The balance between gold and currency reserves at the central bank will support the economy

Finance parliamentary: the balance between gold and currency reserves at the central bank will support the economy

15:18 20/10/2013

Iraqi dinarBaghdad – and babysit – A member of the Finance Committee deputy secretary-Hadi, that the central bank’s efforts to find a balanced ratio of gold with currency reserves, depends on its monetary policy.
Hadi said in a press statement, said on Sunday that “in the case of gold rise and descent is linked to global prices, indicating the central bank to buy large quantities of gold to offset the rising up of the currency depends on the policy and directed the Central Bank.”

He added that “this step to protect the Iraqi inventories from damage and keeps the tally of gold and hard currency,” adding, that the increase in central bank reserves will strengthen the economy and strengthens the balance of inventories … p / i

alrayy.com