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mike alfred

The Recent Gold Purchase, Iraqi Dinar RV and the Dream of Stable Economy - 0 views

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    The central bank of Iraq purchased 36 tons of the gold ingot in the month of April 2014 to increase the gold reserves of the country and ultimately to enhance the value of Iraqi dinar in local and international market. this purchase increased the gold reserves of Iraq by 90 tons in 2014. The purchase of this huge quantity surprised economists all over the world.
mike alfred

CBI (Central bank of Iraq) Recent Purchase of Gold - 0 views

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    The Central Bank of Iraq has recently purchased the heavy amount of gold. It is about 36 tons of gold purchased by the CBI in the previous month. The central bank is always making plans to stable the country's position and the value of its currency. Time by time, it is making different plans and implement on that. It is a big step to invest in heavy amount of gold.
mike alfred

Current Gold Reserves Enough For Revaluation - 0 views

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    Iraq purchased 36 tons of gold in at the end March 2014 to increase the value of dinar in the international market. This high value purchased of gold surprised the whole world. Central bank of Iraq is planning to purchase more gold in near future that will further enhance the value of Iraqi dinar in the international market.
mike alfred

Finance Committee Announces The IQD is Stable - 0 views

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    The purchase of gold is being considered as a wise decision on the part of central bank of Iraq but you cannot expect dramatic changes in the exchange rate of Iraq because there are many other factors that need to be considering after this purchase that can make or break this deal. The overall economic condition of Iraq is satisfactory even with the terrorism issue.
mike alfred

Iraq Purchases Further 34 Tons of Gold - 0 views

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    The Central Bank of Iraq announced that the gold reserves of Iraq have reached 112.4 tons this month, with the hope that Iraqi dinar will regain its value back in the market. This is the highest figure of gold reserve in the history of gold reserves of central bank of Iraq according to world gold council.
mike alfred

The Central Bank Sales in Excess of 152 Million Dollars in Monday's session - 0 views

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    Sales of the Iraqi Central Bank declined at an auction, on Monday, on the sale and purchase of foreign currencies registered sale 152.534 million compared with 169.385 million dollars was recorded at an auction yesterday, and a stable exchange rate at 1166 dinars per dollar.
mike alfred

HIGH DOLLAR SALES AT AUCTION WEDNESDAY - 0 views

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    Sales of the Iraqi Central Bank of the dollar at an auction sale and purchase of foreign currency on Wednesday to 218 million and 874 000 dollars, after it yesterday reached 207.178 million dollars at the exchange rate stable in 1166 dinars per dollar.
mike alfred

Iraq's Pure Gold Reserves Reach Up to 90 Tons - 0 views

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    The central bank of Iraq surprised the whole economic world with the purchase of 36 tons of pure gold and doubled its gold reserves. According to report it is one of the largest gold deal that central bank of Iraq made ever in the past. There are different statements about gold reserves of Iraq now.
mike alfred

Gold Prices Decrease to Cast a Negative Impact on Dinar Value - 0 views

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    Experts: Gold Prices Decrease to Cast a Negative Impact on Dinar Value Central bank of Iraq purchased 36 tons of gold last month to stabilize the value of dinar in the local and international market. The bank is planning to buy more gold in the near future that will further help central bank to control the value of dinar and stabilize it in the market.
mike alfred

Gold Prices Rise in The Market After Violence in Iraq - 0 views

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    Iraq is one of the biggest traders of gold in the market nowadays. Iraq focused on the international trade in gold rather than dollar or any other currency of the world. The aim is to enhance the value of its currency in the international market and to stabilize its economy. Iraq made some big deals that surprised the world in the gold. In 2014 only, the central bank of Iraq purchased more than 80 tons of the gold ingots from international market.
mike alfred

Dollar Sales Low Again - 0 views

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    Iraqi Dinar 123 News :- It was reported by the CBI that the sales for the dollar fell on Monday. The Central Bank of Iraq holds five sessions of auction every week. This auction session is attended by several banks everyday and they sell and purchase dollars from the Central Bank.
mike alfred

Increase in Financial Deposits in Iraqi Banks - 0 views

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    After purchase of 36 tons of gold, the worth of dinar increased in local market of Iraq. That's why the deposits in government and private bank are increasing with the every passing day. The private association executive director Abdul Aziz al Hasoon told that the volume of cash deposited has grown this year to about 70 trillion Iraqi dinars.
mike alfred

CBI, IMF and WB Meeting and Its Impact on RV - 0 views

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    We have seen few sudden changes in the economy of Iraq after the meeting between central bank of Iraq, International Monetary Fund and World Bank. The central bank of Iraq decided to reprint the notes of different denomination, decided to purchase more gold to increase the value of dinar in the local and international market and then invited different money exchange companies to sell dollars in the auction of central bank.
mike alfred

CBI Dollar Sales Go Up Again - 0 views

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    As per the Press reports; the sales of the CBI dollar went up to 172.713 million dollars. The auction was done on Thursday in such a way that the sale and purchase of the foreign currencies was stable at the dinar rate of 1166 against the dollar.
mike alfred

New Dinar Monetary Policy of Iraq - 0 views

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    Iraqi Dinar 123 News :- Iraq determined the value for the monetary policy of the dinar. It was important because Iraqs' major export is based on oil. All those people who have invested in the dinar should know that the dinar has a good purchasing power and it requires a good system of management due to the rapid increase in the production of oil.
mike alfred

The Central Bank Warned Against Dealing Bitcoin - 0 views

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    The central bank of Iraq warned commercial banks of Iraq to avoid dealing with the currencies not directly coming from central bank of Iraq. Central bank of Iraq especially warned commercial banks against use of Bitcoin in their dealing to avoid any currency scam. Bitcoin is the digital currency used for internet sales and purchase.
mike alfred

Present Era About Iraqi Dinar - 0 views

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    The present era is obsessed by the convenience and currency. The buyers and speculators are looking for investment choices that are cautious in order that it accumulates to their financial assets and savings, and their families as well as future of themselves are secured. There are numerous ways to make investment in money.
mike alfred

The Sales of US Dollar Reaches 299,000 at Auction - 0 views

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    The money exchange companies are allowed to open direct account in the central bank of Iraq to sale and purchase US dollars at central bank auction. The money exchange companies have independent accounts but they don't operate independently.
mike alfred

Expectations of Dinar Revaluation - 0 views

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    The central bank of Iraq surprised the whole world with the recent trade of gold. The gold reserves of Iraq have doubled now after this purchase of 36 tons of gold. The recent gold reserves of Iraq are 63 tons after addition of 36 tons in the total gold reserves of Iraq.
mike alfred

International Investment Conference to Hold in Iraq - 0 views

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    here is going to be an international Dhi Qar investment conference which would bring betterment in the international investment and other sectors accordingly. Through the financial crisis of the country they need a good plan to gear up and bring out a better system of management for Iraq. The oil purchases and the sales along with the trade going on at the docks if done in a better way would be a good thing for Iraq.
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