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Established in 2006 as a Community of Reality

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Iraqi dinar would soon return to what it was prior to 1980 due to global demand

dizzydee
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Post by dizzydee on Sun 03 Feb 2013, 8:49 pm

First topic message reminder :

Sunday, 03 February, 2013





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.

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Harold4187
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Post by Harold4187 on Mon 04 Feb 2013, 9:17 am

Looks good but as we know Iraq will pump there own money. bounce
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TexasAggies
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Post by TexasAggies on Mon 04 Feb 2013, 9:22 am

Let's get this show on the road already!!!!
Neno
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Post by Neno on Mon 04 Feb 2013, 9:29 am

[You must be registered and logged in to see this link.] wrote:Looks good but as we know Iraq will pump there own money. bounce
No need to pump it, the resources add up. Better to pump the resources..... ;)
notazbad2000
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Post by notazbad2000 on Mon 04 Feb 2013, 9:32 am

If things work out right...they will be living high on the hog as my Texas Brother would remind me!;)


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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.
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Harold4187
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Post by Harold4187 on Mon 04 Feb 2013, 9:33 am

i am ready i had to go to back to work in the oilfield in North Dakota.
newinpbg
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Post by newinpbg on Mon 04 Feb 2013, 9:35 am

This would be incredible! Even more incredible if this happens soon (next couple of weeks).
notazbad2000
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Post by notazbad2000 on Mon 04 Feb 2013, 9:36 am

[You must be registered and logged in to see this link.] wrote:i am ready i had to go to back to work in the oilfield in North Dakota.

I have seen those oil fields when I was up in Minot in the winter...NO JOKE!


_________________
TAZ

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

Harold4187
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Post by Harold4187 on Mon 04 Feb 2013, 9:37 am

yep i am living in a camp in tioga
4 weeks her 2 weeks home
ron-man
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Post by ron-man on Mon 04 Feb 2013, 10:07 am

I like it it it it it,God bless us all and Iraq.
Hkp1
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Post by Hkp1 on Mon 04 Feb 2013, 12:17 pm

Nice article, Dizzydee. However please make sure when you post an article, ALWAYS check the headline..because it should read this below. That's why when anyone post we check links as some dinar forum sites will alter things to make it sound/read better. Here at Neno's Place we never alter the wording good or bad. so we all know where our investment stands. But in the mean tine post away as you're doing a great job in bringing really nice articles to the board... Thanks!!!

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



[You must be registered and logged in to see this link.] wrote:Sunday, 03 February, 2013





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.

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