Economist: strengthen Iraq’s reserves of gold is a good step to support the national currency

Economist: strengthen Iraq’s reserves of gold is a good step to support the national currency

Date: 12/26/2012 11:39:18 Wednesday

Baghdad (news) .. Expert considered economic Jalil al-Rubaie, making the central bank to strengthen the reserves of gold in addition to the dollar, “a positive step” toward supporting the value of the national currency.
Rubaie said (of the Agency news): Most countries in the world started custody of the dollar because its price wobbling a result of the crises of the global economic , Valtjot to store gold because it is a safe haven for national currencies to keep them from getting lost. added: that a central bank to strengthen its reserve of gold and to reduce reliance on the dollar is a positive step and will support the national economy and the Iraqi dinar. mentioned that reports issued by international organizations indicated that Iraq resorted to store gold to enhance its gold reserves and reduce the monetary reserves of the dollar in order to preserve its assets and the stability of the exchange rate of the Iraqi dinar. / end / 8. n. p /

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