KTFA: Samson: Russia Reduces Its Investment In US Government Bonds
19th January, 2022
The US Treasury announced that the Russian Federation has reduced its investments in US government bonds.
In its statement, the ministry stated that Russia continued in November to reduce its investments in US government debt securities to $2.4 billion, down from $3.7 billion at the beginning of that month.
In the Russian portfolio, the value of long-term bonds amounted to 101 million dollars, and short-term bonds amounted to 2.308 billion dollars. Russia is no longer among the largest holders of US debt — its portfolio began shrinking sharply in 2018 from initially $96 billion.
Most of the US Treasury bonds are in the hands of Japan and China, whose investments at the end of last fall amounted to 1.34 and 1.081 trillion dollars, respectively. LINK
Samson: The Central Bank of Iraq announces an “unprecedented” growth in its foreign reserves
01/19/2022 16:55:06
The Central Bank of Iraq announced on Wednesday that it recorded a significant growth in its foreign currency reserves last year.
The bank’s media office said in a statement today, that its data “for 2021 showed an unprecedented growth in its foreign reserves compared to previous years.”
The statement pointed out that “this growth was achieved thanks to its various investments and its management in accordance with the monetary policy based on the best international practices away from risks.”
The bank did not mention in its statements any figures that determine the size of its foreign reserves.
Samson: An Economist Denies The “Fiscal Deficit” Novel: A Fake Created By The Government
19th January, 2022
The economist, Basil Al-Obaidi, confirmed, on Wednesday, that there is no actual financial deficit in the Iraqi budget, but rather a fictitious deficit created by the government, while noting that the surplus funds from the rise in oil prices, if invested correctly, will improve the economic situation in Iraq.
Al-Obaidi said, in a statement to the “Information” agency, that “there is no real financial deficit, rather it is a fictitious deficit that the government has set in the planning budget. As for the actual budget, there is no deficit; For two reasons, the first is that spending was not done correctly due to the delay in approving the 2021 budget.
He continued, “As for the second reason, it lies in the increase in oil prices significantly more than expectations. The expected price of a barrel in the previous budget was 49 dollars and reached more than 89 dollars in the recent period, so we have a large surplus through which we can increase the reserves of the Central Bank of Iraq by 16 billion dollars.”
He added, “If these surplus funds are properly invested in the 2022 budget, the country’s economic situation will become very good,” noting that “now we have the ability to return debts, pay interests and extinguish loans.”
Al-Obeidi explained, “The financial abundance is divided into two parts, the first of which goes to the reserves of the Central Bank of Iraq for hard currencies and the purchase of gold, and the other section is money saved to cover the new budget, so all the financial surplus is added to the 2022 budget in addition to all the money that exceeded the general budget.” 2021.” LINK
