CENTRAL BANK DECIDES “SEC GOLD BULLION” TO SELL INVESTORS AND SEGMENTS OF SOCIETY
Decided the Iraqi Central Bank, said Thursday, “coined a variety of gold bullion” to sell to dealers in gold, investors and segments of Iraqi society, as he emphasized that “this action represents Tools monetary policy of the Bank.”said a statement of the Central Bank of Iraq has received the Agency for News News (et) copy him, he was “for the purpose of diversification means savings to the public and to provide large quantities of gold from Mnashye sober sold to dealers in gold, investors and society Bdinaralaraca decided the bank’s board in consultation with the Committee on Economic Affairs seeks a variety of gold bullion ranging weights between (5 g and 1000 g).”
the statement added that the “Bank commenced proceedings contracting gold bullion to be imported and then sold through the banking system,” noting that “this action represents a monetary policy tools of the central bank.”
and the view of economists that the entry of the World Gold to Iraq is a positive case in order to activate the market handle gold in Iraq, especially since the gold market of Iraq was not affected by the entry of gold the United Arab Emirates and Turkey.
was the Iraqi Central Bank revealed in (September 22, 2013) announced the arrival of its reserves of foreign currency and gold to about 80 billion dollars, while attributed to an increase in global oil prices, expected increase the reserve in the coming months.