Central Bank buys 36 tons of high-purity gold bullion

[yota691]

 

03/24/2014 12:31

Central Bank buys 36 tons of high-purity gold bullion

 

 

BAGHDAD / obelisk: Central Bank of Iraq, on Monday, to buy 36 tons of high-purity gold bullion.

Said a statement obtained by "obelisk", a copy of "Alasttratejah as part of the central bank in managing the reserves of the vessels, to achieve an element of safety and safety in order to use the tools of monetary policy to stabilize the exchange rate of the dinar against foreign currencies Iraq."

The statement noted that "the Bank has purchased large quantities of gold bullion with a very high purity and in accordance with the approved international standards", noting that "the quantity amounted to almost 36 tons during the month of March to achieve the above objective."

 

[yota691]

Central Bank buys 36 tons of high-purity gold bullion

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24-03-2014 01:12 PM

 

 

Baghdad (news) .. announced the Central Bank of Iraq, for, buy 36 tons of gold ingots of high purity. statement said the bank received the Agency (news) copy of it: that under Alasttratejah followed by the central bank in managing the reserves of the vessels, to achieve an element of safety and safety in order to use the tools of monetary policy to stabilize the exchange rate of the dinar Iraq against foreign currencies. statement noted that the Bank has purchased large quantities of gold bullion with purity is very high according to the international standards adopted, noting that 'quantity reached 36 tons, roughly during the month of March to achieve the goal mentioned above. . / End / b. PVC /

[sandfly]

THANKS THEY CAN SEND SOME TO ME

[gregp]

That's a power move. Dumping the dollar, before the dollar crashes. Having the US dollar as your reserve, is probably a loosing bet. Iraq is really thinking.

[Elixirbaby]

But who sells 36 tons of gold

[vomer]

Maybe those gold bars are really full of milk chocolate   

[yota691]

 

Central Bank boosts reserves of gold

 

      Monday   24   March   2014 | 14:43

 

 

 

 

 

This amount of gold purchased in the form of alloys with high purity weighing 7 kilograms per one

 

 

 

Announced the central bank, to buy 36 tons of pure gold to raise its backup, in order to achieve the highest stages of the financial integrity of Iraq in the world, as well as using his position to stabilize the Iraqi dinar against foreign currencies

He said the central bank governor proxy Abdel Basset Turki told a news conference that "this action falls within the powers of the Bank in strengthening the financial capacity of the country and increase the elements of security and insurance reserves."

Turki said that "this amount of gold purchased in the form of alloys with high purity weighing 7 kilograms for each one."

7kg = 15lb 6.9178oz

 

 

[skeetdog]

Thanks Yota...It comes in the front door and Maliki will takes it out the back door...next we'll hear another dishonest inside move where they can't account for the total amount...Britain's in line to have potential future gold transfers.... 

[RAGARCIA62]

Soooo, let's rv already.

[SnowGlobe7]

o achieve an element of safety and safety in order to use the tools of monetary policy to stabilize the exchange rate of the dinar against foreign currencies Iraq."

Read more: http://dinarvets.com/forums/index.php?/topic/174685-central-bank-buys-36-tons-of-high-purity-gold-bullion/#ixzz2wsoJYGkn

 

hummmmmmm

[magawatt]

Between this purchase and the purchase of 27.5 tons, they could raise the dinar to 5 cents... enough to start a float? Warning- not a math wiz.

[sportfisher]

I'll take 5 cents

[uncirculd]

Not good, just what Saleh and Shabibi was warning about.    I sure hope this freak is not about to make a "big historical" bad move.  And I am guessing that they bought it from Iran in order for Iran to go around sanctions.  

[ronscarpa]

Thanks for all the articles Yota...(+1)....a point worth noting is that 36 tons of gold is only worth about $1.52 billion USD...just food for thought...!   

I'll rate these articles 4 Stars...LOL   

[tedro]

and now every Iraqi politician will/can walk around with a gold bar (or two) in his pocket...........

[RVWITHME]

But who sells 36 tons of gold

 

Didn't we just get a "free" shipment of gold from the Ukraine in about that exact amount?

 

Safe-keeping... yea, that's it.

[outlawclg]

Did they pay with dinars?     That's a lot of wheelbarrows!

[Shabibilicious]

After the RV, I hope to purchase some gold bullion......as for now, I have to stick to beef bullion.    

 

GO RV and NO BV

[Dinarian64]

Cause gold is low now. My silver took a dump this past week or so.

[SnowGlobe7]

But who sells 36 tons of gold

 

 I think this is an excellent question.....where are they getting it?????

[staunch]

Did they pay with dinars?     That's a lot of wheelbarrows!

^^^^^

This!

Dinars or dollars?

[aitshioud]

Doesn't that put them up to 106 ton now? Thought they already had 80.

[Shabibilicious]

Doesn't that put them up to 106 ton now? Thought they already had 80.

 

So they've misplaced 10 ton already?    

 

GO RV, and NO BV

[moneysoon]

^^^^^

This!

Dinars or dollars?

 

Again,

 

If they paid with dinars, this would be a game changer.

[R Veyron]

You can have assets out the Wazoo but nothing solidifies an economy better than gold and lots of it. Kapow !