More News, Rumors and Opinions Monday Afternoon 4-15-2024
KTFA:
Clare: With the participation of 100 companies from 13 countries...the oil, gas and energy exhibition activities will start tomorrow in Basra
4/15/2024
The activities of the Oil, Gas and Energy Exhibition will be launched in Basra Governorate tomorrow, Tuesday, sponsored by the Ministry of Oil and with the participation of 100 companies.
Basra International Exhibition Media and Relations Officer, Osama Majeed, told the National Iraqi News Agency ( NINA ) that all preparations for the opening of the Iraq Oil, Gas, Energy and Oil Equipment Exhibition, scheduled to be held for the period from 16 to 19 of this month, have ended. On the grounds of the Basra International Fair next Tuesday at 11 am.
KTFA:
Clare: With the participation of 100 companies from 13 countries...the oil, gas and energy exhibition activities will start tomorrow in Basra
4/15/2024
The activities of the Oil, Gas and Energy Exhibition will be launched in Basra Governorate tomorrow, Tuesday, sponsored by the Ministry of Oil and with the participation of 100 companies.
Basra International Exhibition Media and Relations Officer, Osama Majeed, told the National Iraqi News Agency ( NINA ) that all preparations for the opening of the Iraq Oil, Gas, Energy and Oil Equipment Exhibition, scheduled to be held for the period from 16 to 19 of this month, have ended. On the grounds of the Basra International Fair next Tuesday at 11 am.
He added, "There are more than 100 local, Arab and international companies from 13 countries, including Iraq, Switzerland, the United States, China, Saudi Arabia, Turkey, Iran, France, Japan, Britain, Egypt, and the Emirates, with various specializations in oil and energy industry technology. They will participate in the exhibition."
Majeed pointed out that The exhibition will be open to visitors from eleven in the morning until five in the evening. LINK
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Clare: Internal Affairs: The national card will be the basis for all transactions
4/12/2024 Baghdad
The Ministry of Interior confirmed on Friday that the national card will be the basis for all transactions.
The Director General of Civil Status, Passports and Residence, Major General Nashat Ibrahim Al-Khafaji, said, “There is prior coordination with the Ministry of Commerce and Planning and the Election Commission so that the national card is the basis for all transactions.”
He pointed out that "the basis of electronic governance in the national card is that its data is real, in addition to the presence of a face image, eye print, and fingers, and all of these things were not present in the status records."
Al-Khafaji added, "Any citizen can be easily identified in the national card system, so the Prime Minister and the Minister of Interior paid great attention to the project and the cadres are able to register all Iraqis." LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man [Sudani] is going to need some exceptional strength, which is exchange rate oriented to do business deals with the likes of GE...big oil companies...big solar energy...They're looking to get people in the steel industry, rebar industry, cement companies because they're going to need more than Iraq has on the ground. They're going to want the support from around the world and Al-Sudani is stating he's ready for business and opening to the world.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Sudani is visiting Washington, Michigan and Texes while in the United States of America. FRANK: Understand the seriousness of this trip. It's not to go see some guy at the White House. It's to go lay out the groundwork for both of their reforms.
BREAKING NEWS Iraqi PM in Washington DC 2
Edu Matrix: 4-15-2024
BREAKING POINT: The CRISIS in Middle East will Crash Global Crude Oil Market in Strait of Hormuz
Lena Petrova: 4-15-2024
"Sudani Visits the US" News Posted by Clare at KTFA 4-15-2024
KTFA:
Clare: Iraq Prime Minister motorcades into Washington DC for a meeting with Biden
"the list of the delegation accompanying the Sudanese, which consists of about 130 figures."
KTFA:
Clare: Iraq Prime Minister motorcades into Washington DC for a meeting with Biden
"the list of the delegation accompanying the Sudanese, which consists of about 130 figures."
Clare: His advisor: Sudanese attention will focus on the economy during his meeting with the American President
4/15/2024 Baghdad
The financial advisor to the Iraqi Prime Minister, Mazhar Muhammad Saleh, confirmed that Iraq is linked with the United States through cohesive ties and foundations, the principles of which were outlined in the strategic framework agreement signed between the two countries in 2008 and ratified by the Iraqi Parliament.
Saleh stated, in an interview followed by Mawazine News, that attention will be focused on providing a climate of promising opportunities through which major companies in the United States can contribute to major strategic development projects in Iraq, whether in the path of development or otherwise, especially in the fields of renewable energy, gas, and technology. Digital and basic federal projects in the areas of transportation, communications, agriculture, investment in natural resources and important aspects of the manufacturing industry.
According to the advisor, this is in addition to benefiting from higher education opportunities, obtaining academic seats in American universities, and accepting scholarships in fields that serve development and economic progress in Iraq.
He explained that what we see today of “positive developments” in the relationship between Iraq and the United States “will turn the page on the past and open a page based on direct economic relations and productive investment opportunities, with a first priority that precedes other priorities, including the establishment of solid banking relations between the two countries that will help them grow and prosper.” The current banking reform policy in our country will contribute to adding an element of strength to the financing relations between the two friendly countries.
Thus, Counselor Saleh believes that the economic aspect (investment, development, and financing) “will be activated for the first time in this broad form of the strategic framework agreement in order to be consistent with the data and principles of the program.” government in a way that serves the interest of stability and economic prosperity in Iraq.” LINK
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Clarae: Al-Sudani begins his visit to Washington by meeting with the Iraqi community: Your country is different today
4/15/2024
Prime Minister Muhammad Shiaa Al-Sudani began his official visit to the United States, by meeting with the Iraqi community in Washington and other American states, on Monday. While he pointed out that the relationship with Iran and America is an advantage for Iraq that can be used to reduce tension, he stressed that “Iraq today Different from before."
Al-Sudani announced, during his speech to the Iraqi community, the work on a study to establish a department for expatriate affairs, in order to achieve effective communication with Iraqi communities in the world, pointing out that the government is looking for competencies away from quotas.
He said that his visit to the United States is important. To clarify his government's vision about the shape of the relationship with America, stressing that "Iraq today is different from what it was in 2014, because ISIS no longer poses a threat to Iraq... Iraq today is witnessing unprecedented recovery, stability, security, real development, and tangible services in all parts of the country."
Al-Sudani continued: “We want to move to bilateral relations with the countries of the international coalition after the victory over ISIS, similar to the countries of the region, including security relations. The first meeting of the founding committee stipulated in the framework agreement will be held, and there will be periodic meetings of this committee.”
Regarding the tensions in the region, the Prime Minister pointed out that “Iran is a neighboring country with which we have common interests, and America is a strategic ally and our relationship with it is important,” explaining that “the relationship with Iran and the United States is an advantage for Iraq, and can be used to reduce tension, and this is what happened in every situation.” crises in the region. LINK
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Clare: Expert: The Sudanese visit will activate 11 items in the strategic framework agreement, one of which is security
4/14/2024
The security expert, Sarmad Al-Bayati, suggested activating 11 items in the strategic framework agreement during the visit of Prime Minister Muhammad Shiaa Al-Sudani to Washington.
Al-Bayati said: For the program {Free Speech} broadcast by Al-Furat satellite channel this evening, it was stated that: “The visit has been planned for a long time and within Al-Sudani’s statement that Iraq wants the United States as a strategic partner free of wishes. The main purpose of the visit is to activate the strategic framework agreement, which includes 11 sections of... "Including the security item."
He added, "Al-Sudani will meet with the US President, the Secretary of State, the National Security Advisor, the US Treasury Undersecretary, and others during the visit, and will sign new partnerships and contracts with American companies, including those specializing in energy."
Al-Bayati continued, "As for the security aspect, America will be the mediator by importing weapons from foreign companies to preserve Iraqi money, and the government is determined to end the military presence on Iraqi territory."
He added, "We have high-frequency radars, and France was contracted to import low-frequency radars. America did not force Iraq to buy weapons, but the defect in air defenses, as well as the danger of the terrorist ISIS, still exists in remote extremist areas."
Al-Bayati concluded by saying, "The Western countries proposed to Iraq the activation of the railway between Basra and Mosul to transport goods to Europe, and Turkey is moving forward to participate in the path of development, and internal problems have hindered the activation of many agreements."
Wafaa Al-Fatlawi LINK
Clare: Al-Sudani from Washington: The development road and Al-Faw port projects will create a new Iraq
4/15/2024 Baghdad
Prime Minister Muhammad Shiaa Al-Sudani announced today, Monday, work on a study to establish a department for expatriate affairs. While he indicated that the signing of contracts with Total, the fifth round, and the national effort will enable Iraq to achieve gas self-sufficiency, he stressed that the Development Road and Al-Faw Port projects will create a new Iraq.
The Prime Minister's Media Office stated, in a statement received by Al-Iqtisad News, that "Al-Sudani met with the Iraqi community in Washington and other American states, on the sidelines of his official visit to the United States of America."
He continued, "The Prime Minister expressed his pride and appreciation for the Iraqi communities in the United States and the rest of the world," stressing that "Iraq is for all Iraqis, and the country needs the expertise, experiences, opportunities, and initiatives of Iraqi figures in America."
He pointed out, "Working on a study to establish a department for expatriate affairs, in order to achieve effective communication with Iraqi communities in the world, as the government is looking for competencies away from quotas."
He added, "Our visit to the United States is important to clarify our vision about the shape of the relationship with America," noting that "America granted Iraq preferences in customs exemption and a memorandum was signed with financing institutions worth 5 billion dollars, all of which are not activated within the strategic framework agreement."
He explained, "Iraq today is different from what it was in 2014, because ISIS no longer poses a threat to Iraq," pointing out that "we want to move to bilateral relations with the countries of the international coalition after the victory over ISIS, similar to the countries of the region, including security relations." .
He stated that "the first meeting of the founding committee stipulated in the framework agreement will be held, and there will be periodic meetings of this committee," stressing that "Iraq is witnessing today an unprecedented recovery, stability, security, real development, and tangible services in all parts of Iraq."
The Prime Minister stated, "The government's first step was to reform oversight institutions, and our measures in combating corruption are professional and not vindictive, as we recovered a lot of money and those wanted in corruption cases who hold other nationalities, and some of the wanted persons voluntarily surrendered themselves to the judiciary."
He pointed out, "The signing of contracts with Total, the fifth round, and the national effort will enable Iraq to achieve gas self-sufficiency within 3-5 years, in addition to starting projects related to refineries," explaining that "2024 will be the last year for importing oil derivatives."
He noted, "Iran is a neighboring country with which we have common interests, and America is a strategic ally and our relationship with it is important, as the relationship with Iran and the United States is an advantage for Iraq, and can be used to reduce tension, and this is what happened in all crises in the region."
He pointed out, "The US Treasury recorded observations on the work of banks in previous years, and not during the current government that adopted the electronic platform."
He pointed out, “The industrial and agricultural sectors were activated, and idle factories were operated, such as fertilizer, iron and steel production factories,” stressing that “the basis of economic advancement is the belief in the role of the private sector, which was supported by the government.”
He stated that "the development road and Al-Faw port projects will create a new Iraq," pointing out that "the development road is the least expensive and fastest project for transporting goods, and its first principles will be signed during the Turkish president's visit soon." LINK
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Clare: Kurdish MP: Sudanese success in the dollar crisis is the most important step in his visit to Washington
4/15/2024 Sulaymaniyah
Today, Monday (April 15, 2024), the representative of the Patriotic Union of Kurdistan, Iman Abdel Razzaq, considered that the success of Prime Minister Muhammad Shiaa Al-Sudani in addressing the dollar crisis is the most important step if completed with his visit to Washington.
Abdel Razzaq said in an interview with “Baghdad Today” that “the Sudanese’s success in this file, lifting the ban on Iraqi banks, and pumping the dollar naturally is the most important success for the Sudanese government if it is fully achieved.”
She added, "The citizen suffered from the dollar crisis, exhausted his pocket, and raised market prices. Therefore, the Sudanese's success in addressing it will be important, and we believe that the visit will be able to address the crisis in agreement with US President Joe Biden."
Officials from the Central Bank of Iraq, led by the Governor of the Bank, Ali Al-Alaq, are among the delegation accompanying the Sudanese on his visit to Washington, while the issue of lifting the ban on some banks prohibited from dealing in dollars in Iraq is on the agenda of the Sudanese visit. LINK
CclareL Al-Sudani: We are working to move from the military relationship to a full partnership.. And Biden: We are committed to the interests of Iraq
4/15/2024
Prime Minister Muhammad Shiaa Al-Sudani met with US President Joseph Biden at the White House in Washington, DC
Al-Sudani said during the meeting:
We are working to move from a military relationship to a full partnership with the United States
. Our visit to Washington comes at a sensitive and delicate time
Our visit to Washington is important in the history of the relationship between the two countries
The war on ISIS was the basis of cooperation between Iraq and the United States
Victory over the terrorist ISIS is important and was achieved through the sacrifices of Iraqis and the support of friends
- Iraq is in the process of recovery and is witnessing development in service projects
-We will discuss sustainable partnership on the basis of the Strategic Framework Agreement
-We will adhere to the outcomes of the Supreme Coordination Committee between Iraq and the United States
My government is serious about implementing this agreement
My presence in Washington brings with it the desire to improve the situation in Iraq and provide services
We are committed to various issues, especially what is happening in the region
-We agree on the principles of international law
We reject any attack on civilians, especially children and women
We care very much about stopping the devastating war in Gaza
We hope that all parties concerned will exercise restraint
- We are committed to protecting diplomatic missions
-: We want to stop the expansion of the conflict in the region
We are working to move from a military relationship to a full partnership with the United States
US President Joe Biden said:
We are determined to avoid the expansion of the conflict in the Middle East
We are committed to protecting the interests of America and its partners in the region, including Iraq LINK
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Clare: Full details of the Sudanese and Biden meeting at the White House - urgent
4/15/2024 Baghdad
Prime Minister Muhammad Shiaa Al-Sudani met this Monday evening (April 15, 2024) with US President Joseph Biden at the White House in Washington, DC.
Al-Sudani said during the meeting, "We are working to move from the military relationship to a full partnership with the United States."
Al-Sudani added, "Our visit to America comes at a sensitive time and shows the importance of relations between the two countries."
The Sudanese addressed Biden by saying: “We will transfer the military relationship to a comprehensive partnership with you, and my visit confirms the importance of the relationship.”
He stated, "Our visit to Washington comes at a sensitive and delicate time," adding, "Our visit to Washington is important in the history of the relationship between the two countries."
Al-Sudani noted, “The war against ISIS was the basis of cooperation between the two countries.”
For his part, Biden said that the United States is "committed to protecting the interests of America and its partners in the region, including Iraq."
He added, "We are determined to avoid the expansion of the conflict in the Middle East." LINK
Currency Insider Iraqi Dinar – Dong Monday AM 4-15-24
Currency Insider Iraqi Dinar – Dong Monday AM 4-15-24
Finally Exchange Rate Out After IMF Meeting – 2:23
Iraq has completed it’s homework now it’s time to cash out – 2:37
Vietnam Dong Rate Massive Rise – 1:09
Iraqi dinar Investors it’s your time be ready for millionaires – 2:04
Currency Insider Iraqi Dinar – Dong Monday AM 4-15-24
Finally Exchange Rate Out After IMF Meeting – 2:23
Iraq has completed it’s homework now it’s time to cash out – 2:37
Vietnam Dong Rate Massive Rise – 1:09
Iraqi dinar Investors it’s your time be ready for millionaires – 2:04
Finally Exchange Rate Out After IMF Meeting – 2:23
Iraq has completed it’s homework now it’s time to cash out – 2:37
Vietnam Dong Rate Massive Rise – 1:09
Iraqi dinar Investors it’s your time be ready for millionaires – 2:04
The 7 Worst Things You Can Do If You Owe the IRS
The 7 Worst Things You Can Do If You Owe the IRS
December 6, 2023 By Jennifer Taylor GoBankingRates
You’re in debt to Uncle Sam. This probably isn’t a great feeling, but you have to face it.
Maybe you have the money to pay your tax bill or perhaps you don’t. If not, you have many options, so don’t take any of the following.
Using a Credit Card To Pay Your Taxes
Charging IRS debt to your credit card might be easy in the short term, but doing so can be a costly choice.
“The IRS interest rate changes quarterly, but it’s hovered around 8% in recent years,” said Brad Paladini, tax attorney and owner of Paladini Law, a tax law firm. “Credit card interest is usually around 22%, meaning that if a taxpayer uses a credit card to pay their taxes, they are paying almost three times as much in interest than if they paid the IRS directly.”
The 7 Worst Things You Can Do If You Owe the IRS
December 6, 2023 By Jennifer Taylor GoBankingRates
You’re in debt to Uncle Sam. This probably isn’t a great feeling, but you have to face it.
Maybe you have the money to pay your tax bill or perhaps you don’t. If not, you have many options, so don’t take any of the following.
Using a Credit Card To Pay Your Taxes
Charging IRS debt to your credit card might be easy in the short term, but doing so can be a costly choice.
“The IRS interest rate changes quarterly, but it’s hovered around 8% in recent years,” said Brad Paladini, tax attorney and owner of Paladini Law, a tax law firm. “Credit card interest is usually around 22%, meaning that if a taxpayer uses a credit card to pay their taxes, they are paying almost three times as much in interest than if they paid the IRS directly.”
Failing To Stay in Compliance With the IRS
“The IRS is usually very willing to arrange a resolution for past-due tax debt, whether it be an installment agreement, an offer in compromise or hardship status,” Paladini said. “But the IRS requires that the taxpayer remain ‘current’ with the taxes.”
Going forward, he said this means you’ll need to file all returns on time and pay all future taxes on time.
“If the taxpayer fails to do so, she’ll default whatever arrangement was made with the IRS,” he said.
Ignoring the Problem Until It’s Too Late
“Taxpayers will know there’s an outstanding tax debt, but will ‘bury their head in the sand’ and ignore it,” Paladini said. “Eventually, the IRS will wipe out their bank accounts or garnish their wages to recoup their money.”
If it comes to this, he said it will be much harder to try and resolve than if you had proactively reached out to the IRS to settle it.
Not Understanding Your Options
If you owe money to the IRS, Paladini said, you have six payment options, including an installment agreement, offer in compromise, currently non-collectible status, penalty abatement, innocent spouse relief and bankruptcy.
“Each of these options has separate requirements,” he said. “Trying to navigate that path on your own can be extremely difficult.”
If you need help navigating what’s best for your unique situation, he said you should reach out to a tax professional.
To Read More:
Thoughts From DJ: "Conspiracy Theories" 4-15-2024
DJ: DID YOU KNOW? Conspiracy Theories
Is the whole enigma of the GCR/RV/Historical Asset Redemption nothing more than a conspiracy theory? If so, to what end is it being spread?
Conspiracy theories can work both ways. It can be a theory of good things to come or a theory of nefarious plotting. At least I get the nefarious plotting concepts. It’s easy to see the end goal of spreading a conspiracy to maneuver people to your way of thinking, whatever that agenda may be. But conspiracy theories of “good things to come” appear to have no agenda other than benefits for all.
Is it to keep the masses dwelling on the hope of a better future in order to distract us from the nefarious activities secretly manipulating our lives? Is there such a thing as a conspiracy theory about a conspiracy theory?
DJ: DID YOU KNOW? Conspiracy Theories
Is the whole enigma of the GCR/RV/Historical Asset Redemption nothing more than a conspiracy theory? If so, to what end is it being spread?
Conspiracy theories can work both ways. It can be a theory of good things to come or a theory of nefarious plotting. At least I get the nefarious plotting concepts. It’s easy to see the end goal of spreading a conspiracy to maneuver people to your way of thinking, whatever that agenda may be. But conspiracy theories of “good things to come” appear to have no agenda other than benefits for all.
Is it to keep the masses dwelling on the hope of a better future in order to distract us from the nefarious activities secretly manipulating our lives? Is there such a thing as a conspiracy theory about a conspiracy theory?
The world hates the truth and all that share it, to the point that if you share truth you will eventually be hated by the world, if you’re not already. The small-minded and insecure of the world will always find somebody to hate. And with some equally dumb reason to hate them.
These are the people who treat confirmation bias as confirmation, rumor as research, and innuendo as proof. They falsely label ideas and behaviors unconnected to reality as a heroic search for truth while vilifying those who actually search for truth.
More information means less ignorance and a greater chance of rational and better decisions and not those based on illusion, hope, preconceived notions or perceptions. I’ve said it before but it’s worth repeating. We want to love the idea that people are secretly working together to control and organize the world. It’s a “good” conspiracy theory. Or is it because we don’t like to face the fact that our world runs on a combination of chaos, incompetence and confusion? We would rather accept a conspiracy theory as fact rather than be vilified for seeking the truth.
The GCR/RV has a logical purpose. All you have to do is do the math. It’s not a want, it is a necessity. The structure and efficiency of the current global financial system no longer works. Everyone knows it. The GCR/RV is only one of many mechanisms formulated to fix it.
What those other mechanisms are, who really knows. One can only speculate. But the fact is, it is the natural evolution of the ever growing financial needs of an ever growing world. Seek the truth, disregard conspiracy theories that have no rationale and try listening to people who’s biggest aspirations in life was to make it out of high school after two senior years.
DJ
Iraq Economic News and Points to Ponder Late Sunday Evening 4-14-24
Iraq Economic News and Points to Ponder Late Sunday Evening 4-14-24
Tlm724 Administrator Bondlady’s Corner
Expert: The Central Bank Is An Obstacle To Sudanese Economic Directives
Economy | 04/13/2024 Mawazine News – Baghdad The economic expert, Mustafa Akram Hantoush, confirmed today, Wednesday, that the Central Bank of Iraq is an obstacle due to its delay in implementing the economic directives of Prime Minister Muhammad Shiaa Al-Sudani.
Hantoush told Mawazine News, “The Central Bank is standing in the way due to its delay in implementing the Prime Minister’s directives to launch the initiative for loans for small, medium and large projects, as well as residential ones.”
He added, "The current central bank policy will contribute to delaying the wheel of development by leaving the national banking sector and allowing foreign banks to enter the Iraqi market."
He pointed out that "Iraqi law sets the percentage of foreign ownership at 49%, while today we see many banks owned by foreigners at rates of more than 50%, which is against the law."
Iraq Economic News and Points to Ponder Late Sunday Evening 4-14-24
Tlm724 Administrator Bondlady’s Corner
Expert: The Central Bank Is An Obstacle To Sudanese Economic Directives
Economy | 04/13/2024 Mawazine News – Baghdad The economic expert, Mustafa Akram Hantoush, confirmed today, Wednesday, that the Central Bank of Iraq is an obstacle due to its delay in implementing the economic directives of Prime Minister Muhammad Shiaa Al-Sudani.
Hantoush told Mawazine News, “The Central Bank is standing in the way due to its delay in implementing the Prime Minister’s directives to launch the initiative for loans for small, medium and large projects, as well as residential ones.”
He added, "The current central bank policy will contribute to delaying the wheel of development by leaving the national banking sector and allowing foreign banks to enter the Iraqi market."
He pointed out that "Iraqi law sets the percentage of foreign ownership at 49%, while today we see many banks owned by foreigners at rates of more than 50%, which is against the law."
Monopoly In Banking Services
Economy News – Baghdad Yasser Al-Metwally In a remarkable step, there is a reading in the recent directives of the Prime Minister regarding stimulating the activity of the private banking sector, as an important paragraph indicated that the Council for Competition and Monopoly Affairs was authorized to take the necessary measures to prevent monopoly in banking services, and this is the paragraph that I stopped at and pondered a lot...
The title was striking and an unprecedented step that, if successful, will create a qualitative leap in the performance of the private banking sector and push it to return to practicing its basic activity of providing credit and loans aimed at achieving the required economic development.
I am certain that one of the most prominent reasons for the decline in the performance of the banking sector is its duties assigned to it by the Banking Law, which is the practice of the activity of banking services and products, such as deposits, credit, and lending, given that deposits are the basis of banking activity, but the government banking sector’s monopoly on banking services and the deprivation of private banks has created an imbalance in the performance of private banks. .
Among these services are government deposits, restricting them to government banks, and depriving private banks of benefiting from them in order to invest them in serving borrowers, which has limited them, and I mean private banks, to rely entirely on the currency window to conduct banking affairs.
Thus, these procedures contributed to neutralizing private banks from performing their development role and pushing them to deviate from their banking duties, and this language is understood by specialists.
If the Competition Affairs Council succeeds in this mission, the directives will bear fruit and achieve their goals.
This is at the level of government monopoly on banking services and its restriction to public (governmental) banks.
To be fair, a new phenomenon of monopoly in banking services has recently emerged, which is summed up by the reliance of a limited number of private banks on dealing in dollars, and this is what was imposed by the circumstances of collective sanctions on many private banks.
Here, the Competition Commission must take this aspect of monopoly seriously and search for means to dismantle this type of monopoly by some private banks, especially those with external partnerships. Note that I am not against participation and I do not target these banks,
but to be fair I say that it is unfair for banks participating with foreign countries, regardless of their nationality, to enjoy state funds and to deprive a number of steadfast Iraqi local banks that received a strong blow with penalties for various reasons, most of which are violations. Call them whatever you want and it is possible to address their deprivation. of dealing in dollars and affected its performance.
We hope that this phenomenon will be studied and fair measures will be taken so that banks are equal in their tasks and duties, that there will be no monopoly on banking services, and that an integrated and competitive banking market will be achieved at the same time.
Views 55 04/14/2024 - https://economy-news.net/content.php?id=42441
The General Authority Of The National Bank Of Iraq Announces An Increase In Its Capital To 400 Billion Dinars And The Distribution Of Cash Dividends At A Rate Of (20%)
Economy News – Baghdad The General Authority of the National Bank of Iraq announced the approval of the Board of Directors’ recommendation to increase the bank’s capital from 300 billion Iraqi dinars to 400 billion dinars through the balance of retained earnings and distributing them as free shares to shareholders and working to amend Clause Five of the bank’s articles of incorporation, praising the policies and instructions of the Central Bank of Iraq.
Which was distinguished by its “flexibility and rapid response” to economic and political changes, while pointing out the completion of all technical requirements for launching the Swiss T24 system and preparing for the adoption of the anti-money laundering system “IML Sirion”.
The bank said in a statement received by Al-Eqtisad News that the general assembly of the bank approved, during its annual meeting, the distribution of cash dividends to shareholders at a rate of (20%) of the bank’s capital, in addition to the Board of Directors’ report and the financial statements of the National Bank of Iraq for the year 2023 and its future plans, especially those related to Financing the opening of 7 branches of the bank during the current year 2024 from retained earnings.
The Chairman of the Bank’s Board of Directors, Bassem Khalil Al-Salem, explained that “the Central Bank of Iraq’s monetary policies and banking instructions during the year 2023 were characterized by flexibility and rapid response to economic and political changes, which contributed to preserving the pillars of monetary stability and supporting exchange rate stability, which strengthened the role of the Iraqi banking sector and maintained... “Its durability, protected the rights of depositors and shareholders, and increased their confidence in the sector.”
Al-Salem pointed out that, “by the end of the year 2023, the National Bank of Iraq achieved distinguished financial performance, after recording net profits after tax of 190 billion Iraqi dinars, compared to 27.5 billion Iraqi dinars during the year 2022, and net interest income increased from 67.6 billion Iraqi dinars.”
To 99.8 billion Iraqi dinars, with a growth rate of 46%, and total income increased from 108.1 billion Iraqi dinars to 343.1 billion Iraqi dinars, with a growth rate of 217%,”
explaining that “these results reflect the effectiveness of the bank’s business strategy, which focuses on basic banking services, the most important of which are bank loans.” For individuals, large, medium and small companies and trade finance services for large companies.”
According to Al-Salem, “The volume of customer deposits increased from 1.5 trillion Iraqi dinars in the year 2022 to 2.9 trillion Iraqi dinars in the year 2023, with a growth rate of 90%, and the total direct credit facilities also increased from 951 billion Iraqi dinars to 1.3 trillion Iraqi dinars, with a growth rate of 38%.” %,” indicating that “this growth came as a result of the expansion of loans granted to the category of employees whose salaries were localized with the bank, in addition to small, medium and large companies.”
Al-Salem pointed out that “the growth of various financial indicators contributed to an increase in the bank’s assets by 65% to reach about 3.9 trillion Iraqi dinars, the highest in the bank’s history,” pointing out that this increase reflects the growth in the volume of banking business, the increase in the bank’s market share, and the strengthening of its ability to provide banking services to its customers.
For his part, the authorized director of the National Bank of Iraq, Ayman Abu Dhaim, said, “The growth in the bank’s business also included a noticeable expansion in its customer base, which reached 210,000 customers in the year 2023, compared to 57,000 customers in the year 2022,” indicating “the expansion as well.” In the ATM network, adding 50 new machines around Iraq, bringing the total number to 190 machines.
Regarding geographical expansion, Abu Dhaim explained, “The bank opened 5 new branches in the year 2023, bringing the total to 31 branches, including one branch in the Kingdom of Saudi Arabia, which provided great added value to Saudi and Iraqi companies by facilitating sending and receiving internal transfers.” Foreign affairs, granting credit facilities, and providing trade financing services.
Abu Dhaim stated, “The National Bank of Iraq opened a number of advanced centers for counting and sorting cash, and a section dedicated to external transfers to ensure the provision of distinguished service to the bank’s customers from large, medium and small companies,” explaining that the bank offers a variety of new products that meet the needs of its customers and enhance their banking experience.
In addition to providing custodian services, after obtaining official approvals from both the Securities Commission and the Iraqi Stock Exchange, this service aims to protect Iraqi and foreign investors and provide them with all investment services.
At the level of international cooperation, Abu Dhaim pointed out that “the National Bank of Iraq opened a new account with JPMorgan and increased financial transactions with Citibank, in addition to signing a financing agreement with the US International Finance and Development Corporation (DFC),”
pointing to “a commitment The bank is keeping pace with the latest technological developments and enhancing information security and the efficiency of banking services, as it worked to complete all the technical requirements to launch the T24 banking system, the best and most modern in the world from the Swiss company Temenos, which was launched at the beginning of 2024.
We also made technical preparations to launch a new anti-money laundering management system (AML). Sirion".
Abu Dhaim stated, “The Iraqi National Installment Company began its work during the year 2023, as it provides car selling services in installments to customers whose salaries have been settled with the National Bank of Iraq.”
Regarding the bank’s future plans, Abu Dhaim confirmed that “the bank will continue to expand its branch network, which will be increased by 7 branches to reach 38 branches by the end of 2024. The ATM network will also be expanded and increased to reach 400 tellers, in addition to focusing on developing and marketing services.
” Electronic banking, increasing the bank’s share in financing trade for large companies, expanding the salary localization project and financing small and medium-sized companies, in addition to expanding the attraction of deposits from individuals, companies, and official government institutions, armed with the confidence the bank has gained in the banking sector supported by its financial results and advanced services.” Views 137 04/14/2024 - https://economy-news.net/content.php?id=42437
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
Provoking Points To Ponder On Failures and Mistakes
We learn courageous action by going forward whenever fear urges us back. A little boy was asked how he learned to skate. "By getting up every time I fell down," he answered.- David Seabury
If I had to live my life over again, I'd dare to make more mistakes next time.- Nadine Stair
Failure is only postponed success as long as courage 'coaches' ambition. The habit of persistence is the habit of victory.- Herbert Kaufman
Entrepreneurs average 3.8 failures before final success. What sets the successful ones apart is their amazing persistence. There are a lot of people out there with good and marketable ideas, but pure entrepreneurial types almost never accept defeat.- Lisa M. Amos
Success is going from failure to failure without loss of enthusiasm.- Winston Churchill
I don't accept defeat as final. Only death is final - and even then I hope for a reprieve.- Phil Gramm
http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html
News, Rumors and Opinions Monday AM 4-15-2024
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 Mon. 15 April 2024
Compiled Mon. 15 April 2024 12:01 am EST by Judy Byington
Judy Note Correction on Zim Bond Redemption: Thanks to Becky Subrahmanyam and MarkZ I have learned that this statement I made in past reports is not true: “Zimbabwe has announced their gold-backed currency and their bonds must be redeemed by Tues. 30 April 2024.” There are three kinds of Zim money: 2008-2009 Zim Bonds, Zim fiat money and the new asset-backed Zig.
MarkZ explained: “The Zim fiat money must be redeemed by Tues. 30 April 2024 for the new Zig. The time limitation has nothing to do with 2008-2009 Trillion Series Zim Bonds that we hope to exchange for USN. The gold/asset backed currency is the new Zig currency and it does not need to be redeemed. Only the Zim fiat money needs to be redeemed by Tues. 30 April 2024.” I apologize for any misunderstanding this may have caused. …Judy
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 Mon. 15 April 2024
Compiled Mon. 15 April 2024 12:01 am EST by Judy Byington
Judy Note Correction on Zim Bond Redemption: Thanks to Becky Subrahmanyam and MarkZ I have learned that this statement I made in past reports is not true: “Zimbabwe has announced their gold-backed currency and their bonds must be redeemed by Tues. 30 April 2024.” There are three kinds of Zim money: 2008-2009 Zim Bonds, Zim fiat money and the new asset-backed Zig.
MarkZ explained: “The Zim fiat money must be redeemed by Tues. 30 April 2024 for the new Zig. The time limitation has nothing to do with 2008-2009 Trillion Series Zim Bonds that we hope to exchange for USN. The gold/asset backed currency is the new Zig currency and it does not need to be redeemed. Only the Zim fiat money needs to be redeemed by Tues. 30 April 2024.” I apologize for any misunderstanding this may have caused. …Judy
Timing of Global Currency Reset: (RUMORS)
Sat. 13 April Wolverine on the latest news from Rod Steel: “My friend spoke with Patriot Rod Steel today and confirmed that he spoke to some title agents and they received funds. I’m told the paperwork has just been completed and the Admiral will release everything on Monday 15 April. The Iraqi government will release the new ‘lower denomination’ banknotes this week and then publish the new Dinar exchange rate (4+) which will be published in the Official Gazette on Sunday 14 April and then move to FOREX next Monday.
My very close friend reviewed this information with two other contacts – someone very close to the Admiral, who works with him daily. And the second gentleman is very close to those on Bond’s side who are regularly privy to the details. Both are also in line with Rod’s news, which is extremely encouraging. We also know that Mark is hearing similar stories.”
More from Ginger: “I can’t give details because I’m sworn to secrecy, but I can say that the documents were signed by people we know AND others heard good news from their group leaders on the T3 Bond side. I personally don’t know anyone in T3 who has liquid funds to spend so far, but I’m very happy with all the news we’re getting. I am firm and stable, being optimistic.”
On Sat. 13 April Iraqi Prime Minister Sudani and his delegation arrived in Washington DC. The delegation included a few plane loads of 964 people: his entire cabinet, Oil Minister and his delegation, Finance Minister and her delegation, CBI and Alaq’s delegation and military personnel. The Stock Market is down for EID from the 9th till the 13th.
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Oil Crisis Alert: The Straights of Hormuz will likely be shut down by Iran. https://x.com/jimfergusonuk/status/1779278505772978415?s=46
The costs of Fuel will skyrocket and there will be shortages not only in the Middle East but across the West. If Iran were to shut down the Strait of Hormuz, it would likely have significant global repercussions, particularly for the oil market.
This narrow passage is one of the world’s most crucial maritime chokepoints, through which about a fifth of global petroleum consumption passes.
Closure of the strait could disrupt oil shipments from major producers like Saudi Arabia, the UAE, and Iraq, leading to a sharp increase in oil prices worldwide. Such an event would also trigger economic uncertainty and could provoke a strong military and diplomatic response from countries dependent on these oil routes, including the United States and other Western nations.
Moreover, the closure could heighten geopolitical tensions in the Middle East, potentially leading to conflicts and further instability in the region.
Read full post here: https://dinarchronicles.com/2024/04/15/restored-republic-via-a-gcr-update-as-of-april-15-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Sudani is walking on the yellow brick road to Washington DC . This is going to be historical trip...not just for Iraq, for both sides...the trip to Washington DC is crucial.
Militia Man Iraq has met the required security and stability in country that is needed to be productive and to perform her duties as a nation to her people in a correct and internationally acceptable manner. If she hadn't she wouldn't be where she is now, which is out from under the protection of EO 13303 outside the DFI.
Jamie Dimon Issues An URGENT Warning
Atlantis Report: 4-15-2024
Jamie Dimon the CEO of Chase Bank Just Gave A Serious Warning as some search for chase bank login they should hear this warning about interest rates.
His recent pronouncements about the U.S. economy have sent ripples through financial markets and sparked concerns about a potential economic downturn.
As the head of one of the world's largest and most influential banks, Dimon's words carry significant weight and have caught the attention of policymakers, investors, and the general
public. This news has caused a stir in the financial world. Today, Dimon's warning changes everything.
"Tidbits From TNT" Monday Morning 4-15-2024
TNT:
Tishwash: With the participation of 100 companies from 13 countries...the oil, gas and energy exhibition activities will start tom
The activities of the Oil, Gas and Energy Exhibition will be launched in Basra Governorate tomorrow, Tuesday, sponsored by the Ministry of Oil and with the participation of 100 companies.
Basra International Exhibition Media and Relations Officer, Osama Majeed, told the National Iraqi News Agency ( NINA ) that all preparations for the opening of the Iraq Oil, Gas, Energy and Oil Equipment Exhibition, scheduled to be held for the period from 16 to 19 of this month, have ended. On the grounds of the Basra International Fair next Tuesday at 11 am.
He added, "There are more than 100 local, Arab and international companies from 13 countries, including Iraq, Switzerland, the United States, China, Saudi Arabia, Turkey, Iran, France, Japan, Britain, Egypt, and the Emirates, with various specializations in oil and energy industry technology. They will participate in the exhibition."
Majeed pointed out that The exhibition will be open to visitors from eleven in the morning until five in the evening. link
TNT:
Tishwash: With the participation of 100 companies from 13 countries...the oil, gas and energy exhibition activities will start tom
The activities of the Oil, Gas and Energy Exhibition will be launched in Basra Governorate tomorrow, Tuesday, sponsored by the Ministry of Oil and with the participation of 100 companies.
Basra International Exhibition Media and Relations Officer, Osama Majeed, told the National Iraqi News Agency ( NINA ) that all preparations for the opening of the Iraq Oil, Gas, Energy and Oil Equipment Exhibition, scheduled to be held for the period from 16 to 19 of this month, have ended. On the grounds of the Basra International Fair next Tuesday at 11 am.
He added, "There are more than 100 local, Arab and international companies from 13 countries, including Iraq, Switzerland, the United States, China, Saudi Arabia, Turkey, Iran, France, Japan, Britain, Egypt, and the Emirates, with various specializations in oil and energy industry technology. They will participate in the exhibition."
Majeed pointed out that The exhibition will be open to visitors from eleven in the morning until five in the evening. link
Tishwash: Iraq and 13 Arab countries possess about 1,500 tons of global gold reserves
The World Gold Council revealed on Monday that Iraq and 13 Arab countries possess approximately 1,500 tons of global yellow metal reserves.
The Council said in its latest schedule for the month of April, which Al-Iqtisad News reviewed, that “Iraq, Algeria, Egypt, Lebanon, Saudi Arabia, Libya, Qatar, Kuwait, Jordan, Syria, Morocco, Tunisia, Bahrain, and Yemen, their global reserves of gold amounted to one million and 481 thousand kilograms.”
He added, "Iraq maintained its ranking of 30th globally out of the 100 countries listed in the table with the largest gold reserves, as its gold possessions amounted to 142.6 tons, which represents 8.4% of the rest of its other reserves."
He pointed out that "the United States of America tops the list with the largest possession of gold in the world with 8,133.5 tons, followed by Germany with 3,352.3 tons, then Italy with 2,451.8 tons, while Yemen ranked 99th with 1.5 tons, followed by Bosnia and Herzegovina with the same amount of 1.5 tons."
The Council stated that “Iraq announced on June 27, 2022, the purchase of new quantities of gold amounting to approximately 34 tons, an increase of 35% over what it had in possession, while in May it announced the purchase of 2.3 tons of gold.”
It is noteworthy that the World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest gold mining companies in the world. link
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Tishwash: Al-Sudani speaks to the community in Washington about Iraq's recovery and the government's achievements
Today, Monday, Prime Minister Muhammad Shiaa Al-Sudani met with the Iraqi community in Washington and other American states, and spoke about the government’s achievements in reforming institutions. He also stressed Iraq’s need for the expertise of its people abroad.
Al-Sudani’s office statement:
The Prime Minister, Mr. Muhammad Shiaa Al-Sudani, met with the Iraqi community in Washington and other American states, on the sidelines of his official visit to the United States of America.
His Excellency expressed his pride and appreciation for the Iraqi communities in the United States and the rest of the world, and stressed that Iraq is for all Iraqis, and the country needs the expertise, experiences, opportunities, and initiatives of Iraqi figures in America.
Mr. Al-Sudani announced work on a study to establish a department for expatriate affairs. In order to achieve effective communication with Iraqi communities in the world, the government is looking for competencies away from quotas.
The following are the highlights of what the Prime Minister spoke during his meeting with the Iraqi community in the United States of America:
Our visit to the United States is important; To clarify our vision about the shape of the relationship with America.
America granted Iraq preferences in customs exemptions, and a memorandum was signed with financing institutions worth $5 billion, all of which is not activated within the strategic framework agreement.
Iraq today is different from what it was in 2014. Because ISIS no longer poses a threat to Iraq.
We want to move to bilateral relations with the countries of the international coalition after the victory over ISIS, similar to the countries of the region, including security relations.
The first meeting of the founding committee stipulated in the framework agreement will be held, and there will be periodic meetings of this committee.
Iraq today is witnessing unprecedented recovery, stability, security, real development, and tangible services throughout Iraq.
The government's first step was to reform regulatory institutions, and our anti-corruption measures are professional and not vindictive.
We recovered a lot of money from people wanted in corruption cases who held other nationalities, and some of the wanted persons voluntarily surrendered themselves to the judiciary.
Signing contracts with Total, the fifth round, and the national effort will enable Iraq to achieve gas self-sufficiency within 3-5 years.
We have started with projects related to refineries, and 2024 will be the last year for importing petroleum derivatives.
Iran is a neighboring country with which we have common interests, and America is a strategic ally and our relationship with it is important.
The relationship with Iran and the United States is an advantage for Iraq, and can be used to reduce tension, and this is what happened in all crises in the region.
The US Treasury recorded observations on the work of banks in previous years, and not during the current government that adopted the electronic platform.
We activated the industrial and agricultural sectors, and idle factories were restarted, such as fertilizer, iron and steel production plants.
The basis of economic advancement is the belief in the role of the private sector, which has been supported by the government.
The development road and Al-Faw port projects will create a new Iraq.
The development road is the least expensive and fastest project for transporting goods, and its first principles will be signed during the Turkish President’s visit soon. link
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CandyKisses: The Sudanese opens the agendas of his files in front of Biden Most notably, the American presence and the tension in the region
Mawazine News-Baghdad
Meets Prime Minister Mohammed Shia Al-Sudani in the evening On Monday at the White House, US President Joe Biden, as the two sides discuss files Vital issues dealing with various economic, political and security fields and ways to activate Vital sectors of the strategic framework agreement signed between the two countries.
Ahead of his meeting with Biden, he will meet with the Sudanese minister. US State Department Antony Blinken, and after the conclusion of the White House meeting, the head of the Ministers and the accompanying Iraqi delegation to the Pentagon building and the Ministry of Defense where he meets with Secretary of Defense Louis Austin, and then holds an expanded meeting with U.S. Undersecretary of the Treasury Wali Adimo in the presence of Finance Minister Taif Sami and Governor Central Bank of Iraq Ali Al-Alaq.
The Prime Minister met on Sunday evening, in The second day of his official visit to Washington, the White House coordinator for the Middle East and Amos Hochstein's energy adviser.
The Sudanese also met yesterday evening, a group of sons of The Iraqi community residing in the United States of America in the presence of the Ministers of Planning Oil and a number of MPs are part of the delegation visiting Washington and the Iraqi ambassador to America Nizar Good God.
In addition, the Investment and Development Committee announced Parliamentary, on Sunday, there is parliamentary support for the Prime Minister's steps to activate the terms of the agreement Strategic framework, indicating that activating the terms of the agreement will advance the country's economic reality And commercial, investment and health.
A member of the committee, Osama al-Badri, said that "The visit of Prime Minister Mohamed Shia Al-Sudani to Washington is very important to activate the terms of Strategic Framework Agreement, which includes the commercial and economic sectors investment, health, educational, agricultural and cultural to advance the reality of the country to the best,"
He said, expressing his hope that "this agreement will be done in the right way from before the Iraqi and American sides." He pointed to "the importance of supporting the bloc Political participation in the Government for the Prime Minister's steps in supporting the implementation of the Convention, and that It gives it a lot of space and enough space to proceed with this agreement," he explained. "The representatives representing the Iraqi people support the activation of the provisions of this agreement, which will be in the interest of the Iraqi people."
Prime Minister Mohamed Shia al-Sudani, confirmed on Saturday, before leaving Baghdad for the United States of America, "The aim of the visit to Washington is to take the relationship between the two countries to a new stage and activating the Strategic Framework Agreement," pointing out that "the Framework Agreement The strategy is in line with the government program and the reforms it contains. economical."
He noted that "The visit will witness the first meeting of the Joint Coordinating Committee on the implementation of Strategic Framework Agreement, which has not held any meeting since the adoption of the agreement", He pointed out that "the meeting of the Coordinating Committee will deal with trade and energy files. investment, education, transport, culture, anti-corruption and asset recovery."
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CandyKisses: Al-Karawi: The resistance will not stand idly by if Bidens refuses to remove his forces from Iraq
Information / Baghdad...
The head of the coordinating body of the popular movement for the Belt and Road, Hussein Al-Karawi, said on Monday that the Islamic resistance in Iraq will not remain idle if Biden rejects the decision of the Iraqis to leave the country.
Al-Karawi told Al-Maalouma that "the Islamic resistance in Iraq will return to its qualitative operations against the American occupier and target its military bases that it controls if the Biden administration refuses to remove its forces from Iraq."
He added that "the visit of Prime Minister Mohammed Shia al-Sudani to Washington is a pivotal visit, which will decide the fate of the presence of foreign forces in Iraq."
Al-Sudani called for "having courage and resolving the issue of the exit of US forces from Iraq during his visit to Washington, and informing the US administration of the response of the resistance in the event of its rejection of the people's decision to remove the occupier from the country, especially since the resistance will not remain idle in front of the US military presence."
Prime Minister Mohammed Shia al-Sudani left yesterday for Washington, to discuss a number of issues, including the removal of foreign forces from Iraq and the liberation of Iraqi funds from the US Federal Bank.
Mot ..... WHAT!!!??? Monday Morning
Mot: ... I Wish I Was a Kid again ~~~~~
Iraqi Dinar Today Video Updates Sunday Afternoon 4-14-24
Iraqi Dinar Today Video Updates Sunday Afternoon 4-14-24
JP Morgan And Chase Bank Great Announcement – 4:02
Massive News Happening Finally Announced On Tv – 3:54
Wow Wells Fargo Confirmed IQD Revaluation Time – 4:12
Iraqi Dinar Today Video Updates Sunday Afternoon 4-14-24
JP Morgan And Chase Bank Great Announcement – 4:02
Massive News Happening Finally Announced On Tv – 3:54
Wow Wells Fargo Confirmed IQD Revaluation Time – 4:12
JP Morgan And Chase Bank Great Announcement – 4:02
Massive News Happening Finally Announced On Tv – 3:54
Wow Wells Fargo Confirmed IQD Revaluation Time – 4:12
Goldilocks' Comments and Global Economic News Sunday Evening 4-14-24
Goldilocks' Comments and Global Economic News Sunday Evening 4-14-24
Good evening Dinar Recaps,
Yesterday – Isreal 2 m ago 15:32 Shortly before news that Iran had started firing drones at Israel, a short video speech by Benjamin Netanyahu was posted on his X handle. There, the prime minister said Israel had been preparing for years for a possible direct attack by Iran and its defense systems were deployed and prepare for any scenario. Here’s a link to that video and the official translation that accompanied it.
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Yesterday – Isreal Israel war updates: Iran launches drones at Israel as tensions soar. Iranian forces seize ship with ties to Israel in Strait of Hormuz amid escalating tension. |
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BREAKING: Iran Launches Strikes On Israel (Brace For Surging Oil!) |
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Goldilocks' Comments and Global Economic News Sunday Evening 4-14-24
Good evening Dinar Recaps,
Yesterday – Isreal 2 m ago 15:32 Shortly before news that Iran had started firing drones at Israel, a short video speech by Benjamin Netanyahu was posted on his X handle. There, the prime minister said Israel had been preparing for years for a possible direct attack by Iran and its defense systems were deployed and prepare for any scenario. Here’s a link to that video and the official translation that accompanied it. Bloomberg
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Yesterday – Isreal Israel war updates: Iran launches drones at Israel as tensions soar. Iranian forces seize ship with ties to Israel in Strait of Hormuz amid escalating tension. | USA Today
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BREAKING: Iran Launches Strikes On Israel (Brace For Surging Oil!) | Youtube
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Thus, nations that are actively at war experience a higher level of currency volatility compared to those not engaged in conflict. How global events affect the forex market. | Investopedia
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You have heard me say it before. Currency values have been known to change during wartime throughout history. Is history about to repeat itself? We are about to find out.
© Goldilocks
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Gold & silver breaking out! | Youtube
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"Focused on economic reforms. Sudanese: The goal of our visit to Washington is to activate the strategic framework agreement" | Search 4 Dinar | US Embassy
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"'China is about to start bidding' — Will Hong Kong Bitcoin ETFs spark the halving rally?"
The approval of Hong Kong's spot Bitcoin ETF this week is expected to be a catalyst for Bitcoin adoption and a huge driver of Bitcoin's price going forward.
This week is the Bitcoin halving. It will cut the supply of this cryptocurrency in half creating a scarcity effect making this asset "Digital Gold."
When the price of Bitcoin goes up, it is long been known that the rest of the cryptocurrencies on the market begin to rise along with it.
Hong Kong is expected to approve both Bitcoin ETF and Ether ETF on April 15th, 2024. This is tomorrow.
The ability to move money from the East to the West digitally at prices raising to their real values backed by gold and other commodities inside these tokenized assets is about to change the business world forever.
This is a historical event of unlimited magnitudes making its way into our banking system and trading system. It will change the way we do business and our way of living in countless ways.
The transition of our new Financial System in terms of International status and ability to move money is about to make history.
From Wall Street to the Shanghai Exchange, the new Digital Asset Based Trading System is creating a foundation for a new digital economy. Coin Telegraph CNBC
Buckle up, the plane in the world of Global Digital Financing is about to take off.
"All roads lead to gold, and "digital gold" will set us free."
© Goldilocks
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"Shanghai exchange sets trading limits on gold, copper futures as prices rally"
This past week, there was a huge rally in Gold and Copper. It was so great that limits had to be applied on its growth potential in the Future's Market.
Also, limits were placed on the Oil Market as well during this process. The Energy Transition is expected to be volatile, and trading limits such as these are temporarily applied to keep speculators from taking advantage of spot prices that can influence the price on the movement in these assets slowing the process down.
This tells us that the Banking, Markets, and Commodity sectors of the Market are preparing for our Energy Transition with actual steps showing us their intention for its fulfillment.
These new critical measures will create new paths and new price pressures on the Commodity Markets. Their price controls will enable a reset in the Bull run of our Metal Markets to take place efficiently and effectively.
This is a good indicator that our transition from the Stock Market to the Commodity Market is about to commence. Economic Times
"All roads lead to gold, and 'digital gold' will set us free."
© Goldilocks
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There are three sectors of the Market I have been watching on the US Debt Clock: oil, gold, and silver.
The "oil to solar" power has been filled in at this time. You just can't make these coincidences up. US Debt Clock
© Goldilocks
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The current growth wave can be broken down into two drivers. The first is the demand for Bitcoin and Ethereum. | FX Empire
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Ripple vs SEC: Parties File Joint Sealing Proposal | CNN
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Commercial Real Estate loans amount to about $5 trillion. Not all CRE sectors are in trouble. At one end of the spectrum: Industrial is still in good shape. At the other end of the spectrum: office is in terrible shape. Somewhere in the middle: There have been some big defaults in multifamily, but the sector is in much better shape than office. | WolfStreet
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MARKETS A LOOK AHEAD: NOW... EXPECT A DIRECT "ATTACK" (FF) ON THE US. Mannarino | Youtube
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We have a number of potential catalysts this week to shake up the markets.
© Goldilocks
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The Central Bank of Iraq decided to approve a request to extend the deadline for receiving requests from brokerage companies to buy and sell foreign currencies of category ( C ) through the merger. | CBI
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From Gold or Copper, Commodities Are 'Best Play' Amid Huge Gains | Business Insider
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Amazon Pay plans to offer credit on UPI | Financial Express
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America’s Bonds Are Getting Harder to Sell - WSJ
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Zimbabwe new currency faces odds amid economic woes - The East African
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US consumer sentiment declines in April, inflation expectations rise | Business Standard
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The London Metal Exchange banned deliveries of any Russian supplies of aluminum, copper and nickel.
Many are underestimating the implications of this.
Russia represents:
- 6% of global nickel supply
- 5% of aluminum
- 4% of copper
The metals world is changing.
Read: https://x.com/goldtelegraph_/status/1779592521011839080?s=46
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Russia holds the second largest mine gold reserves worldwide. | Statista
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It Happens In 5 days... | Youtube
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Anyone who does not believe that cryptocurrency has anything to do with the new Digital Banking System is in the Dark Ages.
After next week, we are going to see massive adoption of Bitcoin ETF and Ethereum ETF beyond just the United States of America Markets.
The new drivers of the new economy are Bitcoin and Ethereum at this point, this does not mean they will hold that position over time. It just means they are the first movers.
The liquidity that is about to come in the cryptocurrency market through this Bitcoin halving cannot be understated.
We are witnessing our bridge into the new Digital Banking System. As I have stated before, this is the first RV we are currently and still moving into at this point. This is Phase 1.
Phase 2 will encompass many changes to the Gold and Silver Markets going forward that will support and back our second RV. Our paper currency.
Credit Valuation Adjustments will be taking place on every level of our new Financial System going forward.
Remember, the new Financial system has many layers to it. Each layer stacks one on top of the other to support each other. The moment of truth is here. As one Financial System falls, the building blocks to the new Digital Economy are about to be tested.
This Bitcoin halving will make this asset scarce. The week ahead of us will have many volatile moments in digital assets ending in the culminating event of a halving for Bitcoin. You will hear many people refer to this week's events of turning our Digital Economy into Digital Gold.
© Goldilocks
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More News, Rumors and Opinions Sunday Evening 4-14-2024
TNT:
Harembe: ZiG will definitively gain in value — Reserve Bank of Zimbabwe | The Sunday Mail (4/14/24)
ZIMBABWE marked an epochal moment in its history when it introduced a new currency, Zimbabwe Gold (ZiG), on April 5, taking a giant step towards bringing a lasting solution to exchange rate volatility, which, for nearly half a decade, has driven inflation and made saving in the domestic unit difficult.
This is the third time Zimbabwe has switched currencies since scrapping the domestic unit in 2009, amid the ravages of inflation in a country that had gone through fundamental changes in its agricultural land ownership, was buckling under the weight of sanctions and was closed to sources of cheaper external funding.
TNT:
Harembe: ZiG will definitively gain in value — Reserve Bank of Zimbabwe | The Sunday Mail (4/14/24)
ZIMBABWE marked an epochal moment in its history when it introduced a new currency, Zimbabwe Gold (ZiG), on April 5, taking a giant step towards bringing a lasting solution to exchange rate volatility, which, for nearly half a decade, has driven inflation and made saving in the domestic unit difficult.
This is the third time Zimbabwe has switched currencies since scrapping the domestic unit in 2009, amid the ravages of inflation in a country that had gone through fundamental changes in its agricultural land ownership, was buckling under the weight of sanctions and was closed to sources of cheaper external funding.
In the realm of international trade, the dominance of major global currencies such as the US dollar, the euro and the yen has been undisputed for many years.
However, there is a growing recognition of the benefits associated with conducting trade using local currencies.
By bypassing the need for constant conversion into a foreign currency, trade in local units offers numerous advantages. They include enhanced economic stability, reduced dependence on foreign exchange and increased autonomy for any country.
As inflation continued to wreak havoc on Zimbabwe’s currency, the annual rate climbed to 55,3 percent from 46,7 percent in February 2024, reflecting the pass-through effects on prices, which track the movement in the exchange rate.
In light of the high inflation challenges emanating from exchange rate volatility, many observers have wondered how just the change in the national currency could turn the situation around.
But Zimbabwe’s monetary authorities expect the new currency and policy measures they are rolling out to restore confidence in the local unit and go a long way in fostering simplicity, credibility, certainty and predictability in the country’s monetary and financial system.
New Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu last week shared his perspectives on how ZiG and the monetary policy intervention he announced just over a week ago in the 2024 Monetary Policy Statement (MPS) will transform Zimbabwe’s financial affairs.
The country’s new currency will operate alongside several foreign units in the multi-currency regime, legislated to run until 2030, including the US dollar, the pound sterling, the euro, the South Africa rand and Botswana pula.
ZiG shall, the RBZ said, at all times be anchored and fully backed by a composite basket of reserves comprising foreign currency and precious metals (mainly gold) received by the apex bank as part of in-kind royalties and kept in its vaults.
Foreign currency balances will accumulate through market purchases from the 25 percent export surrender requirements, as well as the sale of some precious metals received as royalties.
What has changed?
Responding to questions during an interview with Zimpapers Television Network (ZTN)’s “Beyond the Dollar”, Dr Mushayavanhu said the basket of precious commodities, mainly gold, plus the foreign exchange holdings the bank has, would change the game.
“We are bringing in a new concept in the form of a new currency, which is backed by reserves. RTGS, bond notes were not backed by reserves. This is why they were behaving the way they were behaving.
“So, we decided we have to bring in a new currency, which has a new basis for exchange rate determination and I did explain in the Monetary Policy Statement that the exchange rate for the ZiG is going to be determined by the basket of commodities that is anchoring it.
“Over and above that, it is also going to be determined by the market.
“We had a situation, as I said earlier, RTGS, bond notes were not backed by anything, so we cannot link ZiG to the old currency; it’s a different currency altogether,” he said.
Dr Mushayavanhu said while the bond notes were at some point backed by a US$200 million facility from Afreximbank, the amount of local currency in circulation was exceeded, exposing the local currency to forces of depreciation.
As part of RBZ’s commitment to transparency under his stewardship, Dr Mushayavanhu said the bank opened its vault for all to see that the institution indeed had the gold to back the domestic currency.
https://www.sundaymail.co.zw/zig-will-definitively-gain-in-value-rbz
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Tishwash: The toman breaks a new record by collapsing against the dollar
Iranian toman recorded a new record decline against the dollar, as the price of the US dollar in the free market in Tehran exceeded 65 thousand tomans for the first time, after the escalation of tensions between Iran and the occupying entity.
The price of the US dollar recorded 65,100 tomans this morning, Saturday, according to the prices announced by exchange offices in Tehran, and the price of the euro reached 70,400 toman on the same day, according to Iranian media.
The new round of record rises in exchange rates in the Iranian market, and in online transactions, began after the Israeli attack on the Iranian consulate building in Damascus, last Monday evening, April 1.
On the last working day of last week, the price of the dollar reached more than 64 thousand tomans, coinciding with clashes between the Jaish al-Adl group and Iranian military forces in Balochistan Province. link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: They talked a long time about how the national cards we have will be used for all transactions in our country. FRANK: The national cards tell Iraqi citizens that their currency is about to have value, that it's about to go international. The International world would not want anything to do with the toilet paper valued currency. These are the hints. These are the telltale signs that they are are re-denominating and a new exchange rate is at your doorstep...
Mnt Goat the TRUTH finally coming out in the Iraq news. We don’t have to guess, it’s in all the news channels from Iraq now. Yes, the Iraqi dinar and the future revaluation of it is on the agenda for the April 15th visit of the Iraqi prime minister Al-Sudani to Washington, DC...The next stop is the in-country rate if all goes well that we should expect shortly after Al-Sudani’s return from Washington DC. We then know the rest of the process and what happens next…We can almost see the finish line as the train is about to come around the bend.
MARKETS A LOOK AHEAD: NOW... EXPECT A DIRECT "ATTACK" (FF) ON THE US.
Greg Mannarino: 4-14-2024