yota691 Posted June 27, 2022 Report Share Posted June 27, 2022 The Governor of the Central Bank of Iraq meets the Higher Committee for Lending June 27, 2022 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. 1 2 Quote Link to comment Share on other sites More sharing options...
yota691 Posted June 27, 2022 Author Report Share Posted June 27, 2022 Books, records and data of branches of exchange companies of all categories (A, B) June 27, 2022 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. 2 2 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted June 27, 2022 Report Share Posted June 27, 2022 The Governor of the Central Bank of Iraq meets the Higher Committee for Lending Monday 27 June 2022 14:25 | The Governor of the Central Bank of Iraq meets the Higher Committee for Lending (ninanews-com.translate.goog) 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 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted June 27, 2022 Author Report Share Posted June 27, 2022 The Governor of the Central Bank of Iraq promises to suppor t banks and overcome the difficulties they face Central Bank of Iraq June 27, 2022 03:10 PM 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." 3 Quote Link to comment Share on other sites More sharing options...
DWS112 Posted June 27, 2022 Report Share Posted June 27, 2022 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 1 3 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted June 27, 2022 Report Share Posted June 27, 2022 Central Bank: Iraqi gold reserves exceed 130 tons https://economy-news.net/content.php?id=28671 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 3 1 2 2 Quote Link to comment Share on other sites More sharing options...
rvmydinar Posted June 27, 2022 Report Share Posted June 27, 2022 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. 1 1 2 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted June 27, 2022 Report Share Posted June 27, 2022 CBI is moving in the right direction. Gold reserves increased by 35% Very good news.! Go CBI Go higher reserves Go stronger currency 3 8 Quote Link to comment Share on other sites More sharing options...
Dinarrock Posted June 27, 2022 Report Share Posted June 27, 2022 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 3 1 Quote Link to comment Share on other sites More sharing options...
6ly410 Posted June 27, 2022 Report Share Posted June 27, 2022 1 Quote Link to comment Share on other sites More sharing options...
WheresmyRV? Posted June 27, 2022 Report Share Posted June 27, 2022 More reserves for ol potatoe head to steal now that he's taking over. 2 1 Quote Link to comment Share on other sites More sharing options...
Laid Back Posted June 28, 2022 Report Share Posted June 28, 2022 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 3 4 Quote Link to comment Share on other sites More sharing options...
ametad Posted June 28, 2022 Report Share Posted June 28, 2022 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. 4 Quote Link to comment Share on other sites More sharing options...
yota691 Posted June 28, 2022 Author Report Share Posted June 28, 2022 The Central Bank of Iraq's gold reserves rise June 27, 2022 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 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted June 28, 2022 Author Report Share Posted June 28, 2022 important for the next stage An economist talks about the "secret" of Iraq's purchase of additional quantities of gold 2022.06.27 - 18:48 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. ". 1 1 Quote Link to comment Share on other sites More sharing options...
coorslite21 Posted June 28, 2022 Report Share Posted June 28, 2022 CENTRAL BANK SAYS IRAQ RANKS 30TH IN GOLD RESERVES PM:09:39:27/06/2022 1044 View Share Tweet + - 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) 1 1 1 Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 15, 2022 Author Report Share Posted July 15, 2022 Iraq loses one billion dinars in gold reserves Time: 07/14/2022 17:40:20 Reading: 2,353 times {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 Quote Link to comment Share on other sites More sharing options...
yota691 Posted July 15, 2022 Author Report Share Posted July 15, 2022 Economist: The rise of the dollar compensates for Iraq's losses from the decline in gold prices Time: 07/14/2022 18:14:38 Reading: 1,196 times {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 1 Quote Link to comment Share on other sites More sharing options...
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