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The largest deal for Iraq' .. (Baghdad Today) publishes the documents of buying 30 tons of gold in international banks

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The largest deal for Iraq' .. (Baghdad Today) publishes the documents of buying 30 tons of gold in international banks

   3,102 Economy 2022/10/17 11:28
Baghdad today- Baghdad

The First Deputy Chairman of the Parliamentary Integrity Committee, Alia Nassif, asked the Central Bank Governor Mustafa Ghaleb Makhif about the bank’s purchase of 30 tons of gold.

According to the documents issued by the date of last August 29, which it obtained (Baghdad Today), Nassif said,

"We received information that the bank bought more than (30) tons of gold, which is its largest deal in buying the central bank, please answer the questions."  Nassif added in her question:

"Who is the source of the sale, a government bank, a special mine, a king, and

is the gold examined in internationally recognized refineries, and

who is the authority in charge of the purchase, and

what is the purchase price and is there a discount on the price of the stock market in force now the opponent 6%".  She also demanded, "to know

whether the transfer of gold to the central banks’ struggles or the seller remained in his reign in the shadow of what is taking place in Iraq.

https://baghdadtoday.news/template/admin/js/ckeditor/plugins/fileman/Uploads/%D8%B0%D9%87%D8%A81.jpg

On the other hand, the central governor answered, according to the documents, that

"the source of the sale of gold is the global stock exchanges, and that all the gold that was purchased from the global markets within the specifications (London Good Delivery), and the highest degrees of purity available in the market 999.9".

On the authority in charge of the purchase, the governor replied that it is the "French Central and the JP-MORGAN".

As for the purchase price, and is there a discount on the price of the stock market in place now, the opponent is 6%. Makhifi explained that

"the process of buying gold from the global markets is not done at once in such quantities, as it is divided into small quantities and on multiple days to ensure that it does not affect The price of gold, and despite this, there is an increase in the price at or after the purchase request.

The Governor of the Central of Iraq indicated that

"for this process, it included (19) payments and over (13) working days according to the best prices," noting that

"all the quantities of gold purchased in the preservation treasures under the name of the Central Bank of Iraq in the global central banks yet Two or three days of work from the purchase. "

In his answer to MP Alia Nassif's questions, the governor pointed out that

"Iraq has been submitted in the holding of reserves of gold 10 globally, ahead of (9 countries, including 7 foreign countries and 2 Arab countries, as well as the International Settlement Bank Foundation), to become Iraq 30th It was 40.


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