The central bank plans to put up a large gold bullion weights to sell to citizens

Gold Bullion asked the central bank to buy

Author: AB, ASJ, BS
Editor: AB, BS
04/09/2015 12:25
Number of Views: 572

Long-Presse / Baghdad
A source at the Central Bank, on Friday, that the bank plans to launch a large gold bullion weights to sell to citizens through private banks, as he emphasized that this comes after public demand to buy bullion previously put forward by the Bank, which was smaller weights.

The source said in an interview for the (long-Presse), said that "the Iraqi Central Bank already put gold bullion with weights ranging between (5-50) and 24 g caliber for private banks in order to sell them to citizens."

The source, who asked not to be named, said: "alloys that have been put forward previously met with popular among the citizens and achieved good sales compared to the quantities offered," noting that "the bank therefore decided to put great weight alloy."

The source pointed out, that "the weights that will be put forward is (100 250 500 1000) g, and 24 caliber," pointing out that "the mechanism put these alloys will be similar to previous mechanisms of sale, where it will be sold to private banks to be able are sold to citizens according to simple mechanisms to enable any citizen of easily buy them, according to a simple margin on the price of the alloy does not exceed the 1%, which represents a cost the administrative line with the Bank's policy. "

The central bank revealed, about two months ago, in an agreement with one of the largest SEC companies bullion global Stamping gold bullion from the weights (5.10, 15.20, 25 and 50) g, caliber 24, and put up for sale through banks and through its epicenter in Baghdad For employees, while the banks called for the submission of requests to buy the quantities that you want for its own account or on behalf of the public, select the sale price on the basis of cost plus 1% as a download manager.