Iraqi Central Bank may buy more gold in the coming months
Iraqi Central Bank may buy more gold in the coming months
Posted, April 9th, 2014 23:40
BAGHDAD / translation Baghdadi News / .. He said Iraqi Minister of Finance Agency today, on Tuesday, on the sidelines of a meeting of Arab finance ministers in Tunisia, said that “the Iraqi Central Bank may buy more gold in the coming months based on the needs of the investment.” Mazkrth according to Reuters news agency.
The CBI had said in a statement that it had bought 36 tonnes of gold last month in an effort to stabilize the exchange rate of the Iraqi dinar against other currencies.
This was the first purchases in addition to Iraq’s reserves of gold since it has increased its holdings by 23.9 tons in August 2012, according to data from the International Monetary Fund and the value of the deal the time of purchase of $ 1.5 billion.
According to the World Gold Council that Iraq already has 29.8 tons of gold and thereby increase its holdings total new purchases of the yellow metal to 65.8 tons, is ranked forty-third among the largest holders of gold in the world in the formal sector after Denmark and before Pakistan directly. Finished / 21 GS
albaghdadianews.com
