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yota691

Iraq strengthens its reserves of gold and revealed its quantity

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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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3 hours ago, blueskyline said:

Thanks 10 Years ! ....... I'll look for it on Youtube 

 

Ain't nuthin but thing - pleased to pass along the info - the more folks that know, the worse it is for the government.  :twothumbs: 

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12 hours 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 ?

 

 i have heard and reading before from investing.com that the rich people starting saving the gold to be next their investment . maybe is will be truth news but we are not rich just me only can buy iqd only lol

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Iraq maintains its ranking among the countries that own the gold

   
 

 
 


14/5/2018 12:00 am 

 BAGHDAD / Al-Sabah:  
The World Gold Council announced on Sunday that the world's gold reserves will rise in May, Iraq will be ranked 37th in the world and fifth of the world's reserves will be allocated to the world. That "gold provides an important cover for the currency, pointing out that the gold market in Iraq is growing continuously, and this is due to the root of the culture of gold possession of the Iraqi society." He noted that "the entry of gold to Iraqi markets through the airports of Baghdad and Najaf did this trade significantly Making it a new economic resource And always, "pointing out that" Iraqi airports that allow access to the yellow metal receive monthly about 6 tons of gold. " 
"The presence of a large reserve of gold strengthens the credit rating of Iraq, and we desperately need to." 
"The world's reserves of gold rose for the month of May by 14 tons from April to 33 thousand and 813 tons," the council said in a statement published on its website. "The United States still ranks first in the world in terms of these reserves, "He said. 
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." He pointed out 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 leads the Arab countries in gold reserves

10:02 - 27/05/2018
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Information / Baghdad ..

Iraq ranks first in the ranking of Arab countries with gold reserves to rank fourth after fifth, according to the World Gold Council.

Iraq's gold reserves were about 90 tons, while Kuwait was the fifth with 79 tons, followed by Egypt with a reserve of 77 tons.

The World Gold Council confirmed that gold reserves owned by the Arab countries amounted to 1006 tons.

The Council noted that the total global supply of gold increased slightly to 1,063.5 tons during the first quarter of 2018, while the production of mines reached 770 tons. Ending / 25

http://www.almaalomah.com/2018/05/27/313042/

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Iraq ranks high with gold reserves

Iraq ranks high with gold reserves



 Twilight News    
 5 hours ago

The World Gold Council revealed that gold reserves owned by the Arab countries amounted to 1006 tons. The figures showed that Saudi Arabia tops the Arab countries with reserves of 323 tons, followed by Algeria with 174 tons.

Libya comes in third with a reserve of 117 tons. Iraq has about 90 tons of gold, Kuwait 79 tons, followed by Egypt with a reserve of 77 tons.

The gold reserves in Jordan are estimated at 44 tons, 27 tons in Qatar and 26 tons in Syria. Morocco is ranked 10th in the Arab world with a gold reserve of 22 tons.

According to the data, the United Arab Emirates has 8 tons of gold, while the distribution of 14 tons of gold between Tunisia, Bahrain, Yemen and Oman.

The world's gold reserves remain at 8133 tonnes, and the total global gold supply rose slightly to 1,063.5 tons in the first quarter of 2018, while the production of mines was 770 tons. Precious metal by 27% to about 287 tons.

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International classification of gold reserves in Iraq

In the economy of  May 27, 2018 on the international classification of Iraq's gold reserves closed  32 visits

 
Baghdad / SNG
The World Gold Council revealed that gold reserves owned by the Arab countries amounted to 1006 tons.
The figures showed that Saudi Arabia tops the Arab countries with a reserve of 323 tons, followed by Algeria with 174 tons. 
Libya comes in third with a reserve of 117 tons. 
Iraq has about 90 tons of gold, Kuwait 79 tons, followed by Egypt with a reserve of 77 tons. 
The gold reserves in Jordan are estimated at 44 tons, 27 tons in Qatar and 26 tons in Syria. Morocco is ranked 10th in the Arab world with a gold reserve of 22 tons. 
According to the data, the United Arab Emirates has 8 tons of gold, while the distribution of 14 tons of gold between Tunisia, Bahrain, Yemen and Oman. 
America still ranks first in the world with 8133 tonnes of gold reserves.
The total global supply of gold rose slightly to 1063.5 tons during the first quarter of 2018, while the production of mines was 770 tons, and the investment demand for the precious metal fell by 27% to about 287 tons.
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Iraq maintains its status of gold reserves

   
 

 
8.jpg


02/6/2018 5:02 PM 

Capitals / follow-up morning

States have huge gold reserves to use when necessary and to support the value of their currency, especially if they want to print more money and pump it into local markets. Gold reserves contribute to currency appreciation and protection from collapse.  

Saudi Arabia ranked first in the Arab countries and ranked 16th in the world, in possession of gold, during the current May, with reserves of 322.9 tons, 2.7 percent of the total reserves, according to the latest report of the World Gold Council, while Lebanon ranked second in the Arab world and 19 globally, With reserves amounting to 286.8 tons, representing 21.6 percent of the total global reserves. 
Algeria ranked third in the Arab world and 24 in the world, with reserves of 173.6 tons, 7 percent, Libya ranked fourth in the Arab world and 31 in the world, with reserves of 116.6 tons, 6.3 percent. 
Iraq ranked fifth in the world and ranked 37th in the world with reserves of 89.8 tons, 7.8%, followed by Kuwait, which ranked sixth in the Arab world and 39 in the world, with reserves of 79 tons, 8.7%, Egypt is the seventh Arab and 40 global, percent.
In May, Russia advanced to China, the world's second-largest economy, with gold reserves. Its annual reserves rose by 210 tons of gold, up 0.7 percent from the same month last year. 
The report showed that Russia ranked sixth in the world in 2018, the size of reserves reached 1890.8 tons, accounting for 17.6 percent of the total reserves, while China came in seventh place with reserves of 1842.6 tons, accounting for 2.4 percent of the total reserves. 
The United States ranked first with reserves of 8133.5 tons, 75 percent of the total reserves, followed by Germany with a total reserves of 3372.2 tonnes, or 70.3 percent. 
The International Monetary Fund came third with reserves of 2,814 tons, Italy came in fourth place with reserves amounted to 2451.8 tons, or 67.8 percent.
France came in fifth with 2,436 tonnes, 63.4 percent, followed by Russia and China in sixth and seventh respectively. 
On a year-on-year basis, the United States also ranked first in May 2017 with reserves of 8133.5 tons, 75.1 percent. Germany came second with 3377.9 percent, 69.4 percent, and the International Monetary Fund with 2,814 tonnes. 
Italy ranked fourth with reserves of 2451.8 tons, or 68.3 percent, followed by France with 2,435.9 tonnes, or 64.2 percent. 
China came in sixth place with reserves of 1842.6, 2.4 percent, and Russia seventh with 1680.1 percent, 16.9 percent.

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Gold alloys
  

 Arab and international


Economy News Baghdad

The World Gold Council said on Saturday that Iraq ranked 37th in the world's gold reserves in July.

"The world's reserves of gold for July fell by 79 tons from June to 33 thousand and 734 tons," the Council said in a statistical report published on its website and read by the Economist News. "The United States ranked first in the world in terms of These reserves amounted to 8.133.5 tons, followed by Germany with 3.371 tons.

The council added that "Iraq ranked 37th 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, and the fifth place in the Arab world, which came after Saudi Arabia, Lebanon, Algeria and Libya."

"Iraq's reserves of gold remained steady, with 89.8 tons, representing 7.7 percent of the rest of the other currencies," the council said. "The last purchase of Iraq from gold was in April 2014, where it bought 15.16 tons."


Views 11   Date Added 07/07/2018

 
 
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Saturday, July 7
 
 
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Alsumaria News / Baghdad
announced that the World Gold Council on Saturday that the United States ranked first came as Iraq ranked the world 's 37 highest reserves of gold in the current month of July. 

"The world's reserves of gold for July fell by 79 tons from June to 33 thousand and 734 tons," the council said in a statistical report published on its website and read by Sumerian News. "The United States ranked first in the world in terms of these Reserves amounted to 8.133.5 tons, followed by Germany with 3.371 tons.

 

 


The council added that "Iraq ranked 37th 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, and ranked fifth in the Arab world, after it came after Saudi Arabia, Lebanon,Algeria and Libya ." 

"Iraq's reserves of gold remained steady with 89.8 tons, representing 7.7 percent of the rest of the other currencies," the council said, adding that "the last purchase of Iraq from gold was in April 2014, where he bought 15.16 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 largest and most advanced gold mining companies in the world.

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DJ Umbertino Would Be Proud - They Made It Into Casey Kasem’s Top 40 ! :o 

 

:D  :D  :D 

 

 

 

LINK

Iraq is ranked 37th in the world's largest reserves of gold Baltmoz


8785.jpg 

 

7th July, 2018

The World Gold Council said on Saturday that Iraq ranked 37th in the world's gold reserves in July

"The world's reserves of gold for July fell by 79 tons from June to 33 thousand and 734 tons," the Council said in a statistical report published on its website and read by the "Economy News". "The United States ranked first in the world in terms of These reserves amounted to 8.133.5 tons, followed by Germany with 3.371 tons

The council added that "Iraq ranked 37th 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, and the fifth place in the Arab world, which came after Saudi Arabia, Lebanon, Algeria and Libya."

"Iraq's reserves of gold remained steady, with 89.8 tons, representing 7.7 percent of the rest of the other currencies," the council said. "The last purchase of Iraq from gold was in April 2014, where it bought 15.16 tons

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 Arab and international


Economy News _ Baghdad

World gold demand fell 6 percent in the first half of the year, mainly due to a sharp drop in index fund purchases, the World Gold Council said in a report on Thursday.

The global demand for the precious metal reached 1959.9 tons between January and June, down from 2086.5 tons in the same period last year, the council said in its latest report on gold demand trends. This is the lowest level for the entire first half since 2009.

For the second quarter, demand fell 4 percent year-on-year to 964.3 tonnes. Gold purchases were down 9 percent on the back of a 46 percent drop in index fund purchases.

Central bank purchases fell 7 percent between April and June, and the weakness of the Indian market led to a 2 percent decline in demand for jewelry, the biggest source of demand.

The United States recorded the weakest investment in index funds as the strong economy does not provide an incentive to buy gold, which is normally used as a safe haven in periods of political and economic turmoil.

The World Gold Council said jewelry demand had not benefited from a 5.4 percent fall in gold prices between April and June as a result of lower consumer currencies such as China, India and Turkey, making dollar-priced gold higher for local buyers.


Views 8   Date Added 02/08/2018

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Sunday 5 August
 
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Alsumaria News / Baghdad 
announced that the World Gold Council , on Sunday that the United States ranked first globally in occupied Iraq , the fifth Arab and 37 globally the highest world reserves of gold rank in August. 

"The world's reserves of gold rose for the month of August by three tons from last July to reach 33 thousand and 737 tons," the Council said in a statistical report published on its website and read, Sumerian News, noting that "the United States of America ranked first in the world in terms of these Reserves amounted to 8.133.5 tons, followed by Germany with 3.369 tons.

 

 


The council added that "Iraq ranked 37th 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, and 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 7.4% 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." 

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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110885.jpg?width=750&&height=375

 
2018/08/10 12:34
  • Number of readings 250
  • Section: Iraq
  •  

The Central Bank of Iraq reveals its reserves of dollars and gold

 

 

Baghdad / oblation: The Central Bank of Iraq, Friday 10 August 2018, Iraq's reserve of the dollar and gold.

"The Iraqi dinar today is supported by 58 billion dollars of hard currency reserves, and more than 89 tons of gold, all elements that strengthen its strength and maintain the stability of its exchange rate," said the director of the bank's press office, Acer Jabbar.

He stressed that "the central bank - responsible for the organization of monetary and monetary policy in the country - is in the process of maintaining the exchange rate, he seeks to be Iraqi dinar stable and stable despite all the political and economic events in Iraq."

Jabbar pointed out that "the bank has taken a number of important measures to maintain the exchange rate in the domestic market, the most prominent of which is the development of the work of the sale window of hard currency in the country."

"The window selling the currency is the window sold by the Central Bank of Iraq dollar for government and private banks, which in turn sell it to companies wishing to import hard currency or citizens wishing to travel abroad for the purposes of treatment or study and others.

He explained that "the most important procedures to develop the work of the window is to follow the method of dealing directly with the documents provided by customers or traders who want to buy the dollar and check your strength and bills of goods to be imported to ensure the arrival of the dollar to the trader directly and eliminates the intermediary rings that were manipulating the exchange rate."

He pointed out that "the trader was forced in the past to follow several steps to reach the dollar to import his goods, which opened the time for many to carry out bidding operations that lead to an increase in the exchange rate."

"The Bank has also succeeded in reducing money laundering, which is a reason for the fluctuation of the exchange rate as well as other security and economic risks," he said, noting that "Iraq's success in the fight against money laundering prompted the International Financial Action Task Force on Money Laundering Control And financing terrorism to remove Iraq from the list of countries under control. "

He pointed out that Iraq "has completed all recommendations of the International Working Group and addressed the requirements of the strategy of combating money laundering and financing of terrorism, in addition to enacting a law against money laundering and the establishment of the Anti-Money Laundering and Terrorism Financing Council".

Follow the obelisk - local media

http://almasalah.com/ar/news/146759/البنك-المركزي-العراقي-يكشف-عن-احتياطه-من-الدولار-والذهب

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10 minutes ago, NEPatriotsFan1 said:

Really good article Butifldrm! I gotta believe we are close! 

 

I agree, I just pray that the CBI can maintain these procedures and stats as economic  pressure increases on Iran and Turkey.  IMO, if the CBI can maintain,  they have the tools to move into article VIII. 

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Thanks for the post Buti:twothumbs:

 

currency reserves $58 billion dollars x 1190 = 69 trillion IQD

currency in circulation 40 trillion IQD 

69 / 40 = 1.72

 

currency reserves $58 billion dollars 

currency in circulation 40 trillion IQD / 1190 = $33.6 billion dollars

58 / 33.6 = 1.72

 

Go dinar

Go real market value 

Go purchasing power

 

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4 hours ago, Laid Back said:

Thanks for the post Buti:twothumbs:

 

currency reserves $58 billion dollars x 1190 = 69 trillion IQD

currency in circulation 40 trillion IQD 

69 / 40 = 1.72

 

currency reserves $58 billion dollars 

currency in circulation 40 trillion IQD / 1190 = $33.6 billion dollars

58 / 33.6 = 1.72

 

Go dinar

Go real market value 

Go purchasing power

 

Like the ability to cover $1.72.

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4 minutes ago, ChuckFinley said:

Like the ability to cover $1.72.

If the reserves continue going up they will have the ability to cover much more than that.

 

Go dinar

Go market economy 

Go real market value.

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6 minutes ago, Laid Back said:

If the reserves continue going up they will have the ability to cover much more than that.

 

Go dinar

Go market economy 

Go real market value.

Lots of good news out today. 

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2 hours ago, NEPatriotsFan1 said:

Whiskey already poured..... hope it RV’s before my ice melts...

 

or or before I run out of 🥃 

Man does that sound nice. :bravo:

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 Arab and international


Economy News _ Baghdad

KUWAIT CITY - Kuwait has recorded record gold sales in the last two months, indicating that citizens and expatriates bought gold valued at close to half a billion dollars, the Kuwaiti newspaper Al-Rai reported on Saturday.

The newspaper said in a report, "Economy News", that "the total purchase of the" yellow metal "by citizens and residents in just 60 days, approached about 11 tons," pointing out that «A | Total value of this quantity reaches To about 132 million dinars (about 425 million dollars), on the basis of the average price of about 12 dinars per gram.

"The total gold purchased during the whole of 2017 did not exceed the 33.6 tonnes threshold," it said, adding that "the number of gold marked in the third quarter (July, September and September) is 50 percent of the total amount recorded last year.

The paper pointed out that "the remarkable state of demand for bullion and gold not occupied by individuals (citizens and residents) was the result of two factors, the first relates to the data of the markets and their interaction with disturbing geopolitical events, while the second focuses on personal decisions of saving and saving in order to benefit from the decline in prices Yellow metal, which finally hit its lowest level in nearly 18 months. " 


Views 27   Date Added 01/09/2018

 
 
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