“There is an old Arabic saying that ‘gold is both for decoration and storing.’ Currently, Iraqis, particularly residents of the Kurdistan Region of Iraq, are taking these words to heart. In the absence of a trustworthy banking system, they are converting their money into gold and stashing it in their homes. The Department of Standards and Quality Control for Gold and Minerals in the Kurdistan Region acknowledges that, indeed, large quantities of gold are being imported and distributed. The entry of such massive amounts of gold into the country is offset by the exit of large amounts of foreign currency, in particular US dollars, in which gold traders often deal.”
http://www.al-monitor.com/pulse/originals/2013/07/iraq-banking-sector-concerns-currency-gold.html
Tip Freedomwat.ch Staff with Bitcoin