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Expert: monetary gold purse SAFE of the country and will protect Iraqi funds from loss

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Hkp1
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Expert: monetary gold purse SAFE of the country and will protect Iraqi funds from loss

Post by Hkp1 on Mon 24 Dec 2012, 11:32 am

Expert: monetary gold purse SAFE of the country and will protect Iraqi funds from loss

Posted on December 24th, 2012
By: kald


BAGHDAD (Iba) .. Chief
Economist Majid picture, that strengthen Iraq to step up gold has a
direct connection to strengthen the country's currency,
which is
considered a cash security portfolio of loss.


Suri said in a statement to Agence independent press (Iba) .. Monday,
"The oldest of Iraq to strengthen up the gold for the first time is a
positive step towards strengthening the country's cash portfolio,
stressing: that owning any without large stocks of gold are in control
of the state and security of the cash portfolio on their loss."

He
added: the coins is safe and volatility continuing what you pay all
States to take a way a safe haven for its currency from the loss,
stressing: that gold the best way to keep the money the country from
loss as a result of fluctuating currency resulting from the lack of
political and economic stability.


He
continued economic expert: that fluctuating dollar and the euro crisis
pay all States to resort to strengthen its reserves of gold to check on
their money from loss, noting: that gold is the basis for the evaluation
of all foreign currency straw including the state budget and on the
basis of advanced البل economically, and take Iraq a step promote backup
Gold is considered a positive step and will be sorted Iraq's money. (end)


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