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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


    Central" SEC decides to 11 tons of gold bullion for "diversification means savings"

    Rocky
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    • Post n°1

    Central" SEC decides to 11 tons of gold bullion for "diversification means savings" Empty Central" SEC decides to 11 tons of gold bullion for "diversification means savings"

    Post by Rocky Fri 04 Apr 2014, 8:21 am

    [size=12.66]Central" SEC decides to 11 tons of gold bullion for "diversification means savings"


     Baghdad / term-Presse    [/size][size=12.66]o[/size][size=12.66]


    Central Bank of Iraq, about the contract with an international company for "SEC" 11 tons of gold bullion in order to diversify the means of saving for the public, as he emphasized his intention SEC new alloys in the event of increased demand.
    According to a statement received (range Press) a copy of it, "in light of the decision the bank's board last judge of the need to diversify the means of saving for the public, has been contracted with an international company specialized Stamping 11 tons of gold bullion, "noting that" the weights of these alloys will range between 5 g and 1000 g. "
    the bank said in a statement, "We hope that this will be The move is the first phase, and in the event of increased demand for gold bullion will be coined new alloys. "
    It was the Iraqi Central Bank announced on March 25 last to buy 36 tonnes of gold during that month, they returned that this is a form of monetary policy to stabilize Iraqi dinar exchange rate.
    while the Bank has decided, last January, "coined a variety of gold bullion" and sell them to dealers in gold, investors and segments of Iraqi society, as he emphasized that "this action represents one of the tools of monetary policy to the Bank."
    and the view of economists that the entry of the World Gold to Iraq is a positive case to activate the market dealing gold in Iraq, especially since the gold market of Iraq was not affected by the entry of gold Emirati and Turkish.
    was the CBI has revealed, in September 2013, on the arrival of reserves of foreign currency and gold to about 80 billion dollars, while attributing to an increase in global oil prices, is expected to increase the reserve in the coming months.
    was the International Monetary Fund, has announced, on 23 March 2013, the financial assets preventive in the Development Fund for Iraq rose in 2012 to 18 billion dollars, and cash reserves of the Central Bank of hard currency to $ 70 billion, attributing the increase to the "oil revenues unexpected."
    asserts Financial experts that Iraq's stockpiles reserve funds have covered liquidity over the past years, calling for the government to adopt alternative ways to cover the deficit, including recourse to the application of policies, the secondary market that have been agreed with the government.

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