Iraq Gold Purchase Reached 48 Tons During 2014

Iraqi Dinar 123 News:РOn Thursday, the World Gold Council (WGC) announced a statement that during 2014, the Central Bank of Iraq has bought 48 tons of gold. The council said in its report which was published on their website that we are increasing our country’s reserves of gold during this year by three times.

The report also said that these reserves would be the powerful elements to modify and enrich from the continuous U.S dollar activity of fluctuation. In 2013, the central bank of Iraq announced that our mission is to find a perfect balance ratio of gold using hard currency reserves. It also added that with the minimal contribution of the other elements, the size of reserves could increase.

It is also important that in 2012, the International Monetary Fund confirmed that Iraq has increased its gold reserves and reaching up to 31 tons, an important thing is that in August 2012, Iraq has bought almost 23.9 tons of gold to enhance its reserves.

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