Iraq ranked 37th globally B89.8 tons of gold reserves

Author: HAA, HH
Editor: HH, NS

2016/01/16 13:39

Long-Presse / Baghdad
World Gold Council revealed on Saturday that Iraq's reserves of gold of 89.8 tons, to go back on 2014, during which amounted to about 90 tons, and as he emphasized that it represents 4.6% of its reserves of foreign currency, pointed out that Iraq is ranked 37th among 100 the state, which has reserves of gold.

World Gold Council said in a statistics published for the month of January 2016, and seen by, the (long-Presse), said that "Iraq's reserves of gold remained stable and did not change, reaching 89.8 tons," noting that "this amount represents 4.6% of its reserves of foreign currency." .

He said the Council, that "Iraq did not buy gold since the last buy him in April 2014 that bought the then 15.16 tons," he said, adding, that "Iraq is ranked 37 among 100 countries, which has reserves of gold by global central bank report reserves" .

The Central Bank of Iraq announced on Thursday (April 3, 2014), and access to the gold reserves of 90 tons to support the value of the Iraqi dinar, noting that it contributes to the strengthening of the national economy.

The Central Bank of Iraq announced, during the month of March 2014, to buy 36 tons of pure gold to raise its capacity backup, he returned it aims to achieve "the highest safety of the financial" for Iraq in the world.