Gold and the Iraqi Dinar Revaluation Iraqi Central Bank Buys 36 Tons of Gold

[hozer]

In a move that surprised economists the world over, the Central Bank of Iraq purchased 36 tons of gold valued at some $1.52 billion this month “to help stabilize the Iraqi dinar against foreign currencies,” the bank explained.

That represents a larger amount of gold than most nations purchased in all of 2013, moving Iraq into 15th place in annual purchases on just that one purchase alone.

But anyone following the recent history of Iraq’s dinar is left scratching their head, as this month’s purchase more than doubled Iraq’s gold reserves from 27 tons to 63 tons for an increase of over 133 percent. Despite transacting the 15th largest annual gold purchase in the world, there was absolutely no move in the value of Iraq’s money – holding steady at approximately 1,165 dinars per USD, where it has been for more than two years and three months.

 

linky:

 

http://www.wealthdaily.com/articles/gold-and-the-iraqi-dinar-revaluation/5091

 

 

[moneysoon]

In a move that surprised economists the world over, the Central Bank of Iraq purchased 36 tons of gold valued at some $1.52 billion this month “to help stabilize the Iraqi dinar against foreign currencies,” the bank explained.

That represents a larger amount of gold than most nations purchased in all of 2013, moving Iraq into 15th place in annual purchases on just that one purchase alone.

But anyone following the recent history of Iraq’s dinar is left scratching their head, as this month’s purchase more than doubled Iraq’s gold reserves from 27 tons to 63 tons for an increase of over 133 percent. Despite transacting the 15th largest annual gold purchase in the world, there was absolutely no move in the value of Iraq’s money – holding steady at approximately 1,165 dinars per USD, where it has been for more than two years and three months.

 

linky:

 

http://www.wealthdaily.com/articles/gold-and-the-iraqi-dinar-revaluation/5091

 

 

Why are you posting old articles??????

Edited October 20, 2014 by moneysoon

[NeedRv]

Super old... 

[hozer]

It's not old to me!!!!

[NeedRv]

That article was done back on Wednesday, March 26th, 2014 

If you say its not old.... then guess to you it isn't. 

carry on   

[new york kevin]

Old maybe, but its good to review the subject matter before the big test. There has been a lot of depressing news as of late, reviewing this article keeps the spirits up if nothing else. Thanks

[moneysoon]

It's not old to me!!!!

 

Thanks, I needed a good laugh this morning. The other one you posted about getting out of the Dinar while we have time, is just plain comical.

Edited October 20, 2014 by moneysoon

[NeedRv]

Old maybe, but its good to review the subject matter before the big test. There has been a lot of depressing news as of late, reviewing this article keeps the spirits up if nothing else. Thanks

Huh,,,, what big test... Driving test??? Dinar test?? Reviewing this article just says that those spirits you speak of were already boosted up...... back in March.... we are now in October... there are more positive things coming out of Iraq other than how much gold they bought back in March..... 

......your welcome 

[rockfl9]

Old maybe, but its good to review the subject matter before the big test. There has been a lot of depressing news as of late, reviewing this article keeps the spirits up if nothing else. Thanks

Also need to bring back the old article that quotes 40T dinar in circulation and 88T dinar in liabilites. Additional cramming for the test.

[Happy Man]

It's not old to me!!!!

 

Following this pattern a new dinar holder could repost the entire site saying..... Its not old to me