Analyst: lower price of gold on world markets impact the Central Bank of Iraq
Economic Analyst: lower the price of gold on world markets impact on the price of locally
27-04-2013 10:50 AM
Baghdad (news) .. Warned economic analyst gentle Abdul Salem Okkaily, from the impact of lower gold price in global markets on the size of the capital of the Central Bank of Iraq, the fact that he has large reserves of gold. Ugaili said (of the Agency news): The decline in the price of gold on world markets after largely on price in the domestic market, which led to decline also, the fact that gold Local mostly imported. explained: that the new policy followed by the Central Bank of diversified basket of currencies or the so-called ‘investment portfolio’ through the purchase of gold and keep it paid the U.S. dollar, stressing that low price Gold may affect the global bank reserves of hard currency and gold. price of gold has seen a severe decline in global markets as a result of changes in the economic and financial crises taking place in some areas in the world. / End / 8.’s. m /
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