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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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    The world's gold reserves are declining, and Iraq maintains its position

    Rocky
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    • Post n°1

    The world's gold reserves are declining, and Iraq maintains its position Empty The world's gold reserves are declining, and Iraq maintains its position

    Post by Rocky Sun 06 Mar 2022, 5:24 am

    The world's gold reserves are declining, and Iraq maintains its position

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    Economy News _ Baghdad
    Today, Sunday, the World Gold Council announced a decline in the world's reserves of gold after the central banks of countries sold quantities of it within one month, while Iraq maintained its global position.
    The council said in its latest schedule for the month of March of 2022, which was reviewed by "Economy News", that "the global reserves of gold decreased by 12 tons as a result of the central banks selling quantities of it," noting that "the bulk of the decline resulted from large sales operations from Kazakhstan ( 17 tons), while Russia (3 tons), Poland sold two tons, Uzbekistan one ton, and Mongolia one ton.
    He added, "The total purchases amounted to less than 13 tons, as Turkey bought (10 tons), India also bought one ton, Qatar (0.7 tons) and Ireland (0.5 tons)."
    The Council noted that "Iraq maintained its global position as 39 out of the 100 countries listed in the table with the largest gold reserves, reaching 96.4 tons of gold, which represents 8.8% of the rest of its other reserves."
    He explained that "the five Arab countries in the table did not purchase any amount of gold during this month, so that Iraq maintains its fifth rank in the Arab world after Saudi Arabia, Lebanon, Algeria and Libya," noting that "the total possession of gold in the five Arab countries amounts to 996.5 tons."
    He pointed out that "the United States still ranks first among the countries of the world in possession of gold with 8,133 thousand tons, followed by Germany, 3,359 thousand tons, then Italy 2,451 thousand tons, while Suriname ranked 100, with 1.5 tons, preceded by Yemen, with 1.6 tons." .
    It is noteworthy that the World Gold Council, which is headquartered in the United Kingdom, has extensive experience and deep knowledge of the factors that cause market change, and its members consist of the largest and most advanced gold mining companies in the world.
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