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Parliamentary Finance: Central bank selling of gold bullion part of the investment and achieve profit
2015/9/7
[Baghdad-where]
A member of the parliamentary finance committee, said Ahmed al-Jubouri, said on Monday that the central bank to sell gold bullion is part of the investment and achieve profit.
He said al-Jubouri told all of Iraq [where] that "gold bullion is considered part of the sale of an investment, not an encroachment on state reserves to be utilized to provide liquidity," noting that "the rise of gold or coming off linked to oil prices, the landed price of oil falling gold prices and vice versa." .
He added that "the price of gold at the present time high and sell it leads to a profit and provide liquidity," explaining that "the sale of gold does not threaten the country's economy or the dollar."
Jubouri said that "the Iraqi currency needs $ 45 billion to cover the world either above this amount can be invested or otherwise dispose of it which is not an invitation to spend it, because of the duty increase the country's reserves of currency".
The central bank had said last Saturday, that the continued sale of gold bullion to the citizens will support the operations of financial liquidity.
The governor of the Central Bank on the Keywords in a press statement, said that "the Central Bank and for financial liquidity support in the Iraqi state and to encourage citizen of the Optional savings to diversify its means and put forward different options for him, began by asking different alloy weights for the acquisition by citizens, taking into account the bank to the circumstances of the citizen living conditions. end
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2015/9/7
[Baghdad-where]
A member of the parliamentary finance committee, said Ahmed al-Jubouri, said on Monday that the central bank to sell gold bullion is part of the investment and achieve profit.
He said al-Jubouri told all of Iraq [where] that "gold bullion is considered part of the sale of an investment, not an encroachment on state reserves to be utilized to provide liquidity," noting that "the rise of gold or coming off linked to oil prices, the landed price of oil falling gold prices and vice versa." .
He added that "the price of gold at the present time high and sell it leads to a profit and provide liquidity," explaining that "the sale of gold does not threaten the country's economy or the dollar."
Jubouri said that "the Iraqi currency needs $ 45 billion to cover the world either above this amount can be invested or otherwise dispose of it which is not an invitation to spend it, because of the duty increase the country's reserves of currency".
The central bank had said last Saturday, that the continued sale of gold bullion to the citizens will support the operations of financial liquidity.
The governor of the Central Bank on the Keywords in a press statement, said that "the Central Bank and for financial liquidity support in the Iraqi state and to encourage citizen of the Optional savings to diversify its means and put forward different options for him, began by asking different alloy weights for the acquisition by citizens, taking into account the bank to the circumstances of the citizen living conditions. end
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