Iraq responded to the World Council: our reserves of gold exceed Al91 tons

Author: HH, MJ
Editor: AT, HH
01/17/2016 10:25



Long-Presse / Baghdad

The Central Bank of Iraq, said on Saturday that its reserves of gold have not fallen since 2012, and as pointed out that the reserve currently stands at more than 91 tons, pointed out that the majority of gold reserves deposited in international banks, after a report of the World Council of gold which confirmed that the reserves Iraq of gold amounting to only 89.8 tons.

The general director of issuance and cabinets in the Iraqi Central Bank Ihsan Shomran in an interview to the (long-Presse), said that "Iraq's reserves of gold and more than 90 tons," stressing that "the gold reserves of the bank did not fall was not drag it or dispose of it."

He Shomran, that "a small percentage of the stockpile at the central bank coffers, and the bulk stored in global banks," adding that "Iraq reserves was in 2004 of 4 tons and managed the Central Bank in the period between 2011 and 2012 the purchase of 87 tonnes of lift of gold reserves to 91 tonnes. "

The World Gold Council revealed, on Saturday, (2016,1,16), that Iraq reserves of 89.8 tons of gold, and as he emphasized that it represents 4.6% of its reserves of foreign currency, pointed out that Iraq is ranked 37th among the 100 countries that It has reserves of gold.

The Central Bank of Iraq, on Thursday (April 3, 2014), the arrival of gold reserves to 90 tons to support the value of the Iraqi dinar, noting that it contributes to the strengthening of the national economy.

The Central Bank of Iraq announced, during the month of March 2014, to buy 36 tons of pure gold to raise its capacity backup, he returned it aims to achieve "the highest safety of the financial" for Iraq in the world.

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