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CBI decides coined gold bullion
Source:
BAGHDAD - Iraq Ahmad
Date: January 25, 2014
Decided to CBI, "coined a variety of gold bullion" to sell gold to dealers, investors and segments of Iraqi society, pointing out that "this action represents a monetary policy tools of the bank."
The statement said the central bank was "for the purpose of diversification means savings to the public and to provide large quantities of gold from the origins of sober sold to dealers in gold, investors and segments of society in Iraqi dinars, decided the bank's board, in consultation with the Committee on Economic Affairs, SEC assortment of gold bullion ranging weights between (5 g and 1000 g ). "
The statement added that "the Bank began contracting procedures for gold bullion imported and then sold through the banking system," noting that "this action represents one of the instruments of monetary policy of the central bank." In the view of economists that the entry to the World Gold Iraq is a positive case for the revitalization of the gold market deal in Iraq.
The CBI, revealed in (September 22, 2013) announced the arrival of its reserves of foreign currency and gold to about 80 billion dollars, while attributed to an increase in global oil prices, is expected to increase the reserve in the coming months.
Financial experts confirmed that Iraq's stockpiles of reserve funds have covered liquidity over the past years, calling for the government to adopt alternative ways to cover the deficit, including recourse to the application of the secondary market policies that have been agreed with the government. sugr ended
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Source:
BAGHDAD - Iraq Ahmad
Date: January 25, 2014
Decided to CBI, "coined a variety of gold bullion" to sell gold to dealers, investors and segments of Iraqi society, pointing out that "this action represents a monetary policy tools of the bank."
The statement said the central bank was "for the purpose of diversification means savings to the public and to provide large quantities of gold from the origins of sober sold to dealers in gold, investors and segments of society in Iraqi dinars, decided the bank's board, in consultation with the Committee on Economic Affairs, SEC assortment of gold bullion ranging weights between (5 g and 1000 g ). "
The statement added that "the Bank began contracting procedures for gold bullion imported and then sold through the banking system," noting that "this action represents one of the instruments of monetary policy of the central bank." In the view of economists that the entry to the World Gold Iraq is a positive case for the revitalization of the gold market deal in Iraq.
The CBI, revealed in (September 22, 2013) announced the arrival of its reserves of foreign currency and gold to about 80 billion dollars, while attributed to an increase in global oil prices, is expected to increase the reserve in the coming months.
Financial experts confirmed that Iraq's stockpiles of reserve funds have covered liquidity over the past years, calling for the government to adopt alternative ways to cover the deficit, including recourse to the application of the secondary market policies that have been agreed with the government. sugr ended
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