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KTFA
Frank26 » February 11th, 2024
“LOL… ONCE AGAIN IT’S A LOT MORE THAN THAT!!!”………..F26
Iraq increased its possession of the yellow metal to more than 142 tons
2/7/2024
The World Gold Council announced today, Wednesday, that Iraq has increased its possession of the yellow metal to more than 142 tons.
The Council said in its latest table for last January, “Iraq maintained its 30th ranking globally out of 100 countries included in the table with the largest gold reserves and raised its possession to 142.6 tons from 132 tons, which represents 8.3% of the rest of its other reserves.”
He added, “Iraq ranked fourth in the Arab world after Saudi Arabia, which possessed 323.1 tons, followed by Lebanon, which possessed 286.8 tons, and Algeria, which possessed 173.6 tons.”
He pointed out that “the United States of America sits on the throne of the rest of the countries with the largest possession of gold in the world at 8133.5 thousand tons, followed by Germany with 3352.6 thousand tons, then Italy came with 2451.8 thousand tons, while Bosnia and Herzegovina came at the bottom with 1.5 tons.”
The Council stated, “Iraq announced the purchase of gold in the year 2023, amounting to approximately 12.25 tons.”
It is noteworthy that the World Gold Council is based in the United Kingdom and has extensive experience and deep knowledge of the factors causing market change. Its members consist of the largest and most advanced gold mining companies in the world. LINK
Source: Dinar Recaps
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Clare » February 11th, 2024
The Minister of Finance participates in the activities of the Eighth Arab Public Finance Forum in Dubai
2/11/2024 Baghdad –
Today, Sunday, Minister of Finance, Taif Sami Muhammad, participated in the activities of the Eighth Arab Public Finance Forum in Dubai.
The Ministry said in a statement received by the Iraqi News Agency (INA): “Minister of Finance, Taif Sami Muhammad, participated in the activities of the Eighth Public Finance Forum for Arab Countries under the title of designing more efficient financial policies to address challenges related to debt and future financial issues in light of more stringent financing restrictions and tax management.” and reform of public sector institutions.
She added that “the forum discusses financial policy issues and the prospects for economic and financial developments, with the aim of exchanging experiences and expertise and identifying the challenges facing economic policy makers and reform priorities in Arab countries,” noting that “the forum is held in cooperation with the International Monetary Fund, and in the presence and participation of Arab finance ministers and governors.” Central banks and Arab monetary institutions, along with a number of heads, senior officials and experts from international and regional financial institutions.”
She continued, “The forum also addresses the challenges of reforming and supporting energy and strengthening social safety networks, with the aim of achieving a future characterized by sustainability and social solidarity. The forum also addresses the balance sheet-based approach to creating value from public assets in order to enhance the ability of governments to achieve their goals, in addition to the importance of Enhancing domestic revenue mobilization to confront spending pressures and achieve comprehensive and sustainable economic growth, by improving tax administration, while evaluating the progress achieved in the Arab region.” LINK
Source: Dinar Recaps
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