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"Huge" fortunes .. What do you know about "precious" minerals in Iraq - Iraq raised its possession of gold to 162.7 tonsl 
You have to read the list of various mineral that are underground in Iraq. Holy cow their rich in natural resources other than oil.
Witness IraqAn important shift in its economic strategy, as the government tends to diversify the sources of income and strengthen the non-oil sectors, as the precious metal settlement project appeared among the most prominent projects in this way.
And it occupies Iraq The center is 28 world and the fourth is Arab - yet SaudiLebanon and Algeria - in classification CountriesThe highest in gold reserves in the world, according The Council Global For gold.
According to the latest schedule published by the council, "Iraq raised its possession of gold to 162.7 tons, which represents 12.7% of its total other reserves."
The central bank was also dissolved IraqiThe first place is Arab and the seventh globally on the list of banks CentralMost purchased for gold in 2024, according to the Gold Council data Global. Purchases amounted to Iraq Of gold about 20 tons.
paradigm shift
Abdul Hassan Al-Zayadi, a member of the Federation of Businessmen, confirmed IraqiThe plans of the new government in the industrial field, especially its orientation towards settling precious metals, will represent a qualitative shift for Iraq, and will make it achieve leaps at the level. Global In the field of investment.
Al-Ziyadi said that the project of settling precious or rare materials, or the manufacture of rare minerals, is one of the successful projects in Iraq, because the land Iraq Contains sufficient raw materials and surplus to launch such projects.
He pointed out that Iraq It possesses scarce and precious resources, and it is a good and fruitful spot for gold metal, and other projects such as phosphates and other precious metals, especially in Anbar Governorate.
Al-Ziyadi explained that Iraq He began thinking about using these riches, and supporting the settlement project to develop and benefit from it, stressing that the current government is ready to work and develop the work of its institutions, and its orientation towards investment and investment promotion.
He pointed out that Iraq He began thinking about building economic institutions of good benefit, as he began thinking about precious metals that he could use to develop his economy.
Huge fortunes await investment
And count Iraq A country rich in its various mineral resources, where these wealth is spread in its various governorates, and Anbar Governorate is the richest governorate in this field.
* According to the Iraqi General Phosphate Company, which is affiliated with the Ministry of Industry, the surveys revealed the availability of huge and confirmed reserves of phosphates amounting to about two billion tons, confirmed and uninvested, with unconfirmed quantities that may exceed 7 billion tons.
* Iron metal, where its presence is particularly concentrated in the southwestern desert of Anbar, where the underground reserve is estimated at 60 million tons.
* Anbar provinces also enjoy a large uranium reserve in the Akashat region within the formations of phosphate layers in Western Sahara.
* Mineral wealth in Anbar does not stop there, as silica is concentrated in the Western Sahara region, and it appears in the form of layers of white sand, where the reserve is about 75 million tons.
* As for gold metal, it is found in Anbar and Western Nineveh provinces.
* Huge amounts of sulfur are concentrated in Anbar, Salahuddin and Nineveh, and reserves are estimated at more than 600 million tons.
* For sodium sulfur, it is spread in Salah al-Din Governorate, and the general reserve is estimated at 22 million tons.
* Quartzite is spread in the wetland area, and reserves are estimated at 16 million tons.
* Celestite (stronium sulfur) is spread in the governorates of Najaf and Karbala, where it appears in the form of sandy rock lenses, and the country's reserves are estimated at 0.8 million tons of non-investor.
* Glass, and its presence in Anbar Governorate is concentrated in the form of bright surface sand in the plains and highlands, and the quantities available from it are estimated at 400 million cubic meters.
* Lead is found in the governorates of Dohuk and Sulaymaniyah in the Kurdistan region in the form of precipitated carbon rocks, and the reserve volume is estimated at more than 50 million tons.
* Statistics indicate the presence of dolomite in the governorates of Anbar and Muthanna, where the country's reserves are estimated at 330 million tons.
* For gypsum, it is concentrated in Nineveh, Kirkuk and Salah al-Din, and the reserve is estimated at 130 million tons.
* The lime is found in Anbar, Muthanna, Najaf, Nineveh and Kurdistan, and the reserve is estimated at about 8 thousand million tons.
* Silver is found in the regions of Kurdistan Iraq Within volcanic rocks.
* Bauxite is concentrated in Anbar, and the reserve is estimated at about one million tons.
* The sands of Feldspar are concentrated in Najaf Governorate, and the reserves are estimated at 2.3 million tons.
* Quartz is concentrated in Anbar and the city of FAO, which is located in the waters of the Arabian Gulf in Basra, where the reserve is estimated at 855 million cubic meters.
* As for copper, it is found in Sulaymaniyah Governorate, and estimates of its size vary between 10 and 20 million tons.
Reducing currency exit
To talk about the impact of the decision on the market, economist Salah Nuri considered that it is too early to determine the level of prices and quality for the gold and jewelry industry, because the cabinet decision has not yet begun to be implemented.
Nuri explained that the import of gold and precious metals constitutes a high percentage of total imports, and therefore this decision will contribute to reducing the exit of foreign currency (the dollar) from the country, indicating that the Ministry of Commerce was mandated to facilitate the import of raw materials for industrial purposes in coordination with the Central Bank.And decided The CouncilIndustrial coordination On February 16, the current settlement of the precious metals industry, in terms of gold and jewelry, in addition to cosmetic products, with a view to providing all the facilities necessary for those wishing to set up their own factories.
He added that the manufacture of gold and jewelry inside Iraq It is supposed to make its prices locally lower than the price of its import, warning that this industry may face the risks of fluctuations in world gold prices, which in turn may affect the stability of the local market.
Diversification of budget resources
Government advisor Alaa Al-Fahd stressed that revitalizing the precious metal settlement sector will have an effective role in producing Iraq Of total dependence on oil as a major source of budget imports.
And the cheetah said that IraqToday he has the ability to diversify his sources of income by settling the precious metal industry, which will have a positive impact on the economy IraqiBy diversifying revenues and revitalizing this vital industry, noting that Iraq It possesses large reserves of gold that can be used in local manufacturing instead of importing ready-made gold jewelery from abroad.
Al-Fahd explained that Iraqi lands are replete with many undiscovered precious metals, and that these potential discoveries will contribute directly to increasing reserves and diversifying the economy, stressing that this requires conducting economic feasibility studies to determine the impact of these minerals and stimulate the industry.
He stressed that the matter is not limited to owning these minerals, but rather requires setting realistic plans to revitalize these industries and develop the economy, stressing that interest in these industries and their settlement in Iraq, in addition to providing facilities and attracting foreign investments, will have a direct impact on the economy Iraqi.
The cheetah pointed out that this requires a government decision, and that this decision is available today, and it is like a message to attract development investments in this field to revitalize the mining industry in Iraq, especially since there is land and ownership of these natural resources that can be used to strengthen the economy.
He indicated that budget support through the revitalization of this sector is imperative, as any industry will contribute to raising productive capacities and increasing production, which leads to the development and revitalization of the industry, noting that Iraq These manufacturing industries need to take advantage of the mineral infrastructure.
The cheetah explained that all opportunities are available today to invest in this field, and that investment in this sector is no less important than investment in any other sectors that contribute to developing the economy and supporting the budget, especially in light of fluctuations in oil prices, stressing the need to search for alternative sources of income and revitalize sectors Industry, agriculture and tourism.
The cheetah stressed that these sectors can contribute effectively to achieving revenues and diversifying the economy, indicating that IraqIt should follow suit CountriesArab and Gulf, which came out of the mantle of relying on oil, and began to revitalize other industries and develop their natural resources.