Iraq Cuts Gold Holdings by a Quarter

By John Lee.

Reuters reports that Iraq cut its gold holdings by a quarter in November.

Data from the International Monetary Fund (IMF) showed that the country’s stocks fell to 29.9 tonnes.

(Source: Reuters)

2 Responses to Iraq Cuts Gold Holdings by a Quarter

  1. Sattar January 30, 2013 at 12:12 am #

    It was under the tenure of Governor Sinan Al-Shabibi that Gold reserves reached 32.09 tonnes in September 2012, the highest level since at least 2003. Since then and especially since the new acting governor has taken over, Iraq’s gold reserves fell to 29.9 tonnes.

  2. Iraq Investor January 30, 2013 at 1:44 am #

    Wonder how the dinar pumpers will spin this one