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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 Central Bank of Iraq is the first in the world to buy gold in 2022

rocky
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The Central Bank of Iraq is the first in the world to buy gold in 2022 Empty The Central Bank of Iraq is the first in the world to buy gold in 2022

Post by rocky Wed Aug 03, 2022 11:33 pm

The Central Bank of Iraq is the first in the world to buy gold in 2022

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Economy News - Translation
Central banks globally added 59 tons of gold to their reserves last month and no sales were reported, according to the latest data compiled by the World Gold Council.
The Central Bank of Iraq has become the latest bank to add a significant amount of gold to its gold reserves this year. The Iraqi Bank bought 34 tons of gold. This is the first increase in gold reserves by the Central Bank of Iraq since it purchased 7 tons in 2018. The Bank of Iraq now owns 130 tons of gold.
Uzbekistan continued its gold buying spree, buying another 8.7 tons. It has added nearly 9 tons of gold to its reserves in each of the past three months. Gold reserves represent just over 60% of Uzbekistan's total reserves.
Turkey has also been adding gold to its reserves constantly. Last month, the Turkish bank added 7.7 tons of gold to its holdings. Turkey's central bank added 37 tons of gold to its holdings in the first quarter of this year alone. It now owns more than 455 tons of gold, which is approximately 30% of its reserve assets.
In June, the Central Bank of Kazakhstan increased its gold holdings by 4.2 tons. This was the third consecutive month of purchases after several consecutive months of sales earlier in the year and back to 2021.
India bought 3.7 tons of gold last month. Since resuming buying in late 2017, the Reserve Bank of India has bought more than 200 tons of gold. In August 2020, there were reports that the Reserve Bank of India was considering increasing its gold reserves significantly.
 
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