Strengthening gold reserves would avoid Iraq from the crisis that machete areas of the dollar and the euro
Economist: strengthening gold reserves would avoid Iraq from the crisis that machete areas of the dollar and the euro
Date: 03/04/2013 08:16:13 Monday
Baghdad (news) .. Praised the economic expert on behalf of Jamil, measures to strengthen the central bank reserves of gold in addition to the dollar, describing positive step towards supporting the value of the national currency.
Jameel said (of the Agency news): there is a global economic crisis hit areas of the dollar and the euro, which will affect the economies of Third World countries, including Iraq.
He explained: that most countries of the world started custody of the dollar as the key currency because its price oscillating as a result of the global economic crisis, Valtjot to store gold is considered a safe haven for national currencies to keep them from getting lost.
He added: that a central bank to strengthen its gold reserves and reduce dependence on the dollar is a positive step and will support the national economy and the Iraqi dinar.
The reports issued by international organizations indicated that Iraq sought refuge about storing 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 /