Iraq' & The Importance Of Gold & Ballance Of Payments.

[Luigi1]

Here's some articles of Dinarian interests...

Direct From The SANDBOX Report.

-The importance Of Gold Trade To support The Current Account Of balance Of Payments.

-Gold Localization.

Treat as rumors.  Not verified.  Your opine. 

 

 

FROM IRAQI SOURCES:  A Government Advisor Stresses The Importance Of Gold Trade To support The Current Account Of The Balance Of Payments.

ARTICLE:  A government advisor stressed the importance of gold trade to support the current account of the balance of payments.
 
"The adoption of advanced industrial protection policies will positively reflect on the quality of the national gold product & the stability of its prices."

 

He pointed out that "this step will enhance the protection of one of the most important pillars of the national & family economy, with a direct & positive impact on the current account of the balance of payments."

 

Saleh explained that "the organization of the import of non-manufactured gold & its re-export will contribute to achieving an added value to the national economy," stressing "the importance of careful supervision from the competent authorities to ensure the inventory of the gold movement within the framework of an economically organized trade, with high return & rational governance."
 
The Industrial Coordination Council had approved at its meeting the day before yesterday, Sunday, the resettlement of the precious metal industry gold & jewelry, in addition to cosmetic products, while directing to provide all the necessary facilities for those wishing to establish their factories & submit documents to the central bank that provide the value of the external quantity & return the quantity yet complete its manufacturing for the country, with observation from the central bank.    

 

-Gold Localization.

Yasser Al –Mitwalli:  The government decision to localize the gold & precious metals industry is of great importance, as an important economic decisions, to consider gold, the pillar of the guarantee of the economy of any country of the collapses that may occur in periodic financial crises & for causes of them naturally during periods of the economic cycle & other political, as well as wars & others.
 
This decision comes consistent with what I dealt with in two previous articles published here in the "Al-Sabah" economy, as the 1st was titled (The forgotten wealth), in December 2024 & the 2nd article was titled (Hedging with Gold a Safe Investment), in a month March of the same year (2024).

 

I was alerted to them the importance of taking advantage of global experiences in investing gold as an effective way to diversify sources of income & wealth & as a safe alternative to the monetary reserve represented by the Dollar, in order to avoid sanctions imposed by the American federalism on the countries, because it is the owner of the Dollar currency & there are many evidence & close to many of countries.
 
This wealth has become forgotten & its page is folded after the world turned into a lack of evaluation of its currencies the size of its gold & perhaps what brought back to mind the truth of the importance of this forgotten wealth (gold), the economic sanctions that some countries have been imposed by imposed by the great countries for various reasons, with the sanctions body Economic & many examples available soon & not far from our current reality.
 
The nearest example that can be remembered is the embarrassing economic sanctions of Venezuela, which prevented the availability of what blocks the livelihood of its people, forcing its government to refer to the wealth of gold & act by selling it in order to confront the economic blockade that was imposed on it.
 
The expectations of economists also indicate that Russia may have to sell its gold reserves, as the last option in the face of US sanctions, if long.
 
This image became clear with the prolongation of the Russian-Ukrainian war, with the escalation of the ceiling of US-European sanctions on Russia & Russia is also putting this possibility as the last option after the elements of confronting the siege & sanctions are exhausted.

 

Accordingly, it seems that the Iraqi government is trying to benefit from these bitter experiences & therefore it decided to give the gold a priority to pay attention by localizing its industry & supporting workers in this sector as an optimal option.
 
The government's awareness of the importance of gold reserves as a guaranteed reserves in the face of emergency & critical conditions makes it offered this sector a great importance in the future. It is useful to note that Iraq occupies an advanced rank in the cash gold reserves, as it is the 4th Arab & thirty globally & by 152 tons of cash gold.
 
Perhaps the endeavor of the CBI to increase the volume of Iraq's gold reserves reflects its importance in the balance & durability of the country's economy.
 
The new government initiative in localizing the gold industry will contribute to encouraging citizens to invest in gold, & restore the idea of its acquisition of decoration & saving when needed, as this decision will achieve economic feasibility by maintaining gold from exporting it abroad, providing difficult currencies as a result of imports & providing job opportunities For unemployed youth in this profitable profession.

 

The next important step is that it is necessary to adapt and amend the laws & procedures necessary to facilitate the birth of this important industry in attracting capital, whether internal or external, which has priority to attract investors to invest in a safe & profit field. 

[Luigi1]

Here's MZs two cents worth...the best is yet to come...

 

 

MarkZ  Update- Some highlights by PDK-Not verbatim.

THREAD:   The Best Is Yet To Come.

Member: Good morning & happy Thursday.

Member: Would it be safe to put my two week notice in today? 

Member: I have mine typed up & ready to go…..hope I can hit “send” this week. 

MZ: the increased chatter on the bond side is awesome…more & more bond holders have checked in saying they have their dates & know what to expect over the coming weeks...we just need some bond holders with cash now. I have rumors that a bond holder has cash…but have not been able to confirm it.

Member: Heard anything from your contact that went to Reno?

MZ: Group side remains quiet along with the prosperity package side and the CMKX side.

MZ: Iraq is publishing more “good articles”  “Al Rafidan announces of an electronic system for tracking consumer transactions electronically”  they are modernizing things. These are a necessary step for the white paper reforms.

MZ: “Expert: Talk about lack of cash is inaccurate & what is promoted is exaggerated” this has been a common theme in Iraq as they say they are fighting a “misinformation” attack.

MZ: “Optimism about the opening of Rafidan & Rasheed Bank branches in the region-to stimulate the economy & attract investors”  they are talking about adding another 26-28 branches…They are closer & closer to their reforms.

MZ: “The weight of gold “Iraq & gold” exceeds 600 thousand in today’s market”  Iraq has the most gold/gold smithing in recorded human history. It’s cranking back up. Gold smithing used to be an enormous part of the Iraqi economy. The world is fixated on gold right now.

MZ: MilitiaMan & I had a conversation yesterday & he is also hearing all this amazing news. Be sure to listen to his new video update.

Member: I heard Iraq made an announcement they will be working during Ramadan but will have a reduced workday by one hour.

Member: I wonder if all the other countries are ready to RV when Iraq does?

Member: I heard Trump says we taxpayers may get back 20% Dividends from Doge…Maybe the start of Nesara?

Member: Does anyone think the DOGE dividends will be to gray the influx of spending when the RV kicks off?

Member: DOGE is discovering enough funds to make the RV believable to the General Public... Disclosure.

Member: Will the Fort Knox audit lead to a gold back announced currency then CMKM is funded to the holders??? Could this be the spring board to a gold back announcement???

MZ: It’s possible. We may not be waiting for this audit….but I would rather it take a little longer to be done right.

Member: The big thing will be the announcement the certificates are going to revalued to the actual value of gold.

Member: MarkZ....I saw this morning that FOREX is adding a lot of different new currency for today's release...Amazing times.

Member: Goldilocks shared forex is setting up for migration of currency this weekend

Member: I would think they can’t send us dividends until the UST, The Fed reserve & Ft. Knox has finished auditing….

Member: IMO The reason to do a Fort Knox tour is to put everything on the blockchain. All the slippery dealings will stop because everybody will be able to see what's going on when it's on the blockchain.

Member: MarkZ... The list of flights into Reno is incredible today... VERY Heavy private flights already in the air & inbound to Reno. 25 in the air now.

Member: Thanks Mark & Mods for everything you have done.

Member: Enjoy your day fellow RV’ers….the best is yet to come.

[Ricksterman]

i heard they have gold to cover there dollars now, how does that effect it when it goes up, do they need more gold?

[screwball]

24 minutes ago, Luigi1 said:

Member: Goldilocks shared forex is setting up for migration of currency this weekend

this is interesting, any confirmation of this???

[screwball]

10 hours ago, Luigi1 said:

Gold Trade To support system" rel="">support The Current Account Of The Balance Of Payments.

 

10 hours ago, Luigi1 said:

localizing the gold industry will contribute to encouraging citizens to invest in gold,

to localize your gold does this mean to back it against something like currency? and in order for you to use to support balance of payments who do you do this without it being linked to your currency?

[screwball]

wouldnt strengthening your currency with gold and silver then strengthen the balance of payments?