Tuesday, October 8, 2024
Evening News with MarkZ. 10/07/2024
Ranked 29th out of 100 countries, Iraq raises its gold holdings to more than 152 tons, 8 OCT
Ranked 29th out of 100 countries, Iraq raises its gold holdings to more than 152 tons
The World Gold Council announced on Tuesday that Iraq has increased its gold holdings to more than 152 tons.
According to the latest table published by the Council in September 2024, which Shafak News Agency reviewed, "Iraq ranked 29th out of 100 countries listed in the table with the largest gold reserves," indicating that "Iraq ranked third in the Arab world after Saudi Arabia and Lebanon."
He added, "Iraq increased its gold holdings to 152.6 tons, after its gold holdings were 148.3 tons, which represents 11% of its remaining reserves."
The Council also pointed out that "the United States of America is the largest country in the world with the largest gold holdings, at 8,133.5 thousand tons, followed by Germany with 3,351.5 thousand tons, then Italy with 2,814 thousand tons, while Bosnia and Herzegovina came in last with 1.5 tons."
The World Gold Council is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world. link
Coffee with MarkZ. 10/08/2024
LAST UPDATE OF MIKE BARA, 8 OCT
MIKE BARA
Jentel /Mike Bara- today: 4b looking to 10/14 - bonds getting paid out today.
UPDATE FROM THE BROKER: New Currency is expected to go tonight. Bonds tomorrow. That’s it
Mike Bara
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MIKE BARA
The latest from a good source:
The Iraqi Supreme Court has told Sudani and former PM Nouri Al-Maliki that they will be arrested if they do not revalue the currency on Tuesday.
On the flip side, a high source puts the chances of an RV tomorrow at 15%.
"But it should be a good day for the bond people." Mike Bara Pets stream tomorrow at 9:30AM Pacific.
If I have more news I will share it then. Sleep well.
https://dinarevaluation.blogspot.com/2024/10/they-must-rv-iraqi-dinar-on-tuesday-by.html
Federal Court affirms Iraq's sovereignty, rejects Parliament's request on foreign troops presence, 8 OCT
Shafaq News/ On Tuesday, the Federal Supreme Court of Iraq (FSC) issued a ruling interpreting the phrase "fully sovereignty" as stated in Article (1) of the 2005 Constitution of the Republic of Iraq.
The ruling outlined that the Constitution guarantees Iraq's unity, as this unity requires full sovereignty over all its territory, airspace, and territorial waters.
“This necessitates that all federal authorities, Regional governments, decentralized governorates, and local administrations adhere to the constitutional provisions to maintain Iraq's unity and refrain from any actions that undermine its sovereignty,” it explained.
In this context, the FSC noted that its ruling numbered (89/Federal/2024) emphasized, " Any authority that violates this will have breached the constitution and jeopardized Iraq's sovereignty under Articles (1, 8, 50, 109, and 116) of the 2005 Constitution.”
Meanwhile, the Federal Court, Iraq's highest judicial authority, rejected Parliament's request for clarification on the constitutional procedure the Council of Representatives must follow if the government fails to terminate foreign troops' missions in Iraq, citing a “lack of jurisdiction.”
Coalition Forces Withdrawal Agreement
Washington and Baghdad have finalized an agreement on the withdrawal plan for US-led Coalition forces from Iraq. Reports indicate that hundreds of troops are scheduled to leave by September 2025, with the remainder expected to depart by the end of the following year.
This agreement followed over six months of negotiations initiated by Iraqi Prime Minister Mohammed Shia Al-Sudani in January 2023, amid increasing attacks by Iranian-backed factions on US forces, which had warned of a potential resurgence of assaults if delays in the withdrawal talks persisted.
An "official" declaration was initially planned weeks ago but was postponed due to regional escalations following events in Gaza and incidents like the attack on Ain Al-Asad Airbase.
Last August, the Iraqi Foreign Ministry confirmed the postponement of the announcement regarding the end of the coalition's mission, with the Foreign Minister noting that the conditions of the negotiations had changed.
The United States and Iraq aim to establish a new advisory relationship that could keep some US forces in Iraq even after the withdrawal.
AL-SUDANI INFORMS THE LEADERS OF THE IRAQI MIITIAS OF THE NEED TO LEAVE IRAQ!! WOW!! BY MAJEED KSA, 8 OCT
Urgent informed source
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