Central Bank announces increase gold reserves to support

BAGHDAD / justice - 03/05/2015 -

Central Bank of Iraq, declaring,

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 press statement on Wednesday, said that "the Central Bank tendencies to increase the proportion of gold in reserves Bank of hard currency basket", adding that "the procurement issue moving and subject to constant scrutiny."

He added Keywords that "the Bank shall move this Basketball almost daily to find out the currency and interest rates and the bond market and stock prices and the value of gold ".oaaln the World Gold Council, in January 2015 that Iraq was ranked 37 globally in gold and fifth Arab reserves, which amounted owned by Iraq of gold 89.5 Tun.oorteur Central Bank in January 2014 SEC 23 variety of alloys of pure gold ranging weights between (50 g and 1000 g) to sell to dealers in gold, investors and segments of society wishing to do so Dinars Alaraca.oaaln Governor of the Central Bank of Iraq on the Keywords, on Tuesday, for the development of new mechanisms for the auction currency he said, adding that a lot of hard currency being smuggled out of the country as well as the processes used in corruption.


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