Economist Nabil Al-Ali revealed today, Sunday, the size and value of gold imported annually to Iraq, while noting that gold entering through the region is not subject to the conditions of the Federal Quality Control Authority.
Al-Ali said during his hosting of the eighth program with Ahmed Al-Tayeb and followed by “Journal”, that “60 tons of gold enter annually to the country with a value of 3 billion dollars,” noting that “the two most important exporters of gold in Iraq are the Turkish and Emirati markets.”
He added, “The difficulty of procedures at federal ports made traders deal with the ports of the region,” noting that “gold entering through the region is not subject to the conditions of the Federal Quality Control Authority.
Al-Ali pointed out that “the controls of the federal government apply to 10 percent of gold import operations,” stressing that “the re-exports of gold from Iraq have been indicated abnormally.”
