CBI announces public sale of gold coins and other foreign currencies to soon
Published on Wednesday, August 15 / August 2012
BAGHDAD / With: Central Bank of Iraq intention to sell gold coins and things of high value close to the public in addition to selling the dollar at auction.
Deputy Governor of Bank of the appearance of Mohammed in a press statement on Wednesday: “The Bank is studying the economic feasibility for the sale of gold coins and monetary and other foreign currencies as well as treasury transfers to the public soon. “
And: “The move was the case earlier in the eighties of the last century, but the circumstances of the siege in the nineties has made people focus on buying the dollar to ease discharged on the market.”
He added: ” The treasury transfers are not grappling with the public for limited circulation is currently on the banks and private banks, “explaining that the treasury transfers short-term expires at the end of the year which comes to finance the deficit of my time while the bonds, the central bank to be long term and will last for years.
He said the Bank bonds and treasury transfers are sold in a weekly auction held by the Central Bank for this purpose.