Iraq Economic News and Points to Ponder Tuesday Evening 1-23-24

Iraq Economic News and Points to Ponder Tuesday Evening 1-23-24

Tlm724 Administrator Bondlady’s Corner

From The Dollar Currency.. The Iraqi Central Bank Freezes The Accounts Of “Fly Baghdad”

Money  and business  Economy News – Baghdad  A source revealed, today, Tuesday (January 23, 2024), that the Central Bank of Iraq froze the accounts of “Fly Baghdad” in 3 major banks, in the dollar currency.

The source told Al-Iqtisad News, "The Iraqi Central Bank froze the accounts of Fly Baghdad Airlines in three major banks in response to US Treasury sanctions."

Yesterday, Monday, the US Ambassador to Baghdad, Alina Romanowski, described Iran’s use of an Iraqi airline to smuggle weapons and dollars as a blatant violation of Iraq’s sovereignty.

This is a comment on the US Treasury’s decision to impose sanctions on the “Fly Baghdad” airline and 3 other figures.   156 views 01/23/2024 - https://economy-news.net/content.php?id=39740

Financial Fraud

Samir Al-Nusairi  Due to the difficult and complex economic challenges and conditions that the government and the Central Bank faced in 2023 due to the fluctuation in the exchange rates of the Iraqi dinar against the US dollar and the instructions, facilities, controls and packages issued by the Central Bank to provide cash dollars to travelers and students outside Iraq and to small merchants who do not enter the electronic platform.

A number of cases of financial fraud have been diagnosed with the entry and exit of funds across the Iraqi border and exploitation of this in currency counterfeiting and money laundering operations, which falls within the category of financial crimes prosecuted by Iraqi law.

Therefore, the Central Bank announced that it is currently carrying out and also urging banks to carry out a wide media and advertising campaign to warn Citizens are aware of the danger of practicing these actions in violation of instructions and the extent of their impact on harming the national economy.

Here we would like to clarify the development of the methods and practices of people and companies involved in financial crimes, or so-called economic crimes, in most countries of the world, which can be identified as money laundering crimes, electronic payment crimes, currency counterfeiting, securities forgery, and other financial fraud crimes.

Government agencies, judicial and supervisory bodies have amended their applicable laws and developed procedural and electronic means to reduce these crimes in order to preserve their funds and the national economy.

Iraq, like other countries, has active its economic and legislative bodies and institutions in combating these crimes, as it issued the Anti-Money Laundering Law No. 39 of 2015, which included 12 chapters and articles that specified the crimes covered by the law and the penalties for each financial crime.

It also adheres to the international standards that limit money laundering issued by the FATF, in addition to the crimes of counterfeiting, forgery and fraud stipulated in the Iraqi Penal Code and the instructions issued by the Financial Authority and the Monetary Authority represented by the Central Bank of Iraq and the Ministry of Finance to combat these crimes with the aim of preserving Iraq’s money, especially its currency.

Foreign countries, due to the impact of these crimes on the national economy, creating stifling economic and financial crises for it, and the impact of this on sustainable development.

What is dangerous is the failure of financial and banking institutions to adhere to compliance rules, which means that they are exposed to financial and legal risks, the most important of which is reputational risks that directly affect Iraq’s international economic, financial, and banking transactions, which affect Iraq’s foreign economic relations with countries of the world, especially the financial and banking transactions of Arab and foreign correspondent banks.

But laws alone and internal judicial procedures alone cannot combat these financial crimes, which requires developing local and international proactive control methods by adopting mechanisms and policies regulated by international agreements to cooperate in reducing financial crimes related to money laundering, terrorist financing, and electronic financial crimes related to electronic payment operations and reaching the final beneficiary. .

Training and qualifying supervisory and technical personnel specialized in the subject of money laundering and applying international standards in this field has become imperative.

Therefore, we propose that the Central Bank of Iraq, the Association of Iraqi Private Banks, and the Iraqi judiciary organize specialized qualification and training courses similar to the courses that were held in the years 2017 and 2018 inside and outside Iraq. Participate in Banking and judicial cadres join together to exchange experiences and cooperate with each other to reduce financial and economic crimes.

99 views  Added 01/23/2024 - https://economy-news.net/content.php?id=39739

The government requires official institutions to cooperate with banks regarding electronic sales

Economy | 01/23/2024  Mawazine News – Baghdad  The General Secretariat of the Council of Ministers announced, today, Tuesday, the obligation of official institutions to cooperate with banks regarding electronic points of sale.

A statement from the secretariat stated, “Based on the directive of the Prime Minister, Muhammad Shiaa Al-Sudani, regarding electronic points of sale (POS) and in order to achieve a streamlined implementation of the procedures for implementing this system and raise the level of preparedness on all sides, in a way that contributes to serving citizens.”

The General Secretariat of the Council of Ministers specified the conditions for issuing the electronic card, the commitment to implement what was stated in Paragraph (First/2) of Council of Ministers Resolution (23620 of 2023) and in cooperation with licensed banks, in accordance with the scope of their work and the organizational structure of their accounting and financial procedures through the use of payment tools.

Electronic payment from the procurement committees and implementation committees is a secretariat, and an emphasis on cooperation and coordination from all government institutions, with electronic payment service providers and banks contracted with them for the following purposes: placing billboards and screens displaying materials and short videos for citizens explaining the mechanisms of using electronic payment tools, their benefits and methods, and encouraging them to use them.

Educating them about this matter, until March 1, 2024 as a maximum, and conducting awareness campaigns to spread financial and banking culture and electronic payment in the field, within the buildings of institutions and formations and their locations periodically.”

He added, "The conditions included providing the Central Bank of Iraq with the procedures taken regarding the adoption of electronic payment tools in financial transactions and services, in addition to the proposals and challenges facing the process, so that the aforementioned bank can study them and find the necessary solutions as far as the matter is concerned with the specialization of the Central Bank of Iraq."

He pointed out that “the Department of Cabinet Affairs and Committees in the General Secretariat of the Council of Ministers will take it upon itself to follow up on the implementation of the directives.”

https://www.mawazin.net/Details.aspx?jimare=240895

Oil Prices Stabilized Amid Mixed Indicators Regarding Supplies

Tuesday 23, January 2024 | Economical  Number of readings: 316  Baghdad / NINA / Oil prices stabilized today, Tuesday, and there was no significant change, in light of mixed indicators regarding supplies and cautious expectations regarding China.

Brent crude futures fell two years to $80.04 per barrel, while US West Texas Intermediate crude futures fell to $74.75 per barrel.

The two crude oil prices rose by about two percent yesterday, Monday, as a Ukrainian drone targeting a fuel export station belonging to the Novatek company raised concerns about supplies and then an increase in prices./End 2   https://economy-news.net/content.php?id=39750

A New Decline In The Dollar In Iraq This Afternoon

Time: 01/23/2024 13:11:20 Read: 4,004 times  {Economic: Al-Furat News} We publish a morning list of the exchange rates of the dollar against the dinar, on the main Iraqi stock exchanges, this afternoon, Tuesday.   The official price from the Central Bank is 132,000 dinars per $100 bill.

Dollar selling prices on stock exchanges at one o’clock this afternoon:

Baghdad: 150,850 dinars   Erbil: 150,750 dinars   Basra: 151,100 dinars   Najaf: 150,950 dinars

Mosul: 150,900 dinars    Kirkuk: 150,850 dinars   Sulaymaniyah: 150,850 dinars   LINK

https://alforatnews.iq/news/%D8%A7%D9%86%D8%AE%D9%81%D8%A7%D8%B6-%D8%AC%D8%AF%D9%8A%D8%AF-%D9%84%D9%84%D8%AF%D9%88%D9%84%D8%A7%D8%B1-%D9%81%D9%8A-%D8%A7%D9%84%D8%B9%D8%B1%D8%A7%D9%82-%D8%B8%D9%87%D8%B1-%D8%A7%D9%84%D9%8A%D9%88%D9%85

External transfers
 
January 23, 2024   :diamonds: Agents of foreign remittance service providers (Western Union, MoneyCram) and external remittances..

For more, click here   https://cbi.iq/static/uploads/up/file-170600387869363.pdf
 
https://cbi.iq/news/view/2506  
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https://cbi.iq/static/uploads/up/file-170600387869363.pdf

[Partial and approximate translation]
 
Agents of foreign remittance service providers (Western Union 0 Money Gram)
m/ external transfers
 
In view of the meeting with Mrs. (Rawad Tammuz Mahmoud) to carry out external transfers through (Western Union) company.
 
Using two Iraqi passports at the same time, issued within the year 11
 
SLA ony menstruation and caution regarding financial transactions for the benefit of the invitation mentioned above.
 
ea   With appreciation.    Escorts   Next version (se) Select (*) 

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

Goldilocks' Comments and Global Economic News Tuesday Evening 1-23-24

 Goldilocks' Comments and Global Economic News Tuesday Evening 1-23-24

Good evening Dinar Recaps,

"On 27 December 2023, the Hong Kong Financial Services and the Treasury Bureau (FSTB) and the Hong Kong Monetary Authority (HKMA) jointly issued a consultation paper1 (the Consultation) proposing regulatory regime for fiat-referenced stablecoin (FRS)2 issuers in Hong Kong.

The Consultation aims to establish licensing, supervision, and enforcement measures that align with global standards to effectively control the existing and potential risks linked to the development of stablecoins in Hong Kong.

The HKMA plans to launch a "regulatory sandbox" for potential issuers to facilitate the observation of stablecoins at the regulatory level in a controlled environment and will shortly be announcing the details of the arrangement."

We have gone over what a sandbox is before in this room. A sandbox is used to test and prepare for regulation a group of assets, and this one is testing Stablecoins. Stablecoins represent a currency inside of a country. In order for Hong Kong to test the currencies that trade with them in digital format, they are going through this testing period, so they can prepare these new Stablecoins for regulation under Global Standards on the new digital economy.

This will give us more clarity on the payment side of the new digital economy. On February the 29th, 2024, this consultation period will be over. At that time, they will be able to move forward with their Stablecoin in Hong Kong.

The beauty of this venue is that several other stablecoins will be tested and capable of being regulated according to Global Standards through this process as well.

This puts us inside the implementation stage for stablecoins to begin adoption into the new Digital asset-based Trading System. These new stablecoins on the new digital economy will then be able to put price pressures on the foreign currencies from around the world.

© Goldilocks
https://www.jdsupra.com/legalnews/hk-licensing-regulatory-sandbox-for-7963008/

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👆 👇 Freedom Fighter and Jester will break down these two articles on the SNL Call 👆 👇 

➡️   SNL Call 1/27/24 at 9pm EST ~: LINK

➡️   SNL Q and A opens the day of the call ~ Link 

👆 👇 Freedom Fighter and Jester will break down these two articles on the SNL Call   👆 👇

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"Between now and March the 11th, 2024, many adjustments will be made to secure company growth through these new Basel 3 Capital requirements. At that time, old liquidity will give way to a commodity-based support system."

Do you remember this quote by me on January 16th, 2024? On that day, we shared an article together on how the old liquidity system is going away and the reliance on a commodity-based system will be emerging early March.

Take a close look at the article today and see how all of these steps since the beginning of January and even January of 2 years ago have been layering themselves one on top of the other getting us to the point where we can start seeing price pressures starting to be made on the Forex currency markets.

Below is the old article for your viewing. Read for yourself, it is in black and white from Governmental Financial resources. The first one will give you the date you're looking to see.

This shift will begin putting price pressures on gold, paper currencies, and our new digital assets because of their connection to one another going forward.  Banking Dive Link    ISDA Link

© Goldilocks

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The new language of payments: BAFT releases whitepaper on navigating the ISO 20022 transition  |  Trade Finance Global

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Artificial intelligence in central banking

Central banks have been early adopters of machine learning techniques for statistics, macro analysis, payment systems oversight and supervision, with considerable success.

Artificial intelligence brings many opportunities in support of central bank mandates, but also challenges – some general and others specific to central banks.

Central bank collaboration, for instance through knowledge-sharing and pooling of expertise, holds great promise in keeping central banks at the vanguard of developments in artificial intelligence.

https://www.bis.org/publ/bisbull84.htm

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Protocol 20 Vote is One Week Out

On January 30th, the network's validators will cast their votes, and if they approve the upgrade, the Stellar network will immediately switch from Protocol 19 to Protocol 20.
 
This is super important and exciting! 
 
After more than two years of technical discussions, hundreds of thousands of lines of code, and over 150 projects (that we know of) deployed on Testnet, the upgrade will mark the era of a new Stellar smart contracts tech stack, one that delivers productivity through a batteries-included developer experience built to scale.
 
That said, validators are opting to increase capacity for Soroban transactions on Mainnet through a phased approach. The limited capacity for Soroban transactions on Mainnet means that Soroban dapps won’t be ready for use at scale until later phases. Limits on transactions that make use of existing Stellar operations won't be impacted, which means existing applications will continue uninterrupted.
 
With one week left before the vote, please upgrade all of your mission-critical software in preparation for Protocol 20. A new era of the Stellar Network is upon us, make sure you’re ready for it! Stellar Blog

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After Coronavirus 'War,' Bretton Woods-Style Shakeup Could Dethrone the Dollar

Remember, we have talked several times in this room that currency revaluations happen during or just after a war. It has happened time after time throughout history.   Coin Desk Link

© Goldilocks

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"What is the difference between distressed and opportunistic credit?

Dedicated distressed credit funds have almost 'disappeared' and been replaced by opportunistic credit or 'special situations' funds which typically target a much less cyclical opportunity set that is less dependent on a default cycle while retaining flexibility to invest in bankruptcy and restructuring scenarios."

"It may be helpful to think of opportunistic credit as an investment in dislocation. Put simply, it's a strategy that seeks to capitalize on periodic disruptions across public and private credit markets that can cause assets to become mispriced."

Take a look at these articles below, and you will notice how many companies are currently restructuring their debt and moving into opportunistic credit.

© Goldilocks

The Frontier Line
 AB - AllianceBernstein
SEC Link

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👆 We are revaluing and refactoring in new prices on all sectors of the market going forward.
Forex is one of them.

© Goldilocks

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"Agents of foreign remittance service providers ( Western Union, MoneyGram ) and external remittances."

Iraq is sharing with us their ways of moving money from one country to another. This can be done individually, through a business, or government transactions.

© Goldilocks
https://cbi.iq/news/view/2506

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Treasury officials call for action from US policymakers to regulate crypto before the next crisis hits | The Block

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FTX Sold About $1B of Grayscale's Bitcoin ETF (GBTC): Sources  |  Coindesk
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Thank you Dinar Recaps

Iraq Economic News and Points to Ponder Tuesday Afternoon 1-23-24

Iraq Economic News and Points to Ponder Tuesday Afternoon 1-23-24

Tlm724 Administrator Bondlady’s Corner

Romanski: Deposits In Iraqi Banks Increased To 37 Percent

US Ambassador to Iraq Alenia Romanski   Economy News – Baghdad  The US Ambassador to Iraq, Alenia Romanski, announced on Tuesday that the total deposits held in Iraqi commercial banks increased by about 37% over the past two years.

The Ambassador said in a post on the A bank account in local banks by 31%.

She added, "We have made impressive progress. By working with Iraq on reforms, we are contributing to building confidence in the banking sector, as modern banking services enable us to promote a greater amount of foreign investment and protect funds from financial crimes, theft and loss."

Views 63 01/23/2024 - https://economy-news.net/content.php?id=39750

The American Ambassador Expresses Her Astonishment At The High Confidence In The Banking System In Iraq

Economy |  01/23/2024  Mawazine News – Baghdad  The Ambassador of the United States of America, Elena Romanowski, expressed her astonishment at the progress made in the banking sector and the increase in the total number of bank accounts in Iraqi banks.

Romanowski said on her account on the “X” platform, “Data from the Central Bank of Iraq indicate that the total deposits held with Iraqi commercial banks increased by about 37% during the past two years, and from 2021 to 2022, the total number of people with a bank account in Local banks by 31%,” and commented on the matter, “It is impressive progress!”

She added, “By working with Iraq on reforms, we contribute to building confidence in the banking sector.” Modern banking services enable greater foreign investment and the protection of funds from financial crimes, theft and loss    https://www.mawazin.net/Details.aspx?jimare=240928

The Central Bank Sells $194 Million At Auction Today
Economy  Tuesday, January 23, 2024 Baghdad/National News Center  External remittances at the Central Bank of Iraq auction rose by 90% on Tuesday, at the expense of cash sales, to reach $194 million.

Today, during its auction for buying and selling the US dollar, the Central Bank sold 214 million 954 thousand and 64 dollars, covering it at a base exchange rate of 1,305 dinars per dollar for documentary credits and international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,310 dinars per dollar in cash.

It was stated that most of the bank’s sales were in dollars to enhance balances abroad in the form of transfers and credits, which amounted to 194 million 954 thousand and 659 dollars, an increase of 90% over cash sales amounting to 19 million 110 thousand dollars.

While the number of banks that purchased cash dollars reached 9 banks, the number of banks that responded to requests to enhance balances abroad reached 17 banks, and the total number of exchange and brokerage companies participating in the auction was 156 companies.  https://nnciraq.com/247261/

Parliamentary Finance: This Year’s Budget Is A Budget For Eliminating Problems With The Region

The head of the Parliamentary Finance Committee, Atwan Al-Atwani, confirmed today, Tuesday, that “there is no complete fiscal year due to the delay in approving the budget every year,” noting that “last year some governorates exceeded their share of the budget,”

Al-Atwani said in a televised interview. “The government has decided to reduce the duration of project implementation, and this is an important course of action,” stressing, “The budget last year amounted to 205 trillion Iraqi dinars, and this year’s budget will approach 214 trillion Iraqi dinars.”

Al-Atwani added, "There are complex technical problems that hinder the rapid return to exporting the region's oil," pointing out, "There are obligations on the region's government that must be implemented to solve the salary problem."

He explained, "The best solution to solve the problem of the region's salaries is to add them to sovereign expenditures and enter them into the central payroll system," noting, "This year's budget is a budget for eliminating problems with the region."   https://www.radionawa.com/all-detail.aspx?jimare=37112

The Council Of Ministers Issues A Number Of Decisions

Time: 01/23/2024 19:57:40 Read: 1,326 times   {Politics: Al-Furat News} The Council of Ministers held its regular session today, Tuesday, headed by Prime Minister Muhammad Shiaa Al-Sudani, during which it “reviewed the general conditions and service and economic files, and followed up on the implementation of the paragraphs of the government program within multiple axes.

The session also witnessed discussion of the topics listed on the agenda.” business, and take the necessary decisions thereon.”

Within the framework of evaluating the performance of ministries in the field of combating and preventing corruption, the Prime Minister directed the following:

1- The ministries must expedite the completion of the information required for the fourth semester of last year, in order to complete the comprehensive position for the year 2023, submit it to the Office of Financial Supervision, complete the results of the annual evaluation, complete the observations, process the proposals, and exhaust all procedures in accordance with the law.

2- Ministries must raise the level of achievement, resolve investigative cases, expedite the completion of criminal cases related to corruption cases, recover public funds, and hold accountable and prosecute the corrupt and wanted persons, in recognition of the extreme importance of initiating anti-corruption measures in all fields (imposing disciplinary penalties and issuing judicial rulings of conviction). , recovering funds), the effectiveness of accountability and accounting for the corrupt, imposing legal penalties against them, and spreading a culture of principles of integrity and transparency to develop job performance; Protection of government institutions and public funds.

In terms of following up on health sector projects, the Council of Ministers approved the exceptions for transferring the program for managing and operating modern hospitals with a capacity of (492) beds (6) in the governorates of (Babylon, Al-Najaf Al-Ashraf, Holy Karbala, Basra, Dhi Qar, and Maysan) according to the following:

1. Exemption from Cabinet Resolution (23684 of 2023) and opening an irrevocable documentary credit of (95%) of the contract value in dollars in favor of the service provider, after signing the contract and paying the remaining (5%) of the management fees in dinars in a bank account chosen by the provider. .

2. Exemption from work permit fees stipulated in the Law of Practicing the Profession for the Maintenance of Devices, Machines and Equipment No. (18) of 1987 (Foreigners practicing work in Iraq).

3. Adopting the late fines indicated in the offer submitted by the company nominated for referral, based on a percentage for each service, instead of the text established under the provisions of the Government Contracts Implementation Instructions (2 of 2014).

4. Exemption from opening a branch of the company inside Iraq upon signing the contract, provided that the registration of the branch is completed in accordance with the system of branches of foreign companies (2 of 2017) and the last date for opening the branch is 1-March-2024, which is the date the company commenced work, otherwise it will be cancelled. Contract.

5. Granting an advance (10%) of the contract value in exchange for a letter of guarantee from a bank accredited to the Central Bank of Iraq, to ​​be recovered from the two installments of the last two months of the contract, as an exception to the controls (instructions to bidders in the tender documents) and the controls for the mechanism for dealing with issued operational advances. From the Ministry of Planning attached to the instructions for implementing government contracts (2 of 2014).

6. Obligating the Ministry of Finance to provide financial allocations for the aforementioned program, provided that the contract period is two years starting from the date of signing the contract, renewable for one year, provided that the financial allocation is available.

In terms of following up on service projects, the Council of Ministers approved the following:

1. Increasing the reserve percentage for the contract (Construction of the North Nasiriyah Bridge and its approaches/Phase Two), one of the components of the project (Construction of the North Nasiriyah Bridge and its approaches) included in the investment budget tables of the Ministry of Construction, Housing and Municipalities/Department of Roads and Bridges, to become (23.1%) (after rounding) Instead of (10%) to implement the two replacement orders, No. (5) regarding the difference in the exchange rate of the dinar against the dollar for the uncompleted work, audited by the Federal Office of Financial Supervision, and the replacement order No. (6) for the additional work.

2. Increasing the total cost of the project referred to in paragraph (1) mentioned above to become (60,670,041,985) dinars, only sixty billion six hundred and seventy million and forty-one thousand nine hundred and eighty-five dinars instead of (56,826,000,000) dinars, only fifty-six billion eight hundred. Twenty-six million dinars, an increase of (6.76%) over the adjusted cost.

3. Increasing the reserve percentage for the project (construction of the bridge housing intersection/Dhi Qar), which is included in the investment budget tables of the Ministry of Construction, Housing and Municipalities/Directorate of General Municipalities, to become (19.878%) instead of (10%).

4. Increasing the total cost of the project to become (65,581,803,419) dinars, only sixty-five billion five hundred and eighty-one million, eight hundred and three thousand four hundred and nineteen dinars instead of (60,309,000,000) dinars, only sixty billion three hundred and nine million dinars, with an increase rate of (8.742). %) on the adjusted cost.

5. The Ministry of Construction, Housing, Municipalities and Public Works bears responsibility for the accuracy of the statements and pricing items included in Spare Order No. (4) for the project.

The Council of Ministers also approved the recommendation of the Ministerial Council for the Economy (24026 Q) as follows:

1. Extending the period for signing the contract for a period of (15) days regarding the Al-Wahda sewerage project in Baghdad Governorate, and agreeing to divide the amount of the letter of guarantee, provided that the allied companies are jointly responsible for the debt and the obligations resulting from them.

2. Accepting a certified instrument instead of a letter of guarantee, provided that the letter of guarantee is submitted within (6) months from the date of issuance of the instrument, because the legal value of the certified instrument remains effective (6) months from the date of its issuance, and in the event that the letter of guarantee is not issued, the amount of the instrument will be withdrawn. And deposit it in the trust account, during the validity period of the instrument for the company implementing the Saba El-Bour sewers.

The Council of Ministers also approved the recommendation of the Ministerial Council for Social Services (23034 KH), which includes the responsibility of the Nasiriyah Municipality to announce the sale of the serviced plots of land, numbering (1,200) plots in the Nasiriyah district indicated in the letter of Dhi Qar Governorate on October 10, 2023, through projects Dhi Qar Reconstruction Fund and sell them by public auction, provided that the Nasiriyah Municipality pays the costs of services to the aforementioned fund in exchange for the services and infrastructure it has established, and the amounts collected from the sale of real estate are registered with the owner, provided that the amount of the cost of services for the neighborhoods served is deducted for the benefit of a fund. Reconstruction of Dhi Qar in exchange for services provided by them in the form of deposits.

In the field of following up on energy and oil sector projects and developing staff, the Council agreed to finance the increase amount in the contract annex for preparing staff to operate and transfer experience and knowledge.

To ensure the sustainability and operation of the Karbala Refinery Project amounting to (262,600,000,000) dinars, only two hundred and sixty-two billion and six hundred million dinars are required, based on Instructions No. (4) of 1999 issued by the Ministry of Planning and Cabinet Resolution (23713 of 2023) since the beneficiary company is a public company.

(Self-financing), provided that the financed amount is recovered from the financial revenues generated by the aforementioned liquidator outside the treasury share, according to a payment schedule of no less than (50) billion dinars per year, starting from this year.

The Council also approved the continuation of work by Cabinet Resolution No. (361 of 2022) regarding the emergency plan for the Ministry of Electricity in relation to the third paragraph thereof, provided that the powers are restricted exclusively to the Minister, and no one is authorized to act on his behalf.

Within the framework of continuing financial and administrative reforms, the Council of Ministers approved the results presented at the Council meeting session by the Minister of Finance on the subject of the unified treasury account, which included the following:

1- Forming committees in accordance with what is required by Cabinet Resolution (23452 of 2023), which have not formed committees to date, while making the necessary recommendations.

2- The continuation of the work of the committees formed in the entities that previously adhered to the aforementioned Cabinet decision, to study and analyze immobile bank accounts and send recommendations regarding them.

3- Coordination with the Accounting Department to review the recommendations received by the Ministry of Finance, to take the necessary measures in accordance with what was stated in the above decision.

In the field of following up on the displaced persons’ file, the Council of Ministers decided to adopt the mechanism for implementing Council of Ministers Resolution No. (24007 of 2024) submitted by the Ministry of Immigration and Displacement - Branch Affairs Department, and to assign all ministries, government agencies and international organizations operating in Iraq to take the necessary measures to implement it, according to the following:

1. Allocating an amount of (4) million dinars to each family returning from displacement registered in the database of the Ministry of Immigration and Displacement, who reside in displacement camps exclusively in the Kurdistan region of Iraq, to ​​encourage them to leave the camps and return voluntarily to their areas of origin or any other area chosen by the displaced. After the issuance of Cabinet Decision (24007 of 2024).

2. Launching a work program between the Ministries of Transport and Immigration and Displacement regarding employing unemployed people returning from displacement living in the region’s camps after the issuance of Council of Ministers Resolution (24007 of 2024), and submitting the final version of the details of the program from the representative of the Ministry of Transport in the Supreme Committee for the implementation of this project from Ministry of Transport/General Company for Transporting Passengers and Delegations.

3. Obligating the Ministry of Education to allocate a percentage of the contract appointments to be launched at the present time, equivalent to (2%) of each job title in the governorates (Nineveh, Salah al-Din, and Anbar), allocated to those returning from displacement in the region’s camps after the issuance of Council of Ministers Resolution (24007 of the year 2024) equal to the percentage of appointments granted to minorities; To support the return of displaced people living in camps.

4. Assigning the Ministry of Migration and Displacement to provide the Joint Operations Command with a list of the names of those residing in displacement camps in the Kurdistan region of Iraq, provided that the leadership and all security agencies complete security checks for a maximum period (one month only) in preparation for completing the procedures for the voluntary return of the displaced to their areas of origin or to Other areas, and closing the displaced persons file on July 30, instead of June 2024.

5. Send a recommendation to the Supreme Judicial Council to coordinate with the courts and judicial authorities in the Kurdistan region of Iraq; For the purpose of providing them with data on the displaced people living in the region’s camps against whom judicial decisions have been issued for the purpose of stating the legal opinion regarding them.

6. Instructing the Sinjar and Nineveh Plain Reconstruction Fund and the Liberated Areas Reconstruction Fund to build two plots of land in Sinjar District and Mosul District as low-cost homes exclusively for returning displaced persons living in camps, for which the required approvals have been obtained from the Governor of Nineveh.

7. Instructing the Liberated Areas Reconstruction Fund to allocate a percentage of its budget to Sinjar District, as it is one of the affected areas, noting that the amount allocated to it within the reconstruction of Sinjar and the Nineveh Plain is not sufficient to rebuild the district due to the great damage it has sustained.

8. Activating subcommittees formed in the governorates to coordinate with tribal notables and heads of local administrations in the governorates to solve tribal and social problems in the displaced areas to facilitate the task of returning displaced families in the camps of the Kurdistan region of Iraq to those areas.

9. Assigning the Ministry of Labor and Social Affairs to include those returning from displacement in the camps of the Kurdistan Region of Iraq after the issuance of Council of Ministers Resolution (24007 of 2024) with programs (social protection benefits salary, a full-time assistant for the disabled, and soft loans for the unemployed without interest) as an exception to the controls.

10. Directing all ministries and service institutions to open offices, representations, or branches in the Sinjar region to provide the necessary and necessary services to the people of the district, according to the jurisdiction of each ministry or institution.

11. Obligating the Ministry of Finance to provide compensation for demolished homes in the governorates to displaced people living exclusively in camps in the Kurdistan region of Iraq, especially in Sinjar district, to encourage them to return voluntarily to their areas of origin or any other area.

12. Obligating all ministries and governorates to allocate a percentage (2%) of contracts to those returning from displacement in the camps of the Kurdistan Region of Iraq after the issuance of Council of Ministers Resolution (24007 of 2024) on par with other vulnerable groups, to encourage them to leave the camps and voluntarily return to their original areas or any area. Other.

13. Assigning the Ministry of Immigration and Displacement to conduct media coverage in the camps for displaced people in the Kurdistan region of Iraq, and notifying them of the Council of Ministers’ decision (24007 of 2024) regarding closing the camps that it is an effective and binding decision to encourage them to return voluntarily within the specified period.

14. Directing the competent committees composed of the Ministry of Migration and Displacement and the Ministry of Interior to expedite the resolution of the issue of granting documents and identification documents to missing displaced persons living in camps.

15. Including displaced and divided families residing in camps in the financial grant allocated to returnees, amounting to 4 million dinars, disbursed as follows:

- A single powder (i.e. dispensed in the form of a check delivered to the citizen) similar to the mechanism used by the Ministry of Immigration and Displacement with those returning from abroad, to reduce episodes of red tape and enable the Ministry to carry out its tasks to complete the process of closing the camps permanently within the time limit specified for that.

The Council of Ministers also considered a number of topics on its agenda and took the following decisions:

First: Approval of amending Paragraph (3) of Cabinet Resolution (23680 of 2023) regarding the Ministry of Agriculture’s contract with the Austrian company BAUER; To become as follows:

 Authorizing the Minister of Agriculture to contract with the Austrian company BAUER for an amount of (300) million euros, after converting it into dollars and converting it to the exchange rate of 1,300 dinars, according to the instructions for implementing the budget, and according to the minutes of the meeting of the negotiating team, and the Ministry of Agriculture is responsible for the validity and soundness of the contractual procedures, as an exception to Cabinet Decision (90 of 2009).

Secondly: Approval of adding the name of the Financial Secretary of the Iraqi Football Association (Kamil Aday Jabbar) to Council of Ministers Resolution (23050 of 2023) amended by Council of Ministers Resolution (23090 of 2023) regarding honoring the Iraqi delegation that won the Gulf Cup (25) in football.

Third: Approving the recommendations of the committee to study and restore the controls in place in the construction of mosques and mosques, taking into consideration the opinion of the Legal Department in the General Secretariat of the Council of Ministers.

Fourth: The Ministry of Finance allocated an amount of one billion dinars to each governorate, except for the governorates of the Kurdistan region of Iraq, and a total of (15) billion dinars, from the emergency reserve, based on the provisions of the general budget law for the three fiscal years, to begin purchasing weapons from citizens, in implementation of the government program, and the first phase. From the national policy to regulate weapons and confine them to the state (the stage of registering citizens’ weapons).   LINK

https://alforatnews.iq/news/%D9%85%D8%AC%D9%84%D8%B3-%D8%A7%D9%84%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D9%8A%D8%B5%D8%AF%D8%B1-%D8%AC%D9%85%D9%84%D8%A9-%D9%82%D8%B1%D8%A7%D8%B1%D8%A7%D8%AA

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

"Tidbits From TNT" Tuesday 1-23-2024

TNT:

CandyKisses:  US Treasury imposes sanctions on Iraqi figures for supporting Iran

Mawazine News – Baghdad

The U.S. Treasury Department on Monday included the head of the parliamentary rights movement, Rep. Hussein Monis, on the sanctions list.

Sanctions included PMF leader Salah al-Maksoosi, as well as Fly Baghdad Air.

The U.S. Treasury Department, at the end of last year, imposed sanctions on the Secretary-General of the Sayyid al-Shada Brigades Abu Al-Al-Wali and a number of PMF leaders.

CandyKisses:  Advisor to the Prime Minister: Agreement with Turkey to build a bridge linking the two countries

Baghdad - Iraq Today:

Advisor to the Prime Minister for Transport Nasser Saleh Al-Asadi announced the completion of 600 km within the preliminary design of the development road, and while stressing that the initial designs of the road are nearing completion, he referred to the agreement with Turkey to build a bridge linking the two countries.

"We have reached very advanced stages on the development road, as we held a meeting two days ago in Turkey on the project and discussed the idea of operation," al-Asadi said, noting that "there are agreements between the project management and the provinces to end the conflicts that hinder work."

He added that "what remained is a small distance in northern Iraq and part in Basra, due to the presence of remnants of war and some obstacles that hinder the access of soil testing companies to the region," pointing to "the completion of more than 600 km within the initial design of the development road."

"We are in the stage of developing the technical specifications of the project," he said, pointing out that "there are agreements with Turkey on the construction of a bridge linking Turkey and Iraq with a length of approximately 2,000 meters."

He stressed that "the establishment of the development road is divided into two parts: the first is economic strategic planning, and the second is technical engineering, in which we have achieved very advanced stages, and we have terminated the contract with the company (Oliver Y Man), which will develop the financial and economic idea and the economic model for this project."

He stressed that "the initial designs are nearing completion and the design review remains from the specialized consultant and then announced as a global (tender) to participate in," pointing out that "the project includes sectors in each governorate, and we are now studying where work will begin and whether it starts from the port of Faw upwards."

"The train track for the development road will start from south to north, and the land road will start from north to south, to be completed in the same period of time," he said.

He pointed out that "the Turkish position is very wonderful and they are key partners in the project and have road and railway designs that will connect to Europe, whether east or west."

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

Tishwash:  Financial fraud

Due to the difficult and complex economic challenges and conditions that the government and the Central Bank faced in 2023 due to the fluctuation in the exchange rates of the Iraqi dinar against the US dollar and the instructions, facilities, controls and packages issued by the Central Bank to provide cash dollars to travelers and students outside Iraq and to small merchants who do not enter the electronic platform.

A number of cases of financial fraud have been identified by bringing in and taking out money across the Iraqi border and exploiting this in currency counterfeiting and money laundering operations, which falls within the category of financial crimes prosecuted by Iraqi law.

Therefore, the Central Bank announced that it is currently carrying out and urging banks to also carry out a wide media and advertising campaign to warn Citizens are aware of the danger of practicing these actions in violation of instructions and the extent of their impact on harming the national economy.

Here we would like to clarify the development of the methods and practices of people and companies involved in financial crimes, or so-called economic crimes, in most countries of the world, which can be identified as money laundering crimes, electronic payment crimes, currency counterfeiting, securities forgery, and other financial fraud crimes. 

Government agencies, judicial and supervisory bodies have amended their applicable laws and developed procedural and electronic means to reduce these crimes in order to preserve their funds and the national economy.

 Iraq, like other countries, has activated its economic and legislative bodies and institutions in combating these crimes, as it issued the Anti-Money Laundering Law No. 39 of 2015, which included 12 chapters and articles that specified the crimes covered by the law and the penalties for each financial crime.

It also adheres to the international standards that limit money laundering issued by the FATF, in addition to the crimes of counterfeiting, forgery and fraud stipulated in the Iraqi Penal Code and the instructions issued by the Financial Authority and the Monetary Authority represented by the Central Bank of Iraq and the Ministry of Finance to combat these crimes with the aim of preserving Iraq’s money, especially its currency. Foreign countries, due to the impact of these crimes on the national economy, creating stifling economic and financial crises for it, and the impact of this on sustainable development. 

What is dangerous is the failure of financial and banking institutions to adhere to compliance rules, which means that they are exposed to financial and legal risks, the most important of which is reputational risks that directly affect Iraq’s international economic, financial, and banking transactions, which affect Iraq’s foreign economic relations with countries of the world, especially the financial and banking transactions of Arab and foreign correspondent banks. But laws alone and internal judicial procedures alone cannot combat these financial crimes, which requires developing local and international proactive control methods by adopting mechanisms and policies regulated by international agreements to cooperate in reducing financial crimes related to money laundering, terrorist financing, and electronic financial crimes related to electronic payment operations and reaching the final beneficiary. .

Training and qualifying supervisory and technical personnel specialized in the subject of money laundering and applying international standards in this field has become an imperative. Therefore, we propose that the Central Bank of Iraq, the Association of Iraqi Private Banks, and the Iraqi judiciary organize specialized qualification and training courses similar to the courses that were held in the years 2017 and 2018 inside and outside Iraq. Participate in Banking and judicial cadres join together to exchange experiences and cooperate with each other to reduce financial and economic crimes.  link

Mot:  ... the True ""Gotcha"" !!!

Mot:  the Life they Lead!!! --- LOL

MilitiaMan: Iraqi Dinar - Harmony - Activation - Integration - Real Steps WTO - Iraq's Untapped Wealth - Radical

Iraqi Dinar - Harmony - Activation - Integration - Real Steps WTO - Iraq's Untapped Wealth - Radical

MilitiaMan and Crew:  1-22-2024

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=xKKTvGBWA9E

Iraq Economic News and Points to Ponder Monday Evening 1-22-24

Iraq Economic News and Points to Ponder Monday Evening 1-22-24

Tlm724 Administrator Bondlady’s Corner

The Sudanese Advisor Reveals The Government's Vision To Reform The Economy And Not Depend On Oil

Economy | 11:02 - 01/22/2024 Mawazine News - Baghdad, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed today, Monday, the contents of the government’s vision to activate non-oil resources in Iraq, and while he stressed that the Prime Minister will be the basic nucleus of the strategic partnership between the state and the private sector, he indicated that the economic reform law has taken its course. To Parliament for legislation.

Saleh said, “The presidency of the Prime Minister, Muhammad Shiaa Al-Sudani, of the Private Sector Council will be the basic nucleus for launching the principle of strategic partnership between the state and the private sector, in a way that aims to activate the country’s human and material resources and on foundations that serve the renaissance of Iraq in diversifying its sources of national income, whether in agriculture.” modern, manufacturing industries, or other non-oil natural resources, which will be supported by important legislation under the name (Economic Reform Law), which has made its way to the House of Representatives.”

He added, “The national strategic objectives for the development of the private sector, whose paths will be launched from the decisions of the Private Sector Council soon, have taken into account the contribution of the national market to the gross domestic product to more than 55% of the composition of the country’s national income in the coming years, instead of its current percentage, which is By about 37%.

He pointed out, “This will be achieved through the state’s support for investment in private sector projects themselves, especially those that operate jobs and generate value-added chains on a large scale, as well as the launch of partnership projects in manufacturing industries, in addition to the state’s financial support for them with sovereign guarantees that are consistent with Iraq’s entry into the industrial age.” "Modern digital technology, in accordance with the requirements and principles of accelerating economic growth, is a strategy that will be included in the national development plan for the next five years."     https://www.mawazin.net/Details.aspx?jimare=240831

Appointment of administrative positions in exchange companies under categories (A, B)  
January 22, 2024    :diamonds: In light of the supervisory role of this bank and in order to simplify work procedures, the following was decided.. For more, click here     https://cbi.iq/static/uploads/up/file-170590198913478.pdf
 
https://cbi.iq/news/view/2504

With A Growth Rate Of 150%... Taxes Announce An Increase In Their Revenues To More Than 4 Trillion

  Money  and business  Economy News – Baghdad   The General Tax Authority announced, on Thursday, that its revenues had risen to 4 trillion and 500 million dinars within 8 months, while indicating a high growth rate of 150 percent.

The Director General of the Authority, Ali Waad Allawi, said in a statement reported by the official news agency, and seen by Al-Iqtisad News, that

“the Authority contributed to implementing a small part of the electronic system, namely the POS electronic payment sections,” stressing that  “implementing this step contributed to It increased the financial revenues of the Authority and reduced the rates of corruption and cases of extortion.”

 Allawi pointed out,   “The amount of tax revenues was previously approximately 2 trillion and 700 million dinars, but  since we took over the authority in March 2023, and until November, the revenues amounted to 4 trillion and 500 million.”

 He continued,  "There is a high growth rate of up to 150 percent, due to the authority's commitment to the instructions and the correct implementation of the POS electronic payment system."

 211 views  01/18/2024 - https://economy-news.net/content.php?id=39580

The Iraqi Government Is Developing A Plan To Activate Non-Oil Resources

 January 22, 2024Last updated: January 22, 2024  The Independent/- The financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed today, Monday, the contents of the government’s vision to activate non-oil resources in Iraq, stressing that the Prime Minister will be the basic nucleus of the strategic partnership between the state and the private sector.

Saleh said, in a statement to the official agency and its independent affiliate, that

“Prime Minister Muhammad Shiaa Al-Sudani’s presidency of the Private Sector Council will be the basic nucleus for launching the principle of strategic partnership between the state and the private sector,  with the aim of activating the country’s human and material resources and on foundations that serve the renaissance of Iraq.”

In diversifying its sources of national income, whether in modern agriculture,  manufacturing industries, or  other non-oil natural resources,

which will be supported by important legislation under the name (Economic Reform Law), which has made its way to the House of Representatives.”

He added, “The national strategic objectives for the development of the private sector, whose paths will be launched from the decisions of the Private Sector Council soon, have taken into account the contribution of the national market to the gross domestic product to more than 55% of the composition of the country’s national income in the coming years, instead of its current percentage, which is By about 37%.”

He pointed out, “This will be achieved through the state’s support for investment in private sector projects themselves, especially those that operate jobs and generate value-added chains on a large scale, as well as the  launch of partnership projects in manufacturing industries, in addition to the

state’s financial support for them with sovereign guarantees that are consistent with Iraq’s entry into the industrial age.”

“Modern digital technology, in accordance with the requirements and principles of accelerating economic growth, is a strategy that will be included in the national development plan for the next five years.”

The importance of partnership between the state and the private sector

The partnership between the state and the private sector is one of the most important pillars of economic development in any country, as it enables the state to benefit from the resources and expertise available in the private sector, and it also helps the private sector access the markets and financial resources it needs.

In the case of Iraq, the partnership between the state and the private sector is necessary to diversify sources of national income and achieve sustainable economic growth. As Iraq relies heavily on oil as a source of income, which makes it vulnerable to external risks, such as oil price fluctuations.

Through this partnership, the Iraqi government aims to achieve the following goals:

    Increasing the private sector's contribution to the gross domestic product.

    Providing job opportunities and improving the standard of living for citizens.

    Promoting sustainable economic development.

Axes of partnership between the state and the private sector

The partnership between the state and the private sector in Iraq focuses on the following areas:

    Modern agriculture: through state support for agricultural projects, such as irrigation and smart agriculture projects.

    Transforming industries: through state support for industrial projects, such as food industry projects and pharmaceutical industries.

    Other non-oil natural resources: through state support for projects that exploit natural resources other than oil, such as renewable energy projects and tourism projects.

Economic Reform Law

The Economic Reform Law is one of the most important pieces of legislation that supports the partnership between the state and the private sector in Iraq. This law aims to provide the necessary legal and regulatory environment to promote investment in Iraq.

The Economic Reform Law includes a set of measures that are in the interest of the private sector, such as:

    Facilitating investment procedures.

    Protecting investors' rights.

    Providing financial and institutional support for investment projects.

Expectations

The partnership between the state and the private sector in Iraq is expected to achieve a set of positive results, such as:

     Increase investments in Iraq.

    Creating new job opportunities.

    Promoting sustainable economic growth.

 But to achieve these results, the Iraqi government must develop a clear strategy for partnership between the state and the private sector, and provide the legal and regulatory environment necessary for the success of this partnership.  https://mustaqila.com/الحكومة-العراقية-تضع-خطة-لتفعيل-الموا/

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

Provoking Points To Ponder on Adversity:

Hope begins in the dark, the stubborn hope that if you just show up and try to do the right thing, the dawn will come. You wait and watch and work: you don't give up.  - Anne Lamott

Truth, like the burgeoning of a bulb under the soil, however deeply sown, will make its way to the light.  - Ellis Peters

Flowers grow out of dark moments.  - Corita Kent

I have brightness in my soul, which strains toward Heaven. I am like a bird!  - Jenny Lind

When it is dark enough, you can see the stars.  - Charles A. Beard

All sorts of spiritual gifts come through privations, if they are accepted.  - Janet Erskine Stuart

There is nothing the body suffers which the soul may not profit by.  - George Meredith

 Famous Quotes and Authors, Famous Quotations for all Occasions-

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

 Famous Quotes and Authors, Famous Quotations for all Occasions-

Goldilocks' Comments and Global Economic News Monday Evening 1-22-24

Goldilocks' Comments and Global Economic News Monday Evening 1-22-24

Good Evening Dinar Recaps,

"Digital Assets Set to Disrupt Dollar Dominance"

Bitcoin, the growth of Stablecoins, and Central Bank Digital Currencies are expected to chip at the dollar dominance this year.

These disruptions will cause a recalculation and a refactoring of the dollar value in relation to other currencies around the world.

Price pressures on these new assets will begin to formulate new patterns and support levels for these new assets, and this is when you start to see the markets begin to price in new valuations.

We will be monitoring these changes as they take place.

© Goldilocks

https://www.cryptotimes.io/digital-assets-set-to-disrupt-dollar-dominance/

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US Virginia State Senator Proposes Bill Protecting Digital Asset Miners and Validators |  Finance Yahoo

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U.S. Senators Unveil Innovative Legislation to Foster Collaboration Against Crypto Crimes

In an effort to navigate the evolving landscape of crypto assets, U.S. Senators Bill Hagerty and Cynthia Lummis have introduced the Preventing Illicit Finance Through Partnership Act of 2024.

The bill, designed to combat the misuse of crypto assets, aims to foster collaboration between federal regulators and the private sector. Senators Hagerty and Lummis, both members of the Senate Banking Committee, emphasize the importance of distinguishing bad actors without stifling the growth of the emerging crypto industry.

The Preventing Illicit Finance Through Partnership Act proposes the establishment of an information-sharing pilot program dedicated to combating the illicit use of crypto assets. The primary focus is on enhancing communication between federal law enforcement agencies and private companies, allowing regulators to gain insights into the crypto world and identify and eliminate bad actors.
Thecurrencyanalytics 

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Sebi to use in-house developed generative AI tool to clear IPO applications

Markets regulator Sebi will be using a generative AI tool, which has been developed in-house, to clear IPO applications on time, as it has been found to be effective in cutting the time lag massively.  

"One of our junior officers in the tech team has just developed a generative AI tool that can check the various compliances in the LODR (listing obligations and disclosure requirements) in no time.  

"So, we want to deploy this and within the next few months, hopefully as much as 80 per cent of the LODR compliance checks in DRHPs, which are done manually now, will be automated using this tool," its chairperson Madhabi Puri Buch said here on Friday while addressing an event organised by investment bankers lobby AIBI.  Business-Standard 

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"BRICS Poses A Threat To America’s Ability To Weaponize The Dollar To Sanction Nations"

We talked about this a while back. There will be a need to have a governing body to oversee countries not being compliant under the new guidelines of the new digital economy.

AI and smart contracts will capture a great deal of compliance issues, but the need to govern these mechanisms is still in process.

Actions are being taken through several countries to govern their AI mechanisms.

© Goldilocks

Bitcoinik Link
AI Accelerator Institute Link 

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Navigating the financial landscape: Trends reshaping banking for SMEs in 2024 | Daily Herald 

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The world’s crypto user base crossed half a billion in 2023 – Crypto.com |  Page One 

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Institutional money is beginning to create new price pressures on digital assets.

These will be priced into the market.

© Goldilocks

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I am aware that a lot of you would like to see this become more than just a read-only room, but there are dangers in doing that for you.

One is that you become prey for those who want to take your information out of this room for their own selfish intentions. You will not go on my email list for any reason. I do plan on creating a history book from these articles, so I have purposefully used factual information in this room to help me pull together it's contents into a book. No, you will not go on to my email list even for this book. Just look for the author under the name of Goldilocks, and I will be there.

This is why you see my work copyrighted in this room just for that purpose as instructed by my publisher in protecting my work. You are free to take my information outside of this room to anyone, but the use of any content in this room belongs to my copyrighted material being gathered for the general public to read when this venture is over.

Two, it is tempting to share information that comes out of an opinion rather than actual facts the Government, the Banking System, the Markets, the Legislative process, International Lawyers, and Developers Technical understanding of the new Digital Economy.

This is a read-only room so that people can focus and learn about the new factual economy, so it can clearly help you in the projects you choose to share with your bankers down the road.

I want you to have clarity from this room to the degree it is possible for me and you to understand.

God Bless you my friends.

© Goldilocks

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Message from Isaac today!

"Hello 👋 I will have an update tomorrow , blessings"

Isaac's Telegram Room

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Thank you Dinar Recaps

Iraq Economic News and Points to Ponder Monday Afternoon 1-22-24

Iraq Economic News and Points to Ponder Monday Afternoon 1-22-24

Tlm724 Administrator Bondlady’s Corner

Can Iraqi Banks Provide Foreign Currency Directly? 

Money  and business   Economy News – Baghdad   Advisor to the Association of Private Banks, Qusay Safwan, confirmed today, Monday, that Iraqi banks can currently provide foreign currency directly, indicating that the bank does not have the right to receive dollar transfer amounts and give them in Iraqi dinars.

Qusay said, “The policy of the Central Bank has moved from providing the dollar through import by the Central Bank to Iraqi banks,” according to the Rudaw Media Network.

He added, "Iraqi banks, whether private or public, have a section of customers who obtain income through state partnerships or contracts, and the Central Bank has provided an opportunity for these banks to feed these accounts through banks that carry out the process of transferring funds directly," pointing out that "the banks Iraq is currently able to provide foreign currency directly, because the central bank allowed these banks to buy dollars at the parallel market price.”

He added: "It is also possible to enhance their accounts through the presence of non-oil exports by some companies and individuals and feeding these accounts with dollars. These banks can have a dollar balance on hand from which they can feed these accounts, and then carry out the import process so that the owner of this... Account in foreign currency on a regular basis.

Safwan explained that “a portion of the banks had dollar accounts for some customers that they disposed of. As you know, banks receive deposits and grant credit, and a portion of these banks had dollar products that were included in dollar financing. When the Central Bank converted the contract formula to the Iraqi dinar, The installments recovered from the parties granting credit have become dinar accounts.”

While he pointed out that “the Central Bank addressed this issue by allowing these banks to import dollars from abroad”; He noted that "gradually the Iraqi market will turn to the dinar," stressing that "the bank has no right to receive dollar transfer amounts and give them in Iraqi dinars."

The economist added, “The Central Bank now allows merchants to export and import foreign currency at a value of 40% of exports, and this percentage represents a large amount whose owner can withdraw foreign currency and resell it to the same bank at the parallel market price, so that there is a sustainable process of obtaining the dollar.”

Qusay pointed out that “there is supposed to be a legal system governing Iraqi banks, that the currency that enters the account is dollars, and therefore its owner has the right to withdraw this dollar currency at the same value and is not forced to convert it to another currency,” pointing out that “a portion of Iraqi banks It has dinar deposits and wants to have investment portfolios in different countries, to obtain returns from them through what was known as overnight investment.”

96 views 01/22/2024 - https://economy-news.net/content.php?id=39695

The US Treasury Imposes Sanctions On Iraqi Figures Accused Of Supporting Iran

Political |  01/22/2024   Mawazine News – Baghdad   The US Treasury Department included, on Monday, the head of the Parliamentary Rights Movement, Representative Hussein Munis, on the sanctions list.

The sanctions included the leader of the Popular Mobilization Forces, Salah al-Maksusi, as well as the Fly Baghdad airline company.   At the end of last year, the US Treasury Department imposed sanctions on the Secretary-General of the Sayyed al-Shuhada Brigades, Abu Alaa al-Wala’i, and a number of leaders in the Popular Mobilization Forces.   https://www.mawazin.net/Details.aspx?jimare=240860

Al-Rafidain Announces The Offering Of The Third Issue Of Emaar Bonds

Economy News _ Baghdad   Today, Monday, Rafidain Bank announced the offering of the third issue of (Emaar bonds).   The bank said in a statement received by Al-Eqtisad News, “In a step to enhance the investment aspect and in line with the directives of the Ministry of Finance, we announce the offering of the third issuance (Emaar bonds) for sale to citizens until January 30, 2024, and with the same previous mechanism for the first and second issues.”

He added, "The bonds will be available in two categories:

- A 500,000 dinar bond with an annual interest rate of 6 percent paid every six months for two years.

- A 1,000,000 dinar bond with an annual interest rate of 8 percent paid every six months for a period of four years.

The bank confirmed that “the person Anyone wishing to purchase bonds must submit a direct request to the bank, bringing with him the original identification documents,” explaining that “the buyer will be given a receipt by the bank in exchange for the amount he paid to purchase the bond. The buyer will keep this receipt until the bond is prepared, and the buyer will bring the aforementioned receipt to the bank.” To receive the bond after it is prepared.”

He stated that “bond trading takes place in the stock market, buying and selling. In addition, the bond’s statute of limitations is 10 years after maturity, and then it is transferred to the Ministry of Finance,” pointing out that “purchasing and trading of the bonds offered (Emaar bonds) Exempt from taxes according to what was stated in Federal Budget Law No. 13 of 2023.”

Views 51  01/22/2024 - https://economy-news.net/content.php?id=39690

Parliamentary Finance Reveals The Most Prominent Amendments That Will Be Made To The 2024 Budget

Money  and business  Economy News – Baghdad  Today, Monday, the Parliamentary Finance Committee revealed the amendments that will be made by the government to the 2024 budget tables, noting that the variables in the 2024 budget tables will be sent to Parliament next month for approval.

Committee member, Moeen Al-Kadhimi, said in a statement followed by Al-Eqtisad News, that “the Finance Committee met yesterday, Sunday, with the Minister of Finance, in which many topics were discussed related to the changes that will be made in the 2024 budget tables.”

He added, "The most important variables are an increase in the allocations for rations, social care, and allocations for purchasing rice and wheat from farmers, in addition to an increase in allocations related to the electricity sector and the costs of oil production."

Al-Kadhimi indicated that “the amendments to the 2024 budget will be submitted to the House of Representatives next month for approval.”  https://economy-news.net/content.php?id=39699

Oil Prices Fell For The Second Day In A Row

Monday 22, January 2024 | Economical Number of readings: 300  Baghdad / NINA / Oil prices fell, today, Monday, for the second day in a row, under pressure from global demand expectations and their impact outweighing geopolitical concerns in the Middle East and an attack on a Russian fuel export station at the weekend.

The price of Brent crude fell 41 cents, equivalent to 0.5 percent, to $78.15 per barrel after falling 54 cents upon settlement on Friday, and West Texas Intermediate crude futures contracts for the nearest February delivery contract fell two years, to $73.39 per barrel.

The most active March contracts for West Texas Intermediate crude recorded $72.95 per barrel, down 30 cents./End 9   https://ninanews.com/Website/News/Details?key=1102391

Government And Central Bank Meetings In Davos To Shorten The Time Towards Financial And Banking Reform

Economy News – Baghdad   Samir Al-Nusairi  On the sidelines of the Davos Forum in its 54th session held in Switzerland last week, Mr. Prime Minister, his accompanying delegation, and Mr. Governor of the Central Bank continued to hold meetings, understandings, and negotiations with the World Bank, the International Monetary Fund, the President of the European Bank for Reconstruction, the American bank, J.P. Morgan, and international financial institutions, with the aim of accelerating the procedures that... It is implemented by the government in cooperation with the Central Bank towards achieving financial and banking reform.

In implementation of what was stated in the twelve axis of the government curriculum (financial and banking), in which the government’s program for the financial and banking sector was determined and strategic policies and procedures were drawn up in paragraphs (1-7).

To restructure the general budget, manage public money, reduce the pressure on consumer spending in favor of projects and programs for sustainable development, and pressure public debt to a minimum, and limit external borrowing to investment and service projects. The borrower will repay the loan from the project’s revenues, and establish the Iraq Fund for Development and include it in the general budget in 2023.

Controlling border crossings, reforming the tax and public sector systems, maximizing revenues for economic productive sectors other than oil, and reaching 20% ​​in budget revenues over the next 3 years. The primary and important goal is to reform the banking and private sector in accordance with what was stated in Paragraph (7), which considers financial and banking reform to be the beginning of reform.

A successful economy, with a focus on structuring and empowering government banks, reconsidering their work, and empowering private banks to be able to truly support investment and development.

In fact, the government and the Central Bank have initiated contractual and negotiating procedures with the international auditing and consulting firm Ernst & Young, under the direct supervision and follow-up of the Prime Minister, and his emphasis on the company’s global programs being applicable and different from previous experiences, in a way that ensures achieving the goal according to the time period planned for project completion. Completely.

And the meeting with the CEO of the American bank JP Morgan on the sidelines of the Davos Forum held in Switzerland and asking him to cooperate with the Central Bank and banks to open accounts for Iraqi banks to organize financing of foreign trade and help accelerate digital transformation applications and the use of electronic payment technologies, in addition to the close follow-up of the Minister of Finance and the Governor of the Bank. Iraqi Central Bank.

With regard to banking reform, the Central Bank made great efforts to implement what was stated in the government curriculum in the face of the challenges facing the reform process, as the regulation of foreign trade financing and digital transformation in the banking sector were achieved in 2023, the near launch of a national lending strategy, and the establishment of a Riyada Bank to finance small and medium enterprises, and work continues to reduce... Fluctuation of the exchange rate of the cash dollar in the parallel market. In general, the Central Bank’s plans aim to achieve my goals:

First - Developing and reclassifying the Iraqi banking system, enhancing citizens’ confidence in it, and providing financial solvency that enables it to meet requests quickly and when required.

2-Transforming banks to their primary function, which is lending for sustainable development.

3- Banks that do not provide loans and banking facilities that help in development lose their meaning as banks, which requires a specific stance towards them from the Central Bank.

4- Banks are the lever of development and the importance of the Ministry of Finance and the Central Bank to support banks, develop their functions, and rely on their own capabilities in dealing with reputable global correspondent banks and to be regulated in the global banking system in accordance with international standards and to obtain internationally accredited classification.

5- Withdrawing funds that are outside the banking cycle and entering them into the banking system by providing comprehensive banking products and services to customers without delay, smoothly, easily and transparently.

All of the above objectives, although the period specified for their implementation according to the government timetable ranges between (1-4) years, the strategy of the government and the Central Bank for the year 2024 will shorten the time and achieve most of the above objectives.

There are banks that are moving towards the required development, banks that still need an additional period of time to achieve their goals, and there are troubled banks that are now making exceptional efforts from the central bank and the departments of these banks to rehabilitate them.

What concerns us here is the real functional role of banks in providing loans and banking facilities and the transition from the banking role to the developmental role. There are two important observations that must be taken into consideration with regard to providing loans and banking facilities to stimulate the economy.

First: The nature of the banks’ activities depends on the nature of the activities of the economic sectors, and that the economic activity is concentrated in foreign trade (imports), so it requires controlling imports, supporting the local product, and supporting the private industrial sector, which the government is currently working to promote with calculated executive measures and with the cooperation of all other sectors.

Second: It is necessary to provide a legal environment and extend the authority of the law in order to eliminate the phenomenon of defaulting on loans by making legislative amendments and treating private sector debts in the same manner as government sector debts as premium debts that must be repaid, which will help expand the private banking sector by granting all types of bank financing. .

The other important thing is the transition of the government and private banking sector to a solid and developed economic sector that is committed to international regulations, rules and standards for compliance, anti-money laundering, financial reporting and risk management, and thus to truly be a lever for development.

Contributing to stimulating the economic cycle by activating and supporting financing for small and medium enterprises and large development projects, through which the building of a solid national economy and sustainable development is achieved that ultimately serves the Iraqi people and their aspirations for a better life.

This means that each government or private bank must have a plan with specific goals for the four years specified in the government curriculum and under the supervision and follow-up of the Central Bank in the areas of development of payment systems and modern banking technologies, the transition from dealing in cash to dealing with modern electronic payment methods in accordance with international standards, and the presentation of new banking products to stimulate inclusion.

Financial capacity building, training and qualification of human resources, achieving the goal of investing in human capital and developing the structural structure of the banking sector.

Banks also pay attention to applying financial stability standards, which are financial safety indicators such as the capital adequacy ratio, the liquidity ratio, and the profitability ratio such as the ratio of profit and net profit to capital, the ratio of return on assets, the ratio of return on shareholders’ equity, the ratio of activity costs, financial leverage, and the ratio of investment of funds, in addition to adopting indicators to measure efficiency. the performance. 01/21/2024 - https://economy-news.net/content.php?id=39640

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

Provoking Points To Ponder on Adversity:

In victory even the cowardly like to boast, while in adverse times even the brave are discredited.  - Sallust

Adversity is sometimes hard upon a man; but for one man who can stand prosperity, there are a hundred that will stand adversity.  - Thomas Carlyle

Some knowledge and some song and some beauty must be kept for those days before the world again plunges into darkness.  - Marion Zimmer Bradley

There is not enough darkness in all the world to put out the light of even one small candle.  - Robert Alden

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

 Famous Quotes and Authors, Famous Quotations for all Occasions-

Goldilocks' Comments and Global Economic News Monday AM 1-22-24

Goldilocks' Comments and Global Economic News Monday AM 1-22-24

Good morning Dinar Recaps,

"SEC Updates Digital Token Regulations and Asset Custodial Services"

The Securities and Exchange Commission has updated some rules to governing digital tokens and digital asset custodial services.

Key Changes:

* lifting investment restrictions on certain digital tokens

* establishment of criteria for businesses that provide custodial wallet services

* required to seek permission prior to engaging in other business activities

* SEC has also made more noticeable service standards

These took effect on January the 16th, 2024. It shows a commitment to move forward with the new Digital Asset Based Trading System by the SEC.

© Goldilocks

BNN Breaking

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🔴 BRICS DILEMMA: Saudi Arabia Sends Mixed Messages On BRICS, Deletes Media Reports of It Joining

https://youtu.be/9iW8pyZ2KIU?feature=shared

👆  Goldilocks pointed to this article

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China and Russia test ‘hack-proof’ quantum communication link for BRICS countries

Scientists in Russia and China have established quantum communication encrypted with the help of secure keys transmitted by China’s quantum satellite, showing that a Brics quantum communication network may be technically feasible.

The scientists were able to span 3,800km (2,360 miles) between a ground station close to Moscow and another near Urumqi in China’s western Xinjiang region to send two encoded images secured by quantum keys.   SCMP Link

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US bank regulator: new liquidity rules needed to handle bank runs

Jan 18 (Reuters) - A top U.S. banking regulator on Thursday called for new liquidity rules to help lenders respond to runs by depositors of the kind that felled Silicon Valley Bank and other mid-size banks last year.

"I believe a new targeted regulatory requirement for mid-size and large banks to have sufficient liquidity to cover stress outflows over a five-day period warrants serious consideration," Acting Comptroller of the Currency Michael Hsu said, according to a copy of prepared remarks.

Hsu's remarks were the latest sign that regulators are continuing to tinker with the rule book after a spate of bank failures in the spring of 2023. (Reporting by Douglas Gillison; Editing by Chizu Nomiyama)

https://finance.yahoo.com/news/us-bank-regulator-liquidity-rules-143000226.html

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"Tidbits From TNT" Monday 1-22-2024

TNT:

Tishwash:  Parliamentary Finance reveals the most prominent amendments that will be made to the 2024 budget

Today, Monday, the Parliamentary Finance Committee revealed the amendments that will be made by the government to the 2024 budget tables, noting that the variables in the 2024 budget tables will be sent to Parliament next month for approval.

Committee member, Moeen Al-Kadhimi, said in a statement followed by Al-Eqtisad News, that “the Finance Committee met yesterday, Sunday, with the Minister of Finance, in which many topics were discussed related to the changes that will be made in the 2024 budget tables.”

He added, "The most important variables are an increase in the allocations for rations, social care, and allocations for purchasing rice and wheat from farmers, in addition to an increase in allocations related to the electricity sector and the costs of oil production."

Al-Kadhimi indicated that “the amendments to the 2024 budget will be submitted to the House of Representatives next month for approval.”   link

CandyKisses:  Sudani: Victory over ISIS necessitates changing the mission of the international coalition

Information/BaghdadPrime Minister Mohammed Shia al-Sudani stressed on Monday his rejection of any aggression on Iraqi soil or prejudice to its autonomy, while pointing out that the reason for the expansion of the conflict in the region is due to the continuation of the war in Gaza.

The media office of the Prime Minister, in a statement received by the information, that "Sudanese, received today the Dutch Minister of Defense Casey Olonggreen and her accompanying delegation."He added that "during the meeting, they discussed bilateral relations between the two countries, and ways to enhance cooperation in all fields, as well as the joint files that will be discussed during the Prime Minister's visit to the Netherlands, based on the official invitation submitted by the Dutch Prime Minister."

The prime minister praised "the efforts of the Netherlands in helping Iraq during its war against terrorism, within NATO," stressing his rejection of "any aggression on the territory of Iraq or prejudice to its autonomy."He renewed "the government's commitment to providing protection for diplomatic missions and advisors working in Iraq," pointing to "the government's decision to rearrange the relationship with the international coalition and move to another level of bilateral relations and cooperation with the coalition countries."

The Prime Minister stressed that "the reason for the expansion of the conflict in the region is due to the continuation of the war in Gaza and the brutal crimes committed by the occupation authorities against the Palestinian people," calling on "the international community to exert Pressure to stop genocide and policies of killing and starvation, as well as pressure to limit the opening of other fronts that lead to destabilization in the region and the world.

"For her part, Olonggren expressed her thanks "for the efforts of the Prime Minister in maintaining security and stability, and activating the good relations between Iraq and the Netherlands."

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

CandyKissses:  A scandal of high caliber. UN staff in Iraq took bribes to help businessmen

Baghdad Today - Follow-up

An investigation conducted by the British newspaper The Guardian revealed on Monday (January 22, 2024) that employees working for the United Nations in Iraq are demanding bribes to help businessmen win contracts in post-war reconstruction projects in the country, noting that United Nations employees Required 15% of the value of contracts.

The alleged commissions are one of a number of allegations of corruption and mismanagement revealed by The Guardian at the Stabilization Financing Facility, a $1.5 billion UNDP scheme launched in 2015 from more than 30 donors.

Interviews with more than two dozen current and former UN staff, contractors and Iraqi and Western officials suggest that the UN is nurturing the culture of bribery that has permeated Iraqi society since the overthrow of Saddam Hussein in 2003.

The Guardian found that "UNDP staff demanded bribes of up to 15 per cent of the contract value, according to three staff members and four contractors," and in return, the employee helps the contractor navigate the UNDP's complex bidding system to ensure that the vetting process passes.

The newspaper quoted one of the contractors, saying that "no one can get a contract without paying, and there is nothing in this country that you can get without paying, neither from the government nor from the United Nations Development Program," noting that " UNDP employees contacted them asking for bribes."

One UNDP staff member said the deals were made in person rather than on paper to avoid being discovered, with influential Iraqis sometimes acting as guarantors, noting that "the third party also takes a share of the bribes," adding that contractors "will choose people with connections and power."

Government officials entrusted by UNDP with supervision of construction projects are allegedly also receiving a share.

Contractors and UNDP staff who oversaw the projects explained that officials used that power to "extort" to obtain bribes from companies in exchange for signing projects completed, with two contractors tellingThe Guardianthat they were forced to make such payments.

The interviewees, many of whom spoke on the condition of anonymity for fear of retaliation, said the program had seen unwarranted expansion and extension that mostly preserved the UNDP footprint while relieving the Iraqi government of its own obligations to rebuild the country.

The newspaper also indicates that most of those interviewed described the training and workshops run by the United Nations Development Program within the framework of these initiatives as "trivial" and "lacking strategic coherence."

The Guardian was told that the sessions were attended by government officials and community members mostly to enjoy a free trip and cash in, with one former staff member saying: "UNDP just wants to burn money and show donors that they are doing workshops."

A former staff member described the UNDP Livelihood Initiative to teach displaced women to sew as "unrealistic" because Iraqis tend to buy cheap imported clothes from local markets: "They were trying to create an economy that doesn't exist." "It was like going back to the Middle Ages," they added.

UNDP said initiatives such as skills training were developed based on community needs and in full consultation with local authorities or community leaders.

Donors have appreciated the difficulty of tracking how their funding is and relying on UNDP to carry out monitoring and evaluation through an internal unit that the agency described as "fully independent", even though it is managed by UNDP.

Five interviewees familiar with the UNDP reported they did not reflect the reality on the ground.

One consultant who conducted an external audit of another UNDP program said: "A lot of these documents are mostly for PR purposes, when you actually go to these districts and sit down with the beneficiaries of these funds and actually look at the projects, it's very different from what you imagine by reading these reports."

Isolated behind concrete walls and allowed only limited field visits due to strict security protocol, embassy staff appear to lack the means to challenge the information, with a Western official noting, "Everyone only stays for two years, and when they find out, they leave " " "That's how these programs continue year after year."

Responding to the Guardian's request for comment, an advisor to the Iraqi prime minister, Mohammed Shia al-Sudani, said that if allegations of corruption at the UNDP and the involvement of government agencies were proven to be true, legal action would be taken. .

Farhad Aladdin added, "We will communicate with the highest authorities in the United Nations to discuss the details of these allegations, investigate them and refer those involved in corruption to the competent authorities." We will also review all programs to find out the truth."

Mot:  SSiiiiiigggggggghhhhhhhhhhhh 

Mot:…SiiiIIIggggghhhhhhh again

Goldilocks' Comments and Global Economic News Sunday Evening 1-21-24

Goldilocks' Comments and Global Economic News Sunday Evening 1-21-24

Good evening Dinar Recaps,

"When you trade FX forwards, you are agreeing to trade a currency pair at a set price on a set date in the future. This means you intend to buy one currency (base currency) and sell another (quote currency)at a predetermined price because you believe one of the currencies will strengthen against the other by a specific date."

Here we have it. It looks like traders are anticipating currency changes.

Let's look at a couple of reports:
1. "CLS REPORTS METEORIC 67.8% SURGE IN FX FORWARDS TRADING"

2. "CLS has reported a significant uptick in foreign exchange trading activity for December 2023."

This is a huge shift for traders. Most traders stay away from Forex opportunities because there is far more to be made in the rest of the market.

Something is changing to create this kind of shift in the minds of investors who usually stay away from this sector of the market.   Finance Feeds    IG Link

© Goldilocks

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In an era defined by rapid technological advancements, the logistics industry is experiencing a transformative shift through the integration of digital solutions.

Digital freight forwarding, a cutting-edge approach to managing and optimising cargo transportation, is proving to be a game-changer for businesses worldwide. 

Talk Business Link
The GWW Link
Forbes Link
Seatrade Maritime Link
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SEC Publishes Risk Alert: Observations Related to Security-Based Swap Dealers.

On January 10, the SEC’s Division of Examination published a Risk Alert presenting examination and outreach observations concerning compliance with rules applicable to security-based swap dealers.

The SEC stated that in sharing these observations, the Division seeks to remind security-based swap dealers of their obligations under relevant security-based swap rules and encourage security-based swap dealers to consider improvements in their compliance programs, as may be appropriate, to further compliance with Exchange Act requirements.

The Risk Alert presents observations in the following areas:

(1) reporting of security-based swap transactions and correction of reporting errors;

(2) business conduct standards;

(3) security-based swap trading relationship documentation and portfolio reconciliation; and

(4) recordkeeping.  

Gibson Dunn Link      JDSupra Link

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Ten spot bitcoin ETFs launched on Jan. 11.

Eight days later, two funds have distinguished themselves in terms of net inflows: BlackRock’s iShares Bitcoin Trust (IBIT) and Fidelity Investments’ Wise Origin Bitcoin Fund (FBTC).

While the BlackRock offering reached $1 billion in assets after four days of trading, Fidelity’s fund hit the milestone on its fifth trading day.     BlockWorks Link

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For the last 15 years, people have been spending their money on Bitcoin and other cryptocurrencies. This has led to a significant rise in money leaving the banking system.

Bringing Bitcoin into the markets and soon other tokenized assets backed by a real value such as gold will add value to our assets and banking system that supports these new digitized portfolios.

Currently, money is coming back to the banks through a new digital asset-based trading system with spot Bitcoin ETF being the first to step into the game.

The difference is going to be in the area of our new virtual assets having a real-world value going forward with the ability for AI and crypto networks to standardize the protocols inside our banking system under a fixed value of gold and other commodities.

This move from a fiat-based debt system to a sound money system gives the new QFS real numbers to work with in computing trades between countries and Cross-border International Trading and Bank the Bank transfers.

Standard protocols will provide security and efficiency and the ability to move our money at the push of a button.     Investopedia Link

© Goldilocks

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Amid Collapsed Demand for Existing Homes, Prices Drop Further, Supply Highest for any December since 2018, New Listings Come out of the Woodwork | Wolf Street

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Africa stuck in debt trap as restructuring efforts continue - Business News

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Watch the Debt Clock at 6pm ET tonight!   A Secret Message appears every Sunday, Tuesday, and Thursday at 6pm ET.   Join the discussions in the Living Room as we try to decode the message!

Discussions ON THE DEBT CLOCK Topic begin at 6pm ET
Join in the fun with your decoding ideas.
While the Debt Clock topic is being discussed please stay on topic. Off-topic comments during this time are subject to being removed. Thank you   The Living Room Link    The Debt Clock Link 

The Debt Clock on the SOWT Website Link

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"Breaking: US Banks Adopt Ripple’s XRP for International Payments" | ZA Investing

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