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Gold enhances the economic status of the country
9/19/2016 0:00
[rtl]BAGHDAD / Hussein al - Tamimi
in Iraq was ranked 37 on the world 's reserves of gold in accordance with the order of the World Gold Council, an economist stressed that this category is positive and reflects the good image of the money and the Global Monetary institutions.
Consultant Baghdad Economic Forum Samir Nasiri said in an interview for the "morning": the proportion of gold to $ 50 billion dinars is a good reserve a rise whenever cash reserves dropped either outcome , where he arrived analysis are that Iraq 's reserves of foreign exchange and gold is good to cover the local currency. credit rating , adding that the situation in Iraq at this location enhances its credit rating it which will make theinternational Monetary Fund take that positive outlook to deal with Iraq economically and I expect that cash reserves would rise in light of expectations of rising prices for thethree months ahead and that the reserves enough to cover imports up to 6 months. inturn, the specialist in economic affairs Ahmed al - Sumaidaie: that Iraq is a rich and capable country to overcome All economic challenges, and gold reserves , but part of thesources of economic power held by Iraq. He pointed out that the reform of production and service sectors in Iraq and capital preservation cycle locally will boost gold reserves , which is a source of strength of the relationship of Iraq and the global financial institutions. the Iraq ranked 37 among states acquiree gold steady reserve in accordance with the assurances of the World Council of gold, and that Iraq 's reserves of gold andfixed represents 7.1 percent of its reserves of foreign currency, noting that Iraq is still ranked 37 among the countries that have reserves of gold. stationary reserves and cited the Council in its website statistics official revealed that "Iraq 's reserves of gold remained stable and did not change, reaching 89.9 tons , " pointing out that "this amount represents 7.1 percent of its reserves of foreign currency, after it had been representing 4.6 percent during the month of January." He said the council that "Iraq I did not buy gold since last buy him in April 2014 in which 15.16 tonnes bought , "noting that" Iraq was ranked 37 out of 100 countries possess reserves of gold have been included within the global central bank reserve report. " it means the World gold Council: Organization for the development of the market for the manufacture of gold and work within theinvestment, jewelery and technology sectors, as well as engaging in government affairs, aimed at providing leadership in the industry and stimulate and support the demand for gold, based Kingdom United.[/rtl]
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