Established in 2006 as a Community of Reality

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


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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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lonelyintexas
Hkp1
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    Official: declining reserves of the Central Bank of gold does not affect the rate of the dinar

    Hkp1
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    Official: declining reserves of the Central Bank of gold does not affect the rate of the dinar Empty Official: declining reserves of the Central Bank of gold does not affect the rate of the dinar

    Post by Hkp1 Sun 03 Feb 2013, 12:09 pm

    Official: declining reserves of the Central Bank of gold does not affect the rate of the dinar


    02/02/2013 11:45:00

    BAGHDAD / Nina / The head of the Department of Banking and Finance Ministry Hilal Taan diminishing quantities of central bank reserves of gold does not affect the price of the local currency.

    He said in a statement to the National Iraqi News / Nina / today: "The basket cash reserve covering currencies do not include the gold only, but depend on the dollar and the pound sterling and the euro, in addition to gold bullion."

    He said: "The Iraqi dinar has been a week before the beginning of the deal by one of the sites of the U.S. because of the high currency reserves to more than $ 67 billion is evidence that the Iraqi currency backed by a strong balance can not be influenced by declining gold bullion."

    He pointed out that "the dinar traded in global financial directory sites on the recovery of the currency and that there is a future for the Iraqi dinar and would soon return to what it was before 1980 because of the global demand in the global financial markets."

    The Iraqi Central Bank denied reports by the media about the low reserves of gold, stressing that it saw stable over the past several months.

    He said in a statement yesterday he was "no truth to the news reported by some media on the low bank reserves of gold," stressing that the reserves now total 29.790 tons.

    The International Monetary Fund (IMF) revealed in a report last week, said Iraq cut its gold reserves by a quarter to reach 29.9 tonnes in November 2012, pointing out that the reserves in September and October of last year reached 39.4 tons. / Finished 5



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    Hkp1
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    Official: declining reserves of the Central Bank of gold does not affect the rate of the dinar Empty Re: Official: declining reserves of the Central Bank of gold does not affect the rate of the dinar

    Post by Hkp1 Sun 03 Feb 2013, 12:42 pm

    This is the part I like,.... :)

    "the dinar
    traded in global financial directory sites on the recovery of the
    currency and that there is a future for the Iraqi dinar and would soon return to what it was before 1980 because of the global demand in the global financial markets."
    lonelyintexas
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    Official: declining reserves of the Central Bank of gold does not affect the rate of the dinar Empty Re: Official: declining reserves of the Central Bank of gold does not affect the rate of the dinar

    Post by lonelyintexas Sun 03 Feb 2013, 2:33 pm

    Thanks Hkp1, that is a great article, looking forward to that rate. Woo Hoo.

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    Official: declining reserves of the Central Bank of gold does not affect the rate of the dinar Empty Re: Official: declining reserves of the Central Bank of gold does not affect the rate of the dinar

    Post by Wayne Irby Sun 03 Feb 2013, 8:23 pm

    In the early 80s the exchange rate was $3.22, anywhere close to that sounds great! :lol: (SOON!) the sooner the better!
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    Official: declining reserves of the Central Bank of gold does not affect the rate of the dinar Empty Re: Official: declining reserves of the Central Bank of gold does not affect the rate of the dinar

    Post by notazbad2000 Mon 04 Feb 2013, 4:59 am

    Wayne Irby wrote:In the early 80s the exchange rate was $3.22, anywhere close to that sounds great! :lol: (SOON!) the sooner the better!

    ...Add in current day inflation, and the comes out to around where Kuwait is!


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    The ultimate measure of a man is not where he stands in moments of comfort and convenience, but where he stands at times of challenge and controversy.
    Martin Luther King Jr., Strength to Love, 1963

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    Official: declining reserves of the Central Bank of gold does not affect the rate of the dinar Empty Re: Official: declining reserves of the Central Bank of gold does not affect the rate of the dinar

    Post by a-team Mon 04 Feb 2013, 7:53 am

    Fantastic, I'll take it.
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    Official: declining reserves of the Central Bank of gold does not affect the rate of the dinar Empty Re: Official: declining reserves of the Central Bank of gold does not affect the rate of the dinar

    Post by Neno Mon 04 Feb 2013, 9:08 am

    Think many would but, if you can take the heat, play the game.... ;)

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    Official: declining reserves of the Central Bank of gold does not affect the rate of the dinar Empty Re: Official: declining reserves of the Central Bank of gold does not affect the rate of the dinar

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