Dinar Recaps 20 6/29/23 Dinar Recaps 20 6/29/23

Goldilocks " Tomorrow, we begin the transition into a new monetary system." 6-29-2023

Goldilocks and Seeds of Wisdom

RJ: Good morning Dinar Recaps,

Goldilocks posted comments and links on global financial news:

Gold options are gaining momentum in the stock market. Inflation has raised many of our assets to dangerous levels of concern to economists.

Everything returns to its means or real values over time, and many of our stocks are showing signs of being overvalued.

Because of these recent events, we have been given a number of reasons for banks to raise their capital with gold.

Markets are tokenizing many of their assets with gold backed options.

Goldilocks and Seeds of Wisdom

RJ: Good morning Dinar Recaps,

Goldilocks posted comments and links on global financial news:

Gold options are gaining momentum in the stock market. Inflation has raised many of our assets to dangerous levels of concern to economists.

Everything returns to its means or real values over time, and many of our stocks are showing signs of being overvalued.

Because of these recent events, we have been given a number of reasons for banks to raise their capital with gold.

Markets are tokenizing many of their assets with gold backed options.

And banks, they have recently gone through another stress test that measures their ability of handling a deep recession.

They are showing more signs of stress, so the need to increase capital support with gold has become necessary.

Does this mean that banks and markets are in trouble? Under this old financial system, the answer is yes.

But things are changing next week, and we are about to witness some volatility ahead as markets and the banking system finds new valuations in the new economy.

Increasing Foreign Currency reserves and the Ripple digital coin adds two more layers of security for the road ahead.

In light of these new phenomena, we are requiring new standardized protocols and policies to guide our banks and our markets coming to us in July.

We basically have a new banking system and a new market being transformed into a new digital golden era.

Look for gold, digital assets, and currencies to rise together due to these new mechanisms attached to assets giving them real values.

© Goldilocks

Why Gold Options are Gaining Momentum
https://www.cmegroup.com/openmarkets/metals/2023/Why-Gold-Options-are-Gaining-Momentum.html

Ripple Breaking Barriers: XRP, IOU, and ERC-20 Tokens Connect Seamlessly with XLS-38d Specification, Bridging the XRP Ledger and EVM Sidechain
https://www.crypto-news-flash.com/ripple-breaking-barriers-xrp-iou-and-erc-20-tokens-connect-seamlessly-with-xls-38d-specification-bridging-the-xrp-ledger-and-evm-sidechain/

US banks shrug off turmoil to ace Fed's annual health checks
https://www.reuters.com/business/finance/us-banks-ace-feds-annual-health-checks-despite-recent-turmoil-2023-06-28/

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"Federal Banking Regulators Issue Final Third-Party Risk Management Guidance"

Many of our crypto exchange apps utilize third-party payments to connect us to our banking system.

Final touches are being placed on these new third-party payment mechanisms with guidance going forward on them.

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Tomorrow, we begin the transition into a new monetary system.

Many mechanisms will be changed over the weekend to connect us to our new global economy.

We may experience some disruptions of services, or it just simply may be more seamless than we have anticipated. Time will certainly tell on this one.

Whatever happens, we begin the process of digitally connecting our world economy together as one.

This event opens the door to the new QFS system, and the changes going forward will revalue everything.

Don't expect everything you are hoping to see happen in one day, but the changes you have been looking for have to come.

Be watchful.

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RV, GCR News: Something's Brewing for the 1st of July!
https://rumble.com/v2wtrup-rv-gcr-news-somethings-brewing-for-the-1st-of-july.html

☝️ Aren't you glad you joined this room now? We have been talking about the first week of July for months.😉

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Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline

Goldilocks' Telegram Room

https://t.me/+YU9UrHLxFbszOTJh

Goldilocks on the Seeds of Wisdom Team Website

https://www.seedsofwisdomteam.com/

Thank you Dinar Recaps

DINARRECAPS8 6/29/23 DINARRECAPS8 6/29/23

Thursday Morning Iraq Economic News Highlights 6-29-23

Sudanese Financial Advisor Talks About The Measures To Control The Dinar

Policy, 06/29/2023 readings: 120 Baghdad-Iraq today: Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed the strength of quantitative and price monetary policy tools in managing public liquidity, while identifying the factors for stabilizing the purchasing power of the Iraqi dinar.

Saleh said in a statement to the official agency, "Some are betting on the impossibility of controlling the levels of local liquidity generated by government spending, especially in the federal general budget 2023, which is based on methods of financing the budget in Iraqi dinars in Exchange for oil revenues in foreign currency mostly, as oil revenues constitute reserves.”

Thursday Morning Iraq Economic News Highlights 6-29-23

Sudanese Financial Advisor Talks About The Measures To Control The Dinar

The Central Bank of Iraq, which helps to intervene in the money market to sterilize local liquidity levels and control them when they rise through the ability to meet the increasing demand for foreign exchange.

He added, “The bet is losing on the ability to intervene and control the levels of liquidity in dinars, which will rise with the rise in government expenditures due to the conditions of the compliance platform and the fear of them in meeting the demand for foreigners.” exchange.Monetary policy and the strength of foreign reserves, which are the highest in the country's financial history, are the only ones that possess the price tools." And the different quantity affects the levels of liquidity that government spending mostly generates.

And Saleh continued, "There is a strong coordination and integration between monetary policy and the joints of economic policy and financial policy, and it affects drawing the rules of price stability factors and building an efficient commodity supply in order to achieve the goals of the Central Bank in stabilizing the purchasing power of the Iraqi dinar, based on the goals of Decree Law No. 56 of 2004. ".

He noted, "There is a very pessimistic extremist imagination that is spread from time to time and is not at all commensurate with the strength of the monetary and price policy tools in particular, and the opportunities available for government policies in general in addressing the shocks that are seen from time to time in the issue of public liquidity management.” LINK

The President Of The Republic: Decrease In Cases Of Corruption In Iraq And 3 Principles On Which Our Relations With Neighbors Are Based

Time: 06/29/2023 Read: 169 times {Politics: Al Furat News} President Abdul Latif Jamal Rashid affirmed that Iraq is keen to establish balanced and good relations with everyone.

"We have good and strong relations with the United States of America, and at the same time we have good relations with the Islamic Republic of Iran, and we also have good relations with regional and European countries," Rashid said in a televised interview.

He added, "I recently conducted an official visit to Iran, and in our meetings we made it clear that our relations with all countries are based on the principle of respect for independence, sovereignty, and common interests," noting that "we believe that strengthening and developing relations between countries at the regional and international levels benefits all countries, We also believe that tensions and challenges do not lead to a good relationship between the countries of the world where all our problems can be solved through dialogue, consultations and common understandings:".

The President of the Republic also spoke about the role of Iraq in bringing points of view closer and improving relations with all countries, referring in this context to the resumption of relations between the Islamic Republic of Iran and the Kingdom of Saudi Arabia and the efforts made by Iraq to improve understanding between some other countries.

President Abd al-Latif Jamal Rashid affirmed that Iraq enjoys security, peace and stability, and this in turn provides opportunities for investors to invest in the country, and that the government is serious about taking concrete measures that will encourage foreign and domestic investment, as there are promising opportunities for investors in Iraq, especially with the security, safety and stability that Iraqi cities are witnessing it, noting the need to amend the laws and regulations of money transfer, financial policy, and improve some rules and regulations related to investors and the banking sector.

Regarding drought and climate change, the President of the Republic made it clear that the Iraqi government takes this issue seriously. Serious measures have been taken to improve the water situation, including engaging in dialogue with the riparian countries with Iraq to reduce the damage caused by water scarcity, taking decisions and actions to improve water management systems in Iraq and combating drought problems and other factors related to drought.

Regarding cases of corruption, His Excellency affirmed that important and strict governmental steps have been taken to curb corruption, and firm measures have been applied against corrupt people in all state institutions, including ministries, government departments and activities, indicating that corruption cases have decreased in Iraq during the past year or two.

In response to a question about the Russian-Ukrainian war, President Rashid renewed Iraq's position calling for stopping the war between the two countries and starting a dialogue to resolve the differences, stressing that our message, our advice, and what we recommend is that the war must stop, and the dialogue must take its course to solve the problem between these two countries, because One of the repercussions of wars is that it affects everyone, European countries and our countries and may affect most of the global economy, and the international community has to help these two countries to stop war and fighting and start negotiations.

Concerning the war waged against the former regime, the President of the Republic affirmed that the defunct regime posed a threat to the international community and threatened regional security, as it was suppressing the Iraqi people with all its groups and components, and the opposition at that time and the entire Iraqi people were seeking to get rid of the dictatorial regime. LINK

The Stability Of The Dollar Exchange Rates In The Local Markets

Economy |Today, Baghdad today – Baghdad Today, Thursday, the exchange rates of the dollar recorded a stable rise in the exchange offices in the capital, Baghdad.

The (Baghdad Today) correspondent said, "The Al-Kifah and Al-Harithiya stock exchanges are closed during the days of Eid Al-Adha."

He added, "The price of buying the dollar in exchange offices today reached 148,500 dinars per 100 dollars, while the selling price of the dollar reached 146,500 dinars per 100 dollars. LINK

Parliamentary Services Committee: Iraq Will Witness A Quantum Leap In Services During The Next Stage

Iraq 2023-06-29 The Parliamentary Services and Reconstruction Committee confirmed that Iraq will witness a qualitative boom in services during the next stage at various levels.

Committee member Madiha Al-Moussawi said that, after the approval of the Federal General Budget Law and its entry into force, Iraq is on the verge of a quantum leap in services during the next stage at various levels. There is a government program related to strategic services and projects that will be implemented in all Iraqi cities.

And she added, that the government was late in implementing its service program due to the delay in enacting the budget law, pointing out that there is governmental seriousness in order for the citizen to see improvement in the services provided to him, especially in the completion of important lagging projects such as hospitals, schools, and others.

It is noteworthy that the House of Representatives approved the tripartite financial budget on the twelfth of this month, and the Official Gazette published the law last Monday, so that the law enters into force. https://kirkuktv.net/AR/Details/16051

The Work Revealed The Inclusion Of 180,000 New Benefits From The Social Protection Network

Economy 06/29/2023, Number of readings: 216 Baghdad - Iraq today: The Social Protection Authority of the Ministry of Labor and Social Affairs reported that it is working to complete the third meal, with about 100,000 beneficiaries in Baghdad and the provinces.[/rtl]

The head of the authority, Ahmed Al-Moussawi, said in a press interview that: “Two meals for social care have been launched, with 121,000 included, and more than 60,000 are included in the second meal, and a card has been issued to more than 60,000 beneficiaries of the protection subsidy, as they received the Qi Card.”

He added, "We are ready to issue six meals for social protection, so that the number at the end of the year will reach 600,000 families, to be added to those covered by the network."

And he added, "It is expected that the number of beneficiaries from two million and 350 thousand families will reach two million and 400 thousand families by the first of January of next year, with a salary that starts from 125 thousand dinars per person, and It reaches 325 thousand dinars, according to the number of families. LINK

Al-Hakim Warns Of Government Employment: A Financial Time Bomb

2023.06.29 Baghdad - Nas On Thursday, the head of the "State Forces" coalition, Ammar al-Hakim, warned against rivalry and disagreement, considering the gesture of approving the budget as "different from all previous budgets," while he warned against government employment that overwhelmed the Iraqi government and burdened the state and made us face a financial time bomb, as he put it. .

Al-Hakim said during the Eid al-Adha prayer sermon, followed by "Nass" (June 29, 2023), "We in Iraq are well aware of this issue...and we know the effects of rivalry and disagreement among the people of the same country...and we are working hard in all our political movements to confirm the importance of this Quartet and its role." In strengthening national unity and societal harmony, they are the key to reconstruction, construction and stability in a country like Iraq that is characterized by a multiplicity of races, nationalities, sects, religions and walks of life.

He added, "The government, parliament, and political forces are called upon to abide by the approach of unity, harmony, patience, and compassion. Whenever the dispute between us resolves, the more we retreat from developing the country and consolidating its stability and prosperity.

There will be a way for disagreement between us, and when we are patient with challenges and hardships.. we will become stronger and we will win, and when we show mercy and cooperate.. mercy and blessings will embrace us, and then we will build a righteous society and a strong people.. that will not be shaken by fleeting storms.

Regarding the economic priority in political action, al-Hakim stated that "the country's budget has been approved for the next three years... and it is a different gesture from all previous budgets... The political forces agreed on this step in support of the government's stability."

And enable it to move forward towards the country's economic reform path. Especially since an important part of the budget has been prepared for investment projects, most of which seek to complete lagging projects... which is a great opportunity for the government that must be invested as best as possible.

He continued, and since construction and reform are not possible without both political and financial stability.. Likewise, there is no value for any political or governmental action if it does not secure the interests of the people and achieve for them a decent life befitting them, and today .. after we have made long strides in building and sustaining a political process that sponsor completely the circumstances of Iraqi society and its priorities.

Al-Hakim said, "Our political system, despite the violent upheavals it was subjected to... was able to withstand and move towards completing and building a federal democratic system where law prevails and resorting to the constitution...

The time has come to shift towards the economic process and focus political efforts and self-development." necessary for the success of this major reform process and its generalization in state institutions ".

He pointed out that "our foreign policy must be based on the goals and constants of the economic process, and our political and electoral programs must be based on the foundations of the economic process, its horizons and its ranges, and the government and parliamentary evaluation criteria must be based on the achievements of the economic process and its sound plans, as our priority must be economic."

Our plans must be economic, and our programs must be economic, because the upcoming economic challenges and risks will be great and impactful, and we will not be able to face them without prior preparation for their repercussions and the ability to transform risks into real opportunities that can be invested and succeeded.

He said, "We may differ in the nature of the plans and in the mechanisms of their implementation...but what is important is the agreement to make the economic process the starting point and it is the priority in our movement and in our governmental and parliamentary work, and despite the huge challenges...we have great opportunities for investment and economic construction...

We have opportunities for agricultural investment..and we have manpower..and we have accumulated industrial experience..and we have promising opportunities in religious, archaeological and cultural tourism, and we have great opportunities capable of attracting investors and external money for the benefit of our country, and we have the ability to raise oil production and gas investment and increase cash income. .

Al-Hakim pointed out that "more than (600) thousand students are taking exams for the sixth year of middle school... which means that they will go after weeks to enroll in colleges and universities... and within four years, we will have more than half a million young people waiting for a job opportunity worthy of them and their dreams and ambitions.. And this The number is on the rise every year, so do we deal with these numbers with government employment that has overwhelmed the Iraqi government and burdened the state and made us in front of a financial time bomb?

Al-Hakim asked, "Do we deal with these large energies with social welfare salaries...?", pointing out that "this positive climate in the nature of international relations in our region is one of the most prominent historical opportunities that we must invest today to establish a regional strategy." In the long run, it is in the interests of the people the whole region."

And he continued, "And let's not forget that Iraq had the greatest role in bringing the diverging points of view closer together..and it is its usual and qualitative role that must remain preserved. The Iraqi interest requires achieving regional stability..and cooperation and regional integration."

Al-Hakim called, "Following a wise and studied foreign policy that seeks to invest national and international energies towards international and regional mobilization that establishes strategic partnerships between Iraq and its brothers in the Gulf Cooperation Council on the one hand... and between it and neighboring countries and the main countries in the region on the other hand."

https://www.nasnews.com/view.php?cat=109987

Dinar Recaps 20 6/29/23 Dinar Recaps 20 6/29/23

"Tidbits From TNT" Thursday AM 6-29-2023

TNT:

KaseyKo1: The place where I'm living, one of their security guards is from Kurdistan. And the girl at the front desk that works closely with him, had mentioned a short time ago that she had been given one dinar.

Well, when I started to mention to her that the rate was getting ready to change, she stopped me & said, "Oh, we've already been advised and the rate was 3.81. Woo-hoo!!! I just wanted to pass this encouragement along. The way she made it sound, the chg should be happening within days.

KaseyKo1: Here's an update to my previous "story".

It seems the newbie security guard we have is ONLY temporary. The Kurdistanian guard - wait for it! - just left at the starting of this week to go back to Kurdistan for 30 days. I have to wonder if he's going back to do an exchange in his country. He apparently has a dual citizenship with the US. So the question is when will he be paid in Kurdistan? Great news, I think anyway.

TNT:

KaseyKo1: Here's an update to my previous "story".

CandyKisses: Iraq ranks fourth in the Arab world in terms of industrial output… Here is the list

02:05 2023-06-29 61 Economy

Iraq ranked fourth among the Arab countries in terms of industrial output.

According to the latest data of the World Bank, Iraq came fourth in industrial output, after Egypt, which ranked third in the Arab world and 30th in the world, with a value of $124.4 billion.

Iraq was followed by "Qatar" and "Algeria", according to the 2021 statistics.
As for the industrial output in the Arab countries in 2021; Saudi Arabia ranked first in the list of Arab countries, and 13th in the world in terms of industrial production, with a value of $379.4 billion, followed by the UAE, second in the Arab world and 17th in the world, with an industrial production value of $197.1 billion.

According to World Bank data, the global industrial output increased by about 19.3% in 2021, to reach about $26.6 trillion, which represents about 28% of the global GDP, compared to global industrial output levels of about $22.3 trillion recorded in 2020, in which levels decreased. Industrial output as a result of the repercussions resulting from the "Corona" pandemic, and with the contribution of high-income countries to industrial output estimated at 51.5% in 2021, equivalent to about 13.

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CcandyKisses: Oil falls amid investor fears of interest rates rising again

Baghdad - NAS

Oil prices fell on Thursday, giving up some of last session's gains as investors took profits amid fears that another rate hike could dampen economic growth and global oil demand.

Brent crude futures were down 27 cents, or 0.4 percent, at $73.76 a barrel by 0052 GMT. West Texas Intermediate crude futures lost 21 cents, or 0.3 percent, to $69.35 a barrel.

Crude rose about 9 percent on Wednesday after the U.S. Energy Information Administration said crude inventories fell by 6.23 million barrels in the week ended June 1, far exceeding analysts' expectations in a Reuters poll for a 8.<> million barrel drop in inventories.

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CandyKisses: Al-Khazali: American drones fly over Baghdad areas without justification

Information / Baghdad

Asaib Ahl al-Haq Secretary-General Qais al-Khazali on Thursday called on the government to comprehensively review cultural exchange within the strategic framework agreement with the United States, demanding an end to unjustified American aviation in Baghdad.

Al-Khazali said during the Eid al-Adha sermon that "the United States of America is working to spread homosexuality in the country through the Strategic Framework Agreement," calling on the government to "comprehensively review this agreement, especially with regard to cultural exchange with the states."

Regarding the American presence, Al-Khazali explained that "the American combat forces are still present in Iraq under the name of the international coalition against ISIS, despite the withdrawal of the coalition countries from Iraq except for the United States of America," noting that "military sovereignty in Iraq is incomplete as long as there are foreign forces and bases and the American drones are still flying." It flies over the areas of Baghdad without justification." End / 25 pm

Mot: . Finally - Suuuuummmer!!!!

Mot: Tah Dah!! -- History Lesson fer Yas....

Dinar Recaps 20 6/29/23 Dinar Recaps 20 6/29/23

Goldilocks Late Wednesday Night "The RV is a Process" 6-28-2023

Goldilocks and Seeds of Wisdom

RJ: Goldilocks posted comments on where we are and what still needs to be done:

On July 1st, 2023, the QFS will begin digital networks interfacing with one another from around the world.

This new monetary system with new monetary policies by mid July will begin forming a new digital market and a new digital banking system.

As new correlated assets begin supporting one another in a standardized collateral-based system, new valuations will begin to take shape as new support levels are formed.

The RV is a process that leads to a date, and not, something that can be pulled out of thin air.

Goldilocks and Seeds of Wisdom

RJ: Goldilocks posted comments on where we are and what still needs to be done:

On July 1st, 2023, the QFS will begin digital networks interfacing with one another from around the world.

This new monetary system with new monetary policies by mid July will begin forming a new digital market and a new digital banking system.

As new correlated assets begin supporting one another in a standardized collateral-based system, new valuations will begin to take shape as new support levels are formed.

The RV is a process that leads to a date, and not, something that can be pulled out of thin air.

LONDON, June 27 (Reuters) - "There's a renewed scramble for copper sitting in London Metal Exchange (LME) warehouses."

Do you hold any copper pennies?

A lot of money is going to be spent on obtaining copper to build infrastructure in the new monetary system.

It pays to save your pennies.

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The call on Q & A on TRUSTs tonight with Bob Lock, Common Law Trusts, Bernnie Besherse, Charitable Religious Trusts, and Texas Snake sharing how he uses trusts was recorded. It will be posted in the Planning Room:

https://t.me/+Uh9VB4bXUQhkO_Dw

Thank you Dinar Recaps

DINARRECAPS8 6/28/23 DINARRECAPS8 6/28/23

Wednesday Evening Iraq Economic News Highlights 6-28-23

The Appearance Of Muhammad Salih Explains The Factors Stabilizing The Purchasing Power Of The Iraqi Dinar

2023.06.28 - Baghdad - Nas The Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, confirmed, on Wednesday, the strength of the quantitative and price monetary policy tools in managing public liquidity, while identifying factors for stabilizing the purchasing power of the Iraqi dinar.

Saleh said in a statement to the official agency, followed by "NAS", (June 28, 2023), that "some are betting on the impossibility of being able to control the levels of local liquidity generated by government spending, especially in the federal general budget 2023, which is based on methods of financing the budget in Iraqi dinars in exchange for returns."

Wednesday Evening Iraq Economic News Highlights 6-28-23

The Appearance Of Muhammad Salih Explains The Factors Stabilizing The Purchasing Power Of The Iraqi Dinar

Oil is mostly in foreign currency, as oil revenues constitute the reserves of the Central Bank of Iraq, which help to intervene in the money market to sterilize local liquidity levels and control them when they rise through the ability to meet the growing demand for foreign exchange.

He added, "The bet is losing on the inability to intervene and control the levels of liquidity in dinars, which will rise with the rise in government expenditures due to the conditions of the compliance platform and the fear of them in meeting the demand for foreign exchange.

Monetary policy and the strength of foreign reserves, which are the highest in the country's financial history, are the only ones that possess the price tools." And the different quantity affects the levels of liquidity that government spending mostly generates.

Adviser To The Sudanese: Approving The Budget Does Not Prevent The Submission Of The Final Accounts

Time: 06/28/2023 Read: 611 times {Economic: Al Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that the final accounts of the financial budgets have not been submitted to the House of Representatives for years.

Saleh told {Euphrates News} agency: "Governmental institutions have not submitted the final accounts for years, and with the approval of the budget law, this does not prevent them from being submitted and audited by the Federal Financial Supervision Bureau, and those accounts are presented to the Council of Ministers and the House of Representatives for the purpose of voting on them."

The House of Representatives approved the financial budget on the 12th of this month, and it was published the day before yesterday, Monday, in the Official Gazette, to enter into force.

Raghad Daham LINK

Al-Shammari: Al-Kadhimi Squandered The Iraqis’ Money On The Communication Pages For The Purpose Of Political Projection

Information / Baghdad.. A member of the legal movement, Ahmed Shahid Al-Shammari, accused, on Wednesday, the former Prime Minister, Mustafa Al-Kazemi, of squandering money and spending it without a constitutional basis, indicating that Al-Kazemi used officers and advisors to work as electronic armies.

Al-Shammari said in an interview with Al-Maalouma Agency, "The former Prime Minister, Mustafa Al-Kazemi, is accused of squandering Iraqi funds in files that are not related to the issues and concerns of the Iraqi people.

" Pointing out that "the former prime minister formed a media team that includes a number of writers and bloggers on social media with the aim of sowing discord,"

and that "all these electronic teams receive huge salaries from the government budget and the Iraqi people's sustenance."

Suhaila Al-Sultani, a deputy from the Al-Fateh Alliance, had confirmed earlier that the Iraqi citizen had not touched a trace on the ground of the funds allocated for energy and improving services during the time of the caretaker government, accusing Al-Kazemi of "squandering" the people's money on fake projects. LINK

Parliamentary Energy: Three Committees Follow Up On Kurdistan's Oil To Ensure Transparency

June 27 Information / Baghdad .. A member of the Parliamentary Oil and Gas Committee, Bassem Al-Gharibawi, confirmed, on Tuesday, the existence of three committees to follow up the oil export file from the Kurdistan region.

Al-Gharibawi said in an interview with Al-Maalouma agency that, "The continuation of the Kurdistan region in selling oil outside the legal frameworks and disrespecting the decision of the Federal Court is unacceptable and we will not allow it."

He added, "The three committees are closely following the oil file, its sale, and how it is exported by Iraq, including the Kurdistan region."

He pointed out that "the Parliamentary Oil, Energy and Natural Resources Committee is determined to follow up the oil file in the Kurdistan region and control oil revenues.

He explained that "the distribution of oil revenues is fair and efficient and gives the budget a high effectiveness to ensure the achievement of the desired goals of the federal government according to the population ratios of the provinces." LINK

HITEX 2023 Conference

Take a look at what HITEX’s guests had to say about the event and technology's importance to the region See what HITEX's panelists have stated about the technology https://hitex.tech/
More https://www.google.com/search?q=HITEX+2023+Conference+See+what+HITEX%27s+panelists+have+stated+about+the+technology&oq=HITEX+2023+Conference+See+what+HITEX%27s+panelists+have+stated+about+the+technology&gs_lcrp=EgZjaHJvbWUyBggAEEUYOdIBCDI4NzdqMGo3qAIAsAIA&sourceid=chrome&ie=UTF-8

Economic Integration Is The Key To Political Stability

WED, 06-28-2023, TAYSEER AL-ASADI Written by: Abbas Al-Sabbagh

The reason for carrying out this integration is because the relative calm enjoyed by the Iraqi affairs and the geopolitical openness to the regional environment played a major role in preparing the atmosphere for drawing a road map in creating the foundations of economic integration with those countries thanks to The calm and balanced policy pursued by the Sudanese government, in addition to the positive neutrality with the combination of parties and not slipping in the mazes of axes for any reason.

And because the government platform (the advertiser) is a service platform for a government that helps described itself as a service, so it is in dire need of what it to implement its promises, and a large part of this endeavor is to proceed with positive Openness that leads to economic integration with the countries of the regional periphery and for the benefit of the Iraqi people.

The closest example of this is the development path project Which was announced recently, not to mention the signing of a large number of memorandums of understanding and cooperation with countries of geopolitical importance such as Egypt, Qatar and others.

https://www-non14-net.translate.goog/public/158110?_x_tr_sch=http&_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

ATFX Launches Operations in Iraq with Ashur Bank Partnership

NEWS PROVIDED BY ATFX 27 Jun, 2023 KUALA LUMPUR, Malaysia, June 27, 2023 /PRNewswire/ -- ATFX, a global leader in online trading, proudly celebrated its momentous one-year anniversary in Jordan and the launch of its operations in Iraq at the prestigious Ritz Carlton hotel in Roberto's.

The first speech at the event was delivered by Joe Li, the Global Chairman of ATFX, resonated with the audience as he acknowledged the remarkable achievements and milestones that ATFX had reached within its first year in Jordan, setting a solid foundation for the future.

Following Mr. Li's address, the Managing Director of ATFX Levant, Mr. Ahmad Disi, highlighted the significance of expanding into Iraq, emphasizing the immense potential of the Iraqi market and the valuable opportunities it presented. The audience was captivated by Mr. Disi's insights into the company's vision and strategies for success in Iraq.

One of the most significant moments of the evening was the signing ceremony between Joe Li and Ziad Fatayer, the CEO of Ashur Bank. This landmark agreement solidified the partnership between ATFX and Ashur Bank, symbolizing a commitment to mutual growth and shared success in the Iraqi market.

Acknowledging the collective efforts that made this milestone possible, ATFX presented awards to all the individuals and teams involved in the successful establishment. These awards recognized their unwavering dedication, hard work, and invaluable contributions to the company's growth and prosperity.

The one-year anniversary celebration in Jordan and the launch of Iraq mark significant milestones in the company's growth, positioning ATFX Levant as a key player in the global online trading industry.

ATFX

ATFX is an award-winning currency pairs/CFD broker with a global presence offering customer support in over 15 languages. With over 300 tradable financial assets, including currency pairs, precious metals, energy, indices, and shares traded as CFDs, ATFX is regulated by the UK's Financial Conduct Authority (FCA), the Cyprus Securities and Exchange Commission (CySEC) in Cyprus, the Financial Services Commission (FSC) in Mauritius, and the Financial Services Authority (FSA) in Saint Vincent and the Grenadines. (ATFX Website: https://www.atfx.com) SOURCE ATFX

https://www.prnewswire.com/news-releases/atfx-launches-operations-in-iraq-with-ashur-bank-partnership-301863817.html

Diyala .. Governmental Demands To Reconsider The Provisions Of The Investment Law To Attract Investment Tourism

Wednesday 28, June 2023 14:12 | General Number of readings: 195 Baquba / NINA / The District Commissioner of Baquba Abdullah Al-Hayali attributed the reasons for the decline of the tourism sector in Diyala to the provisions of the investment law.

Al-Hayali told the correspondent of the National Iraqi News Agency ( NINA ) that the investment law is still an obstacle for investors, which requires a reconsideration by the federal government of its provisions and work to implement concessions that attract investment tourism.

He added that Diyala includes strategic tourist sites, including Lake Hamrin and Saddat Al-Sudur, northeast of Baquba, if invested properly, it is qualified to be distinguished green tourist areas due to the presence of tourism elements of abundant water and fertile lands.

For his part, the District Commissioner of Muqdadiya / Agency / Hatem Al-Tamimi confirmed that Diyala Governorate did not have real investment opportunities that put it in the tourism competition, due to the dependence of local administrations on limited budgets that are divided into basic service areas. Part of it is invested in simple and primitive tourism projects that include parks and gardens that do not live up to the ambition of the people of the province.

He pointed out that the advancement of tourism in Diyala depends on government investments, and local governments do not have a real interest in the tourism sector, despite the investors' pursuit of economically productive sites in the province./ End To receive more news,

https://ninanews-com.translate.goog/Website/News/Details?Key=1061982&_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en

Dinar Recaps 20 6/28/23 Dinar Recaps 20 6/28/23

MilitiaMan " Iraqi Dinar -ATFX- Global Leader in - Currency Pairs - Iraq - Phone"

Iraqi Dinar -ATFX- Global Leader in - Currency Pairs - Iraq - Phone

MiltitiaMan and Crew: 6-28-2023

The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

The 2023,24,25 budget is in play.

Be sure to listen to entire video for all the news….

Iraqi Dinar -ATFX- Global Leader in - Currency Pairs - Iraq - Phone

MiltitiaMan and Crew: 6-28-2023

The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

The 2023,24,25 budget is in play.

Be sure to listen to entire video for all the news….

https://www.youtube.com/watch?v=c94ScmjL3B8

Dinar Recaps 20 6/28/23 Dinar Recaps 20 6/28/23

Goldilocks "Our new monetary system is about to become official, and it begins next month."

Goldilocks and Seeds of Wisdom

RJ: Good afternoon Dinar Recaps,

Goldilocks posted comments and links this morning:

Investors shift their focus to Powell's upcoming speech on Wednesday | Kitco News

Jerome Powell is expected to give us an assessment of where we are with inflation today.

After pausing interest rates, he is expected to share with us more interest rates going higher and closing this down before the end of the year with a possible cut in interest rates.

This pause gave him some time to assess where we are in the old economy and project where we are going in the new one.

He's expected to give a talk today.

Goldilocks and Seeds of Wisdom

RJ: Good afternoon Dinar Recaps,

Goldilocks posted comments and links this morning:

Investors shift their focus to Powell's upcoming speech on Wednesday | Kitco News

Jerome Powell is expected to give us an assessment of where we are with inflation today.

After pausing interest rates, he is expected to share with us more interest rates going higher and closing this down before the end of the year with a possible cut in interest rates.

This pause gave him some time to assess where we are in the old economy and project where we are going in the new one.

He's expected to give a talk today.

https://www.kitco.com/commentaries/2023-06-27/Investors-shift-their-focus-to-Powell-s-upcoming-speech-on-Wednesday.html

We finally have digital asset clarity. A bill has been drafted, proposed, and given this week to be voted upon.

This bill will serve as our new digital-asset-based trading system going forward.

It provides clarity between the CFTC and the SEC on areas whereby each has been given authority to secure this new bill.

Below is the place you will find this new bill seeking to become law. Once it is approved, you will see announcements come out early next month.

Our new monetary system is about to become official, and it begins next month.

~~~~~~~~~~

☝️Digital Asset Market Structure and Investor Protection Act
This bill generally addresses the regulatory treatment of digital assets and digital asset securities.

The bill grants the Commodities Futures Trading Commission authority over digital assets, which (1) are created electronically or digitally through software code; (2) are programmed with rules that govern the creation, supply, ownership, use, and transfer of the asset; (3) have a secure transaction history; and (4) are capable of being transferred through a decentralized method without an intermediate custodian.

Additionally, the bill grants the Securities and Exchange Commission authority over the regulation of digital asset securities, digital assets that provide the holder with (1) equity or debt interest in the issuer, (2) rights to certain payments from the issuer, (3) voting rights in the major corporate actions of the issuer, or (4) liquidation rights in the event of the issuer's liquidation.

Digital assets and digital asset securities are subject to the Bank Secrecy Act for anti-money laundering, reporting, and recordkeeping purposes.

The Board of Governors of the Federal Reserve System may issue digital currency. However, digital assets, digital asset securities, and fiat-based stablecoins (a digital asset pegged to the U.S. dollar or other fiat currency) are not U.S. legal tender.

Digital asset fiat-based stablecoins must be registered with and approved by the Department of the Treasury.

Digital assets shall not be covered by the Federal Deposit Insurance Corporation and the National Credit Union Administration depository insurance.

The Financial Crimes Enforcement Network must issue rules regarding the use of anonymizing services and other anonymity-enhanced convertible virtual currency services.

~~~~~~~~~~

Our CBI Banker let us know this morning that a rate change for the Iraqi Dinar has not happened YET.

© Goldilocks

~~~~~~~~~~

"MicroStrategy is an enterprise business intelligence (BI) application software vendor. Its flagship platform contains multiple features designed to help enterprises make data-driven decisions and optimize business processes."

Here it comes. More liquidation taking place for the new digital asset-based trading system.

This software vendor will distribute the Bitcoin Network across all sectors of the digital markets.

~~~~~~~~~~

"Project Guardian is MAS' collaborative initiative with the financial industry to test the feasibility of applications in asset tokenisation and decentralised finance. MAS also announced an expansion of Project Guardian to test the potential of asset tokenisation across more financial asset classes.1 day ago"

MAS Proposes Digital Asset Framework, Expands Project Guardian Scope | Fintech Singapore
https://fintechnews.sg/75542/digitalassets/mas-proposes-digital-asset-framework-expands-project-guardian-scope/

~~~~~~~~~~

It looks like Project Guardian is expanding into other countries.

This Project is responsible for tokenizing assets.

This Project Guardian started in Singapore and has expanded into Japan.

Next stop...

~~~~~~~~~~

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline

Goldilocks' Telegram Room

https://t.me/+YU9UrHLxFbszOTJh

Goldilocks on the Seeds of Wisdom Team Website

https://www.seedsofwisdomteam.com/

Free Q & A on TRUSTs tonight with Bob Lock, Common Law Trusts, Bernnie Besherse, Charitable Religious Trusts, and Texas Snake sharing how he uses trusts. The call will be live tonight at 7 pm EDT, 6 pm CDT in the Planning room and you can post questions ahead of time also in the Planning room here:

https://t.me/+Uh9VB4bXUQhkO_Dw

Thank you Dinar Recaps

DINARRECAPS8 6/28/23 DINARRECAPS8 6/28/23

Iraqi News Highlights Wednesday Afternoon 6-28-23

Tlm724 Administrator Bondlady’s Corner

'Plasschaert' Congratulates The Iraqis On Eid Al-Adha And Invites Them To Unite To Promote Stability

Iraq Wednesday, 28 June 2023 Baghdad / National News Center Today, Wednesday, the UN representative, Jeanine Plasschaert, congratulated the Iraqis on Eid al-Adha, while calling for solidarity to enhance the country's stability.  

"Eid al-Adha is an opportunity for people to come together and celebrate, and in this spirit, I hope that all Iraqis will join hands to promote stability in the country and bring prosperity to all," Blaskhart said in a tweet.

Iraqi News Highlights Wednesday Afternoon 6-28-23

Tlm724 Administrator Bondlady’s Corner

'Plasschaert' Congratulates The Iraqis On Eid Al-Adha And Invites Them To Unite To Promote Stability

Italian Ambassador To Iraq: We Have Provided Private Funding For The Rehabilitation Of The Mosul Dam

The Ambassador of the Republic of Italy to Iraq, Maurizio Cricanti, confirmed that there is great cooperation with the Iraqi government in the field of water and its management.

Kricanti told the Iraqi News Agency: "The Italian government funded the rehabilitation of the Mosul Dam and made a great achievement in relation to this dam, as the Italian Trevi company carried out this work," noting that "we have funded this project in cooperation with the United Nations Industrial Development Organization (UNIDO)," We have strengthened the safety of dams in Iraq."

He added, "The Italian government also helped establish the National Dam Safety Department in the Ministry of Water Resources," stressing that "this cooperation is great and fruitful with the Iraqi government, Minister of Water Resources, Awn Dhiab, and the ministry in general to work in the field of water and its management." https://www.radionawa.com/all-detail.aspx?jimare=34878

Disclosure Of The Volume Of Iraq's Oil Exports To America During The First Quarter Of 2023

Energy Economy News _ Baghdad The US Energy Information Administration announced today, Wednesday, that Iraq's oil exports to America amounted to more than 35 million barrels during the first quarter of 2023.

The administration said in a table seen by "Al-Iqtisad News", that "Iraq's exports of crude oil and its products to America during the first quarter of the year 2023 and starting from January, February and March amounted to 35.038 million barrels, an increase of 40% over the same period in the year 2022, which amounted to Oil exports to America amounted to 20.999 million barrels, an increase of 69% compared to the same period in 2021, in which oil exports to America amounted to 10.868 million barrels.

And she added, "The highest rate of oil exports to America during the first quarter of the year 2023 was in February, when it amounted to 12.168 million barrels, while the lowest rate of oil exports was for the month of March, when it amounted to 11.394 million barrels."

Iraq exports nearly 10% of its oil exports to America, and Iraq is considered among the top ten exporting countries to America, along with Canada, Mexico and Saudi Arabia.

30 views 06/28/2023 - https://economy-news.net/content.php?id=34928

Oil Rises After A Drop That Exceeded Expectations For US Crude Inventories

Economy | 09:09 - 06/28/2023 Baghdad - Mawazine News Oil prices rose on Wednesday, amid fears of a tight supply in the United States, the world's largest oil consumer, after data showed a larger-than-expected drawdown in its crude oil and gasoline inventories.

Brent crude futures rose 51 cents, or 0.7%, to $72.77 a barrel. At 04:10 GMT, West Texas Intermediate (WTI) crude futures rose 49 cents, or 0.7%, to $68.19 a barrel.

Both contracts fell about 2.5% in the previous session amid signs that central banks may not stop raising interest rates.

Crude stocks fell by about 2.4 million barrels in the week ending June 23, according to market sources, citing data from the American Petroleum Institute, and gasoline stocks fell by about 2.9 million barrels.

This comes after a clash between Moscow and the Russian mercenary group, Wagner, raised concerns about possible disruption to oil supplies, and as markets await Saudi Arabia's pledge to cut oil production starting in July.

On the demand front, European Central Bank President Christine Lagarde said on Tuesday that stubbornly high inflation will require the bank to avoid announcing an end to interest rate hikes. Higher interest rates could affect economic activity and demand for oil.

Washington Announces The Volume Of Its Aid To Iraqi Businessmen And Companies

Iraq Tuesday, June 27, 2023 Baghdad / The National News Center The United States of America announced today, Tuesday, the size of its contributions and assistance to Iraqi entrepreneurs and companies.

The US Ambassador to Baghdad, Elena Romanowski, said in a tweet, followed by the National News Center: “On World Small Business Day, we highlight the importance of supporting economic opportunities for Iraq,” as the United States contributed to the business development of about 6,000 entrepreneurs and small and medium companies. since 2020”. https://nnciraq.com/213304/

https://www.mawazin.net/Details.aspx?jimare=230215

Iraq Is The Fourth Arab Country In Terms Of Industrial Output

Economy Wednesday, June 28, 2023 1:05 PM Follow-up / National News Center

A report by the Information and Decision Support Center in the Egyptian Council of Ministers stated that Egypt ranks third in the Arab world and 30th globally in terms of industrial output, with a value of $124.4 billion, followed by Iraq, Qatar and Algeria, according to 2021 statistics.

As for the industrial output in the Arab countries in 2021; Saudi Arabia topped the list of Arab countries, and 13th in the world in terms of industrial production, with a value of $379.4 billion, followed by the UAE, second in the Arab world and 17th in the world, with an industrial production value of $197.1 billion.

According to the latest data of the World Bank, the global industrial output increased by about 19.3% in 2021, to reach about $26.6 trillion, representing about 28% of the global gross product, compared to global industrial output levels of about $22.3 trillion recorded in 2020, in which it declined.

Industrial output levels as a result of the repercussions resulting from the “Corona” pandemic, and with the contribution of high-income countries to industrial output estimated at 51.5% in 2021, equivalent to about $13.7 trillion. https://nnciraq.com/213398/

The Exchange Rates Of The Dollar Against The Iraqi Dinar

Market Economy News _ Baghdad Al-Eqtisad News publishes the exchange rates of the dollar against the Iraqi dinar in the Iraqi local markets for Wednesday, June 28, 2023.

In Baghdad: The buying price of the dollar is 148,500 per 100 dollars, the selling price of the dollar is 146,500 per 100 dollars

In the north: The buying price of the dollar is 148,250 per 100 dollars, the selling price of the dollar is 146,250 per 100 dollars

In the south: The buying price of the dollar is 148,500 per 100 dollars, the selling price of the dollar is 146,500 per 100 dollars

41 views 06/28/2023 - https://economy-news.net/content.php?id=34931

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

Bond Ladys Corner

Dinar Recaps 20 6/28/23 Dinar Recaps 20 6/28/23

"Tidbits From TNT" Wednesday AM 6-28-2023

TNT:

CandyKisses: Shiite authority sets today the first day of Eid al-Adha

Baghdad – Nas

Shiite cleric Kamal al-Haidari set Wednesday as the first day of Eid al-Adha.

Al-Haidari's office said in a statement seen by "Nas", (June 28, 2023), "Wednesday, 28/6, is the first day of Eid al-Adha, according to the jurisprudential building of His Eminence the religious authority, Ayatollah Sayyid Kamal al-Haidari."

He added, "We send all Muslims the highest congratulations and blessings on the occasion of the advent of the feast of slavery, Eid al-Adha, may God Almighty return it to us and all Muslims in Yemen, goodness and blessings, and every year you are fine."

TNT:

CandyKisses: Shiite authority sets today the first day of Eid al-Adha

Baghdad – Nas

Shiite cleric Kamal al-Haidari set Wednesday as the first day of Eid al-Adha.

Tishwash: Money exchange: “strong withdrawal” of 5 !thousand dinars

Shops and exchange companies are witnessing an unprecedented demand for the .five thousand dinars category, in the first hours of Eid Al-Adha

Miqdad Rasim - owner of a money exchange in Baquba

Most exchange companies began witnessing, since yesterday, a demand for the five thousand dinars category, as many employees whose salaries were spent during the past hours preferred to withdraw large portions of them in the form of ”.“fives Many customers asked for varying amounts, between $50 and $100, to be .exchanged for“fives,” and some asked for tens The demand for“fives” in preparation for the feast, as it is the category most ”.used by the middle class as “feasts

:Mustafa Al-Zuhairi - citizen

This afternoon I went to a store in the Tahrir neighborhood and cashed 100,000 .dinars and put them in the wallet for tomorrow's Eid holidays I have two brothers and two sisters, and their children total 11 children, in addition to relatives. If I want to give an amount of more than 5,000 to each, as happened on Eid al-Fitr, my salary will not be enough to complete the month, so I do not .want to repeat the mistakes of the previous Eid link

GodsGrace2: Loving the story about the 5k notes…Tony always talked about them releasing the smaller denoms in country as something we were waiting for. I know I've been away a while but he used to talk about them releasing the smaller notes in country as being a sign

GodsGrace2: I'm taking it as a good sign. Unprecedented demand in the area of money being given away is a good sign to me. Seems like it's one thing for the mucketty mucks to start spending money and buying planes, but when it's passed down and the people start doing releasing what they've been holding on to, it sounds like a good thing

Pearle: So have they been using the lower denominations?

GodsGrace2: Pearl, one of the sentences says many customers asked for varying amounts, between $50 and $100, to be .exchanged for“fives, Are those or are they not lower denoms?

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

Tishwash: ATFX Launches Ops in Iraq with Ashur Bank

UK-based online trading and foreign exchange company ATFX has announced the start of operations in Iraq, in partnership with Iraq's Ashur Bank.

The agreement was signed in Jordan by Joe Li, Global Chairman of ATFX, and Ziad Fatayer, the CEO of Ashur Bank.

Speacking at the event, Managing Director of ATFX Levant, Mr. Ahmad Disi, highlighted the significance of expanding into Iraq, emphasising the immense potential of the Iraqi market and the valuable opportunities it presented. link

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

Tishwash: What is the central bank aiming at by merging exchange companies?

The Central Bank of Iraq aims, through the merger of exchange companies under category A and B, to strengthen the supervisory role, as the importance of the merger is highlighted by the repercussions of the presence of large numbers of exchange companies in an unregulated economic sector, and the importance of merging companies to reduce their numbers on the one hand and raise the level of their organization on the other hand.

Merger is one of the most important steps that can be taken to enhance control over exchange companies and improve their financial performance, which helps them overcome the difficulties and problems they suffer from.

From the above, companies must be classified, for the purpose of showing the efficiency of the company with all its regulatory departments, the extent of its commitment and granting it advantages over other companies.

There is an example of these privileges that the Central Bank is supposed to grant to companies committed to banking standards:

1/ Promoting the transactions submitted by the company in record time compared to the remaining companies

2/ Increasing the share of the weekly auction

3/ Directing letters of thanks and appreciation to the company

4/ Contracting companies with exchange companies Foreign and granting them part of the foreign transfers of citizens. link

Mot . ooooh..... ooooh..... ooooh..... ((( Uve been warned )))

Mot: ... A Piece of Ancient History was Found in da Creek!!! ~~~~

Dinar Recaps 20 6/28/23 Dinar Recaps 20 6/28/23

Awake-In-3D: The Truth About the Kuwaiti Currency “RV” in 1991

Awake-In-3D:

The Truth About the Kuwaiti Currency “RV” in 1991

On June 27, 2023 By Awake-In-3D

I took the opportunity to research the Kuwaiti Dinar (KWD) history both during and after the Iraqi invasion. It was not an easy task. I was surprised to uncover the truth about what really happened to the KWD and how it was not revalued as many people in Dinar Land believe.

The Technical Definition of a Currency Revaluation (RV)

A revaluation is a calculated upward adjustment to a country’s official exchange rate relative to a chosen baseline, such as wage rates, the price of gold, or a foreign currency.

In a fixed exchange rate regime, only a decision by a country’s government, such as its central bank, can alter the official value of the currency. Developing economies are
more likely to use a fixed-rate system in order to limit speculation and provide a stable system.

Awake-In-3D:

The Truth About the Kuwaiti Currency “RV” in 1991

On June 27, 2023 By Awake-In-3D

The Technical Definition of a Currency Revaluation (RV)

A revaluation is a calculated upward adjustment to a country’s official exchange rate relative to a chosen baseline, such as wage rates, the price of gold, or a foreign currency.

A floating rate is the opposite of a fixed rate.

In a floating rate environment, revaluation can occur on a regular basis, as seen by the
observable fluctuations in the foreign currency market and the associated exchange rates.

For example, the U.S. had a fixed exchange rate to gold until 1971 when President Richard Nixon removed the United States from the gold standard and introduced a floating rate system. Furthermore, China’s currency had an internally fixed currency rate until 1995 when they revalued the Yuan, in a hybrid float/peg to the US Dollar in order to “maintain “manage” a low exchange rate to the Dollar to create low export prices of goods made in China.

Black Market Use of KWD

Certainly, the KWD was, and continues to be, the strongest currency in the world, trading at nearly $3.00 to 1 KWD before the Iraqi invasion in 1990. However, after the Iraqi forces invaded and occupied Kuwait, Saddam Hussein outlawed the use of the KWD in the country and declared the Iraqi dinar as the official currency of Kuwait. This meant that any Kuwaiti citizen caught using the KWD could be arrested.

Despite the ban on KWD, it continued to be available, albeit in a limited capacity, to Kuwaiti citizens via the local black market. They did not discard or destroy their KWD notes. The US dollar was also used locally as an intermediate trading currency, and this led to the KWD being sold on the black market for as low as $.05-$.10 per US dollar.

Consequently, United States military personnel, its allies, and private contractors were able to acquire “cheap”, pre-invasion KWD (Series 3 notes) locally during a brief transition period as they expelled Iraqi forces and assisted the reinstatement of the lawful Kuwaiti government.

Kuwait Issued a New Currency Note Series After Liberation from Iraq

After the expulsion of Iraqi forces, the Kuwaiti government released a new fourth series of KWD notes and allowed citizens to turn in their older KWD notes at a one-to-one value of the new KWD notes. This meant that anyone who held the previous KWD series notes, purchased at the black market rate, made a substantial profit when exchanging the old notes for the new ones, which they could then exchange for about $2.95 per KWD.

It is important to note that the KWD was never revalued (RV’d). The international exchange rate of the KWD was never below $2.90 during the crisis according to IMF exchange rate archives. There was no need for economic reforms, such as a currency RV, given that Kuwait has traditionally operated a very stable economy and was not economically sanctioned by international financial institutions or governments.

Misconceptions About the KWD “Revaluation”

It is surprising how the misconception of a Kuwaiti currency RV is so widely accepted. The truth is that Kuwaiti citizens, United States military personnel, its allies, and private contractors all made substantial profits by exchanging old, black market KWD Series 3 notes for new Series 4 notes. This fact is often overlooked when the financial impact of the Iraqi invasion on Kuwait is discussed.

The Gulf War did have an impact on the KWD exchange rate internationally. The Iraqi invasion led to the KWD’s depreciation to about $2.91 per KWD according to official archives by the International Monetary Fund. However, the KWD remained a relatively stable currency throughout the crisis and continued to be a valuable currency after the liberation of Kuwait.

The table below provides a summary of the KWD exchange rate from 1986 to 1995. It shows that at no point did any “Kuwaiti RV” or a substantial change in value or correction take place. The KWD did not fluctuate internationally in value by more than about 4% from Series 3 notes in pre-war 1989 to Series 5 notes in 1995.

Official IMF KWD Exchange Rates from 1989 to 1995:

Year USD/KWD Exchange Rate

1989 (Series 3 notes in circulation) $2.94

1990 (Iraqi invasion) $2.91

1991 (Kuwait liberated and Series 4 notes issued) $2.89

1992 $2.93

1993 $3.01

1994 $2.98

1995 (Series 5 notes issued) $2.98

Conclusion

The data above shows that the KWD exchange rate did not fluctuate significantly during the Gulf War crisis. The international exchange rate of the KWD was never below $2.90 during the crisis. After the liberation of Kuwait, the Kuwaiti government released a new fourth series of KWD notes and allowed citizens and foreign personnel to exchange old KWD notes for new ones at a one-to-one value. The KWD remained a stable currency throughout the crisis and continued to be a valuable currency after the liberation of Kuwait.

My research into the Kuwaiti Dinar both during and after the Iraqi invasion revealed that it was never revalued as widely reported. Instead, the Kuwaiti government reissued its currency notes, allowing the old notes to be exchanged for the new notes at a one-to-one value locally. A very low, black market rate of KWD to US dollar, allowed many individuals to make substantial profits when exchanging the old, low priced notes for new notes at the prevailing high exchange rate.

Awake-In-3D | GCR RealTimeNews

https://ai3d.blog/the-truth-about-the-kuwaiti-currency-rv-in-1991/

DINARRECAPS8 6/28/23 DINARRECAPS8 6/28/23

Wednesday Morning Iraq Economic News Highlights 6-28-23

Disclosure Of The Volume Of Iraq's Oil Exports To America During The First Quarter Of 2023

2023-06-28 Shafaq News/ The US Energy Information Administration announced, on Wednesday, that Iraq's oil exports to America amounted to more than 35 million barrels during the first quarter of 2023.

The administration said in a table seen by Shafaq News Agency that "Iraq's exports of crude oil and its products to America during the first quarter of the year 2023 and starting from January, February and March amounted to 35.038 million barrels, an increase of 40% over the same period of the year 2022, which amounted to oil exports." America has 20.999 million barrels, an increase of 69% compared to the same period in 2021, in which oil exports to America reached 10.868 million barrels.

Wednesday Morning Iraq Economic News Highlights 6-28-23

Disclosure Of The Volume Of Iraq's Oil Exports To America During The First Quarter Of 2023

2023-06-28 Shafaq News/ The US Energy Information Administration announced, on Wednesday, that Iraq's oil exports to America amounted to more than 35 million barrels during the first quarter of 2023.

Iraq exports nearly 10% of its oil exports to America, and Iraq is considered among the top ten exporting countries to America, along with Canada, Mexico and Saudi Arabia. LINK

The Exchange Rates Of The Dollar Against The Iraqi Dinar From North To South

Economy 2023-06-28 | 4,592 views Al-Sumaria News – Local Al-Sumaria News publishes the exchange rates of the dollar against the Iraqi dinar in the Iraqi local markets for Wednesday, June 28, 2023.

In Baghdad: The buying price of the dollar is 148,500 per 100 dollars, the selling price of the dollar is 146,500 per 100 dollars

In the north: the buying price of the dollar is 148,250 per 100 dollars, the selling price of the dollar is 146,250 per 100 dollars

In the south: the buying price of the dollar is 148,500 per 100 dollars, the selling price of the dollar is 146,500 per 100 dollars LINK

British Report: Iraq Is Able To Break The Cycle Of Corruption And Use Its Wealth For A Better Future

2023-06-27 | 918 views Alsumaria News – Translation The British newspaper "The National" said today, Tuesday, June 27, 2023, that it is entirely possible for Iraq to break the cycle of corruption and use its wealth and resources for a better future for its people.

The newspaper stated in a report seen by Alsumaria news, that "many countries have faced the scourge of corruption, but few are suffering from it more than Iraq, as it is ranked 157 out of 180 countries in the list of corruption issued by Transparency International last year.” He added, “Iraq is witnessing growth in fiscal revenues, mostly thanks to the important oil sector, but there is more wealth to be targeted.”

According to the report, on Sunday, a prominent Iraqi official responsible for post-war reconstruction was relieved of his duties on suspicion of corruption, as expulsion is considered Mohammed Al-Ani, the head of the fund that It is run by the state and responsible for rebuilding areas damaged by the war against ISIS, the first for a senior government official since he took overSudaneseHe took office in late October.

He continued, "According to research he conducted Brookings Institution According to research released in April, the United States has "dispersed unregulated and uncontrolled funds into numerous projects, unleashing in the process a thirst for graft and easy money at nearly every level of government, and even in civil society organisations."

He added, "Many ordinary Iraqis despair of the problem of corruption in the country and blame its political parties. Movements aimed at thwarting violations and punishing those responsible for expropriating funds allocated for development are welcomeIraqHowever, any perception that anti-corruption is being used to settle personal scores may cement public disillusionment with the political class.

The report stressed that "despite the inherent nature of corruption inIraqHowever, there are ways for those who care about transparency and fairness to deal with the worst of it. Building a strong civil society network of lawyers, judges, journalists, and academics can be one way to expose, highlight, and combat corruption.

The report pointed out that other countries have accused corruption and won. In 1995,Indonesiaranked last in Transparency International's index. Last year it was ranked 110 out of 180 countries. This improvement is due in part to the state's establishment in 2002 of the Corruption Eradication Commission, a body with powers to detect wrongdoing.

The report indicated that despite these successes, there is no single solution. Those who stand up to corruption often face a long, dangerous, and lonely struggle. But no country is destined to endure endemic corruption forever. The tools exist if politicians and law enforcement officials have the will to use them. It is entirely possible for Iraq to break the cycle of corruption and use its wealth and resources for a better future for its people. LINK

https://economy-news.net/vrsfls/cntnt/pctr/14601.jpg

Government: The expected cost of the development road is $17 billion

Money and business Economy News – Baghdad Today, Tuesday, the government spokesman, Basem Al-Awadi, identified the most important strategic projects that the government intends to implement, and while detailing in numbers what has been included in the investment budget, it is expected that most of the costs related to the development road project will be covered through Arab, regional and foreign investments.

Al-Awadi said, “What is stated in the government program is binding on the government to implement, and Chapter 22 of it related to the implementation of strategic projects includes 4 paragraphs that include completing the implementation of the great Faw project and establishing the road and rail network for the Dry Canal, which the government called (the development road project) by linking neighboring countries with a port.” FAO".

He added, "The third point includes the establishment of a transformative plant for desalination of sea water in Basra, and fourthly, the development of integrated plans to start announcing investment projects and promoting the refineries and petrochemical industries sector."

And he continued, "The budget has allocated 47 trillion Iraqi dinars for the investment side, as 147 billion has been allocated to rehabilitate large hospitals in all governorates, 400 billion to implement the water desalination project in Basra, 600 billion to implement the fourth ring road project, 300 billion for infrastructure projects in Diwaniyah, and 107 billion to implement a project." Al Nebras Petrochemical Industries.

He stressed, "The allocations also included 280 billion dinars for the maintenance of power plants, a trillion dinars for the Development Fund, and 500 billion for the poorest governorates, as well as the allocation of sums for large investments through the path of development, the implementation of strategic projects, and the movement of lagging projects since the year 2005-2006, which amounted to more than 1450 projects that have been moved." And dealing with 450 of them during only 8 months of the life of the current government.

He pointed out that "the expected cost of the development path will reach 17 billion dollars, and we expect it to be covered by what will be allocated in the next year's budget, the date of its launch, and also through investments, and during the visit of the Emir of Qatar, Tamim bin Hamad Al Thani, the project was one of the most important issues that were discussed, and Qatar is open to contributing and we are Also, we are awaiting bids from a group of regional and other European countries, as well as China and the International Monetary Fund, and there is a conviction from the project supervisors that it covers a large part of the amount through investments. 06/27/2023 - https://economy-news.net/content.php?id=34924

Iraq Is The Fourth Arab Country In Terms Of Industrial Output

Time: 06/28/2023 Read: 1,560 times {Economic: Al Furat News} Iraq ranked fourth among Arab countries in terms of industrial output.

According to the latest World Bank data, Iraq came fourth in industrial output, after Egypt, which ranked third in the Arab world and 30th in the world, with a value of $124.4 billion.

Iraq was followed by Qatar and Algeria, according to the 2021 statistics.

According to World Bank data, the global industrial output increased by about 19.3% in 2021, to reach about $26.6 trillion, which represents about 28% of the global GDP, compared to global industrial output levels of about $22.3 trillion recorded in 2020, in which levels decreased. Industrial output as a result of the repercussions resulting from the “Corona” pandemic, and with the contribution of high-income countries to industrial output estimated at 51.5% in 2021, equivalent to about $13.7 trillion. LINK

Electricity Is Looking With A Leading Chinese Company To Manufacture Smart Meters And Meters

Time: 06/28/2023 Read: 754 times {Local: Al Furat News} The Ministry of Electricity and a leading Chinese company in the field of energy discussed the establishment of smart meters and meters.

A statement of the ministry, which {Euphrates News} received a copy of, stated, "The Undersecretary for Transport and Distribution Affairs, Nizar Qahtan Al-Tamimi, met with a delegation of the East China Company for Engineering and Technology Sciences, which is a Chinese government company, and one of the main formations of CNCEC in China."

The statement pointed out that the company "is considered one of the largest Chinese companies specialized in the field of chemicals and engineering works for power stations, and it also works to design and develop distribution networks, and it has international models that are being discussed in the markets regarding smart meters and meters."

Al-Tamimi indicated that "we have wide work spaces with Chinese companies, especially within the framework of the Iraqi-Chinese strategic framework agreement, where work has taken place on important projects and work is underway to achieve strategic partnerships in the light of the agreement, and that the ministry is working on smart transformation of the network and orientation for automation and governance."

The statement noted that China East Company expressed its desire to cooperate with the ministry and achieve a transformation in the light of advanced Chinese technologies and the development of the electricity sector. LINK