The Role of the Investment Portfolio in Achieving Financial Sustainability for the Central Bank of Iraq (2008-2018)
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Abstract
The research aims to shed light on the importance of the investment portfolio of the central bank by employing foreign reserves to increase returns and reduce risks, although the objectives behind the investment of reserves differ from the usual objectives of investing money, which comes in the forefront of maximizing profits, but in the case of foreign reserves, the goal of liquidity Comes in the foreground, and then the goal of achieving safety and maximizing profits in the next rank, through a set of measures that the Central Bank undertakes to ensure coordination between these goals, but it is worth noting that there is a convergence between the employment of reserves with the principles of the investment portfolio in terms of the negative trend The portfolio is intended to increase returns, reduce risks, and diversify investment, and due to economic challenges, it was necessary to pay attention to the financial situation and the challenges that accompany the use of these reserves and to search for ways to improve the return and reduce the costs of maintaining reserves and thus increase their ability to fulfill their financial obligations and achieve sustainability.
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