Official CBI News 03/13/2023

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Prices of bullion and gold coins for Monday 3/13/2023

 

  

March 13, 2023

 

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( Citizens can refer to government and private banks to purchase bars and gold coins )

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The weight	Price/dinar	photo/front
Specie 22 g	1,925,000
5 g ingot	412,000
10 g ingot	815,000
15 g ingot	1,225,000
20 g ingot	1,642,500

 

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The Iraqi Central Bank raises the prices of gold coins and reduces bullion for the current week

 

2023-03-13 06:13

 

Shafaq News/ The Central Bank of Iraq raised the prices of gold coins, while reducing the prices of bullion this week for those wishing to buy from citizens.

 

 

And a table issued by the bank and seen by Shafaq News agency showed that the price of the 22-gram gold coin increased by 31 thousand Iraqi dinars compared to last week, to reach 1.893 million dinars, while the price of a 5-gram ingot decreased by 7 thousand dinars to become 405 thousand dinars, and the price The 10-gram ingot decreased by 14 thousand dinars, to become 786,250 thousand dinars, while the price of the 15-gram ingot was reduced by 21 thousand dinars, to become 1.182 million dinars.

 

According to the table, the price of alloy 20 decreased by 27,500 thousand dinars, to become 1,585,500 million dinars.

 

Below is a table of gold coins and bars prices for the current week:

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Inspection teams to ensure the safety of imported gold

Economical  2023/03/12

 

 

 Baghdad: morning

 

The Ministry of Planning revealed the presence of inspection teams to ensure the safety of gold, while specifying the legal measures taken when detecting any fraud or manipulation.

The ministry's spokesman, Abdul Zahra Al-Hindawi, told the Iraqi News Agency (INA): "The Central Agency for Standardization and Quality Control is working to ensure the safety of gold traded in Iraq, through a number of important measures."

Al-Hindawi added, "These procedures are represented in obligating goldsmiths and gold importers to examine their jewelry at the Central Agency for Standardization and Quality Control to ensure their safety, and then mark them with a special tag, in addition to the presence of special teams from the device located at the border crossings (Baghdad Airport and Najaf Airport) that undertake the process Examination of imported gold.

And he continued, “Among the procedures also, the teams of the Central Agency for Standardization and Quality Control continuously inspect goldsmiths’ shops in all governorates, and take random samples for examination, to ensure the safety of the gold they deal with.”

He pointed out that "the Central Agency for Standardization and Quality Control is responsible for granting a license to practice the goldsmithing profession," stressing that "if any fraud or manipulation is detected, the jeweler is referred to the courts, and the license to practice the profession is withdrawn."

He pointed out that "during the year 2022, (1785) scales for goldsmithing were calibrated throughout Iraq, (632) licenses were granted to practice the goldsmithing profession, (7658) goldsmiths' shops were detected and inspected, and (48) violating jewelers were seized, all of whom were referred to the judiciary." .

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Economist: Iraq imports 60 tons of gold annually, worth $3 billion

1 day ago

 

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Follow-ups /.. 

Today, Sunday, economist Nabil Al-Ali revealed the volume and value of gold imported annually to Iraq, while noting that gold entering through the region is not subject to the conditions of the Federal Quality Control Authority.

Al-Ali said, during his hosting of the Eighth program with Ahmed Al-Tayeb and his follow-up, “ Jarida ”, that “60 tons of gold enter the country annually, at a value of 3 billion dollars,” noting that “the two most important sources of gold in Iraq are the Turkish and Emirati markets.”

He added, "The difficulty of the procedures in the federal outlets made merchants deal with the outlets of the region," noting that "gold entering through the region is not subject to the conditions of the federal quality control apparatus."

Al-Ali pointed out that "the federal government's controls apply to 10 percent of gold import operations," stressing that "re-export operations of gold from Iraq have been indicated in an abnormal way."