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June 27, 2022
The Governor of the Central Bank of Iraq meets the Higher Committee for Lending

 

 


The Governor of the Central Bank of Iraq meets the Higher Committee for Lending

Today, Monday, His Excellency the Governor of the Central Bank of Iraq, Mustafa Ghaleb Mokhif, met with the Chairman of the Supreme Committee for Supervision of Central Bank of Iraq loans and its members.
His Excellency presented the background with which the initiative was launched as a result of the security, political and financial challenges that faced Iraq when the state was in a difficult situation, and the real sector faced problems in financing and sustainability, so it was necessary for the Central Bank to intervene to restore life to the economy and hope to its workers.
The Chairman of the Committee reviewed the achievements of the initiative and the number of projects that were funded in the housing, industry, agricultural, commercial and service sectors.
His Excellency promised to support the banks and coordinate with the Ministry of Finance to overcome the difficulties they are facing.
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June 27, 2022
Books, records and data of branches of exchange companies of all categories (A, B)

 

 


The Central Bank of Iraq decided that all exchange companies of categories ( A, B ) should do the following:
 
1. Keeping records (primary and secondary) for each branch of the company.
2. Provide this bank with special trial balances for each branch of the company in addition to the comprehensive trial balance of the parent company on a quarterly basis and according to the form.
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The Governor of the Central Bank of Iraq meets the Higher Committee for Lending

984688-18740295-32b0-417f-a0fa-f9a33a08d
Baghdad / NINA / - The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mukhif, met today, Monday, the head of the Supreme Committee for Supervision of Central Bank of Iraq loans and its members.

The governor presented "the background from which the initiative was launched as a result of the security, political and financial challenges that faced Iraq when the state was in a difficult situation, and the real sector faced problems in financing and sustainability," noting that: "It was necessary for the Central Bank to intervene to restore life to the economy and hope to its workers." ".

The Chairman of the Committee reviewed the achievements of the initiative and the number of projects that were funded in the housing, industry, agriculture, commercial and service sectors.

The governor promised "to support the banks and coordinate with the Ministry of Finance to overcome the difficulties they are facing."/End of p
 
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The Governor of the Central Bank of Iraq promises to suppor t banks and overcome the difficulties they face

The Governor of the Central Bank of Iraq promises to support banks and overcome the difficulties they face
Central Bank of Iraq
 

Mubasher: The Governor of the Central Bank of Iraq, Mustafa Ghaleb Mukhif, pledged, today, Monday, to support the banks and overcome the difficulties they face.

A statement by the Central Bank, published today, Monday, stated that "the Governor of the Central Bank of Iraq, Mustafa Ghaleb, met today with the head of the Supreme Committee for Supervision of Central Bank loans and its members."

And he indicated that "the governor presented the background on which the Central Bank initiative was launched as a result of the security, political and financial challenges that Iraq faced when the country was in a difficult situation."

Mokhif explained, according to the statement, that "the real sector is facing problems in financing and sustainability, so it was necessary for the Central Bank to intervene to restore life to the economy and hope to its workers," pledging "to support banks and coordinate with the Ministry of Finance to overcome the difficulties they face."

For his part, the Chairman of the Committee reviewed "the achievements of the initiative and the number of projects that have been funded in the housing, industry, agriculture, commercial and service sectors."

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The Central Bank of Iraq's gold reserves rise

6/27/2022

 

Today, Monday, the Central Bank of Iraq announced that Iraq has advanced ten ranks in the table of the most countries in gold reserves, bringing its total possessions to (130.39) tons, ranked thirty in the world and fourth in the Arab world.
The Central Bank of Iraq confirmed the purchase of new quantities of gold, amounting to approximately (34) tons, with an increase of 35% over what was in its possession. and international.
It is noteworthy that gold is one of the most important assets held by central banks and international financial institutions, and a safe haven in conditions of uncertainty, due to its acceptance at the international level.

 

Central Bank of Iraq
information Office
27 - June - 2022

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Central Bank: Iraqi gold reserves exceed 130 tons
 
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Economy News - Baghdad
Iraq is ranked 10th in the world and fourth in the Arab world, the Central Bank of Iraq said Monday.

The Central Bank of Iraq confirmed the purchase of new quantities of gold by approximately (34) tons, a 35% increase over what it had in possession, as part of the Central Bank's strategy to manage its assets in order to achieve the highest levels of stability and the ability to cope with domestic and international economic variables.

Gold is one of the most important assets held by central banks and international financial institutions, and a safe haven in circumstances of uncertainty, because of its international acceptability.

 


Views 23
Added 2022/06/27 - 5:10 PM
Updated 2022/06/27 - 5:35 PM
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Eventhough iraqi gold reserves exceed 130 tons and billion of dollars from oil revenues , iraq still can't pay their debts and can't even form a new government until now because of corrupt people around the government circles together with Iran.

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1 hour ago, Laid Back said:

CBI is moving in the right direction. Gold reserves increased by 35% 

 

Very good news.!

 

Go CBI

Go higher reserves 

Go stronger currency 

Agreed so would you say we can expect the RV by the end of next week now?? Lol

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6 hours ago, Dinarrock said:

Agreed so would you say we can expect the RV by the end of next week now?? Lol

Pretty much 😂😂😂😂


Clearly they are getting ready for an stronger Dinar.
Foreign currency reserves growing 

Gold reserves growing

Oil exports Growing 


Go Stronger Dinar 

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Sure seems like there is a mismatch in value, but I’ve seen that for more than a decade now. The IQD really should hold a stronger value. Perhaps this plays out in our favor from the perspective of the foreign investor. 

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June 27, 2022
The Central Bank of Iraq's gold reserves rise

 

 


The Central Bank of Iraq's gold reserves rise
 
Today, Monday, the Central Bank of Iraq announced that Iraq has advanced ten ranks in the table of the most countries in gold reserves, bringing its total possessions to (130.39) tons, ranked thirty in the world and fourth in the Arab world.
The Central Bank of Iraq confirmed the purchase of new quantities of gold, amounting to approximately (34) tons, with an increase of 35% over what was in its possession. and international.
It is noteworthy that gold is one of the most important assets held by central banks and international financial institutions, and a safe haven in conditions of uncertainty, due to its acceptance at the international level.

Central Bank of Iraq
Media Office
27 - June - 2022
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An economist talks about the "secret" of Iraq's purchase of additional quantities of gold
 

Baghdad - people  

The economist, Hammam Al-Shamma, commented, on Monday, on the rise in the Iraqi gold reserves, and its solutions in the advanced ranks of the Arab world.   

  

 

  

  

Al-Shammaa said, in a statement, to "Nass" (June 27, 2022): "Iraq bought additional quantities of gold due to its assessment that the next stage will depend on gold in a very large way."  

  

He added, "Although the United States will try to reduce the importance of gold because it is one of the very large sources of revenue for Russia, but the Central Bank and the Investment Authority believe, and in my opinion it is correct, that the United States seeks to reduce the importance of gold only because it knows that the upcoming international trades are due to the war and the so-called sanctions. imposed on Russia and the countermeasures taken by Moscow will reduce the importance of the dollar in international transactions."  

  

And he continued, "Therefore, gold is on the verge of rising, and for this reason, Iraq has increased its gold holdings."  

  

And the Central Bank of Iraq announced, earlier today, the rise in gold reserves, to be ranked fourth in the Arab world.   

  

And the bank said in a statement that “People” received a copy of it (June 27, 2022): “Iraq has advanced ten ranks in the table of the most countries in gold reserves, bringing its total possessions to (130.39) tons, ranked thirty in the world and fourth in the Arab world.”    


The bank confirmed, “The purchase of new quantities of gold, amounting to approximately (34) tons, with an increase of 35% over what was in its possession. ".

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CENTRAL BANK SAYS IRAQ RANKS 30TH IN GOLD RESERVES

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PM:09:39:27/06/2022

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SULAIMANI — The Central Bank of Iraq said on Monday (June 27) Iraq ranks 30th worldwide in its gold reserves and fourth in the Arab world.

The bank said in a statement the country’s gold reserves have reached more than 130 tons.

the statement also said Iraq has bought 34 tones of gold, increasing its reserves by 35 percent.

Increasing the gold reserve is the goal of Iraq’s Central Bank.

Iraq’s oil revenue has been increasing due to the high price of oil. In May, the country’s oil income topped $11 billion from exporting 102 million barrels.

(NRT Digital Media)

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  • 3 weeks later...
  • Time: 07/14/2022 17:40:20
  •  
  • Reading: 2,353 times
Iraq loses one billion dinars in gold reserves
  
{Economic: Al-Furat News} The economist, Duraid Al-Anzi, estimated that Iraq lost at least one billion dinars, as a result of the decline in currencies, including gold.
 

Al-Enezi said {to Euphrates News}: "The economic decline occurred for all hard currencies, including gold, and for the first time in 22 years, the prices of the euro became equal to the prices of the dollar." 
He added, "The mistake made by everyone, including governments, is their direction and storage of gold, and it was supposed to work on storing safe currencies and not building the economy on crises, and by treating them we would be harmed." 
Al-Enezi continued, "The Central Bank of Iraq ranked fourth in the Arab world and forty globally in gold reserves, and our loss at the least amounted to one billion dinars after this decline."
Gold futures fell, today, Thursday, with the price of the US dollar rising globally.
According to the Comex rating of the New York Mercantile Exchange, gold futures were traded in August at $1,724.65 an ounce at 05:40 GMT.
And the dollar index contracts, which measures the performance of the US currency against a basket of six other major currencies, rose by 0.34% to trade at 108.13 dollars.

From: Raghad Daham

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Economist: The rise of the dollar compensates for Iraq's losses from the decline in gold prices
  
{Economic: Al Furat News} The economic expert, Salah Nuri, believes that most of Iraq's transactions are in dollars and the high exchange rate compensates for Iraq's losses from the drop in gold prices.
 

Nuri told Al-Furat News that: "There are indications of a global economic crisis, but this crisis has a weak impact on Iraq, since most of the country's transactions are in dollars, so it is still high against the euro."
He added, "Also, the Iraqi reserve in the International Central Bank is between the dollar and gold, and this diversity in reserves contributed to balancing the economic situation."
Nouri explained, "That is, the decline in gold prices is offset by a rise in the price of the dollar, and this raises the gains and compensates for the losses in gold prices."
The economist, Duraid Al-Anzi, estimated that Iraq lost at least one billion dinars due to the decline in currencies, including gold.
And Al-Enezi {For Euphrates News} said that the Central Bank of Iraq ranked fourth in the Arab world and forty globally in gold reserves, and that our loss at the least amounted to one billion dinars after this decline.
Gold futures fell, today, Thursday, with the price of the US dollar rising globally.
According to the Comex rating of the New York Mercantile Exchange, gold futures were traded in August at $1,724.65 an ounce at 05:40 GMT.
And the dollar index contracts, which measures the performance of the US currency against a basket of six other major currencies, rose by 0.34% to trade at 108.13 dollars.

From: Raghad Daham

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