Saleh: The Power of gold reserves in Iraq positively reflected on the Iraqi currency strength
Saleh: The Power of gold reserves in Iraq positively reflected on the Iraqi currency strength
13.01.2015 12:50
Brother – Baghdad
Economic Adviser to the Prime Minister revealed the appearance of Mohammed Saleh, said that the CBI recently bought 36 tons of pure gold bullion.
Saleh said in a statement seen by the Agency for News Agency (et) that “the strength of the gold reserves in the country positively reflected on the Iraqi currency strength and reduce the risk ratio in the economy calls for higher gold reserves in the bank and supporting confidence Almschtmaren foreigners in Iraqi currency and invest in the country.” , following “The decline in global oil prices will undermine the chances increase gold reserves.”
He added that “the Iraqi economy is still fragile despite the large size of the gold reserves and poor financial policy of the government caused the gap with the monetary policy of the Central Bank.”
On the other hand goes on the Kurdistan region in the footsteps of Baghdad where to go to buy tons of Kurdistan imported during last year’s 77 tons of gold, despite the financial situation there.
He said, Bakr Aziz, director of quality control of the gold that “this amount was introduced to the region from different ports across Erbil Airport 31 tons and 760 kg in income across Sulaymaniyah Airport 44 tons and 630 kg,” stressing that “there is a decline in imports of gold quantity Compared with 2013, amounting to imported in quantities of 116 tonnes this year due to the decline of import to the financial crisis and the war with Daash. ”
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