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Walkingstick:  Iraq ranked 37th globally B89.8 tons of gold reserves

Author: HAA, HH    Editor: HH, NS 2016/01/16 13:39
Long-Presse / Baghdad

World Gold Council revealed on Saturday that Iraq’s reserves of gold of 89.8 tons, to go back on 2014, during which amounted to about 90 tons, and as he emphasized that it represents 4.6% of its reserves of foreign currency, pointed out that Iraq is ranked 37th among 100 the state, which has reserves of gold.
World Gold Council said in a statistics published for the month of January 2016, and seen by, the (long-Presse), said that “Iraq’s reserves of gold remained stable and did not change, reaching 89.8 tons,” noting that “this amount represents 4.6% of its reserves of foreign currency.” .
He said the Council, that “Iraq did not buy gold since the last buy him in April 2014 that bought the then 15.16 tons,” he said, adding, that “Iraq is ranked 37 among 100 countries, which has reserves of gold by global central bank report reserves” .
The Central Bank of Iraq announced on Thursday (April 3, 2014), and access to the gold reserves of 90 tons to support the value of the Iraqi dinar, noting that it contributes to the strengthening of the national economy.
The Central Bank of Iraq announced, during the month of March 2014, to buy 36 tons of pure gold to raise its capacity backup, he returned it aims to achieve “the highest safety of the financial” for Iraq in the world
http://almadapress.com/ar/news/63057/%D … 8%AD%D8%AA
Walkingstick:  World Gold Council: Iraq’s reserves of gold represents 4.6% of its reserves
Saturday January 16, 2016 10:31
said the World Gold Council, the Sabbath, that the reserves of Iraq of gold represents 4.6% of its reserves of foreign currency, adding that he occupies the 37th place among these countries. According to the Council at its website by Statistics his last for the month of January 2016 and seen it Alsumaria News that “Iraq’s reserves of gold remained stable and did not change, reaching 89.9 tons,” pointing out that “this amount represents 4.6% of its reserves of foreign currency.”
The Council added that “Iraq did not buy gold since the last buy him in April 2014 in which 15.16 tons bought,” noting that “Iraq was ranked 37 out of out of 100 countries, which has reserves of gold that have been included within the global central bank report of the reserve. “The central bank decided on January 23, 2014 SEC variety of alloys of pure gold ranging weights between (50 g and 1000 g) to sell to the dealers in gold, investors and segments of society wishing to do so in Iraqi dinars. and founded the Iraqi Central Bank independent bank under the law issued on the sixth of March of the year 2004, as an independent body, which is responsible for maintaining price stability and the implementation of monetary policy, including exchange rate policies being sessions daily for buying and selling currencies.
http://www.alsumaria.tv/news/157066/%D8 … -%D8%A7/ar
Walkingstick:  Central: Iraq has enough hard currency
BAGHDAD / Obelisk: The Central Bank announced that Iraq has the hard currency enough to cover imports only six months, while the central bank plans to issue international bonds two billion dollars, during the current year 2016.
The governor of the bank in a statement on the Keywords I followed “obelisk”, he said Iraq currently intensify efforts towards borrowing from international institutions to bridge the fiscal deficit.
He assured the Governor of the Central Bank of the citizens of the lack of fear of the rise in the dollar’s exchange rate against the Iraqi dinar revealing the launch of local bonds worth $ 5 billion to provide liquidity to the state.
He added that the central bank has foreign currency is the weakness of the local currency in the market, that what happened in the market during the past few days are the attempts to involve the kind of speculation and profit-taking, and may also involve other targets did not mention, but these are referred for an emergency on the market will not stand in front of the central bank’s policy.
http://almasalah.com/ar/news/67831/%D8% … 9%84%D8%B9
Dnari131:   Clever and Deceptive imo if I’m reading this correctly..all coming out on a Friday afternoon holiday weekend…not a bail out but a “bail -..” (see article below)
MountainMan:  GREAT POST…..WHY???……Because it’s “FULL of GOLD”….”FOOLS GOLD” that is!!!……REMEMBER WHY??? DOC…..said…..SECURITIZE your NEW ASSETS…ie Your CURRENCY???……
Because of this VERY ARTICLE…..The BANKS and FEDS are “MARRIED” ……..However THEY will NOT DIVORCE One Another…..EVER!!!…….
Like A Coyote WHO PREYS Upon it’s PREY……So too “We The People” and Our BANK ACCOUNTS become COLLATERAL DAMAGE w/ NO Remorse or MORAL CONVICTION!!!……..
So “THE MORAL of THE STORY”……is…..If YOU and I don’t COVER OUR Assets as THEY WILL Cover THEIRS…… w/ YOURS and MINE =….”BAIL INS”…… are The “NEW SHERIFF” in Town…….and “TRADING PLACES” will become The NEW GLOBAL REALITY to those whom Refuse to take HEED as a “GOOD STEWARD” of Your HEAVENLY INHERITANCE!!!……
DIVERSITY of ASSETS is NOT a Dirty WORD….in fact I’ll Bet in DAVOS,SWITZERLAND where ABADI and Many other ELITES will be this Month……It would do us WELL to LISTEN to the COYOTES HOWL…..”As THE GLOBAL PARADIGM TURNS!!!……IMO
Banks post ‘living wills’ showing how they would avoid U.S. bailout
Markets | Fri Jan 15, 2016 3:03pm EST Related: REGULATORY NEWS, BREAKINGVIEWS
More than 120 banks and other financial institutions on Friday posted plans for how they would wind down operations during a crisis, without the help of public money.
U.S. regulators will scour those “living wills” to make sure they are credible. Under the 2010 Dodd-Frank Act, the federal government can carve up a bank if regulators do not believe its plan is workable and in recent years they have faulted more than a dozen banks for drafting overly optimistic or not credible plans.
Regulators have not, however, begun the process of breaking up a bank.
General Electric Capital Corporation (GE.N), Prudential Financial (PRU.N) and American International Group (AIG.N) posted their plans, which were originally due July 1, along with other institutions with assets of less than $100 billion. A handful of the banks publishing wills have more than $100 billion in assets, but less than $250 billion, such as RBS (RBS.L).
In July, the Federal Reserve and Federal Deposit Insurance Corporation told GE, Prudential and AIG to provide more information on funding, liquidity and connections to the global financial industry in their living wills. All three non-banks are labeled systemically important financial institutions (SIFIs), more commonly called “too big to fail.”
AIG was a conspicuous part of the financial crisis that began in 2007 and led to Dodd-Frank. It received a bailout totaling $182.3 billion over fears it would bring down the financial system through swaps tied to toxic mortgages.
In its will AIG showed how it has slimmed down. From 2007 to the third quarter of 2015, its total assets shrank 53 percent to $502 billion and its debt decreased 83 percent to $31 billion, according to the plan. It has almost entirely eliminated derivatives exposure and reliance of short-term funding, while divesting more than $90 billion of subsidiaries and properties.
In an emergency, AIG would liquidate non-insurance units under Chapter 11 of the bankruptcy code and place its life insurance business in state receivership, the plan showed. It would split off or re-organize other insurance units. Billionaire investor Carl Icahn, who owns a stake in the company, has recently called for AIG to break itself apart.
Prudential said it would liquidate its derivatives unit and then shoot to keep major units funded, capitalized and operating after they exited either bankruptcy or state rehabilitation. It is now working on collecting more information about its agreements and relationships with affiliates and third parties and protecting its intellectual property.
GE Capital, meanwhile, said its current reductions and planned merger with its industrial mother company would create enough financial strength to drive down the likelihood of bankruptcy. Still, it said it has a resolution plan that would not put financial systems at risk.
(Reporting by Lisa Lambert; Editing by Dan Grebler, Bernard Orr)
This is the link : http://www.reuters.com/article/us-fed-b … SKCN0UT1ZB