View Full Version : Buying Gold via Warka - Getting Your Money Home ?

01-24-2014, 02:10 PM
Hue mi posted an interesting story on the CBI selling (through the banks) gold to investors etc. - as little as 5 grams at a time (about $200 US) - wondering if we can purchase bullion/certificates via Warka then have it sent back home ? (insured of course - using IQD on deposit etc.) - just checking details... any comments / advice appreciated.

The Iraqi Central Bank, decided Thursday to "seek a variety of gold bullion" to sell the gold dealers and investors and Iraqi society, said that "this action represents one of the tools of monetary policy of the Bank."

According to a statement by the Central Bank of Iraq received (range), "for the purpose of diversifying the means of saving to the public and provide loads of gold from sober terms sold to gold dealers, investors and the community purchasing, the Bank's Board of Directors in consultation with the Committee on Economic Affairs minted a variety of gold bars ranging from weights (5 g and 1000 g).

The Bank proceeded with the contracting procedures of import of gold bullion and then sell it through the banking system, "Noting that" this action represents one of the tools of monetary policy of the Central Bank."


01-24-2014, 02:19 PM
ok... next article has 50g min. .. so $2000 US (approx.) - still .. might be a new angle to get funds home .. or invest in gold.

All the best.