World Gold Council: Iraq bought 24.1 tons of gold over the past year

Baghdadiya News - 02/17/2013 - 12:01 pm


World Gold Council: Iraq bought 24.1 tons of gold over the past year

Translation / Baghdadiya News / .. Male corner site to the World Gold Council has revealed in its annual report that Iraq had bought 24.1 tonnes of gold during 2012 report pointed out that the world's central banks have increased their purchases of gold over the past year to the highest level 48 years ago.

The report went on to say that Iraq has benefited from high oil prices to buy this amount of gold reached global gold purchases to 236.5 billion dollars and amounted to 4405.5 tonnes. Analysts said that the main reason for the increase purchases due to the volatility of exchange rates amid fears of a currency war. Finished / 21


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