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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.

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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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Proven
Rocky
6 posters

    It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars

    Rocky
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    • Post n°1

    It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars Empty It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars

    Post by Rocky Thu Jan 07, 2016 9:04 am

    [ltr]It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars[/ltr]

     Since 01/07/2016 At 15:35 (GMT Baghdad)
    [ltr][You must be registered and logged in to see this image.][/ltr]
    [ltr]BAGHDAD - scales News[/ltr]
    [ltr]Called on the Central Bank of Iraq, Thursday, banks to buy gold Meskukath, and while noting the arrival of specie 100 dinars category, stressed that the price of 720 000 dinars.[/ltr]
    [ltr]The bank said in a statement received / scales News / copy of it, that "in order to diversify the public savings and ensure that he receives the gold 24 carat has contracted with an international company Stamping 5000 specie souvenir gold", adding that "the coins are from 100 dinars weight category 15 g the occasion of the Eighty-fourth anniversary of the founding of the Iraqi PMA 1930, in addition to the 5000 class specie 250 dinars weight of 22 grams on the occasion of sixty-eighth anniversary of the founding of the Central Bank of Iraq in 1947 ".[/ltr]
    [ltr]The bank said it "received the first category of these coins that are weighing 15 grams," noting that he "will be put up for sale through banks, which will be determined by them."[/ltr]

    [ltr]The bank said, "it was determining the sale price of banks on the basis of cost and out of Baghdad International Airport plus administrative Downloads 1% of the cost to be the price per minted from this category by 720 000 dinars," .anthy 29/33 h[/ltr]


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    [/ltr]
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    Proven
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    • Post n°2

    It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars Empty Re: It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars

    Post by Proven Thu Jan 07, 2016 9:48 am

    Selling Gold pieces of 100 dinars.  A good sign.
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    sassy
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    • Post n°3

    It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars Empty Re: It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars

    Post by sassy Thu Jan 07, 2016 9:54 am

    Dance Nice to see this!   
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    mojosj
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    • Post n°4

    It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars Empty Re: It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars

    Post by mojosj Thu Jan 07, 2016 12:38 pm

    This is my first post so I hope I did it right.

    I may be off but this article caught my attention because it sounds like they are making gold coins worth 100 dinar and 250 dinar.

     

    I looked up gold value and a gram of 24K gold right now is $35.30 per gram

     

    If the 250 Dinar coin is 22 grams (per article) then you are looking at $35.30 x 22 grams = $776.60

    So each coin would be worth $776.60 per coin which would break down to $3.10 per 1 Dinar. 

    They can’t make a 250 Dinar coin worth 250 Dinar at the current rate it is impossible. You can’t even buy a spec of gold for 250 dinar at the current rate let alone 22 grams.

     

    Let me know thoughts on this one, because I may be off from what it is stating but this is what made sense to me on how I read it.
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    weslin3
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    • Post n°5

    It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars Empty Re: It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars

    Post by weslin3 Thu Jan 07, 2016 3:11 pm

    I like your comment mojosj! Sounds good... Now waiting on this to happen.. 8
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    CITEX
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    • Post n°6

    It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars Empty Re: It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars

    Post by CITEX Thu Jan 07, 2016 3:28 pm

    mojosj wrote:This is my first post so I hope I did it right.

    I may be off but this article caught my attention because it sounds like they are making gold coins worth 100 dinar and 250 dinar.

     

    I looked up gold value and a gram of 24K gold right now is $35.30 per gram

     

    If the 250 Dinar coin is 22 grams (per article) then you are looking at $35.30 x 22 grams = $776.60

    So each coin would be worth $776.60 per coin which would break down to $3.10 per 1 Dinar. 

    They can’t make a 250 Dinar coin worth 250 Dinar at the current rate it is impossible. You can’t even buy a spec of gold for 250 dinar at the current rate let alone 22 grams.

     

    Let me know thoughts on this one, because I may be off from what it is stating but this is what made sense to me on how I read it.


    I completely agree, I would also submit that there is no way the coin would contain as much gold as they would want to value it at.... I would think the rate should be higher to prevent them from having to constantly Mint new coins as the value of gold goes up to exceed the value of the coins. Or the value of the coin will go up and down with the price of gold.
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    CITEX
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    • Post n°7

    It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars Empty Re: It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars

    Post by CITEX Thu Jan 07, 2016 3:37 pm

    However if the rate doesn't change I would be happy to exchange 100 Dinar for 22 Grams of gold.... right now actually... :-)
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    weslin3
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    • Post n°8

    It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars Empty Re: It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars

    Post by weslin3 Fri Jan 08, 2016 7:52 am

    Me too CITEX. thumbs
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    • Post n°9

    It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars Empty Re: It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars

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