No Concerns About Iraq’s Financial Situation & Our Foreign Reserves Are Diverse.

[Luigi1]

Here's some articles of Dinarian interests...

No Concerns About Iraq’s Financial Situation & Our Foreign Reserves Are Diverse.

Treat as rumors.  Not verified.  Your opine.

 

 

 

FROM IRAQI SOURCES.        Government Advisor: Government Advisor: No Concerns About Iraq’s Financial Situation & Our Foreign Reserves Are Diverse

ARTICLE:  The financial advisor to the PM, Mazhar Muhammad Salih, reassured about the financial & economic situation of the country.

 

Saleh told Al Furat News Agency: “We should not worry about the current fluctuations in either monetary gold or the various foreign currencies that make up the country’s foreign reserve portfolio, which varies from major foreign currencies & monetary gold, according to the global standard investment guidelines adopted by the monetary authority in high-level technical cooperation with multilateral international financial organizations, specifically the IMF & the WB.”

 

He explained, “Usually, the CBI hedges in managing its sovereign investment portfolio with a studied & highly sensitive diversity & with standard ratios & precise weights for each foreign currency in addition to the monetary gold that makes up the foreign reserves, within the scope of what is called hedging against the risks of fluctuations in ER of currencies & gold, which is a policy that expresses the efficiency of managing the country’s investment portfolio & according to diversification in various foreign currencies & gold.”

 

Saleh explained, “The decline in the market value of gold, for example, must be met with an increase in the value of the Dollar or other foreign currencies through the management of the components of the foreign reserves portfolio itself, as diversification is an important pillar of the hedging policy in managing investments in foreign assets from fluctuations in foreign exchange rates & gold through diversifying the country’s sovereign investment portfolio.”

 

He pointed out that “the sovereign investment portfolio avoids what is called in the literature of accounting policy of central banks (unrealized losses) by immediately realizing (unrealized profits), which are the same unrealized profits that correspond to the unrealized losses resulting from fluctuations in gold or foreign currency prices at the same time.”

 

He pointed out that “the availability of a good diversification policy, in the assets or holdings of the investment portfolio, is sufficient neutrality in maintaining the total market value of the country’s foreign assets reserve & the stability of its value at all times.”

 

Minister Of Planning Chairs A Meeting To Study The Merger Of Two Companies Of The Ministry Of Commerce.

Deputy PM – Minister of Planning, Mohammed Ali Tamim, chaired today, Wednesday, a meeting of the committee formed under the direction of the PM, to study the issue of merging two companies of the Ministry of Trade, in line with the state’s economic vision.

 

According to a statement by the Ministry of Planning, the Chairman of the Advisory Board, Abdul Karim Al-Faisal & the PM’s advisors for economic, strategic & legal affairs, as well as the Director General of the General Company for Foodstuffs Trade at the Ministry of Trade, participated in the meeting.

 

During the meeting, the recommendations of the 1st meeting of the committee were discussed, the opinion of the Ministry of Trade in this regard & the expected results of merging the Central Markets Company & the General Company for Foodstuffs Trade were studied, in accordance with the public interest and in a way that contributes to providing the best services to citizens. 

 

Iraq Calls On The Security Council To Exercise Its Role In Maintaining Int'l Peace & Security.

Number of readings: 119  Baghdad / NINA / Iraq called on the UN Security Council to exercise its role in maintaining international peace & security, while warning against dragging the region into a comprehensive war.

 

he Iraqi representative to the United Nations, Abbas Kazim Obaid, said in a speech at the emergency session of the Security Council: “The failure to deter the Zionist entity opens the door to more crimes & drags the region into broad conflicts.”

 

He added: “The Security Council must issue immediate & binding resolutions to cease fire.”

 

The Iraqi delegate pointed out: “The war has entered a new phase that threatens more killing & displacement,” indicating: “The failure to put an end to the crimes encourages the Zionist entity to persist in them.” 

 

Oil Prices Rise As Attacks In Middle East Escalate.

Baghdad  Oil prices rose in early trade on Wednesday, on concerns that the Middle East conflict could turn into a wider war & disrupt oil supplies from its main producing region after Iran fired ballistic missiles into Israel.

 

Brent crude futures rose more than $74.56 a barrel, while U.S. West Texas Intermediate crude rose 88 cents, or 1.26 percent, to $70.71 a barrel by 0029 GMT, down slightly from a rise of more than $1 earlier in the session.  Both benchmarks jumped more than 5 percent in trading on Tuesday.

 

The Dollar Exceeds 153 Against The Iraqi Dinar.

The Dollar ER continued to rise against the Dinar in local markets in Iraq today, Wednesday (October 2, 2024).
The ER recorded 153,500 Dinars per hundred Dollars.

The ER recorded this morning, Wednesday, in Baghdad were 152,500 Dinars for every 100 US Dollars.

 

 

 

[Luigi1]

Bank bail-ins have already started as BOA just helps themselves to customers savings & checking accounts...

 

 

Here's another article related to the above...BOA is experiencing nationwide outages, leaving customers with zero balances in their accounts & only their debts visible.

 

 

Ariel:      Basel III Banks Are Not Having These Issues.

ARTICLE:  People I will say this again.  Basel III banks are not having these issues.

 

So whenever you find the opportunity you need to consider what this means for your finances going forward. We are going back to the Gold Standard.

 

Checks & Balances will rule the day.

 

Because I wouldn’t doubt at all that the C***l are jumping into your account to use that money to finance campaigns, false flags, black projects, etc.

 

Because their source of revenue is drying up thanks to the EOs signed by Donald Trump.

 

BREAKING: Bank of America is experiencing nationwide outages, leaving customers with zero balances in their accounts & only their debts visible.

— The General (@GeneralMCNews) October 2, 2024.

 

[Luigi1]

Here's another article related to the above...from the throat of the goat...

 

 

Mnt Goat:       Something Is Up.

ARTICLE:  PM Mohammed Shia al-Sudani expressed, on Thursday, Iraq’s readiness to enter into a partnership with American companies in the oil industry sector, revealing at the same time his government’s intention to establish a new Iraqi bank.  This came during his participation in New York…can the news get any better?  Finally the US is engaging Iraq & seriously taking on partnerships, especially in the energy sector.  So we know if the US is invested in Iraq. Something is up….