Iraq has backed up financially up to 59 billion dollars and 90 tonnes of gold
October 14, 2015

The parliamentary Finance Committee's decision revealed Ahmed Hama, Wednesday, on the reserve funds of the existing federal Iraqi State Treasury, amounted to about 59 billion dollars, gold reserves reached 90 tonnes.

Hama said in a press statement obtained by the news agency "economy as recent sources confirmed that reserve federal money under the Treasury informs about the 59 billion dollars distributed to banks and State banks and Government coffers of gold reserves reached 90 tonnes," Noting that "such funds cannot be manipulated operator only in rare cases of necessity".

He said the parliamentary Finance Committee's decision that "the funds from the reserve and then used to buy u.s. Treasury bonds," excluded "or those funds allocated to investment projects or as an expense at the moment".