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Iraq maintains 37th place globally and Arab fifth of its reserves of gold


yota691
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Wednesday, 28 December 2016 13:17
 
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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.

 

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History of edits:: 12.28.2016 9:16 • 71 visits readable
Iraqi Gold rises after eight days of stability to 189,000 dinars for the weight
{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
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  • 2 weeks later...
 
Sunday January 8, 2017 10:36
 
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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.

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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

11812.jpg  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.
 
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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 gold
Equals: 2,619,166.67 troy ounces (oz t) in gold
Fractions: 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 by ladyGrace'sDaddy
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