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Global Gold: Central banks buy 142 tons of gold, and Iraq ranks 30


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 2021-11-11 04:03
 

Shafaq News/ The financial advisor to the Prime Minister, Mazhar Muhammad Salih, said today, Thursday, that the central banks' reserves of gold come as part of a balanced basket with the rest of the currencies, considering the yellow metal "a heavy commodity and its liquidation is difficult."

Saleh told Shafaq News Agency, "All central banks in the world hedge reserves of currencies that are securities whose credit rating is very high, in addition to gold, which these reserves must be of low risk," noting that "there must be a balanced basket of different currencies." to maintain the purchasing power of the reserves.

He added, "These reserves consisting of currencies and gold do not come randomly, but rather depend on global evidence that is mentioned and issued by the International Monetary Fund from time to time," noting that "part of these reserves is monetary gold so that the country's investment portfolio is low in risks and the so-called exchange rate fluctuations and decline The value of currencies, so the country hedges a diversified basket and part of the diversity is gold.”

Saleh pointed out that "gold is usually not hedged, and it is partial and does not exceed 10% of the reserves of central banks," noting that "monetizing gold is difficult, and it is a heavy commodity, not like other currencies that can be bought and sold in moments."

According to the World Gold Council, Iraq possesses in its reserves 96.4 tons of gold, which represents 9% of the rest of its other currencies. Iraq ranks 39th globally among the largest gold reserves, and fifth in the Arab world after Saudi Arabia, Lebanon, Algeria and Libya.

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Economy News _ Baghdad

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, said, on Thursday, that the central banks' reserves of gold come as part of a balanced basket with the rest of the currencies, considering the yellow metal "a heavy commodity and its liquidation is difficult."

Saleh said in a press interview, "All central banks in the world hedge reserves of currencies that are securities whose credit rating is very high, in addition to gold, which these reserves must be low risk," noting that "there must be a balanced basket of currencies." to maintain the purchasing power of the reserves.

He added, "These reserves consisting of currencies and gold do not come randomly, but rather depend on global evidence that is mentioned and issued by the International Monetary Fund from time to time," noting that "part of these reserves is monetary gold so that the country's investment portfolio is low in risks and the so-called exchange rate fluctuations and decline The value of currencies, so the country hedges a diversified basket and part of the diversity is gold.”

Saleh pointed out that "gold is usually not hedged, and it is partial and does not exceed 10% of the reserves of central banks," noting that "monetizing gold is difficult, and it is a heavy commodity, not like other currencies that can be bought and sold in moments."

According to the World Gold Council, Iraq possesses in its reserves 96.4 tons of gold, which represents 9% of the rest of its other currencies. Iraq ranks 39th globally among the largest gold reserves, and fifth in the Arab world after Saudi Arabia, Lebanon, Algeria and Libya.

 
 
Views 102,   date added 11/11/2021
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1 hour ago, Laid Back said:

In mi opinion, it is time to buy more Gold and Crypto, consumer price index latest numbers shows the highest inflation in 30 years.

 

Go Gold

Go Crypto

 

That’s my plan LD as soon as this Dinar speculation comes to fruition. One gamble at a time…

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The World Gold Council announced, on Saturday, that the possession of the yellow metal in the first five Arab countries, including Iraq, as reserves amounted to more than 1,000 tons for the third quarter of 2021.
The Council said in its latest schedule for the month of November 2021, that “the reserves of Saudi Arabia, Lebanon, Algeria, Libya and Iraq Of gold, it rose to 1005.5 tons in the third quarter of this year, compared to the second quarter of it, which amounted to 996.5 tons.
He added that "Saudi Arabia's possession of gold amounted to 323.1 tons, while Lebanon's possession of gold amounted to 286.8 tons, Algeria 173.6 tons, Libya 116.6 tons, and Iraq's gold reserves amounted to 96.4 tons."
He pointed out that "the reserves of the first five countries in the world were America, Germany, Italy, France and Russia amounted to 18,672 thousand tons, and the United States of America came in the first place with 8133 thousand tons, followed by Germany with 3,259 thousand tons, then Italy came 2451 thousand tons, and France 2436 thousand tons, Russia came fifth with 2,292,000 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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 2021-11-13 02:30
 

 

Shafaq News/ The World Gold Council announced on Saturday that the possession of the yellow metal in the first five Arab countries, including Iraq, as reserves amounted to more than 1,000 tons for the third quarter of 2021.

 

The council said in its latest schedule for the month of November 2021, which was seen by Shafak News Agency, that "the gold reserves of Saudi Arabia, Lebanon, Algeria, Libya and Iraq rose to reach 1005.5 tons in the third quarter of this year, compared to the second quarter of it, which amounted to 996.5 tons." .

 

And he indicated that "Saudi Arabia's possession of gold amounted to 323.1 tons, while Lebanon's possession of gold amounted to 286.8 tons, Algeria 173.6 tons, Libya 116.6 tons, and Iraq's gold reserves amounted to 96.4 tons."

 

He pointed out that "the reserves of the first five countries in the world were America, Germany, Italy, France and Russia amounted to 18,672 thousand tons, and the United States of America came in the first place with 8133 thousand tons, followed by Germany with 3,259 thousand tons, then Italy came 2451 thousand tons, and France 2436 thousand tons, Russia came fifth with 2,292,000 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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 2021-12-07 01:13
 

Shafaq News/ The World Gold Council announced on Tuesday that the central banks of countries bought small quantities of gold within one month, while Iraq maintained its global position.

The council said in its latest schedule for the month of December of 2021, which was seen by Shafak News Agency, that "the central banks bought two tons of gold on a net basis, as the purchase was met with sales from a small number of banks, which is the lowest monthly total in 2021."

He added, "Four central banks accounted for the vast majority of purchases, with Kazakhstan being the largest buyer, adding 6 tons, followed by India, which added 3.8 tons, and Russia buying 3 tons during the month. Ireland also bought one ton of gold, while three banks recorded Central sales included Uzbekistan 8 tons, Turkey two tons, and Qatar two tons.

He pointed out that "Iraq maintained its global position 39 for the fifth consecutive month out of the 100 countries listed in the table with the largest gold reserves, reaching 96.4 tons of gold, which represents 8.8% of the rest of its other reserves."

He explained that "Iraq also maintained its fifth rank in the Arab world after Saudi Arabia, Libya, Algeria and Lebanon," noting that "the total possession of gold in the five Arab countries amounts to 996.4 tons."

He pointed out that "the United States still leads the rest of the countries with the largest gold possession in the world, at 8,133 thousand tons, followed by Germany, 3,359 thousand tons, then Italy, 2,451 thousand tons, while Suriname ranked 100, 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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Economy News _ Baghdad

The World Gold Council announced, on Tuesday, that the central banks of countries bought small quantities of gold within one month, while Iraq maintained its global position.

The council said in its latest schedule for the month of December of 2021 and seen by "Economy News", that "the central banks bought two tons of gold on a net basis, as the purchase was met with sales from a small number of banks, which is the lowest monthly total in 2021."

He added, "Four central banks accounted for the vast majority of purchases, with Kazakhstan being the largest buyer, adding 6 tons, followed by India, which added 3.8 tons, and Russia buying 3 tons during the month. Ireland also bought one ton of gold, while three banks recorded Central sales included Uzbekistan 8 tons, Turkey two tons, and Qatar two tons.

He pointed out that "Iraq maintained its global position 39 for the fifth consecutive month out of the 100 countries listed in the table with the largest gold reserves, reaching 96.4 tons of gold, which represents 8.8% of the rest of its other reserves."

He explained that "Iraq also maintained its fifth rank in the Arab world after Saudi Arabia, Libya, Algeria and Lebanon," noting that "the total possession of gold in the five Arab countries amounts to 996.4 tons."

He pointed out that "the United States still leads the rest of the countries with the largest gold possession in the world, at 8,133 thousand tons, followed by Germany, 3,359 thousand tons, then Italy, 2,451 thousand tons, while Suriname ranked 100, 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.

 
 
Views 163   Date Added 07/12/2021
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  • 2 weeks later...
  •  Time: 12/22/2021 14:50:12
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Including Iraq.. Statistics of Arab countries' gold reserves
  
{Economic: Al Furat News} The year 2021 witnessed severe fluctuations in global stock exchanges and markets, including gold contracts, in light of the Corona virus crisis and its repercussions on economic activities.

Gold is a safe haven, especially in times of crisis, as many people tend to buy it to hedge against inflation, and in the past two years, gold prices have risen in light of the Corona virus crisis and its consequences.

The World Gold Council recently published its report for the month of December 2021, which is the final report for the year 2021, which showed that the reserves of the central banks in the world amounted to 35582.3 tons of the metal, and the reserves of the central banks of the Arab countries of the precious metal constituted about 3.85% of the total global reserves.

Iraq ranked fifth with gold reserves of 96 tons and 400 kg of gold.

The following is a table showing the arrangement of the Arab countries in the reserves of the ringing yellow, based on the report of the World Gold Council for the month of December 2021:

1b7daa728437662c5bd6dc21528b7831.png

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The World Gold Council recently published its report for the month of December 2021, which is the final report for the year 2021, which showed that the reserves of central banks in the world amounted to 35582.3 tons of the metal.

The reserves of the central banks of the Arab countries of the precious metal constituted about 3.85% of the total global reserves. Saudi Arabia topped the Arab countries with gold reserves, and its possessions of the precious metal reached 323.1 tons.
 
 

At the world level, the United States topped the world's countries with gold reserves, which amounted to 8,133.5 tons.

The report also showed the share of gold in each country's total foreign reserves. Lebanon, which is witnessing an escalating economic crisis, topped the Arab countries with this indicator, as gold constituted about 45.6% of its total reserves.

The following is a list of the largest countries with the share of gold in their reserves, based on the report of the Council:
 
 
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 2022-01-08 01:15
 

Shafaq News/ Today, Saturday, the World Gold Council announced a decline in the world's gold reserves after the central banks of countries sold large quantities of gold within one month, while Iraq maintained its global position.

The council said in its latest schedule for the month of January 2022, which was reviewed by Shafak News Agency; "The world's gold reserves declined as a result of the central banks selling large quantities of it, amounting to 21.5 tons of gold," noting that "Uzbekistan sold 21.5 tons of gold to reach 353.6 tons, while Turkey sold 7 tons, Russia 3.1 tons and the Kyrgyz Republic 1.4 tons."

He added that "a small group of regular buyers bought quantities of gold, namely Kazakhstan 4.3 tons, Poland 3.4 tons, India 2.8 tons, and Ireland 0.7 tons."

He pointed out that "Iraq maintained its global position 39 for the sixth consecutive month out of the 100 countries listed in the table with the largest gold reserves, reaching 96.4 tons of gold, which represents 9% of the rest of its other reserves."

He explained that "Iraq also maintained its fifth rank in the Arab world after Saudi Arabia, Libya, Algeria and Lebanon," noting that "the total possession of gold in the five Arab countries amounts to 996.5 tons."

He pointed out that "the United States still leads the rest of the countries with the largest gold possession in the world, with 8,133 thousand tons, followed by Germany, 3,359 thousand tons, then Italy 2,451 thousand tons, while Suriname ranked 100, 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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Economy News _ Baghdad

 Today, Saturday, the World Gold Council announced a decline in world gold reserves after the central banks of countries sold large quantities of gold within one month, while Iraq maintained its global position.

In its latest schedule for the month of January 2022, which was reviewed by Al-Eqtisadiah News, the council said that “the global reserves of gold declined as a result of the central banks selling large quantities of it, amounting to 21.5 tons of gold,” noting that “Uzbekistan sold gold by 21.5 tons to reach to 353.6 tons, while Turkey sold 7 tons, Russia 3.1 tons and the Kyrgyz Republic 1.4 tons.

He added that "a small group of regular buyers bought quantities of gold, namely Kazakhstan 4.3 tons, Poland 3.4 tons, India 2.8 tons, and Ireland 0.7 tons."

He pointed out that "Iraq maintained its global position 39 for the sixth consecutive month out of the 100 countries listed in the table with the largest gold reserves, reaching 96.4 tons of gold, which represents 9% of the rest of its other reserves."

He explained that "Iraq also maintained its fifth rank in the Arab world after Saudi Arabia, Libya, Algeria and Lebanon," noting that "the total possession of gold in the five Arab countries amounts to 996.5 tons."

He pointed out that "the United States still leads the rest of the countries with the largest gold possession in the world, with 8,133 thousand tons, followed by Germany, 3,359 thousand tons, then Italy 2,451 thousand tons, while Suriname ranked 100, 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.

 
 
Views 113   Date Added 01/08/2022
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  •  Time: 01/13/2022 15:36:37
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Iraq's ranking among Arab countries in gold reserves for 2022
  
{Economic: Al Furat News} Saudi Arabia leads the Arab countries in gold reserves, as the Kingdom owns 323.1 tons of the precious metal, according to the first report of the World Gold Council this year.

The Council recently published its report for the month of January 2022, where it showed that the reserves of central banks in the world amounted to 3,5571.3 tons of the metal, an increase of about 11 tons over the report of last December.

The following is a table showing the ranking of Arab countries in gold reserves based on the World Gold Council report for the month of January 2022:

9cc1a916dd361d42abfa2b5e713d4ebe.png

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 2022-01-30 01:32
 

Shafaq News/ Gold mining is a global business with operations on every continent, except Antarctica, and gold is extracted from mines of different types and sizes on a large scale.

In a table of the World Gold Council, seen by Shafak News Agency, it indicated that "China was the largest gold producer in the world in 2020 out of 44 countries, where China acquired about 11 percent of the total global production with an annual production of 368.3 tons, followed by Russia with a production of 331.1 tons. Then, Australia came third, with a production of 327.8 tons, the United States came fourth, with a production of 190.2 tons, and Canada came in fifth, with a production of 170.6 tons.

The report indicated that "there are three Arab gold-producing countries, where Sudan ranked 15th globally and first in the Arab world, with an annual production of 83.8 tons, followed by Mauritania at 35th globally with an annual production of 15.6 tons, followed by Egypt at 36th globally with an annual production of 14.1 tons."

She explained that New Zealand ranked last in the world in gold production, with an annual production of 5.5 tons, preceded by Sweden with 8.2 tons.

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 2022-02-06 01:32
 

Shafaq News/ The World Gold Council announced on Sunday that Iraq has advanced one rank among the world's most precious metal reserves.

According to the latest table published by the Council in February 2022 and seen by Shafak News Agency, "Iraq advances one rank to reach the 38th place out of 100 countries listed in the table with the largest gold reserves after a decline in Libya's ranking in the table," noting that "Iraq ranked fourth in the Arab world after Saudi Arabia, Algeria and Lebanon.

And he added, "Iraq kept its gold holdings unchanged, bringing its gold holdings to 96.4 tons, which represents 8.8% of the rest of its other reserves."

The council also stated that "the global official reserves of gold increased by 14.2 tons, as Turkey bought an amount of gold by 10.1 tons, Uzbekistan added 8.4 tons, Kyrgyzstan added 1.1 tons, the Czech Republic added 0.4 tons, and Ukraine 0.3 tons, while some countries sold gold, namely Kazakhstan." -4.8 tons, Sri Lanka -3.6 tons, Poland -1.6 tons.

She pointed out that "the United States still ranks among the countries with the largest gold possession in the world, with 8.133 tons, followed by Germany, 3.359 tons, then Italy, 2,451 tons, while El Salvador ranked 100, with 1.4 tons, preceded by Suriname, with 1.5 tons."

It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom and 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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Economy News _ Baghdad

On Sunday, the World Gold Council announced that Iraq has advanced one rank among the world's most precious metal reserves.

According to the latest table published by the Council in February 2022 and seen by "Economy News", "Iraq advanced one rank to reach the 38th place out of the 100 countries listed in the table with the largest gold reserves after a decline in the order of Libya within the table," noting that "Iraq ranked fourth." Arab countries, after Saudi Arabia, Algeria and Lebanon.

And he added, "Iraq kept its gold holdings unchanged, bringing its gold holdings to 96.4 tons, which represents 8.8% of the rest of its other reserves."

The council also stated that "the global official reserves of gold increased by 14.2 tons, as Turkey bought an amount of gold by 10.1 tons, Uzbekistan added 8.4 tons, Kyrgyzstan added 1.1 tons, the Czech Republic added 0.4 tons, and Ukraine 0.3 tons, while some countries sold gold, namely Kazakhstan." -4.8 tons, Sri Lanka -3.6 tons, Poland -1.6 tons.

She pointed out that "the United States still ranks among the countries with the largest gold possession in the world, with 8.133 tons, followed by Germany, 3.359 tons, then Italy, 2,451 tons, while El Salvador ranked 100, with 1.4 tons, preceded by Suriname, with 1.5 tons."

It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom and 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.

 
 
Views 223   Date Added 02/06/2022
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   What happened to the 96 tons of gold that the US cleared out of Iraq in the very early days of our invasion?. Oddly enough , these articles refer to 96 tons of gold that Iraq now has . This was war booty ,but some was meant to restore Iraq  to its pre war condition .

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 2022-02-27 01:04
 

Shafaq News/ The World Gold Council announced on Sunday that more than 2,000 tons of gold are in the possession of a number of Arab countries.

In a report seen by Shafak News Agency, the council said that "the central banks of ten Arab countries own more than 2,180 tons of gold," noting that "these countries combined are much less than what America owns alone in possession of gold, which amounts to 8.133 tons."

The report added that "Saudi Arabia is at the forefront of the Arab countries with the most gold, with its gold holdings amounting to 323.1 tons, followed by Lebanon 286.8 tons, followed by Algeria 173.6 tons, followed by Libya 116.6 tons, and then Iraq came fifth with reserves of 96.4 tons."

And he added, "Egypt's reserves amounted to 80.9 tons, Kuwait 79 tons, Qatar came with reserves of 56.7 tons, followed by the UAE with 55.2 tons, and finally Jordan came with 43.5 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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  • 3 weeks later...
The Central Bank determines the rank of Iraq globally with gold reserves

The Central Bank determines the rank of Iraq globally with gold reserves

Thursday, March 17, 2022 6:22 PM

https://nnciraq-com.translate.goog/117750/?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

Baghdad / National News Center

Today, Thursday, the Central Bank of Iraq announced the size of the gold reserves in Iraq, while determining the country's ranking globally.

Deputy Governor of the Central Bank, Ihsan Shamran, said that "the gold reserves in Iraq are 96.4 tons."

Shamran added, "Iraq is located in the ranking of international gold reserves in the 37th sequence."

The World Gold Council, last January, published its report on the reserves of the central banks in the world of gold, and the data showed that the reserves amounted to 35571.3 tons of the metal.

According to the data, total reserves increased by 11 tons in the January 2022 report, compared to December 2021.

The United States leads the world in reserves of the precious metal, followed by Germany, then Italy, then France, and then Russia.

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2 hours ago, Goggles said:

Certainly is an extreme amount of gold to have for a country that has millions of homeless citizens (and going hungry!)!!  Shame on them!!! 

and a crappy exchange rate too! no reason they shouldn't have better! Less poor and a better rate!

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