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5 Arab countries including Iraq in the list of the largest gold reserves in the world

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Is it just me or does it seem like they have had about 96 tons for years now could have swore I saw something saying they had about this much years ago anyone remember this?

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21 minutes ago, Chabo1 said:

Is it just me or does it seem like they have had about 96 tons for years now could have swore I saw something saying they had about this much years ago anyone remember this?

Chabo1,

Iraq increased reserves last year by 6.45 tons, bringing the total gold holdings to 96.3

Tons. "The report said that «Iraq reserves amounted to the end of the third quarter of 2018 about 96.3 tons, plus $62 billion dollars in foreign currency reserves.

 

All this gold and foreign currency reserves are to backup the new value of the

iraqi dinar in the near future.

 

Go CBI

Go gold reserves 

Go foreign currency reserves 

Go real value 

Go purchasing power 

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11 minutes ago, Chabo1 said:

Thanks LB! I like your style!😎

Thanks my friend Chabo1👍🏼😊🙏🏼

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On 2/21/2019 at 11:52 AM, Laid Back said:

Chabo1,

Iraq increased reserves last year by 6.45 tons, bringing the total gold holdings to 96.3

Tons. "The report said that «Iraq reserves amounted to the end of the third quarter of 2018 about 96.3 tons, plus $62 billion dollars in foreign currency reserves.

 

All this gold and foreign currency reserves are to backup the new value of the

iraqi dinar in the near future.

 

Go CBI

Go gold reserves 

Go foreign currency reserves 

Go real value 

Go purchasing power 

Man that is looking good.

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 Market


Economy News _ Baghdad

Iraq maintained its fifth Arab position with the largest gold reserves for March. 
The World Gold Council, in its statistics, followed by "Economy News", "Iraq maintained its fifth position in the Arab largest reserves of gold for the month of March after each of Saudi Arabia, Lebanon, Algeria and Libya, where these reserves amounted to 96.3 tons, representing 7% of the rest of the other currencies" "Noting that" the Arab countries have not bought any amount of gold so far this year. " 
He explained that "Iraq also maintained the rank of 37 out of the 100 countries listed in the international financial statistics of the global reserves of gold," pointing out that "the last purchase of gold for Iraq was in September of 2018 and the amount of 6.5 tons." 
"China was the biggest buyer of gold during the month of March, with 11.8 tons followed by Turkey by 7.
"The United States continues to occupy the throne by occupying the world number one in terms of reserves of 8.133.5 tons, followed by Germany with 3.369 tons."


Views 19   Date Added 12/03/2019

 
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Tuesday, March 12
 
 
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Alsumaria News / Baghdad 
announced that the World Gold Council on Tuesday that Iraq kept his fifth Arab largest gold reserves for the month of March, indicating that the Arab countries did not buy any quantity of gold so far this year. 

"Iraq maintained its fifth position in the Arab world with the largest reserves of gold for the month of March after Saudi Arabia, Lebanon, Algeria and Libya, where these reserves reached 96.3 tons, which represents 7% of the rest of the other currencies," the council said in a statistical report published on its website and viewed by Alsumaria News. That "the Arab countries have not bought any amount of gold so far this year."


"Iraq also maintained 37th place out of 100 countries listed in the international financial statistics of the world's gold reserves," the council said, noting that "the last purchase of gold for Iraq was in September of 2018 and the amount of 6.5 tons." 

China was the most gold-buying country in March with 11.8 tons, followed by Turkey with 7.6 tons, while the top gold-selling countries during the same month were Uzbekistan with 12.4 tons, he said, adding that "the United States remains on the throne by occupying the first place Globally in terms of these reserves, which amounted to 8.133.5 tons, followed by Germany with 3.369 tons. 

The World Gold Council, based in the United Kingdom, has extensive experience and deep knowledge of the drivers of market change and its members are among the world's largest and most advanced gold mining companies.

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Iraq's reserves of gold go up to 96 tons

Economy | 09:29 - 19/03/2019

 
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Baghdad Mawazine News

The Central Bank of Iraq announced on Tuesday the growth of foreign reserves by 32.6% in 2018, while also announced that Iraq's reserves of gold 96 tons. 
"Foreign reserves report showed a positive performance in 2018 compared to 2017 as foreign reserves grew by 32.6%, driven by the positive difference between dollar purchases from the Ministry of Finance and sales through a sales window Foreign currency in addition to the profits realized from the proceeds of the investment portfolio in various segments. "
"At the investment level, the portfolio grew by about 25 percent in 2018 in 2018 as a result of the positive difference between the central bank's purchases of the dollar and its sales, as well as the conversion of a large portion of other currencies due to maturity Some investment instruments and returns to the US dollar. " 
He pointed out that "gold rose in value in 2018 by about 6% than in 2017, as a result of increased investment in this asset, and the gold reserves of the Central Bank of Iraq about 96 tons in 2018. 
According to the statement, Iraq ranks fifth in the Arab world and ranked 37th in terms of gold reserves, and Iraq was one of the largest buyers of gold in 2018 along with India, China and Kazakhstan.

is over

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Date of release: 2019/3/19 22:07  364 times read
Iraq is the fifth Arab gold reserve this amount
The Central Bank of Iraq announced on Tuesday the growth of foreign reserves by 32.6% in 2018, while also announced the arrival of Iraq's reserves of gold 96 tons.
"Foreign reserves report showed a positive performance in 2018 compared to 2017 as foreign reserves grew by 32.6%, driven by the positive difference between dollar purchases from the Ministry of Finance and sales through a sales window Foreign currency in addition to the profits realized from the proceeds of the investment portfolio in various segments. " 
"At the investment level, the portfolio grew by about 25 percent in 2018 in 2018 as a result of the positive difference between the central bank's purchases of the dollar and its sales, as well as the conversion of a large portion of other currencies due to maturity Some investment instruments and returns to the US dollar. "
He pointed out that "gold rose in value in 2018 by about 6% than in 2017, as a result of increased investment in this asset, and the gold reserves of the Central Bank of Iraq about 96 tons in 2018. 
According to the statement, Iraq ranks fifth in the Arab world and ranked 37th in terms of gold reserves, and Iraq was one of the largest buyers of gold in 2018 along with India, China and Kazakhstan.
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Alsumaria News / Baghdad 
announced that the World Gold Council , on Tuesday that Iraq 's retreat center and one of the largest gold reserves for the month of March, noting that Iraq kept his fifth Arab. 

The Council said in a statistic published on its website and viewed by Alsumaria News that "Iraq fell to one position, ranking 38 out of the 100 countries listed in the international financial statistics of the global reserves of gold," noting that "the State of Uzbekistan bought a large amount of gold to rank 16 within The world's largest reserves.

 

 


He added that "Iraq maintained its fifth position in the Arab largest reserves of gold for the month of March after Saudi Arabia, Lebanon, Algeria and Libya , where these reserves amounted to 96.3 tons, which represents 7% of the rest of the other currencies," adding that "Arab countries did not buy any quantity Of gold so far this year. " 

He continued, "Russia was the most buying countries for gold during the month of April and the rate of tons, followed by China by 21.8," explaining that "the United States is still on the throne occupying the world ranking in terms of these reserves, which amounted to 8.133.5 tons, followed by Germany With 3.369 tonnes.

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Central banks buy 90 tons of gold in two months

Central banks buy 90 tons of gold in two months

 09 April 2019 03:38 PM
From: Sally Ismail

Mubasher: Central banks' appetite for strong gold reserves remains strong this year as the White Bear continues to make the most buying list.

According to World Gold Council data this week, central banks, especially in emerging markets, bought the yellow metal in February at the highest pace since October 2018.

Most purchased

Net purchases of gold by central banks in February reached 51 tons, with net purchases for the year so far reaching 90 tons.

Nine central banks were able to achieve a significant increase in the size of their reserves of gold in February compared to 10 banks in January.

The Council of Gold explained that Russia, China, Qatar and Kazakhstan were the highest purchase of the yellow metal in February.

 

image.thumb.jpeg.aa9f842331573dcada2a0efbcbc8c13d.jpeg

Most countries buy gold in February - (Source: World Gold Council)

Russia bought 31.2 tonnes of gold in February after boosting its reserves by 6.2 tonnes in January.

After Moscow, China is buying 10 tons of gold in addition to its reserves by the end of February, down from the 11.8 tonnes recorded in January.

Kazakhstan increased its purchases of gold by about 3 tons in February after buying 2.8 tons in the previous month.

Qatar, the Arab world's biggest buyer of precious metals by the end of February, bought 3.1 tonnes after buying 6.3 tonnes in January.

Most possession

Despite strong changes in gold purchases by countries, the top 10 list of gold reserves as one of its global reserves remains unchanged.

Central banks have about 33,871 tons of gold through their reserves, according to the World Gold Council report until April 2019.

The United States holds the top of the list, with the largest reserves of gold with 8.133 thousand tons, accounting for 74.9% of its total reserves.

Germany is also the second largest holder of 3.369 tons of gold, accounting for 70.6% of its global reserves.

The rest of the list also did not see any changes with the IMF remaining in third place, although it is the only one in the ranking of the most dominant countries and means the exclusion of India's accession.

In terms of the fourth and fifth places, Italy and France had a combined holdings of 2.451 tons and 2.436 thousand tons, respectively, or 66.9% and 61.1% of the total reserves of each country respectively.

Russia (2.150 tons), China (1,874,000 tons), Switzerland (1.040 tons), Japan (765.2 tons) and the Netherlands (612.5 tons) occupy the sixth to tenth places respectively.

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An unprecedented attack by central banks on the purchase and storage of gold

Editorial date:: 2019/5/2 13:21  167 times read
An unprecedented attack by central banks on the purchase and storage of gold
{International: Euphrates News} Global central banks continue to carry out the largest historic attack on the purchase of gold. This has been going on since 2010. The most prominent reasons are the global financial crisis that erupted in 2008 and the geopolitical uncertainties sweeping the world, along with the desire to ease the dollar peg, according to follow-up experts.
Statistics show that about 34,000 tonnes of yellow metal is currently in the coffers of global central banks, or 17 percent of the total gold produced in history. At the current market price of an ounce, that "sleeper" wealth is worth $ 1.4 trillion, equivalent to Australian or Spanish output, for example.
After a 20-year sell-off, central banks have been buying heavily since 2010, with purchases in 2018 reaching almost half a century ago. Demand is steady and strong, according to market experts, but the question arises: Why is this demand for the yellow metal at a time when digital and virtual currencies topped their heads? In other words, how can one explain a classical behavior practiced by our forefathers since ancient times in parallel with the millennium generation, which only knows the digital world? What is the need for central banks to gold? Or to these huge amounts of it?
"At the end of the 20th century, the appetite of these banks was open to the sale of the ounces," says an expert in the field. In Belgium, the Netherlands, Argentina, Australia, Canada, Britain, Germany, Switzerland ... and even the International Monetary Fund sold March. This has contributed to the elimination (or liquefaction) of gold price fluctuations in that period, together with the entry of a strong new international currency, the Euro. Some countries have sold gold because their budget deficits have increased and they wanted to invest in assets that generate returns instead of the precious metal that does not generate any returns. " The gold was then glistening, prompting the writers of economists in that period to describe as «useless and useless», especially as it no longer enters the equation of monetary policies and currency coverage.
The situation continued until the financial crisis broke out. In the beginning, Western central banks stopped selling, and then buying started by the emerging countries, which have increased their presence strongly in international trade flows - led by China, which showed an appetite for demand and accumulation, and in the interest of the producing countries, of course. 
The 2008 crisis also showed that liquidity was a high risk for all investors as well as for central banks. At that time, the global financial system was relatively free of free access to the dollar; gold turned into a safe haven. 
Central banks in emerging countries are trying to diversify their reserves away from a "single dollar" to ease the link in the US currency "as much as possible", including geopolitical considerations, structural change in international trade and long-term outlook for the dollar.
Gold buyers have now expanded to include Turkey, Argentina, India, Indonesia, the Philippines and Thailand, whose central banks seek to diversify their reserves. In addition, China, which currently has about $ 79 billion in coffers, is buying up as a tool to increase confidence in the yuan. 
But the most striking and prominent is in Russia. In 2018, Moscow bought 274 tons of gold, an unprecedented amount, and in parallel with Russia's liquidation of its US treasury bonds. With this additional accumulation, Russia is approaching stockpiles that the Soviet Union had before its collapse in 1990. If purchases continue until the end of the year, Russia will reach the level of France, which has the world's fourth-largest gold stockpile.
So Russia and China are now entering the club of countries with a thousand tons and more, along with the United States, which alone accounts for a quarter of the world's gold reserves, Germany, Italy, France and Switzerland. But the gold stocks in Russia and China remain below the dollar's inventory, unlike other countries in comparison
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The World Gold Council revealed on Sunday that two Arab countries from among the Arab countries produce gold, indicating that the State of China is the world's leading producer of gold and by 12% in 2018.

"Sudan ranked 13th among the world's gold producing countries with 76.6 tons annually, while Egypt ranked 36th among the gold producing countries with 14.7 tons per year," the council said in a report published on its official website and read by Alsumaria News. 

"China ranked first in the world's largest gold producer with 404.1 tons per year, accounting for 12 percent of the world's gold production," he said, noting that Australia ranked second with 314.9 tons per year. Russia ranked third with 297.3 tons per year.
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The World Gold Council said Tuesday that Iraq is among the top 40 countries holding gold during the first quarter of this year.

The Council said in a report published on its official site and seen by Alsumaria News, "Iraq ranked 38 among the top 40 countries for their holdings of gold during the first quarter of 2019," noting that "this amount amounted to 96.3 tons, which represents 6% of Iraq's other reserves" . 

The Council added that "the United States ranked first in the world in terms of these reserves, which amounted to more than 8133 followed by Germany with 3369 tons," indicating that "six Arab countries were among the top 40 countries for gold holdings, which included Saudi Arabia, Lebanon, Algeria, Libya, Iraq and Kuwait" .22-12-2018

The UK-based World Gold Council has extensive experience and deep knowledge of the drivers of market change and its members are among the largest and most advanced gold mining companies in the world.
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Economy News _ Baghdad

The World Gold Council said Tuesday that Iraq is among the top 40 countries holding gold during the first quarter of this year.

The Council said in a report published on its official website and viewed by "Economy News" that "Iraq ranked 38 among the top 40 countries for their holdings of gold during the first quarter of 2019," noting that "this amount amounted to 96.3 tons, which represents 6% of reserves Iraq Other ".

The Council added that "the United States ranked first in the world in terms of these reserves, which amounted to more than 8133 followed by Germany with 3369 tons," indicating that "six Arab countries were among the top 40 countries for gold holdings, which included Saudi Arabia, Lebanon, Algeria, Libya, Iraq and Kuwait" .

The UK-based World Gold Council has extensive experience and deep knowledge of the drivers of market change and its members are among the largest and most advanced gold mining companies in the world.


Views 13   Date Added 05/07/2019

 
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Iraq is among the top 40 countries holding gold during the first quarter of 2019

Economy | 01:42 - 07/05/2019

 
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BAGHDAD - 
Iraq is among the top 40 countries holding gold during the first quarter of this year, the World Gold Council said on Tuesday. 
"Iraq ranked 38th among the top 40 countries in terms of gold holdings during the first quarter of 2019," the council said in a report. "This amount amounted to 96.3 tons, representing 6 percent of Iraq's other reserves." 
The Council added that "the United States ranked first in the world in terms of these reserves, which amounted to more than 8133 followed by Germany with 3369 tons," pointing out that "the six Arab countries were among the top 40 countries of gold holdings, which included Saudi Arabia, Lebanon, Algeria, Libya, "Ending 29 / a 43

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 Arab and international


Economy News _ Baghdad

World Gold Council data showed a significant rise in the reserves of Russia and Turkey of the precious metal during the month of March. 
Russia's reserves rose 17.8 tons to 2,168.3 tons last March, while Turkey increased its reserves by 31.5 tons to 293.6 tons, the board said in its May report. 
The large increase in gold reserves led Turkey to 19th place in the world in terms of reserves of the precious metal, having ranked 22nd in the world. 
The Turkish data excludes gold reserves owned by commercial banks and kept in the Central Bank of Turkey under the reserve options mechanism (ROM). 
Under Turkish law, Turkish banks are obliged to deposit part of their assets and deposits with the central bank in a precautionary measure in case of any risk of bankruptcy.
While Russia maintained its status as the fifth largest gold reserves in the world, and progressed in this classification to China, the world's second largest economy. 
Moscow and Ankara have recently been trying to stay away from the dollar under Washington's hostile policy and have cut their investments in US Treasuries. 
Saudi Arabia maintained the lead in terms of gold reserves among Arab countries, while ranked 17th in the world. The data indicated that the kingdom's precious metal reserves amounted to 323.1 tons in March.


Views 39   Date Added 05/13/2019

 
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5 hours ago, 10 YEARS LATER said:

This plays very well to the " New Silk Road "

Would have to agree. I have been watching the development of the Silk Road for years now. Countries a long the road have been buying gold in large qualities. 

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4 hours ago, ChuckFinley said:

Would have to agree. I have been watching the development of the Silk Road for years now. Countries a long the road have been buying gold in large qualities. 

 

At some point ( when these idiots RI/RV Investment opportunity will abound ) in time there will come a mighty shift of economic power in the world. 

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Trump has supported the gold backed currency  plan since the very beginning of his campaign  ,the "level playing field " as he calls it.

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