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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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    The central bank plans to put up a large gold bullion weights to sell to citizens

    Proven
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    • Post n°1

    The central bank plans to put up a large gold bullion weights to sell to citizens Empty The central bank plans to put up a large gold bullion weights to sell to citizens

    Post by Proven Fri 04 Sep 2015, 10:00 am

    Part of the delete the zeros project:

    The central bank plans to put up a large gold bullion weights to sell to citizens



    [ltr][You must be registered and logged in to see this link.]
     Gold Bullion asked the central bank to buy[/ltr]
    [ltr]
    [/ltr]


    [ltr] Author: AB, ASJ, BS
     Editor: AB, BS
     04/09/2015 12:25
     Number of Views: 572 [/ltr]


    [ltr] Long-Presse / Baghdad
    A source at the Central Bank, on Friday, that the bank plans to launch a large gold bullion weights to sell to citizens through private banks, as he emphasized that this comes after public demand to buy bullion previously put forward by the Bank, which was smaller weights.

    The source said in an interview for the (long-Presse), said that "the Iraqi Central Bank already put gold bullion with weights ranging between (5-50) and 24 g caliber for private banks in order to sell them to citizens."

    The source, who asked not to be named, said: "alloys that have been put forward previously met with popular among the citizens and achieved good sales compared to the quantities offered," noting that "the bank therefore decided to put great weight alloy."

    The source pointed out, that "the weights that will be put forward is (100 250 500 1000) g, and 24 caliber," pointing out that "the mechanism put these alloys will be similar to previous mechanisms of sale, where it will be sold to private banks to be able are sold to citizens according to simple mechanisms to enable any citizen of easily buy them, according to a simple margin on the price of the alloy does not exceed the 1%, which represents a cost the administrative line with the Bank's policy. "

    The central bank revealed, about two months ago, in an agreement with one of the largest SEC companies bullion global Stamping gold bullion from the weights (5.10, 15.20, 25 and 50) g, caliber 24, and put up for sale through banks and through its epicenter in Baghdad For employees, while the banks called for the submission of requests to buy the quantities that you want for its own account or on behalf of the public, select the sale price on the basis of cost plus 1% as a download manager.

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    mochasmom
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    • Post n°2

    The central bank plans to put up a large gold bullion weights to sell to citizens Empty Re: The central bank plans to put up a large gold bullion weights to sell to citizens

    Post by mochasmom Fri 04 Sep 2015, 10:47 am

    These are our coins we have been waiting on!!!!
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    • Post n°3

    The central bank plans to put up a large gold bullion weights to sell to citizens Empty Re: The central bank plans to put up a large gold bullion weights to sell to citizens

    Post by sassy Fri 04 Sep 2015, 11:08 am

    This great!!!  yes
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    • Post n°4

    The central bank plans to put up a large gold bullion weights to sell to citizens Empty Re: The central bank plans to put up a large gold bullion weights to sell to citizens

    Post by csd9013 Fri 04 Sep 2015, 12:16 pm

    mochasmom wrote:These are our coins we have been waiting on!!!!
    I'm not sure these are the coins we are waiting on since they are selling these coins.
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    • Post n°5

    The central bank plans to put up a large gold bullion weights to sell to citizens Empty Re: The central bank plans to put up a large gold bullion weights to sell to citizens

    Post by Proven Fri 04 Sep 2015, 1:56 pm


    Galatians 6:9

    Let us not become weary in doing good, for at the proper time we will reap a harvest if we do not give up.

    Purpose of gold sales:

    Bolani said that "the central bank said the committee that what exists reserves of hard currency and gold will be invested early next year in various projects aiming to participate in the reconstruction of infrastructure in the whole country for which will be reflected positively on the gross domestic product of Iraq."

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    Reveals the activation of monetary reform:

    He said the academic economic Dr Majid Baidhani "said a central bank to activate the monetary policy tools and the willingness to sell gold to the public would be granted dinar greater strength as well as it reduces the dollarization phenomenon experienced by the economy.

    ...it is hoped that the proportion of gold allocated to the Mint about 11 tons, and determine the public need and desire for the allocation of additional quantities Stamping to sell to jewelers and investors . said Baidhani that monetary policy tools two types quantitative tools and tools of quality and different conditions of use depending on the economic situation of the country for example, in the case of inflation is the goal of economic policy to achieve price stability and in either case the downturn will be aimed at achieving economic growth and increasing employment. He said the actions taken by the central bank reflect the familiar real economic reality of the country, where the launch of gold to the public would control the levels of liquidity and that it increases the rate of adoption of the public on the financial assets of the real, represented by the precious metal rather than dependence on foreign currency.

    confirmed " that this measure will reduce the dollarization phenomenon experienced by the economy, where most of the business transactions and trade within Iraq are in dollars rather than rely on the on the dinar...

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    a press release in January 2014 in which he announced for his basic gold bullion ranging weights between the weight (5 grams) and kilogram (1000 grams) in order to diversify the means of saving among the public and allow large quantities of pure gold, and reliable sources of traders in gold, investors are selling Iraqi dinars.

    One advantage of adopting this mechanism for the monetary authority is the possibility of the use of these gold bullion reserves guaranteed and limited change in the value of deposits with foreign banks, compared with the changes that occur in the exchange rates of other foreign currencies, as well as being a strong indicator assigns the value of the Iraqi dinar in the international and domestic market and to the possibility of monetizing gold and convert it into monetary units in local currency

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    Part of the economic plan (investment) for use as collateral for loans:

    Economist said the appearance of Dr. Mohammed Saleh, said that the citizen trusts absolutely transactions of government means that he trusts the precious metal which items imported Central as guaranteed and standard specifications in addition to it's international origins is what makes gold imported from the Central is much better than that items imported gold traders. pointed out that the measure would double the opportunities to increase credit (loans granted by banks to citizens) the adoption of gold coins as collateral good loan repayment terms will reflect so positively to improve their reality of living and the national economy in general.

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    Part of the delete the zeros project:

    He says the parliamentary finance committee member Tariq Rashid, that the use of the Iraqi Central Bank to buy large quantities of gold probably will be used 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.


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    Decreasing the money supply as part of the delete the zero project:

    On the other hand stressed the economic expert Akram Abdel Aziz, to ask the Central Bank of the idea of ​​selling gold coins in the banks on the citizens will contribute to raise the value of the Iraqi dinar against the U.S. dollar. Said Abdul Aziz (of the Agency news) on Tuesday: The sale of gold coins by the Central Bank The Iraqi banks will contribute to raising the value of the Iraqi dinar against the U.S. dollar by pulling the dinar from citizens who are buying gold and lack of display of the dinar in the Iraqi market contributes to increase the demand for the dinar and tight supply. added: Iraq, according to statistics the central bank has the ratio of up to ( 30) trillion Iraqi dinars block cash surplus led to oversupply and lack of demand and the devaluation of the Iraqi dinar against the U.S. dollar, indicating that the index liquidity monetary mass in Iraqi banks exceeded (51%) did not find their way to employ what I paid pressing toward raising the prices of goods and create a state of inflation Iraqi economic market. explained: The sale of gold coins will help to absorb inflation and the depreciation of the exchange rate of the U.S. dollar against the Iraqi dinar and reduces pressure on the price of goods in the Iraqi market.


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    • Post n°6

    The central bank plans to put up a large gold bullion weights to sell to citizens Empty Re: The central bank plans to put up a large gold bullion weights to sell to citizens

    Post by sassy Fri 04 Sep 2015, 2:37 pm

    yes  Thanks Proven
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    • Post n°7

    The central bank plans to put up a large gold bullion weights to sell to citizens Empty Re: The central bank plans to put up a large gold bullion weights to sell to citizens

    Post by Proven Sat 05 Sep 2015, 10:18 pm

    Central bank: selling gold bullion operations supporting financial liquidity


    05/09/2015 10:09 | Number of Views: 32

    font size: [You must be registered and logged in to see this image.] [You must be registered and logged in to see this image.]

    The truth - the follow-up of the Central Bank of Iraq, on Saturday, that the continuation of operations selling gold bullion citizens will support the financial liquidity. He said Governor of the Central Bank of Iraq on the Keywords in a press statement that "the central bank, in order to support liquidity in the Iraqi state and to encourage citizen of the Optional savings to diversify its means and put forward different options it embarked on the central bank introduced a different alloy weights for the acquisition by the citizen.


     "He added Keywords that" the sale of the citizens are across the Iraqi private banks after processing by the Central Bank in accordance with the contexts simple and mechanisms to enable any citizen of the purchase of those ingot easily. " Keywords stressed that "the central bank took into account in selling bullion banks to the living conditions of citizens, as it did not put non-small margin on the price of the alloy does not exceed the 1%, which is an administrative cost in line with the Bank's policy." The central bank said during a statement issued about two months said it before that the bank agreed with one of the world's largest coined bullion companies Stamping gold bullion weights (5.10, 15.20, 25 and 50) g, caliber 24 g, and put up for sale through banks and During his position in Baghdad for the staff.


     The bank called on banks to provide their applications to the Directorate General of issuance and cabinets to buy quantities you wish to purchase for its own account or on behalf of the public, have been identified selling price based on the cost and continued to Baghdad International Airport, plus administrative uploads by 1 percent. revealed the Education Committee and education in the province of Dhi Qar Council, on Saturday, close to change the number of department managers in the Directorate General of education the province, stressing that it will be in coordination with the Directorate.


     Committee Chairman Shahid Ghalibi in an interview that "the next few days will make a decision to change the number of department managers in the Directorate General of education in the province as part of reforms launched by the Commission to reform the education sector in the province that package." 


    He Ghalibi, that "the changes will take place in coordination with the Department of Education to ensure there is no vacuum in the work of the directorate," stressing that "this measure comes within the previous Council decision to change managers who spent more than four years in office, considering that those sections is a subsidiary of the Directorate of Education departments ".


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    • Post n°8

    The central bank plans to put up a large gold bullion weights to sell to citizens Empty Re: The central bank plans to put up a large gold bullion weights to sell to citizens

    Post by Neno Sun 06 Sep 2015, 1:58 am

    Wow, great breakdown with supported articles. Looks like the quacks lingo in actual print. Appreciate the great following Proven with the readings for evidence. You two have your own way of getting to the end, now it's just left to the reality of happening. Ty
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    • Post n°9

    The central bank plans to put up a large gold bullion weights to sell to citizens Empty Re: The central bank plans to put up a large gold bullion weights to sell to citizens

    Post by Neno Sun 06 Sep 2015, 2:01 am

    csd9013 wrote:
    mochasmom wrote:These are our coins we have been waiting on!!!!
    I'm not sure these are the coins we are waiting on since they are selling these coins.
    A security is an security, no matter what mechanism used imho.
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    • Post n°10

    The central bank plans to put up a large gold bullion weights to sell to citizens Empty Re: The central bank plans to put up a large gold bullion weights to sell to citizens

    Post by duck2000 Sun 06 Sep 2015, 6:47 am

    Neno wrote:Wow, great breakdown with supported articles. Looks like the quacks lingo in actual print. Appreciate the great following Proven with the readings for evidence. You two have your own way of getting to the end, now it's just left to the reality of happening. Ty

    even a blind duck gets lucky!
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