Iraq announces its intention to buy more gold in Alshahuralamqublh

[Butifldrm]

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Iraq announces its intention to buy more gold in Alshahuralamqublh

THURSDAY, APRIL 8 / APRIL 2014 13:21

 

Twilight News / Minister of Finance announced the Iraqi agency purity of net debt, on Tuesday, his country's determination to buy more gold in the coming months to support investment plans.

 

Safi said in a press statement on the sidelines of a meeting of Arab finance ministers in Tunisia that the Iraqi Central Bank may buy more gold in the coming months based on the needs of the investment.

The CBI had announced last Thursday in a press release that its gold reserves amounted to 90 tons after it bought 60 tons during the past two months.

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[yota691]

Minister: Iraqi central buys more gold in the coming months

 

April 8, 2014 13:05   Last Updated: April 8, 2014 13:05

 

 

 

 

 

 

Iraqi Minister of Finance on Tuesday on the sidelines of a meeting of Arab finance ministers in Tunisia that the CBI may buy more gold in the coming months based on the needs of the investment. Was the CBI said in a statement that he had bought 36 tonnes of gold last month in an effort to stabilize the exchange rate Iraqi dinar against other currencies. according to Reuters and The Chief Asirateja markets in HY Markets Walid Jaradat in an interview with "CNBC" Arabic: "The gold is currently experiencing a state of Atzbzb at levels ranging between 1275 - 1390 dollars per ounce over the past months. noted "Jaradat" in his speech today that the price of gold will see declines in the medium term to 1270 levels again and that commitment with the decline in global demand. "

[sandfly]

THANKS

[SocalDinar]

Iraq’s central bank may buy more gold in coming months: Minister

With the 29.8 tonnes which the World Gold Council says it already held, the purchase brings Iraq’s total gold holdings to 65.8 tonnes

 

Tunis: Iraq’s central bank may buy more gold in coming months depending on investment needs, the finance minister said on Tuesday on the sidelines of an Arab ministers meeting in Tunis.

The Central Bank of Iraq bought 36 tonnes of gold last month, it said in a statement, in a bid to help stabilise the exchange rate of the Iraqi dinar against other currencies.

That purchase was the first addition to Iraq’s gold reserves since it increased its holdings by 23.9 tonnes in August 2012, according to data from the International Monetary Fund.

At the time of the purchase it was worth $1.5 billion.

 

http://gulfnews.com/business/banking/iraq-s-central-bank-may-buy-more-gold-in-coming-months-minister-1.1316660

[fancy]

Thanks Yota, more gold, Iraq is really doing something big here. This is great news!

[unirod]

Could announcements like this be intentional to spike the Gold market? Could Iraq's interests in Gold bullion purchases manipulate the world Gold markets? any comments?

[handy]

I will really be surprised if this don't  RV before the end of the year.  The banks already know why Iraq is loading up on all this gold . All I need is   a dime out of this joker and i'll never look back

[rwmountainboy]

It can mean a lost faith in the USD.  Not sure what the motive is for them but something is up.

[k98nights]

Could announcements like this be intentional to spike the Gold market? Could Iraq's interests in Gold bullion purchases manipulate the world Gold markets? any comments?

 

I think they're building up their gold reserves in order to back the revaluation of their currency. This is a very good bit of news!

[unirod]

I am wondering if the new released currency has any marks that say redeemable for Gold. Just curious...

[NoviceInvestor]

They are buying gold in preparation for the global financial crash coming .. And to emerge from it more powerful and wealthier than ever ...

The rich get richer and the poor get poorer and the middle class becomes extinct

[JayLay]

They are buying gold in preparation for the global financial crash coming .. And to emerge from it more powerful and wealthier than ever ...

The rich get richer and the poor get poorer and the middle class becomes extinct

Not the craziest thing I've heard. In fact, you may be right and I hope you're wrong.

[NoviceInvestor]

I hope I am wrong but JayLay the world is in Dire straits.. Without being the voice of doom on the subject I think we are becoming a self destructing world.