$ 1.24 b profits via CB investments of reserves

Monday, 9 July 2012 00:00 - - {{hitsCtrl.values.hits}}

The Central Bank has made $ 1.24 billion profit via investments of foreign reserves during the past six years, which it said was substantially higher than the figure achieved in the previous 10 years.

In 2011, the profit was $ 430 million and in 2010 it amounted to $ 341 million.

These figures were released following press reports to the effect that Central Bank had made a loss by investing in Greek bonds.