Iraqi Dinar Discussion Board

[felcanelo]

CBI plans to buy more gold

Looks like they're backing up the truck again.
Used the Google translator for this one.

Source: BAGHDAD - Iraq Ahmad
Date: April 12, 2014

He said Iraqi Minister of Finance, acting purity of net debt that the CBI may buy more gold in the coming months based on the needs of the investment.

The "central" said on its website, a week ago, he signed a contract with an international company to manufacture 11 tons of gold bullion to the public and other import Drafters and investors. And bought a "central" 36 tons of high-purity gold, last month, to support the dinar.

This was the first quantitative Add to Iraq's reserves of gold, since it has increased its holdings by 23.9 tons in August 2012, according to data from the International Monetary Fund, the value of the deal and the time of purchase of $ 1.5 billion. According to the World Gold Council that Iraq has already 29.8 tonnes of gold, and thereby increase its holdings total new purchases of the yellow metal to 65.8 tons to come in third place among the forty largest holders of gold in the world in the formal sector after Denmark and before Pakistan directly

Link

http://www.albayan.ae/economy/capital-markets/2014-04-12-1.2099844