Article: "Gold prices will gain another 8% in 2025 to hit $3,100/oz – Goldman Sachs Research"
As this article states that demand from Central Banks pushes the gold price up,
Note that the "Country of Iraq" has purchased 20 tons of gold this year herself..
Why, Central Banks have a very good pulse on things
. It is their job to know how to diversify when need be.
We haven't seen it on the Forex just yet but when you see warning [articles] about the Forex and you see...education that they're putting out...alarm bells should be going up! These guys are really doing something!
OPEC Decides To Increase Iraq's Share Of Oil Production Until The End Of This Year
Tuesday 04 March 2025 | Economic Number of readings: 200 Baghdad / NINA / The OPEC+ alliance countries agreed today, Tuesday, to increase Iraq's share of oil production to reach four million and 110 thousand barrels per day by the end of this year.
The group of eight member countries of the OPEC+ alliance, namely Iraq, Saudi Arabia, Russia, the United Arab Emirates, Kuwait, Kazakhstan, Algeria and Oman, called for a review of global market conditions and future expectations.
The alliance countries agreed to renew their commitment to the return of the voluntary
reduced quantities of crude oil production, which were previously announced in April and November 2023, by the beginning of next month.
According to the agreement, Iraq's share for next April will increase by 12 thousand barrels, so that production will be 4.012 million barrels per day, and in May it will increase by 12 thousand barrels as well, so that production will be 4.024 million barrels per day, and in December it will reach 4.110 million barrels per day.
Iraq's share will rise in September and until December 2026 to more than 4.220 million barrels per day.
It is noteworthy that the OPEC+ alliance is implementing an official cut of two million barrels per day, which are scheduled to be extended until the end of next year 2026.
In April 2023, the OPEC+ alliance announced a voluntary cut of 1.65 million barrels per day, which is scheduled to continue until the end of next year, while the alliance announced another cut of 2.2 million barrels per day in November 2023, which will continue until the end of this March. / End https://ninanews.com/Website/News/Details?key=1189940
Keep in mind that notes that we hold such as 25,000 notes will always be their printed value.
The exchange rate to US dollars should gradually increase based on Iraq's economic growth (economic renaissance) and success over time and the development of their banking system.
Investment opportunities are expanding.. FAO is preparing to transform into the largest industrial city in the Middle East
The Ministry of Industry and Minerals revealed plans on Monday to establish giant industrial projects in the city of Al-Faw, which will make it one of the largest industrial cities in the Middle East, as part of the Strategic Development Road project.
The Deputy Chairman of the Industrial Cities Authority at the Ministry, Riyadh Jassim Kazim, said in a statement to the official newspaper that "the technical designs for the project will be completed soon, as work is proceeding according to well-studied plans, with the completion of the initial designs and the addition of some modifications to ensure the project is implemented in the best possible way."
He explained that "the development road will transform Iraq into a pivotal commercial center linking the East and the West through advanced industrial cities extending from Al-Faw to the Turkish border," noting that Al-Faw city will include giant industrial projects including petrochemical plants, power stations, water desalination and liquefied gas facilities, in addition to residential and tourism projects, which will contribute to stimulating trade exchange and creating more than one million job opportunities.
Kazem also stressed that the project will contribute to reducing the time it takes to transport goods from China to Europe to less than 22 days, which will enhance Iraq's position as a global logistics center.
He pointed out that the preparation of the project's designs faced some obstacles, such as conflicts on the road's path with agricultural and economic projects, but coordination was made with local governments and those conflicts were removed, which allowed the preparation of the final technical designs for the project.
He concluded by saying that "the development road will be a fundamental pillar in diversifying the Iraqi economy and reducing dependence on oil, so that Iraq becomes a pivotal part of the international trade map, benefiting from its modern infrastructure and its ability to connect continents." link