Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20
TNT: Tishwash: Angry demonstrators storm an American company in Baghdad
On Tuesday, angry demonstrators stormed the building of an American company in Baghdad. A security source told Mawazine News, "Angry demonstrators stormed the building of the American company Procter & Gamble in the Uwaireej area, south of Baghdad."
He added, "The security services were on alert towards the Uwairaj area in Baghdad." link
TNT:
Tishwash: Angry demonstrators storm an American company in Baghdad
On Tuesday, angry demonstrators stormed the building of an American company in Baghdad.
A security source told Mawazine News, "Angry demonstrators stormed the building of the American company Procter & Gamble in the Uwaireej area, south of Baghdad."
He added, "The security services were on alert towards the Uwairaj area in Baghdad." link
Tishwash: Financial inclusion in Iraq: a success story that defies the odds
In the wake of the American invasion of Iraq in 2003, the financial system collapsed and the phenomenon of hoarding money spread, as a result of the loss of confidence in the banking sector after the closure of most branches of foreign banks operating in Iraq, and the faltering of some local banks.
To address this crisis, the Iraqi Deposit Insurance Company began establishment procedures in 2008 with the aim of protecting depositors’ funds and enhancing their confidence in the banking system, which is vital for achieving sustainable economic development.
The company has achieved remarkable success in its mission, as it has witnessed a significant increase in the number of bank accounts and the size of deposits since its establishment. In 2009, total deposits in Iraqi banks amounted to $8.05 billion, and this number rose to $76.5 billion in 2021. This significant increase is largely due to the company’s efforts to enhance confidence in the banking system and encourage citizens to save.
This significant increase in deposits clearly reflects the effective role played by the company in stimulating the culture of savings and encouraging citizens to deposit their money in banks instead of keeping it at home.
These numbers indicate that the Iraqi Deposit Insurance Company is on the right track towards achieving its strategic goals, which are enhancing financial stability and reducing the phenomenon of hoarding, and thus contributing to advancing economic growth in Iraq. link
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Tishwash: The government's lack of seriousness in removing the Americans leaves Iraq exposed to them
It seems that there is nothing hidden from the Americans inside Iraq, as they know everything and eavesdrop on everything, and all this while the government is silent in the face of the popular will that calls for the removal of the American occupier from the country.
An international coalition led by the United States toppled the former regime in 2003, then Washington declared itself an occupying force in the country.
In 2008, the United States and Iraq concluded the Strategic Framework Agreement, which paved the way for the complete withdrawal of American forces in late 2011 after 8 years of occupation. The agreement regulates relations between the two countries at various political, security, economic, cultural and other levels.
American forces returned to Iraq at the request of Iraqi Prime Minister Haider al-Abadi in 2014, after the terrorist organization ISIS invaded a third of Iraq's area in the north and west.
America came with about 60 countries under the pretext of fighting the terrorist organization, before Iraq regained all of its territory from the organization in 2017 after 3 years of war, with the help of the Popular Mobilization Forces and the rest of the security forces.
Baghdad and Washington agreed to withdraw all combat forces from the international coalition by the end of 2021, but America remains to this day and has committed many crimes against Iraqi civilians, in addition to committing dozens of assassinations that targeted the mujahideen from the national forces and voices.
In the previous parliamentary session, the Iraqi parliament voted to completely withdraw American forces from Iraqi territory, but there was no withdrawal.
During the era of the government of Muhammad Shiaa al-Sudani, pressure increased on this government to expel the American occupier, and the Sudanese actually demanded that the Americans withdraw from Iraq, but it seems that these calls were to calm the angry street and nothing more, despite the talk of the head of the Supreme Committee to End the Mission of the International Coalition, the Chief of Staff of the Army, Lieutenant General Staff Abdul Amir Rashid Yarallah, with the continuation of consultations and the presence of seriousness in removing the occupier.
Political analyst Qasim Balshan questioned the government's statements to remove the American occupier from Iraq, describing them as “media consumption.”
alshan told Al-Ma'louma, “Everything that is said about movements to remove American forces from Iraq is just talk for media consumption.”
He explained, “Removing these forces lies with the Commander-in-Chief of the Armed Forces and not with the House of Representatives, which voted in the previous parliamentary session to remove the American occupier from Iraq.”
He pointed out, "The framework agreement signed during the era of former Prime Minister Nouri al-Maliki stipulated that the withdrawal of forces would be at an official request from the Commander-in-Chief of the Armed Forces," noting that "Sudanese did "Do not submit this request to the American administration."
While the head of the Presence Movement, Muhammad Abu Saida, criticized the continuation of American air sorties in Iraqi airspace and the military presence without any actual movement from the government to end the presence of these forces.
Abu Saida told Al-Maalouma, “Ain al-Assad base contains more than 1,950 American soldiers from the Marine unit and more than 4,500 soldiers inside the American embassy in central Baghdad. These forces remain and there is no movement towards removing them from Iraq.”
He added, "American forces are present in various types of military bases, as everything that is said about their exit from Iraq is just talk."
He stated that "American aircraft continue their sorties in Iraqi airspace, to collect information and visual and audio data through special eavesdropping devices." link
Mot: .. Nutting but ~~~~~
Mot: .. Nooooooo Body Told Me - Way Back then!!!!
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Iraq Economic News and Points To Ponder Late Tuesday Evening 6-4-24
Financial Inclusion In Iraq: A Success Story That Defies The Odds
Time: 06/04/2024 18:48:26 Read: 1,105 times {Economic: Al-Furat News} In the wake of the American invasion of Iraq in 2003, the financial system collapsed and the phenomenon of hoarding money pread, as a result of the loss of confidence in the banking sector after the closure of most branches of foreign banks operating in Iraq, and the faltering of some local banks.
To address this crisis, the Iraqi Deposit Insurance Company began establishment procedures in 2008 with the aim of protecting depositors’ funds and enhancing their confidence in the banking system, which is vital for achieving sustainable economic development.
The company has achieved remarkable success in its mission, as it has witnessed a significant increase in the number of bank accounts and the size of deposits since its establishment.
Iraq Economic News and Points To Ponder Late Tuesday Evening 6-4-24
Financial Inclusion In Iraq: A Success Story That Defies The Odds
Time: 06/04/2024 18:48:26 Read: 1,105 times {Economic: Al-Furat News} In the wake of the American invasion of Iraq in 2003, the financial system collapsed and the phenomenon of hoarding money pread, as a result of the loss of confidence in the banking sector after the closure of most branches of foreign banks operating in Iraq, and the faltering of some local banks.
To address this crisis, the Iraqi Deposit Insurance Company began establishment procedures in 2008 with the aim of protecting depositors’ funds and enhancing their confidence in the banking system, which is vital for achieving sustainable economic development.
The company has achieved remarkable success in its mission, as it has witnessed a significant increase in the number of bank accounts and the size of deposits since its establishment.
In 2009, total deposits in Iraqi banks amounted to $8.05 billion, and this number rose to $76.5 billion in 2021.
This significant increase is largely due to the company’s efforts to enhance confidence in the banking system and encourage citizens to save.
This significant increase in deposits clearly reflects the effective role played by the company in stimulating the culture of savings and encouraging citizens to deposit their money in banks instead of keeping it at home.
These numbers indicate that the Iraqi Deposit Insurance Company is on the right track towards achieving its strategic goals, which are enhancing financial stability and reducing the phenomenon of hoarding, and thus contributing to advancing economic growth in Iraq. https://alforatnews.iq/news/الشمول-المالي-في-العراق-قصة-نجاح-تتحدى-الصعاب
What If Other Banks Follow Suit?
Economical 06/05/2024 Hussein Thaghb Economic advancement requires a set of data that will take it to safety and achieve the set goals on time.
The process of economic development requires a series of interconnected episodes that complement each other during known times.
This mechanism cannot be maintained unless there are elements that represent the raw material for new production.
The financial sector here can be described as the cornerstone of the economic development process sought by the country that is described as rich among the countries of the world,
especially since one of the specialized centers placed Iraq first among the rich countries of the world, as it was ranked first by the volume of wealth per square kilometer relative to the number of inhabitants, and Here we can evaluate the country's economic importance.
Today, when we look forward to employing the amount of wealth in a way that creates true sustainable development and preserves the rights of future generations,
it is necessary to create an effective and sound banking system that takes into account the movement of money globally and complies with all legal paths that govern the movement of money within the globe, and this is something we are close to, as she pointed out.
International Reports Indicate That Iraq Is In An Acceptable Situation.
In the country, the matter requires more clarity and rapprochement from the Central Bank of Iraq with the banking system, which has begun to fear the expected sanctions,
especially since there are those who say that there are sanctions that will affect new banks in the coming days, at a time when the Central Bank and the Association of Banks, the sectoral body responsible for private banks, announced that efforts are directed To cancel the sanctions imposed on banks that began a year ago.
In an atmosphere like this, banks continued to work to increase their capital and develop their technological systems in accordance with what is internationally approved to strengthen the financial system in Iraq.
News like this comes circulating here and there.
The relevant official and sectoral authorities must come closer to clarify the facts of the matter and preserve the banks that are actually working to develop their performance.
It aspires to serve the national economy, and has national motives to serve Iraq, not exclusively personal interests.
Iraq is one of the most important labor markets in the world and the focus of attention of major international companies and international economic organizations.
This requires us to reflect an ideal image of the country, starting with the financial sector in particular, which is the reflecting mirror of any economy, and as long as we are on the cusp of a new phase to achieve...
For economic advancement, we must and inevitably have an effective banking system that is far from all forms of disruptions that expose it to unnecessary shocks.
The most important role of the Iraqi Central Bank is to protect the quality of the Iraqi banking system, confront any rumors that confuse performance, reassure its children of the banks that actually serve the national economy, and address banks that do not have development goals that support the development trends in the country. https://alsabaah.iq/97861-.html
More Than 12 Million Bank Accounts To Date
Economical 06/04/2024 Baghdad: Al-Sabah The growth rate of bank accounts has increased over the past years in the country, reaching 12 million bank accounts so far.
According to a statement issued by the Central Bank, “the growth rate of bank accounts increased from 2018 to 2019 by 90%, reaching 12,500 million bank accounts.”
He added, “The growth rate of bank accounts reached its peak in 2020 with a growth rate of 90%, reaching 12 million bank accounts, while for the year 2021 it decreased to the lowest level by 10%, reaching 1,500 million bank accounts.”
The Iraqi Central Bank indicated that the growth rate of bank accounts for the year 2022 increased by 30% to reach 4,500 million bank accounts, and it also increased during the year 2023 by 54% to reach the level of 8 million bank accounts. https://alsabaah.iq/97767-.html
Experts: We Are Getting Close To “Zeroing” Gas Burning
Economical 06/05/2024 Baghdad: Shukran Al-Fatlawi Economic affairs specialists see the necessity of conducting multiple licensing rounds to exploit gas patches in the country in light of Iraq's approach to zeroing out the gas burning process, noting that the last round did not achieve all of its goals.
Baghdad recently witnessed a licensing round for a number of new exploratory patches and sites, some of which were not awarded in the round.
Oil expert Dr. Hamza Al-Jawahiri said in an interview with “Al-Sabah” that the issue of investing in associated gas was long delayed due to many problems, pointing out that the government is serious during the next two years in zeroing the rate of burning of associated gas,
indicating the existence of several projects for treatment, including exploiting gas in The project signed with Total Energies, which processes 600 mqm of gas, as well as the Nahr Omar project, which processes 300 mqmq, and other projects that the government is urging to invest in associated gas.
Al-Jawahiri continued that there is a period of time ranging from 3 to 5 years, in which it is possible to see its final results in investing in associated gas, hoping at the same time that these projects will be implemented, because, unfortunately, they have become like a dream, he said, as the process of burning associated gas and converting it into power generation stations Electrical or petrochemical plants, not yet exploited.
Al-Jawahiri stressed that petrochemical plants are not available in the country, except for one plant, which is not sufficient for its purpose, considering it a major problem that requires urgent solutions, noting that there are very many fields in western Iraq for free gas, which could make us a gas exporting country if invested properly.
He pointed out that the Ministry did not fully achieve its goals during the last licensing round in obtaining investors in the exploratory patch for invasive areas, because it requires more work, study, and seismic geophysical surveys in those areas in order to be presented to international companies, in addition to the necessity of providing security in the region.
For his part, the researcher in economic affairs, consulting engineer Imad Al-Muhammadawi, told Al-Sabah that the year 2030 will be the year of completely eliminating gas burning, according to the Paris Agreement that Iraq signed, which stipulates “finding coordination and reaching solutions and cooperation at all international levels to help in Reducing the percentage of carbon in the atmosphere and its negative effects, and confronting climate change and its significant effects as a result of global warming.”
He added that the country's efforts are currently directed towards stopping associated gas, which will stop in the year 2028 according to government sources, and trying to benefit from it in generating electrical energy, from which the country has been suffering from a crisis for a long time.
He expressed his optimism that the crisis is on its way to being resolved, and the country is currently taking... Correct steps in this direction.
For its part, the Ministry of Oil recently announced access to investment and exploitation of 62% of the gas produced in Iraq, and indicated that the year 2028 will witness the end of Associated gas combustion.
The Undersecretary for Gas Affairs in the Ministry, Izzat Saber, said in a press statement,
“A memorandum of understanding was signed between Siemens, Schlumniger, and the Ministry of Oil for accelerated investment in the associated gas that is being burned,” indicating that
after the memorandum, the stage of commercial, financial, and technical presentation for this company and identifying the fields will come. That burns gas. https://alsabaah.iq/97860-.html
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
ProvokingThoughts and Points To Ponder On Wealth
We can have democracy in this country or we can have great wealth concentrated in the hands of a few, but we can't have both.-Louis D. Brandeis
I am opposed to millionaires, but it would be dangerous to offer me the position.-Mark Twain
Sleep, riches and health to be truly enjoyed must be interrupted.-Jean Paul Richter
The wealth of a nation consists not in its mass of material things, but in its system. The natural resources of South America are not inferior to those of the United States, but the wealth of the two regions is vastly different. The land of India is far richer than that of Japan, but the comparative wealth of the two nations is reversed.-George Brockway
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Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8
Goldilocks' Comments and Global Economic News Tuesday Afternoon 6-4-24
Good Evening Dinar Recaps,
"The State Bank of Vietnam (SBV) started selling gold directly to four state-owned commercial banks today (June 3), aiming to lower the metal’s domestic price. The institutions will then sell the gold bars to the public."
This new monetary policy shift will continue as Vietnam attempts to narrow the difference between the domestic and global gold bar prices per SBV officials. It is an attempt to revalue gold through resetting its price.
This diversifies their people's portfolio, and it gives the banking system a broader strength to their accounts. In return, it gives the SBV an opportunity expand their net worth and give out loans. Vietnam has been accumulating gold in order to join the BRICS Nations.
One of the requirements is that they do accumulate gold to support their banking system.
Goldilocks' Comments and Global Economic News Tuesday Afternoon 6-4-24
Good Evening Dinar Recaps,
"The State Bank of Vietnam (SBV) started selling gold directly to four state-owned commercial banks today (June 3), aiming to lower the metal’s domestic price. The institutions will then sell the gold bars to the public."
This new monetary policy shift will continue as Vietnam attempts to narrow the difference between the domestic and global gold bar prices per SBV officials. It is an attempt to revalue gold through resetting its price.
This diversifies their people's portfolio, and it gives the banking system a broader strength to their accounts. In return, it gives the SBV an opportunity expand their net worth and give out loans.
Vietnam has been accumulating gold in order to join the BRICS Nations. One of the requirements is that they do accumulate gold to support their banking system.
Can you see where this is going now? Everything across the board from the markets, the banking systems, the shipping ports, and to the people are turning to gold to deflate an inflated economy.
Through Tokenized Assets, our Global Economies will have a real value on every product that can be bought and sold including Forex opportunities.
I look to see these opportunities begin to shift in July for Vietnam as they become a Market Economy. Can it happen before that time? English News Central Banking English News 2 Wikipedia
We are about to find out.
© Goldilocks
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We finally have some prices placed on the US Debt Clock. It has been empty for some time. In fact, many countries in the East have been wondering when those numbers would show up. Well, they are here now.
This doesn't mean that these are prices that are set in stone. It just means they are prices to work from going forward as our world resets the price of gold and reclassifies gold as money. https://www.usdebtclock.org/
Gold will set us free!
© Goldilocks
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It is the revaluation of Gold that will set the tone for the new economy. It will determine, to some degree, the price of all goods and services across all asset classes. © Goldilocks
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MiCA Regulations Force Binance to Overhaul Stablecoin Services |Finance Magnates
"Starting June 30, 2024, the European Economic Area (EEA) will enforce new regulations under the Markets in Crypto-Assets (MiCA) framework, specifically targeting stablecoins. Binance, one of the world's largest cryptocurrency exchanges, plans to roll out changes to ensure compliance, impacting everything from trading to rewards.
Only regulated companies can issue and offer stablecoins, termed regulated stablecoins. Many existing stablecoins do not meet these criteria and will be designated as unauthorized stablecoins, facing various restrictions on Binance's platform, the cryptocurrency exchange said in a statement on its website."
Remember, stablecoins represent a country's currency. The new regulations will be going into effect on June 30th, 2024.
This will begin to determine new prices in the new digital economy regarding trade relations around the world.
An increase in demand for local currencies around the world that have moved from a dollar regimen to a local currency regiment will begin.
This is when credit valuation adjustments begin. It does not mean new rates will happen overnight. In fact, to determine new price correlations on the market requires algorithmic patterns to set in that become normalized.
Watch the water.
© Goldilocks
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EXCELLENT NEWS Iraq's Leap in Electronic Banking |Youtube
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Next generation correspondent banking |BIS
Existing correspondent banking processes have struggled to adapt to new regulatory and supervisory requirements, posing questions on the future of the correspondent banking model.
The tokenization of correspondent banking, as embodied in Project Agorá (BIS (2024b)), could unlock streamlined pre-screening and atomic settlement, and pave the way for superior customer verification and anti-money laundering (AML) procedures.
Tokenization could substantially reduce duplication and miscoordination, thereby revitalising cross-border payments by fostering a robust network of correspondents and corridors.
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Russia and China 'close' to replacing SWIFT — business regulator. |Azerbaycan24
👆 Goldilocks pointed to this article
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Sexy Bank Deals, Ripple Story, How to Distribute the XRP Escrow, When Smart Contracts on XRP Ledger |Youtube
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Swift Unveils AI Pilots to Combat Cross-Border Payment Fraud -Fintech Singapore
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Event: Hearing Entitled: Next Generation Infrastructure: How Tokenization of Real-World Assets Will Facilitate Efficient Markets |Financial Services.House
When:Wednesday, June 5, 2024 9:00 AM in 2128 Rayburn House Office Building
What: Subcommittee on Digital Assets, Financial Technology and Inclusion
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UAE Central Bank Approves Issuance of Stablecoin Regulation |Cryptopolitan
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BREAKING NEWS TURKEY SAYS BRICS COULD OFFER A GOOD ALTERNATIVE TO THE EUROPEAN UNION TO BOOST ITS ECONOMIC PROSPECTS Awkward…
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If Russia Accepts Gold for Oil, Gold Price Doubles to $3,600, Says Credit Suisse’sZoltan Pozsar |BMG Group
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WATCH HERE
Power of copper = Free Healing ⚡️Copper + Gardening -
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Summary / Status Iraqi Dinar ReValue IQD VND Exchange Rates |Youtube
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THE U.S. GOVERNMENT WILL REPLACE SWIFT WITH RIPPLE XRP |Youtube
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BOOOOOOOOOOOOOOOOOOM!!! Brad Garlinghouse indirectly says that the case will end this summer with the payment of a fine in the millions, not billions. #XRP would be the first FULLY regulated digital asset in the United States of America! |
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Iraq Economic News & Points to Ponder Tuesday Afternoon 6-4-24
Currency Auction: Central Bank Sales Exceeded $278 Million Today
Economy | 04/06/2024 Baghdad - Mawazine News Tuesday, the Central Bank of Iraq sold more than 278 million dollars through an auction for selling American currency.
The total internal cash withdrawals amounted to $23,320,000, while the total amounts of transfers abroad, which include remittances and credits, amounted to $255,513,388, while the total sale amounted to $278,833,388.
Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 255 million 513 thousand and 388 dollars, an increase of 91% over cash sales amounting to 23 million and 320 thousand dollars.
Iraq Economic News & Points to Ponder Tuesday Afternoon 6-4-24
Currency Auction: Central Bank Sales Exceeded $278 Million Today
Economy | 04/06/2024 Baghdad - Mawazine News Tuesday, the Central Bank of Iraq sold more than 278 million dollars through an auction for selling American currency.
The total internal cash withdrawals amounted to $23,320,000, while the total amounts of transfers abroad, which include remittances and credits, amounted to $255,513,388, while the total sale amounted to $278,833,388.
Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 255 million 513 thousand and 388 dollars, an increase of 91% over cash sales amounting to 23 million and 320 thousand dollars. https://www.mawazin.net/Details.aspx?jimare=249148
The Dollar Continues To Rise In Local Markets
Economy | 04/06/2024 Baghdad - Mawazine News Tuesday, the exchange rate of the dollar against the dinar recorded a new high for the second day in a row on the main stock exchange in the capital, Baghdad.
The price of the dollar on the Al-Kifah and Al-Harithiya stock exchanges recorded 145,850 thousand dinars for every 100 dollars.
Prices stabilized in banking shops in local markets in Baghdad, with the selling price reaching 146,750 dinars, while the purchasing price reached 144,750 dinars for every 100 dollars.”
https://www.mawazin.net/Details.aspx?jimare=249129
Central Oil: The Prime Minister Stressed The Optimal Investment Of Energy And Fuel In Iraq
Energy Economy News _ Baghdad The Central Oil Company confirmed today, Tuesday, that exploratory blocks need time to study, evaluate, and learn their properties, while pointing to Prime Minister Muhammad Shiaa Al-Sudani’s emphasis on the optimal investment of energy and fuel in Iraq.
The company’s general manager, Muhammad Yassin Hassan, said in an interview with the Iraqi News Agency, followed by Al-Iqtisad News, that “Middle Oil is the largest exploratory and extractive area and area in oil companies, and the distribution was qualitative, as the fields and patches were distributed to all governorates, which contributes to Producing oil or gas in more than one governorate, thus increasing the spread or distribution of employment in Iraq, and reducing unemployment in the governorates.”
Hassan added, "The choices were for the gas to be close to the power stations, to achieve what the Prime Minister stressed about optimal investment of energy and fuel in Iraq."
He pointed out that "most of the patches currently offered are exploratory patches, and therefore require a long time and studying and evaluating the reservoirs to discover the reservoirs and know their properties, whether they are oil or gas."
He explained that "in establishments and fields operating in the natural gradient, there is a decline in production after a period of time following the peak, and therefore the discovery of fields near them is an important event that contributes to the sustainability of production in the governorates, and therefore the ministry must initiate referrals early to sustain production."
He pointed out that "the government's plan on the part of the Ministry of Oil is to deal with the government program accurately and professionally by distributing production and extraction in all governorates in order to distribute social benefits and reduce unemployment." Views 64 06/04/2024 - https://economy-news.net/content.php?id=44010
Iraq Exports More Than 7 Million Barrels Of Crude Oil And Its Derivatives To America In A Month
Energy Economy News _ Baghdad The US Energy Information Administration announced on Tuesday that Iraq exported more than 7 million barrels of crude oil and its derivatives to the United States during the month of March of this year.
An administration table, seen by Al-Iqtisad News, showed that Iraq's exports of oil and its derivatives in the month of March amounted to 7.75 million barrels, an increase of 2.395 million barrels from what they recorded in February, when they reached 4.680 million barrels.
The US Energy Information Administration stated that OPEC's exports of crude oil and its products to America during February amounted to 38 million and 69 thousand barrels, with Saudi Arabia having the highest rate of exports to America, reaching 11 million and 559 thousand barrels during the same time period.
Iraqi oil exports to the United States have increased significantly over recent years, with export numbers in some months reaching record levels, partly due to Iraq's ability to increase its oil production, in addition to rising global demand for oil.
Oil trade relations between Iraq and the United States play an important role in strengthening economic relations between the two countries. They also contribute to enhancing the stability of the global oil market and providing energy to the American and global economies. Views 74 06/04/2024 - https://economy-news.net/content.php?id=44001
Al-Sudani: Ending UNAMI’s Work Does Not Mean Breaking With The United Nations And Specialized International Agencies
Tuesday 04, June 2024 | Political Number of readings: 136 Baghdad / NINA / Prime Minister Muhammad Shiaa Al-Sudani confirmed that the UN Security Council’s decision to set a date for ending the work of the UNAMI mission in Iraq at the end of the year 2025 does not mean a break with the United Nations and specialized international agencies.
The Prime Minister said in his speech during the Council of Ministers session today: “The Security Council’s recent decision to end the work of the UNAMI mission came at the request of the government, and it represents international recognition of the progress made on the Iraqi scene in all fields.”
He added: "International organizations have reached a positive performance assessment of Iraq that supports stability," pointing out that "ending UNAMI's work does not mean a break with the United Nations and specialized international agencies."
The Prime Minister pointed out in his speech: “Iraq is the cornerstone of any stability process in the region.”/End 7 https://ninanews.com/Website/News/Details?Key=1130595
Announcing the establishment of the Iraqi-French Business Council on the sidelines of the Iraqi-French Economic Forum
Tuesday 04, June 2024 | Economical Number of readings: 354 Baghdad / NINA / The Department of Foreign Economic Relations in the Ministry of Commerce announced the establishment of the Iraqi-French Business Council on the sidelines of the Iraqi-French Economic Forum late last May.
A statement by the Ministry’s media office said: “The activities of the forum were organized by the Embassy of the Republic of Iraq in Paris in cooperation and coordination with the Commercial Mission in Paris, the French Ministry of Foreign Affairs, and the French Employers Association MEDEF for the period from the twenty-ninth to the thirty-first of last May.”
The statement continued: “The forum was attended by Governmental bodies and the Iraqi private sector, and on the French side, the Minister Delegate for Foreign Trade, Attraction, Francophonie, and French people abroad, in addition to other official figures, with the participation of Iraqi and French companies from the public and private sectors, and a large number of researchers, interested parties, and media professionals.
The statement indicated: “The launch of the work of this economic forum comes within the efforts of the Iraqi government and the Ministry of Commerce to implement the Iraqi-French strategic agreement signed between the two countries last year in order to develop trade and economic relations between the two friendly countries.
The statement stressed:” The commercial attaché played a pivotal and prominent role. In coordination with French banks, owners of companies, factories, investors, industrialists, and parties influencing French commercial and economic decisions, by bridging viewpoints to open broader commercial cooperation horizons by inviting them to participate in the forum. /End 3
https://ninanews.com/Website/News/Details?key=1130529
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
Provoking Thoughts and Points to Ponder on Wealth
The first wealth is health.-Ralph Waldo Emerson
The smell of profit is clean and sweet, whatever the source.-Juvenal
There are few sorrows, however poignant, in which a good income is of no avail. -Logan Pearsall Smith
The human race has had long experience and a fine tradition in surviving adversity. But we now face a task for which we have little experience, the task of surviving prosperity. -Alan Gregg
Riches enlarge, rather than satisfy appetites.-Thomas Fuller
Australia is so kind that, just tickle her with a hoe, and she laughs with a harvest. -Douglas Jerrold
It is better to live rich than to die rich.-Samuel Johnson
We can have democracy in this country or we can have great wealth concentrated in the hands of a few, but we can't have both.-Louis D. Brandeis
I am opposed to millionaires, but it would be dangerous to offer me the position.-Mark Twain
Sleep, riches and health to be truly enjoyed must be interrupted.-Jean Paul Richter
The wealth of a nation consists not in its mass of material things, but in its system. The natural resources of South America are not inferior to those of the United States, but the wealth of the two regions is vastly different. The land of India is far richer than that of Japan, but the comparative wealth of the two nations is reversed.-George Brockway
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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20
TNT: Tishwash: Al-Sudani: Iraq has many investment opportunities offered to international companies
Prime Minister Muhammad Shiaa Al-Sudani confirmed, today, Tuesday, that Iraq has many investment opportunities offered to international companies.
Al-Sudani’s media office said in a statement received by {Al-Furat News}, “The latter received the British Ambassador to Iraq, Stephen Hitchen, and during the meeting, they discussed bilateral relations between Iraq and the United Kingdom, and mechanisms for working to strengthen and expand them in various fields, in a way that achieves mutual benefit and interests.” shared between the two countries.
The Prime Minister stressed that "Iraq has many investment opportunities presented to international companies, welcoming the participation of British institutions and companies in various sectors, especially the sectors of energy, industry, agriculture, and other vital sectors."link
TNT:
Tishwash: Al-Sudani: Iraq has many investment opportunities offered to international companies
Prime Minister Muhammad Shiaa Al-Sudani confirmed, today, Tuesday, that Iraq has many investment opportunities offered to international companies.
Al-Sudani’s media office said in a statement received by {Al-Furat News}, “The latter received the British Ambassador to Iraq, Stephen Hitchen, and during the meeting, they discussed bilateral relations between Iraq and the United Kingdom, and mechanisms for working to strengthen and expand them in various fields, in a way that achieves mutual benefit and interests.” shared between the two countries.
The Prime Minister stressed that "Iraq has many investment opportunities presented to international companies, welcoming the participation of British institutions and companies in various sectors, especially the sectors of energy, industry, agriculture, and other vital sectors."link
Tishwash: Nearly 80 trillion dinars disappear from the 2022 and 2023 budget.. Deputy: “No one knows where it went.”
Member of the Parliamentary Integrity Committee, Hadi Al-Salami, revealed today, Tuesday, that about 57 trillion Iraqi dinars remain from the 2023 budget, and no one knows where it went.
Al-Salami said, “The 2023 budget amounted to 206 trillion, the actual expenditure was 148 trillion, and the remaining 57 trillion. No one knows where that retained money went.”
He added, "There are 22 trillion in rounds in the 2022 budget as well, and no one knows where it went," noting that "there are problems and irregularities regarding the issue of actual revenues and actual expenses in the budget tables."
He explained, “The House of Representatives made many observations on the budget schedules that were passed without warning.” link
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CandyKisses: Sudani suspends after approving 2024 budget schedules
Baghdad Today - Baghdad
Prime Minister Mohamed Shia Al-Sudani expressed, on Monday (June 3, 2024), his thanks and gratitude to the House of Representatives for its efforts that resulted in the approval of the budget tables.
Al-Sudani said, according to a statement by his media office, received by "Baghdad Today": "With more appreciation and pride, we congratulate the responsible step of the esteemed House of Representatives, represented in approving the budget tables for the year 2024 , related to Law (13 of 2023), the law of the "Federal Budget of the Republic of Iraq for the fiscal years (2023, 2024, 2025).”
He added: "We express thanks and appreciation for the efforts of the Presidency of the House of Representatives, political forces, parliamentary committees, and the Finance Committee, which completed the government effort, and what was previously approved in the Council of Ministers, represented in the budget tables (A, B, C, D, E, and f)."
He continued: "We reaffirm the continuation of the implementation of the government program, which received the vote of the Council of Representatives and the support of political forces, in order to complete the goals and implement the priorities that represent, above all, the aspirations of our Iraqi people and their demands that the government wishes to fulfill."
He added: "On this occasion, we call on the House of Representatives and provincial councils to support the work of the government by following up on the legislative and oversight effort, which our government institutions with all their arms and bodies consider as a support for their work, an evaluation of the path, and a guarantee against corruption, deviation and failure, just as we pledged to our people that there is no place for procrastination, nor courtesy at the expense of people's interests, preserving public money, and implementing service in all its names."
"We ask the Almighty God Almighty for success and repayment to obtain His satisfaction, glory be to Him, and to obtain the satisfaction of our honorable people."
************
Tishwash: Oil prices shock the markets and Brent falls to $77
Oil prices fell in early trading on Tuesday, continuing the losses of the previous session when prices fell to their lowest levels in four months, with investors concerned about increased supplies later in the year.
Brent crude futures fell 20 cents, or 0.3%, to $77.77 per barrel. Brent crude closed below $80 for the first time since February 7, after falling more than 3% yesterday, Monday.
US West Texas Intermediate crude futures fell 17 cents, or 0.2%, to $74.05, and closed near the lowest level in four months yesterday after falling 3.6%.
The Organization of the Petroleum Exporting Countries and its allies led by Russia, known as the OPEC+ group, agreed on Sunday to extend most oil production cuts until 2025, but left room to gradually cancel the voluntary cuts by eight members starting in October.
Signs of weak demand growth have also weighed on oil prices in the past few months, with a focus on data on fuel consumption in the United States.
The average price of gasoline in the United States fell 5.8 cents to $3.50 a gallon yesterday, Monday, according to GasBuddy data. link
Mot ..... Just ASaying -- bet Noone will Notice this Un!!!! Almost summer
Mot: .. Dang - I LOL -- on dis un!!! Hummingbirds
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Militiaman, News Dinar Recaps 20 Militiaman, News Dinar Recaps 20
IQD Update-Iraq Dinar-2024 Budget Passed-Gazzette-Timing-197 Companies Cease Dollar trade by the CBI
MilitiaMan and Crew: 6-3-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
https://www.youtube.com/watch?v=c1gPmW8NWas
IQD Update-Iraq Dinar-2024 Budget Passed-Gazzette-Timing-197 Companies Cease Dollar trade by the CBI
MilitiaMan and Crew: 6-3-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
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News DINARRECAPS8 News DINARRECAPS8
Iraq Economic News and Points To Ponder Monday Evening 6-3-24
Union Of Arab Banks: Iraq Is A Pioneer In Electronic Banking Services
June 3, 2024 Baghdad/Iraq Observer The Union of Arab Banks confirmed today, Monday, that Iraq is a pioneer in electronic banking services, while noting that the Iraqi banking sector is ancient and its role is vital in economic development.
The Secretary-General of the Union of Arab Banks, Wissam Fattouh, said,
“There is deprivation from dealing in the dollar, not sanctions, because sanctions mean inclusion on the sanctions list,” pointing out that
“the effect of deprivation is almost equivalent to sanctions because it is difficult for banks to operate without the dollar currency, which represents... Currency of international trade. Fattouh added,
“The Iraqi banking sector is an ancient sector and has a history, as its total assets amounted to 157.9 billion dollars, and even its deposits amounted to more than 100 billion dollars.”
Iraq Economic News and Points To Ponder Monday Evening 6-3-24
Union Of Arab Banks: Iraq Is A Pioneer In Electronic Banking Services
June 3, 2024 Baghdad/Iraq Observer The Union of Arab Banks confirmed today, Monday, that Iraq is a pioneer in electronic banking services, while noting that the Iraqi banking sector is ancient and its role is vital in economic development.
The Secretary-General of the Union of Arab Banks, Wissam Fattouh, said,
“There is deprivation from dealing in the dollar, not sanctions, because sanctions mean inclusion on the sanctions list,” pointing out that
“the effect of deprivation is almost equivalent to sanctions because it is difficult for banks to operate without the dollar currency, which represents... Currency of international trade. Fattouh added,
“The Iraqi banking sector is an ancient sector and has a history, as its total assets amounted to 157.9 billion dollars, and even its deposits amounted to more than 100 billion dollars.”
Therefore, this sector is important and its role is vital in economic development in the heart of the country.”
He stressed “the necessity of applying international standards, especially with regard to the standards and laws in force to combat money laundering and terrorist financing.” He pointed to
“involving the strategy between the Union of Arab Banks and the Association of Iraqi Private Banks, to reach this truly desired goal, and to train and qualify Iraqi cadres in particular.” He pointed out that
“there has been a great partnership between Iraq and the United States of America for decades and trade exchange, especially after Prime Minister Muhammad Shiaa Al-Sudani made the important historical visit to the United States of America.” He noted that
“the biggest role today is how to protect the Iraqi banking sector, and that trade exchange actually takes place through Iraqi banks and not through other banks.” He continued,
"Iraq is very advanced in electronic banking services, and the challenge today facing the Iraqi banking sector remains the challenge of compliance." https://observeriraq.net/اتحاد-المصارف-العربية-العراق-رائد-في-ا/
Declaration Of Function
June 02, 2024 The Central Bank of Iraq announces the opening of contract employment for the position of cash examiner, provided that applicants for these positions are in accordance with the conditions stated later, with the offer that application will be exclusively via the electronic link:
Conditions for submitting the form:
The applicant must be of Iraqi citizenship.
The applicant must not have been convicted of a crime against honor or trust.
The applicant must have completed eighteen years of age and not exceed twenty-five years.
He must have a certificate (preparatory/intermediate). The application will be ignored if it is proven that the applicant holds a certificate higher than the position for which he is applying.
directions:
Submission will be from Sunday, 6/2/2024, until the end of official working hours on Thursday, 6/6/2024.
It is preferable to use the chrome browser when submitting the form.
Important notes:
The applicant for the job will be ignored in the following cases:
Applying for a job outside his governorate.
The application will be ignored if submitted twice by the same person for any reason.
The application will be ignored if there is a difference between the information entered and the information of the attached documents.
Applications that do not meet the conditions listed above will be ignored.
All information provided by you is subject to audits by the relevant authorities.
Note that the applicant will undergo a test to accept the job.
Form link https://shorturl.at/f4E8W https://docs.google.com/forms/d/e/1FAIpQLSdp-ur9sqLJOkrWmGm3KhhoqehJL2cLcrOFSTQ0dgnHgJpWEg/viewform
Form code https://cbi.iq/news/view/2597
Stop Entering The Foreign Currency Buying And Selling Window
June 03, 2024 It was decided to stop the companies whose details are listed in the table below from entering the foreign currency buying and selling window
~~~~~
[partial and approximate translation of https://cbi.iq/static/uploads/up/file-171741265259795.pdf]
All approved banks
And/stop entering the foreign currency buying and selling window
The details of the suspension of listed companies are provided in the attached table below which begins In sequence (1- Naseem Al-Thalooj General Trading Company) andending in sequence (1171- Company Al-Yaqout General Trading Buildings)» from entering the window for buying and selling foreign currency.
To act accordingly. With appreciation.
[signature] 2024/5/30
[See 7 pages of list of 198 businesses inhttps://cbi.iq/static/uploads/up/file-171741265259795.pdf]
:diamonds: To view the titles and list of companies... click here
Central Bank Of Iraq Strategy: A Strong Boost To The Private Sector And Labor Market
Last updated: June 2, 2024 ndependent/- The Central Bank of Iraq’s bank lending strategy 2024-2029 is an important step towards developing the private sector and stimulating the national labor market.
This strategy aims to increase the credit granted to the private sector and small and medium enterprises, which will contribute to financing new projects in various sectors.
Strategy objectives:
Increasing credit granted to the private sector: The strategy aims to increase credit granted to the private sector by 4% of non-oil GDP by 2029, equivalent to 7 trillion Iraqi dinars.
Supporting small and medium enterprises: The strategy aims to increase the credit granted to small and medium enterprises by 3% of non-oil GDP by 2029, equivalent to 5 trillion Iraqi dinars, which will contribute to financing approximately 100,000 projects.
Improving the business environment: The strategy aims to improve the business environment and attract more local and foreign investors.
Unifying private sector development efforts: The strategy aims to unify private sector development efforts and coordinate them among concerned parties.
The importance of the strategy:
Creating job opportunities: The strategy contributes to creating new job opportunities for Iraqi youth.
Developing the productive and service sectors: The strategy contributes to the development of the productive and service sectors in Iraq.
Stimulating economic growth: The strategy contributes to stimulating economic growth and enhancing financial stability.
Everyone's responsibility:
Financial experts and specialists stress the importance of the combined efforts of all stakeholders for the success of this strategy.
The government, banks, investors, and Iraqi youth must work together to achieve the goals of this strategy and create a better future for Iraq. https://mustaqila.com/ستراتيجية-البنك-المركزي-العراقي-دفعة/
Growth Rate Of Bank Accounts In Iraq
June 02, 2024
The Central Bank of Iraq announced the growth rates of bank accounts for the past years, starting from the year 2018 and ending in the year 2023, which shows the growth rates during the aforementioned period and according to the attached chart. https://cbi.iq/news/view/2599
Central Bank of Iraq information Office June 2, 2024
Growth rate of bank accounts in Iraq Clip_image004 https://cbi.iq/static/uploads/up/file-171732391294036.jpg
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
ProvokingThoughts and Points To Ponder on Advice
Never give advice in a crowd.-Arab proverb
Never give advice unless asked.-German proverb
Whatever advice you give, be short.-Horace
Old men are fond of giving good advice, to console themselves for being no longer in a position to give bad examples.-La Rochefoucauld
We give advice, but we do not inspire conduct.-La Rochefoucauld
Good counsel has no price.-Guiseppe Mazzini
Never advise anyone to go to war or to marry.-Spanish proverb
Many receive advice, only the wise profit by it.-Syrus
Admonish your friends privately, but praise them openly.-Syrus
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KTFA, News Dinar Recaps 20 KTFA, News Dinar Recaps 20
KTFA: Clare: Parliament votes on the 2024 budget schedules
6/3/2024
The Iraqi Parliament voted today, Monday, on the budget schedules for the current year, 2024.
The hours before the vote witnessed controversy within the Parliamentary Finance Committee, as votes were taken twice on the budget tables due to disagreements.
And earlier; Member of the Parliamentary Finance Committee, Saad Al-Tobi, confirmed that the committee voted on the federal budget schedules for the year 2024 without making changes to them, indicating that two trillion dinars had been allocated for transfer between the exchange doors. LINK
DeepWoodz: We have a quorum and a vote. Confirmation that they are all ready to spend spend spend.
KTFA:
Clare: Parliament votes on the 2024 budget schedules
6/3/2024
The Iraqi Parliament voted today, Monday, on the budget schedules for the current year, 2024.
The hours before the vote witnessed controversy within the Parliamentary Finance Committee, as votes were taken twice on the budget tables due to disagreements.
And earlier; Member of the Parliamentary Finance Committee, Saad Al-Tobi, confirmed that the committee voted on the federal budget schedules for the year 2024 without making changes to them, indicating that two trillion dinars had been allocated for transfer between the exchange doors. LINK
DeepWoodz: We have a quorum and a vote. Confirmation that they are all ready to spend spend spend.
Clare: Al-Mandalawi after voting on the budget tables: Parliament will follow up on disbursing the specified financial amounts
6/3/2024
The Acting Speaker of the House of Representatives, Mr. Mohsen Al-Mandalawi, congratulated the approval of the federal general budget schedules for the current year, stressing that the presidency made great efforts with the Parliamentary Finance Committee to expedite its completion and vote on it during the current legislative term, due to its importance in terms of its direct connection to the lives of citizens and its relevance. The document includes strategic, investment and service projects.
Al-Mandalawi said after the end of the voting session on the budget schedules: The House of Representatives will continue to exercise its oversight role to follow up on the disbursem*nt of financial sums according to the specified schedules, and will not allow the people’s money to be lost or wasted, while he expressed his support for the government to continue implementing its reform and service program, and to complete the process of construction, progress, and achieving what is achieved. Dear citizens look forward to it.
The Acting Speaker of the House of Representatives appreciated the great role of the presidency and members of the Parliamentary Finance Committee in discussing and completing the federal general budget schedules for the year 2024, while expressing his thanks to the ladies and gentlemen of the House of Representatives for their valuable suggestions and their keenness to attend and vote on the budget schedules. LINK
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Clare: The Central Bank of Iraq stops 200 companies from dealing in dollars
6/3/2024
Baghdad
Documents issued by the Central Bank of Iraq, obtained by “Baghdad Today”, today, Monday (June 3, 2024), showed a decision to stop 200 exchange and general trading companies from entering the currency auction without explaining the reasons.
To view the list of suspended companies,click here. LINK
************
Clare: After approving the budget... Al-Sudani sends a message
6/3/2024
Prime Minister Muhammad Shiaa Al-Sudani blessed, today, Monday, what he described as the “responsible step” of the House of Representatives, represented in approving the 2024 budget schedules.
Al-Sudani expressed his thanks and appreciation for the efforts of the Presidency of the House of Representatives, the political forces, the parliamentary committees, and the Finance Committee, Which completed the government effort, and what had previously been approved by the Council of Ministers, represented by the budget schedules (A, B, C, D, E, F).
Al-Sudani reiterated his emphasis on "continuing to implement the government program, which received the vote of the House of Representatives and the support of the political forces, in order to complete the goals and implement the priorities that represent, above all, the aspirations and demands of our Iraqi people that they wish the government to fulfill."
The Prime Minister called on the House of Representatives and the provincial councils to "strengthen the government's work by following up on the legislative and oversight efforts, which our government institutions, with all their arms and bodies, view as support for their work, a course correction, and a guarantee against corruption, deviation, and failure." LINK
Clare: The Sudanese financial advisor reveals the date of the government’s implementation of the budget schedules
6/3/2024
A financial advisor to Prime Minister Mazhar Muhammad Saleh revealed the date for the government’s implementation of the financial budget schedules for 2024 approved by the House of Representatives today, Monday.
Mazhar Muhammad Saleh told {Al-Furat News} agency, “Based on the effective constitutional path in issuing legislation, the start of the official implementation of the federal general budget schedules must be accompanied by its approval by the House of Representatives, based on the provisions of Article 77/Second of the Federal General Budget Law No. 13.” For the year 2023 (the tripartite budget), if that approval in the House of Representatives takes the form of (the law) or the form of the amendment to Law No. 13 of 2023 referred to above,
Then those amendments to the original law or the wording of the tables as a new law must in all cases be approved by chance.
The President of the Republic, and then it will be published in the Official Gazette so that the legal procedures can complete all their prescribed paths.”
He pointed out, "After that, the implementation or application phase begins immediately unless there are instructions for implementing the federal general budget schedules for the year 2024, which may be issued by joint instructions between the Ministries of Finance and Planning."
Saleh continued, "Despite this, the important aspect remains that the budget tables for the year 2024 are approved by the legislative authority and are accepted by legislators in the House of Representatives, and then the financial table for the year 2024 is issued and approved under any form of legislation in force, whether issued by a new law or a legislative decision." .
Ragheed LINK
**********
Margarita: Soooo maybe when it is published in the gazzette we get the rate change? i mean frank said it is a line item right?
BuckEyeTree: If I remember correctly from the past, the Gazette is published on Wednesdays and Saturdays in Iraq. Frank is to have next UB2B on Wednesday.
Maybe that is just a coincidence, unless Frank needs to do a short sooner. You never how quickly things may happen in a good way with Sudani at the helm.
************
Clare: Parliamentary Finance for Nina: We approved the budget schedules as received from the government, except for the governorate allocations.
6/3/2024
The Parliamentary Finance Committee announced that the schedules of the general budget law will be passed as soon as a quorum is reached in the House of Representatives session scheduled to be held this evening, Monday.
The Vice Chairman of the Committee, Ahmed Mazhar al-Jubouri, stated in a statement to the National Iraqi News Agency (NINA) that “the Parliamentary Finance Committee met yesterday in the presence of most of its members,” 17 members representing the “Progress, Determination, Sovereignty, and Kurdish blocs,” and representatives of the coordination framework for the Asaib, Badr, and Sindh + 2 blocs in Hajj. The rest did not come."
He explained, “The committee voted absolutely on the general budget schedules after adding 2 trillion dinars to the governorates to be distributed according to population proportions.”
He added, "The tables have been completed and we have submitted the final version to the Presidency of the House of Representatives for a vote on it in today's session, Monday," noting that "Article 77 of the General Budget Law stipulates that the House of Representatives only approves the tables, and there is no so-called technical report for the committee on the general budget tables, other than "It's a novelty."
He continued to say, “The parliamentary committee, in agreement with the government, obligated the government to transfer an amount of two trillion dinars, and it is the one that determines the doors for the transfer” to the government, “and after the allocations to the governorates were 1.5 trillion dinars now, it has become 3.5 trillion dinars, which will be distributed according to the population proportions of the governorates.”
We continued: "We voted on the tables as sent by the government. We only addressed the problem of governorate allocations, but the rest of the paragraphs proceeded as they were received from the government."
Al-Jubouri confirmed, “The Finance Committee has completed its work technically, and will present the budget tables to the House of Representatives to vote on them or not,” noting that “the budget tables will be passed as soon as a quorum is reached within the House of Representatives session, and there is no new meeting of the committee related to voting on the budget tables.” LINK
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Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8
Goldilocks' Comments and Global Economic News Monday Afternoon 6-3-24
Good Evening Dinar Recaps,
Qatar Central Bank Announcement |QNA
Doha, June 02 (QNA) - "Qatar Central Bank (QCB) announced on Sunday the completion of the development of the infrastructure for the Central Bank Digital Currency Project (CBDC)."
Now, they are able to settle their digital payments in local and International Banks. They will be testing more applications going forward, and they will be able to settle in large quantities as well.
Currently, they are in their experimental phase that is expected to last until October this year. It will encompass various tokenized assets in the market and portfolios inside the banking system.
Goldilocks' Comments and Global Economic News Monday Afternoon 6-3-24
Good Evening Dinar Recaps,
Qatar Central Bank Announcement |QNA
Doha, June 02 (QNA) - "Qatar Central Bank (QCB) announced on Sunday the completion of the development of the infrastructure for the Central Bank Digital Currency Project (CBDC)."
Now, they are able to settle their digital payments in local and International Banks. They will be testing more applications going forward, and they will be able to settle in large quantities as well.
Currently, they are in their experimental phase that is expected to last until October this year. It will encompass various tokenized assets in the market and portfolios inside the banking system. QNA
© Goldilocks
~~~~~~~~~
"Louisiana Reaffirms Gold and Silver As Legal Tender"
Louisiana is the latest of many states that have gone through the legislative process to confirm that gold and silver are now considered legal tender and cannot be taxed.
This allows new monetary policies to form an expansive view of precious metals now being incorporated into the payment system as a form of legal tender.
On May 8th, 2024, "U.S. Representative Alex Mooney (R-WV) has re-introduced sound money legislation to remove all federal income taxation from gold and silver coins and bullion."
The Monetary Metals Tax Neutrality Act (H.R. 8279) backed by the Sound Money Defense League is currently on the table to consider precious metals on par with the US dollar.
This will keep money in the hands of the people instead of the federal government who want to grab capital gains tax on the use of what was formerly known as a solid payment system.
At the present time, 40 States have passed some form of Sound Money legislation. The next step is to take these new measures to the Federal Government. Morning Star Money Metals Congress Forbes
Gold will set us free!
© Goldilocks
~~~~~~~~~
The following is a list of recent bank mergers and acquisitions that are currently taking place. This list grows daily, and you can refer to it anytime you like through the link below.
We have talked about this as being part of the end game when we move from Fiat to Gold for the last 3 years.
The banking system is currently in a liquidity crisis that is not being talked about, and many changes are taking place behind the scenes.
I see these bank mergers as part of the process that will move our money into a safer Financial System than before, and one that will meet the needs of the next stage of our evolution financially and spiritually. iBanknet
We are truly witnessing the rebirth of a Global Nation.
© Goldilocks
~~~~~~~~~
"It was decided to stop the companies whose details are listed in the table below from entering the foreign currency buying and selling window"
Iraq is narrowing down the list of companies they will be working with going forward in the buying and selling of their foreign currency.
Many companies buy and sell foreign currencies from around the world. Some companies even go so far as to have some of their people travel to buy currencies from around the world such as Banknote World.
The need for these entities is going away with the new digital banking system. The move to an electronic banking system will soon make these services obsolete after our exchange. CBI Bank Note World
© Goldilocks
~~~~~~~~~
READ HERE
file-171741265259795.pdf
~~~~~~~~~
A financial storm is coming that governments cannot fight |Finance Yahoo
~~~~~~~~~
Aeroponic Farming in India: Simplest and Best Guide Ever |Times of Agriculture
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Ahmed AlKiswani, Qatar Financial Services Sector Leader, PwC Middle East commented: “Qatar is strategically positioning itself asa leading FinTech hub in the Middle East and a pioneer in digital transformation and sustainability within the financial services sector. |PwC
~~~~~~~~~
USD3 Announcement |Crypto Reporter
Fintech companyStable.comannounced the launch of USD3, its 1:1 backed stablecoin, declaring its determination to disrupt the current stablecoin landscape and bring serious competition to existing industry players.
USD3 is a US-dollar extension for global commerce and Web3 and the first stablecoin developed with a programmatic layer in mind and a full suite of payment capabilities and tools. It will act as the digital, tokenized model for fiat money for developers globally building protocols, smart contracts infrastructures, and applications on top of blockchain and will provide them with a solution that is interoperable, safe, trustworthy, and can be used and contributed to by everyone.
It will tremendously simplify life for developers, thanks to how easily it can be integrated into dApps and its ability to speed up fund movements, thus driving the industry further on towards its goal of a more open financial system and creating new use cases. Businesses will leverage USD3 to streamline payments globally and simplify access to crypto capital markets.
USD3 will launch on Ethereum, Polygon, Avalanche, and Linea, and will be supported by a variety of ecosystem leaders.
~~~~~~~~~
‘Hundreds of Trillions’– Sergey Nazarov Says 2024 Is Year Crypto and Global Financial System Merge -The Daily Hodl
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Here’s Everything You Need To Know About Banking-as-a-Service |Inc42
~~~~~~~~~
Currently, we are witnessing the merging of the new digital economy backed by gold. It is a Gold Standard formulated through Digital Protocols.
Both Gold and Digital Assets are in their final phases of legislative development and completion.
Enjoy the show.
© Goldilocks
~~~~~~~~~
VaultChain Gold |Kitco
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LAST WARNING: China Is Ready to Reveal the ENDGAME & Gold Prices Will Soar - Alasdair Macleod |Youtube
~~~~~~~~~
In 1912, American financier and investment banker J.P. Morgan said, “Gold is money.Everything else is credit” during his testimony before Congress.
~~~~~~~~~
"Recently, the U.S. Federal Reserve received multiple suggestions regarding the use ofXRPin apublic questionnaire aboutCBDCs, prompting speculation about the potential integration of this cryptocurrency into the Federal Reserve’s operations." |The Crypto Basic
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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20
TNT: Tishwash: It includes international agencies...preparing to open the largest mall in an Iraqi governorate
The Muthanna Investment Authority announced today, Monday, the imminent opening of (Al-Baraka Mall) in the center of Samawah city, implemented by investor Sheikh Hatem Al-Khawam, and it is considered one of the largest malls in the governorate and neighboring governorates.
Chairman of the Muthanna Investment Authority, Adel Dakhel Al-Yasiri, said, “This important commercial center, which was built on an area of (12,300 square meters), includes (100) various stores, (12) restaurants and hypermarkets with an area of (2,000 square meters), a children’s play area with an area of (1,300 square meters), and a coffee shop.” And branches of several banks and international agencies for clothing and meals, and a garage that can accommodate (80) vehicles, and the implementation of a multi-storey garage is underway in addition to the project to accommodate more vehicles.
He added, "The project employs dozens of workers, including technicians and administrators, daily, while the number will increase during the commercial operation phase." link
TNT:
Tishwash: It includes international agencies...preparing to open the largest mall in an Iraqi governorate
The Muthanna Investment Authority announced today, Monday, the imminent opening of (Al-Baraka Mall) in the center of Samawah city, implemented by investor Sheikh Hatem Al-Khawam, and it is considered one of the largest malls in the governorate and neighboring governorates.
Chairman of the Muthanna Investment Authority, Adel Dakhel Al-Yasiri, said, “This important commercial center, which was built on an area of (12,300 square meters), includes (100) various stores, (12) restaurants and hypermarkets with an area of (2,000 square meters), a children’s play area with an area of (1,300 square meters), and a coffee shop.” And branches of several banks and international agencies for clothing and meals, and a garage that can accommodate (80) vehicles, and the implementation of a multi-storey garage is underway in addition to the project to accommodate more vehicles.
He added, "The project employs dozens of workers, including technicians and administrators, daily, while the number will increase during the commercial operation phase." link
CandyKisses: External praise for Iraq's banks: very advanced in electronic banking services
Economy News - Baghdad
The Union of Arab Banks confirmed on Monday that Iraq is very developed in electronic banking services, while pointing out that the Iraqi banking sector is ancient and its role is vital in economic development.
The Secretary-General of the Union of Arab Banks, Wissam Fattouh: "There is a deprivation of dealing in the dollar and not sanctions, because sanctions mean inclusion on the sanctions list," pointing out that "the impact of deprivation is almost equivalent to sanctions because banks are difficult to work without the dollar currency, which represents the currency of international trade."
Fattouh added, "The Iraqi banking sector is a long-standing sector with a history, with total assets of $ 157.9 billion, and even deposits belonging to it more than $ 100 billion. Therefore, this sector is important and its role is vital in the economic development of the heart of the country."
He stressed "the need to apply international standards, especially with regard to standards and laws in force to combat money laundering and terrorist financing."
He pointed to "the involvement of the strategy between the Union of Arab Banks and the Association of Iraqi Private Banks, to reach this goal that is really required, and to train and qualify Iraqi cadres in particular."
He pointed out that "there is a great partnership between Iraq and the United States of America for decades and trade exchange, especially after Prime Minister Mohammed Shia al-Sudani made an important historic visit to the United States of America."
"The biggest role today is how to protect the Iraqi banking sector, and that trade exchange actually takes place through Iraqi banks and not through other banks," he said.
"Iraq is very advanced in electronic banking services, and the challenge today facing the Iraqi banking sector remains the challenge of compliance," he said.
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CandyKisses: Taif Sami talks about the allocations of the governorates in the budget
Baghdad - Iraq Today:
Finance Minister Taif Sami stressed the ministry's keenness to support all governorates according to what is scheduled in the budget.
The Ministry of Finance explained in a press statement that "Finance Minister Taif Sami received Maysan Governor Habib Zahir Al-Fartousi, to discuss the financial reality of the province and its needs for vital projects."
She added, "The Minister of Finance discussed the most prominent financial challenges facing the province, and ways to address them, as well as a number of projects that the province intends to implement during the coming period."
Sami pointed out, according to the statement, "the ministry's keenness to support all Iraqi provinces as scheduled within the draft general budget, and to provide the necessary facilities for them to implement their projects and improve the level of services provided to citizens."
For his part, the Governor of Maysan expressed his appreciation to the Minister of Finance for its interest in improving the financial and economic reality of the governorate, and its continuous support for the implementation of its projects to achieve sustainable development in it.
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CandyKisses: Political decision fails to pass new budget law
Baghdad - Iraq Today:
The parliamentary finance committee failed to vote on the budget tables in preparation for their presentation in the House of Representatives session scheduled for Monday.
Committee member Mustafa al-Karawi said in a press statement that "the Finance Committee met today, with its full members, in order to vote as a final decision on amending the budget tables, or passing them as they are, but at the last moments of the meeting came the political decision to postpone the vote until further notice to end the meeting without resolving the decision within the committee."
"During the meeting, MPs put forward a number of views on the importance of supporting sectors that suffer from lack of allocations, such as the service sectors, water resources and agriculture, as they are in direct contact with the citizen," al-Karawi said.
He pointed out that "political agreements are disrupting the budget schedules so far," noting that "the failure to resolve the budget schedules file by the Finance Committee, means that the fate of the session to vote on these tables in parliament "will be unknown."
Mot: ........ Tah Dah! –
Mot: .. Welllll - Opal - I Do!!! – LOL
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Militiaman, News Dinar Recaps 20 Militiaman, News Dinar Recaps 20
IQD Update-Iraq Dinar-Accelerate- Digital-Financial-Banking Reforms-Best Budget since 2003-Cash less
MilitiaMan and Crew: 6-2-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
IQD Update-Iraq Dinar-Accelerate- Digital-Financial-Banking Reforms-Best Budget since 2003-Cash less
MilitiaMan and Crew: 6-2-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
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