CBI decides coined gold bullion

[yota691]

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

[pbtr]

Great Article! So if they are minting gold... Why would you mint coins worth a value of 1166 to 1 USD?

 

Go RV!!!

[mr john]

Just bullion coins. Most countries mint them, but the stamped face value means nothing. They will be worth their weight at gold spot value.

[moneysoon]

This is beginning to happen fast and furious. There is so much happening at once.

[Nelson0528]

Selling Gold fir IQD?... Gonna bring it in while the IQD has a devalued price, and  then raise the value of the currency; after they pull them in and reduce the number of IQD in the marketplace?... Gold greed would likely facilitate a plan like this... Curious!...  

Edited January 25, 2014 by Nelson0528