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Saturday, October 8, 2016

Sat. PM News Articles from KTFA Walkingstick 10-8-16


Walkingstick » October 8th, 2016

Iraq maintains reserves of gold

It said the World Gold Council today that Iraq was able to maintain its reserves of gold for the month of October.

The council said in a report on Saturday, "said Iraq, according to official statistics for the month of October maintained its gold reserves, and did not purchase or sell any amount of gold."

He said the Council, that Iraq's reserves of gold remains constant at 89.8 tons., Noting that, these reserves of gold represents 6.9% of its reserves of foreign currency.
The Iraq occupies the fifth place in the Arab world gold reserves, while ranked 37 in the world.


Accusations of the Central Bank of manipulating the dollar's exchange rate

Exchange value of the dollar rose against the Iraqi dinar for up to 131,000 dinars per 100 Dolar.fima counting observers this rise as a deliberate process by traders who Atdarbon and manipulating the value of exchange for profits.

Observers noted, the central bank opened a special sale of the money directly to the traders and citizens, according to the documents certified origin for the purchase of goods related to strategic projects outlets, stressing provide banks Iraqi Balkhozan of the dollar and the price of 119,000 dinars for $ 100.

Where the accused under that views of the central bank have to do squandering Iraq's money.

It is worth mentioning that the price of the dollar today in Chierfat per 100 dollars (131 000) thousand dinars Araca.alma he was buying b (118000) $ 100 thousand for each of the central bank.

It is clear from this that the difference in the exchange rate of 13,000 dinars for every $ 100 sold by the Central Bank of Tjar.anthy 29 / D 24


On Sunday a public holiday on the occasion of the Islamic New Year

General Secretariat of the Council of Ministers decided to consider on Sunday a public holiday on the occasion of the Islamic New Year.

According to a statement of the Secretariat 'that' the Islamic New Year holiday will be on Sunday, the holiday on the 10th of Muharram will be on Wednesday, 12 of October of this. '
The Sunni Endowment announced that on Sunday is the lunar month of Muharram.

The top religious authority, the Office of Mr. Ali al-Sistani has announced that on Sunday is supplementing the month of Dhu al-Hijjah Sacred and on Monday the first day of the month of Muharram.



BAGHDAD / revealed the agency "economic Bloomberg," the US, for the start of the Saudi series of negotiations with international financial institutions for the purpose of selling their bonds in a number of countries in the world, after less than a week after the issuance of the law "Justa" which aims to enable the victims of the events of .September 2001 11 sue Riyadh

According to the agency, that "officials at the bank (JPMorgan Chase), the largest bank in the US banking and financial services, entered in the meetings of the two­day, with a number of senior financial officials in Saudi Arabia, to discuss their desire to attract more foreign markets investments and discussions also include the consequences of the release of Justa law on financial markets in Saudi Arabia, and its impact " .

on investors' intentions toward Riyadh The Agency pointed out that " a number of senior officials at the Ministry of the Saudi economy and the central bank are involved in these meetings, as well as some officials in a number of Saudi companies such as" Saudi Telecom Company STC "and" SABIC "and" Samba "financial", as quoted by "Bloomberg" sources have recently reported that Riyadh is considering selling bonds by about $ 10 billion .at least for maturities of 5, 10 and 30 years

It is noteworthy that Saudi Arabia warned earlier, the consequences of which will cause the law "Justa", after a vote of the Senate and House of Representatives to drop the veto of President Barack Obama on the law known as justice law against sponsors of terrorism, known for short as "Justa", which allows for the families of victims of attacks September .11, 2001, terrorist sue the Saudi government Abandon the dollar

Observers Saudi economists said that the establishment of a system of direct exchange rates between the currencies of the Chinese yuan and the Saudi riyal Index for China's purchase of Saudi oil in its own currency in the future, while the US dollar will be affected by this .foundation Analyses observers, came after the signing of the Kingdom of Saudi Arabia an agreement with China, entered into force on 26 September, which are business dealings between the two countries to "Yuan" .Chinese and "Real" Saudi He said observers and economists Saudis that the agreement brought "serious blow" to the dollar, because the establishment of a system of direct exchange rates between the currencies of the Chinese yuan and the Saudi riyal would allow Beijing to buy Saudi oil in the future as its .currency would hurt the dollar

There may come a Saudi abandon the dollar in the context of a violent version of American law, "Justa" passed by the US House of Representatives responses, and the failure of a veto by US President Barack Obama to reverse the law was passed, under which the right to the families of the victims of the events of September 11 to sue the Government of the Kingdom and incur sums of money and .compensation money

China is the largest importer of Saudi oil in the world, including more than 1.1 million barrels a day, by nearly 15% of Saudi Arabia's oil exports to the world total, and is linked to the Saudi riyal in US dollars for more than 30 years, with an exchange rate of 3.75 riyals to the dollar, according to the Monetary Authority Saudi Arabia "Saudi Arabia's ".central

He said the Chinese International Monetary Fund and the yuan to the approved basket of currencies of the Fund as well as the dollar, euro, yen, pound sterling, and before the days of the International Monetary Fund's decision to the Chinese yuan, China announced the launch of two new direct exchange rate between the yuan and the Saudi riyal, said currency trading system Chinese foreign that China also will establish a system of direct exchange rate between the yuan and the .UAE dirham



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