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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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    Economist: central bank issued gold bullion to withdraw cash liquidity from the market

    wciappetta
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    • Post n°1

    Economist: central bank issued gold bullion to withdraw cash liquidity from the market Empty Economist: central bank issued gold bullion to withdraw cash liquidity from the market

    Post by wciappetta Wed 14 Oct 2015, 6:37 am

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    Economy and Tenders
     Since 10.14.2015 at 09:35 (GMT Baghdad)
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    Special - scales News
    Stressed the economic expert on behalf of Jamil Antoine, Wednesday, the Central Bank of Iraq issued an alloy of gold for sale, to withdraw cash liquidity from the domestic market.
    He said Antoine L / scales News /, "The central bank issued alloy of gold weighing grams and five grams to withdraw cash liquidity of the domestic market and one of these methods to withdraw liquidity from the market."

    He added that "the central bank has gone is contracting with international companies to equip these gold bullion even sell it to the citizen in gold auction and also alleviate the burden of cash from the citizen, it does drag to reduce inflation winning in the market, and also enhances the tally of the Iraqi dinar."

    He pointed out that "the process of buying gold a good gesture to diversify currencies and balances at the central bank are not limited to just the dollar, because gold is the guarantor of the balances of the Iraqi economy, which contribute to maintaining the value of the Iraqi dinar."

    The CBI had announced in 2013, on his quest to find a balanced ratio of gold with hard currency reserves, considering that the greater size of the reserve increases less than the proportion of the contribution of the other components.

    The International Monetary Fund said in 2012 that Iraq had boosted its gold reserves to reach more than 31 tons, explaining that Iraq bought 23.9 tons of gold in the month of August of the same year.

    Iraq suffers from a budget deficit estimated at $ 21 billion because of lower oil prices and Trauhaa up to $ 45 per barrel. / Ended 29 n / 10


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    Stevethebrit
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    • Post n°2

    Economist: central bank issued gold bullion to withdraw cash liquidity from the market Empty Re: Economist: central bank issued gold bullion to withdraw cash liquidity from the market

    Post by Stevethebrit Wed 14 Oct 2015, 6:48 am

    Ward, is this just to enhance the current value of the dinar or a move to get toward a revalue?
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    wciappetta
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    • Post n°3

    Economist: central bank issued gold bullion to withdraw cash liquidity from the market Empty Re: Economist: central bank issued gold bullion to withdraw cash liquidity from the market

    Post by wciappetta Wed 14 Oct 2015, 8:17 am

    At the very least it's an effort to support the value and with many banks suffering from liquidity issues because people still do not trust the  banking system offering gold as a store of wealth is kind of like a portable bank that you carry home in your pocket. 

    However Gold could prove to be a huge support for revalue in the near term.

     I wonder about the report a few weeks back concerning the intercepted gold during Saddam's exit, that gold is still outstanding and there is a reported effort to recover it.

     Factor in the Russian effort in Syria, which seems to be greasing the wheels of US foreign policy regarding Iraq, perhaps such gold finds it way into the CBI balance sheet before long.


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    • Post n°4

    Economist: central bank issued gold bullion to withdraw cash liquidity from the market Empty Re: Economist: central bank issued gold bullion to withdraw cash liquidity from the market

    Post by Stevethebrit Wed 14 Oct 2015, 8:54 am

    Thanks award, very informative.
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    lonelyintexas
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    • Post n°5

    Economist: central bank issued gold bullion to withdraw cash liquidity from the market Empty Re: Economist: central bank issued gold bullion to withdraw cash liquidity from the market

    Post by lonelyintexas Wed 14 Oct 2015, 9:06 am

    Thanks Ward,
    LIT
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    • Post n°6

    Economist: central bank issued gold bullion to withdraw cash liquidity from the market Empty Re: Economist: central bank issued gold bullion to withdraw cash liquidity from the market

    Post by Stevethebrit Wed 14 Oct 2015, 9:25 am

    Stevethebrit wrote:Thanks award, very informative.
    Er, Ward. Lol. Predictive text strikes again.
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    • Post n°7

    Economist: central bank issued gold bullion to withdraw cash liquidity from the market Empty Re: Economist: central bank issued gold bullion to withdraw cash liquidity from the market

    Post by weslin3 Wed 14 Oct 2015, 11:48 am

    bounce
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    • Post n°8

    Economist: central bank issued gold bullion to withdraw cash liquidity from the market Empty Re: Economist: central bank issued gold bullion to withdraw cash liquidity from the market

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