yota691 Posted October 10, 2017 Report Share Posted October 10, 2017 A new mechanism to import gold and minerals through the ports of Baghdad and Najaf airports Readers A new mechanism to import gold and minerals through the ports of Baghdad and Najaf airports 10-10-2017 01:42 PM The Euphrates - Al-Furat news news that the Committee on Economic Affairs Ministerial chaired by Minister of Planning Salman Jumaili agreed on a new mechanism for the import of gold and other precious metals to achieve the public interest of the country and move the wheel of the national economy through the porters of Baghdad and Najaf International 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 10, 2017 Author Report Share Posted October 10, 2017 Baghdad 's continues punitive measures for Kurdistan and the importation of gold and precious metals through two airports Twilight News 50 minutes ago The ministerial economic affairs committee on Tuesday approved a new mechanism to import gold and precious metals through Baghdad and Najaf international airports. The committee is headed by the current Minister of Planning, Salman Jumaili. "The committee has agreed on a new mechanism to import gold and other precious metals to achieve the general interest of the country and move the wheel of the national economy through the ports of Baghdad and Najaf international airports," ministry spokesman Abdul-Zahra al-Hindawi said in a statement. A number of gold traders and designers organized on Sunday a large gathering in the big market demanding the central government to solve their problem, after they suffered heavy losses due to the interruption of the import of gold through the airports of Arbil and Sulaymaniyah. It is noteworthy that the federal government in Baghdad had imposed sanctions on the territory of Kurdistan after the referendum on independence on 25 of last September, including stopping international flights to airports Erbil and Sulaymaniyah, in addition to the imposition of sanctions on Kurdish banks and stop foreign currency transfers to the region. Keywords: 3 Quote Link to comment Share on other sites More sharing options...
billbill Posted October 10, 2017 Report Share Posted October 10, 2017 I thought they had their own supply of Gold and Minerals....why do they need to import them? 1 Quote Link to comment Share on other sites More sharing options...
skeetdog Posted October 10, 2017 Report Share Posted October 10, 2017 Thanks Yota...Kurdistan was warned and pleaded to stop the referendum process but they refused to lessen to where their actions were taking them...Kurdistan pushed the envelope too far and now are feeling the repercussions.... Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 10, 2017 Author Report Share Posted October 10, 2017 The plan agreed to import gold via Baghdad and Najaf airports instead of Arbil Economy News Baghdad: The ministerial economic affairs committee on Tuesday approved a new mechanism to import gold and precious metals through Baghdad and Najaf international airports. "The committee approved a new mechanism to import gold and other precious metals to achieve the general interest of the country and move the wheel of the national economy through the porters of Baghdad and Najaf international," said ministry spokesman Abdel-Zahra al-Hindawi in a press statement. A number of gold traders and designers organized on Sunday a large gathering in the big market demanding the central government to solve their problem, after they suffered heavy losses due to the interruption of the import of gold through the airports of Arbil and Sulaymaniyah. It is noteworthy that the federal government in Baghdad had imposed sanctions on the territory of Kurdistan after the referendum on independence on 25 of last September, including stopping international flights to airports Erbil and Sulaymaniyah, in addition to the imposition of sanctions on Kurdish banks and stop foreign currency transfers to the region. Views 43 Date Added 10/10/2017 4 Quote Link to comment Share on other sites More sharing options...
Big_J Posted October 10, 2017 Report Share Posted October 10, 2017 Thanks YOTA. 1 Quote Link to comment Share on other sites More sharing options...
Donziman Posted October 11, 2017 Report Share Posted October 11, 2017 Guess somebody figured out one of the ways the Barzani family has been stealing from the Kurdish people. Let's remember the import export business is overflowing with fake invoices. 1 Quote Link to comment Share on other sites More sharing options...
Butifldrm Posted October 11, 2017 Report Share Posted October 11, 2017 The Council of Ministers holds its regular session chaired by Prime Minister Dr. Haider Abadi October 10 , 2017 The Council of Ministers held its regular session on Tuesday 10 October under the chairmanship of the Prime Minister Dr. Haider Abadi. The Council was briefed on the military achievements of our heroine forces in the liberation of Hawija and its approach to the liberation of all Iraqi territory and the security of the border, as well as the needs of civilians and the return of displaced persons. The Council of Ministers continued the previous resolutions regarding the illegal referendum in the Kurdistan region.The vote on the fairness of the private industrial sector through the establishment of the Committee on Economic Affairs to prepare a study on the debt of the state and the private sector (individuals and companies), and how to address and make recommendations thereon to the Council of Ministers and the approval of the Ministry of Planning to wait for the implementation of the provisions for its benefit until receipt of the study Above. The council voted to protect local products, including suspended aerial wires. The financial budget for 2018, which was based on a significant reduction in expenditures, was also discussed.The Council of Ministers directed the Ministry of Finance to finance the Ministry of Education the amount allocated for the purposes of printing textbooks. The study was also directed to study the agricultural plan in the provinces where the crop was planted by the Ministries of Agriculture and Water Resources and the concerned provinces, provided that the study to the Council of Ministers next week. The Council of Ministers directed the study of the five-year plan for the youth sector to raise the level of reality for this important group in society. And approved the doubling of emergency allocations and the disbursement of 50 percent of the addition to the social protection network according to the supplementary budget law amended in 2017.The council voted on the recommendations of the gold and precious metals importation meeting and the anti-terror agency contracted the French firm Odense Armantix for training the project to control the borders and desert and western regions to combat terrorist groups and protect borders. Prime Minister 's Media Office 10 - Oct - 2017 1 Quote Link to comment Share on other sites More sharing options...
blueskyline Posted October 11, 2017 Report Share Posted October 11, 2017 Thanks Buti , Yota . Kurdistan has plans to launch their own currency. I imagine that's difficult to do if you don't have access to gold to help give your currency value and asset backing .........? And. Kurdistan will need some type of currency to continue their contracts with world investors .....? 3 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 16, 2017 Author Report Share Posted October 16, 2017 Iraq cancels import of gold through Kurdistan money and business Economy News Baghdad: The Iraqi government canceled the import of crude gold through the Kurdistan region, and decided to limit it through the airports of Baghdad International Airport and Najaf Ashraf. The documents issued by the Council of Ministers of Iraq, its decision to regulate the import of gold, and restricted to companies or persons who have a license to practice the profession of drafting by the standardization and quality control. The Council of Ministers specified the entry of imported gold by air freight only. The airports of Baghdad and Najaf were limited to the entry of imported cargo, up to a maximum of 1000 kg in the current import license for 6 months, and renewed for another six months at half the cost. The move comes as part of the measures taken by the federal government in Baghdad in response to the region's referendum on secession from Iraq and the crackdown on the country's land ports and airfields to dissuade him from proceeding with the decision to secede. Views 399 Date Added 10/16/2017 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 16, 2017 Author Report Share Posted October 16, 2017 Documents .. Cancel the import of gold across the region and siege in Baghdad and Najaf Release date: 2017/10/15 20:35 • 1046 times read (Baghdad: Al-Furat News) The federal government canceled the import of crude gold to Iraq through the Kurdistan region and restricted it by air through the airports of Baghdad and Najaf. According to the documents of the Council of Ministers decision on this October 10, the import of raw gold to be the importer of the company or a person who holds a license to practice the profession of formulation issued by the standardization and quality control, and defines the port of Baghdad airport and Najaf exclusively to enter the imported gold, Entry of imported gold by air freight exclusively. " The Cabinet also specified the amount of imported gold at a maximum of 1000 kg on import leave valid for six months and renewed by half the wages for another six months, and cancel the leave in violation of import controls and instructions. 2 Quote Link to comment Share on other sites More sharing options...
lupine49 Posted October 16, 2017 Report Share Posted October 16, 2017 On 10/10/2017 at 8:05 AM, billbill said: I thought they had their own supply of Gold and Minerals....why do they need to import them? Me too. I heard that it was a large deposit very near the surface. Why wouldn't they at least make a deal with a mining company if they lack the knowledge and equipment themselves. Quote Link to comment Share on other sites More sharing options...
yota691 Posted October 17, 2017 Author Report Share Posted October 17, 2017 In the document: Instructions of the Council of Ministers on the importation of raw gold and its entry and exit controls economy 20:35 - 15 October Last updated 21:07 - 15 October 1507 Watch BAGHDAD / Al-Ghad Press , on Sunday, received a 5-page document on the controls on the introduction and extraction and import of crude gold, according to the recommendations of the Ministry of Planning, after the Cabinet meeting, in October, where the approval of the Council got Recommendations contained in the memorandum of the Office of the Adviser to the Prime Minister for Economic Affairs No. 258.The document signed by the Secretary-General of the Council of Ministers, Mehdi Al-Alaq, stated that "the importer of gold shall be a company or person who holds a license to practice the profession of drafting issued by the standardization and quality control apparatus, and defines the executors of Baghdad and Najaf airports exclusively for the entry of imported gold." "The entry of imported gold is by air freight only, and is limited to a maximum of 1,000 kg on import leave valid for six months and renewed by half the wages for another six months and cancel the import license in the case of the importer's violation of import controls and instructions.""To allow the renewal of the profession of drafting without tax liability for one year starting from the support of the Tax Department to review the owner of the leave for the purposes of the settlement, and ends on 31/12/2018, for the purpose of settling the situation of tax importers," noting that "the Ministry of Planning / And the quality control, by opening branches at the airports of Baghdad and Najaf, take the procedure of testing gold devices and modern laser mechanization. The value of the tax secretaries will be 50 thousand dinars per kilogram, according to the relevant formula, and the examination fees for quantities of imported gold will be 50 thousand dinars only per kilogram, to be met by the standardization and quality control, and the amount of 50 thousand dinars Only per kilogram of imported gold when issuing import licenses for export support purposes. "According to the document, "Gold jewelery for the purpose of imported gold is collected in the amount of only 150 thousand dinars tax guarantees for each kilogram, according to the corresponding tax formula, and 250 thousand dinars customs fees for each kilogram one, and the amount of 50 thousand dinars examination fees jewelry, And the amount of 50 thousand dinars per kilogram of imported gold when issuing import licenses for export support purposes. " The document states that "the Ministry of Planning / Standardization and Quality Control Authority shall adopt specific features for the gold suppliers to Iraq, with minutes subject to the approval of the Minister of Planning. The approved gold suppliers undertake to bear the value of the gold that is not in conformity with the gold mark.""The importer must provide the import license with the quantity of gold to be imported, as well as submit the purchase invoice without the need of the certificate of origin as a condition for the import of gold, and also identify those officially authorized to receive the quantities of imported gold." The document stressed that "the person wishing to remake gold outside Iraq - an Iraqi or Iraqi company - is licensed to practice the profession of formulation issued by the standardization and quality control, and defines the executors of airports Baghdad and Najaf to take out gold for the purposes of recycling. And stressed that "the statement that he has already entered the amount of gold to Iraq with a letter of support issued by the Central Organization for Standardization and Quality Control, and the amount to be taken for the purposes of recycling not more than 50 percent of the amount already entered, and to submit a sealed bill of Company or authorized person, specifying the quality and value of the gold to be exported to the standardization and quality control device."The Ministry of Planning / Standardization and Quality Control Authority shall provide the company or the person authorized to issue the gold with a letter to the customs and airport police specifying the name of the gold holder and the quantity to be exported with a copy of his passport for the purpose of allowing the removal of gold for transport purposes inside Iraq, Thousand dinars per kilogram for purposes of standardization and quality control. " And stressed the "collection of an amount not more than thousands of dinars per kilogram of gold, for the fees of technical services imposed by the powers of the Minister of Planning, under the article of the Federal Budget Law for the financial year 2017, and the Board of advisers to report after a period of three months to apply this The decision to the Committee on Economic Affairs on the process of importing gold and other precious metals and the problems and obstacles faced. 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted November 12, 2017 Author Report Share Posted November 12, 2017 6 tons of gold intervened monthly through the airports of Baghdad and Najaf 12/11/2017 12:00 am The organization has achieved new financial revenues for the Iraqi Treasury Baghdad / Hussein Thugb A financial adviser stressed the importance of the decision of the Council of Ministers to allow the introduction of gold through the airports of Baghdad and Najaf, and the role in supporting the federal budget of the new revenue through customs taxes and customs accepted by all parties. Financial Advisor to the Prime Minister Dr. The appearance of Mohammed Saleh said: "The adoption of a new mechanism for the entry of gold to the local markets through the airports of Baghdad and Najaf bears the benefit and magnifies national wealth and protects the market of unmarked gold and unidentified, as well as the collection of customs tariff rights, an important sovereign revenue. Mineral Resources said the "morning" that " the flow of gold inside represents the exchange of assets of monetary wealth with assets of mineral wealth and precious, and this requires the control of the movement of gold , and make sure the quality of real gold and Aaarath, and this measure will enable the Central Agency for quality control of gold examination of pure And the conduct of marking operations and the issuance of certificates of marking in order to preserve the national wealth, as well as the customs tariff and apply uniformly through the two ports mentioned. Transport risks "The entry of gold through the airports of Baghdad and Najaf holds a lot of pros for all workers in this field, where the delivery of gold to the local market with a high flow away from the transport risks that were accompanying this process from Erbil to Baghdad and the provinces" . The gold was entering Iraq through the gate of Erbil airport where the fees and taxes were specific and suited to the wishes of the workers in this area, but the great suffering due to the transfer of large quantities to Baghdad and the provinces, which leads to raise the cost. Al-Khafaji pointed out that "the meetings of the private sector on this matter with the Commission advisers resulted in the approval of the entry of gold through the airports of Baghdad and Najaf and regulate the entry process and all joints according to mechanisms to benefit the gold traders and the economy of the country." Fees Rates Between "the new list of prices of fees of different sets of 250 thousand dinars per kilogram of gold after it was 1800 dollars, and 150 thousand dinars tax instead of 1200 dollars and 50 thousand dinars fee marking instead of 200 dollars," confirming that "these prices the outcome of intensive meetings between Private sector, consultants, tax and customs authority, and the Central Organization for Standardization and Quality Control ". Seventy percent of Dubai's gold traders are Iraqis, and 80 percent are in Istanbul. "The importance of working to create the appropriate climate to make these traders return to work in Iraq, and return the country to be a gold bourse in the region as before when he was supplying the regional markets with the types of yellow metal." Iraq's need Al-Khafaji said that "the quantities of gold that enter through the airports of Baghdad and Najaf range between 5-6 tons, 2 tons of which cover the need of Baghdad and the provinces of Iraq and the other quantity, issued to the regional countries," noting that "duties, taxes and tag achieve funds to the treasury of countries estimated (500) million dollars a month. " He added that "cooperation between the Prime Minister and the private sector has yielded positive results for all, and now saves time and effort and high flow in the arrival of quantities of gold safely to various cities." Al-Khafaji pointed out that "the reality of the gold market will see a development after there is a great cooperation between the government and the private sector market, especially that the acquisition of gold is important for a large segment of Iraqis, which requires that this market is renewed and follow the market International ".He pointed out that "the future of the gold market in the growth and needs to be more imports to the country or to markets that pass through Iraq, and with all the money that brings new amounts to the treasury of the state." 2 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted November 12, 2017 Report Share Posted November 12, 2017 (edited) CNN. Broadcasting During The Iraqi Gold Rush ! http://www.almaalomah.com/2017.....12/254009/ Iraqis represent 70 to 80% of gold traders in Dubai and Istanbul 09:37 - 12/11/2017 The Iraqi newspaper Al-Sabah said on Sunday that Iraqis represent 70 to 80 percent of gold traders in the two cities of Dubai and the Turkish city of Istanbul, noting that six tons of gold entered daily through the airports of Baghdad and Najaf. "Seventy per cent of the gold traders in Dubai are Iraqis, and 80 per cent are in Istanbul," the newspaper Al-Sabah said in a report read by Al-Maaloumah. She added that "the quantities of gold entering through the airports of Baghdad and Najaf range between 5-6 tons, 2 tons of which cover the need of Baghdad and the provinces of Iraq and the other quantity, is exported to regional countries," noting that "duties, 500) million dollars a month. " She explained that "the reality of the gold market will see a development after there is a great cooperation between the government and the private sector market, especially that the acquisition of gold is important for a large segment of Iraqis, which requires that this market is renewed and follow the international market witnessed" . Edited November 12, 2017 by DinarThug 3 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted November 12, 2017 Report Share Posted November 12, 2017 6 tons of gold intervened monthly through the airports of Baghdad and Najaf 12/11/2017 12:00 am The organization has achieved new financial revenues for the Treasury of Iraq Baghdad / Hussein Thugb A financial adviser stressed the importance of the decision of the Council of Ministers to allow the introduction of gold through the airports of Baghdad and Najaf, and the role in supporting the federal budget of the new revenue through customs taxes and customs accepted by all parties. Financial Advisor to the Prime Minister Dr. The appearance of Mohammed Saleh said: "The adoption of a new mechanism for the entry of gold to the local markets through the airports of Baghdad and Najaf bears the benefit and magnifies national wealth and protects the market of unmarked gold and unidentified, as well as the collection of customs tariff rights, an important sovereign revenue. Mineral wealth "The flow of gold into the interior represents the exchange of assets from the cash wealth with precious mineral resources, which requires controlling the movement of gold and ensuring the quality of gold and its real awareness. This measure will enable the central control of quality to inspect the pure gold and gold And the conduct of marking and issuance of certificates of marking in order to preserve the national wealth, as well as the tariff and applied uniformly through the two ports mentioned. Transport risks "The entry of gold through the airports of Baghdad and Najaf holds a lot of pros for all workers in this field, where the delivery of gold to the local market with a high flow away from the transport risks that were accompanying this process from Erbil to Baghdad and the provinces" . The gold entered Iraq through the gate of Erbil airport where the fees and taxes are specific and suited to the wishes of workers in this area, but the great suffering due to the transfer of large quantities to Baghdad and the provinces, which leads to the lifting the cost . Al-Khafaji pointed out that "the meetings of the private sector on this matter with the Commission advisers resulted in the approval of the entry of gold through the airports of Baghdad and Najaf and regulate the entry process and all joints according to mechanisms to benefit the gold traders and the economy of the country." Fees Rates Between "the new list of prices of fees of different sets of 250 thousand dinars per kilogram of gold after it was 1800 dollars, and 150 thousand dinars tax instead of 1200 dollars and 50 thousand dinars fee marking instead of 200 dollars," confirming that "these prices the outcome of intensive meetings between Private sector, consultants, tax and customs authority, and the Central Organization for Standardization and Quality Control ".Seventy percent of Dubai's gold traders are Iraqis, and 80 percent are in Istanbul. "The importance of working to create the appropriate climate to make these traders return to work in Iraq, and return the country to be a gold bourse in the region as before when he was supplying the regional markets with the types of yellow metal." Iraq's need Al-Khafaji said that "the quantities of gold that enter through the airports of Baghdad and Najaf range between 5-6 tons, 2 tons of which cover the need of Baghdad and the provinces of Iraq and the other quantity, issued to the regional countries," noting that "duties, taxes and tag achieve funds to the treasury of countries estimated (500) million dollars a month. " He added that "cooperation between the Prime Minister and the private sector has yielded positive results for all, and now saves time and effort and high flow in the arrival of quantities of gold safely to various cities." Al-Khafaji pointed out that "the reality of the gold market will see a development after there is a great cooperation between the government and the private sector market, especially that the acquisition of gold is important for a large segment of Iraqis, which requires that this market is renewed and follow the market International ". He pointed out that "the future of the gold market in the growth and needs to be more imports to the country or to markets that pass through Iraq, and with all the money that this brings new amounts to the treasury Country" 4 Quote Link to comment Share on other sites More sharing options...
magawatt Posted November 12, 2017 Report Share Posted November 12, 2017 Is this Iraqi mined gold? Quote Link to comment Share on other sites More sharing options...
newbieDA Posted November 12, 2017 Report Share Posted November 12, 2017 This is fascinating because its all physical gold and not paper gold. Once the paper market disconnects from the physical market, physical gold will go way up. 1 Quote Link to comment Share on other sites More sharing options...
Donziman Posted November 13, 2017 Report Share Posted November 13, 2017 seems like this could be an easy way to collect up a lot of the three zero notes. 1 Quote Link to comment Share on other sites More sharing options...
newbieDA Posted November 13, 2017 Report Share Posted November 13, 2017 (edited) 4 minutes ago, Donziman said: seems like this could be an easy way to collect up a lot of the three zero notes. That is when they purchase in IQD and also from the CBI only I think? Edited November 13, 2017 by newbieDA 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted December 3, 2017 Author Report Share Posted December 3, 2017 Importing gold and jewels through the airports of Baghdad and Najaf From 2017-12-03 at 14:07 (Baghdad time) Baghdad Mawazine News The Ministry of Planning announced that the import of gold has been limited through the airports of Baghdad and Najaf and the opening of an office at Baghdad airport to inspect the imported gold jewelry "The Central Agency for Standardization and Quality Control is opening its first office at Baghdad International Airport to inspect the imported jewelry in implementation of the decision of the Council of Ministers to restrict the importation through the airports of Baghdad and Najaf," Ministry of Planning spokesman Abdul-Zahra al-Hindawi told Mawazine News. A five-page document explained the controls on the introduction, removal and import of rough gold, as recommended by the Ministry of Planning. The document signed by the Secretary-General of the Council of Ministers, Mehdi Al-Alaq, stated that "the importer of gold shall be a company or person who holds a license to practice the profession of drafting issued by the standardization and quality control apparatus, and defines the executors of Baghdad and Najaf airports exclusively for the entry of imported gold." "The entry of imported gold is by air freight only, and is limited to a maximum of 1,000 kg on import leave valid for six months and renewed by half the wages for another six months and cancel the import license in the case of the importer's violation of import controls and instructions." "To allow the renewal of the profession of drafting without tax liability for one year starting from the support of the Tax Department to review the owner of the leave for the purposes of the settlement, and ends on 31/12/2018, for the purpose of settling the situation of tax importers," noting that "the Ministry of Planning / And the quality control, by opening branches at the airports of Baghdad and Najaf, take the procedure of testing gold devices and modern laser mechanization. The value of the tax secretaries will be 50 thousand dinars per kilogram, according to the relevant formula, and the examination fees for quantities of imported gold will be 50 thousand dinars only per kilogram, to be met by the standardization and quality control, and the amount of 50 thousand dinars Only per kilogram of imported gold when issuing import licenses for export support purposes. " According to the document, "Gold jewelery for the purpose of imported gold is collected in the amount of only 150 thousand dinars tax guarantees for each kilogram, according to the corresponding tax formula, and 250 thousand dinars customs fees for each kilogram one, and the amount of 50 thousand dinars examination fees jewelry, And the amount of 50 thousand dinars per kilogram of imported gold when issuing import licenses for export support purposes. " "The importer should provide the import license with the quantity of gold to be imported, as well as submit the purchase invoice without the need of the certificate of origin as a condition for the import of gold, as well as the identification of officially authorized to receive the quantities of imported gold." The document stressed that "the person wishing to remake gold outside Iraq - an Iraqi or Iraqi company - is licensed to practice the profession of formulation issued by the standardization and quality control, and defines the executors of airports Baghdad and Najaf to take out gold for the purposes of recycling. And stressed that "the statement that he has already entered the amount of gold to Iraq with a letter of support issued by the Central Organization for Standardization and Quality Control, and the amount to be taken for the purposes of recycling not more than 50 percent of the amount already entered, and to submit a sealed bill of Company or authorized person, specifying the quality and value of the gold to be exported to the standardization and quality control device. "The Ministry of Planning / Standardization and Quality Control Authority shall provide the company or the person authorized to issue the gold with a letter to the customs and airport police specifying the name of the gold holder and the quantity to be exported with a copy of his passport for the purpose of allowing the removal of gold for transport purposes inside Iraq, Thousand dinars per kilogram for purposes of standardization and quality control. " And stressed the "collection of an amount not more than thousands of dinars per kilogram of gold, for the fees of technical services imposed by the powers of the Minister of Planning, under the article of the Federal Budget Law for the financial year 2017, and the Board of advisers to report after a period of three months to apply this Decision to the Committee on Economic Affairs on the progress of the importation of gold and other precious metals and the problems and obstacles they face. " 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted December 6, 2017 Author Report Share Posted December 6, 2017 Standardization and quality control sets conditions for the recycling of gold outside Iraq Wednesday, December 6 Alsumaria News / Baghdad announced that the Central Bureau of quality control measures, Wednesday, about the conditions put in place to re - manufacturing gold outside of Iraq , noting that among the conditions is to meet the amount of 50 thousand dinars for each kilogram of gold. In a statement received by Alsumaria News, the agency said that "based on the decision of the Council of Ministers No. 335 last October regarding the regulations for the recycling of gold outside Iraq, conditions have been set for that." "These conditions require the submission of a request by the person wishing to re-industrialization to the Central Organization for Standardization and Quality Control, in which he shall record the number of the profession and the quantity to be taken out with the jewelry to be re-manufactured to the device for the purpose of testing and caliber and weight." He added that "other conditions are that the Central Organ / Department of Marking jewellry provide the company or person authorized official letter addressed to the Directorate of Kirkuk and airport police determine the name of the gold holder and the amount of gold to be taken out and caliber," noting that "must provide a letter of guarantee at least The amount of the amount of gold to be released and be valid for at least two months, the letter of guarantee shall be confiscated in case the gold not to be imported within the period of permeability of the letter."The other conditions require the payment of 50 thousand dinars for every kilogram of gold based on the resolution No. 335 in October 2017." A number of economists have warned of the smuggling of large amounts of Iraqi gold abroad, pointing out that the expansion of this phenomenon will cause damage to the economy of the country by increasing the price in local markets. 1 2 Quote Link to comment Share on other sites More sharing options...
bkeiller Posted December 6, 2017 Report Share Posted December 6, 2017 I'll pay 60,000 dinar for a kilo of gold. .. .😂😂😂 Quote Link to comment Share on other sites More sharing options...
Synopsis Posted December 6, 2017 Report Share Posted December 6, 2017 1 hour ago, bkeiller said: I'll pay 60,000 dinar for a kilo of gold. .. .😂😂😂 I couldn't decipher from the article if the 50,000 dinars was in reference to an import/export tax or if the value of the gold is 50,000 IQD/kilogram. So, a little math: For the import/export tax case: 50,000 IQD / kilogram / (1,184 IQD/USD) = 42.23 USD / kilogram sounds reasonable For the gold value case: 1 kilogram / (0.453593 kilograms / lb) x 7,000 grains / lb / (480 grains / Troy Oz.) x 1,263.815 USD / Troy Oz. = 40,632.54 USD Soooooooo.................... 40,632.54 USD / 50,000 IQD = 0.812651 USD / 1 IQD or 1.230541 IQD = 1 USD Gold Price from www.ino.com: http://www.ino.com/ WOWZERS!!!!!!!!!!!!!!!!!! DO WE HAVE AN IQD REVALUE OR WHAT???!!! Nah. I think this is just an import/export tax or somethin' per kilogram. Sorry, just a lil' fun here while I burn off some IQD revalue wait anxiety???!!! The Best Of Your Evening To You All DV!!! Go Moola Nova! 1 1 4 Quote Link to comment Share on other sites More sharing options...
newbieDA Posted December 6, 2017 Report Share Posted December 6, 2017 2 minutes ago, Synopsis said: Sorry, just a lil' fun here while I burn off some IQD revalue wait anxiety???!!! 1 Quote Link to comment Share on other sites More sharing options...
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