Goldilocks, Frank, Pimpy and more...Tuesday Afternoon 2-21-2023
Thank you R.J.:
R.J.: Good morning Dinar Recaps,
Goldilocks post these links with commentary this morning.
Goldilocks: To give you an idea of what is going on with significant portions of our money around the world.
I am leaving you with three links below to see what the Rothschild family is doing.
They are delisting themselves from the stock exchange and creating a bank that bears their name from their profits.
We are living in a time whereby a great transfer of wealth is shifting priorities and commitments to areas of the economy that are essential services.
This move will significantly affect our stock markets and rearrange price actions across many sectors. It is not only resetting the way we do business, but a new way of giving and receiving funds are moving into other sectors of the market building these new enterprises.
A new economy is being built from the ground up in front of our eyes.
© Goldilocks
https://delano.lu/article/rothschild-co-is-delisted
https://www.nytimes.com/2023/02/06/business/dealbook/rothschilds-bank-private.html#aoh=16769863321463&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fwww.nytimes.com%2F2023%2F02%2F06%2Fbusiness%2Fdealbook%2Frothschilds-bank-private.html
https://en.m.wikipedia.org/wiki/Rothschild_%26_Co
TNT:
Tishwash: Parliamentary Energy: The oil and gas law will pass this session and we are waiting for it to arrive
The Parliamentary Oil, Gas and Natural Resources Committee called on the government to send the final version of the draft oil and gas law, affirming its intention to proceed with enacting the law.
The deputy head of the committee, Adnan Al-Jabri, said in an interview with (Baghdad Today), that: "The draft oil and gas law will proceed with this session."
And between, "the producing provinces will benefit a lot from the legislation of the law and will participate in the process of financial profit from oil and gas production."
Al-Jabri explained, "The draft federal oil and gas law will regulate the relationship between the center and the Kurdistan region, and therefore we await the arrival of the draft law," stressing that "the political blocs are the ones with the last position to pass the law or not."
And the Prime Minister, Mohamed Shia Al-Sudani, announced in a symposium in which he participated last Saturday on the sidelines of the Munich Security Conference, that "the draft oil and gas law will be enacted during the current year 2023."
And the Kurdistan Regional Government announced the day before yesterday, Sunday, that an agreement had been reached with Baghdad to form a joint committee to draft a draft federal oil and gas law. link
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Harambe: Zimbabwe wants to become Africa’s Dubai | The Insider 2/21/23
Zimbabwe plans to set up an offshore financial centre in the resort city of Victoria Falls that the government hopes will emulate the likes of Dubai and the Isle of Man to attract foreign investment.
“The trigger is the success of the VFEX,” Finance Minister Mthuli Ncube said in an interview, a reference to the US dollar-denominated Victoria Falls Stock Exchange that’s attracting listings. “We want to compete with any offshore financial centre in the world.”
The project will “offer investors an environment comparable” to the Isle of Man, Mauritius and Dubai, he said.
Marc Holtzman, a US veteran banker with 35 years experience in emerging markets, has been appointed board chairman of the centre. He is also chairman of CBZ Holdings, Zimbabwe’s biggest lender.
Holtzman will have his job cut out for him as the nation has been locked out of international capital markets since defaulting on payments to the World Bank and other multilateral lenders more than two decades ago. It owes more than US$13bn to creditors.
Regular dollar shortages have also scared off foreign investors as have targeted US sanctions against politically linked individuals and state firms for over two decades. The government claims the sanctions increase the country’s risk profile and make it difficult to attract foreign investment.
The financial centre will be a hard-currency zone, based in US dollars, and offer tax incentives. Land has been set aside by the state to attract global banks to establish offices in the country, according to Ncube. The VFEX, which officially launched in October 2020, will be housed under the financial centre.
“We need to bring confidence to investors that they won’t have difficulty in repatriating funds,” Holtzman said.
Listings on VFEX have been attracted by the trade in US dollars, tax exemptions on capital gains and the ability to repatriate funds from a country where foreign exchange is in short supply. It now has eight traded businesses.
“Two more companies are coming and two more are seeking approval,” Justin Bgoni, VFEX’s CEO, said yesterday.
Several of the listings are due to companies transferring from the Zimbabwe Stock Exchange, the main stock market in the capital, Harare, that trades in local currency. Authorities won’t attempt to dictate to firms which bourse to list on, as this is informed by their unique capital needs, Ncube said.
“Companies are free to choose where to list,” he said. “I’m not too worried about companies moving across from the ZSE to VFEX.”
https://insiderzim.com/zimbabwe-wants-to-become-africas-dubai/
Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: The CBI governor is on News Station One saying the CBI is determined to stabilize the exchange rate and the next phase is coming. They're calling it the 2nd Stage Phase. FRANK: The 2nd Stage/Phase of the monetary reform IMO is to reveal a new exchange rate and your new small category note to you as Iraqi citizens. FIREFLY: It's all the talk in the streets. We're expecting that soon.
Pimpy We know the budget has been put forward and they're supposed to be voting on it. I made a suggestion that it appeared they might make another exchange rate change before the budget is released 100%. I said once the budget has been voted on then we're stuck with the exchange rate at least for a year unless they want to amend the budget which is a pain in the butt to do. Until that budget law has been passed keep your fingers crossed.
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A WARNING From Gregory Mannarino. BE READY FOR WHAT IS COMING.
2-21-2023