Clare: Iraq imports over 50 kilograms of gold daily: Ministry
Iraq imports between 50 to 75 kilograms of gold daily excluding the Kurdistan Region, the planning ministry said on Wednesday, adding that gold imports are only allowed through airports.
“50 to 70 kilograms of gold is imported daily through the airports,” Iraqi planning ministry spokesperson Abdul Zahra al-Hindawi told Rudaw.
The imported gold arrives through Baghdad, Basra, Najaf, and Kirkuk airports, according to Hindawi.
While the amount of gold imported does not include the Kurdistan Region, Hindawi said that the ministry has expressed its readiness to coordinate with authorities in the Region to organize the process and obtain accurate numbers.
Gold is also imported through Erbil and Sulaimani airports, both of which have a center for inspecting gold and expensive jewels.
Government regulations in Iraq only permit gold to be imported through the airports.
In late December, a gold inspection center was opened in Kirkuk airport, which authorized the import of gold.
Sheikh Mustafa Abdulrahman, president of the Kurdistan Region’s Importers and Exporters Union, told Rudaw in December 2023 that the Kurdistan Region has become the center of gold trade in the region. link
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Tishwash: Iraq’s dollar reserves exceed $100 billion
Economic expert, Basem Jamil Antoine, revealed Iraq’s dollar reserves.
Antoine told {Euphrates News} that: “The Iraqi gold reserve is good and it is preferable for the reserve to be larger than it is now and commensurate with the size of Iraq’s dollar reserve, which currently amounts to more than 100 billion dollars.”
He explained that “these assets must be converted into production in the economic and private sectors to create job opportunities for the unemployed and reduce poverty rates,” stressing “the need for local reliance in production and not resorting to imports.”
Antoine pointed out “the importance of converting surplus cash liquidity into a productive sector that is capable of protecting the country and providing food security in all sectors.”
The economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed via {Euphrates News} Iraq’s gold reserves, which are estimated at about 152 tons.
Salih explained that its approximate value in the country’s foreign investment portfolio is about 14 billion dollars, which constitutes about 13% of the total diversification of that portfolio, which is distributed in standard proportions between other foreign currencies. link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 The fact that Trump has sent his new Secretary of Treasury people along with the Treasury Secretary is gigantic. What do you think they’re talking about, the Super Bowl next week? Of course not. They’re talking about what they’re about to do, to give [Iraqi citizens] purchasing power.
Militia Man Article: “Al-Sudani opens the 48th session of the Baghdad International Fair” The event is underway with 20 countries and up to 1,000… Iraq is looking for the international and Arab investors to come into Iraq. All of which are looking for doing business with assurances they can invest in a secure and stable economic environment…It has been openly stated they have that and will continue with the support of the international community noted by…the United Nations directly this week. This is very good to see.
Gold’s Historic Breakout: A Simple Breakdown of a Complex Collapse
VRIC : 2-1-2025
https://www.youtube-nocookie.com/embed/hyC4LC65a4A?feature=oembed&enablejsapi=1
When Confidence Is Lost, HYPERINFLATION ENSUES
Lynette Zang: 2-2-2025
Today’s video is about confidence, breaking down the stages of lost confidence, and how it effects you and your security!
https://www.youtube-nocookie.com/embed/F7P0xm2REwA?feature=oembed&enablejsapi=1
