Central bank sells gold coins to the public soon
Central bank sells gold coins to the public soon
15/08/2012 12:30:00
BAGHDAD / Nina / Central Bank of Iraq announced its intention to sell gold coins and things of high value to the public soon, in addition to selling the dollar at auction.
The deputy governor of Bank of the appearance of Mohammed Saleh in a statement to the National Iraqi News / Nina /: "The Bank is studying the economic feasibility for the sale of gold coins, monetary and other foreign currencies as well as treasury transfers to the public soon."
And: "This measure was previously in force in the eighties of the last century, but the circumstances of the siege in the nineties has made people focus on buying the dollar to ease discharged on the market."
He added: "The treasury transfers are not grappling with the public for limited circulation is currently on the banks and private banks," explaining that the treasury transfers short-term expires at the end of the year which comes to finance the deficit of my time while the bonds, the central bank to be long term and will last for years.
He said the bank's bonds and treasury transfers are sold in a weekly auction held by the Central Bank for this purpose. / End 5
"we aspire in the near future to the return of Iraqi dinar to what it was in the seventies and the beginning eighties against the dollar" - Dr. Shabibi
“I just did my job...You either get them out alive or you die trying. If you don’t die trying, you didn’t try hard enough." - Marine Sergeant Dakota Meyer, Medal of Honor recipient
