Frank26
Sometime in the 90s China decided they were going to raise the value of their currency by just a little bit.
The speculation ran wild so the government of China decided to put out a full page ad in their newspaper that made it very clear, no our government is not in the process of adding value to our currency...
3 Days later the Chinese yuan went up in value by a little small increment.
Whoa. Why would you deny it?
The minutes of the technical committee of the Iraqi Railways Company, which was entrusted with negotiating with the Spanish firm Imathia for the building of the Basra-Shalamcheh railway line, have been authorized by the Iraqi Cabinet.
The Prime Minister’s Office said in a statement that “the contract will be finalized, considering the Legal Department’s remarks, and the negotiation period was extended by 60 days.”
Last December, Prime Minister al-Sudani met with a group of Spanish companies, including Consultrans, a part of Imathia located in Madrid that specializes in “engineering, architectural, strategic consultancy and information and technology projects for the transport sector.”
MarkZ
[via PDK]
“Iraq is the third largest Arab Nation with gold holdings” Iraq’s possession of gold has reached 152 tons.
Let’s think about the values of other currencies in the region…like Jordan and Kuwait…Iraq is trouncing most of them in resources, physical gold etc…
Iraq is making their case to support their higher value. And Iraq is diversifying with non oil revenues to support their currency.
This is for safety and stability.
Dr. Shabibi always said that if Iraq was safe and stable...he would give them a more valuable dinar...
Iraq is one of the most safe and stable countries in the region and they are working hard at it.
Iraq’s gold reserves increased by 4 tons over the past two months, reaching 152.6 tons, according to a report issued by the World Gold Council. This rise puts Iraq in the world’s 29th place among 100 countries in gold reserves, according to last month’s data.
At the Arab level, Iraq ranked third after Saudi Arabia and Lebanon, with data recording an increase in Iraqi gold reserves from 148.3 tons to 152.6 tons.
Last August, Mazhar Mohammed Saleh, economic adviser to the Iraqi prime minister, confirmed that gold represents about 10% of Iraq’s foreign exchange reserves. He pointed out that the reserve had reached 148 tons at the time.
It is worth mentioning that Iraq recorded last February a gold reserve of 145 tons and 661 kilograms, indicating that the continuous increase reflects financial stability and a stability in cash liquidity.
Globally, the United States is at the forefront of gold reserves with 8,133 tons and 300 kilograms, followed by Germany with a reserve of 3,351 tons and 500 kilograms, then Italy in third place with a reserve of 2814 tons.
https://alforatnews.iq/news/العراق-يرفع-احتياطي-الذهب-إلى-152-6-طن-وفقاً-لمجلس-الذهب-العالمي
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 ...
