BGG This is / has been / will be... an investment. NOT A GUARANTEED TICKET, not a bail-out, not a "show-me-where-to-push" so I can get rich button.
It is, by many economists reporting - a grossly under-valued currency on the verge of "repositioning". A currency - an investment...
Q: [I heard that when they close their borders is a positive sign.]
wmawhite I have never understood what the closing of the borders would have to do with the IQD changing in value "outside" of Iraq...it never made any sense to me.
[I heard it was from when they revalued their currency years ago...they prevented people from coming in to country to exchange... their was just a few days to do it in.]
wmawhite This is why I don't get that reasoning...inside Iraq the 1 IQD will equal 1 IQD...regardless what the exchange rate will be out of Iraq. If you took your IQD today and went to Iraq you would receive 1 IQD for every 1 IQD you have...and even after the IQD changes in value...you will receive 1 IQD for every 1 IQD you have...and yes...it will have more value outside of Iraq...and that is important OUTSIDE of Iraq...
DanBlessed: Never give up on something that you can't go a day without thinking about.” ― Winston Churchill
Already Blessed: DON'T GET CAUGHT UP IN THE RATES PLEASE.....THEY HAVE BEEN ALL OVER THE BOARD FOR YEARS AND HAVE CHANGED HUNDREDS OR THOUSANDS OF TIMES....BE FLEXIBLE...GO WITH THE FLOW AND REMEMBER YOU ALREADY KNOW WHAT YOU KNOW!
G T July 17, 2015
Kurdistan imports 26 tons of gold during the first half of 2015
Sunday, 12 July 2015 13:41
Shafaq News / According to the Directorate of quality control of jewelry in Kurdistan Region, on Sunday, Kurdistan region has imported 26 tons of gold over the past six months,
as registered a relative decline higher than imports for the same period of last year due to the economic crisis experienced by the region.
The director of quality control for jewelry , Bakr Aziz said in a statement received by Shafaq News, that the imported gold amount to the region over the past six months amounted to 26 tons divided by 8 tons and 200 kg by Erbil International Airport, and 16 tons and 700 kg through Sulaymaniyah International Airport while Dohuk imported one ton during the same period only.
He explained that most of the gold inflows to the region was imported from UAE and Turkey, indicating that a decrease has been recorded in the amount of imported gold over the same duration of last year because of the economic situation experienced by the region.
G T: UPDATE 3-China gold holdings jump 57 pct in 6-year reserve update
Fri Jul 17, 2015 11:52am ED
* GRAPHIC-Central bank gold reserves: http://link.reuters.com/xev25w (Adds background, detail, graphics)
BEIJING/LONDON, July 17 (Reuters) - China's gold reserves stood at 1,658 tonnes at the end of June, the central bank said on Friday, up 57 percent from the last time it adjusted its reserve figures more than six years ago.
Despite the tonnage increase, gold now accounts for 1.65 percent of China's total forex reserves, against 1.8 percent in June 2009. The United States, the biggest official sector gold holder, holds nearly 73 percent of its reserves in gold.
The figures make China the world's sixth largest official sector gold holder after the United States, Germany, the International Monetary Fund (IMF), Italy and France.
Speculation in the gold market has been rife in recent years over the size of official sector reserves in China, which is the world's biggest producer of the precious metal and vies with India for the title of number one consumer.
China considers its gold holdings a state secret and does not report its holdings on a monthly basis to the International Monetary Fund as most other countries do.
It last adjusted its reserve figures in April 2009, when the level was lifted to 1,054.1 tonnes from 600 tonnes.
In a statement, the People's Bank of China said investment in gold would be beneficial for risk management.
"On the basis of our assessment of the value of gold assets and our analysis of price changes, and on the premise of not creating disturbances in the market, we steadily accumulated gold reserves through a number of international and domestic channels," it said.
The increase, which amounts to 604 tonnes, worth $21.964 billion at today's prices, would help guarantee the security, liquidity and value of China's international reserves, it said.
It said it would remain flexible when deciding whether or not to adjust gold reserves in the future.
A WikiLeaks cable in 2011 cited a Chinese newspaper as saying that the country's large gold reserves would be "beneficial in promoting the internationalization of the RMB." (http://wikileaks.org/cable/2009/04/09BEIJING1134.html)
"There has been ongoing market chatter that China had been amassing gold, and that had gained more importance ahead of October, when the Chinese want to be included in the SDR. It was felt by many that they would be more open, and that would mean revealing any increase in their reserves," Societe Generale analyst Robin Bhar said.
Chinese state news agency Xinhua reported in March that Chinese Premier Li Keqiang has asked the head of the IMF to include the yuan in its special drawing rights (SDR) basket, currently made up of dollars, yen, pounds and euros.
There was little immediate impact on gold prices on Friday. Spot gold was steady in the wake of the announcement, though it later slid to its lowest in more than five years after U.S. housing and inflation data boosted the dollar.
"This (figure) was not unexpected. If anything, it was slightly surprising that it wasn't more," Bhar added. "The market was looking at a figure north of 2,000 tonnes." (Reporting by David Stanway and Koh Gui Qing in Beijing, Jan Harvey in London; additional reporting by A. Ananthalakshmi in Singapore; Editing by Tom Hogue and David Evans)
[arizona49] 7/17/2015 Wasit markets experiencing crowded with customers in preparation for Eid al-Fitr, despite high prices >>>> Tomorrow Press / Wasit:
witness the city of Kut markets, since almost three days hordes of shoppers who flock to buy food and clothing, and in spite of rising prices, but the families and families Waasitiyyah living in a state of alert in the journey to find clothes feast and prepare desserts.
Or expected, says a mother of four children in a special interview with "tomorrow Press" "families began their preparations for it and to receive the day of Eid al-Fitr Among these preparations buy clothes, especially baby clothes and confectionery" Alklijh. " She explained or expected, aged 32 years, "despite the fact that manycitizens living exceptional circumstances due to limited incomes, but the markets are packed with customers since three days or more."
And it showed "usual and ahead of the advent of Eid rising clothing prices, especially baby clothes making the head of the family to reconsider their positions in front of a thousand times the price rises and even that some people resort to bale markets to buy clothes and drawing feelings of joy and delight on the faces of their children." .....
the President of the Council of Wasit province Mazen Kndouh Zamili said for "tomorrow Press," "We congratulate the people of Wasit province near the solutions-day Eid al-Fitr," he underlined, "We stand with the poor to enter the joy and Pleasing to their homes through the distribution of Eid clothes for the families of needy and orphans. " READ IN FULL:
Ryan1216 : Frank I have question. If the lower denoms and the rate don't come out this month which is the middle of the year. Do you think Shabibi/Abadi will put off the RI RV until next year and say that it's too late to do it in this current year of 2015 since it's pass the beginning/middle of the year? Sorry to bother you Frank and thank you in advance for answering my question. I appreciate all you and your team do. Frankie!!! Frankie!!!
Frank26: Friend ....... i do not know about Your suggested time frame nor do i feel DRS / A are on one ....... We as investors are. They simply do THE MR as a constant Lava Flow of progress.
Whether or not it be at the start .... Middle or end of a year ..... NOTE: all three are separated by only 4 months.
My private Time Frames with my TEAMS are 4 months at a time.
So to me there is no ....."putting off".
There is only advancement in it ..... imo.
You simply smell the same stench of 1166 .......... Ambrosia is coming from a New Horizon.