Iraq's Golden Treasure.. Will It Protect The Country From Economic Fluctuations?, 14 FEB

 Iraq's Golden Treasure.. Will It Protect The Country From Economic Fluctuations?

Time: 2025/02/13 Read: 1,380 times   {Economic: Al Furat News} Member of the Finance Committee, Jamal Kocher, confirmed that Iraq’s gold reserves represent a safety valve for the Iraqi economy.

"Iraq's gold reserves make Iraq and the entire state safe and protect the country from any sudden economic crises," Kocher told {Euphrates News}.
Kocher pointed out that "the issue of rising and falling gold prices globally does not affect the reserve."
Gold is considered a safe haven in times of economic crises, as it maintains its value or increases with the deterioration of other currencies.
Iraq has a large gold reserve, which enhances its economic strength and protects it from external shocks.
The economic advisor to the Prime Minister, Mazhar Mohammed Salih, revealed Iraq's gold reserves, estimated at about 152 tons.
Although gold prices may fluctuate globally, this does not affect the value of Iraq's gold reserve in the long term.  LINK

TIDBITFROM MARKZ, 14 FEB

  MarkZ  

[via PDK]   

Comment: I am hearing things are flowing!! Not our 4B yet...but the people who need to go before us!! 

 MarkZ:   We are hearing those same rumors. I was saying last night that we are such a tight knit community…if someone is paid …we would all know it. I have not been able to confirm from anybody that they are receiving dollars…yet. ...When it is time…I will scream like a stuck pig.

MZ: They told us in 2023 that when the Arab summit returned –the dinar would have a new value! #iqd

 

Investments 2025: Economic Renaissance Under The Umbrella Of The General Budget, 14 FEB

 Investments 2025: Economic Renaissance Under The Umbrella Of The General Budget

Time: 2025/02/13 12:56:05 Read: 1,725 ​​times  {Economic: Al Furat News} Mazhar Muhammad Salih, financial and economic advisor to Prime Minister Muhammad Shia al-Sudani, confirmed today, Thursday, that investment projects for the year 2025 are an integral part of the investment section in the Federal General Budget Law.

He added in his statement to {Euphrates News} that "the three-year general budget was enacted to give the development policy sufficient flexibility in implementing investment projects without interruption, according to a flexible and rational vision that takes into account the indicators of the National Development Plan 2024-2028, and according to the available financing capabilities drawn up in the plan and the general budget together."  LINK

FIREFLY: We can cover 100% on almost any rate that we want to come out with!!, 14 feb

 Frank  

[Iraq boots-on-the-ground report]  

FIREFLY: Mr Sammy says our cash reserves are over 100%.   What that means is every dinar that is in circulation has a cash reserve for it and most other countries only have about 20% of their reserves for money in circulation.  

That tells you the financial stability we have is incredible.  We can cover 100% on almost any rate that we want to come out with.

FIREFLY: We can cover 100% on almost any rate that we want to come out with.!! @DINARREVALUATION

 

Iraq, Czech strengthen ties with key agreements, 14 FEB

  Iraq, Czech strengthen ties with key agreements

On Thursday, Iraqi Prime Minister Mohammed Shia al-Sudani met with Czech Prime Minister Petr Fiala in Prague.

Al-Sudani’s media office stated that both sides signed an agreement and five memorandums of understanding across various sectors.

“The ceremony included the signing of an air transport agreement between the Iraqi and Czech civil aviation authorities, as well as a memorandum of understanding between the Iraqi Ministry of Oil and the Czech Ministry of Industry and Trade.”

The media office added that “a draft memorandum of understanding was signed between the Ministries of Interior of Iraq and the Czech Republic, along with a cooperation memorandum between the Iraqi and Czech Federations of Industries, another between the Iraqi and Czech Chambers of Commerce, and a letter of intent with the Iraqi Ministry of Environment.” link