KTFA Members "News and Views" Thursday 1-18-2024

KTFA:

Frank26:  "ATTENTION IRAQI CITIZENS... MORE OF YOUR MONETARY REFORM EDUCATION!!!"......F26

Clare:  An economic expert calls for using a basket of currencies to evaluate the Iraqi dinar

1/17/2024

 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."  LINK

Frank26:  "THE WHOLE INTERNATIONAL WORLD IS AWARE OF SUDANI'S MONETARY REFORMS & THEY ALL WANT A PART OF IT!!!".........F26

International Finance Corporation: We want to expand our business in Iraq as an investment region

1/17/2024  Baghdad

The International Finance Corporation announced, on Wednesday, its desire to expand its work in Iraq as an attractive region for investment.

The Prime Minister’s media office said in a statement, seen by Al-Iqtisad News, that “Al-Sudani met in Davos with a delegation from the International Finance Corporation/IFC, headed by Executive Vice President Mokhtar Diop.”

The statement added, "The meeting witnessed a review of the prospects for cooperation between Iraq and the international institution, a member of the World Bank Group, in light of the Iraqi government moving forward with economic reforms and implementing major strategic and investment projects."

Al-Sudani confirmed, according to the statement, “the government’s readiness to develop the scope of cooperation and partnership with the international institution, especially after the signing of a contract between the Civil Aviation Authority and the international institution to prepare an investment portfolio regarding the Baghdad International Airport development project to be on the same level as international airports, and compatible with international standards in a comprehensive manner.”

For its part, the International Finance Corporation delegation expressed its desire to expand its work in Iraq as an attractive region for investment, as well as to participate in the Strategic Development Road project and the major projects attached to it.  LINK

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KTFA Wednesday Night CC:  https://youtu.be/B4diqPc1bAg

JJimmyJJ:  I’ve been thinking about these commodity futures that Frank mentioned at the end of the call last night.

Disclaimer: In my business career, I usually sold services, not manufactured goods, so I’ve never dealt with commodity futures. In addition, we don’t know what commodities were traded, the expiration dates of the contracts, if the differing amounts were for different length contracts, or even if these contracts are for imports or exports.

Or, in other words, there are too many unknown variables for this to be anything other than a thought exercise for fun. But, while we’re waiting for the announcement, we certainly have time. So, let’s have fun with this. All IMO…

A commodities futures contract is a contract between too large entities to purchase the commodity at a set price at a future date. And usually for a set amount. Frank mentioned, as an aside, exporting something from Iraq. So, let’s assume these contracts were exporting a commodity out of Iraq. As their major export is oil, let’s assume these are futures contracts for oil. Frank also said these contracts are in dinar, which means that, if our assumptions are true, Iraq is going against the petro-dollar and getting paid directly in dinar. Also, if these are oil futures, we can confidently assume that the Ministry of Oil worked very closely with the PM’s office and the CBI on these contracts, so they aren’t guessing. This has to be based on information.

Frank also mentioned that there were at least two different contracts: 1 at an exchange rate of $1.68 per dinar, and another at $3.04 per dinar.

Let’s assume that some entity isn’t getting a deal at almost half the rate of another entity, so the most likely cause of this discrepancy would be differing expiration dates on the contract. Perhaps the $1.68 contract expires earlier, and the $3.04 contract expires later. That would likely mean a float changing the rate.

I sure would like to see the dates on those contracts. If all these assumptions are right (and they probably aren’t), this could show both the timetable the CBI is expecting for the float, AND that the CBI is at least looking at a rate over $3.00 per dinar.

Boys and girls, this is more a WAG than a prediction, but the expectations for this RV to finally get announced have just ramped up even more. It’s getting pretty hot in this waiting room of ours!

Holy smokes and Hallelujah!

Clare:  Al-Sudani: We are facing a new Iraq economically

1/18/2024

Prime Minister Muhammad Shiaa Al-Sudani expressed, on Thursday, his optimism about the general economic situation in Iraq during the next twenty years.

This came in statements he made during the dialogue session within the work of the Davos Economic Forum held in Switzerland.

He was asked about his vision of the Iraqi economic future during the next twenty years, and he replied: Yes, Iraq will be completely different for the better.

He added that Iraq is moving at a steady pace, and I believe it benefits from the support of the people of all its components and sects, and this is the source of its strength until now,” stressing, “We build our plans and programs in the spirit of partnership, understanding and consensus among the people and through its constitutional institutions we create a new economic vision, and we are facing a new Iraq economically.” Through various activities and projects, we invest in the natural materials we have, and we invest in the heritage and civilization that we carry, enabling us to move with confidence towards a better future in a strong, united, independent, and stable Iraq.”

On a parallel level, Al-Sudani met with the Director General of the International Monetary Fund, Ms. Kristalina Georgieva, on the sidelines of his participation in the Davos Economic Forum held in Switzerland.

The Sudanese media office stated in a statement that, 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 referred 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.

In turn, Georgieva welcomed Iraq's accession to 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 uniqueness and the challenges it faces.    LINK

Iraq Economic News and Points to Ponder Thursday AM 1-18-24

 Iraq Economic News and Points to Ponder Thursday AM 1-18-24

Tlm724 Administrator Bondlady’s Corner

Secrets Of The Disappearance Of Billions Of Money (Depositors) In The Warka Bank?! 

 Written by: Basil Abbas Khudair

The event is in Iraq, yes, inside our country and not in other countries.

The story is real and not inspired by Bollywood movies.

The details are that thousands of Iraqi citizens, individuals and companies, deposited their money in a well-known private bank that is officially licensed by the Central Bank of Iraq and has several branches in the provinces and abroad.

 Iraq, which is the Al-Warka Bank, and their deposits in current and savings accounts in Iraqi dinars or US dollars, some of which represent all that they own in the millions or times that in the tens and hundreds, and during the period of their dealings with this bank, which lasted for years,

they did not face any problems in withdrawing or depositing or with regard to completing All credit transactions, overnight, especially in 2010, the bank branches stopped accepting withdrawal requests and said that they were facing some simple matters that would be completed within days.

This was without prior notice so that some depositors could withdraw the amounts they needed to put them on hand or to meet urgent requirements.

Because they are business owners and families and have obligations towards running their businesses, supporting their families, treating their patients, or other matters, and from that date until today the situation has not changed, as the situation remains as it is, and the depositors’ funds were not allowed to be withdrawn, and nothing changed except the duration of the justifications and excuses, as the excuses were speaking.

For a day or days for a solution, then it turned from a year to a year, so that 14 years had passed since this situation, and the depositors did not leave a door without knocking on it to return their money and nothing else.

Some of them resorted to grievance with the Central Bank,

some resorted to the judiciary by filing lawsuits to recover the money, and others sought help from some executive and legislative officials from Various names and positions in order to lift the injustice against them, and

others took to demonstrating and sit-in in front of the gate of the Central Bank, the administration building of the Warka Bank, and even the headquarters of the Council of Ministers to make their voices heard about the injustice that befell them and their disappeared money, and

their request was circulated in various media outlets,

but it is truly strange and unfortunate that The issue has remained unresolved for 14 years, which has made some wonder about the reasons for remaining silent about this not-so-hidden issue.

Is it reasonable for billions of funds to remain unaccounted for in a country with official authorities?

What is the secret of the power maintained by the Warka Bank, such that it remains protected without accountability for its management, cancellation of its license, liquidation, or other procedures that are subject to the logic of right and justice in the state of institutions?

How can the person responsible for the matter or the concerned party accept withholding people’s money for reasons related to the bank and not for a matter related to the depositors over these years? And if the state agencies or any party, including the bank in question, were a creditor to one of the depositors, would they accept not paying their due money for 14 years?

The questions, astonishment, and exclamation marks are many and in the hundreds, but they have not found a solution or an answer.

What matters to the depositors is at least the return of their money, even though they deserve compensation for the opportunities they lost and the harm they suffered that requires compensation for the inflation that occurred over those years.

The 14 years that have passed since the depositors cannot be described in lines or pages or even in parts of books and stories.

The heartbreak, the soul, and your money deposited in a bank that does not give you a date or find a solution for you cannot be described.

It is a heartbreak that is not emotional, but rather associated with hundreds of tragedies, sorrows, and incidents that...

I faced the depositors in its actual and real form.

A number of depositors died (they or the people closest to them died) because they did not have the cash for treatment and their money was deposited in Warka and  

the bank did not allow them to withdraw or transfer all or some of it to cover the treatment expenses, and

some of the stakeholders and businesses were subjected to legal prosecution and judgments.

Because they did not pay their obligations, because their money is in Al-Warka, and

whoever issued judgments against them did not consider Al-Warka’s denial of the right of withdrawal an excuse for easing and allowing, and

some who had a dream of buying or building a house to shelter themselves and their family, their dreams evaporated and turned into nightmares after they deposited their money to collect the dinar upon the dinar. Of his strength and permissibility, but all that he had saved disappeared in Warka, and

what he had hoped for was no longer achievable after purchase and construction prices doubled.

Whoever sold his house for 100 million and deposited his money in Warka in 2010 to replace his residence, today he can no longer build less than his previous home due to the inflation that occurred.

In prices, and whoever intended to get married and saved money for his wedding and his wedding in Warka is no longer able to marry after he has reached the age of 14, and

it is not strange to find in the gatherings held by (victims of Warka) to demand their rights, young people from those present come on behalf of us and say that we are the son or grandson of the deceased.

The depositor is so-and-so who died years ago.

The children have grown up and the hopes of some of the depositors have turned from happy dreams of housing or investment to a wish to obtain land to be buried in, after those hopes have dissipated and their purchasing value has decreased greatly. It is 14 years.

Dear gentlemen and ladies, officials everywhere who They have something to do with resolving the issue and paying attention to it or adopting it from near or far. During these years, governments and parliaments changed, and you did not find a solution to return the money of the people, who are your brothers in the homeland and in citizenship, and

we did not hear anyone with an official mandate in the three authorities asking (the Warka administration) where the depositors’ money went.?

Aren't they deposits that must be guaranteed and matched by assets and under the control and supervision of the Central Bank? Whether it was lost, escaped, stolen, or wasted,

these are all questions and questions that depositors have the right to ask,

but the integrity, financial oversight and other regulatory authorities have not answered them so that they can be announced to the public and inform depositors.

Is it just, fair, and reasonable to accept a situation in which people deposit their money in a bank established in accordance with Sharia law? Legal and their deposits remain unknown throughout these years and the bank is 100% Iraqi?

Despite all that we have mentioned, the depositors and (their heirs) are still waiting for hope.

Even their demonstrations no longer find an answer that heals the wounds. All they receive are futile promises whose solutions go by for years.

In light of what is stated in these lines in brief, because it is a topic that concerns thousands of Iraqis and is not personal, the question that has been going on for 14 years remains:

What are the secrets of the disappearance of billions of depositors’ money over these years?

Who is the culprit or negligent, and Warka is not unknown, but rather exists, and

its main headquarters is known in the center of Baghdad in the city of Al-Mansour.

On December 2, 2023, he obtained the approval of the Registrar of Companies to increase his funds to 250 billion dinars, and

he says that he is awaiting the approval of the Central Bank of Iraq to resume his activity again? !

The owners of the case hope for those concerned about the matter to find an urgent solution to it without delay, as prolonging the matter increases the harm and increases the tragedies for people, and delaying its solution is unacceptable according to Sharia, custom, or law.

We implore you to God to save their conditions and their souls, as most of them have turned from well-off to “insolvent,” and some call them “poor.”

The feeling prevails among some of them that they have been transformed from right-holders into citizens (begging) for solutions, and there is hope in God, and there is also reliance on honorable people and people of conscience to restore rights after years of patience coupled with injustice!! .

https://almaalomah.me/articles/53543/أسرار-اختفاء-المليارات-من-أموال-المودعين-في-مصرف-الوركاء

To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/

Provoking Points To Ponder on Adversity:

Adversity has ever been considered as the state in which a man most easily becomes acquainted with himself, being free from flatterers.  - Samuel Johnson

In all things preserve integrity; and the consciousness of thine own uprightness will alleviate the toil of business, soften the hardness of ill-success and disappointments, and give thee an humble confidence before God, when the ingratitude of man, or the iniquity of the times may rob thee of other rewards.  - Barbara Paley

He knows not his own strength who hath not met adversity.  - Samuel Johnson

Adversity leads us to think properly of our state, and so is most beneficial to us.  - Samuel Johnson

In the depth of winter, I finally learned that there was in me an invincible summer.  - Albert Camus 

 http://famousquotesandauthors.com/topics/adversity_quotes.html

 Famous Quotes and Authors, Famous Quotations for all Occasions-

"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

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.

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

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

https://ninanews.com/Website/News/Details?key=1101526

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

https://www.mawazin.net/Details.aspx?jimare=240542

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."

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

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

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.

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.

https://alforatnews.iq/news/السوداني%C2%A0-%C2%A0أهمية-أن-تعكس-تقارير-البنك-الدولي-بشكل-واقعي%C2%A0سياسات-الحكومة-الجديدة

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……..

https://www.youtube.com/watch?v=FhIuuavbln4

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.

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

~~~~~~~~~~

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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Follow Goldilocks' Roadmap

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Thank you Dinar Recaps

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.”

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.

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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."

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-