Established in 2006 as a Community of Reality

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Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

Many Topics Including The Oldest Dinar Community. Copyright © 2006-2020


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fonz1951
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Proven
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    Iraq buys 48 tonnes of gold

    Proven
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    Iraq buys 48 tonnes of gold Empty Iraq buys 48 tonnes of gold

    Post by Proven Sun 15 Feb 2015, 6:11 pm


    Iraq buys 48 tonnes of gold

    15.02.2015
    Announced the World Gold Council (WGC) for the purchase of the Central Bank of Iraq's 48 tonnes of gold during 2014, bringing the Iraq reserves of gold material and contribute to the diversification of its reserves.
    In an interview with Radio Free Iraq, the economic advisor to Prime Wazzramzar Mohammed Saleh importance that Iraq diversify its reserves of gold and the dollar so that the cover of the Iraqi currency, pointing at the same time that the states do not prefer gold much of the difficulty of his investment and the cost of flooring that paid for the country equipped fees. Saleh pointed out that gold typically constitute 6% of central bank reserves of hard currency, noting that "48 tonnes of gold at the moment, a gold in the bank the amount is sufficient and commensurate with the hard currency reserves."
    It is believed a member of the Parliamentary Finance Committee MP Ahmed Rasheed flesh to buy this amount of gold may be used by the central bank as a cover for the new currency, which purports Bank issued and is also used as a cover for the process of deletion of zeros from the Iraqi currency. Rashid pointed to the current financial situation does not encourage the purchase of larger quantities of gold material.
    To that count economist Bassem Jamil Antoine purchase this large gold "good gesture to diversify currency amounts and not limited balances at the central bank on the dollar only", pointing out that gold is one of the balances guarantor of the Iraqi economy, which contribute to maintaining the value of the Iraqi dinar .
    The CBI had announced in 2013, on his quest to find a balanced ratio of gold with hard currency reserves, saying that as the size of the reserve increases less than the contribution of the other ingredients.
    It is noteworthy that the International Monetary Fund said in 2012 that Iraq had boosted its gold reserves to reach more than 31 tons, explaining that Iraq bought 23.9 tons of gold in the month of August of the same year


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    mochasmom
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    Iraq buys 48 tonnes of gold Empty Re: Iraq buys 48 tonnes of gold

    Post by mochasmom Sun 15 Feb 2015, 6:20 pm

    Wooohooo!!!
    Tiffany
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    Iraq buys 48 tonnes of gold Empty Re: Iraq buys 48 tonnes of gold

    Post by Tiffany Sun 15 Feb 2015, 6:27 pm

    Ooohhh! I think I like the sound of that! ;-)
    Proven
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    Iraq buys 48 tonnes of gold Empty Re: Iraq buys 48 tonnes of gold

    Post by Proven Sun 15 Feb 2015, 6:37 pm

    Why would they need gold to back a redenomination?  Because it is not.
    noced71
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    Iraq buys 48 tonnes of gold Empty Re: Iraq buys 48 tonnes of gold

    Post by noced71 Sun 15 Feb 2015, 7:01 pm

    OMG LOL LMAFO !!!! :-) and you can throw all the other stuff in!!
    Neno
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    Iraq buys 48 tonnes of gold Empty Re: Iraq buys 48 tonnes of gold

    Post by Neno Sun 15 Feb 2015, 8:01 pm

    Proven wrote:Why would they need gold to back a redenomination?  Because it is not.
    lol, I nearly said...but, then your last line made me laugh... badboys



    I'll bump this one on Facebook. Now added that to the 2.50:1 FOR THE RESERVES....
    Proven
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    Iraq buys 48 tonnes of gold Empty Re: Iraq buys 48 tonnes of gold

    Post by Proven Sun 15 Feb 2015, 8:10 pm

    Neno wrote:
    Proven wrote:Why would they need gold to back a redenomination?  Because it is not.
    lol, I nearly said...but, then your last line made me laugh... badboys



    I'll bump this one on Facebook. Now added that to the 2.50:1 FOR THE RESERVES....

    If it waddles, quacks, and eats grass it must be a duck!  We just need this duck to fly!    It will with the Economic Development plan.  
    day dreamer
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    Iraq buys 48 tonnes of gold Empty Re: Iraq buys 48 tonnes of gold

    Post by day dreamer Sun 15 Feb 2015, 8:40 pm

    nice Proven Thanks! flower
    fonz1951
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    Iraq buys 48 tonnes of gold Empty Re: Iraq buys 48 tonnes of gold

    Post by fonz1951 Sun 15 Feb 2015, 8:49 pm

    gosh, wonder why this is just coming out?  scratch could it be????
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    Iraq buys 48 tonnes of gold Empty Re: Iraq buys 48 tonnes of gold

    Post by Sarisus Sun 15 Feb 2015, 9:08 pm

    duck

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    Iraq buys 48 tonnes of gold Empty Re: Iraq buys 48 tonnes of gold

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