Sunday, January 12, 2025
Planning: Iraq imports between 50-75 kg of gold per day, 12 JAN
Planning: Iraq imports between 50-75 kg of gold per day
Economy News _ Baghdad
The Ministry of Planning announced on Saturday the date of opening the gold inspection center at Kirkuk airport, while pointing out that Iraq imports between 50-75 kilograms of gold daily.
“The work of the gold inspection centers continues at the recently opened Iraqi airports affiliated with the Central Organization for Standardization and Quality Control in the Ministry of Planning, as these centers operate around the clock at Baghdad, Najaf, Basra and soon in Kirkuk airports,” the spokesman for the Ministry of Planning, said in an interview with the Iraqi News Agency, followed by “Economy News. ”
He added that “there is an increase in the process of importing gold entering Iraq, where it is recorded daily as a general rate of gold by about 50 to 75 kilograms through official outlets,” noting that “there are procedures carried out by inspection units at airports, and that these procedures are as easy as they are, but they are accurate and do not take long due to the presence of very advanced devices.”
Al-Hindawi explained that “Iraq is one of three countries that have such high-resolution devices, whether in terms of weights, marking or inspection,” pointing out that “these procedures greatly facilitated the work of the drafter and reduced the cost that the importer bore in the process of transporting gold from the airport or from any other outlet to the headquarters of the Central Organization for standardization for inspection and labeling.”
He continued: “These procedures have become easy once the shipment arrives at the airport, it is transported through customs to the center or inspection unit located at the airport, and within a short time, perhaps not exceed two to three hours, all these procedures end and the importer receives gold and leaves the airport checked and marked,” explaining that “this would contribute to the protection of the economy and to the protection of the consumer as well.”
LETTER OF REINALDO JC TO MR. TRUMP. 12 JAN
REINALDO JC
Dear CIC Trump, Now that you’re officially certified Mr President & that you’ll continue being our CIC & back ‘officially’ for the Normies as POTUS…in addition, to you being the REAL one in charge of the US Treasury, can you NOW please inform Iraq PM Al-Sudani CBI to release the new Dinar exchange rate on Sunday the date you’ll be in DC Make America Great Again rally or shortly thereafter Sir. This alone will boost our US economy & beyond as we are ready to pour this $$$ back into humanity & start this early celebration!!! Thank you in advance,~All Iraqis/Investors
Iraq among the five major Arab countries in gold reserves, 12 JAN
Iraq among the five major Arab countries in gold reserves
Economy News _ Baghdad
The World Gold Council announced on Saturday that central banks in five Arab countries have gold reserves exceeding one thousand tons out of 100 countries included in the table of the largest gold reserves in the world.
According to the latest schedule published by the Council in 2025, and seen by “Economy News”, “central banks in the top five Arab countries have gold reserves of up to 1,082 tons.”
The council explained that “Saudi Arabia leads the Arab countries with the largest reserves of gold, where it has 323.1 tons, followed by Lebanon with 286.8 tons, then Algeria in third place with 173.6 tons, and Iraq in fourth place with 152.7 tons, while Libya came fifth with 146.7 tons. ”
The Council Pointed Out That “The United States Of America Leads The World With The Largest Gold Possession, With 8,133.5 Tons, Followed By Germany With 3,351.5 Tons, Then Italy With 2,451 Tons, While Haiti Attook The List With 1.8 Tons.”
The Council also explained that “the total gold reserves in the world are 36,165 tons, of which 10,770 tons represent the reserves of the euro area.”
The World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors affecting the gold market, and its members consist of the world’s largest and most advanced gold mining companies.
EXCERPTS FROM MARKZ, 12 JAN
EXCERPTS FROM MARKZ
Member: so you hold it in an account like that to just wait for an increase in it's value? Sounds good
MZ: In today’s banking world where we do not have parity (same rate values) currencies fluctuate against each other. If you hold currency in a multi currency account –held in the bank account as Iraqi dinars…..not US dollars. Then if the currency rate goes up…..my bank account goes up as well.
Member: If I could bring in 25,000 IQD and hold the rest for later I would jump!
Member: Still hearing no RV until after the inauguration.
MZ: It’s possible. Mr. C is of that belief. But my banking sources still believe there is a good possibility we will have a rate change this evening…… ..late this evening
MZ: if the news is so good after this evening…..I will be here tomorrow to let you all know.
MZ: It always was stated that the best time to do this was between 11PM est and 2AM est on a Saturday night into a Sunday Morning …so maybe?
MZ: But a number of bond contacts told me very clearly it will happen after the 21st or 22nd.
Member: MilitiaMan is excited
MZ: Yes- we spoke yesterday ….He is excited and I am also very excited…there is a lot of good news coming out of Iraq this weekend.
Iraq is strong and not affected by the changes in the region: Sheikh Al-Khazaali, 13 JAN
Iraq is strong and not affected by the changes in the region: Sheikh Al-Khazaali Baghdad-INA Secretary-General of the Asa'ib Ahl al-Ha...
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