News, Rumors and Opinions Monday AM 2-26-2024
Note From Dinar Recaps:
To our newest readers,
If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.
We hope all of our dreams come true very soon.
Your Dinar Recaps Team
Note From Dinar Recaps:
To our newest readers,
If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.
We hope all of our dreams come true very soon.
Your Dinar Recaps Team
From Recaps Archives
History of Iraqi Dinar
WE MUST NOT FORGET THE HISTORY OF OUR INVESTMENT, FOR IT IS ABOUT TO REPEAT ITSELF. This may be old news to some of you, But to many it will be enlightening.
When officially introduced at the end of the British mandate (1932), the dinar [consisting of 1,000 fils or 20 dirhams] was equal to, and was linked to, the British pound sterling, which at that time was equal to US$4.86.
Iraqi dinar (ID) equaled US$4.86 between 1932 and 1949 and after devaluation in 1949, equaled US$2.80 between 1949 and 1971. Iraq officially uncoupled the dinar from the pound sterling as a gesture of independence in 1959, but the dinar remained at parity with the pound until the British unit of currency was again devalued in 1967.
One Iraqi dinar remained equal to US$2.80 until December 1971, when major realignments of world currencies began. Upon the devaluation of the United States dollar in 1973, the Iraqi dinar appreciated to US$3.39. It remained at this level until the outbreak of the Iran-Iraq War in 1980. In 1982 Iraq devalued the dinar by 5 percent, to a value equal to US$3.22, and sustained this official exchange rate without additional devaluation despite mounting debt.
In early 1988, the official dinar-dollar exchange rate was still ID1 to US$3.22; however, with estimates of the nation's inflation rate ranging from 25 percent to 50 percent per year in 1985 and 1986, the dinar's real transaction value, or black market exchange rate, was far lower-- only about half the 1986 official rate.
The Iraqi dinar was worth $US3.20 before the United Nations embargo that followed Iraq's 1990 invasion of Kuwait. By August 2002 it was trading at just below 2000 to the US dollar, and by mid-April 2003 it had slipped to anywhere between 3500 and 4000 against the dollar. In July 2003 one US dollar equaled about 1,500 Iraqi dinars.
WE ALL KNOW WHERE IT STANDS TODAY, currently
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 Article: "Trade: Forming a committee to price foodstuffs, limit their rise, and exploit crises" THIS IS WHAT WE TOLD YOU TO LOOK FOR NEXT...Alaq has formed with his cabinet a committee in order to do the repricing because it will be required with a new exchange rate. What is the conclusion of all this? I'm excited. I told you, you should be too.
Nader From The Mid East The RV will not happen if no one declares the end of the war...we still on war. In December 2021 they took troops out...but they never declared the end of the war...and they never took out the international coalition. For everything to happen they have to declare the end of the war. The international coalition have to be out of there. The soldiers of United States have to be out of there. Of course they're going to bases in Iraq but they're going to keep friendly bases in Iraq...not for war...I don't think Biden is going to do it.
Economist's "News and Views" Sunday 2-25-2024
Banking Sector Collapse Coming, Why It Could Happen in March – George Gammon
Pt 2/2): Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews George Gammon, investor and macroeconomics expert, who warns that the banking sector could collapse as soon as March of next year.
Gammon breaks down the Bank Term Funding Program (BTFP), its expiration date, and Federal Reserve Chair Jerome Powell’s dilemma about renewing the program.
Banking Sector Collapse Coming, Why It Could Happen in March – George Gammon
Pt 2/2): Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews George Gammon, investor and macroeconomics expert, who warns that the banking sector could collapse as soon as March of next year.
Gammon breaks down the Bank Term Funding Program (BTFP), its expiration date, and Federal Reserve Chair Jerome Powell’s dilemma about renewing the program.
00:00 - Banking crisis in March?
08:11 - What Jamie Dimon's decision to sell his shares mean
Watch Part 1 here: https://www.youtube.com/watch?v=fQMk3lnuAMM&t=5s
DEBUNKING DATA: Why You Can't Trust Official Economic Numbers Anymore | EP. 1
Taylor Kenny: 2-25-2024
Join Taylor Kenny on this week's episode of Taylor Made Economics as we debunk the data, revealing the truth behind inflated job numbers and adjusted inflation rates. Discover why the economy isn't as rosy as the headlines suggest
CHAPTERS:
00:00 Debunking The Data
00:53 Unemployment Rate
MARKETS A LOOK AHEAD: THE SYSTEM IS HYPER-INFLATING.
Greg Mannarino: 2-25-2024
"More Tidbits From TNT" Sunday PM 2-25-2024
TNT:
TNT: Does deleting the currency’s zeros affect its value? An economist explains
Economic expert, Durgham Muhammad, said on Sunday that deleting the currency’s zeros does not conflict with its value, explaining what needs to be taken before resorting to this step.
Muhammad told Jarida, “Deleting the currency’s zeros is a regulatory process that does not conflict with its value, but this step needs educational campaigns to precede it, and a transitional period for trading the currency with its zeros and the new currency to know that the two currencies are equal in value.”
He stressed, “Printing new denominations must be proportional to the market’s need to cover daily trading, provided that there is no significant increase in the monetary supply in the market so that inflation does not occur.” link
TNT:
TNT: Does deleting the currency’s zeros affect its value? An economist explains
Economic expert, Durgham Muhammad, said on Sunday that deleting the currency’s zeros does not conflict with its value, explaining what needs to be taken before resorting to this step.
Muhammad told Jarida, “Deleting the currency’s zeros is a regulatory process that does not conflict with its value, but this step needs educational campaigns to precede it, and a transitional period for trading the currency with its zeros and the new currency to know that the two currencies are equal in value.”
He stressed, “Printing new denominations must be proportional to the market’s need to cover daily trading, provided that there is no significant increase in the monetary supply in the market so that inflation does not occur.” link
Tishwash: The end of the second round of negotiations between Baghdad and Washington for the withdrawal of the coalition... and Iraqi hopes for another
Foreign Minister, Fouad Hussein, announced today, Sunday, the end of the second round of negotiations between Baghdad and Washington regarding the presence of international coalition forces in Iraq.
Hussein said, in a press statement, “The negotiations are continuing and the second round has ended, and we hope to have other rounds,” without revealing the results of the last two rounds.
It is also possible that there will be a round of discussions in Washington during the visit of Prime Minister Muhammad Shiaa Al-Sudani to the United States, according to Hussein.
On January 25, the Ministry of Foreign Affairs announced the success of the negotiations between the Iraqi and American governments, which began in August 2023, to formulate a timetable specifying the duration of the presence of international coalition advisors in Iraq and ending the military mission of the coalition against ISIS. link
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Tishwash: For the first time in 20 years.. Iraq participates in the Ministerial Conference of the World Trade Organization
On Sunday, the Ministry of Commerce participated for the first time since 2004 in the Ministerial Conference of the World Trade Organization, which is being held in the capital, Abu Dhabi.
Minister Atheer Al-Ghurairi said in a speech during his participation in the preparatory meeting of Arab trade and economic ministers within the Arab group for the thirteenth Ministerial Conference of the World Trade Organization, followed by Al-Iqtisad News, that “Iraq is participating for the first time since 2004 in the Ministerial Conference of the World Trade Organization, which is held in... The capital, Abu Dhabi,” pointing to “the completion of the requirements for Iraq’s accession to the organization, which is the completion of the files of trade in goods and trade in services within the timetable for joining the global multilateral trading system.”
The minister pointed to "the desire and seriousness of the Iraqi government to establish balanced economic relations with all countries of the world at various levels and fields by improving the business and investment environment and making real reforms in laws and legislation."
He thanked "the Kingdom of Saudi Arabia for supporting the process of Iraq's accession to the international organization through the visit of its permanent ambassador to the organization, Saqr Al-Muqbel, and his chairmanship of the working group for Iraq's accession."
Regarding intra-trade and increasing trade exchange between Arab countries, Minister Al-Ghurairi noted “Iraq’s keenness on the importance of the presence of Arab countries in Iraq to restore its effective role in economic organizations.”
The Minister offered congratulations to "the State of the Comoros and East Timor on obtaining membership in the World Trade Organization link
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Tishwash: Al-Sudani: Strategic projects will work to attract partnership and economic integration in Iraq
Prime Minister Muhammad Shiaa Al-Sudani confirmed on Sunday that major strategic projects will work to attract partnership and economic integration, while pointing to Iraq's foreign position.
Al-Sudani's statements came in a dialogue symposium held by the Baghdad Institute for Dialogue, under the slogan (Regional Communication... The Centrality of Iraq), during which current topics and the course of Iraqi relations with neighboring countries and the world were discussed, and the most prominent positions in this regard were discussed.
Al-Sudani pointed out, at the beginning of his speech during the symposium, the importance of these research institutions in decision-making, and their focus on facts away from confusion and prejudices, indicating that the government has set a primary goal for its work, which is to build trust with the Iraqi street, which is itself a criterion for determining priorities in work. .
On the security axis, he stressed that ISIS today represents a defeated organization. The recent operations of our armed forces have proven its inability to exist even in remote areas. If stability is achieved and the capabilities of our forces develop, they will strengthen the conviction of the possibility of ending the presence of the international coalition and moving towards bilateral relations.
Regarding foreign relations, the Prime Minister stated that Iraq follows a balanced approach, staying away from alliances and axes, and is open to developed relations with everyone, and has the ability to communicate with them, and also has distinguished relations with the United States and Iran.
Al-Sudani reiterated "Iraq's position that rejects its lands being an arena for others' conflict, pointing out the importance of intertwining interests in the region, and the shift from political focus to economic focus."
He continued by saying, "Major strategic projects, such as the Development Road Project, will work to attract partnership and economic integration, and they reinforce Iraq's idea of proposing an economic bloc, as was previously proposed at the Arab Summit, as projects that fuel development and enhance integration between Arab countries link
Mot: . Now - Don't Spoil it Ya Knows!!!
Goldilocks' Comments and Global Economic Sunday Evening 2-25-24
Goldilocks' Comments and Global Economic Sunday Evening 2-25-24
Good Evening Dinar Recaps,
HUTCHINSON, Kan. — "Reno County State Rep. Michael Murphy is backing a bill to allow for physical precious metals to pay for items in Kansas."
Kansas is the first state to run this proposal through the legislative committee process. Florida, Utah, Texas, and Oklahoma are all working on one.
If successful, these states will have their own depository. People will be able to use a debit card that represents the gold and silver held in this depository just like a bank.
The difference is that gold and silver is held in the depository and not paper money. Hutch Post
© Goldilocks
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Goldilocks' Comments and Global Economic Sunday Evening 2-25-24
Good Evening Dinar Recaps,
HUTCHINSON, Kan. — "Reno County State Rep. Michael Murphy is backing a bill to allow for physical precious metals to pay for items in Kansas."
Kansas is the first state to run this proposal through the legislative committee process. Florida, Utah, Texas, and Oklahoma are all working on one.
If successful, these states will have their own depository. People will be able to use a debit card that represents the gold and silver held in this depository just like a bank.
The difference is that gold and silver is held in the depository and not paper money. Hutch Post
© Goldilocks
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"Among the largest Citibank in the U.S. has conducted a simulation in which blockchain was used to tokenize a private equity fund, which could pave the way for greater institutional adoption of blockchain."
This pilot program is still in process. Yet, the soon-to-be adoption of crypto regulation and stablecoin utility use will make this a viable choice in the near future.
ETFs, collateralized assets, and tokenized assets held in a custody wallet are beginning to find their way into the banking system.
The simulations of blockchain transactions have been tested and seen as seamless movements of digital money very similar to the way traditional banking transactions have taken place.
The difference is that tokenized assets are collateralized by precious metals moving our banking system into a real-world asset type of transaction based on real values. CTN News l Chiang Rai Times
© Goldilocks
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"The US securities regulators are embarking on a comprehensive reform of the market infrastructure for US Treasuries. US Treasuries are debt securities issued by the United States Department of the Treasury to fund government spending."
These include:
Treasury bills (T-bills)
Treasury notes (T-notes)
Treasury bonds (T-bonds)
With the introduction of New Dealer Registration Requirements for the CFTC and the SEC, they will be working closer together in the future. EVERYTHING WILL BE ROLLING OVER TO THE CFTC FOR GOVERNANCE AND TRANSPARENCY WITH THIS NEW INFRASTRUCTURE REFORM OF THE NEW DIGITAL ECONOMY.
This new requirement for the US Treasury to register as a dealer will provide more collaboration between the CFTC and the SEC. The SEC will take a more active role in registering the new tokenized asset economy and the CFTC will take a more active role in governing these assets.
These new reforms will enforce higher Capital Requirements and increase more regulatory oversight to the Financial Stability Oversight Council.
All roads lead to gold, and gold will set us free.
© Goldilocks
Crypto Globe
Wikipedia
Maples
CFTC
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The Bond Market Is Doing Something Not Seen in Decades. It Could Signal Trouble in the Stock Market. | The Motley Fool
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Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes | Finance Yahoo
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WASHINGTON (AP) — As income tax filing season officially starts on Monday, a limited number of taxpayers in 12 states will soon be eligible to join an IRS pilot program that will allow them to calculate and submit their returns to the government directly without using commercial tax preparation software.
The Direct File pilot program is rolling out in stages. To start, certain government employees are being invited to participate in the first weeks. The program will expand in February and March to include additional taxpayers in certain states. PBS
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How Artificial Intelligence Is Reshaping Banking | Forbes
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Thoughts From Ariel : The Dinar is a Tier 2 Asset
Ariel : The Dinar is a Tier 2 Asset
Sunday, 25 February 2024
What I am about to upload needs to be read carefully. Because it goes back to a lot of what I explained to you all. One thing you need to understand is that you hold what banks need during the transition period.
And that is a Tier 2 asset called the Iraqi Dinar. The article will explain this to you on a formal basis.
By having a strong Tier 2 capital base, banks can weather financial storms more easily and maintain their ability to lend money and support the economy. That’s where you come in. Your IQD is going to play a pivotal role once it is reinstated on the Forex Market
Ariel : The Dinar is a Tier 2 Asset
Sunday, 25 February 2024
What I am about to upload needs to be read carefully. Because it goes back to a lot of what I explained to you all. One thing you need to understand is that you hold what banks need during the transition period.
And that is a Tier 2 asset called the Iraqi Dinar. The article will explain this to you on a formal basis.
By having a strong Tier 2 capital base, banks can weather financial storms more easily and maintain their ability to lend money and support the economy. That’s where you come in. Your IQD is going to play a pivotal role once it is reinstated on the Forex Market
Iraq will officially connect to corresponding foreign banks on March 1st to improve external balances.
After that will be the next big step and that’s becoming Article 8 Compliant and reinstating the IQD on global trade markets. After you read the article you will understand why banks had the meeting on February 20th for Tier 2 assets.
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Passing Through
Mckinle00935017: So it’s a “win-win” for us and the banks when we exchange after the revaluation?
Ariel Absolutely. You will be their lifeline. So they will treat you like royalty. No games will be played.
https://dinarchronicles.com/2024/02/25/ariel-prolotario1-the-dinar-is-a-tier-2-asset/
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Ariel : The Purpose of Tier 2 Reserves
Sunday, 25 February 2024
Making It Plain: Purpose of Tier 2 Reserves
• Tier 1 Capital: This is the thick, strong inner wall, made of things like shareholder equity and retained earnings. It’s the first line of defense against financial trouble.
• Tier 2 Capital: This is the second wall, not as strong as the first but still valuable. It’s made of things like undisclosed reserves, subordinated debt, and hybrid capital instruments.
Tier 2- A revaluation asset. Which is what the IQD and other foreign currency is considered. Banks are holding meetings to help set up this safety net against the coming currency revaluation that will phase out the fiat currency (USD) by converting your IQD into the US Treasury Bills that the banks will use as reserves.
So you will basically create a financial blanket against the coming Black Swan event when banks will have to weather this storm. So if you happen to have 10-50 million in IQD you just bolstered the reserves of the bank that will do your exchange.
The purpose of Tier 2 reserves, like other elements of Tier 2 capital, is to provide an additional buffer to protect the bank from losses. It acts as a cushion before the bank has to tap into its core capital and potentially affect its ability to lend money.
Here’s a breakdown of some key benefits of Tier 2 reserves:
• Absorb losses: If the bank faces bad loans or other financial difficulties, Tier 2 reserves can be used to absorb those losses before they reach the bank’s core capital. This helps to protect depositors and other creditors.
• Maintain financial stability: By having a strong Tier 2 capital base, banks can weather financial storms more easily and maintain their ability to lend money and support the economy.
Do you understand your role now? You will be the lifeline of banks going forward. They know this. Which is why they are preparing to serve your best financial interest once the IQD is trading globally on the Forex Market.
https://dinarchronicles.com/2024/02/25/ariel-prolotario1-the-purpose-of-tier-2-reserves/
"Tidbits From TNT" Sunday 2-25-2024
TNT:
CandyKisses: Faction leaders set a "deadline" for Americans: either withdraw or resume fighting
Today, Sunday (February 25, 2024), a number of leaders of armed factions in Iraq set a deadline for the United States to withdraw its forces from Iraq completely, while choosing between withdrawing or resuming attacks against US forces.
The US National Radio Network (NPR) quoted statements from the leaders translated by "Baghdad Today", where the spokesman for the Sayyid al-Shuhada Brigades, Kazem al-Fartousi, said that "the factions will resume attacks against US forces again if they do not withdraw by the next US elections in November next year."
TNT:
CandyKisses: Faction leaders set a "deadline" for Americans: either withdraw or resume fighting
Today, Sunday (February 25, 2024), a number of leaders of armed factions in Iraq set a deadline for the United States to withdraw its forces from Iraq completely, while choosing between withdrawing or resuming attacks against US forces.
The US National Radio Network (NPR) quoted statements from the leaders translated by "Baghdad Today", where the spokesman for the Sayyid al-Shuhada Brigades, Kazem al-Fartousi, said that "the factions will resume attacks against US forces again if they do not withdraw by the next US elections in November next year."
Unlike the battles fought by Iraq against Iran and Kuwait, which were imposed on it by Saddam Hussein's regime, this battle against US forces was chosen by the Iraqi people, not only to remove the forces' occupation, but also in support of the brothers in occupied Palestine," al-Fartousi said.
In turn, Kataib Hezbollah spokesman Mohammed Mohi, according to the network, said that "the US administration will pay a heavy price for the assassinations carried out against leaders in the Popular Mobilization Forces during the past month, most notably Baqir al-Saadi," stressing that "Kataib Hezbollah will confront the US forces and expel them not only from Iraq but from the entire region."
The network indicated that "the assassination of Baqir al-Saadi and the air strikes carried out by US forces last month against targets inside Iraq prompted the continuous efforts to remove US forces to escalate," wondering about "the reasons that call for the administration of US President Joe Biden to keep US forces in Iraq despite the lack of need."
The network pointed out in its report and interviews with faction leaders, that "Iraq has witnessed great security stability during the past period, the presence of US forces has become directly threatened by the tension between the factions and those forces," calling for "reconsidering their presence during the coming period to preserve the security gains achieved inside Iraq."
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Tishwash: Al-Bayati: America practices a policy of double standards to control Iraqi funds
Former MP Jassem Al-Bayati accused the American side of practicing a policy of double standards through its control of Iraqi funds and oil revenues in its banks and imposing sanctions on Iraqi banks under unjustified pretexts.
Al-Bayati told Al-Maalouma, “America imposes its control over Iraqi funds and imposes sanctions on local banks, while granting licenses to international ones operating in Iraq.”
He added, "International banks operating in Iraq receive billions daily because of American policy," noting, "These banks obtain, control, and control Iraqi funds without any deterrent."
He stated that "America imposes a ban on Iraqi banks and sanctions on Shiite parties."
He described the American measures as "a farce, especially since this money it controls is money from Iraqi oil sold abroad, and not money belonging to it to impose its authority over." link
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CandyKisses: Al-Hakim congratulates Kuwait on the anniversary of their liberation from Saddamist occupation
Baghdad Today - Baghdad
The President of the National State Forces Alliance, Ammar Al-Hakim, congratulated the State of Kuwait on Sunday (February 25, 2024) on the occasion of the anniversary of liberation from the "Saddam occupation".
Al-Hakim said in a statement received by "Baghdad Today", "We congratulate the government and people of Kuwait on the Kuwaiti National Day, which coincides with the anniversary of Kuwait's liberation from the Saddam occupation, which tasted the peoples of the two brothers neighboring countries, Iraq and Kuwait, and the entire region and inflicted heavy losses whose devastating effects will remain visible."
Al-Hakim added, "We all hope that the relations of brotherly and friendly countries will be characterized by brotherhood, love, joint work, mutual interests and respect to serve the higher interest of their peoples," praying to the Almighty to "keep the evils of terrorism, extremism and hatred away from our countries and bring security, stability and prosperity to them."
Every year on 25 February, Kuwait celebrates National Day, the anniversary of its independence from the United Kingdom in 1961, as well as Liberation Day from the "Saddam" invasion in 1991.
In August 1990, Iraq under former President Saddam Hussein invaded Kuwait before liberation the following year with Arab and international assistance, while the two sides resumed diplomatic relations in 2003 after the overthrow of Saddam's regime.
Mot: .... Perfect Timing Believe in a miracle
Member: .... Aaaahhhhhh - the Things ole ""Earl"" Helps Us Learn each Daze!!!
News, Rumors and Opinions Sunday AM 2-25-2024
KTFA:
Frank26: "LIKE A GEIGER COUNTER THE CBI ROAMS".............F26
The outlets seized money in Iraqi dinars and dollars whose owners tried to smuggle them out of the country
- Baghdad
On Thursday, the Border Ports Authority announced the seizure of funds in Iraqi dinars and dollars whose owners attempted to smuggle them out of the country.
A statement by the authority, seen by Al-Iqtisad News, said: “The Trebil border port was able to arrest an Iraqi traveler in possession of (7) MasterCard cards at the departures checkpoint without declaring them, and after examining them with the POS machine at the Civil Customs Center, it was found that the total amounts amounted to (52,829,000) fifty-two million eight hundred and twenty-nine thousand Iraqi dinars.”
KTFA:
Frank26: "LIKE A GEIGER COUNTER THE CBI ROAMS".............F26
The outlets seized money in Iraqi dinars and dollars whose owners tried to smuggle them out of the country
- Baghdad
On Thursday, the Border Ports Authority announced the seizure of funds in Iraqi dinars and dollars whose owners attempted to smuggle them out of the country.
A statement by the authority, seen by Al-Iqtisad News, said: “The Trebil border port was able to arrest an Iraqi traveler in possession of (7) MasterCard cards at the departures checkpoint without declaring them, and after examining them with the POS machine at the Civil Customs Center, it was found that the total amounts amounted to (52,829,000) fifty-two million eight hundred and twenty-nine thousand Iraqi dinars.”
The statement added, "The Shalamcheh border port was able to arrest an Iraqi traveler in the departure hall who did not have official documents in possession of (62) thousand US dollars. He tried to smuggle it by concealing it in a professional manner."
He pointed out, "Their statements were duly recorded and they were referred, along with the seized items, to the competent judicial authorities to take legal measures against them." LINK
Frank26: "BECAUSE IT WAS STARTED WITH THE MONETARY REFORM FIRST IN ORDER FOR THE ECONOMIC REFORM TO SUCCEED"..............F26
Multiple advantages and an important turning point... How did electronic payment methods affect the Iraqi economy?
2/22/2024 Baghdad
The process of gradual transformation towards the use of electronic payment methods has constituted an important economic turning point in Iraq, especially with government support that stresses the necessity of adopting this type of dealings in all governmental and private departments, which specialists describe as “important”, stressing that the transformation towards...
The use of “electronic money” represented by payment cards, and abandoning cash dealing, carries several advantages, including eliminating many cases of corruption, absorbing citizens’ hoarded cash, as well as the possibility of reducing the rise in inflation after using small amounts in buying and selling operations through points. Electronic sales, according to the official newspaper.
This electronic transformation of the use of money in daily transactions represents the utmost importance in the government’s directions, which is making great efforts to complete this direction, especially after “the Council of Ministers had previously obligated private educational institutions, universities, private colleges, fuel processing stations, centers and shops of all kinds.” Restaurants, pharmacies, private medical clinics, stores, all wholesale and retail marketing outlets, professionals, and others that require payment for their interests within the boundaries of the Baghdad Municipality and the governorate centers and districts throughout Iraq, with a minimum amount of their cash receipts through the electronic point-of-sale (POS) system. .
Despite the short period of time in which it was officially decided to actually start using electronic payment methods (POS) in the country, “the World Bank believes that the infrastructure for electronic payment systems in Iraq is the best in the region,” praising during a meeting with the Governor of the Central Bank, Ali Mohsen Al-Alaq, Director of the World Bank Office in Iraq, Richard Abdel Nour, explained, “The Central Bank’s procedures for facilitating financial transfers to different segments in Iraq.”
Al-Alaq had confirmed that “the Central Bank and the government give great priority to the issue of electronic payment because of its important economic repercussions and raising the level of transactions away from excessive use of cash,” indicating that “the Iraqi economy is a cash economy par excellence and the electronic payment process aims to reduce the economic degree of cash in a way.” big ".
The Central Governor added, "The Prime Minister is very supportive of the process of transitioning to electronic payment and holds successive and continuous meetings in order to strengthen the procedures related to this issue. We have made important progress in arranging electronic payment at the level of collection and payment in state institutions."
The "gradual" dispensing with paper money is, according to a member of the Iraqi Economists Association, economic researcher Muqadam Al-Shaibani, of great importance capable of achieving packages of positive results, especially since the dissemination of electronic payment tools in all stores will contribute to gradually abandoning the use of cash, and this will be It has significant consequences for the national economy.
Al-Shaibani also pointed out that the government granted privileges to all store owners by exempting them from tax if they use electronic payment methods, and this constitutes an important incentive, pointing at the same time to what he described as the “fundamental point” that the electronic payment process can achieve.
He explained the possibility of absorbing approximately 92% of the cash mass saved in homes after the complete shift towards electronic currency dealing, as the banking system will be able to invest it in supporting productive projects that contribute to the continuation of the money cycle and reduce inflation rates and also contribute to a high degree in eliminating red tape and corruption in institutions. The state, stressing the need to issue punitive decisions on public and private institutions and agencies that are reluctant to implement and publish electronic payment tools.
It is noteworthy that the Association of Private Banks, in a statement to the official agency, counted the number of electronic payment devices and payment cards during the year 2023, confirming that this issue is witnessing a major transformation.
The Executive Director of the Association of Banks, Ali Tariq, said: “The electronic payment file is making continuous progress thanks to the support and directives of Prime Minister Muhammad Shiaa Al-Sudani, and the government’s insistence on achieving this goal has stimulated all institutions, whether governmental, private or financial institutions, to cooperate in the field of providing electronic payment tools to the citizen.” Across the public and private sectors.”
He pointed out that "after the issuance of the Council of Ministers' decision to generalize electronic payment last year, a very significant progress and leap was achieved with regard to the number of points of sale, whether in the private or government sector, as it rose in just half a year from about 7,000 devices to 24,000 devices at the end of the same year." 2023, expecting that “the number of electronic payment devices will increase further during the year 2024.”
He pointed out that "nearly two and a half million cards were issued in 2023, whether prepaid cards or cards linked to an account to activate them in this field." LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Jeff The starting point of the US interactions with Iraq was on March 17, 2003...Is it possible the US might end its actions with Iraq on the anniversary date of when it started...March 17, 2024?
Frank26 Question: "Is it good to hold some of our currency and hope the exchange rate will increase years from now?" That's your decision. I can't answer that for you. But its a logical thing if it's in the float. Let's say you got 2 million, exchange 1 million and check out the float. Maybe you can get it for 2 to 1, 3 to 1, 4 to 1. Yeah, that's proper stewardship. But based on the amount of time they give you is how you determine whether you hold them or fold them.
Why Central Banks Have Been Stockpiling Gold | Ronald-Peter Stoeferle
David Lin: 2-24-2024
Ronald-Peter Stoeferle, Managing Partner of Incrementum AG and author of the "In Gold We Trust" report, discusses why central banks around the world have been adding to their gold reserves, as well as the impact of monetary and fiscal policies on markets this year.
0:00 - Intro
1:20 - 2024's investment themes
3:30 - Monetary policy
4:41 - Fiscal policy
6:35 - Global trends
10:15 - Stocks vs. gold
14:43 - Central bank gold reserves
19:48 - Consumer spending
21:47 – Bitcoin
More News, Rumors and Opinions Saturday Night 2-24-2024
TNT:
CandyKisses: Revealing the most prominent points of contention over the oil law
Information / Baghdad.The parliamentary oil, gas and natural resources committee revealed on Saturday seven points of contention between the region and the center in the draft oil and gas law.
Committee member Ali Al-Mashkour told Al-Maalouma that "the oil and gas law faces 7 controversial points, most notably the region's demand for the right to veto decisions from the Oil Council, and this matter cannot be accepted."
He added that "there is a real intention in Baghdad to clear the differences between the region and the center on the points of contention over the oil and gas law," and pointed out that "the other point of contention is the marketing mechanism and whether It is done through SUMO or through the region, as well as financial revenues."
TNT:
CandyKisses: Revealing the most prominent points of contention over the oil law
Information / Baghdad.The parliamentary oil, gas and natural resources committee revealed on Saturday seven points of contention between the region and the center in the draft oil and gas law.
Committee member Ali Al-Mashkour told Al-Maalouma that "the oil and gas law faces 7 controversial points, most notably the region's demand for the right to veto decisions from the Oil Council, and this matter cannot be accepted."
He added that "there is a real intention in Baghdad to clear the differences between the region and the center on the points of contention over the oil and gas law," and pointed out that "the other point of contention is the marketing mechanism and whether It is done through SUMO or through the region, as well as financial revenues."
Tishwash: US Troops to Stay in Syria and Iraq but Perhaps Not for Long
In recent weeks, there have been meetings in Washington and in Baghdad about the presence in Iraq and Syria of US troops, whose official mandate is to aid local forces against remnants of the so-called Islamic State (IS).
These meetings come following the post-October 7 surge of attacks on US forces in the region by Iran-backed Shia militias seeking to take advantage of the Israel-Hamas war and Arab public anger over unconditional US support for Israel. The Biden administration does not want to be seen as “cutting and running,” as that would show these militias and their patron in Tehran that they can drive the United States out of the Middle East. The strong US military response earlier in February following a January 28 Iraqi militia drone strike killed three American servicemembers at a US base in Jordan has temporarily stopped such attacks. But the ongoing discussions in the US and Iraqi capitals suggest that Washington may be planning for an eventual withdrawal.
Since 2013 the United States has partnered with the Syrian Kurds to combat IS in the northeastern part of the country. US military commanders found that these Kurds, mostly associated with the People’s Protection Units (YPG), were experienced fighters willing to sacrifice to rid their area of the IS presence. The fact that these Kurds incurred more than 10,000 casualties in the counter-IS campaign earned them the respect of the US military. Given that large parts of northeastern Syria are inhabited by Arab Sunni tribes, however, the United States worked with the Syrian Kurds to bring ethnic Arabs into their militia force, thereby creating the Syrian Democratic Forces (SDF).
This force is the main protector of the Kurdish-led Autonomous Administration of North and East Syria (AANES), formerly called Rojava, which means “west” in the Syrian Kurdish dialect and refers to what Syrian Kurds see as the western part of traditional Kurdistan.
Turkish incursion further south into Syria.
But Reassessing Syria Policy
Unbeknownst to Syrian Kurds at the time, on January 18, 2024, the National Security Council held an Interagency Policy Council meeting about the future of the US troop presence in northeastern Syria. At the working-level meeting, which was held at the behest of the Department of Defense, the Pentagon reportedly floated the idea that the Syrian Kurds should partner with the Syrian regime in its fight against IS. Although no decision was made, a follow-on senior level meeting is supposed to take place soon. That the January 18 meeting happened at all indicates that elements in the US government are looking for ways to remove US forces from Syria.
When apprised of the meeting by a reporter, SDF commander Mazlum Abdi said he was “stunned and unable to fathom the reasoning behind this rotten plan.” He emphasized that IS controls swaths of territory to the west of the Euphrates River on the “regime side” and maintains a presence on the road to Damascus. Kobane added that the Syrian regime refuses “any meaningful dialogue” and opposes a “democratic future of Syria.”
He also said that Syrian government forces are incapable of defending the territories under its control against IS, “let alone ours.” Indeed, one American think tank expert said he had been approached by several US officials to ring the “alarm bells” about a potential US withdrawal from Syria because it is “not being properly thought through.”
However, it is unlikely that the Biden administration would support a removal of US troops from northeastern Syria before the November presidential election, since the optics of the United States abandoning the Syrian Kurds could have shades of the disastrous 2021 American withdrawal from Afghanistan. But it is possible that Biden could remove troops after the election. If Trump were to return to the presidency, such a withdrawal Is almost certain.
Why the Biden administration may want to remove troops from Syria is speculation at this point but may be tied to several factors. One factor may be simply that US troops and bases have become convenient targets for pro-Iran militias, and the specter of a wider war between the United States and Iran makes their presence even more risky.
Second, the Biden administration may be inclined to curry favor with Turkey, with a US withdrawal from Syria perhaps serving as a quid pro quo for Ankara’s recent decision to agree to admit Sweden to NATO.
Third, the Biden administration believes the Assad regime is likely to remain in power for the foreseeable future and thus, if an indefinite US military presence in Syria is not in the cards, that the Syrian Kurds need to reach some type of accommodation with the regime. In other words, a Syrian Kurdish rapprochement with Damascus may be the least unpalatable option for the Kurds. Turkey, Iran, and Russia, which all have forces in Syria, oppose Syrian Kurdish autonomy. While the Assad regime is not in favor of autonomy either, such thinking goes, it may not be in a strong enough position to take on the SDF militarily and thus may reach an accommodation with it.
States. For all these reasons, there have been no militia attacks on US military personnel or bases in Iraq and Syria since February 4, though the SDF claimed that a pro-Iranian militia force hit one of its bases in Syria on February 5, killing six Kurds.
Indefinitely, but it must conduct any withdrawal judiciously. Whether it likes it or not, the United States has a moral obligation to the Syrian Kurds, to whom it owes much in the fight against IS. Saying that they should simply make an accommodation with the Assad regime is inadequate and irresponsible.
Washington should also make clear to the Turkish government that a US withdrawal should not be a signal for Ankara to move further south and destroy the AANES entity. In Iraq, US and Iraqi officials should come to a realistic understanding of when the Iraqi military will no longer need US training to take on IS cells without US support. In other words, military capabilities should be the driving force behind any withdrawal decision, though politics will almost assuredly intervene.
(Arab Center Washington)
Disclaimer: the views expressed in this report do not necessarily reflect the official standpoint of Shafaq News Agency. link
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Iraq's natural resources to stimulate growth is off the charts. They're right there underneath just a few countries... United States, Saudi Arabia...When it comes to valuation they're going to have to value the currency at some point in time to a Real Effective Exchange Rate (REER)...
Frank26 You know the qualifications to be part of the WTO. Is it to have value to their currency? No. It is to have a currency with no restrictions. Therefor if there are no restrictions on their currency, Hey, CBI, go crazy!
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The $900 BILLION Banking Crisis Threatening U.S. Banks, Debt Is Skyrocketing
Atlantis Report: 2-24-2024
With a staggering 900 billion dollars in commercial real estate debt set to mature this year and interest rates remaining stubbornly high, the stage is set for a perfect storm that could shake the foundations of the banking industry.
As the Federal Reserve grapples with the delicate balance of controlling inflation while avoiding a downturn, experts warn of an impending crisis that could rival the magnitude of the 2008 financial meltdown.
Against this backdrop of uncertainty, financial analysts and regulators are sounding the alarm, highlighting the vulnerabilities that have left banks exposed to mounting losses and delinquencies.
Goldilocks' Comments and Global Economic News Saturday Evening 2-24-24
Goldilocks' Comments and Global Economic News Saturday Evening 2-24-24
Good Evening Dinar Recaps,
Meet the new HIPAA requirement...
"Requirement 4.2 of PCI DSS mandates that the Primary Account Number (PAN) must be protected with strong cryptography during transmission. This directly aligns with ISO 27001:2022's control A. 8.24, which calls for the use of cryptography to protect information."
Patient confidentiality is a must in the healthcare setting. As you can see, exchange of information on the new Quantum Financial System that includes hospital settings and such are a must.
The new version of PCI DSS (4.0) will be mandatory from March 31, 2024. It will introduce more requirements needed to secure patient information during the transfer of a diagnosis and payments from various medical settings.
Securing autonomy between a patient and doctor is of prime importance in healthcare ethics. I sat on several ethics committees in my work inside the healthcare setting for years, and it is difficult enough to get patients to open up to doctors what's really going on with them.
This is why autonomy and security information in the healthcare setting is the number one ethical priority for those who work in healthcare. It looks like hospitals and other healthcare settings are working to secure their payment system on the QFS. Texas Health Law Isms Vanta
© Goldilocks
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Goldilocks' Comments and Global Economic News Saturday Evening 2-24-24
Good Evening Dinar Recaps,
Meet the new HIPAA requirement...
"Requirement 4.2 of PCI DSS mandates that the Primary Account Number (PAN) must be protected with strong cryptography during transmission. This directly aligns with ISO 27001:2022's control A. 8.24, which calls for the use of cryptography to protect information."
Patient confidentiality is a must in the healthcare setting. As you can see, exchange of information on the new Quantum Financial System that includes hospital settings and such are a must.
The new version of PCI DSS (4.0) will be mandatory from March 31, 2024. It will introduce more requirements needed to secure patient information during the transfer of a diagnosis and payments from various medical settings.
Securing autonomy between a patient and doctor is of prime importance in healthcare ethics. I sat on several ethics committees in my work inside the healthcare setting for years, and it is difficult enough to get patients to open up to doctors what's really going on with them.
This is why autonomy and security information in the healthcare setting is the number one ethical priority for those who work in healthcare. It looks like hospitals and other healthcare settings are working to secure their payment system on the QFS. Texas Health Law Isms Vanta
© Goldilocks
~~~~~~~~~~
On March the 6th, 2024, the CFTC is having a follow-up meeting with the Global Markets Advisory Committee.
The GMAC is a subcommittee that represents the Digital Market Financial System. This meeting is expected to be a time for them to discuss recommendations on their findings so far and move forward with the Digital Financial System.
The purpose of this meeting is to "enhance the resiliency and efficiency of global markets, including increased liquidity in U.S. Treasury markets and the upcoming transition to T+1 securities settlement."
My understanding is that instant settlements are already being worked on. It is also my understanding from conversations with developers that the move from T+1 settlements to T+0 will not take long.
As they are stating in this next meeting, they're going to discuss liquidity in the US Treasury Markets. More and more millionaires and billionaires are retrieving their funds from the stock market and moving into digital economy assets.
This move encompasses assets tokenized and supported by gold. It provides investment opportunities many of these whales are looking for to move their money.
We are witnessing a ground-floor opportunity for those who decide to participate inside the new digital economy. Traders pray for such opportunities as this we are witnessing.
As we move into legislative regulations for protocols inside the crypto economy, stablecoins to pay for these tokenized assets will be coming into focus. CFTC
© Goldilocks
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Zoniqx partners with Ripple to revolutionize asset tokenization on the XRP Ledger.
Integration leverages XRPL's blockchain infrastructure for enhanced efficiency and accessibility.
The collaboration marks a milestone in setting new standards for digital asset management. CoinGape
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Billionaires Dumping Stocks, Economist Knows Why - Safe Retirement Strategies
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February 20 was a momentous day for the Stellar (XLM) ecosystem, marking a shift from its exclusive role as a payment protocol to a platform capable of hosting Decentralized Applications (DApps).
This pivotal event was the deployment of the first smart contract on the Stellar mainnet hours after the successful implementation of Protocol 20. Times Tabloid
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The Future of Securities Tokenisation and Crypto Regulation | RegulationAsia
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Wisconsin House Votes Overwhelmingly to End Sales Tax on Sound Money
Wisconsin Ends Sales Tax on Gold and Silver
Friday, 23 February 2024
Wisconsin House Votes Overwhelmingly to End Sales Tax on Sound Money
Jp Cortez February 20th, 2024
(Madison, Wisconsin) – The Wisconsin Assembly just voted overwhelmingly to end sales taxes on purchases of gold and silver.
Assembly Bill 29, primarily sponsored by Rep. Shae Sortwell, just passed out of the State Assembly by a bipartisan vote of 86-12. This popular bill is cosponsored by almost two dozen other legislators and enjoys wide support – and would align Wisconsin with the policies of 43 other U.S. states.
Wisconsin Ends Sales Tax on Gold and Silver
Friday, 23 February 2024
Wisconsin House Votes Overwhelmingly to End Sales Tax on Sound Money
Jp Cortez February 20th, 2024
(Madison, Wisconsin) – The Wisconsin Assembly just voted overwhelmingly to end sales taxes on purchases of gold and silver.
Assembly Bill 29, primarily sponsored by Rep. Shae Sortwell, just passed out of the State Assembly by a bipartisan vote of 86-12. This popular bill is cosponsored by almost two dozen other legislators and enjoys wide support – and would align Wisconsin with the policies of 43 other U.S. states.
AB 29 would exempt “precious metals bullion,” defined as coins, bars, rounds, and sheets that contain at least 35% gold, silver, copper, platinum, or palladium.
Imposing taxes on the exchange of Federal Reserve notes for monetary metals (i.e. gold and silver) has become an unusual and outmoded practice in the United States… only 7 states still engage in it.
Passage of these bills would remove a major disincentive to holding gold and silver — a move that has become especially pertinent at a time when inflation is ripping through the economy and wreaking havoc on family budgets.
Article 1, Section 10 of the U.S. Constitution prescribes that gold and silver are money, and imposing a tax on the exchange of one money for another is inherently illogical. But there are other strong public policy reasons why so few states still impose sales tax on precious metals purchases:
Levying sales taxes on precious metals is inappropriate. Sales taxes are typically levied on final consumer goods. Computers, shirts, and shoes carry sales taxes because the consumer is “consuming” the goods. Precious metals are inherently held for resale, not “consumption,” making the application of sales taxes on precious metals inappropriate.
Studies have shown that taxing precious metals is an inefficient form of revenue collection. The results of one study involving Michigan show that any sales tax proceeds a state collects on precious metals are likely surpassed by the state revenue lost from conventions, businesses, and economic activity that are driven out of the state.
The harm is exacerbated when you consider that all of Wisconsin’s neighbors (Minnesota, Iowa, Illinois, and Michigan) have already stopped taxing gold and silver. This harms in-state businesses. Tennessee ended this tax in 2022, and Arkansas and Ohio eliminated this tax in 2021.
Taxing precious metals is unfair to certain savers and investors. Gold and silver are held as forms of savings and investment. Wisconsin does not tax the purchase of stocks, bonds, ETFs, currencies, and other financial instruments.
Taxing precious metals is harmful to citizens attempting to protect their assets. Purchasers of precious metals aren’t fat-cat investors. Most who buy precious metals do so in small increments as a way of saving money. Precious metals investors are purchasing precious metals as a way to preserve their wealth against the damages of inflation. Inflation harms the poorest among us, including pensioners, Wisconsinites on fixed incomes, wage earners, savers, and more.
More than a dozen states have introduced pro-sound money legislation in 2024 so far, including Alaska, Indiana, Iowa, Georgia, Kansas, Kentucky, Missouri, New Hampshire, Nebraska, New Jersey, Oklahoma, Vermont, and West Virginia.
https://dinarchronicles.com/2024/02/23/wisconsin-ends-sales-tax-on-gold-and-silver/
"Tidbits From TNT" Saturday 2-24-2024
TNT:
Tishwash: Al-Araji: There will be a return of gratitude to the international coalition countries that provided to Iraq
National Security Advisor Qasim Al-Araji said on Saturday that the federal government will conclude bilateral security agreements with the countries of the international coalition forces led by the United States of America as a response to what they provided to Iraq in the war against ISIS, and there will be no rift with them if they withdraw from the country. .
Al-Araji's statements came during a dialogue session on the sidelines of the sixth Baghdad International Conference, which began this morning.
Al-Araji said in his statements that drugs have become the first danger in Iraq. ISIS is present in some remote places such as mountains and caves, and the security and intelligence services have accurate information about this presence, and are targeting the organization’s leaders.
Regarding the statistics that some reports indicate that there are 5-6 thousand members of the organization in Syria and Iraq, Al-Araji said: This number is exaggerated.
TNT:
Tishwash: Al-Araji: There will be a return of gratitude to the international coalition countries that provided to Iraq
National Security Advisor Qasim Al-Araji said on Saturday that the federal government will conclude bilateral security agreements with the countries of the international coalition forces led by the United States of America as a response to what they provided to Iraq in the war against ISIS, and there will be no rift with them if they withdraw from the country. .
Al-Araji's statements came during a dialogue session on the sidelines of the sixth Baghdad International Conference, which began this morning.
Al-Araji said in his statements that drugs have become the first danger in Iraq. ISIS is present in some remote places such as mountains and caves, and the security and intelligence services have accurate information about this presence, and are targeting the organization’s leaders.
Regarding the statistics that some reports indicate that there are 5-6 thousand members of the organization in Syria and Iraq, Al-Araji said: This number is exaggerated.
He added that in 2014, we were required to bring friendly forces to help us confront ISIS, and from 2014 to 2024 our forces developed a lot and have experience in confronting organizations, and therefore the government formed from all sectors decided to re-evaluate the presence of these forces.
Al-Araji went on to say that there will be a return of the favor in the form of concluding bilateral security agreements with the countries of the international coalition, and these countries welcome this matter and there is no objection on their part.
The National Security Advisor also confirmed that the NATO coalition is in Iraq for consultation, and they are not combat forces, and international cover is there. We have not severed relations with the international coalition, and there are negotiations with them, and the Iraqi government is awaiting the results of the committees. link
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Tishwash: The Iraqi governorates that decided to suspend working hours next Monday
A number of Iraqi governorates decided to suspend official working hours next Monday (February 26, 2024).
The governorates of (Karbala, Muthanna, Babil, Wasit, Maysan, Basra and Dhi Qar) announced, until preparing the news, the suspension of official working hours next Monday, on the occasion of the Shaabani visit.
The holiday excluded security, service and health departments in the aforementioned governorates. link
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CandyKisses: A thousand cards and 250 million dinars. Qi Card counts its participation in the book fair
Economy News - Baghdad
The International Smart Card Company (K-Card) revealed on Friday the results of its participation in the Iraq International Book Fair.
The director of the awareness department in the company, Muhammad Ali Saeed, on the sidelines of his participation in one of the sessions of the Iraq International Book Fair, and attended by the correspondent of "Economy News", that "the global company for smart card (Key Card) issued during the exhibition more than a thousand electronic payment cards", noting that "the purchase movements through the cards exceeded the 1500 movements."
He added that "the value of the amounts paid through these cards ranges between 30 or 40 million dinars," noting that "the value of the amounts that visitors loaded their card with exceeded the barrier of 250 million dinars."
Ali stressed "the need for integration between citizens' electronic accounts and their bank accounts because this would facilitate many banking operations inside and outside Iraq
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CandyKisses: Seizure of accused of bribery, manipulation and waste of 426 million dinars in Dhi Qar
Economy News - Baghdad
The Federal Integrity Commission announced on Friday the seizure of those accused of bribery and manipulation, while revealing that it had monitored waste worth more than four hundred million dinars, and the seizure of expired medical materials in Dhi Qar.
The Authority's Information and Government Communication Office said in a statement, seen by "Economy News", that "the staff of the Dhi Qar Investigation Office, which moved to the Real Estate Registration Directorate in Nasiriyah, caught one of the directorate's surveyors red-handed receiving bribes with the flagrante delicto, indicating that the seizure process was carried out in accordance with the provisions of Resolution (160 of 1983), after the accused received the bribe amount in exchange for completing a transaction in violation of the law."
The statement added that "the staff of the Commission monitored the monitoring of an accused who buys receipts for the transactions of allocating land plots and official documents (national card - housing card - civil status identity) from citizens for the purpose of allocating and selling them to other people in exchange for sums of money, in order to obtain plots of land in the names of other people, noting the arrest of the accused after a tight ambush by the staff of the Commission's investigation office."
He explained that "the Dhi Qar Reconstruction Fund caused a waste of public money as a result of the failure to take legal measures against a general contracting company to which the project to deliver electricity to a group of villages in the Dawaya district was referred to an amount of (2,335,309,000) two billion dinars, despite exceeding the contractual period for the completion of the project."
He pointed out that "the report of the External Audit Division stated that the Fund did not collect the amount of the delay fine imposed on the company under the terms of the contract, which totaled (426,193,710) million dinars."
He continued, "The field emergency team in the office noticed during an inspection tour at Nasiriyah Teaching Hospital the presence of expired diabetic examination strips," pointing out that "the hospital administration allowed the use of these chips in the examination of patients in the hospital despite that
Mot: .... Has a very !!!!!! Happy weekend
Mot: ... hoping this brightens your day
