MilitiaMan: IRAQ DINAR - Global Financial System - Liquidity = INTERNATIONAL EXCHANGE RATE

IRAQ DINAR - Global Financial System - Liquidity = INTERNATIONAL EXCHANGE RATE

MilitiaMan and Crew:  9-20-2023

The Crew:  Samson, PompeyPeter, Petra, Angel1,  Daytrader, Sunkissed, GIGI and Militia Man

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

https://www.youtube.com/watch?v=WZNkMZp7YHk

Goldilocks' Comments and Global Economic Evening News for September 20th

Goldilocks' Comments and Global Economic Evening News for September 20th

Good evening Dinar Recaps,

Several Quantum Technologies are interfacing today. The digital networks around the world are beginning to connect with one another for trade and payment systems.

This is an important day in history as Protocol 20 is tested for the next 6 weeks. Votes will be taken on the success of each Network interface and more from around the world.

The first link I am going to share with you is a dashboard, so you can follow the process of Protocol 20 as it comes online this morning. The other links share companies linking together today from around the world.   The world as we know it is changing.

© Goldilocks

Stellar Dashboard Link

Air Cargo News Link

Trade Finance Global Link

Post and Parcel Link

Trade Finance Global Link 2

The Paypers Link

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UST IN: Apple explores launching built-in stock trading on iPhones.

@WatcherGuru

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We are going to see several announcements going forward regarding Quantum Technologies joining together in ways they have never done so before.

Global Companies will be able to join digital networks allowing them to exchange goods and services and money at the push of a button within seconds.

My understanding is that Protocol 20 is up and running, and the test net portion of it will begin at 10:00 a.m. CST.

© Goldilocks

The Federal Reserve (FED) recently disclosed the launch of its dedicated instant payments division within the FedNow system. This revelation has sparked considerable interest in the financial markets, as it appears that an official report has highlighted the importance of Ripple crypto (XRP) in the context of instant payments. 

https://en.cryptonomist.ch/2023/09/19/fed-role-ripple-xrp-crypto-instant-payments/

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Broadridge has announced the immediate availability of its connectivity to Swift’s API for Transaction Screening Service, and also for Swift’s newly launched Securities View service.

According to Broadridge, financial firms and corporate treasuries will be able to optimise sanctions compliance and transform their oversight and tracking of the securities lifecycle.

Electronic Payments International Link

https://www.broadridge.com/

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DTCC, Clearstream, Euroclear Call For Industry Cooperation To Support Digital Asset Ecosystem 

Crowdfund Insider Link

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"The iron law in the trillion-dollar FX swaps market has broken. What now?"

Supply and demand for the dollar is fluctuating. In some cases, foreign currency exchanges on the Forex swap Market have broken down.

New demands are forming for other currencies around the world, and new electronic mechanism adjustments are underway for new price patterns going forward.

The Forex Market is growing rapidly. Foreign currency exchanges will form new price patterns going forward.

At this time, we are witnessing the merging of assets being tokenized and supported by commodities. It is a process moving through the financial system as we speak, but the timing of it's completion will be revealed in time.

Watch the process of Protocol 20, new Basel 3 requirements for banks, repricing event for the commodity Market, and adjustments to the new digital-asset-based trading system.

© Goldilocks

Retail Banker International Link

Survey: Banks Prioritize Compliance When Vetting Fintech Partners 

DSNews Link

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Digital Dollar Bill Resurfaces in Congress 

TSG Link

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The new QFS requires assets to have real values, so it can measure outcomes with accuracy.

This is what will create the speed we are looking for in the new digital economy.

Real values support operability, speed, and accuracy.

The Global Currency Reset is underway, but it is a process and not a push of a button.

The time to pay closer attention to our investments is now, but it will not happen all in one day until the day it is finished.

© Goldilocks

The new QFS requires assets to have real values, so it can measure outcomes with accuracy.

This is what will create the speed we are looking for in the new digital economy.

Real values support operability, speed, and accuracy.

The Global Currency Reset is underway, but it is a process and not a push of a button.

The time to pay closer attention to our investments is now, but it will not happen all in one day until the day it is finished.

© Goldilocks

Sibos 2023: You can’t manage what you can’t measure – the role operational data will play in the successful transition to T+1
FinTech Futures Link

Sibos 2023: The era of instant payments - global banks must turn to the latest technology - FinTech Futures

FinTech Futures Link

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Another warning on US Treasury market instability

The Bank for International Settlements (BIS) has warned that the $22 trillion US Treasury market could be headed for another episode of major turbulence because of highly leveraged hedge fund bets.

“Speculative positions by leveraged investors are back,” it said. Bets by hedge funds were creating conditions similar to those that led to turbulence in September 2019 and a major crisis in March 2020.

https://www.wsws.org/en/articles/2023/09/20/cjiz-s20.html

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The FOMC meeting is today.

If we do not see a rate hike today, it could signal weakness in the market to people who invest in it.

There are many factors besides this one, but the decision made today is a big one.

Let's see what happens.

Let the volatility begin.

© Goldilocks

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WHAT’S UP
Fed Decision Looms Large; Largest Crypto Loiters
Bitcoin stood in the place where it was ($27K) heading into a Wednesday morning shrouded in ambiguity over what Federal Reserve Chair Jerome Powell may or may not convey to the market regarding rates.
Seeking to deftly thread a macro policy needle, Powell takes center stage at 2 p.m. (EST).
What seems certain (already priced in) is that the Fed Open Market Committee leaves rates unchanged. This pending potential pause has been telegraphed. Beyond that, traders will hang on every word of Powell's “summary of economic projections,” one king-hell mother of a monologue that just might contain some vital clues as to whether the central bank intends to do any more hiking this year.
Volatility is anticipated throughout the day. As of 7:56 a.m. (EST), BTC was $27,076, according to CoinGecko.
Large coins are flat for now. Ethereum held steady at $1,600. XRP gained 1% to $0.51.
Kaspa and Maker each gained 2%.

© Uphold-Unboxed

No interest rate change today.

The markets went down today initially when that was announced at the FOMC meeting, but they have climbed back up.

Did someone say that volatility would happen before money is injected into the economy? 

Look at the timing when remarks were made for no interest rate hike. Notice how it coincided with the markets falling before they were injected with new liquidity to move back up.

© Goldilocks

USA Today Link

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House Committee Passes Bill to Ban FED from Creating a CBDC

https://watcher.guru/news/house-committee-passes-bill-to-ban-fed-from-creating-a-cbdc

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FOMC Press Conference September 20, 2023

https://www.youtube.com/live/wjgB9PjQt6Q?feature=shared

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SEC Approves Revised Privacy Act Rule
FOR IMMEDIATE RELEASE
2023-189
Washington D.C., Sept. 20, 2023 —
The Securities and Exchange Commission today approved a rule to revise the Commission’s regulations under the Privacy Act, which is the principal law governing the handling of personal information in the federal government.

The final rule clarifies, updates, and streamlines the Commission’s Privacy Act regulations. In addition, the final rule revises procedural and fee provisions and eliminates unnecessary provisions. The final rule also allows for electronic methods to verify one’s identity and submit Privacy Act requests.

“I was pleased to support this adoption because it will update the Commission’s rules with respect to this important law,” said SEC Chair Gary Gensler. “These amendments will provide more clarity on how the public can access their records maintained by the Commission and request amendments.”

The Commission last updated its Privacy Act rules in 2011. The revisions approved today will codify current practices for processing requests made by the public under the Privacy Act. This provides greater clarity regarding the Commission’s process for how individuals can access information pertaining to themselves.

Due to the scope of the revisions, the final rule replaces the Commission’s current Privacy Act regulations in their entirety.

The final rule is published on SEC.gov and will be published in the Federal Register. The final rule becomes effective 30 days after publication in the Federal Register.
###

https://www.sec.gov/news/press-release/2023-189

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PayPal rolls out PY USD stablecoin to Venmo users 💥

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Thank you Dinar Recaps

Iraq Economic News and Points to Ponder Wednesday Afternoon 9-20-23

Iraq Economic News and Points to Ponder Wednesday Afternoon  9-20-23

Tlm724 Administrator Bondlady’s Corner

Al-Sudani Stresses Iraq's Commitment To The Action Plan Of The International Conference On Financing For Development

Nawa:  Prime Minister Muhammad Shiaa Al-Sudani participated yesterday, Tuesday (Baghdad time), in the Sustainable Development Goals Summit, which was held in New York, in the United States of America.

Al-Sudani delivered a speech in which he affirmed Iraq’s commitment to the action plan of the International Conference on Financing for Development, which was held in Addis Ababa/2015, and the international plan issued by it calling for the development of integrated national financing frameworks to complement national strategies for sustainable development, as well as Iraq’s welcome to the summit’s adoption of the political declaration that confirms The urgent need to work hard to accelerate the implementation of development goals.

He also stressed the commitment to implementing the sustainable development goals, despite the complex challenges we face.

He said: We welcome the summit’s adoption of the political declaration, in which we stressed the need for serious work to accelerate the implementation of the sustainable development goals, especially in providing and mobilizing financial resources, in accordance with the Addis Ababa Action Programme.

He added: Our government is making great efforts to achieve the sustainable development goals, and we have made relative progress within this framework, and it is important to work with all partners to enhance progress in implementation.

He continued: Iraq submitted two voluntary reports on the extent of the sustainable development goals achieved in a transparent manner, and the Iraqi national government’s program is consistent with these goals. Pointing out that achieving the sustainable development goals is a national mission and a humanitarian duty, and Iraq deals with all of these goals at the same level.

Al-Sudani said: Implementing the sixth goal related to water is a priority in light of the severe drought that Iraq is witnessing, and we call for the comprehensive implementation of this goal and its economic and social repercussions. He stressed that Iraq welcomes the holding of the United Nations Water Conference in March 2023 and its outcomes.

He added: Iraq has taken a number of national measures related to the sixth goal, including: maintaining infrastructure, expanding the clean water network, using modern agricultural irrigation techniques, and maintaining irrigation channels.

He pointed out that Iraq faces challenges in financing the sustainable development goals, some of which are due to the financial losses it suffered in its war against ISIS terrorist gangs.

He said: Iraq gives priority to financing climate action. Being the most vulnerable to the effects of climate change.

He added: Iraq has begun implementing nationally determined contributions, including investing in associated gas to produce clean energy to achieve the goal of “zero flame” by 2030.

https://www.radionawa.com/all-detail.aspx?jimare=35737

Dollar Prices Rise In Baghdad With The Stock Market Closing

Economy  Wednesday, September 20, 2023  Baghdad/National News Center   The prices of the US dollar rose against the Iraqi dinar, today, Wednesday, in the markets of the capital, Baghdad, with the stock market closed.

The National News Center correspondent said, “Dollar prices rose with the closure of the main Kifah and Harthiya stock exchanges in Baghdad, recording 156,500 dinars against 100 dollars, while dollar prices this morning recorded 156,300 dinars against 100 dollars.”

He added, “Selling prices in exchange shops in local markets in Baghdad rose, as the selling price reached 15,700 dinars for 100 dollars, while the purchase price reached 155,500 dinars for 100 dollars.”

https://nnciraq.com/227818/

The National Security Advisor Confirms Iraq's Keenness To Cooperate With The NATO Mission

Wednesday 20, September 2023 | Political Number of readings: 137  Baghdad / NINA / National Security Advisor Qasim Al-Araji confirmed Iraq's keenness to cooperate with the NATO mission.

The Chancellery said in a statement: “Araji met in his office today with a high-level delegation from the Dutch Ministry of the Interior, in the presence of the head of the European Union advisory mission in Iraq, Anders Vibari.”

She added: "During the meeting, ways to enhance cooperation and benefit from the experiences of friendly countries were discussed to develop the capabilities of the Iraqi police."

Al-Araji stressed Iraq's keenness to cooperate with the NATO mission, pointing out that the relationship between Iraq and NATO is a strategic relationship that is in the interest of exchanging expertise, consultation and information, stressing that the Iraqi security forces have gained field experience in their battle with ISIS, and this experience must be developed and supplemented by Cooperation with friendly countries.

Al-Araji also pointed out that the world remains cohesive in confronting terrorism and strengthening positions against extremism, hate speech, and extremism.

Al-Araji stressed the importance of cooperation and benefiting from international expertise in the field of developing community police skills, stressing that the role of this type is important in society and sends a message of reassurance to citizens.https://ninanews.com/Website/News/Details?key=1078925

The World Bank Mission Comments On The Implementation Performance Of Social Fund For Development Projects

Money  and business  Economy News – Baghdad The World Bank mission in Iraq praised, on Wednesday, the level of performance and progress achieved in implementing the projects of the Social Fund for Development affiliated with the Ministry of Planning during the past months, according to a statement published by the latter.

According to the ministry’s statement, this came “during the letter sent by the resident representative of the World Bank in Iraq, Richard Abdel Nour, to the Deputy Prime Minister and Minister of Planning, Muhammad Ali Tamim, following a series of joint meetings between the two sides.”

Abdel Nour expressed his “thanks to the teams of the Ministry of Planning and the Social Fund for the Development Project, for the excellent cooperation and support provided to the World Bank team during the implementation support mission, which took place from August 31 to September 5, 2023.”

Abdel Nour also thanked the representatives of the Prime Minister’s Advisory Committee and the Ministry of Finance for their participation in the mission. Pointing out that the Fund has made good progress during this period, praising the level of performance of the Fund Manager, the Project Management Office, and the project management teams over the past few months, stressing that the intensive efforts made by those teams contributed to accelerating the implementation of projects, with commitments increasing to about 130 million. dollar ".

The World Bank representative noted in his letter that “the mission has reviewed and discussed the Iraqi government’s request to address a second restructuring of the Social Fund to improve long-term institutional development prospects and increase allocations to community-led subprojects.”

He expressed his “aspiration for continued cooperation between the two sides, stressing the keenness and readiness of the World Bank to support the efforts of the Ministry of Planning, to make the Social Fund for Development experiment a success, and to achieve comprehensive social protection in Iraq.”

Views 29   09/20/2023 - https://economy-news.net/content.php?id=36481

The Central Bank Sells More Than $197 Million In Currency Auction

Economy News – Baghdad  Today, Wednesday, the Central Bank of Iraq’s sales in the foreign currency sales window amounted to more than 197 million dollars.

The Central Bank’s website published its dollar sales schedule, which Al-Iqtisad News viewed. It included the participation of 26 banks and 110 exchange companies, and foreign transfer requests covered $167.2 million, while cash requests amounted to more than $29.8 million.

The Central Bank of Iraq sells the dollar for documentary credits and international settlements for electronic cards at a price of 1,305 dinars per dollar, for every dollar for documentary credits and international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,310 dinars per dollar in cash.

Views 74 09/20/2023 - https://economy-news.net/content.php?id=36484

Oil Prices Recorded $93.55 Per Barrel

Economy |  09/20/2023  Ann News – Baghdad  Oil prices fell from their highest levels in ten months in Asian trading on Wednesday ahead of the Federal Reserve's (US central bank) decision on interest rates, with investors uncertain about when interest rates will reach their peak and the extent of this impact on energy demand.

Investors are awaiting a set of interest rate decisions from major central banks this week, including the US Federal Reserve's decision on Wednesday, to assess the outlook for economic growth and fuel demand.

The Fed is widely expected to keep interest rates unchanged, but the focus will be on its policy path, which is unclear.

Prices fell despite increasing fears of a scarcity of crude supplies in the remainder of 2023 due to a larger-than-expected withdrawal from US oil reserves and weak shale oil production in the United States.

Sector data showed on Tuesday that US crude oil inventories decreased last week by about 5.25 million barrels, according to data from the American Petroleum Institute.

Analysts in a poll conducted by Reuters had expected a decrease of 2.2 million barrels.

“The significant decline in US oil inventories and the slowdown in shale oil production in the United States have exacerbated supply concerns resulting from the extension of production restrictions by Saudi Arabia and Russia,” said Hiroyuki Kikukawa, president of NS Trading, a unit of Nissan Securities.

He added, "There will be some short-term adjustments in oil prices due to the recent rise, but expectations of reaching $100 a barrel for both Brent and West Texas Intermediate later this year will remain unchanged."    https://www.mawazin.net/Details.aspx?jimare=235252

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

https://www.bondladyscorner.com/

Points to Ponder on Truth:
The opposite of a correct statement is a false statement. But the opposite of a profound truth may well be another profound truth.   Niels Bohr (1885 - 1962)

The truth is rarely pure and never simple.   Oscar Wilde (1854 - 1900), The Importance of Being Earnest, 1895, Act I

Truth persuades by teaching, but does not teach by persuading.   Quintus Septimius Tertullianus (160 AD - 230 AD), Adversus Valentinianos

Truth is beautiful, without doubt; but so are lies.  Ralph Waldo Emerson (1803 - 1882)

I have been truthful all along the way. The truth is more interesting, and if you tell the truth you never have to cover your tracks.    Real Live Preacher, RealLivePreacher.com Weblog, January 04, 2004

I guess sometimes you have to lie to find the truth. Scott Westerfeld, Extras, 2007

Turns out if you never lie, there's always someone mad at you.   Scott Westerfeld, Extras, 2007

How often have I said to you that when you have eliminated the impossible, whatever remains, however improbable, must be the truth?    Sir Arthur Conan Doyle (1859 - 1930), (Sherlock Holmes) The Sign of Four, 1890

BRICS's Messaging About De-Dollarization Could Get Even Messier If Zimbabwe Joins The Group's Bank

BRICS's Messaging About De-Dollarization Could Get Even Messier If Zimbabwe Joins The Group's Bank

Huileng Tan    Tue, September 19, 2023

A former Zimbabwe finance minister said de-dollarization could result in an economic "disaster."

Zimbabwe has applied to join the BRICS bank, where there's debate about moving away from the dollar.

In an August summit, BRICS leaders gave differing statements about de-dollarization.

The economist that predicted the housing crisis warns the Fed is engaging in behavior that’s almost always caused a recession.

Zimbabwe wants to join a bank founded by the BRICS group of emerging nations — but a de-dollarization debate has started before the country's application has been approved.

Tendai Biti, a former Zimbabwe finance minister, has said there could be an economic "disaster" if the current administration of President Emmerson Mnangagwa decides to ditch the dollar.

Biti wrote in an X post on Thursday that any move away from the greenback was a "zany attempt to follow the global de-dollarization agenda being pursued by #BRICS & other new world order advocates," referring to the bloc of Brazil, Russia, India, China, and South Africa.

"This move will be an absolute disaster & will cost worker's & pensioners," he wrote.

TENDAI BITI@BitiTendai   The regime is intend on de-dollarization.This move will be an absolute disaster & will cost worker’s & pensioners. Conditions for dedollarzation don’t exist. Move is a zany  attempt to follow global de- dollarization agenda being pursued by #BRICS & other new world order advocates

He also said Zimbabwe didn't have the economic conditions to ditch the dollar.

Biti's comments add to an intense ongoing debate over de-dollarization, as Zimbabwe has applied to join BRICS's New Development Bank. The discourse has been fanned by fears that Washington is weaponizing the dollar-denominated global financial system against Russia over the Ukraine war.

The discussion has been so intense that there was even talk about the possible creation of a common BRICS currency during a recent summit in August.

https://finance.yahoo.com/news/brics-messaging-dollarization-could-even-131926942.html

Iraq Economic News and Points to Ponder Wednesday AM 9-20-23

Iraq Economic News and Points to Ponder Wednesday AM 9-20-23

Vice: Traders’ Refusal To Enter The Platform Caused The Dollar Crisis

Information / Baghdad..  On Wednesday, the representative of the State of Law coalition, Jassem Al-Alawi, revealed the reasons for the rise in the dollar in local markets, noting that money smuggling is a major reason for the rise.

Al-Alawi said in an interview with the Maalouma Agency, “The government has taken several measures to limit the rise in the dollar exchange rates in local markets.”  He added, "The failure to control borders and merchants deliberately not entering the electronic platform to buy dollars is a major reason for the increase."

Al-Alawi pointed out, “The government took quick measures to control the rise in the dollar, pursue speculators in the black market, and force merchants to enter the electronic platform.”

Member of Parliamentary Finance, Khalil Dusky, had previously called on the Central Bank to take urgent measures to dry up the sources of dollar smuggling and control the black market. LINK

Oil Is Cheaper Than Coca-Cola

Economical  09/20/2023   Walid Khaled Al-Zaidi, when the news comes of a rise in oil prices in global markets, it indicates a state of recovery in global demand for black gold, which in turn shows the extent of economic and industrial activity in the countries that import it, as the data tells us that prices have risen to exceed the threshold of ninety dollars per barrel after oil prices continued to rise in trading.

The daily newspaper is supported by increasing expectations of a recovery in global demand for crude oil.

If this state of escalation continues, we may not be surprised if we find the price of a barrel exceeding the current price and approaching one hundred dollars before the end of the current year, and this matter is not unseen, but there are indicators that confirm the reality of the price escalation because The demand for it will increase to a greater extent as the end of the hot summer and the beginning of the winter approaches.

When a state of complete optimism prevails, rather than cautious optimism, it makes the global oil markets take two steps forward versus taking one step back from time to time. Here the importance of mentioning is highlighted that many of the major oil-consuming industrial countries are more often than not the cause of the rise in global commodity prices.

Especially the food products that it produces and exports to other countries, this increase is not objective, as in most cases it is not based on the cost of those products, but rather on a slight movement in the demand for them by the countries from which they import food.

Even Western experts believe that the current price of a barrel of oil is appropriate for consumers if it is measured by the prices of some manufactured foodstuffs, so that oil, which is a difficult number in the global economic equation, and at its current or high prices, remains much cheaper than some unnecessary drinks, such as Coca-Cola, the price of which is as high as a barrel.

To (150) dollars, even though it is considered a luxury product and its consumption does not constitute a matter of life or death for a person, and it is an unnecessary material, like the need for oil, which is used in the production of many goods, products, and important needs of human society.

It is important to say that the economic reality in Iraq emphasizes the necessity of exploiting the rise in global oil prices and working to reduce the planned deficit gap in the budget, which is estimated at approximately (64) trillion dinars for the current year and the next two years, in addition to its positive repercussions in terms of increasing the country’s financial revenues, especially in If its prices stabilize or rise, which is much higher than the price of oil presented in the federal budget of Iraq, which is estimated at about $70 per barrel, which enhances the benefit from the difference in those prices in various economic matters, as well as facing the fluctuations in oil prices and surprises in demand for it in the energy markets, as well as the development of the stages of Prices will make the budgets for the next two years maintain their constants and procedures, especially since there are great expectations for an increase in demand for oil from many Western countries, especially in the European continent, to face the cold winter.

In general, when the global economy restarts in recovery, oil prices in global markets rise more than expected and may exceed the ceiling of expectations, and their general trends are in favor of oil-exporting countries, which reduces the risks of its fluctuations in the foreseeable future.

https://alsabaah.iq/84316-.html

Iraq Reduces Its Holdings Of US Bonds

Economical  09/20/2023   Baghdad: Al-Sabah   The US Treasury Department announced yesterday, Tuesday, that Iraq’s possession of US bonds decreased by $400 million to reach about $32.6 billion last July.

The Treasury stated in its latest schedule that “Iraq’s possession of US Treasury bonds for the month of July of 2023 decreased by $400 million to reach $32.6 billion after it was $33 billion during the previous month,” indicating that “these bonds decreased by 6.12 percent.” percent for the same period in 2022, when Iraq’s possession of bonds amounted to $34.6 billion.

In the Arab world, Saudi Arabia is at the forefront of the countries with the most possession, amounting to 109.2 billion dollars, and the UAE comes second with 64.9 billion dollars, then Kuwait is third with 42.5 billion dollars, then Iraq is fourth and Oman is fifth with 7.061 billion dollars.

https://alsabaah.iq/%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9/

The Sudanese Is In New York And The Dollar Is On Fire In The Market.. Will The Visit To America Affect The Exchange Rate?

Posted On2023-09-19 By Sotaliraq   The Sudanese is in New York and the dollar is on fire in the market.. Will the visit to America affe Today, Tuesday (September 19, 2023), financial expert Saleh Al-Banari read the expected results and files of the visit of Prime Minister Muhammad Shiaa Al-Sudani and sent 4 American messages to the Iraqi Prime Minister during his visit to New York to attend the United Nations sessions.

The banker said in an interview, “The attendance of Prime Minister Muhammad Shiaa Al-Sudani at the United Nations sessions in New York is important on multiple levels, including economic ones, especially since there is a long list of meetings with heads of state and organizations, some of which are concerned with the economic, humanitarian, and human rights sectors.”

He added, “The turnout of American delegations with multiple addresses to the Sudanese meeting confirms the importance of the files at hand, especially with regard to the economic aspect as it is the most important in the relationship between Baghdad and Washington,” pointing out that “the latter will send, according to the readings, 4 important messages, which is the need for the Central Bank and banks to comply with the rules of dollar transfers.” In terms of knowing its movement, tracking it, and not dealing with countries subject to sanctions through the SWIFT system.”

He pointed out that “the American side will push for the need for Baghdad to make greater efforts to prevent smuggling and speculation related to the dollar and provide advice in this regard,” pointing out that “Washington will not interfere in reducing the exchange rate of the dollar in Iraq, but rather leave the options to the Sudanese government because it is committed to the issue of combating smuggling and controlling the pace of Remittances are what drives the stability of the parallel market and thus reduces the dollar exchange rate.”

He continued, “The dollar file in Iraq is complicated, especially with the presence of a large difference between the official price for selling it by the Central Bank and what is announced in the parallel market,” pointing out that “the Sudanese visit will not affect the exchange rates, but rather will remind the American side of the need to support Baghdad.” In measures to limit smuggling.”

The dollar exchange rates in Iraqi local markets are witnessing unstable jumps until they approached 160 thousand dinars for every 100 dollars, in conjunction with information about American intentions to impose sanctions on new banks that are not committed to the terms of transferring and financing trade using the dollar.

Al-Sudani left for New York to attend the United Nations sessions, where he will deliver a speech before the United Nations General Assembly reviewing Iraq's regional and international positions and internal policy.

The meetings of the United Nations General Assembly, in its 78th session, will begin from Tuesday, 19 until September 23, as world leaders search for solutions to global challenges and participate in order to enhance peace and security, while this session bears the title of rebuilding confidence, restoring global solidarity, and the goals of sustainable development.

Government spokesman Bassem Al-Awadi says, “The Prime Minister will participate, like the rest of the world’s leaders, in the General Assembly meeting as it is the largest annual global forum for leaders (countries and governments) to meet, to discuss global and regional challenges and express Iraq’s opinion on them, as well as deliver a speech reviewing Iraq’s international and regional positions and politics.” Interior.

He continued, "The meetings of the United Nations General Assembly will also include listening to the opinions of world leaders and answering their inquiries regarding all Iraqi affairs, to strengthen bilateral ties, and to explain the Iraqi reality as it is, away from interpretations and analyses, and prior coordination of understandings, relations, and subsequent visits at the leadership level or Governmental institutions ".   LINK

Morning List Of Dollar Exchange Rates In Iraq

Economy  09-20-2023 | 7,908 views   Alsumaria News – Economy  Alsumaria News publishes the exchange rates of the dollar against the Iraqi dinar in Iraqi local markets for Wednesday, Sept 20, 2023.

Dollar prices decreased with the opening of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 155,600 dinars for every 100 dollars. As for the selling prices in the exchange shops in the local markets in Baghdad, they also decreased, as the selling price reached 156,500 dinars, while the purchasing price reached 154,500 dinars for every 100 dollars.

For more than 7 months, and specifically since the Central Bank began operating the electronic platform and the international financial transfer system ““SWIFT,” the dollar exchange rates in Iraq have not witnessed stability despite the attempts of the government and the Central Bank to control the exchange rate in the parallel (black) markets.

The  Central Bank of Iraq  decided earlier to adjust the exchange rate of the dollar against the Iraqi dinar, as the price of buying the dollar from the Ministry of Finance reached 1,300 dinars per dollar and selling it at (1,310) dinars per dollar to banks through the electronic platform, and it is sold for (1,320) dinars per dollar. Dollars from banks and non-banking financial institutions to the final beneficiary.   LINK

A New High.. The Dollar Exchange Rate Touches 160 Thousand Dinars In Iraq

Economy | 09/19/2023  Baghdad - Mawazine News   The exchange rate of the dollar against the dinar rose on Tuesday in local markets in Iraq.  The selling price was 100 dollars compared to 159 thousand dinars.   While the purchase price was 157 thousand dinars. https://www.mawazin.net/Details.aspx?jimare=235210

Points to Ponder on Opinions:

Do not think of knocking out another person's brains because he differs in opinion from you -- It would be as rational to knock yourself on the head because you differ from yourself ten years ago -- Horace Mann 

He who has no opinion of his own, but depends upon the opinion and taste of others, is a slave -- Klopstock

Social opinion is like a sharp knife.  There are foolish people who regard it only with terror, and dare not touch or meddle with it; there are more foolish people, who, in a rashness or defiance, seize it by the blade, and get cut and mangled for their pains; and there are wi9se people, who grasp it discreetly and boldly by the handle, and use it to carve out their own purpose -- Mrs. Jameson

Public opinion is a weak tyrant, compared with our private opinion -- What a man thinks of himself, that it is which determines or rather indicates his fate -- Thoreau

If a man should register all his opinions upon love, politics, religion, learning, etc.  beginning from his y outh, and so go on to old age, what a bundle of inconsistencies and contradictions would appear at last - Swift                                                                                                                                                                                                                                                                                            
Fly no opinion because it is new, but strictly search, and after careful view, reject it if false, embrace it if 'tis true -- Lucretius

"Tidbits From TNT" Wednesday Morning 9-20-2023

TNT:

CandyKisses:  Iraq has the fifth largest GDP in the Middle East and North Africa

Economy News _ Baghdad

Iraq had the fifth largest GDP of the countries of the Middle East and North Africa during the past 2022, with $ 270.36 billion.

This came according to a table for the German company (Statista) specialized in market and consumer data, seen by "Economy News".

GDP is an economic indicator that measures the monetary value of total goods and services produced within the boundaries of a geographical area (e.g. a country) over a specified period of time (e.g. one or half year). GDP is neither an indicator of social welfare nor of total wealth.

According to the German company, Saudi Arabia ranked first in GDP with one trillion and 108 billion dollars, followed by the UAE with 507.54 billion dollars, Egypt third with 475.23 billion dollars, Iran fourth with 321 billion dollars, while Iraq came fifth.

Qatar came sixth with $ 225 billion, Algeria seventh with $ 195 billion, Kuwait eighth with $ 184 billion, Morocco ninth with $ 138 billion, and Oman tenth with $ 114 billion

CandyKisses:  World Bank Mission Comments On Implementation Performance Of Social Fund For Development

The World Bank mission in Iraq on Wednesday praised the level of performance and progress achieved in the implementation of the projects of the Social Fund for Development of the Ministry of Planning during the past months, according to a statement published recently.

According to the ministry's statement, this came "during the message sent by the World Bank's Resident Representative in Iraq, Richard Abdulnour, to the Deputy Prime Minister, Minister of Planning Muhammad Ali Tamim, after a series of joint meetings between the two sides."

“He expressed his thanks to the teams of the Ministry of Planning and the Social Fund for the Development Project, for the excellent cooperation and support provided to the World Bank team during the Implementation Support Mission, which took place from August 31 to September 5, 2023.”

Abdulnour also thanked the representatives of the Prime Minister’s Advisory Committee and the Ministry of Finance for their participation in the mission. He pointed out that the Fund has made good progress during this period, praising the level of performance of the fund manager, the project management office, and the project management teams over the past few months, stressing that the intensive efforts made by these teams contributed to accelerating the implementation of projects, with commitments increasing to about $130 million.”

In his letter, the representative of the World Bank pointed out that "the mission has reviewed and discussed the request of the Iraqi government to address a second restructuring of the Social Fund to improve the prospects for long-term institutional development and increase allocations for sub-projects led by the local community."

He expressed “his aspiration for continued cooperation between the two sides, stressing the keenness and readiness of the World Bank to support the efforts of the Ministry of Planning, for the success of the experience of the Social Fund for Development and achieving comprehensive social protection in Iraq.”

بعثة البنك الدولي تعلق على أداء تنفيذ مشاريع الصندوق الاجتماعي للتنمية

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Tishwash:  Oil is cheaper than Coca-Cola

When the news comes of a rise in oil prices in global markets, it indicates a state of recovery in global demand for black gold, which in turn shows the extent of economic and industrial activity in the countries that import it, as the data tells us that prices have risen to exceed the threshold of ninety dollars per barrel after oil prices continued to rise in trading.

 The daily newspaper is supported by increasing expectations of a recovery in global demand for crude oil. If this state of escalation continues, we may not be surprised if we find the price of a barrel exceeding the current price and approaching one hundred dollars before the end of the current year, and this matter is not unseen, but there are indicators that confirm the reality of the price escalation because The demand for it will increase to a greater extent as the end of the hot summer and the beginning of the winter approaches.

When a state of complete optimism prevails and not cautious optimism, it makes the global oil markets take two steps forward versus taking one step back from time to time.

Here the importance of mentioning that many of the major oil-consuming industrial countries are most often the cause of the rise in global commodity prices.

Especially the food products that it produces and exports to other countries, this increase is not objective, as in most cases it is not based on the cost of those products, but rather on a slight movement in the demand for them by the countries from which they import food.

Even Western experts believe that the current price of a barrel of oil is appropriate for consumers if it is measured by the prices of some manufactured foodstuffs, so that oil, which is a difficult number in the global economic equation, and at its current or high prices, remains much cheaper than some unnecessary drinks, such as Coca-Cola, the price of which is as high as a barrel.

To (150) dollars, even though it is considered a luxury product and its consumption does not constitute a matter of life or death for a person, and it is an unnecessary material, like the need for oil, which is used in the production of many important goods, products, and needs of human society.

It is important to say that the economic reality in Iraq emphasizes the necessity of exploiting the rise in global oil prices and working to reduce the planned deficit gap in the budget, which is estimated at approximately (64) trillion dinars for the current year and the next two years

In addition to its positive repercussions in terms of increasing the country’s financial revenues, especially in If its prices stabilize or rise, which is much higher than the price of oil presented in the federal budget of Iraq, which is estimated at about $70 per barrel, which enhances the benefit from the difference in those prices in various economic matters, as well as facing the fluctuations in oil prices and surprises in demand for it in the energy markets, as well as the development of the stages of Prices will make the budgets for the next two years maintain their constants and procedures, especially since there are great expectations for an increase in demand for oil from many Western countries, especially in the European continent, to face the cold winter.

In general, when the global economy restarts in recovery, oil prices in global markets rise more than expected and may exceed the ceiling of expectations, and their general trends are in favor of oil-exporting countries, which reduces the risks of its fluctuations in the foreseeable future. link

Mot:  .. Welllll - She Got What She Asked fur!!!

Mot: ... I hear this All da Time!! – LOL

Goldilocks' Comments and Global Economic Evening News for September 19th

Goldilocks' Comments and Global Economic Evening News for September 19th

Good evening Dinar Recaps,

Edit this: Mining legend Frank Giustra commented on the US dollar:
"You got to think about these new mechanisms for settlement on trade, and that's where I think it's going to be chipping away at the value of the dollar.”
100%
Countries globally are starting to trade using their local currencies; this is very important to members of BRICS.
As they develop their central bank digital currencies, they are also accumulating gold.
This is what transformation looks like.

Read: https://x.com/goldtelegraph_/status/1704173357942591877?s=46

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Citi launches token service for institutional clients
The service uses blockchain technology to convert clients’ deposits into digital tokens that can be used for instant cross-border payments 24/7, the bank said.

BankingDive Link

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Based on the decision of the Board of Directors of this bank No. (151) of 2023, approval was obtained to renew the license granted to Yanah Banking and Electronic Services Company based on the provisions of Article (7/Second) of the Electronic Money Payment Services System No. (3) of 2014, provided that its provisions, instructions and controls are adhered to. issued by this bank.

https://cbi.iq/news/view/2418

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🔴 China Dumps U.S. Treasuries To Buy RECORD Amounts Of Gold As The U.S. Dollar Outlook Weakens

https://youtu.be/T5-x4Q7u5H8?feature=shared

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Prepare for #Stellar’s Protocol 20 upgrade! It’s the biggest one yet, introducing Soroban smart contracts.

Things to know:
1. Testnet upgrade on Sep 20, 1500 UTC
2. Update Stellar-related software
3. Stay updated in the (#protocol-20) discord channel
4. Go here for more info… Show more
3:06 PM · Sep 18, 2023

https://stellar.org/blog/developers/protocol-20-upgrade-guide

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According to the official announcement, the testnet will upgrade on September 20 at 15:00 UTC to release newer updates of Stellar Core and Horizon, the infrastructure of the Stellar network. 

Stellar validators will open upgrade votes for six weeks once the testnet upgrade reaches ideal output. The testnet release of the Protocol 20 upgrade will track and trace network performance with the implementation of Soroban smart contracts. 

Soroban is a smart contract infrastructure built on top of Stellar. It advances the Stellar network’s capabilities by enabling an ecosystem of decentralized applications. 

“Because the Protocol 20 upgrade introduces new network settings that validators control, it is also likely that the initial upgrade vote will be followed by a series of additional votes to adjust those settings,” said the blog post.

The Stellar Foundation has increased its development efforts to sustain itself in the highly competitive blockchain space. It recently onboarded British actor Idris Elba to advertise Stellar blockchain network.

Stellar To Support Soroban Smart Contracts With Protocol 20 Upgrade
https://www.cryptotimes.io/stellar-to-support-soroban-smart-contracts-with-protocol-20-upgrade/

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The Global Markets are about to get volatile due to inflated assets and an uncontrollable debt ceiling. This is why capital requirements are being adjusted to test the new Basel 3 banking system.

At the same time, we have tokenized assets onboarding onto the new digital trading system being tested.

These new tokenized assets will be tested and interfaced on the Stellar Network for the next 6 weeks.

The banking system has until the end of November to complete their Basel 3 testing and period for comments on improvements.

The transition into our new digital economy in the banking system and the market system supported by commodities is about to begin.

For more on Protocol 20, see the articles below.

© Goldilocks

https://cryptosaurus.tech/stellar-xlm-is-ready-for-its-biggest-protocol-upgrade-details/

https://www.newsbtc.com/news/stellar/stellar-to-release-protocol-20-testnet-upgrade-will-xlm-rally/

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Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline

Goldilocks' Telegram Room

Q & A Telegram Room

Goldilocks on the Seeds of Wisdom Team™ Website

Thank you Dinar Recaps    www.DinarRecaps.com 

Goldilocks' Comments and Global Economic News for September 19th

Goldilocks' Comments and Global Economic News for September 19th

Good afternoon Dinar Recaps,

Congrats, America 🥂We Made it! Government Debt Spikes past $33 Trillion: +$1.6 Trillion since Debt Ceiling, +$2.2 Trillion from Year Ago | Wolf Street Wolfstreet Link

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"The world’s first fractional bond exchange using the latest in distributed ledger technology now has Citi Securities Services as its first digital custodian participant."

Citibank steps into the digital bond market as a digital custodian. A custodian holds stocks, bonds, or other assets electronically/digitally or in physical form for and on behalf of their customers.

Bond yields give us an indication of how well the stock market is doing. The trade for them, be it domestic or foreign, increases the demand for a nation's currency. And demand creates more value through money velocity.

The most common bond type is the US Treasury Gold Bond. This is issued by the US government, and it is backed by gold held by the US Treasury.

Are you beginning to see why currency resets around the world are about to become inevitable? Basel 3 changes the landscape of everything. It is expected to be completed by the end of the year.

"All roads lead to gold and gold will set us free."

© Goldilocks
Investment News Link

All Spring Global Link

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"The KRX system is an information technology system for managing and operating transactions on the Vietnamese stock market."

The Vietnamese stock market is upgrading their system. They are calling on all of their it professionals to upgrade into the new kRX technological system to be used on their Stock Exchange.

This will enable them to digitally do transactions on the stock market on a global scale. The expectation is for all security companies to be fully integrated by the month of December or answer to their clients for their failures in doing so.

Vietnam is moving along rather nicely. Months ago we read where one of their Banks was fully Basel 3 compliant, and now we find they are about to be capable of utilizing their tokenized assets supported by a gold standard and the movement of their money from one transaction to another.

© Goldilocks

VietnamNews Link1
VietnamNews Link 2

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Crypto Custody Services Expand; CFTC Enforcement Targets DeFi, SEC Targets NFTs; FinCEN Warns of Crypto Scams; Major Hacks Steal $41M and $55M | BakerHostetler - JDSupra
https://www.jdsupra.com/legalnews/crypto-custody-services-expand-cftc-2120214/

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STORY: "She adds this possibility could lead to short term changes to economic indicators making it hard for the Federal Reserve to accurately gauge the health of the U.S. economy in the months to come."

As we have been discussing in this room, we are in process of making adjustments to Capital requirements inside Basel 3 compliant banking mechanisms.

Tokenization of assets backed by real-world Commodities will give them real values.

Therefore, the expectation of volatility on the markets for the rest of this year is certainly going to be a part of what we are going to see any moment.

As the markets and banking system work to find their Goldilocks economy, you will more than likely hear about changes being made to the system to create new synchronistic values that are neither too hot or too cold, but "they are just right." 😉

"The term (Goldilocks) describes an ideal state for an economic system. In this perfect state, there is full employment, economic stability, and stable growth."

© Goldilocks

https://news.yahoo.com/us-market-volatility-could-spike-192859541.html
Investopedia Link

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The Rise of Artificial Intelligence, Big Data, and the Next Generation of International Rules Governing Cross-Border Data Flows and Digital Trade | White & Case LLP

White & Case LLP Link

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RegulationAsia Link

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Overcoming Barriers: Challenges to Implementing Global Regulation of Digital Assets
Finance Feeds Link

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🚨XDC HUGE PROJECT ANNOUNCEMENT🚨XINFIN PRICE & DIGITAL TRADE GOING LIVE

https://youtu.be/xsxEZiZzKtc?feature=shared

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Private banking is an enhanced offering for the high-net-worth individual (HNWI) clients of a financial institution. Private banking consists of personalized financial and investment services and products from a dedicated personal banker.

Investopedia Link

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When I talked with the Head of Silver Eagle Sales for the US Mint back in May he said they had been "allocated" 4 Million more silver blanks for the 2023 US Silver Eagle Program. 
 
With the ramp-up of silver eagle sales over the past 4 months the premiums have fallen substantially. 
 
According to the numbers, unless the allocation of silver blanks was increased further, the US Mint should STOP selling eagles in October instead of December!
 
What would that do to Silver Eagle Premiums?
 
ALERT! US Mint to STOP SELLING 2023 Silver Eagles in October?! PREMIUMS TO SOAR AGAIN?! (Bix Weir

https://www.youtube.com/watch?v=QPozCeMSk6I

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Follow Goldilocks' Roadmap

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Goldilocks on the Seeds of Wisdom Team™ Website

Thank you Dinar Recaps

Iraq Economic News and Points to Ponder Tueday Afternoon 9-19-23

Iraq Economic News and Points to Ponder Tueday Afternoon  9-19-23

Tlm724 Administrator Bondlady’s Corner

Prime Minister: The Government Has Taken Several Measures With The Central Bank To Implement Financial Reform

NOAA:  On Tuesday, in New York, Prime Minister Muhammad Shiaa Al-Sudani informed the US Treasury Under Secretary of the expansion of his government’s work to limit money laundering operations.

This came during a meeting between Al-Sudani, in New York, after midnight (Baghdad time), with US Treasury Under Secretary Brian Nelson, on the sidelines of his participation in the meetings of the United Nations General Assembly at its seventy-eighth session, according to a statement issued by his media office, which witnessed the meeting, according to the statement

, Discussing cooperation mechanisms between Iraq and the US Department of the Treasury, and reviewing the government’s priorities in implementing economic and administrative reforms that fall within the government program.

Al-Sudani stressed that the government has taken several measures with the Central Bank of Iraq in implementing financial reform, which is considered a key to economic reform in achieving the government’s goal of moving from a unilateral economy towards a productive and multi-economic economy, where, for the first time, a financial database was created for banking transactions, in a way that achieves confidence. Required in dealings with banks and international banks.

Al-Sudani also pointed out the expansion of the government’s work in reducing money laundering operations at the procedural and judicial levels, by applying the required international standards, and enabling it to achieve real trade that supports the economy towards further development.

Al-Sudani stated that the government supports the private sector through a package of decisions and procedures, in addition to providing it with all necessary facilities in the federal budget for the three years.

For his part, Nelson appreciated the government reforms in the banking and financial sectors, and the government’s success in restoring the confidence of global financial institutions, such as Citibank and JP Morgan,

stressing the US Treasury’s readiness to work closely with the Central Bank of Iraq and cooperate with Iraq in the files of financial liquidity and Iraqi commercial bank transfers outside the country. Once again, his country supports the stability of the Iraqi economy.

https://www.radionawa.com/all-detail.aspx?jimare=35720

Iraq Confirms The Possibility Of Benefiting From Estonia's Experience To Develop The Financial And Banking Sectors

Tuesday 19, September 2023  Economical Number of readings: 338  Baghdad / NINA / Iraq expressed its aspiration to benefit from Estonia's experience to develop the financial and banking sectors.

A statement by the Ministry of Foreign Affairs stated that Deputy Prime Minister and Minister of Foreign Affairs, Fuad Hussein, met with the Minister of Foreign Affairs of Estonia, Margus Tsakana, on the sidelines of the high-level week of meetings of the 78th session of the United Nations General Assembly, and they discussed ways to develop relations between the two countries. Foreign Minister Fuad Hussein expressed his thanks

. And his appreciation to the Republic of Estonia for the support it provided to Iraq in the field of combating terrorism by sending 77 military advisors to NATO forces in Iraq.

The Minister also praised, according to the statement, the recent success achieved by Estonia in the economic and development fields and the development of its financial and banking system, indicating the possibility of benefiting from Estonia’s experience to develop the financial and banking sectors in Iraq by signing a memorandum of understanding between the two sides to cooperate in the economic, financial and security fields.

For his part, The Estonian Foreign Minister appreciated the pivotal role played by Iraq in the Middle East region, noting the possibility of signing a memorandum of understanding between the two sides for cooperation in the economic and financial fields./End

https://ninanews.com/Website/News/Details?key=1078681

The Central Bank Sells More Than $219 Million In The Currency Auction

Economy News – Baghdad  Today, Tuesday, the Central Bank of Iraq’s sales in the foreign currency sales window amounted to more than 219.1 million dollars.

The Central Bank’s website published its dollar sales schedule, which Al-Iqtisad News reviewed. It included the participation of 28 banks and 123 exchange companies, and foreign transfer requests covered $180.8 million, while cash requests amounted to more than $38.2 million.

The Central Bank of Iraq sells the dollar for documentary credits and international settlements for electronic cards at a price of 1,305 dinars per dollar, for every dollar for documentary credits and international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,310 dinars per dollar in cash.

Views 38   09/19/2023 - https://economy-news.net/content.php?id=36435

Sudanese Advisor: Improved Oil Revenues Will Reduce Estimates Of The Deficit Gap

Money  and business  Economy News – Baghdad  The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed on Tuesday that improved oil revenues will reduce estimates of the deficit gap and help overcome resorting to borrowing.

Saleh said in an interview with the official news agency, “The accuracy of the timing of disbursement in the general budget as planned reflects the degree of efficiency of the performance of the budget itself in terms of the conformity of the executive path with annual financial planning.”

He added, "Except for the current expenditures that must be implemented, such as monthly salaries, support, and external obligations related to debts and other payments, the improvement in oil revenues will reduce estimates of the deficit gap and help overcome the resort to borrowing to fill the deficit, especially in implementing special programs in the operating budget, and investment spending on... Planned projects according to their strategic priorities that are directly linked to raising the degree of growth in the gross domestic product and in accordance with the implementation schedules and specific timelines without delay.”

He continued, "There is a correlation between the reduction in deficit estimates due to the improvement in public revenues from oil revenues and other revenues, and the efficiency of implementing investment programs and projects in the general budget, which confirms the success of the efficiency of implementation by matching spending with the country's annual financial planning without delay.

Therefore, the decrease in the deficit “The plan, due to the development of oil resources, will accelerate investment spending, which represents the basis of development and material economic progress, and at the same time reflects the efficiency of financial implementation.”

Views 34  09/19/2023 https://economy-news.net/content.php?id=36452

A New High.. The Dollar Exchange Rate Touches 160 Thousand Dinars In Iraq

Economy |  09/19/2023  Baghdad - Mawazine News  The exchange rate of the dollar against the dinar rose on Tuesday in local markets in Iraq.  The selling price was 100 dollars compared to 159 thousand dinars.   While the purchase price was 157 thousand dinars. https://www.mawazin.net/Details.aspx?jimare=235210

A Jump In Oil Prices... A Barrel Of Brent Above $95

Economy |  09/19/2023  Baghdad - Mawazine News  Oil prices rose in early trading, today, Tuesday, for the fourth session in a row, as weak shale oil production in the United States raised more concerns about the scarcity of supply caused by the extension of OPEC+ production cuts.

By 04:06 GMT, US West Texas Intermediate crude futures rose $1.02, or 1.12%, to $92.5 per barrel, which is slightly less than the highest level in 10 months that it reached on Monday, while futures for global benchmark crude rose. Brent rose 60 cents, or 0.64%, to $95.03 a barrel, according to Reuters.

https://www.mawazin.net/Details.aspx?jimare=235202

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

https://www.bondladyscorner.com/

Points to Ponder on Feelings:

The last, best fruit which comes to late perfection - even in the kindliest soul - is - tenderness toward the hard - forbearance toward the un-forbearing - warmth of heart toward the cold - philanthropy toward the misanthropic -- Richter

Some people carry their hearts in their heads; very many carry their heads  in their hearts -- the difficulty is to keep them apart and yet both actively working together -- Sterne

A word - a look - which at one time would make no impression -  at another time wounds the heart; and like a shaft flying with the wind, pierces deep, which, with its own natural force -- would scarce have reached the object aimed at - Sterne

Every human feeling is greater and larger than its exciting cause - a proof I think - that man is designed for a higher state of existence -- Coleridge

Feelings come and go - like light troops following victory of the present; but principles - like troops of the line are undisturbed and stand fast -- Richter

The heart has often been compared to the needle of the compass for its constancy; has it ever been so for its variations?  Yet,  were any man to keep minutes of his feelings from youth to age, what a table of variations would they present -- how numerous, how diverse, how strange ! - Hare

Feeling in the young precedes philosophy, and often acts with a better and more certain aim -- Carleton

Sincerity is to speak as we think - to do as we pretend and profess - to perform what we promise - and really to be what we would seem and appear to be -- Tilloston

"Tidbits From TNT" Tuesday 9-19-2023

TNT:

Tishwash:  Al-Sudani delivers Iraq's speech before the United Nations

 Prime Minister Muhammad Shiaa Al-Sudani is expected to deliver a speech before the United Nations General Assembly meeting in New York, in which he will review Iraq's regional and international positions.

The Prime Minister arrived yesterday morning, Monday, in New York City, to participate in the meetings of the United Nations General Assembly, at its seventy-eighth session.

Government spokesman Bassem Al-Awadi said in a tweet on the “X” website (formerly Twitter): “The meetings of the United Nations General Assembly in its 78th session, starting from today, Tuesday 19, until September 23, as world leaders search for solutions to global challenges and participation from In order to enhance peace and security,” he said, noting that “the title of this session is rebuilding confidence, restoring global solidarity, and the goals of sustainable development.”

He added, "The Prime Minister will participate, like the rest of the world's leaders, in the General Assembly meeting, as it is the largest annual global forum for meeting leaders of countries and governments, to discuss global and regional challenges and express Iraq's opinion on them, as well as deliver a speech reviewing Iraq's international and regional positions and internal policy."

He continued, "The meetings of the United Nations General Assembly will also include listening to the opinions of world leaders and answering their inquiries regarding all Iraqi affairs, to strengthen bilateral ties, to explain the Iraqi reality as it is, far from interpretations and analyses, and to coordinate in advance understandings, relations, and subsequent visits at the level of leadership or government institutions." ".

Prime Minister Muhammad Shiaa Al-Sudani will also meet, on the sidelines of the New York meeting, a number of leaders of Arab and foreign countries who flocked to the United States of America, where the permanent headquarters of the United Nations is located.  link

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Tishwash:  Iran: Iraq is our first trading partner and we plan to establish a joint bank and a free trade zone

Head of the West Asia Department at the Iranian Trade Development Foundation, Farzad Belten, announced on Tuesday the Iranian government’s intention to establish a joint bank and a joint free trade zone with Iraq.

Belten said in a speech he delivered before the Forum for the Sustainable Development of Trade between Iran and Iraq until 2025, which was held in the Iranian Chamber of Commerce, according to Fars News Agency, that “Iraq is our first trade partner in the world and our partner in the field of electric energy in Asia.”

He added, "Every week we see an event in Iran related to Iraq, such as sending trade delegations and holding conferences and exhibitions by the private and government sectors, and this stems from the importance of trade with Iraq."

He continued, "We have 5 border crossings with Iraq, and the presence of merchants who are fluent in the Arabic language is considered an advantage for us in trade with Iraq compared to Turkey."

Belten pointed to the goal set to bring the volume of trade with Iraq to 20 billion dollars, saying, “There is a decision taken to establish new institutions with the participation of the private sector, including a complex of commercial centers that can perform the work of a large number of commercial attachés in providing services to merchants.”

He also stated that "there is a trend towards participation in production with Iraq and its companies."   link

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Tishwash:  Oil and gas are victims of the disputes between Erbil and Baghdad. The people's wealth awaits distribution while the legislative table is far away

The Oil and Gas Law is still stagnating despite governmental and parliamentary talk about the existence of an active movement to agree to pass the Oil and Gas Law in a way that meets the ambitions of all governorates and the region, with the aim of distributing wealth fairly to everyone and guaranteeing the rights of the oil-producing governorates.

Parliamentary parties ruled out passing such a law due to the presence of many points of contention between various political parties regarding the law, in addition to the presence of Kurdish rejection of some paragraphs, which postpones the passage of the law for an indefinite period.

A member of the Parliamentary Oil and Gas Committee, Ali Al-Lami, told Al-Maalouma: “There is a vigorous movement to pass the oil and gas law in Parliament.”

Al-Lami added, “The differences between the center and the region prevent us from achieving this goal at the present time.”

He pointed out, “There are 13 points of contention between the center and the region, as well as the oil-producing governorates, and these represent the biggest obstacles to passing this law.”

Al-Lami pointed out that "these points cannot be resolved at all, which confirms the impossibility of passing the law in its current form." 

On the other hand, former MP Jassim Muhammad Jaafar stated during his speech to “Al-Ma’louma” that “the negotiations regarding the oil and gas law will not reach any good stages.”

Jaafar added, “The Kurds had previously rejected the law in 2008 despite voting on it within the Council of Ministers and preparing it for passage in Parliament.”

He pointed out that "it is impossible for the law to return again to be in the interest of the Kurds, who are demanding today a law that is in their interest, far from consensus or passing by a numerical majority within the House of Representatives.

On the other hand, Ali Al-Zubaidi, a member of the Al-Fatah Alliance, confirmed to “Al-Ma’louma” that “Parliament may be embarking on heated discussions regarding the oil and gas law.”

He added, “There are some objections that often occur when trying to present the law,” adding that “the aforementioned law has been postponed for a long time as a result of the escalation of the political differences surrounding it.”

Al-Zubaidi stressed, “The law must be prepared correctly so that it is fair to everyone and makes the center the main driver of this law by distributing wealth to everyone without oppressing any governorate, whether in the region or outside it.”  link

Mot:  ... as the ""Wee Folks"" become of Age!!! 

Puddledpnw:  aging 

MilitiaMan: Iraq Dinar - Militia Man & Angel1 - Update on Iraq's Progress - Al-Sudani in the U.N.

Iraq Dinar - Militia Man & Angel1 - Update on Iraq's Progress - Al-Sudani in the U.N.

MilitiaMan and Crew:  9-18-2023

The Crew:  Samson, PompeyPeter, Petra, Angel1,  Daytrader, Sunkissed, GIGI and Militia Man

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

https://www.youtube.com/watch?v=vTnx_HMH5c0