash reserves prioritized is to maintain security precautions and reduce the economic Almkhataralnajmp the vibrations that occur outside the country to ensure a reasonable return commensurate


The volume of reserves for its development.


The source said the Bank's provision of liquidity necessary foreign exchange to make payments on the Bank's international policy and the empowerment of the dinar exchange of stability. (End) / 20 /

Central Bank of Iraq signed an investment agreement with the Dutch bank

Conscious / Baghdad / m a
14/12/2009

Occurred Iraqi Central Bank Governor on the agreement to invest part of
the bank reserves of foreign currencies with the Dutch bank on the
tenth of this month in Amsterdam.

According to a press statement issued by the Central Bank of Iraq has
received (and the Iraqi news agency media / conscious) a copy of this
agreement .
Provides a safe investment for the bankrupt bank's investment portfolio
has assets with a foreign government a high degree of safety and
liquidity, with achieving high returns on investments commensurate with
the size of those investments.

The statement added that "As the Central Bank of Iraq had signed
similar agreements with several central banks and international
financial institutions," ...

Noting that "the Iraqi Central Bank's strategy for managing its foreign
exchange reserves have priorities is to maintain security on that
precautions and safety and reduce the risks seismic economic occurring
outside the country while ensuring reasonable returns commensurate with
the size of those needs in order to develop and seeks CBI and within
the guidelines for monetary policy, taking into account and permanently
provide the necessary liquidity ...

Foreign exchange payments for the performance of Iraq's international
policy and the empowerment of the Iraqi dinar exchange rate to achieve
stability in the standard of living and development efforts and
economic well-being

Like DiamondBacks post below.....think he's on to something.

Originally Posted by diamondback View Post
Dutch central bank as nineth-largest
gold owner in the world.

Me thinks Iraq is buying up gold with dollar reserves now to back the Dinar.

Remember this article.

https://dinaroutcast.forumotion.com/imf-f15/today-s-episode-mystery-of-the-iraqi-gold-purchase-t2952.htm

windreader1 wrote:Remember this article.

https://dinaroutcast.forumotion.com/imf-f15/today-s-episode-mystery-of-the-iraqi-gold-purchase-t2952.htm

NICE......great catch Wind......again.