Dinar Recaps 20 4/14/23 Dinar Recaps 20 4/14/23

Goldilocks "Banking Reforms" 4-14-2023

Goldilocks and Seeds of Wisdom

Thank you RJ

RJ: Good morning Dinar Recaps,

Goldilocks posted commentaries and links this morning"

The raising of interest rates one more time is on debate.

It is believed that inflation is under control, but there may be one more .25 basis points added to ensure the economy goes in the right direction.

It is too close to call what the Federal Reserve is going to do in the next FOMC meeting.

Either way, it is believed that we are heading in a good direction by the Fed.

Meanwhile, the markets have a different idea on this assessment.

Goldilocks and Seeds of Wisdom

Thank you RJ

RJ: Good morning Dinar Recaps,

Goldilocks posted commentaries and links this morning"

The raising of interest rates one more time is on debate.

It is believed that inflation is under control, but there may be one more .25 basis points added to ensure the economy goes in the right direction.

It is too close to call what the Federal Reserve is going to do in the next FOMC meeting.

Either way, it is believed that we are heading in a good direction by the Fed.

Meanwhile, the markets have a different idea on this assessment.

The dollar continues to tick down.

Gold and oil continue to rise.

Artificial Intelligence growth for businesses are beginning to put a squeeze on the human workforce.

The new technological world may be good for the markets, but people are suffering and trying to find ways to adapt to this new world.

~~~~~~~~~~

The bottom line, the interfacing of quantum computers around the world are beginning to go online.

This is why the debate over stablecoins and deposit tokens are being discussed at this point for payment.

Regulations on digital currency are in the forefront with Congress and rapidly moving into the private sector.

These digital forms of money will increase its velocity and raise its values around the world.

Protocol 20 is the aspect of the banking sector that is beginning to be unlocked. Protocol 20 deals with currency reforms near and abroad.

"Where we go one, we go all."

~~~~~~~~~~

The Fed is currently transitioning to a new approach.

The move from tightening policies to a pause in those decisions is currently on the table while seeking new directions.

We are moving closer to an inflection point. This is the period of time whereby transitions can take place in an economy.

~~~~~~~~~~

Iraq is currently involved in banking reforms.

What are Banking Reforms?

Banking reforms have certain objectives to solve:

* chronic nonprofit earning problems

* increase the efficiency, stability, and effectiveness of banks

* and strengthening of the overall health of the public sector banks

These are done so that a country can compete with International Standards.

It looks like "a suitable environment for reentry into the global stage" Iraq talked about years ago is at hand.

~~~~~~~~~~

By the way, a pause in money-tightening policies gives room for the entrance of new developments (QFS) in the banking system to take place including currencies with new values (Iraq and others). 😉

Goldilocks' Telegram Room

https://t.me/+YU9UrHLxFbszOTJh

Goldilocks on the Seeds of Wisdom Team Website

https://www.seedsofwisdomteam.com/

Thank you Dinar Recaps

DINARRECAPS8 4/14/23 DINARRECAPS8 4/14/23

Friday Morning Iraq Economic News Highlights 4-14-23

Al-Bawi Is Likely To Continue To Recover The Dinar Against The Dollar, With The Approaching Approval Of The Budget

Information / Baghdad.. Political analyst Hazem Al-Bawi suggested, on Friday, that the dollar will continue to decline and collapse against the dinar, as the timing of approving the financial budget for the current year approaches.

Friday Morning Iraq Economic News Highlights 4-14-23

Al-Bawi Is Likely To Continue To Recover The Dinar Against The Dollar, With The Approaching Approval Of The Budget

Al-Bawi said, in a statement to Al-Maalouma, that this continuous decline in the ceiling of the price of the American currency in the local stock exchange, especially in the capital, proves to the people that the political and economic decision-maker in power is more serious in the task of dealing with this crisis that has affected the people in recent years due to the chaotic politics. The criticism followed by the government of Mustafa Al-Kazemi.

He added that the people are the asset of any government, and that the Sudanese cabinet, if it wants to write for itself success, is required to prove its credibility before it, and thus solve suffocating economic crises, most notably the dollar, as well as housing, unemployment, services, and others.

He pointed out that the cabinet's progress with a clear-cut scientific service program makes the people the first line of defense in the face of any political campaign, whether internal or external, to which the government is exposed in the foreseeable future. LINK

The Stability Of The Dollar Exchange Rate In The Local Market Today, Friday

Friday 14, April 2023 13:08 | Economical Number of readings: 67 Baghdad / NINA / - The exchange rate of the dollar in the local market witnessed stability today, Friday.

The selling price was recorded at 146 thousand dinars per hundred dollars, while the purchase price reached 145 thousand dinars per hundred dollars, which is the same price as yesterday, Thursday.

https://ninanews-com.translate.goog/Website/News/Details?key=1047045&_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

Democrat: Speeding Up The Approval Of The Budget Will Reduce The Differences Between The Center And The Region

Democrat: Accelerating the approval of the budget will reduce the differences between the center and the region

Information / Baghdad.. The representative of the Kurdistan Democratic Party, Sharif Suleiman, affirmed, on Friday, that his party stands by the government and its directions, especially the speedy approval of the budget, pointing out that this would reduce the differences between the center and the region.

Suleiman said, in a statement to Al-Maalouma, that "some paragraphs of the budget will witness amendments before proceeding with its legislation in the House of Representatives, especially since most of the blocs agree on the speed of its passage and its entry into force .”

He added, "The Kurdistan Democratic Party stands by speeding up the approval of the budget, and this matter would reduce the differences between the center and the region regarding the budget and revenues and solve many problems between Baghdad and Erbil."

And he indicated that "the Democratic Party stands by the government, its directions and projects, and is awaiting the approval of the budget in order to guarantee the rights of all the Iraqi people with all its components and the reconstruction of cities affected by terrorism to ensure the return of its people.” LINK

International Monetary Fund: Growth In The Middle East Will Slow To 3.1% In 2023

Arab and international Economy News-Baghdad The Director of the Middle East and Central Asia Department at the International Monetary Fund, Jihad Azour, said during a press conference today, Thursday, that the growth of the gross domestic product of the Middle East and North Africa will slow to 3.1% in 2023.

He added that growth in oil-exporting countries in the region will slow to 3.1% in 2023 from 5.7% in 2022.

The Director of the Middle East and North Africa Department at the International Monetary Fund, Jihad Azour, said earlier that the oil markets will have the greatest impact on the Gulf economies in 2023, pointing to the strength of the economies of the countries of the region compared to the global economy.

Azour pointed out that economic diversification is an important element for the growth of the economies of the Gulf states.

He revealed that combating inflation is a necessity for the economies of oil-importing countries.

https://economy-news.net/content.php?id=33559

The Governor Of The Central Bank Of Iraq Participates In The Meetings Of The World Bank And The Monetary Fund In Washington And Confirms His Endeavor To Strengthen The Status Of National Banks

Baghdad - Iraq today: The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, confirmed that the purpose of restructuring the Iraqi banking sector is to strengthen and develop government banks, considering that strengthening and restructuring these banks represents a real rebuilding of the banking sector in Iraq.

Al-Alaq mentioned during the participation of an Iraqi delegation in the meetings of the World Bank and the International Monetary Fund in the US capital, Washington, that the assets and assets of government banks constitute more than 80% of the Iraqi banking sector.

While the governor revealed that the Central Bank has a program to restructure government banks and has been working on it for years in cooperation with relevant international organizations, the World Bank and the International Monetary Fund, stressing the existence of harmony between the Iraqi government and the Central Bank in the process of reforming the banking sector.

And he continued, that there are several possibilities related to the restructuring of government banks, as these possibilities depend on the results of analyzes of the financial statements of some banks that have the problem of final accounts, adding, that all the possibilities involved in merger and acquisition exist, and that any formula that is useful, we will study it with the competent authorities and organizations. International, which has long experience and expertise in this field.

It is noteworthy that the governor held several bilateral meetings on the sides of the Iraqi delegation's participation in the meetings of the World Bank and the International Monetary Fund that took place in Washington, DC. LINK

Central Bank: We Have A Program To Restructure Government Banks

Information / Baghdad.. The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, confirmed today, Friday, the existence of a program to restructure government banks.

The media office of the Central Bank stated in a statement received by the agency, "The Governor of the Central Bank, Ali Mohsen Ismail, stated during the participation of an Iraqi delegation in the meetings of the World Bank and the International Monetary Fund in the American capital, Washington, that the assets and assets of government banks constitute more than 80% of Iraqi banking sector.

He added, "The central bank has a program to restructure government banks and has been working on it for years in cooperation with relevant international organizations, the World Bank and the International Monetary Fund," stressing "the existence of harmony between the Iraqi government and the central bank in the process of reforming the banking sector."

And he continued, “There are several possibilities related to the restructuring of government banks, as these possibilities depend on the results of analyzes of the financial statements of some banks that have the problem of final accounts.” and international organizations that have long experience and experience in this field.

The statement indicated that "Al-Alaq held many bilateral meetings on the sidelines of the Iraqi delegation's participation in the meetings of the World Bank and the International Monetary Fund that took place in the US capital, Washington." LINK

Al-Alaq: The Assets And Assets Of Government Banks Constitute More Than 80% Of The Iraqi Banking Sector

04/14/2023 Earth News / The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, confirmed today, Friday, the existence of a program to restructure government banks.

The media office of the Central Bank stated, in a statement received by Earth News Agency, that “the governor of the Central Bank, Ali Mohsen Ismail, stated, during the participation of an Iraqi delegation in the meetings of the World Bank and the International Monetary Fund in the American capital, Washington, that the assets and assets of government banks constitute more than 80% of the sector.” Iraqi banker.

And he continued: “There are several possibilities related to the restructuring of government banks, as these possibilities depend on the results of analyzes of the financial statements of some banks that have the problem of final accounts,” adding that “all possibilities involving merger and acquisition exist, and that any formula that is useful we will study with the competent authorities and international organizations that have long experience and experience in this field.”

The statement indicated that "Al-Alaq held several bilateral meetings on the sidelines of the Iraqi delegation's participation in the meetings of the World Bank and the International Monetary Fund that took place in Washington, DC." https://earthiq.news/archives/220491

Dinar Recaps 20 4/14/23 Dinar Recaps 20 4/14/23

"Tidbits From TNT" Friday Morning 4-14-2023

TNT:

CandyKisses: The Governor of the Central Bank of Iraq participates in the meetings of the World Bank and the IMF in Washington and confirms his endeavor to enhance the position of national banks

Baghdad - Iraq today:

The Governor of the Central Bank of Iraq, Ali Mohsen Ismail, stressed that the intention of restructuring the Iraqi banking sector is to strengthen and develop government banks, considering the strengthening and restructuring of these banks as a real reconstruction of the banking sector in Iraq.

During the participation of an Iraqi delegation in the meetings of the World Bank and the International Monetary Fund in Washington, D.C., Al-Alaq said that the assets and assets of government banks constitute more than 80% of the Iraqi banking sector.

TNT:

CandyKisses: The Governor of the Central Bank of Iraq participates in the meetings of the World Bank and the IMF in Washington and confirms his endeavor to enhance the position of national banks

Baghdad - Iraq today:

The governor revealed that the Central Bank has a program to restructure government banks and has been working on it for years in cooperation with relevant international organizations, the World Bank and the International Monetary Fund, stressing that there is harmony between the Iraqi government and the Central Bank in the process of reforming the banking sector.

He added that there are several possibilities related to the restructuring of government banks, as these possibilities depend on the results of analyzes of the financial statements of some banks that have the problem of final accounts, adding, that all possibilities including mergers and acquisitions exist, and that any formula that is useful we will study with the competent authorities and international organizations that have experience and long experience in this field.

It is noteworthy that the Governor held many bilateral meetings on the sidelines of the participation of the Iraqi delegation in the meetings of the World Bank and the International Monetary Fund that took place in Washington, DC.

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

Tishwash: Parliament is preparing to host the Sudanese before the session to pass the budget law

A member of the Parliamentary Economy and Industry Committee, Mowaffaq Hussein Qadir, suggested the possibility of hosting the Prime Minister and a number of ministerial figures inside Parliament on discussing the details of the 2023 budget.

Qadir said in a press interview, “The differences between some parliamentary blocs over specific articles within the 2023 budget bill may prompt an official request to host the prime minister and a number of ministers to discuss these points during the second reading of the budget bill under the dome of Parliament,” pointing out that “Some points within the draft budget are still a matter of controversy among the parliamentary blocs, but that does not mean that passing the budget has been delayed.”

And Qadir added, “The Parliamentary Economy Committee records its observations on the amounts allocated to investment projects within the budget,” noting that “the amounts of investment projects are not commensurate with the budget funds, amounting to 199 trillion dinars.” link

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

Tishwash: Governor of the Central Bank: We are on alert to control the exchange rate of the dinar

Today, Thursday, the governor of the Central Bank, Ali Al-Alaq, stressed the government's commitment to not reaching the dollar's exchange rate to countries with which the United States prohibits dealing in the American currency, pointing out that Iraq is on alert to control the dinar's exchange rate.

Al-Alaq said in a press statement on the sidelines of the meetings of the World Bank and the Monetary Fund in Washington, reported by "Bloomberg" and viewed by NRT Arabia, that "the American requirements for controlling transfers do not classify them as restrictions, but rather all that is required is the application of the money laundering and combating terrorism law."

He added, "We are on alert in the central bank to control the exchange rate of the dinar," explaining that "this problem is not related to an internal financial crisis, but rather related to pre-audit procedures for external transfers of hard currency."

Al-Alaq explained that "external transfers through the platform" multiplied very quickly, which created a balance in supply and demand for the dollar, "disclosed," the US treasury agrees with us on the need to expand external transfer channels.

He stressed, "The new system does not aim to restrict responding to legitimate requests, as much as it aims to provide protection for the banking and financial system from illegal or suspicious operations, and supports the implementation of the Anti-Money Laundering and Terrorist Financing Law and the instructions related to it."

With regard to structuring banks, Al-Alaq pointed out that “the target of structuring banks is government banks that represent more than 80% of the sector, and the positive thing is that there is harmony between the government and the central bank to reform the banking sector,” revealing that “all options are available to structure and develop the sector in a manner that Including mergers.

Yesterday, Wednesday, the US Treasury Department showed great flexibility and willingness to assist the Central Bank of Iraq in achieving stability in the exchange rate of the dollar against the dinar.

The media office of the Central Bank said in a statement, NRT Arabia received a copy of it, that "this came during a meeting with the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, today, with Assistant Secretary of the US Treasury Brian Nelson, on the sidelines of the annual meetings of the International Monetary Fund and the World Bank."

The statement added, "The two parties discussed facilitating the procedures of the Central Bank of Iraq in the process of financial transfers, while the US Treasury showed great flexibility and willingness to assist the Central Bank of Iraq in its efforts to achieve stability in the exchange rate."

The governor of the Central Bank confirmed, according to the statement, that he "agreed with the Assistant Secretary of the US Treasury to intensify communication between the technical teams of the two parties to implement the facilitation steps that were agreed upon during the meeting, within a short period."

In the same context, it was agreed with the International Monetary Fund and the World Bank to hold a "non-financial" program that includes the Fund providing technical and advisory support for the economic reform adopted by the Iraqi government in achieving financial and monetary stability.

And began in the American capital, Washington, the meetings of the Iraqi delegation with the International Monetary Fund and the World Bank, in the presence of the Governor of Iraq in the Fund, Governor of the Central Bank of Iraq Ali Mohsen Al-Alaq, Minister of Finance Taif Sami, and the technical delegation accompanying them.

He explained, "The meeting witnessed a discussion of Iraq's direction towards concluding a (non-financial) program that includes the Fund providing technical and advisory support for economic reform adopted by the Iraqi government in achieving financial and monetary stability," noting that "it was agreed to prepare a draft agreement on the program and start implementing it in the coming days.”

According to the statement, Al-Alaq called on the fund to "provide support to the Central Bank of Iraq in its measures to achieve stability in the exchange rate in accordance with international practices, and the Iraq agreement with the International Monetary Fund, which was ratified by the Iraqi parliament in 2008." link

Mot: ...... Yet another Reason - I Don't Cook!!! ~~~~

Mot: ...... Helpful guide! fer the ""Wee Folks"" from Mot of Course!! ~~~

DINARRECAPS8 4/13/23 DINARRECAPS8 4/13/23

Iraqi News Highlights Thursday Afternoon 4-13-23

Tlm724 Administrator Bondlady’s Corner

Parliamentary Integrity: The Government Is Moving In The Right Direction In Dealing With Corruption Files

Political | 12:07 - 04/13/2023 Baghdad - Mawazine News The Integrity Committee in the House of Representatives considered, on Thursday, that the government is "moving in the right direction" in dealing with corruption files.

Committee member Duha al-Qaseer said in an interview with the official newspaper, "Al-Sabah", which was followed by Mawazine News, that "there are many issues that were opened by the current government, which were not dealt with or were previously overlooked."

Iraqi News Highlights Thursday Afternoon 4-13-23

Tlm724 Administrator Bondlady’s Corner

Parliamentary Integrity: The Government Is Moving In The Right Direction In Dealing With Corruption Files

She added, "Prime Minister Muhammad Shia'a Al-Sudani is a sponsor of the anti-corruption project, in cooperation with the Parliamentary Integrity Committee and the Integrity Commission, and this is the result of a real will in this aspect."

And she continued, "The government's steps in this file are positive and are moving in the right direction," stressing that "the committee has a special program to combat corruption in cooperation with the head of the Integrity Commission, by creating laws through which this project is implemented to the fullest." Ended https://www.mawazin.net/Details.aspx?jimare=224478

A Slight Decline In Oil Prices Amid Anticipation Of The OPEC Report

Economy| 11:32 - 04/13/2023 Follow-up - Mawazine News Oil prices fell slightly, in Thursday's trading, after a recent rise, and the decline comes amid market anticipation of the monthly "OPEC" report, which is scheduled to be issued today.

And by 10:58 Baghdad time, US West Texas Intermediate crude futures fell by 0.04%, to $83.23 a barrel.

While Brent crude futures fell by 0.05% to $87.33 a barrel, according to Bloomberg data.

The OPEC monthly report gives an indication of the situation in the global energy markets, through which experts and analysts try to derive indications of the direction of demand and supply in the future. Ended https://www.mawazin.net/Details.aspx?jimare=224473

The stability of the dollar exchange rates in the local market today, Thursday

Thursday 13, April 2023 10:55 | Economical Number of readings: 474 Baghdad / NINA / - The exchange rates of the dollar stabilized in the local market today, Thursday.

The selling price was recorded at 146,000 dinars per hundred dollars, while the purchase price was 145,000 dinars./ End 7 https://ninanews.com/Website/News/Details?key=1046813

To read more current and reliable Iraqi news please visit BondLady’s Corner:

https://www.bondladyscorner.com/

Dinar Recaps 20 4/13/23 Dinar Recaps 20 4/13/23

Goldilocks "New CBI Logo and more" Thursday 4-13-2023

Goldilocks and Seeds of Wisdom

Thank you RJ

RJ: Good morning Dinar Recaps,

Goldilocks posted commentaries and links this morning:

The debt ceiling clearly is a concern this morning in the conversations taking place on the market.

Today, Speaker McCarthy is heading to Wall Street to discuss the debt ceiling Market Impact.

Both sides have to come up with a way to work with one another, or the markets are in trouble.

Goldilocks and Seeds of Wisdom

Thank you RJ

RJ: Good morning Dinar Recaps,

Goldilocks posted commentaries and links this morning:

The debt ceiling clearly is a concern this morning in the conversations taking place on the market.

Today, Speaker McCarthy is heading to Wall Street to discuss the debt ceiling Market Impact.

Both sides have to come up with a way to work with one another, or the markets are in trouble.

Today, the PPI Index is read. "A producer price index is a price index that measures the average changes in prices received by domestic producers for their output. Its importance is being undermined by the steady decline in manufactured goods as a share of spending." Wikipedia

Just in, the PPI is just a little higher than expected. You have to remember. Our markets have recently gone through benchmark revisions.

These revisions are giving the market indicators room to breathe. It is like raising a debt ceiling on the markets to keep them from looking so bad.

From early indicators, it looks like they are trying to find a path forward that will allow them to raise the debt ceiling.

This will give Congress more time to work on currency reforms in the digital and hard currency sectors.

Currently, the Government is taking a hard look at government spending. In some ways, this is just as much a part of currency reforms as well.

~~~~~~~~~~

CBI. Do you see the new gold bar on their logo to the cbi.iq website?

~~~~~~~~~~

"The world’s financial heavyweights will gather in Washington this week to reimagine how the world will underwrite the challenges of the 21st century.

Their mission: revamping a nearly 80-year-old system so it can better tackle climate change, debt distress and other pressing problems."

The IMF and World Bank are meeting this week to discuss a path forward with global economic reforms.

All the data is in place, and the ability to make a decision on a path forward is being called forth by countries all over the world.

Goldilocks' Telegram Room

https://t.me/+YU9UrHLxFbszOTJh

Goldilocks on the Seeds of Wisdom Team Website

https://www.seedsofwisdomteam.com/

Thank you Dinar Recaps

DINARRECAPS8 4/13/23 DINARRECAPS8 4/13/23

Thursday Morning Iraq Economic News Highlights 4-13-23

Recession Fears Are Back To Haunt The Oil Markets

Today 11:45 Information/Baghdad.. Oil prices fell in early trading Thursday, after rising in the previous two sessions, as investors remained cautious due to persistent concerns about a possible recession in the United States and weak demand for oil.

Brent crude fell 38 cents, or 0.44 percent, to $86.93 a barrel, while US West Texas Intermediate crude fell 34 cents, or 0.41 percent, to $82.93.

The two benchmarks rose 2% on Wednesday to their highest levels in more than a month, as data showing a slower rise in US inflation spurred hopes that the Federal Reserve (US central bank) would stop raising interest rates.

Thursday Morning Iraq Economic News Highlights 4-13-23

Recession Fears Are Back To Haunt The Oil Markets

Brent crude fell 38 cents, or 0.44 percent, to $86.93 a barrel, while US West Texas Intermediate crude fell 34 cents, or 0.41 percent, to $82.93.

However, the previous monetary tightening, which saw interest rates raised to their highest levels since 2007, increases concerns that the US central bank's focus on stopping inflation will curb economic growth and future demand for oil in the country that uses it the most in the world.

"The rally ended due to concerns that a possible US recession will weaken demand for crude oil," said Toshitaka Tazawa, an analyst at Fujitomi Securities.

The U.S. consumer price index rose 0.1% last month, less than economists' expectations for a 0.2% increase, and less than the 0.4% rise in February, boosting expectations that the Fed will hold off on raising rates after a possible increase in May.

On Wednesday, markets shrugged off a slight increase in US crude inventories, attributing it in part to a congressional-mandated withdrawal of oil from the US emergency reserve and lower exports at the beginning of the month.

The Energy Information Administration said yesterday that crude inventories rose by 597 thousand barrels last week, compared to analysts' expectations in a Reuters poll, down 600 thousand barrels. Gasoline and distillate inventories fell less than expected.

And the oil market rose two weeks ago after the Organization of the Petroleum Exporting Countries (OPEC) and allies such as Russia agreed to reduce production. LINK

The Exchange Rates Of The Dollar And Other Currencies In The Kurdistan Markets For Today

2023.04.13 - Baghdad - Nas "NAS" publishes the exchange rates of the dollar and other currencies in the markets of the Kurdistan region, on Thursday, (April 13, 2023), according to monitoring specialists.

100$ = 144,300

100€=108$/109$

100£ = $121.5/$122.5

100$ = 1930 / 2000 Turkish liras

100$=4,830,000tman cash

1000k swede = 94$

1000k narwej=93$

1000k danimark=133.75$

https://www.nasnews.com/view.php?cat=105553

A Representative Of The Law Explains The Most Important Amendments To The Budget To Ensure The Achievement Of The Goals

Today Information / Baghdad.. The deputy of the State of Law Coalition, Suad al-Maliki, confirmed, on Thursday, that the budget will witness amendments to some of its items and paragraphs to ensure that it reaches the people who deserve it.

Follow the "information" channel on Telegram.. news that does not need to be documented..

Al-Maliki said in an interview with Al-Maalouma Agency, that "many amendments should be added to the budget, especially the paragraphs that pertain to the segments of Iraqi society."

She added, "The concerned parliamentary committees are working on making some amendments in the paragraphs and items of the budget, including adding doctoral campaigns for this year, health professions, and contracts."

She pointed out that "the budget law is still under discussion in the Finance Committee, and we will try to hold discussions with the various ministries concerned in order to make some amendments within our constitutional powers."

A member of the Parliamentary Finance Committee, Mudar Al-Karawi, confirmed in a previous interview with Al-Maalouma Agency that discussions are underway about a number of decisions, the most prominent of which is making money transfers in order to increase the size of the governorates’ budget in the development of the regions. LINK

Shankali Reveals The Three Most Prominent Obstacles To Delaying The Passage Of The Budget

Today Information / Baghdad .. The head of the Health Committee, Representative Majid Shankali, revealed, on Thursday, the three most prominent obstacles to the discussions of passing the budget, indicating that it is very difficult to speculate on the date of approving the law.

Follow the "information" channel on Telegram.. news that does not need to be documented..

Shankali said, in a statement to Al-Maalouma, that "the draft budget law has three issues ahead of it that may take a long time from the discussions, despite the desire of all political forces to speed up its passage."

He added, "The first issue is the disagreement of the political forces regarding preparing and voting on a budget for three years, as some forces reject that paragraph."

He pointed out that "the second issue is related to the deficit, which reached 64 trillion, which constitutes 33% of the size of the budget, and therefore the discussion will intensify in order to reduce it, even if it is a hypothetical deficit. "

Shinkali continued, "The third issue relates to the dispute over the price of a barrel of oil, which was set at $70 a barrel, which some see as a risk and like to reduce it to a lower level, while others see the opposite through the new strategy of OPEC Plus, which reduced oil production in order to maintain a price of more than 90 dollars in the future, “while he indicated that no one can predict a date and time for approving the law.” LINK

The Sudanese Advisor Suggested A Date For The Budget: Its Entry Into Force In A Month

1,116 The financial and economic advisor to the Prime Minister, Mazhar Muhammad Salih, suggested today, Wednesday, the date for the approval and entry into force of the budget.

"I expect that the federal budget will be approved in the same format in which it was sent by the government," Saleh said in a press interview seen by Taqaddam.

Daleh added, "I also expect that it will not take long until it will be approved and put into effect within a month from today's date."

And the House of Representatives announced, on Monday evening, that the Parliamentary Finance Committee had completed its discussions on the draft federal budget law, in the presence of the first deputy speaker of Parliament.

The First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, confirmed that the next few period will witness the second reading of the budget bill during a meeting of the Parliamentary Finance Committee, in the presence of its chairman and members.

Last Wednesday, the House of Representatives completed the first reading of the draft federal budget law for the Republic of Iraq for the fiscal years (2023, 2024, 2025). https://takadum-news.com/archives/159199

US Treasury: We Are Ready To Assist Iraq In Re-Stabilizing The Exchange Rate

The first 2023/04/13 Yesterday, Wednesday, the US Treasury Department showed "great flexibility and willingness" to assist the Central Bank of Iraq in achieving stability in the exchange rate of the dollar against the dinar.

This came during a meeting with the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, yesterday, Assistant Secretary of the US Treasury Brian Nelson on the sidelines of the annual meetings of the International Monetary Fund and the World Bank, according to a statement issued by the media office of the Central Bank.

The statement said: The two parties discussed facilitating the procedures of the Central Bank of Iraq in the process of financial transfers, indicating that the US Treasury showed great flexibility and willingness to assist the Central Bank of Iraq in its efforts to achieve stability in the exchange rate.

The statement quoted the governor as confirming that he had agreed with the Assistant Secretary of the US Treasury to intensify communication between the technical teams of the two parties to implement the facilitating steps agreed upon during the meeting, within a short period.

Yesterday, Wednesday, in the US capital, Washington, the meetings of the Iraqi delegation with the International Monetary Fund and the World Bank began, in the presence of Al-Alaq and Finance Minister Taif Sami. https://alsabaah.iq/75232-.html

Parliament Begins The Second Reading Of The Budget In The Middle Of Next Week

Posted On2023-04-13 By Sotaliraq Baghdad / Firas Adnan The House of Representatives is preparing to complete the second reading of the budget in the middle of next week, and deputies confirm that this comes in conjunction with an upcoming meeting that brings together the Finance Committee with Prime Minister Muhammad Shia’a Al-Sudani to listen to his viewpoint on the law and discuss issues described as controversial and contained in the articles, the most prominent of which is related to the size of the amounts and the percentage Disability as well as the period of its validity, whether it is one year or three years.

Representative Adnan Al-Jabri said, "Parliament is currently preparing to start the second reading on the draft budget law."

Al-Jabri continued, "The representatives have a lot of observations that will be made during the presentation of the Finance Committee's report on the law in the second reading."

He did not rule out, “raising additional issues and proposals that were not presented during the discussions in the Finance Committee on the budget.”

Al-Jabri pointed out that «provincial representatives will have clear demands regarding the entitlements of their regions, which is a very normal matter».

Despite his talk about a “comfortable majority to pass this law,” he went back to clarifying that “this will not be in the form currently proposed in Parliament, but after making amendments and including the recommendations of the Finance Committee and the demands of the representatives.”

Al-Jabri pointed out, "The second reading will be completed next week, through the presentation of the Finance Committee's report and its recommendations."

And he believes, "The legislation of the budget law for the current year will be the fastest compared to previous years, given the history of its arrival in Parliament."

Al-Jabri added, "The coming days will witness a meeting between Prime Minister Muhammad Shia'a Al-Suadni and the Parliamentary Finance Committee to put some details on the budget and listen to his point of view on some controversial points."

And he stressed, "Developing a budget for three years is a positive matter, because we will reach the middle of the current period, and the budget needs times related to voting, and then approval and publication, leading to the issuance of instructions to facilitate its implementation."

Al-Jabri stressed, "The current budget will be legislated for six months or five months only, which is what made the government send a project for three years in order to ensure the implementation of its ministerial platform."

However, Representative Moeen Al-Kazemi stated that "the trend within the Finance Committee until the present time and Parliament in general is to enact a budget for one year only."

Al-Kazemi added, "The committee held about three meetings during the current week, headed by Deputy Speaker of Parliament Mohsen Al-Mandalawi, and in the presence of the committee's chairman, Atwan Al-Atwani, and his two deputies."

He pointed out, "The members of the committee have completed the review of the 67 articles of the law, and they are in the process of preparing their report in order to present it during the second reading."

And Al-Kadhimi indicated, “The second reading session will take place according to the data available to us in the middle of next week, amid assurances from various political blocs of the need to expedite the approval of this law.”

And he added, "The observations that were recorded are different, but they are concentrated mainly on the increase in the amounts of the law to 200 trillion dinars, and this led to an increase in the planned deficit."

Al-Kazemi agrees with Al-Jabri, that “the coming days may witness a meeting between the Finance Committee and the Prime Minister, in order to listen to his point of view and his observations regarding the articles of the law.”

And he stated, "The discussions will definitely lead us to reduce the budget amounts, and make the deficit in it possible to pay after reducing its amount, through the round for the past two years."

And Al-Kazemi concluded, “The government has, since the current time, ample space to present a draft budget for the next year that can be voted on before the end of the current year if it adheres to the timings of the Financial Management Law, which requires it to submit the project no later than mid-October.”

For his part, Representative Jamal Cougar describes the deficit reported by the government in the draft budget law as unprecedented.

Cougar added, "Iraq has no fears of a deficit for this year in particular, for two reasons. The first is the existence of a surplus estimated at 30 trillion dinars, and the second is that the remainder of the fiscal year is approximately six months after the law's ratification."

He pointed out, "These two factors will put Iraq in front of a big roundabout, since the government cannot spend all the sums mentioned in the law during the remainder of this year."

Cougar pointed out, "The fate of the budget law is to vote on it, because everyone is waiting for it, and the Finance Committee is serious about completing its work on the draft currently presented to it."

And he finds, that “the Financial Management Law when it talked about the possibility of presenting budgets for three years, but this differs from what the government has gone to currently in presenting a single budget for three years.” LINK

Deputy: The Budget Will Not Be Delayed This Time

political| 09:34 - 04/13/2023 Baghdad - Mawazine News Representative Kazem Al-Shammari said, on Thursday, that the budget will not be delayed this time because "there is a parliamentary will towards its approval and ratification."

Al-Shammari added, "We understand, as members of Parliament, the difficulties facing the ministries in implementing their projects through the delay in approving the budget," according to the official newspaper.

He continued, "There is a parliamentary tendency to approve the budget, although it is not an ideal budget, but at least it provides legal and legitimate cover for the ministries to carry out their investment projects."

He pointed out that "the differences are not the well-known aspect of political differences, but there is a difference in viewpoints, and these points of view will not change the will of the members of the House of Representatives to approve the budget." https://www.mawazin.net/Details.aspx?jimare=224468

Iraq Is Out Of The List.. A List Of The Most Indebted Countries To The International Monetary Fund

International 2023-04-13 | 04:35 612 views Alsumaria News – International The International Monetary Fund turned into one of the 3 largest creditors around the world during the current millennium, due to the difficulties facing the developing global economies.

Data from the International Monetary Fund show that there are 19 countries with debts exceeding one billion US dollars in favor of the Fund, out of the total number of creditor countries from the United Nations Economic Foundation, which numbered 94 countries.

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The total debt outstanding in favor of the International Monetary Fund, as of the end of the working day of April 12, is about 114.2 billion US dollars.

Existing debts mean funds that are not yet due for repayment, and do not include debts that have come due whether they have been paid or countries have defaulted.

In this report, it reviews Alsumaria News[/url]List of countries to which Saleh owes debts International Monetary Fund, in the amount of $1 billion or more, as of the end of the business day of April 12, 2023.

Argentina

ArgentinaToday it is the largest creditor by International Monetary Fund With an existing debt value of $33.25 billion, the country is facing difficulties related to the collapse of its local currency exchange rate, and the rise in inflation to historical levels that exceeded 100% in some months of last year.

And last year, I concludedArgentinapreliminary agreement with International Monetary Fund on a new $44.5 billion deal, a major breakthrough in the tense talks to restructure loans the country cannot repay.

Egypt

As forEgyptToday, it is the second largest borrower International Monetary Fund, with a total outstanding debt value of $13.2 billion, amid needCairoThe cash flow accompanying a recent economic reform program that I started last year.

The Egyptian government had announced that an agreement had been reached at the expert level with International Monetary Fund Last October, to obtain a new loan to address the financing gap, which the fund estimated at about $17 billion, and to solve the foreign exchange crisis.

And I receivedEgyptfirst batch of International Monetary Fund In December last year, while the fund documents show that the payments will be delivered toCairoIn March and September of each year, specifically from 2023 to 2026.

During the past year, he graduated fromEgyptAbout $23 billion, according to statements by the Egyptian Minister of Finance, Dr Mohamed Moait In the form of import payments, and investors exiting Egyptian debt instruments.

In the following lines, the list of countries to which Saleh owes debts International Monetary Fund, with a value exceeding 1 billion US dollars, as of the end of April 12:

-Argentina: 33,251,713,750

-Egypt: 13,419,696,671

- أوكرانيا: 8,980,269,172

- الإكوادور: 6,096,350,000

- باكستان: 5,566,083,335

- كولومبيا: 3,750,000,000

- أنغولا: 3,213,400,000

- جنوب إفريقيا: 3,051,200,000

- نيجيريا: 2,454,500,000

- كينيا: 1,766,686,300

- كوت ديفوار: 1,547,694,336

- المغرب: 1,499,800,000

- تونس: 1,496,457,911

- الأردن : 1,464,952,000

- Ghana: 1,254,415,500

- Democratic Republic of the Congo: 1,142,200,000

- Bangladesh: 1,050,210,800

- Sri Lanka: 1,041,892,508

- Cameroon: 1,008,780,000

LINK

Dinar Recaps 20 4/13/23 Dinar Recaps 20 4/13/23

"Tidbits From TNT" Thursday Morning 4-13-2023

TNT:

Tishwash: Iraq revives its tea plantation in Vietnam and discusses its development

The General Company for Foodstuff Trade in the Ministry of Commerce announced the resumption of its meetings with representatives of the joint Iraqi-Vietnamese company for the production and marketing of tea in Vietnam to follow up the company's work and ways to develop it and improve the level of performance of its employees.

And a ministry statement, which {Euphrates News} received a copy of, quoted the company's general manager, Lama Hashem Al-Moussawi, as saying, "During the meeting, a number of issues related to the production and marketing of the company's tea were also discussed, appropriate decisions were taken for it, the possibility of maintaining the company's headquarters, and determining the appropriate costs for that."

TNT:

Tishwash: Iraq revives its tea plantation in Vietnam and discusses its development

The General Company for Foodstuff Trade in the Ministry of Commerce announced the resumption of its meetings with representatives of the joint Iraqi-Vietnamese company for the production and marketing of tea {Foodati} in Vietnam to follow up the company's work and ways to develop it and improve the level of performance of its employees.

The statement pointed out that "the meeting was attended by the departments of the {financial affairs - legal affairs - import} departments in the foodstuff company." link

Member: Trade confirms its keenness to open new horizons for economic cooperation with Saudi Arabia

Today, Thursday, the Ministry of Commerce affirmed its keenness to open new horizons for economic and commercial cooperation with the Saudi side.

Trade media said in a statement, received by {Euphrates News}, that "Minister of Commerce Atheer Dawood Al-Ghurairy met his counterpart, Saudi Minister of Commerce and Investment Majid Al-Qasabi on the sidelines of his official visit and his accompanying delegation to the Kingdom of Saudi Arabia to discuss exchanging views to enhance joint cooperation in the economic, trade and investment fields, including It serves the common interests between Iraq and Saudi Arabia."

Minister Al-Ghurairy stressed, "During the meeting, the Iraqi government's keenness to open new horizons for economic and commercial cooperation and the development of intra-trade with the Saudi side," noting that "during the meeting, aspects of bilateral cooperation between the two countries were also reviewed, while inviting the Saudi side to actively participate in the Baghdad exhibition session." upcoming international.

For his part, the Saudi minister stressed "his country's keenness and support to strengthen cooperation with Iraq, and cooperation in the fields of economy, investment and trade."

On the sidelines of the visit, Minister Al-Ghurairy met with a group of Saudi businessmen and investors to learn about the Saudi experience in the field of investment and the development of economic sectors, while benefiting from the Kingdom's experience in the field of digital transformation. link

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

CandyKisses: Bank Governor: Iraq is on alert to adjust the exchange rate of the dinar

Shafaq News / The Governor of the Central Bank of Iraq Ali Al-Alaq, on Thursday, that Iraq is on alert to adjust the exchange rate of the dinar, stressing the government's commitment not to reach the dollar exchange rate to the countries that the United States prohibits dealing with the American currency.

Al-Alaq said in a press statement on the sidelines of the meetings of the World Bank and the IMF in Washington, reported by "Bloomberg" and seen by Shafaq News, that the US requirements to control transfers "do not classify them as restrictions, but all that is required is the application of the Money Laundering and Anti-Terrorism Law."

"We are on alert in the central bank to adjust the dinar exchange rate," he said, explaining that this problem "is not related to an internal financial crisis, but rather to pre-audit procedures for foreign hard currency transfers".

He added that external transfers through the platform "doubled very quickly, creating a balance of supply and demand for the dollar." "The US Treasury agrees with us on the need to expand external transfer channels," he said.

He stressed that "the new system does not aim to restrict the response to legitimate requests, as much as it aims to provide protection to the banking and financial system from illegal or suspicious operations, and supports the application of the Anti-Money Laundering and Combating the Financing of Terrorism Law and related instructions."

With regard to the structuring of banks, the Governor of the Central Bank of Iraq, Ali Al-Alaq, pointed out that "the target of structuring banks are government banks, which represent more than 80% of the sector, and the positive thing is that there is harmony between the government and the Central Bank to reform the banking sector," revealing that all options are available to structure and develop the sector, "including mergers."

On Wednesday, the Iraqi delegation's meetings with the IMF and the World Bank began in Washington, D.C., in the presence of Al-Alaq and Finance Minister Taif Sami.

The US Treasury Department showed "great flexibility and readiness" to help the Central Bank of Iraq stabilize the exchange rate of the dollar against the dinar.

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

CandyKisses: Deputy: The budget will not be delayed this time

Baghdad - Mawazine News

MP Kazem Al-Shammari said that the budget will not be delayed this time because there is a parliamentary will towards its approval and ratification.

Al-Shammari added: "As members of the House of Representatives, we understand the difficulties facing ministries in implementing their projects through the delay in approving the budget," according to the official newspaper.

He continued, "There is a parliamentary trend to approve the budget, although it is not an ideal budget, but at least it provides legal and legitimate cover for ministries to carry out their investment projects."

He pointed out that "differences are not the known face of political differences, but there are differences in views and these views will not change the will of members of the House of Representatives to approve the budget."

Mot: . the Gang trying to Understand the excuses aah reasons for the RV delays

Mot: ............ Love this time of year

DINARRECAPS8 4/12/23 DINARRECAPS8 4/12/23

Iraqi News Highlights Wednesday Evening 4-12-23

Tlm724 Administrator Bondlady’s Corner

They Started Not Thinking About The Dollar.. Thinking Gold..!

April 10 13:46 Sami Jawad Kazem Books / Sami Jawad Kazem

Where does the power of the state lie?

There are several joints that indicate the strength of the state, the most important of which is the economy and the economy is linked to the national currency, the strength of the state when its currency is fixed and is not affected by the events that take place locally or globally, strength when the state has the people's strength if the world is exposed to a crisis, strength when there is no currency market in Al-Kifah Street Shorja and the citizen does not exchange his foreign currency.

Iraqi News Highlights Wednesday Evening 4-12-23

Tlm724 Administrator Bondlady’s Corner

They Started Not Thinking About The Dollar.. Thinking Gold..!

April 10 13:46 Sami Jawad Kazem Books / Sami Jawad Kazem

Where does the power of the state lie?

Some countries have begun to consult with each other to have their balance of gold instead of the currency of the dollar, and this is a step in the right direction. In the market, its price exceeded 155 thousand, which is the price traded among traders.

It is not right to be associated with any country in a way that affects our economy.

Rather, it is correct to deal with everyone in an exchange of interests.

Yes, globally, Europe began before Asia to get tired of American politics, and

because politics is all hidden, and the hidden, as Kissinger says about it, is that it is not a service association, but a malicious association.

One day you don't think that China or Russia are better than America, because every country has its interests first, so why not our interests first?

Another very important aspect is the culture of the people and to what extent is self-restraint, that is, to be patient with what we have become accustomed to in terms of foreign goods if they are prevented from us, and

when we all enter our markets, they are full of foreign goods and the

local ones do not exceed 10% of the total, so the

blockade is this dirty method What America and those with it are adopting has become a reality, and all countries of the world must develop alternatives.

The Saudi-Iranian relations took a part from this Zionist-American concern, first and secondly, that the American economic weight relies on Saudi oil. If Saudi Arabia says no to the dollar, know that the American economy will collapse.

Do you remember the killing of black George Floyd at the hands of a white police officer?

The reason was that the owner of a supermarket suspected that a twenty-dollar coin was counterfeit.

It means that in America there are those who counterfeit twenty, ten, and even dollars, and this, if it indicates anything, indicates the weakness of the intelligence side. The high level of poverty line.

To the Iraqi government, you have to

strengthen your balance of grain through agriculture, the establishment of

silos, and the

sale of oil for grain and not for dollars, because

we have a balance of these grains that make us not affected if the world is exposed to a crisis.

Of course, this approach does not mean neglecting the rest.

Yes, let the Iraqi banks have all the work Dollar Euro Pound Pound Mark Ruble Gold

It's a sign of strength.

We used to hear and repeat the phrase (agriculture is permanent oil).

Yes, it is like that, and it is the source of strength for any country.

We have an example of the country that exports its agricultural and animal products to us.

Our markets are full of them. Are we unable to do the same?

Iran used the method of self-sufficiency and was able to stand up to the blockade, or was its impact on Iran not to the degree that America wanted?

Yes, the Iranian economy was affected by that, but it preserved its agricultural products that the Iranian citizen could obtain.

When the Qatari-Saudi relations were affected, Iran stood with Qatar and exported various foodstuffs to it, while it is also a besieged country.

From here, the Iraqi government must pay attention to the future.

The dollar is not a sign of strength, but rather a loaf of bread is a sign of power.

When the phenomenon of selling paper in the markets disappears, then the state is strong.

https://almaalomah.me/articles/24907/بدأوا-لا-يفكرون-بالدولارتفكير-ذهب

Al-Sorji: Selling Oil Through SOMO Will Achieve Transparency And Generate Large Revenues

Today 09:19 Information / Baghdad...A member of the Patriotic Union of Kurdistan, Ghiath Al-Sorji, confirmed that

selling oil through the SOMO company will bring large revenues to the country, pointing out that

the regional government sells oil at about $10 less than the market price, in addition to the lack of transparency in this file. Al-Sorji told Al-Maalouma,

"The policy of the Patriotic Union of Kurdistan, since the extraction and export of oil, stresses the need to export oil through the SOMO Oil Marketing Company, as well as the revenues through the federal government." He added,

"There is a lack of transparency in the export of oil and revenues for selling it across the region, as the Patriotic Union of Kurdistan welcomes the recent decision regarding oil exports, which will be handled by SOMO." And that

"exporting oil through the SOMO company, transparency will be present, and the selling price will differ from what was sold through the region, as

the Kurdistan government was selling oil at less than the market by about $10, and

therefore selling through SOMO will generate additional revenues." ended 25 n

https://almaalomah.me/news/economy/السورجي:-بيع-النفط-من-خلال-سومو-سيحقق-الشفافية-وسيعود-بإيراد

Parliamentary Finance: An Agreement To Diversify Iraq's Revenues And Reduce Dependence On Oil

Today: Information / special. A member of the Parliamentary Finance Committee, Representative Mudar Al-Karawi, confirmed, on Wednesday, that there is an agreement to support an ambitious plan to diversify Iraq’s annual revenues.

Al-Karawi said, in an interview with Al-Maalouma, that

"the survival of oil as a main source for Iraq's budget has become a very dangerous matter, with the repeated deterioration in the global energy market and the fluctuation of its prices from time to time, which constitutes great difficulties in paying financial dues." He added,

"The Finance Committee will begin a realistic study during the coming days of the file of diversifying Iraq's revenues, and

there is an agreement to support this step, especially since we have other important sources, whether crossings or others, that can constitute large numbers in the annual budget." He pointed out that

"reducing the share of oil in the budgets of the coming years is a necessity to create high flexibility in the face of fluctuations in the international crude oil selling price market."

Iraq relies to a large extent on the sale of crude oil to secure its annual revenues and pay salaries and other dues. 25 p.m. ended https://almaalomah.me/news/economy/المالية-النيابية:-اتفاق-على-تنويع-ايرادات-العراق-وخفض-الاعتم

The Governor Of The Central Bank Of Iraq’s Meeting With The US Treasury Department And The Federal Bank In Washington, DC

The Governor of the Central Bank of Iraq, Ali Al-Alaqq, met, on Friday, February 10th, 2023, with the US Treasury Department and the Federal Bank in Washington, DC. The two parties expressed their willingness to work jointly to meet the challenges of working with the

electronic platform for cash and money transfers, in addition to

supporting the Bank's economic reform efforts and the

US Treasury's readiness to provide the required support.

The attendees listened to a presentation by the Governor of the Central Bank of Iraq regarding the Bank's directions, options, and proposals to ensure market stability

within the requirements of the US Federal Reserve and international banks.

https://www.iraqiembassy.us/in-the-news/the-governor-of-the-central-bank-of-iraqs-meeting-with-the-us-treasury-department-and

To read more current and reliable Iraqi news please visit BondLady’s Corner:

https://www.bondladyscorner.com/

DINARRECAPS8 4/12/23 DINARRECAPS8 4/12/23

Iraqi News Highlights Wednesday Afternoon 4-12-23

Tlm724 Administrator Bondlady’s Corner

The US Treasury Is Ready To Assist The Central Bank Of Iraq In Stabilizing The Exchange Rate

Central Bank Governor Ali Mohsen Al-Alaq met today, Wednesday, with US Treasury Assistant Secretary Brian Nelson. The media office of the central bank governor said in a statement, "Al-Alaq met Assistant US Treasury Secretary Brian Nelson on the sidelines of the annual meetings of the International Monetary Fund and the World Bank."

Iraqi News Highlights Wednesday Afternoon 4-12-23

Tlm724 Administrator Bondlady’s Corner

The US Treasury Is Ready To Assist The Central Bank Of Iraq In Stabilizing The Exchange Rate

He explained, "The two parties discussed facilitating the procedures of the Central Bank of Iraq in the process of financial transfers, while the US Treasury showed great flexibility and willingness to assist the Central Bank of Iraq in its efforts to achieve stability in the exchange rate."

And the governor confirmed that he "agreed with the Assistant Secretary of the US Treasury to intensify communication between the technical teams of the two parties to implement the facilitation steps that were agreed upon during the meeting, within a short period."

https://www.radionawa.com/all-detail.aspx?jimare=34037

The Minister Of Foreign Affairs Stresses The Need To Strengthen Ties Between Iraq And The World Bank To Implement Vital Projects

Tuesday 11, April 2023 00:00 | EconomicalNumber of readings: 868 Baghdad / NINA / - Deputy Prime Minister and Minister of Foreign Affairs, Fouad Hussein, received the representative of the World Bank in Iraq, Richard Abdel Nour.

During the meeting, according to a statement by the Ministry of Foreign Affairs, projects funded by the World Bank in Iraq, their completion rates, and the obstacles that stand in the way of their implementation were discussed.

The minister stressed the need to strengthen ties between Iraq and the World Bank to implement vital projects to serve the public interest and work to overcome the difficulties facing the implementation of these projects.

The two sides discussed the projects implemented by the World Bank in Iraq, and their implementation will be in coordination with the Ministries of Planning and Finance.

The projects are focused on infrastructure, especially in areas that have been subjected to war operations against terrorism, as the World Bank has allocated $300 million for the community development project to implement projects in all governorates, which is reflected in Positively for the local communities, and an amount of 750 million dollars was allocated for the rehabilitation of bridges and vital projects, of which about 400 million dollars were spent, in addition to that the World Bank allocated an amount of 210 million dollars for the rehabilitation of the Baghdad Water Project./ End 3

https://ninanews.com/Website/News/Details?key=1046345

Sudanese Advisor: The Delay In Approving The Budget Will Obscure Part Of The Important Expenditures

Economy| 02:37 - 04/12/2023 Baghdad - Mawazine News The financial advisor to the Prime Minister, Mazhar Muhammad Salih, stressed, on Wednesday, the need to expedite the budget legislation, warning that the delay in its approval obscures part of the important expenditures in the Iraqi economy, and affects opportunities for progress and growth.

Salih said, "The federal general budget is an important issue in Iraq's economic life, as government expenditures, whether currently underway within the financial management law or to be added in the budget law, constitute about 50 percent of the Iraqi total, and its effects reach about 85 percent in activity." the economist".

Saleh added, "The delay in approving the budget means withholding part of the important expenditures in the Iraqi economy, especially good projects, appointments, programs, and commitments."

He pointed out that "the budget is a big thing, and any delay will affect opportunities for progress and growth," calling for "expediting budget legislation in the coming days."

And he continued, "The country today, in the fifth chapter without a budget, and this does not indicate correctness in the course of the economy," stressing that "accelerating the budget legislation is a strategic and important issue in the progress of Iraq." https://www.mawazin.net/Details.aspx?jimare=224410

The Iraqi Trade Bank decides to adopt the dinar "only" in its electronic financial transactions

Economy| 02:12 - 04/12/2023 Baghdad - Mawazine News The Iraqi Trade Bank decided, on Wednesday, to adopt the dinar currency only in all ATMs and electronic financial services.

The media advisor to the bank, Aqil Al-Shuwaili, said, “In support of the Iraqi national currency by adopting it in financial transactions inside Iraq and not using the dollar currency, and in implementation of the decision of the Council of Ministers and the directives of the Central Bank of Iraq, it was decided that the cash currency approved in all ATMs of the Iraqi Trade Bank be in the currency of dinars only.

Al-Shuwaili added, in an interview with the official news agency, that "it was decided to cancel the dollar currency from ATMs, and also to adopt the national currency in all electronic financial services." Ended

https://www.mawazin.net/Details.aspx?jimare=224408

The Sudanese Government Program Is A Transition From Stagnation To Movement

Dr.. Haitham Hamid Mutlaq Al-Mansour After the formation of the new government and its success in maintaining security and social peace and keeping Iraq away from chaos and internal strife, it is once again seeking to impose law, build the state and reform the economy by adopting an approach that targets movement as an alternative to stagnation.

The recent steps taken by His Excellency the Prime Minister, Mr. Mohamed Shia’a Al-Sudani, towards moving the economy out of the stagnation that has accumulated in the short and medium term, especially in the joints of the monetary and financial policy with a vital dimension,

the aim of which was to evaluate the course of management and performance through an economic vision that targets stability and growth, what are There is no clear evidence of the approach through which the government is addressing imbalances and correcting errors.

Therefore, the government has exercised in the aforementioned sectors, since the end of January of this year, its role in supporting stability and curbing inflation in accordance with the financial and monetary measures of the Central Bank to increase the flexibility of supplying the dollar window, whether in banking, by using control tools and internal and external cooperation to combat money laundering activities through The electronic platform and other banking reforms, as well as supportive tax reforms taken by the Ministry of Finance to facilitate import operations and strengthen control at border crossings.

This explains the flexibility that facilitated the movement of external transfers to finance imports and other economic activities and mitigated the sharp rise in the dollar exchange rate.

For one dollar after it crossed the threshold of 1600 dinars much at the time of the crisis, and it is expected that the effectiveness of these procedures and control processes will continue to correct the mistakes of monetary policy that the previous government made, and then reach the exchange rate of the dinar at the target, which is 1350 dinars per dollar, which in turn can achieve Price stability increases the real value of the dinar and keeps economic activity away from the negative effects of high levels of inflation, in the short and medium term.

The government's restoration of its ability to implement the law in many sectors, in addition to the financial and monetary sector, represents a strategic act within the framework of a stable financial climate that promotes investment that leads to stability and stimulates growth,

which are targeted by the government program. Rentier, that phenomenon that works to divert the direction of the output of economic activity out of the economy, which perpetuates the distortion of the growth of national capital in favor of the increasing government fiscal deficit, high pressures on public spending, inflation levels, and the erosion of purchasing power.

Growth and investment, as the import movement is witnessing a significant increase with neighboring countries and others to secure the requirements of life with various goods and services to compensate for the sharp decline in the non-rentier gross domestic product, especially for the private sector at the industrial, agricultural and service levels, whichIt weakens capital accumulation, including the limited funds allocated for investment and its economic ineffectiveness.

Therefore, we believe that the condition of adequacy of the economic program of the current government must proceed from the treatment of the economy's rents and proceed with reforming the imbalance in its general structure, through the development of the real and commodity sector through short-, medium- and long-term industrial, agricultural and commercial policies that seek to reduce imports in favor of subsidizing And stimulating the growth of the productive sector in the various sectors of important projects of public interest, which could be based on development partnership contracts in foreign investment towards many leading countries in this field, such as China, Germany, France, and others. https://economy-news.net/content.php?id=33533

Dollar Prices Are Rising Again In Baghdad

Market Economy News _ Baghdad Today, Wednesday, the exchange rates of the US dollar against the Iraqi dinar rose on the main stock exchange in the capital, Baghdad.

The two central Al-Kifah stock exchanges in Baghdad recorded 145,400 Iraqi dinars for 100 US dollars.

While the prices were yesterday morning, Tuesday, 144,250 dinars, compared to 100 dollars.

The buying and selling prices rose in exchange shops in the local markets in Baghdad, where the selling price reached 146,500 Iraqi dinars per 100 US dollars, while the purchase prices amounted to 144,500 Iraqi dinars per 100 US dollars. https://economy-news.net/content.php?id=33514

The Central Bank Calls On The Monetary Fund To Support Its Measures To Stabilize The Exchange Rate

Economy| 09:22 - 04/12/2023 Baghdad - Mawazine News The Central Bank of Iraq announced, on Wednesday, that the Iraqi delegation held a meeting with the International Monetary Fund and the World Bank in Washington.

A statement by the Central Bank stated, "The meetings of the Iraqi delegation with the International Monetary Fund and the World Bank in Washington DC began with the presence of the Governor of Iraq in the Fund, Governor of the Central Bank of Iraq Ali Mohsen Al-Alaq, Minister of Finance Taif Sami, and the technical delegation accompanying them."

He added, "Iraq's approach to holding a (non-financial) program was discussed, which includes the Fund providing technical and advisory support for the economic reform adopted by the Iraqi government in achieving financial and monetary stability."

He pointed out, "It was agreed to prepare a draft agreement on the program and start implementing it in the coming days."

Al-Alaq called on the Fund to "provide support to the Central Bank of Iraq in its procedures to achieve stability in the exchange rate in accordance with international practices, and the Iraq agreement with the International Monetary Fund, which was ratified by the Iraqi Parliament in 2008." Ended 29/N33

https://www.mawazin.net/Details.aspx?jimare=224377

To read more current and reliable Iraqi news please visit BondLady’s Corner:

https://www.bondladyscorner.com/

Dinar Recaps 20 4/12/23 Dinar Recaps 20 4/12/23

Goldilocks "Shanghai and Ethereum Updates" Wednsdeay Evening 4-12-2023

Goldilocks and Seeds of Wisdom

Thank you RJ

RJ: Good evening Dinar Recaps,

Goldilocks posted A commentary and link as well as a live blog and more comments:

The Shanghai Exchange upgrade is expected to go through, but complications are also expected.

The concern is over nodes. A node is a computer linked to a cryptocurrency network and may perform certain tasks such as producing, receiving and moving data from one market sector to another.

As with any transition in the crypto space, technicians will run test scenarios over and over to minimize many of these complications.

Goldilocks and Seeds of Wisdom

Thank you RJ

RJ: Good evening Dinar Recaps,

Goldilocks posted A commentary and link as well as a live blog and more comments:

The Shanghai Exchange upgrade is expected to go through, but complications are also expected.

The concern is over nodes. A node is a computer linked to a cryptocurrency network and may perform certain tasks such as producing, receiving and moving data from one market sector to another.

As with any transition in the crypto space, technicians will run test scenarios over and over to minimize many of these complications.

The upgrade of this Shanghai Exchange on the Ethereum network is expected to create volatility.

\As the system calculates new algorithms, it may take a week or two in finding new norms.

Ethereum smart contracts will be utilized in determining secured funds on both sides of a trade connecting the East and West markets inside a level playing field through artificial intelligence.

Who would have ever thought 10 years ago that the cryptocurrencies we traded at the time would play such a vital role inside the new digital-asset traded financial system.

© Goldilocks

https://www.quicknode.com/guides/infrastructure/node-setup/ethereum-full-node-vs-archive-node/#:~:text=A%20node%20is%20a%20computer,database%20known%20as%20a%20ledger.

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LIVE BLOG: Ethereum's Shanghai Upgrade

CoinDesk reporters and editors chronicle the first-ever activation of withdrawals from the Ethereum staking mechanism, set for Wednesday at 6:27 p.m. ET (22:27 UTC). We've got the play-by-play on Shanghai – also known as "Shapella" – from what we're seeing on the blockchain and at the watch parties.

Check Goldilocks Telegram Room for the link.

https://t.me/+YU9UrHLxFbszOTJh

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Did you know?

If you were to launch two ships in an ocean far away from one another without starting a motor or pulling sails out, they would eventually find one another.

This is what our markets in the East and West are about to do.

Our QFS is an open-source quantum computer. They will begin to talk to one another going forward.

These connections will normalize trade values.

Goldilocks' Telegram Room

https://t.me/+YU9UrHLxFbszOTJh

Goldilocks on the Seeds of Wisdom Team Website

https://www.seedsofwisdomteam.com/

Thank you Dinar Recaps

Dinar Recaps 20 4/12/23 Dinar Recaps 20 4/12/23

Goldilocks "Iraq is Moving Along Fast Now" Wednsday 4-12-2023

Goldilocks and Seeds of Wisdom

Thank you RJ

RJ: Good morning Dinar Recaps,

Goldilocks posted comments and links this morning:

"His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Allaq, met today, Wednesday, with the US Assistant Secretary of the Treasury, Mr. "Brian Nelson", on the sidelines of the annual meetings of the International Monetary Fund and the World Bank."

The purpose of this meeting was to discuss procedures in facilitating financial transfers electronically and achieving stability in their exchange rate.

And, they discussed the need to communicate more with their technical teams as they implement and facilitate their banking economic reform protocols going forward.

Goldilocks and Seeds of Wisdom

Thank you RJ

RJ: Good morning Dinar Recaps,

Goldilocks posted comments and links this morning:

The purpose of this meeting was to discuss procedures in facilitating financial transfers electronically and achieving stability in their exchange rate.

And, they discussed the need to communicate more with their technical teams as they implement and facilitate their banking economic reform protocols going forward.

https://cbi.iq/news/view/2304

https://search4dinar.wordpress.com/2023/04/12/iraq-announces-agreement-with-imf-and-world-bank-to-support-economic-reform/

Iraq is moving along real fast now.

The Erbil-Baghdad Oil Accord is completed and only Iraqi Dinar will be utilized in their ATM machines going forward.

It looks like Iraq's dependence on the dollar is finally coming to an end. This new demand on their own currency will begin to allow it to rise naturally.

© Goldilocks

https://search4dinar.wordpress.com/2023/04/12/trade-bank-of-iraq-decides-to-adopt-the-dinar-only-in-its-electronic-financial-transactions/

https://search4dinar.wordpress.com/2023/04/12/u-s-hails-erbil-baghdad-oil-accord-calls-for-resumption-of-oil-exports-as-quickly-as-possible/

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Do you remember the merge that happened last year in Ethereum?

Today, the process that began last year is completing itself today, and into, tomorrow.

This was the upgrade I told you gals and guys a couple of months ago I was looking forward to seeing come to a completion.

I have been talking about it for some, and I am watching it closely today. A report will be forthcoming as the day moves along.

If you have been following my articles, you know why this upgrade is so important to the currencies we hold.

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A brief comment was posted that Goldilocks did not sign. I am sharing it:

The dollar is slipping before our CPI inflation reading today as Gold is expected to go up.

Goldilocks' Telegram Room

https://t.me/+YU9UrHLxFbszOTJh

Goldilocks on the Seeds of Wisdom Team Website

https://www.seedsofwisdomteam.com/

Thank you Dinar Recaps