Dinar Recaps 20 9/26/23 Dinar Recaps 20 9/26/23

MilitiaMan: IRAQ INTERNATIONAL - STATE CONTRACTS that are EXECUTED in IRAQI DINAR - WTO is NEXT

IRAQ INTERNATIONAL - STATE CONTRACTS that are EXECUTED in IRAQI DINAR - WTO is NEXT

MilitiaMan and Crew: 9-26-2023

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

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

IRAQ INTERNATIONAL - STATE CONTRACTS that are EXECUTED in IRAQI DINAR - WTO is NEXT

MilitiaMan and Crew: 9-26-2023

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=--iDJk7R6K4

DINARRECAPS8 9/26/23 DINARRECAPS8 9/26/23

Goldilocks' Comments and Global Economic News Tuesday PM 9-26-23

Goldilocks' Comments and Global Economic News Tuesday PM 9-26-23

Good afternoon Dinar Recaps,

Goldilocks' Comments and Global Economic News Tuesday PM 9-26-23

Good afternoon Dinar Recaps,

Countries utilizing their own local currencies will level the playing field in value determinations in the sale of goods and services in the shipping ports.

And the movement of these goods and services onto the lands of which they arrive will bring forth new life with new values across the board in every sector of the market.

We have weathered many storms to get to this point. Hold on, we are getting there. The toughest waves are in front of us, but we are facing them only because of the force behind them that has helped us to reach this point.

Remember, we are in this together and will transition together. Never give up.

© Goldilocks

~~~~~~~~~~

"The House and Senate this week are staring down a Sept. 30 deadline to fund the government, with a shutdown becoming more and more likely as lawmakers remain unable to reach a deal on keeping the lights on in Washington beyond the end of the month."

https://thehill.com/homenews/house/4221267-congress-stares-down-shutdown-deadline/

~~~~~~~~~~

The Baltic Dry Index is a leading indicator of economic activity. Changes in this index show us supply and demand readings for important materials used in manufacturing.

As you can see, this indicator has taken a significant dive since 2021, and why I keep sharing with you to "watch the water."

An increase in trade around the world will make a significant difference in exchange rates due to demand for currencies around the world.

80% of our trades happen through shipping ports whose goods and services between countries create a movement of money.

Demand for currencies increases its value, and the move towards trading in local currencies around the world will increase the values of many currencies we hold.

© Goldilocks

https://tradingeconomics.com/commodity/baltic

~~~~~~~~~~

I have been trying to show you some real numbers and economic indicators that I look at every day in making trades.

It is important to note that we are in recessionary values no matter what we are told on the news.

There is a silver lining in each of these readings. When building a new economy from the ground up, it is easier to measure progress.

Things will change and turn around with real values added to all of our assets. Tokenized and standardized protocols backed by gold and other commodities will enable more accurate readings going forward.

Countries utilizing their own local currencies will level the playing field in value determinations in the sale of goods and services in the shipping ports.

And the movement of these goods and services onto the lands of which they arrive will bring forth new life with new values across the board in every sector of the market.

We have weathered many storms to get to this point. Hold on, we are getting there. The toughest waves are in front of us, but we are facing them only because of the force behind them that has helped us to reach this point.

Remember, we are in this together and will transition together. Never give up.

© Goldilocks

~~~~~~~~~~

Banking Announcements:

"The Financial Stability Board is developing recommendations to promote alignment and interoperability across data frameworks applicable to cross-border payments."

"World Economic Forum Paper Proposes Four Actions to Enhance Cross-Border Payments. The paper says improving regulatory interoperability can improve the efficiency, security and inclusiveness of cross-border payments, benefiting businesses and individuals."

"US, China Launch Economic and Financial Working Groups. The working groups will address some contentious issues, as well as areas of potential cooperation, such as climate change, global health, and financial stability."

~~~~~~~~~~

~~~~~~~~~~

Get Ready For 'Markets Gone Wild' | Darius Dale

https://youtu.be/-q8hZiF8was?feature=shared

~~~~~~~~~~

USISPF to host a roundtable with MoPSW - India Shipping News
https://indiashippingnews.com/usispf-to-host-a-roundtable-with-mopsw/

~~~~~~~~~~

43% of India’s exports to EU to be hit by green regulations - India Shipping News
https://indiashippingnews.com/43-of-indias-exports-to-eu-to-be-hit-by-green-regulations

~~~~~~~~~~

Supply chain leaders focusing on inflation according to global report - India Shipping News
https://indiashippingnews.com/supply-chain-leaders-focusing-on-inflation-according-to-global-report/

~~~~~~~~~~

"An international consortium has successfully executed “the world’s first entirely digitalised cross-border movement of goods.”

Here we go. Say goodbye to paper documents and hello to the digitization movements of goods and services.

This successful digitalised shipment from the UK to Singapore marks the beginning of a new era.

This is the beginning of things to come in the new "digital asset-based trading system." Just know, we are embarking upon a new world of digitized trade.

As we grow in digitized trading mechanisms, this will begin to form price pressures in exchange rates inside the shipping ports trading in local currencies. This is just the beginning.

Watch the water.

© Goldilocks

https://www.logisticsmanager.com/consortium-makes-first-paperless-cross-border-shipment/

~~~~~~~~~~

Keys to Opportunity in the Housing Market, September 26, 2023
Agenda:

https://www.youtube.com/live/5eS9LRzUnCo?feature=shared

~~~~~~~~~~

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

DINARRECAPS8 9/26/23 DINARRECAPS8 9/26/23

Iraq Economic News and Points to Ponder Tuesday Evening 9-26-23

Tlm724 Administrator Bondlady’s Corner

Minister Of Finance: The Government Continues Its Efforts For Economic Reforms

Money and business Economy News – Baghdad The Minister of Finance and Governor of Iraq at the Asian Infrastructure Investment Bank, Taif Sami, participated today, Tuesday, in the work of the official session at the governors’ level in the bank for its second and final day, with the participation of the Director General of the Iraqi Fund for Foreign Development in the Ministry of Finance.

Iraq Economic News and Points to Ponder Tuesday Evening 9-26-23

Tlm724 Administrator Bondlady’s Corner

Minister Of Finance: The Government Continues Its Efforts For Economic Reforms

According to a statement by the Ministry of Finance, the session’s agenda included “voting on a number of decisions, most notably accepting the membership of a number of countries in Asia and Africa in the bank, voting on electing a new president and two deputies to the bank’s Board of Governors, in addition to approving the annual report of the Asian Bank’s work for the year 2022.”

The Minister of Finance indicated, "The Iraqi government will continue its efforts for economic reforms, adopting a road map to achieve sustainable development goals and a gradual approach to financing development by maximizing revenues for the budget and the contribution of international banks, including the Asian Bank, to finance promising investment projects in Iraq."

Views 27 09/26/2023 - https://economy-news.net/content.php?id=36645

Oil: The Final Oil Revenues For The Month Of August Amount To More Than $8 Billion

Economy | 11:52 - 09/26/2023 Baghdad - Mawazine News The Ministry of Oil announced today, Tuesday, that the final revenues for the month of August amount to more than $8 billion.

The ministry stated in a statement received by Mawazine News that “the total final revenues achieved for the month of August, according to the final statistics issued by the Iraqi Oil Marketing Company (SOMO), amounted to more than 8 billion dollars, as the amount of crude oil exports reached (106) million and (122) million.”

(One thousand and (679) barrels, with revenues amounting to (Cool billion (997) million and (851) thousand dollars.

She added, "The total quantities of crude oil exported last August from the oil fields in central and southern Iraq amounted to (105) million and (236) thousand and (963) barrels, while the quantities exported from Qayyarah were (420) thousand and (991) barrels." While exports to Jordan were (464) thousand and (725) barrels,” noting that “the average price of one barrel reached (84,787) dollars.”

She pointed out that "the exported quantities were loaded by (38) international companies of several nationalities, from the ports of Basra, Khor Al-Zubair, monobuoys, and the modern Kirkuk warehouse, by tanker trucks, and from the Qayyarah field." https://www.mawazin.net/Details.aspx?jimare=235522

Oil Falls As Interest Concerns Outweigh Tight Supplies

Energy Oil prices were revised on Tuesday, amid concerns that demand for fuel will be affected by major central banks keeping interest rates high for a longer period, even as supply is expected to tighten.

Brent crude futures fell 38 cents to $92.91 a barrel by 0400 GMT, while US West Texas Intermediate crude futures fell 34 cents to $89.34.

The world's top economic policymakers, the US Federal Reserve and the European Central Bank, have reaffirmed in recent days their commitment to fighting inflation, indicating that tight policy may last longer than previously expected. High interest rates slow economic growth, reducing demand for oil.

Separately, Moody's said on Monday that a US government shutdown would hurt the country's credit, a warning that comes one month after Fitch downgraded the US rating by one notch on the back of the debt ceiling crisis.

While supply remains tight with Russia and Saudi Arabia extending production cuts until the end of the year, Moscow on Monday eased its temporary ban on gasoline and diesel exports, which had been issued separately to stabilize the domestic market.

With the Golden Week holiday starting in China from Sunday, oil prices may get a boost from higher travel and the resulting demand for petroleum products from the world's second-largest oil consumer.

Oil prices have risen about 30% since mid-year mostly driven by supply shortages, wiping 0.5 percentage points off global GDP growth in the second half of this year, according to JPMorgan.

JPMorgan added in a note that the shock “is not large enough to threaten the expansion by itself,” according to Reuters.

“We expect $94 a barrel during the last quarter of 2023 which is the maximum steepness of the curve we see before OPEC likely eases supply constraints,” said Baden Moore, head of carbon and commodities strategy at National Australia Bank. Views 87 09/26/2023 - https://economy-news.net/content.php?id=36621

Dollar Prices Rise In Baghdad Markets With The Closure

Time: 09/26/2023 17:26:34 Read: 520 times {Economic: Al-Furat News} The exchange rates of the US dollar rose against the Iraqi dinar, today, Tuesday, in Baghdad markets with the closure of the main stock exchange.

With the closure of the main Kifah and Harithiya stock exchanges in Baghdad, dollar prices recorded 155,500 Iraqi dinars against 100 dollars, while dollar prices recorded this morning 154,600 dinars against 100 dollars.

Our correspondent indicated that selling prices in exchange shops in local markets in Baghdad rose, as the selling price reached 156,500 dinars for 100 dollars, while the purchase price reached 154,500 dinars for 100 dollars. LINK

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

https://www.bondladyscorner.com/

Points to Ponder on “Feelings”:

Our feelings were given us to excite to action, and when they end in themselves, they are cherished to no good purpose -- Sanford

Strong feelings do not necessarily make a strong character -- The strength of a man is to be measured by the power of the feelings he subdues - not by the power of those which subdued him -- Richter

Cultivate consideration for the feelings of other people if you want not have your own injured -- Those who complain the most of ill-usage are those who abuse others the oftenest - Richter

The heart that is soonest to awake to the flower is always the first to be touched by the thorns -- Moore

Thought is deeper than all speech; feeling deeper than all thought; soul to souls can never teach what unto themselves was taught -- Cranch

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

DINARRECAPS8 9/26/23 DINARRECAPS8 9/26/23

Iraq Economic News and Points to Ponder Tuesday Afternoon 9-26-23

Tlm724 Administrator Bondlady’s Corner

Al-Sudani Threatens Private Banks That Violate The Terms Of Selling The Dollar With Penalties

Nawa: Prime Minister Muhammad Shiaa Al-Sudani confirmed that the early elections come after the House of Representatives approved a solution for itself, threatening private banks that violate the conditions for selling the dollar with penalties.

Iraq Economic News and Points to Ponder Tuesday Afternoon 9-26-23

Tlm724 Administrator Bondlady’s Corner

Al-Sudani Threatens Private Banks That Violate The Terms Of Selling The Dollar With Penalties

Al-Sudani said during the press interview he conducted with The National newspaper, according to a statement by his media office, that “the political disputes in Iraq are within their natural context, and resorting to the Federal Court is a healthy sign for the political system, and that all forces are talking today about providing services and developing the economy, after the talk was about Sectarian, ethnic and components.”

Regarding the dollar crisis and the war on corruption, Al-Sudani stressed, “There is a war on corruption, and we have included the recovery of funds and wanted persons, within a systematic anti-corruption policy, and that reforms in tax, customs, and electronic payment all establish an environment that attracts the private sector and facilitates its work.”

He continued, “The price of the dollar is related to the special reforms of the banking and financial sector, and the government has begun implementing the reforms, despite their social cost,” explaining that “exchange rate fluctuations are a battle between the state that wants to stabilize correct transactions, and a group that used to live on the dollar.” He added that “illegal

outlets Goods enter from it, and no taxes are paid, and it is money that goes to the parallel price, and private banks take the dollar from the central bank and sell it in the parallel market, and these will be subject to sanctions.” https://www.radionawa.com/all-detail.aspx?jimare=35831

The Association Of Private Banks Reveals The Development Of Electronic Payment After Al-Sudani’s Decisions

Economy News – Baghdad The Iraqi Private Banks Association revealed the significant development in the use of electronic payment tools after implementing the directives of the Prime Minister, Engineer Muhammad Shiaa Al-Sudani, by publishing them in all ministries and government institutions since the first of last June.

The Executive Director of the Iraqi Private Banks Association, Ali Tariq, said in a press statement that electronic payment is witnessing a major transformation during the current stage, under the supervision of the Central Bank of Iraq, which has contributed to providing infrastructure and technical and advisory support to government institutions, indicating that the directives of the Prime Minister Engineer Muhammad Shiaa Al-Sudani contributed to promoting the concept of electronic payment by disseminating it within government institutions, in addition to the intensive advertising campaigns launched by the Central Bank and the Association of Private Banks.

Tariq pointed out that the number of ministries and government institutions that have contracted with electronic payment companies and published points of sale is 337 institutions.

He added that points of sale have grown by 123% since the Cabinet’s decision, and until now, there were 10,718 devices, while now, 23,906 points of sale distributed to 19,696 in stores and private institutions, 4,210 in ministries and government institutions, stressing that the number of financial settlements that took place through...

Points of sale, amounted to about 1.56 million transactions, including 1.15 million transactions for the private sector, and 403.7 thousand transactions for government institutions since the decision began until today.

Tariq concluded his speech by saying that electronic payment is the most important step towards reforming the economy, by enhancing the concept of financial inclusion and increasing trust between citizens and the banking sector, which will have a significant impact on increasing deposits and the ability of the banking sector to finance strategic projects. It also contributes to reducing corruption and activating... E-government by completing citizens’ transactions remotely.

Views 80 09/26/2023 - https://economy-news.net/content.php?id=36633

The Minister Of Finance Participates In The Meetings Of The Asian Infrastructure Investment Bank

Tuesday 26, September 2023 06:10 | Economical Number of readings: 426 Baghdad / NINA / The Minister of Finance, Taif Sami, Governor of Iraq, participated in the Board of Governors of the Asian Infrastructure Investment Bank, Director of the Iraqi External Development Fund, within the eighth annual meeting of the Asian Infrastructure Investment Bank, held on September 25/26 in Sharm El-Sheikh.

The Minister of Finance indicated, during the meeting, which was opened by Egyptian President Abdel Fattah El-Sisi, with the participation of 106 countries, including Iraq, which is participating for the first time, that “this meeting is of the utmost importance for Iraq, as it is the first meeting after joining the bank, and out of belief in the role that the bank plays with Iraq’s need to rehabilitate it.”

Sami stressed the bank’s role in deepening cooperation between all parties, enhancing communication between Asia and the countries of the world, stimulating investments, and financing infrastructure projects in light of the global financial crises.

She added, "The meeting is of great importance for the effective contribution to opening new horizons for the Bank with member states, as they are in dire need of huge infrastructure projects, reconstruction, climate efforts, and the green economy," and pointed out the projects that the Bank can finance that would achieve economic development in developing countries. Including Iraq.

In a related context, Finance Minister Taif Sami met with the Vice President of the Asian Bank, Konstantin Lemdtovsky, and they discussed entering into joint projects related to the public and private sectors in the field of industry, transportation, and energy.

Sami explained that their desire to enter the field of infrastructure investment will be conveyed to the Iraqi government and provide them with projects that Iraq considers top priorities. She pointed out that Iraq aims to benefit from the experiences and capabilities of the Asian Bank in mobilizing financial resources for private investments, in order to achieve comprehensive and sustainable development goals. ./End 5 https://ninanews.com/Website/News/Details?key=1079767

The Central Bank Sells More Than $190 Million In Currency Auction

Economy News – Baghdad Today, Tuesday, the Central Bank of Iraq’s sales in the foreign currency sales window amounted to more than 190 million dollars.

The Central Bank's website published its dollar sales schedule, which Al-Iqtisad News reviewed. It included the participation of 29 banks and 134 exchange companies, and foreign transfer requests covered $167.5 million, while cash requests amounted to more than $22.8 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.

113 views Added 09/26/2023 - https://economy-news.net/content.php?id=36636

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

https://www.bondladyscorner.com/

Points to Ponder on Endurance:

Victory belongs to the most persevering -- Napoleon

The divine insanity of noble minds - that never falters nor abates - but labors - endures - and waits - till all that it foresees it finds - or what it cannot find - creates -- Longfellow

The palm tree grows best beneath a ponderous weight - and even so the character of man -- The petty pangs of small daily cares have often bent the character of men - but great misfortunes seldom -- Kossuth

There is nothing in the world so much admired as a man who knows how to bear unhappiness with courage -- Seneca

Our strength often increases in proportion to the obstacles imposed upon it -- It is thus we enter upon the most perilous plans after having had the shame of failing in more simple ones -- Rapin

The difference between perseverance and obstinacy is -- that one often comes from a strong will and the other from a strong won't -- H W Beecher

Much rain wears the marble --Shakespeare

See first that the design is wise and just -- that ascertained -- pursue it resolutely - do not for one repulse forego the purpose that you resolved to effect -- Shakespeare

By bravely enduring - an evil which cannot be avoided is overcome -- Old Proverb

Every man who observes vigilantly and resolves steadfastly - grows unconsciously into genius -- Bulwer

Dinar Recaps 20 9/26/23 Dinar Recaps 20 9/26/23

KTFA Members "Tuesday Iraq News" 9-26-2023

KTFA:

Clare: Al-Sudani directs the suspension of official working hours on October 3

9/26/2023

Prime Minister Muhammad Shiaa Al-Sudani directed that official working hours be suspended on the occasion of National Day.

A brief statement received by Shafaq News Agency stated: Al-Sudani directed the closure on Tuesday, 10/3/2023, in all ministries and state institutions, in celebration of the National Day of the Republic of Iraq.

The Iraqi National Day is a day that was proposed in 2008 to be made a national day that falls on October 3, to commemorate the day of Iraq’s declaration of independence from the British Mandate and its joining the League of the United Nations, and that independence was on October 3, 1932. LINK

KTFA:

Clare: Al-Sudani directs the suspension of official working hours on October 3

9/26/2023

Prime Minister Muhammad Shiaa Al-Sudani directed that official working hours be suspended on the occasion of National Day.

Clare: Minister of Finance: Iraq aims to benefit from the expertise and capabilities of the Asian Bank

9/26/2023

Finance Minister Taif Sami Muhammad confirmed on Tuesday that Iraq aims to benefit from the expertise and capabilities of the Asian Bank.

A statement from the Ministry of Finance received by Al-Iqtisad News stated, “Minister of Finance, Taif Sami Muhammad, met with Konstantin Lemdtovsky, Vice President of the Asian Bank, and during the meeting, they discussed entering into joint projects related to the public and private sectors in the field of industry, transportation, and energy.”

The minister added, according to the statement, that “their desire to enter the field of infrastructure investment will be conveyed to the Iraqi government and will be provided with projects that Iraq considers top priorities,” pointing out that “Iraq aims to benefit from the expertise and capabilities of the Asian Bank in mobilizing financial resources for private investments.” In order to achieve comprehensive and sustainable development goals that are based on strengthening partnership with the private sector due to its importance to economic growth, in a way that contributes to increasing growth rates and job opportunities.”

It is worth noting that the Asian Infrastructure Investment Bank, one of the multilateral development banks, invests in sustainable infrastructure and other productive sectors in Asian countries, including (electric power, transportation, communications, rural infrastructure, agricultural development, water supply and sanitation, environmental protection, and urban development. LINK

MOAKES: Vietnam became a member on April 11,2016 and has 8,689 votes.
Maybe this will help the Dong to increase in value.IMO

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

Clare: Minister of Finance: The government continues its efforts for economic reforms

9/26/2023 Baghdad

The Minister of Finance and Governor of Iraq at the Asian Infrastructure Investment Bank, Taif Sami, participated today, Tuesday, in the work of the official session at the governors’ level in the bank for its second and final day, with the participation of the Director General of the Iraqi Fund for Foreign Development in the Ministry of Finance.

Clare: Al-Sudani: There is no need for the international coalition to be in Iraq

9/26/2023

Iraqi Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Tuesday, that “the terrorist organization ISIS today does not represent a threat to Iraq.”

Al-Sudani said, during an interview with “The National” newspaper, that “there is no longer a necessity for the existence of the international coalition that was formed to confront ISIS,” indicating that “the joint committee will meet during this month with the American side, and will emphasize the bilateral relationship with the United States for security cooperation.” We are open in all fields.”

The Prime Minister stated that "the presence of Syria, with its political system and people, is better than an unknown alternative that may plunge the region into a second war with ISIS, and any security confusion in Syria will unleash the monsters of terrorists and threaten security in Iraq and the region."

Yesterday, Monday, Al-Sudani received the commander of the international coalition forces to combat terrorism in Iraq and Syria, General Joel Fowell, in the presence of the American ambassador to Iraq. During the meeting, security cooperation relations between Iraq and the international coalition were reviewed in the scope of providing advice, arming, exchanging intelligence information, and in the field of training. Iraqi security forces; To develop it and raise its combat capabilities, according to an official statement.

The meeting witnessed, according to the statement, an emphasis on the continuation of the work of the joint committee between Iraq and the international coalition, which was formed following the visit of the security delegation headed by the Minister of Defense to the United States of America last August, which aims to determine the form of the future relationship with the coalition after the victory over ISIS gangs. Terrorism, the growing capabilities of the Iraqi forces, and their ability to carry out their tasks in providing security in all areas and areas of responsibility.

Al-Sudani recently confirmed that “the form of the relationship with the international coalition will be determined in the coming days.”

Al-Sudani said, in a meeting with a number of media professionals, that "the recent American movements were a process to replace the forces present in Syria, one brigade with another," adding that "there is no movement of the forces present in Iraq without the knowledge of the Iraqi government."

He pointed out that "Iraq does not need any combat forces," noting that the Iraqi-American joint committee will hold its meeting in mid-September to determine the form of the relationship with the international coalition.

US President Joe Biden and Iraqi Prime Minister Mustafa Al-Kadhimi signed an agreement officially ending the combat missions of US forces in Iraq by the end of 2021, more than 18 years after US forces were sent to the country.

Biden stressed that the American role in Iraq will focus on assistance in the field of training, in addition to combating the terrorist organization ISIS, and intelligence support.

There are currently about 2,500 American soldiers in Iraq, whose tasks are focused on confronting the remnants of ISIS, and the American role in Iraq will change completely to be limited to training and providing advice to the Iraqi army.

A US-led coalition invaded Iraq in March 2003, based on accusations that President Saddam Hussein's government possessed weapons of mass destruction. Saddam was removed from power, but such weapons were never found. LINK

DINARRECAPS8 9/26/23 DINARRECAPS8 9/26/23

Goldilocks' Comments and Global Economic News Tuesday AM September 26th

Goldilocks' Comments and Global Economic News Tuesday AM September 26th

Good morning Dinar Recaps,

Tanzania has started buying LOCAL #gold to bolster its foreign exchange reserves.

More and more countries are starting to do this.

Expect this to continue.

Goldilocks' Comments and Global Economic News Tuesday AM September 26th

Good morning Dinar Recaps,

Tanzania has started buying LOCAL #gold to bolster its foreign exchange reserves.

More and more countries are starting to do this.

Expect this to continue.

Read: https://x.com/goldtelegraph_/status/1706460993067651173?s=46

SILVER WARNING: SILVER SQUEEZE Is On Its Way - Andy Schectman

https://youtu.be/TlOJ8VXcgFk?feature=shared

~~~~~~~~~~

45% of US student loan borrowers expect to go delinquent when payments resume next month

Multipolar Market on X

~~~~~~~~~~

Starting the crash

https://youtu.be/yFEGvh0W2i4?feature=shared

~~~~~~~~~~

BIS Warning:

"the current build-up of leveraged short positions in US Treasury futures is a financial vulnerability worth monitoring because of the margin spirals it could potentially trigger."

👆 Liquidity issues are beginning to show up.

~~~~~~~~~~

UK banks/Basel 3.1: locals rule on international regulation | Financial Times
https://www.ft.com/content/92635e40-917d-4e63-8c82-5bf715bea2bc

~~~~~~~~~~

CBI Announcement:
Starting 2024: All dealings restricted to local currency in Iraq.

https://www.albawaba.com/business/starting-2024-all-dealings-restricted-local-currency-iraq-1535414

~~~~~~~~~~

"The $39 billion iShares 20+ Year Treasury Bond ETF (ticker TLT) has lost 48% from its 2020 all-time high and is trading at its lowest point since 2011, according to data compiled by Bloomberg."

https://www.bloomberg.com/news/articles/2023-09-25/long-treasury-etf-tlt-plunges-record-48-as-market-meltdown-worsens

~~~~~~~~~~

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

DINARRECAPS8 9/26/23 DINARRECAPS8 9/26/23

Iraq Economic News and Points to Ponder Tuesday AM 9-26-23

Iraq: The Dinar Instead Of The Dollar In Internal Transactions

Posted On2023-09-25 By Sotaliraq The Governor of the Central Bank of Iraq, Ali Al-Alaq, announced on Sunday that Iraq will limit all internal commercial and other transactions to its currency, the dinar, instead of the dollar, starting next year.

Al-Alaq said, according to what was reported by the News Agency (INA): “The coming year will witness the restriction of internal commercial and other transactions to the Iraqi dinar instead of the dollar, except for those delivered to travelers.”

Iraq Economic News and Points to Ponder Tuesday AM 9-26-23

Iraq: The Dinar Instead Of The Dollar In Internal Transactions

A few days ago, a senior official at the US Treasury Department told Reuters that the Central Bank of Iraq must address the ongoing risks resulting from the misuse of the dollar in Iraqi commercial banks, to avoid imposing new punitive measures targeting the financial sector in the country, pointing to acts of fraud, money laundering, and Iran’s evasion of sanctions. .

In July, the United States prevented 14 Iraqi banks from conducting transactions in dollars as part of a broader campaign against the illegal use of the American currency.

The official, who spoke on condition of anonymity, said that there are still other Iraqi banks operating with risks that “must be addressed,” despite the campaign.

Al-Alaq indicated, during his meeting on Sunday with the heads of the councils and authorized directors of the licensed banks, that the entry of most merchants into the official transfer channels and the provision of the dollar at a price of (1,320) dinars was a direct reason for controlling the general level of prices and decreasing the inflation rate, he said.

During the meeting, Al-Alaq also announced that the bank will dispense with external transfers “next year,” and that banks licensed in Iraq will rely on correspondent banks in external transfer operations.

This came after “an agreement between the Central Bank of Iraq and the US Federal Bank, similar to countries around the world, where central banks do not perform executive duties, and their role is focused on supervision and control,” according to “Iaa.” LINK

Al-Sudani: Exchange Rate Fluctuations Are A Battle Between The State And A Group That Lives On The Dollar

Policy 09-26-2023 | 1,179 views Alsumaria News – Politics The Prime Minister, Muhammad Shiaa Al-Sudani, confirmed today, Tuesday, that exchange rate fluctuations are a battle between the state that wants to stabilize correct transactions, and a group that used to live on the dollar, while specifying his position on the presence of the international coalition.

Al-Sudani said, in an interview with The National newspaper, followed by Al-Sumaria News, that “political disputes in Iraq are within their natural context, and resorting to the Federal Court is a healthy sign for the political system,” indicating that “All political forces today are talking about providing services and developing the economy, after... “The talk was about sectarianism, ethnicity, and components.”

He added: “We presented a vision for partnerships with countries in the region along the path of development, and this is the first time that a project has been presented that calls for everyone’s partnership,” stressing: “When the security situation inIraqWith controlISISThe entire region was affected, and millions migrated, so stability must be maintainedIraqAl -

Sudani stated, “More than 300 registered parties will run in the local elections, and this is a healthy indicator of stability,” pointing out that “the Social Protection Law addresses multidimensional poverty, and $4 billion has been allocated in 2023 to address poverty, and there are cash subsidies for school students.” And colleges and children of poor families to prevent the inheritance of poverty within the family.”

The Prime Minister stated that “the ration card is distributed in a specific quality to all citizens, and there is a card of a higher quality distributed among those included in the social protection network,” pointing out that “the treatments included in the three-year budget for the situation of poverty, Enough to end poverty rates inIraqradically within five years.”

Al-Sudani stressed: “We have no alternative but to support the private sector, and there is no session without it.” Ministerial Council for Economy of a decision in favor of this sector,” pointing out that “there is a war on corruption, and we have included the recovery of funds and wanted persons, within a systematic anti-corruption policy.”

He stated, “The reforms in tax, customs, and electronic payment all establish an environment that attracts the private sector and facilitates its work,” adding “The price of the dollar is related to the special reforms of the banking and financial sector, and the government has begun implementing the reforms, despite their social cost.”

Al-Sudani stated that “exchange rate fluctuations are a battle between the state that wants to stabilize correct transactions, and a group that used to live on the dollar,” explaining that “the outlets Illegitimate goods enter, and no taxes are paid, and this is money that goes to the parallel price.”

He pointed out, “Private banks take the dollar from the central bank and sell it in the parallel market, and these will be subject to sanctions,” adding, “IraqHe was the first to exercise his pioneering role in bringing points of view closer together, and he succeeded in doing so, and he continues to do so in the region.”

Al-Sudani continued, "The development road project is the best and shortest in its path, and the lowest in transportation costs among the projects proposed in the region, and achieves the purpose of trade between Asia and Europe."

He pointed out, "The presence of Syria, with its political system and people, is better than an unknown alternative that might plunge the region into a second war with ISIS, and any security confusion in Syria will unleash terrorist monsters and threaten security in Iraq and the region."

Al-Sudani reiterated his assertion: “ISIS today does not represent a threat to the Iraqi state, and there is no longer a need for the presence of the international coalition, which was formed to confront ISIS,” indicating that “the joint committee will meet during this month with the American side, and we emphasize the bilateral relationship with the United States for security cooperation.” We are open in all fields.” LINK

Al-Sudani Identifies The Parties Insisting On The Rise In The Price Of The Dollar

Economy | 09/25/2023 Mawazine News - Baghdad Member of the House of Representatives, Muhammad Sadoun Al-Sudani, today, Monday, identified the parties insisting on a rise in the exchange rate of the dollar in Iraqi markets, highlighting the difference between the Al-Kadhimi and Sudanese governments.

Al-Sudani said, in an interview followed by Mawazine News, that “there is a difference regarding the file of the exchange rate of the dollar against the dinar between the previous and the current government,” indicating that “it was the Al-Kadhimi government that worked to raise the exchange rate, while the Sudanese worked to reduce these prices.” .

He added, "There are local internal agendas, as well as international forces, that insist on the dollar remaining at this high level," pointing out that "the dollar is a major project whose goal is to force the government to follow a path desired by these international forces."

The member of the House of Representatives explained, “The current government has fought a lot in several areas, especially the dollar, as well as the issue of importing gas from Iran, to try to prevent Iraq from giving money to the Iranian government, which the American Federal Bank stands behind.”

The series of rising dollar exchange rates in Iraqi markets is still continuing, amid conflicting opinions about the real reasons that led to the exhaustion of the local currency again, especially as it began to rise to levels that threaten the country’s economy with great danger.

https://www.mawazin.net/Details.aspx?jimare=235501

The Outlets Announce The Seizure Of More Than 1.3 Billion Dinars Due To Fraudulent Tax Receipts

Money and business Economy News _ Baghdad Today, Tuesday, the Border Ports Authority announced the seizure of more than 1.3 billion dinars in a fraudulent tax receipts operation.

The authority said in an interview with the Iraqi News Agency, followed by Al-Eqtisad News, that “in coordination with the Presidency of the Basra Federal Court of Appeal, it seized a fraudulent operation in tax receipts that resulted in a waste of public money in the amount of 1,330,207,000 dinars,”

noting that “based on In line with the government program that emphasized combating the corruption pandemic, and based on the supervisory and audit role of the Border Ports Authority, the Authority’s cadres, with direct follow-up by the head of the Authority, Major General Dr. Omar Adnan Al-Waeli, were able to detect tampering and forgery in revenue receipts and tax deposits in the tax unit of the northern port of Umm Qasr. What is the reason? A waste of public money.”

She explained that "the process of detecting forgery was carried out by matching and auditing the receipts collected by the tax unit at the border port with the tax receipts sent by it to the headquarters of the General Authority for Taxes, and after boycotting and comparing them through a joint committee and in direct coordination with the head of the General Authority for Taxes, it was proven.

" The crime of forgery that resulted in a huge waste of public money in the amount of one billion three hundred and thirty million two hundred and seven thousand dinars, with the statement that this amount is for samples of companies and for a period of three months only,” indicating that “the method was presented to the Presidency of the Basra Federal Court of Appeal, which in turn referred the file to the Court of Appeal.”

The third Basra investigation to conduct a fundamental investigation into the importance and seriousness of the crime, according to the spatial jurisdiction, and work is underway under the supervision of the judiciary to audit all companies retroactively for the previous months and years through a committee from the Border Ports Authority and the General Tax Authority.”

The authority stressed that “these measures by the Border Ports Authority come to prevent anyone from harming the state’s revenues and to thwart any manipulation or forgery carried out by weak-minded people, and all criminals will be punished according to the law.”

Views 45 09/26/2023 - https://economy-news.net/content.php?id=36624

Points to Ponder on Endurance:

The conditions of conquest are always easy -- We have but to toil awhile - endure a while - believe always and never turn back -- Simms

I hold a doctrine - to which I owe not much - indeed - but all the little I ever had - namely - that with ordinary talent and extraordinary perseverance - all things are attainable -- T F Buxton

The nerve that never relaxes - the eye that never blenches - the thought that never wanders -- these are the masters of victory -- Burke

Hasten slowly - and without losing heart - put your work twenty times upon the anvil --Boileau

Perseverance gives power to weakness - and opens to poverty the world's wealth -- It spreads fertility over the barren landscape - and bids the choicest fruits and flowers spring up and flourish in the desert abode off thorns and briers -- S G Goodrich

Persistent people begin their success where others end in failure -- Edward Eggleston

Dinar Recaps 20 9/26/23 Dinar Recaps 20 9/26/23

"Tidbits From TNT" Tuesday Morning 9-26-2023

TNT:

Tishwash: The Minister of Finance participates in the meetings of the Asian Infrastructure Investment Bank

The Minister of Finance, Taif Sami, Governor of Iraq, participated in the Board of Governors of the Asian Infrastructure Investment Bank, Director of the Iraqi External Development Fund, within the eighth annual meeting of the Asian Infrastructure Investment Bank, held on September 25/26 in Sharm El-Sheikh.

The Minister of Finance indicated, during the meeting, which was opened by Egyptian President Abdel Fattah El-Sisi, with the participation of 106 countries, including Iraq, which is participating for the first time, that “this meeting is of the utmost importance for Iraq, as it is the first meeting after joining the bank, and out of belief in the role that the bank plays with Iraq’s need to rehabilitate it.”

TNT:

Tishwash: The Minister of Finance participates in the meetings of the Asian Infrastructure Investment Bank

And the development of its infrastructure, which is considered one of the most promising markets, especially in the field of industry, transportation and energy. All legislative and legal procedures were completed and the Iraqi flag was raised among the member states.

Sami stressed the bank’s role in deepening cooperation between all parties, enhancing communication between Asia and the countries of the world, stimulating investments, and financing infrastructure projects in light of the global financial crises.

She added, "The meeting is of great importance for the effective contribution to opening new horizons for the Bank with member states, as they are in dire need of huge infrastructure projects, reconstruction, climate efforts, and the green economy," and pointed out the projects that the Bank can finance that would achieve economic development in developing countries. Including Iraq.

In a related context, Finance Minister Taif Sami met with the Vice President of the Asian Bank, Konstantin Lemdtovsky, and they discussed entering into joint projects related to the public and private sectors in the field of industry, transportation, and energy.

Sami explained that their desire to enter the field of infrastructure investment will be conveyed to the Iraqi government and provide them with projects that Iraq considers top priorities. She pointed out that Iraq aims to benefit from the experiences and capabilities of the Asian Bank in mobilizing financial resources for private investments, in order to achieve comprehensive and sustainable development goals. ./End 5 link

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

Tishwash: Abdul Mahdi from Shanghai: Iraq approved more than 10 billion dollars to implement the Chinese agreement

Former Prime Minister Adel Abdul Mahdi stated on Tuesday that more than 10 billion US dollars had been allocated in the tripartite budget to implement the "Iraqi-Chinese Framework Agreement."

This came in his speech during the fourth session of the China-Arab Forum for Reform and Development held in the Chinese city of Shanghai.

Abdul Mahdi said in his speech that China has “comprehensive strategic partnership relations with (14) Arab countries, including Iraq,” indicating that the volume of trade exchange in 2022 between China and the Arab countries is (431.442) billion dollars, an increase of 30% annually.

He confirmed that (17) Arab countries have become members of the Asian Infrastructure Investment Bank, and he noted that.

Abdul Mahdi continued by saying that: The “Belt and Road” project has come a long way with the Arab countries, adding that on September 6, 2023, the Arab foreign ministers confirmed at the Arab League meeting, their support for the “Belt and Road” initiative, and strengthening the mechanism for building the Arab-Chinese Cooperation Forum. To sign (21) Arab countries - including Iraq - to participate in the “Belt and Road” initiative, and to integrate the initiative with Arab development strategies. Many sensitive projects have been completed - or are under implementation - with most of these countries.

He added, "In Iraq, an amount of $10.510 billion was approved in the state budget for the years (2023-2025) under the title of the 'Iraqi-Chinese Framework Agreement.'

It is noteworthy that the Belt and Road Initiative was established on the ruins of the Silk Road in the nineteenth century in order to connect China with the world, making it the largest infrastructure project in human history.

The initiative was incorporated into the Constitution of the People's Republic of China in 2017, and the Chinese government describes the initiative as "an attempt to enhance regional connectivity and embrace a brighter future." The project's target completion date is 2049, which will coincide with the centenary of the founding of the People's Republic of China. ink

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

Tishwash: Iraq and the World Bank are discussing a mechanism for auditing the development road project designs

Today, Monday (September 25, 2023), the Ministry of Transport announced the details of the meeting of the Minister of Transport, Razzaq Al-Saadawi, with representatives from the World Bank to discuss the development path and plans to develop mass transit and railways in Iraq.

The Ministry stated in a statement received by “Baghdad Today” that “Minister of Transport, Razzaq Muhaibas Al-Saadawi, received today, Monday, a delegation from the World Bank, in the presence of the Undersecretary for Administrative Affairs, Dr. Hazem Al-Haffi, and a number of general directors in the Ministry, and discussed with them the mechanism for reviewing and auditing project designs.” Prepared by the Italian consultant, in accordance with the directives of Prime Minister Muhammad Shiaa Al-Sudani.”

She explained that “the World Bank delegation was headed by Engineer Ibrahim Al-Dajjani, Director of the Transport Sector in the Middle East and North Africa, and the membership of Soran Hama Ali, Senior Infrastructure Specialist and Director of the Transport Sector in Iraq, and Derek Mahoney, Senior Infrastructure Specialist within the World Bank Group.” While present alongside the Minister were the Undersecretary for Administrative Affairs, Hazem Al-Haffi, the Director of the General Company for Transporting Passengers and Delegations, Engineer Karim Kazem Hussein, the Director of the General Company for Iraqi Railways, Engineer Younis Al-Kaabi, a representative of the International Cooperation Department, and a number of other officials.

The Ministry indicated that "the meeting discussed a number of strategic projects that are the top priorities of the Ministry's work, especially the development road project, the rehabilitation and development of the network of railway lines and mass transit in the country, and the development of a plan for cooperation to implement these priorities to improve the national economy and serve Iraqi citizens."

She added, "The Minister stressed during the meeting that the development road is an important, vital regional project, and we look forward to its full implementation and completion, indicating that the Iraqi government is looking forward to benefiting from the global expertise of the World Bank in the field of regional and intercontinental transport and in the field of providing the Ministry of Transport with specialized advice, opinions, and viewpoints." “Related to the project designs prepared by the Italian consulting company designing the project.” link

Mot: ...... Say Cheeeeese!!!! ~~~~~

Mot: ...... WHAT!!!!!

DINARRECAPS8 9/25/23 DINARRECAPS8 9/25/23

Goldilocks' Comments and Global Economic News for September 25th

Goldilocks' Comments and Global Economic News for September 25th

Good afternoon Dinar Recaps,

“CGI is an active member of the FedNow community and is working to onboard clients and empower them to deliver instant payment services to their customers at a pace that’s right for them.”

The Common Global Implementation (CGI) initiative has as its goal to service corporate and private foreign currency exchanges. CGI works to promote ISO20022 messaging service to move their 40% share of the market. Their work (CGI) with the FEDNOW services allows seamless transitions of payment services in cross-border International trading.

Goldilocks' Comments and Global Economic News for September 25th

Good afternoon Dinar Recaps,

AssetServicingTimes Link

Swift Link

~~~~~~~~~~

"The public comment period on the BLM oil and gas leasing rule closes Friday"

When a public comment period of time closes on new rules being applied to any market sector, information is gathered to form final rules to be implemented.

This helps us to move forward with a more clear proposal leading to new laws taking place in the oil market.

The Bureau of Land Management now moves to some of their final stages of reforms in the oil sector. These new rules will give us guidelines to follow and help form a real value in the oil market.

© Goldilocks

KSUT Link

~~~~~~~~~~

Gold and Silver market sectors have a built-in market transition in play through Basel 3. We are still waiting for this to be completed. Timelines have been extended out.

It is the oil markets and green initiative formations of new guidelines and rules that have less clarity.

The oil markets are moving along well, it is finding the money to pay for green initiatives going forward with a laboring workforce that is a growing concern.

I am aware that trillions of dollars have already been spent by several countries around the world to kickstart our new green initiatives through green bonds. We have talked about this in a previous article.

Currently, this is a summary of where the supporting sectors of our economy are at the moment.

© Goldilocks

Structural Reforms to Accelerate Growth, Ease Policy Trade-offs, and Support the Green Transition
IMF Link

~~~~~~~~~~

The Equal Credit Opportunity Act: Ensuring Fairness and Equality in Real Estate Transactions

The Equal Credit Opportunity Act (ECOA) is a crucial piece of legislation that has been instrumental in ensuring fairness and equality in real estate transactions. Passed in 1974, the ECOA prohibits lenders from discriminating against credit applicants based on factors such as race, color, religion, national origin, sex, marital status, age, or receipt of public assistance. This landmark law has played a vital role in leveling the playing field for all individuals seeking credit, particularly in the realm of real estate transactions.

OffPlanPropertyExchange Link

~~~~~~~~~~

Congress:

U.S. Senate
Committee on Banking, Housing, and Urban Affairs

Hearing: Artificial Intelligence in Financial Services

September 20, 2023
The U.S. Senate Committee on Banking, Housing, and Urban Affairs held a hearing entitled, "Artificial Intelligence in Financial Services."

Hearing

Chair Brown Statement

~~~~~~~~~~

U.S. House of Representatives:

Committee on Financial Services
Markup of National Security, Privacy, & CBDC Legislation

September 20, 2023
The. U.S House Committee on Financial Services held a markup of legislation on national security, financial privacy, and the issuance of a central bank digital currency.

Markup

Chair McHenry Statement

~~~~~~~~~~

SEC approves ACEN Corporation’s ASEAN green bonds | Philippine News Agency
https://www.pna.gov.ph/articles/1183158

~~~~~~~~~~

Taking Treasury Bills Onchain with Martin Carrica

https://youtu.be/Num5sWoMJGI?feature=shared

~~~~~~~~~~

Al-Sudani: Implementation of the unified treasury account and electronic payment are among the most important measures of financial

WordPress Link

~~~~~~~~~~

Global food inflation worsens

Domestic food price inflation remains high, with people in Venezuela, Lebanon, Argentina, Türkiye, and Zimbabwe particularly hard hit, according to the World Bank.

The most recently available monthly data show rates of increase above 5% in:

▪ 52.6% of low-income economies (vs. 63.2% in prior reading)

▪ 86% of lower-middle-income economies (vs. 79.5% prior)

▪ 64% of upper-middle-income economies (vs. 67% prior)

▪ 73.2% of high-income economies (vs. 78.9% prior)

In real terms, food price inflation exceeded overall inflation in 81% of the 162 countries for which data are available, according to the World Bank's latest updated food security report.

https://twitter.com/MultiPolarMarkt

~~~~~~~~~~

Evergrande has failed to meet the qualifications for issuing new notes under its debt restructuring plan.

Yikes.

Read: https://x.com/goldtelegraph_/status/1706339884485726278?s=46

~~~~~~~~~~

Ethereum has been disappointing since the Shanghai upgrade, Hong Kong to release Stablecoin Regulations

Tekedia Link

~~~~~~~~~~

When you take a look at the US Debt Clock, notice the new numbers added regarding it being a ratio based on 5 years.

Currently, gold and silver are at zero. Those are the numbers we want to see change.

We do have oil-to-solar ratios. This is good to see, yet we are still in oil reforms that could easily change those numbers.

Change is coming, and it looks like oil has a new ratio measuring mechanism.

© Goldilocks

https://www.usdebtclock.org/

~~~~~~~~~~

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

DINARRECAPS8 9/25/23 DINARRECAPS8 9/25/23

Iraq Economic News and Points to Ponder Monday Afternoon 9-25-23

Tlm724 Administrator Bondlady’s Corner

JP Morgan Expects Oil Prices To Rise To $150

Energy Economy News – Baghdad Giant investment bank JPMorgan (NYSE:JPM) reported that the price of Brent crude oil futures is likely to continue rising to $150 per barrel during 2025, supported by the OPEC Plus alliance’s crude oil cuts led by Saudi Arabia and Russia.

This may be offset by a strong increase in demand for oil, which will eventually boost crude prices. It also seems likely that the oil market may witness severe shocks on both the supply and demand sides that could potentially result in a rise in crude oil prices.

Iraq Economic News and Points to Ponder Monday Afternoon 9-25-23

Tlm724 Administrator Bondlady’s Corner

JP Morgan Expects Oil Prices To Rise To $150

US Bank experts reported that the recent moves taking place in the energy market to reduce dependence on fossil fuels, which will have an impact in enhancing the lack of investment in new crude oil production operations.

In the current year 2023, JP Morgan analysts expect that the price of Brent will range between $90 and $110, and then oil will reach higher levels in 2025. Supported by the global imbalance between supply and demand for crude oil at 1.1 million barrels per day for 2025.

Views 42 /2023 - 2:12 PM https://economy-news.net/content.php?id=36613

Experts: Iraq Faces An Opportunity To Diversify Oil Export Trends

Energy Economy News _ Baghdad Experts in energy and economic affairs have suggested that Iraq will occupy a large space in global oil markets, especially European ones, as a result of the decline in Russian supplies to the “Old Continent,” highlighting the geopolitical and economic importance of oil alike, as oil exerts a major strategic influence and role in political and economic security. Social and military issues for exporting and importing countries, stressing the possibility that black gold prices will continue to rise during the coming periods as a result of declining supplies and the onset of winter.

In support of the expectations expressed by many specialists regarding the continued rise in oil prices in the coming periods, JPMorgan International Bank believes that the currently high oil prices have the potential to increase further in the coming period, and that Brent crude oil may rise to $150 per barrel.

In the midst of this, member of the Parliamentary Oil, Gas and Natural Resources Committee, Zainab Al-Moussawi, explained that directing foreign direct investment towards the oil sector leads, as a result, to increasing financial resources and enhancing the state’s public revenues, which reflects positively on the economic development process.

Al-Moussawi said in a press statement seen by Al-Iqtisad News, “The Sudanese’s recent visit to New York included important and very positive meetings with the heads of several countries, including major countries in the field of oil and gas, which resulted in their invitation to invest in the oil sector, as they expressed a high desire. "This indicates noticeable progress recorded by the Iraqi government."

Al-Mousawi added, “The research hypothesis stems from foreign investment directed toward important economic sectors, as this leads to the development of those sectors, and that directing foreign direct investment toward the oil sector leads, as a result, to increasing financial resources and enhancing the state’s public revenues, which reflects positively on the process of economic development and restoration.” Reconstruction in Iraq.

The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that the acceptable average oil price indicated by Prime Minister Muhammad Shiaa Al-Sudani, between 85 and 95 dollars, would reduce the financial deficit and achieve sufficient balance and guarantees for spending on development and reconstruction projects, indicating that it is a vision. Iraq to bring balance and stability to the global economy.

Saleh explained that “the average price of a barrel of oil, which is about 15 to 20 dollars higher than what is in the general budget, will reduce the planned fiscal deficit.”

In turn, researcher and academic Dr. Abdul Karim Al-Issawi says that Iraqi oil has a large and important role in the global market. Oil is no longer the material that is marketed like all other materials or only a financial and economic resource, but rather oil has become an influence and a major strategic role in political, economic and social security.

And the military for exporting and importing countries, whether in peacetime or war, pointing out at the same time that most of Iraqi oil exports are heading to three markets: Asian, European, and American, at a rate of 64 percent, 27 percent, and 6 percent, respectively, for the year 2021.

Al-Issawi explained, “Iraq prefers to export its oil to Asian countries in order to maximize its revenues because insurance and transportation costs are borne by the buyer, and thus these costs do not appear in the pricing equation for oil exported to Asia. On the one hand, Iraq bears part of the insurance and transportation costs when it exports to Asia.” European markets reach about $3, and $3.3 per barrel for the American market due to the long distance, in addition to the traffic fees imposed on oil tankers that pass through water canals.”

Al-Issawi pointed out that “the Russian-Ukrainian war and the American-European economic sanctions imposed on Moscow changed the map of global trade in general and energy in particular, especially Russian trade, which subsequently redirected many shipments towards Asia via the Mediterranean and the Suez Canal.”

Al-Issawi also pointed out that “China and India are the main traditional partners for Iraqi oil exports, but according to what was reported by one of the international companies, Russian oil exports transported by sea to India and China have grown very significantly since the beginning of 2022, and have risen to record levels within one year of 704 thousand barrels per day to about 1,258 thousand barrels, and therefore Iraqi oil exports to India and China have witnessed real competition with Russian oil exports, especially after Russia made offers and discounts to buyers of its crude oil exports,” pointing out that “these speculations were confirmed by Iraqi oil exports.” To India, which recorded its lowest level in 20 months during October 2022, a decrease of 6.9 percent compared to the previous year.

For his part, economic researcher Mustafa Al-Jayashi says that it is possible for Iraq to exploit the situation to its advantage. Iraqi crude oil may be an alternative to Russian crude oil in Europe if appropriate conditions exist.

Al-Jayashi stated that the countries of the Old Continent are facing a cold winter, in addition to being suffering from a large deficit in their energy balance. In 2021, the total production of crude oil in Europe reached about 527.13 million barrels per day, meaning that it imported more than 10 million barrels. daily to meet its needs, and it relies on Russian crude oil to meet 28 percent of this need.

Views 75 09/25/2023 https://economy-news.net/content.php?id=36595

Oil Prices Rise...And Brent Exceeds $93 Per Barrel

Economy Monday, September 25, 2023 Baghdad/National News Center

Oil prices rose on Monday, with investors focusing on expectations of supply shortages after Moscow issued a temporary ban on fuel exports amid continuing concerns that another interest rate hike could weaken demand.

Brent crude futures rose 48 cents, or 0.5 percent, to $93.75 a barrel by 0110 GMT, after falling three cents upon settlement on Friday.

US West Texas Intermediate crude futures continued their gains for the second session in a row, trading at $90.53 per barrel, up 50 cents, or 0.6 percent. https://nnciraq.com/228403/

The Rise In Dollar Prices In Baghdad Markets

Time: 09/25/2023 11:20:17 Read: 3,263 times {Economic: Al-Furat News} Dollar prices rose on Monday in Baghdad markets The prices were as follows.. The selling price was 155,500 Iraqi dinars, while the purchase amounted to 153,500 dinars per 100 dollars. LINK

The Central Bank Sells More Than $198 Million In Currency Auction

Economy News – Baghdad Today, Monday, the Central Bank of Iraq’s sales in the foreign currency sales window amounted to more than 198.5 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 49 exchange companies, and foreign transfer requests covered $178.5 million, while cash requests amounted to more than $20 million.

115 views 09/25/2023 - https://economy-news.net/content.php?id=36603

A Representative Demands To Host The Sudanese Regarding The Governor Of The Central Bank

Iraq Monday, September 25, 2023 2:38 PM Baghdad/National News Center Today, Monday, Member of Parliament Hadi Al-Salami submitted a request to host the Prime Minister in Parliament, to explain the reasons for not completing the assignment of the Governor of the Central Bank and not controlling the rise in the exchange rates of the dollar against the Iraqi dinar in the parallel market https://nnciraq.com/228527/

Parliamentary Investment: The Path Of Development Will Enhance Economic Growth In Basra

Time: 09/25/2023 17:11:04 Read: 481 times {Local: Al-Furat News} The Parliamentary Investment Committee confirmed, today, Monday, that the development path will enhance economic growth in Basra Governorate.

Committee member Asaad Al-Bazuni said {to Al-Furat News} that: “The large Al-Faw port project has great strategic importance in the region, in addition to the fact that establishing the development road and working on it will contribute to creating great job opportunities.”

He added, "This road will also enhance economic growth in Iraq in general and Basra in particular."

Al-Bazuni continued, "This road will bring economic growth and a very positive social situation to Basra."

Prime Minister Muhammad Shiaa Al-Sudani said in a speech he delivered during the meetings of the United Nations General Assembly in its 78th session, that the development road project is “the pioneering and most modern project in the region, and it is the vital land channel linking basic economic parts in our developing region,” stressing that “ “The most appropriate and best path for trade and economic exchange in the region.”

Al-Sudani stressed that “in the field of transportation and economics, it has come to represent a strategic Iraqi vision for interconnection and communication with the world, and positive economic interaction.”

Yesterday, Sunday, Minister of Transport Razzaq Muhaibes Al-Saadawi announced the completion of preliminary designs of the second section of the development road project next October. LINK

Planning: The Central Bureau Of Statistics Begins Implementing The Financial Inclusion Survey For Transportation And Communications Companies In The Private Sector

Monday 25, September 2023 Economical Number of readings: 252 Baghdad / NINA / The Ministry of Planning announced, today, Monday, that the Central Bureau of Statistics has begun implementing a financial inclusion survey for transportation and communications companies in the private sector in all governorates, including the governorates of the Kurdistan region, which is the first of its kind in Iraq.

The Ministry explained in a statement: The survey will provide data that serves the various activities that contribute to calculating the gross domestic product and provide data on financial and banking services, loans, credit, savings, and insurance, which contribute significantly to achieving comprehensive economic development, improving living standards, providing job opportunities, promoting equal opportunities, and financing projects. Small and medium-sized enterprises, which ensure comprehensive and sustainable economic growth./End 8 https://ninanews.com/Website/News/Details?key=1079658

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

https://www.bondladyscorner.com/

Points to Ponder Brainstorming:

#1 -- If you could have one item that you own and it never break - never wear out - or get lost what would you choose?

#2 -- What is the best gift you've ever received?

#3 -- To the best of your recollection - what would you say is the nicest thing you've ever done for your parents? What would be the nicest thing they have done for you?

#4 -- What is the nicest thing you have ever done for a friend or an unknown person or group?

DINARRECAPS8 9/25/23 DINARRECAPS8 9/25/23

The Bloc Of Countries That Wants To Overthrow The US Dollar Is Set To Gain 6 New Members

The Bloc Of Countries That Wants To Overthrow The US Dollar Is Set To Gain 6 New Members — here's what the potential recruits have said about de-dollarization

Huileng Tan Mon, September 25, 2023

The BRICS bloc of emerging nations has invited six new countries to join the group. Iran has been the most vocal about de-dollarizing. The positions of other potential members vary. Including major oil exporters Saudi Arabia, Iran, and the UAE intensifies the de-dollarization debate.

The BRICS group of emerging nations may have wrapped up its annual summit with no common currency last month and members issuing contradictory commentary about the greenback — but it doesn't mean its drive to de-dollarize is over.

The bloc is anchored by Brazil, Russia, India, China, and South Africa. It has invited six countries to join the alliance, which hopes to upset the dollar's dominance and become an alternative to the dominant Western world order.

The Bloc Of Countries That Wants To Overthrow The US Dollar Is Set To Gain 6 New Members — here's what the potential recruits have said about de-dollarization

Huileng Tan Mon, September 25, 2023

BRICS's newly invited members are Iran, the United Arab Emirates, Egypt, Argentina, Saudi Arabia, and Ethiopia. Iran, which has been heavily sanctioned by the US, has been the most vocal about transacting in non-dollar currencies, while the others have taken various positions about alternatives to the greenback.

The inclusion of major energy exporters such as Saudi Arabia, Iran, and the UAE on the list of potential BRICS members is a big deal because energy commodities — which are typically denominated in US dollars — are heavily traded and a key component of the global economy.

Therefore, any move by these energy exporters to trade in non-dollar currencies could gain momentum in the broader economy.

"Together with fellow oil and gas exporters Iran and the UAE, the admission of Saudi Arabia to the BRICS grouping will inevitably focus the debate on the use of non-dollar currencies in trade," wrote analysts at the Dutch bank ING in an August 24 note, referring to the ongoing debate over de-dollarization.

Here's what the six new potential members have signaled about the move away from the dollar.

Heavily sanctioned Iran has long been trying to de-dollarize

Iran — a major oil producer — has been on a drive to de-dollarize for years.

Tehran made a major push to de-dollarize in a May meeting with 11 other countries including India, Russia, and Sri Lanka.

Given that Iran has been sanctioned for years, the Middle Eastern country has been discussing using the yuan to settle trade as far back as 2010. In 2012, China started buying crude oil from Iran using the yuan.

https://finance.yahoo.com/news/brics-bloc-may-soon-6-004226637.html