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World Gold Council: Iraq's reserves of gold represents 4.6% of its reserves


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Saturday January 16, 2016 10:31
 
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Alsumaria News / Baghdad 

Said the World Gold Council, on Saturday that Iraq's reserves of gold represents 4.6% of its reserves of foreign currency, adding that he occupies the 37th place among these countries. 

The Council stated in its website by Statistics his last for the month of January 2016 and seen by Alsumaria News that "Iraq's reserves of gold remained stable and did not change, reaching 89.9 tons," pointing out that "this amount represents 4.6% of its reserves of foreign currency."

 

 

The Council added that "Iraq did not buy gold since the last buy him in April 2014 in which 15.16 tons bought," noting that "Iraq was ranked 37 out of out of 100 countries, which has reserves of gold that have been included within the global central bank report of the reserve. " 

The central bank decided in January 232 014 SEC variety of alloys of pure gold weights ranging between (50 g and 1000 g) to sell to customers, investors and gold segments of society wishing to do so in Iraqi dinars. 

And it established an independent Iraqi Central Bank as a bank under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies being sessions daily for buying and selling currencies.

 

 

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01/16/2016 13:52

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BAGHDAD / Obelisk: He went to the World Council, on Saturday that Iraq's reserves of gold represents 4.6% of its reserves of foreign currency, adding that he occupies the 37th place among these countries.

The Council stated in its website by Statistics his last for the month of January 2016 and seen by 'Obelisk', that 'Iraq's reserves of gold remained stable and did not change, reaching 89.9 tons', noting that 'this amount represents 4.6% of its reserves of foreign currency' .

It added that 'Iraq did not buy gold since the last buy him in April 2014 in which 15.16 tonnes bought', noting that 'Iraq was ranked 37 out of out of 100 countries, which has reserves of gold that have been included within the global central bank report to reserve '.

The central bank decided in January 232 014 SEC variety of alloys of pure gold weights ranging between 50 grams and 1,000 grams of gold sold to customers, investors and segments of society wishing to do so in Iraqi dinars.

And it established an independent Iraqi Central Bank as a bank under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies being sessions daily for buying and selling currencies.

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Gold ingot weighing a kg

 

Author: HAA, HH 
Editor: HH, NS 2016/01/16 13:39 Number of Views: 485 

 

 

Long-Presse / Baghdad

World Gold Council revealed on Saturday that Iraq's reserves of gold of 89.8 tons, to go back on 2014, during which amounted to about 90 tons, and as he emphasized that it represents 4.6% of its reserves of foreign currency, pointed out that Iraq is ranked 37th among 100 the state, which has reserves of gold.

World Gold Council said in a statistics published for the month of January 2016, and seen by, the (long-Presse), said that "Iraq's reserves of gold remained stable and did not change, reaching 89.8 tons," noting that "this amount represents 4.6% of its reserves of foreign currency." .

He said the Council, that "Iraq did not buy gold since the last buy him in April 2014 that bought the then 15.16 tons," he said, adding, that "Iraq is ranked 37 among 100 countries, which has reserves of gold by global central bank report reserves" .  

The Central Bank of Iraq announced on Thursday (April 3, 2014), and access to the gold reserves of 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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