Monday, April 14, 2025
Sunday, April 13, 2025
Gold Hits Record High, Exceeding $3,100 For The First Time In History, 14 APRIL
Gold Hits Record High, Exceeding $3,100 For The First Time In History
Economy | 11:53 - 11/04/2025 Mawazine News – Baghdad Gold made further gains in spot trading, rising 2.72% to $3,166 per ounce, coinciding with the escalation of the trade war between the world's two largest economies, the United States and China.
Gold prices rose about 3% after China imposed additional tariffs on the United States, in addition to the decline of the dollar after US President Donald Trump's tariffs on China took effect. Most traders turned to gold as a safe haven amid escalating global trade tensions and recession fears.
Gold exchange-traded funds (ETFs) recorded their largest positive quarterly inflows in three years during the first quarter of the year, reflecting increased demand for hedging by investors. https://www.mawazin.net/Details.aspx?jimare=260742
CRYPTO TRADER: Arab Bank returns to Baghdad after 80 years of presence, 14 APRIL
CRYPTO TRADER
#1QD
Government Advisor: Solutions To Prevent The Risks Of Commodity Dumping On The National Economy, 14 April
Government Advisor: Solutions To Prevent The Risks Of Commodity Dumping On The National Economy
Economy | 11:41 - 11/04/2025 Mawazine News – Baghdad The Prime Minister's financial advisor, Mazhar Mohammed Salih, announced on Friday solutions to prevent the risks of commodity dumping on the national economy.
The advisor to the Prime Minister, Mazhar Mohammed Salih, said: "There are important events that are changing the balance of power in the Iraqi economy, including the beginning of Iraqi economic policy to put an end to the phenomenon of commodity dumping resulting from commercial chaos, which came as a result of the dominance of the concept of commercial liberalism practiced by the commercial community by flooding the market with marginal goods devoid of value and meaning, without coordination and oversight over the past decades."
He explained that "this matter confiscated the national production function and stripped it of its professional capabilities, whether in the accumulation of its professional capabilities, which was reflected in the loss of thousands of job opportunities from the craft sector and the national professions sector, the disruption of the national workshop and factory, and the perpetuation of unemployment, because the craft sector absorbs 60% of the labor force, as is historically known,"
pointing to "the transformation of national capital in the productive industrial and agricultural field and its direction towards the activity of what is called financial capital, which is an activity that seeks quick profit through trading in consumer goods and others that have flooded the local market with products that are alternatives to the national product."
He added, "These products have even suppressed the idea of producing a new, similar product due to their incredibly low prices and their source in various Asian markets, allowing the profits resulting from trade and dumping to be invested in symbolic markets, i.e., the capital markets in the first world or their branches.
These are the mechanisms that led to commodity dumping and the results of its profits by striking the national economy in three directions: the first: liquidating the productive craft and industrial environment, the second: sustaining unemployment and the accumulation of human capital, and the third: converting the profits of productive national capital into practices of what is called (financial capitalism) with high historical accumulation."
Saleh explained that "these practices are based on plundering the economic surplus of craftsmen, industrialists and real producers, in addition to transferring the physical capital accumulations to global capital markets for investment there, and emptying the country of the agents of development and productive economic capital accumulation in all important fields, especially industrial ones."
He explained that "commercial or commodity dumping represents the qualitative opposite of the policy of localizing national capital, which requires a clear Iraqi protection policy that protects the national product with a gradual and practical customs fence, to be part of the process of market reform and disentangling the random clash in the import policy with national production and the loss of productive job opportunities." https://www.mawazin.net/Details.aspx?jimare=260739
TIDBIT FROM FRANK26, 14 APRIL
Frank26
The Vietnamese dong never attracted my attention until now. I have an itch that will not stop. China is so stubborn...I think we need to learn more about Vietnam...Not just the dong. We need to look at the whole infrastructure of Vietnam starting with their politicians, their futures, their resources, their banking structure. I want to learn an awful lot about them.
Article Quote: "With the full support of the government and in collaboration with Oliver Wyman Consulting, the Central Bank of Iraq (CBI) today unveiled reform plans aimed at modernizing the Iraqi private banking sector.. ."
THIS IS BEAUTIFUL MONETARY REFORM EDUCATION!
Article Quote: "The reform process will be a multi-stage journey...The first assessment cycle is expected to begin in the first quarter of 2026." IMPLEMENTATION IS IN 2025, A YEAR LATER THEY ASSESS IT TO SEE IF IT WAS SUCCESSFUL WITH THE CITIZENS...You think the reform process is to put it, bring it, leave it or take it to 1310?!? LOL!
📌 REVAL HUB INSIGHTS – Iraq REER & Currency Framework Update 🇮🇶💱 #IQD #dinaresgurus
Read also: Ask THESE Questions Before You Go To The Bank (Dinar RV Strategy 2026)
