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Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8

Goldilocks' Comments and Global Economic News Saturday Afternoon 6-1-24

Goldilocks' Comments and Global Economic News Saturday Afternoon 6-1-24

Good evening Dinar Recaps,

"Liquidity in U.S. financial markets is starting to dry up, which could it make it difficult for stocks and other risky assets to advance from here, according to analysts at JPMorgan."

This has been going on since the end of March 2024. If you remember, this was the time banks were no longer going to receive free liquidity going forward. 👇

"The Federal Reserve Board announced that the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11. The program will continue to make loans until that time and is available as an additional source of liquidity for eligible institutions."

This lack of liquidity has reached its tipping point. And now, we have reached a contracting phase in the markets. It appears that old money has reached its limits.

Goldilocks' Comments and Global Economic News Saturday Afternoon 6-1-24

Good Evening Dinar Recaps,

"Liquidity in U.S. financial markets is starting to dry up, which could it make it difficult for stocks and other risky assets to advance from here, according to analysts at JPMorgan."

This has been going on since the end of March 2024. If you remember, this was the time banks were no longer going to receive free liquidity going forward. 👇

"The Federal Reserve Board announced that the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11. The program will continue to make loans until that time and is available as an additional source of liquidity for eligible institutions."

This lack of liquidity has reached its tipping point. And now, we have reached a contracting phase in the markets. It appears that old money has reached its limits.

There are currently over 450 London Metal Exchange approved Warehouses around the world, and their numbers are continuing to grow. They are located across the USA, Europe, and Asia.

These active locations are ready to serve the needs of the new digital asset-based trading system. Gold and other precious metals have been on the rise since the beginning of this year. The time has come for gold's new role in our world to awaken.  Market Watch   LME   Financial Express

Gold is the new liquidity. Gold will set us free.

© Goldilocks

~~~~~~~~~

BREAKING NEWS IRAQ   Trouble | Youtube

~~~~~~~~~

The race toward instant payments has now begun. The new MICA regulations have set everything in motion. | The Paypers

~~~~~~~~~

Russian Commodity Companies Using Stablecoins To Settle With Chinese Counterparts: Report  |  Daily Hodl 

Russian Commodity Companies Announcement:

Russian commodities firms are reportedly using the top stablecoin USDT to execute financial transactions with Chinese companies.

Bloomberg, citing “top executives at the companies,” reports that at least two metals producers in Russia use the Tether-issued stablecoin and other crypto assets to facilitate cross-border transactions with clients and suppliers in China.

~~~~~~~~~

RBI relocates 100 tonnes of gold from UK to its Indian vaults: Report  |  LiveMint

RBI relocated over 100 tonnes of gold from UK to India for logistical and storage reasons, hinting at more gold entering the country soon. This move follows RBI's recent acquisition of 27.5 tonnes, increasing its total gold holdings to 822.1 tonnes by March.

~~~~~~~~~

SEC Announcement:

Washington D.C., May 31, 2024 —
The Securities and Exchange Commission’s Investor Advisory Committee will hold a virtual public meeting on June 6, 2024, at 10 a.m. ET. The meeting will be webcast on the SEC website.  SEC

The committee will host two panels:

* Examining the New Frontier for Investment Advice

* AI Regulation: Embracing the Future

The committee will also discuss potential recommendations regarding the Protection of Self-Directed Investors when Trading Complex Products and Utilizing Complex Strategies and Financial Literacy and Investor Education.

The Investor Advisory Committee, which focuses on investor-related interests, advises the Commission on regulatory priorities and various initiatives to help protect investors and promote the integrity of the U.S. securities markets. Established by the Dodd-Frank Act, the Committee is authorized by Congress to submit findings and recommendations to the Commission.

~~~~~~~~~

Fed’s Wait-and-See on Rate Cuts Supported by Worst 6-Month “Core” & “Core Services” PCE Inflation since mid-2023 | Wolf Street

~~~~~~~~~

The UK recently conducted a consultation about its Digital Securities Sandbox (DSS), which eases legal requirements for central securities depositories. The aim is to enable tokenization initiatives to issue, trade and settle digital securities. | Ledger Insights

~~~~~~~~~

BIS shares how Project Agorá aims to tokenize correspondent banking - Ledger Insights - blockchain 

Bank for International Settlements Announcement:

Last month the Bank for International Settlements (BIS) Innovation Hub unveiled Project Agorá, its ambitious project with seven central banks to transform cross-border payments with tokenization. It proposes using a Unified Ledger involving wholesale central bank digital currencies (wCBDC) and tokenized deposits on a shared infrastructure to execute payments. Today the BIS released a short paper on “Next generation correspondent banking“, which outlines the vision for Agorá. A large part of that relates to how compliance is dealt with.

~~~~~~~~~

Securities & Futures Commission of Hong Kong Announcement  |  Finance Magnates

SFC Warns of June 1 Deadline: Comply or Face Legal Consequences

Virtual asset trading platforms must be licensed by June 1, 2024, or face criminal charges

The regulator urges investors to trade only on licensed platforms.

~~~~~~~~~

First Green Security Token Offering for New Energy Vehicles Charging Network in Hong Kong - The Tokenizer

~~~~~~~~~

~~~~~~~~~

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

9 pm EDT / 8 pm CDT / 6 pm PDT

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

 

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

~~~~~~~~~

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Goldilocks on the Seeds of Wisdom Team™ Website

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“Tidbits From TNT” Saturday 6-1-2024

TNT:

CandyKisses:  Al-Sayhood: The UN Security Council vote to end the work of UNAMI is a historic victory for Iraq, its people and its government


Saturday 01, June 24

Baghdad / Nina /

The Secretary-General of the Assembly / generations / MP Muhammad Saadoun Al-Sayhoud The vote of the United Nations Security Council to end the work of the UNAMI mission is a historic victory for Iraq, its people and its government.

Al-Sayhoud explained in a press statement today: "The termination of the work of the UNAMI mission in Iraq in 2025 came after a government effort and constructive and purposeful dialogues that established to the world that Iraq is able to manage the country by itself without any need for UN intervention, especially what Iraq is witnessing under the government of Prime Minister Muhammad Shia Al-Sudani of political, security, economic, development, investment, service as well as diplomatic stability."

TNT:

CandyKisses:  Al-Sayhood: The UN Security Council vote to end the work of UNAMI is a historic victory for Iraq, its people and its government

Saturday 01, June 24

Baghdad / Nina / The Secretary-General of the Assembly / generations / MP Muhammad Saadoun Al-Sayhoud The vote of the United Nations Security Council to end the work of the UNAMI mission is a historic victory for Iraq, its people and its government.

Al-Sayhoud explained in a press statement today: "The termination of the work of the UNAMI mission in Iraq in 2025 came after a government effort and constructive and purposeful dialogues that established to the world that Iraq is able to manage the country by itself without any need for UN intervention, especially what Iraq is witnessing under the government of Prime Minister Muhammad Shia Al-Sudani of political, security, economic, development, investment, service as well as diplomatic stability."

He added: "The entire international community has placed its confidence in Prime Minister Mohammed Shia Al-Sudani, especially after the international, regional and Arab openness and its positive effects in the advancement and advancement of Iraq and its auspicious and influential return as an important and effective element in the Arab, regional and international environment and its great participation in solving important issues and spreading the principles of brotherhood, peace and stability in the region and the world, distancing oneself from external conflicts and moving away from the policy of axes."

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

CandyKisses:  Iraq announces the arrival of approximately 24,400 pilgrims to the Holy Land so far

Economy News - Baghdad

Today, Friday, the Supreme Commission for Hajj and Umrah counted Iraqi pilgrims traveling by land and air to the Holy Land, while confirming the existence of coordination with the Central Bank and banks to sell dollars to pilgrims at the official rate

"The voyage process is continuing, whether by air through Baghdad, Najaf, Basra, Erbil, Sulaymaniyah and Kirkuk airports to Madinah airport - Prince Mohammed bin Abdulaziz airport, directly, as well as the voyage through the Arar border crossing, where pilgrims are escorted by security forces to the Arar border crossing," said spokesman Hassan Fahd al-Kinani.

Al-Kinani added that "pilgrims pass through the city of pilgrims and Umrah performers, which was established in a record period not exceeding sixty days, and there are all the amenities that the pilgrim needs, and it contains restaurants, a bakery, a factory for the production of crystal ice, and a dream, where breakfast, lunch and dinner are served when the pilgrim stays there, and then at the Arar border crossing, where the procedures are easy and easy."

"The number of pilgrims traveling by land and air to the Holy Land has reached about 24,400, half of whom are now in Medina and the other half have moved to Mecca after visiting the Holy Prophet (peace be upon him)," he said.

Regarding coordination with the Central Bank to obtain the dollar, Al-Kinani explained that "there is coordination with the Central Bank, Al-Rasheed and Rafidain Banks, and the Hermit Bank, which has been since the beginning of the regiment in the process of exchanging dollars to pilgrims, in addition to the Iraqi Trade Bank and exchange companies, all of which are on the official website of the Commission. Any pilgrim to the Holy Land can access the official website of the Commission through social networking sites or on the official website of the Commission in order to know where to sell dollars at the official rate for for pilgrims of Baghdad and the provinces."

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

Tishwash:   Al-Sudani: “The development road” means linking the East to Europe through Iraqi lands

Prime Minister, Muhammad Shiaa Al-Sudani, confirmed that the development road project means, according to current market equations and international trade movement, a link between the East and Europe through Iraqi and Turkish lands together.

Al-Sudani, during an interview conducted by Anatolia Agency, said: In the beginning, we must look historically at Iraq’s role in trade between the East and the West over many centuries, and I am not exaggerating if I say that since prehistoric times, Mesopotamia has been an easy trade corridor whose paths trade caravans prefer to follow. And standing and trading with its metropolises, cities and urban centres.”

He stressed that the path of development is essentially to restore this historical role, and linking the port of Al-Faw to the Turkish border means, according to current market equations and international trade movement, a link between the East and Europe via Iraqi and Turkish lands together.
The Prime Minister explained that the region is witnessing conflicts and tensions that recede at times and escalate at other times, and this prompts us to focus efforts on projects that overlap in interests and overlap in benefits.

He added: The Development Road will provide an opportunity for the emergence of industrial cities on both sides of it, which will complement the trade passing through it. Later this year, we will inaugurate the first berths at Al-Faw Port, and the flow of goods through the Development Road route will begin initially.”

He continued, saying: All indicators, economic readings and feasibility studies, say that this corridor is the least expensive and fastest among the rest of the corridors. We do not say that it is an alternative, but rather regional and international trade really needs a path of development, as it is a linking project that promotes overlap in interests and causes of economic sustainability.

Following President Erdogan's visit to Iraq, Turkish Minister of Transport and Infrastructure Abdulkadir Oraloglu said that with the operation of the development road, the volume of trade with Iraq will increase from $20 billion to $30-40 billion.

Regarding the future volume of bilateral trade between Turkey and Iraq, which is currently estimated at about 20 billion dollars, the Prime Minister of Iraq said: The increase in the volume of bilateral trade with Turkey can be expanded vertically, but we are seeking vertical expansion as well. In short, this is the role of the Development Road Project and the projects attached to it. “

He added: Experience and history have proven that the progress of a country alone and in isolation from its neighbourhood, is something that carries an unknown future despite all possibilities and conflicts. Therefore, we focus on increasing the capacity of exchange and actual partnership (with Turkey) is the guarantor of stability and deep, long-term relations.

He continued: In our relationship with our Turkish brothers, we also focused on one of the most promising sectors in investment and cooperation, which is the agricultural sector, and soon we will witness practical steps in this aspect, and the participation of Turkish companies.”

Regarding investments in Iraqi gas fields, the Prime Minister of Iraq said, in his interview with Anadolu: “Gas investment is a strategic test for Iraq, and our national wealth must be optimally employed in serving our people and development plans.”
He added: It is not possible to continue burning gas, firstly due to the waste of this wealth that can be benefited from, and secondly due to the environmental effects. We announced a special round of licenses to invest in gas fields.

He continued, saying: We plan for Iraq to be self-sufficient in domestic gas production within 3 years, and Iraq is moving confidently to be an important element in the gas market within 5 years, and we will achieve self-sufficiency in this material at the expense of electricity production.

The Prime Minister of Iraq said: Specialists know that the existence of a technological base for gas investment is at the same time a base for the broadest petrochemical industries, and this is what we seek.”

Regarding potential partnerships in these investments, the Prime Minister of Iraq indicated that the doors are open to every reputable and specialized company that wishes to participate in this sector, and we also welcome regional companies because they will expand the base of cooperation in other areas.

He added: It is important to understand that gas investment means providing additional resources for development in Iraq, which are resources that can be invested in various promising economic rights, and these areas will be open to the participation of Turkish companies and companies of other friendly countries.

Iraq's current production of natural gas is about 2.7 billion cubic feet, and according to previous estimates, Iraq has a reserve of 132 trillion cubic feet of gas, of which 700 billion cubic feet were burned, as a result of the weak ability to exploit it.

Regarding the flow of Iraqi oil, the Iraqi Prime Minister explained that stopping the pumping of Iraqi oil extracted from the fields of the Kurdistan region of Iraq is undoubtedly a loss for Iraq, and at least it is the loss of an expected benefit that can support development plans in the provinces of the region and strengthen the Iraqi economy as a whole.

He added: He added: We took the initiative to find acceptable settlements and legal solutions and solutions after a thorough legal study, but the matter is surrounded by a legal obligation, because the Federal General Budget Law requires calculating the cost of producing one barrel of oil in all fields to be within the national average of the cost of production, which is around $8 per barrel, according to what was announced. Federal Ministry of Oil.

He continued: But the Ministry of Natural Resources in the Kurdistan Regional Government, and within the contracts signed with the oil company operating there, the cost of production is calculated at around $26 per barrel, and we suggested to Imam that the budget law be amended, or that the agreements and contracts with these companies be amended.”

The Prime Minister of Iraq continued, saying: From this standpoint, companies stopped production, as the ban did not come from the federal government, and we are waiting for a solution to be found. The companies refused to amend the contracts, while the regional government agreed.

He explained that for these reasons, more work is required to find a legal solution that first ensures the rights of Iraq and its people to its wealth.
He added: As for transporting Basra oil through Turkish ports, the matter is subject to study and determining the economic feasibility first of all.

Currently, Iraq’s oil production is approximately 4 million barrels per day, according to data from the Ministry of Oil and the Organization of the Petroleum Exporting Countries (OPEC), while it imports about 25 million liters of gas oil, gasoline, and white oil daily, in addition to natural gas.

According to previous statements by Al-Sudani, Iraq intends to be self-sufficient in oil derivatives, stop imports, and save $3.2 billion  link

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

Mot: Can You Believe This!!??? -- I'm Still Wondering What Happened to March!!! 

Mot:  . Finally !!! -- the Seniors Version of ~~~~~ facebook

 

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Iraq Economic News and Points To Ponder Late Thursday Evening 6-1-24

Iraq Economic News and Points To Ponder Late Thursday Evening 6-1-24

Chairman Of The Parliamentary Security Committee: The Security Council’s Decision To Withdraw The UN Representative Restored Iraq’s Sovereignty

Saturday 01, June 2024 | Political Number of readings: 128  Baghdad / NINA / Chairman of the Security and Defense Committee, Karim Aliwi Al-Muhammadawi, confirmed the ability of the Iraqi security forces to protect the homeland’s lands and the country’s sovereignty.

Al-Muhammadawi welcomed in a statement: “The UN Security Council’s decision to withdraw the United Nations representative from Iraq and considered it a successful decision and evidence of the modern state’s policy for Iraq, after it convinced the international parties of the necessity of Iraq restoring its sovereignty once again.”

Iraq Economic News and Points To Ponder Late Thursday Evening 6-1-24

Chairman Of The Parliamentary Security Committee: The Security Council’s Decision To Withdraw The UN Representative Restored Iraq’s Sovereignty

Saturday 01, June 2024 | Political Number of readings: 128  Baghdad / NINA / Chairman of the Security and Defense Committee, Karim Aliwi Al-Muhammadawi, confirmed the ability of the Iraqi security forces to protect the homeland’s lands and the country’s sovereignty.

Al-Muhammadawi welcomed in a statement: “The UN Security Council’s decision to withdraw the United Nations representative from Iraq and considered it a successful decision and evidence of the modern state’s policy for Iraq, after it convinced the international parties of the necessity of Iraq restoring its sovereignty once again.”

He added: “Iraq is capable of protecting itself and that its security services are on standby to protect the nation’s wall internally and externally from any international or terrorist movement or attack.”/ https://ninanews.com/Website/News/Details?key=1130010

Oil Prices Suffer A Weekly Loss Ahead Of The OPEC+ Meeting

Money  and business   Economy News - follow up  Oil prices fell yesterday, Friday, and recorded a weekly loss, as investors focused on the OPEC+ meeting scheduled for Sunday to decide on the alliance’s production levels.

Brent crude futures for July delivery fell 24 cents, or 0.3%, to $81.62 a barrel, while August futures fell 77 cents, or 0.8%, to $81.11.

US West Texas Intermediate crude futures fell 92 cents, or 1.2%, to $76.99, according to Reuters.

Brent crude fell 0.6% over the week, while West Texas Intermediate crude lost 1%.

Markets are awaiting the OPEC+ alliance meeting scheduled to be held on Sunday, as sources told Reuters that the OPEC+ alliance is working on drafting a complex agreement that would allow some of the sharp cuts in oil production to be extended until 2025.

Data from the US Energy Information Administration showed on Friday that US crude oil production rose in March to its highest level this year, while production of fuel products, an indicator of demand, fell 0.4% to 19.9 million barrels per day.

The oil market has been under pressure in the past few weeks due to the possibility that borrowing costs will remain high for a longer period in the United States, which could harm crude oil consumption.

The two benchmark crude oils were heading towards their largest monthly decline since December, after falling in the previous session due to a sudden increase in US fuel inventories.Views 84 06/01/2024 - https://economy-news.net/content.php?id=43912

Learn About The Dollar Exchange Rates In Local Markets

Local |  06/01/2024  Baghdad - Mawazine News  The exchange rates of the dollar rose today, Saturday, in local markets.

Dollar prices rose with the opening of the Al-Kifah and Al-Harithiya stock exchanges, recording 145,300 Iraqi dinars for every 100 dollars, while last Thursday prices recorded 145,150 Iraqi dinars for every 100 dollars.

Selling prices in banking shops in local markets in Baghdad stabilized, with the selling price reaching 146,250 dinars, while the purchasing price reached 144,250 dinars for every 100 dollars.

As for Erbil, the stock market does not trade on official holidays, but the dollar recorded stability in banking shops, as the selling price reached 145,000 dinars against the dollar, and the purchase price reached 144,900 dinars against 100 dollars.  https://www.mawazin.net/Details.aspx?jimare=248963

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

Provoking Thoughts and Points To Ponder on Failures and Mistakes

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

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

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

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

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

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

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

http://famousquotesandauthors.com/quotes_by_topic.html

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Iraq Economic News and Points To Ponder Friday Evening 5-31-24

Iraq Economic News and Points To Ponder Friday Evening 5-31-24

Parliamentary Finance Announces Its Readiness To Present The Final Report On The Budget Schedules In Next Monday’s Session

Friday 31, May 2024 | Economical Number of readings: 176  Baghdad / NINA / The Parliamentary Finance Committee confirmed its readiness to present the final report on the budget schedules in next Monday’s session.

The head of the committee, Atwan Al-Atwani, said in a statement, “His committee has been continuing for days to study and review the 2024 budget schedules, in detail, in order to complete them in the optimal manner, and to ensure the necessary financial allocations for all sectors.”

He pointed out that “a series of intensive meetings were held, which witnessed the hosting of the relevant ministers,” indicating that “the committee is about to complete the task of discussing and reviewing the details of these schedules, in a manner consistent with the federal general budget law for the years (2023-2025).”

Iraq Economic News and Points To Ponder Friday Evening 5-31-24

Parliamentary Finance Announces Its Readiness To Present The Final Report On The Budget Schedules In Next Monday’s Session

Friday 31, May 2024 | Economical Number of readings: 176  Baghdad / NINA / The Parliamentary Finance Committee confirmed its readiness to present the final report on the budget schedules in next Monday’s session.

The head of the committee, Atwan Al-Atwani, said in a statement, “His committee has been continuing for days to study and review the 2024 budget schedules, in detail, in order to complete them in the optimal manner, and to ensure the necessary financial allocations for all sectors.”

He pointed out that “a series of intensive meetings were held, which witnessed the hosting of the relevant ministers,” indicating that “the committee is about to complete the task of discussing and reviewing the details of these schedules, in a manner consistent with the federal general budget law for the years (2023-2025).”

Al-Atwani confirmed that “Parliamentary Finance is ready to present its final report to the House of Representatives in next Monday’s session designated for approving the budget schedules and its annexes.”

He pointed out that "the committee is keen to enable the federal government to implement its service and development plans and programs in a manner consistent with its government program that the House of Representatives voted on."/   https://ninanews.com/Website/News/Details?key=1129845

Al-Sudani: The Path Of Development Will Restore Iraq's Historical Role In Global Trade

Economy |  05/31/2024  Baghdad - Mawazine News  Prime Minister, Muhammad Shiaa Al-Sudani, confirmed that the development road project means, according to current market equations and international trade movement, a link between the East and Europe through Iraqi and Turkish lands together.

Al-Sudani, during an interview conducted by Anatolia Agency, said: In the beginning, we must look historically at Iraq’s role in trade between the East and the West over many centuries, and I am not exaggerating if I say that since prehistoric times, Mesopotamia has been an easy trade corridor whose paths trade caravans prefer to follow. And standing and trading with its metropolises, cities and urban centres.”

He stressed that the path of development is essentially to restore this historical role, and the link between the port of Al-Faw and the Turkish border, according to the current market equations and the international trade movement, means a link between the East and Europe through Iraqi and Turkish lands together.”

The Prime Minister of Iraq explained that the region is witnessing conflicts and tensions that recede at times and escalate at other times, and this prompts us to focus efforts on projects that overlap in interests and overlap in benefits.

He added: The Development Road will provide an opportunity for the emergence of industrial cities on both sides of it, which will complement the trade passing through it. Later this year, we will inaugurate the first berths at Al-Faw Port, and the flow of goods through the Development Road route will begin initially.”

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

He continued, saying: All indicators, economic readings and feasibility studies, say that this corridor is the least expensive and fastest among the rest of the corridors. We do not say that it is an alternative, but rather regional and international trade really needs a path of development, as it is a linking project that promotes overlap in interests and causes of economic sustainability.

Following President Erdogan's visit to Iraq, Turkish Minister of Transport and Infrastructure Abdulkadir Oraloglu said that with the operation of the development road, the volume of trade with Iraq will increase from $20 billion to $30-40 billion.

Regarding the future volume of bilateral trade between Turkey and Iraq, which is currently estimated at about 20 billion dollars, the Prime Minister of Iraq said: The increase in the volume of bilateral trade with Turkey can be expanded vertically, but we are seeking vertical expansion as well. In short, this is the role of the Development Road Project and the projects attached to it. “.

He added: Experience and history have proven that the progress of a country alone and in isolation from its neighbourhood, is something that carries an unknown future despite all possibilities and conflicts. Therefore, we focus on increasing the capacity of exchange and actual partnership (with Turkey) is the guarantor of stability and deep, long-term relations.

He continued: In our relationship with our Turkish brothers, we also focused on one of the most promising sectors in investment and cooperation, which is the agricultural sector, and soon we will witness practical steps in this aspect, and the participation of Turkish companies.”

Regarding investments in Iraqi gas fields, the Prime Minister of Iraq said, in his interview with Anadolu: “Gas investment is a strategic test for Iraq, and our national wealth must be optimally employed in serving our people and development plans.”

He added: It is not possible to continue burning gas, firstly due to the waste of this wealth that can be benefited from, and secondly due to the environmental effects. We announced a special round of licenses to invest in gas fields.

He continued, saying: We plan for Iraq to be self-sufficient in domestic gas production within 3 years, and Iraq is moving confidently to be an important element in the gas market within 5 years, and we will achieve self-sufficiency in this material at the expense of electricity production.

The Prime Minister of Iraq said: Specialists know that the existence of a technological base for gas investment is at the same time a base for the broadest petrochemical industries, and this is what we seek.”

Regarding potential partnerships in these investments, the Prime Minister of Iraq indicated that the doors are open to every reputable and specialized company that wishes to participate in this sector, and we also welcome regional companies because they will expand the base of cooperation in other areas.

He added: It is important to understand that gas investment means providing additional resources for development in Iraq, which are resources that can be invested in various promising economic rights, and these areas will be open to the participation of Turkish companies and companies of other friendly countries.

Iraq's current production of natural gas is about 2.7 billion cubic feet, and according to previous estimates, Iraq has a reserve of 132 trillion cubic feet of gas, of which 700 billion cubic feet were burned, as a result of the weak ability to exploit it.

Regarding the flow of Iraqi oil, the Iraqi Prime Minister explained that stopping the pumping of Iraqi oil extracted from the fields of the Kurdistan region of Iraq is undoubtedly a loss for Iraq, and at least it is the loss of an expected benefit that can support development plans in the provinces of the region and strengthen the Iraqi economy as a whole.

He added: He added: We took the initiative to find acceptable settlements and legal solutions and solutions after a thorough legal study, but the matter is surrounded by a legal obligation, because the Federal General Budget Law requires calculating the cost of producing one barrel of oil in all fields to be within the national average of the cost of production, which is around $8 per barrel, according to what was announced. Federal Ministry of Oil.

He continued: But the Ministry of Natural Resources in the Kurdistan Regional Government, and within the contracts signed with the oil company operating there, the cost of production is calculated at around $26 per barrel, and we suggested to Imam that the budget law be amended, or that the agreements and contracts with these companies be amended.”

The Prime Minister of Iraq continued, saying: From this standpoint, companies stopped production, as the ban did not come from the federal government, and we are waiting for a solution to be found. The companies refused to amend the contracts, while the regional government agreed.

He explained that for these reasons, more work is required to find a legal solution that first ensures the rights of Iraq and its people to its wealth.

He added: As for transporting Basra oil through Turkish ports, the matter is subject to study and determining the economic feasibility first of all.

Currently, Iraq’s oil production is approximately 4 million barrels per day, according to data from the Ministry of Oil and the Organization of the Petroleum Exporting Countries (OPEC), while it imports about 25 million liters of gas oil, gasoline, and white oil daily, in addition to natural gas.

According to previous statements by Al-Sudani, Iraq intends to be self-sufficient in oil derivatives, stop imports, and save $3.2 billion.   https://www.mawazin.net/Details.aspx?jimare=248956

Oil Declines After A Sudden Rise In US Gasoline Stocks

Friday 31, May 2024 | Economical Number of readings: 241  Baghdad / NINA / Oil prices fell today, Friday, in the wake of a sudden rise in US gasoline inventories and amid indications that it is unlikely to start lowering interest rates.

Brent crude futures fell 12 cents, or 0.15 percent, to trade at $81.74 a barrel, and US West Texas Intermediate crude fell 17 cents, or 0.22 percent, to $77.74.

This decline in prices comes in light of statements by Lori Logan, President of the Federal Reserve Bank in Dallas, about the possibility of rising inflation despite the slowdown in the recent period, warning that the US Central Bank needs to be flexible and keep “all options on the table” while monitoring... “Data determines how to respond.”

Meanwhile, the US Energy Information Administration reported that gasoline inventories rose against expectations that demand will be higher before the weekend.

Inventories rose by two million barrels during the week, to 228.8 million barrels, compared to expectations of a decrease of 400 thousand barrels./End 2 https://ninanews.com/Website/News/Details?key=1129766

The Central Bank Announces Raising The Amounts Allocated For Housing Loans

Economy |  05/31/2024  Baghdad - Mawazine News  The Central Bank announced today, Friday, raising the amounts allocated for housing loans to 3 trillion dinars.

The bank stated in a statement received by “Mawazine News”, that “based on the strategic vision and main objectives of the Central Bank of Iraq in working to promote sustainable development and prosperity and achieving well-being for citizens, the most prominent of which is the provision of adequate housing, and in a way that contributes to the growth of urban expansion and urban development,

 it decided The Board of Directors of the Central Bank of Iraq issued a number of decisions that would provide additional amounts amounting to about (3) trillion dinars, which in turn will be reflected in the response to housing borrowing requests by citizens through (the Real Estate Bank and the Iraqi Housing Fund) in a facilitating manner, in support of the government’s directions in "This regard."

The statement added, “The Central Bank of Iraq directed the management of both the Real Estate Bank and the Iraqi Housing Fund to develop a well-thought-out plan for housing lending, through which it will receive requests from citizens wishing to borrow, in light of the government’s directives and in accordance with the contexts and regulations in force in each of them, taking into account Priorities in this regard, in a way that achieves the principle of justice among citizens, especially completed or under-complemented transactions.”

At the same time, the Board of Directors of the Central Bank of Iraq called on the government and the House of Representatives to provide support to the Real Estate Bank and the Iraqi Housing Fund, by allocating an annual amount within the federal general budget to enhance the capital of each of them, allowing them the opportunity to implement their policy of granting housing loans to citizens. https://www.mawazin.net/Details.aspx?jimare=248935

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

 

Provoking Thoughts and Points To Ponder on Failures and Mistakes

The man who has done his level best, and who is conscious that he has done his best, is a success, even though the world may write him down a failure.- B. C. Forbes

Good judgment comes from experience, and experience comes from poor judgment.- Anonymous

Life is very interesting, if you make mistakes.- Georges Carpentier

When I have listened to my mistakes, I have grown.- Hugh Prather

Mistakes and errors are the discipline through which we advance.- William Ellery Channing

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

http://famousquotesandauthors.com/quotes_by_topic.html

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Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8

Goldilocks' Comments and Global Economic News Friday Evening  5-31-24

Goldilocks' Comments and Global Economic News Friday Evening  5-31-24

Good Evening Dinar Recaps,

"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."

Professor Gunter shows an analysis on the drivers inside the market that impact the Iraqi Dinar exchange rate and how to close the gap between the Parallel Market and Official Rate of the Iraqi Dinar.

Goldilocks' Comments and Global Economic News Friday Evening  5-31-24

Good Evening Dinar Recaps,

"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."

Professor Gunter shows an analysis on the drivers inside the market that impact the Iraqi Dinar exchange rate and how to close the gap between the Parallel Market and Official Rate of the Iraqi Dinar.


The Iraq Britain Business Council (IBBC) has been working closely with Iraq to help assess and meet the needs of the Iraqi private sector. These assessments inside this research paper will go a long way towards the implementation of meeting the needs of Iraq's private citizens through a determination of an exchange rate that can do so.

Practical policy initiatives are mentioned in this paper to carry forward new monetary policies. They are not calling this project a white paper, but it sure does have all the hallmarks of one.

These new measures are inclusive of budgetary needs for the Iraqi people. One of the items on the CBI website presented today is instructions on home loans. A mortgage is calculated with the inclusivity of an exchange rate to support it.

It is clear that the Iraqi Dinar is moving towards a credit valuation adjustment that can support the needs of their people and Government.

Iraq Britain Business  Investopedia  Iraq Britain Business 2  Indeed  CBI

© Goldilocks

~~~~~~~~~

"The path to adopting digital asset securities begins with collaboration. Introducing the Digital Asset Securities Control Principles framework, in collaboration with @Clearstream, @EuroclearGroup and @BCG."  

This is the Depository Trust and Clearing Corporation (DTCC) White Paper that describes our movement towards T+0 settlements or instant settlements.

In order to achieve the full spectrum of the QFS being utilized as a Global Economic System, instant settlements have to be in play to level the playing field. Asset Servicing Times  DTTC  Ledger Insights

We now have a framework to work from to move towards achieving these objectives.

© Goldilocks
LINK to the white paper document : okt.to/1kdFLM 

https://www.dtcc.com/dtcc-connection/articles/2024/may/29/building-the-digital-assets-ecosystem?utm_campaign=Digital+Assets&utm_medium=social&utm_source=Twitter

Twitter

~~~~~~~~~

"Commissioner Pham Announces Agenda for Global Markets Advisory Committee Meeting on June 4" |  CFTC


Meeting Agenda:
* Basel 3 Capital proposals and impacts
* Trading impacts with these new credit valuation adjustments
* Impact on Global Market Structures and how this affects liquidity swaps at swap execution facilities

Do you see how we are moving into a phase whereby research on credit valuations and their adjustments are becoming important?

This report will include an assessment of where the International community is at the present time in the integration into the QFS.

© Goldilocks

~~~~~~~~~

Let's take a closer look at hype today. "To promote or publicize (a product or idea) intensively, often exaggerating its importance or benefits."

In society, hype can significantly influence what people think and buy. It is a form of manipulation used for a specific outcome that usually focuses on giving attention to the one sharing its contents.

When you provide an idea that is bigger than it actually is, you alter a person's mind and emotions to focus his or her attention towards the creator of its contents.

This kind of stimulus/response over time has the ability to control the overall actions and mindset of a person to the point of losing a concept of reality that separates a person from self-reflection and self-determination.

Here, a dependency is created for their followers who have not been empowered to think for themselves and totally rely upon their leaders to determine their minds and emotions experiences.

We at the "Seeds of Wisdom Team" have been focusing on factual content to help get us to the end of this ride known as the Global Currency Reset.


We are at this point whereby paying close attention to facts is so valuable to the determination you make at the time of your exchange.

I know I speak for the entire team when I say that it has been a privilege to serve the authentic needs of this community with integrity and dignity.

God Bless each of you.

© Goldilocks

~~~~~~~~~

The Singapore Innovation Hub Centre | Youtube

~~~~~~~~~

BISness podcast - Finternet: the financial system for the future | Youtube

~~~~~~~~~

Bearish Dow future 37,500.

~~~~~~~~~

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline 

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“Tidbits From TNT” Friday 5-31-2024

TNT:

Tishwash:  A parliamentary committee determines the main reason for not approving the oil and gas law.. What is Kurdistan’s relationship?


 The Parliamentary Oil, Gas and Natural Resources Committee confirmed that there were legal violations committed by the Kurdistan region that prevented the approval of the Oil and Gas Law.

Committee member MP Kazem Al-Touki said, in an interview followed by Al-Eqtisad News, that “the oil and gas law does not suffer from technical obstacles, but the main obstacle to its approval in the House of Representatives is the Kurdistan region.”

He added, "The region has problems regarding some points related to the rate of deduction of amounts for each barrel of oil produced in Kurdistan, in addition to the fact that the regional government has had contracts since the 1990s with companies to extract oil in violation of the law."

He stated that "the region violated the laws by contracting with companies to extract oil at high costs, unlike what is happening in other governorates, and these companies should be reconsidered in terms of contracts and financial costs for extracting oil." link

TNT:

Tishwash:  A parliamentary committee determines the main reason for not approving the oil and gas law.. What is Kurdistan’s relationship?

 The Parliamentary Oil, Gas and Natural Resources Committee confirmed that there were legal violations committed by the Kurdistan region that prevented the approval of the Oil and Gas Law.

Committee member MP Kazem Al-Touki said, in an interview followed by Al-Eqtisad News, that “the oil and gas law does not suffer from technical obstacles, but the main obstacle to its approval in the House of Representatives is the Kurdistan region.”

He added, "The region has problems regarding some points related to the rate of deduction of amounts for each barrel of oil produced in Kurdistan, in addition to the fact that the regional government has had contracts since the 1990s with companies to extract oil in violation of the law."

He stated that "the region violated the laws by contracting with companies to extract oil at high costs, unlike what is happening in other governorates, and these companies should be reconsidered in terms of contracts and financial costs for extracting oil." link

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

Tishwash:  Baghdad Stock Exchange closes due to instability in dollar prices 

The exchange rates of the US dollar continued to be unstable against the Iraqi dinar, with the close of trading on the Al-Kifah Stock Exchange today.

Selling prices in exchange shops recorded 146,000 dinars for 100 dollars, while purchasing prices reached 144,000 dinars for 100 dollars.

Economic specialists warned of the sudden rise of the dollar, noting that the reason was due to speculators withdrawing the American currency from the market and selling it later at high prices, which negatively affects the stability of the financial market and the local economy.ink

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

CandyKisses:  Abu Saeeda: American forces will not withdraw from Iraq, and the nature of their presence will be changed

Information / Baghdad...

The head of the movement and the presence of Mohammed Sharif Abu Saida, ruled out the withdrawal of US forces from Iraq, expecting to change the status of their presence.

Abu Saida told Al-Maalouma that "America controls 3 of the largest military bases in the region, Ain al-Assad, Harir and Victoria inside Iraq and al-Tanf near the Iraqi-Syrian border."

He added that "the extension of the state of emergency in Iraq by US President Joe Biden is an explicit confirmation of the continued presence of his military forces in Iraqi territory," pointing out that "the visit of Prime Minister Mohammed Shia Al-Sudani to Washington last month did not discuss the file of withdrawal of US forces from Iraq."

"Anyone who talks about a systematic withdrawal of US forces from Iraq is delusional, as what will happen is to change the status of these forces from a combat soldier to an advisor," he said. 

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

Tishwash:  Adopting international standards brings Iraq closer to the International Labor Organization

Consensus on the importance of strengthening the work sectors in the public and private sectors, and in the financial sector in particular, by adopting governance, risk management and compliance procedures and their role in evaluating performance to achieve goals and avoid economic diseases of all kinds, and to bring Iraq closer to the international labor system.

Advisor to the Prime Minister for Financial Affairs Dr. Mazhar Muhammad Saleh said during the Governance, Risk Management and Compliance Forum organized by the House of Wisdom for Training and Consulting: The importance of the forum stems from focusing on three axes that are extremely important for evaluating performance within institutions, whether public or private, pointing out that governance does not allow deviation from compliance rules. The basic principles are that creating performance paths that serve the country requires commitment to these important and internationally recognized standards.

Saleh stressed that adherence to established policies is extremely important in the internal auditing process and is no less important than high disclosure and transparency, pointing out the importance of there being true integration in building human capabilities through solid training and education curricula that create competencies that rise to world-class performance.

The speech of the Acting Chairman of the Finance Committee, Atwan Al-Atwani, which was read out, confirmed that the issue of governance in public and private institutions receives international, regional and local attention as a result of the expansion of the size of institutions, due to the technological development witnessed by the world and the challenges that have been created that require a new business philosophy.

He pointed out that the GRS system is of great importance, especially in the banking sector, as well as for adopting a huge amount of data in public and private institutions via the Internet, and to achieve the goals of this system, we find that it turns data into smart data of value for institutions.

As for the authorized director of the House of Wisdom for Training and Consultations, Hisham Khaled Abbas, he stated that the forum represents a new approach that expands the importance of this concept, and that the role of governance is to promote effective management that achieves results that enhance the reality of the institution, succeeds in achieving goals, and touches on the broader results and objectives of the national economy seeking to evaluate performance and advance the economy. in general.

He stated that keeping pace with global developments is extremely important and brings us close to the international labor system and enhances confidence in the Iraqi labor market, which is looking for an international presence to complete many works, especially in the investment field in various sectors without exception, at a time when we find many major and specialized international companies looking to... Iraq is of particular importance and the business environment is studied very carefully.

Abbas pointed out that governance, compliance, and risk management are important axes that keep us close to important international and regional economies.  link

 **********

Mot:  Don't Get it!! -- what ever Does he Mean!!??? 

Mot:  Yeppers - finded sum

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News DINARRECAPS8 News DINARRECAPS8

Iraq Economic News and Points To Ponder Late Thursday Evening 5-30-24

Iraq Economic News and Points To Ponder Late Thursday Evening 5-30-24

Al-Rafidain Announces The Implementation Of The Comprehensive Banking System In 27 Branches In Iraq

Economy  Thursday, May 30, 2024 Baghdad/National News Center Al-Rafidain Bank

Announced   These two branches join the other branches in which the comprehensive system was activated in Baghdad and the governorates, which amount to 27 branches, in addition to the branches of the border crossings (Zurbatiyah, Safwan, Arar, and Trebil).

This step represents an important part of the bank’s efforts to leave paperwork and move completely towards electronic transformation, in line with the priorities of the government program that focuses on electronic transformation in financial transactions. This transformation aims to reduce the number of red tape for citizens and reduce time and effort in completing their transactions.

Iraq Economic News and Points To Ponder Late Thursday Evening 5-30-24

Al-Rafidain Announces The Implementation Of The Comprehensive Banking System In 27 Branches In Iraq

Economy  Thursday, May 30, 2024 Baghdad/National News Center Al-Rafidain Bank

Announced   These two branches join the other branches in which the comprehensive system was activated in Baghdad and the governorates, which amount to 27 branches, in addition to the branches of the border crossings (Zurbatiyah, Safwan, Arar, and Trebil).

This step represents an important part of the bank’s efforts to leave paperwork and move completely towards electronic transformation, in line with the priorities of the government program that focuses on electronic transformation in financial transactions. This transformation aims to reduce the number of red tape for citizens and reduce time and effort in completing their transactions.

Rafidain Bank confirmed that the plan for digital transformation and adoption of the comprehensive banking system is proceeding according to the set timings, with the aim of including all branches of the bank with the application of the system, which enhances the efficiency of banking service and increases customer satisfaction.   https://nnciraq.com/256707/

Learn About The Dollar Exchange Rates In Local Markets

Economy | 11:16 - 05/30/2024  Baghdad - Mawazine News  The exchange rates of the dollar against the Iraqi dinar rose slightly, today, Thursday, in local markets.

Dollar prices rose with the opening of the main Kifah and Harthiya stock exchanges in Baghdad, recording 145,150 Iraqi dinars for every 100 dollars, while yesterday, Wednesday, prices recorded 145,000 Iraqi dinars for every 100 dollars.

Selling prices also increased in banking shops in local markets in Baghdad, where the selling price reached 146,250 dinars, while the purchasing price reached 144,250 dinars for every 100 dollars.

In Erbil, the dollar also recorded an increase in banking shops, where the selling price reached 144,850 dinars against the dollar, and the purchase price reached 144,750 dinars against 100 dollars.https://www.mawazin.net/Details.aspx?jimare=248872

Planning: The Population Census Will Achieve Fair Distribution Of Wealth Among The Governorates

Economy News – Baghdad   The Ministry of Planning confirmed, on Thursday, that the general census of population and housing will give accurate figures about the size of the real population mass in each governorate, and will achieve fairness in the distribution of wealth among them.

The spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said in a statement reported by the official news agency, and seen by Al-Iqtisad News, that “the general census of population and housing is one of the field foundations for resolving the existing controversy regarding the provinces’ entitlements from the general budget,” explaining that “the census “It will result in a fair distribution of wealth among the governorates, because most of them complain of the limited financial allocations they receive that are not commensurate with their population density.”

Al-Hindawi added, “The estimated and statistical censuses will give accurate numbers about the size of the real population mass in each governorate, and therefore the state ministries will develop their action plans to fulfill the requirements for each governorate to enjoy its right from the general budget, according to the number of its population that will be mentioned in the general census.”

He stressed that "the Ministry is striving to adopt international scientific standards and field methodologies in conducting the census, using modern electronic technologies," expressing his hope that "the accuracy, reliability, and comprehensiveness of the data will reach 90 percent or more." Views 88  Added 05/30/2024 -  https://economy-news.net/content.php?id=43874

The Central Bank Sells More Than $269 Million At Auction Today 

Economy News – Baghdad  Today, Thursday, the Central Bank announced its sales of hard currency, amounting to more than $269 million in today’s transactions, according to the official rate.

The bank's data showed that the total internal cash withdrawals amounted to $19,730,000, while the total amounts of transfers abroad, which include remittances and credits, amounted to $249,569,132, while the total sale amounted to $269,299,132.

Views 57  Added 05/30/2024 - 2:48 PM  https://economy-news.net/content.php?id=43865

 

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

 

Provoking Thoughts and Points To Ponder on Failures and Mistakes

The fearful are caught as often as the bold.- Helen Keller

Inaction, contrary to its reputation for being a refuge, is neither safe nor comfortable.- Madeleine Kunin

They fail, and they alone, who have not striven.- Thomas Bailey Aldrich

You may be disappointed if you fail, but you are doomed if you don't try.- Beverly Sills

It takes as much courage to have tried and failed as it does to have tried and succeeded.- Anne Morrow Lindbergh

Failure is something made only by those who fail to dare, not by those who dare to fail.- Louis Binstock

You don't always win your battles, but it's good to know you fought.- Marjorie Holmes

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

http://famousquotesandauthors.com/quotes_by_topic.html

Read More
News DINARRECAPS8 News DINARRECAPS8

Iraq Economic News and Points To Ponder Late Thursday Evening 5-30-24

Iraq Economic News and Points To Ponder Late Thursday Evening 5-30-24

Al-Rafidain Announces The Implementation Of The Comprehensive Banking System In 27 Branches In Iraq

Economy  Thursday, May 30, 2024 Baghdad/National News Center Al-Rafidain Bank

Announced   These two branches join the other branches in which the comprehensive system was activated in Baghdad and the governorates, which amount to 27 branches, in addition to the branches of the border crossings (Zurbatiyah, Safwan, Arar, and Trebil).

This step represents an important part of the bank’s efforts to leave paperwork and move completely towards electronic transformation, in line with the priorities of the government program that focuses on electronic transformation in financial transactions. This transformation aims to reduce the number of red tape for citizens and reduce time and effort in completing their transactions.

Iraq Economic News and Points To Ponder Late Thursday Evening 5-30-24

Al-Rafidain Announces The Implementation Of The Comprehensive Banking System In 27 Branches In Iraq

Economy  Thursday, May 30, 2024 Baghdad/National News Center Al-Rafidain Bank

Announced   These two branches join the other branches in which the comprehensive system was activated in Baghdad and the governorates, which amount to 27 branches, in addition to the branches of the border crossings (Zurbatiyah, Safwan, Arar, and Trebil).

This step represents an important part of the bank’s efforts to leave paperwork and move completely towards electronic transformation, in line with the priorities of the government program that focuses on electronic transformation in financial transactions. This transformation aims to reduce the number of red tape for citizens and reduce time and effort in completing their transactions.

Rafidain Bank confirmed that the plan for digital transformation and adoption of the comprehensive banking system is proceeding according to the set timings, with the aim of including all branches of the bank with the application of the system, which enhances the efficiency of banking service and increases customer satisfaction.   https://nnciraq.com/256707/

Learn About The Dollar Exchange Rates In Local Markets

Economy | 11:16 - 05/30/2024  Baghdad - Mawazine News  The exchange rates of the dollar against the Iraqi dinar rose slightly, today, Thursday, in local markets.

Dollar prices rose with the opening of the main Kifah and Harthiya stock exchanges in Baghdad, recording 145,150 Iraqi dinars for every 100 dollars, while yesterday, Wednesday, prices recorded 145,000 Iraqi dinars for every 100 dollars.

Selling prices also increased in banking shops in local markets in Baghdad, where the selling price reached 146,250 dinars, while the purchasing price reached 144,250 dinars for every 100 dollars.

In Erbil, the dollar also recorded an increase in banking shops, where the selling price reached 144,850 dinars against the dollar, and the purchase price reached 144,750 dinars against 100 dollars.https://www.mawazin.net/Details.aspx?jimare=248872

Planning: The Population Census Will Achieve Fair Distribution Of Wealth Among The Governorates

Economy News – Baghdad   The Ministry of Planning confirmed, on Thursday, that the general census of population and housing will give accurate figures about the size of the real population mass in each governorate, and will achieve fairness in the distribution of wealth among them.

The spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said in a statement reported by the official news agency, and seen by Al-Iqtisad News, that “the general census of population and housing is one of the field foundations for resolving the existing controversy regarding the provinces’ entitlements from the general budget,” explaining that “the census “It will result in a fair distribution of wealth among the governorates, because most of them complain of the limited financial allocations they receive that are not commensurate with their population density.”

Al-Hindawi added, “The estimated and statistical censuses will give accurate numbers about the size of the real population mass in each governorate, and therefore the state ministries will develop their action plans to fulfill the requirements for each governorate to enjoy its right from the general budget, according to the number of its population that will be mentioned in the general census.”

He stressed that "the Ministry is striving to adopt international scientific standards and field methodologies in conducting the census, using modern electronic technologies," expressing his hope that "the accuracy, reliability, and comprehensiveness of the data will reach 90 percent or more." Views 88  Added 05/30/2024 -  https://economy-news.net/content.php?id=43874

The Central Bank Sells More Than $269 Million At Auction Today 

Economy News – Baghdad  Today, Thursday, the Central Bank announced its sales of hard currency, amounting to more than $269 million in today’s transactions, according to the official rate.

The bank's data showed that the total internal cash withdrawals amounted to $19,730,000, while the total amounts of transfers abroad, which include remittances and credits, amounted to $249,569,132, while the total sale amounted to $269,299,132.

Views 57  Added 05/30/2024 - 2:48 PM  https://economy-news.net/content.php?id=43865

 

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

 

Provoking Thoughts and Points To Ponder on Failures and Mistakes

The fearful are caught as often as the bold.- Helen Keller

Inaction, contrary to its reputation for being a refuge, is neither safe nor comfortable.- Madeleine Kunin

They fail, and they alone, who have not striven.- Thomas Bailey Aldrich

You may be disappointed if you fail, but you are doomed if you don't try.- Beverly Sills

It takes as much courage to have tried and failed as it does to have tried and succeeded.- Anne Morrow Lindbergh

Failure is something made only by those who fail to dare, not by those who dare to fail.- Louis Binstock

You don't always win your battles, but it's good to know you fought.- Marjorie Holmes

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

http://famousquotesandauthors.com/quotes_by_topic.html

Read More
Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8

Goldilocks' Comments and Global Economic News Thursday Evening 5-30-24

Goldilocks' Comments and Global Economic News Thursday Evening 5-30-24

Good Evening Dinar Recaps,

"Big Short’ investor Michael Burry just made a multimillion-dollar bet on gold — and dumped tech giants Alphabet and Amazon. 3 ways to add the yellow metal now"

The move from a bull market in stocks has shifted to a bull market run in gold. Since gold is being interfaced inside digital assets that represent our traditional assets, our traditional assets will maintain a steady value even if they go to a lower value. Some will rise in value. These new stock digital values will at least be a solid value, and it will be as good as gold.

Big money is starting to finally pour into gold. Why? Gold has outpaced the S&P 500 with a gain of 11.7% since the beginning of the year. Gold was trading at $2,062 per ounce. Today, it’s at $2,357 per ounce.  This is a 14.3% increase.

Gold deflates an inflated economy. Not only this is going on at this time, but we have BRICS Nations trading in their local currency with the stipulation of joining stating that each country who joins holds gold.

Goldilocks' Comments and Global Economic News Thursday Evening 5-30-24

Good Evening Dinar Recaps,

"Big Short’ investor Michael Burry just made a multimillion-dollar bet on gold — and dumped tech giants Alphabet and Amazon. 3 ways to add the yellow metal now"

The move from a bull market in stocks has shifted to a bull market run in gold. Since gold is being interfaced inside digital assets that represent our traditional assets, our traditional assets will maintain a steady value even if they go to a lower value. Some will rise in value. These new stock digital values will at least be a solid value, and it will be as good as gold.

Big money is starting to finally pour into gold. Why? Gold has outpaced the S&P 500 with a gain of 11.7% since the beginning of the year. Gold was trading at $2,062 per ounce. Today, it’s at $2,357 per ounce.  This is a 14.3% increase.

Gold deflates an inflated economy. Not only this is going on at this time, but we have BRICS Nations trading in their local currency with the stipulation of joining stating that each country who joins holds gold.

To top it all off, the Global Economy is moving into virtual assets that are called "tokenized assets." Each asset contains gold to support its value even the stablecoins which represents a country's currency has to have enough gold to sustain a Level Playing Field price in trade.  MoneyWise   YCharts.

Everything is turning to gold, and gold will set us free.

© Goldilocks

~~~~~~~~~

READ DOC Here:

Thank you Sam for finding the above information for me. I knew it had to be somewhere.

~~~~~~~~~

Everything on the new QFS either relates to gold, or it is backed by a precious metal.

These new digital standard protocols will be the mechanism by which money is moved going forward.

The future of money is in gold. Everything the world touches going forward will be because of a metal asset that enables it to do so.

© Goldilocks

~~~~~~~~~

Status of Banks’ Unrealized Losses in Q1: Worsened after Brief Rate-Cut-Mania Relief | Wolf Street

~~~~~~~~~

New York Stock Exchange to list Bitcoin options -  Ledger Insights - blockchain for enterprise

Bitcoin Announcement:

"Today the New York Stock Exchange (NYSE) said it plans to launch cash-settled spot Bitcoin options with the price tracking the CoinDesk Bitcoin Price Index (XBX), subject to regulatory approval."

~~~~~~~~~

Once our digital assets moving towards regulation and becoming law are complete, the ability to move our "tokenized assets" backed by gold as a tier one asset will bring the banking system and the markets into correlated price patterns.

This will enable us to move forward with the new economy and begin the process of credit valuation adjustments across all sectors of the market including Forex.

© Goldilocks

~~~~~~~~~

The BuyBacks that started yesterday have not turned the markets around. BuyBacks usually reset a market and support a market. So far, it is not working. The next FOMC meeting is June 11th through the 12th. We may be looking at some monetary policy changes. We have to keep our eyes open much wider than before...

~~~~~~~~~

Article (10) of the Anti-Money Laundering and Terrorist Financing Law No. (39) of 2015 and based on the supervisory and supervisory role of this bank, it was decided to oblige the Anti-Money Laundering and Terrorist Financing Department in the electronic payment service providers/processors company to follow up on the movements that take place. On cards (whether prepaid, credit or debit)

https://cbi.iq/news/view/2595

~~~~~~~~~

Meeting with the Minister of Agriculture at ROSL, 2024 | Youtube

~~~~~~~~~

Comparing the IQD to the VND Iraqi News IQD VND HTG Rates | Youtube

~~~~~~~~~

THE WORLD ECONOMY IS COLLAPSING FASTER... AND SOCIETY IS BEING "DECONSTRUCTED." Mannarino | Youtube

~~~~~~~~~

Trading Halt | Investopedia

Market Announcement:

A delay in ticker reporting was announced about an hour ago. This delay is expected to be over 2 hours.

This does not make sense to me as a trader. Something is not right. Why would anyone buy in a stock market whereby the buy/sell indicators were delayed?

This is very dangerous.

"Trading can be halted in anticipation of a news announcement, to correct an order imbalance, as a result of a technical glitch, due to regulatory concerns or because the price of the security or an index has moved rapidly enough to trigger a halt based on exchange rules."

~~~~~~~~~

It looks like I have the rest of the day off.

~~~~~~~~~

All Time High Asset Prices | Youtube

~~~~~~~~~

Ripple submits a letter to Judge Torres:

1 & 2

~~~~~~~~~

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline 

Goldilocks' Telegram Room

Q & A Telegram Room

Goldilocks on the Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

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