Gold House in Basra, the first accomplishment of the economic capital

Gold House in Basra, the first accomplishment of the economic capital

 

5/21/2017 0:00

BAGHDAD / Hussein Tgb  
such as the Middle East exchange for decades and was feeding the Gulf, Turkey, Egypt, Jordan, Lebanon markets and countries in the region with the finest types of pure gold, it 's gold market in Basra , which continues to established and revived a new city plaza or bromine central under the name of Gold House, where join forces efforts public and private sectors on the rise , said the first important economic attracts international experience after the announcement of Basra , the economic capital of Iraq.
Investment expert in Basra , Fawzi al - Lami said that Basra represents a significant economic edifice on all local and global levels because of its riches influential in the international economy movement, pointing out that the metal yellow precious was centered in the Middle East , the city of Basra was called the Indian market, and today is working to revive this market and international specifications in order to achieve significant economic feasibility. Joint factories and pointed out that in the gold house is set up joint factories for gold including the Iraqi - Turkish gold factory, Indian and Iraqi, Iraqi and United Arab Emirates and Bahrain, departing from the importance of the Iraqi gold , which is characterized by purity "21 caliber", referring to the establishment of a factory for the Iraqi gold Italian and this lower specification quality where be "18 caliber". Specialized centers and indicate that most inventories of gold among peoples are concentrated in Iraq and India , where he would prefer most of the population of the two countries , the acquisition of this precious metal gold storage Lami said the aim of reviving the gold house is to activate the metal economically important industry and maintains pure and duration of novelty and the use of gold bullion gold storage manufactured in the market as a means of trading , rather than cash, which maintains its value over time , on the contrary , the criticism loses its purchasing power parity over time. On the reason for the selection or bromine Square in central Basra , he said that this place was a gold exchange in the Middle East and feeds all the countries of the region starting from the Gulf, Turkey, Iran, Egypt, Jordan, Lebanon and all the countries of the region. He revealed an agreement with the designated authorities set up a modern and specialized factory for the manufacture of gold bullion of all kinds and displayed in the market, indicating that the acquisition will be of the highest value of the country and the people, and the possession of gold reflects the wealth of the people where it was described as Basra this wealth between the countries of the region. He pointed out that this house contributes to the control of the gold market in Iraq through an agreement with the Ministry of Planning standardization and quality control as established center for the control is equipped with devices developed to keep the entry of gold according to international quality standards and is not cheated, as there is in the Gold House special center oversees on the entry and processing of gold and labeling when selling to prevent all forms of fraud and restore citizen confidence in the local gold market. After entering Iraq , the stages of successive wars , the importance of the gold market fell, prompting traders yellow metal to other countries in order to markets in the region.  Important reserves  and the challenges facing the Iraqi Gold Souk al - Lami said that this market needs to be greater by the state interest and are chosen mechanisms to achieve major economic viability of the country, especially with demand recovery continuously and the existence of a request may not be cut off, and here must be reviewed mechanisms of entry of gold, indicating the importance of entering the official channels and that there is support for those who imported gold as raise taxes and supports financially because gold is one of the state 's assets and reserves the task. Many benefits  and between the entry of gold to the country carries a lot of benefits, as well as the value of the manufacturing and selling it enters the hard currency to the country so it must be supported by the merchant supplier of this precious metal through the airports in Baghdad and Basra,  and prescribed some gold dealers Akhal gold through airports does not impose fees despite the risks that accompany the transport process clause, which raises voices to demand the adoption of mechanisms to support the process of being admitted without charge as a sovereign wealth. Lami pointed out that the work of the offices of the house of gold quality control at Basra airport to complete the introduction of gold means the official process.


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