yota691 Posted December 28, 2016 Report Share Posted December 28, 2016 World Gold Council: Iraq's reserves rose to 7.7% compared to the foreign currency Wednesday, 28 December 2016 13:17 Alsumaria News / Baghdad revealed the World Gold Council , Wednesday, rising reserves of Iraq of gold , compared to 7.7% of foreign currency Baanaatyate Other, pointing out that Iraq is still ranked 37 of these countries. The council said in its website by Statistics his last for the month of December 2016 and seen by Alsumaria News, said that "Iraq 's reserves of gold remained stable and did not change, reaching 89.8 tons , " noting that "this amount represents 7.7% of its reserves of foreign currency, after whether it represented 7.1% during the month of October. " The council said that "Iraq did not buy gold since the last buy him in April 2014 in which 15.16 tonnes bought , " noting that "Iraq was ranked 37 and V Arabs among the 100 state , which has reserves of gold , which has been included in the central bank 's report global reserves. " The statistics showed that "the world's gold reserves amounted to 33,181 tons, while the United States ranked first globally in terms of these reserves , which amounted to 8.133.5, followed by Germany with 3.377 tons." The central bank decided in January 232,014 sic variety of alloys of pure gold ranging between weights (50 g and 1000 g) to sell to traders in gold, investors and segments of society wishing to do so in Iraqi dinars. And established an independent Iraqi Central Bank as a bank under a 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 are being daily sessions for buying and selling currencies. 4 Quote Link to comment Share on other sites More sharing options...
yota691 Posted December 28, 2016 Author Report Share Posted December 28, 2016 Iraqi Gold rises after eight days of stability to 189,000 dinars for the weight History of edits:: 12.28.2016 9:16 • 71 visits readable {Baghdad: Euphrates News} price of Iraqi gold rose from a 21-gauge, on Wednesday, to 188 000 dinars per weight. The price of Iraqi gold from 21 carat today 0.189 thousand 335 Iraqi dinars, while record the last eight days when 188,000 dinars per weight. It is said that one Almthagal of gold is equal to five Gramat.anthy 4 Quote Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted December 28, 2016 Report Share Posted December 28, 2016 4 Quote Link to comment Share on other sites More sharing options...
SnowGlobe7 Posted December 28, 2016 Report Share Posted December 28, 2016 4 Quote Link to comment Share on other sites More sharing options...
Hikmah Posted December 28, 2016 Report Share Posted December 28, 2016 That is hilarious! So, 7.7% tells us the reserves are around $40 billion as of today. 2 Quote Link to comment Share on other sites More sharing options...
genx4me Posted December 28, 2016 Report Share Posted December 28, 2016 5 hours ago, SnowGlobe7 said: Yes it does Snow!! Quote Link to comment Share on other sites More sharing options...
ChuckFinley Posted December 28, 2016 Report Share Posted December 28, 2016 GOLD, I love gold. 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted January 8, 2017 Author Report Share Posted January 8, 2017 Iraq maintains 37th place globally and Arab fifth of its reserves of gold Sunday January 8, 2017 10:36 Alsumaria News / Baghdad announced the World Gold Council , Saturday, that Iraq maintained the 37th place globally and Arab fifth of its reserves of gold with the beginning of the year 2017, indicating that these reserves did not register a change, reaching 89.8 tons. The Council stated in the statistics published on its website and seen Alsumaria News him that "Iraq has maintained its 37th place globally and fifth Arab from its reserves of gold during the month of January of this year 2017 , " noting that "Iraq came fifth Arab rank after all of Saudi Arabia, Lebanon and Algeria and Libya . " It added that "these reserves of gold are held constant which reported 89.8 tons, representing 7.1 of the rest of the other currencies," he said . " The last purchase of gold for Iraq was in the month of April 2014 where 15.16 tons bought." He added that "the world's gold reserves rose by 67 tonnes for the month of December to reach 33,248 tons, while the United States ranked first globally in terms of these reserves , which amounted to 8.133.5, followed by Germany with 3.377 tons." The central bank decided in January 232,014 sic variety of alloys of pure gold ranging between weights (50 g and 1000 g) to sell to traders in gold, investors and segments of society wishing to do so in Iraqi dinars. 2 Quote Link to comment Share on other sites More sharing options...
DinarThug Posted January 8, 2017 Report Share Posted January 8, 2017 CNN. Broadcasting Casey Kasem's Global Top 40 ! http://economy-news.net/conten.....hp?id=6373 Iraq maintains 37th place globally from its reserves to gold 08/01/2017 - 10:44 World Gold Council said on Saturday that Iraq maintained the 37th place globally and Arab fifth of its reserves of gold with the beginning of the year 2017, indicating that these reserves did not register a change, reaching 89.8 tons. The Council stated in the statistics published on its website and seen "Economy News" him that "Iraq has maintained its 37th place globally and fifth Arab from its reserves of gold during the month of January of this year 2017," noting that "Iraq came fifth Arab rank after Saudi Arabia, Lebanon, Algeria and Libya. " It added that "these reserves of gold are held constant which reported 89.8 tons, representing 7.1 of the rest of the other currencies," he said. "The last purchase of gold for Iraq was in the month of April 2014 where 15.16 tons bought." He added that "the world's gold reserves rose by 67 tonnes for the month of December to reach 33,248 tons, while the United States ranked first globally in terms of these reserves, which amounted to 8.133.5, followed by Germany with 3.377 tons. 4 Quote Link to comment Share on other sites More sharing options...
chinadawg Posted January 8, 2017 Report Share Posted January 8, 2017 that kinda kills the article about being BROKE. 6 Quote Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted January 8, 2017 Report Share Posted January 8, 2017 (edited) Amount: 89.8 short tons (sh tn) of gold mass Equals: 2,619,166.67 troy ounces (oz t) in gold mass gold from ton (short) to ounce (troy) Conversion Results : Amount : 89.8 short tons (sh tn) of goldEquals: 2,619,166.67 troy ounces (oz t) in goldFractions: 2619166 troy ounces (oz t) in gold Enter a New ton (short) Amount of gold to Convert From * Enter whole numbers, decimals or fractions (ie: 6, 5.33, 17 3/8) Enter Your Amount : 2,619,166.67 ounces times 1172.52 {Fridays close for one ounce of gold} equals $3,071,025,303.90 Not too shabby to say the least. Now consider this folks , It blew my mind when I saw it. It's estimated that there is some 4 trillion dinar in circulation. If you take 3,071,025,303.90 and divide that by the supposed 4 trillion dinar in circulation you get the value of the dinar just in gold reserves alone to be 0.00076775632 If that number isn't interesting to you then you need to be reminded of the fact that the CBI says the value of the dinar is .0008 And none of this is considering the dollar reserves. Which if we count in the dollar reserves you will get this. $56,000,000.00 divided by 4 trillion equals 0.014 But there's more, what if we add the two together, 56 billion plus 3,071,025,303.90 now you get a dinar that should be worth 0.01476775632 or in other words one million dinar should cost $10,000.00 Edited January 8, 2017 by ladyGrace'sDaddy 4 Quote Link to comment Share on other sites More sharing options...
sandfly Posted January 9, 2017 Report Share Posted January 9, 2017 Thanks lgd 2 Quote Link to comment Share on other sites More sharing options...
Kraidle Posted January 9, 2017 Report Share Posted January 9, 2017 6 hours ago, chinadawg said: that kinda kills the article about being BROKE. Looks like it. If they still have it there. Quote Link to comment Share on other sites More sharing options...
MyLadiesDaddy Posted January 9, 2017 Report Share Posted January 9, 2017 2 hours ago, sandfly said: Thanks lgd Thanked by the Grand PooBah of Thanking, What a way to wake up I'm deeply honored Quote Link to comment Share on other sites More sharing options...
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