[size=47]The Iraqi Integrity Committee is questioning the "Central": What is the story of buying 30 tons of gold?[/size]
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Baghdad
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[size]October 17 2022
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Parliamentary questions for the Iraqi Central Bank (Getty)
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Parliamentary questions for the Iraqi Central Bank (Getty)
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Today, Monday, the Iraqi Parliament’s Integrity Committee revealed documents showing the Central Bank of Iraq’s purchase of 30 tons of gold during the last period, addressing a letter to the bank to answer several questions about the value of the deal, its reason, and the party from which the gold was purchased, at a time when a popular case [You must be registered and logged in to see this link.] in tax revenues in the Rafidain Governmental Bank in Baghdad.
And the Iraqi Parliament’s Integrity Committee revealed documents showing that the deputy chair of the committee, Alia Nassif, directed a question to the Governor of the Central Bank, Mustafa Ghaleb, about the bank’s purchase of 30 tons of gold.
According to the documents published by local Iraqi media, Nassif said: "We received information that the bank bought more than 30 tons of gold, which is the largest purchase [You must be registered and logged in to see this link.] for the central bank. Please answer the following questions."
And she added, "What is the source of the sale, a government bank? A private mine? King? Was the gold examined in internationally recognized refineries? Who is the authority responsible for purchasing? What is the purchase price? Is there a discount on [You must be registered and logged in to see this link.] in force, now the discount is 6%?" .
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[size=12]Arab economy
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The Integrity Committee also demanded to "know whether the gold was transferred to the Central Bank or remained in the custody of the seller," and concluded by saying: "We have great concerns in light of the chaos that is happening in Iraq."
In response to a clarification by the Integrity Committee of the Iraqi Parliament, the Governor of the Central Bank replied, in a statement, that the source of selling gold is the international stock exchanges, and that all gold purchased from international markets are within the specifications (London Good Delivery), and with the highest levels of purity available in the market 999.9 Regarding the entity in charge of purchasing, the governor replied that it is "the French Central Bank and JP Morgan Bank."
As the Governor of the Central Bank of Iraq, Mustafa Ghaleb, explained by saying that “the process of buying gold from international markets is not done in one go for such quantities, as it is divided into small quantities, and over multiple days, to ensure that the price of gold is not affected. Despite this, an increase in the price occurs upon request.” purchase quantities or after.
The Governor of the Central Bank of Iraq indicated that “for this process, it included 19 batches and over a period of 13 working days, according to the best prices,” noting that “all quantities of gold purchased in safes under the name of the Central Bank of Iraq in international central banks after two or three days.” Action from the purchase process.
He stressed that Iraq advanced in its gold reserves holdings 10 ranks globally, ahead of 9 countries, including 7 foreign countries, two Arab countries, as well as the Bank for International Settlements, bringing Iraq to 30th place after it was 40th, according to what was reported by the website. "Baghdad Today" news, today, Monday.
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And the Iraqi Parliament’s Integrity Committee revealed documents showing that the deputy chair of the committee, Alia Nassif, directed a question to the Governor of the Central Bank, Mustafa Ghaleb, about the bank’s purchase of 30 tons of gold.
According to the documents published by local Iraqi media, Nassif said: "We received information that the bank bought more than 30 tons of gold, which is the largest purchase [You must be registered and logged in to see this link.] for the central bank. Please answer the following questions."
And she added, "What is the source of the sale, a government bank? A private mine? King? Was the gold examined in internationally recognized refineries? Who is the authority responsible for purchasing? What is the purchase price? Is there a discount on [You must be registered and logged in to see this link.] in force, now the discount is 6%?" .
[You must be registered and logged in to see this link.]
[You must be registered and logged in to see this image.]
[You must be registered and logged in to see this link.]
[size=12]Arab economy
[/size]
[You must be registered and logged in to see this link.]
The Integrity Committee also demanded to "know whether the gold was transferred to the Central Bank or remained in the custody of the seller," and concluded by saying: "We have great concerns in light of the chaos that is happening in Iraq."
In response to a clarification by the Integrity Committee of the Iraqi Parliament, the Governor of the Central Bank replied, in a statement, that the source of selling gold is the international stock exchanges, and that all gold purchased from international markets are within the specifications (London Good Delivery), and with the highest levels of purity available in the market 999.9 Regarding the entity in charge of purchasing, the governor replied that it is "the French Central Bank and JP Morgan Bank."
As the Governor of the Central Bank of Iraq, Mustafa Ghaleb, explained by saying that “the process of buying gold from international markets is not done in one go for such quantities, as it is divided into small quantities, and over multiple days, to ensure that the price of gold is not affected. Despite this, an increase in the price occurs upon request.” purchase quantities or after.
The Governor of the Central Bank of Iraq indicated that “for this process, it included 19 batches and over a period of 13 working days, according to the best prices,” noting that “all quantities of gold purchased in safes under the name of the Central Bank of Iraq in international central banks after two or three days.” Action from the purchase process.
He stressed that Iraq advanced in its gold reserves holdings 10 ranks globally, ahead of 9 countries, including 7 foreign countries, two Arab countries, as well as the Bank for International Settlements, bringing Iraq to 30th place after it was 40th, according to what was reported by the website. "Baghdad Today" news, today, Monday.
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