hozer Posted October 20, 2014 Report Share Posted October 20, 2014 In a move that surprised economists the world over, the Central Bank of Iraq purchased 36 tons of gold valued at some $1.52 billion this month “to help stabilize the Iraqi dinar against foreign currencies,” the bank explained. That represents a larger amount of gold than most nations purchased in all of 2013, moving Iraq into 15th place in annual purchases on just that one purchase alone. But anyone following the recent history of Iraq’s dinar is left scratching their head, as this month’s purchase more than doubled Iraq’s gold reserves from 27 tons to 63 tons for an increase of over 133 percent. Despite transacting the 15th largest annual gold purchase in the world, there was absolutely no move in the value of Iraq’s money – holding steady at approximately 1,165 dinars per USD, where it has been for more than two years and three months. linky: http://www.wealthdaily.com/articles/gold-and-the-iraqi-dinar-revaluation/5091 3 Link to comment Share on other sites More sharing options...
moneysoon Posted October 20, 2014 Report Share Posted October 20, 2014 (edited) In a move that surprised economists the world over, the Central Bank of Iraq purchased 36 tons of gold valued at some $1.52 billion this month “to help stabilize the Iraqi dinar against foreign currencies,” the bank explained. That represents a larger amount of gold than most nations purchased in all of 2013, moving Iraq into 15th place in annual purchases on just that one purchase alone. But anyone following the recent history of Iraq’s dinar is left scratching their head, as this month’s purchase more than doubled Iraq’s gold reserves from 27 tons to 63 tons for an increase of over 133 percent. Despite transacting the 15th largest annual gold purchase in the world, there was absolutely no move in the value of Iraq’s money – holding steady at approximately 1,165 dinars per USD, where it has been for more than two years and three months. linky: http://www.wealthdaily.com/articles/gold-and-the-iraqi-dinar-revaluation/5091 Why are you posting old articles?????? Edited October 20, 2014 by moneysoon 2 Link to comment Share on other sites More sharing options...
NeedRv Posted October 20, 2014 Report Share Posted October 20, 2014 Super old... 2 Link to comment Share on other sites More sharing options...
hozer Posted October 20, 2014 Author Report Share Posted October 20, 2014 It's not old to me!!!! 2 1 Link to comment Share on other sites More sharing options...
NeedRv Posted October 20, 2014 Report Share Posted October 20, 2014 That article was done back on Wednesday, March 26th, 2014 If you say its not old.... then guess to you it isn't. carry on 2 1 Link to comment Share on other sites More sharing options...
new york kevin Posted October 20, 2014 Report Share Posted October 20, 2014 Old maybe, but its good to review the subject matter before the big test. There has been a lot of depressing news as of late, reviewing this article keeps the spirits up if nothing else. Thanks 1 1 Link to comment Share on other sites More sharing options...
moneysoon Posted October 20, 2014 Report Share Posted October 20, 2014 (edited) It's not old to me!!!! Thanks, I needed a good laugh this morning. The other one you posted about getting out of the Dinar while we have time, is just plain comical. Edited October 20, 2014 by moneysoon Link to comment Share on other sites More sharing options...
NeedRv Posted October 20, 2014 Report Share Posted October 20, 2014 Old maybe, but its good to review the subject matter before the big test. There has been a lot of depressing news as of late, reviewing this article keeps the spirits up if nothing else. Thanks Huh,,,, what big test... Driving test??? Dinar test?? Reviewing this article just says that those spirits you speak of were already boosted up...... back in March.... we are now in October... there are more positive things coming out of Iraq other than how much gold they bought back in March..... ......your welcome 1 Link to comment Share on other sites More sharing options...
rockfl9 Posted October 20, 2014 Report Share Posted October 20, 2014 Old maybe, but its good to review the subject matter before the big test. There has been a lot of depressing news as of late, reviewing this article keeps the spirits up if nothing else. Thanks Also need to bring back the old article that quotes 40T dinar in circulation and 88T dinar in liabilites. Additional cramming for the test. 1 Link to comment Share on other sites More sharing options...
Happy Man Posted October 21, 2014 Report Share Posted October 21, 2014 It's not old to me!!!! Following this pattern a new dinar holder could repost the entire site saying..... Its not old to me Link to comment Share on other sites More sharing options...
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