Iraq Economic News and Points to Ponder Saturday Afternoon 4-27-24
Iraq Economic News and Points to Ponder Saturday Afternoon 4-27-24
Washington Condemns The Attacks On The Kurdistan Region And Affirms Its Support For Achieving Security And Stability In Iraq
Saturday 27, April 2024 18:44 | Political Number of readings: 71 Baghdad / NINA / The US State Department on Saturday strongly condemned the attacks on civilians and energy infrastructure in the Kurdistan region.
The Ministry stated in a statement that it "strongly condemns the attacks on civilians and the energy infrastructure in the Kurdistan region. Our condolences to the families of the victims and wish a speedy recovery to the wounded.
The Ministry affirmed that such attacks affect the sovereignty of Iraq. We encourage the authorities to investigate and bring those responsible to justice."
The US State Department continued. Washington will continue to support the government of Iraq and Kurdistan to achieve Iraqi security and sovereignty./End 8
Iraq Economic News and Points to Ponder Saturday Afternoon 4-27-24
Washington Condemns The Attacks On The Kurdistan Region And Affirms Its Support For Achieving Security And Stability In Iraq
Saturday 27, April 2024 18:44 | Political Number of readings: 71 Baghdad / NINA / The US State Department on Saturday strongly condemned the attacks on civilians and energy infrastructure in the Kurdistan region.
The Ministry stated in a statement that it "strongly condemns the attacks on civilians and the energy infrastructure in the Kurdistan region. Our condolences to the families of the victims and wish a speedy recovery to the wounded.
The Ministry affirmed that such attacks affect the sovereignty of Iraq. We encourage the authorities to investigate and bring those responsible to justice."
The US State Department continued. Washington will continue to support the government of Iraq and Kurdistan to achieve Iraqi security and sovereignty./End 8 https://ninanews.com/Website/News/Details?key=1123427
Parliamentary Efforts To Transform Iraq Into A Global Market For Transferring Internet Capacities
Money and business Economy News – Baghdad Today, Saturday, the Parliamentary Finance Committee confirmed that there are efforts to transform Iraq into a global market for transferring Internet capacities.
A statement from the committee, received by “Al-Iqtisad News,” stated that “The Parliamentary Finance Committee, headed by Atwan Al-Atwani, and in the presence of its members, hosted the Minister of Communications, Hiam Al-Yasiri, to discuss ways to advance the reality of the communications sector in Iraq and raise the level of services provided to citizens, because of its direct impact on economic development.” ".
The statement added, "The meeting discussed the most prominent problems facing the ministry's work and the possibility of providing it with the necessary support in order to implement the provisions of the government program related to the communications sector."
Al-Atwani stressed, “the necessity of advancing the communications sector and developing electronic services,” stressing, “the Parliamentary Finance Committee’s keenness to review what has been implemented, as stipulated in Paragraph 17 of the Federal Budget Law (2023-2025), regarding increasing communications revenues and improving the quality of services.”
He added, “We rely a lot on the Ministry of Communications, to be the second financial resource for the state after oil.”
Al-Atwani stressed, “The necessity of digital transformation in all sectors, including customs and ports, and this requires securing and improving Internet service, continuously and without interruption, in a manner that is consistent with the government’s endeavor to automate these sectors and undermine the outlets for corruption.”
He warned, "The hosting also comes to identify the ministry's needs, in preparation for including them in the 2024 budget schedules, the schedules of which are expected to reach the Finance Committee next week."
Al-Atwani pledged to “adopt the demands and proposals put forward by the Minister before the Finance Committee, including providing the necessary financial allocations to develop communications infrastructure, ensuring the expansion of port gates in light of the increasing demand for this service, in addition to purchasing advanced devices to block websites targeting Iraqi society, as well as By giving the Ministry the authority to collect fees for commercial advertisements on social media sites and to prosecute violators.
The Chairman of the Finance Committee stressed, "The necessity of completing the steps to transform Iraq into a global market for transferring Internet capacities by attracting customers, after the submarine cable service entered the commercial operation phase, which brings significant revenues to the state." Views 54 04/27/2024 - https://economy-news.net/content.php?id=42902
More Than A Billion Dollars In Sales From The Iraqi Central Bank Within A Week
Money and business Economy News – Baghdad The Central Bank of Iraq's total sales of hard currency for the US dollar during the last week in which the auction was opened amounted to more than one billion dollars.
During the past week, the Central Bank sold one billion and 348 million and 235 thousand and 509 dollars, at a daily rate of 276 million and 847 thousand and 19 dollars, lower than what it recorded last week, which amounted to one billion and 354 million 297 thousand and 9 dollars.
The highest dollar sales were for Wednesday of last week, when sales amounted to 282 million, 624 thousand and 465 dollars, while the lowest sales were for Sunday of the week, when sales amounted to 270 million, 897 thousand and 422 dollars.
Foreign remittance sales during the past week amounted to 1,317,475,000 dollars, an increase of 95% compared to cash sales, which amounted to 66,760,000 dollars. 864 views 04/27/2024 - https://economy-news.net/content.php?id=42895
Dollar Prices Are Witnessing A Slight Decline In Baghdad Markets
Economy | 11:49 - 04/27/2024 Mawazine News – Baghdad The exchange rates of the dollar against the dinar recorded a slight decrease today, Saturday, in the local markets in the capital, Baghdad.
The main Kifah and Harithiya stock exchanges opened in Baghdad, recording a price of 146,250 dinars for every 100 dollars.
As for “selling prices in exchange shops in the local markets in Baghdad decreased, as the selling price reached 147,250 dinars, while the purchase price reached 145,250 dinars for every 100 dollars.” https://www.mawazin.net/Details.aspx?jimare=246794
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
Provoking Points To Ponder on Failures and Mistakes
Failure at a task may be the result of having tackled it at the wrong time.- Brendan Francis
We fail more often by timidity than by over-daring.- David Grayson
Failure is more frequently from want of energy than want of capital.- Daniel Webster
Losers have tons of variety. Champions take pride in just learning to hit the same old boring winners.- Vic Braden
Lack of will power has caused more failures than lack of intelligence or ability.- Flower A. Newhouse
The word fate ... is the refuge of every self-confessed failure.- Andrew Soutar
http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html
Goldilocks' Comments and Global Economic News Saturday Evening 4-27-24
Goldilocks' Comments and Global Economic News Saturday Evening 4-27-24
Good Evening Dinar Recaps,
CFTC to Hold a Commission Open Meeting April 29. On April 22, Chairman Rostin Behnam announced the Commission will hold an open meeting on Monday, April 29 at 9:30 a.m. (EDT) at the CFTC’s Washington, D.C. headquarters. The Commission will consider Final Rule “Capital and Financial Reporting Requirements for Swap Dealers and Major Swap Participants” and Final Rule “Adopting Amendments to the Large Trader Reporting Rules for Futures and Options.” 👆The above meeting has been canceled, and the CFTC has decided to speed up the process in moving this through the system inside a Commission’s seriatim process. The Commission's seriatim process is the process by which the Commission takes collective action without convening a meeting of the Commissioners. So, the capital and reporting requirements for swap dealers and participants along with adopting amendments to the large trader reporting rules for Futures and Options have been moved to the Final Rule.
Goldilocks' Comments and Global Economic News Saturday Evening 4-27-24
Good Evening Dinar Recaps,
CFTC to Hold a Commission Open Meeting April 29. On April 22, Chairman Rostin Behnam announced the Commission will hold an open meeting on Monday, April 29 at 9:30 a.m. (EDT) at the CFTC’s Washington, D.C. headquarters. The Commission will consider Final Rule “Capital and Financial Reporting Requirements for Swap Dealers and Major Swap Participants” and Final Rule “Adopting Amendments to the Large Trader Reporting Rules for Futures and Options.”
👆The above meeting has been canceled, and the CFTC has decided to speed up the process in moving this through the system inside a Commission’s seriatim process.
The Commission's seriatim process is the process by which the Commission takes collective action without convening a meeting of the Commissioners.
So, the capital and reporting requirements for swap dealers and participants along with adopting amendments to the large trader reporting rules for Futures and Options have been moved to the Final Rule.
Final Rule is the implementation phase of the legislative process, so it doesn't look like we're going to wait until May 13th for this to move into the implementation stage. CFTC Gibson Dunn SEC
Yes, this is regarding our ability to exchange Foreign Currency.
© Goldilocks
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"Temenos (SIX: TEMN) today announced that National Bank of Iraq (NBI), part of the Capital Bank Group, has successfully gone live with Temenos core banking and payments."
National Bank of Iraq and Temenos have partnered together to transition the Iraqi Banks from Legacy Systems to a Unified Core Banking and Payments Platform.
Core Banking is the back-end processing of transactions including deposits, loans, and credit processing.
This integration will streamline operations and accelerate product development for customers across the Capital Bank Group. The Capital Bank Group globally connects Iraqi banking systems.
Temenos digital products are adaptable and scalable that will allow them to work inside an Open Banking System. This new upgrade will allow Iraq to trade with Global Financial Institutions around the world. Fintech Global HCL Tech Temenos
© Goldilocks
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When Gold & Commodities Explode, Currencies Implode w/ Bill Holter | Youtube
When gold and other commodities explode to the upside, currencies begin to collapse within themselves.
This is when credit valuations begin to be measured and implemented based on new price patterns developing on the market. It is a result of old calculations and correlations falling apart.
Here, we will see currency interventions take place after the de-dollarization process provides a bridge to the new digital gold standard economy.
© Goldilocks
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The Federal Deposit Insurance Corporation on Friday said that Republic First Bank has been closed by Pennsylvania state regulators, in what the FDIC said was the first US bank failure this year. | CNN
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Air Zimbabwe Embraces ZiG Currency | Pindula
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House and Senate race to approve stablecoin legislation as interest rises | Kitco
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Chinese Investment Gold Demand Soars - Numismatic News
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HKMA Proposes Revisions to E-banking Risk Management Requirements | РИСК-АКАДЕМИЯ - АНО ДПО ИСАР | Regulation Asia
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WASHINGTON — The G7 Cyber Expert Group completed a cross-border coordination exercise on 17 April 2024. G7 authorities routinely exercise to ensure they can effectively coordinate and communicate their response in the event of a widespread cyber incident affecting the financial system. | Treasury Press Release
👆 Goldilocks pointed to this article
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Spot Crypto ETFs Set To Begin Trading in Hong Kong Next Week: Report | Daily Hodl
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4/27/2024 MissiOkie's husband Charlie passed. He was in peace and so is MissiOkie. Please pray for MissiOkie and the family. God Bless
MissiOkie is the Seeds of Wisdom Team Coordinator!
Seeds of Wisdom Team Prayer Room Link
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Basel Committee on Banking Supervision Announcement:
"BCBS will also publish new proposed guidelines for banks in the coming week on counterparty credit risk management." Capital
😔 More on this tomorrow...
© Goldilocks
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The IMF's Warning to the United States- How US Overspending Affects Gold & Crypto | Youtube
👆 Do you see how inflation is pushing people like you and me into gold and crypto adoption?
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👆 more on this tomorrow ...
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Taxing Unrealized Gains Would Obliterate The U.S. Economy | ZeroHedge
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Franklin Templeton launches Ethereum ETF, listed on DTCC | CoinTelegraph
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DTCC rules out collateral for Bitcoin-linked ETFs | CoinTelegraph
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Thank you Dinar Recaps
Iraqi Dinar Today Video Updates Saturday Afternoon 4-27-24
Iraqi Dinar Today Video Updates Saturday Afternoon 4-27-24
Its, Time To Exchange Your Vietnam Dong, Zimbabwe Zim & Iraqi Dinar – 2:43
WOW CBI Announced IQD RV And New Exchange Rate – 4:13
Chase Bank Showing Up IQD New Exchange Rate On Screen – 3:40
Finally Dinar Current RV Exchange Your Iraqi Dinar Old 25,000 Notes – 3:46
Iraqi Dinar Today Video Updates Saturday Afternoon 4-27-24
Its, Time To Exchange Your Vietnam Dong, Zimbabwe Zim & Iraqi Dinar – 2:43
WOW CBI Announced IQD RV And New Exchange Rate – 4:13
Chase Bank Showing Up IQD New Exchange Rate On Screen – 3:40
Finally Dinar Current RV Exchange Your Iraqi Dinar Old 25,000 Notes – 3:46
Its, Time To Exchange Your Vietnam Dong, Zimbabwe Zim & Iraqi Dinar – 2:43
WOW CBI Announced IQD RV And New Exchange Rate – 4:13
Chase Bank Showing Up IQD New Exchange Rate On Screen – 3:40
Finally Dinar Current RV Exchange Your Iraqi Dinar Old 25,000 Notes – 3:46
Saturday Night “Humor While We Wait” Posted by Mot at TNT
Mot: RED SKELTON'S RECIPE FOR THE PERFECT MARRIAGE
1. Two times a week we go to a nice restaurant, have a little beverage, good food and companionship. She goes on Tuesdays, I go on Fridays.
2. We also sleep in separate beds. Hers is in California and mine is in Texas.
3. I take my wife everywhere, but she keeps finding her way back.
4. I asked my wife where she wanted to go for our anniversary. "Somewhere I haven't been in a long time!" she said. So I suggested the kitchen.
5. We always hold hands. If I let go, she shops.
6. She has an electric blender, electric toaster and electric bread maker. She said "There are too many gadgets, and no place to sit down!" So I bought her an electric chair.
Mot: RED SKELTON'S RECIPE FOR THE PERFECT MARRIAGE
1. Two times a week we go to a nice restaurant, have a little beverage, good food and companionship. She goes on Tuesdays, I go on Fridays.
2. We also sleep in separate beds. Hers is in California and mine is in Texas.
3. I take my wife everywhere, but she keeps finding her way back.
4. I asked my wife where she wanted to go for our anniversary. "Somewhere I haven't been in a long time!" she said. So I suggested the kitchen.
5. We always hold hands. If I let go, she shops.
6. She has an electric blender, electric toaster and electric bread maker. She said "There are too many gadgets, and no place to sit down!" So I bought her an electric chair.
7. My wife told me the car wasn't running well because there was water in the carburetor. I asked where the car was. She told me, "In the lake."
8. She got a mud pack and looked great for two days. Then the mud fell off.
9. She ran after the garbage truck, yelling, "Am I too late for the garbage?" The driver said, "No, jump in!".
10. Remember: Marriage is the number one cause of divorce.
11. I married Miss Right. I just didn't know her first name was 'Always'.
12. I haven't spoken to my wife in 18 months. I don't like to interrupt her.
13. The last fight was my fault though. My wife asked, "What's on the TV?"
I said, "Dust!".
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Mot: The woman shut up, and quietly sat down as though in a daze.
After 30 years of marriage, a husband and wife went for counseling.
The wife went into a tirade, listing every problem they had ever had in the years they had been married.
On and on and on, she went: neglect, lack of intimacy, emptiness, loneliness, feeling unloved and unlovable, an entire laundry-list of unmet needs she had endured.
Finally, the therapist (who, BTW, is a man), got up, walked around the desk and, after asking the wife to stand, he embraced and kissed her, long and passionately, as her husband watched -- with a raised eyebrow.
The woman shut up, and quietly sat down as though in a daze.
The therapist turned to the husband and told him, "This is what your wife needs at least three times a week. Can you do this?"
"Well, I can drop her off here on Mondays and Wednesdays, but on Fridays, I play golf!"
Mot: .. Ya Knows this Marital Thingy! - Careful What Ya Agreeee to!!! K!
Mot: . Seasoning Cums at Ya frum Allll Angles!!!!
Mot: . Gotta Love Earl!! --- LOL
Economist’s “News and Views” Saturday 4-27-2024
PROOF The U.S. Economy In Worse Shape Than We’ve Been Told
Atlantis Report: 4-26-2024
In a country that prides itself on openness and responsibility, a concerning reality has emerged: the actual state of the U.S. economy may be significantly worse than what official reports suggest.
Recent reports have raised concerns about the nation's financial stability. These reports have challenged the optimistic projections and cautious hope that have been dominant.
The warning signs are increasing and point toward an economy that could be on the edge of a crisis. This crisis could have far-reaching implications for both households and businesses.
Among the concerns are stagnant wage growth and skyrocketing consumer debt.
PROOF The U.S. Economy In Worse Shape Than We’ve Been Told
Atlantis Report: 4-26-2024
In a country that prides itself on openness and responsibility, a concerning reality has emerged: the actual state of the U.S. economy may be significantly worse than what official reports suggest.
Recent reports have raised concerns about the nation's financial stability. These reports have challenged the optimistic projections and cautious hope that have been dominant.
The warning signs are increasing and point toward an economy that could be on the edge of a crisis. This crisis could have far-reaching implications for both households and businesses.
Among the concerns are stagnant wage growth and skyrocketing consumer debt. With the November elections approaching, these reports have raised red flags and have severe economic implications.
Start Of Financial Crisis? Former FDIC Chief: Banks Are Still ‘Vulnerable’ | Thomas Hoenig
David Lin: 4-27-2024
Thomas Hoenig, former President of the Kansas City Fed (1991-2011), former Vice Chairman of the FDIC (2012-2018), and currently the Distinguished Senior Fellow at the Mercatus Center, says that the banking system is still "vulnerable".
Two days after the filming of this interview, regulators closed Philadelphia-based Republic First Bank on April 26.
Hoenig also discusses his outlook on the economy, inflation, and monetary policy.
*This video was recorded on April 24, 2024
1:30 - Banking sector still 'vulnerable'
12:30 - Bank run and financial collapse
14:50 - FDIC and cryptocurrency
18:05 - Inflation outlook
22:54 - Fed cuts this year?
24:10 - Why have a 2% inflation target?
28:39 - QE and inflation
29:54 - Fed policy and other central banks
31:50 - QT and asset prices
32:47 - Fed's forward guidance
36:00 - How Fed decisions are made
37:00 - Politics and the Fed
37:34 - Fed's performance in 2024
ALERT! Bank Failures Begin & as FDIC Hiding 1,000's of Insolvent Banks! GOT SILVER?!
(Bix Weir) 4-27-2024
The flood gates are open for the 2024 Global Banking Collapse! Republic First Bank just went belly up and the FDIC organized another stealth uninsured depositor bailout costing the Deposit Insurance Fund $667M.
There are Thousands of more banks in line to be shutdown before the end of the year so make sure you are OUT OF THE BANKING SYSTEM!
More News, Rumors and Opinions Saturday Afternoon 4-27-2024
TNT:
Tishwash: Sudanese at the Labor Conference: The development path is the first of its kind and will provide great opportunities
Prime Minister Muhammad Shiaa Al-Sudani said today, Saturday, during a speech he delivered at the opening of the Arab Labor Conference in Baghdad, that the development road project is the first of its kind and will provide great opportunities for work through the industries that will take place in the areas through which it will pass.
The text of Sudanese’s speech:
Everyone anticipated congratulations to the workers of the world on their holiday, the first of May, wishing them and their trade union and labor organizations further progress and prosperity.
TNT:
Tishwash: Sudanese at the Labor Conference: The development path is the first of its kind and will provide great opportunities
Prime Minister Muhammad Shiaa Al-Sudani said today, Saturday, during a speech he delivered at the opening of the Arab Labor Conference in Baghdad, that the development road project is the first of its kind and will provide great opportunities for work through the industries that will take place in the areas through which it will pass.
The text of Sudanese’s speech:
Everyone anticipated congratulations to the workers of the world on their holiday, the first of May, wishing them and their trade union and labor organizations further progress and prosperity.
The world is witnessing crises whose impact has been reflected on the global economy and the social, psychological and economic situation of the peoples of the Arab Organization, and has negatively affected labor productivity.
The Arab Action Conference held in Baghdad bears additional responsibilities beyond those that previous conferences used to discuss.
It is necessary to work to improve the performance of labor market institutions and elements, and to build a qualitative relationship between educational outcomes and labor market needs.
Women must be attracted to work as a productive force that cannot be stopped, and child labor must be limited.
We stress the importance of adopting new production methods, raising the level of workers and institutions, creativity, innovation, and cooperation with modern technology.
Our current government has launched many strategies and initiatives that will improve the reality of work and workers.
We launched the “National Strategy to Reduce and Prevent Inequalities in the World of Work for 2024-2028” in cooperation with the International Labor Organization.
We launched employment and development initiatives for various categories, foremost of which is the “Riyada” initiative, to qualify young people and introduce them to the labor market.
The youth group represents 60% of our society, and is the backbone of the labor movement.
We established the Iraq Fund for Development with huge capital in order to create an investment environment that provides thousands of job opportunities.
The success of the Baghdad conference depends on the seriousness of the participation of the organizations of the three production parties and on social dialogue.
The government is working on drawing future visions regarding new economic sectors, such as the green economy, the digital economy, the knowledge economy, and the blue economy, that is, water bodies, rivers, and others.
We look forward to building modern business institutions; To achieve a qualitative leap in performance, legislation, oversight and occupational safety in a manner consistent with the goals of sustainable development.
Integration between Arab countries can provide a labor market that accommodates all those capable of working.
We launched the development road project, which will provide many job opportunities, through the industries that will be localized in the areas it passes through. link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Deepwoodz Article: "Governmental and private banks will showcase their services tomorrow during Financial Inclusion Week" They’ve used this term many times but now we have a financial inclusion week?! Nice. We all know the only way to be completely inclusive is to change the rate. It’s also the only way to eliminate the parallel market...The rate is the icing on the completed cake of the MR.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV says the Iraqi banks now have an advanced Swift system for high cash profit handling. FRANK: That's really good because you didn't have that before because you didn't have any high value to your currency. But now you're about to explode it...It's not like you have to read between the lines, just read the lines...
PREPARE NOW for What Comes Next with the U.S. Economy:
Sachs Realty: 4-27-2024
The Federal Reserve will struggle to make the right choice and even then, it won't matter.
Economic reset may be the only option for the U.S. Economy.
MASSIVE Tax HIKES are Coming in 2025 | Biden Budget Proposal Calls for Multiple Tax Hikes
Lena Petrova: 4-26-2024
“Tidbits From TNT” Saturday 4-27-2024
TNT:
Tishwash: In the presence of Nechirvan Barzani and Al-Sudani... the State Administration Coalition holds an “important” meeting
The State Administration Coalition is scheduled to hold an “important” meeting this evening, Saturday, in the presence of the President of the Kurdistan Region, Nechirvan Barzani, and the Prime Minister of the Federal Council, Muhammad Shia al-Sudani.
An informed political source told Shafaq News Agency that the meeting will include discussing a number of political and security files.
Last Wednesday, Kurdistan Regional Presidency spokesman Dilshad Shihab said that the region's president, Nechirvan Barzani, will visit Baghdad soon to attend a regular meeting of the state administration coalition.
At the beginning of this April, the President of the Iraqi Kurdistan Region made a visit to the capital, Baghdad, during which he met with the President of the Republic of Iraq, Abdul Latif Rashid, and the Prime Minister of the Iraqi Federal Prime Minister, Muhammad Shia al-Sudani, and participated in the meeting of the State Administration Coalition and the Coordination Framework.
TNT:
Tishwash: In the presence of Nechirvan Barzani and Al-Sudani... the State Administration Coalition holds an “important” meeting
The State Administration Coalition is scheduled to hold an “important” meeting this evening, Saturday, in the presence of the President of the Kurdistan Region, Nechirvan Barzani, and the Prime Minister of the Federal Council, Muhammad Shia al-Sudani.
An informed political source told Shafaq News Agency that the meeting will include discussing a number of political and security files.
Last Wednesday, Kurdistan Regional Presidency spokesman Dilshad Shihab said that the region's president, Nechirvan Barzani, will visit Baghdad soon to attend a regular meeting of the state administration coalition.
At the beginning of this April, the President of the Iraqi Kurdistan Region made a visit to the capital, Baghdad, during which he met with the President of the Republic of Iraq, Abdul Latif Rashid, and the Prime Minister of the Iraqi Federal Prime Minister, Muhammad Shia al-Sudani, and participated in the meeting of the State Administration Coalition and the Coordination Framework.
During his last visit, President Nechirvan Barzani discussed ways to solve the problems of Erbil and Baghdad, the political situation in Iraq and the Kurdistan Region, and a group of other issues. link
Tishwash: Governmental and private banks will showcase their services during Financial Inclusion Week
Governmental and private banks are preparing to participate tomorrow, Saturday, in Financial Inclusion Week.
The electronic payment systems will review banking services for citizens, including advances and loans, and introduce them to the products offered by these banks in a step to enhance financial inclusion. link
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Tishwash: The Association of Private Banks appreciates the efforts of the government and the Central Bank to create understandings with the Treasury, the Federal Reserve, and international banks
The head of the Iraqi Private Banks Association, Wadih Al-Handal, participated in the Arab Economic Security Forum, which was organized by the Union of Arab Banks in Beirut.
Al-Handal stressed that the forum is being held in complex circumstances and geopolitical changes taking place in the region, and the Arab banking sector has begun to be affected, starting with the State of Iraq, adding that Iraq is still facing major challenges, at various economic levels, including depriving the Iraqi private banking sector of using the dollar, which It has exceeded half of the number of banks operating inside the country, which is a very dangerous indicator, despite the efforts of Iraqi governmental and private institutions to comply with local and international anti-money laundering and terrorist financing laws, but for the first time we are witnessing a clear targeting of the sector, which has begun to affect banking services inside the country, undermine citizen confidence, and hinder... From expanding the proportion of financial inclusion.
He added that these challenges facing the banking sector reaffirm the prominent role played by the Union of Arab Banks, international organizations and Arab banks in coordinating positions and confronting dangers together, noting that our meeting represents an opportunity to cooperate and agree on an action roadmap for the future. Targeting the Iraqi banking sector will not stop within its borders, and may expand at any moment to other countries in light of the regional turmoil.
Al-Handal pointed out that the Association of Private Banks is working with the Iraqi government, the Central Bank, and some local and international institutions, to save the banking sector, and return banks deprived of dealing in dollars to their activities, but this is not enough, but rather requires continuing cooperation with the Arab and foreign banking sector, because the stage of integrating the sector The Iraqi banker with his Arab counterpart must begin quickly, and we are taking great strides in this direction, especially since the Prime Minister, Engineer Muhammad Shiaa Al-Sudani, held dialogues in Washington with the American President and other government officials, who announced in a joint statement the possibility of a group of Iraqi banks returning to dealing. in dollars and support the private banking sector.
Al-Handal appreciated the efforts of the Iraqi government and the Central Bank of Iraq to create deeper understandings with international banks, the Federal Reserve, and the US Treasury to expand the integration of the Iraqi banking sector into the global financial system, in addition to supporting the Iraqi dinar, which led to a gradual rise in its value.
He pointed out that Iraq is witnessing great development in the transition to electronic government and the adoption of electronic payment, and this is what leads to the growth of the digital economy, especially since there is a trend within the country to increase the number of electronic banks, to keep pace with technological development and increase performance. link
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Tishwash: Association of Banks: Iraq is witnessing great development in the transition to electronic government
The Iraqi Private Banks Association confirmed today, Friday, that Iraq is witnessing great development in the transition to electronic government, and while it indicated that government support for the Iraqi dinar led to a gradual increase in its value, it revealed a trend to increase the number of electronic banks to keep pace with technological development and increase performance. .
The president of the association, Wadih Al-Handal, told the Iraqi News Agency (INA) that he “participated in the Arab Economic Security Forum organized by the Union of Arab Banks in Beirut,” pointing out that “the forum is being held in complex circumstances and geopolitical changes taking place in the region, and the banking sector has begun to be affected.” Arab, starting with the State of Iraq.
He added, "Iraq is still facing major challenges at various economic levels, including depriving the Iraqi private banking sector of using the dollar, which has exceeded half the number of banks operating inside the country, which is a very dangerous indicator, despite the efforts of Iraqi governmental and private institutions to comply with laws against money laundering and terrorist financing." Local and international, but for the first time we are witnessing a clear targeting of the sector, which has begun to affect banking services within the country, undermine citizen confidence, and hinder the expansion of financial inclusion.”
He pointed out that "these challenges facing the banking sector reaffirm the prominent role played by the Union of Arab Banks, international organizations and Arab banks in coordinating positions and confronting dangers together," noting that "our meeting represents an opportunity to cooperate and agree on an action roadmap for the future." “The targeting of the Iraqi banking sector will not stop within its borders, and may expand at any moment to other countries in light of the regional turmoil.”
He pointed out that "the Association of Private Banks is working with the Iraqi government, the Central Bank, and some local and international institutions, to save the banking sector and return banks deprived of dealing in dollars to their activities, but this is not enough. Rather, it requires continuing cooperation with the Arab and foreign banking sector, because the stage of merging the banking sector The Iraqi government and its Arab counterpart must begin quickly, and we are taking great steps in this direction, especially since Prime Minister Muhammad Shiaa al-Sudani held dialogues in Washington with the American president and other government officials, who announced in a joint statement the possibility of a group of Iraqi banks returning to dealing in dollars and supporting...
The private banking sector.Al-Handal praised "the efforts of the Iraqi government and the Central Bank of Iraq to create deeper understandings with international banks, the Federal Reserve, and the US Treasury to expand the integration of the Iraqi banking sector into the global financial system, in addition to supporting the Iraqi dinar, which led to a gradual rise in its value."
He continued, "Iraq is witnessing a great development in the transition to electronic government and the adoption of electronic payment, and this is what leads to the growth of the digital economy, especially since there is a trend within the country to increase the number of electronic banks, to keep pace with technological development and increase performance." link
Wellllllllllllllllll - Finally We Knows WHY!!!!
Mot: . Might as well have fun.
7 Key Signs You Can Afford To Do What You Want When You Want
7 Key Signs You Can Afford To Do What You Want When You Want
Cindy Lamothe Fri, Apr 26, 2024,
There is perhaps no greater dream than having the freedom to do what you want when you want. For instance, being able to take that weekend trip, splurge on a fancy new wardrobe, or pay the tab on a large meal without worrying about your bank account.
All of these scenarios come from being financially free.
“Financial independence is a major milestone and something most desire to reach,” said Dayten Rynsburger, chief revenue officer and co-founder of Niche Capital CO.
If you can relate to that — and wonder how you’ll know when you have made it — here are a several key signs according to experts.
You Can Put All Your Bills on Autopay
7 Key Signs You Can Afford To Do What You Want When You Want
Cindy Lamothe Fri, Apr 26, 2024,
There is perhaps no greater dream than having the freedom to do what you want when you want. For instance, being able to take that weekend trip, splurge on a fancy new wardrobe, or pay the tab on a large meal without worrying about your bank account.
All of these scenarios come from being financially free.
“Financial independence is a major milestone and something most desire to reach,” said Dayten Rynsburger, chief revenue officer and co-founder of Niche Capital CO.
If you can relate to that — and wonder how you’ll know when you have made it — here are a several key signs according to experts.
You Can Put All Your Bills on Autopay
“One of my personal favorite benchmarks for financial freedom is when you can place all your bills on autopay and never have to worry about an overdraft,” said Carter Seuthe, CEO of Credit Summit.
“This is sort of a tongue-in-cheek measure, but I think it works. It means you have the financial freedom to know and trust your bills are covered, and that there’s a consistent amount of money in your accounts to allow for this.”
You Don’t Have Debt
“Being debt-free, including paying off all credit card balances, loans and mortgages, indicates financial freedom as it frees up income for other purposes and eliminates the burden of interest payments,” said Michael Benoit, certified finance expert and founder of ContractorBond. “For example, if someone has been able to pay off their student loans and credit card debt, they can now use that money to invest or travel without worrying about payments.”
Jonathan Feniak, general counsel at LLC Attorney, equally notes that having a low debt-to-income ratio is a big sign. “Individuals at the helm of their finances typically have a low debt-to-income ratio. They have managed to significantly pay off their debts or maintain a credit balance that is manageable relative to their earnings.”
He added, “Not all debts are created equal. When you’ve got expensive debts like credit cards and personal loans cleared, it’s a significant step towards financial liberation.”
Check Out: 6 Cheap Hobbies To Start in 2024 That Will Make You Extra Money
You Have an Emergency Fund in Place
“I would point out that having a fully-funded emergency fund, typically covering 3-6 months’ worth of living expenses, provides financial security and peace of mind in case of unexpected expenses or job loss,” said Benoit. “For instance, if someone has an emergency fund and their car breaks down, they can pay for the repairs without going into debt.”
You Have Established Savings and Investments
To Read More:
https://finance.yahoo.com/news/7-key-signs-afford-want-200306383.html
News, Rumors and Opinions Saturday 4-27-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 27 April 2024 Compiled Sat. 27 April 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS(
The Iraqi Dinar was the Kingpin that would launch the Global Currency Reset of 209 countries. “The Governor of the Central Bank of Iraq has told the citizens to prepare for a currency exchange. The citizens of Kurdistan are expecting this by Sat. 27 April.” …TNT Tony
Fri. 26 April : “A banker was advised to have his appointment/exchange personnel available on Sunday the 28th just in case they decide to activate the rate increase so appointments can be scheduled.”
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 27 April 2024
Compiled Sat. 27 April 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS(
The Iraqi Dinar was the Kingpin that would launch the Global Currency Reset of 209 countries. “The Governor of the Central Bank of Iraq has told the citizens to prepare for a currency exchange. The citizens of Kurdistan are expecting this by Sat. 27 April.” …TNT Tony
Fri. 26 April : “A banker was advised to have his appointment/exchange personnel available on Sunday the 28th just in case they decide to activate the rate increase so appointments can be scheduled.”
On Fri. 26 April The National Bank of Iraq Went Live with Core Banking and Payments: https://www.temenos.com/news/2024/04/25/national-bank-of-iraq-goes-live-with-temenos-core-banking-and-payments/
Thurs. 25 April Bruce: A Redemption Staff Leader said that the staff was going in Fri. 26 April to be there for the 800 numbers to come out for Tier4b (us, the Internet Group), with exchange appointments to begin on Sat. 27 April. A Bond Paymaster said that starting Sat. 27 April Kurdistan and the rest of Iraq will have a new Dinar Currency Rate. Tier4b has to be going before Sun. 28 April. On May 8 Iraq will be part of the World Trade Organization.
GCR Recent History: (RUMORS)
On Mon. 22 April the Iraqi Prime Minister turned over the Dinar revaluation to head of the CBI, which provided the new Iraqi Dinar Rate to the IMF, which provided it to the Forex, which had 72 hours to begin trading it on the bank back screens.
Bond Holders have begun to be paid out and made liquid. After 30% of Bond Holders have been paid out, Tier4b (us, the Internet Group) will be notified to set appointments for exchanges.
Redemption Centers and Banks have the new rates on their screens awaiting authorization to begin processing exchanges.
On Thurs. 9 May Iraq would be considered to be a part of the World Trade Organization.
Global Financial Crisis:
Fri. 26 April Former Federal Reserve chairman, Alan Greenspan: “The U.S. can pay any debt it has because we can always print money to do that.” Did you get that? Begs the comments: “Why do we pay taxes if they can just print money?” And “A system built on debt is a castle built on sand. Eventually, the tide comes in.”
Fri. 26 April Philadelphia-based Republic First Bank has been seized by regulators, says the FDIC. In a surprising turn of events, Philadelphia-based Republic First Bank has become the latest casualty in a string of bank failures that have shaken the financial sector since last spring.
The bank, with $6 billion in assets, was seized by regulators due to challenges stemming from the current high-interest rate environment, marking it as the first bank failure of the year.
This event has once again raised concerns about the stability of the banking sector and the potential impact on the global economy.
Read full post here: https://dinarchronicles.com/2024/04/27/restored-republic-via-a-gcr-update-as-of-april-27-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Bruce [via WiserNow] I heard from one of our Iraqi sources today...and he said that starting Saturday, Iraq...will have an all new currency on Saturday...new Iraqi dinar and it's going to have an all new rate Saturday...Now, I don't know if they're gonna put their rate internationally on Saturday. They might...I can only tell you that this is looking very good for us.
Nader From The Mid East Today I was watching the news. I was watching Sudani in the street and it got me all excited. Got me happy. It's been a while we didn't see a leader who cares about the people, who cares about the country...He was walking in the street at least for 2 hours...It's great to see that. He give confidence. It gives hope. I hope he continues like that...It's amazing what's going on in Iraq. I love it.
All Assets (In The System) Will Be Stolen | Bill Holter
Liberty and finance: 4-26-2024
Bill Holter joins us to discuss what could happen in a worst case economic scenario.
Assets remaining within the financial system are at risk, he says, and can legally be stolen to bailout (or bail-in) financial institutions.
FDIC insurance means little, he notes, given that by the time depositors would receive their insured funds, the Dollar could be worthless.
While many people are wary of investing in gold at these all-time high nominal prices, Holter says precious metals still provide insurance against financial chaos.
In addition, he argues the bull market in gold and silver is just getting started.
INTERVIEW TIMELINE:
0:00 Intro
1:30 Too late to buy gold?
5:45 The Great Taking
14:30 Debt crisis
21:00 Gold & silver update
Iraqi Dinar Today Video Updates Saturday AM 4-27-24
Iraqi Dinar Today Video Updates Saturday AM 4-27-24
This Rate 25 dinar = $19 Is Expected IQD Exchange Rate to USD – 3:26
Wells Fargo Bank Iraqi Dinar Exact Value International $4.65 USD – 3:43
It is Amazing IQD RV Going To Happen - 3:00
Iraqi Dinar Today Video Updates Saturday AM 4-27-24
This Rate 25 dinar = $19 Is Expected IQD Exchange Rate to USD – 3:26
Wells Fargo Bank Iraqi Dinar Exact Value International $4.65 USD – 3:43
It is Amazing IQD RV Going To Happen - 3:00
This Rate 25 dinar = $19 Is Expected IQD Exchange Rate to USD – 3:26
Wells Fargo Bank Iraqi Dinar Exact Value International $4.65 USD – 3:43
It is Amazing IQD RV Going To Happen – 3:00
KTFA Friday Night CC: “FRANK26….4-26-24…..A LOT FROM ALAK”
KTFA
Friday Night Conference Call
FRANK26….4-26-24…..A LOT FROM ALAK
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Friday Night Conference Call
FRANK26….4-26-24…..A LOT FROM ALAK
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#