CBI Announces 3X Increase of Reserves of Pure Gold

Posted by on Apr 07, 2014 | Leave a Comment

BAGHDAD / NINA / The Central Bank announced on Thursday the rise of its reserves of pure gold up to 90 tons , after it bought 60 tons during the last two months .

According to a statement by the Central Bank of Iraq today said that the bank’s reserves of pure gold reached 90 tons, after buying 60 tons during the last two months from various sides in the framework of diversification of its reserves and supporting the value of the Iraqi dinar.

The central bank said that its gold reserves have been increased to three times of what they were at the end of 2012 , which contributed in rising the rank of Iraq to become in the first third of the world rankings regarding the central bank reserves of gold.

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