Author Topic: Report: Iraq is the fifth Arab and 37 of the world gold reserves rank  (Read 256 times)

Offline beach7

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Report: Iraq is the fifth Arab and 37 of the world gold reserves rank

Alsumaria News / Baghdad
World Gold Council, said Sunday that Iraq was ranked 37 globally and fifth gold reserves of the Arab world, while the United States ranked first globally the first Arab and Saudi Arabia.

The council said in a report seen by, "Alsumaria News", " International Monetary Fund deploy during his current 2015 that Iraq was ranked 37 globally out of 100 countries were included in the report of the gold reserves, "noting that" Iraq's gold reserves totaled 89.8 tons. "

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World Council added that "Iraq occupied Arab fifth place after Saudi Arabia, Lebanon, Algeria and Libya," he said, adding that "the value of gold stood at 4.9% of Iraq Ahitattiyat of hard currency."

The Council noted that "the United States, which has more than 8133 tons, ranked first for the gold reserves, followed by Germany in second place, while Albania ranked last of possessing one tonne and 600 kilograms."

The central bank decided in January 23, 2014 SEC variety of alloys of pure gold weights ranging between (50 g and 1000 g) to sell to dealers in gold, investors and segments of society wishing to do so in Iraqi dinars.

The central bank bought in March for the purchase of 36 tons of pure gold bullion, indicating that the bullion purchased are of very high purity and in accordance with international standards.

And established an independent Iraqi Central Bank as a bank under a law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies being sessions daily for buying and selling currencies.