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Established in 2006 as a Community of Reality

Welcome to the Neno's Place!

Neno's Place Established in 2006 as a Community of Reality


Neno

I can be reached by phone or text 8am-7pm cst 972-768-9772 or, once joining the board I can be reached by a (PM) Private Message.

Established in 2006 as a Community of Reality

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Established in 2006 as a Community of Reality

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    An economist calls for the revival of the experience of speculating oil in gold in Iraq

    Rocky
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    • Post n°1

    An economist calls for the revival of the experience of speculating oil in gold in Iraq Empty An economist calls for the revival of the experience of speculating oil in gold in Iraq

    Post by Rocky Tue 28 Sep 2021, 6:52 am

    An economist calls for the revival of the experience of speculating oil in gold in Iraq

    •  Time: 09/27/2021 21:08:55
       
    •  Reading: 1,391 times

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    {Economic: Al Furat News} The economic expert, Riad Al Marsoumi, called, on Monday, to revive the experience of speculating oil with gold in the country.
    The useful summary.. In important news, you can find it in the Euphrates News channel on the telegram.. [You must be registered and logged in to see this link.]
    Al-Marsoumi told Al-Furat News that "there is an old Iraqi experience in the last century, through a specialized committee in the Central Bank of Iraq, which carries out the process of trading and economic speculation in gold."
    He pointed out, "The possibility of this committee to benefit from fluctuations in gold prices, especially since gold and oil have a direct relationship, that is, the higher the oil price, the higher the gold price."
    Al-Marsoumi considered this field "profitable. The economy can benefit from the rise in gold prices, especially since it has become an economic safe haven, after changing the exchange rate of the dollar, which is commensurate with gold in a military relationship, and there are Iraqi cadres in the Central Bank who worked in this regard."
    Experts and specialists stressed that the rise in gold prices has a strong relationship with energy and oil prices, on the grounds that the price of oil has a relationship with the productivity of most commodities because it represents part of the cost components of any commodity, whether transportation, production or others, and when any changes in its prices occur, this affects the economy The local commodity by making changes in the prices of local commodities, whether the change is up or down.
    Gold prices rose in Iraq, in trading this evening, Monday, despite the decline in the prices of the precious metal globally.
    And the price of a gram of 24 carat gold, during evening trading in Iraqi gold shops, was about 82,445 dinars ($56.49).
    A gram of 21 karat gold amounted to about 72,141 dinars ($49.43).
    While the price of a gram of 18 carat gold in Iraq was 61835 dinars ($42.37).
    As for economic gold prices in Iraq, the price of a gram of 14 karat gold scored about 48,093 dinars ($ 32.95), and the price of a gram of 12 karat gold scored about 41223 dinars ($ 28.24).
    From: Raghad Daham / Tah: Wafaa Al-Fatlawy
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