Central Bank Sells Gold To Raise The Value Of The Dinar !

[DinarThug]

CNN. Broadcasting From The Camel Steeplechase Event While Goin' For The Gold !

 

 

 

(by jjonesmx)

Central bank sells gold to raise the value of the dinar


04/19/2014


He said the academic economic Dr Majid Baidhani "said a central bank to activate the monetary policy tools and the willingness to sell gold to the public would be granted dinar greater strength as well as it reduces the dollarization phenomenon experienced by the economy. 

Added Baidhani in a press statement that" the adoption of this measure requires increase in central bank reserves of gold as a cover for the currency, and the promotion requires finding a basket of currencies to assess the economy vulnerable to prices, the dollar downwards or upwards. 


reserves rose central gold recently from 38 to 90 tonnes of the precious metal after it announced the purchase of 60 tons in weeks the last few years for the purpose of selling it to the public, after contracting with companies to Sikh to ensure the presence of gold purity high and the origins of well-known global and used as part of their savings. 


it is hoped that the proportion of gold allocated to the Mint about 11 tons, and determine the public need and desire for the allocation of additional quantities Stamping to sell to jewelers and investors . 


said Baidhani that monetary policy tools two types quantitative tools and tools of quality and different conditions of use depending on the economic situation of the country for example, in the case of inflation is the goal of economic policy to achieve price stability and in either case the downturn will be aimed at achieving economic growth and increasing employment. He said the actions taken by the central bank reflect the familiar real economic reality of the country, where the launch of gold to the public would control the levels of liquidity and that it increases the rate of adoption of the public on the financial assets of the real, represented by the precious metal rather than dependence on foreign currency. 



confirmed " that this measure will reduce the dollarization phenomenon experienced by the economy, where most of the business transactions and trade within Iraq are in dollars rather than rely on the on the dinar, what caused the phenomenon akin to a large extent the currency float. said Baidhani that the weakness of public awareness of the importance of buying and selling local currency contributed significantly to the emergence of dollarization, which severely hurt the national economy, adding that this called for reasons that central to the practice of monetary policy tools effectively to save the economy from deteriorating and to enhance the strength of gold dinar 


http://www.almowatennews.com/index.php/2013-04-19-21-18-06/8676-2014-04-08-18-33-22.html

[dweave69]

Yes, increase the value of the dinar.

[idplzr]

Yes, increase the value of the dinar.

I 2nd That, all in favor say I.

[siberian_shaddow]

Thanx Thugs great article just fantastic, now they just need to raise the value instead of talking about it. Go Rv

[vomer]

June 2036

[MyLadiesDaddy]

Thanks THUGS

I am not certain how selling gold raises dinar. And I'm less certain that the average

Iraqi could even afford to buy gold.

[DinarThug]

Thanks THUGS

I am not certain how selling gold raises dinar.

One Word 'Dedollarization'!

[MyLadiesDaddy]

One Word 'Dedollarization'!

I can appreciate that, but how many Iraqis do you think can afford to buy gold?

Botzwana,you are forever in my prayers.

[DinarThug]

I can appreciate that, but how many Iraqis do you think can afford to buy gold?

A Lot Of Rich Ones In Kurdistan - As Well As Throughout The Country !

[puckster_guy]

I

[MyLadiesDaddy]

A Lot Of Rich Ones In Kurdistan - As Well As Throughout The Country !

Your probably right, I just finished reading the articles about six million people in

poverty. Truly depressing considering the wealth of Iraq.

Botzwana,you are forever in my prayers.

[DinarThug]

I

R U Competing With SandFly For Brevity Puckster_Guy ?

[captl1]

I

[DinarThug]

Your probably right, I just finished reading the articles about six million people in

poverty. Truly depressing considering the wealth of Iraq.

Botzwana,you are forever in my prayers.

True Dat !

However, There Also Is A Sizeable Middle Class Throughout Iraq - Particularly In Baghdad And Kurdistan !

That's Cool That Ur Mentioning Botzwana As A Tag Line In Ur Quotes !

FYI For Everyone Else

Botzwana Mentioned That His Father Has Cancer In The 'Easter' Thread In Off Topics !

[MyLadiesDaddy]

Yes my brother THUGS. And I mean it seriously.

What is life if we don't pray for others? What is our faith, if we think only of ourselves?

And what is our God, if during this Holy week our hearts are not poured out to humanity?

Botzwana,you are forever in my prayers.

[Maggie123]

Yes, increase the value of the dinar.

 

 

I 2nd That, all in favor say I.

 

 

I

 

 

I

 

I

[dontlop]

They all want gold to save over the dollar and the dinar

They don't trust banks and the dollar loses value

All it takes is 5 million Iraqis to buy a single ounce of gold and that removes 6 trillion dinars out of circulation and into the asset column of the cbi

So by next year if they bought 2 total ounces that's 12 trillion out of circulation

And into the assets

So if the iraq I treasury decides to buy gold too

They generally use the currency it's pegged to to buy domestic currency and put the domestic currency out of circulation to raise the. Value

But the dollarization needs to be controlled too so they are selling gold and removing dollars and dinars out of circulation

They also are going to sell treasury bonds to remove some of the currency from circulation.

Which pays interest

And the gold may go up in value so the Iraqis want this

I think it will be a success

[NWGUY]

Thanks Thug!!!

 

Please Iraq.....get rid of that nasty old american dollar, and start using your brand new dinars!!!!

 

Go RV or RI Soon!!!!

[Francie26]

I

[stealthwarrior]

Don't you think that the Iraq's who have a lot of money might also have gold in their portfolio?

[dontlop]

I think all the Iraqis want gold

[MyLadiesDaddy]

Well, I want gold too but I sure couldn't afford it. And remember Iraq is a country

With over 30% unemployment. But as THUGS stated there are a few wealthy Iraqis.

Botzwana,you are forever in my prayers.

[rockfl9]

Where will the CBI get the funds to buy this gold? Don't say the reserves. Because the reserves are obligated to back the currency.

It would have to set up a subsidiary operation and make a profit doing it. It would compete with the dollar but do little to remove dinar from circulation.

[Yukon Silvermoon]

June 2036

June 3260

[cabinetman]

Why do we get so excited about these articles? Its the same old same old! Action speaks louder then words. Geeze