Iraqi News Highlights and Points To Ponder Thursday Evening 6-6-24

Iraqi News Highlights and Points To Ponder Thursday Evening 6-6-24

Kurdish MP: The Region’s Share In The Budget Is Fair And We Are Happy To See It Passed

Policy  Al-Sumaria News – Politics   The representative of the Kurdistan Democratic Party bloc, Sharif Suleiman, described today, Thursday, the Kurdistan region’s share in the federal budget as “fair,” indicating that prior political agreements decided its passage.

Suleiman said in an interview with:  Alsumaria News  “The political agreement that occurred between the governments of the center and the region is the basis for agreeing on the region’s share of the budget amounting to 12.67%,” adding, “We are happy that there were no bidding or arguments regarding voting on the budget tables and the region’s share in them.”

He added, "The region's share in the budget tables is fair and not bad in light of the reality it is experiencing."Iraq", indicating, "We hope that the budget will be implemented in the correct manner agreed upon and that it will not be subject to political quarrels and bidding or be used as a pressure card."  LINK

An Economist Reveals The Positive Side Of The Budget

Economy   Information / Baghdad..   Today, Thursday, economic expert Dargham Muhammad Ali revealed the positives of the current year’s budget, which was approved by the House of Representatives a few days ago.

Follow the “Al-Ma’louma” channel on Telegram.. News that does not require documentation..

Ali told Al-Maalouma: “The criticisms raised about the budget are normal, but most of them are based on bias towards the governorates, or perhaps for electoral goals sometimes.”

He added, "The real face of the budget has many positives, including that it is different from previous budgets, as it represented the highest investment ceiling among previous budgets."

He pointed out, "Allocating financial benefits for the development road project, supporting the private industrial sector, and supporting many infrastructure projects that will contribute in one way or another to activating various economic activities that will benefit in the near future."

He continued: “The government’s adoption, for the first time, of the principle of diversifying the distribution of projects between the local administrations of the governorates and between the ministries, will reflect positively on the implementation of projects by creating an atmosphere of competition between the ministries and governorates, especially since the government granted the implementation of the ministries’ projects directly.”

He continued, "The budget was based on distributing the governorates' funds according to deprivation and not on the basis of the proportion of the population, and this will establish the basis for revitalizing the economy of the governorates that suffer from a lack of services and others." Ended / LINK

Abdel Wahid: The Region’s Budget Allocations Do Not Fit Its Reality, And The Smuggled Funds Are No Longer Mere “Frauds.”

Time: 06/05/2024 Read: 2,548 times  {Politics: Al-Furat News} The head of the New Generation Parliamentary Bloc, Sarwa Abdel Wahed, said that the region’s budget allocations do not fit its reality, while she believes that the smuggled funds that have returned are mere “fraud”.

Abdel Wahed said, during her hosting of the program {Free Speech} broadcast by Al-Furat satellite channel this evening, that: “

We voted as a new generation on the 2024 budget tables and we had observations regarding the region’s share on the basis of 3 governorates and not 4 {Sulaymaniyah, Dohuk, Erbil and Halabja}.”

- There is an article in the law that obligates the House of Representatives to vote on the budget without discussing it.

- The Kurdistan region’s budget allocations are not proportionate to the size of the region’s reality, but they are good for covering the salaries of the region’s employees.

- We are in favor of improving the governorates’ budgets, especially in Basra Governorate. 

- Not all objections are based on schedules The budget is in good shape, but there are those who want to exploit this situation.

- Some politicians defend the contracts of the region’s governorates for personal gain.

- The issue of appeals against the budget is natural, and the judiciary is the one who determines whether it is valid or not.

- We communicate our objection to all Shiite and Sunni leaders, and we are not responsible for the mistakes of others -

The Chairman of the Parliamentary Finance Committee did not attend the voting session on the budget schedules due to the lack of allocations for some governorates.

- The central and regional governments bear the responsibility of delaying the payment of employees’ salaries as well as the resettlement. 

- The current session of the House of Representatives is devoid of commitment to attending the sessions and their effectiveness and activity in legislating laws as a result of many problems and lack The harmony of the parties and the absence of Muhammad Al-Halbousi did not change the reality of Parliament.

The problem of resolving the position of Speaker of Parliament can be solved through settlement, as happened with the President of the Republic, in one session.

- What is returned to the state’s treasury of smuggled funds is merely “bankruptcy” relative to what was stolen, and no Iraqi institution has the right to withhold information from representatives, and the current session is witnessing a significant reduction in the follow-up of corruption files.

Prime Minister Muhammad Shiaa Al-Sudani is an honest person and he should be given a deadline to complete his work.

We transferred two documents containing suspicions of corruption related to Samarra medicines and the Ministry of Education to the Federal Integrity Commission and are awaiting investigations. Wafaa Al-Fatlawi  LINK

Economic Warning From The Basra-Aqaba Pipeline.. How Much Is Its Value?

Economy News – Baghdad  Today, Thursday, the economic expert, Hamza Al-Jawahiri, warned against the Basra-Aqaba oil pipeline project, and in what he described as a “Trojan horse” for normalization with Israel, he pointed to the value of its total cost.

Al-Jawahiri said, in an interview with Al-Iqtisad News, that “the Iraqi government is under intense pressure from America to implement the Basra-Aqaba oil pipeline project,” noting that “MPs must have a role in stopping the project because it represents the cornerstone of the so-called deal of the century.” In which the project will be a Trojan horse for normalization with Israel, which the people completely reject.”

He added, "The Basra-Aqaba oil pipeline and its annexes are projects that cost Iraq $28 billion and include the cost of building the line and Mustafa Oil to be established in Aqaba, along with a line that goes to Egypt to supply it with oil, in addition to building a port in Aqaba for export. All costs are borne by Iraq."

He pointed out, "Iraq bears all kinds of cruelty, especially since the line passes through Wadi Houran, which is considered a safe haven for ten thousand ISIS fighters," noting that "Iraq transports through it to Jordan 150,000 barrels of oil and 150,000 barrels to the refinery in Aqaba and a quantity of oil."

More than 300 thousand barrels per day to Egypt and Israel, while the line does not transport more than one million barrels to Jordan, meaning that Iraq will only export 400 thousand barrels per day to the world.

Al-Jawahiri stressed, “All the costs of building the line are paid by Iraq, as are the costs of operating the line, and it bears the cost of the oil’s passage through Jordan at the rate of two dollars and seventy cents per barrel.”

The economic expert stated, “When the oil is transported from the port of Aqaba, it will be in waters completely controlled by Israel, and if the latter creates any problem to impose normalization on Iraq, it will be forced to submit to its will, and thus the line will be a Trojan horse for normalization with the latter.” 06/06/2024 - https://economy-news.net/content.php?id=44066

Provoking Thoughts and Points To Ponder On Adversity:

Weeping may endure for a night, but joy cometh in the morning.  - Bible

Night brings our troubles to the light rather than banishes them. - Seneca

Too much happens ... Man performs, engenders so much more than he can or should have to bear. That's how he finds that he can bear anything.  - William Faulkner

A great man does not lose his self-possession when he is afflicted; the ocean is not made muddy by the falling in of its banks.  - Panchatantra

There are three modes of bearing the ills of life: by indifference, by philosophy and by religion. - Charles Caleb Colton

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

http://famousquotesandauthors.com/quotes_by_topic.html

Goldilocks' Comments and Global Economic News Thursday Afternoon 6-6-24

Goldilocks' Comments and Global Economic News Thursday Afternoon 6-6-24

Good Evening Dinar Recaps,

Digital Currency Project Announcement:

Saudi Arabia joins China and UAE in digital currency project. The kingdom is joining the Switzerland-based Bank for International Settlements' central bank digital currency platform."

Saudi Arabia is the latest country to join this multi-country initiative utilizing wCBDC as a form of payment.

This announcement came on Wednesday as Saudi Arabia joined Project mBridge as a “full participant.” This means that Saudi Arabia will be moving to a wCBDC payment regimen joining many countries in the Eastern half of our world in payments through local currencies.

This will significantly minimize the use of the Petro Dollar if not completely over time. Currently, Saudi Arabia still services the United States along with China who uses the Petro Yuan to trade in oil agreements.

This will level the playing field a great deal in the use of currencies moving from a Petro Dollar regimen to wCBDC payment source. Remember, well over 80% of trade around the world is done on the water where exchange rate quotas and percentages are currently under pressure from new demands on local currencies to begin looking at resetting their prices.  Al-Monitor   State Gov

WATCH THE WATER.

© Goldilocks  

👆  Goldilocks pointed to this article

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The word is on the street and in the back rooms of the trading markets that the US may not lower interest rates until just before the election. We will see if we can wait that long.

The surrounding countries we trade with will put significant pressure on the dollar if we do not make this monetary policy change ourselves. It is important to note that these recent changes may not be permanent anyway, but it will give some breathing room for countries who need an opportunity to gather in more loans as we approach a Gold Standard Regimen.

Holding interest rates at higher levels will strengthen currencies as we approach a Gold Standard support system. Many countries are already making this shift into gold gradually, but the pace may soon pick up.

When you combine strong technical fundamentals with a real value through gold, it creates new movement in the opposite direction we are going at the present time.

Unless things change for the European Union, they are still planning on going to a Gold Standard Protocol January 1st, 2025. Countries will begin following suit in the process between now and then in preparing their countries for this change.

Gold will set us free!

© Goldilocks

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Silver Technical Scoop: Precious Benefit, Market Divergences | SilverSeek

Gold and silver have been taking a divergent path as of late, and it may do so until the end of July. This is normal, but the timing of this is impeccable.

A great deal of attention will be placed on transitioning this economy into digital assets. Gold and silver will have competitive asset classes to draw from these next two months, but they will merge together as the year goes on complimenting one another.

The merging of the traditional economy into a gold standard protocol through digital assets is the next move. Look for credit valuation judgments along the way to form new patterns of behavior on Market structures as they correlate their prices into a real value.

© Goldilocks

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ISO 20022 in bytes for payments: Supporting your CBPR+ readiness | Swift

Swift Announcement:

"The community continues to make steady progress with Global ISO 20022 adoption and with only 18 months to go until the end of coexistence, the daily average number of CBPR+ messages exchanged now exceeds one million.

At its March 2024 meeting, the Swift Board re-confirmed the community’s commitment to November 2025 as the end of the MT/ISO 20022 cross-border coexistence period, emphasizing that priority should be given to instruction messages to ensure operational continuity and ongoing interoperability."

This gives us ISO 20022 coverage through the Swift System until November 2025 when the Swift System gives way to the new digital messaging system.

Countries seeking to join the ISO 20022 messaging system have until November of 2025 to do so. Until then, Swift is extending itself as a bridge for countries needing to make this transition.

This does not mean that the transition of the new banking system has to wait until November 2025. It just means that the banking messaging system will be able to go ahead and transition as we wait for this date.

© Goldilocks

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Israel advances digital shekel initiative with new innovation challenge | Crypto Reporter

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Interest rates are likely headed down, at least in Europe | AP News

European Central Bank Announcement:

FRANKFURT, Germany (AP) — The European Central Bank cut its key interest rate Thursday by a quarter point, moving ahead of the U.S. Federal Reserve as central banks around the world lean toward lowering borrowing costs - a shift with far-reaching consequences for home buyers, savers and investors.

The ECB cut its benchmark rate to 3.75% from a record high of 4% at a meeting of the bank’s 26-member rate-setting council in Frankfurt.

The ECB said in a statement that “price pressures have weakened, and inflation expectations have declined at all horizons,” allowing it to start loosening credit.

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Bank of Canada cuts key interest rate to 4.75% | CBC News

The Bank of Canada announcement:

The Bank of Canada has lowered its key interest rate to 4.75 percent, marking the bank's first rate cut since March 2020.
Bank governor Tiff Macklem said in opening remarks that the bank's monetary policy no longer needs to be as restrictive.

"We've come a long way in the fight against inflation. And our confidence that inflation will continue to move closer to the two percent target has increased over recent months," Macklem said.

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SBV vows to fight Vietnam's goldization | SGGP English Edition

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Temenos and Mastercard join forces to expand cross-border payment capabilities through Mastercard Move | Morningstar

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The Unitas Protocol for emerging market currency stablecoin | Ledger Insights

Emerging Market Stablecoin Announcement:

Tether recently announced its funding of XREX, which targets emerging market trade payments. This spotlighted the Unitas Protocol for emerging market currency stablecoins, co-founded by Wayne Huang, XREX’s CEO.

Today stablecoins are dominated by dollars. It can be useful for SMEs to pay with local currencies as well. Hence, the aim is to provide stablecoins that match the unit of account in emerging economies.

The Unitas Protocol involves the issuance of individual currency stablecoins that are over-collateralized by US dollar stablecoins, a little reminiscent of MakerDAO’s DAI, but with some major differences.

While most fiat currency stablecoins are redeemable for the same currency, the Unitas Protocol aims to back emerging market currencies with US dollar stablecoins.

Provided Unitas gains traction, cryptocurrency exchanges will act as on- and off-ramps. Hence, even though a Unitas currency is redeemable for dollars, users may choose to exchange Unitas currencies directly for local currencies without necessarily needing to go the US dollar route. 

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Project mBridge reaches minimum viable product stage and invites further international participation | BIS

Private sector participants are invited to propose value-added solutions that can be connected to the mBridge MVP platform. 

More central banks and commercial banks can join the platform through the mBridge MVP legal framework and perform real transactions on it.

Project expands international cooperation with a new full member and observers.

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More details on Project Agorá—the plan to tokenize correspondent banking | CoinGeek

In April, the Bank for International Settlements (BIS) announced Project Agorá, a project in which seven central banks aim to transform cross-border payments via tokenization.

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Turning trash into a golden opportunity. | Youtube

👆 In the future, when someone says your house is a dump, there may be some truth to it. 😂

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Comparing IMF Economic Report to Iraq's Actual Plans | Youtube

👆  Goldilocks pointed to this video

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This report is showing us that the markets are contracting. | Youtube

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Iraq Economic News and Points To Ponder Thursday Afternoon 6-6-24

Iraq Economic News and Points To Ponder Thursday Afternoon 6-6-24

Plasschaert's Replacement Raises Controversy.. Who Is He?

Political |  06/06/2024  Baghdad - Mawazine News  Arab reports revealed today, Thursday, that the United Nations has nominated the permanent representative of the Sultanate of Oman, Mohammed bin Awad, to fill the position of head of the UN mission in Iraq.

This comes after the UN Security Council unanimously approved ending the United Nations political mission in Iraq, and ending the duties of the head of the mission in Iraq, Jeanine Plasschaert.

A report by the Emirati network Eram, followed by Mawazine News, said, “There are some unnamed political parties that had reservations about the candidate, Muhammad bin Awad, and demanded that the United Nations bring in a foreign, non-Arab person for this position,” without disclosing the reasons for the rejection.

The Iraqi government had asked the Council, in a letter dated May 8, to end the mission of the United Nations Mission in Iraq at the latest by the end of 2025.

According to this request, the UN Security Council voted unanimously, last Friday, to end the United Nations mission in Iraq, which was established In 2003, which aimed to coordinate humanitarian efforts and post-war reconstruction efforts.

According to the resolution, the United Nations extended the mandate of the United Nations Assistance Mission for Iraq (UNAMI) for 19 months until December 31, 2025, and then developed a “transition and liquidation plan” in consultation with the Iraqi government to transfer its tasks and withdraw employees and assets.   https://www.mawazin.net/Details.aspx?jimare=249264

Despite Its Rise Internationally... Basra Oil Prices Fell

Economy | 02:46 - 06/06/2024  The prices of Basra Heavy and Medium Crude oil fell on Thursday, despite the rise witnessed in the international market.

Basra Heavy crude prices fell by 36 cents to reach $76.08, and Basra Medium crude prices fell by 36 cents to reach $79.03, according to economic media.

Global oil prices rose amid growing expectations that the Federal Reserve (the US central bank) will cut interest rates next September, despite curbing prices against the backdrop of rising US inventories and the OPEC+ alliance’s plan to increase supplies.  https://www.mawazin.net/Details.aspx?jimare=249262

The Central Bank Sells More Than $275 Million At Auction Today

Economy | 01:54 - 06/06/2024  Baghdad - Mawazine News  The Iraqi Bank’s dollar sales amounted to more than 275 million dollars today, Thursday, in the currency auction.

In its auction today, the bank sold 275 million and 66 thousand and 650 dollars, which it covered at a base exchange rate of 1,310 dinars per dollar for documentary credits and international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,305 dinars per dollar in cash.

Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 253 million 556 thousand and 650 dollars, an increase of 92% over cash sales amounting to 21 million 510 thousand dollars.   https://www.mawazin.net/Details.aspx?jimare=249254

Dollar Prices Are Rising In Local Markets

Economy | - 06/06/2024   The dollar exchange rates rose today, Thursday, in the local markets in the capital, Baghdad.

Prices rose with the opening of the Al-Kifah and Al-Harithiya stock exchanges to record 145,750 Iraqi dinars for every 100 dollars, while yesterday, Wednesday, prices recorded 145,500 dinars for every 100 dollars.

While selling prices in banking shops in local markets in Baghdad rose, the selling price reached 146,750 dinars, while the purchasing price reached 144,750 dinars for every 100 dollars. https://www.mawazin.net/Details.aspx?jimare=249256

It Includes 4 Stages.. The Ministry Of Interior Determines The Impact Of Digital Transformation On Citizens

money and business  Economy News – Baghdad  The Ministry of Interior announced today, Thursday, that managing the digital transformation file includes 4 stages, while indicating that digital transformation has reduced the burden on citizens and removed the similarity of names to controls.

Director of the Information Systems Directorate in the Ministry, Thamer Al-Amiri, said: “Managing the digital transformation file in the Ministry of Interior includes several stages, building the ministry’s own systems and managing strategic projects, including the passport project and the visa project, as well as the electronic gates at airports as well as the digital data center.”

He explained, "These projects led to reducing the burden on the citizen and removing the similarity of names in the detention centers, as a special system was launched to investigate and measure the efficiency of implementing arrest warrants at the state level."

He added, "We contributed to tracking the crime, by quickly sharing information between the security services and providing communications to facilitate the tracking of terrorism, as well as the presence of cameras and the preparation of special studies in this regard." 120 views  Added 06/06/2024 - https://economy-news.net/content.php?id=44078

Canadian Foreign Ministry: We Will Reduce Our Diplomatic Presence In Iraq In 2025

Thursday 06, June 2024 20:13 | Political Number of readings: 107  Baghdad / NINA / The Canadian Ministry of Foreign Affairs announced its intention to reduce its diplomatic presence in Iraq, after the end of its country’s strategy to confront the threat of ISIS in the coming year.

A Canadian Foreign Ministry spokesperson told the Kurdish media network Rudaw: “Canada’s Middle East strategy, which was originally created to confront the direct threat posed by ISIS in Iraq and Syria, and its effects on neighboring countries Lebanon and Jordan, will end in March 2025.”

The spokesman added, "When the strategy ends, Canada's diplomatic presence in Jordan and Iraq will be reduced, and our office in Erbil in the Kurdistan region will be closed."

He stressed that Canadian embassy officials in Iraq will “actively” maintain regular communication with officials and people in the Kurdistan region.

A Canadian Foreign Ministry spokesman explained that these changes are consistent with the process of refocusing government spending, indicating that in the 2023 budget, the Canadian government committed to reducing spending by $14.1 billion over the next five years, starting from 2023-2024.

Canada is a member of the US-led international coalition against ISIS, which was formed in 2014 after the organization took control of large areas of Syrian and Iraqi territory./End 9 https://ninanews.com/Website/News/Details?key=1131079

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

Provoking Thoughts and Points To Ponder On Adversity:

Weeping may endure for a night, but joy cometh in the morning.  - Bible

Night brings our troubles to the light rather than banishes them. - Seneca

Too much happens ... Man performs, engenders so much more than he can or should have to bear. That's how he finds that he can bear anything.  - William Faulkner

A great man does not lose his self-possession when he is afflicted; the ocean is not made muddy by the falling in of its banks.  - Panchatantra

I've had an unhappy life, thank God.  - Russell Baker

Do not show your wounded finger, for everything will knock up against it.  - Baltasar Gracian

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

http://famousquotesandauthors.com/quotes_by_topic.html  

Some “BRIC’s News” Thursday 6-6-2024

Breaking! 97 Countries Coming To Attend BRICS 2024 In Russia!

We Love Africa:  6-5-2024

97 Countries Prepare To Attend BRICS 2024 in June in Russia

A total of 97 countries have confirmed their presence in the BRICS 2024 Games in June this month. The event will be hosted by Russian President Vladimir Putin in the Kazan region between June 12 to 24.

“97 countries had already confirmed their participation,” said Russia’s Prime Minister Dmitry Chernyshenko. The minister added that the BRICS 2024 Games are an integral part of the development of the country.

“The BRICS Games 2024, which were ordered to be organized following the decree of the Russian President Vladimir Putin, are an important part of our country’s chairmanship in this organization,” he said.

He added that all eyes will be on the BRICS Games in 2024. “The upcoming tournament must be organized at the highest possible level,” he said. The sporting event will host 20 different sports with 97 countries participating in Russia.

Apart from the 97 countries that are participating in the BRICS Games 2024, more than 40 nations are also looking to join the alliance.

 In 2024 alone, seven new countries have expressed their interest and submitted formal applications to enter the bloc.

The 16th BRICS summit will also be held in Russia’s Kazan region in October this year. The alliance will decide on the prospects of the applications in the upcoming BRICS summit.

All decisions will be taken on a consensus basis after weighing the pros and cons of a particular application.

 BRICS is the only bloc that is looking to end reliance on the US dollar and push local currencies for cross-border transactions.

https://www.youtube.com/watch?v=29_95n4Xfeg

BRICS IS EXPANDING: Turkey, a NATO Member, Announces Plans to Join BRICS Bloc in 2024

Lena Petrova:  6-5-2024

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

“Tidbits From TNT” Thursday 6-6-2024

TNT:

CandyKisses: Land Acquired for $1.5bn Baghdad Golf Development

Arabian Business reports that Abu Dhabi-based property developer Eagle Hills has bought land in Baghdad for a $1.5-billion golf real estate project.

It says the Baghdad Golf Course and Spa will feature a world-class golf course, high-end residential neighbourhoods, a five-star hotel, and an exclusive resort club.

Eagle Hills was founded by Mohamed Alabbar, who also founded Emaar Properties, which developed projects such as the Burj Khalifa and the Dubai Mall.

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CandyKisses: Will employees' salaries be released before Eid al-Adha?

Baghdad Today - Baghdad

An official source in the Iraqi Ministry of Finance revealed today, Wednesday (June 5, 2024), the possibility of distributing the salaries of employees before Eid al-Adha.

The source told "Baghdad Today" that "there is no trend so far regarding the distribution of salaries of Iraqi state employees before Eid al-Adha, corresponding to (16) June."

He added that "the salaries of employees as well as retirees will be paid during the current month, on their normal date without any submission to do so, so there is no decision to do so by the Prime Minister or the Minister of Finance."

The Iraqi government was often accustomed to paying the salaries of state employees before the holidays if the holidays coincided with the last days of the month, or if the date of payment of salaries coincided in the middle of the holidays, which prompted the government to pay salaries a day or two before their date.

However, Eid al-Adha will start between 16 and 17 and end between 19 and 20, and the official working hours begin on Sunday, June 23, before the official salary date.

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CandyKisses:  Iraqi-Saudi-Kuwaiti discussions in Riyadh

Shafaq News/ The Saudi capital hosted discussions that brought together Saudi Foreign Minister Prince Faisal bin Farhan, Iraqi Fuad Hussein, and Kuwaiti Abdullah Ali Al-Yahya.

The Saudi Foreign Ministry stated in a statement on the “X” platform that during the discussions, “ways were discussed to enhance and develop aspects of cooperation in many fields,” and “the ministers also touched on the importance of intensifying bilateral and multilateral coordination on issues of common interest.”

The meeting comes days after Prince Faisal bin Farhan met with Abdullah Al-Yahya in Kuwait, last Sunday, and issued an announcement about the outcomes of the second meeting of the Saudi-Kuwaiti Coordination Council.

The announcement said at the time that the two sides stressed “the importance of cooperation in the political fields and joint coordination at all bilateral, regional and international levels, and the crystallization of positions in a way that serves the common interests of the two sides, and in a way that brings security and stability to the two countries, their peoples, and the peoples of the region,” according to the Saudi Press Agency (SPA).

The last meeting between the Saudi Foreign Minister and his Iraqi counterpart was in the Chinese capital, Beijing, at the end of last May.

During the Beijing meeting, “ways to strengthen and develop relations in various fields were reviewed, in addition to discussing the latest developments in issues on the regional and international arenas, most notably the developments in the Gaza Strip and its surroundings and the efforts made in this regard,” according to SPA.

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CandyKisses: President Rashid: Iran is a very important neighbor of Iraq and our relationship with it is good and strong

Baghdad Today - Baghdad

On Thursday (June 6, 2024), the President of the Republic, Abdul Latif Jamal Rashid, promised the Republic of Iran that it is a very important neighbor of Iraq, while noting that Iraq's relationship with it is good and strong.

Rashid said in a television interview followed by "Baghdad Today," that "Iraq has witnessed a remarkable transformation since the end of the hot phase of violence and terrorism," noting that "the country is currently witnessing security stability, peace and security in Iraq has become a reality now."

"The international community has a duty to exert more pressure to recognize the right of Palestinians to self-determination." , stressing "the need to stop the genocide committed every day against the Palestinian people."

He pointed out that "the relationship between the federal government and the Kurdistan Regional Government is full cooperation."

"Iran is a very important neighbor of Iraq and our relationship with it is good and strong and is being developed continuously in various fields," he said.

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Mot: Can YOu Believe its only ~~~

Mot: . Just Saying Ya Knows!!! Barbeque

Iraq Economic News and Points To Ponder Late Wednesday Evening 6-5-24

Iraq Economic News and Points To Ponder Late Wednesday Evening  6-5-24

Fintech In Iraq: How Is Iraq Reshaping Its Financial Future?

Time: 06/05/2024 Read: 1,248 times  {Economic: Al-Furat News} Financial technology (FinTech) has become a major driver of innovation in the global banking sector, providing innovative solutions to facilitate financial services and increase their efficiency.

In Iraq, banks have begun to adopt these technologies, which has contributed to improving customer experience and expanding the scope of financial services provided. The Iraqi Deposit Insurance Company plays an important role in supporting this trend, as it is a pillar of financial stability, by encouraging banks to adopt financial technology and providing a regulatory environment supportive of innovation.

Financial technology has demonstrated its ability to enhance financial inclusion in Iraq, as it can provide affordable and accessible financial services to wide segments of society, especially in remote and rural areas.

Through mobile applications and online banking, individuals and businesses can access a variety of financial services, such as money transfers, paying bills, and obtaining loans, without having to visit bank branches.

The Iraqi Deposit Insurance Company is working to enhance the use of financial technology in Iraq, through cooperation with banks and financial technology companies to develop innovative solutions that meet the needs of the Iraqi market. The company is also working to provide the necessary regulatory framework to ensure the security and safety of digital financial services, and to protect consumer rights.  LINK

Dollar Prices Decline In Baghdad

Economy |  06/05/2024   The dollar exchange rates decreased today, Wednesday, in the markets of the capital, Baghdad.

Dollar prices fell with the opening of the Al-Kifah and Al-Harithiya stock exchanges to record 145,500 Iraqi dinars for every 100 dollars, while yesterday, Tuesday, prices recorded 145,850 dinars for every 100 dollars.

While selling prices also decreased in banking shops in local markets in Baghdad, as the selling price reached 146,500 dinars, while the purchasing price reached 144,500 dinars for every 100 dollars. https://www.mawazin.net/Details.aspx?jimare=249179

Oil Prices Continue To Decline Amid The Increase In US Crude And Fuel

Energy  Economy News _ Baghdad  Oil prices extended losses in early Asian trading on Wednesday, after a report showed an increase in US crude and fuel inventories, raising concerns about demand growth.

Brent crude futures fell 14 cents, or 0.2 percent, to $77.38 per barrel by 0005 GMT. US West Texas Intermediate crude futures also fell 18 cents, or 0.3 percent, to $73.07 per barrel.

Both contracts fell about a dollar in yesterday's session on Tuesday and about three dollars a barrel on Monday, under pressure from the OPEC+ coalition announcing plans to increase supplies starting in October, despite recent indications of weak demand growth.

Data from the American Petroleum Institute showed that stocks of crude oil, gasoline and distillates in the United States rose last week. High inventories are usually a sign that supplies are exceeding demand.

Figures from the American Petroleum Institute showed that crude inventories rose by more than four million barrels in the week ending May 31, compared to analysts’ expectations of a decline of 2.3 million barrels in a Reuters poll.

Gasoline stocks also rose by more than four million barrels, which is much more than the two million barrel increase that analysts expected.

The US Energy Information Administration will publish official inventory data on Wednesday at 14:30 GMT.  Views 105 06/05/2024 - https://economy-news.net/content.php?id=44028

Iraq's Foreign Loans Decreased To $9 Billion

Economy | 03:15 - 06/05/2024  Baghdad - Mawazine News  The Iraqi government announced, today, Wednesday, that the value of foreign loans to Iraq decreased to about 9 billion dollars, after canceling about 31 loans from 2003 until the end of last year 2023.

The technical advisor to the Prime Minister, Muhammad Sahib Al-Daraji, said on the sidelines of an economic forum He resides in Baghdad and was followed by Mawazine News.

He said, “A specialized committee has been formed to reveal the amounts borrowed by Iraq from 2003 to the end of 2023, and to track the fate of this money and the projects that were completed thanks to these loans, and which are still under completion, and what are the faltering projects among them?” ".

He added, "Iraq was able to cancel about 31 external loans, leaving those loans worth 8 billion and 900 million dollars remaining," explaining that "these efforts aim to enhance transparency and monitor public spending, and ensure that loans are directed towards vital projects that contribute to developing the infrastructure." Infrastructure and basic services in the country.

He stressed that "the committee will continue its work to follow up on the use of the borrowed funds and ensure that the desired goals are achieved." https://www.mawazin.net/Details.aspx?jimare=249201

Central Bank Sales Exceed $272 Million Today

Wednesday 05, June 2024 14:49 | Economical Number of readings: 210

Baghdad / NINA / The Central Bank of Iraq announced, today, Wednesday, its total sales of foreign currency through the electronic window.

The window recorded the total amounts of transfers abroad (remittances, credits) at $249,648,467, while the total amount of cash sales amounted to $22,830,000, and the total amount of sales amounted to $272,478,467.

The cash sale price was set at 1,305 dinars to the dollar, while the bond credits, international settlements for the electronic card, and foreign transfers were set at 1,310 dinars to the dollar. / https://ninanews.com/Website/News/Details?key=1130820

Al-Sudani sponsors the signing of a cooperation agreement between the Trade Bank of Iraq (TBI) and the German Export Credit Corporation

Wednesday 05, June 2024 11:33 | Economical Number of readings: 521

Baghdad / NINA / Prime Minister Muhammad Shiaa Al-Sudani sponsored the signing of a cooperation agreement between the Trade Bank of Iraq (TBI) and the German Export Credit Corporation, to finance private sector development projects within the government’s sovereign guarantees initiative./End 9 https://ninanews.com/Website/News/Details?key=1130785

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

Provoking Thoughts and Points To Ponder On Adversity:

An earthquake achieves what the law promises but does not in practice maintain - the equality of all men. - Ignazio Silone

I don't deserve this award, but I have arthritis and I don't deserve that either. - Jack Benny

I have an inward treasure born within me, which can keep me alive if all the extraneous delights should be withheld; or offered only at a price I cannot afford. - Charlotte Bronte

Nothing is more desirable than to be released from an affliction, but nothing is more frightening than to be divested of a crutch. - James Baldwin

People don't ever seem to realize that doing what's right is no guarantee against misfortune. - William McFee

The struggle to the top is in itself enough to fulfill the human heart. Sisyphus should be regarded as happy.  - Albert Camus

There are three modes of bearing the ills of life: by indifference, by philosophy and by religion. - Charles Caleb Colton

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

http://famousquotesandauthors.com/quotes_by_topic.html

Goldilocks' Comments and Global Economic News Wednesday Evening 6-5-24

Goldilocks' Comments and Global Economic News Wednesday Evening 6-5-24

Good evening Dinar Recaps,

NEW YORK, N.Y. — "The Commodity Futures Trading Commission’s Global Markets Advisory Committee (GMAC), sponsored by CFTC Commissioner Caroline D. Pham, advanced two recommendations to examine the impacts of proposed U.S. bank capital requirements and to improve collateral and liquidity management for non-centrally cleared derivatives." | CFTC

Recommendations:

1. Global Market Structure Subcommittee Recommendation – "Report on the Impact of the US Bank Capital Proposals on End-Users that Rely on Cleared Derivatives Markets"

This first recommendation deals with Capital Requirements and corresponding collateral that is put up to ensure that both sides of a trade moves through the system.

In many cases, this will represent gold for large transactions inside of large foreign currency exchanges.

The London Clearing House and the Chicago Mercantile Exchange are two examples of Clearing Houses that will process our transactions.

2. Technical Issues Subcommittee   Recommendation – "Variation Margin Processes in Non-Centrally Cleared Markets"

Non-centrally cleared markets happen in markets where transactions are moved through the system without the involvement of a central counterparty or custodian.

Examples of non-centrally cleared markets include:

* Non-centrally cleared bilateral repo (NCCBR) market

This concept deals with credit given on both sides of a trade to execute the process allowing a trade to go forward.

* Non-centrally cleared derivatives (NCCDs)

And, this concept deals with clearing derivative product details such as interest rates, foreign exchange trades, credit, commodity, and Equity trades.

On the new Digital Asset Based Trading System, Smart Derivative Contract Clearing can now be done through digital mechanisms capable of processing these informational data points at the touch of a button.

Here, we have Gold and Technology merging into synchronized partnerships designed to clear a market transaction or a banking portfolio with a few strokes of a keyboard.   CFTC

© Goldilocks

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Instant Cross-Border Payments Announcement:

"The BIS unveiled Project Rialto (https://www.bis.org/about/bisih/topics/cbdc/rialto.htm) a new foreign exchange (FX) module looking to improve FX settlement for instant cross border payments. It will use wholesale central bank digital currencies (wholesale CBDC) as the settlement asset. The FX module could be used as an add on for solutions that interlink instant payment solutions, such as Project Nexus, or as part of a digital asset settlement solution."

Wholesale CBDC will be utilized in foreign currency exchanges. I know many of you will have a question about this procedure, so I looked into it a little bit further to give you the following sentence. Once your funds reach your personal banking account, it does not transition into Retail CBDC.

A retail CBDC is for general public use, and wholesale CBDC is for the banking system to utilize. It remains to be seen at what level we will see a retail CBDC if at all. If retail CBDC is adopted, the public has made it known that the government is going to have to continue working on the privacy issue. Time will tell on this one.   BIS   Ledger Insights   World Economic Forum

© Goldilocks

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Deutsche Bank has joined the Monetary Authority of Singapore’s (MAS) Project Guardian (as part of the asset and wealth management workstream). The collaborative initiative is dedicated to testing the feasibility of asset tokenization applications in regulated financial markets. | The Tokenizer

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Tokenized Exotic RWAs Are Piquing Investor Interest | Forbes

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The U.S. Faster Payments Council (FPC) has recognized Ripple among companies like Visa and Mastercard set to compete for dominance in currency conversion for digital assets. | The Crypto To Basic

~~~~~~~~~

France’s prudential regulator advances work on certification of smart contracts | Ledger Insights

As part of a speech (https://www.banque-france.fr/en/governors-interventions/future-money-regulatory-and-policy-issues-related-introduction-cbdcs) earlier this week, the First Deputy Governor of the Banque de France (https://www.banque-france.fr/), Denis Beau, revealed that the ACPR is working with the industry to certify smart contracts. The Autorité de Contrôle Prudentiel et de Résolution, ACPR, is the prudential regulatory arm of the central bank.

“Work is continuing in 2024 with stakeholders on one of the ACPR’s key proposals, namely the mandatory certification of smart contracts prior to their use,” he said. Mr Beau noted that early French crypto-asset regulations had heavily influenced the MiCA regulations.

Last April the ACPR shared some proposals on the possibility of regulating DeFi. They fell into three buckets:
* Security standards for private DLTs and public blockchains
* Certifying smart contracts
* Regulating DeFi entry points such as websites.

~~~~~~~~~

Can Ripple take over SWIFT? While Ripple might have the potential to take over SWIFT, it is also possible that SWIFT might leverage its considerable resources and reputation and pivot its services to include blockchain technology in some format. | Daily Coin

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Bretton Woods 3 - New World Monetary Order | Youtube 

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5 yr projections | US Debt Clock

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"Tokenization can leverage the efficiency and transparency of blockchains to help modernize U.S. markets." | Twitter

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UAE Central Bank Approves Stablecoin Licensing – CryptoMode

~~~~~~~~~

“Iraq to Start Mining Bitcoin with UAE on Nation-State Level” | Youtube

~~~~~~~~~

Follow Goldilocks' Roadmap

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“Tidbits From TNT” Wednesday Morning 6-5-2024

TNT:

Tishwash:  Angry demonstrators storm an American company in Baghdad

On Tuesday, angry demonstrators stormed the building of an American company in Baghdad.
A security source told Mawazine News, "Angry demonstrators stormed the building of the American company Procter & Gamble in the Uwaireej area, south of Baghdad."

He added, "The security services were on alert towards the Uwairaj area in Baghdad." link

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

Tishwash:  Financial inclusion in Iraq: a success story that defies the odds

In the wake of the American invasion of Iraq in 2003, the financial system collapsed and the phenomenon of hoarding money spread, as a result of the loss of confidence in the banking sector after the closure of most branches of foreign banks operating in Iraq, and the faltering of some local banks.

To address this crisis, the Iraqi Deposit Insurance Company began establishment procedures in 2008 with the aim of protecting depositors’ funds and enhancing their confidence in the banking system, which is vital for achieving sustainable economic development.

The company has achieved remarkable success in its mission, as it has witnessed a significant increase in the number of bank accounts and the size of deposits since its establishment. In 2009, total deposits in Iraqi banks amounted to $8.05 billion, and this number rose to $76.5 billion in 2021. This significant increase is largely due to the company’s efforts to enhance confidence in the banking system and encourage citizens to save.

This significant increase in deposits clearly reflects the effective role played by the company in stimulating the culture of savings and encouraging citizens to deposit their money in banks instead of keeping it at home.

These numbers indicate that the Iraqi Deposit Insurance Company is on the right track towards achieving its strategic goals, which are enhancing financial stability and reducing the phenomenon of hoarding, and thus contributing to advancing economic growth in Iraq. ink 

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

Tishwash:  The government's lack of seriousness in removing the Americans leaves Iraq exposed to them

It seems that there is nothing hidden from the Americans inside Iraq, as they know everything and eavesdrop on everything, and all this while the government is silent in the face of the popular will that calls for the removal of the American occupier from the country.

An international coalition led by the United States toppled the former regime in 2003, then Washington declared itself an occupying force in the country.

In 2008, the United States and Iraq concluded the Strategic Framework Agreement, which paved the way for the complete withdrawal of American forces in late 2011 after 8 years of occupation. The agreement regulates relations between the two countries at various political, security, economic, cultural and other levels.

American forces returned to Iraq at the request of Iraqi Prime Minister Haider al-Abadi in 2014, after the terrorist organization ISIS invaded a third of Iraq's area in the north and west.

America came with about 60 countries under the pretext of fighting the terrorist organization, before Iraq regained all of its territory from the organization in 2017 after 3 years of war, with the help of the Popular Mobilization Forces and the rest of the security forces.

Baghdad and Washington agreed to withdraw all combat forces from the international coalition by the end of 2021, but America remains to this day and has committed many crimes against Iraqi civilians, in addition to committing dozens of assassinations that targeted the mujahideen from the national forces and voices.

In the previous parliamentary session, the Iraqi parliament voted to completely withdraw American forces from Iraqi territory, but there was no withdrawal.

During the era of the government of Muhammad Shiaa al-Sudani, pressure increased on this government to expel the American occupier, and the Sudanese actually demanded that the Americans withdraw from Iraq, but it seems that these calls were to calm the angry street and nothing more, despite the talk of the head of the Supreme Committee to End the Mission of the International Coalition, the Chief of Staff of the Army, Lieutenant General Staff Abdul Amir Rashid Yarallah, with the continuation of consultations and the presence of seriousness in removing the occupier.

Political analyst Qasim Balshan questioned the government's statements to remove the American occupier from Iraq, describing them as “media consumption.”

alshan told Al-Ma'louma, “Everything that is said about movements to remove American forces from Iraq is just talk for media consumption.”

He explained, “Removing these forces lies with the Commander-in-Chief of the Armed Forces and not with the House of Representatives, which voted in the previous parliamentary session to remove the American occupier from Iraq.”

He pointed out, "The framework agreement signed during the era of former Prime Minister Nouri al-Maliki stipulated that the withdrawal of forces would be at an official request from the Commander-in-Chief of the Armed Forces," noting that "Sudanese did "Do not submit this request to the American administration."

While the head of the Presence Movement, Muhammad Abu Saida, criticized the continuation of American air sorties in Iraqi airspace and the military presence without any actual movement from the government to end the presence of these forces.

Abu Saida told Al-Maalouma, “Ain al-Assad base contains more than 1,950 American soldiers from the Marine unit and more than 4,500 soldiers inside the American embassy in central Baghdad. These forces remain and there is no movement towards removing them from Iraq.”

He added, "American forces are present in various types of military bases, as everything that is said about their exit from Iraq is just talk."

He stated that "American aircraft continue their sorties in Iraqi airspace, to collect information and visual and audio data through special eavesdropping devices."  link

**********

Mot: .. Nutting but ~~~~~

Mot: .. Nooooooo Body Told Me - Way Back then!!!!

Iraq Economic News and Points To Ponder Late Tuesday Evening 6-4-24

Iraq Economic News and Points To Ponder Late Tuesday Evening  6-4-24

Financial Inclusion In Iraq: A Success Story That Defies The Odds

Time: 06/04/2024 18:48:26 Read: 1,105 times {Economic: Al-Furat News}  In the wake of the American invasion of Iraq in 2003, the    financial system collapsed and the phenomenon of   hoarding money pread, as a result of the   loss of confidence in the banking sector after the  closure of most branches of foreign banks operating in Iraq, and the  faltering of some local banks.

To address this crisis, the Iraqi Deposit Insurance Company began establishment procedures in 2008 with the aim of   protecting depositors’ funds and  enhancing their confidence in the banking system, which is vital for achieving sustainable economic development.

The company has achieved remarkable success in its mission, as it has witnessed a significant increase in the number of bank accounts and the size of deposits since its establishment.

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

In 2009, total deposits in Iraqi banks amounted to $8.05 billion, and this number rose to $76.5 billion in 2021.

This significant increase is largely due to the company’s efforts to enhance confidence in the banking system and encourage citizens to save.

This significant increase in deposits clearly reflects the   effective role played by the company in stimulating the culture of savings and   encouraging citizens to deposit their money in banks instead of keeping it at home.

These numbers indicate that the Iraqi Deposit Insurance Company is on the right track towards achieving its strategic goals, which are   enhancing financial stability and  reducing the phenomenon of hoarding, and thus   contributing to advancing economic growth in Iraq.    https://alforatnews.iq/news/الشمول-المالي-في-العراق-قصة-نجاح-تتحدى-الصعاب    

What If Other Banks Follow Suit?

 Economical 06/05/2024  Hussein Thaghb  Economic advancement requires a set of data that will take it to safety and achieve the set goals on time.

The process of economic development requires a series of interconnected episodes that complement each other during known times.

 This mechanism cannot be maintained unless there are elements that represent the raw material for new production.

The financial sector here can be described as the cornerstone of the economic development process sought by the country that is described as rich among the countries of the world,

 especially since one of the specialized centers placed Iraq first among the rich countries of the world, as it was ranked first by the volume of wealth per square kilometer relative to the number of inhabitants, and  Here we can evaluate the country's economic importance.

 Today, when we look forward to employing the amount of wealth in a way that creates true sustainable development and preserves the rights of future generations,

it is necessary to create an effective and sound banking system that takes into account the movement of money globally and complies with all legal paths that govern the movement of money within the globe, and  this is something we are close to, as she pointed out.

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

 International Reports Indicate That Iraq Is In An Acceptable Situation.

In the country, the matter requires more clarity and rapprochement from the Central Bank of Iraq with the banking system, which has begun to fear the expected sanctions,

especially since there are those who say that there are sanctions that will affect new banks in the coming days, at a time when the Central Bank and the Association of Banks, the sectoral body responsible for private banks, announced that efforts are directed To cancel the sanctions imposed on banks that began a year ago.

 In an atmosphere like this, banks continued to work to increase their capital and develop their technological systems in accordance with what is internationally approved to strengthen the financial system in Iraq.

 News like this comes circulating here and there.

 The relevant official and sectoral authorities must come closer to clarify the facts of the matter and preserve the banks that are actually working to develop their performance.

 It aspires to serve the national economy, and has national motives to serve Iraq, not exclusively personal interests.

Iraq is one of the most important labor markets in the world and the focus of attention of major international companies and international economic organizations.

This requires us to reflect an ideal image of the country, starting with the financial sector in particular, which is the reflecting mirror of any economy, and as long as we are on the cusp of a new phase to achieve...

For economic advancement, we must and inevitably have an effective banking system that is far from all forms of disruptions that expose it to unnecessary shocks.

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

The most important role of the Iraqi Central Bank is to  protect the quality of the Iraqi banking system,  confront any rumors that confuse performance,  reassure its children of the banks that actually serve the national economy, and  address banks that do not have development goals that support the development trends in the country.      https://alsabaah.iq/97861-.html    

More Than 12 Million Bank Accounts To Date

 Economical 06/04/2024  Baghdad: Al-Sabah  The growth rate of bank accounts has increased over the past years in the country, reaching 12 million bank accounts so far.

 According to a statement issued by the Central Bank, “the growth rate of bank accounts increased from 2018 to 2019 by 90%, reaching 12,500 million bank accounts.”  

He added, “The growth rate of bank accounts reached its peak in 2020 with a growth rate of 90%, reaching 12 million bank accounts, while   for the year 2021 it decreased to the lowest level by 10%, reaching 1,500 million bank accounts.”

 The Iraqi Central Bank indicated that the growth rate of bank accounts for the year 2022 increased by 30% to reach 4,500 million bank accounts, and  it also increased during the year 2023 by 54% to reach the level of 8 million bank accounts.   https://alsabaah.iq/97767-.html    

Experts: We Are Getting Close To “Zeroing” Gas Burning

 Economical 06/05/2024 Baghdad: Shukran Al-Fatlawi   Economic affairs specialists see the necessity of conducting multiple licensing rounds to exploit gas patches in the country in light of Iraq's approach to zeroing out the gas burning process, noting that the last round did not achieve all of its goals.

 Baghdad recently witnessed a licensing round for a number of new exploratory patches and sites, some of which were not awarded in the round.

 Oil expert Dr. Hamza Al-Jawahiri said in an interview with “Al-Sabah” that  the issue of investing in associated gas was long delayed due to many problems, pointing out that the government is serious during the next two years in zeroing the rate of burning of associated gas,

 indicating the existence of several projects for treatment, including exploiting gas in The project signed with Total Energies, which processes 600 mqm of gas, as well as the Nahr Omar project, which processes 300 mqmq, and other projects that the government is urging to invest in associated gas.

 Al-Jawahiri continued that there is a period of time ranging from 3 to 5 years, in which it is possible to see its final results in investing in associated gas, hoping at the same time that these projects will be implemented, because, unfortunately, they have become like a dream, he said, as the process of burning associated gas and converting it into power generation stations Electrical or petrochemical plants, not yet exploited.

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

 Al-Jawahiri stressed that petrochemical plants are not available in the country, except for one plant, which is not sufficient for its purpose, considering it a major problem that requires urgent solutions, noting that there are very many fields in western Iraq for free gas, which could make us a gas exporting country if invested properly.

He pointed out that the Ministry did not fully achieve its goals during the last licensing round in obtaining investors in the exploratory patch for invasive areas, because it requires more work, study, and seismic geophysical surveys in those areas in order to be presented to international companies, in addition to the necessity of providing security in the region.

For his part, the researcher in economic affairs, consulting engineer Imad Al-Muhammadawi, told Al-Sabah that the year 2030 will be the year of completely eliminating gas burning, according to the Paris Agreement that Iraq signed, which stipulates “finding coordination and reaching solutions and cooperation at all international levels to help in Reducing the percentage of carbon in the atmosphere and its negative effects, and confronting climate change and its significant effects as a result of global warming.”

 He added that the country's efforts are currently directed towards stopping associated gas, which will stop in the year 2028 according to government sources, and trying to benefit from it in generating electrical energy, from which the country has been suffering from a crisis for a long time.

 He expressed his optimism that the crisis is on its way to being resolved, and the country is currently taking... Correct steps in this direction.

 For its part, the Ministry of Oil recently announced access to investment and exploitation of 62% of the gas produced in Iraq, and indicated that the year 2028 will witness the end of Associated gas combustion.

The Undersecretary for Gas Affairs in the Ministry, Izzat Saber, said in a press statement,

“A memorandum of understanding was signed between Siemens, Schlumniger, and the Ministry of Oil for accelerated investment in the associated gas that is being burned,” indicating that

after the memorandum, the stage of commercial, financial, and technical presentation for this company and identifying the fields will come. That burns gas.    https://alsabaah.iq/97860-.html   

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

Provoking Thoughts and Points To Ponder On Wealth

We can have democracy in this country or we can have great wealth concentrated in the hands of a few, but we can't have both.  - Louis D. Brandeis

I am opposed to millionaires, but it would be dangerous to offer me the position.  - Mark Twain

Sleep, riches and health to be truly enjoyed must be interrupted.  - Jean Paul Richter

The wealth of a nation consists not in its mass of material things, but in its system. The natural resources of South America are not inferior to those of the United States, but the wealth of the two regions is vastly different. The land of India is far richer than that of Japan, but the comparative wealth of the two nations is reversed.  - George Brockway

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

http://famousquotesandauthors.com/quotes_by_topic.html

Goldilocks' Comments and Global Economic News Tuesday Afternoon 6-4-24

Goldilocks' Comments and Global Economic News Tuesday Afternoon 6-4-24

Good Evening Dinar Recaps,

"The State Bank of Vietnam (SBV) started selling gold directly to four state-owned commercial banks today (June 3), aiming to lower the metal’s domestic price. The institutions will then sell the gold bars to the public."

This new monetary policy shift will continue as Vietnam attempts to narrow the difference between the domestic and global gold bar prices per SBV officials. It is an attempt to revalue gold through resetting its price.

This diversifies their people's portfolio, and it gives the banking system a broader strength to their accounts. In return, it gives the SBV an opportunity expand their net worth and give out loans.

Vietnam has been accumulating gold in order to join the BRICS Nations. One of the requirements is that they do accumulate gold to support their banking system.

Can you see where this is going now? Everything across the board from the markets, the banking systems, the shipping ports, and to the people are turning to gold to deflate an inflated economy.

Through Tokenized Assets, our Global Economies will have a real value on every product that can be bought and sold including Forex opportunities.

I look to see these opportunities begin to shift in July for Vietnam as they become a Market Economy. Can it happen before that time?  English News  Central Banking   English News 2  Wikipedia

We are about to find out.

© Goldilocks

~~~~~~~~~

We finally have some prices placed on the US Debt Clock. It has been empty for some time. In fact, many countries in the East have been wondering when those numbers would show up. Well, they are here now.

This doesn't mean that these are prices that are set in stone. It just means they are prices to work from going forward as our world resets the price of gold and reclassifies gold as money. https://www.usdebtclock.org/

Gold will set us free!

© Goldilocks

~~~~~~~~~

It is the revaluation of Gold that will set the tone for the new economy. It will determine, to some degree, the price of all goods and services across all asset classes.

© Goldilocks

~~~~~~~~~

MiCA Regulations Force Binance to Overhaul Stablecoin Services | Finance Magnates

"Starting June 30, 2024, the European Economic Area (EEA) will enforce new regulations under the Markets in Crypto-Assets (MiCA) framework, specifically targeting stablecoins. Binance, one of the world's largest cryptocurrency exchanges, plans to roll out changes to ensure compliance, impacting everything from trading to rewards.

Only regulated companies can issue and offer stablecoins, termed regulated stablecoins. Many existing stablecoins do not meet these criteria and will be designated as unauthorized stablecoins, facing various restrictions on Binance's platform, the cryptocurrency exchange said in a statement on its website."

Remember, stablecoins represent a country's currency. The new regulations will be going into effect on June 30th, 2024.

This will begin to determine new prices in the new digital economy regarding trade relations around the world.

An increase in demand for local currencies around the world that have moved from a dollar regimen to a local currency regiment will begin.

This is when credit valuation adjustments begin. It does not mean new rates will happen overnight. In fact, to determine new price correlations on the market requires algorithmic patterns to set in that become normalized.

Watch the water.

© Goldilocks

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EXCELLENT NEWS Iraq's Leap in Electronic Banking | Youtube

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Next generation correspondent banking | BIS

Existing correspondent banking processes have struggled to adapt to new regulatory and supervisory requirements, posing questions on the future of the correspondent banking model.

The tokenization of correspondent banking, as embodied in Project Agorá (BIS (2024b)), could unlock streamlined pre-screening and atomic settlement, and pave the way for superior customer verification and anti-money laundering (AML) procedures.

Tokenization could substantially reduce duplication and miscoordination, thereby revitalising cross-border payments by fostering a robust network of correspondents and corridors.

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Russia and China 'close' to replacing SWIFT — business regulator. |  Azerbaycan24

👆  Goldilocks pointed to this article

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Sexy Bank Deals, Ripple Story, How to Distribute the XRP Escrow, When Smart Contracts on XRP Ledger | Youtube

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Swift Unveils AI Pilots to Combat Cross-Border Payment Fraud - Fintech Singapore

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Event: Hearing Entitled: Next Generation Infrastructure: How Tokenization of Real-World Assets Will Facilitate Efficient Markets |  Financial Services.House

When: Wednesday, June 5, 2024 9:00 AM in 2128 Rayburn House Office Building

What: Subcommittee on Digital Assets, Financial Technology and Inclusion

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UAE Central Bank Approves Issuance of Stablecoin Regulation | Cryptopolitan

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BREAKING NEWS

TURKEY SAYS BRICS COULD OFFER A GOOD ALTERNATIVE TO THE EUROPEAN UNION TO BOOST ITS ECONOMIC PROSPECTS

Awkward…      Read: Twitter

~~~~~~~~~

If Russia Accepts Gold for Oil, Gold Price Doubles to $3,600, Says Credit Suisse’s Zoltan Pozsar | BMG Group

~~~~~~~~~

WATCH HERE

Power of copper = Free Healing

⚡️Copper + Gardening - Cultivate Elevate

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Summary / Status Iraqi Dinar ReValue IQD VND Exchange Rates | Youtube

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THE U.S. GOVERNMENT WILL REPLACE SWIFT WITH RIPPLE XRP | Youtube

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BOOOOOOOOOOOOOOOOOOM!!!

Brad Garlinghouse indirectly says that the case will end this summer with the payment of a fine in the millions, not billions.

#XRP would be the first FULLY regulated digital asset in the United States of America! | Twitter

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Thank you Dinar Recaps

Iraq Economic News & Points to Ponder Tuesday Afternoon 6-4-24

Iraq Economic News & Points to Ponder Tuesday Afternoon 6-4-24

Currency Auction: Central Bank Sales Exceeded $278 Million Today

Economy |  04/06/2024  Baghdad - Mawazine News   Tuesday, the Central Bank of Iraq sold more than 278 million dollars through an auction for selling American currency.

The total internal cash withdrawals amounted to $23,320,000, while the total amounts of transfers abroad, which include remittances and credits, amounted to $255,513,388, while the total sale amounted to $278,833,388.

Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 255 million 513 thousand and 388 dollars, an increase of 91% over cash sales amounting to 23 million and 320 thousand dollars.   https://www.mawazin.net/Details.aspx?jimare=249148

The Dollar Continues To Rise In Local Markets

Economy | 04/06/2024   Baghdad - Mawazine News   Tuesday, the exchange rate of the dollar against the dinar recorded a new high for the second day in a row on the main stock exchange in the capital, Baghdad.

The price of the dollar on the Al-Kifah and Al-Harithiya stock exchanges recorded 145,850 thousand dinars for every 100 dollars.

Prices stabilized in banking shops in local markets in Baghdad, with the selling price reaching 146,750 dinars, while the purchasing price reached 144,750 dinars for every 100 dollars.” https://www.mawazin.net/Details.aspx?jimare=249129

Central Oil: The Prime Minister Stressed The Optimal Investment Of Energy And Fuel In Iraq

Energy  Economy News _ Baghdad  The Central Oil Company confirmed today, Tuesday, that exploratory blocks need time to study, evaluate, and learn their properties, while pointing to Prime Minister Muhammad Shiaa Al-Sudani’s emphasis on the optimal investment of energy and fuel in Iraq.

The company’s general manager, Muhammad Yassin Hassan, said in an interview with the Iraqi News Agency, followed by Al-Iqtisad News, that “Middle Oil is the largest exploratory and extractive area and area in oil companies, and the distribution was qualitative, as the fields and patches were distributed to all governorates, which contributes to Producing oil or gas in more than one governorate, thus increasing the spread or distribution of employment in Iraq, and reducing unemployment in the governorates.”

Hassan added, "The choices were for the gas to be close to the power stations, to achieve what the Prime Minister stressed about optimal investment of energy and fuel in Iraq."

He pointed out that "most of the patches currently offered are exploratory patches, and therefore require a long time and studying and evaluating the reservoirs to discover the reservoirs and know their properties, whether they are oil or gas."

He explained that "in establishments and fields operating in the natural gradient, there is a decline in production after a period of time following the peak, and therefore the discovery of fields near them is an important event that contributes to the sustainability of production in the governorates, and therefore the ministry must initiate referrals early to sustain production."

He pointed out that "the government's plan on the part of the Ministry of Oil is to deal with the government program accurately and professionally by distributing production and extraction in all governorates in order to distribute social benefits and reduce unemployment." Views 64 06/04/2024 - https://economy-news.net/content.php?id=44010

Iraq Exports More Than 7 Million Barrels Of Crude Oil And Its Derivatives To America In A Month

Energy   Economy News _ Baghdad  The US Energy Information Administration announced on Tuesday that Iraq exported more than 7 million barrels of crude oil and its derivatives to the United States during the month of March of this year.

An administration table, seen by Al-Iqtisad News, showed that Iraq's exports of oil and its derivatives in the month of March amounted to 7.75 million barrels, an increase of 2.395 million barrels from what they recorded in February, when they reached 4.680 million barrels.

The US Energy Information Administration stated that OPEC's exports of crude oil and its products to America during February amounted to 38 million and 69 thousand barrels, with Saudi Arabia having the highest rate of exports to America, reaching 11 million and 559 thousand barrels during the same time period.

Iraqi oil exports to the United States have increased significantly over recent years, with export numbers in some months reaching record levels, partly due to Iraq's ability to increase its oil production, in addition to rising global demand for oil.

Oil trade relations between Iraq and the United States play an important role in strengthening economic relations between the two countries. They also contribute to enhancing the stability of the global oil market and providing energy to the American and global economies. Views 74  06/04/2024 - https://economy-news.net/content.php?id=44001

Al-Sudani: Ending UNAMI’s Work Does Not Mean Breaking With The United Nations And Specialized International Agencies

Tuesday 04, June 2024 | Political Number of readings: 136  Baghdad / NINA / Prime Minister Muhammad Shiaa Al-Sudani confirmed that the UN Security Council’s decision to set a date for ending the work of the UNAMI mission in Iraq at the end of the year 2025 does not mean a break with the United Nations and specialized international agencies.

The Prime Minister said in his speech during the Council of Ministers session today: “The Security Council’s recent decision to end the work of the UNAMI mission came at the request of the government, and it represents international recognition of the progress made on the Iraqi scene in all fields.”

He added: "International organizations have reached a positive performance assessment of Iraq that supports stability," pointing out that "ending UNAMI's work does not mean a break with the United Nations and specialized international agencies."

The Prime Minister pointed out in his speech: “Iraq is the cornerstone of any stability process in the region.”/End 7   https://ninanews.com/Website/News/Details?Key=1130595

Announcing the establishment of the Iraqi-French Business Council on the sidelines of the Iraqi-French Economic Forum

Tuesday 04, June 2024 | Economical Number of readings: 354  Baghdad / NINA / The Department of Foreign Economic Relations in the Ministry of Commerce announced the establishment of the Iraqi-French Business Council on the sidelines of the Iraqi-French Economic Forum late last May.

A statement by the Ministry’s media office said: “The activities of the forum were organized by the Embassy of the Republic of Iraq in Paris in cooperation and coordination with the Commercial Mission in Paris, the French Ministry of Foreign Affairs, and the French Employers Association MEDEF for the period from the twenty-ninth to the thirty-first of last May.”

The statement continued: “The forum was attended by Governmental bodies and the Iraqi private sector, and on the French side, the Minister Delegate for Foreign Trade, Attraction, Francophonie, and French people abroad, in addition to other official figures, with the participation of Iraqi and French companies from the public and private sectors, and a large number of researchers, interested parties, and media professionals.

The statement indicated: “The launch of the work of this economic forum comes within the efforts of the Iraqi government and the Ministry of Commerce to implement the Iraqi-French strategic agreement signed between the two countries last year in order to develop trade and economic relations between the two friendly countries.

The statement stressed:” The commercial attaché played a pivotal and prominent role. In coordination with French banks, owners of companies, factories, investors, industrialists, and parties influencing French commercial and economic decisions, by bridging viewpoints to open broader commercial cooperation horizons by inviting them to participate in the forum. /End 3

https://ninanews.com/Website/News/Details?key=1130529

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

Provoking Thoughts and Points to Ponder on Wealth 

The first wealth is health.              - Ralph Waldo Emerson

The smell of profit is clean and sweet, whatever the source.  - Juvenal

There are few sorrows, however poignant, in which a good income is of no avail. - Logan Pearsall Smith

The human race has had long experience and a fine tradition in surviving adversity. But we now face a task for which we have little experience, the task of surviving prosperity. - Alan Gregg

Riches enlarge, rather than satisfy appetites.- Thomas Fuller 

Australia is so kind that, just tickle her with a hoe, and she laughs with a harvest. - Douglas Jerrold

It is better to live rich than to die rich.  - Samuel Johnson

We can have democracy in this country or we can have great wealth concentrated in the hands of a few, but we can't have both.  - Louis D. Brandeis

I am opposed to millionaires, but it would be dangerous to offer me the position.  - Mark Twain

Sleep, riches and health to be truly enjoyed must be interrupted.  - Jean Paul Richter

The wealth of a nation consists not in its mass of material things, but in its system. The natural resources of South America are not inferior to those of the United States, but the wealth of the two regions is vastly different. The land of India is far richer than that of Japan, but the comparative wealth of the two nations is reversed.  - George Brockway

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

http://famousquotesandauthors.com/quotes_by_topic.html

“Tidbits From TNT” Tuesday 6-4-2024

TNT:

Tishwash: Al-Sudani: Iraq has many investment opportunities offered to international companies

Prime Minister Muhammad Shiaa Al-Sudani confirmed, today, Tuesday, that Iraq has many investment opportunities offered to international companies.

Al-Sudani’s media office said in a statement received by {Al-Furat News}, “The latter received the British Ambassador to Iraq, Stephen Hitchen, and during the meeting, they discussed bilateral relations between Iraq and the United Kingdom, and mechanisms for working to strengthen and expand them in various fields, in a way that achieves mutual benefit and interests.” shared between the two countries. 

The Prime Minister stressed that "Iraq has many investment opportunities presented to international companies, welcoming the participation of British institutions and companies in various sectors, especially the sectors of energy, industry, agriculture, and other vital sectors." link

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Tishwash:  Nearly 80 trillion dinars disappear from the 2022 and 2023 budget.. Deputy: “No one knows where it went.”

Member of the Parliamentary Integrity Committee, Hadi Al-Salami, revealed today, Tuesday, that about 57 trillion Iraqi dinars remain from the 2023 budget, and no one knows where it went.

Al-Salami said, “The 2023 budget amounted to 206 trillion, the actual expenditure was 148 trillion, and the remaining 57 trillion. No one knows where that retained money went.”

He added, "There are 22 trillion in rounds in the 2022 budget as well, and no one knows where it went," noting that "there are problems and irregularities regarding the issue of actual revenues and actual expenses in the budget tables."

He explained, “The House of Representatives made many observations on the budget schedules that were passed without warning.”  link

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

CandyKisses:  Sudani suspends after approving 2024 budget schedules

Baghdad Today - Baghdad

Prime Minister Mohamed Shia Al-Sudani expressed, on Monday (June 3, 2024), his thanks and gratitude to the House of Representatives for its efforts that resulted in the approval of the budget tables.

Al-Sudani said, according to a statement by his media office, received by "Baghdad Today": "With more appreciation and pride, we congratulate the responsible step of the esteemed House of Representatives, represented in approving the budget tables for the year 2024 , related to Law (13 of 2023), the law of the "Federal Budget of the Republic of Iraq for the fiscal years (2023, 2024, 2025).”

He added: "We express thanks and appreciation for the efforts of the Presidency of the House of Representatives, political forces, parliamentary committees, and the Finance Committee, which completed the government effort, and what was previously approved in the Council of Ministers, represented in the budget tables (A, B, C, D, E, and f)."

He continued: "We reaffirm the continuation of the implementation of the government program, which received the vote of the Council of Representatives and the support of political forces, in order to complete the goals and implement the priorities that represent, above all, the aspirations of our Iraqi people and their demands that the government wishes to fulfill."

He added: "On this occasion, we call on the House of Representatives and provincial councils to support the work of the government by following up on the legislative and oversight effort, which our government institutions with all their arms and bodies consider as a support for their work, an evaluation of the path, and a guarantee against corruption, deviation and failure, just as we pledged to our people that there is no place for procrastination, nor courtesy at the expense of people's interests, preserving public money, and implementing service in all its names."

"We ask the Almighty God Almighty for success and repayment to obtain His satisfaction, glory be to Him, and to obtain the satisfaction of our honorable people."

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Tishwash: Oil prices shock the markets and Brent falls to $77

Oil prices fell in early trading on Tuesday, continuing the losses of the previous session when prices fell to their lowest levels in four months, with investors concerned about increased supplies later in the year.

Brent crude futures fell 20 cents, or 0.3%, to $77.77 per barrel. Brent crude closed below $80 for the first time since February 7, after falling more than 3% yesterday, Monday.

US West Texas Intermediate crude futures fell 17 cents, or 0.2%, to $74.05, and closed near the lowest level in four months yesterday after falling 3.6%.

The Organization of the Petroleum Exporting Countries and its allies led by Russia, known as the OPEC+ group, agreed on Sunday to extend most oil production cuts until 2025, but left room to gradually cancel the voluntary cuts by eight members starting in October.

Signs of weak demand growth have also weighed on oil prices in the past few months, with a focus on data on fuel consumption in the United States.

The average price of gasoline in the United States fell 5.8 cents to $3.50 a gallon yesterday, Monday, according to GasBuddy data.   link

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Mot ..... Just ASaying -- bet Noone will Notice this Un!!!!  Almost summer

Mot: .. Dang - I LOL -- on dis un!!!  Hummingbirds

Iraq Economic News and Points To Ponder Monday Evening 6-3-24

Iraq Economic News and Points To Ponder Monday Evening 6-3-24

Union Of Arab Banks: Iraq Is A Pioneer In Electronic Banking Services

 June 3, 2024 Baghdad/Iraq Observer   The Union of Arab Banks confirmed today, Monday, that Iraq is a pioneer in electronic banking services, while  noting that the Iraqi banking sector is ancient and its role is vital in economic development.

 The Secretary-General of the Union of Arab Banks, Wissam Fattouh, said,

“There is deprivation from dealing in the dollar, not sanctions, because sanctions mean inclusion on the sanctions list,” pointing out that

 “the effect of deprivation is almost equivalent to sanctions because it is difficult for banks to operate without the dollar currency, which represents... Currency of international trade. Fattouh added,

  “The Iraqi banking sector is an ancient sector and has a history, as its total assets amounted to 157.9 billion dollars, and even its deposits amounted to more than 100 billion dollars.”

 Therefore, this sector is important and its role is vital in economic development in the heart of the country.”

He stressed “the necessity of applying international standards, especially with regard to the standards and laws in force to combat money laundering and terrorist financing.” He pointed to

 “involving the strategy between the Union of Arab Banks and the Association of Iraqi Private Banks, to reach this truly desired goal, and to train and qualify Iraqi cadres in particular.” He pointed out that

  “there has been a great partnership between Iraq and the United States of America for decades and trade exchange, especially after Prime Minister Muhammad Shiaa Al-Sudani made the important historical visit to the United States of America.” He noted that

 “the biggest role today is how to protect the Iraqi banking sector, and that trade exchange actually takes place through Iraqi banks and not through other banks.” He continued,

"Iraq is very advanced in electronic banking services, and the challenge today facing the Iraqi banking sector remains the challenge of compliance."    https://observeriraq.net/اتحاد-المصارف-العربية-العراق-رائد-في-ا/       

Declaration Of Function  

June 02, 2024   The Central Bank of Iraq announces the opening of contract employment for the position of cash examiner, provided that applicants for these positions are in accordance with the conditions stated later, with the offer that application will be exclusively via the electronic link:

 Conditions for submitting the form:

The applicant must be of Iraqi citizenship.

 The applicant must not have been convicted of a crime against honor or trust.

The applicant must have completed eighteen years of age and not exceed twenty-five years.

He must have a certificate (preparatory/intermediate). The application will be ignored if it is proven that the applicant holds a certificate higher than the position for which he is applying.

 directions:

 Submission will be from Sunday, 6/2/2024, until the end of official working hours on Thursday, 6/6/2024.

It is preferable to use the chrome browser when submitting the form.

  Important notes:

   The applicant for the job will be ignored in the following cases:

  Applying for a job outside his governorate.

 The application will be ignored if submitted twice by the same person for any reason.

The application will be ignored if there is a difference between the information entered and the information of the attached documents.

 Applications that do not meet the conditions listed above will be ignored.

   All information provided by you is subject to audits by the relevant authorities.

   Note that the applicant will undergo a test to accept the job.

   Form link      https://shorturl.at/f4E8W  https://docs.google.com/forms/d/e/1FAIpQLSdp-ur9sqLJOkrWmGm3KhhoqehJL2cLcrOFSTQ0dgnHgJpWEg/viewform  

Form code       https://cbi.iq/news/view/2597

 Stop Entering The Foreign Currency Buying And Selling Window

 June 03, 2024  It was decided to stop the companies whose details are listed in the table below from entering the foreign currency buying and selling window

~~~~~

 [partial and approximate translation of https://cbi.iq/static/uploads/up/file-171741265259795.pdf]

 All approved banks

 And/stop entering the foreign currency buying and selling window

 The details of the suspension of listed companies are provided in the attached table below which begins In sequence (1- Naseem Al-Thalooj General Trading Company) andending in sequence (1171- Company Al-Yaqout General Trading Buildings)» from entering the window for buying and selling foreign currency.

 To act accordingly. With appreciation.

 [signature]  2024/5/30

[See 7 pages of list of 198 businesses in https://cbi.iq/static/uploads/up/file-171741265259795.pdf]

:diamonds: To view the titles and list of companies... click here

  https://cbi.iq/static/uploads/up/file-171741265259795.pdf

 https://cbi.iq/news/view/2600     

Central Bank Of Iraq Strategy: A Strong Boost To The Private Sector And Labor Market

Last updated: June 2, 2024  ndependent/- The Central Bank of Iraq’s bank lending strategy 2024-2029 is an important step towards developing the private sector and stimulating the national labor market.

 This strategy aims to increase the credit granted to the private sector and small and medium enterprises, which will contribute to financing new projects in various sectors.

Strategy objectives:

 Increasing credit granted to the private sector: The strategy aims to increase credit granted to the private sector by 4% of non-oil GDP by 2029, equivalent to 7 trillion Iraqi dinars.

 Supporting small and medium enterprises: The strategy aims to increase the credit granted to small and medium enterprises by 3% of non-oil GDP by 2029, equivalent to 5 trillion Iraqi dinars, which will contribute to financing approximately 100,000 projects.

  Improving the business environment: The strategy aims to improve the business environment and attract more local and foreign investors.

 Unifying private sector development efforts: The strategy aims to unify private sector development efforts and coordinate them among concerned parties.

The importance of the strategy:

 Creating job opportunities: The strategy contributes to creating new job opportunities for Iraqi youth.

 Developing the productive and service sectors: The strategy contributes to the development of the productive and service sectors in Iraq.

 Stimulating economic growth: The strategy contributes to stimulating economic growth and enhancing financial stability.

Everyone's responsibility:

Financial experts and specialists stress the importance of the combined efforts of all stakeholders for the success of this strategy.

The government, banks, investors, and Iraqi youth must work together to achieve the goals of this strategy and create a better future for Iraq. https://mustaqila.com/ستراتيجية-البنك-المركزي-العراقي-دفعة/    

Growth Rate Of Bank Accounts In Iraq

 June 02, 2024

 The Central Bank of Iraq announced the growth rates of bank accounts for the past years, starting from the year 2018 and ending in the year 2023, which shows the growth rates during the aforementioned period and according to the attached chart.  https://cbi.iq/news/view/2599    

 Central Bank of Iraq      information Office    June 2, 2024

 Growth rate of bank accounts in Iraq Clip_image004   https://cbi.iq/static/uploads/up/file-171732391294036.jpg

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

 Provoking Thoughts and Points To Ponder on Advice

Never give advice in a crowd.  - Arab proverb

Never give advice unless asked.  - German proverb

Whatever advice you give, be short.  - Horace

Old men are fond of giving good advice, to console themselves for being no longer in a position to give bad examples.  - La Rochefoucauld

We give advice, but we do not inspire conduct.  - La Rochefoucauld

Good counsel has no price.  - Guiseppe Mazzini

Never advise anyone to go to war or to marry.  - Spanish proverb

Many receive advice, only the wise profit by it.  - Syrus

Admonish your friends privately, but praise them openly.  - Syrus

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

http://famousquotesandauthors.com/quotes_by_topic.html