The stability of Iraq's reserves of gold

[yota691]

World gold reserves rise in February and the fifth Arab Iraq

 

Saturday February 4, 2017 10:12

 

 

 

Alsumaria News / Baghdad  It announced the World Gold Council , the Sabbath, from high world reserves of gold a month in February, pointing out that Iraq maintained a fifth of the Arab world 's reserves rank.   The Council stated in a statistical posted on his and seen Alsumaria News on them, that "the world's gold reserves rose for the month of February by 11 tons for the month of January to reach 33,259 tons, while the United States ranked first globally in terms of these reserves , which amounted to 8.133 0.5, followed by Germany with 3.377 tons. "       He said the Council, that "Iraq has maintained its 37th place globally out of 100 countries listed in the International Financial Statistics of global reserves of gold during the month of February of the year 2017 , " noting that "Iraq came fifth Arab rank after all of Saudi Arabia, Lebanon and Algeria and Libya ".   The council said that "Iraq's gold reserves are held constant which reported 89.8 tons, representing 7.0 of the rest of the other currencies," noting that "the last purchase of gold for Iraq was in the month of April 2014 where 15.16 tons bought."   The central bank decided in January 232,014 sic variety of alloys of pure gold ranging between weights (50 g and 1000 g) to sell to traders in gold, investors and segments of society wishing to do so in Iraqi dinars.

[yota691]

Last year article...

Iraq occupies the fifth place in the Arab world reserves of gold

 

   

Economy News / Baghdad ...

 

Iraq occupied Arab ranks fifth in its gold reserves over the report, which the World Gold Council issued for the month of March of this year, 2016.

 

She said the international financial statistics released by the World Gold Council for the current month of March that "Iraq is ranked fifth Arab ranks after Saudi Arabia, Lebanon, Algeria and Libya," pointing out that "the value of gold stood at 5.9% of Ahitattiyat Iraq of hard currency."

 

The statistics showed that "Iraq retains Baanaatyate of gold unchanged, which amounted to 89.8 tons," pointing out that "Iraq was ranked 37 globally out of 100 countries were included in these statistics."

 

The statistics confirmed that "the countries of the world's gold reserves amounted to 32,813 tons, while the United States ranked first globally in terms of these reserves, which amounted to 8.133.5, followed by Germany with 3.381 tons." 

 

The central bank bought in April 2014. The last quantities of gold, which amounted to 15.16 tonnes of gold bullion pure, indicating that the bullion purchased considered to be of very high purity and in accordance with international standards.

 

And established an independent Iraqi Central Bank as a bank under a law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies are being daily sessions for buying and selling currencies.

 

   Views 115   Added 16/03/2016 - 14:13   Last updated 03/17/2016 - 11:49   No. Content 2449

[yota691]

The stability of gold prices in Iraq when Al202 for two consecutive days

History of edits:: 02/04/2017 9:52 • 101 visits readable

[Where - Baghdad] 
Gold prices steadied in Iraq when Al202 thousand dinars for two consecutive days.

The price of gold the weight of a 21 - gauge Today, 202,695 dinars. 
It is the same price during trading yesterday. 
The weight of gold is equal to approximately five grams.

[jeepguy]

3 hours ago, yota691 said:

"Iraq has maintained its 37th place globally out of 100 countries listed in the International Financial Statistics of global reserves of gold

 

3 hours ago, yota691 said:

"Iraq is ranked fifth Arab ranks after Saudi Arabia, Lebanon, Algeria and Libya," pointing out that "the value of gold stood at 5.9% of Ahitattiyat Iraq of hard currency."

they are still growing , and  hope they do take the  lead  on  updating their currency values ! ----------->  ,     Economic academic Essam Mahouelle called in an interview to «life», noted that this year be the year to enhance the purchasing power of the dinar and the ability of «strengthens the confidence in the national currency, which represents the sovereignty of Iraq». He stressed the need to «restrict foreign business dealings only in dollars.»

And ways to raise the price of the dinar .........    I do think with the  trump deal ,  close borders ,  this  has too put a  greater need on the  dinar  in the market places in and around Iraq ,  if they can`t run too countries with border crossing problems , they have limited travel areas , { any one from these areas }  so they will stay at the better communities that have  very nice accommodations ,  and in this , they will need dinar notes ,  { or  keep using dollar  }  ....-----------.>  Expressed by staff and citizens in Kirkuk, on Friday, dismay turned over large sums of money "stale" class thousand dinars within the already overdue salaries, stressing that they are now in a quandary about how to dispose of this money being shunned by shops and petrol stations, while a local official confirmed the existence of "corruption" behind the subject. 

 

 

One of the employees said, and called Abdulla Khalid in an interview with Alsumaria's News, "The salaries which was distributed by the government banks on Kirkuk staff were mostly of one thousand dinars category and was torn and refrain lot of dealing in petrol stations as well as the shopkeepers in the markets of Kirkuk." 

    they do have the smart cards ,  but if electricity isn`t available at that  time of purchase or use ,  then it is back too what ever currency they hold !  ----- { just my opinion folks }  time too raise they value is now ,  they  will have the tourist , they will have the big loans , the jobs opening from the battle against, dash holes , and  too pay the workers is coming from the huge loans ,  so Iraq is winning  in all categories of being a country ... oil is on the rise , the budget is done ,  get that  h-c-l  business put too rest once and for all ...  get the  money out too the people who need it most  and  growth in Iraq will double , only makes cents ....    { even if they put a value of 10 cents too 20 cents , the central bank will make big money on the changing currency from tourist , to go toward the reserve currency vaults of central bank ! }  again just my opinion

 

[Boozer]

Oil, Gold, natural Gas , and still a currency worth 0 . First things first  Maliki on the end on a rope,, HCL,, article 8. WTO. RV... I'm Out... I can dream cant I

[EagleEye]

raise it....raise it ....RAISE IT ALREADY...and while you're at it "raise" Maliki and his ilk to the end of the yardarm on the end of a nice strong rope.....

 

the eagle has spoken...so let it be written so let it be done.....( oh ...actually I think that was Yul Brynner..) ....

[Officiallytook]

Exactly WTF time are you waiting for? 

[sandfly]

Thanks yota 

[DinarThug]

CNN. Broadcasting While Iraq Stands 2 Places Behind The Arab Podium In The Camel Stalls !

 

5/02/2017 (00:01 pm)   -   the number of readings: 64   -   thenumber (3844)

 

 

 

Iraq ranked fifth in the Arab world gold reserves

 Baghdad / term

World Gold Council , announced that Iraq maintained the Arab fifth of the world 's gold reserves rank. 

The Council stated in a statistical posted on his and followed up (range), that "the world's gold reserves rose for the month of February by 11 tons for the month of January for up to 33 thousand and 259 tons, while the United States ranked first globally in terms of these reserves , which amounted to 8.133 0.5, followed by Germany with 3.377 tons. " 

The council said that "Iraq has maintained its 37th place globally out of 100 countries listed in the International Financial Statistics of global reserves of gold during the month of February of the year 2017 , " noting that "Iraq came fifth Arab rank after all of Saudi Arabia, Lebanon, Algeria and Libya , " noting that "Iraq 's reserves of gold remained firm which reported 89.8 tons, representing 7.0 of the rest of the other currencies , " noting that " the last purchase of gold for Iraq was in the month of April 2014 where 15.16 tons bought." 

The central bank decided in January 232,014 sic variety of alloys of pure gold ranging between weights (50 g and 1000 g) to sell to traders in gold, investors and segments of society wishing to do so in Iraqi dinars.

http://almadapaper.net/ar/news.....24347/link

 

[siberian_shaddow]

Much appreciated Thugs,  ranked 5th in Arabs for gold reserves, so there good on that. what they need to do now is liberate Mosul, complete seated government, got more control on corruption, add some purchase power to the currency, focus on infrastructure, and farming.

[Boozer]

Until they curb Maliki and cbi gov.from taking it out the back door,it will stay the same. I think Mr Trump has told Adabi stand up and take control USA ant send you no mo money. This ant Obama,3 trillion and still in the toilet. 

[yota691]

World Gold Council announces rise in world gold reserves to February

By aq -

February 4, 2017
 

Treasures Media / Baghdad

World Gold Council said on Saturday, as high world gold reserves month of February, he said, adding that Iraq maintained a fifth of the Arab world's reserves rank.

The Council stated in statistics published on its website, that "the world's gold reserves rose for the month of February by 11 tons for the month of January for up to 33 thousand and 259 tons, while the United States ranked first globally in terms of these reserves, which amounted to 8.133.5, followed by Germany with 3.377 tons. "

He said the Council, that "Iraq has maintained its 37th place globally out of 100 countries listed in the International Financial Statistics of global reserves of gold during the month of February of this year," noting that "Iraq came fifth Arab rank after all of Saudi Arabia, Lebanon, Algeria and Libya."

He explained that "Iraq's reserves of gold remained firm which reported 89.8 tons, representing 7.0 of the rest of the other currencies," noting that "the last purchase of gold for Iraq was in the month of April 2014 where 15.16 tons bought."

And decided to CBI in January 232,014 sic variety of alloys of pure gold ranging between weights (50 g and 1000 g) to sell to traders in gold, investors and segments of society wishing to do so in Iraqi dinars.

[yota691]

The stability of Iraq's reserves of gold

 

 

Economy News / Baghdad ...       World Gold Council announced a rise in world reserves of gold a month in February, indicating that Iraq maintained a fifth of the Arab world's reserves rank. The World Gold Council is an international organization headquartered in London, along with six branches in New York, Mumbai, Shanghai, Beijing, Tokyo and Singapore. Council aims to develop the global gold industry market and works with global organizations to stimulate demand and the development of innovative uses of gold and take new products to market, and provides a comprehensive analysis of the Council to give decision-makers information about the gold demand factors. The council said the statistics published on its website yesterday that "Iraq has maintained its 37th place globally out of 100 countries listed in the International Financial Statistics of global reserves of gold during the month of February of the year 2017," noting that "Iraq came fifth Arab rank after Saudi Arabia and Lebanon, Algeria and Libya. " And that "Iraq's reserves of gold remained stable as recorded 89.8 tons, representing 7.0 of the rest of the other currencies," noting that "the last purchase of gold for Iraq was in the month of April 2014 where 15.16 tons bought." According to the Council, that "the world's gold reserves rose for the month of February by 11 tons for the month of January for up to 33 thousand and 259 tons, while the United States ranked first globally in terms of these reserves, which amounted to 8.133.5, followed by Germany with 3.377 tons." . The central bank decided in early 2014 coined a variety of alloys of pure gold ranging between weights (50 g and 1000 g) to sell to traders in gold, investors and segments of society wishing to do so in Iraqi dinars. And announced that, at the time, the direct contracting procedures for imported and then sold through the banking system, as this procedure is one of the monetary policy tools. Considered economic researcher verse just that Iraq intended by the central bank to stabilize the currency market, including gold at the local level, adding in an interview, he said that the monetary policy pursued by the central strengthen the monetary reserves of gold action is in the final outcome for the benefit of the national economy. She pointed out that the price of gold in Iraq is witnessing a kind of stability away from the rapid mutations or the sharp fall in prices, explaining that it comes because of the balance between supply and demand for the precious metal locally. The central bank adopts a strategy in the management of its gold reserves to achieve racial safety and security through the use of monetary policy tools to stabilize the dinar exchange rate against foreign currencies. The economic expert, Dr. appearance of Mohammed Saleh said earlier, that the citizen trust in absolute government transactions means he trusts the precious metal which items imported Central as a guaranteed standard specifications, as well as that of the global origins of what makes imported gold from the Central much better than that items imported gold dealers. He pointed out that this measure will double the chances of increasing credit (loans granted by banks to the citizens) the adoption of the gold coins good as collateral for the loan repayment terms will be reflected positively on improving the reality of living and the national economy in general.     mm
Views 36   Date Added 02/06/2017 - 11:01   Last updated 02/06/2017 - 15:09   No. Content 6659