Economy News Baghdad:
The World Gold Council announced on Sunday the rise of the world's gold reserves in February, pointing out that Iraq has maintained the world's 37th position of global reserves.
"The world's reserves of gold rose for the month of February by 186 tons from the month of January to reach 33 thousand and 790 tons, while the United States still ranks first in the world of With reserves of 8.133.5 tons, followed by Germany with 3.373 tons.
The Council added that "Iraq has maintained the rank of 37 in the world in terms of these reserves out of the 100 countries listed in international financial statistics of the global reserves of gold, while Iraq also maintained the fifth place in the Arab world, after it came after Saudi Arabia, Lebanon, Algeria and Libya.
The Council noted that "Iraq's gold reserves remained stable, recording 89.8 tons, representing 7.9% of the rest of the other currencies," noting that "the last purchase of Iraq from gold was in April 2014, where he bought 15.16 tons."
On January 23, 2014, the Central Bank decided to set up a series of pure gold bullion ranging from 50 grams to 1000 grams to be sold to gold dealers, investors and segments of the society wishing to do so in Iraqi dinar.
SOURCE
The World Gold Council announced on Sunday the rise of the world's gold reserves in February, pointing out that Iraq has maintained the world's 37th position of global reserves.
"The world's reserves of gold rose for the month of February by 186 tons from the month of January to reach 33 thousand and 790 tons, while the United States still ranks first in the world of With reserves of 8.133.5 tons, followed by Germany with 3.373 tons.
The Council added that "Iraq has maintained the rank of 37 in the world in terms of these reserves out of the 100 countries listed in international financial statistics of the global reserves of gold, while Iraq also maintained the fifth place in the Arab world, after it came after Saudi Arabia, Lebanon, Algeria and Libya.
The Council noted that "Iraq's gold reserves remained stable, recording 89.8 tons, representing 7.9% of the rest of the other currencies," noting that "the last purchase of Iraq from gold was in April 2014, where he bought 15.16 tons."
On January 23, 2014, the Central Bank decided to set up a series of pure gold bullion ranging from 50 grams to 1000 grams to be sold to gold dealers, investors and segments of the society wishing to do so in Iraqi dinar.
SOURCE