Hey guys, it's Nick and you're probably thinking again, wow, he's doing another video already exactly. So check this out. So we are on Google. You can see hopefully Google.com, the American one. I'm going to pay, I'm going to post in here paste, I'm saying post, I'm going to paste in here the word central bank of Iraq in Arabic. Here we are as you can see, it just showed up here. So now what I'm going to do now that we have that, I am going to translate this, but we're going to just look at the news. So now we're going to look at the Arabic news. There we go. Now there's proof that it was originally an Arabic. Now we're going to change this to news within the last week. And so we're going to be getting into some crazy stuff real briefly. We're going to go into, see right now you can't tell what this is all about. So watch when I translate it and look at these headlines. So these are all really important headlines guys and these are all in the past week as you can see. So I'm using a translator along with the Arabic said central bank of Iraq and Arabic. And we're going to look at these interesting headlines real quick. First thing is from March 3rd central bank of Iraq denies low reserves of foreign exchange. CBI bought 36 tons of gold. CBI pulls smaller paper currency. I was one of the first people to break that in a video. I don't think any bell submitted video about that. Central bank of Iraq to decide to withdraw the 50-denar note. I mentioned that as well. And here's an important one right here. Central bank gives the green light to implement the deletion of zeros. So we'll go ahead and open these and I'm just going to open them. And if my voice cracks a bit, it's mainly because the internet slows down. Obviously when I'm opening up these links. So I'm just going to open up a few. We're just going to check out these articles. And again, if my voice sounds funny, it's just because these pages need to load. Now they will be translated once they're finished loading. Right now it's an Arabic so it doesn't make any sense. So let me go ahead and make sure I can fix that. I should be able to translate all these. Let's see. All right. So we'll go ahead and start with this one here. So this is central bank gives the green light to implement the deletion of the zeros. We need two years to complete. Now I want to get this professionally translated because as you can see, it mentions like the word keywords and obviously that's, you know, it's got to be a mis-translation. But this is what I used to get started because if I find a good article like this, I want so many to professionally translate it. So I'll get this one going eventually. Here's another one central bank. We have a tendency to increase gold reserves. So they're talking about gold and they're talking about the leading the zeros. Let's go ahead and continue this. And you can see this was an Arabic document. When you see up in the browser, you see the Arabic on the end of the URL. Okay. So they don't really have an English equivalent. So I'm just going to go ahead and translate it like this. So source at the central bank banks will begin the implementation of remittances to the customer starting next Sunday. So this is pretty big news. And it also says something interesting. It says the central bank of Iraq began to apply the new system of remittances and sell the currency as he pointed out the bank denied that they stopped selling the dollar. See it right there. Here's another one. This is something that I reported on a few days ago. And you can see another Arabic website. It doesn't have English equivalents if you guys look. If I show you, it's all Arabic. There's no button to click on to make it English. So you're kind of, you know, kind of have to do your own thing. So it says CBI pulls smaller paper currency and it says obviously because many of you guys were asking, why did they do it? Well, let's just read what they said. The Iraqi central bank decided to smaller paper currency, which is the withdrawal of the 50-degree notes because it's no longer needed due to the low value and stop circulation. Essentially, it means there's no value. The notes are worth four cents US. So there's no point in circulating them. Plus the banks aren't really the banks aren't really using them. Now the banks are going to accept them, but they're not. You know, there's no point. What are you going to go to your bank or say, need a bunch of four cents pieces of paper? It's not worth it. And here's another thing. The guy says here, he pointed out that the 50-class denars were printed after 2003, but an increase in the rate of inflation in 2006 after raising fuel prices led to the erosion of the currency and the difficulty of trading them to become the 250 denars. So if you talk to people in Iraq, the 250 is a lot more common than the 50. Even though the 250 isn't really worth much, it still is being used. And then he says he was also supposed to delete the zeros from the currency. A project that has been prepared in advance and prepared the floor. However, many reasons led to the postponement of an unknown time. Pointing to the real need to reduce turnover in Iraq since the deal today, talking about trillions while striving to be trading billions. Now there's an audio too, but I mean, there's no point in me trying to play because you won't be able to hear it during this broadcast because this is live. I can't actually play it. But you can just see some of the stuff that they're talking about here. I'm going to get this one translated as well because you can only get so much from automatic machine translations. Let's get into the gold real quick. So let me zoom in because I know you guys are going to see it real quick. That didn't work. Take two. There we go. The FBI bought 36 tons of gold Iraq Central Bank to buy more gold to preserve the stability of the highest value to the size of that enjoyed by the special reserve. See, it's not fully translated, but it's essentially said that they want to keep their currency stable. It also says Muhammad Ali. I don't know how that got in there. The purpose of buying gold to diversify reserves and not to rely on the dollar alone as a store of value. So even Iraq saying that they don't want to just hold dollars that they don't think that the dollars worth holding on to guys. That's it. That's a huge deal when Iraq saying that they don't want to hold dollars. So just think about that. It says Iraq bought 36 tons of gold bullion to strengthen the Iraqi currency. Thus Iraq became ranked among the 37 countries of the world in gold stocks. And then experts believe the move to buy gold will lead to raising the efficiency of the Iraqi economy in the near future. As I've told you guys, Iraq doesn't have a lot of assets and they're accumulating gold. I even tell people for years, gold and silver, you need to have gold and silver. And the final thing was about the auctions I need to zoom in on this one unfortunately too, because it's really small. Because everyone had been asking me about the auctions like, hey, they're not doing auctions anymore in Iraq. That means there's going to be an RV. Actually it doesn't. So let's go ahead and look at this. Central Bank of Iraq denies low reserves of foreign exchange. Again, it's going to be kind of a ghetto translation, just try to bear with me. So it says, the central bank of Iraq denied on Tuesday low reserves of hard currency, meaning the dollar, indicating that it covers the Iraqi currency traded at more than one and a half times its size without setting a specific value of the reserve. So basically they said they have a lot of dollars. They have a lot of denar. But at this point that they're denying that they have very low reserves of dollars. If you remember my recording that I did, my podcast with the American contractor, his site to Americancontractor.com Rich Morris, he specifically said that they prefer to use the Iraqi denar for the smaller purchases and everything. But when you're buying stuff, they typically use dollars for major purchases. So the Iraqi denar and the dollar are traded side by side and the dollars are very common in Iraq. If you talk to people actually over there, they'll tell you the same thing. And he says the governor of central bank of Iraq was surprised that the statements of some officials about the low reserves of hard currency asserting that Iraq does not suffer from any decline in reserves and has good revenue and there are no concerns. So guys, I just want to give you a preview of what I do. I actually go to Google, I search for the news and I make sure to, if I can get it professionally translated. You can see there's so much stuff on here. Iraq resorted to selling bonds. I just wanted to get that out there for you guys to see. Okay, I really hope that you were able to enjoy this video. I want to put some links in the description for you to go to. Obviously, you want to check out my site. It's getting a lot of traffic now from that recent press release I did. But at the same time, make sure you subscribe to this channel. After you're done watching this video, just give it a thumbs up. You probably got a good deal of information from this. And then please leave me a comment as to what you think and any concerns you might have about currency or about Iraq or the economy. Even if it has to do with the United States, I'd be happy to answer it for you guys. All right, well, that is it. I am closing down for the evening. I hope you guys have a great week and I look forward to talking to you soon. Bye.