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

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

Tlm724 Administrator Bondlady’s Corner

The Iraqi Dinar Begins To Recover Against The Dollar In Baghdad

Time: 12/23/2023 Read: 2,106 times {Economic: Al-Furat News} The prices of the US dollar fell against the Iraqi dinar, today, Saturday, with the closure of the main stock exchange in Baghdad.

Selling prices in banking shops in local markets in Baghdad recorded 153,250 dinars for 100 dollars, while purchasing prices reached 151,250 dinars for 100 dollars.

The selling price this morning was 153,500 Iraqi dinars, while the purchase price was 151,500 dinars per 100 dollars.   LINK

 The Government And The Central Bank Win The Battle For Financial And Banking Reform In 2023

Financial and banking advisor, Samir Al-Nusair   The data, indicators, achievements and preliminary results achieved in 2023 indicate that the government of the Prime Minister, Mr. Muhammad Shia Al-Sudani, and the Central Bank, in continuous cooperation and coordination between them, have resulted in their comprehensive reform steps contained in the government curriculum in the axis of financial and banking reform and in the strategy of the Central Bank, which focused on regulating foreign trade financing. Opening direct dealings between Iraqi banks that secured the necessary requirements to deal with correspondent banks and opening new foreign currencies in addition to the US dollar.

 Such as the Chinese yuan, the euro, the UAE dirham, the Indian rupee, and the Turkish lira. To be traded for external transfers with these countries in accordance with understandings and agreements with the US Reserve and the US Treasury Department.

The role of the Central Bank will be supervisory and supervisory. The other achievement is the compliance of Iraqi banks with the global banking system and regularity within the system of international banking relations, which has restored confidence in the integrity of banking transactions with Iraq. This is an important and basic goal.

The other important goal, which the government is working to implement in cooperation and coordination with the Central Bank and the Association of Banks. Electronic payment companies are moving and transforming from the cash economy to the digital economy and the issuance of a number of decisions from the Council of Ministers and several instructions and executive procedures from the Central Bank to achieve this in a record period.

And work to complete the necessary infrastructure to achieve digital transformation in the banking sector. The government is working seriously on governance and automation of the tax system, the customs system, and networking with the Central Bank of Iraq.

The new thing in the Sudanese government is that it draws up plans and follows up implementation on a daily basis with the parties concerned with implementation and participates in facilitating procedures and overcoming obstacles first and foremost. It consults continuously with the Central Bank as an advisor to the government.

Since we are in the last week of 2023, the Central Bank and the government have set before them in 2024 the completion of financial and banking reforms in a way that achieves complete financial and banking reform and controlling and maintaining the stability of the exchange rate of the Iraqi dinar in a way that does not allow the official rate to be equal to the exchange rate in the parallel market. And that the planned goals for the year are Mentioned as follows:

First - Building a stable financial system lies in accompanying financial electronic systems.

Second: Commitment to establishing the rules of compliance, risk management, transparency, and soundness of financial operations.

Third: Working to strengthen international relations, including establishing a network of relations with foreign correspondent banks.

Fourth: Establishing a Riyada Bank and redirecting work on initiatives to finance small and medium enterprises in accordance with standards

New banks contribute to its capital and management. In line with the initiative of the Prime Minister (Riyada).

Establishing a loan guarantee company.

Fifth: Prepare and launch a financial inclusion strategy and put it into practice in coordination with the relevant authorities.

Sixth - Launching the national lending strategy, relying on the banks’ own financial capabilities to attract deposits and invest them in providing the best banking products to customers and contributing to development.     Views 51 12/23/2023  https://economy-news.net/content.php?id=38767

Parliamentarian: The Sudanese Government Is Proceeding With Comprehensive Economic Reforms

Economy | 12/23/2023 Mawazine News – Baghdad    MP Kazem Al-Touki confirmed today, Saturday, that the government of Muhammad Shiaa Al-Sudani is proceeding with comprehensive economic reforms in the country.

Al-Touki said in an interview followed by Mawazine News, “The government has taken it upon itself to automate all transactions, and we lack a culture of savings.”

He added, "The Sudanese government has taken it upon itself to automate all transactions, government work, and dealings between ministries by keeping the money that is in banks, for example, fuel."

He continued, "Everyone will be forced to deposit money in the government's balance, which is similar to compulsory savings within central banks."

Al-Touki stated, "The main problem lies in the lack of a culture of savings and citizens withdrawing all money from outlets because this is a recent experience and the government needs to encourage citizens through other future measures."    https://www.mawazin.net/Details.aspx?jimare=239552

Plasschaert: Iraq Has An Excellent Opportunity For Rapid Progress In Its Sustainable Development

Political |  12/23/2023  Mawazine News – Baghdad  The Special Representative of the Secretary-General of the United Nations in Iraq, Jeanine Hennis-Plasschaert, confirmed today, Saturday, that Iraq has an excellent opportunity for rapid progress in its sustainable development.

In her end-of-year message, Plasschaert said, “Going back to last year, I said that, in light of political stability and bright opportunities on the horizon, Iraq has an excellent opportunity for rapid progress in its sustainable development, and a year later, several important steps and promising initiatives have already emerged.” .

She added, “While the country is in a position to seize the many opportunities available to it, doing so will not be an easy task, and therefore, I can only echo the words of Secretary-General António Guterres during his visit earlier this year: “The United Nations is committed to supporting Iraq.” To consolidate its democratic institutions and advance peace, sustainable development and human rights for all Iraqis.”

She continued by saying: “On behalf of the United Nations family in Iraq, I wish you all a happy New Year full of peace and wellness.”    https://www.mawazin.net/Details.aspx?jimare=239554

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

https://www.bondladyscorner.com/

Provoking Points To Ponder on Inspiration:

Praise out of season, or tactlessly bestowed, can freeze the heart as much as blame.  - Pearl S. Buck

The pitcher cries for water to carry and a person for work that is real.  - Marge Piercy

Beware of trying to accomplish anything by force.  - Angela Merici

Every true man, sir, who is a little above the level of the beasts and plants, lives so as to give a meaning and a value to his own life.  - Luigi Pirandello

Never let go of that fiery sadness called desire.  - Patti Smith

For every man there exists a bait which he cannot resist swallowing.  - Friedrich Nietzsche

The moment somebody says to me, "This is very risky," is the moment it becomes attractive to me. - Kate Capshaw 

Discontent is the first step in progress. No one knows what is in him till he tries, and many would never try if they were not forced to.  - Basil W. Maturin

All progress is based upon a universal, innate desire on the part of every living organism to live beyond its income.  - Samuel Butler

It is the spur of ignorance, the consciousness of not understanding, and the curiosity about that which lies beyond that are essential to our progress.  - John Pierce

One starts an action simply because one must do something.  - T. S. Eliot

What you are must always displease you, if you would attain to that which you are not. - Saint Augustine 

Praise out of season, or tactlessly bestowed, can freeze the heart as much as blame.  - Pearl S. Buck

The pitcher cries for water to carry and a person for work that is real.- Marge Piercy

Famous Quotes and Authors, Famous Quotations for all Occasions

"Tidbits From TNT" Saturday 12-23-2023

TNT:

Tishwash:  Revealing a European visit to Iraq

We learned from well-informed sources that a senior European official intends to visit the Iraqi capital, Baghdad, next week.

According to the sources, “a high-ranking European official intends to visit Baghdad next week.”

Baghdad is witnessing an increasing diplomatic activity, represented by visits conducted by high-level foreign officials during the past months.

This comes in light of assurances from the Iraqi government to follow a moderate approach in relations with the regional environment and the international community.  link

CandyKisses:  Against major currencies. US dollar at 5-month low

Baghdad Today - Follow-up

The US dollar fell against a group of major currencies around the world, on Friday (December 22, 2023), recording its lowest level in nearly five months, affected by data from the slowdown in annual inflation in the United States in November, which reinforced Market expectations about a US interest rate cut in March.

As of November, inflation in America, according to the PCE price index, stood at 2.6 percent, down from 2.9 percent in October.

Excluding volatile food and energy components, the core PCE price index rose 3.2 percent year-on-year in November, the smallest rise since April 2021.

The Federal Reserve is closely monitoring PCE price metrics in the hope of bringing inflation to its target of two percent.

The dollar index fell 0.13 percent in the latest trade to 101.65, its lowest level since late July.

The index has fallen more than two percent over the past two weeks and is heading to end the year down just under two percent.

Sterling rose 0.28 percent to $1.2728 as traders digested data showing British retail sales in November jumped more than expected, but third-quarter GDP was revised downwards.

The dollar rose 0.18 percent against the yen in the latest trade to 142.37 yen, after data from core inflation in Japan slowed sharply in November.

The risk-sensitive Australian and New Zealand dollars traded higher during the day. The Australian dollar rose 0.12 percent to $0.6811 after earlier touching $0.6825, the highest level since July.

The New Zealand dollar traded 0.24 percent higher at $0.6309, also a five-month high.

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CandyKisses:   Iraq plans to achieve self-sufficiency in oil products during the second quarter of 2024

Shafaq News / Deputy Prime Minister for Energy Affairs and Minister of Oil Haiyan Abdul Ghani confirmed on Saturday the ministry's intention to reach self-sufficiency in oil products during the second quarter of 2024, after the completion of a number of important projects in the liquidation sector.

This came during the opening of the project to complete the fourth refining unit with a capacity of (70) thousand barrels per day at the South Refineries Company in Basra Governorate.

Abdul Ghani said in a speech during the celebration that the operation of this unit will provide large quantities of oil products, including naphtha, gas oil, kerosene, liquid gas, and others to cover a large part of the local need.

The Minister of Oil pointed out that the project was among the priorities of the government program and was completed in a record period by the national effort after the relugation of foreign companies.

For his part, the Director General of the South Refineries Company, Hossam Hussein Wali, said in a speech during the ceremony that the company fulfilled its obligations to the government and the ministry to complete the project within the planned period, stressing that the production of this unit of oil products will cover a large part of the local need, especially gas oil and kerosene, indicating that the company contributes through projects to increase refining capacity to reach the coverage of the local need and improve the quality of oil products.

While the spokesman for the Ministry of Oil, Assem Jihad, said that the opening of the fourth unit with a capacity of (70) thousand barrels per day, will contribute to raising the total refining capacity of the South Refineries Company to 280 thousand barrels per day.

He explained that the small stage will witness the opening of the Azmra unit to improve the quality of products in the refinery, in addition to proceeding with the completion of the (FFC) project, which is one of the promising projects, and represents a qualitative leap in upgrading oil products to (Euro 5).

Mot: The Legend of the Christmas Spider !!!!...........................

Mot: She Asked Me to Post This But - She Wouldn't Tell Me Her Name - But YOU KNow Who She is!!!

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

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

Good Morning Dinar Recaps,

"The new framework for market risk (the Fundamental Review of the Trading Book or FRTB) and the new additive requirements for derivative transactions (the Credit Valuation Adjustment or CVA-related changes) would significantly raise the costs for U.S. public companies to hedge business and operating risks e.g., interest rate, foreign exchange, and commodity risks."

The Basel 3 end game which begins in the middle of January 2024 will be implemented in three phases just like Protocol 20 at the end of the month is going to be implemented in three phases.

The expectation is that it will affect the markets in new price pressures because of the addition of more Capital Requirements to supplement and equate trade and investment value risks. Bank stress tests have been performed, and the recommendation for this phased-in approach for Protocol 20 and Basel 3 implementation was the topic of their concluding thoughts.

© Goldilocks

Business Roundtable Link
Cadwalader Link

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Revised FSB Recommendations and IOSCO Guidance on Anti-Dilution Liquidity Management Tools (LMTs) aim to achieve a significant strengthening of liquidity management by open-ended fund (OEF) managers compared to current practices.   FSB Link

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Philadelphia Fed manufacturing gauge weakens further in December

Key details:

The barometer on new orders dropped sharply to negative 25.6 in December after a slightly positive reading of 1.3 in the prior month.

The shipments index remained in contraction territory at negative 10.8.

The measure on six-month business outlook rose to 12.1 from a negative reading of 2.1 in November. This is the highest reading since July.

Big picture: The Philadelphia Fed index is one of the first regional manufacturing gauges that offer timely reads of the manufacturing sector. Morningstar Link

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(Bloomberg) -- China will halt the export of a range of rare-earth technologies, potentially making it harder for the US and its allies to bolster Western supplies of strategic raw materials.

Finance Yahoo Link
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CHINA’S YUAN SECURES FOURTH PLACE IN GLOBAL PAYMENTS

TLDR

• China’s yuan has overtaken the Japanese yen to become the fourth most-used currency in global payments.

• The yuan’s share in global payments rose to 4.6%, trailing only the pound sterling, euro, and US dollar.

• Lower interest rates in China have made the yuan more appealing for international trade finance.

• The yuan’s rise reflects Beijing’s efforts to enhance its international profile and reduce reliance on the US dollar. CryptoPolitan Link

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Basel 3 and Protocol 20 are currently being synchronized to run parallel to one another and interfaced as a single cohesive unit.

© Goldilocks

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Why Hydrogen-Powered Planes Will Beat Electric Planes

https://youtu.be/IMb5Frr-520?feature=shared

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Prometheum gets the go-ahead from FINRA to offer digital asset securities clearing services    

The Block Link

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Washington, D.C. — Commissioner Christy Goldsmith Romero, sponsor of the Commodity Futures Trading Commission’s (CFTC) Technology Advisory Committee (TAC), today announced the TAC will hold a meeting on January 8, 2024.  The meeting will take place from 12:30 p.m. to 4:30 p.m. (EST) at the CFTC’s Washington, D.C. headquarters.  The public will be able to watch the live meeting via webcast at CFTC.gov

At this meeting, the TAC will continue its discussion of issues relating to digital assets and blockchain technology, cybersecurity, and emerging and evolving technologies. 

A detailed agenda will be forthcoming as the meeting date approaches.  For agenda updates and more information about this advisory committee, including its members, visit TAC. 

https://www.cftc.gov/PressRoom/PressReleases/8844-23

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S&P Global Ratings Launches Stablecoin Stability Assessment  PR Newswire Link

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Blockchain adoption ‘accelerating very quickly’ in big finance — Franklin Templeton exec
Coin Telegraph Link

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Thank you Dinar Recaps

MilitiaMan: Central Bank of Iraq - Exchange Rate - Stability - An International Welcome for Iraq - Dinar

Central Bank of Iraq - Exchange Rate - Stability - An International Welcome for Iraq - Dinar

MilitiaMan and Crew:  12-22-2023

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=p-giKdUucgU

Iraq Economic News and Points to Ponder Friday Afternoon 12-22-23

Iraq Economic News and Points to Ponder Friday Afternoon 12-22-23

Tlm724 Administrator Bondlady’s Corner

Regarding the dollar... Al-Alaq talks about American and international welcome to the Central Bank’s steps

Economy | 07:13 - 12/22/2023    Mawazine News – Baghdad  The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Friday, the continuation of financing foreign trade in several foreign currencies in addition to the dollar. While he indicated that the banking sector’s implementation of compliance rules strengthens Iraq’s financial position globally, he pointed out that there is an international welcome from the US State Department. And the International Monetary Fund, with the measures implemented by the bank that strengthened the banking sector’s commitment to these rules.

Al-Alaq said, “The Central Bank followed a plan that included mobilizing all requests for the dollar within the proper and fundamental channels, while attracting all merchants, importers, and those in need of external transfers within these frameworks and channels.”

He added, "The more the size of these channels and the number of participants expand in them, the more it affects two things positively. The first is the exchange rate and its stability, and the second is providing the correct compliance rules, which strengthens the reputation of the country and the banking sector externally and strengthens Iraq's financial position globally.

This matter is currently being done with an exceptional and great effort, as for the first time it is witnessing... Iraq: Reorganizing the external transfer process through correspondent banks instead of the central bank or the Federal Bank being the executive interface for this process.

He continued, "In fact, this process is not the best practice in the world. Rather, it is better for all transfers to be through a relationship between the local Iraqi bank and the external correspondent bank, and the central bank carries out the process of monitoring, supervising, and enhancing foreign currency balances abroad to cover these needs."

Al-Alaq stressed, “This matter was achieved by introducing a series of currencies into foreign trade, including the Chinese yuan, the Indian rupee, the euro, the Turkish lira, and the Emirati dirham, in addition to the dollar. Wherever there is a need that depends on the weight of trade between us and the country with which there is trade activity, we will use those currencies.” ".

He pointed out that "the US Department of the Treasury and the Federal Bank very much welcomed the central bank's steps related to the use of correspondent banking channels, and also the application of compliance procedures and rules followed by the central bank.

This also appeared in the recent International Monetary Fund report, which praised the central bank's efforts within the framework of the banking sector's compliance with anti-corruption rules." Money laundering and terrorist financing.”  https://www.mawazin.net/Details.aspx?jimare=239512

Central Bank Governor: International Welcome To The Iraqi Banking Sector’s Commitment To Compliance Rules

Friday 22, December 2023 19:41 | Economical Number of readings: 121  Baghdad / NINA / The Governor of the Central Bank, Ali Al-Alaq, confirmed today, Friday, the continuation of financing foreign trade in several foreign currencies in addition to the dollar. While he indicated that the banking sector’s application of compliance rules strengthens Iraq’s financial position globally, he pointed out that there is an international welcome from the US State Department. And the International Monetary Fund, with the measures implemented by the bank that strengthened the banking sector’s commitment to these rules.

Al-Alaq told the official agency, “The Central Bank followed a plan that included mobilizing all requests for the dollar within the proper and fundamental channels, while attracting all merchants, importers, and those in need of external transfers within these frameworks and channels.”

He added: "The more the size of these channels and the number of participants in them expand, the more this will affect two things positively. The first is the exchange rate and its stability, and the second is providing the correct compliance rules, which strengthens the reputation of the country and the banking sector externally and strengthens Iraq's financial position globally.

This matter is currently being done with an exceptional and great effort." For the first time, Iraq is witnessing the reorganization of the external transfer process through correspondent banks, instead of the Central Bank or the Federal Bank being the executive interface for this process.”

He continued: "In fact, this process is not the best practice in the world. Rather, it is better for all transfers to be through a relationship between the local Iraqi bank and the external correspondent bank, and the central bank carries out the process of monitoring, supervising, and enhancing foreign currency balances abroad to cover these needs."

Al-Alaq stressed, "This matter was achieved by introducing a series of currencies into foreign trade, including the Chinese yuan, the Indian rupee, the euro, the Turkish lira, and the Emirati dirham, in addition to the dollar. Wherever there is a need that depends on the weight of trade between us and the country with which there is trade activity, we will use those currencies."

He pointed out that "the US Department of the Treasury and the Federal Bank very much welcomed the Central Bank's steps related to the use of correspondent banking channels, as well as the application of compliance procedures and rules followed by the Central Bank.

This also appeared in the recent International Monetary Fund report, which praised the Central Bank's efforts within the framework of the banking sector's compliance with the rules." Combating money laundering and terrorist financing.”/End 9    https://ninanews.com/Website/News/Details?key=1096840

Decrease In Dollar Exchange Rates In Baghdad Markets

Economy  Thursday, December 21, 2023 Baghdad/National News Center  Today, Thursday, the exchange rates of the US dollar witnessed a decline in the markets of the capital, Baghdad.

Dollar prices fell with the opening of the Al-Kifah and Al-Harithiya stock exchanges to record 153,250 dinars per 100 dollars, while yesterday, Wednesday, prices were 154,600 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 154,250 dinars, while the purchasing price reached 152,250 dinars for every 100 dollars.    https://nnciraq.com/242197/

The Central Bank Of Iraq's Dollar Sales Declined In Today's Trading

Economy  Thursday, December 21, 2023 Baghdad/National News Center  The Central Bank's dollar sales at the currency auction fell today, Thursday, to reach $209 million.

The Central Bank recorded sales of the dollar, during its auction for buying and selling the US dollar today, 209 million 994 thousand and 098 dollars compared to yesterday, Wednesday, in which sales amounted to 215 million 128 thousand and 512 dollars, which the bank covered at a base exchange rate of 1305 dinars, for every dollar of documentary credits. And international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,310 dinars per dollar in cash.

Most of the bank's dollar sales went to strengthen balances abroad in the form of (transfers, credits), which amounted to 177 million 547 thousand and 98 dollars, an increase of 82%, compared to cash sales amounting to 32 million and 420 thousand dollars.

The number of banks that purchased cash dollars reached 9 banks, while the number of banks that responded to requests to enhance balances abroad reached 20 banks, while the total number of exchange and brokerage companies participating in the auction was 222 companies. 

https://nnciraq.com/242270/

Oil Prices Exceed $80 Per Barrel

Economy |  12/22/2023 Baghdad - Mawazine News   Oil prices rose by as much as 1 percent today, Friday, as tensions continue in the Middle East and the Red Sea.

Brent crude futures rose 86 cents, or 1.1 percent, to $80.25 per barrel, while US West Texas Intermediate crude futures rose 81 cents, or 1.1 percent, to $74.70 per barrel.

Both contracts also rose more than 4% for the second week in a row, as concerns about shipping in the Red Sea pushed prices higher.

Germany's Hapag-Lloyd and Hong Kong's OOCL were the latest companies to announce they would avoid the Red Sea by rerouting ships or suspending sailings.

https://www.mawazin.net/Details.aspx?jimare=239497

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

https://www.bondladyscorner.com/

Provoking Points To Ponder on Inspiration:

Every true man, sir, who is a little above the level of the beasts and plants, lives so as to give a meaning and a value to his own life.  - Luigi Pirandello

Never let go of that fiery sadness called desire.  - Patti Smith

For every man there exists a bait which he cannot resist swallowing.   - Friedrich Nietzsche 

The moment somebody says to me, "This is very risky," is the moment it becomes attractive to me.  Kate Capshaw 

Discontent is the first step in progress. No one knows what is in him till he tries, and many would never try if they were not forced to.   - Basil W. Maturin

All progress is based upon a universal, innate desire on the part of every living organism to live beyond its income.  - Samuel Butler

It is the spur of ignorance, the consciousness of not understanding, and the curiosity about that which lies beyond that are essential to our progress.   - John Pierce

One starts an action simply because one must do something.  - T. S. Eliot

What you are must always displease you, if you would attain to that which you are not. - Saint Augustine

If you're good to your staff when things are going well, they'll rally when times go bad.- Mary Kay Ash

Iraq Economic News and Points to Ponder Friday AM 12-22-23

Iraq Economic News and Points to Ponder Friday AM 12-22-23

Tlm724 Administrator Bondlady’s Corner

New Dollar Shipments May Reduce The Exchange Rate In Iraq

December 21, 2023 Last updated: December 21, 2023 Independent / - Iraq is awaiting new dollar shipments imported by government and private banks after the recent agreements between the Central Bank of Iraq and the American side.  It is hoped that they will contribute to curbing and reducing exchange rates in the parallel market.

Although government sales are made at a price of 132 thousand dinars per hundred dollars, prices in the parallel market currently range between 153 thousand and 155 thousand per hundred dollars.

Central Bank And Government Actions

The head of the Association of Private Banks, Wadih Al-Handal, said,  “The recent measures of the Central Bank of Iraq and the government, with regard to facilitating trade financing using new currencies, represented by the euro, the dirham, the Chinese yuan, and the Indian rupee, are a step that contributes to reducing the exchange rate of the dollar in the parallel market,” noting that “  “The regulation of trade financing carried out by the government and the central bank through the entry of other goods into the platform will lead to an increase in trade financing.”

He confirmed in a statement to his independent newspaper, Al-Sabah, that

“private banks are taking great steps in expanding international relations with international banks, which facilitates the financing of Iraqi trade with countries of the world,” explaining that

“the Prime Minister’s great support for the private sector is considered the beginning of reforming the economy.” "The Iraqi sector, especially since

the private sector is an important partner to the government, in providing services and jobs and reducing poverty."

Use the instructions of the Central Bank

For his part, economic expert Dr. Mustafa Hantoush explained to “Al-Sabah”:

The Central Bank used Instructions No. 4 of 2011 regarding the import of currency by banks licensed in the country that have the right to carry out this process to enhance capital or for the purposes of addressing monetary crises. He added that

the US Federal Bank had earlier reduced the dollar payments that were delivered to the Central Bank due to money laundering and the seizure of the dollar by some countries close to Iraq, but

the Central Bank agreed with the US Treasury on a successful and correct step to support local banks by establishing relationships with foreign banks. And the gradual transition of operations to enhance the balance of its accounts, which is consistent with what the bank previously announced in its plan to gradually reduce dependence on the electronic platform until it ends its work next year. Hantoush stated that

Capital Enhancement

there are banking transactions and deposits received in dollars, and related operations were carried out in dinars with the approval of the Central Bank, because the depositor requests dollars or transfers coming from abroad that are deposited in bank accounts, and

there is no payment in dollars except in dinars, which requires strengthening capital, and according to this process, the Central Bank Al-Iraqi agreed with the US Treasury on a successful step in this regard. He continued that

the American side deals as a merchant, concerned with the issue of profit, by imposing a reduction in the supply of the dollar, but

on the other hand, when it sees its banks and companies making a profit, it agrees to most of the procedures, and  it is a theory that it follows in managing the world economically.

New Shipments

It is noteworthy that a government source revealed that government and private banks imported $255 million within two weeks, and that

a number of other requests to import the dollar are on their way to being audited and implemented, with other amounts expected to arrive within the next few days.

The Importance Of Financing Small Merchants

In turn, Imad Al-Muhammadawi, who is interested in economic affairs, told Al-Sabah:

The steps taken by the Central Bank, represented by approaching banks to finance small merchants from Turkey in the euro, are extremely important as it reduces the burden and crises of using the dollar in commercial transactions. He pointed out that

 this step will contribute to encouraging Iraqi merchants to import goods from Turkey, in a way that serves the Iraqi economy and the needs of citizens. Al-Mohammadawi concluded that

these measures are positive and indicate that the government seeks to address the problem of the high exchange rate in the country, but

it is important that these efforts continue and be integrated with other measures, such as combating corruption and supporting local production.

 https://mustaqila.com/شحنات-دولارية-جديدة-قد-تخفض-سعر-الصرف-ف/

Advisor To The Prime Minister: 5 Countries Are In The Process Of Supplying Factories To Iraq

 Money  and business  Economy News – Baghdad  The Prime Minister's Advisor for Technical Affairs, Muhammad Al-Daraji, said that Iraq is in the process of agreeing with five countries to supply factories to Iraq. Al-Daraji said,

 “There is a committee formed under the direction of Prime Minister Muhammad Shiaa Al-Sudani to implement a paragraph in the budget that stipulates granting the government sovereign guarantees in favor of importing production lines and agricultural equipment for the Iraqi private sector, noting that this paragraph occurs for the first time.”

He added,  "The government is in the process of agreeing with the countries of Germany, Italy, Japan, China, and Spain, in addition to the Islamic Development Bank, to supply factories to Iraq in exchange for sovereign guarantees and to manage them by the private sector." Al-Daraji pointed out,

"This is an excellent step to strengthen the Iraqi economy and change its performance philosophy."

Views 79     Added 12/21/2023 -  https://economy-news.net/content.php?id=38710

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

https://www.bondladyscorner.com/

Provoking Points To Ponder on  Christmas

Let's dance and sing and make good cheer, For Christmas comes but once a year.  - G. MacFarren

0 little town of Bethlehem, How still we see thee lie! Above thy deep and dreamless sleep The silent stars go by.  - Phillips Brooks

No Santa Claus! Thank God, he lives, and he lives forever. A thousand years from now, Virginia, nay, ten times ten thousand years from now, he will continue to make glad the heart of childhood. - Francis P. Church

I heard the bells on Christmas Day Their old, familiar carols play, And wild and sweet The words repeat Of peace on earth, good-will to men!  - Henry Wadsworth Longfellow

For unto you is born this day in the city of David, a Saviour, which is Christ the Lord.  - Luke

God rest ye, little children; let nothing you affright, For Jesus Christ, your Saviour, was born this happy night; Along the hills of Galilee the white flocks sleeping lay, When Christ, the Child of Nazareth, was born on Christmas day.  - Dinah Mulock Craik

Twas the night before Christmas, when all through the house, Not a creature was stirring - not even a mouse; The stockings were hung by the chimney with care, In hopes that St. Nicholas soon would be there.  - Clement C. Moore

Hark the herald angels sing, "Glory to the new-born king." Peace on earth, and mercy mild, God and sinners reconciled!   - Charles Wesley 

Famous Quotes and Authors, Famous Quotations for all Occasions

Vast Majority of States are Ending Sales Tax on Gold and Silver

Vast Majority of States are Ending Sales Tax on Gold and Silver

Friday, 22 December 2023

Ending Sales Tax on Gold and Silver Is a Winning Issue

The vast majority of U.S. states have now eliminated taxes on the purchase of precious metals.

JP Cortez, December 21st, 2023

Twenty-five states considered 50 pieces of legislation this year aimed at ending taxes on the monetary metals, strengthening state finances by investing reserve funds in physical gold, establishing in-state depositories, and more.

With five bills signed into law in 2023, sound money reforms are gaining momentum across the United States.

In 2023, Mississippi became the 43rd state to do so, following the recent examples set by Ohio and Arkansas in 2021 and Tennessee in 2022.

That leaves just seven sales tax states: New Mexico, Hawaii, Wisconsin, Kentucky, Maine, New Jersey, and Vermont.

Of these seven states, five considered legislation in 2023 to end the tax.

New Jersey hopes to become the 44th sales-tax-exempt state. Assembly Bill 5294 passed unanimously through the State Assembly by a vote of 74-0, and a Senate committee unanimously passed the bill this week.

Meanwhile, Money Metals leaders collaborated with legislators in Wisconsin to introduce Assembly Bill 29 and Senate Bill 33. These measures have garnered support from 24 cosponsors representing both sides of the aisle, with a hearing expected soon.

The Alaska State House passed HB 3, the bill seeking the end to borough and city sales taxes on sound money. The measure will be considered by the Senate when the legislature reconvenes in early 2024.

In Kentucky, Rep. Steven Doan sponsored House Bill 213 as a single-issue bill, but Republican leaders insisted on incorporating the language that would end sales taxes on precious metals into a broader bill covering multiple topics.

Despite broad support in the House, Senate leaders specifically removed the sound money provision, thwarting the effort in 2023.

The most contentious sound money battles of 2023 unfolded in Augusta, Maine, when Sen. Eric Brakey introduced Legislative Draft 1051 to end sales taxes on gold and silver purchases.

The bill passed 17-15 out of the Maine Senate. On the House side, it received two favorable votes. However, Democrat majority leadership pressured its members, ultimately flipping enough votes to defeat the bill 71-72 during the final vote.

And finally, Vermont lawmakers introduced House Bill 295 to end the sales tax on sound money… as did lawmakers in Minnesota. But neither received a hearing.

The Next Step: Ending Capital Gains Tax on Precious Metals

While states can’t do anything about the federal capital gains tax on gold and silver sales (a confiscatory 28% tax rate!), a few states have sought to remove their own income taxes on sound money.

In 2023, Arkansas passed House Bill 1718, ending all remaining tax liability on transactions involving the metals, including the state capital gains tax. The popular measure passed overwhelmingly. That leaves 39 states that still tax capital gains on the sale of gold and silver.

A profit on sales of gold and silver may only be nominal in nature – i.e. the “gain” is usually a reflection of the Federal Reserve note’s loss in purchasing power.

Legislators in Iowa, Kansas, Maine, Mississippi, Missouri, South Carolina, and West Virginia all introduced such measures, with committees in Iowa, Kansas, and Missouri giving “Do Pass” recommendations.

Not Just Taxes: States Considering Other Sound Money Bills

In 2023, Missouri, Oklahoma, and Tennessee considered legislation to establish their own in-state depositories to store gold held by the state or by residents.

In North Carolina, the Sound Money Defense League worked with lawmakers in Raleigh on House Bill 721, legislation that directs the state treasurer to study all aspects of acquiring, storing, and insuring physical gold or bitcoin held on behalf of the state.

Idaho considered House Bill 180, a measure that would help protect state reserve funds with an allocation to physical gold. This bill passed through the Idaho House before being halted by the Senate State Affairs committee.

In the Volunteer State, Senate Bill 519 and House Bill 1479 authorized the Tennessee State Treasurer to invest state funds in physical gold and silver. Gov. Bill Lee signed it.

In Oregon, Money Metals Exchange and the Sound Money Defense League fought to end Commercial Activity Tax (CAT) on precious metals dealers. House Bill 2073 was a package of corporate activity tax (CAT) reforms and cleanups, including an exemption of precious metals sales.

This pro-sound money measure was signed into law by Oregon Gov. Tina Kotek in July.

And finally, Governor Ron DeSantis signed H 737 to exclude precious metals dealers in Florida from onerous regulations, including mandates for long holding periods on acquired inventory and requirements to make burdensome, privacy-destroying government filings.

The progress achieved in 2023 gives us reasons to be optimistic. With each legislative victory, we move one step closer toward the goal of restoring sound money in America.

— Money Metals

https://dinarchronicles.com/2023/12/22/vast-majority-of-states-are-ending-sales-tax-on-gold-and-silver/

Goldilocks' Comments and Global Economic News Friday AM 12-22-23

Goldilocks' Comments and Global Economic News Friday AM 12-22-23

Good Morning Dinar Recaps,

Washington, D.C. — Commodity Futures Trading Commission Chairman Rostin Behnam today announced two appointments in the Division of Data (DOD) that will enhance the CFTC’s analytic capabilities as the agency increasingly innovates its data-driven culture. Ted Kaouk has been named Chief Data Officer and Director of DOD. Dr. Kaouk will spearhead data integration initiatives and collaborate with the CFTC’s offices and divisions to help the agency make informed policy decisions. John Coughlan will serve as the agency’s first Chief Data Scientist. He will advance DOD’s data science expertise and expand the agency’s use of artificial intelligence to more effectively oversee the derivatives markets and meet its own regulatory requirements.

“The massive shifts in financial markets driven by advances in technology put the CFTC at the center of a new era of financial data, empowering us to more efficiently and effectively execute our mission,” said Chairman Rostin Behnam. “With these new critical hires, the CFTC is upskilling our data science staff, and increasing capacity and capability to be at the forefront of market innovations. We now have the team in place to set a strategy with concrete benchmarks and a clear path forward.”

https://www.cftc.gov/PressRoom/PressReleases/8843-23

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Osaka Digital Exchange provides digital securities launch details -  blockchain for ent

"After receiving regulatory approval (https://www.ledgerinsights.com/odx-digital-securities-exchange-start/) in November, Japan’s Osaka Digital Exchange (ODX (https://www.odx.co.jp/en/)) plans to start trading digital securities (https://www.ledgerinsights.com/tag/digital-securities) on Christmas Day. Today it shared the launch details of its security token venue START. During the first quarter it will offer discounted fees and just a single digital security can be traded at launch."

And, so It begins.

It looks like Japan has begun the process of utilizing a Digital Platform in trading Securities in their country. The age of tokenized assets being traded on digital platforms has begun.

This announcement came just 2 hours ago, and they plan to begin their trades on Christmas Day.

© Goldilocks
Ledger Insights Link

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Major Shipping Firms Halt Red Sea Routes Following Houthi Attacks    OilPrice Link

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Red Sea Tensions Threaten to Disrupt Diesel Market Stability    OilPrice Link

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New U.S. Trade Policy Will Empower China’s Tech Takeover    The National Interest Link

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The Historical Shift in International Trade Regulation: Why National Security Is Now at the Forefront of Doing Business
https://www.corporatecomplianceinsights.com/historic-shift-international-trade-regulation/

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Fintechs have opportunity to grow, leverage partnerships with banks in 2024    Banking Dive Link

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JUST IN:  Argentina Minister of Foreign Affairs says contracts in the country can be settled in Bitcoin.  @WatcherGuru

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This Stock Market Indicator Has Been 83% Accurate Since 1984. It's Signaling a Big Move in the S&P 500 Right Now.      The Motley Fool Link
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Fed delivers Christmas champagne to Wall Street  FX Street Link

👆  Goldilocks pointed to this article

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Fintechs have an opportunity to grow, leverage partnerships with banks in 2024  Banking Dive Link

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Banking Announcement:

UK is planning on launching a digital security sandbox on January 8th, 2024.

The sandbox will allow their Financial Market Infrastructures (FMI) to test the use of new technology on a Digital Ledger Transmission (DLT) mechanism to operate a trading pilot program that will perform Central Securities Depositories (CSD) activities.

CSDs includes foreign currency exchanges, stocks, bonds, money markets and more.

This testing of tokenized assets will enable them to move forward at the end of the month inside Protocol 20.

© Goldilocks
Euro Next Link
RegulationAsia Link

👆 Bank of England, UK
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"Tidbits From TNT" Friday 12-22-2023

TNT:

Tishwash:  Parliamentary Oil: Approval of the Oil and Gas Law depends on one condition

Member of the Parliamentary Oil and Gas Committee, Kazem Al-Touki, revealed the approval condition for approving the oil and gas law.

Al-Touki said {to Al-Furat News} that: “Approval of the oil and gas law at this stage depends on the Kurdish interlocutor, if the center’s entitlements are provided and the ceiling of demands that complicated the law are waived.”

He explained, "The law in general solves all problems in the budget and revenues, each according to its entitlement."

Al-Touki pointed out that "this matter depends on the political situation, stability and trust between the center and the region."  link

Tishwash:  Using national currency needed for respecting state sovereignty, says Iraqi PM advisor

ERBIL, Kurdistan Region - The financial advisor to Iraq’s prime minister on Wednesday stressed the need for all internal transactions to be conducted using the Iraqi dinar, telling Rudaw that using anything other than the national currency is a disrespect to the state’s sovereignty.

The Iraqi dinar has been losing value against the US dollar for several months, leading to a surge in prices of basic goods and consequent outcry from the Iraqi public. The depreciation has been attributed to the smuggling of dollars out of Iraq, mainly to neighboring Iran.

The Iraqi government has for months been trying to control the fluctuations in the exchange rate between the dinar and the US dollar. The value of one dollar currently sits at around 1,530 dinars in the currency markets of Iraq and the Kurdistan Region, which is significantly higher than the value set out in the federal budget.

“One of the requirements for any country to respect its sovereignty is that there should not be two currencies within the economy,” Mudher Mohammed Saleh, the financial advisor to Iraqi Prime Minister Mohammed Shia’ al-Sudani, told Rudaw.

“The purpose of foreign currency is to deal with it outside the [national] economy, so it is not possible to consider the existence of a price in the dollar and a price in the dinar: one rises and the other falls. No monetary policy can control such a situation,” he added.

The Central Bank of Iraq (CBI) in September announced that all the transactions inside Iraq would be made using Iraqi dinars starting in 2024.

The advisor stressed that all internal transactions, including the payment of financial entitlements and salaries, need to be made using the Iraqi dinar, while external transactions can be carried out using foreign currencies at their specified exchange rates.

The 2023, 2024, and 2025 Iraqi federal budget, passed in June, set the exchange rate of $1 to 1,320 Iraqi dinars. The ongoing smuggling has prevented the suggested value from being reached.

“The exchange rate will be fixed, especially since it has been fixed in the federal budget law for three years,” said Saleh.

The discrepancy between the dinar value set in the budget and the exchange markets has compounded the economic woes of citizens, who typically receive their salaries in dinars but are forced to deal with more expensive prices due to the devaluation of the currency on the black market.

The US in July banned transactions with 14 Iraqi banks for allegedly violating its rules. The move further dropped the value of the Iraqi currency.   ink

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Tishwash:  Sudanese Advisor: The dollar is declining, prices are stabilizing, and expectations are optimistic

Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, commented today, Thursday, on the optimistic expectations of the International Monetary Fund regarding the growth rate in non-oil GDP in Iraq, and while he announced a decline in the annual growth rate of prices, he identified a factor that contributes to the stability of the general level. For prices. 

Saleh said: “According to what was announced by the statement of the International Monetary Fund expert delegation in its recent consultations with the official Iraqi side: it is expected that the growth rate in non-oil gross domestic product will reach approximately positive 5%, and in our estimate that these optimistic expectations reflect great economic dynamism in The movement of growth of the real and service sectors outside the oil sector, as a result of the renaissance of investment in the construction sector, infrastructure, digital services and various interconnected activities,

Which is an increase in growth equivalent to approximately twice the growth of the population, which means it has positive effects on the prosperity of individual income because growth is linked to the level of employment and use of resources. humanity and reducing unemployment rates.

He added, "Price spikes may occur individually, but what concerns us is the stability of the general level of prices. Therefore, it is noted that the increase in growth in price rates is decreasing, as the annual growth rate of prices decreased from 7% last January to 3.7% last month." November of this year compared to November of last year.

Saleh continued, “On the other hand, the exchange rate in the unregulated market has not witnessed new rises. Rather, today it is in a gradual decline. The more regular the work of the compliance platform is and the more banks respond to the requirements of combating money laundering in a transparent manner, the more transfers will increase through the external transfer platform, which is the responsible platform.” On meeting the private sector’s foreign currency needs by 85% to finance trade.

He noted that "the needs of travelers are met through two ways: credit cards and cash dollars, and that private banks have imported cash dollars for themselves to meet the needs of their customers from their dollar accounts in amounts that have exceeded tens of millions of cash dollars in recent days, and they are continuing normally based on the regulations." issued by the Central Bank of Iraq in this regard.

He pointed out that "the commodity market has begun to be supported by a diversified commodity supply through the movement of additional government imports, especially food, medicine, building supplies and spare parts, all of which are supplied at a fixed exchange rate of 1,320 dinars per dollar, which is the factor that contributes to the stability of the general price level and counters market noise." Illegal and irregular exchange accounts for only 10% of foreign currency trading.”   link

Mot: . aaaaaaaaaaaannnnnnnnnnddd - Here WE IS!!!!!

Mot:  . the ""REAL"" Challenge of Wrapping the Presents!!!! 

Iraqi News Highlights and Points to Ponder Friday AM 12-22-23

Iraqi News Highlights and Points to Ponder Friday AM 12-22-23

Sudanese Advisor: The Dollar Is Declining, Prices Are Stabilizing, And Expectations Are Optimistic

Economy | 04:19 - 12/21/2023  Mawazine News - Baghdad,   Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Salih, commented today, Thursday, on the optimistic expectations of the International Monetary Fund regarding the growth rate in non-oil GDP in Iraq, and while he announced a decline in the annual growth rate of prices, he identified a factor that contributes to the stability of the general level. For prices.

Saleh said: “According to what was announced by the statement of the International Monetary Fund expert delegation in its recent consultations with the official Iraqi side: it is expected that the growth rate in non-oil gross domestic product will reach approximately positive 5%, and in our estimate that these optimistic expectations reflect great economic dynamism in The movement of growth of the real and service sectors outside the oil sector, as a result of the renaissance of investment in the construction sector, infrastructure, digital services and various interconnected activities, which is an increase in growth equivalent to approximately twice the growth of the population, which means it has positive effects on the prosperity of individual income because growth is linked to the level of employment and use of resources. humanity and reducing unemployment rates.

He added, "Price spikes may occur individually, but what concerns us is the stability of the general level of prices. Therefore, it is noted that the increase in growth in price rates is decreasing, as the annual growth rate of prices decreased from 7% last January to 3.7% last month." November of this year compared to November of last year.

Saleh continued, “On the other hand, the exchange rate in the unregulated market has not witnessed new rises. Rather, today it is in a gradual decline. The more regular the work of the compliance platform is and the more banks respond to the requirements of combating money laundering in a transparent manner, the more transfers will increase through the external transfer platform, which is the responsible platform.” On meeting the private sector’s foreign currency needs by 85% to finance trade.

He noted that "the needs of travelers are met through two ways: credit cards and cash dollars, and that private banks have imported cash dollars for themselves to meet the needs of their customers from their dollar accounts in amounts that have exceeded tens of millions of cash dollars in recent days, and they are continuing normally based on the regulations." issued by the Central Bank of Iraq in this regard.

He pointed out that "the commodity market has begun to be supported by a diversified commodity supply through the movement of additional government imports, especially food, medicine, building supplies and spare parts, all of which are supplied at a fixed exchange rate of 1,320 dinars per dollar, which is the factor that contributes to the stability of the general price level and counters market noise." Illegal and irregular exchange accounts for only 10% of foreign currency trading.”

https://www.mawazin.net/Details.aspx?jimare=239485

Using National Currency Needed For Respecting State Sovereignty, Says Iraqi PM Advisor

Rudaw  Mudher Mohammed Saleh, the financial advisor to Iraqi Prime Minister Mohammed Shia’ al-Sudani, speaking to Rudaw on December 20, 2023. Photo: Rudaw/screengrab

Also in ECONOMY

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ERBIL, Kurdistan Region - The financial advisor to Iraq’s prime minister on Wednesday stressed the need for all internal transactions to be conducted using the Iraqi dinar, telling Rudaw that using anything other than the national currency is a disrespect to the state’s sovereignty.

The Iraqi dinar has been losing value against the US dollar for several months, leading to a surge in prices of basic goods and consequent outcry from the Iraqi public. The depreciation has been attributed to the smuggling of dollars out of Iraq, mainly to neighboring Iran.

The Iraqi government has for months been trying to control the fluctuations in the exchange rate between the dinar and the US dollar. The value of one dollar currently sits at around 1,530 dinars in the currency markets of Iraq and the Kurdistan Region, which is significantly higher than the value set out in the federal budget.

“One of the requirements for any country to respect its sovereignty is that there should not be two currencies within the economy,” Mudher Mohammed Saleh, the financial advisor to Iraqi Prime Minister Mohammed Shia’ al-Sudani, told Rudaw.

“The purpose of foreign currency is to deal with it outside the [national] economy, so it is not possible to consider the existence of a price in the dollar and a price in the dinar: one rises and the other falls. No monetary policy can control such a situation,” he added.

The Central Bank of Iraq (CBI) in September announced that all the transactions inside Iraq would be made using Iraqi dinars starting in 2024.

The advisor stressed that all internal transactions, including the payment of financial entitlements and salaries, need to be made using the Iraqi dinar, while external transactions can be carried out using foreign currencies at their specified exchange rates.

The 2023, 2024, and 2025 Iraqi federal budget, passed in June, set the exchange rate of $1 to 1,320 Iraqi dinars. The ongoing smuggling has prevented the suggested value from being reached.

“The exchange rate will be fixed, especially since it has been fixed in the federal budget law for three years,” said Saleh.

The discrepancy between the dinar value set in the budget and the exchange markets has compounded the economic woes of citizens, who typically receive their salaries in dinars but are forced to deal with more expensive prices due to the devaluation of the currency on the black market.

The US in July banned transactions with 14 Iraqi banks for allegedly violating its rules. The move further dropped the value of the Iraqi currency.   https://www.rudaw.net/english/business/21122023

Parliamentary Response: Why Does America Not Want Political Stability In Iraq?

Information / Baghdad...  Former member of the House of Representatives, Muhammad Ibrahim, confirmed today, Friday, that the American administration does not want political stability in Iraq, while explaining the main reason behind this.

Ibrahim told Al-Maalouma, “Washington seeks to maintain the economic stability that exists in Iraq, as destabilizing the situation in Iraq will make the Middle East region unstable.”

He added, "The situation in Iraq will continue to be stable despite America continuing its provocations and operations against the security services and the Popular Mobilization Forces, and this makes the situation unstable inside Iraq."

He stated that "America seeks to ensure the instability of the political situation inside Iraq, to ​​ensure that no decision is taken to remove its forces from the country, and thus it continues to be present in military bases and continues its provocative operations against the security services in various regions of Iraq." LINK

Provoking Points To Ponder on Friendship:

Of all the things which wisdom provides to make us entirely happy, much the greatest is the possession of friendship.  - Epicurus

Friendship is the only cement that will ever hold the world together.  - Woodrow Wilson

The glory of friendship is not the outstretched hand, nor the kindly smile, nor the joy of companionship; it is the spiritual inspiration that comes to one when he discovers that someone else believes in him and is willing to trust him.  - Ralph Waldo Emerson

What a great blessing is a friend with a heart so trusty you may safely bury all your secrets in it. - Seneca

When a friend is in trouble, don't annoy him by asking if there is anything you can do. Think up something appropriate and do it.  - Edgar Watson Howe

A real friend is one who walks in when the rest of the world walks out.  - Walter Winchell

The most I can do for my friend is simply to be his friend.  - Henry David Thoreau

Friendship improves happiness, and abates misery, by doubling our joy, and dividing our grief. - Joseph Addison

It is not what you give your friend, but what you are willing to give him, that determines the quality of your friendship. - Mary Dixon Thayer

A friend is someone who knows all about you and loves you just the same. - Elbert Hubbard

It is not the talking that counts between friends, it is the never needing to say what counts. - Shawn Green

Famous Quotes and Authors, Famous Quotations for all Occasions

MilitiaMan: Iraq Dinar - National Currency - International - Dinar Game is Going Globally - IMF Article VIII

Iraq Dinar - National Currency - International - Dinar Game is Going Globally - IMF Article VIII

MilitiaMan and Crew:  12-22-2023

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=C2VXgdZfi5E