AL-ALAQ: IRAQ HAS ONE OF THE HIGHEST GOLD RESERVES IN THE ARAB WORLD, AT 162 TONS. WITH COMMENTS OF MNT GOAT, 12 MARCH

AL-ALAQ: IRAQ HAS ONE OF THE HIGHEST GOLD RESERVES IN THE ARAB WORLD, AT 162 TONS.

The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Tuesday, that Iraq has one of the highest gold reserves among Arab countries, amounting to 162 tons.

Al-Alaq told the official agency, which was followed by “Al-Eqtisad News”, that “the Central Bank is closely monitoring the movement of gold and currencies,” noting that “part of diversification to ward off any risks is to have a percentage of gold reserves, especially  in recent years there have been continuous purchases.”

(Just more bragging…..where is the revaluation of the currency? When will they stop artificially suppressing the dinar? )

DINAR EXCHANGE UPDATE, 12 MARCH

 DINAR EXCHANGE UPDATE

Iraq’s Ministry of Oil just signed a major deal with British Petroleum (BP) to develop multiple oil and gas fields in Kirkuk! This marks a key step in revitalizing the energy sector after a period of standstill. Big things are coming for Iraq’s economy! #Iraq #BP #Oil #Energy #EconomicGrowth Iraq’s Ministry of Oil has signed a landmark agreement with British Petroleum (BP) to redevelop four major oil and gas fields in the Kirkuk region. This deal is a significant step towards revitalizing Iraq’s oil sector after years of challenges. Key Details of the Agreement: •Investment: BP will invest approximately $25 billion over the project’s lifetime to redevelop the fields. •Fields Involved: •Kirkuk Field: Specifically, the Baba and Avanah domes. •Adjacent Fields: Bai Hassan, Jambur, and Khabbaz. •Production Potential: The initial phase is expected to yield over three billion barrels of oil equivalent. The broader resource potential across the contract area is estimated to be up to 20 billion barrels of oil equivalent. Strategic Importance: •Economic Impact: This agreement aims to boost Iraq’s oil production capacity, supporting the nation’s economic growth and energy infrastructure development. •Energy Security: Developing these fields will enhance Iraq’s ability to meet domestic energy demands and strengthen its position in global energy markets. This partnership underscores BP’s commitment to investing in Iraq’s energy sector and highlights the country’s potential as a key player in global oil production.

9:08 AM · Mar 11, 2025

FIREFLY: It appears to us there was no auction on Monday! @DINARREVALUATION #iraqidinarinvestor

 

Central Bank: Iraq has one of the highest gold reserves in the Arab world, 12 MARCH

 Central Bank: Iraq has one of the highest gold reserves in the Arab world

Baghdad – Mil

Central Bank Governor Ali Al-Alak confirmed on Tuesday that Iraq has one of the highest gold reserves in Arab countries at 162 tons.

Al-Alak said that “the central bank is actively following the movement of gold and currencies,” noting that “part of diversification to avert any risks is to have a percentage of gold reserves, especially in recent years there have been continuous purchases.”

He added that “Iraq today has 162 tons of gold, which is one of the highest reserves at the Arab level, and we are the fourth country in the size of the reserves we have of gold.”

https://miliq.news/economy/43692–.html

TIDBIT FROM FRANK26, 12 MARCH

 Frank26  

 MIGA - stands for Make Iraq Great Again.  Iraq has it all over the place...This is good for Iraq.  It'll be good for Iraq...

 Cockroaches, got to get rid of them...

  It was last month that Sudani said right around the middle of February that at the end of February we will bring the budget tables...

Then towards the end of last month he says I'm going to do it at the beginning of March...On the 3rd of March he comes out and he says I'm going to do this at the middle of March.. .

Here we are headed towards the middle of March in about another week and he just made an announcement...

he says I'm going to expose the budget tables at the end of March...

We went from the end of February to the beginning of March, to the middle of March...What is April 1st?  End of quarter.  What did Dr. Shabibi want when he wanted to release the new exchange rate?  The beginning or end of a year or the beginning of a quarter...

HENING: Trump ...may issue 'unusual' sanctions on Iraq, but in 'doses similar to chemotherapy! #iqd

 

ZOOM IRAQ NEWA: Negotiations to form the new Kurdistan Regional Government (KRG) cabinet between the Kurdistan Democratic Party (KDP) and the Patriotic Union of Kurdistan (PUK) are progressing well!!, 12 MARCH

 ZOOM IRAQ NEWS

Negotiations to form the new Kurdistan Regional Government (KRG) cabinet between the Kurdistan Democratic Party (KDP) and the Patriotic Union of Kurdistan (PUK) are progressing well, 

announced PUK spokesperson Saadai Ahmad Pira. He added that the final steps for forming the cabinet will be concluded in the upcoming meetings.

12:41 PM · Mar 11, 2025