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Economist: sale of central bank gold reserves does not affect him
2015/9/7
[Baghdad-where]
he stressed the economic expert said the Iraqi Central Bank decision to launch gold bars for sale do not affect the reserves of gold.
Said Wadih Handal told all of Iraq [where], that "gold sales never affect the central bank reserves of gold because the quantities offered very little and do not affect the reserve."
He explained that "the purpose of the resolution is the development of citizens' savings by buying gold at the same time reducing the amount of money circulating in the market.
"said Handal, chairman of Association of private banks that" the Central Bank of Iraq has reserves of currency and gold in very large quantities, which is in a good position, in terms of foreign currency reserves up to $ 68 billion, the equivalent of weakness the amount of Iraqi currency, "he said.
The Central Bank of Iraq, announced last Saturday, Mbacherth asking alloy of gold for sale to the citizens" to support financial liquidity.
"The governor of the 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 has begun offering different alloy weights for the acquisition by the citizens.
"He added Keywords that" the sale of the citizens are across the Iraqi private banks after processing by the Central Bank in accordance with the contexts simple and mechanisms to enable any citizen buy those ingot easily, "stressing that" the central bank took into account in the sell bullion to banks and the living conditions of citizens, as it did not put non-small margin on the price of the alloy does not exceed the 1%, which represents administrative cost the line with bank policy.
"The central bank stressed through a statement issued about two months ago that the bank agreed with one of the world's largest coined bullion companies Stamping gold bullion of weights [5.10, 15.20, 25 and 50] g, caliber 24, and put up for sale through banks and through its center in Baghdad for employees .anthy
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2015/9/7
[Baghdad-where]
he stressed the economic expert said the Iraqi Central Bank decision to launch gold bars for sale do not affect the reserves of gold.
Said Wadih Handal told all of Iraq [where], that "gold sales never affect the central bank reserves of gold because the quantities offered very little and do not affect the reserve."
He explained that "the purpose of the resolution is the development of citizens' savings by buying gold at the same time reducing the amount of money circulating in the market.
"said Handal, chairman of Association of private banks that" the Central Bank of Iraq has reserves of currency and gold in very large quantities, which is in a good position, in terms of foreign currency reserves up to $ 68 billion, the equivalent of weakness the amount of Iraqi currency, "he said.
The Central Bank of Iraq, announced last Saturday, Mbacherth asking alloy of gold for sale to the citizens" to support financial liquidity.
"The governor of the 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 has begun offering different alloy weights for the acquisition by the citizens.
"He added Keywords that" the sale of the citizens are across the Iraqi private banks after processing by the Central Bank in accordance with the contexts simple and mechanisms to enable any citizen buy those ingot easily, "stressing that" the central bank took into account in the sell bullion to banks and the living conditions of citizens, as it did not put non-small margin on the price of the alloy does not exceed the 1%, which represents administrative cost the line with bank policy.
"The central bank stressed through a statement issued about two months ago that the bank agreed with one of the world's largest coined bullion companies Stamping gold bullion of weights [5.10, 15.20, 25 and 50] g, caliber 24, and put up for sale through banks and through its center in Baghdad for employees .anthy
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