Thursday, March 27, 2014

Iraq's central bank bought 36 Tons of gold in March 2014

(Reuters) - The Central Bank of Iraq has bought 36 tonnes of gold this month, it said in a statement on Tuesday, in a bid to help stabilise the exchange rate of the Iraqi dinar against othercurrencies.
The purchase marks the first addition to Iraq's gold reserves since it lifted its holdings by 23.9 tonnes in August 2012, according to data from the International Monetary Fund.

Added to the 29.8 tonnes the World Gold Council says it already held, the purchase brings Iraq's total gold holdings to 65.8 tonnes, making it the 43rd largest official sector bullion holder in the world, after Denmark and just ahead of Pakistan.

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