In a statement issued by the Central Bank of Iraq (CBI) on Wednesday, CBI Governor Ali al-Alaq said that the Bank has no intention to invest its reserves of gold and currencies as this is inconsistent with CBI’s rules and regulations, and objectives, reported Al Sumaria News.


The Bank had previously announced in October 2013 that the total of its foreign-exchange reserves reached $76.50 billion.


It is worth noting that CBI holds its daily sessions for foreign currency exchange with the participation of Iraqi banks on daily basis except for official holidays.