Freedom to import the precious metal most prominent factors stabilize prices

Freedom to import the precious metal most prominent factors stabilize prices
 
 
         

9/10/2014 0:00 
Saleh: Gold in Iraq affected by rises and falls of large global 
Baghdad - Mostafa Hashemi 
represents knowledge of gold prices today in Iraq and the extent of their vulnerability to international prices of great importance for investors and citizens alike, because the precious metal is linked to the global economy closely, and in time deteriorated in which the economies of many countries in the world remained gold a safe haven for many, whether in Iraq or the rest of the Arab countries, believing them that (gold decoration and treasury.) 
and there are several factors affecting the price of gold and determined, perhaps the most notable difference dinar exchange rate to the dollar, but on the other hand (prices) keep away from the daily fluctuations occurring in global markets for several reasons. 
said economic expert, Dr. appearance of Mohammed Saleh those reasons, saying: that the stability of the price of gold in Iraq is due to several factors, the most prominent of supply and demand and the freedom to import the precious metal without restrictions. 
Saleh added in a statement (morning) that the price of gold in Iraq subject to fluctuations in the prices of daily global edits, afterthought, but are affected by rises or declines sudden large in gold prices in the global stock markets. 
explained that prices in Iraq determined by world prices plus the cost of transportation and wages for work for Mkhclat (drafting), along with teams exchange rate of the dinar against the dollar The profit margin then the supply and demand in the market. He pointed to the impact on the gold price at the exchange rate of the dinar, pointing out that some of the vendors in the world to bear two costly for the stability of the market, ranging from two dollars and a half dollar Sometimes a commissioned neglected by the market compared to rises or declines large that occur in the world price. 
stressed that the freedom to import gold and unrestricted impact of the most prominent in price stability at the local level to the supply side and the demand, stressing that in the case of increased demand for the precious metal locally, the prices may be higher than the world price as a natural consequence. 
According to the daily bulletin for the prices of gold in Iraq, the average price per gram of it was until yesterday evening The price of gold 24 carat is equivalent to $ 40, and 22 carat is equivalent to 36.99 dollars, and the 21-gauge equivalent to 35.31 dollars, while the price of 18 carat gold, equivalent to 30.27 dollars. 
central bank had earlier announced the arrival of its gold reserves to 90 tons for support value of the dinar through the implementation of measures of monetary policy and announcing his willingness to sell gold coins to the public. 
represent knowledge gold prices today's economic information of interest to couples and gold prices today in Iraq generally of interest to foreign investors and locals alike. 
, and in fact the United States link its currency (the dollar ) gold since the seventies of the last century to be the American economy is to cover the real to the dollar instead of gold what caused the desire of many people to keep it, especially in the nineties of the last century due to the speed of discharge and easy to transport compared to gold is born the idea of the majority of Iraqis, and since that time that the dollar is better than gold! .

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