Wed. AM TNT News Articles 10-6-21



Prime Minister: The Iraqi pavilion at Expo 2020 is impressive

On Wednesday, a high-level government delegation visited the Iraqi pavilion at the Expo 2020, which is currently being held in the UAE city of Dubai.

The delegation witnessed the participation of the Iraqi ambassador to the UAE, Muzaffar Al-Jubouri, and the director of the Prime Minister’s office, Raed Jouhi.

Jouhi said in an interview with “Al-Iqtisad News”, “Today we were visiting the Iraqi pavilion at the Expo 2020 Dubai, as well as the pavilions of other countries.”

He added, “Expo is known as a global event, and it is a factory for inventions and a place where the latest new innovations that contribute to the development of the world are located.”

He stressed that “what I saw in the Iraqi pavilion fascinated me, and I wish them success and all the workers in the exhibition.”

Expo 2020 was launched in Dubai at the beginning of this month and will last for six months  link

Iraq maintains its 39th position in the world as the largest gold reserve

The World Gold Council announced, on Wednesday, that Iraq maintained its 39th position globally for the third month in a row and the fifth in the Arab world as the largest gold reserve in the world, indicating that Iraq did not buy or sell any amount of gold during this period.

The council said in its latest table for the month of October 2021, which was reviewed by “Economy News”, that “Iraq maintained its position 39 globally for the third month in a row out of the 100 countries listed in the table with the largest gold reserves, bringing its gold holdings to 96.3 tons, which represents 9.3% of the total gold reserves.” The rest of his other precautions.

He added, “Iraq has maintained its fifth rank in the Arab world after Saudi Arabia, Libya, Algeria and Lebanon,” noting that “Iraq has not bought gold since September of the year 2020, when it bought a small amount of 0.1 tons, while it bought 6.5 tons in September 2018, while it Using 0.1 tons of these reserves for internal purposes.”

The council indicated that “the central banks of the countries bought 30 tons of gold, as India (12.9 tons), Uzbekistan (8.7 tons), Kazakhstan (5.3 tons) and Turkey (2.8 tons) to their gold reserves, while the total sales amounted to less than two tons, as Qatar recorded the largest decrease in gold reserves by 0.9 tons   link

Appointment of a new governor of the Central Bank of Iran

Iranian President Ebrahim Raisi has appointed a new central bank governor, replacing former governor Ali Akbar Kemejani.

The appointment decision came after a proposal submitted by the Minister of Economy and Finance and approved by the Iranian Council of Ministers on Wednesday.

Ali Salehabadi holds a doctorate in financial management from the University of Tehran. He is the first president of the Stock Exchange and Securities Organization after amending the stock market law. He also headed the general secretariat of the Organization of Financial Intermediaries at the Tehran Stock Exchange.

In 2014, he was appointed as Chairman of the Board of Directors and Executive Director of the Bank “Expansion of Saderat”, which is one of the banks specialized in the field of export and foreign exchange.

It is noteworthy that Saleh Abadi is the 20th governor of the Central Bank of Iran since its establishment.


Source: Dinar Recaps


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