Iraq News Highlights and Points to Ponder Monday Afternoon 12-9-24

$10 Billion Cash Flows Into Bitcoin Funds Since Trump Win

Money and business   Economy News - Follow-up US exchange-traded funds that invest directly in Bitcoin have inflowed nearly $10 billion since Donald Trump won the US election.

This comes in a bet that his embrace of the crypto sector heralds a boom in the market.

The 10 issuers, including BlackRock and Fidelity Investments, attracted about $9.9 billion in net inflows in the period following Election Day on Nov. 5, according to a report published by Bloomberg

Last week, Trump tapped a digital asset advocate to be the head of the U.S. Securities and Exchange Commission, and appointed the first White House czar for artificial intelligence and cryptocurrencies.

Trump has pledged to replace the Biden administration’s skepticism about digital assets with supportive rules, even backing the idea of ​​a national strategic reserve for Bitcoin.

Bitcoin hits record high

Bitcoin crossed the $100,000 mark for the first time on December 5.

The cryptocurrency's six-week winning streak is the longest since the cryptocurrency's wild rallies of 2021

Bitcoin has been hit by volatility a day after the currency hit a historic high of $100,000.

The volatility briefly sent the largest digital asset down to around $92,000, a drop that sparked some caution.

A “sustainable and decisive” push past $100,000 may require more positive catalysts to emerge, David Lawant, head of research at major crypto broker FalconX, wrote in a note.

83 views Added 12/09/2024 - 10:10 AM https://economy-news.net/content.php?id=50679

Iraq Rises To Third Place In The Arab World In Gold Reserves After Lebanon Leaves The List

Money and business    Economy News – Baghdad  The World Gold Council announced today, Monday, that Iraq has risen to third place in the Arab world after Saudi Arabia and Algeria, and 28th globally on the list of the 100 largest countries in terms of gold reserves, after Lebanon was removed from the classification.

According to the latest report published by the Council in December 2024, which was reviewed by Al-Eqtisad News, Iraq’s gold holdings rose to 152.7 tons, up from 152.5 tons last month.

These holdings constitute 11.5% of its total other reserves, ranking it third in the Arab world.

The Council pointed out that "the United States of America continues to top the list of the largest gold holdings in the world, with 8,133.5 tons, followed by Germany with 3,351.5 tons, then Italy with 2,814 tons. Bosnia and Herzegovina came at the bottom of the list with 1.5 tons."

The Council did not mention the reason for Lebanon’s exit from the list, after it had been ranked third in the Arab world, as its reserves in the previous month amounted to 286.8 tons.

The World Gold Council is based in the United Kingdom and has extensive experience in understanding the factors affecting the gold market. The Council includes the largest gold mining companies in the world. Views 26 Added 12/09/2024 - 1:24 PM https://economy-news.net/content.php?id=50686

Parliamentary Committee Criticizes Dollar Selling Platform: It Has Many Problems And Suspicions Of Corruption

2024-12-09 | Sumerian News – Local Criticized Deputy president Committee Strategic Planning and Federal Service Mohammed Al-Baldawi, Central Bank PlatformI raqiTo sell the dollar, while he pointed out that there are professional groups in fraud the law.

Al-Baldawi said in an interview with Sumaria News, "The platform for selling Dollar The transfer operations are plagued by many problems and suspicions of corruption.  Pointing"Today, a new mechanism for transfer within the Central Bank has begun. Iraqi And its affiliated banks and institutions in order to simplify procedures for citizens, especially those who wish to travel outside the country for treatment or study.

He pointed out that "these procedures are supposed to move forward to reduce the lengthy procedures and we see them as good, but today they need continuous follow-up, review, evaluation process and then evaluation of the performance of institutions because there are professional groups to introduce fraud and deception into the law Through groups, we saw this through cards and the platform.

He added: “We hope that this method and procedures will be easy for citizens and will ensure the preservation of foreign currency, as well as finding ways and outlets to facilitate procedures and provide what citizens need for travel, treatment and study.” LINK

Advantages Of The Modern Electronic Ration Card

Monday,09-12-2024,AM 11:36 Taisir Al-Asadi  The Ministry of Commerce noted the achievement of advanced rates in updating the electronic card in Wasit Governorate after a week of updating operations in the governorate’s regions.

She pointed out the launch of a registration application to update citizens’ data for the ration card, as the program requests four determinants: the ration card number, the ration center number, the agency number for the food agent, and the agency number for the flour agent.

After that, the citizen logs in to create his own account, then a message is sent to the citizen’s phone number, including the username and password, and then the update begins from the same system.

The ministry’s spokesman, Mohammed Hanoun, confirmed in a statement that: “The data update operations for the electronic ration card in Wasit Governorate are proceeding smoothly and with broad participation from the governorate’s residents,” noting that “the update rate has reached 33%, while the number of updated individuals has reached 524,270 individuals, and the number of updated families has reached 114,505 families.”

Hanoun said, “The Citizen Program will also help citizens submit their transactions from their homes without the need to visit the supply branch departments. These services will be paid for electronically, such as adding a child, adding an individual, adding a family, deleting, blocking, or unblocking, and other activities. The data update process will be accompanied by a media campaign to educate citizens and train them on how to use the applications on their mobile phones.” https://non14.net/public/172708

Integrity Commission Discloses Its Activities In The Field Of Disclosure Of Assets And Money Inflation For The Month Of October

Security |Today, Baghdad Today – Baghdad  The Federal Integrity Commission revealed, today, Monday (December 9, 2024), all of its activities in the field of disclosure of assets and the inflation of funds for taxpayers during last October.

The Commission stated in a statement received by "Baghdad Today" that "the number of taxpayers who disclosed their financial liabilities reached (1740) taxpayers, while the number of forms that the Prevention Department in the Commission audited to investigate the existence of inflation in funds during the same period reached (95) forms, noting that one of the taxpayers was referred to the Investigations Department and the Supreme Commission for Combating Corruption."

She added that "violations were discovered regarding the issue of conflict of interest among (16) taxpayers out of (100) taxpayers from various government agencies that were investigated and investigated through (151) visits."

She pointed out that "the Performance and Professional Conduct Department made (79) visits to (64) government departments to follow up on performance and professional conduct, e-governance procedures, comprehensive digital transformation, and the transparency and public money protection program."  LINK