CBI announces delivery of 90 tons of gold to support IQD

Posted: April 4, 2014 in Iraqi Dinar/Politics

goldRange/Baghdad
The Iraqi Central Bank, disclosed Thursday, the arrival of up to 90 tons of gold to support the value of the Iraqi dinar, stating that it contributes to the strengthening of the national economy.

The Central Bank said in a statement (term), “to buy 60 tonnes of pure gold from around the world over the past two months in order to support the national currency, dinar,” Noting that “the amount of gold reserves which currently has reached 90 tonnes.

The Central Bank, said that “on the gold reserves to support the value of the Iraqi dinar against other currencies and boost the national economy in General.”

The Central Bank of Iraq was announced last March, to purchase 36 metric tons of pure gold to raise its reserve, returned it aims to achieve “the highest levels of financial integrity” of Iraq.

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