WGC expresses its willingness to increase the Iraq share

Economy

29-04-2021, 16:49

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Baghdad - INA

The World Gold Council expressed willingness to provide support in case it wants to increase the gold quota for Iraq.

A statement issued by the Central Bank received by the Iraqi News Agency (INA) stated, "The Governor of the Central Bank of Iraq, Mustafa Ghaleb, held a meeting with the World Gold Council at their request."

The statement added, "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 had been achieved after the application of recent reforms in the work of the bank and the banking sector."

For its part, the World Gold Council provided full support to the central bank should it wish to increase the gold quota for Iraq. "

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