Iraq occupies the fifth place in the Arab world reserves of gold

2016-03-16 17:35:19 | (Voice of Iraq) - Baghdad

Iraq occupied Arab ranks fifth in its gold reserves over the report , which the World Gold Council issued for the month of March of this year , 2016.

She said the international financial statistics released by the World Gold Council for the current month of March that "Iraq is ranked fifth Arab ranks after Saudi Arabia, Lebanon, Algeria and Libya , " pointing out that " the value of gold stood at 5.9% of Ahitattiyat Iraq of hard currency."

The statistics showed that "Iraq retains Baanaatyate of gold unchanged, which amounted to 89.8 tons , " pointing out that "Iraq was ranked 37 globally out of 100 countries were included in these statistics."

The statistics confirmed that " the countries of the world's gold reserves amounted to 32,813 tons, while the United States ranked first globally in terms of these reserves , which amounted to 8.133.5, followed by Germany with 3.381 tons."

The central bank bought in April 2014. The last quantities of gold , which amounted to 15.16 tonnes of gold bullion pure, indicating that the bullion purchased considered to be 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 are being daily sessions for buying and selling currencies.