Economist: strengthen Iraq's reserves of gold is a good step to support the national currency

Date: 12/26/2012 11:39:18 Wednesday



Baghdad (news) .. Economic expert considered Jalil al-Rubaie, central bank action to boost its gold reserves in addition to the dollar, "a positive step" toward supporting the value of the national currency.
Rubaie said (of the Agency news): The most modern countries in the world began has custody of the dollar that the price oscillating as a result of the global economic crisis, Valtjot to store gold because it is a safe haven for national currencies to keep them from getting lost.

He added: central bank to hold towards strengthening its gold reserves and reduce dependence on the dollar is a positive step and will support the national economy and the Iraqi dinar.

The reports issued by international organizations indicated that Iraq sought refuge about storing gold to enhance its gold reserves and reduce the monetary reserves of the dollar in order to preserve its assets and the stability of the exchange rate of the Iraqi dinar. / End / 8. N. P /


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