Gold price volatility does not affect reserves at the Central Bank of Iraq

A member of the Finance Committee: gold price volatility does not affect reserves at the Central Bank of Iraq

28-09-2013 11:33 AM

Gold price volatility does not affect reserves at the Central Bank of IraqBaghdad (news) .. According to a member of the Finance Committee National Alliance MP Amin Hadi, the fluctuation of gold prices globally do not affect the reserves, the central bank it. said Hadi (of the Agency news): The more transactions Iraq, the dollar and gold is just a reserve frozen, indicating that the low and high prices does not affect Central Reserve. said: that in the event of a recession in the money and the direction of sight about buying gold instead of investment and the development of the economy, will adversely affect the global economy. stressed specialists no fears of the impact of lower gold price in global markets on the reserve’s central bank, the fact that Gold is a long-term investment and the current decline is that I am not in the long run. / End

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