News, Rumors and Opinions Tuesday AM 7-2-2024

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 Tues. 2 July 2024

Compiled Tues. 2 July 2024 12:01 am EST by Judy Byington

Global Financial Crash Imminent

It’s only wise to have at least a month’s supply of food, water, cash, medicine and essential items on hand for your family and to share with others in case of emergency.

Global Currency Reset:

Mon. 1 July 2024 Wolverine: “There will be no announcement of the RV. The notifications for Tier4b to exchange will just come out without warning and should come sometime this week. I received a call, but can’t say much because everything is confidential. Everyone is under NDAs. Tier4b monies have been positioned. Private contractors are being paid. Bond Holders are in position. I’ve seen the signed contracts and certified documents for the reset. Hold on. It’s coming.”

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Sun. 30 June 2024 Breakfast with Tiffany: USD funds for Trigger Files have been released and will be ready for disbursement next Mon. 8 July and prerequisites for launching USN Bills now being finalized and scheduled for disbursement on that July 8th. 

GESARA is supposed to be announced July 8th as well, been further advised Trigger Bond payment Monday 1st and bond redemption payments Thursday 4th, public release of USN Bills and Currency Revaluation starting the 8th.

The Global Currency Reset release of funds across the World has been given, with funds coming directly from the US Treasury Department of Defense Operations. 

The launch of the RV was slowed down due to many Hacker and Cyber Attacks.

There will be an Internet Blackout

The White Hat Military are in control of the redemption process.

Wells Fargo and HSBC are leading these operations across the Globe.

There are local institutions in countries around the World that are connected and ready for Global notifications with access to Treasury Departments in the different countries.

All banks have signed confidentiality agreements (NDA) so it is normal for everything to be silent.

Notifications have gone out to Tier 4a, a small group of Tier4b and some Bond Holders.

The RV is being negotiated on the Forex.

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Sun. 30 June 2024 Mike Bara: The “Bond Holder” has been told he will be paid this week. I was told what day, but cannot share it. MarkZ reported that an announcement about lower denominations has been made in Iraq.

Sun. 30 June 2024: Look for something to happen around Mon. 8 July in regards to the NESARA announcement that will tie in with November 5th, allowing for the 120 days.

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Global Financial Crisis:

Mon. 1 July 2024: INTEL: Quantum Financial System, Global Currency Reset, and the Med Beds 5D ~ Trust the Plan! – #site_titleQuantum Financial System, Global Currency Revaluation, and the Med Beds 5D ~ Trust the Plan! (amg-news.com)

Read full post here: https://dinarchronicles.com/2024/07/02/restored-republic-via-a-gcr-update-as-of-july-2-2024/

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

Frank26   [Iraq boots-on-the-ground report]   FIREFLY:
They tell us on July the 18th we will be official but they keep hinting...that we're already part of the WTO.  They got some guy from the WTO saying that the WTO got this on our WTO calendar already... The newscast saying that is the day Iraq is fully accepted with no hold back or limitations on our currency.  FRANK:  This is very good news. IMO the new exchange rate should be well before that date...

Pimpy   Article:  "Customs complete the first phase of the automation project and reveals its revenues within 5 months"  They've been kept in the dark ages for a long time.  Everybody was doing everything by paper and pencil and it was kept that way for a reason...Banking and other institutions are seeing their companies change with this new technology are going to be excited.  It's going to make their work a lot more efficient...it's only going to get better for Iraq.  This is one of those way they can generate revenue other than from oil.  This is exactly what they need to diversify.  Quote "revenue rate will raise by the end of this year to 200% from what it was in 2022."  That's a hell of an increase...it's going to boom over there...

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US Political Chaos & Emergence Of BRICS Currency | Peter Grandich

Liberty and finance:  7-1-2024

The BRICS nations will likely this fall make movements towards a joint currency, possibly tied to gold, says Peter Grandich .

Gold has surged higher this year and stayed near all-time highs. The emergence of a BRICS currencies tied to gold is one of the reasons for gold's sustained rally, he believes.

Amid political and financial chaos in the U.S., it's time to build a financial ark. And he says owning hard assets like gold and silver offers the best protection.

INTERVIEW TIMELINE:

0:00 Intro

1:52 Political chaos

10:30 BRICS currency

15:50 Gold market update

25:00 Building an ark

https://www.youtube.com/watch?v=SvR6PQ7eXE4

Bretton Woods at 80: Evolving for the new global economy

Atlantic  Council:  7-1-2024

This event marks eighty years since the opening of the Bretton Woods Conference that created the World Bank and the IMF with senior officials from the World Bank, IMF, US Treasury, and the UK.

https://www.youtube.com/watch?v=rfIUl0ucQSM

Seeds of Wisdom RV and Economics Updates Monday Evening 7-1-24

Good Evening Dinar Recaps

NEW JAPANESE BANKNOTES TO BE ISSUED FROM JULY 2024 

"The banknotes feature as an anti-counterfeiting measure the world’s first three-dimensional holograms that make the portraits on bills appear to rotate when tilted. Tactile marks allow the visually impaired to identify the denominations."

"From the time that they are issued, the new banknotes will be available from financial institutions and ATMs. Currently issued banknotes will continue to be legal tender."

This ISN'T a revaluation of Japan's currency.

© Newshounds News™

Read more:  Nippon

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COMMERCIAL REAL ESTATE FACING UNCERTAIN TIMES

"US Banks Dumping Exposure To $2,500,000,000,000 Market Before ‘Inevitable Losses’ Hammer Balance Sheets: Report"

"Some of the biggest banks in America are quietly selling their exposure to a troubled sector of the US economy, according to a new report.
The banks are beginning to dump commercial real estate loans in a push to “cut their losses,” reports the New York Times."

“…These steps indicate a grudging acceptance by some lenders that the banking industry’s strategy of ‘extend and pretend’ is running out of steam, and that many property owners – especially owners of office buildings – are going to default on mortgages. That means big losses for lenders are inevitable and bank earnings will suffer.”

© Newshounds News™

Read more:  Daily Hodl

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WHAT EXACTLY IS FEDNOW?

"The FedNow Service is a new service for instant payments built by the Federal Reserve to help make everyday payments fast and convenient for American households and businesses. Banks and credit unions of all sizes can sign up for the FedNow Service and offer new instant payment services to their customers. In the coming years, customers of banks and credit unions who sign up for the FedNow Service will be able to use their financial institution's app, website, and other interfaces to send instant payments directly from their bank accounts quickly and securely. "

"The FedNow Service enables individuals and businesses to send and receive payments within seconds at any time of the day, on any day of the year, so that the receiver of a payment can use the funds immediately."

Instant payments allow consumers and businesses to send and receive funds from their accounts at banks and credit unions in real-time, any time of day, any day of the year, with immediate funds available to receivers.

© Newshounds News™

Read more:  FederalReserve

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IS FEDNOW A CBDC?

"Is the FedNow Service replacing cash? Is it a central bank digital currency?
No. The FedNow Service is not related to a digital currency. The FedNow Service is a payment service the Federal Reserve is making available for banks and credit unions to transfer funds for their customers."

"Does the Fed have access to my bank account with the FedNow Service?
No. The Federal Reserve and the FedNow Service cannot access individuals' bank accounts or control how they choose to spend their money."

© Newshounds News™

Read more:  FederalReserve

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Newshound's Daily Breakdown Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

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Thank you Dinar Recaps

Seeds of Wisdom RV and Economics Updates Monday Afternoon 7-1-2

Good Evening Dinar Recaps,

"Stripe and Coinbase have partnered to expand the global adoption of cryptocurrency and provide faster, cheaper financial infrastructure."

"This collaboration aims to serve businesses and people around the world, Coinbase said in a Thursday (June 27) blog post."

"With this partnership, Stripe will add USDC on Base to its crypto payouts product, according to the post. This will enable Stripe platforms to make “faster, cheaper” money transfers to more than 150 countries."

"In addition, Stripe will add USDC on Base to its fiat-to-crypto onramp, allowing customers in the U.S. to make faster fiat-to-crypto conversions, the post said."

"In a third key integration that’s part of this collaboration, Coinbase will add Stripe’s fiat-to-crypto onramp to Coinbase Wallet. This integration will enable instant purchase of crypto with credit cards and Apple Pay, per the post."

Read more:  PYMNTS

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Circle Snags First Stablecoin License Under EU's New MiCA Crypto Rules

Circle Mint France will issue the euro-denominated EURC stablecoin and USDC in the European Union in compliance with MiCA.

Circle is claiming bragging rights as the first global stablecoin issuer to comply with MiCA.

Before the rules took effect on June 30, some exchanges delisted euro-denominated stablecoins, such as Tether’s EURT.

Circle became the first global stablecoin issuer to secure an Electronic Money Institution (EMI) license, a prerequisite to offering dollar- and euro-pegged crypto tokens in the European Union (EU) under the Markets in Crypto Assets (MiCA) regulatory framework.

Read more:  CoinDesk

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U.S. Marshals Service Announces Partnership With Coinbase To Manage and Dispose Cryptocurrencies

The US government has announced it is using American crypto exchange Coinbase to custody its digital assets.

The U.S. Marshals Service (USMS), a sub-tier of the Department of Justice (DOJ), has revealed that it is custodying digital assets with Coinbase as part of its program to manage and dispose of large amounts of “Class 1” cryptocurrencies.

“The U.S. Marshals Service (USMS) Department of Justice (DOJ), on behalf of the Asset Forfeiture Division (AFD) has a requirement for managing and disposing of large quantities of popular cryptocurrency assets, known as Class 1 cryptocurrencies. This will require the use of multiple, industry leading, storage and liquidation techniques employed in a manner that is professional, lawful, and consistent with Department and USMS policy.

This contract will also streamline custody, management, and disposal processes for cryptocurrency assets while allowing for the diversification of the type of cryptocurrency assets that can be managed and disposed of under the Government’s forfeiture programs.”

In a blog post, Coinbase says it has a “longstanding history” of working with government agencies.

“Coinbase has a longstanding history of supporting law enforcement agencies, dating back to the founding of our law enforcement program in 2014. Today, Coinbase works with every major U.S. federal, state, and local law enforcement agency, as well as international agencies on every continent.

Read More:  Daily Hodl 

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DE-DOLLARIZATION

Is Saudi Arabia pulling back from the dollar for oil trade? It appears SA is looking to diversify its oil trade.

"American economic dominance is no longer as stark, with its share of world GDP falling from 40% to 25% since 1960. Moreover, US dependence on Saudi oil has slid considerably, given a historic explosion in US domestic production."

"For instance, Saudi Arabia is among potential BRICS candidates, an economic bloc that has become one of the leading voices against the dollar. It's also linked with China to help establish mBridge, a cross-border payments system that uses central bank digital currencies."

Read more:  Markets Business Insider

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WILL CBDC's TURN US INTO A CASHLESS SOCIETY?

"Digital economies require digital currencies."
"Personal, government and business payments shifted away from mainly cash to online and digital payments, embraced FinTech (eg, for financial market transactions, lending, wealth management), with tech companies such as Apple and Alibaba disintermediating banks."

"Retail, wholesale, cross-border and financial payment systems now enable e-commerce and digital finance including digital assets and cryptocurrencies such as Bitcoin and Ethereum. Data suggests there is substantial appetite for cryptocurrencies in the Middle East and North Africa: the region had the sixth largest crypto economy globally, with an estimated $389.8 billion in on-chain value received, in the year ending June 2023 (about 7.2 percent of global transaction volumes)."

"Saudi Arabia reported the highest growth globally in the volume of cryptocurrency transactions during this period."

Read more:  Currency Insider

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Newshound's Daily Breakdown Podcast Link

Newshound's News Telegram Room Link

Q & A Classroom Link  

Follow the Roadmap

Follow the Timeline 

Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

More News, Rumors and Opinions Monday Afternoon 7-1-2024

BRICS: Major U.S. Financial Sector To Be Impacted If the Dollar is Ditched

The main U.S. sector to be affected if BRICS ditches the dollar is the banking and finance sector. Banks across America will be forced to take concrete measures to safeguard the prospects for the U.S. dollar. Moreover, new currency pairs could take center stage in the forex market adding more pressure on the U.S. dollar.

Also, banks lend millions of dollars globally and the amount disbursed could be reduced considerably. Therefore, the U.S. dollar will experience a dent in the supply and demand mechanism and banks will take the first hit due to the BRICS de-dollarization initiatives. U.S. banks are already in crisis with several banks facing closures and bankruptcies since 2020.

If the banking sector takes the first hit, the next dent will inadvertently be the financial sector in the U.S. The financial sector is broad and involves consumer goods and retail, technology, and fintech, among various others. Even inflation could hit the U.S. homeland making the prices of everyday essentials peak. BRICS ditching the dollar for global trade and transactions will begin to have adverse effects on the U.S. economy and day-to-day life in America will be impacted.

Source: Watcher Guru

https://dinarchronicles.com/2024/06/29/brics-ditching-the-dollar-will-affect-a-major-us-sector/

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

Frank26  A few people were saying, 'boy the news out of Iraq is really slow.'   It's not slow.  The calm before the storm...that phrase fits perfect right now...It's not slow, it's simply very silent because that's the phase we're in right now.  The phase we're in right now...to announce the new exchange rate, they are being mum.  They are being mum about the budget right now...

Mnt Goat  I...asked [my CBI contact] how the rate of the dinar would be determined in the future...I was...told that “you know and I know that the rate of the dinar is now being artificially suppressed”...I was told that Iraq is in a much better situation now prior to the 1990 embargo and so why not have an international rate again with at least a rate equivalent to the late 1980’s prior to the invasion...

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TNT:

Tishwash:  IBBC conference in London marks milestone for Kurdistan Region

"One of the significant outcomes expected from this annual event is the establishment of a branch of the University of London in Erbil, slated to open next academic year as the largest in the Middle East."

The 12th Iraq Britain Business Council (IBBC) conference in London is set to open with the participation of Kurdistan Regional Government (KRG) officials, aiming to bolster economic ties between Iraq and the United Kingdom.

Bargasht Akrayi, spokesperson for the KRG Investment Board, announced from London, "The Chairman of the Kurdistan Board of Investment will attend the IBBC conference to deliver a speech on behalf of the Kurdistan Regional Government. This conference, held biannually in Erbil, London, and Baghdad, aims to enhance trade and economic relations between the two countries."

"In addition to KRG officials, the conference will feature representatives from the Iraqi government, employers, businessmen, investors, and delegates from British and international companies, all focusing on fostering deeper ties," Akrayi emphasized.

"One of the significant outcomes expected from this annual event is the establishment of a branch of the University of London in Erbil, slated to open next academic year as the largest in the Middle East."

The IBBC conference continues to serve as a pivotal platform for advancing economic cooperation and investment opportunities between Iraq and the United Kingdom, with a special focus on the Kurdistan Region's development initiatives and strategic economic sectors. link

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ANNOUNCEMENT Strategy of CBI 2024 to 2026

Edu Matrix:  7-1-2024

https://www.youtube.com/watch?v=6Rs375C2Rtc

ECONOMIC COLLAPSE CONTINUES TO WORSEN, FASTER! (EXPECT STOCK MARKETS TO GO HIGHER).

Greg Mannarino:  7-1-2024

https://www.youtube.com/watch?v=WgFrMC15vkw

Thoughts From DJ: “Tier One Asset-Backed Currency” 6-30-2024

DJ: DID YOU KNOW?

What is the reality of transitioning all global currencies to tier one asset-backed status? The endeavor will require a multifaceted approach, addressing economic stability, resource availability, and international cooperation.

The core of this transformation will lie in the availability of raw materials to serve as the foundational assets, ensuring the backing is both credible and sustainable. The off-ledger gold hoards represented in the historical bonds is a good start but for the concept to be sustainable future extraction of raw materials will be needed.

For any currency to achieve tier one status, it must inspire confidence among global investors and stakeholders. Historically, gold has served as the standard for asset-backed currencies due to its intrinsic value and universal acceptance.

However, gold alone cannot support the entire global economy. Diversifying the assets backing these currencies will be essential. This includes other precious metals like silver and platinum, industrial metals such as copper and lithium, and even commodities like oil and agricultural products.

The critical challenge in this transition is the availability and equitable distribution of these raw materials. Gold reserves, while substantial, are limited and unevenly distributed across nations. To ensure a fair and effective asset-backed system, the financial community must identify and agree upon a diversified basket of assets. This diversification mitigates the risk of any single asset’s volatility impacting the global economy.

Key commodities such as lithium, essential for the blossoming electric vehicle market, and copper, crucial for electrical infrastructure, are likely candidates. However, their extraction and production, as with other possible minerals, could pose environmental and geopolitical challenges.

Sustainable mining practices and international agreements on resource sharing is a key function in ensuring these assets can reliably back currencies without exacerbating environmental degradation or geopolitical tensions.

Achieving a universally accepted asset-backed currency system necessitates massive international cooperation. Establishing a global governance framework to oversee and regulate the asset-backing process will be crucial. This body would have to be responsible for setting standards, monitoring compliance, and arbitrating disputes.

 Such an organization could be modeled after existing institutions like the International Monetary Fund (IMF) or the World Bank but with a more focused mandate on asset-backed currencies.

Advancements in blockchain and digital ledger technologies (DLT’s) offer solutions for transparency and traceability. These technologies would ensure that the backing assets are verifiable and secure, reducing the risk of fraud and enhancing trust in the system. Implementing a blockchain-based tracking system for assets could provide real-time data on reserves, ensuring that all participating nations adhere to agreed-upon standards.

Transitioning to an asset-backed currency system also requires addressing environmental and social impacts. Sustainable practices in resource extraction and production must be prioritized to avoid ecological damage. Equitable resource distribution and fair labor practices to prevent exploitation and ensure that all countries benefit from this new financial paradigm will have to find a mandatory status.

The global financial community and governments will have to willingly collaborate, to create a resilient and trustworthy asset-backed currency system that can underpin the future of global commerce. This redefines the term “herding cats”. To get all these various egos and governance types singing off the same sheet of music, it better be one seriously sweet song.

DJ

https://www.rumormillnews.com/cgi-bin/forum.cgi?read=242703

News, Rumors and Opinions Monday AM 7-1-2024

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 Excerpt from the Restored Republic via a GCR: Update as of Mon. 1 July 2024

Compiled Mon. 1 July 2024 12:01 am EST by Judy Byington

Mon. 24 June 2024 Summary of Mr. Salvage Meetings and Conference Call from Brazil:

Everything is very advanced, thanks to a lot of work that was done last week, which was huge. Everything is moving very quickly to release the blocks on all procedures for the start of 4B notifications, remembering that American institutions have already made notifications for the first group, which is group 4A and a small group of 4B, not reaching 10%.

Everything is happening at the same time in this giant operation, part of the Operation Storm, we observe that a huge turmoil is already happening on the planet, one of these events and many that we talked about are also yet to happen, which is this big Internet Blackout.

The Alliance is working very well. The White Hats are in control, the agony of the forces that oppresses the world is being completely revealed, everything is becoming clear. With each passing day more truths are coming to light so you can understand how hard and well they have been working.

The launch of the RV was slowed down due to many hacker attacks. As always, it is a process that requires absurd logistics and this launch of the Global Currency Reset is a military operation, we cannot forget that. It’s not simply being called and dealing with paperwork is not that simple, these logistics are military and that means no one knows what is happening and what will happen because all of this is very secret.

Many people are desperate thinking it won’t happen but it will, trust the plan, so we have to reassure ourselves. We are observing gigantic chaos but this reset will happen.

The United States is under pressure to deliver the Tier 4B launch, according to the information we have and this information is exclusively military.

The RV is being negotiated on the Forex.

The release of funds also comes directly from the United States Treasury’s Department of Defense Operations. This means that the funds will go into global operation and this is a huge job.

We have also been told that Bond Holders will be given access to their funds, as many have already been notified in the United States.

Nothing has been released yet but everything is ready. The logistics are military and this has to come from the United States, as they were the precursor of this entire movement for liberation and redemption.

Processes are being strangled in every way with cyber attacks.

We need them to issue these notifications of the second part of levels 4B soon. We are in a chronogram at the moment. The OK for release has already been given on a Global scale. It’s a very smart plan. It’s something that will surprise us.

Wells Fargo and HSBC are leading these operations of all these processes in the World.

There are local institutions in other countries that are already connected and are already ready for Global notifications and with access to all Treasury Departments in different countries around the World.

All these banks have signed confidentiality agreements (NDA) so it is normal for everything to be silent.

This week (of Mon. 24 June 2024) we hope to have a lot of news because since last week, work has been very busy with good prospects. This week we believe that the information will improve even more. Stay strong because we are reaching the finish line.

Nesara/Gesara is taking place in the United States, and it is a very important step for humanity.

Wells Fargo and HSBC are already financing the first layer that exists between 4 and 4B. 4B is the completion of 4A and 4A is already defined, so notifications from 4B begin an information process for Pay Masters, so level 4B is already receiving account movement.

All Zim funds will be placed into QFS accounts.

Digital backed gold is also implemented in these systems.

1% of the funds will be released when they start paying.

This week we will certainly have a lot of information about GCRV.

One thing is certain, the work has been very hard and we have no doubt about what is happening.

There was an interruption at the beginning of the month but the RV movement is progressing substantially and constantly. There is the turmoil of attacks but it is happening, the movements are being authorized with certainty. It needs adjustments related to the communication of systems that have already been made and it is all very intense but it is happening.

In the Global Project, in the notifications, we cannot forget the German titles that are in the queue, followed by the Zim and the English titles. 

TR confirmed that they have been notified that they will be paid as soon as possible and this week promises a lot.

They started the negotiations with Forex so this week (of Mon. 24 June 2024) we will have a lot of information for you. Have a great week.

Sun. 30 June 2024 Mike Bara: The “Bond Holder” has been told he will be paid this week. I was told what day, but cannot share it. MarkZ reported that an announcement about lower denominations has been made in Iraq.

Sun. 30 June 2024 Wolverine: I have seen a certified announcement of the release of the Global Currency Reset. It has been released. Presently the private contractors are getting paid. This week the Bond Holders will get paid. I’m not sure about the Tier4b Group (Us, the Internet Group).

Sun. 30 June 2024: Look for something to happen around July 8th in regards to the NESARA announcement to tie in with November 5th, allowing for the 120 days.

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Global Financial Crisis:

Sun. 30 June 2024 Banks Put on Alert for Cyber Attacks: https://timesofindia.indiatimes.com/business/india-business/banks-put-on-alert-rbi-warns-banks-of-credible-threat-intelligence-regarding-cyberattacks/articleshow/111375796.cms

Sun. 30 June 2024 India: Major Changes in Bank Accounts and Credit Card Billing Rules Starting July 1, 2024: https://delhibreakings.com/major-changes-in-bank-accounts-and-credit-card-billing-rules-starting-july-1-2024/

U.S. Department of the Treasury, IRS Release Final Regulations Implementing Bipartisan Tax Reporting Requirements for Sales and Exchanges of Digital Assets. The final regulations announced today will require brokers to report gross proceeds on the sale of digital assets beginning in 2026 for all sales in 2025. Brokers will be required to also report information on the tax basis for certain digital assets beginning in 2027 for sales in 2026. https://home.treasury.gov/news/press-releases/jy2438

Read full post here: https://dinarchronicles.com/2024/07/01/restored-republic-via-a-gcr-update-as-of-july-1-2024/

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

Walkingstick  [Iraqi bank friend Aki update] AKI:  It's about time.  WAlKINGSTICK:  What he's telling us is it's about time to release the budget and the new exchange rate with the lower notes.  That's what he meant.

Frank26  The ATM machines are like piñatas.  They're ready to burst wide open and give everybody their sweet blessings.  No doubt.

Suzie  WTO Article:  "FORMAL WORKING PARTY MEETINGS 2024 18 July 2024 - THU 18 JUL  10:00 Working Party on the Accession of Iraq"   This is good news for Iraq on their accession to the WTO. Hopefully they will have or shown us by that time a new rate for the dinar.  While international trade and economics are the important criteria for membership, having an international tradable currency is not a "cast in stone" issue but I certainly would think Iraq WOULD want that for credibility purposes if nothing else...

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BRICS NEXT WIN: Russia's Initiative to Create Commodities Exchange Threatens Western Influence

Lena Petrova:  6-30-2024

https://www.youtube.com/watch?v=Oan6U7Zn6LA

6 Banks Are Now At Risk of Collapse

Atlantis Report:  6-30-2024

The banking sector is facing a significant threat as economic conditions worsen, and there are mounting concerns about the stability of six banks.

 As the global economy approaches a possible recession, lending standards are becoming stricter, creating a shaky situation for financial institutions.

The possibility of insolvency is causing widespread concern among investors, depositors, and the public. 6 Banks Are Now At Risk of Collapse.

https://www.youtube.com/watch?v=ElayR7A1Gm8

“Tidbits From TNT” Monday Morning 7-1-2024

TNT:

Tishwash:  Postponement of pensioner salaries distribution until tomorrow due to bank holiday

An informed source expected that the distribution of retirees' salaries would be postponed until tomorrow, Tuesday, due to the date of their distribution coinciding with the holiday of all banks today, Monday, due to the implementation of the semi-annual inventory.

The source explained to Shafaq News Agency that all banks in Iraq are closed today to conduct semi-annual inventory and financial systems operations, which affects the process of distributing salaries. 

The source pointed out that the Ministry of Finance and the retirement departments are working to expedite the necessary procedures to ensure that salaries are paid as soon as possible after the end of the bank holiday.

It is noteworthy that the semi-annual inventory process carried out by banks includes reviewing accounts and ensuring conformity of financial records, which is a periodic procedure carried out in order to maintain the accuracy of financial and banking operations. link

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Al-Sudani: The world has realized the importance of Iraq's stability for international and regional security

Prime Minister Muhammad Shiaa Al-Sudani confirmed that the world realized the importance of Iraq’s stability for international and regional security, during his reception of the delegation of the European Foundation for Dialogue and Development.

During the meeting, according to a statement received by {Al-Furat News}, Al-Sudani reiterated “the importance of the cultural and social diversity enjoyed by the Iraqi people, which represents a social wealth that supports communication between fraternal factions, and consolidates unity of ranks against extremism, which represents an ideology alien to our people and its history.” ".

Rais stressed the government's "continuous support for this diversity, and the strengthening of places of worship for all religions and sects and freedom of practices in them, and throughout Iraq, which is full of mosques, Islamic mosques, Christian churches, Sabian-Mandaean and Yazidi temples, and the rest of the components of the Iraqi spectrum."

Al-Sudani mentioned, “The attempt of terrorism to dismantle this heritage and historical fabric, and the victory of the Iraqis and their overcoming that ordeal, and the recovery that Iraq is now going through in various fields, just as the world has realized the importance of Iraq’s stability for international and regional security, and what the government has followed in its program strengthening the principle of government of services and community care.”

“And setting priorities in public service, economic reform, combating corruption, and fighting poverty and unemployment, to enhance the value of citizenship.”

Al-Sudani also explained to the European Foundation delegation “the nature of the constructive relations that the government has adopted with the countries of the world, and the prospects for fruitful partnerships with the countries of the European Union and the agreements and memoranda of understanding that have been signed, or with neighboring countries and regional countries, through adopting the principle of mutual interests, which is one of the results of the stability of the Iraqi experience, despite the problems it faced that the Iraqis overcame through democratic construction and consolidation of constitutional institutions of government, in the best way among the forms of democracies existing in the region.”  

The Prime Minister addressed "the events in Gaza and the continued brutal aggression against our Palestinian people, stressing Iraq's firm and principled position, and stating that the government is working with the countries of the region to prevent the expansion of the conflict arena, in addition to continuing to send relief and humanitarian aid."

For its part, “the delegation of the European Foundation expressed its appreciation for the warm reception, and praised the tangible state of stability in Iraq, through the tours it made in the capital, Baghdad, and its briefing on various development projects, stressing the necessity of conveying this image away from attempts to mislead.”  link

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Tishwash: This is in Iraqi news

Japan.. New banknotes using "3D" images

Japan is set to issue new banknotes that will use, for the first time in the world, advanced holograms, as an anti-counterfeiting measure.

The Japanese Kyodo News Agency said that this change is the first in the design of Japanese currency in 20 years, explaining that the size of the printing of the face value numbers on the new 10,000-yen, 5,000-yen and 1,000-yen banknotes will be larger than on the current issues, so that all people can easily recognize them, while the tactile marks will make it easier for the visually impaired to know their value.

The process of printing currencies using the new technology is scheduled to begin next Wednesday.

By the end of March next year, approximately 7.5 billion new banknotes will be printed.

Kyodo quoted the government as confirming that the current banknotes will remain valid even after the new banknotes are introduced  link 

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Mot: .. and then just Like That --- Pooooof!!!!

Mot: Extra Hungry

More News, Rumors and Opinions Sunday PM 6-30-2024

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 Sun. 30 June 2024

Compiled Sun. 30 June 2024 12:01 am EST by Judy Byington

Global Currency Reset: (Rumors and Opinions)

Sat. 29 June 2024 Wolverine: “The news has been overwhelming coming from so many sources. Some say it’s starting tonight. Some say it’s already started. They’re getting ready in Iraq for the RV tomorrow (Sun. 30 June 2024). …The latest is that you should get ready. It’s really coming.

The G-20 (an intergovernmental forum comprising 19 sovereign countries) gave the release and emails for the Internet Group will be coming out sometime between Mon. 1 July and Fri. 5 July. …Some Bond People have already been paid. They aren’t answering my calls because they are under NDAs.

Be responsible with your money. Use it wisely. You will be an NDA and you cannot talk about the RV. If you talk about it you will get your money frozen and you won’t get it. I’ll be going silent for about three months. Get ready for tomorrow (Sun. 30 June 2024) for the biggest celebration you have ever had because that’s when the RV is coming out – about mid day in Iraq. This is not a false alert because it is really coming. I can’t wait because all that hate I have been hit by will go away. God Bless you. I love you. Welcome to the new World. Bye Bye.”

~~~~~~~~~~

Sat. 29 June 2024 Mr Salvage BREAKING NEWS FROM BRAZIL:

• Levels 4A and 4B are ready to receive notifications.

• The United States is under pressure to release NESARA.

• Wells Fargo and HSBC are on high alert

• All transactions are under military supervision.

• All payers are ready and funded

• All notifications will be released globally.

• All funds will be distributed globally

• The RUMOR is that they expect this to happen during the week.

Sat. 29 June 2024 Banker:  “I have nothing to confirm the hour we will be notified about appointments to exchange or the dollar value of same, I do know the banker has had his staff on a one hour call to report to their assigned locations once the release has become authorized for the past three days, and that the rate in country was published in the Gazette today Sat. 29 June 2024.  So folks we are extremely close. GOD Bless.”

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Judy Note: From the information contained herein it’s assumed that matters regarding the Global Currency Reset and changeover to Sovereign Republics of nations of the World were imminent:

Everything has been completed for NESARA/GESARA payouts including GESARA being announced through certain media, making it legal.

All debts of various nations including the US, have been settled using GESARA funds collected from the Cabal. GESARA has begun paying out in several countries, with the US payouts to citizens scheduled.

Payouts for the Global Currency Reset has been authorized, scheduled and reported.

Word was that right now some Tier 3 Zim Holders were in Reno meeting with their Wealth Managers and proceeding with the redemption process. The Pentecostal Group has already started to pay out their Group One.

On Thurs. 27 June the new Iraqi Dinar rate was available to citizens of Iraq through their debit cards and ATMs.

Very soon Tier4b was expected to begin exchanges in China, the process going across Asia and into Europe and then to the US.

The Pentecostal group will begin to pay out their Group Two on Thurs. 4 July – the same day the US will be celebrating Independence Day with major announcements expected.

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Global Financial Crisis:

The new USA Treasury Dollar, backed by RWA (Real World Asset), is coming. The Financial Accounting Manual for Federal Reserve Banks states that the Treasury Secretary can instruct the Fed to revalue the Gold on the U.S. government’s balance sheet. It will likely be revalued to over $20,000 per oz. Boom. It’s coming. https://rebrand.ly/USDEBTCLOCK_GoldAssets

Read full post here:  https://dinarchronicles.com/2024/06/30/restored-republic-via-a-gcr-update-as-of-june-30-2024/

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

Walkingstick  The ATM machines, they're all poised like centurions that are standing there.  These ATMs are guarding the lower notes.  It's time for all of this to come out now.  It's just the budget we are waiting for.  We're not waiting for any laws, we're not waiting for any new procedures.

Frank26   [Iraq boots-on-the-ground report]  FIREFLY:
We are now hearing from our news on Channel One that Iraq has been fully accepted into the WTO.  This is going to be official...July the 18th.  FRANK:  To join the WTO Iraq does not need a currency with value.  No, that's not the point.  Iraq needs a currency that has no restrictions, no handcuffs, no limitations in order for it to float on an international market...whatever the case this is very good.

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URGENT INFO for Iraqi Dinar Investors; Major Issues Affecting Future Rate

Edu Matrix:  6-30-2024

URGENT INFO for Iraqi Dinar Investors; Major Issues Affecting Future Rate 2024 Budget; Government Jobs; World Bank; Exchange Rates; Currency News; Iraq: Iraqi Dinar, Vietnam Dong, ZiG Currency, Haiti's Currency, Gold, and BRICS Currency Plans.

https://www.youtube.com/watch?v=ImeCKMZ0ErU

New Plan May Eliminate Property Taxes in Some States

Sachs Realty:  6-30-2024

Professor of Applied Economics at Johns Hopkins and Former Economic Advisor to President Ronald Reagan, Steve Hanke talks about rising property taxes.

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

Seeds of Wisdom RV And Economics Updates Sunday Afternoon 6-30-24

Seeds of Wisdom RV And Economics Updates Sunday Afternoon 6-30-24

Good Evening Dinar Recaps,

XRP News Today: Did the Binance Ruling Sink SEC Plans to Appeal?

XRP gained 0.28% on Saturday, June 29, closing the session at $0.4722.

SEC vs. crypto case-related news drove buyer demand for XRP.

On Sunday, investors should consider the possible influence of the latest court ruling on ongoing SEC vs. crypto cases.

Ripple Chief Legal Officer Stuart Alderoty shared the news of the court ruling, saying:

“For all the SEC has done to muddy the waters with its inconsistent legal theories, the Courts are seeing right through them. The Binance decision last night is long but absolutely worth a read.”

Read more:  FX Empire

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Ripple vs SEC Case As of June 30, 2024: Torres’s Verdict On XRP Stands

The legal landscape surrounding cryptocurrencies in the U.S., especially XRP, is gaining much-needed clarity. Two recent court decisions have significantly impacted the ongoing lawsuit between the U.S. Securities and Exchange Commission (SEC) and Ripple and broader industry regulations.

In a significant victory for the crypto industry, District Judge Amy Berman Jackson has bolstered the legal precedent set by Judge Analisa Torres in the SEC vs. Ripple case. Judge Jackson’s decision in the Binance vs. SEC case centered on the classification of Binance’s BNB token.

The SEC argues that secondary sales of BNB by users on crypto exchanges constituted unregistered securities offerings. However, Judge Jackson disagreed,  dismissing the SEC’s claim.

This ruling, shared on X by Fox Business journalist Eleanor Terrett, aligns with Judge Torres’ previous decision in the Ripple case.

Read more:  Times Tabloid 

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XRP Secondary Sales Deemed Non-Securities, Judge Torres’ Doctrine Stands

Judge Jackson’s ruling that XRP secondary sales aren’t securities boosts Ripple and sets a crucial precedent for the entire crypto industry.

Judge Jackson and Torres’ aligned decisions clarify that crypto assets traded by individuals on exchanges do not qualify as securities.

XRP price jumped over 1% after the ruling, aiming to regain $0.50, with increased interest from derivatives traders on OKX and BitMEX.

Judge Amy Berman Jackson has upheld Judge Torres’ doctrine, asserting that XRP’s secondary sales are not securities. This ruling came during the Binance vs. SEC case, where the SEC’s claim regarding secondary sales of Binance’s BNB was dismissed. To that end, the ruling by Judge Jackson, in concurrence with that of Judge Torres on the sale of XRP, sets an example in the crypto industry.

Read more:  Crypto News Land

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Pro-XRP Lawyer Sees Binance Ruling as Boost for XRP Non-Security Status

Attorney Bill Morgan says Binance case ruling boosts XRP’s non-security status.

Judge Jackson cited Judge Torres’ Ripple case decision when dismissing parts of the SEC’s case against Binance.

Morgan highlights that the ruling aligns with Judge Torres’ interpretation of the Howey test.

Read more:  Coin Edition

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XRP Lawsuit: Ripple Notches Massive Wins as CEO Brad Garlinghouse Clarifies XRP’s Security Status

Ripple Labs CEO Brad Garlinghouse has taken swipes at news outlets over inaccurate reporting of a court decision involving XRP and the US Securities and Exchange Commission (SEC).

The fiasco began following a ruling by Judge Phyllis Hamilton of the US District Court for the Northern District of California, which threw out a class action suit against the issuers of the XRP token. While considered a massive win for Ripple Labs, the judge allowed an individual state law claim to proceed to trial based on alleged “misleading statements” made by Garlinghouse in 2017.

As XRP’s community celebrated the dismissal of securities law violation, CoinDesk and a raft of crypto news outlets reported that Hamilton’s decision could imply that XRP may be a security. The reporting triggered a stir in the ecosystem as XRP enthusiasts believe the question of the asset being a security was finalized in a 2023 decision by District Judge Analisa Torres in New York’s Southern District.

CoinDesk described the ruling as a “fly in the ointment,” but the report elicited fierce kickbacks from XRP’s community, with Garlinghouse leading the charge. According to Garlinghouse on X (formerly Twitter), Garlinghouse described the report as “embarrassing,” noting that Hamilton did not expressly term XRP as a security.

Read more:  ZyCrypto

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The Latest RV And Economics Updates from the Seeds of Wisdom Sunday AM 6-30-24

The Latest RV And Economics Updates from the Seeds of Wisdom Sunday AM 6-30-24

Good Morning Dinar Recaps,

Iraqi Dinar: IBBC ISSUES MAJOR NEW PAPER ON DE-DOLLARISATION OF IRAQ 

Professor Frank Gunter publishes a new paper commissioned as part of a series by IBBC's advisory council on the challenges of de-dollarisation for Iraq.

The Advisory Council members and IBBC members have actively contributed to the paper in the past 4 months. It will be presented online on the 18th June in a webinar and in person at the Spring Conference on 2nd July. The Arabic translation will be published soon.

Previous advisory papers include 2020, 'Iraq 2020: Country at the Crossroads', 'Corruption Worse Than ISIS: Causes and Cures Cures for Iraqi Corruption', 'Seaports and Airports of Iraq: Rules Versus Infrastructure' and 'Privatization of State-Owned Enterprises'.

Professor Gunter provides an analysis of the drivers of impact on the dinar exchange rate and examines how best to deal with the parallel market of dinars to dollars. He outlines the practical policy initiatives that should reduce the gap between the official and parallel exchange rates in the medium-term.

In particular he lauds the Government of Iraq on its commitment to tackle corruption and to modernise the banking system in one fell swoop but warns of the pressure on the dinar exchange rate as budgets are overstretched and the new banking recipients (state banks) receive the liquidity to enable the economy to perform.

He writes 'All three of these forces - the anti-corruption effort, the banking liberalization, and the lavish 2023-2025 budget - will create challenges for the management of the dinar exchange rate. One could argue that over the last two decades the Government of Iraq (GoI) had little control over its exchange rate; that exchange rate policy was determined by other sectors of the political economy in Iraq.

But even if this is true, the level of the exchange rate and changes in that level are believed by many Iraqis and foreigners as providing valuable insight into the quality of economic management in Iraq.

This importance is exemplified by the current efforts to de-dollarize the Iraqi economy while there is excess demand for dollars. This excess demand is shown by a parallel exchange rate of roughly 1500 dinars per dollar compared to the official exchange rate of 1310 dinars per dollar.

An important cause of this exchange rate gap is that the GoI, with the strong encouragement of the U.S. Federal Reserve, is attempting to reduce the use of the U.S. dollar in both Iraq's internal economy and its external transactions. Since 2003, the U.S. dollar has facilitated economic growth in Iraq by providing a widely accepted medium of exchange for purchases as well as a reliable store of value for savings. In the long run, whether de-dollarization will have a significant adverse impact on the Iraq economy will depend on how rapidly the GoI can increase both the efficiency of alternative mediums of exchange and the perceived security of alternative stores of value.'

© Newshounds News™

Source:  Iraq Business News

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To Boost Foreign Investments, Iraq signs Singapore Convention

From the UN Development Programme (UNDP). Any opinions expressed are those of the author(s), and do not necessarily reflect the views of Iraq Business News.

In a landmark move to attract foreign investors to Iraq, the country celebrated its signing of the United Nations Convention on International Settlement Agreements Resulting from Mediation ("Singapore Convention").

Under the patronage of H.E. Prime Minister Mohammed Shia Al-Sudani, the United Nations Development Programme (UNDP) and the National Investment Commission (NIC) of Iraq hosted a high-profile conference on mediation today [Wednesday 26th June, 2o24].

Creating an environment for global investors

Kick-starting the conference on behalf of H.E. the Prime Minister Mohammed Shia` Al-Sudani, the Advisor to the Prime Minister, Nasser Saleh Abdulnabi Al-Asadi reiterated the government's unwavering focus on foreign investment.

"We are steadfast in our progressive reforms, striving to transform Iraq into an inviting and secure investment destination. Iraq's accession to the Singapore Convention is a significant milestone, fortifying our efforts to build a robust business sector. We will persist in our endeavours to bolster investment, combat corruption, and generate employment opportunities for our youth," he said.

On April 17, 2024, Iraq took a significant step by signing the Singapore Convention, as the Convention eases enforcement of mediated settlement agreements, paving the way for enhanced international trade and commerce between countries.

"Iraq is ready to strengthen its collaboration with countries across the globe to foster investment as well as diversify and increase its trade, and the Convention is an important tool for us to operationalize this," ` said Dr. Hayder Makiya [Makiyya], Chairman of the National Investment Commission.

Iraq enters its new chapter

The conference, generously backed by the European Union, was joined by the European Union Ambassador to Iraq, Thomas Seiler.

"We are working hand in hand with the government and UNDP to support the government's ambition to make Iraq a secure and attractive destination for foreign investments, including from the 27 EU Member States. Effective mediation opens a new door for Iraq's international trade and business."

Through its Anti-Corruption and Commercial Dispute Resolution Initiatives funded by the European Union, UNDP has also been working with Iraqi universities to build the capacities of law students in commercial dispute resolution, including mediation.

"With the signing of the Singapore Convention, Iraq is committed to transforming the landscape of commercial cross-border dispute resolution which will significantly impact businesses engaged in international trade and commerce. We will continue supporting the Government in legislation and building the necessary institutional and human capacity to make mediation work." said Auke Lootsma, Resident Representative of UNDP.

The hope is that Iraq's signing of the Singapore Convention is the foundational beginning the country needs in order to attract and instill confidence in investors who wish to do business there - creating a climate that is conducive and safe for foreign investment.

About the Singapore Convention

The Singapore Convention is a multilateral treaty that provides a uniform and efficient framework for the enforcement of international settlement agreements resulting from mediation. It applies to agreements concluded by parties to resolve commercial disputes and facilitates international trade by enabling easy cross-border enforcement of these settlements. As of 11 June 2024, the Convention has 57 signatories and 14 parties. Iraq is the most recent signatory of the convention.

About UNDP's Commercial Dispute Resolution Initiative

To create an inclusive ecosystem for investors and boost foreign investment, UNDP has been strengthening commercial dispute resolution legislation and practices in Iraq. In addition to the support for mediation, the initiative includes technical support for drafting new law on arbitration in compliance with the UNCITRAL Model Law on International Commercial Arbitration and international best practices. By facilitating consultations, workshops, and discussions with a broad range of stakeholders, UNDP aims to enhance capacity building and mainstream efficient commercial dispute resolution practices across the country.

© Newshounds News™

Source:  Iraq Business News

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DRAGON BOND: What it Means, How it Works

What Is a Dragon Bond?

A dragon bond is a long-term debt security issued by firms operating in Asian nations (excluding Japan), but denominated in foreign, stable currencies, such as the U.S. dollar (USD) or the Japanese yen (JPY).

Dragon bonds are Asian corporate bonds, ex-Japan, but denominated in a foreign currency.

Dragon bonds are denominated in currencies deemed to be more stable than the home currency to help mitigate the foreign exchange risk.

Dragon bonds, introduced by the Asian Development Bank (ADB) in 1991, are analogous to eurobonds issued by European corporations in foreign currencies.

Understanding Dragon Bonds

A dragon bond is a fixed-income security denominated in currencies deemed more stable than the home currency; it is seen as more attractive to foreign investors as a result. The rationale for structuring them to be as appealing as possible to investors outside of Asia is because they mitigate the foreign exchange risk that can impact returns as currency values fluctuate. Dragon bonds are similar to eurobonds in that they are denominated in foreign currencies that are liquid and stable, but in the Asian context instead of Europe.

Dragon bonds were first introduced in 1991 by the Asian Development Bank (ADB). Because of the foreign denomination, these can be more complex than other bonds because of international differences in taxation, regulatory compliance issues facing firms that issue them, plus limited liquidity in trading them in secondary markets.

Dragon Bonds and Currency Risk

Dragon bonds were created to broaden the market for fixed-income securities in Asia and develop more active Asian financial markets. Although Asian companies had issued bonds in local currencies, they appealed mostly to domestic investors limiting access to capital. Foreign investors were often reluctant to buy bonds dominated in currencies that could fluctuate rapidly. Currencies such as the U.S. dollar and Japanese yen were considered stable enough for accumulating assets.

For example, an Indonesian company might issue a 20-year bond denominated in Indonesian rupiah (IDR), with a coupon rate of 4-percent paid annually. If the U.S. dollar-Indonesian rupiah (USD/IDR) were 10,000 rupiahs per one U.S. dollar, then a 100-million rupiah bond would be the equivalent of $10,000. Each interest payment of 4 million rupiah would represent $400 at the time the bond is issued.

To an Indonesian investor, an investment of 100 million rupiah would pay 4 million rupiah per year with return of principal after 20 years. But for an investor buying such a bond with U.S. dollars, an unfavorable movement between the relative value of the two currencies could create extra risk.

If in the next year the exchange rate shifted from 10,000 IDR/1 USD to 11,000 IDR/1 USD, then the first coupon payment of 4 million rupiah would only be worth only about $364 instead of $400 as anticipated when the bond was first issued. The bond's 100-million rupiah face value would be worth about $9,091. And if the prevailing interest rate moves up, the value of the bond would be even lower.

However, a dragon bond denominated in USD, while still subject to interest rate risk, would not be subject to currency risk. The regional economy has changed significantly in the years since the introduction of dragon bonds in 1991, including the 1997 Asian financial crisis, and the growth of the Chinese economy. However, dragon bonds continue to help Asian markets attract more foreign investment.

© Newshounds News™

Read more:  Investopedia

~~~~~~~~~

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“Tidbits From TNT” Sunday Morning 6-30-2024

TNT:

Tishwash:  In the presence of Al-Sudani...the launch of the central celebration of the National Day of the Iraqi Press

The activities of the central ceremony held by the Iraqi Journalists Syndicate on the occasion of the National Day of the Iraqi Press were launched at the Al-Rashid Hotel in Baghdad this morning, under the slogan (Iraqi journalists give freedom and inspiration to build)

In the presence of Prime Minister Muhammad Shiaa Al-Sudani, Acting Speaker of the House of Representatives Mohsen Al-Mandalawi, and the Head of the Journalists Syndicate.Iraqis, President of the Union of Arab Journalists, Muayyad Al-Lami, and a number of ministers, leaders, officials, ambassadors, and Arab and foreign delegations.  ink

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Tishwash:  Next month...the salaries of retired workers will increase

The Ministry of Labor and Social Affairs will begin increasing the salaries of retired workers next July.

The Ministry's official spokesman, Najm Al-Uqabi, said in a statement received by Al-Maalouma, “The Ministry will begin implementing the increase in the salaries of retired workers starting in July, indicating that it will be in the amount of 150 thousand dinars distributed according to a retirement formula."

He pointed out that “the maximum limit for the worker’s pension will be 700 thousand dinars according to a retirement formula.” The one who receives the minimum amount of 350 thousand will have a salary of 500 thousand after adding the increase, and so on.”  link

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Tishwash:  Will the state adopt the provision of sovereign guarantees to finance private industrial projects?

The financial and economic advisor to the Prime Minister, Mazhar Muhammad Saleh, explained today, Friday, that the state has adopted a policy of providing sovereign guarantees for loans obtained by the private sector to finance an important package of private industrial projects.

Saleh told Al Furat News Agency: “There is a fundamental link in financing and implementation adopted by the government program and general policy in development, and its basics are summarized in the high implementation of the listed and ongoing government investment projects that faced procrastination and halting for many years.” 

He added, "The current investment program is based on completing the implementation of investment projects without interruption and in accordance with the financial resources allocated to them included in the Federal General Budget Law, while ensuring the sustainability of the funding sources necessary for the continuation of implementation, especially in the field of high-service infrastructure such as projects to develop electricity, drinking water, roads, sewers, etc., with priority that touches the lives of citizens."

 He pointed out: "Based on the above, the increase in revenues is one of the important financing levers in overcoming the problems that were facing government projects, which are called (slowed), and which have now entered into implementation and completion, in accordance with the approved policy (No more slowed projects)." 

 He expressed: "Therefore, there is a clear correlation between the capacity to implement urban projects in the country and the growth of public revenue sources (whether oil or non-oil) and harnessing their high financial flows to serve the requirements of economic development in our country in a way that maximizes the gross domestic product and provides high and sustainable employment sources at the same time.

The private sector assumes an important responsibility in implementation as it is the effective strategic partner in developing the Iraqi economy and advancing its infrastructure and various production activities."

 Saleh noted that "the state has adopted a policy of providing sovereign guarantees for loans obtained by the private sector to finance an important package of civil industrial projects, most notably projects to produce industrial and construction outputs related to the advancement of reconstruction, housing and infrastructure, with sovereign guarantees for the private sector amounting to 85% of the value of private activity, specifically industrial activity."    link

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Tishwash:  Economist reveals the main factors that influenced the implementation of the Maronites

 Former Director of the Financial Supervision Bureau, Salah Nouri, revealed today, Friday, the basic factors that influenced the implementation of the budget approval.

Nouri told Al Furat News Agency: “The main factors affecting the proper implementation of the Maronites are: 

_Approval of the budget early, at least in the third month of the fiscal year 

_Accuracy of financial allocations according to the priorities of the government program 

-The speed of cash financing for public spending units. This concerns the duties of the Ministries of Finance and Planning, the Council of Ministers, and the Representatives

As for the executive departments, Salah added, “Transparency, integrity and quality in the use and spending of funds according to the approved financial allocations.” 

He stated, “The efficiency of the executive human resources in the public spending units, based on the basics of implementing the aforementioned general budget, will greatly affect the achievement this year in terms of delays in approving the budget and delays in financing, in addition to the weakness of efficiency, transparency, integrity, and quality, especially in investment projects.”  link

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Mot: ... the Wisdom of ole ""Earl""

Mot:  Perfect It Was !!! Ideal Saturday

News, Rumors and Opinions Sunday AM 6-30-2024

KTFA:

BuckeyeTree:  We are at the end of June, and Sunday, June 30, is mid year, an opportune time. Almost daily there is a cascade of news in articles from Iraq and Eddie. IMO, June may end with great news, and, if not with what we seek, but maybe news that brings us yet closer to what we seek.

There have been times which looked good that have come and gone. More needed to get done, and we have waited. Now ATMs are out and official WTO full member status as of July 18. IMO, the window seems to be getting smaller and startup of those idle ATMs dispensing and working maybe closer!  IMO.

TBJohnston:  I agree, Buckeyetree, IMO we are CLOSER than EVER to this blessing finally happening, and tomorrow from Today's perspective looks very promising indeed!

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 Frank26:  "KTFA FAMILY... SUDANI GUARANTEED THE CONTRACTS FOR INVESTMENTS WITH A NEW EXCHANGE RATE, THEN HE TOLD THOSE AGAINST THE MONETARY REFORM.......... DON'T YOU DARE TOUCH MY INVESTORS BECAUSE I GUARANTEED THEIR MONEY, INVESTMENTS & CONTRACTS!!!"..........F26

What is the importance of Iraq joining international agreements?

6/26/2024  Baghdad

The Chairman of the National Investment Commission, Haider Makiya, stressed today, Wednesday, the importance of Iraq joining international agreements to enhance the investment sector, noting that Iraq has provided real guarantees to attract foreign investments.

Makiya said, in his speech, during the launch of the National Investment Commission conference in cooperation with the United Nations Development Programme, that “Iraq’s accession to the International Settlement Agreement resulting from international mediation and disputes that was signed in 2024, will contribute to achieving the goals of sustainable development and encouraging the increasing use of international mediation as a means.” Effective for settling cross-border disputes, for the purpose of maintaining trade and investment relations between the parties involved in the investment process.” 

He added, "This agreement has a pivotal dimension, foremost among which is finding an alternative method to litigation procedures before international arbitration bodies in disputes arising from investment, especially since Iraq joined in 2015 the International Center for the Settlement of Investment Disputes between States and Citizens of Other Countries, and this "It will give foreign investors the right to resort to the Washington Center."

He continued, "Also, the Republic of Iraq's accession to the New York Convention on the Recognition of Foreign Judgments of 1958 means completing all the necessary legislative environment to provide real guarantees and protection for foreign investors, and this will reflect positively on attracting foreign capital to Iraq, which aims at the construction and reconstruction process, and will raise Iraq's classification." .

He explained, "This agreement enhances the Iraqi investment reality, because it includes many international and qualitative strategic investment opportunities that impose contracts with specialized foreign companies for investment purposes. This requires Iraq to provide legal protection to those companies by resolving disputes in the event that they arise from investment contracts that It is imposed by state institutions on these companies, which prefer to resort to international arbitration to guarantee their rights, as stipulated in Article 27 of Investment Law No. 13.”

He pointed out, “Iraq’s accession to the International Mediation Agreement (Singapore Agreement) is necessary to attract foreign investments and achieve intended development, especially in light of Iraq’s transformation and dependence on a free market economy. This agreement will also create a legal framework that allows reliance on agreements.” The settlement resulting from mediation is easily implemented by all countries.”

Makiya stressed that “the legal department at the National Investment Authority and the investment authorities in the governorates will work to include international investment contracts by relying on mediation mechanisms in investment-related disputes before resorting to international arbitration, which will send a message of reassurance to foreign investors and foreign companies in order to proceed with resolving disputes.” related to these contracts, is easier than entering into international commercial arbitration procedures.”

 He pointed out, “The Republic of Iraq’s accession to the International Commercial Arbitration Agreement and the Singapore Mediation Agreement, in addition to concluding many agreements to encourage and protect mutual investments between Iraq and many international countries, made Iraq occupy fourth place in the classification of foreign direct investment.”

And the best emerging markets to invest in 2024.”

He stressed that "the noticeable improvement in the investment climate in Iraq comes as a result of government efforts made to strengthen the economic and investment sector, in attracting foreign investments," calling on foreign companies, foreign investors and businessmen to "visit Iraq to learn about the investment opportunities included in the investment map, and to attend the forum."

 "Iraq Investment Bank, which will be held next November, will launch more than 100 investment opportunities with integrated approvals, and review the benefits and guarantees that the investment law will provide to investors."   LINK

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

Frank26   Sudani...I honestly feel he has put everybody ...in checkmate...He put Kurdistan and Barzani in checkmate when he showed them the new exchange rate IMO.  He put all the contractors in checkmate ...when they rewrote [contracts] with the new exchange rate IMO...Sudani has...all those involved in monetary reform in checkmate, even the United States of America, WTO, everybody is in checkmate...Look at all the excitement...pomp and circumstances pointing at Iraq from everybody... bowing to Iraq...You got the oil we want...The whole world knows Iraq are in control of them.

Bruce   [via WiserNow]  ...all of this information...is coming from Iraq directly, and we have some sources there ...was at the Baghdad International Airport and was able to use his credit/debit card. An Iraqi citizen was able to use his credit debit card to not only obtain lower denominations on the ATM, but also purchase airline tickets – in the ATM – which I didn't know you could do...He did have a rate, and he was...successfully able to transact business in Iraq - on the Iraqi dinar...He said, our time will come in a couple of days, a couple more days, but I think he's probably right...This should be a bang up weekend for us.

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BRICS No to World Bank: What Next?

Fasstepo:  6-29-2024

The World Bank, a cornerstone of global financial governance, has long been a subject of criticism.

As the institution faces growing scrutiny from the Global South and BRICS countries, several pressing questions arise: Why is there a persistent perception of Western dominance within the World Bank's decision-making processes?

How do the conditionalities attached to its loans impact the socio-economic landscapes of recipient countries? And why have alternatives like the New Development Bank emerged as significant players in global finance?

This video delves into these critical issues, exploring the structural imbalances, the controversial policy impositions, and the rigidity that critics argue undermine the World Bank's mission.

https://www.youtube.com/watch?v=62PIbwJp5R0

Economist’s “News and Views” Saturday 6-29-2024

Project mBRIDGE Explained: BRICS, Multi Currency Reality Via New Blockchain Settlement System

Lena Petroa:  6-29-2024

Blockchain-based project mBRIDGE will become the foundation for a new, global alternative financial system. mBridge does not support settlements made in U.S. dollars.

Today, Warwick and Lena discussed how project mBRIDGE works, its structure, key stakeholders as well as the benefits that it will facilitate for the global majority.

 The discussion focuses on the process of de-dollarization, the BRICS+ bloc and the future of payment settlements.

https://www.youtube.com/watch?v=hRwzx7WnT7s

BRICS Shocked Dollar by Switching to Gold Reserve: What next?

Fastepo:  6-29-2024

In this video, we explore the recent global shift toward increasing gold reserves and examine how this trend impacts the relationship between gold prices and the US dollar.

We delve into the reasons behind various countries' moves to diversify their reserves away from the US dollar. Additionally, we analyse how gold prices typically respond to fluctuations in the US dollar.

https://www.youtube.com/watch?v=JjwhZ8fWbcg

What Is Money?

Lynette Zang:  6-29-2024

Today we are talking about money, what it is, how it's created and the lie that has been sold to us...

https://www.youtube.com/watch?v=wbs6Dye17Do