"Tidbits From TNT" Sunday 12-10-2023

TNT:

Report: More than 90 trillion dinars in cash are in circulation outside the banking system in Iraq

The Future Iraq Foundation for Economic Studies and Consultations counted, on Sunday, the local currency circulating outside the banking system in the country during the year 2023, and said that it exceeded 90 trillion dinars.

The institution stated in a report published today that the value of the issued cash currency increased from 78 trillion dinars at the beginning of the year 2022 to reach more than 102 trillion dinars at the end of the year 2023, with a growth rate in the issued cash currency amounting to 9.24% during 2023 and a growth rate in 2022 amounting to 20%, an increase. For the year 2019, by 58 trillion Iraqi dinars, according to data from the Central Bank of Iraq.

The report added that the cash currency outside the banking system amounted to approximately 93 trillion Iraqi dinars, an increase of 30% compared to 2022, and it is the highest volume of funds existing outside the banking system throughout the history of the Iraqi banking system.

According to data from the Ministry of Planning, the population of Iraq in 2023 reached approximately 43 million people, representing only 60% of them over the age of 15 years. Therefore, the number of Iraqis’ population who are more than 15 years old exceeds 26 million people, and based on the Ministry’s figures Work, which indicates that the size of social welfare beneficiaries is approximately 14 million people, while the number of adult Iraqi citizens who are not covered by social welfare is approximately 12 million people.

The report indicated that, based on data from the Ministry of Labour, the Ministry of Planning, and the Central Bank of Iraq, it can be concluded that the average value of each Iraqi’s hoarding of money in the Iraqi currency “exclusively” is approximately 7.2 million Iraqi dinars per citizen, higher than in 2019, which was approximately 4 million. Iraqi Dinar.

According to the Foundation, considering that each home contains at least two adults (a man and a woman) who are not covered by social care, the rate of each Iraqi home hoarding money exclusively in the Iraqi currency amounts to 15 million Iraqi dinars, which is a higher percentage than in 2019, which was approximately 8.12 million dinars. Iraqi.

The report noted that, based on these official figures issued by official bodies, every adult Iraqi citizen over the age of 15 (man and woman) who is not a beneficiary of social welfare was able to increase his money stored in Iraqi dinars by 1.2 million Iraqi dinars during the years 2022 and 2023 despite From the decline in the value of the dinar compared to the dollar in the local market, in addition to the rise in commodity prices and the rise in inflation rates by 4%, according to data from the Ministry of Planning.

Hoarded money is defined as the value of money that a person keeps away from the banking system, and does not invest it or buy his own assets, but rather keeps it away from financial institutions and exclusively in the Iraqi currency and not in other currencies.

The institution concluded in its report that some believe that these numbers may be illogical, and that Iraqis are suffering from a major shortage of funds and deteriorating social conditions. However, what is proven is that the Central Bank of Iraq has, in two years, exported more than 24 trillion Iraqi dinars, warning that more Of the 22 trillion Iraqi dinars that were hoarded by adult citizens and non-beneficiaries of social welfare. link

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Tishwash:  Iraq requests US Treasury assistance in tracking the funds of Saddam Hussein's regime

The head of the Federal Integrity Commission, Judge Haider Hanoun, and his accompanying delegation met with US Deputy Assistant Secretary of the Treasury, Jesse Baker, to discuss the possibility of concluding a memorandum of understanding between the Iraq Money Recovery Fund and the US Treasury, according to a statement issued by the commission on Sunday.

Integrity stated in its statement that Judge Hanoun stressed, during the meeting that took place at the US Treasury headquarters, Iraq’s need for Treasury assistance, in order to reach the fate of Iraqi funds before the year 2003, linked to the era of the previous regime, its symbols and front companies, pointing out that concluding an understanding agreement between the two parties is sufficient. By facilitating this and removing obstacles and barriers, if any.

 Hanoun added, saying: Negotiating with the cronies of the former regime entails the need to lift the hold on the funds recovered from the American side, praising the quick response of the American side in this regard and its pledge to fully cooperate and as permitted by the laws.

For his part, Jesse Baker praised the cooperation between the US Treasury and the Central Bank, pledging also to cooperate with the Iraq Money Recovery Fund in tracking its funds during the era of the former regime, in addition to his cooperation with the Central Bank to combat money laundering and terrorist financing, which requires concerted efforts. To confront these crimes and combat their advanced methods.

It is noteworthy that the Iraq Money Recovery Fund, which was established under Law No. (9 of 2012) (amended), aims to recover the financial rights of Iraq that were obtained by others illegally. As a result of the misuse of the oil-for-food program, the blockade, smuggling, economic sabotage, or exploitation of the sanctions imposed on Iraq at the time; To achieve financial gains at the expense of the Iraqi people. link

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Tishwash: The three presidencies remember victory: Today, the Iraqis are fighting the battle of reconstruction and construction

On Sunday, the Iraqi Presidencies, the Council of Ministers, and the Iraqi Parliament recalled the victory over ISIS, which falls on 10/12, and stressed that “the Iraqis are today fighting the battle of reconstruction and construction, the fight against corruption, and the challenge of providing services.”

The President of the Republic, Abdul Latif Rashid, said, “On the Day of Victory over the terrorist ISIS, we remember with reverence the great sacrifices made by our forces in all their formations, and the important role of the religious authority, and the support of the people of all walks of life to defend the homeland and preserve its dignity.”

He explained that "national solidarity to establish security and continue construction is a duty in order to fulfill the pure blood that was shed for the country."

For his part, Prime Minister Muhammad Shiaa Al-Sudani said, “On the occasion of the sixth anniversary of the great victory over the terrorist ISIS gangs, we remember this historic victory, in which the Iraqis were able to defeat ISIS and its terrorism, on behalf of the world and all of humanity, and we recall with reverence and honor the titles of sacrifice of our heroic martyrs, And with them are the leaders of victory, who would not have seen freedom, victory, and safe living except through their great sacrifices. We also express pride and pride in the heroic performance of our heroic armed forces in all their forms, which set out towards victories, armed with the great position of the supreme authority and the fatwa of the competent jihad of the Sistani authority, which mobilized all the energies of the nation against... "Terrorism."

He continued, "We also salute the Iraqi woman and her great stance. The confrontation claimed the lives of martyrs, the disappeared, and the kidnapped, just as it claimed the lives of men. We cannot fail to thank all the brothers and friends who supported Iraq in its true war against the forces of evil and darkness."

He concluded by saying, "Iraqis today are fighting the battle of reconstruction and construction, fighting corruption, and the challenge of providing services, based on the stability achieved thanks to those sacrifices, which we cannot allow anyone to neglect, under any circumstances."

In turn, Mohsen Al-Mandalawi, Acting Speaker of the House of Representatives, congratulated the Iraqi people and the security forces on this occasion.

Al-Mandalawi stressed in a statement today, Sunday, that “the fatwa of sufficient jihad of the supreme religious authority, the national cohesion between the people and their various types of security forces, and the blood of the martyrs that was shed in order to defend the land and the sanctities, and on the path of pride, dignity and freedom, created the brightest picture of the Iraqi victory over the forces of terrorism.” And backwardness, and this image will remain immortal throughout history and engraved in the minds and consciences of generations.”

The Acting President of the Council said, "The whole world owes the Iraqi hands the credit for ending the mythical state that was threatening the security of the region and all the peoples of the world, calling for the completion of the security victory achieved by supporting the families of the martyrs and the institutions concerned with providing full care to them."   link

Mot: .... candy sweet it is 

Mot: ... Sunday Rule

Iraqi News Highlights and Points to Ponder Sunday AM 12-10-23

Iraqi News Highlights and Points to Ponder Sunday AM 12-10-23

Why Does The Dollar Maintain Its Parallel Price Despite The “Million Shipments” Arriving In Iraq?

Economy |  Baghdad today – Baghdad  Today, Saturday (December 9, 2023), the Parliamentary Finance Committee commented on the reason why the dollar exchange rate remained high in the parallel market, despite the arrival of shipments of the dollar to Iraq.

Committee member Jamal Kujar told Baghdad Today, “The reason the dollar continues to rise in the parallel market is the continuation of black transfers through which money is paid for a lot of imports, especially trade with Iran and Syria.”

Cougar stated, “The shipments of dollars that have arrived in Iraq and will arrive are for the purpose of providing this currency to pay for commercial work that is within the platform and not outside it, and for this parallel market, the dollar will remain high in it due to black transfers, for which the government has not developed any real solutions so far.” .

The Central Bank of Iraq had allowed licensed banks to import dollars from outside the country to cover legitimate requests for dollars.

On the other hand, Iraq's annual imports from Iran amount to approximately 10 billion dollars, according to statistical data, while all of these imports are financed from the parallel market dollar due to the inability to transfer the dollar to Iran by the Central Bank of Iraq.  LINK

Baghdad Dollar Stabilizes High.. Morning List Of Prices

Economy |Baghdad today – Baghdad  Today, Sunday (December 10, 2023), the prices of the dollar against the dinar recorded stability and increase in local markets in the capital, Baghdad.

The "Baghdad Today" correspondent said, "Selling prices in money exchange shops in local markets in Baghdad amounted to 158,500 dinars for 100 dollars."

He added, "While the purchase price reached 156,500 dinars for 100 dollars."   LINK

Parliamentary Finance Calls For An Investigation After A Representative Spoke About Monetary Policy

Policy  2023-12-09 | Source:  Alsumaria News   5,930 views  On Saturday, the Parliamentary Finance Committee called on the Presidency of the House of Representatives to form an investigative committee to determine the authenticity and source of statements made by a representative to the “Openly” program broadcast by Al-Sumaria satellite channel, regarding monetary policy in the country.

The committee said in a statement, “We followed with great astonishment and disapproval the irresponsible statements made by Representative Muhammad Nouri  during his hosting on a satellite channel to talk about monetary policy in the country and the actions of the Central Bank of Iraq.”

She added, "While we categorically deny the allegations made by Mr. Representative, as they lack credibility, accuracy, and objectivity, and indicate his lack of familiarity with the procedures and duties of the committee, we express our strong rejection of these allegations because they constitute a great abuse of the tasks and duties of the Parliamentary Finance Committee in particular and the legislative authority in general."

The committee's statement continued, "We call on the Presidency of the House of Representatives to form an investigative committee to determine the veracity and source of these dangerous statements, and to take deterrent legal measures against anyone who intentionally harms the reputation of the Iraqi state and its constitutional institutions."

The committee confirmed in its statement that “everything that Mr. Representative said was untrue. Rather, he had to verify the information by communicating with his fellow representatives who regularly attend meetings, before talking about sensitive files, despite the fact that he did not have any information about them due to his constant absence from committee meetings.”

The committee stressed that “the monetary policy of the Central Bank, especially with regard to printing currency, is subject to monetary standards and foundations, and in line with the stability of the economic situation and the level of inflation,” stressing that “our Finance Committee has a clear work program for oversight of the executive authority, which will be completed at the beginning of the semester.” "We hope that Representative Al-Nouri will commit to performing his legislative and oversight duties and tasks."

The member of the Parliamentary Finance Committee, Muhammad Al-Nouri, considered, the day before yesterday, Thursday, in his speech to the program (Openly) broadcast by Al-Sumaria satellite channel, that most of the decisions of the Central Bank are political and do not have an economic content, while he pointed out that parliamentary finance is absent and partisan.   LINK

Tension At The Climate Conference.. OPEC Faces 80 Countries That Want To “End The Oil Era” With An International Agreement

Economy  2023-12-09 | 833 views  Alsumaria News-International   Disagreements have erupted between countries over a potential agreement to phase out fossil fuels at the United Nations Framework Summit on Climate Change in Dubai, jeopardizing attempts to make the first-ever commitment to eventually end the use of oil and gas in 30 years of warming talks. Thermal.

Saudi Arabia and Russia were among several countries that insisted that theDubaiThe conference focus only on climate reducing pollution, and not on targeting the fossil fuels that cause it, according to observers at the negotiations, as reported by Reuters.

On the other hand, at least 80 countries, including the United States, the European Union and many poor and climate-vulnerable countries, are demanding that the COP28 agreement explicitly call for an eventual end to the use of fossil fuels.

He called Sultan Al Jaber , president  Conference of the Parties 28, countries late on Saturday to accelerate their work to reach a final agreement, saying that "there are still more areas of disagreement than agreement."

"The window is closing to fill the gaps," he told the summit.

The Secretary General of OPEC said Haitham Al-Ghais Earlier in remarks read to summit delegates by one of the officials: “We need realistic approaches to tackling emissions. An approach that enables economic growth, helps eradicate poverty and increases resilience at the same time.”

Earlier this week, the group of oil producers sent a letter urging its members and allies to reject any mention of fossil fuels in the final summit agreement, warning that “unwarranted and disproportionate pressure against fossil fuels may reach a tipping point.”

This was the first time that the OPEC secretariat intervened in the UN climate talks with such a message, according to him.  Alden Meyer From the E3G Climate Change Research Centre. "It indicates a whiff of panic," he said.

Commissioner criticized  European Union  For climate and Hoekstra cried The letter described her as "out of control" with climate efforts.

"From the perspective of many, including myself, this was seen as out of the ordinary, unhelpful, and inconsistent with the world's position regarding the very dire situation of our climate," he said.

And Kingdom of Saudi Arabia It is the first producer in OPEC and the de facto leader of the organizationRussiaA member of the so-called OPEC+ group.

By insisting on focusing on emissions rather than fossil fuels, the two countries appear to be banking on the promise of expensive carbon capture technology, which the UN climate science panel says cannot replace reducing fossil fuel use around the world.

Other countries, inclIndiaAndChina, explicitly phasing out fossil fuels in Conference of the Parties  [/url] 28th, but supported a popular call to promote renewable energy.

China's chief climate envoy, Xie Zhenhui, described this year's climate summit as the most difficult in his career.

"I have been involved in these climate negotiations for 16 years," he told reporters. "The most difficult meeting is this year. There are a lot of issues to be settled."

He said there was little chance of calling the summit a success if countries could not agree on language on the future of fossil fuels.

The Indian Minister of Environment demanded Bhupinder Yadav  “Fairness and justice” in any agreement, considering that rich countries must lead global climate action.

Wider diplomatic complaints were also aired on the platform on Saturday, obscuring the focus on global warming.   LINK

Provoking Points to Ponder on Giving:

One must be poor to know the luxury of giving.  George Eliot (1819 - 1880)

Give what you have. To someone, it may be better than you dare to think. Henry Wadsworth Longfellow (1807 - 1882)

Make all you can, save all you can, give all you can. John Wesley (1703 - 1791)

Generosity is giving more than you can, and pride is taking less than you need. Kahlil Gibran (1883 - 1931)

Do give books - religious or otherwise - for Christmas. They're never fattening, seldom sinful, and permanently personal. Lenore Hershey

You try to give away what you want yourself. Lois McMaster Bujold, "Memory", 1996

If we have the opportunity to be generous with our hearts, ourselves, we have no idea of the depth and breadth of love's reach. Margaret Cho, weblog, 03-09-04

If you want to see what children can do, you must stop giving them things. Norman Douglas

What a child doesn't receive he can seldom later give. P. D. James, Time to Be in Earnest

Iraq Economic News and Points to Ponder Saturday Evening 12-9-23

Iraq Economic News and Points to Ponder Saturday Evening 12-9-23

Tlm724 Administrator Bondlady’s Corner

A “Slight” Decline In Dollar Exchange Rates In Local Markets With The Stock Market Closing

Market   Economy News – Baghdad   On Saturday, the exchange rates of the US dollar witnessed a decline in Baghdad and Erbil, the capital of the Kurdistan Region, with the closure of the stock exchange.

The dollar exchange rates decreased with the closure of the Al-Kifah and Al-Harithiya stock exchanges, recording 157,500 dinars per 100 dollars, while it recorded this morning 157,700 dinars per 100 dollars.

Regarding the selling prices in the exchange shops in the local markets in Baghdad, they decreased, as the selling price reached 158,500 dinars, while the purchasing price reached 156,500 dinars for every 100 dollars. In Erbil, the dollar also recorded a decline, as the selling price reached 157,300 dinars per 100 dollars, and the purchase price reached 157,150 dinars per 100.

Views 33 12/09/2023 - https://economy-news.net/content.php?id=38324

The Central Bank Denies The Disappearance Of Large Amounts Of Local Currency

Economy |  09/12/2023   Baghdad - Mawazine News   Today, Saturday, the Central Bank denied that large amounts of local currency had disappeared.

The bank stated in a statement received by Mawazine News that “the alleged accusations of the disappearance of large amounts of Iraqi currency and their smuggling to some neighboring countries are not true,” noting that “the quantities of Iraqi currency are printed according to the needs of the Iraqi economy and within strict standards.”

He pointed out that "the issuance of Emaar bonds (the first issue), which were completely sold, was according to the needs of the Ministry of Finance and what was stipulated in the General Budget Law."

He stressed that it is "the only institution in Iraq that undergoes audits of its accounts and operations from four parties: the Bureau of Financial Supervision, an international auditing company, a committee of external auditors, and the Internal Audit Department."

The bank pointed out that "making accusations without providing any evidence to confirm them calls into question the intentions and their goal of harming the state's economic interests, stressing its legal right to prosecute anyone who promotes such accusations."

https://www.mawazin.net/Details.aspx?jimare=239135

 Integrity And The US State Department Discuss Extending Cooperation Between The Two Countries In The Field Of Combating Corruption

Political | 12:22 - 09/12/2023  Mawazine News – Baghdad  The Federal Integrity Commission and the US State Department discussed today, Saturday, extending cooperation between the two countries in the field of combating corruption, while the US State Department praised the Iraqi government’s achievements in combating corruption.

The Commission stated in a statement, a copy of which was received by Mawazine News, that “The Chairman of the Commission, Judge Haider Hanoun, and Victoria Taylor, Deputy Assistant Secretary of State for Iraq and Iran, discussed extending cooperation between the two countries, especially in the field of combating corruption and recovering its revenues.”

Judge Hanoun stressed, during the meeting that took place at the headquarters of the US State Department, “Iraq’s need to help countries of the world in extraditing convicts and recovering smuggled proceeds,” indicating that “concluding bilateral memorandums of cooperation is sufficient to remove obstacles that may obstruct the process of extraditing defendants and recovering smuggled funds.”

He noted that "the Republic of Iraq has achieved remarkable successes in the field of combating corruption, whether in the deterrent investigative aspect and increasing the pace of seizure operations or in the preventive field, one of the fruits of which was the campaign (Where did you get this), which did not exclude even senior officials."

The Chairman of the Commission renewed “the Republic of Iraq’s commitment to the United Nations Convention against Corruption and full compliance with its decisions, whether at the level of legislation supporting regulatory bodies or the issuance of strict judicial rulings against the corrupt,” noting that “diplomatic efforts are underway in full swing in order to bring viewpoints closer together and conclude agreements.” Cooperation and understanding with countries, especially the United States of America, so our presence today is to bring space together and shorten time.”

For her part, Victoria Taylor affirmed, “Her country’s government will continue to support the Iraqi government, and strengthen cooperation and partnership in all fields,” praising “Iraq’s recent steps in combating corruption, expressing its readiness to provide assistance to the regulatory agencies, in order to facilitate their mission to undermine and eradicate corruption.” Ended 29/ H

https://www.mawazin.net/Details.aspx?jimare=239123  

Romanowski Urges Sudanese To Take The Necessary Measures To Protect The Americans

Political | 04:31 - 09/12/2023   Mawazine News – Baghdad  The US Ambassador, Elena Romanowski, today, Saturday, urged Iraqi Prime Minister Muhammad Shiaa Al-Sudani to take the necessary measures to protect the personnel and facilities of the United States and coalition forces, indicating that ensuring security stability is crucial to achieving sustainable stability.

The US Ambassador said in a tweet followed by Mawazine News, “I strongly support the words of the US Secretary of Defense, and I urge Prime Minister Muhammad Shiaa Al-Sudani to take the necessary measures to protect the personnel and installations of the United States and coalition forces.”

She added, "Ensuring security stability is crucial for Iraq in order to achieve sustainable stability, prosperity, and economic growth." https://www.mawazin.net/Details.aspx?jimare=239130

US Secretary Of Defense To Sudanese: We Reserve The Right To Respond

Political |  09/12/2023   Baghdad - Mawazine News  US Secretary of Defense Lloyd Austin said that there are two factions responsible for most attacks against members of the international coalition and that the United States reserves the right to respond decisively against those groups.

The US Department of Defense stated in a statement, "A phone call took place between Secretary of Defense Lloyd Austin and Iraqi Prime Minister Muhammad Shia al-Sudani, where they discussed the Iraqi government's commitment to protecting diplomatic personnel, coalition advisors, and its facilities."

Minister Austin condemned the recent attack on the US Embassy in Baghdad, as well as the series of attacks on US forces in Iraq and Syria in recent weeks.

The US Secretary of Defense welcomed the statement of the Iraqi Prime Minister, who condemned the attack and described it as “terrorist acts that endanger Iraq’s internal security,” stressing that the United States “reserves the right to act in self-defense against those who launch any attack against American personnel.”

He stressed that "the Iranian-backed armed groups, Kataib Hezbollah and Harakat al-Nujaba, both of which are terrorist organizations, are responsible for most attacks against coalition personnel, and that the United States reserves the right to respond decisively against those groups to address threats and attacks against US personnel and coalition forces."

The US Secretary of Defense stressed that "the attacks launched by Iranian-backed factions undermine Iraq's sovereignty and stability, threaten the safety of Iraqi civilians, and impede the campaign to defeat ISIS."

Minister Austin explained that "attacks against American forces must stop."

The phone call witnessed a discussion of the formation of the US-Iraqi Supreme Military Committee, which the two governments agreed upon during the joint security cooperation dialogue between the United States and Iraq in August 2023, which is a consultative mechanism for the transition of the coalition. Ended    https://www.mawazin.net/Details.aspx?jimare=239113

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

https://www.bondladyscorner.com/

Provoking Points To Ponder on Dreaming and Believing:

Your pain is the breaking of the shell that encloses your understanding - Kahlil Gibran

Take heart - truth and happiness will get you in the end -- You can't lose in this game - have fun -- It goes on too long to be taken seriously "all" the time -- John & Lyn St Clair Thomas - Eyes of the Beholder

When you are inspired by some great purpose - some extraordinary project - all your thoughts break their bonds - your mind transcends limitations - your consciousness expands in every direction -- and you find yourself in a new, great and wonderful world -- Dormant forces, faculties and talents become alive, and you discover yourself to be a greater person by far than you ever dreamed yourself to be - Patanjali

Goldilocks' Comments and Global Economic News Saturday Evening 12-9-23

 Goldilocks' Comments and Global Economic News Saturday Evening 12-9-23

Good Evening Dinar Recaps,

"HSBC has piloted the use of Quantum Key Encryption to protect its client’s Forex trading data from cyber-threats."

For this trial, HSBC utilized artificial intelligent market's trading terminal mechanism called Quantum Key Distribution. This QKD mechanism encrypts and decrypts messages sent back and forth from receiver to sender utilizing cryptographic protocols to create a shared secret code.

HSBC has been one of the cutting edge Banks leading the way in Quantum Technology, and now, we are witnessing them go through a period of testing foreign currency exchanges to make them safe for public and private use.

© Goldilocks
TechMarketReview Link

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CFTC approves guidance for listing carbon credit derivatives contracts  

“Today’s action by the CFTC is the culmination of a two-year examination of carbon markets, and many more years of in-depth work regarding the impacts of climate on financial markets. The Voluntary Carbon Market Proposed Guidance is a clear statement that the CFTC will do its part to elevate the standard-setting efforts already underway,”

Financial Regulation News Link

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RIPPLE XRP SET TO EXPLODE, GET READY NOW🚨BLACKROCK SHOCKING XRP SECRET

https://youtu.be/KMBkFsnXL5Y?feature=shared

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"It appears that Brics Pay has now been launched as a new financial settlement platform. It is hoped and seen as a vehicle that will change the volume of trade and the volume of financial transactions between the BRICS members by making payments easier."

Here we go. The Bricks Payment System is about to change the reliance on the dollar for countries who have joined the BRICS system or trade with them.

Early next year, they will be trading in local currencies. This will begin to shift trading volumes of the US dollar and share a piece of the Global Market with countries involved in this new payment system.

These new trading demands will begin creating price pressures on exchange rates.

© Goldilocks
Modern Diplomacy Link

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BRICS: $2 Billion Copper Trade To Be Paid In Chinese Yuan, Not US Dollar Watcher Guru Link

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During Berkshire Hathaway’s annual meeting, he noted that the “incredible period” of growth for the U.S. economy is coming to an end, reported Max Reyes and Bloomberg for Fortune (https://fortune.com/2023/05/06/warren-buffett-economic-outlook-berkshire-hathaway-lower-earnings-recession-economy/) — and that most of the company’s businesses would likely score much lower earnings this year compared to the previous year. GoBankingRates Link

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Bitcoin Ben - The Future Is The Blockchain, Bitcoin Going To $100,000, [CB] Cannot Stop It

Rumble Link

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🚨ALGORAND ALGO🚨READY TO SHOCK EVERYONE🚨WATCH ALL

https://youtu.be/xqNx0-Y2qQ0?feature=shared

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Pro-Blockchain Bill Clears Hurdle in U.S. House    CoinDesk Link

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Senate bill adds to growing list of digital asset legislation moving through Congress CryptoSlate Link

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Thank you Dinar Recaps--   www.DinarRecaps.com

Some "Saturday News" Posted by Clare at KTFA 12-9-2023

KTFA:

Clare:  The Central Bank of Iraq refutes accusations of the disappearance of large amounts of local currency

December 09, 2023

Today, Saturday, the Central Bank of Iraq refuted the alleged accusations of the disappearance of large amounts of Iraqi currency and their smuggling to some neighboring countries, indicating that the quantities of Iraqi currency are printed according to the needs of the Iraqi economy and within strict standards.

The Central Bank noted that the issuance of Emaar bonds (the first issue), which were sold in full, was according to the needs of the Ministry of Finance and what was stipulated in the General Budget Law.

The Central Bank of Iraq stressed that it is the only institution in Iraq that is subject to audits of its accounts and operations from four parties: the Office of Financial Supervision, an international auditing company, a committee of external auditors, and the Internal Audit Department.

The bank pointed out that making accusations without providing any evidence to confirm them calls into question the intentions and aim of harming the state’s economic interests, stressing its legal right to prosecute anyone who promotes such accusations.

 Central Bank of Iraq 
Information Office 
9 - December 2023

https://cbi.iq/news/view/2482

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Clare:  Iraq offers Qatar investment opportunities in more than 7 sectors

12/8/2023

The Chairman of the National Investment Authority, Haider Muhammad Makkiya, discussed developing the horizons of joint cooperation in the investment sector with the Qatari Minister of Trade and Industry, Muhammad bin Hamad bin Qassim Al Thani.

Makiya stressed, according to a statement from his office, a copy of which {Al-Furat News} received, "the importance of bridging investment relations with the State of Qatar, in order to achieve economic integration in the development of major vital projects."
The head of the National Authority reviewed the opportunities available in Baghdad and the governorates, distributed across all sectors, including residential, industrial, transportation, railways, renewable energy, agriculture, and others.

The meeting discussed mechanisms for increasing areas of cooperation between the two countries in strategic project sectors that constitute a priority in Iraqi society.

For his part, theQatari Minister of Trade and Industry expressed his country’s readiness to cooperate in supporting the private sector in Iraq, through incentives, legislation, and promising and purposeful opportunities to encourage investors, businessmen, and company owners to Investment in the two countries.   LINK

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Clare:  Iraq and France are discussing enhancing economic cooperation and developing trade exchange

12/8/2023  Baghdad 

The Federation of Iraqi Chambers of Commerce discussed with its French counterpart the strengthening of economic cooperation between the two countries.

The Federation of Iraqi Chambers of Commerce stated in a statement received by Mawazine News, “The President of the Iraqi Chambers of Commerce, Abdul Razzaq Al-Zuhairi, held a meeting with the Federation of French Chambers of Commerce (CCIF) and the representative of the French Business Center, in the presence of the Iraqi Ambassador to Paris, Wadih Batti, and the Vice President of the Council of State.” Abdul Latif Nayef, and a number of officials from both sides.”

The statement added, "The meeting discussed ways to enhance the prospects for economic cooperation and develop trade relations to serve the interests of both countries."
The Iraqi Ambassador, Wadih Batti, spoke about "expanding the horizons of cooperation and partnership between the two sides, and called for holding a specialized symposium at the embassy headquarters between Iraqi and French businessmen, sponsored by the embassy, ​​on the occasion of the first anniversary of the signing of the strategic partnership agreement between Iraq and France."

In turn, the head of the Federation of Iraqi Chambers of Commerce, Abdul Razzaq Al-Zuhairi, called for “framing this cooperation with a memorandum of understanding, and providing support to open an office for the French Business Center in Baghdad.”

The French side expressed "their interest in the ideas presented, and expressed their readiness to work and expand the horizons of cooperation."

The two parties decided, according to the statement, “to form a joint committee to follow up on the implementation of the results of the meeting and prepare the proposed memorandum of understanding.”  LINK

Clare:  Federal Integrity The US Department of Justice hands over the names of defendants residing in the United States

12/9/2023

The head of the Federal Integrity Commission, Haider Hanoun, handed over to the American side a file containing requests for legal assistance and a list of defendants and convicts residing within American territory who are wanted by the Iraqi side.

A statement from the commission, a copy of which {Al-Furat News} received, stated: “This came during a meeting with the head of the commission with integrity experts in the US Department of Justice, where the two sides discussed forming committees between the two parties to study the files through joint experts from the commission and the American side on common issues, and then Referring the case to the judiciary if the committee is convinced of the conviction of the accused in the case.”

 For his part, Hanoun expressed his "optimism to conclude a memorandum of understanding with the US Department of Justice, in order to exchange information and experiences for the purpose of support and documentation, and technical cooperation to prevent and combat corruption, enhance expertise, and hold training courses at the headquarters of the Iraqi Anti-Corruption Academy for members of the Iraqi regulatory bodies and employees of the agencies." counterpart in the countries surrounding Iraq.

Meanwhile, integrity experts at the US Department of Justice indicated “their awareness of the danger of corruption to state institutions in Iraq and its causing problems in the security and economic fields and the level of service provision to the people,” expressing their readiness to work with the State Department to complete the draft memorandum with the Iraqi side to provide support and exchange experiences, stressing that Their country will cooperate with Iraq to recover its smuggled money.”   LINK

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Clare:  Al-Sudani directs that officers and members of the holding units be referred for investigation and that the presidential regiment be replaced

12/9/2023

The Commander-in-Chief of the Armed Forces, Muhammad Shiaa Al-Sudani, directed the formation of a joint working team to investigate with security officials for the area in which the attack on the American Embassy and the headquarters of the National Security Service occurred.

The spokesman for the Commander-in-Chief of the Armed Forces, Major General Yahya Rasoul, said in a statement received by {Al-Furat News}: “Under the guidance and follow-up of the Commander-in-Chief of the Armed Forces, Muhammad Shiaa al-Sudani, and to determine the circumstances of the attacks that took place against the Embassy of the United States of America in Iraq, as well as the headquarters of the National Security Service.” And a number of neighboring residential buildings. A joint working team was formed to investigate with the security officials for the area in which the attack occurred. In this context, officers and members from the holding units and specialized detachments within this sector were referred to specialized investigative committees to hold those who were negligent accountable, while it was decided Replace the presidential regiment with a regiment from the special division to hold the aforementioned sector. 

He added, "The working team, under the direct supervision of the Commander-in-Chief of the Armed Forces, continues to pursue the perpetrators of this criminal act, to arrest them and bring them to justice so that they receive their just punishment, and to serve as an example to everyone who dares to tamper with security." 

He pointed out that "the security measures will be strict against the elements who committed this terrorist act, and they will be subject to the law, especially since the competent security services have reached important leads about them, and the security forces have also been granted broad powers to immediately confront any action that affects the security of diplomatic missions and locations where advisors are located." international community, and not to tolerate this matter at all.”    LINK

Iraqi News Highlights and Points to Ponder Saturday Afternoon 12-9-23

Iraqi News Highlights and Points to Ponder Saturday Afternoon 12-9-23

Iraq Rejects Attempts To Target "Fossil Fuels" At The Climate Conference

Today 09:50  Information/Baghdad..  Iraq announced its rejection of attempts to target fossil fuels and violate the rights of producing countries and their people in the difficult negotiations taking place at the COP28 climate conference in Dubai.

 Oil Ministry spokesman Assem Jihad told Agence France-Presse, “Oil Minister Hayyan Abdul-Ghani assigned the Iraqi delegation participating in the Dubai conference to ensure that the wording of the final statement emphasizes the cooperation of the countries of the world in reducing emissions in order to preserve the environment and climate.”

 Asim Jihad pointed out that the Minister of Oil “rejected attempts to target fossil fuels and violate the rights of producing countries and their people,” highlighting Iraq’s efforts to reduce gas emissions. The

 Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC) had “urgently” urged the organization’s members and partners to "Preemptive rejection" of any agreement targeting fossil fuels in the climate negotiations at the COP28 conference held in Dubai. Ended/25  LINK

Will Iraq Be Harmed By The Decision To Reduce Oil Production?

Information/private..  Today, Saturday, the economic expert, Diaa Al-Mohsen, explained the reason for the decision to reduce voluntary production by OPEC Plus, while specifying the price of a barrel that OPEC prefers. He referred to Iraq’s position.

Al-Mohsen said, in an interview with the Maalouma Agency, that “the decision to voluntarily reduce oil production exported from Iraq came in response to the decisions of OPEC Plus,” indicating that “the decision is good for the country, because when OPEC decides to reduce oil production, this will lead to a decrease in supply.” in global markets.”

He explains, "This issue is very natural. The supply must be less than the demand, and this is consistent with the policy of OPEC Plus," indicating that the latter "does not want oil prices to fall below $90."

The economic expert continues, “This situation can only happen by reducing supply in global markets,” adding, “Whenever OPEC decides to reduce oil production, the price of a barrel of oil will rise in global markets.”

Earlier, 7 oil-producing countries within the “OPEC Plus” alliance took decisions to voluntarily reduce their production, by up to 1.571 million barrels per day, from the beginning of next May until the end of the year 2023. The decision announced by each country included it separately, in addition to... Saudi Arabia, Russia, the Emirates and Kuwait, as well as Iraq.

In turn, Iraq announced, thr ough the Minister of Oil, a voluntary reduction in production by 211 thousand barrels per day from next month until the end of 2023. LINK  

A Scandal That Shakes Iraq...The Loss Of 35 Trillion Dinars In Print

Posted On2023-12-09 By Sotaliraq   A member of the Finance Committee in the Iraqi Parliament, Muhammad Al-Nouri, revealed the loss of 35 trillion Iraqi dinars in print, while noting that the volume of smuggling reached 60-70% and cannot be controlled.

The disappearance of 35 trillion dinars.

Al-Nouri said yesterday, Thursday, to Al-Sumaria satellite channel, “More than 35 trillion printed Iraqi dinars do not exist inside Iraq, knowing that there are only two neighboring countries that deal with Iraq in dinars, and more than 3 months ago, 4 trillion Iraqi dinars were entered from the category of (( 50), pointing out that “Finance and the Central Bank raised the issue of bonds to control the issue of the Iraqi dinar, but they only collected one trillion.”

He added, “The control of the parties and the existing quotas within the financial system is what established the failure of the Iraqi economy, and there is no country so far that relies on paper accounts and has no final accounts in banks, no electronic automation, and more than 73 private banks except Iraq,” noting that “the system “The financial system must be independent in order to achieve economic balance within the country.”

Accusations against the Central Bank.

He also added that “government banks are shackled by the Ministry of Finance and the Prime Minister,” indicating that “the Central Bank is a failure and does not aim for real management, and the control of some parties over its decisions affected the price of the dollar, and its biggest mistake was pricing the dollar in the budget at 132 thousand versus The $100 is because Iraq lost more than 9 trillion, and the difference between it and the market became high.”

While he pointed out that the one responsible for monetary policy in Iraq is “the American Federal Reserve, and it does not give money except with American approval, and whoever imagines that Iraq is in economic control is dreaming.”

The spread of drugs

also indicated that “Iraq has become a source of narcotic drugs under the framework government, and the volume of smuggling has reached 60-70%, and more than 20 outlets in northern Iraq are not controlled, and the import of (cigarettes, gold, mobile phones, and alcohol) does not benefit Iraq due to this matter.” Pointing out that “the volume of dollars actually sold inside Iraq does not cover the country’s needs due to smuggling, and these operations must be limited by controlling open ports and some ports controlled by parties.”

Projects stopped.

He pointed out that “the loss of the Iraqi dinar caused a lot of damage and as a result many small projects and construction advances stopped,” stressing that “the Iraqi economy is completely linked to the United States and we were receiving 3 payments of the dollar now only one, and the US Federal Reserve’s sanctions caused an explosion in the price exchange, and deals with us according to the missiles that fall on the Ain al-Assad base and the embassy.”

Although corruption is widespread in all state institutions in Iraq, the trials that take place in such cases are few, and if they do occur, they target minor officials.  LINK

US Department Of Justice: We Will Help Iraq Recover Its Smuggled Money

December 9, 2023   Baghdad/Al-Masala Event: The head of the Federal Integrity Commission, Haider Hanoun, handed over to the American side a file containing requests for legal assistance and a list of defendants and convicts residing within American territory who are wanted by the Iraqi side.

A statement from the commission received by Al-Masalla stated that this came during a meeting with the head of the commission with integrity experts at the US Department of Justice, where the two sides discussed forming committees between the two parties to study the files through joint experts from the commission and the American side on joint issues, and then referring the case to the judiciary if the committee is convinced. Convicting the accused in the case.

Hanoun expressed his optimism for concluding a memorandum of understanding with the US Department of Justice in order to exchange information and experiences for the purpose of strengthening and documenting, technical cooperation to prevent and combat corruption, enhance expertise, and hold training courses at the headquarters of the Iraqi Anti-Corruption Academy for members of the Iraqi regulatory agencies and employees of counterpart agencies in the countries surrounding Iraq. .

Integrity experts at the US Department of Justice indicated their awareness of the danger of corruption to state institutions in Iraq and its causing problems in the security and economic fields and the level of service provision to the people, expressing their readiness to work with the State Department to complete the draft memorandum with the Iraqi side to provide support and exchange experiences, stressing that their country will cooperate with Iraq to recover its smuggled money.

https://almasalah.com/archives/75742    

A List Of The Exchange Rates Of The Dollar Against The Iraqi Dinar Today.. Recorded An Increase

Economy  2023-12-09 |5,510 views  Alsumaria News – Economy  Alsumaria News publishes the exchange rates of the dollar against the Iraqi dinar in Iraqi local markets for Saturday, December 9, 2023.

Dollar prices rose with the opening of the Al-Kifah and Al-Harithiya stock exchanges, recording $157,700 for every $100. As for the selling prices in banking shops in the local markets in...BaghdadIt rose as the selling price reached 158,750 dinars, while the purchasing price reached 156,750 dinars per 100 dollars.

On February 7, the Council of Ministers announced its approval of amending the dollar exchange rate to 1,320 dinars per dollar.

For about a year, and specifically since the Central Bank began operating the electronic platform and the international financial transfer system “SWIFT,” the dollar exchange rates in Iraq stability despite the attempts of the government and the Central Bank to control the exchange rate in parallel markets. LINK

Regional Mediation Between Baghdad And Erbil To Resolve The “Financial Crisis”

December 9, 2023  Baghdad/Al-Masala Al-Hadath: Kurdistan Democratic Party member Rebin Salam revealed, on Saturday, international and regional mediations between the federal government and the Kurdistan Regional Government.

Salam said, “International mediations succeeded earlier in resolving many crises between Baghdad and Erbil in various fields.”

He added, “The ambassadors and consuls of major countries and even the United Nations envoy always play a prominent role in solving complex problems between the federal government and the regional government, the most important of which are oil and gas files, salaries, and others.”

Salam pointed out that “the invitation of the Prime Minister of the Kurdistan Regional Government, Masrour Barzani, to a meeting of ambassadors and consuls falls under this premise, with the aim of finding a solution to the problem of salaries and the financial crisis and not approving the Kurdistan region’s share of the budget.”    https://almasalah.com/archives/75719

Provoking Points to Ponder on Exaggeration:

Perfectly truthful men of vivid imagination and great force of sentiment often feel so warmly, and express themselves so strongly, as to give what they say a disagreeable air of exaggeration and almost falsehood -- J F Boyes

Exaggerated language employed on trivial occasions spoils that simplicity and singleness of mind so necessary to a right judgment of ourselves and others  - Those who exaggerate in their statements belittle themselves -- C Simmons 

Some men can never state an ordinary fact in ordinary terms -- All their geese are swans, till you see the birds -- J B Owen

There is no strength in exaggeration; even the truth is weakened by being expressed too strongly

"Tidbits From TNT" Saturday 12-9-2023

TNT:

Tishwash:  The Foreign Minister to his Spanish counterpart: Iraq now represents a safe environment for investment in the economic and agricultural fields

Foreign Minister Fuad Hussein confirmed today, Saturday, that Iraq is a safe environment for investment and is open to Spanish companies

A statement from the Ministry of Foreign Affairs received by {Al-Furat News} stated that “Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein received a phone call from the Spanish Minister of Foreign Affairs, European Union and Cooperation, Jose Manuel Albarez,” noting that “during the call, bilateral relations between the two friendly countries and ways to Developing it in all fields, especially in the economic, agricultural and development fields.”

Hussein stressed, according to the statement, that "Iraq today represents a safe environment for investment, and it is open to benefiting from the expertise possessed by Spanish companies, with all the laws provided by the government in Iraq that contribute to the success of investment projects."

The statement explained that “the call touched on the deteriorating situation in Gaza, and the occupation forces’ intention to continue attacks on the Palestinian people in Gaza.”

The Minister of Foreign Affairs stressed "the necessity of urgent intervention by all active European countries to stop the repercussions of the events resulting from the tragic war targeting civilians in Gaza, stressing the importance of working quickly to deliver humanitarian aid to the besieged civilians."

For his part, the Spanish Foreign Minister praised "the role Iraq plays in the Middle East region," noting that "his country's government seeks to restore stability to the Middle East region, and for Iraq to enjoy security and stability."   link

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

CandyKisses:  Iraq and France are discussing enhancing economic cooperation and developing trade exchange

Mawazine News - Baghdad 

The Federation of Iraqi Chambers of Commerce discussed with its French counterpart the strengthening of economic cooperation between the two countries.

The Federation of Iraqi Chambers of Commerce stated in a statement received by Mawazine News, “The President of the Iraqi Chambers of Commerce, Abdul Razzaq Al-Zuhairi, held a meeting with the Federation of French Chambers of Commerce (CCIF) and the representative of the French Business Center, in the presence of the Iraqi Ambassador to Paris, Wadih Batti, and the Vice President of the Council of State.” Abdul Latif Nayef, and a number of officials from both sides.”

The statement added, "The meeting discussed ways to enhance the prospects for economic cooperation and develop trade relations to serve the interests of both countries."

The Iraqi Ambassador, Wadih Batti, spoke about "expanding the horizons of cooperation and partnership between the two sides, and called for holding a specialized symposium at the embassy headquarters between Iraqi and French businessmen, sponsored by the embassy, ​​on the occasion of the first anniversary of the signing of the strategic partnership agreement between Iraq and France."

In turn, the head of the Federation of Iraqi Chambers of Commerce, Abdul Razzaq Al-Zuhairi, called for “framing this cooperation with a memorandum of understanding, and providing support to open an office for the French Business Center in Baghdad.”

The French side expressed "their interest in the ideas presented, and expressed their readiness to work and expand the horizons of cooperation."

The two parties decided, according to the statement, “to form a joint committee to follow up on the implementation of the results of the meeting and prepare the proposed memorandum of understanding.”

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

Tishwash:  Sudanese Advisor: The government is determined to protect the security and interests of Iraq and its people

Fadi Al-Shammari, political advisor to Prime Minister Muhammad Shiaa Al-Sudani, said today, Saturday (December 9, 2023), that the government is determined to take measures to protect the security and interests of Iraq and its people.

Al-Shammari wrote in a tweet on his account on the “X” platform: The Iraqis paid priceless prices as a result of the challenges of terrorism at times and the reckless policies and behaviors of some at other times, which plunged the country into dark tunnels that caused us to lose our best youth, puncture the hearts of our mothers, and suffer huge economic and developmental losses, and we must not allow it to return for any reason. Under any pretext or justification.”

He added, "Targeting diplomatic missions is a condemnable terrorist act that crosses red lines and deviates from the national consensus, the vision of the government and its supporting national forces   link

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

CandyKisses:  A reading of the regulatory procedures for Iraq's foreign trade

The process of trade openness after 2003 cast a shadow on the economic reality, especially after the lifting of economic sanctions, which led to the return of the flow of oil exports to global markets and this led to the improvement of the financial conditions of successive Iraqi governments, which was reflected in the increase in the incomes of individuals (purchasing power) and in the absence of a productive base Iraq tended towards imports to meet the multiple needs of the public sectors (governmental) and private and with the presence of rapid profit from imports tended most of the influential to these transactions, which created chaos Economic and structural imbalance hit the productive sectors and thus the dominance of the oil sector and achieve the rentier of the Iraqi economy with complete distinction to the present time.

Since the discovery of oil for the first time by Colonel Dark in Pennsylvania in 1859, the commodity of oil has been priced in US dollars, and this has created a strong relationship between them, especially after World War II.

Therefore, any sanctions imposed by the United States on the oil countries apply to commercial transactions in the dollar currency under the pretext of preserving their national security. This was done with Iran when economic sanctions were imposed on it, and therefore any dealing in the dollar currency between Iran and the rest of the world was prohibited, except for humanitarian goods and services, and according to the acceptance of the United States as well.

In light of the above, Iraq has commercial dealings with Iran by virtue of the ties, customs and traditions that are relatively close to a large extent, as well as the cheap prices of imported goods and the low costs of transportation and shipping as well.

However, after the beginning of 2023 and the new instructions to regulate Iraq's foreign trade according to the new transfer mechanism through the (Central Bank platform), it has prevented Iraqi traders from official dollar transactions with the sanctioned countries, and dealing outside the framework of the platform remained prevalent, which led to increased pressure on the dollar of cash sold by the Central Bank through the window of sale of foreign currency, leading to a rise in the exchange rate of the dollar in the parallel market and reached record levels compared to the official rate approved by the bank. Iraqi Central Bank.

The Central Bank has tried to remedy the situation by not aggravating it and has succeeded relatively recently through several measures, the last of which is to provide the opportunity to import dollars through airports exclusively and (diversify the basket of commercial currencies) in terms of the agreement of Iraqi banks with Turkish for transactions in Turkish lira as well as dealing in euros and UAE dirhams.

Similarly, we hope that the Central Bank of Iraq will open trade dealings with Iran, and this revolves in two directions: - First:( dinar for riyal) and this depends on what we export to Iran of products imported in dinars? There is talk about dependence on exports of petroleum products to Iran, but in light of the sanctions imposed on Iran by the United States, the American sanctions on Iraq (albeit indirectly and the past few months are the best evidence) will be dragged, so this measure must be dealt with with complete caution.

Second: (barter of goods for commodity under the price weight of each type of goods) in the sense of organizing trade in currencies other than the dollar to release pressure on the exchange rate of the dollar in the parallel market and we propose electronic dealing that we import goods and products from Iran and in return buys the Iraqi private sector what the Iranian private sector needs of goods and services and ships them to them through a joint chamber of commerce and industry between the two sides

Mot: .......... 'Tis the season. 

Mot: ......... Call now l

MilitiaMan: Iraq Dinar Strength - Iraq Started Development - Building a Gateway - Iraq's Future is Now

Iraq Dinar Strength - Iraq Started Development - Building a Gateway - Iraq's Future is Now

MilitiaMan and Crew:  12-8-2023

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=Y7LeN3Xn8vA

Goldilocks' Comments and Global Economic News Friday Evening 12-8-23

Goldilocks' Comments and Global Economic News Friday Evening 12-8-23

Good Evening Dinar Recaps,

"Deloitte and Nexxiot form alliance to provide the blockchain infrastructure to digitize logistics supply chain" These two companies are joining together to provide digital logistical supply chain AI services.

They will move goods and supplies through the Air, Land, and Sea with technical computer computations that routes and plans for adequate staffing to meet the needs of companies moving their products.  Companies will be able to talk to one another and provide the movement of their products from their warehouse to the storefronts of any Country in the world.

© Goldilocks
CXO Today Link 
BeinCrypto Link
https://www.techtarget.com/searcherp/definition/logistics

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"Russia and Saudi Arabia Call On OPEC+ Members to Join Production Cuts"

Uh oh. We just talked about this earlier this week. And now, we are seeing that OPEC+ is going to increase the pressure on prices of oil by asking all members of OPEC to cut back on their oil production.

OPEC oil production cuts could mean higher gas prices. This will increase money flow in the OPEC nations creating more money flow in the local currencies of the East buying their oil.

 On the other side of the world, the US has been buying oil from "Colombia (202,000 b/d), Venezuela (163,000 b/d), Nigeria (106,000 b/d), Ecuador (100,000 b/d), and Guyana ( 94,000 b/d)."

This will reset the current volumes of oil being bought across the globe, and it will go a long way into leveling the playing field in terms of currency volumes within these countries of the West.

Do you see how money volumes are being divided from the East and the West? Remember, more demand equals higher values for currencies.

China and the US are big importers of oil. These new trade agreements in the oil sector will reset the economies of several countries needing more money flow to their economies.

Many countries are beginning to test and implement final phases of digitizing trade between countries. This will make trade more efficient, cost effective, and increase volumes.

These new volumes of money flow between countries will begin to create price pressures that will show up inside the new digital asset based trading system formulating exchange rates through AI.

It is a process we are already engaged in and waiting to see new price correlations that support changes that can be made to currency values.

© Goldilocks
OilPrice Link
EIA Link

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120723  2P(TX)  US / WORLD BANKS COLLAPSE!  US / WORLD BANKS-STOCK MARKET IN PANIC CYCLE!  W95

https://youtu.be/dn-l6B8FoiA?feature=shared

👆  Goldilocks pointed to this article

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We are in process of seeing the Global Oil Market Reset.

© Goldilocks

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Bill Holter – The [CB] System Is Coming Down, Controlled Demolition, Expect Events To Drive This 

https://x22report.com/aiovg_videos/bill-holter-the-cb-system-is-coming-down-controlled-demolition-expect-events-to-drive-this/

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Why Your Cash Will be Harder to Access in 2024; Get Out of the Banks Warns Lynette Zang

https://youtu.be/1IRjLPEN_GU?feature=shared

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HOW TO TRANSACT WHEN THE BANKS COLLAPSE! WITH BILL, BIX & ANDY

https://clicks.aweber.com/y/ct/?l=A5rju&m=3ioHWNWLHlAZ85B&b=2lrIXnfhothhPiWdJCLQfg

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Putin just visited Saudi Arabia, and he is publicly saying  western banking dominance will end

These are two of the world's largest exporters of oil

This stuff does not happen overnight

But many continue to stay fast asleep as we are seeing a monetary reshuffling in real-time

Read: https://x.com/goldtelegraph_/status/1733274591777497409?s=46

~~~~~~~~~~

US / WORLD BANKS COLLAPSE! US / WORLD BANKS-STOCK MARKET IN PANIC CYCLE!

Goldilocks Forum ( New) Link 

Goldilocks' Telegram Room

~~~~~~~~~~

Follow Goldilocks' Roadmap

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Thank you Dinar Recaps--  www.DinarRecaps.com

Iraq Economic News and Points to Ponder Friday Evening 12-8-23

Iraq Economic News and Points to Ponder Friday Evening 12-8-23

Tlm724 Administrator Bondlady’s Corner

The Coordination Framework Holds An Emergency Meeting Tonight Due To The Attacks On The American Embassy In Baghdad

Political |  08/12/2023  Baghdad - Mawazine News  A political source announced on Friday that the coordination framework will hold an emergency meeting tonight. 

The source said, "The framework will hold an emergency meeting tonight due to the attacks on the American embassy in Baghdad."   https://www.mawazin.net/Details.aspx?jimare=239095

The US Embassy In Baghdad Urges The Iraqi Government To Protect Diplomatic Personnel

| 11:11 - 08/12/2023   Baghdad - Mawazine News   On Friday, the US Embassy in Baghdad urged the Iraqi government to protect diplomatic staff and missions operating in the country.

The Office of the US Embassy Spokesperson said in a statement, “At approximately 4:15 a.m. today, Friday, December 8, the US Embassy was attacked by two missiles. Assessments are still ongoing, and there were no reports of casualties in the embassy complex.”

He added, "Until this moment, no party has claimed responsibility for this attack, while indications indicate that the attacks were carried out by groups loyal to Iran, which operate freely in Iraq."

He continued, "We renew our call to the Iraqi government, as we did before, to take all necessary measures to protect the personnel and facilities of diplomatic missions and partners in the international coalition, and we affirm once again that we reserve the right to self-defense and protect our employees anywhere in the world."   https://www.mawazin.net/Details.aspx?jimare=239085

A security source reveals details of the targeting of the American embassy in Baghdad

a wish | 11:10 - 08/12/2023   Baghdad - Mawazine News  Today, Friday, a security source revealed the details of the attack that targeted the American embassy in Baghdad.

The source said, "The United States Embassy in Baghdad was attacked at dawn today, Friday, with five projectiles that were dealt with by the embassy's air defense without losses."

He explained, "The projectiles were fired from the Jadriya area - the end of Abu Nawas Street - opposite the embassy headquarters on the Tigris River, using a camouflaged launching pad."

He pointed out that "the projectiles were mortar rounds modified like rockets, while five projectiles were found at the launch site that did not launch." https://www.mawazin.net/Details.aspx?jimare=239084

Al-Sudani Directs The Prosecution Of The Perpetrators Of The Bombing Of The American Embassy And Describes The Attack As A Terrorist Act

Time: 12/08/2023 12:46:13 Read: 1,651 times   {Security: Al-Furat News} The Commander-in-Chief of the Armed Forces, Prime Minister Muhammad Shiaa Al-Sudani, directed all security leaders, and in the sectors of responsibility, to pursue the perpetrators of the attack by launching projectiles towards the American embassy in Iraq, and bring them to justice.

In his directives, Al-Sudani stressed in a statement, a copy of which was received by {Al-Furat News}, that "targeting diplomatic missions is something that cannot be justified, and cannot be accepted, under any circumstances and regardless of the allegations and illusions that stand behind these shameful acts."

The Commander-in-Chief of the Armed Forces also affirmed that “the perpetrators of these attacks are committing an insult to Iraq, its stability and security, and that these unruly, lawless groups do not in any way represent the will of the Iraqi people, nor do they reflect the national Iraqi decision expressed by the Iraqi government on several official occasions.”

He stated that “tampering with Iraq’s stability, abusing internal security, attempting to undermine Iraq’s political reputation, and targeting safe places protected by the force of law, norms, and international agreements are acts of terrorism, and that our security forces and governmental and executive agencies, each according to its competence and duty, will continue to protect diplomatic missions and uphold treaties.” "The international community and a commitment to securing it.

Abusive elements will only find persecution and confrontation in defense of Iraq's sovereignty and stability, which was achieved through a long process of great sacrifices."

The American embassy and its surroundings in the Green Zone in the center of the capital, Baghdad, were subjected to a missile attack at dawn today.

The embassy called on the Iraqi government to protect diplomatic staff.   LINK

A Reading Of The Regulatory Procedures For Iraq’s Foreign Trade 

Ali Daadoush  The process of trade openness after 2003 cast a shadow on the economic reality, especially after the lifting of economic sanctions, which led to the return of the flow of oil exports to global markets. This led to an improvement in the financial conditions of successive Iraqi governments, which was reflected in an increase in individuals’ incomes (purchasing power) and in the absence of a base.

Productivity Iraq turned towards imports to meet the multiple needs of the public (governmental) and private sectors, and with the presence of rapid profit from imports, most of the influential people turned to these transactions, which created economic chaos and a structural imbalance that affected the productive sectors, thus dominating the oil sector and achieving the rentierism of the Iraqi economy with complete distinction until the present time.

Since the discovery of oil for the first time by Colonel Dark in Pennsylvania in 1859, the oil commodity has been priced in the US dollar, and this has created a strong relationship between them, especially after World War II.

Accordingly, any sanctions imposed by the United States on oil-producing countries apply to commercial transactions in the dollar currency under the pretext of preserving their national security. This happened with Iran when economic sanctions were imposed on it. Consequently, any dealings in the dollar currency between Iran and the rest of the world were prohibited, with the exception of goods and humanitarian services, in accordance with the acceptance of the United States as well.

In light of what was stated, Iraq has commercial dealings with Iran due to relatively close ties, customs and traditions, in addition to the cheap prices of imported goods and the low costs of transportation and shipping as well.

However, after the beginning of the year 2023 and the new instructions to regulate Iraq’s foreign trade according to the new transfer mechanism through (the Central Bank platform), Iraqi merchants were prevented from official transactions in dollars with the sanctioned countries, and dealing outside the framework of the platform remained prevalent, which led to increased pressure on the cash dollar.

Which the Central Bank sells through the foreign currency selling window, leading to a rise in the dollar exchange rate in the parallel market and reaching record levels compared to the official price approved by the Central Bank of Iraq.

The Central Bank has tried to remedy the situation by not aggravating it, and it has succeeded relatively recently through several measures, the most recent of which is providing the opportunity to import the dollar exclusively through airports and (diversifying the basket of commercial currencies) in terms of the agreement of Iraqi banks with Turkish banks to deal in the Turkish lira as well as dealing in the euro and the Emirati dirham.

Likewise, we hope that the Central Bank of Iraq will open commercial dealings with Iran, and this will go in two directions: - The first: (dinar versus riyal) and this depends on what products we export to Iran and import in the dinar currency?

There is talk about relying on exports of petroleum products to Iran, but in light of the sanctions imposed on Iran by the United States, American sanctions will be imposed on Iraq (albeit in an indirect way, and the past few months are the best evidence), and therefore it is necessary to deal with this measure with complete caution.

Second: (exchanging goods for goods in light of the price weight of each type of goods) meaning organizing trade in currencies other than the dollar to relieve pressure on the dollar exchange rate in the parallel market.

We propose electronic dealing by importing goods and products from Iran, and in return, the Iraqi private sector buys what the private sector needs. Iranian goods and services are shipped to them through a joint chamber of commerce and industry between the two sides.

Views 37   Added 12/08/2023 - https://economy-news.net/content.php?id=38304

Oil Prices Rose Against The Backdrop Of Calls For Further Production Cuts

 Friday 08, December 2023 10:00 | Economical Number of readings: 481  Baghdad / NINA / Oil prices recovered today, Friday, after Saudi Arabia and Russia called on more OPEC+ members to join the production cuts.

By 0359 GMT, Brent crude futures rose $1.29, or 1.7 percent, to $75.34 per barrel, while US crude prices rose $1.29, or 1.7 percent, to $75.34 per barrel by 0359 GMT.

West Texas Intermediate crude futures rose $1.11, or 1.6%, to $70.45 per barrel.

Both benchmarks fell to their lowest levels since late June in the previous session, a sign that many traders believe the market is oversupplied. .

Yesterday, Thursday, the Kingdom of Saudi Arabia and Russia, the world's largest oil exporters, called on all OPEC+ members to join an agreement on production cuts for the benefit of the global economy, just days after a difficult meeting of the producers' club./ End

https://ninanews.com/Website/News/Details?key=1094281

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

https://www.bondladyscorner.com/

Provoking Points To Ponder on Dreaming and Believing:

Expect your every need to be met, Expect the answer to every problem, Expect abundance on every level, Expect to grow spiritually - Ellen Caddy - The Dawn of Change 

Expect the best: Convert problems into opportunities; Be dissatisfied with the status quo: Focus on where you want to go, instead of where you're coming from; and most importantly, Decide to be happy, knowing it's an attitude, a habit gained from daily practice, and not a result or payoff - Dennis Waitley - The Winners Edge

When you are inspired by some great purpose - some extraordinary project - all your thoughts break their bonds - your mind transcends limitations - your consciousness expands in every direction -- and you find yourself in a new, great and wonderful world -- Dormant forces, faculties and talents become alive, and you discover yourself to be a greater person by far than you ever dreamed yourself to be - Patanjali

Trials are but lessons that you failed to learn presented once again - so where you made a faulty choice before you can now make a better one - and thus escape all pain that what you chose before has brought to you - A Course in Miracles

"Tidbits From TNT" Friday 12-8-2023

TNT:

Tishwash:  No vacation until the end of the year.” The Minister of Finance issues a directive to the employees of the Budget Department

 Minister of Finance, Taif Sami, today, Friday, December 8, 2023, directed the employees of the Budget Department to continue official working hours on Fridays and Saturdays until the end of the current year 2023.

The ministry stated in a statement received by Al-Sumaria News, “Minister of FinanceSublime spectrumI directed the continuation of official working hours for Budget Department employees on Fridays and Saturdays until the end of the current year 2023.  link

Tishwash:  Kuwait Central Bank implements measures to rein in Dollar use in Banks and Exchanges

According to this policy, the exchange rate of the dinar is determined based on a specially weighted basket of currencies from countries with significant commercial and financial ties to Kuwait

The Central Bank of Kuwait has communicated to local banks that it will not cover dollar purchases directed to exchange companies if such acquisitions are intended for speculation or investment purposes, reports Al- Rai daily quoting informed sources. The Central Bank emphasized that it will consistently supply any quantities of the dollar directed towards meeting the needs of customers engaged in money transfer operations.

Sources elucidated that the Central Bank has informed local banks that they are permitted to continue procuring dollars to fulfill transactions with their customers, a practice that remains unchanged. However, banks are now required to ensure that the dollar amounts acquired from the Central Bank for exchange companies are primarily aimed at fulfilling the needs of their customers exclusively. Any shortfall in this regard must be independently covered by the bank. It was further explained that any purchases of dollars by banks or exchange companies for investment, commercial, or speculative objectives must be covered by the bank or company’s own Cooperaresources.

 This can include utilizing its existing stock of the currency or acquiring it through the open market or other alternatives distinct from the Central Bank’s facilities.

The Central Bank is positioned to cater to the foreign currency needs of banks, aligning with the approach taken by other central banks in the region that adhere to a fixed exchange rate with another currency. Highlighting Kuwait’s exchange policy for the dinar, the sources emphasized its objective of maintaining the relative stability of the dinar’s price against other currencies. According to this policy, the exchange rate of the dinar is determined based on a specially weighted basket of currencies from countries with significant commercial and financial ties to Kuwait.

The sources underscored the effectiveness of the Central Bank’s policy in achieving a notable degree of relative stability in the dinar’s exchange rate against major global currencies. link

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Tishwash:  Baghdad.. Washington has no intention of leaving Iraq

Iraqi armed factions announced their targeting of American forces in Ain al-Assad, western Iraq, while political parties confirm that Washington will not withdraw from Iraq even if Baghdad demands its withdrawal.  

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CandyKisses:  The US Embassy in Baghdad announces that it was attacked by two missiles and calls on the Iraqi government - Urgent

Baghdad Today – Baghdad

Today, Friday (December 8, 2023), the US Embassy in Baghdad announced that it had been attacked by two missiles, while issuing an invitation to the Iraqi government.

The office of the spokesman for the US embassy said in a statement received by "Baghdad Today", that "at about 4:15 am on Friday, the US embassy was attacked with two missiles," noting that "assessments are still ongoing, and There were no reports of injuries in the embassy complex."

"So far, no one has claimed responsibility for this attack, while indications are that the attacks were carried out by pro-Iranian groups, which operate freely in Iraq," he said.

The US embassy renewed, according to the statement, "the call for the Iraqi government to take all necessary measures to protect the personnel and facilities of diplomatic missions and partners in the international coalition," stressing that "it reserves the right to self-defense and protect its employees anywhere in the world."

Earlier in the day, a security source reported that explosions were heard near the US embassy in central Baghdad.

The source told "Baghdad Today" that "he heard explosions, at dawn on Friday, the nature of which was not known within the vicinity of the US embassy in Baghdad."

He pointed out that "sirens have been activated at the embassy," noting that "preliminary information indicates that the vicinity of the embassy is targeted by missiles whose nature is unknown."

Mot:  UNreal!!! --- but an interesting Idea!! -- LOL

Mot: .. the ""Bribery"" begins!!!!