The Governor of the Central Bank of Iraq Ali Al-Alaq, that "Iraq has strengthened its reserves of gold to currently reach 132 tons, up from about 130 tons at the end of last year," stressing that "there is a future for gold, where Iraq has 132 tons, a reassuring amount for the country".
Iraq seeks to keep pace with many countries that are working to support their stocks of the yellow metal in light of the fluctuations in the global economy. The world's central banks are expanding their holdings of precious bullion, including gold, amid mounting geopolitical and economic risks.
Source (Al-Arab Newspaper of London, Edited)
