Iraq Trebles Size of Gold Reserves

By John Lee.

A report released this morning by the World Gold Council says that Iraq’s Central Bank bought 48 tonnes of gold during 2014, trebling the size of its gold reserves over the year.

Fortification and diversification of reserves, namely away from the US dollar, continues to be the driving force behind this activity, according to the WGC.

(Source: WGC)

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