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The Central Bank of Iraq announced that the gold reserves of Iraq have reached 112.4 tons this month, with the hope that Iraqi dinar will regain its value back in the market. This is the highest figure of gold reserve in the history of gold reserves of central bank of Iraq according to world gold council.

The central bank of Iraq surprised the whole economic world with the purchase of 36 tons of pure gold and doubled its gold reserves. According to report it is one of the largest gold deal that central bank of Iraq made ever in the past. There are different statements about gold reserves of Iraq now.

Central bank of Iraq is always looking for tools and techniques to stabilize its currency in the international market. Time to time it introduced different methods that it considered to be beneficial for Iraq and its economy. The recent technique that central bank of Iraq going to introduce is to buy 36 tons of gold ingots.

The central bank of Iraq surprised the whole world with the recent trade of gold. The gold reserves of Iraq have doubled now after this purchase of 36 tons of gold. The recent gold reserves of Iraq are 63 tons after addition of 36 tons in the total gold reserves of Iraq.

The central bank of Iraq purchased 36 tons of the gold ingot in the month of April 2014 to increase the gold reserves of the country and ultimately to enhance the value of Iraqi dinar in local and international market. this purchase increased the gold reserves of Iraq by 90 tons in 2014. The purchase of this huge quantity surprised economists all over the world.

Experts: Gold Prices Decrease to Cast a Negative Impact on Dinar Value Central bank of Iraq purchased 36 tons of gold last month to stabilize the value of dinar in the local and international market. The bank is planning to buy more gold in the near future that will further help central bank to control the value of dinar and stabilize it in the market.

The Central Bank of Iraq has recently purchased the heavy amount of gold. It is about 36 tons of gold purchased by the CBI in the previous month. The central bank is always making plans to stable the country's position and the value of its currency. Time by time, it is making different plans and implement on that. It is a big step to invest in heavy amount of gold.

Iraqi Dinar 123 News:- The central bank of Iraq announced that with the 70 billion dollars reserves and over 120 tons of gold it has ability to support its currency at international market and will be able to Stabilize Iraqi Dinar in the international market.

Iraq is one of the biggest traders of gold in the market nowadays. Iraq focused on the international trade in gold rather than dollar or any other currency of the world. The aim is to enhance the value of its currency in the international market and to stabilize its economy. Iraq made some big deals that surprised the world in the gold. In 2014 only, the central bank of Iraq purchased more than 80 tons of the gold ingots from international market.

Iraqi Dinar 123 News:- The central bank of Iraq announced that with the 70 billion dollars reserves and over 120 tons of gold it has ability to support its currency at international market and will be able to Stabilize Iraqi Dinar in the international market.

After purchase of 36 tons of gold, the worth of dinar increased in local market of Iraq. That's why the deposits in government and private bank are increasing with the every passing day. The private association executive director Abdul Aziz al Hasoon told that the volume of cash deposited has grown this year to about 70 trillion Iraqi dinars.

Iraq purchased 36 tons of gold in at the end March 2014 to increase the value of dinar in the international market. This high value purchased of gold surprised the whole world. Central bank of Iraq is planning to purchase more gold in near future that will further enhance the value of Iraqi dinar in the international market.

A move of the Central Bank of Iraq, which surprised the economists in all over the world is the purchase of 36 ton gold reserves worth $ 1.36 billion to help and stabilize the economy of Iraq and to make the Iraqi dinar stronger against the other currencies.

Governor of central bank of Iraq Abdel Basset Turky said that Iraqi Dinar will not lose its value in the international market even the worst economic and law and order situation. He said that $70 billion dollars of cash reserves and more than 20 tons of gold is enough to support its currency in the international market.