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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 talks about the “secret” of Iraq buying additional quantities of gold

    Rocky
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    An economist talks about the “secret” of Iraq buying additional quantities of gold Empty An economist talks about the “secret” of Iraq buying additional quantities of gold

    Post by Rocky Tue 28 Jun 2022, 8:48 am

    An economist talks about the “secret” of Iraq buying additional quantities of gold

    [ltr]2022.06.27 - 18:48[/ltr]


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    Baghdad - people  
    The economist, Hammam Al-Shamma, commented, on Monday, on the rise in the Iraqi gold reserves, and its solutions in the advanced ranks of the Arab world.   
      
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    Al-Shammaa said, in a statement, to "Nass" (June 27, 2022): "Iraq bought additional quantities of gold due to its assessment that the next stage will depend on gold in a very large way."  
      
    He added, "Although the United States will try to reduce the importance of gold because it is one of the very large sources of revenue for Russia, but the Central Bank and the Investment Authority believe, and in my opinion it is correct, that the United States seeks to reduce the importance of gold only because it knows that the upcoming international trades are due to the war and the so-called sanctions. imposed on Russia and the countermeasures taken by Moscow will reduce the importance of the dollar in international transactions."  
      
    And he continued, "Therefore, gold is on the verge of rising, and for this reason, Iraq has increased its gold holdings."  
      
    And the Central Bank of Iraq announced, earlier today, the rise in gold reserves, to be ranked fourth in the Arab world.   
      
    And the bank said in a statement that “People” received a copy of it (June 27, 2022): “Iraq has advanced ten ranks in the table of the most countries in gold reserves, bringing its total possessions to (130.39) tons, ranked thirty in the world and fourth in the Arab world.”    

    The bank confirmed, “The purchase of new quantities of gold, amounting to approximately (34) tons, with an increase of 35% over what was in its possession. ".    
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