Central Bank: We have a tendency to increase gold reserves in the basket

Wednesday 4 March 2015 10:01



Alsumaria News / Baghdad
Central Bank of Iraq, said Wednesday that he has a tendency to increase gold reserves in the basket, stressing that he shall move the basket almost daily.

The governor of the bank on the Keywords in an interview with Alsumaria News , "The central bank has tendencies to increase the proportion of gold in the bank reserves of hard currency basket", adding that "the issue of moving the purchase is subject to an ongoing study."

He added that the relationship "the Bank shall move the basket almost daily to stand on currencies and interest rates and the bond market and stock prices and the value of gold."

He announced the World Gold Council , in January 2015 that Iraq was ranked 37 globally and fifth Arab gold reserves, which is owned by Iraq totaled 89.5 tons of gold.

The central bank decided in January 23, 2014 SEC variety of alloys of pure gold weights ranging between (50 g and 1000 g) to sell to dealers in gold, investors and segments of society wishing to do so in Iraqi dinars.

And established an independent Iraqi Central Bank as a bank under a law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies being sessions daily for buying and selling currencies.


http://www.alsumaria.tv/news/126711/البنك-المركزي-لدينا-ميول-لزيادة-الذهب-في/ar

03/04/2015 10:34
Central Bank: increase gold reserves to support



Central Bank of Iraq, declares, he has a tendency to increase gold reserves in the basket, stressing that he shall move the basket almost daily.

The governor of the bank on the Keywords, in a statement seen by the "Obelisk", on Wednesday, said that "the Central Bank has tendencies to increase the proportion of gold in the bank reserves of hard currency basket", adding that "the issue of moving the purchase is subject to an ongoing study."

He added that the relationship "the Bank shall move the basket almost daily to stand on currencies and interest rates and the bond market and stock prices and the value of gold."

He announced the World Gold Council, in January 2015 that Iraq was ranked 37 globally and fifth Arab gold reserves, which is owned by Iraq totaled 89.5 tons of gold.

The central bank decided in January 23, 2014 SEC variety of alloys of pure gold weights ranging between (50 g and 1000 g) to sell to dealers in gold, investors and segments of society wishing to do so in Iraqi dinars.

Announced the Governor of the Central Bank of Iraq on the Keywords, on Tuesday, for the development of new mechanisms for the auction currency, noting that a lot of hard currency being smuggled out of the country as well as the processes used in corruption.


http://almasalah.com/ar/news/48675/البنك-المركزي-زيادة-الذهب-لدعم-الاح