IMF: Iraq strengthens its gold reserves for the first time in years
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IMF: Iraq strengthens its gold reserves for the first time in years
Admin Fri Dec 21, 2012 7:37 am
And the independent press - 21/12/2012 - 12:18 pm
Iraq (Iba) Follow-up / - Iraq has taken the first big step in the years
to strengthen its reserves of gold in the past few months to join other
central banks of emerging market economies such as Brazil and Russia to
diversify its foreign reserves. According to "the Reuters news agency."
The central bank purchases one of the main reasons behind the rise in
gold prices since 2010, a year which saw central banks turned to buyers
exclusive of the precious metal ahead for the first time in twenty years
with growing doubts about the stability of the dollar's status as the
largest reserves in the world.
The monthly report showed the statistics of the International Monetary
Fund on Thursday that during the three months between August and October
this year doubled Iraq balances of gold to four-fold to $ 31.07 tonnes.
In the first change in the reserves for years Iraq has bought about 23.9 tons in August, bringing the total to 29.7 tons. This was followed by an increase of 2.3 tons in September, bringing the total to 32.09 tons and then declined amounts Almstrat. (End) ..
http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sl=ar&tl=en&u=http://www.alrafedain.net/index.php?show=news&action=article&id=92107&usg=ALkJrhi9uruwGS3a7OoPHaQxtp8RyiAivA
Iraq (Iba) Follow-up / - Iraq has taken the first big step in the years
to strengthen its reserves of gold in the past few months to join other
central banks of emerging market economies such as Brazil and Russia to
diversify its foreign reserves. According to "the Reuters news agency."
The central bank purchases one of the main reasons behind the rise in
gold prices since 2010, a year which saw central banks turned to buyers
exclusive of the precious metal ahead for the first time in twenty years
with growing doubts about the stability of the dollar's status as the
largest reserves in the world.
The monthly report showed the statistics of the International Monetary
Fund on Thursday that during the three months between August and October
this year doubled Iraq balances of gold to four-fold to $ 31.07 tonnes.
In the first change in the reserves for years Iraq has bought about 23.9 tons in August, bringing the total to 29.7 tons. This was followed by an increase of 2.3 tons in September, bringing the total to 32.09 tons and then declined amounts Almstrat. (End) ..
http://translate.googleusercontent.com/translate_c?depth=1&hl=en&rurl=translate.google.com&sl=ar&tl=en&u=http://www.alrafedain.net/index.php?show=news&action=article&id=92107&usg=ALkJrhi9uruwGS3a7OoPHaQxtp8RyiAivA
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