Butifldrm Posted January 23, 2014 Report Share Posted January 23, 2014 (Press release) for the purpose of diversification means savings to the public and to provide large quantities of gold from the origins of sober sold to dealers in gold, investors and segments of society, wishing that the Iraqi dinar has decided the Board of Directors and in consultation with the Committee on Economic Affairs seeks a variety of alloys of pure gold 23/01/201 http://www.cbi.iq/?pid=Home〈=ar 5 Link to comment Share on other sites More sharing options...
SocalDinar Posted January 23, 2014 Report Share Posted January 23, 2014 Not quite sure why the CBI would want this. The Fed manipulates the price of Gold down when they see a rise in the price. They sure don't want people to have more faith in Real money than their paper notes. Anyone remember the spot price on Gold when the CBI bought those large amounts a year or two ago? Thanks Butifldrm 1 Link to comment Share on other sites More sharing options...
kennyc Posted January 23, 2014 Report Share Posted January 23, 2014 Could this be the CBI recognizing another source of backing for the IQD? Just throwin it out. I really don't have a clue. Link to comment Share on other sites More sharing options...
magawatt Posted January 23, 2014 Report Share Posted January 23, 2014 Maybe a method to pull in dinar? Link to comment Share on other sites More sharing options...
TBomb Posted January 23, 2014 Report Share Posted January 23, 2014 Central Bank decides "SEC gold bullion" to sell investors and segments of society 23/1/2014 Long-Presse / Baghdad Decided to CBI, on Thursday, "coined a variety of gold bullion" to sell gold to dealers, investors and segments of Iraqi society, as he emphasized that "this action represents Tools monetary policy of the Bank." According to a statement to the CBI received (range Press) a copy of it, he was "for the purpose of diversification means savings to the public and to provide large quantities of gold from Mnashye sober sold to dealers in gold, investors and society Bdinaralaraca decided the bank's board in consultation with the Committee on Economic Affairs seeks a variety of gold bullion ranging weights between (5 g and 1000 g). " The statement added that "the Bank began contracting procedures for gold bullion imported and then sold through the banking system," noting that "this action represents a monetary policy tools of the central bank." In the view of economists that the entry to the World Gold Iraq is a positive case for the revitalization of the gold market deal in Iraq, especially as the gold market was not affected by the Iraqi gold to enter the United Arab Emirates and Turkey. The Iraqi Central Bank revealed in (September 22, 2013) announced the arrival of its reserves of foreign currency and gold to about 80 billion dollars, while attributed to an increase in global oil prices, the reserve is expected to increase over the coming months. The International Monetary Fund, it was announced, in (the 23 of March 2013), the financial assets preventive in the Development Fund for Iraq rose in 2012 to 18 billion dollars, and cash reserves of the central bank's hard currency to $ 70 billion, attributing the increase to the "revenue oil unexpected. " Financial experts confirmed that Iraq's stockpiles of reserve funds have covered liquidity over the past years, calling for the government to adopt alternative ways to cover the deficit, including recourse to the application of the secondary market policies that have been agreed with the government. http://www.almadapress.com/ar/news/24857/%D8%A7%D9%84%D8%A8%D9%86%D9%83-%D8%A7%D9%84%D9%85%D8%B1%D9%83%D8%B2%D9%8A-%D9%8A%D9%82%D8%B1%D8%B1--%D8%B3%D9%83-%D8%B3%D8%A8%D8%A7%D8%A6%D9%83-%D8%B0%D9%87%D8%A8%D9%8A%D8%A9- Note: the MoF did not give approval to the CBI yet to sell the "currency" bonds we've been awaiting. This may be another method for the CBI to pull in dinars? http://dinarvets.com/forums/index.php?/topic/170595-central-bank-decides-sec-gold-bullion-to-sell-investors-and-segments-of-society/ Sorry Yota..missed your post on this prior to mine So I'm reading elsewhere that supposedly, the CBI doesn't need approval from the MoF to use this as a tool to pull in IQD 3 Link to comment Share on other sites More sharing options...
Off-the-grid Posted January 24, 2014 Report Share Posted January 24, 2014 This method of pulling in Dinar makes sense to me. Those with more cash may convert a fair persentage of it to gold. Then an RV will not benefit them as much as if they had kept their Dinar, and the outstanding quantity of IQD goes down pre-RV. Hopefully the corrupt GOI members and other officials will get greedy and buy a lot of gold so the CBI can RV without enriching the bastards so much! Peace and Prosperity Link to comment Share on other sites More sharing options...
Butifldrm Posted January 24, 2014 Author Report Share Posted January 24, 2014 This method of pulling in Dinar makes sense to me. Those with more cash may convert a fair persentage of it to gold. Then an RV will not benefit them as much as if they had kept their Dinar, and the outstanding quantity of IQD goes down pre-RV. Hopefully the corrupt GOI members and other officials will get greedy and buy a lot of gold so the CBI can RV without enriching the bastards so much! Peace and Prosperity Yea! That's the ticket! Link to comment Share on other sites More sharing options...
jeepguy Posted January 24, 2014 Report Share Posted January 24, 2014 now this article really ties the " post we saw , about the e-mail from the dinar buyer / seller , will trade dinar for gold " this really might move a lot of higher -- 000 `s notes off the markets , if a regular holder of dinar sells for gold, but I think the price of gold is still to high to off set the amount of dinar for gold --- as in gold is still 1600 an ounce , and for one ounce of gold is a lot of dinar , { 1600 dollars an ounce , not 1600 dinars an ounce ! so if I am correct it will take 1 million and a half to get an ounce of gold } think I will wait till the value of dinar is closer to the dollar value Link to comment Share on other sites More sharing options...
yota691 Posted January 24, 2014 Report Share Posted January 24, 2014 1 gram gold bar $40.14 2.5 gram gold bar $100.36 5 gram gold bar $200.73 10 gram gold bar $401.46 20 gram gold bar $802.93 50 gram gold bar $2007.33 100 gram gold bar $4014.66 1 kilogram (kg) gold bar $40146.63 one more... Gold Price per Gram in US Dollar Gram US Dollar US Dollar Gram 1 Gram = 40.13 USD 1 USD= 0.02492 Gram 2 Gram = 80.27 USD 2 USD= 0.04983 Gram 5 Gram = 200.67 USD 5 USD= 0.12458 Gram 10 Gram = 401.34 USD 10 USD= 0.24917 Gram 20 Gram = 802.68 USD 20 USD= 0.49833 Gram 25 Gram = 1003.34 USD25 USD= 0.62292 Gram 50 Gram = 2006.69 USD 50 USD= 1.24583 Gram 100 Gram = 4013.38 USD 100 USD= 2.49167 Gram 1000 Gram = 40133.78 USD 1000 USD= 24.91667 Gram Read more: http://dinarvets.com/forums/index.php?/topic/170595-central-bank-decides-sec-gold-bullion-to-sell-investors-and-segments-of-society/#ixzz2rJNOlgvN 4 Link to comment Share on other sites More sharing options...
jeepguy Posted January 24, 2014 Report Share Posted January 24, 2014 (edited) thanks for the break down yota , now what can we get for 1 gram cracker ? but even with your break down of the gram of gold , to re-sale gold back to dollar <------- is it still the 1165 per dinar after going through all the handling and paper work ? Edited January 24, 2014 by jeepguy Link to comment Share on other sites More sharing options...
yota691 Posted January 24, 2014 Report Share Posted January 24, 2014 (edited) thanks for the break down yota , now what can we get for 1 gram cracker ? but even with your break down of the gram of gold , to re-sale gold back to dollar <------- is it still the 1165 per dinar after going through all the handling and paper work ? From Butifldrm...Ok, the CBI during Shabibi's reign suggest the sale of Gold coins as a monetary tool. So I went back and searched for articles which gave a better explanation of how the sale of Gold Bullion would help the CBI and the people. The best article I have found so far was written by al-Alwani ( who was recently jailed and waiting trial under terrorism charges), and other economic experts. This article gives a good explanation of how the sell of Bullion will affect the economy. Expert: sale of gold coins through the central bank will raise the value of the dinar .. Parliamentary Economic Commission is seeking to activate the ATM project « on: September 05, 2012, 06:12:27 AM » BAGHDAD / Conference The head of the parliamentary Economic Committee Ahmed al-Alwani, said that his committee will address the relevant authorities in order to activate the project ATM in the country. Alwani said (of the Agency news) on Tuesday: that this project, which was scheduled to work it for years in order to facilitate the receipt of financial benefits to the citizen stopped for several reasons related to the reality of Iraq. He stated: The Committee plans to address those responsible for the activation of its work to achieve the aspirations of the banking sector in the construction of a sophisticated, surprising of «the absence of support previously experience». He said al-Alwani: that this experience worthwhile and support was supposed to keep up with developments experienced by the world, calling to benefit from the experiences of other countries in this aspect ». The ATM atm is one of the basics of modernism in the banking sector, and was scheduled to be circulated in Iraq since 2008. On the other hand stressed the economic expert Akram Abdel Aziz, to ask the Central Bank of the idea of selling gold coins in the banks on the citizens will contribute to raise the value of the Iraqi dinar against the U.S. dollar. Said Abdul Aziz (of the Agency news) on Tuesday: The sale of gold coins by the Central Bank The Iraqi banks will contribute to raising the value of the Iraqi dinar against the U.S. dollar by pulling the dinar from citizens who are buying gold and lack of display of the dinar in the Iraqi market contributes to increase the demand for the dinar and tight supply. added: Iraq, according to statistics the central bank has the ratio of up to ( 30) trillion Iraqi dinars block cash surplus led to oversupply and lack of demand and the devaluation of the Iraqi dinar against the U.S. dollar, indicating that the index liquidity monetary mass in Iraqi banks exceeded (51%) did not find their way to employ what I paid pressing toward raising the prices of goods and create a state of inflation Iraqi economic market. explained: The sale of gold coins will help to absorb inflation and the depreciation of the exchange rate of the U.S. dollar against the Iraqi dinar and reduces pressure on the price of goods in the Iraqi market. On the other hand, affirmed the decision of the Economic Commission MP / coalition of Kurdish blocs / Mahma Khalil, that all customs agreements concluded with Iran or the other will not work in Iraq because of the enactment of the tariff in the country, noting such agreements do not serve the national economy, but just doors propaganda more than be a professional. Iraq had signed a memorandum of understanding customs joint venture with Iran in the Conference of the Non-Aligned Movement held in Tehran with the participation of Iraq. Khalil said (of the Agency news) on Tuesday: that the federal government refuses to work tariff, which was enacted in Council Deputies year (2010), stressing there is a desire and seriousness by the Iraqi government not to deal law tariff new and stay to work on the old law in place since (1955)., and added that the memorandum of understanding customs agreement with the Iranian side will not serve the national economy as long as the Tariff Act Customs new has not been implemented so far, stressing can not be the continuation of old laws because every period of time different from that preceded every circumstance needs to appropriate laws to him. pointed out: that the national economy today differed greatly from what it was in the past or since the introduction of the Tariff Act Year (1955), pointing out that trade with either Iran or Turkey or Jordan increased significantly from the previous requires the application of the Tariff Act for the protection of the local product, Flaimkn a country like Iraq has the second largest economy in the region are no where legally tariff. http://translate.goo...hp?id=201213398 Read more: http://dinarvets.com/forums/index.php?/topic/170595-central-bank-decides-sec-gold-bullion-to-sell-investors-and-segments-of-society/#ixzz2rJOr5SJj Edited January 24, 2014 by yota691 1 Link to comment Share on other sites More sharing options...
moneysoon Posted January 24, 2014 Report Share Posted January 24, 2014 They are playing this gold for "all it is worth" pardon the pun. Gold, oil, and natural gas will make it a rate that can do marvelous things. 1 Link to comment Share on other sites More sharing options...
yota691 Posted January 24, 2014 Report Share Posted January 24, 2014 Central Bank decides "SEC gold bullion" to be sold on the segments of society BAGHDAD - Iraq Press -24 January: CBI decided, "coined a variety of gold bullion" to sell gold to dealers and investors segments of Iraqi society, as he emphasized that "this action represents one of the tools of monetary policy to the Bank." According to a statement to the CBI received / Iraq Press /, on Friday, a copy of it, he was "for the purpose of diversification means savings to the public and to provide large quantities of gold from Mnashye sober sold to dealers in gold, investors and society Bdinaralaraca, decided the bank's board in consultation with the Committee on Economic Affairs SEC selections of gold bullion weights ranging between (5 g and 1000 g). " The statement added that "the Bank began contracting procedures for gold bullion imported and then sold through the banking system," noting that "this action represents a monetary policy tools of the central bank." In the view of economists that the entry to the World Gold Iraq is a positive case for the revitalization of the gold market deal in Iraq, especially as the gold market was not affected by the Iraqi gold to enter the United Arab Emirates and Turkey. The Iraqi Central Bank revealed in (September 22, 2013) announced the arrival of its reserves of foreign currency and gold to about 80 billion dollars, while attributed to an increase in global oil prices, the reserve is expected to increase over the coming months. The International Monetary Fund, it was announced, in (the 23 of March 2013), the financial assets preventive in the Development Fund for Iraq rose in 2012 to 18 billion dollars, and cash reserves of the central bank's hard currency to $ 70 billion, attributing the increase to the "revenue oil unexpected. " Financial experts confirmed that Iraq's stockpiles of reserve funds have covered liquidity over the past years, calling for the government to adopt alternative ways to cover the deficit, including recourse to the application of the secondary market policies that have been agreed with the government. Q ended Read more: http://dinarvets.com/forums/index.php?/topic/170700-central-bank-decides-sec-gold-bullion-to-be-sold-on-the-segments-of-society/#ixzz2rKCrhLbj 1 Link to comment Share on other sites More sharing options...
Butifldrm Posted January 24, 2014 Author Report Share Posted January 24, 2014 I really like this statement yota. Teh secondary Financial experts confirmed that Iraq's stockpiles of reserve funds have covered liquidity over the past years, calling for the government to adopt alternative ways to cover the deficit, including recourse to the application of the secondary market policies that have been agreed with the government. Q ended Definition of a secondary market The secondary market, also called aftermarket, is the financial market in which previously issued financial instruments such as stock, bonds, options, and futures are bought and sold.[1] Another frequent usage of "secondary market" is to refer to loans which are sold by a mortgage bank to investors such as Fannie Mae and Freddie Mac. The term "secondary market" is also used to refer to the market for any used goods or assets, or an alternative use for an existing product or asset where the customer base is the second market (for example, corn has been traditionally used primarily for food production and feedstock, but a "second" or "third" market has developed for use in ethanol production). With primary issuances of securities or financial instruments, or the primary market, investors purchase these securities directly from issuers such as corporations issuing shares in an IPO or private placement, or directly from the federal government in the case of treasuries. After the initial issuance, investors can purchase from other investors in the secondary market. The secondary market for a variety of assets can vary from loans to stocks, from fragmented to centralized, and from illiquid to very liquid. The major stock exchanges are the most visible example of liquid secondary markets - in this case, for stocks of publicly traded companies. Exchanges such as the New York Stock Exchange, London Stock Exchange and Nasdaq provide a centralized, liquid secondary market for the investors who own stocks that trade on those exchanges. Most bonds and structured products trade “over the counter,” or by phoning the bond desk of one’s broker-dealer. Loans sometimes trade online using a Loan Exchange. http://en.wikipedia.org/wiki/Secondary_market 5 1 Link to comment Share on other sites More sharing options...
Zigs Posted January 24, 2014 Report Share Posted January 24, 2014 I do not know why you were negged buti but I evened you out. 2 Link to comment Share on other sites More sharing options...
yota691 Posted January 24, 2014 Report Share Posted January 24, 2014 add this...Central Bank plans to sell gold different weights for those wishing to purchase it from citizens Editor Safaa Abdel Hamid - Thursday January 23, 2014 Alsumaria News / Baghdad Central Bank announced on Thursday its intention to sell gold different weights for those wishing to purchase it from the citizens, pointing out that he began procedures contracted to import them and then sell them through the banking system. statement said the bank had received "Sumerian Enoz", a copy of it, he was " Governing Council decided in consultation with the Committee on Economic Affairs seeks a variety of alloys of pure gold weights ranging between (50 g and 1000 g) to sell to traders in gold, investors and segments of society, wishing the Iraqi dinar. " the bank said, "The bank's decision comes for the purpose of diversification means savings for the public, and the provision of amounts of gold from the origins of sober, "stressing that" the Bank began proceedings contracted to import them and then sell them through the banking system and that this procedure represents a monetary policy tools. " and the International Monetary Fund announced in December 2012 that Iraq has boosted its gold reserves to reach more of 31 tons, after that bought 23.9 tons of gold. was established Iraqi Central Bank as a bank independent under the 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 and being sessions daily for buying and selling currencies. sugr ended http://dinarvets.com/forums/index.php?/topic/170595-central-bank-decides-sec-gold-bullion-to-sell-investors-and-segments-of-society/ Link to comment Share on other sites More sharing options...
jeepguy Posted January 24, 2014 Report Share Posted January 24, 2014 o kay with this last post from the jedi dude yota , I think this is where the change in dinar might be ,, if you purchase amounts of gold with dinar , and go shopping , then you hand them large amounts of gold , the smaller would be the change ----- 20 and 50 amounts in value I would guess ! this would be only one way I could think of for the value of dinar to move in our direction we need ! thanks for all the information yota butrifldrm Link to comment Share on other sites More sharing options...
siberian_shaddow Posted January 24, 2014 Report Share Posted January 24, 2014 I Would think most Iraqi's that are trying to hang on to there dinar by keeping it under the mattress, Will exchange it for the gold coins, then it probably wouldn't take along time to take in a large amount of there dinar off the streets. That's what there trying to do here isn't it. Link to comment Share on other sites More sharing options...
yota691 Posted January 24, 2014 Report Share Posted January 24, 2014 (edited) The CBI will take any currency for trade...it's a Global thing..IMO to sell to traders in gold, investors and segments of society..purpose of diversification Edited January 24, 2014 by yota691 1 Link to comment Share on other sites More sharing options...
siberian_shaddow Posted January 24, 2014 Report Share Posted January 24, 2014 Thanks Yota, Go Rv 1 Link to comment Share on other sites More sharing options...
rockfl9 Posted January 24, 2014 Report Share Posted January 24, 2014 I read this it says that the CBI wants to IMPORT the gold bullion to SELL to Iraqis.... I have not found any evidence that Iraq has gold mines or has discovered any gold ore of economic quality. Link to comment Share on other sites More sharing options...
outlawclg Posted January 24, 2014 Report Share Posted January 24, 2014 I read this it says that the CBI wants to IMPORT the gold bullion to SELL to Iraqis.... I have not found any evidence that Iraq has gold mines or has discovered any gold ore of economic quality. Hey rock, I know it's crap cause I don't have a link, but there have been many articles that talk about Iraq having vast amounts of unmined gold. I would look but the baby just woke up. Bye 1 Link to comment Share on other sites More sharing options...
amhvl Posted January 24, 2014 Report Share Posted January 24, 2014 I read this it says that the CBI wants to IMPORT the gold bullion to SELL to Iraqis.... I have not found any evidence that Iraq has gold mines or has discovered any gold ore of economic quality. This should help... http://dinarvets.com/forums/index.php?/topic/105754-iraq-gold-rush-as-fog-of-war-lifts/ http://dinarvets.com/forums/index.php?/topic/154409-economist-central-bank-retain-large-quantities-of-gold-will-support-the-iraqi-economy/ http://dinarvets.com/forums/index.php?/topic/126279-iraqs-mineral-wealth/ There are more from where this came from... 4 Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted January 24, 2014 Report Share Posted January 24, 2014 gold is good 1 Link to comment Share on other sites More sharing options...
yota691 Posted January 25, 2014 Report Share Posted January 25, 2014 one more...CBI decides coined gold bullion Source: BAGHDAD - Iraq Ahmad Date: January 25, 2014 Decided to CBI, "coined a variety of gold bullion" to sell gold to dealers, investors and segments of Iraqi society, pointing out that "this action represents a monetary policy tools of the bank." The statement said the central bank was "for the purpose of diversification means savings to the public and to provide large quantities of gold from the origins of sober sold to dealers in gold, investors and segments of society in Iraqi dinars, decided the bank's board, in consultation with the Committee on Economic Affairs, SEC assortment of gold bullion ranging weights between (5 g and 1000 g ). " The statement added that "the Bank began contracting procedures for gold bullion imported and then sold through the banking system," noting that "this action represents one of the instruments of monetary policy of the central bank." In the view of economists that the entry to the World Gold Iraq is a positive case for the revitalization of the gold market deal in Iraq. The CBI, revealed in (September 22, 2013) announced the arrival of its reserves of foreign currency and gold to about 80 billion dollars, while attributed to an increase in global oil prices, is expected to increase the reserve in the coming months. Financial experts confirmed that Iraq's stockpiles of reserve funds have covered liquidity over the past years, calling for the government to adopt alternative ways to cover the deficit, including recourse to the application of the secondary market policies that have been agreed with the government. sugr ended Read more: http://dinarvets.com/forums/index.php?/topic/170755-cbi-decides-coined-gold-bullion/#ixzz2rN4Ym5SX Link to comment Share on other sites More sharing options...
Recommended Posts