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yota691

Iraq buys 36 tonnes of gold to the strengthening of the currency

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السبت فبراير 28 2015 | 03:18 مساء translated Saturday February Evening 

| Number of Views: 222




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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


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السبت فبراير 28 2015 | 03:18 مساء translated Saturday February Evening 
| Number of Views: 222

14690_344036502361435_1609127091_n.jpg

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 

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"to raise the value of the Iraqi currency". Building it bigger and bigger and getting ready for something! Awesome news!

Thanks Yota!

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It would take two c130's to handle this much weight.

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"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 by Officiallytook

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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?

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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.

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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!

 

 

 

 

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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

 

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[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 

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