Tues. AM TNT News Articles 12-7-21



Iraq and Britain agree to end the combat role of the international coalition in Iraq

Iraq and Britain agreed today, Monday, to end the combat role of the international coalition and move to coordination and training.

And the Iraqi government said in a statement issued following a call between Iraqi Prime Minister Mustafa Al-Kazemi and British Foreign Secretary Liz Truss, today, Monday, that they discussed developments in the region, and Iraq’s pivotal role in promoting stability.

She added that Liz discussed with Al-Kazemi the issue of ending the combat role of the international coalition, and moving to the role of advice, assistance and empowerment, in a manner that enhances security and stability in Iraq and the region.

The statement pointed out that the most prominent points in which coordination took place was the issue of the war against terrorism.

It is noteworthy that Iraq and America recently agreed to withdraw the international coalition forces from military bases in Iraq by the end of 2021   link


Central bank governor welcomes opening of branches of British banks inside Iraq

economy news baghdad

Central bank of iraq governor mustafa ghaleb has welcomed the opening of branches of british banks in iraq.

“Central bank of Iraq governor Mustafa Ghaleb met with the British ambassador in Baghdad and discussed banking relations and ways to develop them,” said a statement issued by the central bank, received by economy news. the governor welcomed the opening of branches of British banks in Iraq and the opening of opposite accounts to facilitate trade between the two countries.”

For his part, the ambassador stressed the need for banking cooperation and technical assistance to the central bank of Iraq, especially in the field of financial digitization.

The ambassador praised the new building of the central bank, where the governor invited him to attend the opening ceremony of the building when it was completed.

economic news – central bank governor welcomes opening of branches of british banks inside iraq (economy-news.net)


Gold Council: Iraq maintains its global position

The World Gold Council announced, on Tuesday, that the central banks of countries bought small quantities of gold within one month, while Iraq maintained its global position.

The council said in its latest schedule for the month of December of 2021 and seen by “Economy News”, that “the central banks bought two tons of gold on a net basis, as the purchase was met with sales from a small number of banks, which is the lowest monthly total in 2021.”

He added, “Four central banks accounted for the vast majority of purchases, with Kazakhstan being the largest buyer, adding 6 tons, followed by India, which added 3.8 tons, and Russia buying 3 tons during the month. Ireland also bought one ton of gold, while three banks recorded Central sales included Uzbekistan 8 tons, Turkey two tons, and Qatar two tons.

He pointed out that “Iraq maintained its global position 39 for the fifth consecutive month out of the 100 countries listed in the table with the largest gold reserves, reaching 96.4 tons of gold, which represents 8.8% of the rest of its other reserves.”

He explained that “Iraq also maintained its fifth rank in the Arab world after Saudi Arabia, Libya, Algeria and Lebanon,” noting that “the total possession of gold in the five Arab countries amounts to 996.4 tons.”

He pointed out that “the United States still leads the rest of the countries with the largest gold possession in the world, at 8,133 thousand tons, followed by Germany, 3,359 thousand tons, then Italy, 2,451 thousand tons, while Suriname ranked 100, with 1.5 tons, preceded by Yemen, with 1.6 tons.”

It is noteworthy that the World Gold Council, which 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


Iranian President: Some are trying to raise currency rates to coincide with negotiations

Iranian President Ibrahim Raisi revealed today, Tuesday, that there are people trying to raise currency rates in conjunction with the ongoing negotiations in Vienna on reviving the nuclear deal.

In a speech he delivered at the Sharif University of Technology in Tehran during his visit to it on the occasion of Student’s Day, he said that the national intelligence services are following up on this file, adding that some of these people are residing inside, and some are outside Iran.

Raisi added that these “want to link the negotiations to the internal economy”, but “we do not mortgage the economy and people’s livelihood to negotiations.”

According to the Iranian president, the country’s foreign exchange sources “are in good condition and unlike the first days of our government, we are not worried about the situation.” He added that   link

Source: Dinar Recaps


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