"ANALYSIS OF IRAQ NEWS" BY MNT GOAT, 10 JAN

IRAQ HAS MAINTAINED ITS 30TH RANK IN THE WORLD WITH THE LARGEST RESERVE OF THE YELLOW METAL.

Shafaq News / The World Gold Council announced on Sunday that Iraq has maintained its 30th rank in the world with the largest reserve of the yellow metal.

The latest table of the Council, especially this January, seen by Shafaq News, showed that Iraq maintained its ranking of 30th globally out of 100 countries listed in the table with the largest gold reserves, with its gold hold hold to 132.7 tons, representing 7.7% of the rest of its other reserves.

The table shows that Iraq came in fourth in Arab place after Saudi Arabia, which came first in the Arab with the largest gold reserves, reaching 323.1 tons, followed by Lebanon with 286.8 tons, followed by Algeria with 173.6 tons.

He pointed out that the United States of America is on the throne of the rest of the countries with the largest gold possession in the world at 8.133.5 thousand tons, followed by Germany 3.352.6 thousand tons, and then Italy came 2.451.8 thousand tons, while Bosnia and Herzegovina ranked 99th with 1.5 thousand tons, followed by Suriname with the same amount of 1.5 thousand tons.

The Council stated that on June 27, 2022, Iraq announced the purchase of new quantities of gold by approximately (34) tons, with an increase of 35% over what it had in possession, while it was announced in May that it had purchased 2.3 tons of gold.

(Why all the gold all of sudden? We can clearly see Iraq is backing the dinar with gold. To what percentage currently is still unknown, if not 100% over time. Yet the dinar is still at 1/6 of a penny? )

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

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Parliamentary Economy: Influential parties are behind the manipulation of the dollar exchange rate, 10 JAN

Parliamentary Economy: Influential parties are behind the manipulation of the dollar exchange rate

The Parliamentary Economics Committee accused influential parties of being behind the manipulation of the exchange rate of the dollar against the dinar, indicating that government measures to reduce the price of the dollar have limited impact.

Committee member Soran Omar said in a statement that the government did not control the exchange rate radically, and all measures to reduce it have limited impact, in light of the continued smuggling and money laundering through some banks and money exchangers, noting that the Central Bank’s measures are continuing, but the exchange rate is still high in the market. Black, and the difference sometimes reaches 25 thousand dinars over the official price.

Omar warned that corrupt people are benefiting from the rise in the exchange rate, and some officials are behind the manipulation of the black market, calling for taking radical measures to set the price, as it affects the economy negatively, which is a very dangerous matter that portends undesirable consequences.

He pointed out that the responsible authorities accuse merchants of being behind the increase in exchange rates due to their reluctance to enter the Central Bank’s platform to buy dollars, in addition to complaints from commercial circles about obstacles and restrictions imposed by the Central Bank that complicate the issue of dealing with the platform.

dijlah.tv

"ANALYSIS OF IRAQ NEWS" BY MNT GOAT, 10 JAN

SATURDAY (JANUARY 6, 2024), THE EXCHANGE RATES OF THE DOLLAR AGAINST THE DINAR

Baghdad today – Baghdad

Today, Saturday (January 6, 2024), the exchange rates of the dollar against the dinar recorded a slight increase in banking shops in the capital, Baghdad.

The “Baghdad Today” correspondent said, “Selling prices in money exchange shops in the local markets in the capital, Baghdad, amounted to 154,250 dinars for every 100 dollars. ”

(Looks like to me they still have a way to go. Am I missing something? 154,000 parallel rate vs 132,000 Official CBI rate)

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

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Political movement: Al-Halbousi lost the pressure tools to pass his candidate for the presidency of Parliament, 10 JAN

 Political movement: Al-Halbousi lost the pressure tools to pass his candidate for the presidency of Parliament, 10 JAN

Information/private..
A political movement confirmed, on Tuesday, that Al-Halbousi has lost his pressure tools to pass his candidate for the presidency of the House of Representatives.

The Secretary-General of Bayariq Al-Khair, Muhammad Al-Khalidi, said in an interview with Al-Maalouma, “The list of names proposed for the position of Speaker of the House of Representatives has risen to 7 so far, but there are indications that 3-4 of them may resort to retreat due to their lack of political support to proceed to a session.” The House of Representatives is expected next week.

He added, “Al-Halbousi has lost the pressure tools to pass his candidate for the presidency of the House of Representatives, especially since there are options to adopt a consensus candidate who will be more independent in managing the sessions of the House of Representatives.”

He pointed out that “the framework forces will hold a decisive meeting at the end of this week to decide their direction on the list of names, despite there being a clear difference in opinions about some of them,” pointing out that “the Sunni forces will redouble their dialogues in order to push towards the consensual candidate to shorten the distance and bring the date of the decisive session closer.”

Al-Halbousi’s alliance with the rest of the Sunni forces included Asmaa candidates to assume the position of Speaker of the House of Representatives, but she has not achieved consensus on any of them yet.

almaalomah.me

"RV UPDATE" BY MNT GOAT, 10 JAN