Awake-In-3D "Florida, Indiana Ban CBDC's: Gold As Money-A States Right

Awake-In-3D: 

Florida, Indiana Ban CBDCs: Gold As Money A State’s Right

On May 17, 2023  By Awake-In-3D

Our GCR may eventually be realized by States exercising their Article 1 U.S. Constitutional powers through gold standard legislation

Florida and Indiana have taken decisive action by enacting laws that ban the use of central bank digital currencies (CBDCs) as money within their states. The intention behind these laws is to address concerns about potential threats to economic freedom and security. While these laws do not directly target free-market cryptocurrencies, they do establish a regulatory framework that could impact the future of digital currencies in these states.

Florida

In Florida, Governor Ron DeSantis spearheaded the legislation, resulting in the introduction of Senate Bill 7054 (S7054) by Rep. Wyman Duggan. Governor DeSantis emphasized the importance of safeguarding consumers and businesses from what he perceived as the reckless adoption of a centralized digital dollar.

The legislation defines CBDCs as digital mediums of exchange or digital monetary units of account issued by entities such as the United States Federal Reserve System, foreign governments, and central banks. According to the Florida Uniform Commercial Code (UCC), “money” encompasses authorized mediums of exchange. However, S7054 explicitly states that CBDCs do not fall under this definition, effectively prohibiting their use as money. The bill received overwhelming support from the House and Senate and is scheduled to take effect on July 1.

Indiana

In Indiana, a similar ban on CBDCs was introduced through Senate Bill 468 (SB468), which underwent significant revisions before being enacted. The initial version of SB468 would have allowed for the use of CBDCs in Indiana by including them in the definition of money. However, grassroots opposition prompted changes to the language during the legislative process.

 The final version of SB468 excludes CBDCs from the definition of money, taking a neutral stance on free-market cryptocurrencies like Bitcoin. The legislation garnered broad support in both the House and Senate and is set to become effective on July 1, 2023, pending Governor Eric Holcomb’s signature.

While these laws specifically target CBDCs, they do not explicitly mention free-market cryptocurrencies. As a result, the use and classification of private cryptocurrencies remain unaffected by the legislation. This approach allows the current state of affairs regarding free-market crypto transactions to continue within these states.

What it Means – States May be Moving towards a Gold Dollar Standard and Our GCR

The enactment of these laws raises significant questions about the future of digital currencies in Florida and Indiana. Critics argue that the bans may stifle innovation, impede economic growth, and curtail personal freedom.

On the other hand, proponents contend that these measures protect individuals from potential government surveillance and centralized control over monetary systems and banning a Federal CBDC is a step in the right direction.

With more states introducing and passing legislation to protect gold and silver as sound money, in line with Article I, Section 10 of the U.S. Constitution, which mandates their use as legal tender, a logical progression would be to implement a state-by-state path toward a gold standard dollar, both in physical and digital form. This would pave the way for a broader Gold Confiscation Resistant (GCR) release.

Many Blessings, | Ai3D

Source article: https://schiffgold.com/key-gold-news/florida-and-indiana-pass-laws-banning-the-use-of-a-cbdc-as-money-in-the-state/

https://ai3d.blog/florida-and-indiana-pass-laws-banning-cbdcs-as-money/

Iraqi News Highlights Tuesday Afternoon 5-23-23

Iraqi News Highlights Tuesday Afternoon 5-23-23

Tlm724 Administrator Bondlady’s Corner

Iraq Invites International Companies To Invest In The Oil And Energy Sector

Economy|  05/23/2023   Baghdad - Mawazine News, Oil Minister Hayan Abdul-Ghani called today, Tuesday, for international companies to invest in the oil and energy sector, while indicating work to maximize national production of gas.

The ministry said in a statement, which Mawazine News received a copy of, that "Abdul-Ghani called on international companies specialized in the oil, energy and infrastructure sectors to invest and actively participate in developing the oil industry in Iraq, stressing the keenness of the government and the ministry to provide the appropriate investment environment to achieve the participating goals." .

Abdul-Ghani said, during his participation in the work of the Qatar Economic Forum, according to the statement, that "Iraq seeks to develop a program for the oil industry in addition to sustaining and increasing production, especially in the gas sector, through investment projects for gas associated with oil operations, and the development of hydrocarbon compositions, in addition to the advancement of infrastructure and the development of export outlets.

He pointed out, "The importance of inviting discreet international companies to participate in the supplement to the fifth round, which includes (14) fields and sites in many regions of Iraq, as well as preparing for a sixth round that includes a group of sites and structures with gaseous compositions, especially in the western and northern regions."

The minister met with the Emir of Qatar, Tamim bin Hamad Al Thani, and the Qatari Minister of State for Energy Affairs, Saad bin Sherida Al Kaabi, and discussed the development of prospects for bilateral cooperation between the two countries in all fields in the energy sector.

Abdul-Ghani stressed, "the importance of expanding horizons of work and cooperation to achieve common goals and interests, while the Qatari minister expressed his country's desire to actively participate in a number of investment opportunities in Iraq."

The statement indicated, "The Minister of Oil also met with Prince Abdulaziz bin Salman, the Saudi Minister of Energy, and they discussed bilateral relations and developments in the oil market, and they affirmed their keenness to work jointly to achieve stability and balance in the global oil market."

The work of the third edition of the Qatar Economic Forum was launched today, Tuesday, in the capital, Doha, in the presence of more than 32 official delegations from countries of the world and two thousand participants from inside and outside Qatar, and its work will continue until May 25, 2023. Ended 29 / H    https://www.mawazin.net/Details.aspx?jimare=227514

High Oil Prices

Economy| 08:26 - 05/23/2023   Follow-up - Mawazine News   Oil prices rose today, Tuesday, for the second day, as investors expect a decrease in supplies in the market amid a seasonal increase in demand for gasoline in the United States and a decline in production from the “OPEC +” coalition countries.

Brent crude futures rose 27 cents, or 0.36%, to $76.26 a barrel, while US West Texas Intermediate crude rose 44 cents, or 0.62%, to $71.99 a barrel.

Brent crude rose 0.5% on Monday, and WTI crude rose 0.6%, following a 2.8% rise in US gasoline futures ahead of the Memorial Day holiday on May 29, which usually marks the start of the peak summer fuel demand season.

The US Energy Department said last week it would buy 3 million barrels of crude oil to refill the Strategic Petroleum Reserve for delivery in August.

It is also expected that the voluntary production cuts announced by the Organization of the Petroleum Exporting Countries (OPEC) and its allies, including Russia, in the alliance known as "OPEC +", will lead to a decrease in supplies in the oil markets, and the cuts entered into force this month.

https://www.mawazin.net/Details.aspx?jimare=227475

The High Exchange Rates Of The Dollar In Baghdad With The Closing Of The Stock Market

Economy   Tuesday, May 23, 2023 4:16 PM   Baghdad / The National News Center   The exchange rates of the US dollar against the Iraqi dinar rose today, Tuesday, on the main stock exchange in the capital, Baghdad.

The correspondent of the National News Center said, “The central Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded an exchange rate of 145,800 dinars, compared to 100 dollars, while the prices this morning were 145,200 dinars.”

He added, "The buying and selling prices rose in exchange shops in the local markets in Baghdad, where the selling price reached 146,500 dinars, while the purchase price reached 145,500 dinars per 100 dollars."    https://nnciraq.com/207114/

The Disappearance Of 120 Billion Dinars From A Company Of The Ministry Of Industry And Minerals

The Investigation Department of the Integrity Commission revealed the disappearance of (120) billion dinars from the revenues of a company of the Ministry of Industry and Minerals in Babil Governorate.

The department said in a statement: “The official of the Investigation and Control Division in the Commission’s investigation office in Babil Governorate moved to the General Company for the Automotive and Equipment Industry in Alexandria and monitored the disappearance of an amount of (120,182,085,855) billion dinars from its revenues for the period from (1/9/2017 – 1/9/2022). ),

indicating that “total total revenues amounted to (305,302,307,855) billion dinars, while all expenses and expenditures, according to speculative statements, amounted to (185,120,222,000) billion dinars.”

She added, "Most of the documents and documents were hidden by the responsible employees," pointing out, "The company's information center calculator, which contains numbers and statistics for the final accounts for all the mentioned years, was checked, and a copy of the statistics was seized and downloaded to two storage devices (flash memory). in order to protect it from tampering.

In a separate operation at the Real Estate Registration Directorate in Babylon, the department indicated that "a forged letter allegedly issued by the Agricultural Bank in Al-Hashimiyya was seized, according to which the seizure of a property provided as collateral for an agricultural loan worth (150,000,000) dinars was received by one of the borrowers, on the pretext of paying the loan amount." completely."

And it indicated, "It also seized exam books for three students; the exam grades were manipulated and changed at the Hammurabi College of Medicine of the University of Babylon."

https://www.radionawa.com/all-detail.aspx?jimare=34441

Planning: The social protection system reform file is one of the important files that the Prime Minister directed to complete

Tuesday 23, May 2023 13:04 | Economical Number of readings: 334   Baghdad / NINA / - The Ministry of Planning confirmed that the social protection system reform file is one of the important files that were directed to be completed by the Prime Minister.

A statement by the Ministry of Planning stated that the steering committee of the joint social protection program between the Iraqi government, the European Union and the United Nations held its fourth meeting, today, Tuesday, to discuss the social protection and digitization strategy at the headquarters of the Ministry of Planning, headed by the Undersecretary for Technical Affairs, Maher Hammad Johan.

And Johan said in a speech to him, according to the statement: "The file of reforming the social protection system is one of the important files that were directed to be completed by the Prime Minister, stressing the importance of expediting the completion of this file by working to formulate mechanisms and take appropriate measures regarding this file."

 In addition to finding an appropriate working mechanism for coordination between the implementing agencies and the beneficiary government agencies, with a review of the challenges and problems that we may face during implementation through the preparation of the plan to ensure the achievement of the goal that includes building an integrated effective social protection program that is interconnected with social security, in addition to its interdependence with activities The private sector, childhood and vulnerable groups in order to provide the best protection and care for these groups.

For her part, the Undersecretary of the Ministry of Labor and Social Affairs in the Kurdistan region, Zakia Saeed Salih, said in a speech to her via the electronic platform Zoom:

"There is great interest in the social protection program, as it is a tool for Iraq's access to achieving more equality and addressing places of weakness and fragility, as well as with regard to security." Food, social protection and distribution of care services to those who deserve it.

She added: "The legislation of the Labor and Social Security Law is a very important step for the Iraqi government. It contributes to introducing the program into the legislative framework and working to improve the ration card system and social care. The meeting witnessed a discussion of the social protection and digitization strategy, and a review of the progress made against the joint action plan.

" And discuss challenges in implementation and ways to move forward to implement the program.

The Undersecretary of the Ministry of Labor and Social Affairs, Huda Sajjad, and a number of general managers in the Ministry of Planning, Labor and Trade, and representatives of the European Union, UNICEF and international labor organizations, as well as the World Food Program, participated in the meeting./ End    https://ninanews.com/Website/News/Details?key=1055191

Member Of Parliamentary Finance: We Were Expecting To Settle The Budget In The Middle Of This Week, But..

Money  and business   Economy News – Baghdad   A member of the Parliamentary Finance Committee, Jamal Cougar, said, on Tuesday, that the committee is still on the same disputed points in the budget.

In an interview with the official newspaper, Cougar said, "The region's share has not yet been decided, nor have the transfers been completed, nor have the additional materials been included until this moment."

He added, "We expected that the budget would be settled in the middle of this week, but the committee is still working on settling these points."

And he continued, that the paragraph "reducing the number of the region's employees is still being discussed, and we hope to return it to what it was."

Views 540  05/23/2023 - https://economy-news.net/content.php?id=34363

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

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"Tidbits From TNT" Tuesday 5-23-2023

TNT:

CandyKisses:  Baghdad hosts conference of transport ministers of Gulf countries and neighboring Iraq to establish the "dry canal"

A spokesman for the Iraqi government said on Tuesday that the capital Baghdad will host next Saturday a conference of transport ministers in the Gulf countries and neighboring Iraq to discuss the project to establish a "dry canal."

Bassem Al-Awadi, spokesman for the Iraqi government, said in a statement received by Shafaq News, "Based on the Iraqi government's vision of the importance of economic integration among the countries of the region, and in line with the government program that is based on economic reform and advancing strategic projects, the capital, Baghdad, will host, on Saturday, May 27, 2023, a conference of transport ministers of Iraq's neighboring countries and the countries of the Cooperation Council for the Arab States of the Gulf

With the aim of discussing the promising project represented by the strategic development road (dry channel), which constitutes the vital path. It is important for all countries of the region and the world."

He added that "this conference comes within the government's path in strengthening cooperation and economic cohesion with brothers and friends, which represents a foundation for peace, stability and prosperity of our peoples, and consolidates Baghdad's position as a tent of security and partnership, and a springboard for sustainable development."

Tishwash:  Parliamentary Finance holds a crucial meeting to complete the vote on the budget

The Parliamentary Finance Committee held a meeting, on Tuesday, in preparation for settling the general budget law.

A representative source said in a statement to Al-Maalouma, "The committee continues discussions to pass the budget, and it held a crucial meeting to discuss bridging the deficit within the budget." He added, "The most prominent dispute over the budget centers on determining the proportion of the Kurdistan region and granting oil-producing provinces their financial entitlements within the budget."

 A member of the Parliamentary Legal Committee, Aref Al-Hamami, confirmed that great progress had been made during the negotiations to pass and amend the budget, suggesting that the approval of the budget be delayed until the end of this month to complete the negotiations.In an interview with Al-Information Agency, Al-Hamami said, "The Parliamentary
 Finance Committee has reached its final stages regarding the amendment negotiations. Budget.”  link

 buuuuut...

Member of Parliamentary Finance: We were expecting to settle the budget in the middle of this week, but..    link

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CandyKisses:   Al-Jubouri: Al-Halbousi was ousted after the budget was approved, and we support Al-Obaidi for the presidency of parliament

Baghdad Today - Baghdad

The leader of the "Knights of Sovereignty" alliance, Meshaan al-Jubouri, revealed an effort to change the speaker of the House of Representatives, Mohammed al-Halbousi, following the approval of the financial budget.

Al-Jubouri said in a televised statement: "Suqour Al-Watan is with Khamis Al-Khanjar in a strategic political alliance," noting that "Al-Khanjar told Al-Halbousi: (You are characterized by treachery and lack of respect for contracts, and that the Sovereignty Alliance is registered in my name and in the name of Mishaan Al-Jubouri in the Election Commission."

He added, "Soon, the deputies will sign to relieve Al-Halbousi from his post, and the decision of the Sovereignty Alliance is to support Prime Minister Muhammad Shia'a Al-Sudani."

Al-Jubouri pointed out that "our decision in the Sovereignty Coalition is not to disturb the political atmosphere in order to pass the budget," adding, "Dissidents from the Taqaddam party joined us in our political alliance, and the dagger forced al-Halbousi to cut short his leave and return to Parliament," he said.

He said: "Khamis al-Khanjar does not betray his partners even if he disagrees with them," accusing "al-Halbousi of seeking in several ways to get rid of me and remove me from Parliament, and he excluded me because he felt my danger in the Finance Committee."

Mishaan al-Jubouri said: "Al-Halbousi is a threat to Iraq, and it will lead the country to something worse than ISIS," he said.

And he stressed that "any sane Shiite senses the danger of al-Halbousi in parliament, and he poses a threat to the entire political process," noting that "after approving the budget, al-Halbousi will be dismissed in the event that half plus one is available."

Al-Jubouri continued his criticism of Al-Halbousi, saying that he "acts as if he is a director of a company and interferes even in the management of departments, and his overthrow requires the joining of the deputies of determination with us."

He explained, "The number of deputies of the Knights of Sovereignty has reached 18 deputies so far, and the deputies closest to al-Halbousi will sign with us to overthrow him, because he has become a threat to Sunni deputies and ministers," he said.

Al-Jubouri went on to say: "We in the Knights of Sovereignty agree to give the presidency of Parliament to the Azm Bloc, and we do not mind Khaled al-Obaidi assuming the presidency of Parliament instead of al-Halbousi," stressing that "the Sudanese government will not be stable in light of al-Halbousi remaining as Speaker of Parliament, and the goal of the Sovereign Knights coalition is to overthrow al-Halbousi." .

He expected "the approval of the budget early next week," accusing "Parliament Speaker Muhammad al-Halbousi of trying to disrupt the budget, but he failed. He also wanted to summon the interior minister to parliament and failed."

Al-Jubouri described Al-Sudani's performance as "good, which obliges us to support and respect him, as he is the most patriotic person in Iraq's history."

CandyKisses:  GOT TO GET TO THOSE COOKIES!!

Mot:  siiiggghhhhhh - Yet another ""Truism of Life"" – siigghhhhh

Goldilocks "Debt Ceiling, Iraq, AI and more" Tuesday 5-23-2023

Goldilocks and Seeds of Wisdom

Thank you RJ

 RJ: Good morning Dinar Recaps,

Goldilocks posted some comments with links this morning:

The debt ceiling is at the top of the agenda this morning. 

We still do not have a deal at this point, and there are talks of extending these talks for a couple more weeks. 

The concern is that the markets will begin to start reacting if an extension is made in making a deal. 

Right now, we're seeing the possibility of getting a possible rate hike at this point. Yields on one month UST Bills hits record high following Biden-McCarthy's debt ceiling stalls. 

Asian stocks fall after US debt talks failed to break an impasse. European markets lower with the US debt ceiling deal still pending. 

The dollar is rising after FED remarks signal further rate heights. Gold dips as US debt ceiling deal hopes support the dollar. Oil slips as the US debt ceiling concerns offset tight supply. 

And finally, there is talk about the GDP indicating a slower growth rate for the economy.

© Goldilocks

NBC News LINK

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"CFTC Chair Urges Crypto Exchanges To Protect Customers’ Investments"

He is aware that tight regulations are needed around the world to engage in a more secure QFS. 

And, clarity on whether certain digital assets are a security or a commodity continue to be defined. 

These new banking regulations will serve to guide our global economy going forward. 

As we approach next month's deadlines on the new digital-asset based trading system, our new digital/currency reforms will clearly reset our currency exchange rates and protocols. 

© Goldilocks

https://tokenhell.com/cftc-chair-urges-crypto-exchanges-to-protect-customers-investments/

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Iraq's Cabinet has approved a substantial capital increase in the Fund for Supporting Small Income-Generating Projects.

The fund's capital will be increased from the previous amount of 150 billion dinars to 1,350 billion dinars ($1 billion).

According to a government statement, this expansion is part of the Ministry of Labor and Social Affairs' three-year plan within the government program, and is in accordance with the provisions outlined in Law No. (10) of 2012, which specifically focuses on the support and development of small, income-generating projects.

(Source: Media Office of the Prime Minister)

https://www.iraq-businessnews.com/2023/05/22/iraq-increases-funding-for-small-projects/

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"Governments Race to Regulate AI Tools" 

Governing Artificial Intelligence is making waves at this time with governments around the world.

AI licensing and auditing protocols are not only needed but expected going forward.

This will require governments around the world to follow a specific set of standards in moving money across the globe.

This not only levels the playing field for everyone, but it will counteract money laundering as well.

© Goldilocks

https://www.brookings.edu/blog/up-front/2023/05/22/the-us-government-should-regulate-ai/

"Governments Race to Regulate AI Tools" https://www.insurancejournal.com/news/international/2023/05/22/721771.htm

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Goldilocks' Telegram Room

https://t.me/+YU9UrHLxFbszOTJh

Goldilocks on the Seeds of Wisdom Team Website

https://www.seedsofwisdomteam.com/

Thank you Dinar Recaps.

MarkZ and Andy Schectman Tuesday Morning Chat 5-23-2023

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ  Tuesday Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Member: Good morning everyone…exciting times ahead of us

MZ: Things are quiet but remain very solid. I have a bond contact that has a appointment that was rearranged to this morning…..and another who has gone very quiet. There are a lot of expected movement and appointments in the bond world today. There is a lot of chatter and expectations.

Member: You seem very positive Mark - I am too! We are nearly there right??

MZ: I hear they have squarely targeted the month of May. I hope that is right.

Member: if Iraq has the power to go alone then why don't they? if they want really want to show the world they mean business then why don't they show us? if the cbi has the power then why don't they show us?

Member: Militia Man and crew had Angel1 on, and he was fantastic! Great Intel on what is really going on in Iraq.

Member: I watched MM , made things clear as to what is going on!

MZ: MilitiaMan and Angel 1 did a fantastic video. Following up on all the progress they have made. It was very reassuring as they ticked off many of the big events that are important for this to occur.  Be sure to go and listen at MilitiaMan and Crew….and like and subscribe.

Member:   was told last night T1 has been paid, Mike Penny.

MZ: Here is a big piece for all you Vietnamese Dong holders. “ Dollar declines against dong”  The Vietnamese dong continues to increase in value and add strength. We expected this and will lead to de-dollarization in Vietnam.

MZ: “Traders brace for rising volatility as US debt ceiling deal struggles-Reuters”  The market does not know which way to go right now.Its a sideway market that does not know which way to run and also we expect to see this just before a crash. We are watching it unfold in front of us. Most experts believe we have a 99% chance to see a hard landing…..not a soft landing.  

Member: When they revalue our money on the new Gold Standard- will it increase in value or go 1 to 1?

MZ: It is expected to exchange 1 to 1 but prices get cheaper so theoretically they expect it to be lots stronger….but still exchange 1 to 1 with the old.

Member: It sure would be nice if this "movie" could draw to a close now. too much suffering in the world. im not impressed either. We need to repair the damage, if only the white hats would pay out T4B...!

Member: I’m excited about the new world we are stepping into … we are the pioneers of the new world & that’s super exciting

Andy Schectman from Miles Franklin joins the stream today. Please listen to the replay for his opinions and information.

THE INFO IN THIS PODCAST IS FOR GENERAL INFORMATION & EDUCATIONAL PURPOSES ONLY NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

MARK HAS BEEN INVOLVED IN THIS FOR MANY YEARS FROM THE HISTORY AND MADE MANY CONTACTS WORLDWIDE. HE RESPECTS EACH OF THEM AND PROTECTS THEIR PRIVACY. HE VERIFIES INFORMATION BEFORE HE SHARES YET THINGS CHANGE AND IT IS NOT IN HIS CONTROL.

THE INFORMATION PROVIDED IN THE STREAM IS IN MARKZ OPINION - INFORMATION PROVIDED IS BY VETTED CONTACTS - INFORMATION CAN AND MAY CHANGE AT ANY TIME WITH OR WITHOUT NOTICE

MZ: Zim payouts I hear may be traunched…..a structured payout over time…….What is a traunch?   https://www.investopedia.com/terms/t/traunch.asp

MZ:  JFK Secret Societies Speech in case we forgot   https://www.youtube.com/watch?v=ItOPg2l7-t0

JFK to 911 Everything Is A Rich Man's Trick https://www.youtube.com/watch?v=8ObvK4NR_LI&has_verified=1&bpctr=1579044401

Your straw man (Strawman) is an artificial person http://freedom-school.com/aware/your-straw-man-is-an-artificial-person.html

MZ: Video on PP’s and Farm claims: https://www.youtube.com/watch?v=sAL0exvL45Y

Mod:  Dr Shabibi answering questions https://www.youtube.com/watch?v=ol8wve53-ME

MZ: Watch the Video “The end of the road” by Monkey films on Amazon Prime….End of the Road: https://tubitv.com/movies/451883/end_of_the_road

You can share links like these one's to those who don't believe: theoriginalmarkz: https://www.slideshare.net/ahmeddinargate/the-history-of-iraqi-dinar-exchange-rate

MZ: Farm Claims are what started the whole Nesara movement. So if you want a bit of History …please watch this one.   https://www.youtube.com/watch?v=sAL0exvL45Y

Mark Coffee and Chat …. Monday through Friday 10:00 AM EST EDT ….Chats live or recorded https://www.twitch.tv/theoriginalmarkz ONLY SPECIAL NEWS tweeted out https://twitter.com/originalmarkz

MARKZ and SALTY TOES have worked hard to build a COMMUNITY that people can trust.  You can connect with MarkZ at The Seeds of Wisdom Team Community and website.  Just visit the Seeds of Wisdom Team Website, join the Seeds of Wisdom Telegram Community, and Subscribe to receive email updates. https://seedsofwisdomteam.com/

Follow Mark on odysee ( formerly known as library) at https://odysee.com/@theoriginalmarkz:e

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:     https://www.youtube.com/watch?v=3AlSpieSgsY

MilitiaMan and Angel 1-On the Past 7 Days-Update 5-23-2023

Militia Man with Angel1- On the Past 7 days - Update

MilitiaMan and Crew:  5-23-2023

A recap of the last 7 days.

Angel1: I am expecting to see the budget this week. And the new rate shortly thereafter!

Please listen to the full interview for MilitiaMan and Angel1 views on Iraq, depegging from the USD, HCL, and much more………

..https://www.youtube.com/watch?v=GBwhbKD_4wQ

Tuesday Morning Iraq Economic News Highlights 5-23-23

Tuesday Morning Iraq Economic News Highlights 5-23-23

Parliamentary Finance Holds A Crucial Meeting To Complete The Vote On The Budget

Information/Baghdad..  The Parliamentary Finance Committee held a meeting, on Tuesday, in preparation for settling the general budget law.  A representative source said in a statement to Al-Maalouma, "The committee continues discussions to pass the budget, and it held a crucial meeting to discuss bridging the deficit within the budget."  He added, "The most prominent dispute over the budget centers on determining the proportion of the Kurdistan region and granting oil-producing provinces their financial entitlements within the budget."

 A member of the Parliamentary Legal Committee, Aref Al-Hamami, confirmed that great progress had been made during the negotiations to pass and amend the budget, suggesting that the approval of the budget be delayed until the end of this month to complete the negotiations.

In an interview with Al-Information Agency, Al-Hamami said, “The Parliamentary  Finance Committee has reached its final stages regarding the amendment negotiations. Budget.”    LINK

Al-Maliki's Coalition: The Central And Southern Representatives Vote On The Budget Conditionally

Information/Baghdad..  The deputy of the State of Law coalition, Muhammad al-Ziyadi, confirmed, on Tuesday, that the representatives of the central and southern provinces expressed their objection to the failure to achieve justice by distributing financial shares to their provinces, similar to the Kurdistan region , while he indicated that in the event that the central and southern governorates are not fair, they will not vote on the budget.

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

Al-Ziyadi said in an interview with Al-Maalouma, that "the imbalance is clear in the distribution of financial shares for the central and southern governorates if they are compared to the governorates of the Kurdistan region," pointing out that "the necessity of redistribution according to the population percentage and the poverty rate, in addition to the oil-producing governorates obtaining 5%.” of petrodollars.

He added that "the representatives of the central and southern provinces expressed their objection to the failure to achieve justice by distributing financial shares to their provinces, similar to the provinces of the Kurdistan region."

Al-Ziyadi indicated that "in the event that the central and southern governorates are not fair, they will not vote on the budget."

The Parliamentary Finance Committee has been in intensive meetings for weeks to resolve the items of the 2023 budget, which includes very complex items, with a fiscal deficit of more than 30%.

The deficit rate amounted to 63.275 trillion dinars, with the adoption of a price of 70 dollars per barrel of oil, given that more than 95 percent of budget revenues depend on oil sales.   LINK

Al-Maliki's Coalition: The Central And Southern Representatives Vote On The Budget Conditionally

Information/Baghdad..  The deputy of the State of Law coalition, Muhammad al-Ziyadi, confirmed, on Tuesday, that the representatives of the central and southern provinces expressed their objection to the failure to achieve justice by distributing financial shares to their provinces, similar to the Kurdistan region , while he indicated that in the event that the central and southern governorates are not fair, they will not vote on the budget.

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

Al-Ziyadi said in an interview with Al-Maalouma, that "the imbalance is clear in the distribution of financial shares for the central and southern governorates if they are compared to the governorates of the Kurdistan region," pointing out that "the necessity of redistribution according to the population percentage and the poverty rate, in addition to the oil-producing governorates obtaining 5%.” of petrodollars.

He added that "the representatives of the central and southern provinces expressed their objection to the failure to achieve justice by distributing financial shares to their provinces, similar to the provinces of the Kurdistan region."

Al-Ziyadi indicated that "in the event that the central and southern governorates are not fair, they will not vote on the budget."

The Parliamentary Finance Committee has been in intensive meetings for weeks to resolve the items of the 2023 budget, which includes very complex items, with a fiscal deficit of more than 30%.

The deficit rate amounted to 63.275 trillion dinars, with the adoption of a price of 70 dollars per barrel of oil, given that more than 95 percent of budget revenues depend on oil sales.  LINK

A "Dangerous Indicator" .. Iraqis Are Ranked 50th Among The Most Miserable Peoples

2023-05-23 Shafaq News/ Professor of Economics at Johns Hopkins University, Steve Hanke, published a list of the "misery index" for the past year 2022, showing that Iraq ranked 50th among the most miserable peoples, while an economist demanded the need to quickly address this "dangerous indicator".

According to a report and table published by Hanke, seen by Shafaq News Agency, "The human condition lies in a wide spectrum between "miserable" and "happy", in the economic field, indicating that misery comes as a result of high inflation, exorbitant borrowing costs, and unemployment.

"The surest way to alleviate this misery is through economic growth," Hanke noted, noting that country metrics can tell us a lot about where people feel sad or happy.

The Hankey Index measures the misery, based on unemployment, inflation, the lending rate, and the change in per capita GDP.

According to Hankey, Iraq ranked 50 out of 157 countries listed in the table with the most miserable people, with an index of 42.3 points, indicating that unemployment is the main factor in Iraq behind this misery.

According to Hankey, Zimbabwe, Venezuela, Syria, Lebanon and Sudan occupied the first five ranks as the most miserable people, followed by Argentina sixth, Yemen seventh, Ukraine eighth, Cuba ninth, and Turkey tenth.

He added that the least miserable people and the happiest were Switzerland, which ranked first, followed by Kuwait, then Ireland, then Japan, followed by Malaysia, followed by Taiwan.

For his part, the economist, Muhammad al-Hassani, told Shafaq News agency, "The classification is close to the truth and correctly reflects the reality of Iraq," noting that "what citizens in Iraq suffer from is the increase in unemployment, especially among young people, which may reach more than 30% and may increase to more." From 40% in some governorates, especially the southern ones, which is what the report focused on.

He added, "Unemployment is considered one of the main and serious problems for any country that suffers from it, because of the many problems that result from it, including crime, theft, backwardness in education and many other things," calling on "the government agencies responsible for that to address this indicator more seriously by developing a five-year plan that can be met." implementation, and not a five-year plan on paper only.

He pointed out that "the Iraqi society does not suffer greatly from inflation, which is considered appropriate for the rest of the world, in which it increased significantly, especially after the Russian and Ukrainian wars, in addition to the fact that the economic growth of Iraq is currently considered high after the rise in oil prices in relation to the rest of the neighboring countries."   LINK

Planning: Items In The Budget To Address The Impact Of The Dollar Exchange Rate

Money   and business  Economy News _ Baghdad  The Ministry of Planning revealed that the budget for the current year includes new items that address the impact of changing the exchange rates of the US dollar on the Iraqi citizen. 

The Undersecretary of the Ministry of Planning, Maher Hammad Johan, said in an interview with the official newspaper, followed by "Al-Iqtisad News", that "many items have been included in the general budget for the current year in favor of the citizen, as a result of the damage incurred by him as a result of the change in exchange rates in the past months." 

He added, "The response was made by adding these items according to human and food security, as well as the economic impact, the general situation of climate change, global economic inflation, and the expected recession." 

"If the new budget is approved in accordance with the items discussed, a large part of it will represent a response to providing food and covering the requirements of the social protection network, in addition to supporting the private sector in specific areas," Johan stressed. 

He explained that "serious discussions were held by the ministry, with the participation of the Investment Authority, government agencies, the Federation of Industries and other concerned authorities, regarding exchange rates and their impact on the market and therefore on citizens," noting that "the Ministry of Planning worked under the guidance of Prime Minister Muhammad Shiaa al-Sudani in this field."     Views 87   Added 05/23/2023 - https://economy-news.net/content.php?id=34360

Member Of Parliamentary Finance: We Were Expecting To Settle The Budget In The Middle Of This Week, But..

Money  and business  Economy News – Baghdad  A member of the Parliamentary Finance Committee, Jamal Cougar, said, on Tuesday, that the committee is still on the same disputed points in the budget.

Cougar explained, in an interview with the official newspaper, that "the region's share has not yet been decided, nor have the transfers been completed, nor have the additional materials been included until this moment."

He added, "We expected that the budget would be settled in the middle of this week, but the committee is still working on settling these points."

And he continued, that the paragraph "reducing the number of the region's employees is still being discussed, and we hope to return it to what it was."   Views 294  05/23/2023 - https://economy-news.net/content.php?id=34363

New Figures On The Budget.. This Is What The Government Needs To Cover Its Operational And Investment Expenses

Economy  2023-05-23 | Alsumaria News – Economy  The draft federal budget law, which has been prolonged as a result of political differences over some files, is still waiting for popular circles, at a time when economists revealed what the Iraqi government needs to cover its operational and investment expenses if it approved its current situation, amounting to 199 trillion dinars.

The economist said  Manar Al-Obaidi  In a post I followed  Alsumaria News If the budget is approved in its current state of 199 trillion dinars, the Iraqi government will need an average of 552 billion dinars per day to cover its operational and investment expenses.

He added, "The source of the Iraqi dinar for the Iraqi government is the central bank, and in order to provide this amount of dinars, the central bank has two options: *

Either sell the value of 420 million dollars per day through the window of selling hard currencies to save the dinar, which is complicated during this period, or increase the cash currency." issued by the bank.

And the expert continued, "If the central provides an Iraqi dinar in exchange for selling 280 million dollars per day, then it will provide a daily dinar for the Iraqi government at a value of 370 billion dinars, so the remaining amount of 180 billion must be provided through an increase in the cash currency issued, which will reach within a year if this option is adopted, up to 60 trillion."

An additional dinar of the cash currency, and this means that the cash currency issued within a year from now will reach more than 160 trillion Iraqi dinars, compared to the current situation of 96 trillion dinars of the cash currency issued, and this means the possibility of increasing inflation rates and rising prices during the next stage. .

Earlier, the Parliamentary Finance Committee announced that it would vote on most of the items and paragraphs of the budget, in preparation for submitting it to  Parliament .

He would have agreed  Iraqi Council of Ministers  On March 13, he approved the draft budget law for the years 2023, 2024, and 2025 and referred it to  Parliament .

and finished  Parliament , the first and second readings of the draft federal budget law for  The Republic of Iraq  provided by the government  Mohamed Shiaa Al-Sudani For the fiscal years (2023, 2024, 2025)

and the 2023 budget is the largest in the history of Iraq after 2003, the Prime Minister said Mohamed Shiaa Al-Sudani  Its total amounts to more than 197 trillion dinars (135 billion dollars), including an operating budget of more than 150 trillion dinars, and an investment budget of about 47 trillion.

The estimated deficit rate is close to 63 trillion Iraqi dinars, and the total expected revenues are equivalent to more than 134 trillion dinars, while oil revenues are estimated at 117 trillion dinars based on an oil price of $70, while non-oil revenues amount to 17 trillion.

The last budget approved in Iraq dates back to April 2021, while one was not adopted in 2022 due to the political turmoil that paralyzed the country for a year after the last legislative elections.  LINK

Iraqi News Highlights Monday Evening 5-22-23

Iraqi News Highlights Monday Evening 5-22-23

Tlm724 Administrator Bondlady’s Corner

To More Than 146.. The Dollar Exchange Rates Rose In Baghdad With The Stock Market Closed

Economy   Sunday, May 21, 2023 Baghdad / The National News Center  The exchange rates of the US dollar against the Iraqi dinar rose today, Sunday, on the main stock exchange in the capital, Baghdad.

The correspondent of the National News Center said, “The central Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded an exchange rate of 146,400 dinars, compared to 100 dollars, while the prices this morning were 145,200 dinars.”

He added, "The buying and selling prices rose in the exchange shops in the local markets in Baghdad, where the selling price reached 147,000 dinars, while the purchase prices reached 146,000 dinars per 100 dollars."   https://nnciraq.com/206741/

In The Document ... The Central Bank Of Iraq Directs To Reduce Commissions For Transferring Foreign Currencies

Monday 22 May 2023 14:18 | Economical Number of readings: 252   Baghdad / NINA /, the Central Bank of Iraq instructed all licensed banks to reduce commissions for transferring foreign currencies./      https://ninanews.com/Website/News/Details?key=1054984

International Monetary Expects The Volume Of Iraq's Oil Production For The Current Year

Economy   Monday, May 22, 2023 Follow-up / National News Center  The International Monetary Fund expected, today, Monday, that Iraq's oil production for the current year will reach about 4.63 million barrels per day.

The fund said in a schedule for the month of May of this year, "It is also expected to rise in 2024 at a rate of 4.74 million barrels."

He added, "Iraq's oil production in 2022 recorded an average of 4.44 million barrels per day, while in 2021 it recorded an average of 3.97 million barrels per day, and in 2020 it recorded an average of 4 million barrels per day."

He pointed out that “the highest rate of oil production among the Arab oil-producing countries was for Saudi Arabia, where production for the year 2022 reached an average of 10.57 million barrels, followed by Iraq, and then the Arab Emirates at a rate of 3.14 million barrels per day, while Bahrain was the least Arab country producing oil.” At a rate of 190,000 barrels per day.  https://nnciraq.com/206903/

Expert: The Funds Allocated To Endowments In The Budget Are Equivalent To 27 Tons Of Gold 

   May 21 17:16  Information / Baghdad..Economic expert Manar Al-Obeidi revealed, on Sunday, that the money allocated to religious endowments is equivalent to about 30 tons of gold.

Al-Obaidi said in a post on Facebook, which Al-Maalouma viewed, that "the total

budget of religious endowments in the 2023 budget is around 2 trillion Iraqi dinars,

equivalent to 27 tons of gold."   He added, "The total

budget of the Ministry of Industry is 1.1 trillion Iraqi dinars, the

budget of the Ministry of Agriculture is 1.9 trillion Iraqi dinars, and the

budget of the Ministry of Water Resources is 1 trillion Iraqi dinars." Ended/25 h

https://almaalomah.me/news/economy/خبير:-الأموال-المخصصة-للأوقاف-بالموازنة-تعادل-27-طن-من-الذهب    

The Ministry Of Communications Approves The Project To Establish A Regional Data Center In Iraq For Commercial Purposes

Communications approved the project to establish a regional data center in Iraq for commercial purposes.

The ministry said in a statement: "The Opinion Board in the Ministry of Communications held its meeting (125) headed by Minister Hayam Al-Yasiri and in the presence of specialized international experts to discuss the project to establish a regional data center in Iraq for commercial purposes," noting that "the project, which will be agreed upon with major International Internet content providers such as Google, Amazon, Facebook and others.

The statement added, "The importance of this project comes in that it will be a regional provider for the needs of neighboring countries that do not own these data centers, as well as improving the quality of services provided and reducing their prices in Iraq," noting that "this comes within the framework of the ministry's efforts to encourage investment by the sector." private sector, maximizing revenues and strengthening Iraq's regional position among neighboring countries.

https://www.radionawa.com/all-detail.aspx?jimare=34428

The Decline In The Exchange Rates Of The Dollar In Baghdad With The Closing Of The Stock Market

Economy   Monday, May 22, 2023  Baghdad / The National News Center   The exchange rates of the US dollar decreased against the Iraqi dinar, today, Monday, on the main stock exchange in the capital, Baghdad.

The correspondent of the National News Center said, “The central Al-Kifah and Al-Harithiya stock exchanges in Baghdad recorded an exchange rate of 145,500 dinars, compared to 100 dollars, while the prices this morning were 146,700 dinars.”

He added, "The buying and selling prices rose in the exchange shops in the local markets in Baghdad, where the selling price reached 146,000 dinars, while the purchase prices reached 145,000 dinars per 100 dollars."    https://nnciraq.com/206929/

An Economist Determines The Reason For The Rise In The Dollar Again: Bank Sales And The Parallel Market

Posted On2023-05-21 By Sotaliraq  2023-05-21  Economic expert Abd al-Rahman al-Mashhadani attributed on Sunday the reasons for the rise in dollar prices again to the sales of the Central Bank and the parallel market.

Al-Mashhadani said in an interview that “what the bank sells in terms of dollars through the auction that it conducts daily for foreign remittances, which amount daily to more than 250 million dollars, are not audited and it is possible that the bulk of them will be returned due to rejection, and therefore what the bank announces is not necessarily the final sales.” .

He explained that what “the bank sells in terms of remittances was audited by the US Federal Bank before an agreement was reached with JPMorgan Bank to conduct the audit, which is also more accurate and more severe than the audit of the US Federal Bank, which needs time to be audited, in addition to the use of the Central Bank of China.” Who also applies instructions and compliance with extreme precision.

He added, "As long as the transfers need time to be checked and are not executed quickly, the merchant resorted to the parallel market to buy dollars, and thus the dollar rose again in the parallel market, and the costs of buying dollars from the parallel market are less than the costs of transfers that are sent by the central bank because it is the bank."

 The broker will take a commission, and there is a commission for the central bank as well, in addition to the fact that when the merchant contracts to ship his goods, it will be delayed in the factory, and therefore it will cost him money because of the floor.

The price of the dollar rose against the Iraqi dinar on Sunday, reaching 145 thousand dinars compared to 100 dollars, after the dollar prices witnessed a decline during the past week.   LINK

The Central Bank Issues Instructions Regarding Prepaid Cards (Documents)

  May 21 11:20   [Partial and approximate translation]   

Date: 2023/05/21  To / all banks   All electronic payment service providers

Issuance of prepaid cards (2:05:copyright: by Omaart

In light of the directions of this bank in publishing electronic payment tools and adopting payment systems in financial transactions in order to Increasing financial inclusion and providing local and international financial and banking services to all segments through the use of cards Prepaid faye Bel ye ae (Prepaid Cards) Know your customer and better compliance rules International practices as part of the role of this bank to enhance the security and safety of prepaid card operations while ensuring the possibility its accessibility and usefulness to users;

Your institutions must adhere to the following controls:

1. The maximum balance of prepaid cards shall be (10) million Iraqi dinars or its equivalent in other currencies.

2 The monthly recharge limits for prepaid cards are (10) million Iraqi dinars, and it is your responsibility to refuse any transactions Reload the card that exceeds the maximum balance mentioned above.

3. Set a maximum limit for daily and monthly card transactions as follows:

- Determine the value of withdrawals via automated teller machines (ATM) to be ($300) per day or the equivalent in currencies Others, provided that cash withdrawals do not exceed ($3,000) per month.

- Determining purchases through points of sale to be (750 dollars) per day or its equivalent in other currencies and not

4. Banks and electronic payment service providers licensed by this bank are allowed to issue and recharge (prepaid) cards payment) and granting the exchange companies of Finneh By A and their branches exclusively marketing and selling these cards for the benefit of the issuing party

And it is repackaged and all entities not licensed by this bank are prohibited from practicing the above activity as of 7/15/2023.

5. Prohibition of types of transactions according to the trader’s technical codes (0:40) related to high-risk financial activities; We include in below codes

(MCC) handle it (-4829-5094-5932-5933-5944-5960-5972-6012-6050-6051

diy (6211-6300-651 3-6532-6533-6534-6536-6537-6538-6540-7012-7995 8398)

Details link.

6. All issuing entities have the right to issue one active prepaid card to the same customer after submitting the supporting documents (the identity of the holder card / passport) taking into account that the customer's name is affixed to the card, and it is not allowed to issue and reload cards to anonymous persons without Submission of supporting documents.

7 Taking due diligence procedures when issuing and reloading by card issuers in accordance with the controls Issued by this bank and the applicable Anti-Money Laundering and Terrorist Financing Law and the instructions and controls issued pursuant thereto:

And report any suspicious activity to the competent authorities (Anti-Money Laundering and Terrorism Financing Office) for the purpose of assistance Early detection and containment of illegal activity.

8 It is your responsibility to conduct regular reviews of prepaid card transactions and take additional actions regarding customers Those who frequently use their prepaid cards for purchases, cash withdrawals, or conducting pattern transactions Invalid according to the scenarios specified by the Anti-Money Laundering and Counter-Terrorism Financing Office.

9. Providing awareness programs for your customers about the risks associated with prepaid cards and how to use them safely.

10. Cards linked to mobile wallets are treated as prepaid cards and the same terms and conditions apply to them contained in this uncle.

11. Cards issued before the date of issuance of this uncle and do not bear a name shall be effective until the date of 1/8/2023 or the depletion of their balance Or whichever is earlier, and it is not re-packaged, and the limits referred to above and the aforementioned trader’s art codes apply to it and to banks.

The companies will take the necessary measures to replace them under this decree.

To work and adhere to what came above..with appreciation.

Agency governor  2023/05/1?    copy to/

- Association of Iraqi Private Banks / for your kind information..with appreciation.

- Governor's office / for your information..with appreciation.

- Legal Department/ for your kind information..with appreciation.

- Department of Investments and Foreign Transfers / For your information, with appreciation.

- Banking Control Department / for your kind information..with appreciation.

- Department of Accounting / for your kind information..with appreciation.

https://media.almaalomah.me/archive/image/2023/5/21/9456e950-acab-4be9-873b-650670d3667d.jpg

https://media.almaalomah.me/archive/image/2023/5/21/3456211c-e690-4783-b772-fa9eb32b71ab.jpg

https://almaalomah.me/news/economy/البنك-المركزي-يصدر-تعليمات-بخصوص-بطاقات-مسبقة-الدفع-وثائق

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Iraqi News Highlights Monday Afternoon 5-22-23

Iraqi News Highlights Monday Afternoon 5-22-23

Tlm724 Administrator Bondlady’s Corner

The Iraqi Central Bank Raises Its Sales Of Foreign Currency In Today's Auction

Monday 22, May 2023 | Economical Number of readings: 306   Baghdad / NINA / - The Central Bank of Iraq's sales of foreign currency increased today, Monday, to record more than $267 million.

According to the schedule of the currency sale window, the Central Bank sold during its auction today 267,047,986 dollars, which it covered at an exchange rate of 1305 dinars, per dollar for documentary credits and international settlements of electronic cards, and at a price of 1310 dinars per dollar for foreign transfers, and at a price of 1310 dinars per dollar in cash.

Most of the dollar sales went to reinforce the balances abroad in the form of (remittances, credits), amounting to $241,947,986, while the remaining $25,100,000 went in the form of cash sales. /Ends8

https://ninanews.com/Website/News/Details?key=1054947

Iraq Falls Three Ranks Among The Largest Foreign Holders Of US Treasury Bonds

Monday 22 May 2023 | Economical Number of readings: 332  Baghdad / NINA / - The US Treasury Department announced today, Monday, that Iraq has fallen three ranks among the largest foreign holders of US bonds.

The treasury said in the latest table that "Iraq fell three ranks after it reduced its holdings of bonds during the month of March, to rank 33 among the countries with the largest possession of US Treasury bonds, which number 38 countries included in the table for countries that must have possession of more than 33 billion dollars." ".

And she added, "Iraq's possession of these bonds amounted to 39.3 billion dollars for the month of March, down by 3.44% from last February, in which Iraq's possession of bonds amounted to 40.7 billion dollars."

She pointed out that "Iraq was the fourth largest Arab country after Saudi Arabia, the Emirates and Kuwait, while Japan came on top of the countries with the largest possession of these bonds with one trillion and 87 billion dollars, followed by China second with 869 billion dollars, the United Kingdom third with 714 billion dollars, and Belgium fourth with 336 billion." dollars, and Luxembourg fifth with 328 billion dollars.

And it indicated that "the total bonds of the countries of the world for the month of March rose by 230 billion dollars from last February, to reach 7 trillion and 573 billion dollars."/ End 8

https://ninanews.com/Website/News/Details?key=1054940

Minister Of Commerce: Efforts To Provide An Investment Environment And Establish Real Partnerships In Various Economic Fields

Economy| 01:32 - 05/22/2023  Baghdad - Mawazine News,  Minister of Commerce, Atheer Al-Ghurairy confirmed, on Monday, that the government program includes support for openness to the regional and international environment, while indicating the endeavor to provide an investment environment in various economic fields.

"We are preparing to hold the 74th session of the Baghdad International Fair under the slogan (Iraq continues)," Al-Ghurairy said, during a symposium of trade attaches at the Baghdad International Fair, noting that "this type of economic demonstrations constitutes a crossroads of exchange and economic cooperation, and it represents a real opportunity to consolidate cooperation relations between Iraq and the participating countries, upgrading them to advanced levels in partnerships, attracting investment and attracting expertise, learning about the latest developments in the investment sector and benefiting from them in achieving the goals of economic development.

He pointed out that "the government is working through the government program to support openness to the regional and international environment and strive to provide an investment environment and establish real partnerships in various economic fields, and develop these relations by activating the role of joint committees that take upon themselves the development and development of bilateral relations."

He explained, "The interest in holding exhibitions is one of the measures taken by the government, which is one of the most important economic, social and cultural tools, establishing real partnerships and exchanging experiences with many countries of the world, striving to benefit from advanced experiences in the fields of economic development and investment, and providing the appropriate environment for local and foreign investors."

He pointed to "the endeavors for the next session of the Baghdad International Fair to be a real opportunity and a wide starting point for cooperation, and it is a message to introduce Iraq as an attractive center for industry, trade and business, as it is the promising market for many international companies wishing to invest and enter the Iraqi market, and this casts a shadow over the economic interests between Iraq and the participating countries." .

Al-Ghurairy called on members of the diplomatic corps in Baghdad and commercial attaches in embassies to "share efforts so that the next session will be effective in terms of international participation and the types of participating companies, so that the exhibition will be a real meeting opportunity that achieves common goals and interests by urging countries and companies to participate and establish real partnerships with the private sector." Iraqi, who has become a key and active partner in economic development.     https://www.mawazin.net/Details.aspx?jimare=227418

Minister Of Commerce: The Private Sector Has Become An Essential And Active Partner In Economic Development

Money  and business  Economy News – Baghdad  Minister of Commerce Atheer Al-Ghurairy affirmed, on Monday, that the government program includes support for openness to the regional and international environment, while indicating the endeavor to provide an investment environment in various economic fields.

"We are preparing to hold the 74th session of the Baghdad International Fair under the slogan (Iraq continues)," Al-Ghurairy said, during a symposium of trade attaches at the Baghdad International Fair, noting that "this type of economic demonstration constitutes a crossroads of exchange and economic cooperation, and it represents a real opportunity to consolidate cooperation relations between Iraq and the participating countries, upgrading them to advanced levels in partnerships, attracting investment and attracting expertise, learning about the latest developments in the investment sector and benefiting from them in achieving the goals of economic development.

He pointed out that "the government is working through the government program to support openness to the regional and international environment and seek to provide an investment environment and establish real partnerships in various economic fields, and develop these relations by activating the role of joint committees that take upon themselves the development and development of bilateral relations."

He explained, "The interest in holding exhibitions is one of the measures taken by the government, which is one of the most important economic, social and cultural tools, establishing real partnerships and exchanging experiences with many countries of the world, striving to benefit from advanced experiences in the fields of economic development and investment, and providing the appropriate environment for local and foreign investors."

He pointed to "the endeavors for the next session of the Baghdad International Fair to be a real opportunity and a wide starting point for cooperation, which is a message to introduce Iraq as an attractive center for industry, trade and business, as it is the promising market for many international companies wishing to invest and enter the Iraqi market, and this casts a shadow over the economic interests between Iraq and the participating countries." .

Al-Ghurairy called on the members of the diplomatic corps in Baghdad and the commercial attaches in the embassies to "share efforts so that the next session will be effective in terms of international participation and the types of participating companies, so that the exhibition will be a real meeting opportunity that achieves common goals and interests by urging countries and companies to participate and establish real partnerships with the private sector." Iraqi, who has become a key and active partner in economic development.  Views 93 05/22/2023 - https://economy-news.net/content.php?id=34345

Low Global Oil Prices

Economy| 08:34 - 05/22/2023   Follow-up - Mawazine News  Oil prices fell on Monday, as caution about the US debt ceiling talks and concerns about the recovery of demand in China offset support from a decline in OPEC + producers.

Brent crude futures fell 54 cents, or 0.7%, to $75.04 a barrel by 0201 GMT.

Also, US West Texas Intermediate crude for June delivery, which is the most active contract, fell 61 cents, or 0.6%, to $70.94.    https://www.mawazin.net/Details.aspx?jimare=227391

Iraq's Oil Exports To America Declined During The Past Week

Sunday 21 May 2023 11:30 | Economical Number of readings: 453   Baghdad / NINA / - The US Energy Information Administration announced today, Sunday, that Iraq's oil exports to America decreased during the past week.

The administration said in a report, "Iraq's oil exports to America amounted to an average of 174,000 barrels per day during the past week, decreasing by 73,000 barrels as a daily average from the previous week, in which oil exports to America amounted to an average of 247,000 barrels per day."

She pointed out that "most of America's oil revenues during the past week came from Canada, followed by Mexico, Saudi Arabia, and then Colombia, while it did not import any amount from Russia." /End 11

https://ninanews.com/Website/News/Details?key=1054715

Oil Recorded Its First Weekly Gain In A Month

Economy  Sunday, May 21, 2023 9:45 am   Follow-up / National News Center

Oil prices rose, recording the first weekly gains in a month, and the benchmark “Brent” and Texas crude, the American mediator, rose by about 2%, despite the decline in prices during trading at the end of the trading week the day before yesterday.

Oil changed its trend to decline after negotiations to raise the public debt ceiling between Republican members of the US House of Representatives and the administration of President Joe Biden temporarily stopped.

And the US crude contract for May delivery, which is scheduled to expire on Monday, closed down 31 cents, equivalent to 0.4%, at $71.55 a barrel.    https://nnciraq.com/206629/

Central Bank: We Have Not Issued Any Decision To Stop Electronic Payment Cards

Economy| 01:03 - 05/22/2023  Baghdad - Mawazine News  The Central Bank of Iraq confirmed, on Monday, that no decision had been issued regarding stopping electronic payment cards, while indicating the tendency to prepare a strategy for dealing with international organizations to enhance financial inclusion.

The Deputy Governor of the Central Bank, Ammar Khalaf, said, "The Central Bank has not issued any decision to stop electronic payment cards, but rather it encourages their use inside and outside Iraq instead of the citizen taking the dollar outside Iraq. He can use the card for purchases."

He pointed out that "there are many challenges facing the Central Bank, including the development of the financial sector, the exchange rate and its stability, electronic payment and increasing financial inclusion, all of which are major challenges and goals," noting that "this needs the efforts of the private sector to achieve stability for the Central Bank."

Khalaf continued, in an interview with the official news agency, which was followed by Mawazine News, that "the Central Bank alone is unable to achieve all its goals in light of the structural imbalance in the Iraqi economy."

He pointed out that "there are continuous efforts made by the Central Bank, through monetary policy measures and meeting merchants' requests to obtain foreign currency in accordance with legal contexts, and therefore the Central Bank uses various monetary policy tools, including the open market currency, the policy rate, and others, to achieve stability."

He explained, "The Central Bank has integrated infrastructure, and it encourages banks to work with advanced technology, especially electronic payment tools and reduce the use of cash," noting that "the Central Bank is working on a special strategy in dealing with international organizations to enhance financial inclusion as a goal." essential to its objectives.

 https://www.mawazin.net/Details.aspx?jimare=227414

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

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"Tidbits From TNT" Monday 5-22-2023

TNT:

CandyKisses:  Following the grinding brawl. A number of Kurdish deputies were injured inside the regional parliament hall

Baghdad Today – Baghdad

A number of Kurdish deputies were injured on Monday after a fierce brawl inside the Kurdistan Regional Parliament Hall.

A video clip obtained by (Baghdad Today) showed "the injury of a number of deputies of the Kurdistan Regional Parliament against the background of a brawl inside the Council Chamber."

The proceedings of the session of the Council of Representatives of the Kurdistan Region, on Monday, witnessed the occurrence of clashing of hands, beatings, punches and breaking of the contents of the parliament among the Kurdish members of the House of Representatives.

And obtained (Baghdad Today) on a video showing what happened in the session of the entanglement of hands, beating, punches and breaking of the contents of the parliament among the members of the House of Representatives Kurds, while a number of journalists of the region were injured inside the building of the House of Representatives to cover the proceedings of the session.

The Kurdistan region is witnessing sharp political differences between the Kurdistan Democratic Party and the Patriotic Union, which today reached the point of clash, and observers believe that the predominance of either party in this file may pave the way for changes in the political scene within the region in the coming years.

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Tishwash:  Baghdad and Berlin are discussing the most important economic, financial and monetary developments in Iraq

The Deputy Governor of the Central Bank of Iraq, Ammar Hamad Khalaf, received a high-ranking German delegation headed by the Director of the Middle East and North Africa Department at the German Federal Ministry for Economic Cooperation and Development, Volker Uehle, accompanied by Chargé d'Affaires of the German Embassy in Baghdad, Margarete Jacob.

A statement to the Central Bank media stated, “The meeting, which included a group of general managers and specialists in the Central Bank of Iraq, discussed the most important economic, financial and monetary developments in Iraq, and the extent of the Iraqi Central Bank’s response in achieving balance and economic stability, 

The meeting also discussed "the economic and technical aspects related to cooperation with the German side, including the provision of advisory services through the (GIZ) organization, and the projects that the organization manages in cooperation with this bank."   link

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Tishwash:  Minister of Commerce: The private sector has become an essential and active partner in economic development

 Minister of Commerce Atheer Al-Ghurairy affirmed, on Monday, that the government program includes support for openness to the regional and international environment, while indicating the endeavor to provide an investment environment in various economic fields.

"We are preparing to hold the 74th session of the Baghdad International Fair under the slogan (Iraq continues)," Al-Ghurairy said, during a symposium of trade attaches at the Baghdad International Fair. Iraq and the participating countries, upgrading them to advanced levels in partnerships, attracting investment and attracting expertise, learning about the latest developments in the investment sector and benefiting from them in achieving the goals of economic development.

He pointed out that "the government is working through the government program to support openness to the regional and international environment and strive to provide an investment environment and establish real partnerships in various economic fields, and develop these relations by activating the role of joint committees that take upon themselves the development and development of bilateral relations."

He explained, "The interest in organizing exhibitions is one of the measures taken by the government, which is one of the most important economic, social and cultural tools, establishing real partnerships and exchanging experiences with many countries of the world, striving to benefit from advanced experiences in the fields of economic development and investment, and providing the appropriate environment for local and foreign investors."

He pointed to "the endeavors for the next session of the Baghdad International Fair to be a real opportunity and a broad starting point for cooperation, which is a message to introduce Iraq as an attractive center for industry, trade and business, as it is the promising market for many international companies wishing to invest and enter the Iraqi market, and this casts a shadow over the economic interests between Iraq and the participating countries." .

Al-Ghurairy called on members of the diplomatic corps in Baghdad and commercial attaches in embassies to "share efforts so that the next session will be effective in terms of international participation and the types of participating companies, so that the exhibition will be a real meeting opportunity that achieves common goals and interests by urging countries and companies to participate and establish real partnerships with the private sector." Iraqi, who has become a key and active partner in economic development   link

Mot:  ..... Things that the Internet Helps Ya Figure Out on Ur own!!!

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Goldilocks: Late Sunday Evening and Early Monday Morning News and Opinions

Sunday Evening Goldilocks and Seeds of Wisdom

Thank you RJ

RJ: Good evening Dinar Recaps,

Goldilocks posted a link and comments tonight:

Okay folks, we have a timeline change on the FedNow payment service.

We were expecting July 1st to be the go-live date for the FEDNOW program, but they have shifted one aspect of their International Payment Service to a one month earlier date.

FEDNOW money transfers are "now" going to start on June 1st. The implementation of ISO20022 or the International Payment System will make this possible from one financial institution to another.

This service will be conducted 24/7, but it is going to be up to individual institutions to adopt this regimen.

Are you getting excited yet?

© Goldilocks

https://westfaironline.com/banking-finance/fednow-speeds-up-money-transfers/

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We still need Stablecoins to move into the implementation stage.

Congress has until the end of June to finish this process unless they surprise us.

© Goldilocks

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Monday Morning Goldilocks and Seeds of Wisdom

Thank you RJ

RJ:  Good morning Dinar Recaps,

Goldilocks posted some links with comments:

"World Bank turns to blockchain for tokenizing infrastructure process amid regulatory challenges"

The World Bank is turning to "blockchain" to create physical and organizational structures such as buildings, roads, power supplies, etc. needed for the operation of a society or country.

There are currently several projects they are wanting to implement at this time, but they are waiting on standardized regulatory protocols to move further.

This is why there is a back wall date for Congress to finish the regulatory process on the QFS digital/currency reforms by the end of June.

A new world is waiting to be born.

© Goldilocks

https://coingeek.com/world-bank-turns-to-blockchain-for-tokenizing-infrastructure-process-amid-regulatory-challenges/

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A New Bretton Woods agreement is being called for at this time.

The Bretton Woods System is a set of agreed-upon rules and policies that standardizes fixed international currency exchange rates."

Here is a list of three things they focus on:

* "The Bretton Woods Agreement established a system through which a fixed currency exchange rate could be created using gold as the universal standard."

* "The agreement involved representatives from 44 nations and brought about the creation of the International Monetary Fund (IMF) and the World Bank."

* "The fixed currency exchange rate system eventually failed; however, it provided much-needed stability at the time of its creation."

It is being recognized that the world is changing, and the restructuring of our Global Economy needs new standards to guide us into the future.

It is a Global Currency Reset in the making.

© Goldilocks

https://corporatefinanceinstitute.com/resources/economics/bretton-woods-agreement/#:~:text=The%20Bretton%20Woods%20System%20is,for%20currencies%20around%20the%20world.

https://www.voanews.com/a/un-chief-it-s-time-to-reform-security-council-bretton-woods-/7102468.html

https://www.reuters.com/world/un-chief-says-its-time-reform-security-council-bretton-woods-2023-05-21/

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