Goldilocks' Comments and Global Economic News Sunday Evening 12-3-23

Goldilocks' Comments and Global Economic News Sunday Evening 12-3-23

Good Evening Dinar Recaps,

 Iraq recently published new final guidelines stating their intent to be free from money laundering and terrorist interaction.

This allows them to be viewed as a banking system free from a sanctions list upon its implementation.

It is a letter of intent and declaration recognizing the achievement of their training that they have gone through to reach this goal.

© Goldilocks https://cbi.iq/news/view/2479

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Iraq is making their final arrangements to work with Turkey through a signed agreement utilizing the Euro and Turkish Lira and the Iraqi Dinar only in their trade exchanges with one another.

"This also comes in the context of regulating trade and external transfer in accordance with sound practices and standards and within the framework of the comprehensive plan pursued by the Central Bank to open multiple channels, outlets and currencies with the aim of maintaining the stability of the financial system and protecting it from risks."

These statements refer to opening up channels of foreign exchange with each other. It is a declaration of intent to work with multiple channels of foreign exchange among countries.

We already know they have signed a comprehensive agreement with India to work with the UPI system that will incorporate a group of other countries in trading in the dinar only beginning early January.

In the middle of this month, we are expecting the banking managers of Iraq to complete their banking reforms. This will give them just enough time to work with their employees on logistics training in exchanging the Iraqi Dinar only internationally for two weeks.

© Goldilocks
https://cbi.iq/news/view/2478

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India holds the key to a global shift away from Swift      LiveMint Link

👆  Goldilocks pointed to this article

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Banking Announcement:

"Market forecasts now predict the Federal Reserve will cut rates earlier than previously anticipated, according to the CME Fedwatch Tool, with market participants now expecting cuts to begin as soon as March 2024."

With new countries around the world beginning to trade in their own local currencies instead of the dollar. This move will stimulate spending and put more money into the hands of the consumers allowing more money flow to increase demand and worth of currencies around the world, and not, just the dollar.

© Goldilocks

https://bankingjournal.aba.com/tag/aba-data-bank/
EconLib Link

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Vietnam is beginning to really expand its Trading partnerships with other countries. This will increase demand for their currency and begin creating price pressures on it.

Their ability to trade in their own local currencies instead of the dollar will change their landscape considerably regarding money flow to their country and money flow into others through free trade agreements.

© Goldilocks

TheDiplomat Link
VNExpress Link

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Gold Ready For Massive BREAKOUT? $40 Silver Incoming?

https://youtu.be/QGwbdhMir6M?feature=shared

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Ripple #XRP News - BREAKING NEWS!

CHARLES SCHWAB AND YAHOO LIST XRP LIQUID INDEX FUNDS!

#BITCOIN ABOUT TO TEST $40,000

youtu.be/onnfivQjuso

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The number of unique funds on DTCC’s Alternative Investment Product Services (AIP) has surpassed 10,000, the company has announced.

This marks a 20 per cent increase in unique funds over the past 12 months. The number of clients using the product has also risen by 28 per cent to more than 2,200.

AIP, launched in 2008, provides clients with a standardised reporting and trading platform, linking the alternative investments industry and exchange data.

It acts as a transaction processing and trade execution channel, connecting product dividers and issuers to distributors.

Through the service, DTCC aims to reduce the cycle time for transaction execution, removing manual processes and improving transparency and resiliency.   AssetServicingTimes Link

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We are making progress on the Paris Agreement, but large gaps remain. 

DMD Bo Li says more #climateambition & a strong response to the Global Stocktake is needed to increase investment in climate mitigation, accelerate diffusion of low-carbon tech. #COP28

IMF Twitter Link

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Spot bitcoin ETF approval is approaching, experts say. What to know   CNBC Link

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DUBAI, United Arab Emirates (AP) — Commercial ships came under attack Sunday by drones and missiles in the Red Sea and a U.S. warship there opened fire in self-defense as part of an hours-long assault claimed by Yemen’s Houthi rebels, officials said.

The attack potentially marked a major escalation in a series of maritime attacks in the Mideast linked to the Israel-Hamas war as multiple vessels found themselves in the crosshairs of a single Houthi assault for the first time in the conflict.

“We’re aware of reports regarding attacks on the USS Carney and commercial vessels in the Red Sea and will provide information as it becomes available,” the Defense Department told The Associated Press.

The Carney is an Arleigh Burke-class guided-missile destroyer that’s already shot down multiple rockets the Houthis have fired toward Israel so far in the war. It wasn’t damaged in the attack and no injuries were reported on board, said a U.S. official who spoke on condition of anonymity to discuss early details of a military operation.

AP News Link

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Iraq Economic News and Points to Ponder Sunday Afternoon 12-3-23

Iraq Economic News and Points to Ponder Sunday Afternoon 12-3-23

Tlm724 Administrator Bondlady’s Corner

Association Of Banks: Agreements With Türkiye Will Lead To Lowering The Dollar Exchange Rate

Economy News – Baghdad  The Iraqi Private Banks Association confirmed that the agreements with Turkey will lead to reducing the dollar exchange rate and increasing citizen confidence in the dinar.

The head of the Iraqi Private Banks Association, Wadih Al-Handal, said on his Facebook page, followed by Al-Iqtisad News, “We discussed with the Turkish Central Bank and all of Turkey’s banks the reorganization of trade financing between Iraq and Turkey, using the Iraqi dinar, the Turkish lira, and the euro.”  Al-Handal stressed, "The agreements with Turkey will lead to reducing the dollar exchange rate and increasing citizen confidence in the dinar."  12/03/2023 - https://economy-news.net/content.php?id=38073

Find Out The Exchange Rate Of The Dollar Today In Baghdad

Economy   Sunday, December 3, 2023  Baghdad/National News Center  Today, Sunday, the dollar exchange rates witnessed stability in the markets of the capital, Baghdad, with the opening of the Al-Kifah and Al-Harithiya stock exchanges to record 156,250 dinars for 100 dollars, which are the same prices that were recorded yesterday, Saturday.

Selling prices in money exchange shops in local markets in Baghdad reached 157,250 dinars per 100 dollars, while purchasing prices reached 155,250 dinars per 100 dollars.  https://nnciraq.com/239462/

Gas Reserves.. Iraq Is Fifth In The Arab World And Tenth In The World

Sunday 03, December 2023 | Economical Number of readings: 336  Baghdad / NINA / The Ministry of Oil revealed, on Sunday, that Iraq’s gas reserves are estimated at 132 trillion standard cubic feet, ranking fifth in the Arab world and tenth in the world in terms of gas reserves.

The director of the Petroleum Research and Development Center said: “Iraq’s gas reserves are estimated at 132 trillion standard cubic feet, ranking fifth in the Arab world and tenth in the world in terms of gas reserves,” stressing that “the importance of natural gas in any country comes from it being an important source of thermal, mechanical and electrical energy.”

 In various sectors, it is considered the cleanest and least polluting fuel for the environment and is a raw material for petrochemical industries, in addition to helping to grow a quarter of the energy consumed in the world.”

He continued, "Gas investment guarantees a significant improvement in the outputs of electric energy production and a reduction in emissions that are harmful to the environment," noting that "Iraq has committed to financing large project plans with its partners in (the Basra Gas Company) or its completed or under construction projects with the rest of the companies operating its fields." Petroleum production within licensing rounds.

He pointed out, "The possibility of Iraq being one of the suppliers of gas in the world if its reserves are properly invested in accordance with well-studied strategic plans and timetables for this important file and the implementation of the plans," explaining that "natural gas did not receive sufficient investment attention during the previous period."

He explained that "Iraq ranks fourth in the world in burning gas, with its quantities estimated at 14 billion cubic meters annually as a result of the delay in its investment plans and the lack of sufficient funds for that."/End   https://ninanews.com/Website/News/Details?key=1093321

More Than 5 Million Barrels Of Iraqi Oil Exports To America Within A Month

Energy  Economy News – Baghdad  The US Energy Information Administration announced on Sunday that Iraq's oil exports to America amounted to more than 5 million barrels during the month of November.

The administration said in its table, “Iraq exported 5.130 million barrels of crude oil to America during the month of last November, with an average of 171 thousand barrels per day, lower than the month of October, in which Iraqi oil exports to America amounted to 7.322 million.” barrels, with an average of 236 thousand barrels per day.

She added, "Iraq exported crude oil to America during the first week of November at an average of 187 thousand barrels per day, while it exported an average of 283 thousand barrels per day in the second week, and exported an average of 36 thousand barrels per day in the third week," noting that "the fourth week's exports It reached an average of 178 thousand barrels per day.

The US Energy Information Administration stated that "Iraq ranked sixth in its exports to America during the past month after: Canada, Mexico, Saudi Arabia, Colombia, and Brazil, and ranked second in the Arab world after Saudi Arabia, whose exports to America reached 6 million barrels," indicating that "Canada It ranked first as the country that exports the most oil to America, followed by Mexico.

Views 40 12/03/2023 - https://economy-news.net/content.php?id=38070

The Iraqi Stock Exchange Closes Up By 1.27% 

Market   Economy News – Baghdad   The Iraqi Stock Exchange closed, on the first day of trading this week, up by 1.27%.

The session traded shares of 22 companies, with the number of shares traded reaching more than 1.1 billion shares, with a value of more than 1.1 billion dinars.

Metal and bicycle stocks rose by 15%, followed by the National Bank by 10.4%, and the Middle East Bank by 9.09%.

Al-Mansour Hotel shares fell by 2.43%, followed by Baghdad Iraq Public Transport by 1.75%.

Views 35 12/03/2023 - https://economy-news.net/content.php?id=38083

The Central Bank To Al-Iqtisad News: We Have Organized Foreign Trade And Most Goods Are Imported At The Official Price

The Central Bank of Iraq confirmed that some Iraqi banks are currently transferring dollars from their accounts in intermediary banks to their coffers and distributing them to their customers.

Assistant Director of the Investment Department at the Central Bank, Muhammad Yunus, told Al-Iqtisad News that some Iraqi banks are transferring the dollar from their accounts in intermediary banks to the bank’s treasury for the purpose of disbursing it to their customers.

He added that the step of transferring bank balances in the dollar currency will contribute to reducing the exchange rate of the parallel dollar

He stressed that the Central Bank does not allow banks to return remittances in the dollar currency

He pointed out that the Central Bank of Iraq regulated foreign trade, and most goods are imported at a price of 1,320 dinars, so their prices did not rise.

130 views 12/01/2023 - https://economy-news.net/content.php?id=38026

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

https://www.bondladyscorner.com/

Provoking Points To Ponder on Character:

Men best show their character in trifles, where they are not on their guard - it is in insignificant matters, and in the simplest habits, that we often see the boundless egotism which pays no regard to the feelings of others, and denies nothing to itself -- Arthur Schopenhauer

We want the spirit of America to be efficient: we want American character to be efficient; we want American character to display itself in what I may, perhaps, be allowed to call spiritual efficiency -- clear disinterested thinking and fearless action along the right lines of thought -- Woodrow Wilson

When the late J P Morgan was asked what he considered the best bank collateral, he replied, "Character"

A man may be outwardly successful all his life long, and die hollow and worthless as a puff-ball; and he may be externally defeated all his life long, and die in the royalty of a kingdom established within him -- A man's true estate of power and riches, is to be in himself; not in his dwelling, or position, or external relations, but in his own essential character -- that is the realm in which he is to live, if he is to live as a Christian man -- H W Beecher

A good character is, in all cases, the fruit of personal exertion -- it is not inherited from parents; it is not created by external advantages; it is no necessary appendage of birth, wealth, talents, or station; but it is the result of one's own endeavors -- the fruit and reward of good principles manifested in a course of virtuous and honorable action -- J Hawes

A man's character is the reality of himself -- His reputation is the opinion others have formed of him -- character is in him; reputation is from other people -- that is the substance, this is the shadow -- H W Beecher

There is a broad distinction between character and reputation, for one may be destroyed by slander, while the other can never be harmed save by it possessor -- Reputation is in no man's keeping -- You and I cannot determine what other men shall think and say about  us -- We can only determine what they ought to think of  us and say about us -- J G Holland

Character building begins in our infancy and continues until  death --Mrs Franklin D Roosevelt

"Tidbits From TNT" Sunday 12-3-2023

TNT:

CandyKisses:  Thousands of protesters roam the streets of Sulaymaniyah in search of their late salaries

Baghdad Today - Sulaymaniyah

Today, Sunday (December 3, 2023), Sulaymaniyah Governorate in the Kurdistan Region witnessed renewed demonstrations by employees and teaching staff demanding the payment of salaries.

The correspondent of "Baghdad Today" said that "Sulaymaniyah employees and teachers demonstrated today, again to demand the payment of their delayed salaries like the rest of the employees of other provinces."

He added that "the demonstrators confirmed the continuation of the demonstration until the legitimate demands are obtained and their salaries are linked to the federal government."

Many regional employees and teaching staff, especially in Sulaymaniyah province, continue to demonstrate the demand for payment of their salaries that have been delayed for many months amid the inability of Baghdad and Erbil to solve the crisis radically, and to be satisfied with "temporary" and "patchwork" solutions, according to observers of political and economic affairs.

CandyKisses:  The Central Bank reveals the talks of the joint Iraqi delegation in Turkey. and announces two agreements

 {Economic: Euphrates News} The Central Bank of Iraq announced on Saturday the conclusion of two agreements during the talks of the joint Iraqi delegation in Turkey.

He said in a statement received {Euphrates News} a copy of it, that: "Completed talks held by a joint Iraqi delegation (government, Central Bank, Association of Iraqi Private Banks, and the banking sector represented by a number of private banks) in Istanbul and returned to Baghdad yesterday morning, has culminated in the talks as follows: -

1- Agreement on banking arrangements between Iraqi banks and their Turkish counterparts through intermediary banks to ensure trade exchange for major traders and importers and to make transfers and pay them in euros and Turkish lira.

2- Agreement to organize trade exchange for small traders and retailers (dinar against euro or Turkish lira) under arrangements by combined transfers according to a commercial organization that ensures the integrated cycle of the trade process (deposit in dinars inside Iraq, payment in euros or lira in Turkey, shipping goods from Turkey to Iraq) and this would facilitate the external transfer of thousands of Iraqi traders and spare them from working by non-fundamental means.

"This comes in the context of regulating trade and external transfer in accordance with sound practices and standards and within the framework of the comprehensive plan pursued by the Central Bank to open multiple channels, outlets and currencies with the aim of maintaining the stability of the financial system and protecting it from risks and achieving general stability in prices by covering imports at the official rate, which is confirmed by controlling inflation rates," the central bank statement said.

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Tishwash: European Development Bank: Diversifying the sources of the economy is a priority for Iraq

 A report by the British newspaper, the Financial Times, discussed Iraq’s accession to the European Bank for Reconstruction and Development (EBRD) and what this may constitute as a factor of support and support for Iraq’s economy and the reform of its banking sector by diversifying the sources of its economy and relying on the bank’s development plans and financial support in the transition to the alternative energy stage as well as Supporting private sector investments and creating more job opportunities.

The report indicated that while it was recently announced that Iraq belongs to the Bank and has become a member, financing Iraq’s transition to alternative energy and supporting its banking sector will be among the main priorities of the European Bank for Reconstruction and Development. While Iraq has become the bank's 74th member, among other countries in the Middle East and North Africa region, it can now become a recipient economy of the bank's financial and investment support.

According to the Director of the European Bank for Reconstruction and Development, Heike Harmgart, as part of Iraq's attempt to transition to an environmentally friendly economy, one of the country's main priorities lies in its strategy for economic diversification away from fossil fuels of oil and gas.

According to the World Bank, during the past decade, oil revenues constituted more than 99% of Iraq’s exports, and 85% of the government budget, with a gross domestic product of 42%.

European Bank Director Harmgart says that while oil will continue to constitute a large part of Iraq's economy, the political and economic priority lies in diversifying both energy and industry sources. She confirmed by saying, "We see solar and wind energy projects as very important in Iraq, in addition to a broader diversification of its industrial base."

According to the United Nations, Iraq is considered the fifth most vulnerable country in the world to the effects of climate change. It is particularly affected by high temperatures and low rainfall levels, with droughts, water scarcity, and floods as well.

Remember, Harmgart, that in addition to supporting renewable energy projects and reforming the electricity sector, the European Bank will develop partnerships between the public and private sectors to mitigate the effects of climate change, such as improving access to water.

She confirms by saying, “This may include replacing inefficient water pumps with water pumps that operate with efficient energy, through financing the public and private sectors, and also working with the government on the political side,” noting that most of the bank’s investments are in the private sector, and with regard to the public sector, The investment rate in it is only 25%.

Harmgart says that the bank's multiple developments can support Iraq with policy frameworks for public-private partnerships and power purchase agreements in the electricity and renewable energy sectors.

She goes on to say, "The Iraqi government has a desire to move towards a transition to renewable energy, but this has not been achieved so far. I want to see Iraq's membership in the European Bank for Reconstruction and Development as an indicator of greater focus on achieving its transition towards an environmentally friendly economy."

According to the World Bank, Iraq must accelerate the steps towards diversifying the sources of the economy, achieving sustainable growth and creating job opportunities. On this basis, industries outside the oil and gas sector should be the priority, with the European Bank for Reconstruction and Development looking forward to making the Iraqi banking sector part of the broader significant growth of its economy and the growth of the private sector.

The Director of the European Bank confirms, saying, “Iraq has huge opportunities for private banks. We see a growing interest from regional players in the Iraqi banking market. The European Bank can contribute by investing in banking intermediation. We want to help banks reach small and medium projects, and help commercial activities improve performance, and this will be done with more digital outputs.”

While the lending sector is still largely built on relationships, Harmgart says it is likely that the European Bank will conduct training courses and hone the skills of small and medium enterprises as well as banks to reduce reliance on personal guarantees. Pointing out that there is great potential potential for the Iraqi banking sector, and this would unleash economic growth, especially for a series of small and large projects of industrial value.

However, Renad Mansour, a researcher at the Chatham House Institute for Studies in London, says that change in Iraq requires political will for the reform process, regardless of the type of sector. Pointing out that multilateral development banks are well aware of the structural limitations of any sustainable development process in Iraq.

According to the Transparency Index Report for 2022, Iraq had scored 23 points out of a total of 100. While the anti-corruption process remains one of the biggest challenges facing the government in Iraq, European Bank Director Harmgart says that the bank has experience in market challenges.

She adds, "It is a matter of the will to change and the will to improve practices. Applying the digital approach in the banking sector may help reduce cases of corruption. We have seen in many countries that adopting the digital method is the best way to reduce corruption. This process increases transparency as well as facilitates Commercial operations without intermediaries and facilitating obtaining a license.”   link

Mot: . Has Yous Ever Been Dis Cool!!! --- Hmmmmm

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MilitiaMan: World Wide - Iraq Dinar - Private Sector - Industrial -Internationalism

World Wide - Iraq Dinar - Private Sector - Industrial -Internationalism

MilitiaMan and Crew:  12-2-2023

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=VUZnTXV2R9c

Goldilocks' Comments and Global Economic News Saturday Evening 12-2-23

Goldilocks' Comments and Global Economic News Saturday Evening 12-2-23

Good Evening Dinar Recaps,

Sometimes a company will sell their own stocks as a stockholder to create capital for their company.

They have to register these intentions with the SEC or the Securities Exchange Commission to do so.

We have shown you other companies intending to do the same just recently. It is an attempt to create and hold cash reserves that will enable them to make new purchases in the new economy.

All sectors will be affected in the new economy, and new price correlations will be the result.

What is this telling us? Big companies like Charles Schwab, JP Morgan, and Warren Buffett are aware that major changes in the new economy are coming.

The second article below is an example of an S-3 filing with the SEC.

© Goldilocks
Niabiz Link
SEC Link
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Several leading Chinese copper smelters have agreed to a 9% reduction in processing fees, signaling a tightening trend across the industry.

1.5% of global copper supply is now off the market.

This could get very interesting.

Read: https://x.com/goldtelegraph_/status/1730802675686817934?s=46
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US Boat Sales Collapse (Deflation Has Begun)

https://www.youtube.com/watch?v=5oggEwyXi5o

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#Bitcoin has just surpassed $39,000

MultiPolarMarkt Twitter Link

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WOW! Something Big Is Happening to Gold & Silver Prices in 2023 - Adrian Day

https://www.youtube.com/watch?v=uWz9YipL018

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Follow Goldilocks'  Roadmap

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Iraqi News Highlights and Points to Ponder Saturday Afternoon 12-2-23

Iraqi News Highlights and Points to Ponder Saturday Afternoon 12-2-23

The Central Bank Delivers A Devastating Blow To “Sailors”

ATM   Drains    The Central Bank of Iraq decided to deal a severe blow to people who use bank cards outside Iraq, in order to smuggle dollars.

The Iraqis called “sailors” to these people who reside in Dubai and use ATMs and points of sale.

An informed source told Al-Iqtisad News that the Central Bank obligated electronic payment companies to set the limits on cards for withdrawal and purchase outside Iraq, in order to limit people’s use of bank cards to smuggle dollars outside official controls.

The source, who preferred to remain anonymous, confirmed that these people were smuggling hundreds of bank cards from Iraq towards Dubai, and a group of people called “sailors” used them to withdraw from ATMs, in addition to agreements with shop owners to withdraw from POS machines under the pretext of purchasing goods in the country. Dubai.

The source indicated that this measure will lead to a rise in the exchange rate of the dollar in the parallel market, and the features of this rise will appear during the next two days, adding that the measure will contribute to forcing all people to deal with banks and make financial transfers at an exchange rate of 1,320 dinars.

The Central Bank set the ceiling as follows:

1. Ceilings for cards in US dollars outside Iraq

   - Monthly limit: $3780

Its equivalent in Iraqi dinars is 5,000,000 dinars

2. Daily cash withdrawal limits from automated teller machines (ATM) outside Iraq

   - Daily limit: 110 US dollars, or the equivalent of 150,000 Iraqi dinars

3. Monthly cash withdrawal limits from automated teller machines (ATM) outside Iraq

   - Monthly limit: 1,130 US dollars, or the equivalent of 1,500,000 Iraqi dinars.

4. Limits on the daily use of cards in electronic stores, online shopping, POS, and electronic payment outside Iraq

   - Daily limit: 370 US dollars, or the equivalent of 500,000 Iraqi dinars

5. Limits on the monthly use of cards in electronic stores and online shopping (POS and electronic payment) outside Iraq

   - Monthly limit: 3780 US dollars or the equivalent of 5,000,000 Iraqi dinars

Views 89 12/02/2023 - https://economy-news.net/content.php?id=38040

Winning The Gulf Cup, Changing The Exchange Rate, And Dismissing Al-Halbousi... A List Of The Most Prominent Events In Iraq In 2023

Baghdad today - Baghdad    The year 2023 was an exceptional year, in which prominent events varied between sports, economic, political, and security, and despite the surprises and abnormal events, the year was relatively calm and these surprises did not lead to any major political crises.

In this mini report, Baghdad Today Agency reviews a list of the 12 most prominent events that Iraq witnessed during the current year:

In January of this year, Iraq won the Gulf Cup for the fourth time in its history, after defeating its Omani counterpart by three goals to two, in a confrontation held on the grounds of Basra International Stadium.

In February, the Central Bank of Iraq, in coordination with the Iraqi government, decided to raise the value of the Iraqi dinar against the dollar from 1,460 to 1,320 dinars per dollar, as part of attempts to alleviate the crisis of the high dollar exchange rates in the parallel market and its impact on citizens on inflation and market prices.

In March, the export of Iraqi oil from the Kurdistan Region and Kirkuk through the Turkish port of Ceyhan was stopped, after the Paris Chamber of Commerce Court issued a ruling in favor of Iraq, in the lawsuit filed years ago against Turkey, for allowing the export of Kurdistan Region’s oil without coordination with Baghdad.

In April, Nineveh Governorate witnessed the holding of the Spring Festival in Mosul after a 20-year hiatus, and the forum witnessed exceptional scenes and paradoxes.

In May, the Federal Supreme Court issued a decision unconstitutional to extend the work of the Kurdistan Regional Parliament and decided to dissolve the parliament.

In June, Iraq witnessed widespread uproar, demonstrations, religious and political stances, and the storming of the Swedish embassy after Iraqi Silwan Mumika burned a copy of the Qur’an in Sweden.

In July, social networking sites and security and political circles were abuzz with an incident of two women assaulting a traffic policeman in the Al-Harithiya area in Baghdad, while information indicated that the two women were related to State of Law representative Bahaa Al-Nouri, which prompted the State of Law bloc to expel Representative Bahaa Al-Nouri.

In August, the media and political circles were abuzz with an American build-up on the Iraqi-Syrian border, and many speculations and warnings were circulated, and while the American side said that what was happening were normal measures to replace forces, Iranian and Syrian information indicated that these movements aimed to cut off The road between Iran and Syria is via Iraq.

In September, events broke out in the vicinity of the advanced headquarters for joint operations in Kirkuk, which led to 4 casualties and 16 wounded as a result of clashes and gunfire due to the tension of events in the vicinity of the advanced headquarters for joint operations in Kirkuk, which was occupied by the Kurdistan Democratic Party before the events of Kirkuk in 2017, as the agreement pushed The policy that was calling for the headquarters to be returned to the Kurdistan Democratic Party led to the Arabs of Kirkuk province going out with sit-ins in front of the headquarters in refusal to hand it over, before the events became tense.

In October, scenes of the bombing of American headquarters and bases by “resistance factions” resumed, more than a year after these scenes stopped. The decision to re-target came against the backdrop of the events in Gaza and the American side’s declaration of support and support for the Zionist entity in the genocide in Gaza.

In November, the Federal Supreme Court decided to terminate Parliament Speaker Muhammad Al-Halbousi’s membership in the House of Representatives, against the backdrop of a lawsuit filed by former MP Laith Al-Dulaimi, accusing Al-Halbousi of forging Al-Dulaimi’s resignation and forcing him to sign a white paper.

On December 18, it is hoped that provincial council elections will be held for the first time in 10 years, as they were last held in 2013.   LINK

Al-Sudani From Basra: The Government Has Placed Reform Of The Economy Among Its Five Priorities

Politics |Baghdad today – Basra  Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Saturday (December 2, 2023), that the government has placed among its five priorities reforming the country’s economy.

Al-Sudani said in his speech during the Industrial Partnerships Forum in Basra Governorate, followed by “Baghdad Today”: “We welcome investment companies to the Industrial Partnerships Forum,” indicating that “the government has placed among its five priorities reforming the economy.”

He added, "The economy cannot be reformed except by supporting industry, agriculture, tourism, and trade," pointing out that "the natural resources we have enable us to establish an advanced Iraqi industry that meets our local needs and from which we can export."

Al-Sudani pointed out that "we cannot remain spectators while Iraq remains a consumer market."

In a separate matter, the Prime Minister explained that “the state cannot employ all the huge numbers of graduates,” stressing that “it is time for the Iraqi economy to be linked to the global economic cycle.”

Earlier today, Prime Minister Muhammad Shiaa Al-Sudani arrived in Basra Governorate.  LINK 

Provoking Points to Ponder on Experiences:

Experience keeps a dear school; but fools will learn in no other, and scarce in that; for it is true we may give advice, but we cannot give conduct – Franklin

No man was ever so completely skilled in the conduct of life, as not to receive new information from age and experience – Terrence

Adversity is the first path to truth – He who hath proved war, storm, or woman’s  rage, whether his winters be eighteen or eighty, hath won the experience  is deemed so weighty – Byron

It is foolish to try to live on past experience – It is a very dangerous, if not a fatal habit to judge ourselves to be safe because of something that we felt or did twenty years ago –Spurgeon

It may serve us as a comfort to us in all our calamities and afflictions, that he who loses anything and gets wisdom by it, is a gainer by the loss – L’Estrange

Experience is a jewel, and  it had need be so, for it is often purchased at an infinite rate – Shakespeare

He hazardeth much who depends for his learning on experience – An unhappy master is he who is made wise only by many shipwrecks;  a miserable merchant who is neither rich nor wise till he has been bankrupt – By experience we find out a short way by long wondering – Roger Ascham

Experience is the common schoolhouse of fools and ill men – Men of wit and honesty are otherwise instructed – Erasmus

We are often prophets to others, only because we are our own historians – Mad. Swetchine

Experience teaches slowly, and at the cost of mistakes – Froude

Experience is a safe light to walk by, and he is not a rash man who expects success in the future by the same means which secured it in the past – Wendell Phillips

Goldilocks' Comments and Global Economic News Saturday AM 12-2-23

Goldilocks' Comments and Global Economic News Saturday AM 12-2-23

Good Morning Dinar Recaps,

"JPMorgan And Apollo Executives Reveal Plan For A Tokenized ‘Enterprise Mainnet’"

JP Morgan and Apollo executives are making plans to implement a tokenized asset Enterprise in early 2024.  They will be one of the first of many to begin the process of adding applications to this tokenized asset network.  

This will cover everything from stocks to bonds and crypto assets inside their own blockchain.
They plan to work with a limited number of compliant banks, broker-dealers and asset managers.

© Goldilocks
Forbes Link
Benzinga
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To give you an idea of where we are on the new Digital Asset Based Trading System. Notice all of the articles recently coming out about big companies tokenizing their assets and connecting together.

This is happening all over the world, and it is part of the test portion of Protocol 20 to see if the new digital economy will work on a collective scale.

During this time, glitches can be corrected before everything is interfaced onto the QFS. On January 30th, 2024, there will be a vote on Protocol 20 to move it forward.

So far, everything is looking good. At that time, we will see tokenized assets begin to go to a real value before, during, or after that time.

This will synchronize Market asset prices with the Banking System correlations backed by a real value such as gold. Standard protocols such as Basel 3 final rules for implementation (January 16, 2024) will make the new digital financial system a true Gold Standard Digital Financing System.

© Goldilocks

https://dashboard.stellar.org/

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"Tidbits From TNT" Saturday 12-2-2023

TNT:

CandyKisses:  Sudani: We have the natural resources that enable us to export products outside Iraq

Prime Minister Mohamed Shia al-Sudani said on Saturday that Iraq has the natural resources that qualify it to meet the market's need for local products and export the surplus outside the country.

Al-Sudani said in a speech during the launch of the Industrial Partnerships Forum in Basra, that this government has placed among the five priorities the reform of the economy, and no economic reform in any country such as Iraq, or change the philosophy of a monoeconomic state and dependence on oil depending on the sectors of industry, agriculture, tourism and trade.

"We have the natural resources to establish a sustainable and advanced industry that meets the needs of the local market, and it can also be an industry that leads to the export of its products outside Iraq," he said.

CandyKisses:  At the beginning of the week New low in dollar prices in Baghdad and Erbil

Shafaq News / Dollar prices fell, on Saturday, in the markets of Baghdad, and in Erbil, the capital of the Kurdistan Region.

The correspondent of Shafaq News said that the dollar prices fell with the opening of the stock exchanges of Al-Kifah and Al-Harithia to record 156,250 dinars against 100 dollars, while prices last Thursday were 156,500 dinars against 100 dollars.

Our correspondent pointed out that the selling prices in exchange shops in the local markets in Baghdad decreased, as the selling price reached 157,250 Iraqi dinars, while the purchase amounted to 155,250 dinars per 100 dollars.

In Erbil, the stock exchange does not trade on public holidays, but it also recorded a decrease in exchange shops, the selling price is 156,300 dinars against 100 dollars and the purchase price is 156,000 dinars for 100 dollars.

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Tishwash:  Al-Sudani: We cannot continue to watch Iraq remain a consumer market

The Prime Minister, Muhammad Shiaa Al-Sudani, stressed the government’s work methodology in establishing economic partnerships and industrial cities with neighboring countries. While he pointed out that Iraq has the natural resources to establish a sustainable and advanced industry, he stressed the government’s endeavor to achieve an industry that exports its products outside Iraq.

He stressed in his speech during the Industrial Partnerships Forum in Basra, followed by Al-Iqtisad News, that the government “provided sovereign guarantees to the private sector and seeks to achieve an industry that exports its products abroad   link

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

Tishwash:  Sudanese advisor talks about the digital dollar and the electronic payments system

Adviser to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, explained the benefits of adopting the electronic payments system in transactions inside Iraq, and while he pointed out that among them is providing the most efficient use of the monetary mass, he stressed that Iraqi law rejects the use of the cash dollar in internal settlements.

Saleh said in a press interview, “The cash payments system is linked to a high degree of certainty whenever payments are made by electronic or digital means, which provides an indicator of liquidity for the banking system and reduces the degree of uncertainty in banking liquidity.”

He added, “The payments system provides sufficient information about the flow of cash into the banking system, makes clear the amounts of paid and accumulated amounts, and indicates their actual balances at all times during the banking working day. Conversely, in light of monetary systems that rely on direct cash payment, banking liquidity management policies surround... It also uses additional hedges of idle liquidity in order to guard against liquidity risks.

He continued, "This matter disrupts an aspect of banking operations and credit in particular, so as electronic payments increase as a behavior in daily dealings, the management of the cash mass and its flow in the banking system will be subject to the rule of clarity in cash management and then directing bank credit towards profitable areas by expanding activity." Credit is what provides efficient use of the cash mass, as well as a decrease in the rate of cash leakages outside the banks, which means that a structural change in the behavior of cash demand among individuals and at banks will tend towards a decline due to dealing with electronic payment systems that are linked to bank accounts.”

Saleh continued, “Thus, the development of the payments environment and its transition from the direct cash environment or cash payment in payment and receipt operations to the use of electronic payment will, in all cases, reduce the risks of local cash payment in currencies other than the dinar and distance the national economy’s transactions from cash payment in foreign currency.”

Because digital payment systems do not allow transactions in the local economy in anything other than the dinar, i.e. the national currency, and certainly the economy’s tendency in its transaction payments is to (the digital dinar) instead of (the cash dollar), whose transactions in internal settlements are legally rejected completely by virtue of the principle of monetary sovereignty of the dinar. link

Mot: ... aaaaaahhhhhhh - the Fond Memories. just Looking Through!!!! 

Mot: . What in the World!!!???? 

Iraq Economic News and Points to Ponder Saturday AM 12-2-23

Iraq Economic News and Points to Ponder Saturday AM 12-2-23

Tlm724 Administrator Bondlady’s Corner

Specialists: Reconstruction bonds are an important step whose interest should be increased
 
Money and business  Economy News _ Baghdad  The Ministry of Finance announced its intention to launch the second issuance of reconstruction bonds worth more than one trillion dinars, which can achieve a number of economic results, the most important of which is reducing high inflation rates and closing the budget deficit.
 
While specialists expressed their support for such steps, they stressed the necessity of raising the value of... The monetary interest specified for those bonds, with the aim of increasing the desire to acquire them, and thus absorbing the citizens’ accumulated cash mass.

The Ministry of Finance’s step comes after the launch of “Emaar” bonds during the previous month of September,
 
indicating that the new measure comes in implementation of the paragraphs of the government program related to enhancing the development and investment aspects represented by the reconstruction and construction movement that the country is witnessing,
 
in addition to developing financial and monetary policies and providing opportunities for citizens to contribute to the overall Economic activity through investment in bonds.
 
Despite the positives achieved by launching financial bonds, specialists believe that the only obstacle to such steps is the possibility that inflation will swallow up the annual interest on assets, and
 
therefore the interest rates allocated to these bonds should be increased.
 
The Ministry of Finance stated in a press statement,
 
“Given the strong demand for trading in national bonds (reconstruction bonds) and the full subscription of the first issuance amount, the Ministry, represented by the Public Debt Department, in cooperation with the Central Bank of Iraq, intends to make the second issuance of reconstruction bonds available at a value of 1.5 ( One trillion Iraqi dinars) and with the same mechanism previous to the first issue.  She added,
 
"This measure comes in implementation of the paragraphs of the government program related to strengthening the development and investment aspects represented by the reconstruction and construction movement that our dear country is witnessing, in addition to developing financial and monetary policies and providing opportunities for citizens to contribute to the overall economic activity through investment in bonds," noting that
 
"these bonds are issued Guaranteed by the Ministry of Finance, the
 
bond can be acquired by submitting an application to one of the official banks licensed and registered with the Central Bank.

The Ministry called on “investors and citizens to take advantage of the offer and take the initiative to benefit from this investment opportunity,” noting that “the size of this issue will be limited.”  She continued,
 
"The second issuance of bonds worth one and a half trillion dinars is tradable in the Iraq Stock Exchange,
 
and is available in two categories, the
 
first at a price of (500,000) five hundred thousand dinars, with an annual interest of 6% for two years, and the
 
second at a price of 1,000,000 million dinars, with an annual interest." 8% for four years.
 
The Ministry pointed out, according to the statement, that
 
“purchasing and trading of the bonds offered are exempt from taxes according to what is stated in the General Federal Budget Law No. 13 of 2023.”
 
In turn, the economic expert, Ali Jalil Obaid, believes that the interest on stocks for a period of 15 days is approximately 7.5%, which is higher than the interest allocated to bonds,
 
so it was logical to offer bonds with an interest rate of 10% as a minimum in order to avoid the impact of inflation.
 
Obaid pointed out that the first issue was subscribed to by private banks with high liquidity, and
 
most of these banks were satisfied and could not freeze much of the liquidity available for this purpose, indicating that
 
“bonds are traded like stocks in the Iraqi stock market, and
 
both are subject to the law of supply and demand.”
 
They are linked to the percentage of distribution of profits and annual interest,” explaining at the same time that
 
“bonds differ from stocks in that they achieve a fixed annual return.
 
As for stocks, their return depends on the company’s activity and efficiency, and
 
it is not required that they be distributed annually, nor is it required that the distribution rate be equal or similar.” every year".

The speaker stated that the
 
bond market in Iraq was not promoted and marketed, whether by the Central Bank or by the Iraq Stock Exchange, so you see that the
 
previous issues were acquired by the banking sector, indicating that the problem with this type of investment is that Inflation can eat up or swallow up annual interest.
 
In support of the previous opinion, the economic expert, Dr. Mahmoud Dagher, said during a press interview that
 
“encouraging work with these financial instruments requires that the interest rate be much higher than what was announced on the issue of financial bonds,
 
because if we subtract the inflation rate from the nominal interest rate, the result will be a low interest rate that does not It encourages and does not encourage engaging in bond purchases, and
 
therefore banks that have surplus funds in dinars will not resort to buying these bonds.”
 
While the President of the Iraqi Stock Exchange Investors Association, Dr. Alaa Al-Moussawi, confirmed that
 
“the issuance of reconstruction bonds comes in implementation of the Federal General Budget Law, which included the Ministry of Finance issuing government bonds to finance the Federal General Budget deficit, as
 
this step will achieve a package of positive steps in addition to financing... Deficit,
 
the most prominent of which is withdrawing part of the cash mass held by citizens outside the banking system and
 
using it to
 
finance service and investment projects,
 
providing job opportunities for citizens,
 
increasing the domestic product and
 
strengthening the national economy, and
 
contributing to reducing the rate of inflation by reducing the cash liquidity stored among citizens and
 
contributing to preventing the prices of goods from rising. And services by reducing the demand for their purchase due to the decrease in cash liquidity among citizens, in addition to
 
contributing to improving the exchange rate of the Iraqi dinar.”
 
99 views     Added 11/30/2023 - 8:09 AM
 
https://economy-news.net/content.php?id=37993

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

https://www.bondladyscorner.com/

Goldilocks' Comments and Global Economic News Friday Evening 12-1-23

Goldilocks' Comments and Global Economic News Friday Evening 12-1-23

Good Evening Dinar Recaps,

"The Ministry of Finance hosted the board of directors meeting of the BRICS' New Development Bank (NDB) in Dubai, from 27 to 28 November 2023, in line with the UAE's strategy to enhance coordination with regional and international developmental organizations. This meeting marks the first board meeting of the New Development Bank to be held in the UAE and the MENA region."

The New Development Bank is a major player for the BRICS system. It constitutes a major development inside the BRICS Financial system in bridging their markets to a Bank for banks designed to provide liquidity for financial systems.

The very fact that they have just recently had their first Board Meeting tells us that their plan to move forward with the BRICS Nations are currently in motion.

A Board Meeting such as this is a meeting to set policies and strategies between Banks of different countries.

© Goldilocks

https://menafn.com/1107499523/Ministry-Of-Finance-Hosts-New-Development-Bank-Board-Of-Directors-Meeting

https://en.m.wikipedia.org/wiki/New_Development_Bank

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"Oil Prices Retreat As OPEC+ Cuts Another 684KBPD, Brazil Joins OPEC+"

Brazil joins OPEC Plus today, and we are finding out that 684,000 barrels per day will also be cut.

This has a profound effect on the economy as it slows transportation down and begins to affect goods and services moving across the country.

This, in turn, effects local economies. There are usually several difficult decisions that are made during times like this for employers having to lay off employees.

The S&P 500 takes a hit along with other sectors of the market to bring assets into real values.

Currently, we are in process of tokenizing our assets on the new digital economy. These tokenized assets have been going through legislative processes for the last 2 years creating standardized protocols.

These tokenized assets are backed by the Commodities sector of our markets. Gold and silver tend to do well during recessionary times, and their ability to support our new tokenized asset Market will usher in new prices across all sectors of the market.

This includes the tokenized assets inside the Forex Market. Look for new price pressures to form in the foreign exchange markets as new local currencies around the world replace the dollar creating new price patterns in trade.

© Goldilocks
OilPrice Link
WashingtonPost Link
https://haletrailer.com/blog/what-is-a-freight-recession/
Investopedia Link
Bloomberg Link
HemmingJewelers Link

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Iraqi Financial Announcement:

As part of financial and economic reforms, the Iraqi Cabinet has endorsed recommendations to conduct all state contracts within Iraq in Iraqi dinars.

There will be exceptions for ongoing external grants, loans, and agreements, and new contracts involving foreign grants, loans, and agreements may adhere to agreed-upon foreign currency terms, as specified in the Ministry of Finance's April 27, 2023 circular.

Additionally, beneficiaries can open documentary credits for importing project materials and transfer foreign currency for salaries, wages, and company dues, subject to Central Bank of Iraq (CBI) controls.

(Source: Media Office of the Prime Minister)

https://www.iraq-businessnews.com/2023/11/30/iraqi-cabinet-pushes-for-state-contracts-in-dinars/

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JUST IN: 🇺🇸 US Judge threatens to sanction SEC lawyers for convincing a court to freeze a crypto firms assets under false & misleading claims.
@WatcherGuru

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PRNewswire/ -- Alchemy Pay joins the Stellar ecosystem as a new on and off-ramp provider. It is now possible for companies building on the Stellar network to access Alchemy Pay's on and off-ramps for convenient fiat-crypto purchases of XLM and USDC. This integration brings the opportunity for developers and dApps within the Stellar ecosystem to seamlessly integrate the Alchemy Pay Ramp through accessible plugins and APIs and to incorporate cost-effective fiat-crypto transition services into their platforms, which are now featured in the Stellar Anchor Directory.

https://youtu.be/WzeqDph6-iQ?feature=shared

👆  Goldilocks pointed to this article

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🚨RIPPLE XRP & STELLAR XLM🚨SET TO RULE THE WORLD🚨FULL BREAKDOWN OF BOTH

https://youtu.be/jGx3db9D9iA?feature=shared

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JUST IN: SEC Spot Bitcoin ETF potential approval window is between January 5th - 10th, 2024.

@WatcherGuru

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Supreme Court seems poised to limit power of SEC | CNN Politics
CNN Link

~~~~~~~~~

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"Tidbits From TNT" Friday 12-1-2023

TNT:

Tishwash:  Iraqi Cabinet pushes for State Contracts in Dinars

As part of financial and economic reforms, the Iraqi Cabinet has endorsed recommendations to conduct all state contracts within Iraq in Iraqi dinars.

There will be exceptions for ongoing external grants, loans, and agreements, and new contracts involving foreign grants, loans, and agreements may adhere to agreed-upon foreign currency terms, as specified in the Ministry of Finance's April 27, 2023 circular.

Additionally, beneficiaries can open documentary credits for importing project materials and transfer foreign currency for salaries, wages, and company dues, subject to Central Bank of Iraq (CBI) controls.  link

Tishwash:  Under the name "Million Will and Determination"... Iraqi employees go out in a demonstration

 The Supreme Coordination Committee for Iraqi employees announced today, Friday, a million-man demonstration next Saturday.

A statement issued by the committee, a copy of which was received by NRT Arabic, said: “The Supreme Coordination Committee sent an appeal to all Iraqi employees and decided to hold million-man demonstrations under the name (Millions of Will and Determination) at one time under zero hour on Saturday, the second of December, at nine in the morning.” To  demand a change in the salary scale.

The statement indicated, "The demonstrations will take place in front of the governorate building, and the committee also called on all employees to bring Iraqi flags with them, and to commit to complete peacefulness and not come into contact with the security forces." link

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CandyKisses:  New country joins OPEC Plus alliance

Baghdad Today - Follow-up

The OPEC+ alliance announced Brazil's access to the oil alliance starting in January 2024, according to a statement issued on Thursday by the 36th OPEC ministerial meeting of oil exporting countries and their allies.

Oil markets have been waiting over the past few weeks to learn about the outcome of the meeting of the ministerial follow-up committee of the "OPEC+" alliance, which was postponed for four days and held virtually today, especially after oil prices lost nearly 15 % of their peak reached in September. September.

Saudi Crown Prince Mohammed bin Salman received on Wednesday in the capital Riyadh, President of the Federative Republic of Brazil Luiz Inácio Lula da Silva, where they reviewed bilateral relations, enhanced joint cooperation, discussed investment opportunities, as well as regional and international developments, according to the Saudi Press Agency.

OPEC+ delegates earlier said Brazil was ready to join the alliance, but a Brazilian official said it was still studying the benefits. The move would draw one of the most important new oil sources affecting global supply growth to the coalition, which is tightening production restrictions.

According to S&P Global data, Brazil's oil production is about 3.2 million barrels per day, and its exports averaged 1.8 million barrels per day in the third quarter of this year, an increase of 40% from the same period in 2022. Higher-than- Expected production growth in Brazil and the United States is helping lift global supply by 1.7 million bpd this year to a record high, according to the International Energy Agency.

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Tishwash:  Economist: The government is required to shift to a flexible economy by encouraging investment and protecting investors from extortion

 Economic expert Saleh Al-Hamashi called on the government to shift to a flexible economy by encouraging investment and protecting investors from government blackmail and others.

He said in a statement to the National Iraqi News Agency ( NINA ): “The global economic conditions are fluctuating, global growth is slowing down, the region is suffering from major political and security crises, events are accelerating, and the possibilities are many, and all of these events are casting a shadow on the region’s economies.”

 Al-Hamashi added: “Iraq already suffers from the problem of the rentier economy, which by its nature is inflexible in the face of economic, political and security fluctuations, as it turns the state into a financial one and leaves it out of the general economy.”

 He pointed out: "Iraq today has benefited from the rise in global oil prices, but has been affected by the rise in global prices for foodstuffs. All commodities have also risen globally, and the government is unable to address or compensate for the shortage locally because the Iraqi economy has become a hostage of regional and global economies."

Al-Hamashi expressed his belief that the impact has become direct on the Iraqi economy in all economic developments, calling on the government to develop a plan to transform into a flexible economy capable of facing all changes by encouraging investment and protecting investors from governmental and non-governmental blackmail, as well as activating the role of banks in moving the wheel of the economy. By providing cash liquidity and easy movement of funds.”  link

Mot:  and Here Weeeeeeeeeeeeeeee Gooooooooooo 

Mot:  .. ooooooooh Deeeeer -- U Ready Fur This!!!????