Iraq maintains its rank in the world of gold possession

[yota691]

 

Iraq is the fifth in the Arab world with gold reserves and the 38th in the world

 

•  

 2020-12-06 08:01

 

Shafaq News / The World Gold Council announced today, Sunday, that five Arab countries, including Iraq, possess 1,000 tons of gold in reserves with hard currency.

In its latest schedule for the month of December, which was seen by Shafaq News Agency, the council said, "Five countries, including Iraq, possess 996.4 tons of gold as reserves with their hard currency," indicating that "Iraq came fifth out of these countries and ranked 38 globally out of 100 listed countries. By the table. "

He added, "The first of these Arab countries with the most gold came in Saudi Arabia, with an amount of 323.1 tons, followed by Lebanon, with a value of 286.8 tons, and Algeria came in third place in the Arab world with a value of 173.6 tons, and then Libya came fourth with a value of 116.6 tons, and Iraq came fifth with a value of 96.3 tons."

He pointed out that "the United States of America is still ranked first in the table with the most possessing countries in the world with 8,133 tons, followed by Germany second with 3,362 tons, then Italy third with 2,451 tons, and then France came fourth with 2,436 tons, and fifth came Russia with an amount 2.298 tons. "

The council pointed out that "the quantities of gold purchases increased by 25 tons, bringing the countries total holdings of gold to 35,171 tons. Five central banks were almost completely responsible for this purchase, namely Uzbekistan (8 tons), Turkey (7 tons), the United Arab Emirates (6 tons) and Qatar." (2 tons) and India (2 tons). "

It is noteworthy that the World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world.

[yota691]

Iraq is the fifth Arab country with the largest gold reserves

 

Market Economy News _ Baghdad Today, Sunday, the World Gold Council revealed an increase in the possession of the central banks of countries of gold, as well as the province of Iraq in its global rank. According to the table it published for the month of January, the council said, "Iraq has maintained the 38th position in the world and fifth in the Arab world with the largest gold reserves at 96.3 tons, which represents 8.4 percent of the rest of the other reserves." The World Council noted, "The central banks' holdings of gold increased by 20 tons to reach 35.191 thousand tons compared to last December." He added, "The most prominent country that bought gold is Uzbekistan, where it added 8.4 tons to its gold reserves, amounting to 324 tons, while Qatar bought 3.1 tons, bringing its reserves to 56.7 tons, and India bought 2.8 tons, bringing its reserves to 672.9 tons. Then Kazakhstan bought 1.7 tons and Ukraine bought 0.6 tons. Tons " The World Gold Council, which is based in the British capital, London, stated that "the increase was compensated for by more than the total sales in Turkey after the increase in domestic demand, which led to a decrease in its reserves, and Mongolia reduced its gold reserves by 2.4 tons."

Number of observations 249   Date added 01/10/2021

[yota691]

877 tons global gold ETF flows in 2020

Monday January 18, 2021 6

 

 Beijing: capitals 

Data released by the World Gold Council showed that the global net flows from ETFs backed by gold amounted to 877 tons (about 47.9 billion US dollars) in the past year 2020. The data indicated that the recorded number raised the total holdings of international investment funds for gold trading to 3752 tons, Until the end of last year.

Gold is widely considered a guarantee and a safe haven to counter the rapid increases in prices, since the beginning of last year 2020, concerns about the impact of the (Covid-19) pandemic have led to an increase in interest in gold, especially international investment funds for gold trading. According to the World Gold Council, gold-traded investment funds listed in North America witnessed an influx of 563 tons in 2020, which represents about two-thirds of global annual net flows, while the relevant funds listed in Europe, Asia and elsewhere increased by 260 tons, 38 tons and 16 tons. Respectively.

[Wheelman]

Thanks to Dr. Sinan Al-Shabibi. 

[Artitech]

If these stories are true,! that Iraq has 996.4 tons of gold, in its possession! Just how long can Iraq go on with the value for their currency being around the 1/4 of a penny? I thought there were some kind of world bank rules to force Iraq from sand bagging the world! How is it legal for Iraq or any country to use American money as their own money? I know it’s done in Mexico a lot just dew to it’s location of being a next door neighbor! I don’t know what goes on in Canada since I’m not near Canada! I used to see Canada quarters every now and then. People wouldn’t take them either! Bottom line why doesn’t the United States Treasury stop Iraq from using our money? Thanks for anyone that might know how and why!  🤠

[davis411]

5 hours ago, Artitech said:

I used to see Canada quarters every now and then. People wouldn’t take them either!

Funny

canadians don’t want them either

[TOMINVEGAS]

Lots of gold but no brain cells....

[yota691]

 

Countries' possession of gold is rising and Iraq maintains its ranking in the world

 

•  

 2021-02-08 21:46

 

Shafaq News / The World Gold Council announced, on Sunday, that the central banks' holdings of gold increased, while Iraq maintained its world ranking at 38th.

 

In its latest schedule for the month of February of 2021, which was seen by Shafaq News Agency, the council said, "Central banks' possession of gold rose by 6 tons to reach 35.197 thousand tons compared to the previous month."

 

He added that the main buyers of gold during this month are Turkey, India, Kazakhstan and Uzbekistan, while the main sellers of gold are Mongolia and Malta.

 

The council noted that "Iraq still maintains the 38th position in the world and the fifth in the Arab world with the largest gold reserves at 96.3 tons, which represents 10.1% of the rest of the other reserves."

 

It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world.

[yota691]

Iraq is ranked 38th in the table of the world's largest gold reserves

Economie

2021-03-10 | 03:08

 

3,124 Views

The World Gold Council announced today, Wednesday, that the United States of America ranks first and Iraq in the 38th place as the world's largest reserves of the precious yellow metal.

In its schedule for the month of March, the Council said that the possession of central banks of the 100 countries listed in the table amounted to 35,244 thousand tons,

indicating that the United States of America ranked first in the largest gold reserves it possessed with an amount of 8,133 thousand tons, followed by Germany with an amount of 3,362 thousand tons, and then Come International Monetary Fund With the amount of 2,814 thousand tons, Italy comes fourth with the amount of 2,451 thousand tons, while the list of Yemen comes to the bottom by 1.6 tons, the preceding it. Haiti By 1.8 tons. "

 

 

 

He added that "Iraq Maintains ranked 38 globally and the fifth Arab largest gold reserves and by 96.3 tonnes was in the month of September 2020 and the amount of 0.1 tonnes is still representing 10% of the rest of the other reserves, "he said . " The last purchase of gold by Iraq. "

He noted that "The main buyers of gold during this month are Uzbekistan, with a volume of 8.1 tons Kazakhstan And the amount of 2.8 tons was the leading seller Turkey And by 17.2 tons and Russia By 3.1 tons. "

It is noteworthy that the World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world.

[yota691]

Learn about Iraq's rank in the Arab world and in the world in gold reserves

14:55 - 11/03/2021

 

  

Information / follow-up.

Central banks maintain a basket of assets against which their local currencies are issued, and these assets vary between reserves of foreign exchange, gold and some other paper assets.

The Kingdom of Saudi Arabia has maintained the Arab lead in terms of the size of gold reserves, according to the report of the World Gold Reserve Council for the month of March, which was issued by the United States of America globally.

While Lebanon came in second place in the Arab world, only two places behind Saudi Arabia in the world ranking, with reserves amounting to 286.8 tons of gold, but it represents about 40% of its reserves of assets, followed by Algeria with 173.6 tons of gold representing 18% of the reserve, while Libya retained In third place, reserves of 116.6 tons, and 33rd in the world. Gold also represented about 8.3% of the total reserves of the Libyan Central Bank of foreign assets.

With less than 100 tons of gold, the rest of the Arab countries came, as Iraq ranked fifth in the Arab world and 38 in the world, with reserves of 96.4 tons, while Egypt came in sixth place with reserves of 80.2 tons, which represented 10%, and 12.4% of the foreign assets reserves of the two countries. Straight.

While Kuwait ranked seventh in the Arab ranking with reserves of 79 tons, and despite the popularity of the UAE gold markets, the Central Bank’s reserves of the yellow metal came in eighth place in the Arab world at 57.6 tons, representing only 3.2% of foreign reserves, and then Qatar with 56.7 tons Then Jordan with 43.5 tons, devouring Syria, Morocco, Tunisia, Bahrain, and finally Yemen with reserves of 1.6 tons of gold, ranked 100 in the world.

Despite its relentless pursuit in the seventies of the last century, to abolish the gold standard, the United States maintained the largest global gold reserves amounted to 8,133.5 tons, representing 78.6% of the US Federal Reserve of foreign assets.

The report showed that the total reserves of central banks in the world of gold stabilized at the level of 35244.5 tons, while the reserves of Arab central banks reached 1374.5 tons, ranking them eighth in the world, just behind China. Ended / 25 o'clock

[yota691]

Among them is Iraq ... a new classification of the largest Arab countries in gold reserves

•  Time: 03/2021 12:41:15
•  
• Read: 252 times

{Economic: Al Furat News} The World Gold Council issued its report for this month of March, which includes the ranking of world countries in terms of gold reserves. The United States topped the list, while Saudi Arabia came at the top of the Arab countries.

In its latest report, the council said that the possession of central banks of the countries of the world listed in the report amounted to 35,244.5 tons. Last year, countries' possession of the precious metal increased in light of the Corona crisis.

According to the report, Saudi Arabia topped the Arab countries with gold reserves, and ranked 18th in the world in this classification, and the Kingdom owns 323.1 tons, and gold constitutes 4.1% of its total international reserves.

After Saudi Arabia in the ranking of the Arab countries, Lebanon came with reserves of 286.8 tons (ranked 20th in the world), then Algeria with 173.6 tons (ranked 26th globally), and Libya with reserves of 116.6 tons (33rd in the world).

As for Iraq, it ranked fifth in the Arab world and 38 in the world, with reserves of 96.4 tons, while Egypt ranked sixth with reserves of yellow resonant amounting to 80.2 tons.

Kuwait ranked seventh in the Arab ranking with reserves of 79 tons, followed by the UAE with reserves of 57.6 tons, followed by Qatar (56.7 tons) and Jordan (43.5 tons).

Globally, the United States topped the list with reserves amounting to 8,133.5 tons, then Germany (3362.4 tons), followed by Italy (2,451.8 tons), and France (2,436.2 tons), while Russia ranked fifth with reserves of 2,295.4 tons. 

Forgiveness Al-Khalidi

[yota691]

The World Gold Council: # Kuwait is the seventh in the Arab world in possession of gold # The United States topped the global ranking, and # Saudi Arabia at the top of # Arab countries and the 18th in the world - # Iraq is ranked fifth with reserves of 96.4 tons and # Egypt is sixth with 80.2 tons

THE ECONOMY NOW

Now - agencies  March 11, 2021, 11:34 a.m.  127 Views0

 

 

 

The World Gold Council issued its report for the month of March, which includes the ranking of countries in the world in terms of gold reserves. The United States topped the list, while Saudi Arabia came at the top of the Arab countries.

In its latest report, the council said that the possession of central banks of the countries of the world listed in the report amounted to 35,244.5 tons. Last year, countries' possession of the precious metal increased in light of the Corona crisis.

According to the report, Saudi Arabia topped the Arab countries with gold reserves, and ranked 18th in the world in this classification, and the Kingdom owns 323.1 tons, and gold constitutes 4.1% of its total international reserves.

After Saudi Arabia in the ranking of the Arab countries, Lebanon came with reserves of 286.8 tons (ranked 20th in the world), then Algeria with 173.6 tons (ranked 26th globally), and Libya with reserves of 116.6 tons (33rd in the world).

As for Iraq, it ranked fifth in the Arab world and 38 in the world, with reserves of 96.4 tons, while Egypt ranked sixth with reserves of yellow resonant amounting to 80.2 tons.

Kuwait ranked seventh in the Arab ranking with reserves of 79 tons, followed by the UAE with reserves of 57.6 tons, followed by Qatar (56.7 tons) and Jordan (43.5 tons).

Globally, the United States topped the list with reserves amounting to 8,133.5 tons, then Germany (3362.4 tons), followed by Italy (2,451.8 tons), and France (2,436.2 tons), while Russia ranked fifth with reserves of 2,295.4 tons.

 

[yota691]

A major global company warns ... Beware and keep the gold!

15:18 - 11/03/2021

 

  

Information / follow-up.

Global money management company BlackRock has just issued a double warning about the advantages of holding gold - the traditional haven at present.

Ross Questrich, a portfolio manager at BlackRock's global appropriation fund, said bullion has proven to be a less effective hedge against moves in other assets, such as stocks, as well as inflation. Moreover, gold is facing headwinds should the global economic recovery accelerate.

Questrich said that gold was “failing as a hedge against equity,” indicating that its positive correlation with risky assets was stronger compared to technology stocks. He added: “Gold's ability to hedge inflation has been somewhat overstated. While it is a reasonable store of value in the very long term - think centuries ago - it is less reliable across most investment horizons, ”according to Bloomberg.

Bullion lost ground in 2021 as the recovery from the pandemic gained more momentum and increased Treasury yields, although the safe haven partially returned this week.

BlackRock believes that gold is not currently performing well as a hedge against equity moves or inflation risks, although it has been effective against the dollar.

"In the absence of a strong view of the dollar's decline, I will have less gold," Questrich wrote, indicating that the precious metal still shows a strong inverse relationship with the US currency. And for those investors still looking to hedge, I am addressing one word: cash.

Spot gold was trading at $ 1734.57 an ounce at 7:19 am in London, down more than 8% this year, while the US currency index rose about 2%.

As leading economies seek to boost recovery from the pandemic, Joe Biden's $ 1.9 trillion relief bill to tackle COVID-19 removed Congress's last hurdle on Wednesday, with the House of Representatives passing the bill by a vote of 220 to 211.

"More stimulation and better distribution of the vaccine indicate the potential for an economic boom," he wrote. If this happens, real rates are likely to continue to rise from levels that are still historically low. As was the case last month, this is likely a headwind for gold.

The decline in bullion this year was accompanied by a continuous decline in gold-backed ETF holdings, while banks lowered price targets after the asset hit a record high in 2020. Global ETF volumes fell to their lowest levels since June, losing around 150 Tons so far in 2021. End / 25 h

[yota691]

Iraq is fourth in the Arab world in possession of gold

Monday 15th March 2021 42

 

 

 Capitals: agencies

 

Iraq ranked fourth in the Arab world in terms of its possession of 96.4 thousand tons of gold by the end of January of 2021, according to data announced by the World Gold Council.

The Kingdom of Saudi Arabia topped the ranking of Arab countries in possessing gold, as the Kingdom ranked first in the list of the largest Arab countries with the highest gold balance by 323.1 tons, followed by Lebanon with 286.8 tons, and Algeria with 173.6 tons.

 The total holdings of central banks around the world of gold reached 35.24 thousand tons, and the United States of America topped the list with 8.13 thousand tons, followed by Germany with 3.36 thousand tons.

The following infographic, based on data from the World Gold Council, shows the ranking of Arab countries in possessing gold.

[yota691]

What is the secret behind Iraq's large gold exports?

13:25 - 04/05/2021

 

  

Information / translation ...

A report by the English channel Al-Jazeera revealed that gold has become the third largest export in Iraq after oil, as the volume of trade with Turkey alone reached 8 billion dollars in 2020, after it was 2.5 billion dollars in 2019.

" Iraq does not produce gold, but imports it from other countries, then gold traders export it either for processing or converting it into jewelry, more often than not smuggled, as deep-rooted corruption and a weak economy facilitate the black market operators to move things across borders," the report translated by the agency said.

He added that "local industries, not just gold, in Iraq died because of the lack of electricity. Iraq is not attractive to investment and is not a friend to business, so Iraqi merchants and businessmen go to Turkey and other countries because it is better in quality and cheaper."

The report continued that “there are no clear data in Iraq about the quantities of gold entering and leaving the country. The Ministry of Trade was asked, so I evaded and sent us to the Ministry of Finance, which in turn evaded and asked that we ask the Central Bank, which in turn said that the data must be kept by the Ministry of Planning.”

For his part, a spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said, “With regard to imported quantities, it is not our job, as there is a Quality and Standards Organization that monitors goldsmiths all over Iraq .” We also have offices at border crossings and airports to ensure quality and reduce smuggling. " According to him.

Diplomatic sources, who refused to disclose themselves, explained that “due to lax security at the crossings and the lack of law, gold is smuggled into neighboring countries, and economic uncertainty in Iraq leads to an increase in domestic demand, despite the current Coronavirus pandemic.”

The report indicated that “due to the state of security in Iraq, many Iraqi families resort to investing in precious metals instead of keeping their money in dollars or Iraqi dinars, and since the precious commodity has now become a major economic entity, they want the government to ensure that it is adding to the economy instead of Than to move away from him ”. End / 25 z

[yota691]

Iraq maintains its rank with the largest gold reserves

 

Market Economy News _ Baghdad The World Gold Council said, on Wednesday, that Iraq has maintained its 38th position in the world's largest reserves of the precious yellow metal. The council said in its latest schedule for April 2021, which was seen by "Al-Eqtisad News", that "the possession of central banks of the 100 countries listed in the table amounted to 35,218 thousand tons," indicating that "Iraq has maintained its 38th position with the largest reserves in the world of the precious yellow metal and the fifth. Arab reserves by 96.3 tons, which represents 8.9% of the rest of the other reserves. " He added that the United States of America still ranks first in the largest gold reserves with 8,133,000 tons, followed by Germany with 3,362,000 tons, while Yemen is at the top of the list with 1.6 tons, followed by Haiti with 1.8 tons. He pointed out that "the main buyers of gold during this month are India, amounting to 11.2 tons, Uzbekistan, by 7.2 tons, Kazakhstan, 1.6 tons, and Colombia, 0.5 tons, while the main sellers were Turkey, with an amount of 11.7 tons." It is noteworthy that the World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest and most advanced gold mining companies in the world.

Number of observations 81   Date of addition 04/07/2021

[yota691]

Including Iraq .. The World Gold Council reveals the reserves of the Arab countries

•  Time: 04/08/2021 15:54:02
•  
•  Read: 4,914 times

  

{Economical | The Euphrates News} The World Gold Council published its monthly report for the list of the 100 countries most possessing gold within its reserve assets, and Saudi Arabia topped the Arab countries with reserves of the precious metal.

Al-Mukhtasar al-Mufid .. In important news, you can find it on the Al Furat News channel on the Telegram .. To subscribe, click here

According to the report, Saudi Arabia possesses 323.1 tons of gold, followed by Lebanon with reserves of 286.8 tons, and then Algeria, which has reserves of 173.6 tons.

This arrangement is for the largest Arab countries that own gold, but what about the ranking of Arab countries in terms of per capita share of the country's gold reserves?

After calculating the per capita share of gold reserves, it appears that the Lebanese citizen tops his peers from the Arab countries in this indicator, as the share of the Lebanese is 1.35 ounce of gold (the weight of an ounce of gold = 31.10 grams).

While the share of the Qatari citizen is 0.64 ounce, while the Kuwaiti citizen's share is 0.60 ounce, while the share of the Saudi citizen is 0.30 ounce.

The following is the ranking of Arab countries in terms of per capita gold reserves in the country:

[yota691]

The World Gold Council expresses its willingness to increase Iraq's share of gold

 

•  Today, 15:05
•  
•  
•  17

Baghdad - IQ  

On Thursday (April 29, 2021) the World Gold Council expressed its readiness to provide support in case it wished to increase the gold quota for Iraq.

The Central Bank’s Media Office stated, in a statement received by  IQ NWES , that “the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mekhaif, held a meeting with the World Gold Council, dealing with a number of issues, most notably the technical support and training files.”

He added that "the meeting also discussed the increase in the foreign reserves of the Central Bank, which have been achieved after the implementation of recent reforms in the work of this bank and the banking sector."

And that "the World Gold Council has provided full support to the Central Bank in case it wishes to increase the share of gold for Iraq."

It is noteworthy that the Central Bank of Iraq ranks fifth in the Arab world and 38 in the world in terms of the size of gold reserves.

 

[yota691]

Governor of the Central Bank of Iraq meets with the World Gold Council

Economie

04-29-2021 | 8:00

 

 

Source:

Alsumaria News

 

612 views

 

 

Today, Thursday, the Governor of the Central Bank of Iraq, Mustafa Ghaleb Makheif, held a meeting with the World Gold Council (upon their request).

"The meeting dealt with a number of issues, the most prominent of which were technical support and training files, in addition to discussing the increase in the foreign reserves of the Central Bank, which was achieved after the implementation of recent reforms in the work of this bank and the banking sector," the Central Bank's media office said in a statement received by Alsumaria News.

 

 

 

According to the statement, the World Gold Council provided full support to the central bank in case it wished to increase the gold quota for Iraq.

It is noteworthy that the Central Bank of Iraq ranks fifth in the Arab world and 38 in the world in terms of the size of gold reserves.

[yota691]

Iraq is fifth in the Arab world and 38th in the world in gold reserves

•  Time: 04/29/2021 15:35:48
•  
•  Read: 806 times

  

{Economic: Al Furat News} The Central Bank of Iraq announced, on Thursday, that the volume of gold reserves at the bank ranks 38 in the world and fifth in the Arab world.

A statement by the Central Bank's Media Office received by {Al Furat News} stated that "the governor of the bank, Mustafa Ghaleb, is terrifying. He held a meeting with the World Gold Council (upon their request) and discussed a number of issues, the most prominent of which were technical support and training files." Adding that "the increase in the foreign reserves of the Central Bank, which was achieved after implementing the recent reforms in the work of this bank and the banking sector, was also discussed. The World Gold Council provided full support to the Central Bank in case it wished to increase the gold quota for Iraq."  

Hazem 

[yota691]

The World Gold Council announces its suppor t to increase the share of Iraq

Economie| 03:03 - 29/04/2021

 

 

 

 

Baghdad - Mawazine News
The World Gold Council announced, on Thursday, its support for increasing Iraq's share of gold.
A statement of the Central Bank of Iraq, of which Mawazine News received a copy, stated that “The Governor of the Central Bank of Iraq, Mustafa Ghaleb, frightened, held a meeting with the World Gold Council (upon their request). The meeting dealt with a number of issues, most notably the technical support and training files."
The statement added, "The meeting discussed the increase in the foreign reserves of the Central Bank, which was achieved after implementing the recent reforms in the work of this bank and the banking sector," adding: "The World Gold Council has provided full support to the Central Bank in case it wishes to increase the gold quota for Iraq."
It is noteworthy that the Central Bank of Iraq is ranked fifth in the Arab world and 38 globally in terms of the size of gold reserves.

[Laid Back]

"The World Gold Council has provided full support system" rel="">support to the Central Bank in case it wishes to increase the gold quota for Iraq."
 

Looks like the CBI will be buying more gold in the near future.

 

Go CBI 

Go foreign currency reserves 

Go Gold reserves 

Go stronger dinar

 

[Rochester]

All that gold, all that oil, but the Dinar has no real value? Yeah, right. If you believe that, I'll sell you some alligators and swamp land in Arizona! 🐊🐊🐊🌵🌵🌵

[horsesoldier]

13 minutes ago, Rochester said:

All that gold, all that oil, but the Dinar has no real value? Yeah, right. If you believe that, I'll sell you some alligators and swamp land in Arizona! 🐊🐊🐊🌵🌵🌵

i own some swamp land in Arizona w/Gators.... damn beasties are more trouble than their worth. Out here though the swamp is more like quicksand. Gators can swim through most anything.😀

[MyLadiesDaddy]

Did somebody say GOLD 

I wonder how much Silver they have. 

And why is it that people don't understand why every Central Bank on earth is buying up Gold like it's going out of style? 

The Dinar will Revalue when the world goes back on the Gold standard. Not a second before. 

 

The question you all should be asking yourself is, how much Silver and Gold do I need to survive the chaos that will certainly ensue with the changeover from Fiat to the Gold standard.