An Economic Expert Told Al Furat News: Iraq's Hoarding Of Gold Will Spare It The Risks Of Customs Duties
Time: 2025/04/07 20:08:16 Reading: 210 times {Economic: Al Furat News} Economic expert Basem Jamil Antoine believes the US move to impose tariffs represents a financial and economic coup that will have a direct impact on the global economy, given the United States' economic and military capabilities.
In a statement to Al Furat News Agency, Antoine pointed out the direct impact of these policies on gold prices, which are considered an alternative to the dollar and the euro for hoarding.
Regarding Iraq, he stated that the Iraqi dinar faces challenges in this context, as land and real estate cannot be directly acquired due to time and tax procedures.
He pointed out that the growing global demand for gold will lead to a significant rise in its prices in the coming period, especially as countries shift towards precious metals.
Regarding Iraq, Antoine explained that the country has accumulated significant quantities of gold, placing it third or fourth in the Arab world in terms of gold reserves. LINK