Iran no Need of Gold For 10Years

Tehran - The Central Bank of Iran ( CBI) Tehran has imported " hundred of tons of gold" and now it is free from importing the precious metal for at least ten years. for the next 10 years there will be no need to import gold, last year , when the price of each ounce of gold worldwide was on average $656, a few hundred tons of gold import said CBI Governor Mahmoud Bahmani.
" At present, the price of each ounce of gold is $1.230 consequently the value of the national reserves has risen by a few billion dollars" Iran has changed 15 percent of its foreign exchange reserves into gold as the number is 1.7 percent for countries such as China and India.
Iran transferred hard currency deposits that had been kept in certain countries back to the Islamic Republic as a precaution against potential moves to freeze the funds and impose sanctions.
" If we consume 30 tons of gold a year, Iran has gold reserves for the next ten year" CBI governor.
This article taken from- http://www.allvoices.com/contributed-news/7275326-iran-no-need-of-gold-for-10years