Macro Snapshot — Iraq’s foreign currency reserves above $80bn; Turkish central bank may take steps to cut loan rates

CAIRO: Iraq’s foreign currency reserves are now above $80 billion and are expected to hit $90 billion by the end of the year, state news agency INA cited the deputy governor of the central bank, Ammar Khalaf, as saying on Sunday.

The central bank’s gold reserves have climbed 30 tons to stand at more than 131 tons now, Khalaf said.

Turkish central bank may cut loan rates