Central Bank: We strive for a balanced ratio of gold with hard currency reserves
Central Bank: We strive for a balanced ratio of gold with hard currency reserves
13:38 20/10/2013
Baghdad – and babysit – Central Bank of Iraq, for his quest to find a balanced ratio of gold with hard currency reserves, considering that whenever the reserve size increases less than the contribution of other components.
The governor of the central bank and agency Abdul Basit Turki told a news briefing, on Sunday, said that “the Bank seeks to balanced ratio of gold compared to reserves of hard currency from the currency,” noting that “the high bank reserves of hard currency leads to low gold and we are working to purchase to increase to maintain a balanced ratio of gold. ”
The Turkish that “the components of the reserve for Iraq consists of transactions exist in key markets which include the dollar, the euro and lb Englishman then special drawing rights of gold,” stressing that “whenever grows up, the proportion of the contribution of other components less therefore raise other components to maintain the ratio of 3 to 5% “… p / i
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