Tuesday, May 14, 2024
Iraq raises its gold reserves to exceed 145 tons, 15 MAY
Iraq raises its gold reserves to exceed 145 tons
Mawazine News Baghdad
Iraq’s gold reserves rose significantly during February 2024, as IMF data showed that Iraq had increased its possession of the precious metal by 3.079 tons, bringing the total to 145.661 tons.
This increase indicates that Iraq’s strategy continues to diversify its foreign reserves and promote long-term financial and monetary stability.
Gold is a traditional safe haven for investors, especially in periods of economic and geopolitical uncertainty.
The move comes by Iraq at a time when the world is witnessing a rise in gold prices, as the price reached its highest level in its history last month above $2,400 an ounce.
Iraq is among the countries that have large amounts of gold reserves in the Arab region, where it ranks fourth after Saudi Arabia, Algeria and Morocco.
In general, this increase in Iraq’s gold reserves is a positive indicator of the health and strength of the Iraqi economy.
"RV UPDATE" BY MILITIAMAN, 15 MAY
Militia Man
There is an existence of the Chapter VII charter of the United Nations that has not yet been resolved. It's... still restricting the sovereignty at the international level. The pressure is on and it looks like the UN is waving that flag to Iraq reminding them that there is that component still.
Iraq is going to be watching and waiting for their purchasing power...They have revenue streams from all different angles...You got natural resources galore - oil, liquid natural gas, tourism... agriculture...Are they going to be able to support a value of there currency? Of course they are. They were $3.22 back when oil was at $35. What if you added on to that all those things I just mentioned?
Article: "Floating the dinar returns to the forefront will the Central Bank of Iraq resort to it and what the risks?" The bottom line is Iraq is going to make an exchange rate change. They've told you about it...A managed float is a mix of a fixed and a float... Are they going to change it to a free float? Probably not because there's a lot of risks at that stage...Ultimately what is their goal? Raising the value of the dinar against the dollar. That's what they're going to be trying to do..
We all know the project to delete the zeros has been on the table now for many years but it was taken off the table, back on the table...The delete the zeros is all about what? Creating value.
1310 to buy widgets is in the hundreds of trillions and their budget is in the hundreds of trillions. They don't even have that much money printed. They don't even have it on their M1 etc at this point in time. They never have. There's got to be an adjustment...
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Article: "Iraqi Council of Ministers approves the 2024 budget schedules"
The next step would be to take those schedules and deliver them to the House of Representatives. If we see that, that's going to be powerful because everybody's gonna be biting their nails because it could very well suggest something could happen prior to that happening. It's a nail biter...
Article: "Specialist: Floating the dinar is economic suicide"
Nechirvan Barzani and Al-Sudani stress the continuation of the dialogue to reach a sustainable solution to the outstanding issues, 14 MAY
Shafaq News/ The President of the Kurdistan Region, Nechirvan Barzani, and the Prime Minister of the Federal Government, Muhammad Shiaa Al-Sudani, stressed this evening, Tuesday, the necessity of continuing dialogues and understandings to resolve the outstanding issues between Baghdad and Erbil in accordance with the constitution and the law.
A statement from the Presidency of the Region received by Shafaq News Agency stated that Barzani met with Al-Sudani in the capital, Baghdad, and they exchanged views on the general situation in Iraq and the Kurdistan Region and common issues between the two sides. They also discussed the federal government’s work program and plans and strategies for economic development in Iraq.
In another aspect of the meeting, many issues of common interest were discussed between the federal government and the Kurdistan Regional Government, emphasizing the continuity of dialogue between the two sides in all fields to reach a sustainable solution on the basis of the constitution and the law.
The President of the Kurdistan Region, Nechirvan Barzani, arrived today, Tuesday, in the federal capital, Baghdad, and upon his arrival met with the President of the Federal Court, Jassem Al-Amiri, and the President of the Supreme Judicial Council, Faiq Zaidan.
The official spokesman for the Presidency of the Kurdistan Region, Dilshad Shihab, stated earlier today that President Nechirvan Barzani will meet with Federal Prime Minister Muhammad Shiaa Al-Sudani to discuss Erbil-Baghdad relations and issues of common interest.
At the end of last April, the President of the Region made a visit to the federal capital, Baghdad, and held meetings with the Presidents of the Republic, the Ministers, and a group of political party leaders. He also participated in a meeting of the State Administration Coalition.
" RV UPDATE" BY JON DOWLING AND ARIEL VIA BEARDED PATRIOTUSA TELEGRAM ROOM, 14 MAY
Jon Dowling: Tax cuts, aka income tax removal and debt relief, aka debt forgiveness. Sounds like Gesara and Nesara to me! BRICS getting stronger by the day! Iraq is now in the WTO, they just need to make the official announcement.✅
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Ariel post 5-1-24
🚨 Do you know what this means?
The Zimbabwe Bond Notes (You Hold) could not be paid out in any form prior to this announcement.
A Bond is a Promissory Note issued by a government and can legally not be refused.
Look at the writing on the Zim-Notes you hold.
What does it say?
"I promise to pay bearer on demand".
Do you understand the gravity of this statement?
Do you understand how rich in natural resources Zimbabwe is?
The Royal Bank of Zimbabwe $835,000,082,302,000,000 (13 metric tons of in ground gold estimated to yield $14 billion per annum by RBZ going forward) is the richest in the world.
People, did you know I had a private contract back in 2016 exclusively for Zim-Notes only? I have many of you this already last year.
I even uploaded the process in a condensed format to give people an idea of how it was supposed to go. But that was 10+ years ago. Some of my followers remember that. Because a couple of them were also apart of it.
The amount of unmined Gold in Zimbabwe is astonishing. There is more than enough to back all the millions of printed 2008-2009 Bonds alone. Not even mentioning the other minerals.
People Zimbabwe no longer just had gold backed digital coins. The paper is also being supported by the new gold standard. You now hold very valuable bonds in your possession. Do you know how far ahead you are of those who are oblivious to this?
The government said that Holders of physical gold coins, at their discretion, will be able to exchange or convert, through the banking system… into gold-backed digital tokens,” the Reserve Bank of Zimbabwe said in a statement inviting individual and corporate entities to use the digital currency that can be bought either in Zimbabwean dollars or foreign currency.
Zimbabwe is now in a process to get all the 2008 to 2009 Zim Promissory Notes (Bond) of the streets. This should be done very soon. Remember Iraq is doing the same thing. Everything they are doing in their local economies is to ensure maximums value for their new precious metal based economy.
Hold onto to your Zim-Notes people.
TIDBIT FROM FRANK26, 13 NOV
Frank26 The monetary reform policy is being introduced to you Iraqi citizens on a daily basis isn't it. It's is my hope. It ...
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Bank appointment for Currency EXCHANGE Instructions/Checklist Bank Name_________________________________________ Bank 800#____________...
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Walkingstick All these meetings that the CBI had with all these agencies that were helping them with their monetary reform are done. Al...
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JENTEL RV UPDATE RV NEWS- AA Uriel Payments are being received. They started yesterday in other countries. To meet today's requireme...