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Expectations of rising price of gold in Basra
On: Saturday 02/04/2012 7:15
Basra / follow-term economic
forecast Member of the economy and investment deputy Amer winner of the high price of gold in the whole of Iraq in the event of continuing increased demand for purchase of Basra.
said the winner of the Agency (news): The price of gold is subject to the issue of supply and demand When the increased demand it will lead to higher price, indicating that the gold traders in Basra when they see that there is an increasing demand for gold, and market optical-free presentation, will resort to other provinces to buy gold and sell it in Basra, which will increase the price gradually across the country.
He ruled out the winner and there are such cases in the present markets of Basra, saying, if any, will increase the price of gold locally as a result of increased demand.
It is noteworthy that there are reports indicated the presence of traders Iranians in Iraq accept and continuously on the markets of Basra to buy gold in large quantities, considering gold haven safe to avoid the risk of deterioration of their currency against hard currencies as a result of international sanctions imposed on Iran.
witnessing Altoman Iranian declined significantly against the dollar where it reached (320) Tomana Iranian for one dollar, while in front of the Iraqi dinar has fallen at a rate (50%), where he was Altoman Iranian equals (1000) Iraqi dinars, while now the equivalent of (500) Iraqi Dinars.
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