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


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The rise of the world's reserves of gold and Iraq maintains the rank of 37 globally

In the economy  December 13, 2017 on the rise of the world's gold reserve Iraq maintains 37 globally ranked closed 22 visits

 

Baghdad / SNG

 

Advertise World Gold Council, Wednesday, reported a rise in the world 's gold reserves during the current month of December, indicating that Iraq has retained 37th of the world's reserves.

"The world's reserves of gold rose for the month of December by 133 tons from last November to reach 33 thousand and 604 tons, while the United States ranked first in the world in terms of these reserves which With 8.133.5, followed by Germany with 3.373 tons. 
"Iraq has maintained 37th place in the world in terms of these reserves out of the 100 countries listed in the international financial statistics of the world's gold reserves, while Iraq also maintained the fifth place in the Arab world, where it came after Saudi Arabia, Lebanon, Algeria and Libya."

The Council noted that "Iraq's gold reserves remained stable, recording 89.8 tons, representing 7.9% of the rest of the other currencies," noting that "the last purchase of Iraq from gold was in April 2014, where he bought 15.16 tons."

On January 23, 2014, the Central Bank decided to set up a series of pure gold bullion ranging between 50 g and 1000 g for sale to gold dealers, investors and segments of the society wishing to do so in Iraqi dinar.

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Wednesday, December 13
 
 
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Alsumaria News / Baghdad 
announced that the World Gold Council , Wednesday, rising world reserves of gold during the month of December this first, noting that Iraq maintained the 37th place worldwide of global reserves. 

"The world's reserves of gold rose for the month of December by 133 tons from last November to reach 33 thousand and 604 tons, while the United States ranked first in the world in terms of these reserves Which amounted to 8.133.5, followed by Germany with 3.373 tons.

 


"Iraq has maintained 37th place in the world in terms of these reserves out of the 100 countries listed in the international financial statistics of the world's gold reserves, while Iraq also maintained the fifth place in the Arab world, where it came after Saudi Arabia, Lebanon, Algeria and Libya." 

The Council noted that "Iraq's gold reserves remained stable, recording 89.8 tons, representing 7.9% of the rest of the other currencies," noting that "the last purchase of Iraq from gold was in April 2014, where he bought 15.16 tons." 

On January 23, 2014, the Central Bank decided to set up a series of pure gold bullion ranging from 50 grams to 1000 grams to be sold to gold dealers, investors and segments of the society wishing to do so in Iraqi dinar.

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  • yota691 changed the title to World reserves of gold rose and Iraq maintains 37th place globally
 

The World Gold Council announced on Wednesday the rise in the world’s gold reserves during the month of December, pointing out that Iraq has maintained the world’s 37th position of global reserves.
“The world’s reserves of gold rose for the month of December by 133 tons from last November to reach 33 thousand and 604 tons, while the United States ranked first in the world in terms of these reserves, which amounted to 8.133.5 , Followed by Germany with 3.373 tons.
“Iraq has maintained 37th place in the world in terms of these reserves out of the 100 countries listed in the international financial statistics of the world’s gold reserves, while Iraq also maintained the fifth rank in the Arab world, after it came after Saudi Arabia, Lebanon, Algeria and Libya.”
The Council noted that “Iraq’s gold reserves remained stable, recording 89.8 tons, representing 7.9% of the rest of the other currencies,” noting that “the last purchase of Iraq from gold was in April 2014, where he bought 15.16 tons.”
On January 23, 2014, the Central Bank decided to set up a series of pure gold bullion ranging between 50 g and 1000 g for sale to gold dealers, investors and segments of the society wishing to do so in Iraqi dinar.

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  • yota691 changed the title to Iraq's gold imports fell to a third

Iraq's gold imports fell to a third

19-12-2017 10:00 AM
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Baghdad News -

 

 

Iraq has maintained 37th place in the volume of gold reserves globally, despite the decline in the rate of imports per third during the current year, amid calls for the introduction of this metal in banking transactions and investment instead of remaining a fortified metal of the Iraqi citizen. The decline in the volume of gold in the Iraqi market since the outbreak of war on the organization of «Da'ash» terrorist, and the country was affected by the financial crisis caused by the decline in oil prices in world markets in 2014. 

The Iraqi markets are the most consumed gold produced in the UAE followed by Turkey, The local gold industry for its inability to compete with the importer and to meet the growing consumer desires and risks faced during the past years.

The main traders are taking the "River Street" in the capital Baghdad, a center, where this trade is administered and distributed throughout the provinces of Iraq, the «largest quantities imported were coming through the airports of Erbil and Sulaymaniyah because of security guarantees, as the banks to transport them to the capital Baghdad, Gold across the Kurdistan region, compared to previous years, a drop of 65 percent ». 

According to the statistics of the Directorate of Quality Control of Jewelry in the Ministry of Planning in the region, gold trade in the region declined compared to the last three years, because of the financial crisis and the war against «Daash», as traders were to monthly until 2013 to import more than 400 kilograms of pure gold, But only 50 kilograms are being imported.

The quantity of imported gold from the UAE and Turkey in 2013 from the Erbil and Sulaymaniyah international airports was 114 tons, while in 2014 it was 77 tons, and in 2015 it was 56 tons and last year the quantity imported was only 40 tons. According to observers, traders have stopped Baghdad from importing this metal across the region after the outbreak of the political crisis between the region and Baghdad. 

The World Gold Council announced the rise of the world's reserves during the month, pointing out that Iraq has maintained the world's 37th place of global reserves. The world's reserves of gold rose by 133 tons to 33604 tons, while the United States ranked first in the world with 8133 tons, followed by Germany with 3373 tons.

The Council added that «Iraq has maintained the rank of 37 in the world in terms of these reserves out of the 100 countries listed in international financial statistics for global reserves of gold, while also maintained the fifth place in the Arab, came after Saudi Arabia, Lebanon, Algeria and Libya». 

The Council noted that "Iraq's reserves of gold remained constant, recording 89.8 tons, representing 7.9 percent of the rest of the currencies." He pointed out that "the last purchase of Iraq from gold was in April 2014, where he bought 15.16 tons. 


The central bank decided in early 2014 to develop pure gold alloys weighing between 50 and 1000 grams to be sold to gold traders, investors and segments of society wishing to do so in Iraqi dinar. 

The Central Agency for Standardization and Quality Control of Iraq, the conditions for the development of gold to re-manufacture outside Iraq, noting that among the conditions to meet 50 thousand dinars per kilogram of gold.

The economic adviser to the Prime Minister the appearance of Mohammed Saleh, that
«Iraq imports annually between 60 and 70 tons of gold, while pointing out that the decline in prices indicates the strength of the Iraqi dinar». "World gold prices have fallen dramatically, making gold prices lower than they were in 1978," he said in a statement. "This is because of the purchasing power of the citizen, which was then low compared to the current time enjoyed by Iraqis with high purchasing power." He explained that "the other reasons that led to the decline in gold prices, is the stability of the Iraqi dinar and its rise, which is linked to the high dollar is also global against other currencies," stressing that «the decline of gold gives an indication of the strength of the Iraqi dinar».

A member of the Committee on Economy and Investment MP Harith al-Harthy said that "the adoption of the Central Bank policy of gold bullion targets other goals is to reduce the rate of inflation of the currency by absorbing the liquidity of the dollar in banks and citizens alike, and turn it into gold, being more stable than The dollar, which is suffering the repercussions of the global economic crisis ». He pointed out that the actual experience has proved the failure of the banking sector in finding new ways or products to invest this huge metal in huge quantities of the Iraqi citizen ». He added that the lack of investment makes it a mere metal held by the citizen for periods of time without benefiting from it, even though Iraq knew the mechanism of lending citizens in exchange for mortgage gold, which is now disappeared ».

Al-Harithi stressed that «Iraq contains huge amounts of gold and even foreign currency, and lack of confidence between citizens and banks make the process of investment of this wealth almost non-existent, and banks to study the subject and find ways to encourage the citizen to resort to the bank and transfer these funds to liquidity invested in major investment projects».

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  • yota691 changed the title to The Central Bank reveals Iraq's gold reserves

Thursday 28 December 2017 04:01 pm| Number of readings: 135

The Central Bank reveals Iraq's gold reserves

irq_1141456088_1514466084.jpg&max_width=300

BAGHDAD - The governor of the Central Bank Ali al-Alak on Thursday revealed Iraq's reserves of gold, pointing out that it exceeded 80 tons.

 

Al-Aalak said in a brief interview, "Iraq's Iraq News", that "the reserve of gold is more than 80 tons," and with regard to the central bank's storage of hard currency, "The reserve of the Central Bank is constantly changing, but it exceeds the size in 2016 "He said.

 

The central bank announced in February this year that its foreign currency reserves had fallen to 49 billion dollars as a result of continued low oil prices on world markets.

 

The central bank's reserves of foreign currency in 2015 amounted to 68 billion dollars, but it began to decline as a result of the economic crisis faced by Iraq as a result of the drop in oil prices to about $ 40 and the result of military operations against the supporter of the terrorist. is over

 

 

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  • yota691 changed the title to The rise of the world's gold reserves and Iraq maintains its rank globally

The rise of the world's gold reserves and Iraq maintains its rank globally                                                                                 Sunday 07 January 2018 | 12:37                                                                                                                                                                                     The World Gold Council announced on Sunday the rise in the world's gold reserves in January, pointing out that Iraq has maintained the world's 37th position of global reserves. "The world's reserves of gold rose for the month of December by 122 tons from December to 33,604 tons, while the United States ranked first in the world in terms of reserves, which amounted to 8.133.5, Followed by Germany with 3.373 tons. " The Council added that "Iraq has maintained the rank of 37 in the world in terms of these reserves out of the 100 countries listed in the international financial statistics of the global reserves of gold, while Iraq also maintained the fifth place in the Arab countries came after Saudi Arabia, Lebanon, Algeria and Libya." The Council noted that "Iraq's gold reserves remained stable, recording 89.8 tons, representing 7.9% of the rest of the other currencies," noting that "the last purchase of Iraq from gold was in April 2014, where he bought 15.16 tons."

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  • yota691 changed the title to The rise of the world's gold reserves in February and Iraq maintains the world's 37th place
 
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Economy News Baghdad:

The World Gold Council announced on Sunday the rise of the world's gold reserves in February, pointing out that Iraq has maintained the world's 37th position of global reserves.

"The world's reserves of gold rose for the month of February by 186 tons from the month of January to reach 33 thousand and 790 tons, while the United States still ranks first in the world of With reserves of 8.133.5 tons, followed by Germany with 3.373 tons.

The Council added that "Iraq has maintained the rank of 37 in the world in terms of these reserves out of the 100 countries listed in international financial statistics of the global reserves of gold, while Iraq also maintained the fifth place in the Arab world, after it came after Saudi Arabia, Lebanon, Algeria and Libya.

The Council noted that "Iraq's gold reserves remained stable, recording 89.8 tons, representing 7.9% of the rest of the other currencies," noting that "the last purchase of Iraq from gold was in April 2014, where he bought 15.16 tons."

On January 23, 2014, the Central Bank decided to set up a series of pure gold bullion ranging between 50 g and 1000 g for sale to gold traders, investors and segments of the society wishing to do so in Iraqi dinar.

 

Number of Views 8   Date Added 04/02/2018

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  • 2 weeks later...

IMF: gold reserves exceeded 33 thousand tons globally

   
 

 
 


18/2/2018 12:00 am 

Capitals / follow-up

The World Gold Council published in early February a report of 98 countries that revealed the share of these countries of the total gold reserves in the world. World gold reserves, according to the International Monetary Fund, reached 33,790.8 tons, of which 10,782.1 tons 

Euro-zone. Top reserve  topped the list of countries the United States reserves of 8,133.5 tons, followed by Germany B3,373.6 tons, and Italy B2,451.8 tons. Russia, which last year increased the purchase of gold, ranked sixth in the world with a reserve of 1,388.8 tons on February 1, leaving China's fifth position with a reserve of  1,842.6 tons. Gold is Arab  and Arab, Saudi Arabia topped the list with 322.9 tons of gold, and the Arab countries ranked in tons, as follows: Saudi Arabia 322.9, Lebanon 286.8, Algeria 173, Libya 166.6, Iraq 89.8, Kuwait 79, Egypt 76.6, Jordan 43.5, Qatar 29.7, Syria 25.8, Morocco 22, UAE 7.5 International reserves Gold is considered to be part of international reserves normally composed of foreign exchange, SDRs, and reserves in the IMF

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  • yota691 changed the title to The world's gold reserves are down in March and Iraq maintains 37th place globally
 
Thursday 15 March
 
 
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Alsumaria News / Baghdad 
announced that the World Gold Council , Thursday, the world 's gold reserves decline in the current month of March, while noting that Iraq maintained the 37th place globally and fifth of the Arab world 's reserves. 

"The world's reserves of gold for February fell by 117 tons from February to 33 thousand and 773 tons. The United States still ranks first in the world in terms of these reserves which reached 8.133.5 tons, followed by Germany with 3.373 tons.

 

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"Iraq has maintained 37th place in the world in terms of these reserves out of the 100 countries listed in the international financial statistics of the world's gold reserves, while Iraq also maintained the fifth place in the Arab countries, followed by Saudi Arabia, Lebanon , Algeria and Libya ." 

The Council noted that "Iraq's gold reserves remained stable, recording 89.8 tons, representing 7.9% of the rest of the other currencies," noting that "the last purchase of Iraq from gold was in April 2014, where he bought 15.16 tons." 

On January 23, 2014, the Central Bank decided to set up a series of pure gold bullion ranging from 50 grams to 1000 grams to be sold to gold dealers, investors and segments of the society wishing to do so in Iraqi dinar.

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  • yota691 changed the title to The rise in global gold reserves in Nissan and Iraq maintains the 37th position globally
 
Thursday, April 12,
 
 
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Alsumaria News / Baghdad 
announced that the World Gold Council , Thursday, the world 's gold reserves rise in the current month of April, while noting that Iraq maintained the 37th place globally and fifth of the Arab world 's reserves. 

"The world's reserves of gold rose for the month of April by 54 tons from the month of March to reach 33 thousand and 827 tons," the Council said in a statistic published on its website and read, Sumerian News, noting that "the United States still ranks first in the world in terms of these Reserves amounted to 8.133.5 tons, followed by Germany with 3.373 tons.

 


"Iraq has maintained 37th place in the world in terms of these reserves out of the 100 countries listed in the international financial statistics of the world's gold reserves, while Iraq also maintained the fifth place in the Arab countries, followed by Saudi Arabia, Lebanon , Algeria and Libya ." 


The Council noted that "Iraq's gold reserves remained stable, recording 89.8 tons, which represents 7.8% of the rest of the other currencies," noting that "the last purchase of Iraq from gold was in April 2014, where he bought 15.16 tons." 

On January 23, 2014, the Central Bank decided to set up a series of pure gold bullion ranging between 50 g and 1000 g for sale to gold dealers, investors and segments of the society wishing to do so in Iraqi dinar.

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The rise of global gold reserves and Iraq maintains the rank of 37 globally

12/04/2018

 

 

 

The International Gold Council announced on Thursday the rise in world gold reserves in April, while noting that Iraq has maintained the rank of 37 in the world and fifth of the Arab world reserves.

"The world's reserves of gold rose for the month of April by 54 tons from last March to reach 33 thousand and 827 tons," the Council said in a statistical publication on its website that "the United States still ranks first in the world in terms of these reserves, which amounted to 8.133.5 Tons, followed by Germany with 3.373 tons. "

The Council added that "Iraq has maintained the rank of 37 in the world in terms of these reserves out of the 100 countries listed in the international financial statistics of the global reserves of gold, while Iraq also maintained the fifth place in the Arab countries came after Saudi Arabia, Lebanon, Algeria and Libya."

The Council noted that "Iraq's gold reserves remained stable, recording 89.8 tons, representing 7.8% of the rest of the other currencies," noting that "the last purchase of Iraq from gold was in April 2014, where he bought 15.16 tons." (End)

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  • yota691 changed the title to Gold hits global reserves in April
12-04-2018 02:21 PM

Gold hits global reserves in April


World gold reserves rise in April
image.php?token=8c49d3e463eae3fcdd91eefc2310e6bc&size=
 


 

 

The World Gold Council announced on Thursday the rise in world gold reserves in April, while noting that Iraq has maintained the rank of 37 in the world and the fifth of the Arab world reserves. 

"The world's reserves of gold rose for the month of April by 54 tons from the month of March to reach 33 thousand and 827 tons," noting that 'the United States still ranks first in the world in terms of these reserves, which amounted to 8.133.5 tons, Followed by Germany with 3.373 tons. 

The Council added that 'Iraq has maintained 37th place in the world in terms of these reserves out of the 100 countries listed in the international financial statistics of the global reserves of gold, while Iraq also maintained the fifth place in the Arab countries, followed by Saudi Arabia, Lebanon, Algeria and Libya.

The Council noted that 'Iraq's gold reserves have remained stable, recording 89.8 tons, which represents 7.8% of the rest of the other currencies', adding that 'the last purchase of Iraq from gold was in April 2014 where he bought 15.16 tons'.

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  • yota691 changed the title to World Gold Council reveals Iraq's reserves
Date of release: 2018/4/16 23:46 • 508 times read
World Gold Council reveals Iraq's reserves
[Wayne-Baghdad] 
World Gold Council revealed on Monday that Iraq is ranked 37 globally and fifth Arab in gold reserves of 90 tons.
According to statistics of the Council, "the world's gold reserves increased by 54 tons this month, Iraq ranks 37th among the list of 100 countries." 
"Iraq is ranked fifth in the Arab countries after Saudi Arabia, Lebanon, Algeria and Libya," he said. "Iraq's gold reserves are 89.8 tons." 
"Iraq bought 15.16 tons of gold in 2014," he said.
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Editorial Date: 2018/4/16 23:46 • 563 times read
World Gold Council reveals Iraq's reserves
[Wayne-Baghdad] 
World Gold Council revealed on Monday that Iraq is ranked 37 globally and fifth Arab in gold reserves of 90 tons.
According to statistics of the Council, "the world's gold reserves increased by 54 tons this month, Iraq ranks 37th among the list of 100 countries." 
"Iraq is ranked fifth in the Arab countries after Saudi Arabia, Lebanon, Algeria and Libya," he said. "Iraq's gold reserves are 89.8 tons." 
"Iraq bought 15.16 tons of gold in 2014," he said.
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  • 3 weeks later...
 
Thursday, May 3
 
 
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Alsumaria News / Baghdad 
announced that the World Gold Council , Thursday, for the decline in demand for gold in the first quarter of this year, indicating that the growth in China and the United States rather than the weakness of the Indian demand for gold. 

"The demand for gold fell in the first quarter of 2018 by 7 per cent to 973.5 tonnes," the board said in a statement. "The reason for this is the low demand for investment in gold bullion and gold- .

 

 


"The growth in China and the United States offset the weakening of Indian demand for gold," he said, adding that "total gold supply rose by 3% to 1,063.5 tons." 

The World Gold Council is a gold market development organization based in the United States. Its aim is to stimulate and support gold demand, provide industry leadership, and become the global authority in the gold market.

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Abadi and team should be jumping for joy these days. After passing a 2018 budget with $46 / barrel for oil, then watching it skyrocket to $75 / barrel they will be rollin' in $$$ if the year proceeds like this. Now if they can just keep Maliki and his crew of stick fingers out of the bank, the extra revenue will be a big kick to the Iraq economy. Grow those CBI reserves, start rebuilding Mosul and give your currency some value.

                                                                                                  :twothumbs:

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  • yota691 changed the title to The rise of the world's gold reserves in May and Iraq is the fifth Arab
 
Sunday 13 May

 

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Alsumaria News / Baghdad 
announced that the World Gold Council , Sunday, for the world 's reserves of gold rise in the month of May, while noting that Iraq maintained the 37th place globally and fifth of the Arab world 's reserves. 

"The world's reserves of gold rose for the month of May by 14 tons from the month of April to reach 33 thousand and 813 tons," the council said in a statistical report published on its website and read, Sumerian News, noting that "the United States still ranks first in the world in terms of these Reserves amounted to 8.133.5 tons, followed by Germany with 3.372 tons.

 


"Iraq has maintained 37th place in the world in terms of these reserves out of the 100 countries listed in the international financial statistics of the world's gold reserves, while Iraq also maintained the fifth place in the Arab countries, followed by Saudi Arabia, Lebanon , Algeria and Libya ." 


The Council noted that "Iraq's gold reserves remained stable, recording 89.8 tons, which represents 7.8% of the rest of the other currencies," noting that "the last purchase of Iraq from gold was in April 2014, where he bought 15.16 tons." 

On January 23, 2014, the Central Bank decided to set up a series of pure gold bullion ranging between 50 g and 1000 g for sale to gold dealers, investors and segments of the society wishing to do so in Iraqi dinar.

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Iraq gets fifth place in Arab gold reserves

12:57 - 13/05/2018
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Information / Baghdad ..

The World Gold Council announced on Sunday the rise in world gold reserves in May, while noting that Iraq has maintained the rank of 37 in the world and fifth of the Arab world reserves.

"The world's reserves of gold rose for the month of May by 14 tons from the month of April to reach 33 thousand and 813 tons," noting that "the United States still ranks first in the world in terms of these reserves Which amounted to 8.133.5 tons, followed by Germany with 3.372 tons.

The Council added that "Iraq has maintained the rank of 37 in the world in terms of these reserves out of the 100 countries listed in the international financial statistics of the global reserves of gold, while Iraq also maintained the fifth place in the Arab countries came after Saudi Arabia, Lebanon, Algeria and Libya."

The Council noted that "Iraq's gold reserves remained stable, recording 89.8 tons, which represents 7.8% of the rest of the other currencies," noting that "the last purchase of Iraq from gold was in April 2014, where he bought 15.16 tons."

http://www.almaalomah.com/2018/05/13/309053/

 

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13-05-2018 02:46 PM
image.php?token=e0319875f2c8fc87a5f2a4aecea9f176&size=
 


 

 

The World Gold Council announced on Sunday the rise in world gold reserves in May, pointing out that Iraq has maintained the rank of 37 in the world and the fifth of the Arab world reserves. 

"The world's reserves of gold rose for the month of May by 14 tons from the month of April to reach 33 thousand and 813 tons," noting that 'the United States still ranks first in the world in terms of reserves, which amounted to 8.133.5 tons, followed by Germany with 3,372 tons. 

The Council added that 'Iraq has maintained 37th place in the world in terms of these reserves out of the 100 countries listed in the international financial statistics of the global reserves of gold, while Iraq also maintained the fifth place in the Arab countries, followed by Saudi Arabia, Lebanon, Algeria and Libya.

The Council pointed out that 'Iraq's gold reserves remained stable as it recorded 89.8 tons, which represents 7.8% of the rest of the other currencies', adding that 'the last purchase of Iraq from gold was in April 2014 where he bought 15.16 tons'.

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Thank You Yota . GM DV's and a Beautiful God Blessed Happy Mothers Day to you All . My question .If the Gold reserves are continually rising .But the order and amount of gold reserves stays the same .Where is the rising gold amounts going ? I thought I read once where the wto or the imf where increasing their amounts . My other thought was perhaps these rising gold amounts where being purchased by far lesser countries to strengthen their own reserves quietly . Anyway . I also remember when the Pope spoke of a redistribution of wealth . I would assume Gold movement is a big part of that ? Thanks . Any thoughts ?

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1 hour ago, blueskyline said:

Thank You Yota . GM DV's and a Beautiful God Blessed Happy Mothers Day to you All . My question .If the Gold reserves are continually rising .But the order and amount of gold reserves stays the same .Where is the rising gold amounts going ? I thought I read once where the wto or the imf where increasing their amounts . My other thought was perhaps these rising gold amounts where being purchased by far lesser countries to strengthen their own reserves quietly . Anyway . I also remember when the Pope spoke of a redistribution of wealth . I would assume Gold movement is a big part of that ? Thanks . Any thoughts ?

 

The Gold Movement is a very clever scheme, however, " Redistribution of Wealth " always goes to the Wealthy with just enough " trickle down $$$$ " to keep the masses happy. Blue, if you've not already watched the movie " Zeitgeist " & it's 2 companion movies ( Netflix carries it ), I highly recommend it. It explains quite allot. Even find it on YouTube.

 

Additional info can had on Wikipedia.https://en.wikipedia.org/wiki/Zeitgeist_(film_series)

 

Also Ayn Rands' Book Atlas Shrugged is a must read. It was made into a 2 part movie. It touched on many of the high points in the book ( but not as good as the Book ) but you will understand where's She's coming from. Written back in the late 50s. https://en.wikipedia.org/wiki/Atlas_Shrugged  :tiphat:

Edited by 10 YEARS LATER
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  • yota691 changed the title to World Gold Council: Iraq ended 2019 without buying anything from it

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