MP: This is Iraq’s oil reserves and gold
MP: This is Iraq’s oil reserves and gold
23-08-2015 01:25 PM
Iraq today
Detection of the parliamentary finance committee decision that Iraq reserves of wealth of $ 59 billion, and 90 tons of gold, stressing that the country’s reserves decline year after year, the main reason for the drop in oil prices, which amounts to $ 40 per barrel. Said Ahmad Haji Rashid’an reserves Iraq’s fortunes decline year after year gradually, and in particular the dollar reserves, and who knows the Fed, and therefore decreased significantly compared with recent years. ‘said Rashid’ that Iraq reserves from the dollar in 2013 in the Iraqi Central Bank, amounted to $ 84 billion, and in the 2014 dropped to $ 77 billion, and in the current 2015 fell to its lowest level $ 59 billion, and the reason is linked to a decline of the dollar. “He was referred to the Attorney, that Iraq’s oil revenues amounting to $ 150 million, but the central bank pumped $ 300 million a day in markets, and this is what a negative impact on the country’s reserve of the dollar. He pointed out that it is different for gold reserves, which rose Iraq’s reserves of gold compared to previous years, in 2013, gold reserves reached 29 tons, but now has the country’s reserve of gold 90 tons , and if the price of oil continued to decline in this way and who arrived at the $ 40 per barrel, it is possible that the negative impact on Iraq’s reserves of gold and the other is experiencing decline.
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