More News, Rumors and Opinions Saturday PM 4-20-2024
TNT:
CandyKisses: Fourth, Arab.. Iraq’s reserves of gold {137.7} tons
{Economic: Euphrates News} The former director of Dwan Financial Supervision, Salah Nouri, revealed today, Saturday, Iraq's gold reserves.
Nouri {Euphrat News} said that: "The gold reserve of the Central Bank of Iraq is up to {137.7} tons and comes in fourth place in the Arab world according to the statistics of the World Gold Council based in London."
He pointed out that "we do not have accurate information about the amount of gold reserves in the Central Bank of Iraq, in general, the Central Bank should diversify investments between US government bonds and investment in gold."
On the most prominent things of the US magazine Forbes magazine about the reasons for the rise in gold prices globally, Nouri explained that "the high demand for gold by Chinese investors and your universe is to hedge against economic instability that affects investment in stocks and bonds."
“There are also concerns about lowers interest rates on investment in U.S. government bonds, which has led to investing in gold as a safe haven,” he added.
Nouri concluded by "the geopolitical reasons for the Russian-Ukrakranian war and the war on the people of Gaza by the Zionist entity are all reasons that pushed the rise in gold prices globally."
Gold prices rose on Friday due to risk absilitance in financial markets.
By 04:29 GMT, gold in spot transactions had risen 0.3% to $2386.05 an ounce after jumping briefly to $2417.59 earlier in the session, hoving near an all-time high of $2431.29 it recorded last Friday.
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Tishwash: Sudanese Advisor: The next meetings with the American side will be held in Baghdad
The Prime Minister's Advisor for Transport Affairs, Nasser Al-Asadi, confirmed today, Saturday, the formation of joint committees to exchange dialogue points. He indicated that the upcoming meetings with the American side will be held in Baghdad .
Al-Asadi said in a statement to the official media, followed by “Mail,” that “the meetings held in Washington witnessed the activation of the framework agreement between Iraq and the United States, especially in the areas of education, transportation, health, human rights, the role of women, strategic relations between Iraq and the United States, and the relationship of American financing funds with the Central Bank.” Al-Iraqi, indicating that “the meetings were fruitful and we produced important results .”
He added: “Specialized committees have been formed between the United States and Iraq to exchange dialogue points,” pointing out that “the next meetings will be in Baghdad to begin implementing the mechanisms of the agreement concluded in the United States .”
Al-Asadi stated, “All meetings in the United States are successful due to the reaction of other parties and parties,” pointing out that “Iraq announced during the visit great investment opportunities for American companies, and plans were drawn up between Iraqi and American investors .”
He pointed out, "The Iraqi delegation that visited Washington included a team from the private sector, because the government encourages expansion with private sector companies, which will be easier to deal with companies and government instructions ."
Earlier today, Al-Sudani returned to Baghdad after a week-long visit to the United States, during which he held a series of important meetings, the most important of which was his meeting with US President Joe Biden . link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man [Q&A portion of Al-Sudani interview] Question: "Is the government thinking of revaluing the dinar and readjusting the value of the dinar due to the current circumstances in the market or do you see it to stay the same?" Al-Sudani's answer: "This policy is dictated by the central bank and the government abide by what the bank decides. I believe we are in the best status we could be in and we have actually had an assessment which has given much trust, higher trust at a higher level from different global parties...This is going to raise the level or value of the Iraqi dinar. There is policy that is consistent policy that the central bank is using..." [Post 1 of 2....stay tuned]
Militia Man MILITIA MAN: Deletion of the zeros project, is that what they're talking about? If you're going to raise the value of the currency you're going to have to do something to it and that's the exchange rate. You don't just LOP three zeros off a currency and say, 'Snip! Go use this'. It doesn't work that way. They have to raise the value...We know their reserves are $110 to $112 billion, they have gold, they have all the new electronic systems, taxes and tariffs...tourism, agriculture, liquid gas, all that stuff added into this is going to benefit them. Basically what is he saying? They're going to raise the level of the value of the Iraqi dinar. That's really powerful... Post 2 of 2]
Former Advisor to President Reagan and Professor of Economics, Steve Hanke Talks on the U.S. Economy
Sachs Realty: 4-20-2024
U.S. Economy is crumbling! Steve Hanke, Professor of Applied Economics at Johns Hopkins and Former Economic Advisor to President Ronald Reagan talks about the state of the U.S. economy and monetary system.