Official: Dinar to Soon Return to What It Was Before 1980

[ReVbo]

Official: declining reserves of the Central Bank of gold does not affect the rate of the dinar

02/02/2013 11:45:00

BAGHDAD / Nina / The head of the Department of Banking and Finance Ministry Hilal Taan diminishing quantities of central bank reserves of gold does not affect the price of the local currency.

He said in a statement to the National Iraqi News / Nina / today: "The basket cash reserve covering currencies do not include the gold only, but depend on the dollar and the pound sterling and the euro, in addition to gold bullion."

He said: "The Iraqi dinar has been a week before the beginning of the deal by one of the sites of the U.S. because of the high currency reserves to more than $ 67 billion is evidence that the Iraqi currency backed by a strong balance can not be influenced by declining gold bullion."

He pointed out that "the dinar traded in global financial directory sites on the recovery of the currency and that there is a future for the Iraqi dinar and would soon return to what it was before 1980 because of the global demand in the global financial markets."

The Iraqi Central Bank denied reports by the media about the low reserves of gold, stressing that it saw stable over the past several months.

He said in a statement yesterday he was "no truth to the news reported by some media on the low bank reserves of gold," stressing that the reserves now total 29.790 tons.

The International Monetary Fund (IMF) revealed in a report last week, said Iraq cut its gold reserves by a quarter to reach 29.9 tonnes in November 2012, pointing out that the reserves in September and October of last year reached 39.4 tons. / Finished 5

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[TQueezy]

♪ ♫ Float on ♫ ♪

[DinarThug]

:D

[easyrider]

good, do it!!!

[Neapolitan]

It was $3.39 in 1980. I could live with that!!

[Alex38]

shazaam!!!!

[ReVbo]

♪ ♫ Float on ♫ ♪

Forgot to mention in the OP, thanks to Admin_Bob of DA for the original link.

Edited February 3, 2013 by ReVbo

[dmdebar]

Bring it on!! Its my birthday month and I need to pay for the Band

[SINGH]

But I read that dredful word.........................soon!

And we all know that means.

[staunch]

Love that song!

[easyrider]

But I read that dredful word.........................soon!

And we all know that means.

my new license plate will say "SOON"

[ReVbo]

my new license plate will say "SOON"

Except, now, it will be the answer to, "When does you new boat get delivered?" or "When were we going to Tahiti, again, honey? The maid wants to know;" or "Are you done with your Oxford application yet, Sweetheart?"

Edited February 3, 2013 by ReVbo

[easyrider]

Except, now, it will be the answer to, "When does you new boat get delivered?" or "When were we going to Tahiti, again, honey? The maid wants to know;" or "Are you done with your Oxford application yet, Sweetheart?"

Except, now, it will be the answer to, "When does you new boat get delivered?" or "When were we going to Tahiti, again, honey? The maid wants to know;" or "Are you done with your Oxford application yet, Sweetheart?"

[FXStockpiling]

:bump:/> BUMP THAT UP! :bump:/>

[leanonme]

Oh what the heck. It's super bowl Sunday. Let's say right after the game!

[Boozer]

I have heard from my peps who have peps that know peps that are GURUS and they say tomorrow Monday 02/04/2013 is the day ..Its all RUMOR ...SOON is the word of the Day..:hug:src="http://dinarvets.com/forums/public/style_emoticons/default/emot-hug.gif">

[tommy17]

my new license plate will say "SOON"

I'd hate to lend money to an iraq citzen and they tell me i'all pay you back soon.

[cheevo]

Keep,,,u gotta like this article right??

[Captjohn]

I have heard from my peps who have peps that know peps that are GURUS and they say tomorrow Monday 02/04/2013 is the day ..Its all RUMOR ...SOON is the word of the Day..:hug:src="http://dinarvets.com/forums/public/style_emoticons/default/emot-hug.gif">

In the land of the gurus every day is Monday.....and every RV is coming soon, for sure...until it ain't.

[Tirebiter]

Can this get any more confusing? This dude says "diminishing quantities of central bank reserves of gold does not affect the price of the local currency". Yet we have another article discussing how Iraq just imported $3T in gold.

[SWFloridaGuy]

Thanks ReVbo, good tune also. The Lopsters are awfully quiet.

[fastang1111]

News like this takes me back to spring of 2011. Thanks for the post.

[NoviceInvestor]

"Soon" or was that meant to be and "So On" we go another day another article ..

[sxsess]

It was $3.39 in 1980. I could live with that!! B)/>

If it came in that high I would be a wanted man!!

[tommy17]

Thanks ReVbo, good tune also. The Lopsters are awfully quiet.

They're too busy buying more dinar.