TNT – “Tidbits From TNT” Thursday Morning 12-7-2023

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Tishwash:  The Issue of a Homeland”… a campaign to support the Iraqi dinar and make it the gateway to building the country

Encouraging the local currency and dealing with it in light of the current economic conditions that the country is experiencing is an important issue, especially with the government’s intention to “strengthen” the Iraqi dinar against other hard currencies, especially the dollar, as well as seeking to present it first in order for it to be a “homeland issue” in a way. Real.

In the government’s will to encourage dealing in the dinar in all daily transactions, the call emerges for it to be a gateway to building the country again, and to strive to strengthen and advance the Iraqi economy, and to reduce dependence on other foreign currencies, so that according to government directives, it is constant and the rest are variables, so that the dinar is a gateway to sustainable development. And prosperity at all levels.

 here is a pdf file  of an image   link

https://media.shafaq.com/media/arcella_files/1701950515929()%D8%A7%D9%84%D9%85%D9%84%D9%81.pdf

CandyKisses:  A matter of a homeland.” A campaign to support the Iraqi dinar and make it the gateway to build the country

Shafaq News / Encouraging and dealing with the local currency under the current economic conditions in the country is an important issue, especially with the government’s tendency to “strengthen” the Iraqi dinar against other hard currencies, especially the dollar, as well as seeking to present it first in order to be a “issue of a homeland” in a real way.

In the government’s will to encourage dealing in the dinar in all daily transactions, the call to be a door to build the country again, and seek to strengthen and promote the Iraqi economy, and reduce dependence on other foreign currencies, so that according to government trends is fixed and the rest are variables, so that the dinar is a gateway to sustainable development and prosperity at all levels.

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CcandyKisses:  Iraq and 4 Arab countries have more than one million tons of global gold reserves

Shafaq News / The World Gold Council announced on Thursday that Iraq and 4 Arab countries have more than one million tons of global gold reserves.

“Iraq, Algeria, Egypt, Lebanon and Saudi Arabia have reached their global gold reserves of one million, 28 thousand and four tons of precious metal,” the council said in its latest schedule for the month of December 2023, seen by Shafaq News Agency.

He added that “Iraq maintained its 30th position globally out of 100 countries on the table with the largest gold reserve, as it has not bought gold since May, reaching its holding of gold for 132.7 tons, which represents 7.7% of the rest of its other reserves.”

He pointed out that “the United States of America is on the throne of the rest of the countries with the largest gold possession in the world by 8.133.5 thousand tons, followed by Germany with 3.352.6 tons, and then Italy came 2.451.8 thousand tons, while Suriname ranked 99th and 1.5 thousand tons, followed by Papua Guinea with the same amount by 1.5 thousand tons.”

The council stated that “Iraq announced on June 27, 2022 the purchase of new quantities of gold by approximately (34) tons, an increase of 35% over what was in its possession, while in May it announced the purchase of 2.3 tons of gold.”

The World Gold Council is based in the UK and has extensive experience and deep knowledge of the factors causing the change in the market and its members are made up of the world’s largest and most advanced gold mining companies.

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Tishwash:  Iraq is at the top of the 5 largest oil deals within a month

The top 5 oil deals in November (2023) witnessed a strong presence from Iraq and Algeria, with increasing development and investment work in the oil sectors in both countries.

A report by the specialized energy platform stated that the importance of oil is increasing with the escalation of the global energy crisis, at a time when the markets are witnessing a state of confusion, due to the continued implementation of the voluntary reduction in oil production.

Iraq came at the top of the five largest oil deals in November, through major agreements related to investment, production and development in the “West Qurna 1” and “West Qurna 2” fields by international companies.

Iraq topped the list of the five largest oil deals after announcing that it granted the Chinese company Petro China the right to become the main operator of the West Qurna 1 field, instead of Exxon Mobil, which withdrew from it. This deal came under a settlement agreement conducted by the Ministry of Oil. Iraq with the giant American energy company, with the aim of putting the final touches on its exit from this field.

Iraq strengthened its presence at the top of the list of the five largest oil deals, by concluding a new agreement with the Russian company Luk Oil, to develop the West Qurna 2 oil field.

The Russian company announced that it had signed the agreement to improve conditions in the Iraqi field, and to extend the services contract with the Ministry of Oil responsible for the field for another 10 years, stressing that the agreement will lead to gradually doubling the field’s capacity  link