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BAGHDAD - Iraq Press -26 March / March: central bank announced that it bought 36 tonnes of gold this month in an effort to contribute to the stability of the exchange rate of the Iraqi dinar against other currencies.
According to data from the International Monetary Fund was the last addition to Iraq's reserves of gold bought 23.9 tons in Bank AB / August 2012.
According to the World Gold Council, Iraq has already 29.8 tons of gold and the new deal raises gold reserves to 65.8 tons, making it ranks among the 43 largest holders of gold in the world in the formal sector after Denmark and before Pakistan directly.
According to current prices in the market value of the deal up to 1.5 billion dollars.
The central banks were selling gold to buy more than they even signed the global financial crisis following the collapse of Lehman Brothers boosting the lure of gold as one of the origins of reserves and hedging tool in the face of fluctuating currency markets. Q end
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