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Iraq strengthens its gold reserves to reach more than 31 tons
12/21/2012 - 4:48 pm | Hits: 6
The International Monetary Fund announced Friday that Iraq boosted its gold reserves to reach more than 31 tons, pointing out that he bought 23.9 tonnes of gold during the month of August.
The report said the monthly statistics of the International Monetary, said that "Iraq tally of gold during August and September, falling slightly during last October to $ 31.07 tonnes," noting that "Iraq's reserves of gold were some 5.8 tons a month before last August."
The fund added that "Iraq bought last August 23.9 tonnes of gold to reach its reserves to 29.7, while increased these reserves to 32.09 tonnes after buying 2.3 tons of gold in the month of September," adding that "these reserves fell by 1.02 to $ 31.07 tonnes last October. "
And some states have tended to buy gold, especially with higher prices in the global markets, as well as the instability of the value of the dollar because of the fluctuation of its value in recent times.
The Central Bank of Iraq announced, in August 2012, Iraq's reserves rise of hard currency to $ 67 billion, up from $ 63 billion the end of last May, as he emphasized that these reserves are the largest in the history of Iraq.
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