yota691 Posted January 7, 2016 Report Share Posted January 7, 2016 It calls for central banks to buy gold Meskukath and confirms the arrival of specie 100 dinars Thursday January 7, 2016 15:09 Alsumaria News / Baghdad Called on the central bank, on Thursday, the banks to buy gold Meskukath, and while noting the arrival of specie 100 dinars category, stressed that the price of 720 000 dinars. The bank said in a statement Alsumaria News a copy of it, that "in order to diversify the public savings and ensure that he receives the gold 24 carat has contracted with an international company Stamping 5000 specie souvenir gold", adding that "the coins are from 100 dinars category weight of 15 grams on the occasion of Eighty-fourth anniversary of the founding of the Iraqi PMA 1930, in addition to the 5000 class specie 250 dinars weight of 22 grams on the occasion of sixty-eighth anniversary of the founding of the Central Bank of Iraq in 1947 ". The bank said it "received the first category of these coins that are weighing 15 grams," noting that he "will be put up for sale through banks, which will be determined by them." He said the bank, "it was to determine the sale price of banks on the basis of cost and out of Baghdad International Airport plus administrative Downloads 1% of the cost to be the price per minted from this category by 720 000 dinars." The Central Bank, in January 2014, its intention to sell gold different weights for those wishing to purchase it from the citizens, adding that he began contracting procedures for imported and then sold through the banking system. And the foundations of an independent Iraqi Central Bank as a bank under the law issued on the sixth of March 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies being sessions daily for buying and selling currencies. 5 Quote Link to comment Share on other sites More sharing options...
Jaygo Posted January 7, 2016 Report Share Posted January 7, 2016 including exchange rate policies being sessions daily for buying and selling currencies.... I like this quote! Quote Link to comment Share on other sites More sharing options...
yota691 Posted January 7, 2016 Author Report Share Posted January 7, 2016 Today rate 24 Carat Gold is priced at $35.35 per gram 15 grams times 35.35 is worth $530.25 per this site... 3 Quote Link to comment Share on other sites More sharing options...
BJinMontreal Posted January 7, 2016 Report Share Posted January 7, 2016 15 grams is a little over ½ an ounce Gold around $1,100 an ounce Ergo 720,000 dinar = $581.90 ... 0.000808 per dinar. No rate change in there. 2 Quote Link to comment Share on other sites More sharing options...
chinadawg Posted January 7, 2016 Report Share Posted January 7, 2016 the arrival of specie 100 dinars category...............................what would 100 dinars buy at todays rate ? Quote Link to comment Share on other sites More sharing options...
vato96 Posted January 7, 2016 Report Share Posted January 7, 2016 Bj 16 grams is an ounce just saying No i was wrong 16 ounces is a pound my bad 1 Quote Link to comment Share on other sites More sharing options...
Officiallytook Posted January 7, 2016 Report Share Posted January 7, 2016 100iqd for 15g? Quote Link to comment Share on other sites More sharing options...
Laid Back Posted January 7, 2016 Report Share Posted January 7, 2016 CBI selling gold will help to reduce the note count even more.! Go CBI Go 2016 1 1 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted January 7, 2016 Report Share Posted January 7, 2016 Bj 16 grams is an ounce just sayingNo i was wrong 16 ounces is a pound my bad BJ's Canadian - U Have To Explain It To Him That 16 Ounces Is A Pint ! 3 Quote Link to comment Share on other sites More sharing options...
gregp Posted January 7, 2016 Report Share Posted January 7, 2016 All those grams made me dizzy... Quote Link to comment Share on other sites More sharing options...
chess Posted January 7, 2016 Report Share Posted January 7, 2016 I LOVE gold foil chocolate coins!!...................... 4 Quote Link to comment Share on other sites More sharing options...
BJinMontreal Posted January 7, 2016 Report Share Posted January 7, 2016 BJ's Canadian - U Have To Explain It To Him That 16 Ounces Is A Pint ! :D a pint ... o_O ... My dear Thugster ... Don't you know in Canada there's no pints any more ... it's all litres this and kilolitres that !!! Frankly ... a pint is kinda small ... me thinks ... 1 Quote Link to comment Share on other sites More sharing options...
trident Posted January 7, 2016 Report Share Posted January 7, 2016 I LOVE gold foil chocolate coins!!...................... and the British one pound coin...you can see the queens head on it easily!! 1 Quote Link to comment Share on other sites More sharing options...
davis411 Posted January 7, 2016 Report Share Posted January 7, 2016 a pint ... o_O ... My dear Thugster ... Don't you know in Canada there's no pints any more ... it's all litres this and kilolitres that !!! Frankly ... a pint is kinda small ... me thinks ... hahahaha have to agree here Canadians can drink beer, we go to the US and i swear its only water till i had 24 then ok, i feel good Bj 16 grams is an ounce just saying No i was wrong 16 ounces is a pound my bad yes it is, i could of told you that from my younger days mmmmmmm ok still till this day davis out 1 Quote Link to comment Share on other sites More sharing options...
Gypsygirl11 Posted January 7, 2016 Report Share Posted January 7, 2016 Good point Chinadawg.....maybe a stick of gum? Quote Link to comment Share on other sites More sharing options...
Badrabbit Posted January 7, 2016 Report Share Posted January 7, 2016 Folks I have been invested for 9 years now and DO NOT get excited about much (I am a lurker not much into speculation but I am head deep into Speculating today!) Let Me show you this...to Convert Grams to Ounces and back go to this site... http://www.statman.info/auto-mass/grams_to_ounces.html So if you take the above statement saying that they will sell 22 gram coins (they also stated 15 gram coins), converting 22 grams into ounces you get 22 Grams x 28.34952 =.776 ounces at the spot price as of now is $35.34 per gram / $1109.20 per ounce so... 22 x $35.34 = $777.48 per Coin Now did I miss read the above statement saying that this Coin would be sold for 250 Dinars? $777.48 / 250 Dinar = $3.10992 US Dollars Per Iraq Dinar ????????????? (You may now pick Me up off the Floor) 12 Quote Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted January 7, 2016 Report Share Posted January 7, 2016 Bad rabbit......me thinks me likes what you say....if you are right...you will be goodrabbit!!!!!!! 2 Quote Link to comment Share on other sites More sharing options...
Boozer Posted January 7, 2016 Report Share Posted January 7, 2016 Folks I have been invested for 9 years now and DO NOT get excited about much (I am a lurker not much into speculation but I am head deep into Speculating today!) Let Me show you this...to Convert Grams to Ounces and back go to this site... http://www.statman.info/auto-mass/grams_to_ounces.html So if you take the above statement saying that they will sell 22 gram coins (they also stated 15 gram coins), converting 22 grams into ounces you get 22 Grams x 28.34952 =.776 ounces at the spot price as of now is $35.34 per gram / $1109.20 per ounce so... 22 x $35.34 = $777.48 per Coin Now did I miss read the above statement saying that this Coin would be sold for 250 Dinars? $777.48 / 250 Dinar = $3.10992 US Dollars Per Iraq Dinar ????????????? (You may now pick Me up off the Floor) So you say 1 dinar = 3.11 usd ? I like the way you thinks 1 Quote Link to comment Share on other sites More sharing options...
GregHi Posted January 7, 2016 Report Share Posted January 7, 2016 Could be Badrabbit! The week of the 17th is going to be incredible!! Quote Link to comment Share on other sites More sharing options...
Tubbs Posted January 7, 2016 Report Share Posted January 7, 2016 Folks I have been invested for 9 years now and DO NOT get excited about much (I am a lurker not much into speculation but I am head deep into Speculating today!) Let Me show you this...to Convert Grams to Ounces and back go to this site... http://www.statman.info/auto-mass/grams_to_ounces.html So if you take the above statement saying that they will sell 22 gram coins (they also stated 15 gram coins), converting 22 grams into ounces you get 22 Grams x 28.34952 =.776 ounces at the spot price as of now is $35.34 per gram / $1109.20 per ounce so... 22 x $35.34 = $777.48 per Coin Now did I miss read the above statement saying that this Coin would be sold for 250 Dinars? $777.48 / 250 Dinar = $3.10992 US Dollars Per Iraq Dinar ????????????? (You may now pick Me up off the Floor) That would be alot of C IN G RV G RI 1 Quote Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted January 7, 2016 Report Share Posted January 7, 2016 Folks I have been invested for 9 years now and DO NOT get excited about much (I am a lurker not much into speculation but I am head deep into Speculating today!) Let Me show you this...to Convert Grams to Ounces and back go to this site... http://www.statman.info/auto-mass/grams_to_ounces.html So if you take the above statement saying that they will sell 22 gram coins (they also stated 15 gram coins), converting 22 grams into ounces you get 22 Grams x 28.34952 =.776 ounces at the spot price as of now is $35.34 per gram / $1109.20 per ounce so... 22 x $35.34 = $777.48 per Coin Now did I miss read the above statement saying that this Coin would be sold for 250 Dinars? $777.48 / 250 Dinar = $3.10992 US Dollars Per Iraq Dinar ????????????? (You may now pick Me up off the Floor) Take my hand Rabbit, I've been saying for yrs that if they wanted to do anything else it would have happened by now. They intended all along to RI. 9 1 Quote Link to comment Share on other sites More sharing options...
Badrabbit Posted January 7, 2016 Report Share Posted January 7, 2016 I am reading the above as the 250 Dinar Coin is sold for $777.48 maybe I have had too much Coffee today 1 Quote Link to comment Share on other sites More sharing options...
Jaxinjersey Posted January 7, 2016 Report Share Posted January 7, 2016 Folks I have been invested for 9 years now and DO NOT get excited about much (I am a lurker not much into speculation but I am head deep into Speculating today!) Let Me show you this...to Convert Grams to Ounces and back go to this site... http://www.statman.info/auto-mass/grams_to_ounces.html So if you take the above statement saying that they will sell 22 gram coins (they also stated 15 gram coins), converting 22 grams into ounces you get 22 Grams x 28.34952 =.776 ounces at the spot price as of now is $35.34 per gram / $1109.20 per ounce so... 22 x $35.34 = $777.48 per Coin Now did I miss read the above statement saying that this Coin would be sold for 250 Dinars? $777.48 / 250 Dinar = $3.10992 US Dollars Per Iraq Dinar ????????????? (You may now pick Me up off the Floor) Hmmm.... I think the math is actually $39.15 per gram... so even better: 22 x 39.15 = $861 per Coin. $861 / 250 = $3.44 per Dinar Or, if we simply do $1109.20 per ounce x .776 (22 grams) we get $860.74!!! $860.74 / 250 = $3.44!!! Same result. 2 Quote Link to comment Share on other sites More sharing options...
notaguru Posted January 7, 2016 Report Share Posted January 7, 2016 Folks I have been invested for 9 years now and DO NOT get excited about much (I am a lurker not much into speculation but I am head deep into Speculating today!) Let Me show you this...to Convert Grams to Ounces and back go to this site... http://www.statman.info/auto-mass/grams_to_ounces.html So if you take the above statement saying that they will sell 22 gram coins (they also stated 15 gram coins), converting 22 grams into ounces you get 22 Grams x 28.34952 =.776 ounces at the spot price as of now is $35.34 per gram / $1109.20 per ounce so... 22 x $35.34 = $777.48 per Coin Now did I miss read the above statement saying that this Coin would be sold for 250 Dinars? $777.48 / 250 Dinar = $3.10992 US Dollars Per Iraq Dinar ????????????? (You may now pick Me up off the Floor) Um...no. Re-read the article, and you'll see no "sell value" was given for the 22 gram/250 Dinar coin. 250 Dinars is the 'face value'...not true resale value. The 15 gram coin is valued at 720,000 Dinar, which breaks down to 48,000 Dinar/gram. At that math, the 22 gram(250 Dinar) coin would be valued at 1,056,000 Dinar. Sorry to say, but... put down the 'hopeium' and step away. Especially now, we need to slowly think thru everything...twice, before jumping to a conclusion. 1 1 Quote Link to comment Share on other sites More sharing options...
Badrabbit Posted January 8, 2016 Report Share Posted January 8, 2016 Somebody better get a hold of OKIE - he would LOVE to see these numbers - grin- (LOL) Even better is RIGHT! Quote Link to comment Share on other sites More sharing options...
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