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Wednesday, December 26, 2012

Economist: Iraq reserves of gold is a good step to support the national currency, 26 DEC


Economist: Iraq reserves of gold is a good step to support the national currency

Baghdad (newsletter) … Economic expert considered Jalil Al-Rubaie, a Central Bank to strengthen the reserves of gold in addition to dollar “a positive step” to support the national currency.
He said Al-Rubaie (News News Agency): most world States began distancing themselves from the fact that the dollar price of wobbling as a result of the global economic crisis, it had to store gold is safe haven for national currency to keep it from being lost.
He added: that a Central Bank towards enhancing its gold reserves and reduce dependence on the dollar is a positive step and will support the national economy and the Iraqi dinar.
And the reports of international organizations, noted that Iraq has sought to store gold to strengthen reserves of gold and cash reserves of the dollar in order to maintain his property and stability of the Iraqi dinar exchange rate.

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