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Here's some articles of Dinarian interests... CBI reserves decline due to gold purchases. Iraq increases total gold reserve holdings by another 16%. Treat as rumors. Not verified. Your opine. FROM OTHER SOURCES: In Numbers: The Decline In The Value Of The Reserves Of The CBI. ARTICLE: Manar Al-Obaidi revealed today, Friday (June 7, 2024), a decline in the value of the CBI’s total foreign reserves fell by 2.4%. Al-Obaidi said in a statement, received by “Baghdad Today,” that “the official reserves of the CBI declined in the 5h month of the current year compared to the end of 2023 by 2.4%, so that the value of the official reserves decreased from 147 trillion Dinars in 2023 to reach 143 trillion at the end of the fifth month of the year.” current”. He pointed out that “the CBI’s gold reserves increased by 16% compared to 2023, bringing the value of the gold reserves to 14.3 trillion Dinars, up from 2023, when the value of the gold reserves at the end of last year was 12.3 trillion Dinars.” Al-Obaidi added, “As for the investment reserve, it decreased by 4.68% compared to the end of 2023 & its value this year reached 126.4 trillion Dinars, after it was at the end of last year at a value of 132.6 trillion Dinars.” FROM OTHER SOURCES: An Economic Expert For Nina: Reducing The External Debt To 9 Billion Dollars & Reducing The Budget Deficit Will Be The Beginning Of Broader Economic Activities In Iraq. ARTICLE: Economic affairs expert, Raad Tawij, confirmed that the actions & achievements of the Prime Minister give flexibility to the Iraqi economy, indicating that reducing the external debt to 9 billion Dollars & reducing the budget deficit to 63 billion Dollars will be the beginning of broader economic activities. Tawij said in a statement to the National Iraqi News Agency ( NINA 😞 “The role of the PM & his work in developing infrastructure, roads & bridges, health projects, productive diplomatic relations & his interests in communicating with different social segments, give great scope & flexibility for the Iraqi economy to move to greater extents.” He stressed . “Reducing the external debt to the lowest possible amount, approximately 9 billion Dollars & reducing the budget deficit to 63 billion Dollars will be the beginning of broader economic activities, the most important of which is the road to development.” FROM OTHER SOURCES: A “Strategic Partnership” Between Kurdistan & The International Development Bank. ARTICLE: The International Development Bank signed a partnership contract with the Kurdistan Regional Government to implement the “My Account” project, which aims to localize the salaries of regional government employees. This important step came in conjunction with the bank’s efforts to expand in the region, as part of its strategic plan that aims to enhance its business & increase the number of its branches in the region, which currently number 3 branches. This partnership is a major achievement within the framework of efforts aimed at spreading & strengthening the culture of electronic payment & achieving financial inclusion, in implementation of the directives of the CBI. The International Development Bank aims to continue its efforts in the field of disseminating electronic payment methods in the region, by activating more ATMs & the bank’s POS points of sale. The bank also intends to open its 4th branch in the region during the current year. Aziz Ahmed – Deputy Director of the Office of the PM of the Kurdistan Regional Government praised the efforts of the International Development Bank & its contribution to developing the financial system of the region, by providing various facilities & financial services that contribute to achieving this purpose. For his part, Ziad Khalaf, Chairman of the Board of Directors of the International Development Bank, stressed the importance of signing this partnership with the Kurdistan Regional Government to localize the salaries of regional government employees & provide all the facilities that contribute to achieving this goal smoothly & with great flexibility. FROM OTHER SOURCES: Baghdad Praises Its Financial Budget & Confirms: We Have Important Projects In 2024. ARTICLE: The Governor of Baghdad, Abdul Muttalib Al-Alawi, announced a package of projects in various sectors within the budget for the current year 2024, while confirming that the governorate’s allocations in the Budget were good. Al-Alawi said, “The financial allocations to Baghdad Governorate within the current year’s budget, 2024, are good,” explaining that “the government and the Parliamentary Finance Committee have an understanding and knowledge of the real needs & required resources in Baghdad.” He added, “There is continuous communication with the government to meet the special needs required for the projects that will be implemented.” He pointed out that “the governorate has several important projects during the 2024 Budget, including projects in the water sector & building schools & roads, as well as the construction of pedestrian bridges that will be implemented in all areas of Baghdad, the paving of main roads, & strategic projects for sewers at the four entrances to the capital, in addition to the almost completed hospitals, which are “Health centers & strategic water projects will be opened soon.” He stressed that “all project packages will be placed on the list of priorities of Baghdad Governorate in stages of implementation, whether within last year’s 2023 budget or in the 2024 Budget.” FROM OTHER SOURCES: OPEC Plus Assurances Raise Global Oil Prices. ARTICLE: Oil prices rose today, Friday, as assurances from OPEC Plus members Saudi Arabia & Russia indicated readiness to halt or cancel production increases, but the markets are heading towards incurring losses for the 3rd week in a row. Brent crude futures rose two cents to $79.89 per barrel & US West Texas Intermediate crude futures rose four cents to $75.59. Prices rose yesterday, Thursday, when Saudi Arabia and Russia tried to reassure the markets about production agreements, but oil is on its way to recording losses for the 3rd week in a row. The Organization of the Petroleum Exporting Countries & its allies, including Russia, agreed to extend most of the production cuts until 2025, but they left the way open for eight members to gradually cancel the voluntary cuts. Saudi Energy Minister Prince Abdulaziz bin Salman said yesterday, Thursday, that the OPEC+ alliance can stop or cancel production increases if it finds that the market is not strong enough.