Iraq is the second most Arab gold buyer in 2023. 3 FEB

 Iraq is the second most Arab gold buyer in 2023

Shafaq News / The World Gold Council revealed on Saturday that Iraq, Libya and Qatar came in the list of the top 10 most Arab central banks buying gold in 2023, amid the countries continuing to strengthen their reserves of the yellow metal as a safe haven, especially with the current economic and geopolitical crises.

According to that data, global central banks’ net gold purchases last year fell to 1037.4 tonnes, compared to 1081.9 tonnes in 2022, but remains the second highest level in more than 55 years.

The People’s Bank of China topped the list of the most central banks buying gold in 2023, with a volume of 224.88 tons, followed by Poland second with 130.3 tons, followed by Singapore a third with 76.51 tons, followed by Libya fourth by 30.1 tons, followed by Czech Republic fifth with 18.71 tons, followed by India sixth with 16.22 tons.

While Iraq came in the seventh with the most gold-buying bank in 2023, reaching 12.25 tons, followed by Qatar eighth with 7.44 tons, followed by the Philippines ninth with 7.10 tons, followed by Kyrgyzstan tenth with 6.95 tons.

According to the World Gold Council report, global demand for gold, excluding the over-the-counter market, fell to 4,448 tonnes in 2023, from 4,699 tons the year before.

https://www.shafaq.com/ar/اقتصـاد/العراق-في-المرتبة-الثانية-بين-الدول-العربية-ال-كثر-شرا-للذهب-في-العام-2023

"NEW TOKENIZED ASSETS" BY GOLDILOCKS, 3 FEB

 Goldilocks and Seeds of Wisdom

As we move into the months of February and March, look for large swings in the market as we approach the March 11th deadline.

New tokenized assets will be coming on board to replace old traditional banking assets that used to stand on their own.

These new assets will have commodities interfaced with them, giving them new values. Inflation will rear its ugly head during this transition, and it will begin to put price pressures on gold to calm the uncharted seas.

The initial shock will be like sailing into a storm, but mechanisms are in place to absorb it as much as possible.

We have shared enough information together leading up to this event and where it will take us to guide you during this difficult time.

Just know, that all of us will be in this together.

Investing

© Goldilocks

~~~~~~~~~~

Be ready, Gold-Backed Digital Banking and Market Protocols will be locking into position in the months of February and March.

© Goldilocks

~~~~~~~~~~

Commonwealth Bank of Australia (CBA) has closed a staggering 354 branches and 2297 ATMs in the past five years, with plans to shut down more in the coming weeks.

Australia’s biggest bank, which serves 15.9 million customers, has shut down almost one-third of its branches since June 2018, going from 1082 to 728 countrywide.  News AU

~~~~~~~~~~

IMF Executive Board Concludes 2023 Article IV Consultation with the People’s Republic of China |  IMF

~~~~~~~~~~

Russian ‘Digital Asset’ Market Ready for Takeoff, Lawmakers Claim |  Crypto News

~~~~~~~~~~

Kuwait and Saudi Arabia have renewed their call for Iraq to respect the agreement between the Iraq and Kuwait on the regulation of maritime navigation in the Khor Abdullah waterway. | Iraq Business News

~~~~~~~~~~

Ripple Edges Closer to Banks Via Crypto Custody Firm Metaco | Coin Desk

~~~~~~~~~~

XRPL approves AMM amendment, opening new income avenues | Cryptopolitan

~~~~~~~~~~

ECC approves transition from LIBOR to SOFR – Mettis Global Link

Iraqi Dinar🎉Iraq’s Economy Boost IMF Major Hints For Rv-Iraqi Dinar News...

White House: Iraqi government informed before strikes began, 3 FEB

 White House: Iraqi government informed before strikes began

Shafaq News/ A spokesman for the White House National Security Council, John Kirby, confirmed on Saturday that the Iraqi government has already been informed before launching airstrikes.

“The American response has started tonight, and it won’t end tonight,” Kirby said.

“We believe the strikes were successful, and we don’t know how many militants may have been killed or injured,” the U.S. official noted.

The White House confirmed the success of all airstrikes in hitting their targets in Iraq and Syria.

“Facilities that have been targeted are being used by IRGC groups to target U.S. forces in the Middle East,” Kirby said.

“There have been no contacts with Iran since 3 U.S. soldiers were killed in northeastern Jordan,” he noted.

Following the announcement of the strikes, US President Joe Biden said that US military forces, at his direction, “hit targets in Iraq and Syria used by the Iranian Revolutionary Guards and their affiliated militias to attack US forces,” stressing that although the United States does not seek an escalation in the Middle East, it will inevitably respond to those who harm the Americans.

In a statement published by the White House on Friday, he confirmed that the U.S. response “began today and will continue at the times and places we choose.”

He added that “the United States is not seeking conflict in the Middle East or anywhere else in the world, but for everyone who may seek to harm. The following: If you hurt an American, we will respond.” This came according to Reuters 

https://www.shafaq.com/ar/سیاسة/البيت-ال-بيض-تم-بلاغ-الحكومة-العراقية-قبل-بد-الضربات

JUDY NOTES, 3 FEB

 Recent GCR History:

• Thurs. 25 Jan. at 4:47 am the gold-backed US Dollar was introduced from Reno.
• Fri. 26 Jan. all 86 Global Currency Reset platforms were loaded with monies and launched.
• On Sun. 28 Jan.  the new Iraqi Dinar (out since Mon. 1 Jan.) and the new US Note (out since Thurs. 25 Jan.) were both trading on the Forex. The US Treasury confirmed that the new Iraqi Dinar Rate was live. In Columbia a Pentecostal Group Leader was distributing funds to members.
• On Mon. 29 Jan. at 4 pm the RV began according to a High Up Source. A number of Bond Holders went silent due to signing NDAs.
• Bruce: Between Thurs. 1 Feb. and Wed. 7 Feb. the Restitution R&R lump sum payment for those 62 and older to begin. The increase in SS will occur in Feb. and be given out on regular SS days. Wells Fargo sources said Tier4b (us, the Internet Group) could be notified at any time.

https://dinarchronicles.com/2024/02/03/restored-republic-via-a-gcr-update-as-of-february-3-2024/

🔥 Iraqi Dinar 🔥 Successful Revaluation 🔥 News Guru Intel Update IQD Rate...

Sudanese adviser: Iraq is living better in its financial history thanks to high foreign exchange reserves, 3 FEB

 Sudanese adviser: Iraq is living better in its financial history thanks to high foreign exchange reserves

The Prime Minister’s financial adviser, Mazhar Mohammed Saleh, announced on Saturday a significant improvement in the efficiency of Iraq’s foreign exchange reserves, stressing that it indicates that Iraq’s financial situation is the best in its history.

Saleh explained, in an interview with the official agency, followed by NRT Arabia, that Iraq’s oil revenues will remain the main source for the growth of the country’s foreign currency reserves, pointing to the high efficiency indicators in these reserves.

Saleh pointed out that Iraq’s oil revenues constitute up to 98% of the assets of the investment portfolio of foreign currency reserves, indicating that all indicators indicate that Iraq is currently living in its best financial conditions, and that these reserves are booming and increasing with the growth of the current account index of the balance of payments.

He stressed that there are standard investment mechanisms and evidences in line with global standards in the management of Iraq’s foreign exchange reserves, stressing that with the increasing cycle of oil assets, the size of Iraq’s foreign reserves increases and rises in its investment portfolio.

https://www.nrttv.com/ar/detail3/22885