The World Gold Council offers a complete failure to Iraq if it wishes to increase its share of the precious metal

EconomyIraqgold 2021-04-29 07:14A-AA +

Shafaq News / The Governor of the Central Bank of Iraq, Mustafa Ghaleb Makhaif, held a meeting on Thursday with the World Gold Council (upon their request). 

The media office of the bank said in a statement received by Shafaq News that the meeting dealt with a number of issues, the most prominent of which were technical support and training files, in addition to discussing the increase in the foreign reserves of the Central Bank, which was achieved after the implementation of recent reforms in the work of this bank and the banking sector. 

The statement noted that the World Gold Council had provided full support to the Central Bank in case it wished to increase the gold quota for Iraq.  

It is noteworthy that the Central Bank of Iraq ranks fifth in the Arab world and 38 globally in terms of the size of gold reserves.

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