"Tidbits From TNT" Thursday Morning 1-18-2024
TNT:
Tishwash: Iraq is taking serious steps to join the World Trade Organization
The head of the team concerned with Iraq's accession to the World Trade Organization, Saqr Abdullah Al-Muqbel, confirmed today, Thursday, that Iraq has taken serious steps to join the World Trade Organization.
Al-Muqbil told the Iraqi News Agency (INA): “Iraq is rich in its natural and human resources, and the ability of its people to build a truly competitive economy with all countries of the world.”
He added, "Iraq's economy keeps pace with the aspirations of the region and the world in a transparent and open economy for cooperation and building strategic commercial partnerships with all countries of the world."
He pointed out, "Iraq is witnessing serious steps towards joining the World Trade Organization link
TNT:
Tishwash: Iraq is taking serious steps to join the World Trade Organization
The head of the team concerned with Iraq's accession to the World Trade Organization, Saqr Abdullah Al-Muqbel, confirmed today, Thursday, that Iraq has taken serious steps to join the World Trade Organization.
Al-Muqbil told the Iraqi News Agency (INA): “Iraq is rich in its natural and human resources, and the ability of its people to build a truly competitive economy with all countries of the world.”
He added, "Iraq's economy keeps pace with the aspirations of the region and the world in a transparent and open economy for cooperation and building strategic commercial partnerships with all countries of the world."
He pointed out, "Iraq is witnessing serious steps towards joining the World Trade Organization link
Tishwash: The International Monetary Fund praises the Iraqi steps in the field of the financial and banking system
Today, Thursday, the Director General of the International Monetary Fund welcomed Iraq’s accession to a non-financing program to support economic reforms, during her meeting with Prime Minister Muhammad Shiaa Al-Sudani in Davos.
The Prime Minister's Media Office stated, in a statement received by Al-Iqtisad News, that "Sudan met with the Director General of the International Monetary Fund, Kristalina Georgieva, on the sidelines of its participation in the Davos Economic Forum held in Switzerland."
During the meeting, “financial cooperation relations between Iraq and the International Monetary Fund were discussed, within the framework of supporting the development path in Iraq.”
Al-Sudani pointed to "the government's plans in the field of economic and financial reform, as a gateway and basis for all the reforms that the government plans in all vital sectors."
Georgieva welcomed "Iraq's joining a non-financing program to support economic reforms, as meetings with the Fund will begin next month to implement this program."
She also praised "the steps taken by the government in the field of the financial and banking system, and improving the business and investment environment," expressing its "understanding of Iraq's specificity and the challenges it faces." link
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CandyKisses: Sudanese: The end of the international coalition mission is a necessity for the stability of Iraq
Baghdad Today - Baghdad
Prime Minister Mohamed Shia Al-Sudani stressed on Thursday (January 18, 2024) that the end of the international coalition's mission in Iraq is a necessity for the stability of the country.
Al-Sudani said in a speech during the dialogue session at the Davos Economic Forum held in Switzerland and followed by "Baghdad Today", that "the readiness of the armed forces is a stabilizing factor for the situation in Iraq, so we began to implement a commitment to the government to arrange a dialogue at the end of the mission of the international coalition in the country."
He added: "After the attacks on the Iraqi headquarters, we will enter into a dialogue to arrange a schedule for the end of the tasks of the international coalition in Iraq," stressing, "This matter is an official popular demand and serious about it." "
He pointed out that "the end of the tasks of the international coalition is a necessity for the continuation of good relations between Iraq and the coalition countries," pointing out that "we have appreciation and respect for the international position and its stand with us against "ISIS."
The prime minister stressed that "the Iraqi people emerged victorious over the ordeals that the country faced over the past years."
He continued: "We are trying to move forward with steady steps in the areas of job creation and services," noting that "one of the challenges facing Iraq is not to convey a correct picture of the situation."
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Tishwash: Al-Sudani: We are serious about scheduling the end of the international coalition’s missions in Iraq
Prime Minister Muhammad Shiaa Al-Sudani in the dialogue session within the work of the Davos Economic Forum held in Switzerland:
The Iraqi people emerged victorious over the adversities that faced the country over the past years
We are trying to take steady steps in the areas of providing job opportunities and services
We set a goal to reduce the dependence of the three budgets on oil
The energy sector has not been invested properly
We turned to important strategic projects, including the development path and the petrochemical sector, to diversify sources of income
One of the challenges facing Iraq is not conveying an accurate picture of the situation
We have appreciation and respect for the international position and its standing with us against ISIS
The readiness of the armed forces is a stabilizing factor for the situation in Iraq. Therefore, by implementing the government’s commitment to arrange a dialogue on the end of the international coalition’s mission in the country
After the attacks on Iraqi headquarters, we will enter into dialogue to arrange a schedule for the end of the international coalition’s missions in Iraq
This is an official popular demand and they are serious about this
The end of the international coalition’s missions is necessary for the continuation of good relations between Iraq and the coalition countries
The security problems of the Middle East ignore the reality of the struggle of the Palestinian people and their right to establish their state with Jerusalem as its capital
We are facing a genocide of Palestinians in Gaza, and the international community is ignoring this
We warned of the expanding scope of conflict, and it has expanded
The international community must assume its legal and moral responsibility towards Palestine and against the occupation
At every moment, there are children and women falling victim in Gaza, and there is a failure by the international community regarding this matter
More than 78 decisions were not implemented by the international community, in addition to its decisions being ignored
Iraq has common interests with everyone
Iran is a neighboring country that stood with us against ISIS
We have interests with the United States and it stood with us in overthrowing the regime
Just as we do not allow interference in other countries, we do not allow interference in our affairs
Iraq is an essential country in the stability of the region
We have a fundamental partnership with the European Union and our relationship is distinguished in all areas
Iraq believes in strengthening the relationship with everyone
I called for the formation of a negotiating committee with the Gulf states because of the climate
One of our most important energy reform steps is gas investment
We started with a sound management system for optimal water use
Iraq will be completely different for the better and will move forward with confident steps
We are facing a new, economically strong, unified and stable Iraq link
Mot: Pickles dreams of Hawaii
Mot: ... When Reality Hits Home! – siggghhhhh
Goldilocks' Comments and Global Economic News Wednesday Evening 1-17-24
Goldilocks' Comments and Global Economic News Wednesday Evening 1-17-24
Good evening Dinar Recaps,
"The year 2024 might witness significant progress in U.S. regulations for stablecoins, according to Circle CEO Jeremy Allaire. Speaking at the World Economic Forum in Davos, Allaire expressed optimism about an impending approval of a stablecoin bill, citing the ongoing global momentum in digital currency regulations."
Circle, the Digital Network Company backing the stablecoin USD Coin, recently filed a confidential S-1 registration with the U.S. Securities and Exchange Commission. This registration process is a requirement in order to offer a new introductory product offering on the market. It tells us that their intentions are to go public inside the new Digital Asset-Based Trading System.
So now, we have the beginning stages of tokenized assets (spot Bitcoin ETF) beginning to populate on the markets and soon a digital dollar to process these transactions.
Goldilocks' Comments and Global Economic News Wednesday Evening 1-17-24
Good evening Dinar Recaps,
"The year 2024 might witness significant progress in U.S. regulations for stablecoins, according to Circle CEO Jeremy Allaire. Speaking at the World Economic Forum in Davos, Allaire expressed optimism about an impending approval of a stablecoin bill, citing the ongoing global momentum in digital currency regulations."
Circle, the Digital Network Company backing the stablecoin USD Coin, recently filed a confidential S-1 registration with the U.S. Securities and Exchange Commission. This registration process is a requirement in order to offer a new introductory product offering on the market. It tells us that their intentions are to go public inside the new Digital Asset-Based Trading System.
So now, we have the beginning stages of tokenized assets (spot Bitcoin ETF) beginning to populate on the markets and soon a digital dollar to process these transactions.
Each step of the way puts us closer to our goals. The USDC coin was tested all year long in 2023 to see if it would be able to hold its value. With algorithmic and gold-backed asset support, it was able to stay within a stable range of value compared to other stablecoins.
© Goldilocks
https://coinpedia.org/news/circle-ceo-expects-u-s-stablecoin-regulations-in-2024/
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RIPPLE XRP🚨TRILLIONS ON STANDBY WAITING🚨THE PATH TO A 3 DIGIT XRP
https://youtu.be/-FhuMbuVYkE?feature=shared
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The Securities and Exchange Commission’s (SEC) approval of new spot bitcoin exchange-traded funds (ETFs) could see sophisticated investors such as pension funds grow their exposure to digital currencies over time, according to Cambridge Associates.
How Bitcoin Could End Up in Pension Fund Portfolios - Banking Exchange
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"Plans are underway to introduce the capability for users to sell cryptocurrencies for fiat currencies using MoonPay."
In order for the full adoption of cryptos into the new Digital asset-based Trading System to occur, we still need the following things to be done:
* Regulatory clarity
* Bilateral derivative Market innovation in decentralized Finance
* Crypto reporting rules
All three of these are in process. They are in their final stages. Crypto reporting rules have been delayed for the time being, but they are simply amending that particular one.
© Goldilocks
Coin Gape Link
EY Link
Coin Gape Link 2
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Banking Announcements on ETFs:
OAKVILLE, Ontario — Harvest Portfolios Group Inc. (“Harvest”) is pleased to announce the completion of the initial offering of Class A and U Units of the Harvest Premium Yield 7-10 Year Treasury ETF and Class A Units of the Harvest Canadian T-Bill ETF pursuant to a prospectus dated January 8, 2024, filed with the securities regulatory authorities in all of the Canadian provinces and territories.
The Class A and U Units of the Harvest Premium Yield 7-10 Year Treasury ETF will commence trading on the Toronto Stock Exchange (“TSX”) today under the following ticker symbols: HPYM:TSX (“HPYM”) and HPYM.U:TSX (“HPYM.U”) respectively. The Class A units of the Harvest Canadian T-Bill ETF will commence trading on the TSX today under the following ticker symbol: TBIL:TSX (“TBIL”).
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WEF Tokenization debate: Does 'same activity, same rules' make sense? - Ledger Insights - blockchain for enterprise | Ledger Insights
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As Davos crowd gathers, governments urged to rein in 'billionaire class' | Reuters
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Updated: Date for Digital Asset Reporting is Here–Although Regs Have Not Been Made Widely Known Yet | JDSupra
If you receive more than $10,000 in digital assets in one transaction (or a series of related transactions), the Infrastructure Investment and Jobs (“Infrastructure Act”) that was passed in 2021, made January 1, 2024 the effective date for reporting transactions to the IRS and the Financial Crimes Enforcement Network (“FinCEN”). The report must be filed within 15 days after receiving the digital assets.
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"5 'Dogs of the Dow' Stocks Poised to Outshine the Broader Market Once Again" | Investing
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World Economic Forum 2024 is Bullish for Ripple, XRP | CoinStats
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ENERGY, CURRENCIES AND CHANGE. 🌎 2024: The year of change. Gold Telegraph on Twitter X
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Do The Numbers Tell A Silver Shortage Story?
Total silver mine production is now at its second-lowest in a decade, pointing to an undeniable undervaluation of silver.
The fascinating twist lies in the fact that as mine supply shrinks, industrial demand skyrockets, echoing a clear message: the current silver price is too low to match the market realities. Investing Haven Link
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Thank you Dinar Recaps
Iraq Economic News and Points to Ponder Wednesday Afternoon 1-17-24
An Economic Expert Calls For Using A Basket Of Currencies To Evaluate The Iraqi Dinar
Wednesday 17, January 2024 09:59 | Economical Number of readings: 496
Baghdad / NINA / Economic affairs expert, Raad Tawij, called today, Wednesday, for the use of a basket of currencies, whether the euro, the Chinese yuan, or the UAE dirham, in valuing the Iraqi dinar in a way that competes with its valuation in the dollar.
Tawij said in a statement to the National Iraqi News Agency ( NINA ): “As a result of the high competitiveness of the Iraqi economy in the field of monetary and commodity use in its trade exchange with other countries, and as a result of its use of the dollar at a rate of 95% within the framework of the Iraqi electronic platform and for the most diverse monetary exchange and to prevent the monopoly of a country’s currency.” One on the platform, so a basket of currencies, whether the euro, the Chinese yuan, or the UAE dirham, must be used to value the Iraqi dinar in a way that competes with its value in the dollar.”
He stressed, "Allowing users of this basket of currencies to use the electronic platform will contribute to creating monetary balance and addressing any deficit in other currencies."/End 8
Iraq Economic News and Points to Ponder Wednesday Afternoon 1-17-24
Tlm724 Administrator Bondlady’s Corner
An Economic Expert Calls For Using A Basket Of Currencies To Evaluate The Iraqi Dinar
Wednesday 17, January 2024 09:59 | Economical Number of readings: 496
Baghdad / NINA / Economic affairs expert, Raad Tawij, called today, Wednesday, for the use of a basket of currencies, whether the euro, the Chinese yuan, or the UAE dirham, in valuing the Iraqi dinar in a way that competes with its valuation in the dollar.
Tawij said in a statement to the National Iraqi News Agency ( NINA ): “As a result of the high competitiveness of the Iraqi economy in the field of monetary and commodity use in its trade exchange with other countries, and as a result of its use of the dollar at a rate of 95% within the framework of the Iraqi electronic platform and for the most diverse monetary exchange and to prevent the monopoly of a country’s currency.” One on the platform, so a basket of currencies, whether the euro, the Chinese yuan, or the UAE dirham, must be used to value the Iraqi dinar in a way that competes with its value in the dollar.”
He stressed, "Allowing users of this basket of currencies to use the electronic platform will contribute to creating monetary balance and addressing any deficit in other currencies."/End 8
An Economic Expert Told NINA: These Are The Reasons For The Fluctuation Of The Dollar Exchange Rates In The Local Market
Wednesday 17, January 2024 12:32 | Economical Number of readings: 434 Baghdad / NINA / The specialist in economic affairs, Durgham Muhammad Ali, confirmed that the fluctuation in the dollar exchange rate is caused by illegal speculation carried out by the banks participating in the dollar window.
Muhammad Ali said in a statement to the National Iraqi News Agency ( NINA ) that, “Limiting the sale of the dollar to banks gave them the opportunity to monopolize it and speculate with it,” adding that the security events in the past two days also had their effects on the market, raising hedging rates and buying the largest amount of foreign currency possible. Raise its price.
He continued, "The rise is temporary and will be addressed governmentally as part of the government's ongoing series of efforts to prevent the existence of a parallel market for the dollar and strengthen the national currency."/End 8 https://ninanews.com/Website/News/Details?Key=1101580
JP Morgan Bank Intends To Open Accounts For 3 Iraqi Banks
Money and business Economy News – Baghdad The Regional CEO of JP Morgan Bank for the Middle East and North Africa, Khaled Hoballah, confirmed today, Wednesday, his intention to open an account for three Iraqi banks, while expressing his willingness to enhance cooperation with Iraq, during his meeting with the Prime Minister, Muhammad Shiaa Al-Sudani, in Davos.
The Prime Minister's Media Office stated, in a statement received by Al-Eqtisad News, that "Al-Sudani met in Davos with the regional CEO of JPMorgan for the Middle East and North Africa, Khaled Hoballah."
The meeting witnessed "discussing the prospects for cooperation in the financial fields, opening accounts for Iraqi banks, as well as the possibility of the bank participating in the government's efforts to adopt electronic payment applications in Iraqi markets."
“There was also discussion about coordinating technical efforts between the Central Bank of Iraq and JPMorgan Bank in establishing ideas related to trading digital currencies for central banks.”
The Prime Minister pointed out, "Iraq looks forward to the bank's cooperation with the Iraq Development Fund, and the financing it targets to finance private sector projects in Iraq," stressing, "Iraq is moving forward with financial and banking reform steps, in a way that helps develop this vital sector."
For his part, Khaled Hoballah expressed "GB Morgan's readiness to enhance cooperation with Iraq as a government, with the Central Bank of Iraq, and the Iraqi banking sector," stressing "the bank's intention, as a first stage, to open accounts for three private Iraqi banks."
Views 63 Added 01/17/2024 - 3:31 PM https://economy-news.net/content.php?id=39533
Saleh: The 2024 Budget Has Entered Into Force With All Its Details
Time: 01/17/2024 11:07:17 Read: 1,794 times {Economic: Al-Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that the financial budget law for 2024 has entered into force since the beginning of the current new year.
Saleh told {Al-Furat News} agency, “Federal General Budget Law No. 13 of 2023 is effective for three years, and as soon as the country enters the new fiscal year 2024, the budget law becomes effective with all its details, merits, and instructions, and applies in letter and spirit to the current fiscal year, starting from 1/1 until December 31, 2024.”
On June 12, 2023, the House of Representatives voted on the federal general budget law for the Republic of Iraq for the years (2025, 2024, and 2023) in general. LINK
Al-Sudani Confirms That Iraq Is Proceeding With Financial And Banking Reform Steps
Political | 03:59 - 01/17/2024 Mawazine News – Baghdad Today, Wednesday, Prime Minister Muhammad Shiaa Al-Sudani confirmed the progress of financial and banking reform steps, while indicating Iraq’s aspiration towards the bank’s cooperation with the Development Fund.
The Prime Minister’s Media Office stated, in a statement received by Mawazine News, that “Prime Minister Muhammad Shiaa Al-Sudani met in Davos with the regional CEO of JPMorgan for the Middle East and North Africa, Khaled Hoballah.”
He pointed out that "the meeting discussed prospects for cooperation in the financial fields, and opening accounts for Iraqi banks, as well as the possibility of the bank participating in the government's efforts to adopt electronic payment applications in Iraqi markets."
He added, "Discussions took place in coordinating technical efforts between the Central Bank of Iraq and JP Morgan Bank in establishing ideas related to trading digital currencies for central banks."
The Prime Minister stressed, "Iraq looks forward to the Bank's cooperation with the Iraq Fund for Development, and the financing it targets to finance private sector projects in Iraq," pointing out that "Iraq is proceeding with financial and banking reform steps, in a way that helps develop this vital sector."
For his part, Khaled Hoballah expressed "GB Morgan's readiness to enhance cooperation with Iraq as a government, with the Central Bank of Iraq, and the Iraqi banking sector," stressing "the bank's intention, as a first stage, to open accounts for three private Iraqi banks. https://www.mawazin.net/Details.aspx?jimare=240567
The World Bank Supports The Electronic Payment System In Iraq
Economy | 08:56 - 01/17/2024 Mawazine News – Baghdad Today, Wednesday, the World Bank announced its support for the government’s measures in the field of modernizing and developing the banking sector, especially with regard to implementing the electronic payment system.
The Prime Minister's Media Office stated, in a statement received by Mawazine News, that "Al-Sudani, on the sidelines of his participation in the Davos Economic Forum, met with the President of the World Bank Group, Ajay Banga."
The statement added, "The meeting witnessed a discussion of cooperation relations between Iraq and the World Bank, in various economic fields, which contribute to supporting the government's efforts and strategic plans, towards more investment and development opportunities in Iraq."
He continued, "The two parties reviewed the measures and steps taken by the government and the Central Bank of Iraq, at the level of financial and banking reform. The projects financed by the International Finance Corporation (IFC) were also discussed, most notably the project to rehabilitate and develop Baghdad International Airport."
The statement explained, "The Prime Minister stressed the importance of World Bank reports reflecting, realistically, the new government's policies implemented in the economic and banking sectors and supporting the private sector, which aim to diversify the economy, increase its growth, and achieve financial stability, in light of the challenges facing the region and the world." .
For his part, Banga praised "the government's measures in the field of modernization and development of the banking sector, stressing his support for those measures, especially with regard to the implementation of the electronic payment system." Supports the electronic payment system in Iraq
A Saudi Official Confirms The Disappearance Of The Political Obstacles That Prevent Iraq From Joining The World Trade Organization...And Riyadh Supports That.
Wednesday 17, January 2024 14:31 | Political Number of readings: 313 Baghdad / NINA / The Undersecretary of the Ministry of Foreign Affairs for Political Planning Affairs, Ambassador Hisham Al-Alawi, received Ambassador Saqr Abdullah Al-Muqbel, head of the team charged with negotiating Iraq’s accession to the World Trade Organization.
The Undersecretary confirmed during the meeting held in the Ministry of Foreign Affairs building in Baghdad, in the presence of Hussein Younis, Head of the Economic Department at the Ministry of Foreign Affairs: “The Iraqi government is interested in openness to international organizations, and has a desire to activate Iraq’s presence in international forums, and that the Ministry of Foreign Affairs seeks to enhance regional cooperation.” And the international level, in addition to the relevant ministries in the government.”
He pointed out that Iraq has natural and human resources and a specialized workforce in many fields that deserve to be provided with job opportunities, expressing his hope that Iraq’s accession to such organizations will contribute to providing such opportunities by increasing investments in the private sector in light of the current openness and the government’s plans. To develop the economy and develop its various sectors.
For his part, the head of the Saudi delegation confirmed that the Kingdom believes that Iraq is a country that has chosen peace and stability and seeks to achieve economic development, pointing to the importance of Iraq to the Kingdom of Saudi Arabia from an economic standpoint, stressing that the Kingdom believes that the political obstacles that prevent Iraq from joining the World Trade Organization have been removed, The Kingdom’s government supports Iraq’s desire to enter global economic institutions./End 7 https://ninanews.com/Website/News/Details?Key=1101609
To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/
Provoking Points To Ponder on Adversity:
Americans are like a rich father who wishes he knew how to give his sons the hardships that made him rich. - Robert Frost
I would never have amounted to anything were it not for adversity. I was forced to come up the hard way. - J. C. Penney
Adversity introduces a man to himself. - Anonymous
I thank God for my handicaps for, through them, I have found myself, my work, and my God. - Helen Keller
When one's own problems are unsolvable and all best efforts are frustrated, it is lifesaving to listen to other people's problems. - Suzanne Massie
This struggle of people against their conditions, this is where you find the meaning in life. - Rose Chernin
http://famousquotesandauthors.com/topics/adversity_quotes.html
Famous Quotes and Authors, Famous Quotations for all Occasions-
"Tidbits From TNT" Wednesday 1-17-2024
TNT:
CandyKisses: Economist calls for the use of a basket of currencies to evaluate the Iraqi dinar
Baghdad / Nina / An expert in economic affairs Raad Twig called on Wednesday to use a basket of currencies, whether the euro, Chinese colors and the UAE dirham in the evaluation of the Iraqi dinar in a way that crowds its calendar in the dollar.
Twig said in a statement to the Iraqi National News Agency / Nina / "As a result of the high competitiveness of the Iraqi economy in the field of monetary and commodity use in its trade exchange with other countries
And as a result of its use of the dollar and by 95% within the framework of the Iraqi electronic platform and for the most diverse monetary exchange and to prevent the monopoly of the currency of one country on the platform, a basket of currencies, whether the euro, Chinese colors and the UAE dirham, must be used in the calendar of the Iraqi dinar in a way that crowds its calendar in dollar".
He stressed that "allowing users of this basket of currencies to use the electronic platform will contribute to creating monetary balance and addressing any deficit in other currencies."
TNT:
CandyKisses: Economist calls for the use of a basket of currencies to evaluate the Iraqi dinar
Baghdad / Nina / An expert in economic affairs Raad Twig called on Wednesday to use a basket of currencies, whether the euro, Chinese colors and the UAE dirham in the evaluation of the Iraqi dinar in a way that crowds its calendar in the dollar.
Twig said in a statement to the Iraqi National News Agency / Nina / "As a result of the high competitiveness of the Iraqi economy in the field of monetary and commodity use in its trade exchange with other countries
And as a result of its use of the dollar and by 95% within the framework of the Iraqi electronic platform and for the most diverse monetary exchange and to prevent the monopoly of the currency of one country on the platform, a basket of currencies, whether the euro, Chinese colors and the UAE dirham, must be used in the calendar of the Iraqi dinar in a way that crowds its calendar in dollar".
He stressed that "allowing users of this basket of currencies to use the electronic platform will contribute to creating monetary balance and addressing any deficit in other currencies."
Tishwash: Saudi Arabia strongly supports Iraq's accession to the World Trade Organization
On Wednesday, the Kingdom of Saudi Arabia expressed its support for Iraq’s accession to the World Trade Organization, especially after the removal of the political obstacles that prevented it.
The Iraqi Ministry of Foreign Affairs stated in a statement today that the Undersecretary for Political Planning Affairs, Ambassador Hisham Al-Alawi, along with Ambassador Saqr Abdullah Al-Muqbel, received the head of the team charged with negotiating Iraq’s accession to the World Trade Organization, and his accompanying delegation, at the Ministry of Foreign Affairs building in Baghdad, in the presence of Hussein Younis, Head of the Economic Department at the Ministry of Foreign Affairs.
The statement quoted the agent as saying during the meeting that: The Iraqi government is interested in openness to international organizations, and has a desire to activate Iraq’s presence in international forums, explaining that the Ministry of Foreign Affairs seeks to enhance regional and international cooperation alongside the relevant ministries in the government.
He pointed out that Iraq has natural and human resources and a specialized workforce in many fields that deserve to be provided with job opportunities, expressing his hope that Iraq’s accession to such organizations will contribute to providing such opportunities by increasing investments in the private sector in light of the current openness and the government’s plans. To develop the economy and develop its various sectors.
For his part, the head of the Saudi delegation confirmed that the Kingdom believes that Iraq is a country that has chosen peace and stability and seeks to achieve economic development, pointing to the importance of Iraq to the Kingdom of Saudi Arabia from an economic standpoint.
The Saudi delegation noted that the Kingdom believes that the political obstacles that prevent Iraq from joining the World Trade Organization have been removed, stressing that the Kingdom’s government supports Iraq’s desire to enter global economic institutions. link
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Tishwash: Iraq goes to Davos with five axes, and the challenge of restoring confidence imposes itself during the discussions - urgent
Prime Minister Muhammad Shiaa Al-Sudani is participating in the fifty-fourth session of the World Economic Forum in Davos, which is being held for the period from 15 to 19 January, and he carries with him a number of files, the most important of which are the economic and banking reforms that the government has pursued and the resolution of the presence file. Foreigners inside Iraqi territory, especially after the voices calling for their exit rose as a result of the state of tension that accompanied the targeting of the headquarters of the Popular Mobilization Forces and a number of factions, and the targeting of the international coalition bases in Baghdad and Erbil.
An Iraqi vision
Iraqi government spokesman Bassem Al-Awadi explained five priorities for Iraq's participation in the Davos Forum.
Al-Awadi said in press statements that the 54th annual meeting of the Davos Economic Forum is being held against the backdrop of the Gaza and Ukraine wars, the artificial intelligence revolution, the cost of living crisis and the issue of climate change, in an event that lasts five days, pointing out that “it was agreed that the topic of the meeting should be This year for global political and business leaders, celebrities and prominent social activists is about rebuilding trust.
Iraq reforms
Al-Sudani, during his participation in the Global Forum, on Wednesday (January 17, 2024), met with the President of the World Bank Group, Ajay Banga, where he reviewed Iraq’s steps towards financial and banking reform.
According to a statement by Al-Sudani’s office, the meeting discussed cooperation relations between Iraq and the World Bank, in various economic fields, which contribute to supporting the government’s efforts and strategic plans, towards more investment and development opportunities in Iraq, in addition to reviewing the measures and steps taken by the government and the Central Bank of Iraq, on At the level of financial and banking reform, projects financed by the International Finance Corporation ( IFC ) were also discussed, particularly the rehabilitation and development project of Baghdad International Airport.
Foreign presence
In light of Iraq's new position on the presence of international coalition forces in Iraq, and the increasing pace of escalation through the bombing of international coalition headquarters and the American response to faction headquarters in several areas, the Prime Minister's statements came to indicate the importance of agreeing on a time frame (for withdrawal) and for it to be quick so that We will not prolong the presence and the attacks will continue. What he indicated is that the only way to avoid a regional escalation is to stop the war in Gaza. According to this principle, the issue of the presence of these forces was present in the Sudanese meetings as part of his participation in the Davos Forum, where he met the Sudanese on Tuesday (16 January 2024), with US National Security Advisor Jake Sullivan, where the meeting witnessed confirmation of the start of the work of the bilateral committee to review the presence of the international coalition in Iraq, which was agreed upon during the visit of the Minister of Defense to the United States of America in August of last year, and to discuss In formulating a timetable to end the coalition mission and move to comprehensive bilateral relations with the coalition countries.”
In the same context, on the sidelines of his participation in the conference, on Tuesday (January 16, 2024), Al-Sudani reviewed the government’s economic and development plans in a working meeting in which heads and representatives of 57 international companies specialized in the fields of energy, oil and gas, and various economic fields participated.
The Prime Minister presented "the government's plans in the field of development and economic reform, which have come a long way, and the great investment opportunities, industrial city projects, the large Al-Faw port, the vital development road project, and integrated oil field projects."
The climate issue and its challenges will not be absent from the Iraqi discussions during the meetings that the Prime Minister will hold, especially after the Prime Minister directed, on Sunday (December 24, 2023), to appoint an official spokesman to spread environmental and health culture. link
Mot: what is it about a dog
Mot: .... Yeppers 2x a Year
Iraq Economic News and Points to Ponder Wednesday AM 1-17-24
Iraq Economic News and Points to Ponder Wednesday AM 1-17-24
Tlm724 Administrator Bondlady’s Corner
A Government Bank Issues A New Notice Regarding The Acquisition Of The Dollar
Sweeteners 01-16-2024 | 2,734 views Today, Tuesday, Al-Rasheed Bank issued a notice to travelers wishing to purchase the dollar for travel purposes.
The bank said in a statement received by Al-Sumaria News, that it “announces the opening of the platform for travelers wishing to buy the dollar today, Tuesday, January 16, 2024, at eight o’clock in the evening.”
He stated, "The new mechanism requires advance reservation for the traveler by entering the link on the bank's official page to obtain a reservation that enables him to visit the branch to deliver Iraqi cash and receive the dollar from the bank branch inside Baghdad International Airport," noting that "this measure will make it easier for the citizen to purchase dollar smoothly.
Iraq Economic News and Points to Ponder Wednesday AM 1-17-24
Tlm724 Administrator Bondlady’s Corner
A Government Bank Issues A New Notice Regarding The Acquisition Of The Dollar
Sweeteners 01-16-2024 | 2,734 views Today, Tuesday, Al-Rasheed Bank issued a notice to travelers wishing to purchase the dollar for travel purposes.
The bank said in a statement received by Al-Sumaria News, that it “announces the opening of the platform for travelers wishing to buy the dollar today, Tuesday, January 16, 2024, at eight o’clock in the evening.”
He stated, "The new mechanism requires advance reservation for the traveler by entering the link on the bank's official page to obtain a reservation that enables him to visit the branch to deliver Iraqi cash and receive the dollar from the bank branch inside Baghdad International Airport," noting that "this measure will make it easier for the citizen to purchase dollar smoothly.
https://www.alsumaria.tv/news/localnews/479212/مصرف-حكومي-يصدر-تنويهاً-جديداً-بشأن-اقتناء-الدولار
Central Bank: We Addressed All The Problems Facing The Electronic Payment System
Economical 01/17/2024 Baghdad: Hussein Thaghab The Central Bank revealed that it is addressing the problems facing the electronic payment system, in coordination with financial institutions, indicating at the same time that the system is moving towards stability.
The Director General of the Information Technology and Payments Department at the bank, Adnan Asaad, told Al-Sabah:
“The year 2023 witnessed the most important breakthrough in the field of electronic payment, and the
Iraqi government seriously supports the efforts being made in detailing the development of electronic payment,” noting that “follow-up is continuing from Before parliamentary and governmental bodies to advance the reality of electronic payment.
Asaad expressed his great optimism in the year 2024, as it will be the year of achieving great achievements in the field of electronic payment, stressing that the crisis that has befallen the country due to the poor use of cards and electronic payment tools has left a negative impact, but
thanks to the measures taken in cooperation with international financial institutions, many issues have been addressed. Of the problems and that the electronic payment system has tended to stabilize.”
For his part, Member of Parliament Hussein Arab stressed the necessity of activating the role of the private sector and making it a basis for the process of economic advancement,
which requires the presence of advanced financial services that rise to global standards, pointing out that the world has come a long way in digital transformation and we must keep pace with the developments that the world is witnessing in this field. the important.
As for the Executive Director of the Association of Private Banks in Iraq, Ali Tariq, he stressed the continuation of efforts to enhance the culture of electronic payment, which represents a governmental and legislative direction for the next stage.
He pointed out that the Association of Banks and Large Financial Institutions is working to spread the culture of electronic payment because it realizes the importance of digital transformation and providing quality services to all segments of society, especially since Iraq is a market that requires great efforts due to the large volume of transactions.
As for the Investment Director at the International Smart Card Company, Ahmed Kazem, he explained the importance of digital transformation and thatit should be coupled with the launch of advanced electronic payment products that maintain money paths with high transparency.
He stressed that government support for the digital transformation process facilitates many operations and makes services rise to global standards in providing advanced products that suit the growing Iraqi labor market.
The founder of the (Electronic Payment Culture in Iraq) platform, Nabil Al-Najjar, stressed that Iraq cannot move away from the global financial system,
especially since it is an important axis in the global economic arena, which requires us to work to keep pace with the global developments that the world is witnessing in the financial sector, which represents the axis. The most important in the process of economic development.
He stressed that the country is moving in the right direction in the field of digital transformation, and the most important thing in this axis is the citizen’s interaction with electronic services, the spread of which is expanding in an acceptable manner. https://alsabaah.iq/90589-.html
Al-Sudani: It Is Important That World Bank Reports Realistically Reflect The Policies Of The New Government
Time: 01/17/2024 08:59:10 Read: 390 times {Politics: Al-Furat News} Prime Minister Muhammad Shiaa Al-Sudani met, on the sidelines of his participation in the Davos Economic Forum, with the President of the World Bank Group {Ajay Banga}.
The meeting discussed, according to a statement from the Prime Minister’s Office, a copy of which {Al-Furat News} received, “cooperation relations between Iraq and the World Bank, in various economic fields, which contribute to supporting the government’s efforts and strategic plans, towards more investment and development opportunities in Iraq.”
He added, "The meeting also witnessed a review of the measures and steps taken by the government and the Central Bank of Iraq, in terms of financial and banking reform.
The projects financed by the International Finance Corporation (IFC) were also discussed, most notably the rehabilitation and development project of Baghdad International Airport." The Prime Minister stressed
"the importance of World Bank reports reflecting, realistically, the new government's policies that were implemented in the economic and banking sectors and supporting the private sector, which aim to diversify the economy, increase its growth, and achieve financial stability, in light of the challenges facing the region and the world."
For his part, Banga praised the government's measures in the field of modernizing and developing the banking sector, stressing his support for those measures, especially with regard to the implementation of the electronic payment system.
Prime Minister: The Security And Stability Of The Region Depend Greatly On The Stability Of Iraq
Political Yesterday, 18:46 Baghdad - INA Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Tuesday, that the security and stability of the region depend greatly on the stability of Iraq.
The Prime Minister’s Media Office said in a statement received by the Iraqi News Agency (INA):
“Prime Minister Muhammad Shia al-Sudani attended a business meeting in which the heads and representatives of 57 international companies specialized in the fields of energy, oil and gas, and various economic fields participated, on the sidelines of his participation in Davos Economic Forum held in Switzerland.
The statement added, "The Sudanese reviewed the government's plans in the field of economic development and reform, which have come a long way, and the great investment opportunities, industrial city projects, the large Al-Faw port, the vital development road project, and integrated oil field projects."
According to the statement, the Prime Minister referred to “solar and renewable energy projects that were concluded with Chinese and Emirati companies, stressing the
government’s broad direction towards investing in gas and expanding investment opportunities in this promising sector, as well as the residential projects that were launched, and other projects planned in all countries.” Governorates of Iraq. Al-Sudani stressed, according to the statement,
"the importance of the banking reforms that were implemented, and the Central Bank of Iraq worked on, in order to communicate with international banks to achieve compliance standards for the global financial and banking system."
The statement continued that in terms of strengthening stability and security in Iraq, the Prime Minister stated that "the security and stability of the region depend greatly on the stability of Iraq, and that
any attempt to destabilize the internal situation in Iraq or threaten its security will lead to harm to the regional and international security of the Middle East."
The statement concluded, "The meeting was attended by the Ministers of Foreign Affairs and Oil, the Governor of the Central Bank of Iraq, and a number of advisors to the Prime Minister." https://www.ina.iq/201303--57-.html
The Prime Minister Confirms His Determination To Continue Working To Develop The Iraqi Investment Environment
Political Yesterday, 19:11 Baghdad – IA Today, Tuesday, Prime Minister Muhammad Shiaa Al-Sudani affirmed his determination to continue working to develop the Iraqi investment environment.
The Prime Minister's Media Office said in a statement received by the Iraqi News Agency (INA):
"Prime Minister Muhammad Shia al-Sudani received, on the sidelines of his participation in the Davos Economic Forum, the head of the HKN Energy oil company, Ross Perot Jr."
The statement added, "The meeting witnessed discussion of all oil projects and the opportunities available for partnership and development in this field, as the Prime Minister reviewed the government's plans to develop the oil sector, expand gas investment, and upcoming licensing rounds." Al-Sudani pointed out - according to the statement -
“Iraq’s openness to all forms of cooperation with international companies that possess modern technology, stressing the determination to continue working to develop the Iraqi investment environment.” https://www.ina.iq/201307--hkn-.html
To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/
Provoking Points To Ponder on Adversity:
When I was very young, I tried selling used cars. It didn't last long. I guess that was my good luck too, that I didn't show more promise at it, or I might have been an automobile dealer. - King Vidor
Supporting myself at an early age was the best training for life I could have possibly received. - Lea Thompson
In my youth, poverty enriched me, but now I can afford wealth. - Marc Chagall
I'm very grateful that I was too poor to get to art school until I was 21. ... I was old enough when I got there to know how to get something out of it. - Henry Moore
The most valuable gift I ever received was ... the gift of insecurity ... my father left us. My mother's love might not have prepared me for life the way my father's departure did. He forced us out on the road, where we had to earn our bread. - Lillian Gish
http://famousquotesandauthors.com/topics/adversity_quotes.html
Famous Quotes and Authors, Famous Quotations for all Occasions-
MilitiaMan: Iraq's Accession - Value Trade - Sustainable Devlopment - Davos - Iraq Dinar - Restoring Value Trade
Iraq's Accession - Value Trade - Sustainable Devlopment - Davos - Iraq Dinar - Restoring Value Trade
MilitiaMan and Crew: 1-16-2024
The Crew: Samson, PompeyPeter, Petra, Angel1, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Iraq's Accession - Value Trade - Sustainable Devlopment - Davos - Iraq Dinar - Restoring Value Trade
MilitiaMan and Crew: 1-16-2024
The Crew: Samson, PompeyPeter, Petra, Angel1, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Goldilocks' Comments and Global Economic News Tuesday Evening 1-16-24
Goldilocks' Comments and Global Economic News Tuesday Evening 1-16-24
Good Evening Dinar Recaps,
Iraqi Banking Announcement: A new decision from the Central Bank (document)
01-14-2024 | 15:58 Baghdad According to a document issued on January 9, 2024, the Central Bank directed licensed banks to allow borrowers to repay debts in Iraqi dinars.
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"Cosmos-based Layer 1 blockchain Injective INJ +1.37% has released a main net upgrade named Volan. Central to the upgrade is the integration of a software module focusing on real-world assets (RWA)."
Here we go. The production and movement of real-world assets are currently being interfaced or connected to the QFS through Volan.
Individuals, institutional investors, and users will be able to use these products. Tokenized fiat currency pairs (foreign exchange opportunities), treasury bills, and exclusive credit products are just some of the items that will be included in this network.
Digital Transmission of voice, video, data, and other network services over digitalized circuits are some of the ways communication takes place over the QFS to complete and finalize transactions between two parties.
Goldilocks' Comments and Global Economic News Tuesday Evening 1-16-24
Good Evening Dinar Recaps,
Iraqi Banking Announcement: A new decision from the Central Bank (document)
01-14-2024 | 15:58 Baghdad According to a document issued on January 9, 2024, the Central Bank directed licensed banks to allow borrowers to repay debts in Iraqi dinars.
~~~~~~~~~~
"Cosmos-based Layer 1 blockchain Injective INJ +1.37% has released a main net upgrade named Volan. Central to the upgrade is the integration of a software module focusing on real-world assets (RWA)."
Here we go. The production and movement of real-world assets are currently being interfaced or connected to the QFS through Volan.
Individuals, institutional investors, and users will be able to use these products. Tokenized fiat currency pairs (foreign exchange opportunities), treasury bills, and exclusive credit products are just some of the items that will be included in this network.
Digital Transmission of voice, video, data, and other network services over digitalized circuits are some of the ways communication takes place over the QFS to complete and finalize transactions between two parties.
Volan is and has been in the process of expanding its networks to other networks around the world. There are many ways a network can populate and connect to other real-world assets on other networks.
The world is changing in ways none of us could have even imagined and creating a new Financial landscape that has never been possible until now.
Gold makes every bit of this possible. It will give real-world assets a real value allowing the QFS to make accurate mathematical calculations that will allow transactions to go through efficiently and rapidly over secure networks. This is why gold in hard assets is being stored around the world in central banks to achieve this worldwide transition. (https://www.theblock.co/price/248408/injective-inj-usd)
© Goldilocks
The Block Link
NY Sun Link
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"Federal bank regulatory agencies announced today that they will extend until January 16, 2024, the comment period on their large bank capital proposal (https://www.federalregister.gov/documents/2023/09/18/2023-19200/regulatory-capital-rule-large-banking-organizations-and-banking-organizations-with-significant) to increase the strength and resilience of the banking system."
Do you remember this article back in October the 20th of 2023? Well, we have reached this benchmark. Today, we will begin the process of utilizing and adjusting Capital requirements in gold to be infused into the new digital economy as needed until we reach the March 11th, 2024 deadline whereby old money will no longer be supplied for the new economy. This was stated last week in a recent article.
In other words, we are in transition from the old Financial system to the new one whereby the injection of real values will be injected into our new economy until we are fully transitioned. OCC Link
© Goldilocks
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"Big US Banks to Call on Fed to Rewrite Contentious Bank Capital Rule"
This struggle has been going on for some time, but it is rare that the Fed rewrites any changes that they make.
This is the time where the implementation of Basel 3 begins. Rarely, does anything in this world go into effect without opposition, but they have to start somewhere. US News Link
© Goldilocks
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Everything you need to know to prepare for the Jan 30th Protocol 20 vote, bringing smart contracts to Stellar Mainnet 👇
1/ We're officially two weeks out from Jan 30, 2024.
That means we're two weeks out from the Protocol 20 vote, which brings Soroban to Stellar Mainnet.
2/ Protocol 20 will mark the most transformative upgrade to the Stellar network to date.
And to preserve the network's performance, security, and stability during this time, the ecosystem has agreed to a phased rollout for Soroban transactions.
3/ Following a positive validator vote, Phase 0 begins, which is designed to allow network operators to observe the network after the upgrade, and not intended for end users to interact with applications.
During Phase 0, developers are encouraged to continue utilizing Testnet.
4/ In Phase 1, builders gain the ability to deploy contracts on Mainnet for testing. Like Phase 0, this environment is not meant for application users.
As Phase 1 progresses, smart contract usability will expand based on network health and user feedback.
5/ Phase 2 marks the start of a user-ready Mainnet where anyone can deploy and interact with smart contracts.
In this phase, the network is ready for more extensive smart contract utilization, so it's the practical beginning of smart contracts on the Stellar network.
6/ We plan to communicate early and often during each phase as changes are made and the network builds towards full capacity.
In the meantime, please ensure all of your relevant software is upgraded in preparation for Protocol 20 👇
Twitter Link
Stellar Link
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In 2 weeks, we will be ready for the upgrade vote that is expected to allow us to move forward with the integration of Quantum Technologies around the world.
At this time, you can expect fluctuations in the market as many assets being tokenized and interfaced with Global Markets around the world will bring our markets and banking system into alignment with one another under the new digital asset-based trading system and Basel 3 compliance protocols.
© Goldilocks
https://stellar.org/blog/developers/protocol-20-upgrade-guide
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BlackRock (BLK) CEO Larry Fink Sees Value in Ether ETF Day After Bitcoin ETF Goes Live | CoinDesk
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USDC Issuer Circle Internet Files to Sell Shares to the Public | Coin Desk
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Visa debuts Web3 loyalty program
“Our new innovative digital loyalty solution empowers brands to reward customers not only for their transactions but for their active engagement, paving the way for secure, seamless and immersive digital and real-world experiences at their fingertips.”5 days ago. | Payments Dive
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Ripple and Stellar Enter Trillion-Dollar Market to Compete Swift | CryptoNewsFlash Link
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BIS concludes Project Aurora, a proof of concept based on the use of data, technology, and collaboration to combat money laundering across institutions and borders
https://www.bis.org/about/bisih/topics/fmis/aurora.htm
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The Treasury Department and the IRS have recently released Proposed Regulations under Section 45X of the Internal Revenue Code of 1986, as amended, pertaining to the Advanced Manufacturing Production Credit. Section 45X offers tax credits for eligible clean energy components produced by a taxpayer in the U.S. or its territories and sold to an unrelated person during a taxable year.
Overall, the Proposed Regulations aim to provide clarity on eligibility criteria, production activities, related-party transactions, and specific definitions to facilitate the application of the Advanced Manufacturing Production Credit. Comments on these regulations are due by February 13, 2024, with a public hearing scheduled for February 22, 2024.
https://www.jdsupra.com/legalnews/proposed-regulations-for-advanced-3163485/
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Do you see all of these moving parts in these articles today? Each of them are being integrated into the new Quantum Financial System.
We will continue to monitor them as we assess where we are in the process of finalizing this new system that includes more than just money.
This whole financial system is coming alive this year and integration will be going on for many years, but the payment system and monetary changes will be leading the charge soon in our new digital asset-based training system.
© Goldilocks
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CIRCLE CEO: STABLECOINS- 2024
https://twitter.com/Megan7560964546/status/1747274626387108082?t=zo6XeRUq7sMan8uBFmGfyw&s=09
👆 Goldilocks pointed to this article
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JPMorgan is forecasting that the newly approved spot bitcoin ETFs could siphon off up to $36 billion from other cryptocurrency products like the Grayscale Bitcoin Trust. While the bank is skeptical about new capital entering the crypto market, it predicts this significant migration from existing crypto products to the new spot ETFs will be primarily driven by lower fees. Coindesk
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Dying dollar? How the role of the US currency is becoming more limited
https://www.firstpost.com/explainers/dying-dollar-how-the-role-of-the-us-currency-is-becoming-more-limited-13615592.html
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China Awarded Major Contract By Iraq For Supergiant Oil And Gas Field | OilPrice
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What Is Digital Asset Trading? Digital assets are anything created and stored virtually, which are perceived to have value. Powered by blockchain technology, digital assets include cryptocurrencies, non-fungible tokens (NFTs), asset-backed tokens and tokenized real estate. Nov 17, 2022 Caleb and Brown
👆 Remember, "Digital Asset Based Trading System" This is the real name you have heard me refer to the new system as for the last two and a half years. Sometimes, I refer to it as the QFS, but the real name is a digital asset-based trading system.
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NESARA/GESARA - Legislation To Free Humanity Or Mega HOAX?
https://www.youtube.com/live/Fdu1NgsszMI?feature=shared
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Iraqi News Highlights and Points to Ponder Tuesday Evening 1-16-24
Iraqi News Highlights and Points to Ponder Tuesday Evening 1-16-24
Parliamentary Finance: We Await The Arrival Of The Budget Law For 2024 Soon To Make The Necessary Amendments
Economy - 2024-01-15 Today, Monday, the Parliamentary Finance Committee resumed its regular meetings with the beginning of the new legislative term, while confirming the imminent arrival of the budget law for the year 2024. The
media office of the Committee Chairman said in a statement: “The Parliamentary Finance Committee, headed by Atwan Al-Atwani, resumed, today, its regular meetings with the beginning of the term.”
“The meeting discussed ways to conduct a quick review of the committee’s work during the past legislative term and determine the priorities for the next phase in accordance with the ministerial platform, whether in terms of completing the requirements for legislating important laws or monitoring spending and overcoming obstacles.” And the obstacles that delay the implementation of service and development plans and programmes.”
Iraqi News Highlights and Points to Ponder Tuesday Evening 1-16-24
Parliamentary Finance: We Await The Arrival Of The Budget Law For 2024 Soon To Make The Necessary Amendments
Economy - 2024-01-15 Today, Monday, the Parliamentary Finance Committee resumed its regular meetings with the beginning of the new legislative term, while confirming the imminent arrival of the budget law for the year 2024. The
media office of the Committee Chairman said in a statement: “The Parliamentary Finance Committee, headed by Atwan Al-Atwani, resumed, today, its regular meetings with the beginning of the term.”
“The meeting discussed ways to conduct a quick review of the committee’s work during the past legislative term and determine the priorities for the next phase in accordance with the ministerial platform, whether in terms of completing the requirements for legislating important laws or monitoring spending and overcoming obstacles.” And the obstacles that delay the implementation of service and development plans and programmes.”
Al-Atwani stressed - according to the statement - that “the committee is awaiting the arrival of the budget law for 2024 soon to make the necessary amendments to its schedules,” stressing “the necessity of determining our priorities in accordance with the government program.”
He added, "We will have field visits in the coming days to the ministries and governorates to follow up on the implementation of plans and programmes," addressing the members of the committee by saying: "Your presence in the field is sufficient to solve all the legal and technical problems that delay the referral of strategic projects and impede the completion of delayed ones."
He stated, "We have allocated additional funds to the governorates in order to implement strategic projects, and this requires us to follow up on financing and implementation," pointing out "the necessity of working to overcome obstacles to completing school building projects that have been lagging for years." https://kirkuktv.net/AR/Details/19215
Parliamentary Finance Resumes Its Work And Confirms The Imminent Arrival Of The 2024 Budget
Economy News – Baghdad On Monday, the Parliamentary Finance Committee resumed its regular meetings with the beginning of the new legislative term, while confirming the imminent arrival of the budget law for the year 2024.
The media office of the committee chairman said in a statement, seen by Al-Iqtisad News, that “the Parliamentary Finance Committee headed by Atwan Al-Atwani resumed its regular meetings today with the beginning of the new legislative term to discuss a number of topics related to its legislative and oversight work,” noting that “the meeting Discuss ways to conduct a quick review of the committee’s work during the past legislative term and determine priorities for the next phase in accordance with the ministerial curriculum, whether in terms of completing the requirements for legislating important laws or monitoring spending and removing obstacles and impediments that delay the implementation of service and development plans and programs.
Al-Atwani stressed - according to the statement - that “the committee is awaiting the arrival of the budget law for 2024 soon to make the necessary amendments to its schedules,” stressing “the necessity of determining our priorities in accordance with the government program.”
He added, "We will have field visits in the coming days to the ministries and governorates to follow up on the implementation of plans and programmes," addressing the members of the committee by saying: "Your presence in the field is sufficient to solve all the legal and technical problems that delay the referral of strategic projects and impede the completion of delayed ones."
He stated, "We have allocated additional funds to the governorates in order to implement strategic projects, and this requires us to follow up on financing and implementation," pointing out "the necessity of working to overcome obstacles to completing school building projects that have been lagging for years." 116 views 01/15/2024 - https://economy-news.net/content.php?id=39470
Parliamentary Oil: Kurdish Demands Are Behind The Delay In Resolving The Oil And Gas Law
Economy Today 09:22 Information / Baghdad... A member of the Parliamentary Oil, Gas and Natural Resources Committee, Kazem Al-Touki, confirmed that raising the ceiling on the demands of the Kurds was behind the delay in resolving the oil and gas law, despite the continuation of negotiations between Baghdad and Erbil, but the law has not been decided.
Follow the “Al-Ma’louma” channel on Telegram.. News that does not require documentation..
Al-Touki told Al-Maalouma, “The oil and gas law has not been neglected, and there are movements by the executive and legislative authorities to resolve this law and agree on it in order to pass it in Parliament after the end of the legislative term recess.”
He added, "The Kurds are seeking to impose their will and tried to raise the ceiling of their demands in the oil and gas law, which created a problem that prompted the postponement of proceeding with the law until the controversial issues between Baghdad and Erbil are resolved. Therefore, the law will need a lot of pause before it is voted on in Parliament."
He stated that "the problem of the oil and gas law between Baghdad and Erbil is summarized in the disputed areas and Article 140, where the law is still unresolved in light of ongoing negotiations and dialogues between the two sides in order to resolve the outstanding issues to ensure the passage of the law." LINK
The Rise In The Price Of The Dollar Against The Dinar In Baghdad And Erbil
2024-01-16 Shafaq News/ Dollar prices rose, today, Tuesday, in Baghdad markets and in Erbil, the capital of the Kurdistan Region.
Shafaq News Agency correspondent said that dollar prices rose with the opening of the Al-Kifah and Al-Harithiya stock exchanges to record 153,000 dinars against 100 dollars, while yesterday, Monday, prices were 152,500 dinars against 100 dollars.
Our correspondent pointed out that the selling prices in the exchange shops in the local markets in Baghdad rose, as the selling price reached 154,000 Iraqi dinars, while the purchasing price reached 152,000 dinars for every 100 dollars.
As for Erbil, there was also an increase in money exchange shops, the selling price was 153,000 dinars against the dollar, and the purchasing price was 152,900 dinars against 100 dollars. LINK
A Parliamentary Committee Diagnoses The Reasons For Delaying The Approval Of The Oil And Gas Law
Economy News – Baghdad A member of the Parliamentary Oil and Gas Committee, Intisar Al-Moussawi, revealed the latest developments in the oil and gas law, while confirming that there are partisan political reasons delaying the arrival of the draft law to the dome of Parliament.
Al-Mousawi said in an interview followed by Al-Eqtisad News, “The draft oil and gas law is still in the corridors of the government, and is under study and analysis, and it has not been sent to the House of Representatives or any specific parliamentary committee such as Finance, Oil and Gas.”
She adds: "After concluding the session to elect the Speaker of the House of Representatives, we hope to begin in a real and correct manner to consider important laws such as the oil and gas law, taxes, and the Federal Court law."
A member of the parliamentary oil committee explains, “There are many reasons that may obstruct or delay the arrival of this law in Parliament, including political and partisan ones. That is, every governorate that owns oil finds it subject to political and partisan whims.”
It turns out, “We are trying as much as possible to bring together all whims under the banner of public interest to move forward with passing this important law, and others, in the House of Representatives, especially in the next stage.”
Al-Moussawi stresses "the necessity of fairness to Basra Governorate in the oil and gas law, which wants all its people to enjoy its bounties."
Earlier, the Prime Minister of the Federal Government, Muhammad Shiaa Al-Sudani, agreed with the President of the Kurdistan Region, Masrour Barzani, to resolve the differences and outstanding issues, including the file and the oil and gas law, but the law is still a matter of controversy after talk about preparing a new version of it following... Disagreement over its passage in light of the differences in political opinions. https://economy-news.net/content.php?id=39476
Political And Regional Influences Are Hindering The Oil And Gas Law And Its Draft Is Locked In The Corridors Of The Government
Posted On01-16-2024 By Sotaliraq Baghdad/ Haider Hisham The file of the oil and gas law returns to darkness again in light of the House of Representatives’ preoccupation with other issues, including choosing the Speaker of Parliament, which makes the draft law, which some political forces describe as “more important” than the budget, locked in the corridors of the government, with many questions being raised about its fate during the semester. New legislative.
Earlier, the Prime Minister of the Federal Government, Muhammad Shiaa Al-Sudani, agreed with the President of the Kurdistan Region, Masrour Barzani, to resolve the differences and outstanding issues, including the file and the oil and gas law, but the law is still a matter of controversy after talk about preparing a new version of it following... Disagreement over its passage in light of the differences in political opinions.
Member of the Parliamentary Oil and Gas Committee, Intisar Al-Moussawi, revealed the latest developments in the oil and gas law, while confirming the existence of partisan political reasons delaying the arrival of the draft law to the dome of Parliament.
Al-Mousawi says in an interview with Al-Mada, “The draft oil and gas law is still in the corridors of the government, and is under study and analysis, and it has not been sent to the House of Representatives or any specific parliamentary committee such as Finance, Oil and Gas.”
She adds: “After concluding the session to elect the Speaker of the House of Representatives, we hope to begin in a real and correct way to consider important laws such as the oil and gas law, taxes, and the Federal Court law.”
A member of the Parliamentary Oil Committee explains, “There are many reasons that may obstruct or delay the arrival of this law in Parliament, including political and partisan ones. That is, every governorate that owns oil finds it subject to political and partisan whims.”
It turns out, “We are trying as much as possible to bring together all whims under the banner of public interest to move forward with passing this important law, and others, in the House of Representatives, especially in the next stage.”
Al-Moussawi stresses “the necessity of fairness to Basra Governorate in the oil and gas law, which wants all its people to enjoy its bounties.”
The Iraqi Constitution, Article 111, states: “Oil and gas are the property of all the Iraqi people in all regions and governorates.”
As defined in Article (112/First): - The federal government shall manage the oil and gas extracted from the current fields with the governments of the producing regions and governorates, provided that it distributes its imports in a fair manner commensurate with the population distribution throughout the country, while specifying a share for a specific period for the affected regions.
Second: The federal government and the governments of the producing regions and governorates together formulate the strategic policies necessary to develop oil and gas wealth.
In turn, the leader of the Kurdistan Democratic Party, Wafa Muhammad, highlighted the parties that prevent the passage of the oil and gas law, in what he considered more important than the budget.
Muhammad mentioned, in an interview with (Al-Mada), that “the oil and gas law is one of the important laws in Iraq, and even more important than the budget law.” Because 90% of Iraq’s imports are from oil,” he pointed out, “There is extreme caution among political parties against trying to legislate this law.”
He points out, “These political forces do not allow it to be legislated at the present time,” noting that “the draft law was supposed to be written the previous year, and it is one of the demands of the Kurdistan Democratic Party when forming the current government.”
Muhammad explains that his party “set a period of time in order to write a draft of the oil and gas law, but this did not happen,” adding: “The oil-producing governorates also entered to participate in writing the draft, but there are political parties that benefit from the failure to legislate the law, and they own Oil smuggling gangs and mafias always try to obstruct the enactment of the law.”
Regarding the regional influences, the leader of Barzani’s party reveals, “There are regional pressures to which Iraq is exposed due to the oil and gas law, such as Iranian pressure. Because it sells its oil through Iraq, while the law prohibits that.”
He refers to “the Turkish intervention; Because Turkey is taking more money than it is entitled to in the event of resuming the export of Kurdistan region’s oil via the Ceyhan line,” he added, adding: “There is Gulf and Jordanian interference as well, and they have special reasons that push them to put pressure on Iraq to prevent the passage of such an important law.”
Regarding the question about the clause controlling the fields in the Kurdistan region by the federal government, does it represent another obstacle? Muhammad answers: “It does not represent an obstacle because it will be under joint management, especially the fields that were produced after 2005, as mentioned in the constitution.”
The Iraqi Oil and Gas Law, which has been awaiting legislation in Parliament since 2005, stipulates that responsibility for managing the country's oil fields must be entrusted to a national oil company, and supervised by a federal council specialized in this subject.
Baghdad says that the region does not declare the real oil export amounts and does not hand over those amounts to it, while Kurdistan says that exports from oil fields in the region’s territory must be subject to its management, whether in terms of granting licenses for new exploration, managing existing fields, or controlling production. Exporting to destinations of its choice, or contracting for purchase and development.
The ongoing reality since 2005 indicates that the crisis will remain an open wound between the central government and the regional government. Because each party looks at oil and gas revenues from its own perspective. LINK
Provoking Points To Ponder on Adversity:
If you have been sunned through and through like an apricot on a wall from your earliest days, you are oversensitive to any withdrawal of heat. - Margot Asquith
I was lucky I wasn't a better boxer, or that's what I'd be now - a punchy ex-pug. - Bob Hope
At every step the child should be allowed to meet the real experience of life; the thorns should never be plucked from his roses. - Ellen Key
Hot water is my native element. I was in it as a baby, and I have never seemed to get out of it ever since. - Edith Sitwell
http://famousquotesandauthors.com/topics/adversity_quotes.html
Famous Quotes and Authors, Famous Quotations for all Occasions-
Iraq Economic News and Points to Ponder Tuesday Afternoon 1-16-24
Iraq Economic News and Points to Ponder Tuesday Afternoon 1-16-24
Tlm724 Administrator Bondlady’s Corner
Riyadh Renews Its Support For Baghdad's Accession To The World Trade Organization And Reveals Free Facilities In Arar
Economy | 05:09 - 01/16/2024 Mawazine News – Baghdad The Saudi commercial attaché in Baghdad, Faisal bin Abdulaziz Al-Hammad, renewed on Tuesday his country’s support for Iraq’s accession to the World Trade Organization, noting the provision of free facilities provided by Saudi Arabia in the trade exchange arena at the Arar port.
Al-Hammad said in a statement received by Mawazine News: “The Kingdom welcomes and supports Iraqi industries in Saudi markets and provides free facilities in the trade exchange arena at the Arar border port,” indicating “its efforts to file Iraq’s accession to the World Trade Organization.”
He added, "Soon the Kingdom will organize an exhibition for Iraqi industries in cooperation with the Iraqi Ministry of Trade."
Iraq Economic News and Points to Ponder Tuesday Afternoon 1-16-24
Tlm724 Administrator Bondlady’s Corner
Riyadh Renews Its Support For Baghdad's Accession To The World Trade Organization And Reveals Free Facilities In Arar
Economy | 05:09 - 01/16/2024 Mawazine News – Baghdad The Saudi commercial attaché in Baghdad, Faisal bin Abdulaziz Al-Hammad, renewed on Tuesday his country’s support for Iraq’s accession to the World Trade Organization, noting the provision of free facilities provided by Saudi Arabia in the trade exchange arena at the Arar port.
Al-Hammad said in a statement received by Mawazine News: “The Kingdom welcomes and supports Iraqi industries in Saudi markets and provides free facilities in the trade exchange arena at the Arar border port,” indicating “its efforts to file Iraq’s accession to the World Trade Organization.”
He added, "Soon the Kingdom will organize an exhibition for Iraqi industries in cooperation with the Iraqi Ministry of Trade."
Al-Hamid called on Iraqi businessmen to “visit Saudi factories and see the quality of products and choose what suits them for the Iraqi markets,” stressing that “the Kingdom welcomes Iraqi businessmen to visit the Kingdom and meet with Saudi companies to discuss purchasing products and re-exporting from the Kingdom to Iraqi markets.”
He continued, “ Saudi products top the confidence and satisfaction of the Iraqi consumer, and this is what distinguishes us,” pointing out that “Saudi products conform to international specifications and standards.”
The Saudi commercial attaché thanked the Iraqi government for their cooperation in resolving the challenges that help raise the value of trade exchange between the two brotherly countries.
https://www.mawazin.net/Details.aspx?jimare=240515
Sudanese Advisor: The Number Of Accounts Linked To Payment Has Increased To 15 Million
Economy | 01/16/2024 Mawazine News - Baghdad, Advisor to the Prime Minister, Mazhar Muhammad Saleh, revealed today, Tuesday, fundamental developments related to electronic payment, while confirming that the number of accounts linked to payment has increased to 15 million.
Saleh said, in an interview followed by Mawazine News, that “fundamental developments have occurred regarding the electronic payment file, including the requirements for the process that requires opening a bank account, as the number of adults who own accounts has increased to about 15 million citizens, representing 60 percent of adults, as a result of the demand.” Increasing.
He pointed out that “the state’s plan includes reaching approximately 25 million adult citizens in the number of bank accounts by the end of the year 2025,” noting that “this issue achieves the principle of financial inclusion (i.e. providing and extending banking services to the poorest social segments and introducing them into the core of the financial process.”) for the country).
He explained, “The fundamental developments included improving the principle of direct electronic government collection, which flows into the unified treasury account and in a continuous process around the clock, which strengthens public financial governance and enhances the state’s resources by investing time in the financial resources flowing to the public treasury without delay.”
He continued, "Banking liquidity will be available in a transparent manner in the banking system, which will reduce the element of liquidity risks and unjustified banking financial hedging due to the lack of information about the flow of credit and debit funds, in addition to the expansion of the electronic payment circle that will provide customers through their banks with lines of credit or overdrafts and on... According to the customer’s credit record, this provides the necessary funds with additional limits for holders of credit cards and other digital payment methods.”
He pointed out that "all the benefits resulting from digital payments are only available through payment with electronic payment cards." https://www.mawazin.net/Details.aspx?jimare=240520
The Dollar Is Declining Against The Dinar In The Local Market
Time: 01/16/2024 Read: 1,157 times {Economic: Al-Furat News} The main stock exchange in Baghdad was closed today, Tuesday, due to the decline in the exchange rate of the dollar against the Iraqi dinar.
Selling prices in banking shops in local markets in Baghdad recorded 153,750 dinars for 100 dollars, while purchasing prices reached 151,750 dinars for 100 dollars.
The selling price this morning was 154,000 Iraqi dinars, while the purchase price was 152,000 dinars for every 100 dollars. LINK
Rising Oil Prices
Tuesday 16, January 2024 09:06 | Economical Number of readings: 403 Baghdad/ NINA /Oil prices rose slightly today, Tuesday, after rising two percent last week.
Brent crude futures rose 12 cents, or about 0.2%, to $78.27 a barrel, and crude closed 14 cents lower yesterday, Monday. US West Texas Intermediate crude also fell 17 cents, or 0.2%, to $72.52 per barrel./End2 https://ninanews.com/Website/News/Details?key=1101257
Government Advisor: Facilitations For Establishing Factories In Iraq
Reconstruction and building Economy News – Baghdad Today, Tuesday, Advisor to the Prime Minister for Industry Affairs and Private Sector Development, Hamoudi Al-Lami, announced facilities for establishing factories that include the provision of land and soft loans, while confirming that Iraq is witnessing an industrial revolution.
Al-Lami told the official agency, followed by Al-Eqtisad News, that “the Prime Minister pays great attention to the industrial sector, specifically the private sector,” pointing out that “the Prime Minister, since assuming the responsibility of heading the government, has directed the provision of many packages to support the private sector in all fields.” .
He added, "Decisions were issued to grant facilities for establishing factories through the Agricultural Lands Authority, allocate the lands necessary to establish factories, and grant soft loans to investors, as well as to industrialists who wish to expand their industrial activity," noting that "Iraq is now witnessing an industrial revolution in every sense of the word."
He explained, “Nearly two months ago, the Prime Minister formed a team to support the industrial sector by order of Diwani,” noting that “this team meets every week in the advisory body and consists of 7 advisors in various sectors who look into the problems, obstacles, and means of support that the private sector needs.”
Al-Lami continued, "The private sector has now begun to feel, for the first time, that there is weekly follow-up from the Prime Minister in the field of supporting the private sector."
Views 53 01/16/2024 - https://economy-news.net/content.php?id=39489
Biden Describes Iran's Attacks On The Kurdistan Region As A Serious Threat The World
06:25 - 01/16/2024 Mawazine News – Baghdad The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, informed US Secretary of State, Anthony Blinken, on Tuesday, of the need for the international community to take action after the Iranian Revolutionary Guard’s attack on Erbil.
A statement from Barzani’s office, received by Mawazine News, stated that he “met with Blinken on the sidelines of the World Economic Forum in Davos, Switzerland.”
He added, "At the beginning of the meeting, the US Secretary of State expressed his strong condemnation of the missile attack that targeted Erbil, stressing that it 'considers a blatant violation of Iraqi sovereignty, and expressed his country's condolences to the families and relatives of the victims of the attack.'"
Blinken reiterated that the United States and President Joe Biden They consider these attacks on the Kurdistan region a serious threat, and they are taking what is necessary to maintain the security and stability of the region, expressing their greetings, respect and appreciation to President Masoud Barzani.
In turn, the Prime Minister of the Kurdistan Regional Government stressed that these attacks are unjustified and illegal, and must be The international community must not remain silent regarding these attacks. https://www.mawazin.net/Details.aspx?jimare=240524
Barzani On The Erbil Attacks: They Must Not Remain Without A Response, And The International Community Must Condemn The Aggression
Political | 01/16/2024 Mawazine News – Baghdad The Prime Minister of the Kurdistan Regional Government, Masrour Barzani, confirmed that "the attacks on Erbil are without reason and must not remain without a response."
This came in a press conference, the Prime Minister of the Kurdistan Regional Government in Davos, where he arrived yesterday to participate in the World Economic Forum.
During the conference, Masrour Barzani expressed his hope that "the international community will help stop the attacks."
In this context, the Prime Minister of the Kurdistan Regional Government called on the Iraqi government to take a serious stance, saying: “We hope that the matter will not end with conviction alone.”
https://www.mawazin.net/Details.aspx?jimare=240511
To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/
Provoking Points To Ponder on Adversity:
Adversity is another way to measure the greatness of individuals. I never had a crisis that didn't make me stronger. - Lou Holtz
It is not in the still calm of life, or the repose of a pacific station, that great characters are formed. ... Great necessities call out great virtues. - Abigail Adams
Of all the advantages which come to any young man ... poverty is the greatest. - Josiah G. Holland
My luck was my father not striking oil... we'd have been rich. I'd never have set out for Hollywood with my camera, and I'd have had a lot less interesting life. - King Vidor
[A difficult childhood gave me] a kind of cocky confidence. ... I could never have so little that I hadn't had less. It took away my fear. - Jacqueline Cochran
http://famousquotesandauthors.com/topics/adversity_quotes.html
Famous Quotes and Authors, Famous Quotations for all Occasions-
"Tidbits From TNT" Tuesday 1-16-2024
TNT:
Tishwash: The House of Representatives discusses the latest requirements for Iraq’s accession to the World Trade Organization
Tuesday, the Parliamentary Economy, Industry and Trade Committee discussed with the Permanent Representative to the World Trade Organization the requirements for Iraq to join the World Trade Organization.
The media office of the Chairman of the Parliamentary Committee, Representative Ahmed Salim Al-Kinani, said in a statement that the committee hosted the Permanent Representative of the Kingdom of Saudi Arabia to the World Trade Organization, His Excellency Ambassador Saqr Al-Muqbel, the Commercial Attaché at the Saudi Embassy, the Director General of Relations in the Iraqi Ministry of Commerce, Mr. Riyad Al-Hashemi, and the Assistant Director General of Foreign Relations in the Ministry.
TNT:
Tishwash: The House of Representatives discusses the latest requirements for Iraq’s accession to the World Trade Organization
Tuesday, the Parliamentary Economy, Industry and Trade Committee discussed with the Permanent Representative to the World Trade Organization the requirements for Iraq to join the World Trade Organization.
The media office of the Chairman of the Parliamentary Committee, Representative Ahmed Salim Al-Kinani, said in a statement that the committee hosted the Permanent Representative of the Kingdom of Saudi Arabia to the World Trade Organization, His Excellency Ambassador Saqr Al-Muqbel, the Commercial Attaché at the Saudi Embassy, the Director General of Relations in the Iraqi Ministry of Commerce, Mr. Riyad Al-Hashemi, and the Assistant Director General of Foreign Relations in the Ministry.
Trade, indicating that the committee discussed with the Saudi delegation the requirements for Iraq’s accession to the World Trade Organization, most notably the approval of the intellectual property law, which is one of the conditions for joining the organization.
The Chairman of the Parliamentary Committee, Representative Ahmed Salim Al-Kanani, confirmed that Iraq has been striving hard since 2006 to join the World Trade Organization in order to raise the level of the economy in the country and make it within international standards, pointing out that Iraq has completed all the requirements for joining the World Trade Organization in 2023, and only legislation remains. Intellectual property law in order for Iraq to take its membership in the global organization and transform trade for exports and imports within internationally approved standards and quality conditions. link
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CandyKisses: Parliamentary Finance reveals that the 2024 budget is about to reach its legislation
Baghdad - Iraq Today: 2024/01/16 09:24
The Parliamentary Finance Committee resumed its regular meetings at the beginning of the new legislative term, while confirming the imminent arrival of the budget law for the year 2024.
The media office of the head of the committee said in a press statement: "The parliamentary finance committee, headed by Atwan Al-Atwani, resumed its regular meetings at the beginning of the new legislative term to discuss a number of topics related to its legislative and oversight work."
He added that "the meeting discussed ways to conduct a quick review of the work of the committee during the past legislative term and determine the priorities of the next stage in accordance with the ministerial curriculum, whether in terms of completing the requirements of legislating important laws or monitoring spending and overcoming obstacles and obstacles that delay the implementation of service and development plans and programs."
Al-Atwani stressed - according to the statement - that "the committee is waiting for the arrival of the budget law for the year 2024 soon to make the necessary amendments to its schedules," stressing "the need to determine our priorities in accordance with the government program."
"We will have field visits in the coming days to ministries and provinces to follow up on the implementation of plans and programs," he said, addressing committee members by saying: "Your presence in the field is enough to solve all legal and technical problems that delay the referral of strategic projects and hinder the completion of those who lag behind them."
"We have allocated additional funds to the provinces in order to implement strategic projects, and this requires us to follow up on funding and implementation," he said, pointing to "the need to work to overcome obstacles to completing school building projects that have been lagging for years."
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Tishwash: Video on Chinese tv about the Iraqi Dinar
Check this out this is a video on Chinese tv the words are in English, but this is the title
Iraq Boosts Iraqi Dinar to Reduce Overreliance on U.S. Dollar https://www.youtube.com/watch?v=s5kMG7H9bJk
Even China is looking for the RV
Mot: ... aaaahhhhhh - It Happened fur HIm Again!!!!
Mot: .. Thats only part 1 of the 12 volume set.
Iraq Economic News and Points to Ponder Tuesday AM 1-16-24
Iraq Economic News and Points to Ponder Tuesday AM 1-16-24
Tlm724 Administrator Bondlady’s Corner
Finance Continues To Make Construction Bonds Available Until January 30
January 15, 2024 Last updated: January 15, 2024 Al-Independent/- The Ministry of Finance announced today, Monday, that construction bonds will continue to be available to citizens until January 30. A statement from the ministry explained,
“The new issuance, worth 2 trillion Iraqi dinars, is negotiable on the Iraqi securities market and will be available in the form of two denominations, the first at a price of 500 thousand dinars, with an annual interest of 6%, for a period of two years, and the second at a price of one million dinars, with an annual interest of 6%.” 8% for 4 years.”
Iraq Economic News and Points to Ponder Tuesday AM 1-16-24
Tlm724 Administrator Bondlady’s Corner
Finance Continues To Make Construction Bonds Available Until January 30
January 15, 2024 Last updated: January 15, 2024 Al-Independent/- The Ministry of Finance announced today, Monday, that construction bonds will continue to be available to citizens until January 30. A statement from the ministry explained,
“The new issuance, worth 2 trillion Iraqi dinars, is negotiable on the Iraqi securities market and will be available in the form of two denominations, the first at a price of 500 thousand dinars, with an annual interest of 6%, for a period of two years, and the second at a price of one million dinars, with an annual interest of 6%.” 8% for 4 years.”
The statement indicated that “the purchase and trading of the bonds offered are exempt from taxes according to what is stated in the General Federal Budget Law No. 13 of 2023,” indicating that
“these bonds are issued with a guarantee from the Ministry of Finance, and the bond can be acquired by submitting an application to one of the official banks approved and registered with the bank.” Central.” According to the statement,
the Ministry called on “investors and citizens to take advantage of the offer and take the initiative to benefit from this investment opportunity.”
comment
The Ministry of Finance’s availability of construction bonds comes as a continuation of the government’s efforts to enhance the development and investment aspects in the country.
Reconstruction bonds are considered a good investment opportunity for citizens, as they provide them with a reasonable financial return, and they also contribute to supporting the national economy.
It should be noted that the first issuance of reconstruction bonds achieved great success, as the entire quantity offered was sold. https://mustaqila.com/المالية-تستمر-بإتاحة-سندات-الإعمار-لغ/
Qi” Company Provides Western Union Service In The Qi Services Application
January 15, 2024Last updated: January 15, 2024 Independent/- The international smart card company “Qi” announced the availability of the Western Union service in the Qi services application.
An official source in the company said that the company's customers can now send money easily and safely through Rafidain Bank cards.
He added that the sending mechanism has become much easier than before and saves time and effort for the customer, and the transfer can be sent from the customer’s website without suffering.
The source indicated that the company is committed to its audience to develop electronic performance in the country, and this is in line with government and central bank directions to move away from cash and cash transactions. https://mustaqila.com/شركة-كي-توفر-خدمة-ويستيرن-يونيون-في-تط/
Al-Nasik Islamic Bank Renews Calls For Developing The Banking System
January 15, 2024 Last updated: January 15, 2024 Al-Independent/- The authorized director of Al-Nasik Islamic Bank, Dr., confirmed. Abdel Hafez Abdel Latif:
Achieving economic renaissance apart from adopting an advanced banking system is something that cannot bring the economy to its desired goals. Abdul Latif said,
“We affirm that the basis for building the economy is based on the possibility of adopting an advanced global monetary system capable of providing support for service and production economic projects.”
He pointed out:
The local and foreign investment effort wishing to enter Iraq is in dire need of advanced banking services that guarantee capital entering the country, in addition to the capabilities of supporting projects financially. He pointed out that there is confusion in the performance of some banks,
while at the same time there are private banks that provide acceptable services, especially since they are required to provide the best services by adopting advanced monetary work methods that they must follow within their work system.
https://mustaqila.com/مصرف-الناسك-الاسلامي-يجدد-دعوات-تطوير/
Instructions And Standards For The Circulation And Exchange Of Banknotes And Counting And Sorting Mechanisms
January 15, 2024 :diamonds: Instructions and standards for circulation and exchange of banknotes, and counting and sorting mechanisms.. For more, click here
https://cbi.iq/static/uploads/up/file-170531915761193.pdf
To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/
Provoking Points To Ponder on Adversity:
Men habitually use only a small part of the powers which they possess and which they might use under appropriate circumstances. - William James
It is the north wind that lashes men into Vikings; it is the soft, luscious south wind which lulls them to lotus dreams. - Ouida
It is grief that develops the powers of the mind. - Marcel Proust
Unless a man has been kicked around a little, you can't really depend upon him to amount to anything. - William Feather
Troubles cured you salty as a country ham, smoky to the taste, thick-skinned and tender inside. - Marge Piercy
A diamond is a chunk of coal that made good under pressure. - Anonymous
If you have to be careful because of oppression and censorship, this pressure produces diamonds. - Tatyana Tolstaya
http://famousquotesandauthors.com/topics/adversity_quotes.html
Famous Quotes and Authors, Famous Quotations for all Occasions-