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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


2 posters

    Economist: The Central Bank sells gold commercially and does not touch its reserves

    Rocky
    Rocky
    Rocky
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    • Post n°1

    Economist: The Central Bank sells gold commercially and does not touch its reserves Empty Economist: The Central Bank sells gold commercially and does not touch its reserves

    Post by Rocky Thu 09 Nov 2023, 3:25 pm

    [size=45][size=41]Economist: The Central Bank sells gold commercially and does not touch its reserves[/size]
     5 hours ago
    438
    [/size]

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    The economic expert, Mustafa Hantoush, explained that the process of selling gold announced by the Central Bank is “commercial” and does not affect its reserves of the yellow metal, explaining “in numbers” the size of the financial reserves that Iraq possesses.
    Hantoush said in a press interview seen by “Taqaddam” that “the size of Iraq’s financial reserves is estimated at 115 billion dollars, including 130 tons of gold, and its value is estimated at approximately 50 to 60 billion dollars, in addition to its possession of American treasury bonds worth 36 billion dollars and some liquidity from the dollar.” And other currencies.
    He continued, “The sale of gold by the Central Bank is a commercial process, and is not part of its reserves, as it buys and sells gold through a platform as a service it provides for the benefit of the state.”
    Hantoush added, “The balances and accounts are in the hands of the US Federal Reserve, according to UN Resolution No. 1956 of 2010, as it is responsible for Iraq’s funds,” noting that “the American side is reducing the percentage of cash in these funds, imposing measures on financial transfers, and restricting Trade is unregulated with Iran and Syria due to cross-border smuggling operations.”
    He explained, “The decline and stability of the exchange rate comes through carrying out automation operations with the ports to stop smuggling, opening accounts at TBI   , electronic reservation for travelers through the Central Bank, and introducing 1,200 companies instead of being limited to 7 companies,” pointing out that “these measures lead to control.” On the dollar.”
    The economic expert stressed “the necessity of coordination with the American side and responding to their requests, and if we move away from American policy and go to other policies, this will pose a great danger to the financial situation in the country.”
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    Screwball
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    • Post n°2

    Economist: The Central Bank sells gold commercially and does not touch its reserves Empty Re: Economist: The Central Bank sells gold commercially and does not touch its reserves

    Post by Screwball Thu 09 Nov 2023, 4:59 pm

     and introducing 1,200 companies instead of being limited to 7 companies,


    This refers to Bureau de Change outlets world wide, there are currently 1400 or there abouts..... this is big news this is FOREX - currency exchange boards....
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    Screwball
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    • Post n°3

    Economist: The Central Bank sells gold commercially and does not touch its reserves Empty Re: Economist: The Central Bank sells gold commercially and does not touch its reserves

    Post by Screwball Thu 09 Nov 2023, 5:02 pm

    Trade is unregulated with Iran and Syria due to cross-border smuggling operations


    how do reduce stop border smuggling.......forex and swift
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    • Post n°4

    Economist: The Central Bank sells gold commercially and does not touch its reserves Empty Re: Economist: The Central Bank sells gold commercially and does not touch its reserves

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