Iraq's Golden Treasure.. Will It Protect The Country From Economic Fluctuations?
Time: 2025/02/13 Read: 1,380 times {Economic: Al Furat News} Member of the Finance Committee, Jamal Kocher, confirmed that Iraq’s gold reserves represent a safety valve for the Iraqi economy.
"Iraq's gold reserves make Iraq and the entire state safe and protect the country from any sudden economic crises," Kocher told {Euphrates News}.
Kocher pointed out that "the issue of rising and falling gold prices globally does not affect the reserve."
Gold is considered a safe haven in times of economic crises, as it maintains its value or increases with the deterioration of other currencies.
Iraq has a large gold reserve,
which enhances its economic strength and protects it from external shocks.
The economic advisor to the Prime Minister, Mazhar Mohammed Salih, revealed Iraq's gold reserves, estimated at about 152 tons.
Although gold prices may fluctuate globally, this does not affect the value of Iraq's gold reserve in the long term. LINK
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