Gold Coins of 100 Iraqi Dinars to Sell by Iraqi Banks: CBI

Gold coins

On Thursday, the Iraqi Central Bank guided the Iraqi banks to buy gold dinars Meskukath of 100 and 250 Iraqi dinars categories.

The CBI also indicated that there are 720000 Iraqi dinar coins of 100 Iraqi dinars category. The Central Bank of Iraq further added in its press statement that the gold coins of 24 carat has been contracted with an international company for Stamping 5,000 precious metallic memorial gold coins of 100 Iraqi dinars category. Its weight is estimated at 15 grams. It would be presented on the event of 84th anniversary of the Iraqi Monetary Authority, as it was established in 1930.

The CBI further added in the statement that it has also decided to work toward 5,000 precious metallic coins of 250 Iraqi dinars category of 22 grams. It would be presented on the event of 68th anniversary of Iraqi Central Bank, as it was established in the year 1947. The Iraqi Central Bank further added that CBI has received coins for 100 Iraqi dinars category at the weight of 15 grams and these coins will be delivered to Iraqi banks for sale. He further explained that it is considered that sale price on banks will be on the basis of cost and 1 percent on the cost will be collected on these coins for 720000 Iraqi dinar coins.

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