Sun. AM KTFA News Articles 5-9-21

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KTFA

Samson» May 9th, 2021

Finance Committee: Iraq needs 27 years to pay its internal and external debts

9th May, 2021

A member of the Economy and Investment Committee in the Iraqi Parliament, Mazen Al-Faily, revealed that Iraq needs about three decades to pay off its accumulated debts.

Al-Faily confirmed in a statement that there are internal and external debts and loans, which expire in the year two thousand and forty-eight, which means that Iraq will continue to pay the debts during the next twenty-seven years, indicating that the Parliamentary Economic Committee objected to borrowing without there being alternatives to oil or Reducing expenditures, while Al-Faily pointed out the absence of any practical steps on the ground to maximize Iraq’s imports in the industrial, agricultural and tourism sectors.   LINK

Learn about Iraq’s ranking with the largest gold reserves in the world

9th May, 2021

The World Gold Council announced, on Sunday, that Iraq possesses more than 96 tons of gold as reserves of the precious yellow metal.

In its latest schedule for the month of May 2021, seen by Mawazine News, the council said, “Iraq ranked 38th in the world out of 100 countries listed in the table with the largest gold reserves in the world, and ranked fifth in the Arab world after Saudi Arabia, Lebanon, Algeria and Libya.”

He added, “Iraq’s possession of gold amounted to 96.3 tons, which represents 8.1% of the rest of its other reserves.    LINK

Source: Dinar Recaps

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