Central Bank decides "SEC gold bullion" to sell investors and segments of society

Central Bank decides "SEC gold bullion" to sell investors and segments of society



Follow-up - and babysit -

Central Bank of Iraq, for the sake assortment of gold bullion to be sold to gold dealers, investors and segments of Iraqi society, stressing that the move represents a monetary policy instruments of the Bank.

According to a statement of the Central Bank of Iraq received news agency public opinion (and babysit) a copy of it, he was "for the purpose of diversification means savings to the public and to provide large quantities of gold from Mnashye

sober sold to dealers in gold, investors and society Bdinaralaraca decided the bank's board in consultation with the Committee on Economic Affairs seeks a variety of alloys gold weights ranging between (5 g and 1000 g). "

He added that "the Bank began contracting procedures for gold bullion imported and then sold through the banking system," noting that "this action represents a monetary policy tools of the central bank."

For his part, economists believe that the entry of the World Gold to Iraq is a positive case in order to activate the gold market deal in Iraq, especially as the gold market was not affected by the Iraqi gold to enter the United Arab Emirates and Turkey.

The CBI had revealed, (September 22, 2013), the arrival of the reserves of foreign currency and gold to about 80 billion dollars.


http://alrayy.com/103087.htm

Central Bank decides "SEC gold bullion" to sell investors and citizens




25.01.2014 (0:01 pm)






BAGHDAD / long-Presse

Decided to CBI, "coined a variety of gold bullion" to sell gold to dealers, investors and segments of Iraqi society, as he emphasized that "this action represents one of the tools of monetary policy to the Bank."

According to a statement to the CBI received (range Press) a copy of it, that "for the purpose of diversification means savings to the public and to provide large quantities of gold from the origins of sober sold to dealers in gold, investors and segments of society in Iraqi dinars,

decided the bank's board in consultation with the Committee on Economic Affairs seeks a variety of gold bullion weights ranging between (5 g and 1000 g). "

The statement added: "The Bank began to contract procedures for gold bullion imported and then sold through the banking system," noting that "this action represents one of the instruments of monetary policy of the central bank."

In the view of economists that the entry to the World Gold Iraq is a positive case for the revitalization of the gold market deal in Iraq, especially that the gold market was not affected by the entry of Iraqi gold Emirati and Turkish.


The CBI has revealed in (22 September 2013) on the arrival of reserves of foreign currency and gold to about 80 billion dollars, while attributed to an increase in global oil prices, is expected to increase the reserve in the coming months.

The International Monetary Fund, has announced, in (the 23 of March 2013), the financial assets preventive in the Development Fund for Iraq rose in 2012 to 18 billion dollars, and cash reserves of the central bank's hard currency to $ 70 billion, attributing the increase to " unexpected oil revenues. "

Financial experts confirmed that Iraq's stockpiles of reserve funds have covered liquidity over the past years, calling for the government to adopt alternative ways to cover the deficit, including recourse to the application of the secondary market policies that have been agreed with the government.



http://www.almadapaper.net/ar/news/4...B9%D9%87%D8%A7

Not sure that this has any direct effect on the dinar, but it is a good sign. The fact that they are thinking of selling gold means by implication that there are people with disposable income.