News, Rumors and Opinions Saturday Afternoon 9-14-2024
KTFA:
Clare: Iraq buys nearly 52 tons of gold in three years
9/14/2024
The World Gold Council announced on Saturday that Iraq has bought about 52 tons of gold during the past three years.
According to the latest schedule published in September by the Council and reviewed by Shafaq News Agency, "Iraq bought 51.9 tons of gold during the previous years from 2022 until September 2024."
He added, "Iraq bought 33.9 tons of gold in 2022, 12.3 tons in 2023, and 5.7 tons in 2024, including 3.1 tons in February and 2.6 tons in May."
The World Gold Council 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. LINK
Clare: Al-Sudani: Iraq today is on the right path
9/14/2024
Prime Minister Mohammed Shia Al-Sudani, during a dialogue seminar by the Anki Foundation for Studies and Research on the path to development, in the presence of Mr. Al-Hakim:
Iraq depends on oil as the only source to cover its expenses, which have begun to increase.
The development path needs more study and clarification.
We must think properly to activate sectors that support oil.
- There must be projects that suit Iraq to be a focus of development.
We have started establishing and implementing the development road project, which will transform Iraq into an open country.
We have unnatural materials that have not been exploited in industries and the strategic location of Iraq.
We are in the planning, design and other studies phase and we have approached the World Bank to begin implementing the development road from Basra to Mosul.
Capital finds opportunity in Iraq amid security and political stability
- Many capitals want to invest in Iraq
Iraq today is on the right track LINK
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Clare: Al-Alaq: The number of digital banks in Iraq will be greater than neighboring countries
9/14/2024
The Governor of the Central Bank of Iraq expected, on Saturday, that the number of digital banks in the country would increase and be larger than in neighboring countries.
This came during his hosting of the activities of the Electronic Payment Conference towards Financial Stability in Iraq, which was launched in the capital, Baghdad, and was attended by a Shafaq News Agency correspondent.
Al-Alaq said during the hosting that “the experience of digital banks in the world is an experience that indicates a shift towards an approach that is completely consistent with technical developments and employing them in a direction that serves various operations.”
He added, "Digital banks are widely spread in the world, and the volume of financial transactions for these banks has reached about 5 trillion annually, and it is hoped that the number will reach about 7 trillion dollars by the year 2027."
Al-Alaq also pointed out that this is an important indicator that calls on us to stimulate this aspect, focus on it and push it forward, adding that “Iraq will be one of the countries that will advance in digital banks that occupy an important space, and the number of these banks in Iraq will be greater than in neighboring countries.”
He continued by saying, "Before launching the licensing round for digital banks, the Central Bank conducted in-depth studies and reviewed the experiences of other countries extensively until we set the necessary rules and controls to license this type of bank."
The Central Bank Governor concluded his speech by saying, “We were surprised that the number of applicants to establish digital banks exceeded 70 banks,” stressing that “the Central Bank is studying the applications to establish digital banks, sorting them out, and selecting a limited number of them.” LINK
Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Television is talking about a historical meeting and it was all good. It was between Erbil and Baghdad. After the meeting they said all pay will be equal now, that's saying the HCL is done. They're saying salaries will be released Sunday. However Sunday is a big holiday for us so let's see what happens.
Militia Man The news out of late is completely off the charts and it points to I believe international. Internationalism is where Iraq is headed. I don't believe for a minute they're going to stop until they complete it...
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Dollar 's Demise: End of Hegemony, Currency Multipolarity, mBridge, Global Economics| Dr W. Powell
Lena Petrova: 9-14-2024
The US dollar, as the global reserve currency, has been the backbone of the United States as a great power and without a strong dollar, its days of unquestionable hegemony are numbered.
How quickly will de-dollarization happen? Is the Global majority de-dollarizing in order to simply take revenge, to cause a power shift or are there are much deeper, much more complex reasons that nobody is talking about?
I had the pleasure of discussing mBRIDGE, BRICS' currency backed by commodities, US dollar demise due to weakening US global role and other important topics with a wonderful guest. I’m excited to be joined by Dr. Warwick Powell.
Warwick is an Adjunct Professor at Queensland University of Technology in Australia. He is the go-to expert on on digital technologies, global political economy & governance. Also, Warwick is a Senior Fellow at Taihe Institute in Beijing.