Shafaq News/ The Central Bank of Iraq (CBI) has revealed that the contribution of gold, both domestically and internationally, accounted for 8.5% of the country's total foreign currency reserves in 2023.
In a recent report reviewed by Shafaq News, the bank stated that its total foreign currency reserves, “including gold, US dollars, and foreign currency cash, reached 145.257 trillion dinars (About $95 billion) in 2023. This marks an increase of 3.5% compared to 2022 when reserves totaled 140.086 trillion dinars.”
The report further noted that the gold component of these reserves amounted to 12.293 trillion dinars, representing 8.5% of the total. This reflects a growth of 10.37% from the previous year, where it was recorded at 11.018 trillion dinars.
According to the report, the contribution of foreign bank balances, particularly in New York, made up 91.3% of the foreign currency reserves, equating to 132.641 trillion dinars. Additionally, the contribution of foreign currency held in the Central Bank's vaults was a mere 0.2%, totaling 323 billion dinars.
My CBI contact also told me that between the U.S. election, in early November, and the end of the year her committee will be working on the steps necessary to get them to this target in the Project to Delete the Zeros completed.
So today we read that they are now in the beginning stages of setting up these “cash centers” specific to collecting the stashed and hoards of dinars outside the banking system.
Have we now read so much about this need do this over the last years, which if you read the plan, is an integral part of the plan.
Shafaq News / US President Joe Biden confirmed that he has directed to strengthen the military position of the United States in the Middle East based on his responsibilities as commander-in-chief of the armed forces, and in accordance with the powers granted to him.
In a letter to Congress, he stressed that U.S. forces would remain stationed in the region to protect American interests in the face of attacks by Iran and its proxies.
Biden added that he had issued orders to deploy the THAAD missile defense system in Tel Aviv, as well as U.S. soldiers to operate it, as long as this defensive move was justified.
😊 Does the CBI have a time table to their plan of reforms and are they following it?
If you kindly go read the article titled “MINISTER OF FINANCE STRESSES THE NEED TO ADHERE TO TIMETABLES TO ACHIEVE ECONOMIC REFORMS”
Finance Minister Taif Sami Mohammed stressed, on Thursday, the need to adhere to timetables to achieve economic reforms. Oh… Gee Whiz!
Didn’t my CBI contact tell us that there is a timetable and that they are now targeting early 2025 for the reinstatement.
Everything they are doing from now to the end of year is geared towards this target is on a timetable.
Is this why they are also now setting up these cash centers with only less than a month prior to the US elections? Do you see it yet? Come ‘on you have to see it now!
Why in hell is the US Treasury taking up an entire floor in the CBI building, if not to push this process forward to stay on track of their timetable.
Get it now? As long-term investors we all know how Iraq works and they are very slow and need someone to drive them.
They will need this RV and Reinstatment to occur as part of a much bigger plan, to which I am not now allowed to talk much about, but I will if you are still with me as we progress closer to early 2025.
So, the overall plan, is set to kick into high gear in early 2025 and they don’t want anything to stop it.
I have to also ask, why is there so much caution in not getting caught up in the Israeli vs Hamas conflict which as we all should realize by now it really an Israeli vs Iran conflict or should I say Jewish vs Muslim war. So this too is yet more evidence. What have they been telling us all along – “they will need a STABLE and SECURE Iraq” to execute this plan of the Project to Delete the Zeros.
Come ‘on you have to see it by now. Okay so I will bring you yet more evidence.
My CBI contact also told me that between the U.S. election, in early November, and the end of the year her committee will be working on the steps necessary to get them to this target in the Project to Delete the Zeros completed.
So today we read that they are now in the beginning stages of setting up these “cash centers” specific to collecting the stashed and hoards of dinars outside the banking system.
Have we now read so much about this need do this over the last years, which if you read the plan, is an integral part of the plan. Go figure! WOW! WOW! WOW!
The Ministry of Finance and Economy of the Kurdistan Government of Iraq announced on Wednesday the transfer of more than 77 billion dinars to the Federal Treasury from non-oil revenues of the region.
The ministry referred in a statement received by “Mawazen News”, to “the transfer of an amount of 77 billion and 841 million and 761 thousand dinars to the bank account of the Federal Ministry of Finance at the Central Bank of Iraq / Erbil branch.”
“This amount represents the share of the Federal General Treasury of the non-oil revenues of the Kurdistan Region of Iraq for last June.”
