MilitiaMan: Iraq Dinar - IQD - Banks - Merge Regionally - Water - Labor -Jobs - Dinar Value Gradual - Increase

Iraq Dinar - IQD - Banks - Merge Regionally - Water - Labor -Jobs - Dinar Value Gradual - Increase

MilitiaMan and Crew:  4-27-2024

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=-dGS0hVJ1yo

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 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

http://famousquotesandauthors.com/quotes_by_topic.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.

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

“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.

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. 

Iraq Economic News and Points to Ponder Friday Evening 4-26-24

Iraq Economic News and Points to Ponder Friday Evening 4-26-24

Governmental And Private Banks Will Showcase Their Services Tomorrow During Financial Inclusion Week

Time: 04/26/2024 Read: 1,742 times {Economic: Al-Furat News} 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

Economist: There Is Serious Work To Lift US Sanctions On Iraqi Banks

 Economy| 05:04 - 04/25/2024  Mawazine News – Baghdad  The expert in economic affairs, Safwan Qusay,   confirmed that there is a joint committee between the US Federal Reserve and the Iraqi Central Bank in order to lift sanctions on some banks.

 Qusay said, in a televised interview followed by Mawazine News, that  “the joint committee is working to study the activities of the banks sanctioned by the US Federal Reserve.”

He added that  “banks that have worked to purchase equipment or tools from sanctioned countries will have sanctions imposed on these banks.” A fine, indicating that the  government must work to rehabilitate the banking sector so that it is internationally accepted.”

 He pointed out that  “the government of Muhammad Shiaa Al-Sudani directed the formation of a joint committee between the US Federal Reserve and the Iraqi Central Bank in order to move towards lifting sanctions on Iraqi banks and restoring the status of the Iraqi banking sector.” to its global stature. https://www.mawazin.net/Details.aspx?jimare=246721   

The Association of Private Banks appreciates the efforts of the government and the Central Bank to create understandings with the Treasury, the Federal Bank, and international banks 

Economy News – Baghdad  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.

Views 144  04/26/2024 - https://economy-news.net/content.php?id=42858

With The Participation Of The Association Of Private Banks, Investment Opportunities Are On The Table Of A Jordanian-Iraqi Economic Forum Next May

Money  and business  Economy News – Baghdad  The activities of the Economic Forum for Financial, Industrial and Commercial Partnerships between Iraq, Jordan and the region will begin on the fifth of next May, organized by the Iraqi Business Council in Amman, amid great official interest and broad participation from the public and private sectors in the two countries and countries in the region.

According to a statement by the Council, the ministers of industry and electricity from Iraq will participate in the forum, which is organized by the Council in cooperation with the Jordanian and Amman Chambers of Industry, and will be opened at the King Hussein Convention Center in the Dead Sea region, along with ministers from Jordan, business owners, investors, and Arab and foreign companies.

Participating in the forum are also the National Investment Authority in Iraq, the Arab Businessmen Union, the Multilateral Investment Guarantee Agency and the International Finance Corporation of the World Bank Group, the Association of Information and Communications Technology Companies (Intaj), the Association of Iraqi Private Banks, the Jordanian Banks Association, and the Jordanian Corporation for Economic Enterprise Development. (JEDCO), and the Jordanian free and development zones.

The Council organizes the two-day forum, which includes an exhibition for companies and bilateral meetings with decision-makers from the two countries, on the occasion of the Kingdom’s celebrations of the silver jubilee of His Majesty King Abdullah II assuming his constitutional powers.

The forum's working sessions focus on the most prominent investment opportunities in Jordan and Iraq, the prospects for commercial and industrial opportunities in the two countries, the vision of economic modernization, investment in Iraq, investment opportunities in the region, in addition to investment opportunities in the Jordanian free and development zones.

The sessions also focus on the role of the banking sector in providing financial facilities to the industrial, energy, mining, transportation and infrastructure sectors, the role of international institutions in providing financial financing for investment projects, and presenting success stories of Jordanian and Iraqi investment companies.

The Forum seeks to enhance regional integration by building economic interconnection, enhancing cooperation in various sectors, building long-term partnerships, creating sustainable partnerships, deepening mutual understanding between participating countries, and building a common vision for the future of economic prosperity and development in the region.

Views 177 04/26/2024 - https://economy-news.net/content.php?id=42859

Oil Is Heading To End The Week On The Rise

Economy |  04/26/2024  Mawazine News – Baghdad  Oil prices rose on Friday, and are heading to end the week on a higher note after two consecutive weekly losses, in the wake of a senior American official expressing optimism about economic growth and with continuing concerns about supplies as a result of conflicts in the Middle East.

Brent crude futures rose 19 cents, or 0.2 percent, to $89.20 per barrel, and US West Texas Intermediate crude futures increased 25 cents, or 0.3 percent, to $83.82 per barrel.

Brent is up 2.2 percent since the beginning of the week, while West Texas Intermediate has advanced 0.8 percent.

US Treasury Secretary Janet Yellen told Reuters on Thursday that US GDP growth in the first quarter of the year may be subject to an upward adjustment and that inflation will decline after a group of “distinctive” factors that pushed the economy to its weakest performance in nearly two years.

It is likely that US economic growth will be stronger than indicated by the quarterly data, which was weaker than expected.

Data showed that economic growth slowed in the first quarter.

Before Yellen's statements, oil prices were affected by accelerating inflation, as this prompted investors to rule out a reduction in interest rates by the US Federal Reserve before September.

The data indicated that the price index for personal consumption expenditures, excluding food and energy, rose at an annual rate of 3.7 percent, compared to 2 percent in the last quarter of 2023.

Tamas Varga, an analyst at PVM Oil, said: “US GDP growth is 1.6 percent.” percent, which came below expectations, may also be considered a welcome development that confirms the effectiveness of recent monetary tightening, but it was the personal consumption expenditures price index that moved sentiment.”

On the other hand, prices received support early in the session in light of concerns about supplies as tension continues in the Middle East.   https://www.mawazin.net/Details.aspx?jimare=246756

To read more current and reliable Iraqi news please visit :  https://www.bondladyscorner.com/

 Provoking Points To Ponder on Failures and Mistakes

Apparent failure may hold in its rough shell the germs of a success that will blossom in time, and bear fruit throughout eternity.- Frances Ellen Watkins Harper

The causes of mistakes are "I didn't know"; "I didn't think"; and "I didn't care."- Henry H. Buckley

Failures are divided into two classes: those who thought and never did, and those who did and never thought.- John Charles Salak

A failure establishes only this, that our determination to succeed was not strong enough.- Christian Bovee

Self-distrust is the cause of most of our failures. They are the weakest, however strong, who have no faith in themselves or their own powers.- Christian Bovee

Defeat is a thing of weariness, of incoherence, of boredom.- Antoine de Saint-Exupery

http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html

Goldilocks' Comments and Global Economic News Friday Evening 4-26-24

Goldilocks' Comments and Global Economic News Friday Evening 4-26-24

Good Evening Dinar Recaps,

MICA Announcement:

"This summer, the first part of the EU’s MiCA Regulation will come into effect. Financial institutions (FIs) that are currently engaged in or exploring crypto assets will need to make operational adjustments."

Markets in Crypto Assets (MICA) are finally coming to the final stages of completion for the QFS. Financial institutions seeking to participate on the new Digital System will be going through a regulatory process.

These MICA Regulations that will come to a conclusion on May 28th, 2024 in Europe will create a crypto-asset white paper. This white paper will report and create a set of guidelines for all countries to follow going forward in building their Quantum Technological Regulations

Financial institutions around the world will have until December 2024 to integrate their Quantum Technologies to the new Digital Asset Based Trading System. At that time, the new QFS will be operational Globally.

Here is what will be worked on between now and the end of the year:

* how financial values are stored and transacted (stablecoins)
* Movement from T+1 to T+0 instant payments in cross-border transactions
* Reducing counterparty risks
* Counteracting payment frauds

Many Credit Valuation Adjustments will be taking place between now and that time when the Global Currency Reset will come into play.

This is it folks. I know no one wants to hear this at this time. Yet, we are working with the United States, Europe, and the BRICS Nations aligning themselves with payment systems and tokenized assets that will govern our new Global Economy.

It's been a long journey, but we are in the final stages. And, it is important that we pay close attention between now and Christmas to changes that can possibly move up these banking timelines.

As far as currencies are concerned, they will need to begin shifting at some point between now and Christmas. They may come as a float, become volatile, partial revaluation in some countries, but I expect final prices on these currencies or complete revaluations to come late to early next year.

There are three phases to this final process. I will be helping you to understand where we are as we move to each stage. The first two have to be done by Christmas. The last one is a continuation of the first two that has more to do with reporting procedures than payment processes.

In the meantime, we will clearly have Digital Assets moving into real values. This first RV is at the beginning stages of development right now.

You would do yourself a favor to find a good friend who understands what cryptos are going to be used in the next Financial System. You will be glad that you did.   EY

© Goldilocks

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SEBI Announcement:

"SEBI Proposes Framework for Price Discovery of Investment Companies"

Between now and the end of the year, SEBI has recommended that our new tokenized assets go through what is called a price discovery.

Securities and Exchange Board of India has made the above recommendation for their financial markets. In reality, this is what will be taking place around the world as well.

Price Discovery is when the markets synchronize their new price actions or correlations with each other based upon supply and demand.

Supply and demand recognize price actions that correspond with assessments on companies and those who buy their products' actual ability to pay for items on the market.

In other words, we are about to go through what is called fair market valuations. This will include all sectors of the market including Forex.    Indian Express    IG

© Goldilocks

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IBM to buy HashiCorp in $6.4 billion deal to expand in cloud

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A MESSAGE FROM SAM OLIVER ON SILVER

LISTEN HERE:

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Franklin Templeton Announces Availability of Peer-to-Peer Transfers for Franklin OnChain U.S. Government Money Fund | Business Wire

These Franklin Templeton assets that are tokenizing US Treasuries will have a correlating effect on gold and other commodities.

The tokenization of US Treasuries through Franklin Templeton Digital Assets will have their connection to the commodity sector giving them real values going forward.

This will be part of the credit valuation adjustments that will be taking place in the months ahead to give new price action adjustments on a new economy.

Everything is being tokenized, and within each of these tokens will be a corresponding commodity to give it a real price value for the QFS able to compute and regulate real-world assets.

© Goldilocks

👆 We are witnessing our markets transform into a new digital economy.

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"All roads lead to gold, and 'digital gold' will set us free."

© Goldilocks

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Stellar The New Star: Analyst Predicts $0.47 Price Target | News BTC

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Interior Department Implements Reforms in Federal Oil and Gas Leasing Regulations | The Presidential Prayer Team

"These are the most significant reforms to the federal oil and gas leasing program in decades, and they will cut wasteful speculation, increase returns for the public, and protect taxpayers from being saddled with the costs of environmental cleanups,” said Secretary Deb Haaland. “These reforms will help safeguard the health of our public lands and nearby communities for generations to come.”

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Kalp Foundation Partners with Router Protocol to Facilitate Cross-Chain Interoperability of Real-World Assets |  CXO Today

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Q1 GDP Report Preview: What the Data Could Tell Us About the U.S. Economy | InvestorPlace

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Law of Supply and Demand in Economics: How It Works | Investopedia

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Jim Willie: 20 Reasons For Gold Price Breakout | Youtube

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IBM to buy HashiCorp in $6.4 billion deal to expand in cloud, Telecom News, ET Telecom

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Fed seeks 8,000 financial institutions for FedNow | Banking Dive

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Granting waivers on Iranian oil only emboldens the ayatollahs | The Hill

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Gold Could Hit $40,000 Per Ounce – Here’s How! | Lynette Zang Youtube

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"National Bank of Iraq goes live with Temenos core banking and payments"

Will they work with Ripple? Probably...

More on this tomorrow...

© Goldilocks

~~~~~~~~~

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Some “Friday News” Posted by Clare at KTFA 4-26-2024

KTFA:

Clare:  Governmental and private banks will showcase their services tomorrow during Financial Inclusion Week

4/26/2024

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

Clare:  Parliament does not know the reason for the delay in sending the 2024 budget schedules: Voting takes time

4/26/2024   Baghdad

The Finance Committee in the Iraqi Parliament confirmed today, Friday (April 26, 2024), that the government was very late in sending the 2024 budget disbursement schedules.

Committee member Jamal Kujar told “Baghdad Today” that “we are very close to entering the middle of the fiscal year, and so far the government has not sent us the 2024 budget spending schedules,” noting that “voting on it requires time by Parliament for the purpose of studying or amending it.”

Koger stated, “We do not know what the reasons were that prompted the government to all this delay in sending the budget schedules, even though it cannot spend any of the amounts, especially for projects and others, until after Parliament votes on those schedules. “

It is noteworthy that the Chairman of the Parliamentary Finance Committee, Atwan Al-Atwani, confirmed on Sunday (April 21, 2024) that the House of Representatives is awaiting the arrival of the current year’s budget schedules during this month.

Al-Atwani said in a statement received by Baghdad Today, “The Finance Committee is awaiting the arrival of the 2024 budget schedules during this month, in order to discuss them and approve their allocations.” 

On the other hand, Al-Atwani stressed that “Parliamentary Finance is keen to support and encourage the private sector and provide incentives to attract investment companies.”

Last March, Finance Minister Taif Sami announced that the tables had been completed and sent to the Council of Ministers for the purpose of voting on them, according to an official statement.   LINK

************

Clare:  From Dammam to Najaf.. Saudi Arabia announces an increase in flights with Iraq

4/26/2024

Saudi Civil Aviation announced that it will operate direct flights to Iraq, starting next June 1.

The Saudi Civil Aviation said in a statement followed by {Al-Furat News} agency, “Based on the national strategy for the aviation sector in the Kingdom, which aims to double the response capacity and reach more than 330 million passengers annually, and more than 250 destinations in the world, and as an extension of the close relations that...

Connecting the Kingdom with the sister Republic of Iraq, we announce the operation of direct flights from the city of Dammam in the Kingdom to the city of Najaf in the Republic of Iraq, in addition to flights to both the cities of Baghdad and Erbil in the Republic of Iraq, starting on Saturday, June 1, 2024.   LINK

**

Clcare: The Association of Private Banks appreciates the efforts of the government and the Central Bank to create understandings with the Treasury, the Federal Bank, and international banks

4/26/2024

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 said in his speech, “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 the deprivation of the Iraqi private banking sector.

 From the use of the dollar, which exceeded half the number of banks operating inside the country, which is a very dangerous indicator, despite the efforts of Iraqi government 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 that has begun to affect banking services inside the country, It undermines citizen confidence and hinders the expansion 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 is taking place. "It represents an opportunity for cooperation and agreement on a work roadmap for the future, as 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 merging... The Iraqi banking sector with its Arab counterpart must begin quickly, and we are taking great strides in this direction, especially since Prime Minister Muhammad Shia 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

Clare: With the participation of the Association of Private Banks, investment opportunities are on the table of a Jordanian-Iraqi economic forum next May

4/26/2024  Baghdad

The activities of the Economic Forum for Financial, Industrial and Commercial Partnerships between Iraq, Jordan and the region will begin on the fifth of next May, organized by the Iraqi Business Council in Amman, amid great official interest and broad participation from the public and private sectors in the two countries and countries in the region.

 According to a statement by the Council, the ministers of industry and electricity from Iraq will participate in the forum, which is organized by the Council in cooperation with the Jordanian and Amman Chambers of Industry, and will be opened at the King Hussein Convention Center in the Dead Sea region, along with ministers from Jordan, business owners, investors, and Arab and foreign companies.

Participating in the forum are also the National Investment Authority in Iraq, the Arab Businessmen Union, the Multilateral Investment Guarantee Agency and the International Finance Corporation of the World Bank Group, the Association of Information and Communications Technology Companies (Intaj), the Association of Iraqi Private Banks, the Jordanian Banks Association, and the Jordanian Corporation for Economic Enterprise Development. (JEDCO), and the Jordanian free and development zones.

 The Council organizes the two-day forum, which includes an exhibition for companies and bilateral meetings with decision-makers from the two countries, on the occasion of the Kingdom’s celebrations of the silver jubilee of His Majesty King Abdullah II assuming his constitutional powers.

 The forum's working sessions focus on the most prominent investment opportunities in Jordan and Iraq, the prospects for commercial and industrial opportunities in the two countries, the vision of economic modernization, investment in Iraq, investment opportunities in the region, in addition to investment opportunities in the Jordanian free and development zones.

 The sessions also focus on the role of the banking sector in providing financial facilities to the industrial, energy, mining, transportation and infrastructure sectors, the role of international institutions in providing financial financing for investment projects, and presenting success stories of Jordanian and Iraqi investment companies.

The Forum seeks to enhance regional integration by building economic interconnection, enhancing cooperation in various sectors, building long-term partnerships, creating sustainable partnerships, deepening mutual understanding between participating countries, and building a common vision for the future of economic prosperity and development in the region.  LINK

“Tidbits From TNT” Friday 4-26-2024

TNT:

CandyKisses:  After the visit of the Sudanese. Will the occupation forces get out?

Information/report.Popular and political hopes were held on Sudanese's visit to Washington in order to remove the occupation forces from the country, while the Sudanese did not mention anything about the file during his video meeting with Biden, as well as Sudanese's favoritism by continuing the American dependency represented In equipping the army with American aircraft, and between supporters and opponents of the visit, its results remain the judgment

 So will we witness a schedule for the exit of US forces from Iraq or will the situation remain as it is.

The resistance factions did not stop resisting, but gave a deadline to the government to resolve the file politically, and in continuous statements by their leaders that their forces are ready in the event that political solutions end and America manipulates the agreements.

Speaking more about the subject, Ali al-Fatlawi, a member of the alliance, said that the resistance factions are still on guard in the event that the agreed US withdrawal does not take place, pointing out that "the stick belongs to those who stick "

Fatlawi said in a statement to the agency / Information / that "the exit of the US occupation from Iraq is necessary as it is a popular and political demand," pointing out that it was one of the most important files discussed by the Sudanese in Washington .He adds that, "Iraq has the stick and the carrot, and if the Sudanese fail to use the carrot, the resistance factions still keep the stick," noting that "whenever there is manipulation on the American side, the factions will use their strength to pressure again."

*Government dutyto that promised MP for the Conquest Alliance Suhaila Sultani, that the file of the exit of the Americans from Iraq is entrusted to the Iraqi government, noting that the House of Representatives has played its role to the fullest and says Sultani in a statement to the agency / information /, that "the House of Representatives has approved a law to prevent the presence of the United States and any foreign forces on Iraqi territory,"

Noting that "the scheduling is related to the government's negotiations with the American side in this file "She adds that, "Sudani's visit discussed this file in Washington and specialized committees have been formed to follow up on the matter, and the withdrawal will take place after the completion of negotiations by those committees."

Observers saw that the Sudanese in his recent visit to Washington had the pressure of the resistance factions as a trump card against the US occupation, which helped to force them to leave the country. 

************

Tishwash:  What are the risks of floating the Iraqi dinar to address the double price of the dollar? An economist explains

On Thursday, economic expert Nabil Al-Marsoumi explained the risks of floating the Iraqi dinar to address the double price of the dollar against the dinar and the existence of a large gap between the official and parallel prices.

Al-Marsoumi said in a publication followed by “Jarida”, that “some are proposing a solution to address the double price of the dollar against the dinar and the existence of a large gap between the official and parallel prices through free floating of the Iraqi dinar, that is, leaving the dinar in the market to find a price for it against foreign currencies through the interaction of supply forces.” And the demand.”

He added, "Such a decision has some economic positives, but the economy should not be taken in its abstract aspect." He added, "Such a decision has some economic positives, but the economy should not be taken in its abstract aspect, but rather insofar as it relates to people, especially the poor among them, and in light of Iraq's lack of “For a national private sector that can contribute to increasing the supply of dollars in the Iraqi market, and because of the large volume of imports, which reach 67 billion dollars annually, the only party that owns the dollar is the government.”

He continued, “If the government decides not to intervene in the exchange market, it is expected that the dinar will witness a violent collapse and rampant inflation that will cause prices to rise to insane levels that will cause severe harm to citizens’ living standards, and the poor will become more miserable, and will later lead to social tensions and a major rift in the social peace.”  link

************

Tishwash:  With the participation of the Association of Private Banks, investment opportunities are on the table of a Jordanian-Iraqi economic forum next May

The activities of the Economic Forum for Financial, Industrial and Commercial Partnerships between Iraq, Jordan and the region will begin on the fifth of next May, organized by the Iraqi Business Council in Amman, amid great official interest and broad participation from the public and private sectors in the two countries and the countries of the region. 

According to a statement by the Council, the ministers of industry and electricity from Iraq will participate in the forum, which is organized by the Council in cooperation with the Jordanian and Amman Chambers of Industry, and will be opened at the King Hussein Convention Center in the Dead Sea region, along with ministers from Jordan, business owners, investors, and Arab and foreign companies.

Participating in the forum are also the National Investment Authority in Iraq, the Arab Businessmen Union, the Multilateral Investment Guarantee Agency and the International Finance Corporation of the World Bank Group, the Association of Information and Communications Technology Companies (Intaj), the Association of Iraqi Private Banks, the Jordanian Banks Association, and the Jordanian Corporation for Economic Enterprise Development. (JEDCO), and the Jordanian free and development zones.

The Council organizes the two-day forum, which includes an exhibition for companies and bilateral meetings with decision-makers from the two countries, on the occasion of the Kingdom’s celebrations of the silver jubilee of His Majesty King Abdullah II assuming his constitutional powers. 

The forum's working sessions focus on the most prominent investment opportunities in Jordan and Iraq, the prospects for commercial and industrial opportunities in the two countries, the vision of economic modernization, investment in Iraq, investment opportunities in the region, in addition to investment opportunities in the Jordanian free and development zones.

The sessions also focus on the role of the banking sector in providing financial facilities to the industrial, energy, mining, transportation and infrastructure sectors, the role of international institutions in providing financial financing for investment projects, and presenting success stories of Jordanian and Iraqi investment companies.

The Forum seeks to enhance regional integration by building economic interconnection, enhancing cooperation in various sectors, building long-term partnerships, creating sustainable partnerships, deepening mutual understanding between participating countries, and building a common vision for the future of economic prosperity and development in the region.   link

Mot: Amazing -- Yeppers another good ole ""Marital tip"" fer Ya 

Mot: ... Member! -- Its Not What Ya Say -- Its Just Timing!!!!   

MilitiaMan: Iraqi Dinar – US Treasury Exchange Rates- Focus – Banking Partnerships – Rate Changes – Positivity

Iraqi Dinar – US Treasury Exchange Rates- Focus – Banking Partnerships – Rate Changes – Positivity

MilitiaMan and Crew:  4-26-2025

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=lQnVGqS7HQQ

Iraq Economic News and Points to Ponder Thursday Evening 4-25-24

Iraq Economic News and Points to Ponder Thursday Evening 4-25-24

The Most Difficult Option.. Warnings Of The Danger Of Floating The Iraqi Dinar Without Achieving An “Important Condition”

 Economy | Baghdad today – Baghdad   Economist Nabil Al-Marsoumi warned today, Thursday (April 25, 2024), of the dangers of floating the Iraqi dinar, noting that

 such a step could lead to the dinar witnessing a violent collapse and rampant inflation that would jump prices to insane levels.

Al-Marsoumi said in a post on the social networking site “Facebook”, followed by “Baghdad Today”, that

 “some are proposing a solution to address the double price of the dollar against the dinar and the existence of a large gap between the official and parallel prices through a free float of the Iraqi dinar,” indicating, “i.e. Turk.”

The dinar is in the market to find its price against foreign currencies through the interaction of the forces of supply and demand.  Al-Marsoumi added,  “Such a decision has some economic positives,” adding,

 “But the economy should not be taken in its abstract aspect, but rather insofar as it relates to people, especially the poor.”

He continued,  "In light of Iraq's lack of a national private sector that could contribute to increasing the supply of dollars in the Iraqi market, and

 because of the large volume of imports, which reach 67 billion dollars annually, the only party that owns the dollar is the government," explaining that

 "in the event that the government decides not to intervene." In the exchange market, it is expected that the dinar will witness a violent collapse and rampant inflation that will cause prices to rise to insane levels that will cause severe damage to citizens’ living standards, and the poor will become more miserable, and will later lead to social tensions and a major rift in the social peace.”

It is noteworthy that the floating exchange rate or currency float is the currency exchange rate that has been floated so that it has become completely liberalized, so the government or the central bank does not interfere in determining it directly,

 but rather it is released automatically in the currency market through the supply and demand mechanism that allows the price to be determined. Exchange the national currency against foreign currencies.

 It is worth noting that the price of the dollar in the local markets is still experiencing a state of instability between rises and falls, even though the official price in the Central Bank of Iraq is 132,000 dinars per 100 dollars,

 but in the local markets it is witnessing an increase of more than ten points and may at times reach double this.

 The number is despite the numerous measures and packages launched by the Central Bank of Iraq, where

 some attribute that the reason for this confusion in prices is the result of smuggling operations and speculation in the black market for currency. https://baghdadtoday.news/247930-الخيار-الأصعب.-تحذيرات-من-خطورة-تعويم-الدينار-العراقي-دون-تحقيق-شرط-مهم.html   

Economist: Travelers' Dollars Are Leaking Into The Parallel Market...And This Is What The Central Bank Should Do

 Time: 04/24/2024 Read: 2,925 times   {Economic: Al-Furat News} The economic expert, Safwan Qusay, revealed the leakage of travelers’ dollars to the parallel market.  Qusay said {to Al-Furat News} that:

  “The current policy of the Central Bank of Iraq goes towards auditing the cash dollar, which was marred by many failures in the first periods, especially its leakage through travelers to the irregular market, and this issue needs a new and clear mechanism.” 

He added,  "It is assumed that travelers are dealt with through tourism and airline companies, and

 the travel ticket is not allowed to be canceled unless the traveler returns the amount he purchased from the exchange outlets or banks."  Qusay stressed,

 “This measure will restore confidence in the cash dollar and the possibility of facilitating the mission of real tourists and filling the gaps that accompanied the process of establishing the electronic platform for the cash sale of foreign currencies.” He stated that

 "the Central Bank will not hesitate to provide the dollar to those entitled to it, whether at the level of Hajj or other windows," noting that

"the Central Bank's emphasis on procedures for granting citizens the cash dollar ensures that it reaches those who need it."  Qusay added,

“The Central Bank’s official sales during the previous 10 days rose to $270 million per day, which is an indication of the activation of the electronic platform,” adding,

 “The more we reduce imports and analyze the irregular demand for the dollar, the more stable the dollar’s ​​exchange rate will be.”

 Meanwhile, travelers expressed their surprise at the Central Bank’s decisions to prevent government banks from selling dollars to travelers.

Travelers said, via {Al-Furat News}: “We are surprised by the Central Bank’s decisions to prevent government banks from selling the dollar to travelers and monopolizing it only with financial transfer and exchange companies.”

 Travelers called on Parliament and members of the Parliamentary Finance Committee to “intervene and solve the problem and allow government banks to carry out the process of selling the dollar, especially in conjunction with the delegation of pilgrims to the Holy House of God, and they need to buy the dollar at the official price.”  

 https://alforatnews.iq/news/خبير-اقتصادي-دولار-المسافرين-يتسرب-للسوق-الموازي-وهذا-ما-على-المركزي-فعله   

Parliament Talks About The Mechanism For Recovering Smuggled Funds And Hints At The Next Stage

 Politics |Today, 14:07 |  Baghdad today – Baghdad Today, Thursday (April 25, 2024), the Parliamentary Integrity Committee confirmed that there is ongoing work to recover all Iraqi funds smuggled abroad, while indicating that the

 next stage will witness the recovery of funds and more fugitives on charges of corruption and others.

 Committee member Ghareeb Al-Muradli told “Baghdad Today” that

 “there are real efforts by the Iraqi government in addition to the Federal Integrity Commission to recover Iraqi money smuggled as a result of corruption operations, and

 this is very possible because of international cooperation in this file.” Al-Muradli stated,

 "Iraq has good international relations, and through these relations it is able to track its money and follow up on those wanted by it on corruption charges," adding,

 "For this reason, it was able during the last period to arrest a number of fugitives." He stressed that

 "the next stage will witness the recovery of funds and more fugitives on charges of corruption and other charges."

 It is noteworthy that the Parliamentary Integrity Committee commented, Thursday (March 28, 2024), on the activities of the Iraq Assets Recovery Fund and the slowness in recovering that money and some of those accused of fleeing on corruption charges or belonging to the previous regime.

Committee member Duraid Jameel told “Baghdad Today” that

 “there is great and important work for the Iraq Money Recovery Fund and

there is a noticeable increase in the activities of this fund,” adding:

 “But the slowness is not on the part of the Iraqi side, but rather on the part of countries, some of which are procrastinating in Implementing what Iraq demands.” Jamil stated,

  “There are major legal and technical procedures undertaken by the Iraq Assets Recovery Fund, in order to recover smuggled funds or recover some of the fugitive defendants on corruption charges and others,

 but the routine procedures by those countries are what delayed the resolution of many of these activities.”

 A member of the Parliamentary Integrity Committee added,

 "There is no accurate figure for the sums of money smuggled from Iraq abroad, whether through corruption operations or other funds of the former regime,

 but there are government efforts being made to recover all that money, and there are practical steps in this regard."

 Estimates indicate that the funds smuggled abroad amount to approximately $350 billion over the past twenty years, while

the Integrity Commission is working to recover some of the funds from other countries or recover the accused, but

some countries refuse to recover some of the corruption funds smuggled over the past years because they have entered into the economic cycle or Existing projects in those countries, according to observers.    

https://baghdadtoday.news/247914-البرلمان-يتحدث-عن-الية-استعادة-الأموال-المهربة-ويلمح-الى-المرحلة-المقبلة.html  

Parliamentary Integrity Reveals An Agreement With Interpol To Recover Fugitive Corrupt People

 Political| 04/23/2024   Mawazine News – Baghdad   Member of the Parliamentary Integrity Committee, Abdul Amir Al-Mayahi, revealed  new moves to proceed with amending the election law again, noting that  Parliament is coordinating an agreement between the Iraqi and international Interpol to arrest fleeing corrupt people.     Al-Mayahi said in an interview followed by Mawazine News:

 “There is an agreement between the Iraqi Interpol and the International Interpol, to pursue any wanted person in any country, in an effort by the Iraqi Interpol to arrest the wanted persons and hand them over to the Iraqi government, and there is effective coordination with Interpol in this regard.”  He added.

 “The Integrity Committee works independently and seeks to collect the required documents regarding those accused of corruption, and  upon obtaining proof, the committee will work to request hosting the concerned official if he is present inside the country, while submitting recommendations to the relevant authorities.”   He continued, “The committee is not responsible for prosecuting the wanted individuals.”

 On charges of corruption outside the country, it is the responsibility of the Federal Integrity Commission and the Iraqi and international Interpol if there are arrest warrants for certain figures of state employees who have committed corruption and of the Integrity Commission or the Public Prosecution.”    https://www.mawazin.net/Details.aspx?jimare=246516   

To read more current and reliable Iraqi news please visit :  https://www.bondladyscorner.com/

 Provoking Points To Ponder on Failures and Mistakes

Learn to see in another's calamity the ills which you should avoid.- Publilius Syrus

A man is fortunate if he encounters living examples of vice, as well as of virtue, to inspire him.- Brendan Francis

The line between failure and success is so fine that we scarcely know when we pass it; so fine that we are often on the line and do not know it.- Elbert Hubbard

A series of failures may culminate in the best possible result.- Gisela Richter

Failure is that early morning hour of darkness which precedes the dawning of the day of success.- Leigh Mitchell Hodges

People fail forward to success.- Mary Kay Ash 

http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html

Goldilocks' Comments and Global Economic News Thursday Evening 4-25-24

Goldilocks' Comments and Global Economic News Thursday Evening 4-25-24

Good Evening Dinar Recaps,

China's Payment Regulations Announcement:

On December 9, 2023, Chinese Premier Li Qiang signed Decree No. 768 of the State Council.

The People's Bank of China is giving us a look at their implementation rules for their new payment regulations.

It covers risk management, e-commerce, faster mobile and computer payments, connections between central depository institutions, banking systems, monetary policies, guidelines, management of payment rules between Financial institutions, and various types of accounts.

After implementation, these new regulations will be sent to Clearing House Institutions for Network inclusion and compliance directives to enforce this new payment system.  This decree is China's regulations on the Supervision and Administration of Non-Bank Payment Institutions.

A non-bank entity provides similar services to a bank, but they do not hold a banking license. This merges the new Digital Economy with the Traditional Markets and Banking System inside our new digital economy.   Peoples Bank of China

It will go into effect on May 1, 2024.

© Goldilocks

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Japan is the fourth-largest export market and trading partner of the United States with a 68 billion trading deficit.

Why this partnership is so important comes of its connection to US Dollars held within their accounts to support the Yen.

Japan is giving an imminent warning that they are going to have to prop up their currency by intervening into the markets.

This means they will be selling their dollars that they have bought over the years to support the Yen from continuing to fall in its price.

As the yen begins the process of leveling the playing field between the price of the dollar against the yen, it will begin to affect the global markets as well.

This move will cause trading deficits and appreciation with other countries around the world as the Yen begins to rise in its price.

Eventually, the move toward more reliance on their Basel 3 compliant policies over the dollar will stabilize the Yen as these temporary measures go into effect.

As we have spoke of recently in this room, we are moving into credit valuation adjustments. This is going to be a big one because of so many trading contracts take place between the US and Japan.

Volatility in the currency markets are about to begin, and they will end with the stabilization of all currencies based upon real values connected to them through gold.

If you think the recent actions to regulate and place laws on Stablecoins is a coincidence, you might want to look again.   Reuters 1   Reuters 2   Trade

© Goldilocks

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This Louisiana Man Collected Over Half a Million Pennies in 45 Years | ABC News

I wish he would have sold it to an exchange center instead of a bank. Can you imagine how much he really lost on this exchange.

Copper is now a critical mineral and a global shortage metal. Know what you hold my friends. Know it's worth.

A wise investor explores exchange options.

👆4.49 per lb×2800 lb of copper= $12,572

The above is copper's current actual worth. The bank gave this man...$5,136. He lost over $7,000 on this deal.

Do your own research my friends.

© Goldilocks

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👆 Can you imagine how much this man would have had if he waited until next year to sell his copper? So sad.

~~~~~~~~~

Nonbank Financial Institutions: What They Are and How They Work | Investopedia

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Stablecoin News: Top Democrat Predicts Imminent Deal On Stablecoin Regulation | Coingape

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Stablecoin Bill Could Be Ready for the U.S. House Soon Says Top Democrat Maxine Waters: Bloomberg

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Venezuela demands oil purchases to be paid in #USDT to Bypass U.S Sanctions 🤨 | Twitter

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What are the Bretton Woods 3 institutions? | UN

* International Monetary Fund (IMF)
* International Finance Corporation (IFC)
* Multilateral Investment Guarantee Agency (MIGA)
* The World Bank.
* The World Trade Organization (WTO)

~~~~~~~~~

Ripple to Use Stablecoin for US ODL Customers, Not XRP | The Crypto Basic

~~~~~~~~~

A new web3 network is being built right now that wants to end Big Tech’s control of your data | Tech Crunch

~~~~~~~~~

Navigating The Generative AI Divide: Open-Source Vs. Closed-Source Solutions | Forbes

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Mannarino Market Risk Indicator

The Dow Index has lost over 3.82% the past 4 weeks. We talked about the Markets moving down for the next three to five weeks almost a month ago. How am I doing so far?

© Goldilocks

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China's March net gold imports via Hong Kong up 40% from Feb | Zawya

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Book of Zephaniah Summary: A Complete Animated Overview | Youtube

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👆 Sound familiar? It should, what we are going through is a Biblical prophecy. 

~~~~~~~~~

Meaning: Hidden by God.

Zephaniah is a masculine name of Hebrew origin that means "hidden by God." This is a biblical name shared with minor prophets in the Hebrew Bible and its meaning is symbolic of God's protection.

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