TNT
Tishwash:
3 Arab countries top the list of world banks in purchasing gold during 2023
Recent data issued by the World Gold Council revealed that three Arab countries, including Iraq, found themselves among the top ten in the list of world banks that made the largest purchases of gold during the year 2023, and this comes in the context of these countries strengthening their reserves of the yellow metal as a means of confronting crises. Current economic and geopolitical.
In detail, global central bank purchases of gold decreased last year to 1,037.4 tons. However, they still represent the second highest level in more than 55 years.
The People’s Bank of China topped the list by purchasing 224.88 tons of gold in 2023, followed by the Central Bank of Poland and then the Central Bank of Singapore.
What is striking in the list is that Libya ranks fourth, as the Central Bank of Libya purchased 30.01 tons of gold in 2023, in the first purchase since 1998-1999, raising their total reserves of the yellow metal to 147 tons.
As for the Central Bank of Iraq and Qatar, they came in seventh and eighth places, respectively, by purchasing 12.25 tons and 7.44 tons of gold, respectively.
This comes as global central banks continue to enhance their gold reserves as a safe haven, amid the current economic and geopolitical conditions. link
CandyKisses:
Sudanese adviser: Iraq is living better in its financial history thanks to high foreign exchange reserves
The Prime Minister’s financial adviser, Mazhar Mohammed Saleh, announced on Saturday a significant improvement in the efficiency of Iraq’s foreign exchange reserves, stressing that it indicates that Iraq’s financial situation is the best in its history.
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Saleh explained, in an interview with the official agency, followed by NRT Arabia, that Iraq’s oil revenues will remain the main source for the growth of the country’s foreign currency reserves, pointing to the high efficiency indicators in these reserves.
Saleh pointed out that Iraq’s oil revenues constitute up to 98% of the assets of the investment portfolio of foreign currency reserves, indicating that all indicators indicate that Iraq is currently living in its best financial conditions, and that these reserves are booming and increasing with the growth of the current account index of the balance of payments.
He stressed that there are standard investment mechanisms and evidences in line with global standards in the management of Iraq’s foreign exchange reserves, stressing that with the increasing cycle of oil assets, the size of Iraq’s foreign reserves increases and rises in its investment portfolio.
https://www.nrttv.com/ar/detail3/22885
Spokesman for the Commander-in-Chief: The US strikes are a violation of Iraqi sovereignty and a threat whose consequences will be dire
Baghdad / Nina / The spokesman for the Commander-in-Chief of the Armed Forces, Major General Yahya Rasul Abdullah, said: “The US strikes are a violation of Iraqi sovereignty and a threat whose consequences will be dire for security and stability.”
He said in a statement: “The cities of Al-Qaim and the Iraqi border areas are subjected to air strikes by the United States of America, as these strikes come at a time when Iraq is striving to ensure the stability of the region.”
He added: “These strikes are a violation of Iraqi sovereignty and undermine the efforts of the Iraqi government, and a threat that drags Iraq and the region to the unfortunate consequences, and its consequences will be dire for security and stability in Iraq and the region.”
White House: We Informed The Iraqi Government Before The Start Of The Strikes
Earth News- White House National Security Council spokesman John Kirby confirmed on Saturday that the Iraqi government had already been informed before the air strikes.
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“The American response began tonight, and it will not end tonight,” Kirby said.
“We believe the strikes were successful, and we don’t know how many militants may have been k----d or wounded,” the U.S. official said.
The White House confirmed that all airstrikes had hit targets in Iraq and Syria.
“The facilities that have been targeted are being used by groups affiliated with the Islamic Revolutionary Guard Corps (IRGC) to target US forces in the Middle East,” Kirby said.
“There have been no contacts with Iran since the k-----g of 3 US soldiers in northeastern Jordan,” he said.
US Central Command: We hit 85 targets in Iraq and Syria
Baghdad Today – Baghdad
The US Central Command announced at dawn on Saturday (February 3, 2024), strikes on Iraq and Syria, noting that more than 85 targets were hit.
The command said in a statement received by “Baghdad Today”, that “at 4:00 pm. (EDT) February 02, Central Command (CENTCOM) forces have launched airstrikes in Iraq and Syria against the Islamic Revolutionary Guard Corps Quds Force and affiliated militia groups.
US military forces have struck more than 85 targets, with many aircraft including long-range bombers from the United States. The airstrikes used more than 125 precision munitions.”
“The hit facilities included command and control operations, intelligence centers and centers, missiles and missiles, unmanned vehicle warehouses, logistics supply chain facilities and ammunition for militia groups and their IRGC sponsors who facilitated attacks against US and coalition forces,” it said.
Source: Dinar Recaps
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CandyKisses:
Sudani adviser: We are keen to establish a positive relationship with America after its withdrawal
Mawazine News – Baghdad
Hisham Al-Rikabi, Advisor to the Prime Minister, confirmed the keenness of The government has “positive relations” with coalition countries, led by the United States United Nations, after its withdrawal from Iraq, expressing the hope that all observers and opinion will touch The year is “clear indications” in the coming days about the mechanisms of withdrawal.
Hisham al-Rikabi said that “Iraq is keen that His relations will be positive with the countries of the international coalition with the withdrawal, led by the States united”.
“We want to This relationship is diverse and includes all sectors and areas in which Iraq can It is useful and needed.”
Hisham al-Rikabi pointed out that the Sudanese government has adopted since its formation “the choice of Constructive dialogue with all issues that hinder the work of the government, and how to find calm solutions Far from escalation to ensure the continuation of the stable situation in the country.”
Regarding the issue of the presence of the international coalition, he pointed out The government program of the prime minister, which won the confidence of parliament, stressed “the need for a withdrawal This coalition is from Iraq, especially after the need for its presence disappeared after the defeat of the I--s organization t-------t thanks to our armed forces and their military formations, as well as thanks to the international coalition who supported Iraq during these operations.”
He hoped that “there will be indications Clear in the coming days to be felt by all observers and public opinion about the mechanisms of withdrawal And how will the relationship between the parties represented in the international coalition and Iraq be,” he recalled. that the government’s statement “was clear about future relations with the coalition forces, which “It will be based on mutual cooperation and mutual respect.”
Tishwash:
Sudanese Advisor: Iraq is at the best stage in its financial history
Mazhar Saleh, the financial advisor to the Prime Minister, confirmed that “Iraq is in the best condition in its financial history, through the reserves it possesses of gold and foreign currencies,” indicating that “the growth of the gross domestic product is continuous and stable.”
Saleh told the official agency, followed by Al-Mutala’, that: “Iraq’s oil revenues will remain the main source of growth in the country’s foreign currency reserves, and those reserves will rise with the rise in the cycle of oil assets, all of which lead to an increase in indicators of the efficiency of foreign currency reserves, whether Commercial efficiency (coverage of the mentioned reserves for the number of import months for Iraq, which currently exceeds 15 months compared to the global standard of three months), or in covering the money supply, or the fact that these foreign reserves in terms of percentage have the ability to cover the external debt services payable.”
He added: “The country’s oil revenues still provide 98% of the assets of the investment portfolio for the country’s foreign currency reserves, whether in monetary gold or various foreign currencies. All indicators of the efficiency of foreign reserves mentioned above indicate that Iraq today is in the best condition in its financial history.” These reserves flourish and grow with the index of the growth rate in the current account surplus of the balance of payments to the country’s gross domestic product, which was estimated for the year 2023 at approximately (positive 9%), and is estimated for the year 2024, at the same similar rate, according to published data from international credit evaluation institutions. “For Iraq.”
He pointed out that “there are standard investment mechanisms and guides approved globally by the monetary authority in managing the country’s foreign currency reserves, as their tools and methods are evaluated in consultation with multilateral international financial organizations, including the International Monetary Fund and the World Bank, on a periodic basis to ensure optimal management of reserves, both in Providing appropriate returns, sufficient liquidity and low risks at the same time.”
He continued: “It takes into account avoiding all forms of risks, whether the risks of currency exchange rate fluctuations, interest, or liquidity risks, as well as the legal risks in managing those reserves, which are the basis of the country’s foreign investment portfolio, and today they represent something similar to the Iraqi dinar exchange rate stabilization fund that it defends.”
The country’s monetary policy represents assets corresponding to the national currency issued as (liabilities) and adequate coverage of the dinar to ensure its stability, in addition to the role of reserves in financing foreign trade for the private sector.” At the conclusion of his speech, he stressed that “as the cycle of oil assets increases, the country’s foreign assets increase and inevitably rise in the country’s investment portfolio.” link
Source: Dinar Recaps
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