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The value of gold rise of Iraq's reserves of hard currency to 6.5%

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The value of gold rise of Iraq's reserves of hard currency to 6.5%

08/05/2016 11:35 Economy comments 175 views

World Gold Council, Sunday, revealed high gold value of Iraq's reserves of hard currency to 6.5%, indicating that Iraq was ranked 37 globally out of 100 countries were included in these statistics.

The council said in the last financial statistics in a month this April that "the value of gold rose to 6.5% of Iraq's reserves of hard currency, compared to 5.9% during the month of March," he said, adding that "Iraq retains Bahitattiyath of gold amounting to 89.8 tons.".

The council said that "Iraq is an Arab occupied the fifth largest after Saudi Arabia, Lebanon, Algeria and Libya," noting that

"Iraq was ranked 37 globally out of 100 countries were included in these statistics."

The central bank bought in April 2014. The last quantities of gold, which amounted to 15.16 tonnes of gold bullion pure, indicating that the bullion purchased considered to be of very high purity and in accordance with international standards.

The price of gold fell globally, like in crude oil prices after the global financial crisis that hit most countries in the world and occupies States ranked first globally in terms of its gold reserves, while Iraq ranked 37 globally in terms of these reserves and increased by 89.9 tons.

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