Tues. AM TNT News Articles/Thoughts 9-13-22

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TNT

Tishwash:
A major diplomatic meeting at the US Embassy in Baghdad…and revealed its goals

Diplomats from 11 embassies and international organizations in Iraq met at the US embassy in Baghdad.

US Ambassador Alina Romanovsky said in a tweet on Twitter: “In our embassy today to help increase trade and investment in Iraq.”

“We support economic reform and a strong private sector that creates more job opportunities for the Iraqi people, more investment opportunities, and a prosperous Iraq,” he added.  link

Buttercup:
How can all the other countries wait on Iraq to RV?

Yada:
buttercup,,,the fact that their dinar will have the greatest value of currencies,,even that of the dollar which is stronger than the others. 85 billion in reserve accounts. That gives them great spending power and those countries with dinar as a reserve account will increase the value of their currency.

Skinman:
So please correct me if I’m wrong, nothing‘s going to happen in a rack until the 17th when this holiday ends Then Itaq will have from then to October 4 to get their act together And have a government in place or else the UN and the EU will start dictating to Iraq what to do and how to do it to include putting a government in place?

JanitorJoe:
Bingo Fitgerald. ……

Tishwash:
The World Council: Iraq is among the Arab countries with the most gold reserves

The World Gold Council announced, on Tuesday, that five Arab countries, including Iraq, possess more than a thousand tons as reserves of the precious metal.

The council said in a statistic published on its website during the month of September and seen by “Economy News”, that “Saudi Arabia, Lebanon, Algeria, Iraq and Egypt have the largest reserves of gold among other Arab countries, where the total of these reserves amounted to 1.039 tons.”

He added that “the amount of gold reserves for Saudi Arabia amounted to 323.1 tons, while the gold reserves of the state of Lebanon amounted to 286.8 tons, while the amount of reserves of the state of Algeria amounted to 173.6 tons,” noting that “the gold reserves of the state of Iraq amounted to 130.4 tons, while the amount of gold reserves for Egypt amounted to 125.2 tons.”

He pointed out that “Iraq still maintains its 30th position globally with the largest gold reserves out of the 100 countries included in the international financial statistics for global gold reserves and for the second month in a row after purchasing 34 tons in the month of June, when these reserves amounted to 130.4 tons, which represents 9.5% of the remaining his other currencies.

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

Samson:
Oil prices rise amid concerns over supply shortage

Oil prices rose on Tuesday, extending gains from the previous session, as investors worried about tight supplies ahead of the winter heating season in the northern hemisphere

Brent crude rose 5 cents to $94.05 a barrel by 03:06 GMT, while West Texas Intermediate crude rose 7 cents to $87.85 a barrel

Crude oil prices on both sides of the Atlantic have risen more than 15% this year due to the uncertainty caused by the conflict between Russia and Ukraine. Energy costs have also risen as Moscow cuts gas supplies to Europe amid Western sanctions imposed over its invasion of Ukraine

In the US, emergency oil stocks fell 8.4 million barrels to 434.1 million barrels in the week ending September 9, the lowest level since October 1984, according to data released Monday by the US Department of Energy (DOE)

US President Joe Biden in March laid out a plan to release 1 million barrels per day over a period of six months from the Strategic Petroleum Reserve (SPR) to address rising fuel prices in the United States, which have contributed to rising inflation

Meanwhile, the G7 countries will implement a Russian oil price cap to limit the country’s oil export earnings, in an effort to punish Moscow for invading Ukraine, while taking measures to ensure the continued flow of oil to emerging nations

Source: Dinar Recaps

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