Saturday January 16, 2016 10:31
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Alsumaria News / Baghdad
Said the World Gold Council, on Saturday that Iraq's reserves of gold represents 4.6% of its reserves of foreign currency, adding that he occupies the 37th place among these countries.
The Council stated in its website by Statistics his last for the month of January 2016 and seen by Alsumaria News that "Iraq's reserves of gold remained stable and did not change, reaching 89.9 tons," pointing out that "this amount represents 4.6% of its reserves of foreign currency."
The Council added that "Iraq did not buy gold since the last buy him in April 2014 in which 15.16 tons bought," noting that "Iraq was ranked 37 out of out of 100 countries, which has reserves of gold that have been included within the global central bank report of the reserve. "
The central bank decided in January 232 014 SEC variety of alloys of pure gold weights ranging between (50 g and 1000 g) to sell to customers, investors and gold segments of society wishing to do so in Iraqi dinars.
And it established an independent Iraqi Central Bank as a bank under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies being sessions daily for buying and selling currencies.
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