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New Iaqi laws for currency! Possible gold PEG currency!


solbiatodinar
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THIS IS FROM PHOENIX AND LAKEHOUSE THANKS !!!!!!!!!!!!!!!!!!!!!!!!!

RV RATE AND POSSIBLE TALK OF THE LOW DENOMS. IN ARTICLE 35 CHECK IT OUT AND GIVE ME FEEDBACK

The unit of currency in the Republic of Iraq is the Iraqi dinar, and composed a thousand equal part, each resort called him (fils).

2 - equivalent to the value of the Iraqi dinar (2.48828) grams of pure gold.

1 Troy oz = 31.10 grams

So at that rate $45.00 ( IMF selling gold to centeral banks)

1 Iraqi Dinar would be valued at: $ 3.60

$45.00 divided by 31.10 = $1.44

$1.44 X 2.48828 = $3.60

1. the unit of currency in the Republic of Iraq is the Iraqi dinar, and consists of a part, each asylum seeker (Fils).

2. the Iraqi dinar equivalent (2, 48828) grams of pure gold.

3. by presidential decree, on the proposal by the World Bank as joint value change mentioned in paragraph (2) of this article, in cases of emergency conditions which endanger the national economy to risks.

Article 33

1. is sale or fulfilment or any other financial liability in the Republic of Iraq in Iraqi dinars, and must free each deed or contract or document whatsoever, if invited or financial commitment.

2. foreign currency may be used for the purposes mentioned in paragraph (1) of this article, provided that they are in accordance with the provisions of this law and the regulations and directives issued thereunder.

Article 34

The Bank is the only body empowered to issue currency in the Republic of Iraq, which is the only legal currency of exculpatory, subject to the provisions of article 36 of this Act.

And in order that:-

1. take the necessary action for the printing of banknotes and mint coins, available for trading.

2. to issue or reissue or replacement banknotes coins have focused and its agents.

3. the measures necessary for the withdrawal of banknotes or coins which are no longer fit for circulation.

4. cancellation and invalidation and destroy banknotes withdrawn from circulation or in his possession.

Article 35

1. issued banknotes on behalf of the Bank, signed by the Governor.

2. banknote mnalvaeat:-

Quarter-dinars, half, one dinar, five dinars, five and 10 dinars and 20 dinars.

3. Bank banknotes in other categories, in addition to the categories set forth in paragraph (2) of this article.

4. identify the shapes and designs and other specifications for banknotes, by presidential decree.

Article 36

1. yisk bank issuing coinage for use in the Republic of Iraq, and for the same purpose Mint commemorative coinage to commemorate national events, national or international or historical, scientific, with the possibility of selling all coins outside Iraq at more than face value, as determined by the Bank, either standard coins, as determined by the Bank, either standard coins, may be sold inside and outside Iraq at more than face value, as determined by the Bank and also for the World Bank to allocate all or part of the proceeds of the commemorative coins (typical, everyday), International or regional organizations, scientific institutions, or charitable purposes in Iraq and Arab countries.

2. designates the 1.6 mm sizes and descriptions and coins mentioned in paragraph (1) of this article, and installation of metal, and the allowable variation in weight and metal composition, by presidential decree.

3. coins issued by the World Bank legal tender, and have strong discharge unless it has disposed of illegally, according to paragraph (5) of this article within the following limits:-

A. unlimited for five dinars coin from class and above.

B. reduce 50 dinars coin of dinar class.

C. reduction to 20 dinars for coin categories 500 Fils, or fifty-200 Fils, or cent Fils, or fifty Fils.

D. limit for five dinars coin from less than 50 Fils.

4. the Chambers and semi-official all accept coins from the Bank any amount was, if not disposed of illegally, according to paragraph (5) of this article.

5. wrongful for the purposes of this Act, if the damaged coins or small or cut or reduced or distorted due to normal use does not return, and the Bank to withdraw such coins from circulation and cut or broken or destroyed or minting.

6. the only bank to the right of dissolution and the sale of its minerals, coins or retiring almskomat Mint, or in his possession.

Article 37

1. alpamuk is not required to pay compensation on the paper money lost, stolen or destroyed or damaged both, or part, be payable, in accordance with the conditions established by the compensation for such cards, and the claim for expenses that may arise.

2. the Bank shall not be required to pay compensation for the coin lost, stolen or destroyed or disposed of illegally, he must pay, under conditions established by the compensation of such coins.

Article 38

Public bank takes note of the statement published in the Gazette, declare to other media, the types and specifications of the currency in which decides their circulation.

Article 39

1. Bank yshabr any category of the currency from circulation, for the purpose of replacing, and compensation in nominal legal process, in a statement published in the Gazette, declare to other media, taking into account the following:

A. set an appropriate time for replacement, not less than 30 days nor more than two years.

B-category is decided by illegal currency withdrawn with effect from the expiry of replacement mentioned in paragraph (a) of this article, the bearer can replace the Bank and its branches in the Republic of Iraq during the five years from the date of publication of a withdrawal in the Official Gazette.

2. pays the Bank after the five-year period mentioned in paragraph (1) (B) of this article, to the General Treasury currency which was withdrawn, and that it is not presented for replacement, reduction of the amount paid from the account currency in circulation.

Article 40

1. the Bank reserves of assets as cover for the currency, not less than at any time for the full value of coins, banknotes (except coins) in circulation.

Consisting of those assets from all or some of the following items, as determined by the Council:-

A. gold bullion and/or gold coinage.

B-convertible foreign currencies to banknotes or stocks or defended or certificates of deposit.

C. remittances or Treasury bonds issued by Arab Governments or foreign or international financial organizations or cash in convertible currencies, shall not exceed entitlement to ten years from the date of acquisition by the Bank.

D-SDR assets under the Convention on the International Monetary Fund.

E. Iraq creditor balances in foreign currency, payment agreements or clearance or any other economic agreements.

F. remittances Treasury ausndat Iraqi Government or secured bonds.

G-bond loans granted by the Bank pursuant to article 2, the Minister of finance.

2. must not be less than total assets listed in paragraphs (a-e), (1) of this article in no time (50%) 50% of the currency in circulati

Edited by solbiatodinar
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Listen, I know this really looks good, but both of these guys are pumpers with everything to gian by you going to their web site or lsitening to there conference calls. IMAS cat food advertisements on Pheonixx site...so unless you are looking for a great deal on cat food, pay no attention to this pumper..... :P:P:P

YOU ARE STUPID PHONIEX NEVER STATES A RATE OR DATE AND ALWAYS BACK HIS STUFF UP WITH LINKS SO PLEASE DONT TALK BAD ABOUT THIS MAN WHAT ARE U DOING TO FIND OUT INFORMATION NOW IF HE DIDNT HAVE A LINK I WOULD HAVE NEVER POSTED IT IDIOT! GET A LIFE ! PLEASE HIS FAMOUS WORDS A RE I AM GIVING U FACTS

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1 Troy oz = 31.10 grams

So at that rate $45.00 ( IMF selling gold to centeral banks)

1 Iraqi Dinar would be valued at: $ 3.60

$45.00 divided by 31.10 = $1.44

$1.44 X 2.48828 = $3.60

Read more:

WHAT ? IS he trying to say that gold sells for 45.00 an OUNCE ?

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1 Troy oz = 31.10 grams

So at that rate $45.00 ( IMF selling gold to centeral banks)

1 Iraqi Dinar would be valued at: $ 3.60

$45.00 divided by 31.10 = $1.44

$1.44 X 2.48828 = $3.60

Read more:

WHAT ? IS he trying to say that gold sells for 45.00 an OUNCE ?

NO THEY ARE SAYING IMF SOLD SOME TO CENTRAL BANKS AT 45.00 A OUNCE

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All that math does is tell how much it would cost the cbi to back each dinar. If that news were true then the dinar would be worth the market value of 2.8g of gold. So one dinar would be worth about $117 on todays market. Also, 3.6 x 28 trillion = way more than Iraq can pay for their currency. Not feasible in the least.

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Listen, I know this really looks good, but both of these guys are pumpers with everything to gian by you going to their web site or lsitening to there conference calls. IMAS cat food advertisements on Pheonixx site...so unless you are looking for a great deal on cat food, pay no attention to this pumper..... :P:P:P

IMHO, You can't listen to any two better people then these two....I happen to know they are very good folks....And there are many here who would agree with me in a heartbeat.....They are and always have been about integrity....You can BANK on that!!! <_<
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There is NO way the IMF is selling Gold for 45.00 an ounce. This is BS ...Phoenix is smarter than that

This is the price between central banks...Here is the link:http://www.imf.org/external/np/exr/facts/gold.htm Sorry about that :http://www.imf.org/external/np/exr/facts/gold.htm Edited by Serenity
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NO THIS IS ONLY FOR THE PURCHASE FROM CENTRAL BANKS TO PUT ON THERE MARKETS.

Sorry this is NOT possible.... IF it was all any country would have to do to get rich is buy more and more gold from the IMF and sell it to the public for a very healthy profit. Just not feasible at all

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