Iraq Economic News and Points To Ponder Late Saturday Evening 5-25-24

Iraq Economic News and Points To Ponder Late Saturday Evening  5-25-24

The Government Sees Clear Indicators: The Parallel Dollar Will Be Equal To The Official One

Economy | Yesterday, 23:41 | Baghdad today – Baghdad   Today, Saturday (May 25, 2024), Mazhar Muhammad Saleh, the economic advisor to the Prime Minister, confirmed that

 the dollar exchange rate in the parallel market is close to matching the official price, in conjunction with the increased capacity of banks to meet requirements.

Saleh said in a press statement followed by “Baghdad Today” that

 “the price of the dollar will be 1320 dinars in the coming days,” noting that

 “the important factors that work to reduce the value of the US dollar against the Iraqi dinar in the parallel exchange market will remain centered on two important variables, the  first of which is the rise Capabilities of operating banks to comply with external transfer rules. 

He explained that  "the indicators are witnessing a cumulative increase, according to which the percentage of requested and executed requests in foreign currency for the benefit of financing foreign trade for the private sector through official transfer ports has increased, which has increased to more than 85%."

 For more than two months, the exchange rates of the dollar against the Iraqi dinar have stabilized around 145 thousand dinars per 100 dollars, after it was between 155 and 160 thousand dinars per 100 dollars, while the decline in the exchange rate coincided with an increase in the amount of the Central Bank’s sales of dollars.    

https://baghdadtoday.news/250170-الحكومة-تلمس-مؤشرات-واضحة-الدولار-الموازي-سيتساوى-مع-الرسمي.html

Launching The Activities Of The National Bank Lending Strategy 2024-2029

 May 25, 2024     His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, launched the National Bank Lending Strategy in Iraq 2024-2029, in the presence of a number of officials and representatives of diplomatic missions and organizations in Iraq, in cooperation with the German Agency for International Cooperation (GIZ).

     His Excellency the Governor said in a speech he delivered during the celebration:

The lending strategy started from the pivotal role of the banking sector in the financial system, by acting as an intermediary between depositors and borrowers, and

through it is achieved to support economic growth, strengthen the business sector and help individuals achieve their needs and ambitions, indicating that bank lending It is the cornerstone of economic activity, driving growth and achieving well-being.

     His Excellency added that there is an urgent need today to stimulate and diversify the Iraqi economy, stressing that the Central Bank of Iraq’s housing lending initiatives that it launched through the Real Estate Bank and the Iraqi Housing Fund have reached about (11) trillion dinars.

     His Excellency stressed the need to expand the base of financial inclusion in Iraqi society, especially the expansion of the activities of small and medium enterprises, which are the backbone of the economy,

 pointing out that employing the workforce is a matter of interest and focus for the Central Bank and the continuation of its initiatives for small and medium enterprises, which will culminate in the launch of Riyada Bank, supported by By the Central Bank of Iraq and with the contribution of private banks.

    He believed that developing and implementing the national lending strategy for the years 2024-2029 requires cooperation between a wide number of relevant parties and a shared interest, to achieve the desired goal.     Central Bank of Iraq    information Office    May 25, 2024  https://cbi.iq/news/view/2589     

Report: Arab Banks Expand In Iraq Because Of Washington!

 Economy |    25/05/2024  Mawazine News - Follow up  Al-Arabi Al-Jadeed newspaper published a report in which it talked about the expansion of the work of Arab banks in Iraq, while indicating an increase in investments in the country as a result of US sanctions on Iran.

 Report text:  Major Arab banks have expanded their presence in the Iraqi banking sector over the past months, through their cash investments and direct dealings with private Iraqi banks, amid efforts to enhance the financial and cash balances of Iraqi banks and attract foreign capital.

 Iraqi banks are facing major challenges against the backdrop of sanctions imposed by the US Treasury Department on 24 banks, banning their cash transactions in dollars, to limit currency waste and suspicious transfers.

 This ban affected banking services inside Iraq, which prompted the Central Bank of Iraq to issue its latest instructions to return to Law No. 4 of 2010, which stipulated the approval of one or more qualified shares for joint-stock banks, on the condition that this joint-stock bank be monitored by the central bank in its home country.

 Which contributed to opening the way for Arab and foreign banks to open their financial credits and cash investments with a number of Iraqi private banks.

The volume of external transfers to Iraqi banks and banks, directly or through correspondent and joint-stock banks, amounted to approximately 265 million dollars per day, by purchasing the dollar through the currency selling window at the official price of 1,310 dinars per dollar, while no official statistics were issued on the size of the cash masses that were pumped to buy. Shares in Iraqi banks.

 In details, the Central Bank of Iraq recently granted four new licenses to Jordanian banks, namely the Union, Housing, Jordan, and Arab Banks, and they were preceded by other licenses to Arab and foreign banks according to investment ratios contributing to the Iraqi private banking sector.

 A local newspaper published that the share of Arab banks in the National Bank of Iraq amounted to 76.7 percent of the bank’s shares, while the share of the Jordanian Capital Bank reached 61.85 percent, the share of Cairo Amman Bank reached 9.90 percent, while the share of the Palestinian Arcadia Investment Fund reached 5 percent.

This comes amid the efforts of the Jordanian Housing Bank to buy a stake in the Iraqi Al-Mansour Bank, to which Qatar National Bank contributed 54 percent. Earlier, the Jordan Kuwait Bank announced the signing of the agreement to purchase a 51.79 percent stake in the Bank of Baghdad’s shares.

 Acquisition opportunities

 Financial and banking expert, Abdul Rahman Al-Sheikhli, said that there are no specific numbers about the volume of Arab and foreign investments in Iraqi banks, but the Central Bank of Iraq has given foreign and Arab banks opportunities to acquire large shares in Iraqi banks at a rate of more than 50 percent.

 Speaking to Al-Araby Al-Jadeed, Al-Sheikhli stated that the goal of the Central Bank of Iraq in granting contributions at high rates is to try to bring non-Iraqi capital to the sector.

He added that Arab countries' investment in Iraqi banks is large, amid contributions from Jordanian, Kuwaiti, Qatari and Emirati capital.

 He pointed out that the Central Bank of Iraq's invitation to foreign banking investments came due to the migration of Iraqi capital abroad and the smuggling operations resulting from the financial and administrative corruption that has spread throughout the entity of government institutions.

 He added that the lack of cash liquidity in banks is due to the loss of citizen confidence in the Iraqi banking system, specifically private banks, which prompted the necessity of bringing in foreign investments.

 New investments support Iraqi oil

 Al-Sheikhli explained that Iraq today is witnessing relative stability in the political, security and economic system, and the investment environment has become safe and attractive for investment, especially after the emergence of real projects in the country, whether governmental or within the private sector.

Al-Sheikhli stressed the importance of using foreign investments, which will contribute to creating additional resources away from the oil that Iraq has relied on over the past years.

 The US sanctions imposed on private Iraqi banks and the restriction of dealing in foreign currencies gave the opportunity to foreign and Arab banks that hold accounts with international and American banks to contribute to the market share in Iraq in a very large proportion.

 Financial expert, Safwan Qusay, said that reconsidering restricting the movement of these Iraqi banks would prevent the monopoly of foreign banks operating in Iraq, which hold large accounts and credits with Iraqi banks at a rate exceeding 49 percent of the capital.

  During his conversation with Al-Araby Al-Jadeed, Qusay stressed the necessity of protecting the financial system and providing an integrated banking system that relies on reviewing the policies of the Central Bank of Iraq by preventing monopoly operations on the sale of foreign currencies, including the dollar.

Qusay stressed the importance of lifting the sanctions and restriction system and replacing it with the correction system, and guiding the restricted banks to enhance their ability to comply, meet the needs of customers, know the movement of the Iraqi dinar, and invest in technology.

 He pointed out the need to review the mechanism for obtaining the dollar and the share of foreign banks from it.     https://www.mawazin.net/Details.aspx?jimare=248623    

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

Provoking Thoughts and Points to Ponder on Money

I haven't heard of anybody who wants to stop living on account of the cost.  - Kin Hubbard

It isn't enough for you to love money - it's also necessary that money should love you.  - Baron Rothschild

Philanthropist: a rich (and usually bald) old gentleman who has trained himself to grin while his conscience is picking his pocket.  - Ambrose Bierce

The darkest hour of any man's life is when he sits down to plan how to get money without earning it.  - Horace Greeley

The petty economies of the rich are just as amazing as the silly extravagances of the poor.  - William Feather

 http://www.famousquotesandauthors.com/topics/money_quotes.html

http://www.famousquotesandauthors.com/

Iraqi Dinar Video Update Late Saturday Evening 5-25-24

Iraqi Dinar Video Update Late Saturday Evening 5-25-24

Wells Fargo Bank Announced To All Investor's – 4:45

WOW Donald Trump Surprise Announced IQD RV – 4:17

WOW Iraqi Dinar Going Revalue Huge Exchange Rate – 3:39

Iraqi Dinar Set 3.91$ New Exchange Rate – 3:19

raqi Dinar Emergency Exchange Rate – 4:16

Wells Fargo Bank Announced To All Investor's – 4:451

https://www.youtube.com/watch?v=lTt0YYBEpDE

WOW Donald Trump Surprise Announced IQD RV – 4:17

https://www.youtube.com/watch?v=b4DLXzbnzhI

WOW Iraqi Dinar Going Revalue Huge Exchange Rate – 3:39

https://www.youtube.com/watch?v=cVZ2kB6-BEA

Iraqi Dinar Set 3.91$ New Exchange Rate – 3:19

https://www.youtube.com/watch?v=9u9vyC_xXoE

Iraqi Dinar Emergency Exchange Rate – 4:16

https://www.youtube.com/watch?v=kJ6_LkQ-BBU

Goldilocks' Comments and Global Economic News Saturday Evening 5-25-24

Goldilocks' Comments and Global Economic News Saturday Evening 5-25-24

Good Evening Dinar Recaps,

HKMA is making changes to their USD liquidity facility.

"A liquidity facility is a committed, undrawn backup facility that can be used to refinance a customer's debt obligations if they are unable to roll it over in financial markets."

HKMA is moving their money settlement process from T+1 to T+0. The Hong Kong Monetary Authority is making this policy change to give them instant access to money flows.

Hong Kong has been in pilot programs in the new digital economy that enables them to process their digital money instantly.

This will give them a trading advantage that many countries will want to catch up to going forward. This is why I told you a while back that the movement from T+1 settlements at the end of this month would not last long.

It looks like the new digital asset-based trading system has now become a driver for the rest of the global economy to interface new electronic settlement protocols just to keep pace.

The new digital payment system has now become a competitive edge for countries who are further along in the new QFS.   HKMA   ADGM

© Goldilocks

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HKMA Announcement:

"HKMA Updates Social Performance Module (SPM) to Drive Banking Sector Upskilling"

We have recently been talking about many banks going through logistics training and especially in their foreign currency exchange departments.

Here, we have a report that Hong Kong is Upskilling their banking practitioners.

Part of the reskilling of their banking employees deals with The Exchange Stabilization Fund. The ESF deals with three types of assets:
* The US Dollar
* Foreign Currencies
* Special Drawing Rights

The SDR  is an international reserve asset. It is created by the International Monetary Fund. This particular asset class is a transitional currency. It will help stabilize and redistribute monetary volumes and access expansion to various currencies to aid in the process of moving from a World Reserve Asset to a local currency regimen backed by gold.

This process will begin to create price pressures on global currencies. Credit valuation adjustments will be a part of this process.

As of August 2023, the SDR basket of currencies consists of the following percentages:
* US dollar: 43.38
* Euro: 29.31
* Chinese yuan: 12.28
* Japanese yen: 7.59
* British pound sterling: 7.44

These percentages will shift during the transition as new alliances have been formed the last few years through new trading partners. Don't be surprised if we do not see a digital currency added to this list.

Hong Kong is an open market economy driven by supply and demand. Currently, the United States dollar is their main asset to drive their Market, but a shift change to a gold backed regimen will immediately change everything for Hong Kong and those who trade with them which is many countries.

Hong Kong has been through several digital pilot programs and completed many of their projects. They are well equipped for the new shift in our economy.

China is currently driving the gold market to new highs along with new BRICS Nations. These changes will come at a heavy price on the US Dollars' performance.

We are in a transition that has taken a lot of time, but the shifts to the global economy are beginning to take a different shape.  Investopedia   HKMA   Linkedin   Home  Treasury.  RegulationAsia

Gold will set us free.

© Goldilocks

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Hong Kong | Imports and Exports | World | ALL COMMODITIES | Value (US$) and Value Growth, | Trend Economy

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UK Approves First Physically Backed Bitcoin and Ethereum ETPs for Listing on London Stock Exchange – Bitcoin News

UK Approves First Physically Backed Bitcoin and Ethereum ETPs for Listing on London Stock Exchange. At this time, these Exchange Traded Products will only be available for professional traders.

Its 100% physically backed Bitcoin and Ethereum ETPs, Wisdomtree Physical Bitcoin and WisdomTree Physical Ethereum will be listed on the LSE at the earliest date possible which is expected to be on Tuesday, May 28th.

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Swap Connect: new tools, enhanced products and more solutions | HKEX Group

👆 Hong Kong is ready to transition folks.

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RIPPLE XRP HOLDERS THIS IS HOW XRP BECOMES BIGGER THAN BITCOIN | Youtube

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UBS distributes first fund issued on iCapital's DLT infrastructure - Ledger Insights 

iCapital, the marketplace for alternative investment funds, has launched its distributed ledger technology (DLT) solution. The first fund issued using the technology is being distributed by UBS Wealth Management and administered by Gen II, although it did not disclose the asset manager.

https://www.ledgerinsights.com/ubs-distributes-first-fund-issued-on-icapitals-dlt-infrastructure/

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Hong Kong is one of the few open market economies that we have. Vietnam is about to become one in July.

There will be many more, and the changes in currency rates will be determined by these changes.

© Goldilocks

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This is CRITICAL | Youtube

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Join the Seeds of Wisdom Team SNL call with Freedom Fighter breaking down Goldilock's weekly posts!  Jester will be joining too!   SNL Call Link

9 pm EDT / 8 pm CDT / 6 pm PDT

The SNL Q & A room will be open at 8 pm ET, 7 pm CT, and 5 pm PT to ask questions that will be answered on the call!

The call will be recorded and you can find it in the Archive Call Room after the call is over.

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More News, Rumors and Opinions Saturday PM 5-25-2024

KTFA:

Clare: Ministry of Planning: More than 41 trillion dinars is the amount of money available to the governorates in 2024

  5/25/2024

Today, Saturday, the Ministry of Planning revealed the total financial allocations and amounts available to the governorates during the current year 2024.

The Ministry explained, in a statement, a copy of which was received by {Al-Furat News}, that: “The allocations of the Regional Development Program and the undisbursed amounts, of which the amount of the remaining funds for the year 2023, registered as deposits with the Ministry of Finance, amounted to (6,947,433) trillion dinars, in addition to the remainder of Food security restricted deposits in the governorates (5,824,403) trillion dinars, totaling (15,875) trillion dinars, and this amount is added to the size of the investment allocations to the governorates within the 2024 budget submitted to the House of Representatives, amounting to (3,103,158), noting that these allocations include a development program Territories, petrodollars, anti-poverty, and loans.

She added, "In addition, what was allocated to the projects of the federal ministries that are implemented in the governorates, excluding the region, amounted to (38,421) trillion dinars, and thus the total amounts available to the governorates reach (41,524) trillion dinars."

The Ministry stressed that, “Based on the above, the comparison that appeared in the media, between the regional development allocations for the governorates, and the total investment spending for the Kurdistan region, is an incorrect comparison. Rather, the comparison should have been made between the total investment spending for the governorates coming from investment spending.” for the ministries, which amounts to (41,524) trillion dinars), and what has been allocated in the total investment spending for the region, which amounts to (4,875) trillion dinars,” stressing “the government’s commitment to the percentage allocated to the region, in all sections of spending.”

She pointed out, “Based on the Tripartite Budget Law (2023-2025) and the Financial Management Law of 2019, unspent amounts are recorded as deposits with the governorates or the Ministry of Finance, and local governments can spend them on projects in accordance with the mechanisms approved in this aspect, and these amounts are added to the allocations.” The financial allocations allocated to the governorates within the 2024 budget,” noting that “there are other amounts that will be allocated to the governorates, coming from the revenues of the border crossings, as most of the governorates enjoy this advantage, with the presence of land, air, or sea ports in them, as well as the financial allocations allocated to the funds in their various specializations, which are Funds for the reconstruction of Dhi Qar and Sinjar, the affected areas, and support for the poorest areas, amounting to about (2) trillion dinars.”

The Ministry added, “The indicators proven during previous years indicate that the highest percentage of spending for the governorates did not exceed more than (4.2) trillion dinars, during the year 2022, as the spending was made according to the actual work peaks with no budget approved in that year, and therefore the presence of... Of this large cash mass, available to the governorates, the spending units will not be able to spend more than 30% of it at best, according to the executive capabilities of the governorates.”

She stated, “The directives of Prime Minister Muhammad Shiaa Al-Sudani were always supportive of the efforts of local governments, enabling them to fulfill their financial obligations, complete their basic projects, and include new projects, noting that the House of Representatives transferred (4.7) trillion dinars in the budget.” Last year, 2023, from the Ministries of Electricity and Oil, to the governorate budgets in Table (E) as additional amounts to what the government allocated at the time, which was (5.2) trillion dinars, which forced the government and Parliament to borrow and set texts to add allocations to cover the transferred amounts, which increased the deficit resulting from this procedure".

The ministers confirmed that “the apparent differences in the allocations to the Kurdistan region include the sovereign investment budget, including licensing rounds for the Kurdistan region, amounting to (2.7) trillion dinars, which will not be spent to stop the export of oil from the region, according to the decision of the Federal Court, and that disbursement to the Kurdistan region is conditional on the export of oil by ( SOMO) and hand over the region’s oil imports to the Ministry of Finance.”   LINK

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Clare: Government breakdown of 2024 budget schedules: Spending will contribute to reducing the deficit

5/25/2024 Baghdad

The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Saturday, that the variables of the financial tables conform to the constants of the tripartite budget, while indicating that the spending pattern will contribute to reducing the deficit.

Saleh said, “The announcement of the financial schedule variables for the year 2024 was in accordance with the constants adopted by Law No. 13 of 2023, the Federal (Tripartite) General Budget Law, especially with regard to the hypothetical deficit, which amounts to approximately 64 trillion dinars.”
He explained: “There are important trends in the management of the public budget, whether in addition to public expenditures, as the spending ceiling reached 211 trillion dinars, or revenues and deficits.”

He pointed out that "oil prices are still higher than their estimates in the tripartite budget of $70 per barrel, with a positive change rate of more than 16 percent above the approved price, and we are approaching the middle of the fiscal year while maintaining the export rates approved in the budget and managing oil production efficiently and accurately." “In accordance with international agreements with OPEC regarding control over production quotas.”

He added: "There is high discipline in maximizing non-oil revenues, especially tax and customs revenues, specifically after adopting automation, modern methods and information technology in tax and customs assessment, estimation and collection." 

He pointed to "striving to impose discipline on operational expenditures and keep spending on them within acceptable minimum limits, in addition to ensuring that the efficiency of investment spending and the operation of all approved projects is increased, in order to ensure a high growth rate in the gross domestic product at a rate exceeding twice the rate of population growth, by launching the project movement." New without delay or stop.

He stressed that “the pattern of public spending, in accordance with the schedules announced, is characterized by accuracy, objectivity, and self-savings, which contributes to reducing the resort to financing the actual deficit, even when needed, through internal borrowing and within limits that ultimately do not exceed the accepted international standard percentage for financing the deficit, which amounts to 3 percent.” of the country's total gross domestic product. LINK

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Frank26  Question: "What is the price of a bottle of Coke in Iraq?"  Way too much and that's why the prices are being adjusted and a new exchange rate will come out to match the new or lower denominations.

PompeyPeter  If for one second the new rate had been shown the Council of Ministers, the parliamentary Finance Committee or the House of Representatives we would have heard them singing and dancing and cheering from Iraq.  We certainly would have seen it from the CBI first.  What happened then?  ...As they've said, the amendments were viewed and passed by the Council of Ministers, the amendments of the 2024 budget were then passed to HOR via the Parliamentary Finance Committee...We definitely know the rate hasn't been exposed.

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The Recent Stock Market Highs Are Really Just LIES...

Lynette Zang:  5-25-2024

Today we is a breakdown from this week's livestream talking about how the stock market highs are meaningless because it's all a giant LIE...

https://www.youtube.com/watch?v=6KcTY8W6MXo

Banking Habits You Should Change in Retirement

Experts: Banking Habits You Should Change in Retirement

Jordan Rosenfeld   Sat, May 25, 2024

While retirement is often a time when you finally get to stop thinking so hard about many of the little details in life, there are some you want to stay on top of, like your banking habits.

Some of your pre-retirement banking habits may not be as useful, protective or financially savvy after retirement.

Experts explain some banking habits you might still be doing that you’ll want to change in retirement.

Wealthy people know the best money secrets. Learn how to copy them.

Not Saving More Than Before

Retirees should consider having more money in a bank account than they did while they were working and earning an income, according to Chris Urban, CFP, a retirement planner and founder of Discovery Wealth Planning.

“These days, high-yield savings accounts are a good place to earn a reasonable amount of interest while also having access to your cash. These accounts are a great way to insulate your household from the ups and downs of the financial markets, where your other retirement and investment accounts may be invested,” Urban said.

Learn More: 7 Bills You Never Have To Pay When You Retire

Not Keeping Cash Liquid

Consider taking your spending money from this high-yield savings account and replenishing it in a tax-efficient way from your retirement and/or investment accounts in years when they have performed well, Urban explained.

“Sure, you might have what is referred to as ‘cash drag’ by holding too much in cash; however, in my opinion, retirement is much more about optimizing your overall happiness and life than it is about optimizing for investment performance,” he said.

Holding On to High-Fee Accounts

Retirees should steer clear of accounts with high fees, including maintenance fees, overdraft fees and ATM fees, according to Taylor Kovar, CFP, founder and CEO of 11 Financial.

“These fees can eat into retirement savings over time. Instead, consider switching to fee-free or low-fee accounts to minimize expenses and maximize savings,” he said.

Do your research and shop around different banks and credit unions to find accounts with low or no fees, added Lyle D. Solomon, Esq., an attorney who specializes in personal finance issues such as debt relief, taxes and estate planning at Oak View Law Group. “Don’t hesitate to switch if you find a much better deal elsewhere,” he said.

Using Non-Bank ATMs

Retirees should also be mindful of using non-bank ATMs, which often charge hefty fees for withdrawals, Kovar said.

To Read More:

https://www.yahoo.com/finance/news/experts-banking-habits-change-retirement-120105489.html

“Tidbits From TNT” Saturday 5-25-2024

TNT:

CandyKisses:  Taif Sami in the House of Representatives next week

Baghdad - Iraq Today:

The Chairman of the Finance Committee, Atwan Al-Atwani, confirmed that the Minister of Finance will host early next week on the 2024 budget tables.

The media office of the Chairman of the Finance Committee quoted in a press statement as saying: "The Minister of Finance will be hosted early next week on the 2024 budget tables."

He added that "the Minister of Finance will discuss the reasons for the increase in operating expenses as well as the financing file."

"We agreed to complete the discussions of the law amending the staff in the next meeting in order to submit it to the House of Representatives for a vote," he said.

CandyKisses:  Ending the UNAMI Mission Marks a Step for Iraq Regaining Full Sovereignty

Farhad Alaaldin-The Iraqi Prime Minister's Advisor for Foreign Affairs

Saturday - 25 May 2024 

In a formal letter, dated 8 May 2024 and addressed to the United Nations Secretary-General, Antonio Guterres, Iraqi Prime Minister Mohammad Shia al-Sudani called for “ending the mandate of the United Nation’s Assistance Mission in Iraq (UNAMI) on 31 December 2025", emphasizing that "after more than 20 years of democratic transition and overcoming great and diverse challenges, the justifications for a political mission in Iraq are no longer present".

This letter was delivered in time, by the Iraqi Charge d'Affaires at the United Nations, before the Security Council (SC)’s scheduled meeting on 30 May 2024, to vote on UNAMI's fate. Iraq is not a member of the Council, however, it will be difficult for the existing SC members to ignore the wishes of an elected Government of Iraq. 

The strategic review

In May 2023, Iraq made a formal request to the SC to reduce the UNAMI mandate. In response, the Council set up a three-man committee, headed by Volker Perthes of Germany, to carry out a “Strategic Review” of UNAMI's mandate, based on the SC resolution 2682 (2023). The committee visited Iraq in Nov 2023 and conducted 250 interviews with various stakeholders, including the Federal Government, the Kurdistan Regional Government, political parties, civil society organizations, think tanks and the UNAMI staff all over Iraq. They also reviewed the papers and work of UNAMI both in Iraq and New York, before submitting their report to the Secretary General in Feb 2024.

The ‘Perthes’ report unequivocally acknowledged the progress made in Iraq, and that: "the Iraqi political system has, at least over the past eighteen months, increasingly demonstrated its ability to manage crises". It further adds "no UN political mission should stay in a country forever. Prolonged third-party presence may discourage local solutions and national ownership". Perthes therefore recommend that “the Mission begin to transfer its functions to national institutions and the United Nations country team in a responsible, orderly and progressive manner within an agreed time frame."

Thus, both the Iraqi Government and Perthes’ Strategic Review agree on ending the mission, with a slight variation in the timing and process, as the Iraqis want to end the mission by Dec 2025 with an immediate winding down and switching the focus away from the political file, to "economic reform, service provision, sustainable development, and climate change”. Perthes’ report, however, recommends ending the mission by June 2026 while keeping the political files with a gradual weaning process.

Iraq facing its own challenges

This year will see the end of three significant missions in Iraq that were all set up under various Security Council Resolutions, namely the UNITAD, the UNAMI and the International Coalition to fight ISIS. As a result, Iraq will be a step closer to taking full responsibility for its destiny as a confident and fully sovereign state. Critics might see the ending of these missions, all in one go, leading to Iraq’s isolation. However, the Iraq of 2024 is not the same Iraq of 2003 when the regime collapsed, or the Iraq of 2014 when ISIS ripped through the country and took over one-third of it. Today’s Iraq is more stable, confident and forward looking.

Iraq is now seeking to confront its own challenges directly, but with international cooperation. Many of the key challenges have persisted for over two decades when the UNAMI was operational in the country. Clearly the issues are complex but experience shows that solutions come primarily from within, as acknowledged and encouraged by the Strategic Review Report. The report emphasized that "ownership of these issues is now in the hands of Iraqi institutions. They have the capability to advocate for peace and stability within the country and with external actors." Indeed, such capability was vividly illustrated in Kirkuk, where the Prime Minister presided over the meetings of the various political parties to hold Kirkuk provincial elections, which have not taken place since 2005. Another example is the border security agreement signed with Iran, and the Strategic Cooperation Agreement signed with Türkiye to deal with the most difficult challenges relating to both Water and Security.

Thank you UNAMI

The Iraqi Government deeply appreciates the UNAMI and other UN agencies' positive roles in Iraq over the past two decades. In a statement issued on May 12, the Iraqi Government expressed "gratitude to UN Secretary-General Mr. Antonio Guterres, the Special Representative of the UN Secretary-General in Iraq, Ms. Jeanine Hennis-Plasschaert, and all UNAMI staff for their support over the past years." Undoubtedly, Ms. Hennis-Plasschaert’s dynamic and energetic engagement and significant contributions to Iraq have been instrumental and widely acknowledged.

However, many critics within Iraq often highlight the failure of UNAMI to execute some of its mandates over the past two decades, despite ample national and international support. Some go as far as accusing the UNAMI of systematically ignoring the shortcomings of Iraq’s political system, the widespread election fraud and human rights abuses that the Iraqi government itself had recognized. It was during the UNAMI’s presence that Al-Qaeda flourished, ISIS invaded the country, violence erupted in the aftermath of the Kurdish Referendum of independence and Iraq suffered the worst political deadlock after the 2021 election which led to the withdrawal of the Sadrist Movement from the political process. Other outstanding processes that fall within the UNAMI’s mandate that remain unaccomplished, include the Kuwaiti’s missing persons and national archives in Iraq, the implementation of the Sinjar agreement and the failure of Kurdistan Region to hold general elections for two years.

That said, the Iraqi Prime Minister firmly believes that these ongoing issues can only be resolved through national efforts, by bringing together Iraq’s political leaders to hammer out practical solutions. This is exactly what recently led to breakthroughs in Baghdad – Erbil cooperation, and the holding of Iraq’s first and most peaceful provincial elections since 2013.

Furthermore, Iraq is going to ask for UN help in some of the files, such as elections, Iraq would seek UN help with a team of experts to provide technical support as they have done in the past, however, such help would be temporary and only for the duration of the election process. Another example would be the continuation of the tri-partite process of the Kuwait file, where the Iraqi government will work diligently to conclude this file with the help of the International Red Cross and technical support of the UN if needed.

The future

PM Al-Sudani has frequently asserted that “the guiding principle” of his foreign policy is "Iraq first", via building strong partnerships based on common interests with friendly countries in the region and beyond. Iraq will work with all its international partners to forge bilateral alliances that help its security and stability, and will open up to business and economic partnerships. Signing the Development Road agreement with Türkiye, Qatar, and the United Arab Emirates is a good example of using economic opportunities as launching pads for future regional cooperation.

The Iraqi government is working hard on addressing the three areas of concern that is highlighted in Perthes’ Strategic Review, where he concludes that “the stability of Iraq today is fundamentally threatened by three phenomena: (a) the fragility of institutions; (b) the proliferation of armed actors; and (c) the potential for the emergence of a new ISIS or other forms of terrorism and violent extremism.”

Significant strides have been achieved in bolstering the institutions, fighting corruption and depoliticizing the institutional leadership positions. On the proliferation of armed actors, the Prime Minister made it clear that “these groups grew out of the complex circumstances that Iraq encountered while confronting terrorism. But little by little, as security and stability are restored, the need for weapons outside the control of the state and its institutions will disappear. We are working concertedly toward that end”. As for terrorism and violent extremism, the Iraqi government believes that ISIS is now defeated and no longer poses a threat to the state of Iraq. Its comeback is rendered even more difficult by the enhanced capability of Iraqi security forces, the new stability that Iraq enjoys, and the economic boom which no part of Iraq is feeling left out.

Iraq is now poised to play the pivotal role it is destined to play in the region, and regaining its sovereignty is the first step. Ending international missions such as UNAMI will strengthen Iraq further by relying on its own institutional capacities to tackle the various challenges it continues to face.

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

CandyKisses:  Iraq announces investments amounting to about $1.5 billion

Economy News - Baghdad

Today, Friday, the Iraq Fund for Development outlined three achievements it has achieved since its founding, while announcing investments amounting to about $1.5 billion.

The Executive Director of the Iraq Fund for Development, Advisor to the Prime Minister for Investment Affairs, Muhammad al-Najjar, said, “Since its establishment less than a year ago, the Fund has achieved three achievements, the first of which is: signing 17 memorandums of understanding with 17 different companies (Saudi, British, and American) to enter into... Iraq".

Al-Najjar added, "The value of the total investments achieved by these memorandums approached one and a half billion dollars," pointing out that "these imports for the first time enter Iraq, not in the field of energy, but in the field of industry, agriculture, and gas production, that is, industrial gases."

He pointed out that "the second achievement was the launch of the investment schools project, and applications were submitted to build 2,000 schools through investment, and the state rents them from investors, which saves huge sums of money, since for the price of 100 schools we can build 1,000 schools in a much shorter period of time than was thought." That is, school crises will be resolved as quickly as possible.”

He continued: “As for the third achievement, it represented the launch of social projects for the first time, such as building schools and so on, implemented through the private sector, and for the first time we can attract the private sector to this number and this number of investments related to the state, which is considered a fundamental change that the government and the Fund have succeeded in establishing.” For him, under the government of Prime Minister Muhammad Shia al-Sudani.”

He pointed out that "there is an international desire to enter the fund, but our tendency is for participation to be through companies investing in Iraq, and not directly in the fund, because the fund has the peculiarity of being financed from the general budget and subject to the laws of the Iraqi state."

He stated that "funds and companies often prefer to operate under the laws of the private sector, so we have attracted investments for companies," stressing that "the amount of investments that entered compared to the fund's capital is very large."

He concluded by saying: "We are currently working according to the rule that for every dinar we attract ten dinars, meaning that if a trillion is allocated, we try to set investment rates worth ten trillion dinars in return."

Mot: ..... I Try and ~~~~

Mot: . Already fur da Camping Season I Is!!! 

Iraqi Dinar Video Update Saturday AM 5-25-24

Iraqi Dinar Video Update Saturday AM 5-25-24

Wells Fargo Gives Green Signals For IQD RV – 4:03

Iraqi Dinar Ready For Revaluation – 5:51

Iraqi Dinar Floating Exchange Rate – 4:06

It's Massive CBI Big Statement About IQD RV - 5:34

Wells Fargo Gives Green Signals For IQD RV – 4:03

https://www.youtube.com/watch?v=8cbDQCcHi1Y

Iraqi Dinar Ready For Revaluation – 5:51

https://www.youtube.com/watch?v=ZOIfVV9n9b0

Iraqi Dinar Floating Exchange Rate – 4:06

https://www.youtube.com/watch?v=N_defaD3vKQ

It's Massive CBI Big Statement About IQD RV – 5:34

https://www.youtube.com/watch?v=hDoewX2Fwzg

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Currency Insider Video Update Saturday AM 5-25-24

Currency Insider Video Update Saturday AM 5-25-24

Iraqi dinar Surprising Update – 1:49

Iraqi Dinar Holder Be Happy Now – 1:03

Iraqi Dinar Start Floating – 2:14

 Iraqi dinar Surprising Update – 1:49

https://www.youtube.com/watch?v=jogwYU5QViw

Iraqi Dinar Holder Be Happy Now – 1:03

https://www.youtube.com/watch?v=DcwSbMrJnTw

Iraqi Dinar Start Floating – 2:14

https://www.youtube.com/watch?v=uTm3vtxMHUA

News, Rumors and Opinions Saturday 5-25-2024

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Sat. 25 May 2024

Compiled Sat. 25 May 2024 12:01 am EST by Judy Byington

Global Currency Reset: (RUMORS)

On Fri. 24 May TNT sent out a cryptic message that the 800#s were coming out for Tier4b (Us, the Internet Group) to set redemption appointments.

Fri. 24 May MarkZ: “There is high expectation from the individual Bond Holders that they will go over this weekend. From a contractor: In-country Dinar Rate was said to be around $3.99, Dong around $3.”

A Contact at a Redemption Center said Tier4b (Us, the Internet Group) would get emails to set appointments over the weekend.

Thurs. 23 May 2024 Bruce felt it was likely that we won’t get the 800 numbers to make appointments until Tues. 28 May, and could begin exchanging on Wed. 29 May.

Fri. 24 May Wolverine: “From my Brazilian contact: We are waiting for an official order to release funds and payment order. This will happen at any time, please wait…as of today we have nothing official. Things are moving guys. The greatest transfer of wealth has started T1 and T2 have been completed and a very positive Mark Z message today! He’s saying he’s hearing Individual Bond Holders expecting to receive big Payments now! First time I’ve heard him talking about Individuals rather than Groups/ Platforms.”

Thurs. 23 May 2024 Wolverine Here’s a helpful update: My friend has given me permission to share information with you.  Remember, she has a relative who is an MP from a Middle Eastern county and he sits on a committee that oversees the timing of the event.

Anonymous Friend: Ginger, I was just informed (by a relative in the Middle East; Ginger is hiding the location for security) that there are 7,000 payers in Tier 3 who are being paid before Tier 4B distribution goes live. This will happen over the next 10 to 14 days.

However, in the meantime the public will be prepared for many things, such as: gold-backed USN, debt forgiveness, increases in SSI, and other benefits.

Also keep in mind that the absolute back wall is the 4th of July, so a lot has to happen quickly for us to reach our day of redemption.

Tues. 21 May 2024 Unknown Source: “Banks in the USA will close on the 24th and until May 27th (Monday) they will be offline, without credit cards and without access to 24-hour banking. It will be the beginning of AES – EMERGENCY ALERT SYSTEM and on Tues. 28 May 2024, some banks and companies will no longer open.

Thurs. 23 May 2024 Happy Welsh Guy:

Tony is quite correct the RV will happen soon, but not yet. This is what is really happening. There is a carefully, orchestrated plan in effect, that is being meticulously monitored.

Tier # 1 and Tier # 2 is currently being financially hydrated.

When this is completed to the satisfaction of the Alliance then and only then will Tier # 3 be financially hydrated.

When Tier 3 is completed to the satisfaction of the Alliance then and only then will Tier # 4 (US) the internet group be financially hydrated.

Everything is currently “On Track” and moving to expectation.

If everything continues to expectation, then Tier # 4 should be financially on or about JUNE 15th with a back wall of July 4th.

It is “NOT” going to happen today, tomorrow or this month. However, Tony is right. It will be our time soon. Nothing will stop this except for a 911 type event.

My source actually sits on a special committee formatted for the very specific purpose of the timing of the revaluation to take place.

June 15th is not that far away so remain patient and be in expectation

Fri. 24 May 2024 Goldilocks: “A Bank just told us they are going to move onto the QFS. First action date: June 21, 2024 before 3:00 p.m. MT. Second action date: June 24, 2024 for the remaining steps. It is important to note that this is just one bank’s timeline, but I can’t help from notice that this one is before the June 30th, 2024 laws that are taking effect on Crypto regulations and Stable Coins at the end of the month.”

Read full post here:  https://dinarchronicles.com/2024/05/25/restored-republic-via-a-gcr-update-as-of-may-25-2024/

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

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Deepwoodz  On the contracts...The way I see it, the two most important factors are 1) the guarantee's, and 2) the fact that these countries and contractors have faith in Iraq to pay for the work they are doing. Let’s say I want to do an electrical contract for Iraq.  I want 1 million dollars for it. I don’t care what the exchange rate is as long as the payment I receive is worth 1 million DOLLARS.  They are using dinar to pay...since January 1...A sovereign nation must use sovereign currency to pay their debts or they are in violation of the multi currency practices(MCP) that the IMF abhors. [Post 1 of 2....stay tuned]

Deepwoodz  Using the current rate, I would be owed 1,310,000,000 dinar. Actually, the banking system will do the conversions automatically. I won’t even see any dinar. I will receive dollars in my American account. Or euros in my European account. Or pesos in my Mexican account ...using whatever exchange rate belongs to the country involved. Like I said,
doesn’t matter to me as long as the rate translates into my 1 million dollars.  Now, the importance of these guarantees and the fact that corporations are pouring in to do work after all these years. They now know Iraq is serious about paying their debts...[and] have the means to make good on their payments.  [Post 2 of 2]

We Have More Power Than The Bankers | Rafi Farber

Liberty and Finance:  5-24-2024

Silver broke above $30 last week and has held that level ever since. Silver is the "people's money." In the past, when the people wake up and lose faith in a paper currency system, silver moves dramatically higher, says Rafi Farber. 

No matter how much power the bankers have, "we have much more power than them because there is just so much more of us. When we wake up, we really bring silver up there."

INTERVIEW TIMELINE:

0:00 Intro

 1:18 Silver update

 6:33 Asian financial crisis

12:39 Strong Dollar

14:00 Central bank theft

16:16 Mainstream

21:04 Demand for precious metals

24:00 The End Game Investor

https://www.youtube.com/watch?v=_LguUgabSoc

Weekend Chat With MarkZ 5-25-2024

Weekend News with MarkZ

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Welcome to Memorial Day Weekend. May it be memorable for all of us.

​​Member: Good morning everyone,  good morning Markz,  good morning mods

MZ: We spend the first 45 minutes with the cbdgurus then dive into the news.

Member: What are you hearing Mark?

MZ:  did hear some interesting things from military contacts. One in particular kinda surprised me overnight . I think its worth sharing but don’t panic because they do their best to cloud the timing

MZ: He said “Do not worry- it will be before July 4th.” We will have it all before July 4th. Actually a couple military contacts gave me that same time frame.

MZ: I still have great hopes for sooner. But it made me feel good they have a real plan.

Member: So much chatter about June now for RV and some take it to July 4th.Ugh

Member: So they have kicked the can until July?

MZ: That is not what I am saying. But it is interesting they have plans to have it completed by July 4th …For all we know it could happen tomorrow…..nobody knows the timing.

Member:  Will come like a thief in the night

Member: Mark, hoping that July 4th drop is another Kuwait B.S. timing distraction.

Member: If it’s completed by July 4th- It stands to reason it starts much sooner.

MZ: I continue to get positive chatter from bond folks. With big expectations . But no one is running around buying Ferrari’s or mansions yet.

MZ: Out of Iraq – hearing we are supposed to be getting news on Sunday that has to do with the budget but since they have already passed it- does this mean we are getting a rate? Or which projects were executed or started? I do not know.

MZ: I love this one: “House passes anti CBDC bill to prevent surveillance of Americans” This passed by a solid margin with both Republicans and Democrats jumping on board. 216 to 192.

MZ: I believe it should make it through the senate….. Then what happens when it hits Joe’s desk?

MZ: I do like the fact that politicians may be waking up

Member: Happy birthday to all celebrating today and this weekend. Have a wonderful weekend! Celebrate!!

Mod: PRAYER FOR MEMORIAL DAY: Father, we honor those men and women—Who have laid down their life for their country. Whether weary or emboldened, quiet or defiant,

Member: Memorial Day we Honor and remember those who gave their all in wars and lost their lives … May we Never Forge

Mod: BREAKING NEWS: MarkZ's WEEKEND email address: Don't Write Me@NeverOnWEEKENDS.Com

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.

​TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com

STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx

GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANK YOU ALL FOR JOINING. HAVE A BLESSED WEEKEND ! SEE YOU ALL MONDAY MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

https://www.youtube.com/watch?v=5Bxj2SUkm70

MilitiaMan: Iraq Dinar-IQD Enhanced Value to Currency-Gold-Reserves-2024 Budget-HoR Vote-WTO Accession

Iraq Dinar-IQD Enhanced Value to Currency-Gold-Reserves-2024 Budget-HoR Vote-WTO Accession

MilitiaMan and Crew:  5-24-2024

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=35pj0RkYnww