yota691 Posted February 28, 2015 Report Share Posted February 28, 2015 السبت فبراير 28 2015 | 03:18 مساء translated Saturday February Evening | Number of Views: 222 Iraq buys 36 tonnes of gold to the strengthening of the currency BAGHDAD / .. of the Finance Committee in the House of Representatives on Saturday revealed, for the purchase of Iraq's 36 tons of gold bullion to strengthen the Iraqi currency. Said committee member Ahmed Hama, told the "eye Iraq News," The Iraqi government has bought 36 tons of gold bullion to raise the value of the Iraqi currency in the global markets and thereby became Iraq is ranked 37 among the nations of the world. " Hama added that the move to buy gold will lead to raising the efficiency of the Iraqi economy in the near future, a task and an initiative approved in some countries, economic, indicating that Iraq is ranked fifth among Arab countries. Finished / 5 6 Link to comment Share on other sites More sharing options...
vette5467 Posted February 28, 2015 Report Share Posted February 28, 2015 السبت فبراير 28 2015 | 03:18 مساء translated Saturday February Evening | Number of Views: 222 Iraq buys 36 tonnes of gold to the strengthening of the currency BAGHDAD / .. of the Finance Committee in the House of Representatives on Saturday revealed, for the purchase of Iraq's 36 tons of gold bullion to strengthen the Iraqi currency. Said committee member Ahmed Hama, told the "eye Iraq News," The Iraqi government has bought 36 tons of gold bullion to raise the value of the Iraqi currency in the global markets and thereby became Iraq is ranked 37 among the nations of the world. " Hama added that the move to buy gold will lead to raising the efficiency of the Iraqi economy in the near future, a task and an initiative approved in some countries, economic, indicating that Iraq is ranked fifth among Arab countries. Finished / 5 That is worth $1.5 billion 1 Link to comment Share on other sites More sharing options...
vomer Posted February 28, 2015 Report Share Posted February 28, 2015 3 Link to comment Share on other sites More sharing options...
fancy Posted February 28, 2015 Report Share Posted February 28, 2015 "to raise the value of the Iraqi currency". Building it bigger and bigger and getting ready for something! Awesome news! Thanks Yota! 2 Link to comment Share on other sites More sharing options...
Laid Back Posted February 28, 2015 Report Share Posted February 28, 2015 This is good news.!! CBI keep buying gold to backup the dinar Go cbi Go dinar Go strong $1.13:1 3 Link to comment Share on other sites More sharing options...
tileman1814 Posted February 28, 2015 Report Share Posted February 28, 2015 How much gold does this make in Iraq's stock pile?? Semper Fi !!! Link to comment Share on other sites More sharing options...
Officiallytook Posted February 28, 2015 Report Share Posted February 28, 2015 WOT! Stack it up! "Racks on racks on racks" Big changes a head... Link to comment Share on other sites More sharing options...
gregp Posted February 28, 2015 Report Share Posted February 28, 2015 It would take two c130's to handle this much weight. Link to comment Share on other sites More sharing options...
Saintsfan Posted February 28, 2015 Report Share Posted February 28, 2015 Yeeeeehhaaaaaaaaawwww!!!!!!!I felt like I do every timetime SAINTS score a Touchdown after reading that!!!! Link to comment Share on other sites More sharing options...
Officiallytook Posted February 28, 2015 Report Share Posted February 28, 2015 (edited) "The Iraqi government has bought 36 tons of gold bullion to raise the value of the Iraqi currency in the global markets" ^Global markets people "thereby became Iraq is ranked 37 among the nations of the world." ^ slow gradually but still increasing "the move to buy gold will lead to raising the efficiency of the Iraqi economy in the near future, a task and an initiative approved in some countries, economic, indicating that Iraq is ranked fifth among Arab countries." ^ "near future" is key, and also the 5th rank Arab country...but yet plenty of references to them wanting to become 1st to 2nd ranked in the ME? What ever the cause, when ever the time, I love it, keep moving forward! It would take two c130's to handle this much weight.No wonder that artle I skimmed through about them not having a plane for some reason for something important lol Edited February 28, 2015 by Officiallytook Link to comment Share on other sites More sharing options...
bkeiller Posted February 28, 2015 Report Share Posted February 28, 2015 That makes around 100 tonnes in total? Last year's totals: http://www.bloomberg.com/news/articles/2014-03-25/iraq-buys-1-56-bln-of-gold-biggest-purchase-in-3-years Link to comment Share on other sites More sharing options...
precious1 Posted February 28, 2015 Report Share Posted February 28, 2015 They sure are sitting on a mountain of gold! Man o man. And yet we see articles of financial crisis. How does one convince others they need to spend all this $$$$ on buying more gold to support the dinar? Link to comment Share on other sites More sharing options...
Rubberband King Posted February 28, 2015 Report Share Posted February 28, 2015 Yesssssssss! Continue to buy gold Iraq. I think we are all for that. Go RV! Link to comment Share on other sites More sharing options...
bkeiller Posted February 28, 2015 Report Share Posted February 28, 2015 Over 120 tones of gold, if adding to February 2015's total: http://www.gold.org/download/file/3347/World_Official_Gold_Holdings_as_of_February2015_IFS.pdf Link to comment Share on other sites More sharing options...
Yukon Silvermoon Posted February 28, 2015 Report Share Posted February 28, 2015 I hope that the 37 tons is in addition to what they already have. Link to comment Share on other sites More sharing options...
YukonJohn Posted February 28, 2015 Report Share Posted February 28, 2015 Very Timely! I like it!!!! $1.4b USD! Link to comment Share on other sites More sharing options...
magawatt Posted February 28, 2015 Report Share Posted February 28, 2015 I'm no math wiz but figuring 100 tons times 2000 pounds per ton times 16 oz per pound times $1213 Dollars per ounce gave me $3,881,600,000. Hey, every little bit helps. Link to comment Share on other sites More sharing options...
Djorgie Posted February 28, 2015 Report Share Posted February 28, 2015 Funny how things work isn't it? Thier currency is BACKED by gold and black gold. Ours is backed by NOTHING! Good thing we are the "petro dollar" because that is the only thing keeping us hanging by a thread. Iraq is making some good moves finally so, maybe they are almost lined up for international currency trading among other things. Let's hope so! 4 Link to comment Share on other sites More sharing options...
SocalDinar Posted March 1, 2015 Report Share Posted March 1, 2015 I'm pretty sure they are talking about Metric tonnes. 1000 kilograms or 2204.6 lbs 1 Link to comment Share on other sites More sharing options...
sandfly Posted March 1, 2015 Report Share Posted March 1, 2015 BRING IT ON 1 Link to comment Share on other sites More sharing options...
yota691 Posted March 1, 2015 Author Report Share Posted March 1, 2015 Economist attributed the fluctuation of oil prices and gold for the lack of security and the economic downturn Sunday 0.01 March / March 2015 08:50 [Where BAGHDAD] He attributed the economic expert on behalf of the fluctuation of beautiful gold and oil prices as a result of the lack of security and the economic downturn. Jamil told all of Iraq [where] that "speculators in the markets play a role in the process of buying and selling to realize profits on the expense of citizens, adding that" the lack of security and the economic downturn lead to a lack of Asagrar gold and oil as long as the overall economic situation is stable. " He ruled that there will be sudden changes prices of gold and oil because the economic recovery can not be sudden and international terrorism plays a role in the instability of prices. It is said that gold and oil prices have fluctuated between now and then .anthy 1 Link to comment Share on other sites More sharing options...
Big_J Posted March 1, 2015 Report Share Posted March 1, 2015 Link to comment Share on other sites More sharing options...
The Machine Posted March 1, 2015 Report Share Posted March 1, 2015 That is worth $1.5 billion its actually worth $1,397,376,000.00 Link to comment Share on other sites More sharing options...
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