Wednesday 4 March 2015 10:01
Alsumaria News / Baghdad
said the Iraqi Central Bank, on Wednesday, he has a tendency to increase gold reserves basket, stressing that he shall move the basket almost daily. The governor of the bank on the Keywords in an interview with Alsumaria News , "The central bank has tendencies to increase the proportion of gold in reserves Bank of hard currency basket ", adding that" procurement issue and moving under constant study. " He added Keywords that "the Bank shall move the basket almost daily to stand on currencies and interest rates and the bond market and stock prices and the value of gold."
He announced the World Gold Council , in January 2015 that Iraq was ranked 37 globally in gold and fifth Arab reserves, which amounted owned by Iraq of gold 89.5 tons. and decided the central bank in January 23, 2014 SEC variety of alloys of pure gold ranging weights between ( 50 g and 1000 g) to sell to dealers in gold, investors and segments of society wishing to do so in Iraqi dinars. and founded the CBI independent 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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