Iraq Economic News and Points to Ponder Wednesday Evening 4-24-24
Iraq Economic News and Points to Ponder Wednesday Evening 4-24-24
More Than 138 Billion Dinars In “Fines” Imposed By The Iraqi Central Bank On Banks And Exchange Companies
Economy breaking Central Bank of Iraq 2024-04-23 00:11 Shafaq News/ The Central Bank of Iraq announced on Tuesday that the fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 138 billion Iraqi dinars during the past three months.
A table of the bank, seen by Shafaq News Agency, showed that the fines imposed on banks and financial companies during the past three months, starting from January and until the end of last March, amounted to 138 billion, 377 million, 321 thousand, and 527 dinars, indicating that
“the fines It also included 49 administrative penalties for these banks and non-banking institutions, distributed between warnings, warnings, and grace periods. The table showed that
“the month of January witnessed the highest fines on banks and non-financial institutions, as these fines reached 98 billion, 277 million, 722 thousand, and 62 dinars, with administrative penalties amounting to 17 penalties, while the month of March witnessed the lowest fines, amounting to 5 billion and 462.”
Iraq Economic News and Points to Ponder Wednesday Evening 4-24-24
More Than 138 Billion Dinars In “Fines” Imposed By The Iraqi Central Bank On Banks And Exchange Companies
Economy breaking Central Bank of Iraq 2024-04-23 00:11 Shafaq News/ The Central Bank of Iraq announced on Tuesday that the fines imposed on banks and non-banking institutions (exchange companies) amounted to more than 138 billion Iraqi dinars during the past three months.
A table of the bank, seen by Shafaq News Agency, showed that the fines imposed on banks and financial companies during the past three months, starting from January and until the end of last March, amounted to 138 billion, 377 million, 321 thousand, and 527 dinars, indicating that
“the fines It also included 49 administrative penalties for these banks and non-banking institutions, distributed between warnings, warnings, and grace periods. The table showed that
“the month of January witnessed the highest fines on banks and non-financial institutions, as these fines reached 98 billion, 277 million, 722 thousand, and 62 dinars, with administrative penalties amounting to 17 penalties, while the month of March witnessed the lowest fines, amounting to 5 billion and 462.”
One million, 451 thousand, and 344 dinars with administrative penalties amounting to 15 penalties.”
The table did not show the names of the banks on which fines and administrative penalties were imposed.
The Association of Investors in the Iraqi Stock Exchange had criticized, in early June, the Central Bank of Iraq's increase in fines on banks, noting that it would affect the profitability of investors in the shares of these banks.
https://shafaq.com/ar/اقتصـاد/كثر-من-138-مليار-دينار-غرامات-المركزي-العراقي-على-مصارف-وشركات-صرافة
Iraq And Switzerland Are Discussing The File Of Recovering Smuggled Funds And Assets
Policy 04-24-2024 | 388 views The Chairman of the Federal Integrity Commission and Chairman of the Board of Directors of the Iraq Assets Recovery Fund, Haider Hanoun, stressed the
need for all countries falling under the United Nations Convention against Corruption to cooperate in exchanging information and legal assistance to recover their smuggled funds and assets.
During his meeting with anti-corruption officials in the Swiss Ministries of Foreign Affairs and Justice, Hanoun pointed out
“Iraq’s compliance with its international obligations with regard to the provisions of the United Nations Convention against Corruption,”
calling for assistance and assistance to be provided to the Republic of Iraq in order to recover its smuggled funds and assets,
especially with regard to some bank accounts that the corrupt people were able to seize. Hiding the proceeds of corruption smuggled through it.”
Hanoun gave a brief presentation on the nature of the Commission’s work and its various departments, pointing out that the
Iraqi legislator did not limit himself to stipulating departments with deterrent and injunctive aspects, such as the investigation and recovery departments in the Commission’s law,
but rather went beyond that to stipulate more than one department carrying out the preventive, educational and awareness-raising aspects, pointing to the work of The Commission is working to develop the state’s oversight cadres through the Iraqi Anti-Corruption Academy, noting the step of launching diploma studies in specializations related to anti-corruption.”
During the meeting, they “reviewed the
aspects of joint work,
international cooperation and the provision of legal assistance, and the
points of similarity and difference in the anti-corruption strategy (Iraqi and Swiss), as well as the
possibility of exchanging experiences, information and training, and the
emphasis on strengthening ties and relationships between countries,
concluding memorandums of understanding and the role of this in
overcoming corruption.”
Money recovery and
extradition process.
Parliamentary Integrity Reveals An Agreement With Interpol To Recover Fugitive Corrupt People
Political| 10:52 - 04/23/2024 Mawazine News – Baghdad Member of the Parliamentary Integrity Committee, Abdul Amir Al-Mayahi, revealed new moves to proceed with amending the election law again, noting that Parliament is coordinating an agreement between the Iraqi and international Interpol to arrest fleeing corrupt people.
Al-Mayahi said in an interview followed by Mawazine News:
“There is an agreement between the Iraqi Interpol and the International Interpol, to pursue any wanted person in any country, in an effort by the Iraqi Interpol to arrest the wanted persons and hand them over to the Iraqi government, and there is effective coordination with Interpol in this regard.” He added.
“The Integrity Committee works independently and seeks to collect the required documents regarding those accused of corruption, and
upon obtaining proof, the committee will work to request hosting the concerned official if he is present inside the country, while submitting recommendations to the relevant authorities.” He continued,
“The committee is not responsible for prosecuting the wanted individuals.”
On charges of corruption outside the country, it is the responsibility of the Federal Integrity Commission and the Iraqi and international Interpol if there are arrest warrants for certain figures of state employees who have committed corruption and of the Integrity Commission or the Public Prosecution.”
Türkiye: The Development Road With Iraq Will Link FAO To London
Economy Iraq Türkiye Development path 2024-04-22 Shafaq News/ The Turkish Minister of Transport and Infrastructure, Abdulkadir Oraloglu, confirmed on Tuesday that the
“Development Road” project will allow goods to be transported to all European countries without interruption via a land route and railway extending from the Iraqi port of Al-Faw to the British capital, London. Oglu said in a statement followed by Shafaq News Agency,
“Turkey, Iraq, Qatar, and the UAE signed in Baghdad a four-way memorandum of understanding for cooperation on the development road project, under the auspices of Turkish President Recep Tayyip Erdogan and Iraqi Prime Minister Muhammad Shia’a al-Sudani.” He pointed out that
"the large port of Al-Faw in Iraq is important in the project as a transit center," explaining that
"the project will significantly reduce travel time between Asia and Europe via Turkey." He continued:
"Through the development road project that we are implementing based on the advanced and growing volume of trade in the world and the strategic location of Turkey,
we will allow uninterrupted transportation to all European countries via land and railway from the port of Al-Faw to London."
The Turkish Minister stated that "the development road will shorten the time on the ship departing from the port of Al-Faw to Europe by 15 days compared to the Suez Canal," stressing that
"the project will open a new door with regard to regional trade."
Yesterday, Monday, Iraq, Turkey, the UAE, and Qatar signed a four-way agreement regarding the Iraq Development Road Project, under the auspices of Iraqi Prime Minister Muhammad Shia al-Sudani and Turkish President Recep Tayyip Erdogan.
The agreement aims to enhance cooperation regarding the Iraq Strategic Development Pathway Project, as the four countries will work to establish the necessary frameworks to implement the project, according to a statement issued by the Prime Minister’s Office.
The Iraqi Minister of Transport, Razzaq Al-Saadawi, the Turkish Minister of Transport and Infrastructure, Abdul Qadir Oraloglu, the Qatari Minister of Transport, Jassim Al-Sulaiti, and the Emirati Minister of Energy and Infrastructure, Suhail Mohammed Al-Mazrouei, signed the agreement. Agreement on behalf of their countries.
It is expected that the strategic development road project will contribute to stimulating economic growth and strengthening regional and international cooperation relations, as it will achieve economic integration and sustainability between East and West.
The project will also increase international trade, facilitate the movement of goods, provide a new competitive transportation route, and enhance regional economic prosperity.
The Iraqi Prime Minister had previously stated that the development road represents a global corridor for transporting goods and energy.
Al-Sudani explained that the project includes a railway line to transport goods with a capacity of 3.5 million tons in its first phase, which will rise to 7.5 million tons in the second phase.
The Iraqi Prime Minister explained that the project will also include a
land transport highway and
energy transport pipelines, in addition to the large Al-Faw port and the
industrial city expected to be one of the largest ports in the Middle East.
The project will generate many job opportunities for Iraq and the countries of the region, as well as opportunities for industries and businessmen, and will be a center for attracting global trade.
Many Arab, regional and European countries have expressed their willingness to participate in the Iraq Development Road Project, either by pumping investments or participating in construction work, as it constitutes an important link between Asia and Europe.
The value of the project is estimated at about 17 billion dollars.
It will link the large port of Al-Faw in southern Iraq to the border with Türkiye by extending the railway and road network.
The project is expected to turn the country into a transit hub by shortening travel time between Asia and Europe in an attempt to compete with Egypt's Suez Canal.
https://shafaq.com/ar/اقتصـاد/تركيا-طريق-التنمية-مع-العراق-سيربط-الفاو-بلندن
Financial Inclusion Indicators
April 24, 2024 To/all banks M/ Financial inclusion indicators
He was keen to prepare a database for financial inclusion indicators in Iraq. Which will be essential to measure Financial Inclusion Rates
We attach to you a database of financial inclusion statistics and loans granted to individuals
Companies will collect this data quarterly and add it cumulatively to previous periods.
The response will be within (51) days from the date of this circular.
We would also like to inform you that a training workshop will be held in the hall of the Central Bank of Iraq On Monday 4/22/2024 at ten in the morning for (one day only).
I hope to nominate specialized representatives Two people from your bank to attend the workshop for the purpose of training on how to enter data.
with respect.
Attachments:
- Excel table of financial inclusion statistics
- Excel table of statistics of loans granted to individuals and companies
[approximate and incomplete translation of https://cbi.iq/static/uploads/up/file-171394410086180.pdf]
Financial inclusion indicators.. For more, click here https://cbi.iq/static/uploads/up/file-171394410086180.pdf
https://cbi.iq/news/view/2551
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
Provoking Points To Ponder on Failures and Mistakes
Through failure, we learn a lesson in humility which is probably needed, painful though it is.- Bill W.
A failure is a man who has blundered, but is not able to cash in the experience.- Elbert Hubbard
Like success, failure is many things to many people. With Positive Mental Attitude, failure is a learning experience, a rung on the ladder, a plateau at which to get your thoughts in order and prepare to try again.- W Clement Stone
Disappointment is the nurse of wisdom.- Sir Boyle Roche
When you make a mistake, don't look back at it long. Take the reason of the thing into your mind, and then look forward. Mistakes are lessons of wisdom. The past cannot be changed. The future is yet in your power.- Hugh White
What can any of us do with his talent but try to develop his vision, so that through frequent failures we may learn better what we have missed in the past.- William Carlos Williams
http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html
Currency Insider Iraqi Dinar – Dong Late Wednesday Evening 4-24-24
Currency Insider Iraqi Dinar – Dong Late Wednesday Evening 4-24-24
Iraqi dinar latest evening exchange rates today on closing – 1:19
Iraqi Dinar New Rate Going Higher $3.91 – 2:24
Vietnam Dong rate update high against USD – 1:14
Currency Insider Iraqi Dinar – Dong Late Wednesday Evening 4-24-24
Iraqi dinar latest evening exchange rates today on closing – 1:19
Iraqi Dinar New Rate Going Higher $3.91 – 2:24
Vietnam Dong rate update high against USD – 1:14
Iraqi dinar latest evening exchange rates today on closing – 1:19
Iraqi Dinar New Rate Going Higher $3.91 – 2:24
Vietnam Dong rate update high against USD – 1:14
Iraqi Dinar Today Video Updates Late Wednesday Evening 4-24-24
Iraqi Dinar Today Video Updates Late Wednesday Evening 4-24-24
Wow Chase Bank Display IQD New Exchange Rate on Screen – 4:21
Congratulations ✅ CBI Released On Tv – 3:54
Citibank IQD Rate Was $3.91Done Believe It's actual – 3:27
US Treasury Done ✅IMF & World Bank Confirmed Iraqi Dinar RV Approved On 9th May – 2:43
Iraqi Dinar Today Video Updates Late Wednesday Evening 4-24-24
Wow Chase Bank Display IQD New Exchange Rate on Screen – 4:21
Congratulations CBI Released On TV – 3:54
Citibank IQD Rate Was $3.91Done Believe It's actual – 3:27
US Treasury Done IMF & World Bank Confirmed Iraqi Dinar RV Approved On 9th May – 2:43
Wow Chase Bank Display IQD New Exchange Rate on Screen – 4:21
Congratulations CBI Released On TV – 3:54
Citibank IQD Rate Was $3.91Done Believe It's actual – 3:27
US Treasury Done IMF & World Bank Confirmed Iraqi Dinar RV Approved On 9th May – 2:43
“Tidbits From TNT” Thursday Morning 4-25-2024
TNT:
Tishwash: Al-Araji from Russia: Iraq still needs the support of the international community
Iraqi National Security Advisor, Qasim Al-Araji, confirmed on Thursday that his country still needs the support of the international community to achieve stability and sustainable development.
This came in a speech he delivered at the twelfth meeting of senior officials on security issues held in St. Petersburg, Russia 2024.
Al-Araji said in his speech, "Iraq's message to the international community is a message of reassurance that our people have overcome the challenges of violence, terrorism, and sub-identities and are moving forward on the path of peace and sustainable development."
He added, "We look forward to supporting the economic process and moving the wheel of development, education, and other aspects related to the future of Iraqis, by transforming crises into opportunities for success."
TNT:
Tishwash: Al-Araji from Russia: Iraq still needs the support of the international community
Iraqi National Security Advisor, Qasim Al-Araji, confirmed on Thursday that his country still needs the support of the international community to achieve stability and sustainable development.
This came in a speech he delivered at the twelfth meeting of senior officials on security issues held in St. Petersburg, Russia 2024.
Al-Araji said in his speech, "Iraq's message to the international community is a message of reassurance that our people have overcome the challenges of violence, terrorism, and sub-identities and are moving forward on the path of peace and sustainable development."
He added, "We look forward to supporting the economic process and moving the wheel of development, education, and other aspects related to the future of Iraqis, by transforming crises into opportunities for success."
Al-Araji pointed out that "Iraq still needs the support of the international community, to achieve the paths and requirements of managing diversity and pluralism and enhancing its national security in order to achieve sustainable stability and development." link
Tishwash: Sudanese Advisor: $450 billion value of future investment projects in Iraq
The Prime Minister's Advisor for Investment Affairs, Muhammad Al-Najjar, revealed on Wednesday the value of the investment projects that will be implemented in Iraq during the coming period.
Al-Najjar said in a televised statement, followed by “Al-Eqtisad News,” that “the economic growth that Iraq is currently witnessing is due to a number of reasons, the most important of which is the maintenance of stable oil prices, as this contributed to achieving financial abundance, in addition to the calm and political stability, which prompted the private sector.” To pump very large sums of money into strategic projects.”
He added, "The value of the investment projects that will be implemented in Iraq is estimated at 450 billion dollars, most of which are related to infrastructure and climate change," noting that "Qatar, Saudi Arabia, and the United States are the most prominent investing countries during the coming period, as Iraq has signed several agreements with those countries."
Al-Najjar continued, "Iraq, according to these data, will record the highest levels of economic growth in the world," noting that "the government's vision includes involving the private sector in achieving sustainable development through the implementation of various projects, especially in the areas of health and housing."
He confirmed the existence of "a package of important changes that will occur in Iraqi commercial and economic laws, as these packages were presented by the Council of Ministers to auditing bodies to be later presented to the House of Representatives."
He revealed that "the Iraq Fund for Development is in the process of launching a project (rent and own), which means owning the property for its residents, and it is a project proposed for the first time in Iraq." link
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Tishwash: Iraq alone possesses 9% of the world's reserves...a magical material to stimulate agriculture and the economy, awaiting investment
Economic researcher Salah Al-Moussawi revealed today, Wednesday (April 24, 2024), that phosphate is a wealth that will not be depleted in Iraq for hundreds of years, while noting that it achieves a double benefit.
Al-Musawi is one of those who worked for years in the phosphate sector in western Iraq at the end of the seventies of the last century, and he is familiar with the numbers and studies that took place for years about this enormous natural wealth and how it can be invested in a way that leads to a qualitative shift in supporting the agricultural sector.
He said in an interview with “Baghdad Today” that “fertilizer prices in global markets approached $1,200 per ton, but in Iraq it can be produced for only $200, and this difference gives farmers momentum to reduce production costs at significant rates,” stressing that “phosphate factories are capable of Producing at least one million and 200 thousand tons annually, but the numbers may double with the presence of new lines, and it could constitute a resource not only for the country but also for neighboring countries due to the difference in prices and quality.”
He pointed out that "the phosphate reserves in Iraq are sufficient to operate at current production levels for hundreds of years without being depleted, meaning that we are facing great wealth," stressing that "the Sudanese government has actually begun to move towards investing Iraq's capabilities in several areas away from the oil file because it is aware of the seriousness of the changes." The importance of diversifying the economy, giving greater importance to agriculture, and ensuring its tools, including fertilizers, for survival and growth.”
Optimally investing in phosphate would achieve two main goals at the same time, which is providing fertilizer at prices equivalent to approximately 15% of the import cost, in addition to finding a new export resource away from oil.
Iraq ranks second in the world in phosphate reserves, as Iraq alone possesses 9% of the total global reserve, according to the Iraqi Geological Survey. link
Mot: Bet Ya Didnt Knows ~~~~~
Mot: .. Yeppers!! - Frustrating When This Happens
News, Rumors and Opinions Thursday AM 4-25-2024
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 Thurs. 25 April 2024 Compiled Thurs. 25 April 2024 12:01 am EST by Judy Byington
Tues. 23 April Wolverine: “An audio came out from the owner of the Pentecostal Group in Columbia. Michael Rueben who is the number one Paymaster over all the Paymasters in the World, had a meeting with the committee. He said that things have started. They are releasing to The People and we are going to have a beautiful week this week. … In Mexico the banks are closing and will be closed for five days.”
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 Thurs. 25 April 2024
Compiled Thurs. 25 April 2024 12:01 am EST by Judy Byington
Tues. 23 April Wolverine: “An audio came out from the owner of the Pentecostal Group in Columbia. Michael Rueben who is the number one Paymaster over all the Paymasters in the World, had a meeting with the committee. He said that things have started. They are releasing to The People and we are going to have a beautiful week this week. … In Mexico the banks are closing and will be closed for five days.”
Tues. 23 April Both Wolverine and TNT Tony maintained that Reno started the Global Currency Reset process last Fri. 19 April.
Wed. 24 April TNT Tony: The governor of CBI has told the citizens to prepare for the currency exchange. The citizens of Kurdistan are expecting this to happen by Sat. 27 April. Three Letter Agencies Update: Agency 1 —- As of yesterday……Nothing until this coming week end – the “Powers That Be” wanted three more days to get their ducks in a row. Agency 2 —- At yesterday’s meeting they told that Wells Fargo is still the lead bank because they’re the only bank willing to take anybody and everybody. They were told to stay ready. Banks are currently on standby. They still have rates on their screens, and are awaiting authorization to process you.
Tues. 23 April Bruce The Big Call Universe (ibize.com) 667-770-1866, pin123456#: “Redemption Center sources say everything will be released by the end of the week. One Redemption Center Head said ‘This is the week.’ Since Sun. 21 April 19 currencies have been going up in value on the Forex. Zim has been on par with the US Dollar and was now over par. While most currencies will top out, the Dong may continue to go up in value.”
Tues. 23 April MarkZ: “Bonds are now being paid out (made liquid). Tier4b (us, the Internet Group) will be notified to set appointments for exchanges after 30% of the bonds have been paid out. …There are people who have already received their money to spend. It’s on a descending scale and we must wait patiently our turn. Be happy that the money movement has already started.”
On Mon. 22 April an Iraqi citizen used his Central Bank of Iraq (CBI) Debit Card to purchase an item in Texas and found the exchange rate at that moment was $3.90 USD per 1 Iraqi Dinar.
~~~~~~~~~~~~~
Global Financial Crisis:
U.S. debt soars by $1 trillion every three months with interest expenses through the roof.
THE UNITED STATES IS DRAFTING SANCTIONS THAT THREATEN TO CUT SOME CHINESE BANKS OFF FROM THE GLOBAL FINANCIAL SYSTEM.
Wed. 24 April: Chase Bank app is down — many Americans report issues in accessing online banking.”
Read full post here: https://dinarchronicles.com/2024/04/25/restored-republic-via-a-gcr-update-as-of-april-25-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Nader From The Mid East This visit to United States it was really good. All this contracts they signed...all these people want to go to Iraq to do business, start businesses. It's great. Now they have the ball in their hands so we see what they're going to do with it. They're going to score or pass on the side again?
Breitling You have these currencies that have a lot of zeros behind it. Comparing with these other currencies that LOPed, Iraq is a completely different case. They don't have a market problem. They don't have a customer problem. Where is the inflation coming from? It's coming from policy. How can they add value to their currency? It's all going to be based on 100% policy. The authority comes from parliament, the Ministry of Planning, Ministry of Finance and the Central Bank of Iraq. They don't need any more customers. To add value to the currency they don't need to do anything else.
Finally, Turkey's President Visits Iraq
Edu Matrix: 4-25-2024
Finally, Turkey's President Visits Iraq - Iraq has had an ongoing series of issues with Turkey, from the water levels in the rivers to the PKK and the oil exports from Northern Iraq to Turkey. The Turkish President showed up . Issues were resolved. Agreements were signed.
Iraq Economic News and Points to Ponder Wednesday Afternoon 4-24-24
Iraq Economic News and Points to Ponder Wednesday Afternoon 4-24-24
Iraq Completes The Completion Of The Files For The Initial Offer Of Goods And Services To Join The World Trade Organization
Wednesday 24, April 2024 23:03 | Economical Number of readings: 115 Baghdad / NINA / The Ministry of Commerce announced the completion of the files for initial offers for goods and services and their official submission to the Secretariat of the World Trade Organization through official channels.
Minister of Commerce Atheer Al-Ghurairi, Chairman of the National Committee concerned with Iraq’s accession to the World Trade Organization, said: “This important step comes in the context of the Iraqi government’s efforts and its program aimed at promoting international trade and achieving sustainable development, which reflects its commitment to ensuring global economic integration and expanding economic partnerships.” .
He added “The National Committee, the technical committees emanating from it, and the accession team in the Ministry were able, within a short period of time, to complete these files and submit them to the organization in preparation for holding the third meeting of the working group on Iraq during the current year, 16 years after the date of the second meeting of the group in 2008.”
Iraq Economic News and Points to Ponder Wednesday Afternoon 4-24-24
Iraq Completes The Completion Of The Files For The Initial Offer Of Goods And Services To Join The World Trade Organization
Wednesday 24, April 2024 23:03 | Economical Number of readings: 115 Baghdad / NINA / The Ministry of Commerce announced the completion of the files for initial offers for goods and services and their official submission to the Secretariat of the World Trade Organization through official channels.
Minister of Commerce Atheer Al-Ghurairi, Chairman of the National Committee concerned with Iraq’s accession to the World Trade Organization, said: “This important step comes in the context of the Iraqi government’s efforts and its program aimed at promoting international trade and achieving sustainable development, which reflects its commitment to ensuring global economic integration and expanding economic partnerships.” .
He added “The National Committee, the technical committees emanating from it, and the accession team in the Ministry were able, within a short period of time, to complete these files and submit them to the organization in preparation for holding the third meeting of the working group on Iraq during the current year, 16 years after the date of the second meeting of the group in 2008.”
He pointed out that the World Trade Organization (WTO) and international circles welcomed Iraq's return to the negotiating table.
Al-Ghurairi stressed: “The two files for the initial offer of goods and services, which were submitted, included a wide range of products and services that reflect the diversity and competitiveness of the Iraqi economy and their negotiation,” noting: “
Work is underway to prepare the Iraqi negotiating team and build the team’s negotiating capabilities for the purpose of initiating a contract.” Negotiating rounds with member states of the organization in order for Iraq to obtain membership in the organization.
He explained: “The Department of Foreign Economic Relations, through official channels of dealing with the organization, is working on completing all requirements for accession in order for Iraq to obtain membership in the organization and to enhance Iraq’s integration into the multilateral trading system.”
It is worth noting that the World Trade Organization (WTO) has issued the annual report on the accession of observer countries, and praised the efforts led by the Ministry of Commerce through its chairmanship of the National Committee, and that Iraq is the only Arab country whose accession process has become active, and has passed advanced stages among the Arab countries that have It holds the status of an observer member. https://ninanews.com/Website/News/Details?key=1122971
Increase In Foreign Remittance Sales At The Central Bank Auction
Money and business Economy News – Baghdad External remittances at the Central Bank of Iraq auction increased by 95% today, Wednesday, at the expense of cash sales, to reach $266 million.
In its auction today, the Central Bank sold 279 million and 556 thousand and 200 dollars, which it covered at a base exchange rate of 1,305 dinars per dollar for documentary credits and international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,310 dinars per dollar in cash.
Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 266 million 256 thousand and 200 dollars, an increase of 95% over cash sales amounting to 13 million and 300 thousand dollars.
The number of banks that purchased cash dollars reached 6 banks, while the number of banks that responded to requests to enhance balances abroad reached 12 banks, and the total number of exchange and brokerage companies participating in the auction was 117 companies. 96 views 04/24/2024 PM https://economy-news.net/content.php?id=42783
Sudanese Advisor: $450 Billion Value Of Future Investment Projects In Iraq
Advisor To The Prime Minister For Investment Affairs, Executive Director Of The Iraq Fund For Development, Muhammad Al-Najjar
Reconstruction and building Economy News – Baghdad The Prime Minister's Advisor for Investment Affairs, Muhammad Al-Najjar, revealed on Wednesday the value of the investment projects that will be implemented in Iraq during the coming period.
Al-Najjar said in a televised statement, followed by “Al-Eqtisad News,” that “the economic growth that Iraq is currently witnessing is due to a number of reasons, the most important of which is the maintenance of stable oil prices, as this contributed to achieving financial abundance, in addition to the calm and political stability, which prompted the private sector.” To pump very large sums of money into strategic projects.”
He added, "The value of the investment projects that will be implemented in Iraq is estimated at 450 billion dollars, most of which are related to infrastructure and climate change," noting that "Qatar, Saudi Arabia, and the United States are the most prominent investing countries during the coming period, as Iraq has signed several agreements with those countries."
Al-Najjar continued, "Iraq, according to these data, will record the highest levels of economic growth in the world," noting that "the government's vision includes involving the private sector in achieving sustainable development through the implementation of various projects, especially in the areas of health and housing."
He confirmed the existence of "a package of important changes that will occur in Iraqi commercial and economic laws, as these packages were presented by the Council of Ministers to auditing bodies to be later presented to the House of Representatives."
He revealed that "the Iraq Fund for Development is in the process of launching a project (rent and own), which means owning the property for its residents, and it is a project proposed for the first time in Iraq."
Views 117 04/24/2024 - https://economy-news.net/content.php?id=42789
The Stock Market Closed 2.48% Higher After The Iraqi Openness With Türkiye And America
Market Economy News – Baghdad The Iraqi Stock Exchange closed today, Wednesday, up by 2.48%, after the positive developments in the Iraqi economy as a result of the signing of agreements with Turkey and America.
The stock exchange traded shares of 44 companies, with 3.6 billion shares worth 1.5 billion dinars, through 866 transactions.
The Bank of Baghdad continued its rise since the beginning of the week, as it rose today by 6.55% and reached 4.39 dinars, and the Iraqi Islamic Bank also rose by 10.57% and reached 1.36 dinars, after announcing the date of the General Assembly meeting and increasing its capital to 325 billion dinars.
The banking sector ranked first among the most traded companies, with shares traded reaching 3.5 billion shares. 98 views 04/24/2024 - https://economy-news.net/content.php?id=42778
Oil Rises After A Decline In Us Inventories
Economy | 08:39 - 04/24/2024 Mawazine News – Baghdad Oil prices rose in early trading, today, Wednesday, continuing their gains in the previous session after industry data showed a sudden decline in US crude inventories last week, in an indicator... Demand increased and attention shifted away from hostilities in the Middle East.
Brent crude oil futures rose nine cents, equivalent to 0.1 percent, to $88.51 per barrel by 00:31 GMT. US West Texas Intermediate crude futures also increased. Ten cents, or 0.11 percent, to $83.45 per barrel. According to reports seen by Al-Naeem News.
Market sources, citing figures from the American Petroleum Institute, reported that US crude inventories fell by 3.237 million barrels in the week ending April 19. In contrast, six analysts polled expected... Reuters reported an increase of 800 thousand barrels.
Traders are awaiting official US data on oil inventories and products scheduled to be released at 10:30 am US time. United States (1430 GMT) to confirm the significant decline in inventories.
Meanwhile, expectations are growing that the UK and EU will cut. Interest rates in June, which may help support economic growth, thus increasing demand for oil.
https://www.mawazin.net/Details.aspx?jimare=246586
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
Provoking Points To Ponder on Failures and Mistakes
There are no mistakes. The events we bring upon ourselves, no matter how unpleasant, are necessary in order to learn what we need to learn; whatever steps we take, they're necessary to reach the places we've chosen to go.- Richard Bach
Failure is instructive. The person who really thinks learns quite as much from his failures as from his successes.- John Dewey
Failure is a school in which the truth always grows strong.- Henry Ward Beecher
The important thing is to learn a lesson every time you lose.- John McEnroe
It's good to fail now and again - you learn a lot more out of failure than you do out of success.- Ian Hunter
One of the reasons mature people stop learning is that they become less and less willing to risk failure.- John W. Gardner
http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html
Iraqi Dinar Video Update Wednesday Afternoon 4-24-24
Iraqi Dinar Video Update Wednesday Afternoon 4-24-24
Iraq President Announce IQD New Exchange Rate – 2:59
Iraqi Dinar RV Processing Big Happening – 3:08
Iraqi Dinar Set 3.91$ New Rate – 3:41
Iraqi Dinar Parlimentry Finance Announced 2024 Budget Schedule – 3:40
Iraqi Dinar Video Update Wednesday Afternoon 4-24-24
Iraq President Announce IQD New Exchange Rate – 2:59
Iraqi Dinar RV Processing Big Happening – 3:08
Iraqi Dinar Set 3.91$ New Rate – 3:41
Iraqi Dinar Parlimentry Finance Announced 2024 Budget Schedule – 3:40
Iraq President Announce IQD New Exchange Rate – 2:59
Iraqi Dinar RV Processing Big Happening – 3:08
Iraqi Dinar Set 3.91$ New Rate – 3:41
Iraqi Dinar Parlimentry Finance Announced 2024 Budget Schedule – 3:40
Goldilocks' Comments and Global Economic News Wednesday Evening 4-24-24
Goldilocks' Comments and Global Economic News Wednesday Evening 4-24-24
Good Evening Dinar Recaps,
I see two things that have to happen before we see an RV on our paper money. Gold has to be able to withstand anything that is thrown at it, and the QFS has to be completed my friends.
We are looking at the CFTC being able to take us in soon, BUT as they have said in their own words yesterday:
“as soon as technologically practicable.”
Going forward, connections to those who are actually creating the system in the field of technological development are the people who provide us with real Intel.
Everything else, is just simply getting the word around that everything is done and secondary intel.
What is going on behind the scenes in technological advancement is our path forward. The old world has passed away and all things are becoming new.
Let me introduce to you the new World Reserve Asset going forward. Ripple is the new dollar. When Ripple is set free backed by gold, so are we. The Banker
© Goldilocks
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Goldilocks' Comments and Global Economic News Wednesday Evening 4-24-24
Good Evening Dinar Recaps,
I see two things that have to happen before we see an RV on our paper money. Gold has to be able to withstand anything that is thrown at it, and the QFS has to be completed my friends.
We are looking at the CFTC being able to take us in soon, BUT as they have said in their own words yesterday:
“as soon as technologically practicable.”
Going forward, connections to those who are actually creating the system in the field of technological development are the people who provide us with real Intel.
Everything else, is just simply getting the word around that everything is done and secondary intel.
What is going on behind the scenes in technological advancement is our path forward. The old world has passed away and all things are becoming new.
Let me introduce to you the new World Reserve Asset going forward. Ripple is the new dollar. When Ripple is set free backed by gold, so are we. The Banker
© Goldilocks
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US to take aim at Chinese banks aiding Russia war effort — WSJ - BusinessWorld Online
👆 Can you see how this is pushing the digital economy forward and new payment system especially in the east?
© Goldilocks
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BRICS weighs in on using stablecoins in settlements, Russian official says | Crypto News
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US Senate Introduces Stablecoin Regulation Bill | The Crypto Times
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Crypto ETFs Make Great Headlines, But Stablecoins Are Key To Mass Adoption | Forbes
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Spring Meetings 2024 Wrap Up: Despite mounting crises, persistent lack of political will to match rhetoric with action remains - Bretton Woods Project
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Message from Freedom Fighter on Iraq's RV Process 2024-04-24
LISTEN HERE:
👇Reposted from this morning:
CBI Banker in Iraq Contact:
Dee and I just finished a conversation with our CBI Banker in Iraq with ties to the Foreign Remittance Department.
Iraq is currently increasing the amount of Gold they hold that will support their currency.
Iraq is encouraging people to use a debit (Visa & Master) Card as much as possible, so they can get used to becoming a cashless society.
As far as a rate is concerned, they are looking to move from 1,310 to 1,000 soon.
Many new agreements have been signed with other countries to increase the demand for their currency as of late.
He expressed that they still need more goods to sell to increase their money velocity.
Iraq has not moved to a position of removing the three zeros on their currency just yet.
It was mentioned that they are still working with their Foreign Corresponding Bank to complete their banking reforms this year.
© Goldilocks
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Iraq is telling us on the CBI website that they are meeting their Financial Inclusion Requirements.
G20 has standard guidelines for what this means.
"Financial inclusion is measured in three dimensions: (i) access to financial services; (ii) usage of financial services; and (iii) the quality of the products and the service delivery." https://cbi.iq/news/view/2552
© Goldilocks
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G20 Set of Financial Inclusion Indicators.pdf
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RIPPLE XRP SEC CASE COULD END VERY SOON $20 XRP COULD BE NEXT! | Youtube
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Russian court orders seizure of $440m from JPMorgan | Luxembourg Times
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Ripple vs. SEC: Trial Resumes as Crypto Industry Braces for Impact | Finance Magnates
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Indonesia Releases Exports of Moringa Leaves, Coconut Charcoal to Asia and Europe - News En.tempo.co
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Russian court orders seizure of $440m from JPMorgan | Luxembourg Times
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Gold Price Today Will Look Different Soon | Youtube
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Two SEC attorneys resign after ‘gross abuse of power’ sanctions | Banking Dive
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Thank you Dinar Recaps
KTFA Wed. Night CC: “FRANK26…4-24-24….WELCOME WALKINGSTICK”
KTFA
Wednesday Night Conference Call
“FRANK26…4-24-24….WELCOME WALKINGSTICK”
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Wednesday Night Conference Call
“FRANK26…4-24-24….WELCOME WALKINGSTICK”
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
More News, Rumors and Opinions Wednesday PM 4-24-2024
KTFA:
Clare: The Sudanese advisor reveals the goal of the development road: Goods arrive in Paris within 24 hours
4/24/2024 Baghdad
Today, Wednesday, Advisor to the Prime Minister for Transport, Nasser Al-Assadi, revealed the main goal of the development road project, while stressing that goods need 24 hours to reach Europe.
Al-Asadi said, in a televised interview, followed by Al-Iqtisad News, that “the goal of the development road project is not only transportation, but transportation is part of it,” pointing out that “the basic idea of the project is to create sustainable industrial, agricultural, educational, and tourism investment opportunities.”
KTFA:
Clare: The Sudanese advisor reveals the goal of the development road: Goods arrive in Paris within 24 hours
4/24/2024 Baghdad
Today, Wednesday, Advisor to the Prime Minister for Transport, Nasser Al-Assadi, revealed the main goal of the development road project, while stressing that goods need 24 hours to reach Europe.
Al-Asadi said, in a televised interview, followed by Al-Iqtisad News, that “the goal of the development road project is not only transportation, but transportation is part of it,” pointing out that “the basic idea of the project is to create sustainable industrial, agricultural, educational, and tourism investment opportunities.”
He added, "We do not depend on one country, but rather a group of countries wishing to export their goods to Europe, which will take any of the routes available in the world, including the Suez Canal and the Cape of Good Hope. However, what distinguishes the path of development are several aspects, including a 50% reduction in time." %, also the cost is lower, in addition to being safe.”
Al-Asadi explained, “Many shipping operations are followed by loading and unloading, which leads to damage, but we perform this process only once, that is, from sea to land.”
He pointed out, "Ships need 24 hours to reach from the port of Al-Faw to Paris, and even if we say 72 hours, this is less than the 15 days in which goods arrive via the Suez Canal." LINK
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Zimbabwe’s New Currency Leads to a Stock Market Wipeout
Story by Kailas Salunkhe, TIPRANKS, on MSN
Earlier this month, Zimbabwe introduced a new gold (CM:XAUUSD)-backed currency, called the ZiG (Zimbabwe Gold). However, even a well-intentioned path to fiscal prudence can become paved with unintended setbacks, including a stock market wipeout.
Zimbabwe’s Stock Market Slump
The introduction of the ZiG has resulted in a difficult-to-digest 99.95% wipeout in the Zimbabwe Stock Exchange All Share Index so far this month. This major change required local institutions and businesses to reconfigure their systems to accommodate the new currency, resulting in the rebasing of share prices for all listed companies in the country. According to Bloomberg, investors rushed into stocks prior to the conversion to escape inflation and the collapse of the local dollar (Zimbabwe’s previous currency).
However, the trading volumes and the value of transactions on the exchange have plunged after share prices were rebased in the new currency. The low trading volumes are also taking a toll on the country’s stockbroking industry.
Meanwhile, many Zimbabweans still prefer to transact in the more stable U.S. Dollar. This preference has led to a black market, where the ZiG is trading at nearly 20 ZiG for 1 USD. The official exchange rate from the Zimbabwean authorities is 13 ZiG to 1 USD.
Next Steps
As Zimbabwe embarks on its sixth attempt to introduce a stable and credible currency, the next significant milestone approaches on April 30. This marks the introduction of physical notes and coins in the new currency for circulation across the country.
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Television is saying we have reached a satisfactory agreement with the United States Treasury on the banks here in Iraq that have any sanctions related to dealing with the dollar. Our banks are free. Our currency is free. They are about to add value just like Sudani said in DC.
Walkingstick [Iraqi Bank friends Aki and #1 update] We heard these words from Alaq when he spoke to us. Paraphrasing that the comment was about changing the exchange rate. These words came up in the meeting here [in the US] where #1 was at in the last few days. Investors, large companies, big oil refineries, massive contract, all of them heard these words. They all know the exchange rate of the IQD is going to change.
CRISIS ZONE: ON THE EDGE OF A TOTAL DEBT MARKET MELTDOWN... IMPORTANT UPDATES.
Greg Mannarino: 4-24-2024
Putin and China Move To WIPEOUT the U.S. Dollar, Get Ready
Atlantis Report: 4-24-2024
The global financial sector is under pressure as Russia and China are making increased efforts to promote an alternative to the longstanding dominance of the U.S. dollar.
President Vladimir Putin and the Chinese leadership have joined hands to reduce their dependence on the dollar and challenge its status as the world's reserve currency.
This move comes amidst rising geopolitical tensions and strained relationships between the United States and key players such as Russia and China.
These factors have set the stage for a disruption in global finance.
BRICS vs European Union: The End of Western Bulleying
BRICS vs European Union: The End of Western Bulleying
Fastepo: 4-23-2024
BRICS+ significantly outperforms the European Union in several key areas, leveraging its expansive natural resources and developing robust financial systems to enhance its global standing.
With major oil producers like Saudi Arabia and the UAE, BRICS+ now controls a substantial portion of the world's oil production, in stark contrast to the EU's minor role and heavy reliance on energy imports.
Additionally, initiatives like the New Development Bank and efforts towards de-dollarization, particularly by Russia and China, illustrate BRICS+'s strides in reducing dependence on Western financial systems and the US dollar in international trade.
In agriculture, countries like China, Russia, and Brazil contribute massively to global grain production, with China alone far surpassing the EU's output.
BRICS vs European Union: The End of Western Bulleying
Fastepo: 4-23-2024
BRICS+ significantly outperforms the European Union in several key areas, leveraging its expansive natural resources and developing robust financial systems to enhance its global standing.
With major oil producers like Saudi Arabia and the UAE, BRICS+ now controls a substantial portion of the world's oil production, in stark contrast to the EU's minor role and heavy reliance on energy imports.
Additionally, initiatives like the New Development Bank and efforts towards de-dollarization, particularly by Russia and China, illustrate BRICS+'s strides in reducing dependence on Western financial systems and the US dollar in international trade.
In agriculture, countries like China, Russia, and Brazil contribute massively to global grain production, with China alone far surpassing the EU's output.
Collectively, BRICS+ not only accounts for a larger population but also a significant share of global GDP, enabling it to exert considerable influence in international forums.
This economic scale and resource control position BRICS+ as a formidable counterbalance to traditional Western powers, contrasting with the EU's focus on sustainability and regulatory standards in economic development.
In this video, we analyze the standing of the European Union against BRICS+ as of April 2024.
We explore the strengths of each bloc and discuss their prospects, comparing the outlook for BRICS+ and the European Union.