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For the second month.. Iraq maintains its global rank in the gold possession classification


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 2021-08-01 02:10
 

Shafaq News/ The World Gold Council announced, on Sunday, that Iraq sold 100 kilos of gold to fall one rank among the world's gold reserves, indicating that Japan bought the largest amount of gold during the first quarter of this year.

The council said in its latest schedule for August 2021, which was seen by Shafak News Agency; Iraq has sold 100 kilos of gold to become its possession of 96.3 tons, after it was 96.4 tons, which represents 9.1% of the rest of its other reserves.

He added, "Iraq has not bought gold since September of 2020, when it bought a small amount of 0.1 tons, while it bought 6.5 tons in September 2018."

He explained that "Iraq fell one rank to become 39th globally out of 100 countries listed in the table with the largest gold reserves in the world," noting that "Brazil managed to purchase 41 tons during the past month, to raise its rank from 42 to 32 globally."

He pointed out that "the largest increases for the first quarter of the current year 2021 for the purchase of the yellow metal came from Japan, which bought 80.76 tons of gold, followed by Hungary, which bought 62.98 tons, and Uzbekistan third, which bought 23.33 tons, then India came fourth, which bought 18.67 tons, and Kazakhstan came fifth. Which bought 7.99 tons, noting that the best selling countries for gold in the first quarter of this year was Turkey, with an amount of 31.60 tons, followed by the Philippines, with an amount of 24.73 tons, and then the UAE, with an amount of 3.43 tons, followed by Russia with 3.11 tons, and finally, Jordan came with 3.05 tons.

He pointed out that "the United States of America still ranks first in the world's largest gold reserves with 8,133 thousand tons, followed by Germany with 3,359 thousand tons, while Yemen was at the bottom with 1.6 tons, preceded by Haiti by 1.8 tons."

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

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1 hour ago, yota691 said:
 
 2021-08-01 02:10
 

Shafaq News/ The World Gold Council announced, on Sunday, that Iraq sold 100 kilos of gold to fall one rank among the world's gold reserves, indicating that Japan bought the largest amount of gold during the first quarter of this year.

The council said in its latest schedule for August 2021, which was seen by Shafak News Agency; Iraq has sold 100 kilos of gold to become its possession of 96.3 tons, after it was 96.4 tons, which represents 9.1% of the rest of its other reserves.

He added, "Iraq has not bought gold since September of 2020, when it bought a small amount of 0.1 tons, while it bought 6.5 tons in September 2018."

He explained that "Iraq fell one rank to become 39th globally out of 100 countries listed in the table with the largest gold reserves in the world," noting that "Brazil managed to purchase 41 tons during the past month, to raise its rank from 42 to 32 globally."

He pointed out that "the largest increases for the first quarter of the current year 2021 for the purchase of the yellow metal came from Japan, which bought 80.76 tons of gold, followed by Hungary, which bought 62.98 tons, and Uzbekistan third, which bought 23.33 tons, then India came fourth, which bought 18.67 tons, and Kazakhstan came fifth. Which bought 7.99 tons, noting that the best selling countries for gold in the first quarter of this year was Turkey, with an amount of 31.60 tons, followed by the Philippines, with an amount of 24.73 tons, and then the UAE, with an amount of 3.43 tons, followed by Russia with 3.11 tons, and finally, Jordan came with 3.05 tons.

He pointed out that "the United States of America still ranks first in the world's largest gold reserves with 8,133 thousand tons, followed by Germany with 3,359 thousand tons, while Yemen was at the bottom with 1.6 tons, preceded by Haiti by 1.8 tons."

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

I wonder what the CBI is paying with 6-million dollars?

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One Kilogram of gold is around $58,383.00

100 kilograms of = $5,838,300.00 million dollars 

Iraq 2021 Budget was calculated at $46 per barrel of oil. Oil prices today are over $70 per barrel…. They have a budget surplus.

I remember another article talking about Iraq creating an emergency fund with the surplus.

CBI sales $200 million dollars a day in the currency auction.

Why CBI sold 100kg of gold when they can easily take $5.83 million dollars off the emergency fund or the foreign currency reserves.

 

Just trying to understand 

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6 hours ago, Half Crazy Runner said:

How much do they still owe Kuwait? 

As of March of this year ...Iraq owed Kuwait 2.5 billion ( They've already paid close to 50 billion ). They pay 3% of oil revenues toward the balance... 

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13 minutes ago, Laid Back said:

One Kilogram of gold is around $58,383.00

100 kilograms of = $5,838,300.00 million dollars 

Iraq 2021 Budget was calculated at $46 per barrel of oil. Oil prices today are over $70 per barrel…. They have a budget surplus.

I remember another article talking about Iraq creating an emergency fund with the surplus.

CBI sales $200 million dollars a day in the currency auction.

Why CBI sold 100kg of gold when they can easily take $5.83 million dollars off the emergency fund or the foreign currency reserves.

 

Just trying to understand 

I think we are seeing the transfer of gold amongst countries to balance their currencies value. If all countries are going to be on a "level playing field" (Trump) and going to an asset backed currency, this makes sense.

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by Editor Iraq news , economy 23 Hours ago

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The appearance of Muhammad Salih revealed the size of the internal and external debts owed by Iraq and the mechanisms for repaying those debts.

Saleh said in press statements that the internal debts amount to fifty billion dollars and are collected from the official government financial system and not to creditors from the private sector, that is, they are from the state to the state, while he indicated that the remaining external debts that are due for payment amount to twenty-three billion dollars and are programmed for payment within a paragraph Debt services in the annual general budget in order to be extinguished, indicating that part of the external debt is a remnant of the debt rescheduling of the Paris Club Agreement, and the other was created to finance armament and equipping the armed forces due to the conditions of the war on ISIS after the year two thousand and fourteen.

 

 

 

 

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Iraq drops one rank in the list of the largest gold reserves in the world

Economie09:29 - 01/08/2021

 
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Follow-up - Mawazine News
The World Gold Council announced, on Sunday, that Iraq has fallen one rank among the world's reserves of the precious metal, indicating that Japan bought the largest amount during the first quarter of this year.
The council said in its latest schedule for the month of August of 2021, which was reviewed by Mawazine News, that "Iraq sold 100 kilos of gold, and its possession became 96.3 tons, after it was 96.4 tons, which represents 9.1% of the rest of its other reserves."
He added, "Iraq has not bought gold since September of 2020, when it bought a small amount of 0.1 tons, while it bought 6.5 tons in September 2018."
He explained that "Iraq fell one rank to become 39th globally out of 100 countries listed in the table with the largest gold reserves in the world," noting that "Brazil was able to purchase 41 tons during the past month, to raise its rank from 42 to 32 globally."
He pointed out that "the United States of America still ranks first in the world's largest gold reserves with 8,133 thousand tons, followed by Germany with 3,359 thousand tons, while Yemen was at the bottom with 1.6 tons, preceded by Haiti by 1.8 tons." Ended 29/A 4

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A couple of months ago, Iraq was saying there was no way they would ever get out of debt and be independent, and now Salih is saying they can do it.  Who do you believe? 

I am with you Laid Back, just trying to understand!

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1 hour ago, shixjr said:

A couple of months ago, Iraq was saying there was no way they would ever get out of debt and be independent, and now Salih is saying they can do it.  Who do you believe? 

I am with you Laid Back, just trying to understand!

I believe Salih and I believe it could happen soon.. 

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1 hour ago, shixjr said:

A couple of months ago, Iraq was saying there was no way they would ever get out of debt and be independent, and now Salih is saying they can do it.  Who do you believe? 

I am with you Laid Back, just trying to understand!


You can’t believe a word these people say-they’re full of  :bs: - and they say White Man speak with forked tongue 

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 2021-08-04 04:07
 

Shafaq News/ The United States of America ranked as the largest country in gold reserves for the first half of 2021, according to the World Gold Council.

In a table of 100 countries with the largest gold reserves seen by Shafaq News Agency, the council stated that "the United States took the lead in the largest gold reserves in the world during the first half of 2021, with reserves amounting to 8.133 thousand tons, followed by Germany second with 3,359 thousand tons, Italy came third with 2,451 thousand tons, and then France came fourth with 2,436 thousand tons.

He added, "Russia came fifth with 2,292 thousand tons, China came sixth with 1,948 thousand tons, Switzerland came seventh with 1,040 thousand tons, Japan ranked eighth with 846 tons, India came ninth with 705 tons, and the Netherlands came tenth with 612 tons."

In the Arab world, Saudi Arabia ranked first and 18th globally with a reserve of 323 tons, followed by Lebanon second and 20th globally with a reserve of 286 tons, followed by Algeria third and 26th globally with a reserve of 173 tons, followed by Libya fourth and 34th globally with a reserve of 116 tons. Then Iraq ranked fifth and 39th globally with a reserve of 96.3 tons, followed by Egypt sixth and 41st globally with a reserve of 80 tons, followed by Kuwait seventh and 43rd globally with a reserve of 79 tons, followed by Qatar eighth and 48th globally with a reserve of 56 tons, and then the UAE ranked ninth and 49th globally with a reserve 55 tons, and Jordan ranked tenth and 53rd globally, with a reserve of 43 tons.

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Wednesday 4 August 2021 | 09:15 am
Number of readings: 144

irq_1695742512_1628057725.jpg&max_width=

 


Recent data issued by the World Gold Council revealed that two banks and 16 countries, including Saudi Arabia, control gold in the world, and it is the only Arab country on the list .

The data indicated that gold is divided into jewelry, gold for industrial purposes, gold in the form of investment, and gold in the possession of central banks .

These data indicated that the United States of America was the largest owner of gold until the middle of this year, and it controls more than 8,133.5 tons of gold, followed by Germany with 3,359.1 tons of the yellow metal .

It was mentioned that the countries that control gold in the world are Saudi Arabia, the United States, Germany, Italy, France, Russia, China, Switzerland, Japan, India, the Netherlands, Turkey, Taiwan, Kazakhstan, Portugal and Uzbekistan, in addition to two central banks, namely the International Monetary Fund and the European Central Bank .

It is noteworthy that gold is one of the most important reserve assets in the world, along with government bonds.

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 2021-08-09 22:58
 

Shafaq News/ "Foreign and Iraqi" gold prices fell significantly in the local markets, today, Monday (August 9, 2021).

Shafak News Agency reporter said; Gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, witnessed a decrease, indicating that the 21-caliber weight of Gulf, Turkish and European gold recorded a selling price of 358 thousand dinars, while the purchase price reached 353 thousand.

Our correspondent indicated that the selling price of one 21 carat weight of Iraqi gold recorded an increase of 328 thousand dinars, while the purchase price amounted to 323 thousand.

With regard to gold prices in the jewelers’ shops, the price of selling the weight of Gulf gold 21 carat ranged between 355 thousand and 365 thousand dinars, while the selling price ranged from the weight of Iraqi gold between 330 thousand and 340 thousand dinars.

It is equal to one mithqal of gold (five grams).

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  • 4 weeks later...
 
 2021-09-05 04:55
 

Shafaq News/ The World Gold Council announced, on Sunday, that Iraq maintained its 39th position for the second month in a row and the fifth in the Arab world as the largest gold reserve in the world, indicating that Brazil bought the largest amount of gold.

In its latest schedule for the month of September 2021, the council said, "Iraq maintained its 39th position globally for the second consecutive month out of the 100 countries listed in the table with the largest gold reserves in the world after dropping one rank during the previous month to become 96.3 gold holdings." tons after it was 96.4 tons, which represents 9.4% of the rest of its other reserves.

He added, "Iraq has maintained its fifth rank in the Arab world after Saudi Arabia, Libya, Algeria and Lebanon," noting that "Iraq has not bought gold since September of the year 2020, when it bought a small amount of 0.1 tons, while it bought 6.5 tons in September 2018."

He pointed out that "Brazil was the largest buyer of gold during the month, with a quantity of 8.5 tons, followed by Uzbekistan 8.4 tons, India 7.5 tons, while the best selling countries of gold came Qatar with 2.2 tons of gold, followed by Poland 1.9 tons."

He pointed out that "the United States of America still ranks first in the world's largest gold reserves with 8,133 thousand tons, followed by Germany with 3,359 thousand tons, while Suriname came to the bottom with 1.5 tons, preceded by Yemen with 1.6 tons."

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

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      Iraq sells 100 kilos of gold and falls one rank in the world's reserves
         2021-08-01 02:10   Shafaq News/ The World Gold Council announced, on Sunday, that Iraq sold 100 kilos of gold to fall one rank among the world's gold reserves, indicating that Japan bought the largest amount of gold during the first quarter of this year.
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      It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world.
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