More News, Rumors and Opinions Wednesdday Afternoon 2-28-2024
KTFA:
Clare: Iraq completes requirements to join WTO
2/28/2024
The Iraqi Minister of Trade, Atheer Al-Ghurairi, affirmed that Iraq fulfilled the conditions necessary to become a member of the World Trade Organization (WTO) following the completion of economic reforms and the enhancement of the investment climate.
Al-Ghurairi told the Emirates News Agency (WAM) that Baghdad finalized issues related to goods and services in accordance with the deadlines set for integration into the international trade system.
The remarks of the Iraqi Trade Minister took place during his participation in the 13th Ministerial Conference of the WTO held in the UAE capital, Abu Dhabi.
KTFA:
Clare: Iraq completes requirements to join WTO
2/28/2024
The Iraqi Minister of Trade, Atheer Al-Ghurairi, affirmed that Iraq fulfilled the conditions necessary to become a member of the World Trade Organization (WTO) following the completion of economic reforms and the enhancement of the investment climate.
Al-Ghurairi told the Emirates News Agency (WAM) that Baghdad finalized issues related to goods and services in accordance with the deadlines set for integration into the international trade system.
The remarks of the Iraqi Trade Minister took place during his participation in the 13th Ministerial Conference of the WTO held in the UAE capital, Abu Dhabi.
The Iraqi government expressed interest in joining the WTO after submitting a request to do so in 2004. Iraq needed to be a member of the multilateral international trade system in order to regain its place as a major player in the global economy.
Al-Ghurairi mentioned that an Arab-level gathering would be held to hear about their experiences prior to joining the organization and how to take advantage of its benefits.
In addition to debating the future of the global trade movement in light of current challenges, Al-Ghurairi said that the conference sends a strong message to the countries of the world about the value of joining this organization.
The Iraqi official added that Iraq is attempting to expand its commercial and economic connections around the world in order to create new opportunities for collaboration. LINK
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Clare: The Advisor to the Association of Banks praises the Prime Minister's support for the strategy of the Central Bank and private banks in achieving banking reform
2/28/2024 Baghdad
Advisor to the Iraqi Association of Private Banks, Samir Al-Nusairi, praised Prime Minister Muhammad Shiaa Al-Sudani’s support for the procedures of the Central Bank and private banks to achieve banking reform, and his constant and continuous confirmation that support will remain a major goal until the banking sector overcomes all the challenges and obstacles it suffers from, both local and external, indicating that this Paying attention to the measures that the Central Bank launched in 2023 and that it will launch in 2024 has enabled the economy to recover and achieve good growth rates.
Samir Al-Nusairi said: Since assuming responsibility, the government has implemented policies and mechanisms in cooperation and coordination with the Central Bank and has developed a detailed road map to address the lack of methodology, the previous dispersion in financial policies, the chaos in managing the economy, and the imbalance that occurred as a result of the lack of coordination between financial and monetary policies.
He added, “The map included diagnosing the deficiencies and developing solutions, accompanied by the Central Bank reconsidering the tools and applications of monetary policy and focusing its plans on achieving priorities that are based on achieving financial and banking reform first.”
He continued, "These steps resulted in the issuance of reform decisions to enable the economy to grow at good rates, which were confirmed by international organizations, especially the recent reports of the World Bank and the International Monetary Fund, and their acknowledgment that the Iraqi economy in 2023 left fragility to gradually recover and achieved an inflation rate at an annual rate of 3.7%, which is the lowest rate in comparison." By 7%, in January 2023.”
He stressed that “this rate is the lowest compared to the inflation rates in the Arab and regional countries for the same period, and this is one of the goals of monetary policy by reducing inflation and maintaining the general level of prices despite the fluctuation in the exchange rate on the black market. In addition to that, the expectation of achieving growth in Non-oil GDP by 5%.”
Al-Nusairi explained, “The measures also included organizing the financing of foreign trade, regulating the global banking system, moving banks to build trust relations with global correspondent banks, obtaining their approval to open accounts for our banks with them, allowing direct commercial and banking dealings with them, gradually leaving the electronic platform, and introducing new foreign currencies into dealing.” For the purposes of foreign trade with China, the Emirates, Turkey and India, in addition to the US dollar, which will help stabilize the exchange rate in the trading market.”
Al-Nusairi pointed out that “the measures were also supported by the serious approach of the government and the Central Bank to move and transform from the cash economy to the digital economy and focus on developing electronic payment systems and securing the infrastructure for that, establishing a national company for payment systems, reconsidering the structure of banking financing, and preparing to launch the national lending strategy and establishing a Riyada Bank.” To finance small and medium enterprises and to reconsider the structural, regulatory and supervisory structure of the bank’s specialized departments.”
He added, “The important and basic priority that the Central Bank is working on includes preparing to launch the financial inclusion strategy, as the number of accounts opened in banks has grown by an increase of 25%, to reach more than 10.5 million accounts, while the number of credit cards issued has reached more than 18.5 million.” Card increased by 19%. The financial inclusion rate reached 41%, up from 33.5%.”
He pointed out that “all these reform measures were completed under difficult and complex circumstances during 2023, and with continuous communication, support, harmony, cooperation, support and supervision between the Prime Minister, Muhammad Shiaa Al-Sudani, and the Governor of the Central Bank, Ali Mohsen Al-Alaq, which enabled the economy to recover and advance, and the problems and obstacles to banking work will inevitably be overcome.” "The current situation is supported by wisdom, effective government intervention, and the banks' determination to move forward towards implementing the reform approach to the banking sector in the next stage." LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Everything we've been seeing in the news...is quite intense in respect to a lot of the things we've been talking about... Article: "Iraq's Minister of Trade: We seek to join the World Trade Organization and expand our economic relations with the world" That's pretty bold. Quote: "...Iraq is now able to enter the global trade market through the organization on a large scale." There you have it...That is a massive quote.
Frank26 [Key Bank story] BANK STORY LADY: I've been banking with them for about a year...A few months ago I was talking to my contact and I was telling her about the exchange and asked if she had heard anything. She hadn't and they probably weren't going to deal with it at all. She even asked her higher-ups and they didn't say a thing. She said she had a list of people to call and if she heard anything she would be in touch. Over the last few months I've kind of given up on it...I had a talk with her the other day and she said, 'I'm so glad you called. We just underwent training for the exchange.' FRANK: The dinar? BANK STORY LADY: Yeah. It must be coming.
Wow for my understanding this is international open bank all over the world
Nader: 2-2-8-2024
News, Rumors and Opinions Wednesday 2-28-2024
BRICS To Take Loans in Chinese Yuan, Ditch US Dollar
Vinod Dsouza February 27, 2024
BRICS members Russia and China are looking to ditch the US dollar for loans and use the Chinese Yuan for disbursement. Russia’s Finance Minister Anton Siluanov said that the country is considering discussions with China for the possibility of getting loans in the Chinese Yuan and not the US dollar.
The BRICS alliance is looking at several options to reduce dependency on the US dollar and promote local currencies instead. China and Russia are the flag bearers of the de-dollarization initiates and are convincing other nations to cut ties with the US dollar. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade.
BRICS To Take Loans in Chinese Yuan, Ditch US Dollar
Vinod Dsouza February 27, 2024
BRICS members Russia and China are looking to ditch the US dollar for loans and use the Chinese Yuan for disbursement. Russia’s Finance Minister Anton Siluanov said that the country is considering discussions with China for the possibility of getting loans in the Chinese Yuan and not the US dollar.
The BRICS alliance is looking at several options to reduce dependency on the US dollar and promote local currencies instead. China and Russia are the flag bearers of the de-dollarization initiates and are convincing other nations to cut ties with the US dollar. Read here to know how many sectors in the US will be affected if BRICS ditches the dollar for trade.
Source: Photograph by Li Tao / Xinhua / Getty
BRICS: Russia Wants Loans in Chinese Yuan, Not the US Dollar
Siluanov confirmed that Russia is ready to accept loans in the Chinese Yuan and not the US dollar. However, he revealed that Moscow is awaiting the nod from Beijing as discussions continue with the matter. Considering both are BRICS members, the deal might go through and loans could be disbursed in the Chinese Yuan.
If China agrees to disburse loans in the Chinese Yuan, billions of US dollars will not exchange hands on the global stage. BRICS aims to put pressure on the US dollar giving more mileage to the Chinese Yuan and other local currencies.
However, Siluanov explained that the loan deal is yet to materialize as no decision has been taken yet. “Negotiations with Chinese partners have been going on for a long time. So far there is no decision. We discussed this topic at the end of last year at the inter-ministerial dialogue,” he said to RIA.
The BRICS bloc is exploring several proposals to end dependency on the US dollar. If the trend continues for a decade, the US dollar will be the hardest-hit currency in the global financial markets.
Source: Watcher Guru
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Talked to bank friend. He said ever since July 2023 Alaq has said the deletion project is still in effect. He said there's a lot going on with this process and the joining of the WTO this week could see some type of announcement. My bank friend thinks the dinar will be stronger than it was in the 1980's. The article made it very clear that it will be. We are still stuck at 1310...we'll take $1.30. FRANK: I know it's been since last year this project to delete the zeros has been going on but the beauty of it is that it's been going on! It's real. It does exist. It's not fictitious. Your currency is very very close to having value added to your Iraqi dinar. [Post 1 of 2....stay tuned]
Frank26 [Iraq boots-on-the-ground report continued] FRANK: You citizens need this because they took the dollar away and all other foreign currency away from you...And they took almost 97% to 98% of your three zero notes off the street already. They created this giant void in your monetary structure so they could fill it in and present to you the lower notes with the new exchange rate that would match it...Your bank friend knows something is happening...IMO that is quite an improvement in the landscape of your economic and monetary reform. [Post 2 of 2]
How Can You Back Debt Based Currency Even With A Limited Supply Of Gold
Lynette Zang: 2-27-2024
LIVE! LEADING INDICATORS SLIDE DEEPER INTO THE RED. ECONOMIC MELTDOWN ACCELERATING AGAIN!
Greg Mannarino: 2-27-2024
"Tidbits From TNT" Wednesday Morning 2-28-2024
TNT:
Tishwash: What is the impact of Iraq's joining the BRICS group?
Former member of the Foreign Relations Committee in the House of Representatives, Khaled Al-Assadi, confirmed on Tuesday that the Sudanese government’s request to join the BRICS economic group is an extremely important step to organize the relationship with the Russian side politically, economically and security-wise, noting that Russia announced its support for the Iraqi request.
Al-Asadi told Al-Maalouma, “The Iraqi government’s request to join the BRICS economic group is an extremely important step for the Sudanese government to diversify its relations with various countries of the world, especially Russia and the countries organizing the group.”
He added, "Iraq will actually participate in the group's meetings until it gains full membership after completing the membership requirements procedures," noting that "Russia announced its support for the Iraqi request."
The Russian ambassador to Baghdad, Elbrus Kutrashev, affirmed Russia's position in support of Iraq's accession to the BRICS economic group, expressing Russia's readiness to generously assist Iraq if it joins the group. link
TNT:
Tishwash: What is the impact of Iraq's joining the BRICS group?
Former member of the Foreign Relations Committee in the House of Representatives, Khaled Al-Assadi, confirmed on Tuesday that the Sudanese government’s request to join the BRICS economic group is an extremely important step to organize the relationship with the Russian side politically, economically and security-wise, noting that Russia announced its support for the Iraqi request.
Al-Asadi told Al-Maalouma, “The Iraqi government’s request to join the BRICS economic group is an extremely important step for the Sudanese government to diversify its relations with various countries of the world, especially Russia and the countries organizing the group.”
He added, "Iraq will actually participate in the group's meetings until it gains full membership after completing the membership requirements procedures," noting that "Russia announced its support for the Iraqi request."
The Russian ambassador to Baghdad, Elbrus Kutrashev, affirmed Russia's position in support of Iraq's accession to the BRICS economic group, expressing Russia's readiness to generously assist Iraq if it joins the group. link
Tishwash: It will be influential.” Iraq completes its preparations to join the World Trade Organization
Today, Tuesday (February 27, 2024), the BNN network, which specializes in economic affairs, revealed that the Iraqi government has completed the requirements for joining the World Trade Organization after its internal economic and trade conditions “improved,” in addition to improved investment conditions.
The network said, according to what Baghdad Today translated, that Iraq has completed all preparations within the timetable set for it by the organization to integrate its commercial operations with its businesses around the world, stressing that Iraq is now able to enter the global trade market through the organization on a large scale.
It is noteworthy that Iraq submitted an application to enter the organization in 2004, and the application remained pending until the conditions for entry into the international organization were met, which have now ended.
The network says that Iraq "will return to becoming an influential member in terms of international trade and economics through the role it enjoys geographically and economically among the countries of the organization." link
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Tishwash: An expert criticizes the US Federal Bank
Economist, Dr. Mahmoud Dagher, criticized the duplication in the work of the US Federal Reserve towards Iraqi banks.
Dagher said, “What is happening in the Iraqi banking system is a duality that is difficult to explain. The Financial Action Committee (FATF MENA) issued the results of the periodic review of Iraq, keeping it in the white area, as an expression of the commitment of Iraq and its banking institutions to acceptable performance in combating money laundering and combating the financing of terrorism, and the procedures and policies applied.” “Compatible with international standards set by the Financial Action Committee concerned with financial standards at the international level.”
He continued: “But a strange and inexplicable duality has emerged, which is the Federal Reserve’s continued restriction of most Iraqi banks from accessing the country’s wealth and its dollar reserves, and this is what makes the duality inexplicable, but rather leads to attribute this to political matters that have nothing to do with the application of financial rules.” The international resolution was decided by the Financial Action Committee in Iraq.
Dagher asked: “Who will solve this contradiction and save our banking system link
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Tishwash: Parliamentary Finance calls on banks to open branches outside Iraq
The head of the Parliamentary Finance Committee, Atwan Al-Atwani, presented eight proposals to develop banking services for Iraqi banks, while calling on banks to open branches outside Iraq and finance investment opportunities.
Al-Atwani said, during the “Finance and Banking Services” conference, which was attended by the “Al-Iqtisad News” correspondent, “We must turn to the banking sector, to address the problems of the Iraqi economy, by financing productive projects and using financial tools to finance the budget deficit.”
Al-Atwani stressed the need for banks to finance investment opportunities, which contributes to the growth of the economy and turns them into indispensable institutions.
The Chairman of the Parliamentary Finance Committee warned that Iraqi banks have a long history and a prominent position, but they were subjected to the wrong policies of the previous regime, which led to their curtailment.
Al-Atwani proposed 8 points for developing banking work, which are:
1- Providing banking institutions with efficient financial and technical staff, and ensuring the development and qualification of their tools and capabilities by involving them in training courses outside Iraq on modern methods of banking, and completing banking transactions using modern methods.
2- Equipping banks and banks with modern, advanced systems in all financial fields and activities and introducing the ATM service to all banks.
3- Establish quality measurement centers in all banks and activate their role by receiving development ideas and visions while honoring those with ideas that prove successful in practical fields.
4- Opening horizons for cooperation and coordination between Arab and international banks and institutions; For the purpose of benefiting from the experiences of those financial institutions that preceded us in development in order to achieve a qualitative shift in Iraqi banks and reduce the time factor to ensure that we join the ranks of the advanced in the banking industry.
5- Encouraging scientific studies and research aimed at developing outstanding performance in our financial institutions, and ensuring the translation of those studies and research from a theoretical reality into a tangible practical reality that reflects positively on the economic level.
6- Study the possibility of opening new branches of local banks outside Iraq for the purpose of expanding the circle of banking activity, providing the best services and attracting more customers to these banks.
7- Approving the basic principles for using interest, to ensure an increase in deposits, ensuring that the process is safe from counterfeiting and addressing issues related to money laundering.
8- It is necessary to point out the efforts of the legislative and executive authorities at the present time in developing the financial system and banking institutions through their efforts to complete and approve the relevant laws, which have reached the final stages, which are:
A - The draft Securities and Commodities Law, which seeks to regulate financial markets and control trading operations in a way that enhances the economic process.
B- The draft law on the Center for Banking Studies, which aims to scientifically develop banking work and raise the level of professional performance of the banking system.
T- The draft Islamic investment sukuk law, which aims to create and diversify investment tools in the Iraqi financial market link
Mot: .. Once! - ole""Fred"" had a Truck!!!
Mot: They should get a New Window Washer.. This guy left a bunch of Streaks....
Goldilocks' Comments and Global Economic News Tuesday Evening 2-27-24
Goldilocks' Comments and Global Economic News Tuesday Evening 2-27-24
Good Evening Dinar Recaps,
SEN. CRUZ INTRODUCES LEGISLATION TO BAN CENTRAL BANK DIGITAL CURRENCIES
Sen. Cruz previously introduced legislation to prohibit the Federal Reserve from developing a direct-to-consumer central bank digital currency which could be used as a financial surveillance tool by the federal government in both 2022 and 2023. 6 hours ago Cruz Senate
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"Let’s show WTO is alive': UAE foreign trade minister says conference can be 'launch pad' for global trade"
The World Trade Organization is discussing with several countries how they are reforming the standards and percentages of trade opportunities among countries from around the Globe.
Focus is on leveling the playing field among some of the smaller countries giving them equal foothold and standing on the world stage.
Goldilocks' Comments and Global Economic News Tuesday Evening 2-27-24
Good Evening Dinar Recaps,
SEN. CRUZ INTRODUCES LEGISLATION TO BAN CENTRAL BANK DIGITAL CURRENCIES
Sen. Cruz previously introduced legislation to prohibit the Federal Reserve from developing a direct-to-consumer central bank digital currency which could be used as a financial surveillance tool by the federal government in both 2022 and 2023. 6 hours ago Cruz Senate
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"Let’s show WTO is alive': UAE foreign trade minister says conference can be 'launch pad' for global trade"
The World Trade Organization is discussing with several countries how they are reforming the standards and percentages of trade opportunities among countries from around the Globe.
Focus is on leveling the playing field among some of the smaller countries giving them equal foothold and standing on the world stage.
Offering more Trade Networks for countries will give each country the ability to grow in bilateral trade relationships that will increase the need for their goods and services not seen before.
New demands on local currencies instead of the use of the dollar will provide greater purchasing power for these countries in process of Ascension into the WTO this week, of which, Iraq is one of them. Zawya
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More News, Rumors and Opinions Tuesday PM 2-27-2024
TNT:
Tishwash: World Trade confirms its aspiration and follow-up of the steps for Iraq to join it
The World Trade Organization confirmed, on Tuesday, its aspiration and follow-up of the steps for Iraq’s accession to it.
According to a statement from the Ministry of Commerce received by (Al-Rabaa), Minister Atheer Al-Ghurairi held a meeting with the Assistant Director General of the World Trade Organization, Zang Shank Shank, in the Emirati capital, Abu Dhabi, to discuss completing Iraq’s procedures to complete the required files, supporting reforms and legislation to be consistent with the market system, and strengthening the country’s economic capabilities to complete... Requirements for the next stage of the accession process.
TNT:
Tishwash: World Trade confirms its aspiration and follow-up of the steps for Iraq to join it
The World Trade Organization confirmed, on Tuesday, its aspiration and follow-up of the steps for Iraq’s accession to it.
According to a statement from the Ministry of Commerce received by (Al-Rabaa), Minister Atheer Al-Ghurairi held a meeting with the Assistant Director General of the World Trade Organization, Zang Shank Shank, in the Emirati capital, Abu Dhabi, to discuss completing Iraq’s procedures to complete the required files, supporting reforms and legislation to be consistent with the market system, and strengthening the country’s economic capabilities to complete... Requirements for the next stage of the accession process.
Al-Ghurairi stressed, according to the statement, “the keenness of the working group on accession to continue by strengthening cooperation with the organization’s accession department and the head of the working group, Saudi Ambassador Saqr al-Muqbel, whose recent visit to Iraq provided great support for the efforts and steps taken by the national committee concerned with accession, which he chaired to complete all requirements in a manner that It achieves Iraq's integration into the multilateral trading system.
The minister stressed "the hope that the efforts of the organization's working group will focus on supporting the accession of important countries, including Iraq."
The minister continued, "The Iraqi government, within its government program and the measures it took to raise the level of draft laws and support the role of the private sector, recorded international signals of its endeavor and eagerness to return to the economic system due to its geographical and economic importance in the region."
For his part, the Assistant Director-General of the organization confirmed that “the organization is looking forward and following the steps for Iraq’s accession carefully, given that Iraq is one of the important and strong economies that is still outside the organization, and that Iraq’s presence within the organization’s membership will be a great added value to the organization and to the global economy.”
He praised "the advanced stages accomplished by the Ministry of Commerce in terms of completing and submitting the technical files on goods and services in trade, which will speed up the holding of the third round of negotiations, wishing for the continuity and continuity of momentum and work to complete the requirements for accession, amend the required laws and legislation, and complete the technical files within their specified timing, as he will submit The team will support him to complete his journey to join, and we will celebrate him at the next ministerial meeting of the organization.” link
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Tishwash: Al-Moayad to major American and European companies: Digital transformation in Iraq qualifies for high profits
The Chairman of the Media and Communications Authority, Ali Al-Moayyed, met today, Tuesday, with a number of major technology companies in the United States of America and Europe, on the sidelines of the International Mobile Conference MWC 2024 in Barcelona.
During the meeting, according to a statement by the authority, Al-Furat News received a copy of, Al-Muayyad urged "American technology companies to expand their work in Iraq, and to help provide solutions to activate digital programs for managing Iraqi government institutions and all their other administrative and organizational operations."
During his meeting with Amazon and Enztsu, Al-Moayad confirmed that the government curriculum adopts digital transformation in the country, which calls on these companies to transfer their global experiences and activate their cooperation with Iraqi institutions, which qualifies them to achieve high profits within the framework of the country’s adoption of the digitization strategy and expansion of financial inclusion processes.
It is noteworthy that the International Mobile Conference (MWC 2024) is held annually in the month of February in Barcelona, and is considered the most prominent global event in the field of the mobile phone industry and advanced communications technology, in which senior companies, regulators and government officials from various countries of the world participate. link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat ...Iraq is finally breaking the news all about the Project to Delete the Zeros. This is fantastic news but just news for now. The actual execution part is coming and I was told by my weekly call to my CBI contact in Iraq on Saturday, that it will be VERY SOON!
Frank26 Article: "Does deleting the currency’s zeros affect its value? An economist explains" THE CBI IS SENDING TRUSTED ECONOMISTS TO EXPLAIN THE MONETARY REFORM EDUCATION OF DELETING THE ZEROS FROM THE EXCHANGE RATE! IMO they're about to give the citizens a new exchange rate with new lower notes to match...They already told them that process will then take that exchange rate, which will be at least 1 to 1 but I think is going to be higher, to float in the basket internationally.
THE U.S. DOLLAR IS IN FOR A GREAT FALL... (And Its No Accident). IMPORTANT UPDATES!
Greg Mannarino: 2-27-2024
"Tidbits From TNT" Tuesday 2-27-2024
TNT:
Tishwash: House of Representatives: {Oil and Gas} is technical and can be passed
The Parliamentary Oil and Gas Committee pointed out that the oil law is one of the important laws that concerns all of Iraq and not the Kurdistan region alone, noting that its draft contains controversial points that need to be stopped, and despite this, the law can be passed.
Committee member Ali Al-Mashkoor explained, in an interview with Al-Sabah, that “there are seven points of contention regarding the oil law, some of which are administrative, some of which are professional, and the law cannot be proceeded with without being cleared by both parties,” indicating that “one of the administrative disputes in the law is the desire to The Kurdish side should have the right to veto the issuance of decisions.”
TNT:
Tishwash: House of Representatives: {Oil and Gas} is technical and can be passed
The Parliamentary Oil and Gas Committee pointed out that the oil law is one of the important laws that concerns all of Iraq and not the Kurdistan region alone, noting that its draft contains controversial points that need to be stopped, and despite this, the law can be passed.
Committee member Ali Al-Mashkoor explained, in an interview with Al-Sabah, that “there are seven points of contention regarding the oil law, some of which are administrative, some of which are professional, and the law cannot be proceeded with without being cleared by both parties,” indicating that “one of the administrative disputes in the law is the desire to The Kurdish side should have the right to veto the issuance of decisions.”
Al-Mashkour added, “The region’s percentage in the budget came from the export value of oil, and now there is no export of the region’s oil, not even production,” noting that “the financial share is an entitlement separate from the oil entitlement that the region is supposed to pay, but it will constitute a future obstacle in the budget.” Although it is a fixed share, as it is the right of the Kurdish citizen.”
Al-Mashkoor expressed his optimism in passing the oil and gas law, and said that “the draft can be legislated within an understanding and complementary process, but imposing opinions is incorrect,” explaining that “the law was returned to the government without revision or amendment, even if there were disagreements on some of its points.” ". Al-Mashkoor stated that “the oil law guarantees the rights of all governorates in the available proportion,” pointing out that “some governorates are demanding an increase in their share, whether the request is professional or administrative.” link
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Tishwash: After the exchange volume exceeded one billion dollars.. an Iraqi-Syrian move to adopt currencies other than the dollar
The head of the Iraqi-Syrian Business Council, Hassan Sheikh Zaini, revealed that the volume of trade exchange between Iraq and Syria has exceeded the billion-dollar barrier, while pointing out that there is a mechanism to adopt currencies other than the dollar in this exchange.
Sheikh Zaini said, “The joint committees between the two countries are looking for a mechanism for trade exchange away from the dollar, since Syria currently exchanges in the European currency (the euro),” according to the official newspaper.
He added, "There are other platforms and currencies that Syria exchanges with other countries, and Iraq may benefit from them in the event of trade with them, especially with the volume of exchange between the two countries reaching more than a billion dollars annually."
He stated that "the two countries may use the Russian ruble, the Japanese yen, the Chinese yuan, the Emirati dirham, or other currencies to sustain trade exchange between them," calling for "the establishment of banks for commercial exchanges to enable the possibility of abandoning the dollar and creating another platform in this regard."
He pointed out that "the use of other currencies in trade exchange between Iraq and Syria reveals the two countries' need for each other, by benefiting from products of various types, industrial and agricultural."
He explained, "There are joint Iraqi-Syrian committees at most levels, such as agriculture, industry, trade, transportation, customs, and everything related to food and medicine. They supervise the entry routes for goods and seek to overcome many obstacles that may hinder joint trade between the two countries." link
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Tishwash: Al-Atwani calls on the International Monetary Fund and the World Bank to provide the necessary support to Iraq
Chairman of the Finance Committee, Representative Atwan Al-Atwani, called on the International Monetary Fund and the World Bank to provide the necessary support to Iraq in the areas of exchanging experiences and training national cadres.
The media office of the Chairman of the Finance Committee stated in a statement received by the Iraqi News Agency (INA), that “The Chairman of the Parliamentary Finance Committee, Atwan Al-Atwani, participated this evening, Monday, via closed-circuit television, in the deliberative meeting of the International Monetary Fund regarding the financial and economic situation in Iraq.”
He added, "Al-Atwani provided a complete briefing on the financial and economic situation and the provisions and programs included in the tripartite budget law for the years (2023-2025) that are consistent with the government program to advance various sectors, activate the private sector, encourage investment, and support investors, in order to achieve sustainable development."
Al-Atwani stressed, according to the statement, that “approving the tripartite budget gave the government great comfort in terms of contracting, implementing projects, and attracting foreign companies to implement major projects,” pointing out that “the Finance Committee, through monitoring spending and financing and implementing plans and programs, seeks integration between the legislative and executive authorities.” Because we want this government to succeed, especially since it is taking steady steps towards achieving the aspirations of the people.”
Al-Atwani pointed out that “the National Service Government is serious about moving the wheel of the economy and development and has ambitious programs to advance various productive sectors and maximize non-oil revenues, to leave the state of excessive dependence on oil in forming the general budget.”
Al-Atwani concluded his participation by calling on the International Monetary Fund and the World Bank to provide the necessary support. For Iraq in the areas of exchanging experiences and training national cadres, to develop our banking system, especially as we are moving towards activating the digital financial dealing system and automating taxes, customs and other service sectors that generate financial revenues for the state. link
Tishwash: Parliamentary Finance: Last year’s budget was not spent as required and we are waiting for the new schedules
Member of the Finance Committee in the House of Representatives, Jamal Kujar, said that the 2023 budget was not spent as required, indicating that the Council is waiting for the 2024 budget schedules to be sent from the government.
Cougar stated in a press interview, “The budget was voted on for a period of 3 years, and the government is required to send the schedules for the year 2024 and the paragraphs that may witness amendments, especially related to the numbers of oil quantities in the event of an increase or change, as well as the projects and costs that have been allocated to them.”
He explained, “If a project from the previous budget is completed, it will be removed from the new tables, as well as the paragraphs related to the Kurdistan region in the event of a change to it,” pointing out that “the Finance Committee has no comments on some of the items, since they were voted on, but there may be.” Notes to the government, and these will inevitably be amended.”
He pointed out that “the budget schedules have not yet been voted on in the Council of Ministers, because the mechanism for passing them begins with collecting the budgets of the governorates and institutions in the Ministries of Planning and Finance, and then a draft is prepared and sent to the Council of Ministers for discussion, amendment and correction, and then it is returned to the Ministry of Finance, to be completed.” They are finalized and sent again to be voted on in the Council of Ministers, and finally to the House of Representatives.”
Cougar stated, “The budget amounts will be close to the 2023 budget, and there may be an increase in them, since the deficit included in the 2023 budget has not been achieved, meaning that there is no real deficit occurring, and there is a delay in spending the budget, and this led to it not being spent in the required manner.” link
Mot: . Amazing How This is Working - HUH!!!
Mot: They Say - Its NOT What Ya Say but How Yas Say it!!!
News, Rumors, and Opinions Tuesday AM 2-27-2024
Awake-in-3D: GCR Purchasing Power vs. Fiat Exchange Rates
Everyone in GCR Land hates the fiat currency system and all it stands for.
Yet, everyone in GCR Land wants to know what their currencies and bonds are going to be worth in fiat currency (RV Exchange rates).
In what universe does that make sense?
We need to start thinking in terms of the “purchasing power” of a tangible asset, instead of prices in fiat currencies.
“Rates” for IQD, VND, ZIM bonds, etc. are an illusion of the fiat currency system we all grew up in.
Ask yourself, exactly what is a “rate” anyway. A rate of what vs. what?
Awake-in-3D: GCR Purchasing Power vs. Fiat Exchange Rates
Everyone in GCR Land hates the fiat currency system and all it stands for.
Yet, everyone in GCR Land wants to know what their currencies and bonds are going to be worth in fiat currency (RV Exchange rates).
In what universe does that make sense?
We need to start thinking in terms of the “purchasing power” of a tangible asset, instead of prices in fiat currencies.
“Rates” for IQD, VND, ZIM bonds, etc. are an illusion of the fiat currency system we all grew up in.
Ask yourself, exactly what is a “rate” anyway. A rate of what vs. what?
We must think outside of the box and the construct of a “fiat” currency to understand what real asset-backed value and purchasing power establishes in order to grasp what our GCR benefit is all about.
The reality of the purchasing power between one store of value vs. another store of value is the key to understanding the GCR.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 27 Feb. 2024
Compiled Tues. 27 Feb. 2024 12:01 am EST by Judy Byington
Global Currency Reset(RUMORS)
Judy Note: A High Up Contact and other valid sources have indicated that the Cabal capitulated Thurs. 22 Feb. On Sat. 24 Feb. Iraq (allegedly) joined the World Trade Organization which required their Dinar to have a market rate. If things went as expected we could have a three day celebration beginning around Thurs. 29 Feb. RV rates have been (allegedly) agreed upon with a goal for the RV to happen by the end of Feb. It remained my personal opinion that Tier4b (Us, the Internet Group) would receive notification for our redemption and exchange appointments right before, during, or directly after the Ten Days of Darkness/ Exposure – which appeared slated to occur around Sun. 3 March through Wed. 13 March 2024.”
Mon. 26 Feb. Hernán Robert Hbravo: “There is radio and TV communication, the latter being more limited about the possible revaluation of our DINAR currency between Thursday, February 29 and Friday March 1, 2024. It is speculative but the media Baghdad Communication is reporting it.”
Sat. 24 MarkZ: “There are a lot of rumors that everything implodes next week. Redemption Center Staff were being told to prepare for a possibly very busy week this week. There were tons of rumors that things have started processing on the group side but I don’t have any group leaders willing to confirm, or deny that.
Sat. 24 Feb. Wolverine: “According to all sources coming in, we are to get ready. People are giving dates, but I am saying it must happen before the end of the month.”
Read full post here: https://dinarchronicles.com/2024/02/27/restored-republic-via-a-gcr-update-as-of-february-27-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Paulette IMSO...now that the Federal Court ruled, the Oil and Gas Law is no longer needed.The court wrote the entire Oil and Gas Law in one decision. All government employee salaries are paid through Baghdad and all oil and non oil revenues of Kurdistan go to the Federal government. Nothing more to say or agree to. "Binding and Compelling".
Militia Man Article: "The Central Banks show that the amount of printed currency decreased by 1trillion between November and December 2023" They've been reducing their money supply for 20 years... They're telling you specifically they have been, in the trillions... Less supply means more value...They've been doing what we said they were doing. They've reduced the note count. We're going to see what the accurate numbers are and we're probably gong to see that in valuation of the Iraqi dinar.
SHOCK THERAPY: CENTRAL BANKERS Should Go to JAIL for PRINTING CASH Says Argentina's Milei
Lena Petrova: 2-26-2024
What's Really Going On With The Stock Market? 5 Minute Sharable Videos Ep. 2
Lynette Zang: 2-26-2024
Lynette Zang has been studying currency lifecycles since 1987 and discovered similar social, economic, and financial patterns that occur throughout the stages of a currency’s lifetime. She believes that recognizing these patterns enables people to see what’s coming and make well-informed choices that put their best interest first.
Even Warren Buffett’s Legendary Optimism Is Fading
Even Warren Buffett’s Legendary Optimism Is Fading
Notes From the Field By Simon Black/James Hickman February 26, 2024
[Important Reminder: In case you missed our announcement from January 24, Sovereign Man has merged with Peter Schiff's media group. We are now called Schiff Sovereign, and our founder (Simon Black) has dropped the pen name and is now writing under his real name, James Hickman.]
Early in the spring of 1956, only weeks after Elvis Presley released his debut studio album, and actress Norma Jean Mortenson had her name legally changed to Marilyn Monroe, a budding 25-year-old businessman from the American Midwest fatefully registered his first-ever company.
His name, of course, was Warren Buffett. And the company he founded was called Buffett Associates-- which was formed with $105,000 of capital from his friends and family.
The US economy at the time was absolutely booming. Interest rates in 1956 were at historic lows. Inflation was practically zero. Economic growth was a dizzying 7%. Productivity growth was strong.
Even Warren Buffett’s Legendary Optimism Is Fading..
Notes From the Field By Simon Black/James Hickman February 26, 2024
[Important Reminder: In case you missed our announcement from January 24, Sovereign Man has merged with Peter Schiff's media group. We are now called Schiff Sovereign, and our founder (Simon Black) has dropped the pen name and is now writing under his real name, James Hickman.]
Early in the spring of 1956, only weeks after Elvis Presley released his debut studio album, and actress Norma Jean Mortenson had her name legally changed to Marilyn Monroe, a budding 25-year-old businessman from the American Midwest fatefully registered his first-ever company.
His name, of course, was Warren Buffett. And the company he founded was called Buffett Associates-- which was formed with $105,000 of capital from his friends and family.
The US economy at the time was absolutely booming. Interest rates in 1956 were at historic lows. Inflation was practically zero. Economic growth was a dizzying 7%. Productivity growth was strong.
The US was no longer at war. And the national debt-- which had reached a peak of 120% of GDP in the 1940s due to the costs of World War II-- had been cut in half… and was falling further each year.
America was proudly capitalist, and the government actually made sound and effective investments, like the US federal highway system. Businesses reaped the benefits: corporate earnings across the S&P 500 index soared.
Yet, at the time when Buffett formed his business in 1956, stocks were still cheap… trading at less than 12x earnings (versus nearly 30x today).
It’s hard to imagine better economic or market conditions: a high growth, capitalist economy with low inflation, low debt, high productivity, and cheap stocks? Buffett could have hardly picked a better time to get started.
And, although there were plenty of ups and downs along the way, those pristine conditions lasted throughout the first several decades of his career.
Buffett is obviously one of the most talented investors to have ever lived, and he surrounded himself with other incredibly talented people.
But (and he would probably be the first to admit) his success would not have been as great without the power and dynamism of the US economy behind him.
And this is why Warren Buffett has long been one of America’s biggest economic cheerleaders.
Over the past 15+ years, Buffett has had an insider’s view of some very concerning trends. The US national debt has been rising out of control. The Federal Reserve has made a mess of the dollar. Woke fanatics have hijacked capitalism.
Yet through it all, Buffett has maintained a calm, persistent optimism in America; he routinely dismisses concerns over the debt, or the dollar, or the future of the US economy, and has seemed to believe that nothing could ever derail American progress.
But as I read through his annual letter this past weekend, it seems that even Buffett’s legendary optimism is starting to crack.
First, it’s clear that even Buffett thinks that government regulation has gone way too far.
Buffett explains, for example, that utility companies were “once regarded as among the most stable industries in America” because of their consistent profitability.
Yet he laments that the utility companies he acquired were a “severe earnings disappointment” in 2023 due to over-regulation from fanatical politicians.
Buffet complains that “the regulatory climate in a few states has raised the specter of zero profitability or even bankruptcy (an actual outcome at California’s largest utility and a current threat in Hawaii).”
“In such jurisdictions,” he writes, “it is difficult to project both earnings and asset values in what was once regarded as among the most stable industries in America.”
In the end, he tells shareholders that he “did not anticipate or even consider the adverse developments in regulatory [changes] and . . . made a costly mistake in not doing so.”
He goes on to talk about America’s dilapidated infrastructure, which is in critical need of maintenance and reinvestment. And Buffett cites the case of BNSF Railway (the largest freight rail in the US) which he acquired in 2009.
BNSF, he explains, has had to spend tens of billions of dollars to fix up its rail network “simply [to] maintain its present level of business. This reality is bad for owners. . .”
But it’s not just BNSF. And it’s not just railways. Almost ALL infrastructure in the US is in serious need of repair.
Obviously, the US government made a halfhearted attempted to address infrastructure challenges when it passed a $1 trillion investment package in 2021. But “the consequent capital expenditure” that’s truly required to fix it, Buffett writes, “will be staggering.”
One final point worth mentioning is Buffett’s comments on size. Again, when he started his first partnership in 1956, he only had $105k to invest, and he could move nimbly in and out of the market.
Today, Buffett’s company has almost $170 billion in cash, which is virtually impossible to manage efficiently. He writes that it’s “like turning a battleship”, and that the days of being quick and nimble “are long behind us; size did us in...”
Buffett, of course, is talking about his own company (Berkshire Hathaway). But the same could just as easily be said for the US government.
Think about it-- if someone of Buffett’s extraordinary talent admits that he cannot efficiently deploy $170 billion, how are Joe Biden or Transportation Secretary Pete Buttigieg supposed to be able to invest that $1 trillion infrastructure money?
Quite poorly, I’d imagine.
Buffett does acknowledge that “America has been a terrific country for investors.” And he’s absolutely right. It still is, for the most part.
Nvidia is an easy example: it simply would not have been able to achieve the same level of success had it been based in most other countries. If Nvidia were a Chinese company, for example, it would have been taken over by the CCP long ago, and CEO Jensen Huang would have probably been disappeared.
But one of the most important caveats of investing applies to the US economy as well: “past performance does not guarantee future results.”
Warren Buffett enjoyed some of the most pristine economic conditions imaginable for the vast majority of his nearly 70-year career. And as I have written several times, it is absolutely possible that America’s best days are still ahead.
There is clearly a future scenario in which small-scale nuclear reactors generate clean, low-carbon, ultra-cheap energy which powers highly productive AI and robotic automation. Economic growth is off the charts, and tax revenue soars as a result. The national debt eventually melts away, and the US re-establishes its primacy by out-producing and out-innovating the competition.
But at the moment there are serious issues to contend with.
US productivity is anemic. So is economic growth. War, inflation, cyberattacks, border crisis, social conflict, the rise of adversary nations, decline of the US dollar’s dominance, etc. are all pervasive challenges.
(Not to mention potential near-term consequences-- like the impact of Russia, China, North Korea, and terrorist groups sending so many of their operatives across the southern border.)
The government not only isn’t fixing these problems, but they seem to be making them worse by the day. So, it’s important to take notice when even someone as optimistic as Buffett starts complaining.
To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC
https://www.schiffsovereign.com/trends/even-warren-buffetts-legendary-optimism-is-fading-150201/
Goldilocks' Comments and Global Economic News Monday Evening 2-26-24
Goldilocks' Comments and Global Economic News Monday Evening 2-26-24
Good Evening Dinar Recaps,
WTO Iraq Announcement:
“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,” points to “the completion of the requirements for Iraq’s access 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.”
Iraq is currently participating in the World Trade Organization. Their potential membership is moving forward. As a full member of the WTO, they will need a rate to fully participate in this inclusion.
This is truly a monumental achievement for Iraq and something the world has been waiting for for a long time. Economy--News
© Goldilocks
~~~~~~~~~~
"We expect Việt Nam’s export orders to continue increasing in the months ahead due to the surprising strength of the US economy, as evidenced by the highest level of US consumer confidence since the COVID reopening boom.”
"The resulting broad-based economic recovery (in exports, manufacturing, and consumption) should boost earnings for a range of listed stocks, enabling active managers to outperform the broader stock market."
Goldilocks' Comments and Global Economic News Monday Evening 2-26-24
Good Evening Dinar Recaps,
WTO Iraq Announcement:
“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,” points to “the completion of the requirements for Iraq’s access 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.”
Iraq is currently participating in the World Trade Organization. Their potential membership is moving forward. As a full member of the WTO, they will need a rate to fully participate in this inclusion.
This is truly a monumental achievement for Iraq and something the world has been waiting for for a long time. Economy--News
© Goldilocks
~~~~~~~~~~
"We expect Việt Nam’s export orders to continue increasing in the months ahead due to the surprising strength of the US economy, as evidenced by the highest level of US consumer confidence since the COVID reopening boom.”
"The resulting broad-based economic recovery (in exports, manufacturing, and consumption) should boost earnings for a range of listed stocks, enabling active managers to outperform the broader stock market."
Vietnam is showing trading statistics that indicate a self-sustaining economy that is growing, and even has, greater potential going forward.
At this point, Vietnam is showing momentum. When a country starts to show a trade surplus, it indicates that a demand for a country's goods and currency is in higher demand. Thus, creating the need for an increase in a country's currency value. Vietnam Net Global Edge Investopedia
© Goldilocks
~~~~~~~~~~
"The WTO's 13th Ministerial Conference (MC13) will take place from 26 to 29 February 2024 in Abu Dhabi, United Arab Emirates. Ministers from across the world will attend to review the functioning of the multilateral trading system and to take action on the future work of the WTO. The Conference will be chaired by H.E. Dr Thani bin Ahmed Al Zeyoudi, UAE's Minister of State for Foreign Trade."
There are high expectations that full acceptance into the WTO for Iraq will happen during this meeting taking place today.
Let's stay grounded. We will soon find out if Iraq is fully accepted into the WTO or not this week. WTO
© Goldilocks
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Working Party Chair visits Baghdad to hold high-level consultations on Iraq’s | WTO | 2024 News items - accession
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Does deleting the currency’s zeros affect its value? An economist explains
https://jaredaiq.net/News/7929
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Global trade has nearly flatlined. Populism is taking a toll on growth | World Bank
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Unprecedented shipping disruptions raise risk to global trade, UNCTAD warns | UNCTAD
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More News, Rumors and Opinions Monday Afternoon 2-26-2024
TNT:
Tishwash: So they got their ceremony…. if Iraq is in why not do there's too?
Comoros and East Timor join the World Trade Organization
The Republic of the Comoros (officially known as the Comoros Union) and the Democratic Republic of Timor-Leste have officially joined the World Trade Organization, becoming the organization's 165th and 166th members, and the first two new countries to join since 2016.
After the accession of the Comoros and East Timor, the number of least developed countries, as defined by the United Nations , in the World Trade Organization increased to 37 countries.
The joining of the two new countries came at a ceremony held for this occasion on the opening day of the Thirteenth Ministerial Conference of the World Trade Organization, which the UAE is hosting in the capital, Abu Dhabi , from February 26 to 29.
TNT:
Tishwash: So they got their ceremony…. if Iraq is in why not do there's too?
Comoros and East Timor join the World Trade Organization
The Republic of the Comoros (officially known as the Comoros Union) and the Democratic Republic of Timor-Leste have officially joined the World Trade Organization, becoming the organization's 165th and 166th members, and the first two new countries to join since 2016.
After the accession of the Comoros and East Timor, the number of least developed countries, as defined by the United Nations , in the World Trade Organization increased to 37 countries.
The joining of the two new countries came at a ceremony held for this occasion on the opening day of the Thirteenth Ministerial Conference of the World Trade Organization, which the UAE is hosting in the capital, Abu Dhabi , from February 26 to 29.
Welcoming the accession of the Comoros and East Timor, Thani bin Ahmed Al Zeyoudi, UAE Minister of State for Foreign Trade and Chairman of the Thirteenth Ministerial Conference of the World Trade Organization, said: “International trade is a major contributor to development efforts, and expanding access to supply chains to include developing countries and countries is important.” "The least developed is one of the main topics of the Organization's Ministerial Conference."
He added: “This accession constitutes a major boost for the Comoros and East Timor and their economic aspirations in the coming years. This accession also represents an excellent beginning for the conference and for the commitment of member states to work together to adopt a global trade system that suits all.”
Membership in the World Trade Organization is a milestone for both countries, as it means that all members of the World Trade Organization must now grant trade with the Comoros and East Timor the full legal rights stipulated in the WTO treaties, and it also means that they will be able to participate in monitoring these treaties and negotiating. regarding it in the future. link
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Thoughts From Holly:
" Today, Algeria, Comoros, Iraq, Lebanese Republic, Libya, Somalia, Sudan and the Syrian Arab Republic are in the process of Article XII accession…"
8 countries joined the WTO yesterday. Iraq was one of them. It’s on the WTO website. The WTO meeting ends Feb. 29th. ~ Holly
READ IT FOR YOURSELF!
https://www.wto.org/english/thewto_e/acc_e/acc_2402202409_e/acc_2402202409_e.htm
~~~~~~~~~~~~
Goldilocks: WTO Iraq Announcement:
“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 access 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.”
Iraq is currently participating in the World Trade Organization. Their potential membership is moving forward.
As a full member of the WTO, they will need a rate to fully participate in this inclusion.
This is truly a monumental achievement for Iraq, and something the world has been waiting for a long time.
© Goldilocks
*************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man They're talking about deleting the zeros again...We're not talking 1, 2 or three articles... Article quote: "The issue of deleting the zeros and splinting the dinar has become a topic that causes a lot of reflection and controversy in economic circles..." If you go from 1310 to something back to a 'previous era'...is a big move...Article quote: "When this is done correctly we can expect...a strong dinar that is considered a store of value and perhaps even stronger than the dinar that was before 1980."
Frank26 Article: "The dinar and its three zeros - is it time to symak the dinar and return to the dinar 1980" IMO [symak means make] What's so big about 1980? So you want to return the dinar to the 1980's? By 1971, '72, '73, the Iraqi dinar on the international market was $3.778. Then...it was reduced on purpose to $3.2169 in 1980.
Insiders Continue To DUMP STOCKS. Bond Selloff Continues. Bitcoin Breaks Over $54K.
Greg Mannarino: 2-26-2024
Who are the Future Members of the BRICS?
Fasstep: 2-20-2024
I n a recent announcement from the BRICS leadership during their Moscow meeting, it has been revealed that several new countries are expected to join the BRICS group.
Although the specific names of these countries were not disclosed, we have conducted our research to identify these future members.
In this video, we will introduce each country, share demographic details, their economic strengths, and highlight their main export products.
Please note that the sequence in which the countries are presented is random and holds no particular significance.
Our aim with this video is not only to inform you about the new additions to the BRICS nations but also to explore the contributions they are poised to make.
"Tidbits From TNT" Monday 2-26-2024
TNT:
CandyKisses: 'Unprecedented' agreement in the Iraqi government to remove US forces
Baghdad Today - Translation
The Iranian Press TV Agency announced in a report published on Sunday (February 25, 2024) the existence of what it described as an "unprecedented consensus" between leaders and political officials within the Iraqi government to "remove" US forces from the country completely, Declaring the country's full ability to face the challenges and threat of terrorism.
The agency said, according to what was translated by "Baghdad Today", that the National Security Adviser Qassim Al-Araji, confirmed to her the information she previously obtained about the existence of political and security consensus on the removal of US forces, explaining that "Iraqi leaders have become confident of the ability of Iraqi forces to face the dangers and challenges to the country without the need for US forces, whose presence has become harmful to Iraqi security as a result of the targeting operations carried out inside the country."
TNT:
CandyKisses: 'Unprecedented' agreement in the Iraqi government to remove US forces
Baghdad Today - Translation
The Iranian Press TV Agency announced in a report published on Sunday (February 25, 2024) the existence of what it described as an "unprecedented consensus" between leaders and political officials within the Iraqi government to "remove" US forces from the country completely, Declaring the country's full ability to face the challenges and threat of terrorism.
The agency said, according to what was translated by "Baghdad Today", that the National Security Adviser Qassim Al-Araji, confirmed to her the information she previously obtained about the existence of political and security consensus on the removal of US forces, explaining that "Iraqi leaders have become confident of the ability of Iraqi forces to face the dangers and challenges to the country without the need for US forces, whose presence has become harmful to Iraqi security as a result of the targeting operations carried out inside the country."
The agency also confirmed that it had obtained information confirming that the Iraqi government will "sign individual security agreements" with the countries that now represent the international coalition alongside the United States, noting that these agreements will ensure that the government in Baghdad receives the support of those countries for Iraq in addition to the continuous strengthening of the capabilities of the Iraqi forces, by withdrawing their description.
It is noteworthy that the Iraqi parliament took in 2020 a non-binding decision to remove US forces from Iraq, as the agency indicated that the current consensus between the political and security leaders in the country will witness during the coming period another decision from Baghdad that is binding after the agreement with the US side.
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Tishwash: Government work to complete the 2024 budget schedules
The Ministry of Planning confirmed today, Monday, the continuation of its work to complete the 2024 budget schedules.
Ministry spokesman, Abdul Zahra Al-Hindawi, said, “Work is continuing to complete the 2024 budget schedules in coordination with the Ministries of Finance and Oil and the relevant authorities, so that they will be discussed soon by the government and then sent to the House of Representatives.”
He explained, "The budget tables include the volume of revenues for the year 2024 and the volume of expenditures in their operational and investment aspects."
Finance Minister Taif Sami confirmed, during her meeting with the Finance Committee, that “employees’ salaries for the year 2024 are fully insured,” indicating that “the release of the salaries of the region’s employees for the current month is subject to the submission of lists of names, and we have stipulated nationalization to disburse them during the coming months.”
She added, "The Ministry has begun launching financing for the operational budget," noting that "the 2024 budget tables will soon be sent to the Council of Ministers for approval and sending them to Parliament." link
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Tishwash: Prime Minister: The government is open to developing relations with all countries of the region
INA Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Sunday, that the government is open to developing relations with all countries of the region.
The Prime Minister’s Media Office stated in a statement received by the Iraqi News Agency (INA): “The Prime Minister, Muhammad Shia’ al-Sudani, received, this Sunday afternoon, the Ambassador of the Islamic Republic of Iran to Iraq, Muhammad Kadhim Al Sadiq, and during the meeting, they discussed bilateral relations and ways to Strengthening and developing it in all fields, in a way that achieves the mutual benefit of the two friendly countries.”
The Prime Minister stressed, according to the statement, that “the government is open to developing relations with all countries of the region, and is working on major projects that achieve comprehensive integration between these countries, which have many ties and commonalities and ambitious development plans, in a way that consolidates regional and international stability.” link
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Tishwash: We will host the Governor of the Central Bank and the directors of licensed banks - Parliamentary Integrity
Member of the Parliamentary Integrity Committee, Abdul Amir Al-Mayahi, said that the Central Bank directed the banks to deliver external transfers in dollars, but some of them did not comply with the instructions, and we will take quick decisions against them, indicating that there is talk within the committee to host the Governor of the Central Bank, Ali Al-Alaq, and the directors of licensed banks, in the coming days, Against the background of these violations.
Al-Mayahi explained, in an interview with the official newspaper, followed by the 964 Network , that “banks’ violation of instructions regarding converting customers’ transfers in foreign currency into the Iraqi dinar at a price set by the state at 132 causes serious harm to customers, due to the price difference,” calling it “a violation, despite From the directive of the Central Bank dated 12/31/2023, and its confirmation on 1/2/2024, then reaffirming the instructions for a period not exceeding nine days on 1/11/2024 on the necessity of adhering to the instructions of the Central Bank and taking into account the rights of customers.”
Al-Mayahi added, “The Central Bank directed that customers be given their transfers in dollars, not Iraqi dinars, and that the banks should inform the Central Bank of the amounts they need for cash dollars to meet their customers’ requests,” indicating that “the banks, unfortunately, did not respond to the call of the Central Bank, did not implement the instructions, and are still delivering external transfers to customers in dinars.” .
He pointed out that “the Integrity Committee will have a major role in relation to these violations, especially since there is talk within the committee to start hosting the Governor of the Central Bank and the advanced staff in the coming days, in addition to the directors of licensed banks to examine the violations committed by them.”
Al-Mayahi stated, “Council of Ministers Resolution No. (23.26) of 2023 emphasized taking into account dealing in the Iraqi currency and supplying the dinar, and this does not apply to converting foreign remittances to the dinar,” and said: “This is a clear violation and quick decisions will be taken regarding it by the committee.” link
Mot: ... DANG!!!!!!
Mot: .. It's about Time
