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Iraq is among the world's top gold buyers

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Iraq boosts reserves of gold and Russia's biggest buyers in the world

Iraq boosts reserves of gold and Russia's biggest buyers in the world



 Twilight News    
 one hour ago

The amount of gold bought by central banks in 2018 hit record highs, according to a report by the World Gold Council (WGC), which said Russia was at the forefront of buyers.  

During the past year, central banks bought the largest amount of precious metal since 1967, buying 651.5 tons, up 74 percent from 2017, buying 375 tonnes of gold, the report said.

"The growing geopolitical and economic uncertainty over 2018 has driven central banks increasingly to diversify their reserves and focus their attention on the main objective of investing in safe assets," the report said.

He added that Russia in 2018 topped the countries in terms of gold purchases, as part of a strategy to reduce dependence on the dollar, as the central bank sold most of its investment in US Treasury bonds and purchase about 274 tons of precious metal.

Besides Russia, its gold reserves have strengthened countries including Turkey, Kazakhstan, India, Iraq, Poland and Hungary (Hungary).

Russia ranks 5th in the world with gold reserves, saving 2113 tons, while the United States ranks first in the world, followed by Germany, Italy and France.

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WGC: Iraq boosts reserve of gold

13:49 - 04/02/2019
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Information / Baghdad ..

A report by the World Gold Council (WGC) reported that the amount of gold bought by central banks in 2018 recorded record highs, the highest ever, noting that Iraq is strengthening its reserves of gold.

During the past year, central banks bought the largest amount of precious metal since 1967, buying 651.5 tons, up 74 percent from 2017, buying 375 tonnes of gold, the report said.

"The growing geopolitical and economic uncertainty over 2018 has driven central banks increasingly to diversify their reserves and focus their attention on the main objective of investing in safe assets," the report said.

He added that Russia in 2018 topped the countries in terms of gold purchases, as part of a strategy to reduce dependence on the dollar, as the central bank sold most of its investment in US Treasury bonds and purchase about 274 tons of precious metal.

Besides Russia, its gold reserves have strengthened countries including Turkey, Kazakhstan, India, Iraq, Poland and Hungary (Hungary).

Russia ranks 5th in the world with gold reserves, saving 2113 tons, while the United States ranks first in the world, followed by Germany, Italy and France. Ending / 25

https://www.almaalomah.com/2019/02/04/387045/

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Number of readings: 05-02-2019 11:39 AM
 

05-02-2019 11:39 AM


"Iraq, along with other countries, is one of the largest gold buyers last year," the World Gold Council said Tuesday. 
The board also cited Iraq, Kazakhstan, India, Poland and Hungary as major buyers of gold last year. Turkey was among the world's top gold buyers to boost its yellow reserves in 2018 after the central bank added 51.5 tons of gold to its reserves. 
Net purchases by central banks reached 651.5 tons in 2018, an increase of 74 percent over the previous year's 375 tonnes. The World Gold Council estimated that central banks now have about 34,000 tonnes of gold.

 
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Economy News _ Baghdad

Iraq has maintained its global position with its gold reserves for the month of February, noting that the United States ranked first in the world and Solomon Island last in the ranking of countries.

"Iraq has maintained its global position with 37 gold reserves for February of 100 countries listed in the international financial statistics of the global reserves of gold and the fifth place in the Arab world, which came after both Saudi Arabia and Lebanon Algeria and Libya. "

The Council added that "Iraq has reserves of gold of 96.3 tons, representing 6.7% of the rest of the other currencies, noting that Iraq bought in September of 2018 by 6.5 tons."

The Council pointed out that "the world's reserves of gold for the month of February amounted to 33 thousand and 869 tons, noting that" the United States of America ranked first in the world in terms of reserves, which amounted to 8.133.5 tons, followed by Germany with 3.369 tons, "The last place is 0.7 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.


Views 84   Date Added 02/12/2019

 
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Iraq maintains its global position with its reserves of gold for the current month

12:54 - 12/02/2019

 
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Baghdad - Mawazine News 
Hafez Iraq, its global position with its reserves of gold for the month of February. 
"Iraq has maintained its global position with 37 gold reserves for February of 100 countries listed in the international financial statistics of the global reserves of gold and the fifth place in the Arab world, which came after Saudi Arabia, Lebanon and Algeria And Libya. " 
The statistics indicated that "Iraq has reserves of gold of 96.3 tons, representing 6.7% of the rest of the other currencies," noting that "Iraq bought in September of 2018 by 6.5 tons."
"The world's reserves of gold for February amounted to 33,869 tons." The United States ranked first in the world in terms of reserves of 8.133.5 tons, followed by Germany with 3.369 tons, while Solomon Island ranked last And by 0.7 tons. "Finished 29 / a 43

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Article little old...

POSTED ON 2019-02-04 BY SOTALIRAQ
Iraq and other world's largest gold buyers in 2018
The World Gold Council said Turkey was among the world's top gold buyers to boost its yellow reserves in 2018.

In a report, the center added that the Turkish central bank added 51.5 tons of gold last year, according to CNBC.

This was the second-largest increase in gold purchases for the second consecutive year since 2017.

Overall gold purchases, bought by central banks around the world, were recorded in 2018, the second highest since US President Richard Nixon's decision to end the peg to the bulls in 1971.

Net central bank purchases reached 651.5 tonnes in 2018, an increase of 74 percent over the previous year when 375 tonnes were purchased.

The World Gold Council estimated that central banks now have about 34,000 tons of gold.

In the context, the report said that the Russian central bank sold almost all of its share in US Treasury bonds to buy 274.3 tons of gold in 2018.

Kazakhstan, India, Iraq, Poland and Hungary were also among the major gold buyers last year.

According to the report, the US Federal Reserve maintains the largest amount, equivalent to three quarters of the foreign exchange reserves in the country.

"Increasing geopolitical and economic uncertainty throughout the year has prompted central banks to diversify their reserves and refocus their attention on the primary objective of investing in safe and liquid assets," the report said.

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 Market


Economy News _ Baghdad

World Gold Council data revealed that Iraq's reserves of gold amounted to about 96.3 tons at the end of the third quarter of 2018. This allowed him to progress on Arab economies rich in precious metal reserves. 
The geopolitical and trade tensions along with Washington's sanctions policy have shaken confidence in the US dollar in recent years, prompting a number of global central banks to increase their purchases of gold. 
The World Gold Council's latest report showed that central banks around the world bought around 651.5 tonnes of gold in 2018, noting that Russia and Turkey had raised their reserves at the expense of the dollar. 
Countries such as Iraq, India, China and Kazakhstan were among the top gold buyers in 2018. According to data, Iraq increased its reserves last year by 6.45 tons, bringing its total gold holdings to 96.3 tons.
Iraq ranked 37th in the world and the fourth in the Arab countries in terms of gold reserves, and thus the rich Gulf economies such as Kuwait (79 tons), Qatar (31.3 tons) and the UAE (7.5 tons). 
The reserves of gold are part of the total reserves owned by a country, for Iraq reserves constitute 6.7% of the total reserves, which amounted to the end of September, 58.451 billion dollars, according to the report of the Council.


Views 35   Date Added 02/19/2019

 
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2 hours ago

IRAQ AHEAD OF THE GULF STATES IN THE LIST OF GOLD RESERVES

58704231662bf.jpg
 

Iraq has advanced ranks globally and in the Arab gold reserves, ahead of the rich Arab economies, which rose during the third quarter of last year 2018, to 96.3 tons.

Iraq's reserves of gold, according to data, the World Gold Council, which was published recently, "amounted to the end of the third quarter of 2018 about 96.3 tons."

"Iraq ranked 37th in the world and the fourth in the Arab countries in terms of gold reserves," he said. "The Gulf economies are rich like Kuwait (79 tonnes) and Qatar (31.3 tonnes)."

Countries such as Iraq, India, China and Kazakhstan were among the top gold buyers in 2018. According to data, Iraq increased its reserves last year by 6.45 tons, bringing its total gold holdings to 96.3 tons.

"The central banks around the world bought in the year 2018 about 651.5 tons of gold, pointing out that Russia and Turkey raised their reserves at the expense of the dollar."

It is worth noting that gold reserves are part of the total reserves owned by a country, for Iraq reserves constitute 6.7% of the total reserves, which amounted to the end of September, 58.451 billion dollars, according to the report of the World Gold Council. Ending / p

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Iraq strengthens its reserves of gold to 96 tons

10:54 - 19/02/2019

 
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Follow - up - the balance of News 
World Gold Council data revealed that Iraq 's reserves of gold reached at the end of the third quarter of 2018 about 96.3 tons, which allowed him to progress on Arab economies rich in precious metal reserves. 
The geopolitical and trade tensions along with Washington's sanctions policy have shaken confidence in the US dollar in recent years, prompting a number of global central banks to increase their purchases of gold. 
The World Gold Council's latest report showed that central banks around the world bought around 651.5 tonnes of gold in 2018, noting that Russia and Turkey had raised their reserves at the expense of the dollar. 
Countries such as Iraq, India, China and Kazakhstan were among the top gold buyers in 2018. According to data, Iraq increased its reserves last year by 6.45 tons, bringing its total gold holdings to 96.3 tons.
Iraq ranked 37th in the world and the fourth in the Arab countries in terms of gold reserves, and thus the rich Gulf economies such as Kuwait (79 tons), Qatar (31.3 tons) and the UAE (7.5 tons). 
And gold reserves are part of the total reserves possessed by a country, for Iraq reserves constitute 6.7% of the total reserves, which amounted to the end of September last 58.451 billion dollars, according to the report of the Council.

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Iraq among the top gold buyers in 2018

 

Iraq among the top gold buyers in 2018

 

World Gold Council data revealed that Iraq's reserves of gold amounted to about 96.3 tons at the end of the third quarter of 2018. This allowed him to progress on Arab economies rich in precious metal reserves. The World Gold Council's latest report showed that central banks around the world bought around 651.5 tonnes of gold in 2018, noting that Russia and Turkey had raised their reserves at the expense of the dollar.

Countries such as Iraq, India, China and Kazakhstan were among the top gold buyers in 2018. According to data, Iraq increased its reserves last year by 6.45 tons, bringing its total gold holdings to 96.3 tons. Iraq ranked 37th in the world and the fourth in the Arab countries in terms of gold reserves, and thus the rich Gulf economies such as Kuwait (79 tons), Qatar (31.3 tons) and the UAE (7.5 tons).

Saudi Arabia topped the Arab countries with gold reserves, reaching 323.1 tons, followed by Lebanon (286.8 tons) and Libya (116.6 tons). The reserves of gold are part of the total reserves owned by a country, for Iraq reserves constitute 6.7% of the total reserves, which amounted to the end of September, 58.451 billion dollars, according to the report of the Council.

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Editorial date: 2019/2/19 10:47  562 times read
Iraq strengthens its reserves of gold and revealed its quantity
{International: Euphrates News} World Gold Council data revealed that Iraq Iraq has strengthened its reserve of gold.
The World Gold Council's latest report showed that central banks around the world bought around 651.5 tonnes of gold in 2018, noting that Russia and Turkey had raised their reserves at the expense of the dollar. 
Countries such as Iraq, India, China and Kazakhstan were among the top gold buyers in 2018. According to data, Iraq increased its reserves last year by 6.45 tons, bringing its total gold holdings to 96.3 tons. 
He pointed out that the reserves of Iraq reached the end of the third quarter of 2018 about 96.3 tons, which allowed him to progress on Arab economies rich in precious metal reserves. 
The geopolitical and trade tensions coupled with Washington's sanctions policy have shaken confidence in the US dollar in recent years, prompting a number of global central banks to increase their purchases of gold.
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Gold reserves in the Central Bank increased to 96 tons

2201913121542455512779.jpg

World Gold Council data revealed that Iraq's reserves of gold amounted to about 96.3 tons at the end of the third quarter of 2018. This allowed him to progress on Arab economies rich in precious metal reserves. 

The World Gold Council's latest report showed that central banks around the world bought around 651.5 tonnes of gold in 2018, noting that Russia and Turkey had raised their reserves at the expense of the dollar. 

Countries such as Iraq , India, China and Kazakhstan were among the top gold buyers in 2018. According to data, Iraq increased its reserves last year by 6.45 tons, bringing its total gold holdings to 96.3 tons. Iraq

occupiedRanked 37th in the world and fourth in the ranking of countries in terms of gold reserves, and thus the rich Gulf economies such as Kuwait (79 tons), Qatar (31.3 tons) and the UAE (7.5 tons). 
Count





https://www.thebaghdadpost.com/ar/Story/152748/ارتفاع-احتياطي-الذهب-بالبنك-المركزي-إلى-96-طنا
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Why Central Banks buy gold?

- To manage risk and promote stability 

- To hedge against a sagging Dollar 

- As an inflation hedge 

- Because they’re uncertain 

 

Iraq 96.3 Tons of gold = $6.2 billion dollars or 7.3 trillion IQD 

 

Go gold reserves 

Go Growth 

Go RV

Go $1:1

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4 hours ago, Laid Back said:

Why Central Banks buy gold?

- To manage risk and promote stability 

- To hedge against a sagging Dollar 

- As an inflation hedge 

- Because they’re uncertain 

 

Iraq 96.3 Tons of gold = $6.2 billion dollars or 7.3 trillion IQD 

 

Go gold reserves 

Go Growth 

Go RV

Go $1:1

 

Who are they buying all this gold from? 

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28 minutes ago, pokerplayer said:

Walmart.

 

  LOL sorry I just had too climber7

 

  pp

 

There may be some truth to that since they're the country's largest employer! 

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Iraq is among the world's top gold buyers

Wednesday 20 February 2019 41

Iraq is among the world's top gold buyers

 
 
Baghdad / Al-Sabah
 
The World Gold Council has shown that Iraq is among the world's top gold buyers last year, while confirming that it has strengthened its reserves to advance countries
Arabic.
According to the latest report of the Council, which was seen by «morning», «Central banks around the world bought in 2018 about 651.5 tons of gold», pointing out that «Russia and Turkey raised their reserves at the expense of the dollar».
"Countries such as Iraq, India, China and Kazakhstan were among the top gold buyers in 2018. According to data, 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, which allowed him to progress on the Arab economies rich in reserves of metal 
Al-Nafees ».
The geopolitical and commercial tensions along with Washington's sanctions policy have shaken confidence in the US dollar in recent years, prompting a number of global central banks to increase their purchases from 
gold.
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15 hours ago, climber7 said:

 

Who are they buying all this gold from? 

Thanks for your input my climber,

I don’t know the answer to your question. I think it’s irrelevant. 

What is relevant is that the CBI continues buying gold and the gold reserves 

are growing and the foreign currency reserves too.

 

This is very good news for our investment.

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9 minutes ago, Laid Back said:

Thanks for your input my climber,

I don’t know the answer to your question. I think it’s irrelevant. 

What is relevant is that the CBI continues buying gold and the gold reserves 

are growing and the foreign currency reserves too.

 

This is very good news for our investment.

 

 Thanks for your comment LB

 I agree with you that it is probably good for our investment but I would still like to know  where they are getting all the gold because someone is selling them the gold and what are they getting in return for the gold they are giving to Iraq?

 

 It’s just a personal thing with me that I like to try and see the bigger picture of things. Have a great week!  

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34 minutes ago, climber7 said:

 

 Thanks for your comment LB

 I agree with you that it is probably good for our investment but I would still like to know  where they are getting all the gold because someone is selling them the gold and what are they getting in return for the gold they are giving to Iraq?

 

 It’s just a personal thing with me that I like to try and see the bigger picture of things. Have a great week!  

What currency are they buying it with? Is the bigger question, than who are buying it from in my mind!

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1 hour ago, Artitech said:

What currency are they buying it with? Is the bigger question, than who are buying it from in my mind!

 

imo its usd ........iqd still lacks international acceptance and usage 

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2 hours ago, climber7 said:

 

 Thanks for your comment LB

 I agree with you that it is probably good for our investment but I would still like to know  where they are getting all the gold because someone is selling them the gold and what are they getting in return for the gold they are giving to Iraq?

 

 It’s just a personal thing with me that I like to try and see the bigger picture of things. Have a great week!  

Maybe its yellow gold, for black gold 😉

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2 hours ago, Artitech said:

What currency are they buying it with? Is the bigger question, than who are buying it from in my mind!

 

Exactly, part of the bigger picture 

 

25 minutes ago, Wiljor said:

Maybe its yellow gold, for black gold 😉

 

Sounds legit 

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16 hours ago, Artitech said:

What currency are they buying it with? Is the bigger question, than who are buying it from in my mind!

Just out of curiosity….Is your handle based on that you are an architect?

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