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World Gold Council: Iraq ended 2019 without buying anything from it


yota691
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  • yota691 changed the title to The world's gold reserves rise the month of June and Iraq maintains the fifth Arab rank

The world's gold reserves rise the month of June and Iraq maintains the fifth Arab rank

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The world's gold reserves rise the month of June and Iraq maintains the fifth Arab rank

 

08-06-2017 01:45 PM

 

Euphrates -

 

World Gold Council announced that the world's gold reserves rose this month in June, noting that Iraq maintained the Arab fifth of the world's reserves rank.

The Council stated in statistics published on its website that the world 's gold reserves rose for the month of June by 51 tons for the month of May for up to 33 425 tonnes, while the United States ranked first globally in terms of these reserves , which amounted to 8.133.5, followed by Germany b 3.377 tons. 
The Council added that Iraq maintained the fifth Arab rank in terms of these reserves , as they came after both Saudi Arabia, Lebanon, Algeria and Libya, noting that Iraq maintained also ranked 37 globally out of 100 countries listed in the international financial statistics for global reserves of gold during the month of June of this year 2017. noting that Iraq 's reserves of gold remained steady as recorded 89.8 tonnes, representing 8.0 from the rest of the other currencies, stressing that the last purchase of Iraq gold was in the month of April in 2014 where 15.16 tons bought.

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10/06/2017 (00:01 pm)   -   Number of readings: 175   -  number (3945)
 
 
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 Baghdad / term 
 

 

World Gold Council, announced on Thursday that the world 's gold reserves rose this month in June, indicating that Iraq maintained the Arab fifth of the world 's reserves rank. 
The Council stated in statistics published on its website and seen long, he said , "the world 's gold reserves rose for the month of June by 51 tons for the month of May to reach 33 thousand and 425 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 council said that "Iraq has maintained its fifth among Arab countries in terms of these reserves , as they came after both Saudi Arabia, Lebanon, Algeria and Libya , " noting that "Iraq maintained also ranked 37 globally out of 100 countries listed in the international financial statistics for global reserves of gold during the month of June of the year 2017 ". 
The Council noted that "Iraq 's reserves of gold remained stable recorded 89.8 tonnes, representing 8.0 from the rest of the other currencies , " noting that " the last purchase of Iraq gold was in the month of April in 2014 where 15.16 tons bought." 
The issue of Iraq, the same place in the past two months, after the World Gold Council, announced the world 's reserves of gold rising in the months of April and May, noting that Iraq maintained the fifth Arab rank global reserves. 
Decided the Central Bank of Iraq at the end of January 2014 , seeks a variety of alloys of pure gold ranging between weights (50 g and 1000 g) to sell to gold traders, investors and segments of society wishing to do so in Iraqi dinars. 
The report pointed out that the United States ranked first in the world gold reserves amounted to 8133.5 tons, which constitute 73.3% of total reserves, while Germany ranked second worldwide reserves reached 3381 tons (forming 67.4% of the total reserves). 
While China came, the second largest economy in the world, ranked the 6 global reserves of gold reached 1778.5 tons, which is equivalent to 1.9% of the total reserves. It pushed the global economic crisis in 2008 and the implementation of the United States policy of quantitative stimulus, prompted China 's central bank to start the yellow metal storage. 
Reached Turkey, which accounted for commercial bank reserves of gold reserves , part of the national reserves, it amounted to 516.7 tons of gold, what security has ranked 12 globally.

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  • 1 month later...

of Iraq has the fifth gold reserves in the world "and denied" the Kurdistan region of it

Iraq has the fifth gold reserves in the world "and denied" the Kurdistan region of it

 2 hours ago

 

 

Twilight News / announced the Central Bank of Iraq, about the bank 's gold reserves of 90 tons , which occupies a global rank high, while Vice Kordih confirmed that the bank does not give the Kurdistan Region share of the reserve. 

A spokesman for the Central Bank of Iraq Acer Jabbar said the total gold reserves in the Bank of 90 tonnes , and thus occupies the thirty - seventh globally and seventh Arab rank. 

For its part , he confirmed a member of the Finance Committee in the House of Representatives of the Iraqi Kurdistan Alliance Najiba Najib said the central bank has reserves including gold reserves, pointing out that the Kurdistan Region 's share of the reserve is 17%. 

Najib, however the central bank deprives the region of reserves and seizes its share, indicating that about 4 tons of gold at least is the share of the province and Baghdad is not granted to him. 

It is worth mentioning that the Iraqi Central Bank reserves of gold in 1012 was only 30 tons, he arrived three times now.

 

Keywords: 

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24 minutes ago, Donziman said:

Looks like a type error on the 30 ton year not 1012 but 2012.

Question is : Why would Keywords be pointing this out now?

May be making it's case that the country has reserves to justify a new dinar rate. Add this to it natural resource and funds being released. Dinar may be worth more than .00086.  

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31 minutes ago, SocalDinar said:

Kurds do not get the gold period.  The Central backs the dinar with this commodity.

 

But this Article is deceiving!.

Iraq is not even close to the fifth in Gold reserves

India is 10th in the world with over 550 Tonnes

Think they are 35/38 maybe higher but I think they mean 5th in the M.E. maybe

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32 minutes ago, danielchu said:

The kurds are entitled too the 17% as required in the constitution! Why shouldnt they recieve it?

 

 

Because the Central Bank is an independent agency.. Just like the Federal reserve is not part of the US government. The Fed is a unique public/private structure that operates within the government, but is still relatively independent of government to isolate the Fed from day-to-day political pressures in fulfilling its varying roles. This is why Maliki was not able to acquire funds from the CBI. 

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1 hour ago, SocalDinar said:

Iraq is not even close to the fifth in Gold reserves

A spokesman for the Central Bank of Iraq Acer Jabbar said the total gold reserves in the Bank of 90 tonnes , and thus occupies the thirty seventh globally and seventh Arab rank. 

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Danielchu the Kurds are entitled to 17% of the operating budget. That has absolutely nothing to do with the reserves at the CBI. Two completely separate issues. One pays for the day to day expenses that the government incurs the other backs the value of the currency. Now do you think that it is a good idea to dip into the reserve that backs the currency because the Kurds say they are entitled to it? It's not even the Kurds anyway, its more than likely the Barzanis and their loyalists trying to steal yet another chunk or Iraqi wealth.

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  • yota691 changed the title to World Gold Council: Iraq ended 2019 without buying anything from it

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