Goldilocks' Comments and Global Economic News Thursday Evening 1-25-24

Goldilocks' Comments and Global Economic News Thursday Evening 1-25-24

Good evening Dinar Recaps,

We are approaching a sink-or-swim situation. The Banking System has prepared well for the up-and-coming volatility inside the markets and banking system with new capital requirements to minimize many of the fluctuations that are about to come our way in every sector of the market.

New Tokenized Assets are creating new Protocols and opportunities to bring in money spent outside of the banking system. These new assets will be governed through artificial intelligence in many cases capable of helping investors navigate through the new landscape of the new digital economy.

As these forces are brought together, price distortions will come into the new financial system seeking new algorithmic support levels. It will be the new support levels that will determine new prices on the road ahead of us as Global Markets begin to transition into a Global Currency Reset capable of measuring and controlling these new rates through new Quantum Technologies.

© Goldilocks

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SEC opens comment period on proposal that would allow options trading on BlackRock's spot bitcoin ETF | The Block

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Fintech, Including Crypto, Is Reshaping How Funds Flow Worldwide |  Forbes

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XRP BANKS CONFIRMED✅ 👀 #xrp #btc #crypto

https://youtube.com/shorts/pduFSdScfRs?feature=shared

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Millions to be left without access to cash as bank branch closures speed up at ‘alarming rate’ | GB News

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INVESTMENT COMPANY ACT OF 1940 Release No. 35097 / January 24, 2024   |  Pdf Link

Release No.:IC-35097 Date: Jan. 24, 2024 Details:
Order Under Section 8(f) of the Investment Company Act of 1940 Declaring that Applicant has Ceased to be an Investment Company

AOG Institutional Diversified Master Fund 811-23765   Order: Rel No. IC-35097
AOG Institutional Diversified Tender Fund 811-23766   Order: Rel No. IC-35098
ASYMmetric ETFs Trust 811-23622   Order: Rel No. IC-35099

BlackRock 2022 Global Income Opportunity Trust 811-23218   Order: Rel No. IC-35100
BlackRock Florida Municipal 2020 Term Trust 811-21184   Order: Rel No. IC-35101
BlackRock Muni New York Intermediate Duration Fund, Inc. 811-21346 Order: Rel No. IC-35102

BlackRock Municipal 2020 Term Trust 811-21181   Order: Rel No. IC-35103
BlackRock New York Municipal Bond Trust 811-21037   Order: Rel No. IC-35104
Cushing Mutual Funds Trust 811-23293   Order: Rel No. IC-35105

Eaton Vance Tax-Managed Buy-Write Strategy Fund 811-22380   Order: Rel No. IC-35106
Goldman Sachs Credit Income Fund 811-23498   Order: Rel No. IC-35107
Invesco BLDRS Index Funds Trust 811-21057   Order: Rel No. IC-35108

Kayne Anderson NextGen Energy & Infrastructure, Inc. 811-22467  Order: Rel No. IC-35109
Mutual of America Variable Insurance Portfolios, Inc. 811-23449  Order: Rel No. IC-35110
Nuveen Corporate Income November 2021 Target Term Fund 811-23075  Order: Rel No. IC-35111

Nuveen Select Tax Free Income Portfolio 2 811-06622    (Order: Rel No. IC-35112 
Nuveen Select Tax Free Income Portfolio 3 811-06693   Order: Rel No. IC-35113

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👆 If you own any of these investments above, you may want to take a look at them. Be sure to read that one page PDF file.

This is not financial advice, you just may simply want to take this to your wealth manager to see if there's anything you need to do with these assets.

Things are changing my friends.

@ Goldilocks

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What is Bitcoin Halving & How Does it Affect BTC's Price? 

"Bitcoin halving events have historically been associated with price increases. This is because the reduced rate of new Bitcoin creation can cause scarcity, potentially driving up demand and, as a result, the price."

Do you see how the timing of this event and why the major players in the game such as Black Rock have invested on the ground floor of this spot Bitcoin ETF opportunity?

Bitcoin tends to be the leader in the digital economy, and those invested in digital assets during this rise will reap the benefits. This includes our new Digital Asset Based Trading System.

Each sector of the market that has transitioned or on their way to transitioning into the new digital economy will experience cause and effects on the decisions being made during this time.

© Goldilocks
AXI Link
Buy Bitcoin

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A critical area that requires reform in the WTO is equity. The current system is often criticised for favouring developed countries over developing countries, leading to an imbalance in global trade relations.    ORF Link

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👆 This is why the WTO has been in economic reforms as of late. Attempts are being made to level the playing field.

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For regulatory and supervisory purposes and in view of the expansion in the work of all licensed electronic payment companies, the following was decided.. https://cbi.iq/news/view/2507

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🔴 BANK RUNS ALERT: European Central Bank Monitors Social Media For Red Flags, Has Liquidity Concerns https://youtu.be/EuBHi8lTj3Q?feature=shared

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Iraq Economic News and Points to Ponder Late Thursday Evening 1-25-24

Iraq Economic News and Points to Ponder Late Thursday Evening 1-25-24

Tlm724 Administrator Bondlady’s Corner

Iraq's Exports Of Oil And Its Products To America Exceed One Million Barrels In 10 Months

Thursday 25, January 2024 18:23 | Economical Number of readings: 331  Baghdad / NINA / The US Energy Information Administration announced on Thursday that Iraqi petroleum products to the United States exceeded one million barrels during ten months of last year.

The administration said in a table that Iraq exported to America from January to October 2023 one million and 113 thousand barrels of petroleum products.

It showed that Iraq's exports of oil derivatives reached their lowest level in the two months of October, when they were 59 thousand barrels, while the highest export rate was in the month of April, when they reached 172 thousand barrels.

The US Energy Information Administration indicated that “Iraqi oil derivatives exports for last year increased by 479 thousand barrels compared to the year 2022, reaching 634 thousand barrels for the same period.”/End 8   https://ninanews.com/Website/News/Details?key=1103095

The US Ambassador In Baghdad Welcomes The Start Of The Work Of The US-Iraqi Supreme Military  Committee

Thursday 25, January 2024 | Political Number of readings: 363  Baghdad / NINA / The US Ambassador to Baghdad, Alina Romanowski, welcomed the start of the work of the US-Iraqi Supreme Military Committee #HMC.

Romanowski said in her tweet: I welcome the start of the work of the US-Iraqi Supreme Military Committee #HMC. This committee builds on previous bilateral discussions and the successes achieved by Iraq’s campaign to defeat ISIS in partnership with @CJTFOIR.

The Ambassador stressed, “The transition to a sustainable bilateral security partnership is important to confirm our continued commitment to supporting the security of the region and Iraq’s sovereignty.”/End 8   https://ninanews.com/Website/News/Details?Key=1103124

An Analytical Economic Vision For The National Security Strategy

Economy News – Baghdad   Samir Al-Nusairi, Advisor to the Association of Banks  introduction

Most of the countries of the world have national security strategies that adopt plans to build stability and community building for their people. The most prominent of these plans are related to ensuring food security, health security, and community security as basic priorities and a method for building a safe, stable, and developed society.

This, by the way, is what was clearly emphasized and referred to by Iraq’s Vision 2030 and the poverty reduction strategy. And the government curricula of all successive governments.

The basis for achieving this is the strength and solidity of the pillars on which the national economy is based, and the economy is the main focus of the national security strategy.

The relationship between the economy and national security

Iraq is currently going through an important and sensitive stage due to the political, security and economic conditions, and it can be identified in particular with regard to political, security and economic variables at the level of countries around the world and at the level of the geographical region, related to instability in global oil prices and the expectation of a new global spread of one of the Corona variants and the global economic recession.

 In addition to the repercussions of the economic reality in Iraq and the great efforts being made by the government for financial and banking reform, regulating trade financing, controlling exchange rate stability, and shifting from a cash economy to a digital economy. The economic reality, according to official data, also indicates a continuation

Unemployment and poverty rates are still higher than economically permissible limits, despite the tireless efforts made by the government a year ago to reduce the above two phenomena.

 All of these challenges led to the government taking effective measures to combat cases of financial and administrative corruption, alleviate the suffering of the Iraqi people from lack of services, and move towards achieving food security by developing the food basket within the ration card, which means that addressing economic problems is the basis and the first link that must be adopted to build the strategy. The decree is for national security in its general sense, which must achieve the basis for the stability and economic development of Iraq.

In addition, what must be taken into consideration is the study and analysis of the confusion that accompanied the process of change after 2003 and the lack of a unified economic vision and methodology for the shape of the new state and how the economic structure should be in it, as confusion between a centralized economy and wishes for a transition to a market economy led to circumstances

 A complex internal situation hindered the development process in Iraq, despite the passage of twenty years of change, and the matter has become more complex and difficult with the changes taking place in the region and the world.

Therefore, we believe that building the foundations of the national security strategy in its comprehensive sense, with a focus on the economic aspect, must result in achieving security, stability, and economic development in a way that contributes to achieving the well-being of society, and that it must be effective and implementable in the current circumstances that Iraq is experiencing.

Therefore, I hope many citizens and from various levels of government Political, economic, university professors, civil society organizations, youth, women, and professionals must contribute to its preparation.

The magnitude of the challenges requires a firm stand by all governmental, political and popular actors in order to protect Iraq and sustain the construction of its economy according to the realistic data that is below the level of everyone’s attention.

Therefore, we see beyond doubt that the economic reforms announced by the Prime Minister in the government curriculum, in accordance with the axes concerned with security and the economy, must Adopting it as an economic strategy to achieve national security focuses on Article 25 of the Constitution and other articles related to the state guaranteeing security and a decent life for the individual and the family and ensuring social justice among all classes and sects of the Iraqi people.

This strategy must also include a realistic application of the axes of the government program in its economic and security dimension and most importantly. From that claims

Legitimate efforts to eliminate financial and administrative corruption, address unemployment and poverty, and return Iraq’s money stolen from the corrupt.

Basic economic principles of the national security strategy

1- The sovereignty, integrity and territorial integrity of Iraq.

2- Building a sound national economy with multiple resources.

3- The private sector plays the pivotal role in leading the market.

4- Providing food, medicine, environmental, and social security for citizens

5- Securing a decent life for the individual and the family.

6-Reform and develop the financial and banking sector and increase its contribution to economic development.

7- The state guarantees social justice for citizens.

8- Reform and develop good governance institutions to provide the best services to citizens.

9-Information security and transparency in economic data and indicators.

Future senators 

We note through the analysis of the basic and economic principles above that building a sound economy, which with its final results achieves prosperity and well-being for society, is the basis for building a national security strategy that goes beyond protecting internal security to protecting the homeland and ensuring its safety from external enemies.

 Therefore, we affirm here that strengthening national security at home and abroad requires All relevant governmental and political parties, the private sector, and economic experts study, discuss, and analyze the challenges and reform measures for a secure Iraq and a strong economy.

 Therefore, we propose the following:

First: Accelerating and activating the implementation of the axes mentioned in the government curriculum by developing executive and applied policies and mechanisms that shorten the time to develop productive economic sectors and diversify sources of non-oil revenues in directions that achieve what is stated in these axes in their detailed aspects, and setting a time limit for the implementation of each article of the aforementioned axes. To it above. Not exceeding 3 years.

Secondly, the government forms the Supreme Council for Economic Affairs, which consists of experts from the government and the private sector, in order to carry out economic reform, the first step of which is banking reform, in a way that enhances the role of the Central Bank of Iraq and the ministries concerned with economic affairs (finance, agriculture, industry, planning, oil, and electricity), in a way that enhances effective coordination.

And harmony between fiscal and monetary policies and to replace the Ministerial Council for the Economy and the Economic Reform Cell.

Third: Activate and establish executive mechanisms for economic reform procedures by supporting, developing and involving the private sector in economic decision-making, legislatively and institutionally, by activating the Private Sector Development Council in accordance with the vision of the Private Sector Development Strategy (2014-2030) prepared by the relevant expert committees in the Council of Ministers with the United Nations Development Programme.

Fourth: United Nations, focusing on what was covered in its three stages and actually starting to implement it, setting time limits for putting it into effect, and determining the elements of implementation, taking into account the circumstances that Iraq is currently going through, and forming an advisory body affiliated with the Council from advisors to organizations and private sector federations that are members of the Council.

Fourth - Motivating banks to truly work by expanding banking financing in accordance with the Central Bank’s initiatives to finance small, medium, housing and investment projects, and activating, applying and defining flexible mechanisms and instructions for implementation,

while setting clear foundations that guarantee the transparency of data and entities that have been lent by government and private banks, and establishing proactive oversight during implementation and after implementation. The entities benefiting from these loans should serve the central goal of allocating them to accelerate the economic cycle, reduce unemployment, develop small and medium enterprises, and contribute to development.  01/25/2024 - https://economy-news.net/content.php?id=39809

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

Top 100 Inspirational Quotes  Compiled By Kevin Kruse 

 Inspirational quotes and motivational quotes have the power to get us through a bad week, and can even  give us the courage to pursue our life’s dreams.  In my book, 4 Keys to Happiness and Fulfillment at Work, By Kevin Kruse, I share surprising research into the true triggers of workplace motivation.

 So in the spirit of self motivation, here are 100 inspirational quotes.

22. I am not a product of my circumstances. I am a product of my decisions. – Stephen Covey

23. Every child is an artist.  The problem is how to remain an artist once he grows up. – Pablo Picasso

24. You can never cross the ocean until you have the courage to lose sight of the shore. – Christopher Columbus

25. I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel. – Maya Angelou

26. Either you run the day, or the day runs you. – Jim Rohn

http://www.forbes.com/sites/kevinkruse/2013/05/28/inspirational-quotes/

Iraq Economic News and Points to Ponder Thursday Evening 1-25-24

Iraq Economic News and Points to Ponder Thursday Evening 1-25-24

Tlm724 Administrator Bondlady’s Corner

Investigations And Embezzlement Of Funds...Accusations Pursue Rafidain Bank And The Central Bank Of Iraq Suspends Its Share Of The Dollar

Money  and business   Economy News – Baghdad  On Thursday, an official source revealed that Rafidain Bank had stopped delivering dollars to travelers.

The source told that the stop came for many reasons, most notably the failure to receive the required share of the dollar from the Central Bank of Iraq, according to Shafaq News Agency.

He stated that the Central Bank suspended the bank’s share of the dollar, even though the bank had directed banks to prepare to meet their requests for the dollar.

The source indicated that the bank’s investigation issues regarding the embezzlement of dollar amounts at the Baghdad International Airport port also contributed to the suspension of its share of the dollar.

Last January, the Central Bank of Iraq decided to include banks that are allowed to participate in the electronic platform and wish to participate in selling cash dollars for travel, treatment, and study purposes.

The bank directed the government banks (Al-Rafidain - Al-Rashid - Trade Bank of Iraq (TBI)) to expand outlets selling cash dollars to travelers at the country's airports (Baghdad - Basra - Najaf - Erbil - Sulaymaniyah).

It is noteworthy that the Central Bank, in cooperation with the federal government, issued strict instructions to limit the smuggling of hard currency out of the country.

196 views   01/25/2024 https://economy-news.net/content.php?id=39807

The Prime Minister Confirms That Iraq Is Moving Towards Major Development And Strategic Projects And Productive Economic Partnerships 

Economy News – Baghdad   Prime Minister Muhammad Shiaa Al-Sudani confirmed on Thursday that Iraq is moving towards major development and strategic projects and productive economic partnerships.

The Prime Minister’s Media Office stated in a statement, seen by Al-Iqtisad News, that “Prime Minister Muhammad Shiaa Al-Sudani received, this evening, Thursday, a delegation of secretaries and governors of Arab capitals headed by the Secretary-General of the Arab Cities Organization, Abdul Rahman Hisham Al-Asfour, and Al-Sudani welcomed the The meeting began with the Arab guests and their meeting that was held in Baghdad after a break that lasted more than three decades, stressing Baghdad’s permanent readiness and ability to host all its guests, whether they are Arab brothers or friends.

The Prime Minister affirmed - according to the statement - “Iraq is moving towards major development and strategic projects and productive economic partnerships,” noting that “the government in Iraq has placed as its top priority the comprehensive improvement of Baghdad and the rest of Iraqi cities, as well as openness to the successful experiences of brothers and friends, in Regarding reliance on technology and advanced methods for urban development and all service sectors.”

Al-Sudani stated, “At a time when we are searching for the best ways to develop and advance our cities, Gaza stands out before us because of the systematic destruction and devastation it is suffering from, and the lack of the most basic means of livelihood, due to the aggression and inhumane crimes committed by the occupation authorities against our Palestinian people there.”

He reiterated his support for “establishing a fund to support and reconstruct the Gaza Strip after the cessation of the aggression, which is the initiative launched by Iraq during the 2023 Cairo Peace Summit, which was held last October, and was greatly welcomed.”

Views 52 01/25/2024 - https://economy-news.net/content.php?id=39823

Iraq Renews Its Commitment To The Safety Of International Coalition Advisors And Allocates A Timetable For Their Survival

Political |01/25/2024  Mawazine News – Baghdad  The Ministry of Foreign Affairs announced, today, Thursday, an agreement with the United States to formulate a timetable for the presence of international coalition advisors.

The ministry said in a statement received by Mawazine News: “In fulfillment of its national obligations and in line with the growing capacity and efficiency of the Iraqi forces, the Iraqi government, in agreement with the government of the United States of America, announces the success of the ongoing negotiation rounds between the two sides that began in August 2023 and concluded with the necessity of launching the military committee.”

 The Supreme Council (HMC) at the level of working groups to assess the threat and danger of ISIS, the situational and operational requirements, and to strengthen the capabilities of the Iraqi security forces, in order to formulate a specific and clear timetable that specifies the duration of the presence of international coalition advisors in Iraq, and to initiate the gradual, deliberate reduction of its advisors on Iraqi soil and end the military mission of the coalition against ISIS.

She added, "The agreement includes a transition to comprehensive bilateral relations with the coalition countries, political, economic, cultural, security, and military, consistent with the vision of the Iraqi government. We particularly mention the Strategic Framework Agreement, which regulates the comprehensive relations between Iraq and the United States of America and reflects the common desire for cooperation between the two sides in a way that achieves the interests of the two countries and contributes to “By strengthening Iraq’s regional and international role in a manner befitting its historical status and building the best relations with the international community to serve the interests and aspirations of the Iraqi people.”

She continued, "The two sides expressed support for the work of the committee, facilitating its tasks, and refraining from anything that obstructs or delays its work. Maintaining the course of the committee's work and its success in achieving its mission is a national interest, in addition to contributing to preserving the stability of Iraq and the region."

The Foreign Ministry noted, "The government called for the work of this committee not to be halted, faltered, or interrupted, and to work to avoid tampering with Iraq's stability to achieve special goals."

The statement affirmed, “Iraq renews its commitment to the safety of the international coalition’s advisors during the negotiation period throughout the country, to maintaining stability and preventing escalation. The government also confirms its welcome of this agreement and considers it part of its fulfillment in fulfilling the government program and the pledges it has committed to before the people.”

https://www.mawazin.net/Details.aspx?jimare=241037

The National Investment Authority Publishes An Annual Report On Its Achievements Achieved In 2023 And Confirms The Advancement Of The Policy Of Sustainable Investment Projects.

Thursday 25, January 2024 | Economical Number of readings: 279  Baghdad / NINA / The National Investment Authority announced its annual report on its achievements for the year 2023, stressing the continuation of strengthening the economic sector and developing sustainable investment projects.

The authority’s official spokesman, Muthanna Al-Ghanmi, said in a statement: The authority works within the context of the government’s vision and program aimed at enhancing investments and a transparent environment for developing sustainable projects in various vital sectors in housing, transportation, agriculture, industry, and renewable energy.

He added, "The investment climate factors that attract capital and foreign companies specialized in implementing investment projects are available in Iraq, especially within the framework of the guarantees, benefits, and facilities provided by Law No. (13) of 2006 as amended, as well as the government’s support for the components of the private sector."/End H

https://ninanews.com/Website/News/Details?key=1103078

With The Stock Market Closed...The Dollar Declines In 7 Iraqi Governorates

Thursday 25, January 2024 19:11 | Economical Number of readings: 286   Baghdad / NINA / The exchange rates of the dollar against the dinar recorded a decrease this evening, Thursday, in 7 Iraqi governorates.

Below is a list of the selling price for the dollar, noting that the Central Bank of Iraq price is (1,320 dinars to the dollar):  

Baghdad: 151,450 dinars   Erbil: 151,300 dinars   Basra: 152,000 dinars   Najaf: 151,500 dinars

Nineveh: 151,400 dinars.   Kirkuk: 151,400 dinars.   Sulaymaniyah: 151,400 dinars.   https://ninanews.com/Website/News/Details?key=1103117

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

Top 100 Inspirational Quotes  Compiled By Kevin Kruse 

 Inspirational quotes and motivational quotes have the power to get us through a bad week, and can even  give us the courage to pursue our life’s dreams.  In my book, 4 Keys to Happiness and Fulfillment at Work, By Kevin Kruse, I share surprising research into the true triggers of workplace motivation.

 So in the spirit of self motivation, here are 100 inspirational quotes.

22. I am not a product of my circumstances. I am a product of my decisions. – Stephen Covey

23. Every child is an artist.  The problem is how to remain an artist once he grows up. – Pablo Picasso

24. You can never cross the ocean until you have the courage to lose sight of the shore. – Christopher Columbus

25. I’ve learned that people will forget what you said, people will forget what you did, but people will never forget how you made them feel. – Maya Angelou

26. Either you run the day, or the day runs you. – Jim Rohn

http://www.forbes.com/sites/kevinkruse/2013/05/28/inspirational-quotes/

Iraqi News Highlights and Points to Ponder Thursday Afternoon 1-25-24

Iraqi News Highlights and Points to Ponder Thursday Afternoon 1-25-24

New Notice To Buy The Dollar

Al-Rasheed Bank issued a new notice regarding purchasing the dollar.   The bank said in a statement received by (IQ NEWS) that “the platform will be opened for travelers wishing to buy the dollar today, Wednesday, at eight o’clock in the evening.”

He added, "Travelers must enter the link on the bank's official page to obtain a reservation that enables them to visit the branch to deliver Iraqi cash and receive the dollar from the bank branch inside Baghdad International Airport."   https://www.iqiraq.news/economy/57309--.html

Parliamentary Finance: The US Federal Reserve Besieges The Iraqi Citizen With Dollars

Information / Baghdad..   On Thursday, a member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, accused the United States of America of exercising blackmail and pressure towards Iraq by creating a dollar crisis.

Al-Kadhimi said in an interview with the Maalouma Agency, “The American measures taken by the Federal Bank were the main reason behind the continued rise of the dollar against the Iraqi dinar.”

He added, "Washington is still exercising its conditions on Iraq to put pressure on the parallel market," noting that "the US Federal Reserve sets strict conditions on merchants importing goods from neighboring countries."

He pointed out that "the Iraqi citizen is a victim of the arbitrary measures of the United States of America," noting that "the Iraqi economy relies heavily on foreign imports to cover the total demand for goods."

Former MP Raed Fahmy had previously confirmed to Al-Maalouma that the political reason was related to the US Federal Reserve’s strict measures for political purposes in order to put pressure on the Iraqi side. LINK 

The “Merchant” Card...A Practical Step To Limit The Rise Of The Dollar 

Economical  01/25/2024   Baghdad: Haider Falih Al-Rubaie  The government has intensified its moves aimed at eliminating the rise in exchange rates in the parallel market, which has greatly affected the movement of buying and selling goods and materials in local markets. Following a package of decisions that contributed to bridging the gap that occurred earlier between the official and parallel dollars, a government source revealed the day before yesterday, About issuing electronic cards to small merchants with a ceiling of $100,000 per month.

The new government step was met with economic welcome that emphasized the importance of this measure in eliminating the significant rise in parallel exchange rates and reducing the jumps in the green currency, in addition to its importance in covering the prices of imported goods at the official dollar rate, thus achieving great stability in the local markets.

A government source stated to the Iraqi News Agency (INA), that “based on the directives of the Prime Minister, Muhammad Shiaa Al-Sudani, and in light of the discussions that took place between the government, the central bank and electronic payment companies for more than two months, a mechanism for issuing electronic cards to small merchants was approved, with a ceiling. It amounts to $100,000 per month to implement payment operations for import purposes, ensuring a reduction in the demand for cash dollars by real merchants.”

The source added, “The new mechanism is subject to five important conditions, including payment companies submitting a request to the Central Bank to obtain approval to develop this product and launch the (merchant) card, as well as specifying the uses of the cards to be for small merchants in line with the external transfer controls issued by the Central Bank for the year 2023, according to the statement. The ceiling of these cards should not exceed (100) thousand dollars per month, with the possibility of raising the ceiling in the future in light of the results of the actual implementation.”

The source added that among the requirements for issuing this card is that it “be used for the purposes of purchasing goods and services from known suppliers according to pre-defined white lists, and that the company must bear its duty in accordance with basic requirements, the most important of which are the main international ban lists of the United Nations, the Office of Foreign Assets Control and the European Union.” Pointing out that the final condition for issuing a merchant card is that “the funds of small merchants be deposited in the branches of various Iraqi banks in Iraqi dinars.”

Immediately after the issuance of these instructions, specialists expressed their opinions regarding this step, which the researcher specializing in economic affairs, Nabil Jabbar Al-Ali, during his interview with “Al-Sabah” saw as positive and could undermine the parallel dollar.

Al-Ali pointed out that “the step is very correct, and will contribute to the ability of small merchants to access transfer tools away from the platform and its requirements,” stressing that this government measure will truly contribute to “ending the phenomenon of smuggling cards with simple transfer capabilities, and the new mechanism will work to reduce the price and influence it.” clearly".

Contrary to the previous opinion, the economic expert, Manaf Al-Sayegh, confirmed that this matter represents nothing but “measures that are not based on sound foundations of what must be dealt with to address the parallel and government exchange rate.”

According to Al-Sayegh, during his talk to “Al-Sabah,” “the problem of solving the dollar is not achieved through measures, but rather by following monetary policies and in accordance with what is universally accepted, and not measures that represent reactions, as he said.”

Al-Sayegh also believes that these cards may not contribute significantly to addressing the rise in the parallel exchange rate, indicating that large merchants are still suffering from difficulties in obtaining cash financing from the dollar to finance their trade due to the complexities of the Central Bank’s sales platform, in addition to similar difficulties facing travelers.

Al-Sayegh pointed out that the reasons for the rise in the parallel exchange rate are the heavy reliance on importing goods and services and not manufacturing them at home, and the failure to activate industries that can meet consumer requirements.

Al-Sayegh believes it is necessary to stop financing many imports, especially luxury ones, which cause Iraq to lose huge sums of money annually, revive industry and agriculture in the country, and strictly prevent the import of locally produced goods.   https://alsabaah.iq/91069-.html

After Criticizing The "Government's Complacency"... Parliament Is Preparing A Stance Towards The American Forces

Baghdad today – Baghdad  The Sadiqoun parliamentary bloc, affiliated with the Asaib Ahl al-Haq movement, confirmed today, Wednesday (January 24, 2024), that Parliament will not remain silent about the continued American bombing of the PMF headquarters, after the Presidency of Parliament considered the government’s laxity in implementing the decision to remove American forces as “a violation of legislation.” ".

The representative of the bloc, Rafiq Al-Salhi, told “Baghdad Al-Youm” that “the way to stop America from bombing Iraq and its official forces is to expel all its forces from all Iraqi lands, as this presence is the reason for the ongoing aggressive operations.”

Al-Salhi stressed, "The Iraqi government is obligated to implement Parliament's decision to remove American forces without any procrastination. We are in the House of Representatives with the start of the sessions next week. Parliament will have a position regarding the continuation of the American aggression against Iraq and its official forces. We cannot remain silent any longer regarding all these serious violations." .

Earlier today, Wednesday, the Presidency of the House of Representatives called on the government to implement the House of Representatives’ decision to remove foreign forces, while indicating that negligence in implementing the decision is considered a clear violation of legislation and popular will. LINK

Expert: Any new US sanctions affecting the economy will have a severe impact on Iraq

Economy | 01/25/2024  Mawazine News – Baghdad  Economic expert Nabil Al-Marsoumi warned, on Thursday, of resounding repercussions in the Iraqi economy in the event of US sanctions being imposed on Baghdad, noting that the country is linked to the American economy in a way that cannot be risked.

 Al-Marsoumi said in a televised interview followed by Mawazine News, “The Iraqi economy is fragile and rentier and depends only on oil, and it cannot be risked at all.”

 He added, "Iraq relies 93 percent on the sale of oil in its economy, which means that it is closely linked to the American economy, since the sale of oil is exclusively through the dollar."

 He pointed out that "oil revenues enter directly into American banks and are then spent in favor of Iraq, which increases the magnitude of fears," noting that "the imposition of any penalty from the American Treasury will be very severe on Baghdad."  https://www.mawazin.net/Details.aspx?jimare=241018

Al-Ugaili: The Government Does Not Have A Legal Basis To Send Money To The Region

Information/private..    Today, Thursday, political affairs researcher, Sabah Al-Ukaili, criticized the central government’s continued sending of funds to the Kurdistan region, while stressing that there is no legal or constitutional basis that allows sending trillions to the region in isolation from the general budget. 

Follow the “Al-Ma’louma” channel on Telegram.. News that does not require documentation..

Al-Ugaili said in an interview with the Maalouma Agency, “There is no clear road map regarding the legality of sending money or completing negotiations on the outstanding files from Kurdistan,” noting that “sending money with these numbers is tantamount to a violation of the articles of the general federal budget that have been approved.”

He continued, "Prime Minister Muhammad Shiaa Al-Sudani is required to show the facts or the agreement through which the money was sent to the region," noting that "all the meetings that accompanied the period of negotiations between the region and the center did not reach any level of transparency that the political and popular forces demand."

Al-Ugaili continued, during his speech: “The problem is clear in the Kurdistan region’s lack of commitment to the budget items so far,” adding that “there is no legal or constitutional basis that allows sending trillions to the region in isolation from the general budget.”

The political analyst, Qasim Balshan, had confirmed in an interview with the “Al-Ma’louma” agency, “The lack of transparency from the government regarding sending funds to the Kurdistan Regional Government,” adding that all successive governments did not exercise their legal and constitutional powers with the region in many files. Ended 25/Y   LINK

Top 100 Inspirational Quotes  Compiled By Kevin Kruse 

 Inspirational quotes and motivational quotes have the power to get us through a bad week, and can even  give us the courage to pursue our life’s dreams.  In my book, 4 Keys to Happiness and Fulfillment at Work, By Kevin Kruse, I share surprising research into the true triggers of workplace motivation.

 So in the spirit of self motivation, here are 100 inspirational quotes.

16. The mind is everything. What you think you become.  – Buddha

17. The best time to plant a tree was 20 years ago. The second best time is now. – Chinese Proverb

18. An unexamined life is not worth living. – Socrates

19. Eighty percent of success is showing up. – Woody Allen

20. Your time is limited, so don’t waste it living someone else’s life. – Steve Jobs

21. Winning isn’t everything, but wanting to win is. – Vince Lombardi

22. I am not a product of my circumstances. I am a product of my decisions. – Stephen Covey

http://www.forbes.com/sites/kevinkruse/2013/05/28/inspirational-quotes/

"Tidbits From TNT" Thursday 1-25-2024

TNT:

Tishwash:  Baghdad hosts the oil and gas conference next week 1/25

Next Saturday, Baghdad will host a two-day oil and gas conference in the Arab world.

The Secretary-General of the Federation of Arab Engineers, Dr. Adel Al-Hadithi, explained that “the conference is the first in the field of oil and gas held by the Federation of Arab Engineers in the modern era, since the last conference was held in Alexandria in 1945,” indicating that “researchers and specialists in this field from (Egypt) Lebanon, Jordan, Syria, Qatar, and Libya will participate in the conference

In addition to the host country, Iraq. Al-Hadithi pointed out that “the conference will discuss, over two days and four sessions, topics (oil wealth in the Arab world, optimal investment of oil wealth, optimal exploitation of energy sources and environmental protection, and manufacturing of crude oil in the Arab world with the aim of maximizing its value)  link

CandyKisses:  Japan's Toyota wants to restore its car factories in Iraq

Economy Baghdad News

Japan's Toyota Motor Industries announced on Wednesday its desire to restore factories and car services in Iraq.

This came during a meeting between a delegation of Toyota, the authorized distributor of Toyota cars in Iraq, with Iraqi Trade Minister Atheer Al-Ghariri, according to a statement seen by "Economy News".

A statement by the Ministry of Commerce quoted Al Ghurairi as confirming during the meeting that the ministry is looking forward to cooperating and achieving real and realistic work with companies specialized in the field of cars, including Toyota, by entering into partnership contracts and successful investments with the General Company for Automotive and Machinery Trading to advance its capabilities and develop the skills and capabilities of its employees.

"The ministry will work to strengthen and activate the work of cooperation committees and joint agreements between the two parties," al-Ghuriri said.

For his part, Sardar Bibani said that "Toyota Iraq is the exclusive main distributor of Toyota, Lexus and Hino trucks, and we hope to return factories and services in Iraq to serve our dear country."

The Director of Operations of Toyota in Japan said that our vision for Iraq is greater than what has been achieved and we need to work with Iraq with the official guarantee of factories and the network of official agents and building manpower and infrastructure, praising "the role of the Commercial Attaché in Japan in the procedures of meetings, listening to views and delivering them to decision-makers in the ministry

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

Tishwash:  An American spokesman reveals the details of ending the international coalition’s mission in Iraq

A US State Department spokesman confirmed that Washington and Baghdad are "close" to agreeing to start the work of the Supreme Military Committee in preparation for transforming the mission of the US-led International Coalition to Defeat ISIS into bilateral relations. 

The spokesman told Al-Hurra website: “As we announced in August 2023, we are looking forward to moving forward with (the formation of) the Higher Military Commission (or HMC for short), because it reflects the United States’ deep commitment to regional stability and Iraqi sovereignty.” 

The spokesman added, "The United States and Iraq are close to agreeing on the start of the Supreme Military Committee dialogue, which was previously announced in August." 

The spokesman stressed that "HMC is a point to discuss the transition of the international coalition to defeat ISIS to steadfast bilateral security relations between Iraq and the United States." 

He stated, "The two parties will discuss how the mission can develop within a time frame according to several factors, including the threat from ISIS, the operational environment, and the capabilities of the Iraqi forces." 

The spokesman concluded his statement to Al-Hurra by saying: "We have talked about this matter for months, and the timing has nothing to do with the recent attacks. The United States will reserve its full right to defend itself during the talks."  

Al-Hurra website says that the spokesman’s confirmation came in response to a request for comment regarding reports published by Reuters and CNN that talked about the launch of negotiations between Washington and Baghdad regarding the American presence in Iraq. 

Yesterday, Wednesday, the Iraqi Foreign Ministry received a letter it described as “important” from the US government, conveyed by Ambassador Elena Romanski, indicating that the Prime Minister “will study this message,” according to what the Iraqi Foreign Minister announced.

Subsequently, Al-Sudani chaired a meeting of the Ministerial Council for National Security, in the presence of the Minister of Foreign Affairs, during which developments in the security situation in Iraq were discussed.

Four sources told Reuters yesterday, Wednesday, that the United States and Iraq are about to begin talks on ending the mission of the US-led military coalition in Iraq and how to replace it with bilateral relations, a step in a process that was halted due to the war in the Gaza Strip.

Iraq, one of the few countries that is an ally of both Tehran and Washington, has witnessed an escalation in mutual attacks between armed factions and American forces since the outbreak of the war in Gaza, as the factions seek to put pressure on the United States because of its support for Israel.

American forces in Syria and Iraq were subjected to about 150 attacks launched by factions allied with Iran, and the United States launched a series of attacks in response to what it was exposed to, the last of which was on Tuesday.

The escalating violence prompted the Iraqi Prime Minister, Muhammad Shia al-Sudani, to call for the speedy exit of the Washington-led coalition forces through negotiations, a process that was about to begin last year, but the war in Gaza led to its faltering, according to what was reported by Reuters.

Washington did not want to negotiate a possible withdrawal while it was under attacks, as it feared that any change in the mission would appear to occur under pressure, which would embolden regional rivals, including Iran, according to Reuters.

Two sources told Reuters that calculations had changed amid the realization that the attacks would likely not stop and that the current situation was leading to a steady escalation.

An American official told the same agency that the committee will allow for a joint assessment of the Iraqi security forces' ability to fight ISIS "and determine the nature of the bilateral security relationship."

The attacks are carried out by Iraqi armed factions with close ties to Iran, most of whom are not represented in parliament or the government, but have influence over the decision-making process.

Iraqi and American officials hope that the formal start of the talks will contribute to easing political pressure on the Sudanese government and perhaps reduce attacks on American forces, according to Reuters. link

Mot: .... He Deserves a HUGE Tip!!!! 

Mot: .... UH OOOOOOOH!!!! 

MilitiaMan: Iraq Dinar - Freedom of Capital Movement - International Cross Border Payments

Iraq Dinar - Freedom of Capital Movement - International Cross Border Payments

MilitiaMan and Crew:  1-25-2024

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=FOh-twa-AkI

Goldilocks' Comments and Global Economic News Wednesday Evening 1-24-24

Goldilocks' Comments and Global Economic News Wednesday Evening 1-24-24

Good Evening Dinar Recaps,

A Rewiring of the World’s Biggest Bond Market Will Transform Trading

"Securities and Exchange Commission Chair Gary Gensler, who once oversaw federal debt management at the US Treasury, has championed a move to require the vast majority of Treasuries trading to migrate to a central counterparty clearinghouse — an intermediary between buyers and sellers that assumes ultimate responsibility for the transaction."

This movement of the Bond Market or US Treasuries to a Central Clearing House for Market transactions creates a burden of care upon the dealers to screen their clients more carefully in trading transactions between two parties such as foreign currency trades.

This will create less liquidity taking place in a trade, but the ability to collateralize one's transactions will secure all parties involved.  It will shift a lot of responsibility toward the Commodities Futures Trading Commission (CFTC) where many of our new tokenized assets going forward will be governed.
This is all part of the new transition of the markets into a new digital economy. Yahoo Finance

© Goldilocks

~~~~~~~~~~

Bitcoin-based stablecoin could rival modern stablecoins in 2024 | CryptoTvplus - The Leading Blockchain Media Firm
~~~~~~~~~~

Consistent regulatory approach globally and technical standardisations across different blockchains will be key to widespread adoption of stablecoins. |   Regulation Asia
~~~~~~~~~~

Novo rolls out an embedded payroll tool for small businesses | Banking Dive

~~~~~~~~~~

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Iraq Economic News and Points to Ponder Wednesday Evening 1-24-24

Iraq Economic News and Points to Ponder Wednesday Evening 1-24-24

Tlm724 Administrator Bondlady’s Corner

Iraq Launches Electronic Cards For Small Merchants To Confront The Dollar Crisis

January 24, 2024 Last updated: January 24, 2024   Al-Independent/- Yesterday, Tuesday, the Iraqi government issued a new mechanism for issuing electronic cards to small merchants, based on the directives of Prime Minister Muhammad al-Sudani.

This mechanism aims to reduce the demand for cash dollars by real traders, and enhance the role of banks in financial transactions.

The new issuance mechanism includes the following:

    Payment companies submit a request to the Central Bank to obtain approval to create this product and launch the (merchant) card.

    Determining the uses of cards for small merchants in line with the external transfer controls issued by the Central Bank for the year 2023.

    The ceiling for these cards shall not exceed (100) thousand dollars per month, with the possibility of raising the ceiling in the future in light of the results of the actual implementation.

    The cards are used for the purposes of purchasing goods and services from known suppliers under pre-defined whitelists.

    The company bears its duty to apply due diligence and in accordance with basic requirements, the most important of which are the main international ban lists of the United Nations, the Office of Foreign Assets Control and the European Union.

    Small merchants' money is deposited in various Iraqi bank branches in dinars.

Experts believe that this new mechanism will contribute to achieving the desired goals, through:

    Facilitating the external transfer process for small merchants, which will reduce the demand for cash dollars.

    Strengthening the role of banks in financial transactions, thus reducing black market exchange operations.

    Monitoring external transfer operations, which will help in the fight against terrorism and corruption.

This step comes within the framework of the efforts made by the Iraqi government to address the dollar crisis in the country.   https://mustaqila.com/العراق-يطلق-بطاقات-إلكترونية-لصغار-ال/  

Issuing Electronic Cards To Small Merchants With A Ceiling Of $100,000 Per Month

  January 23 13:15 Information/Baghdad..  Today, Tuesday, a government source revealed the issuance of electronic cards to small merchants, while specifying their conditions.

The source said in a statement to the official agency, followed by “Al-Ma’louma”:

“Based on the directives of the Prime Minister and in light of the discussions that took place between the government, the Central Bank of Iraq and electronic payment companies for more than two months,

a mechanism for issuing electronic cards to small merchants was approved, with a ceiling of 100 thousand dollars.”“.” He added, Monthly to implement payment operations for import purposes in order to reduce the demand for cash dollars by real merchants

"The new mechanism includes:   

1- Payment companies submit a request to the Central Bank to obtain approval to create this product and launch the (merchant) card.

2- Determine the uses of the cards to be for small merchants in line with the external transfer controls issued by the Central Bank for the year 2023, provided that

The ceiling of these cards shall not exceed (100) thousand dollars per month, with the possibility of raising the ceiling in the future in light of the results of the actual application.

3- The cards are used for the purposes of purchasing goods and services from known suppliers according to pre-determined white lists.

4- The company bears its duty to apply diligence Due and in accordance with basic requirements, the most important of which are the main international embargo lists of the United Nations, the Office of Foreign Assets Control and the European Union.

5- Small merchants’ funds are deposited in the branches of various Iraqi banks in Iraqi dinars.

https://almaalomah.me/news/54112/economy/إصدار-بطاقات-إلكترونية-لصغار-التجار-بسقف-100-الف-دولار-شهريا

An Academic Explains The Reasons For The "Failure" Of Establishing Solid Banking Relationships In Iraq

 Economy |Yesterday, |  Baghdad Today – Baghdad  Today, Tuesday (January 23, 2024), the academic in economics, Mehdi Saleh, explained the reasons for the “failure” in establishing solid banking relations with the global and regional sector, while pointing to the necessity of developing banks and institutions at the regional level.

The main player   Saleh said in an interview with “Baghdad Today” that “the central bank is the state bank and lending and issuing have important powers at its disposal that made it the main player in establishing monetary policy in Iraq,” pointing out that  “the banking system, with all its civil and governmental titles, is the middle link between the central bank.” And the public,” referring to merchants, companies, and other segments. 

He added,   “The middle circle, referring to the specialized banks, is not sufficiently prepared to establish relationships with the global banking system because it has remained for many decades in local roles, that is,

 it has no experience, in addition to the very developed situation of international banks, especially in the file of industrial and agricultural banks and the rest of the specialized banks.”

 He added, "But this does not mean stopping, but rather striving to develop them, especially since Iraq was the first to establish banks in the region."

 Parasitic performance

He pointed out "the necessity of staying away from the parasitic performance practiced by some banks by seeking speculation and quick profit, hunting for opportunities,

and seeking to transfer the experience of Gulf and Southeast Asian banks in creating visions that contribute to the recovery of markets and building investments, to be the beginning of the move towards  enabling performance in banking work at the level." Regional and international.”

Earlier, Prime Minister Muhammad Shiaa Al-Sudani reviewed to the President of the World Bank Group, Ajay Banga, Iraq’s steps towards financial and banking reform.

On the sidelines of his participation in the Davos Economic Forum, Al-Sudani met with the President of the World Bank Group, Ajay Banga, and discussed with him the cooperation relations between Iraq and the World Bank, in various economic fields, which contribute to supporting the government’s efforts and strategic plans, towards more investment and development opportunities in Iraq.

According to an official government statement received by Baghdad Today.

The statement explained,   “The meeting also witnessed a review of the measures and steps taken by the government and the Central Bank of Iraq, in terms of financial and banking reform, and

the projects financed by the International Finance Corporation (IFC) were also discussed, most notably the project to rehabilitate and develop Baghdad International Airport.”.  The Prime Minister stressed, according to the statement, 

 “the importance of World Bank reports reflecting, realistically, the new government’s policies that were implemented in the economic and banking sectors and supporting the private sector, which aim to diversify the economy,  increase its growth, and  achieve financial stability, in light of the challenges facing the region and the world.” https://baghdadtoday.news/240569-أكاديمي-يوضح-أسباب-فشل-تأسيس-علاقات-مصرفية-رصينة-في-العراق.html

Specialists: Islamic Sukuk Are An Alternative To Financial Instruments

 Economical 01/23/2024    Baghdad: Hussein Thaghab  Interest is growing in adopting Islamic sukuks as part of Iraq's strategic policy, as they are an important alternative to other financial instruments that depend on interest, and which can finance the deficit suffered by the federal general budget.

During the first annual conference, the Center for Banking Studies at the Central Bank of Iraq considered Islamic bonds part of Iraq's strategic policy.

He stressed the acceleration of the legislation of the “Islamic Sukuk Law in Iraq.”

The participants also stressed the need to pay attention to developing appropriate legislation in order to make it successful in Iraq, and to make a media and promotional effort to spread the culture of investment in Islamic Sukuks among banks and financial institutions before the law is enacted.

Islamic banking specialist Professor Dr. Sadiq Rashid Al-Shammari pointed out that the advantages of sukuks are several, the most important of which is financing large projects that no single entity has the capacity to finance.

 They are an investment channel for absorbing financial surpluses that their owners wish to invest and recover easily.

They also contribute to managing liquidity in cases of deficit and surplus.

If the bank has surplus liquidity, invest.

What he has in buying sukuks, and if he needs liquidity, he sells them with ease in the secondary market or the stock exchange,  in addition to  the fair distribution of wealth, because it links investment to reality and the real economy and enables all investors to benefit from the project’s profits in a fair way, as wealth is distributed on a large scale without Be a country among the rich, diversify your portfolio investments and spread your risks.

Investment sukuks mean that they are a document issued in the name of their owner or holder in denominations of equal value to prove the right of their owner to the financial rights and obligations they represent, and that

they represent a common share in the ownership of assets designated for investment, whether objects, benefits, services, or a mixture thereof, and moral rights, debts, and money, and  they do not represent debt. Issued to the bearer.

He added that the sukuk, especially the sukuk of leased assets, are characterized by being an off-budget financing instrument, as the leased assets are owned by the sukuk holders during the term of the sukuk, and the obligation of the sukuk holder is limited to paying the rent to the sukuk holders, which is a revenue expense.

On the contrary, in the case of borrowing to finance the purchase of some assets, this leads to... To increase the value of liabilities because they are capital expenditures,  this type of sukuk also has zakat and tax advantages.

He pointed out that  Islamic sukuks can attract customers by providing high-quality services and providing the necessary financing for them to activate their commercial, investment, industrial and agricultural operations.

They also provide sufficient liquidity available to dealing investors, which is the desired goal of creating trust and achieving security, that is, achieving actual cooperation between those with financial surpluses.

And project owners who use these surpluses and not transfer the risk to one party or the other by creating advanced products capable of competing with the products offered by traditional banks, provided that they do not conflict with the rule of Sharia.

The Director General of the Center for Banking Studies at the Central Bank of Iraq, Dr. Bassem Abdul Hadi Hassan, highlighted the importance of submitting the draft Islamic Sukuk Law to the House of Representatives,

so he is keen to discuss the role of Islamic finance and the Sukuk market in particular as a vital financial tool that contributes significantly to development. Economic. 

He added that the Central Bank of Iraq has a major role in this process by proposing the Islamic Sukuk Law and providing technical and practical assistance to the relevant authorities in the Islamic banking sector, and  therefore it has become useful to learn about international experiences in this field, especially Arab ones.   https://alsabaah.iq/90893-.html

The Government Requires Official Institutions To Cooperate With Banks Regarding Electronic Sales

Economy| 12:42 - 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

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

Top 100 Inspirational Quotes  Compiled By Kevin Kruse 

 Inspirational quotes and motivational quotes have the power to get us through a bad week, and can even  give us the courage to pursue our life’s dreams.  In my book, 4 Keys to Happiness and Fulfillment at Work, By Kevin Kruse, I share surprising research into the true triggers of workplace motivation.

 So in the spirit of self motivation, here are 100 inspirational quotes.

12. We become what we think about. – Earl Nightingale

13. Twenty years from now you will be more disappointed by the things that you didn’t do than by the ones you did do, so throw off the bowlines, sail away from safe harbor, catch the trade winds in your sails.  Explore, Dream, Discover. – Mark Twain

14. Life is 10% what happens to me and 90% of how I react to it. – Charles Swindoll

15. The most common way people give up their power is by thinking they don’t have any. – Alice Walker

16. The mind is everything. What you think you become.  – Buddha

http://www.forbes.com/sites/kevinkruse/2013/05/28/inspirational-quotes/

Iraq Economic News and Points to Ponder Wednesday Afternoon 1-24-24

Iraq Economic News and Points to Ponder Wednesday Afternoon 1-24-24

Tlm724 Administrator Bondlady’s Corner

Stability Of The Dollar Exchange Rate In Iraqi Markets

Economy   Wednesday, January 24, 2024 10:32 AM   Baghdad/National News Center  Today, Wednesday, the dollar exchange rates witnessed stability in the local markets, recording the following numbers:   Local markets:   – Selling price: 152,000 dinars per 100 dollars
– Purchase price: 150,000 dinars per 100 dollars   https://nnciraq.com/247357/

The Central Bank Sells More Than $220 Million At Auction Today

Economy  Wednesday, January 24, 2024 3:23 PM Baghdad/National News Center  External remittances at the Central Bank of Iraq auction rose by 92% today, Wednesday, to reach $203 million, at the expense of cash sales, which fell to $17 million.

Today, during its auction for buying and selling the US dollar, the Central Bank sold 220 million and 271 thousand and 554 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.

The Central Bank explained that most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, as the number of banks that purchased cash dollars reached 8 banks, while the number of banks that responded to requests to enhance balances abroad reached 22 banks.

https://nnciraq.com/247425/

By 92%... An Increase In Foreign Remittances At The Central Bank Of Iraq Auction

Wednesday 24, January 2024 14:17 | Economical Number of readings: 261  Baghdad / NINA / External remittances at the Central Bank of Iraq auction increased by 92%, today, Wednesday, at the expense of cash sales, to reach 203 million dollars.

The bank stated in a statement that it sold today, during its auction for buying and selling the US dollar, 220 million and 271 thousand and 554 dollars, which it covered at a base exchange rate of 1,305 dinars per dollar for documentary credits and international settlements for electronic cards, and at a price of 1,310 dinars per dollar for foreign transfers, and at a price of 1,310 dinars per dollar. Dollars in cash.”

He added: “Most of the bank’s dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 203 million and 101 thousand and 544 dollars, a 92% increase over cash sales of 17 million and 170 thousand dollars.”

He pointed out that “ The number of banks that purchased cash dollars reached 8 banks, while the number of banks that responded to requests to enhance balances abroad reached 22 banks, and the total number of exchange and brokerage companies participating in the auction was 112 companies.   https://ninanews.com/Website/News/Details?key=1102874

Honoring The President Of The Iraqi Private Banks Association With The Highest Award By The Iraqi Society For Statistical Sciences

President of the Iraqi Society for Statistical Sciences, Dr. Mahdi Al-Alaq while presenting the head of the Association of Private Banks in Iraq, Wadih Al-Handal, with the creativity necklace 

Economy News – Baghdad   The Iraqi Society for Statistical Sciences, on Wednesday, honored the President of the Association of Private Banks in Iraq, Wadih Al-Handal, with the Creativity Necklace, in appreciation of his efforts in supporting the Association and developing the Iraqi banking sector.

The honor came during a ceremony held by the association at its headquarters in Baghdad, in the presence of its board of directors and a number of personalities.

In his speech during the honoring ceremony, the President of the Iraqi Society for Statistical Sciences, Dr. Mahdi Al-Alaq, praised Al-Handal’s efforts in supporting the Society and the success of its scientific and practical activities over the past years.

Al-Alaq said that Al-Handal and the Association of Private Banks played a prominent role in developing the work of the Association, after their great support for us, noting that many of the activities held by the Association come with the support of the Association of Private Banks.

He stated that the vision of Al-Handal and the Association of Private Banks was insightful in working to develop the private sector and develop human resources through training.

For his part, Wadih Al-Handal expressed his thanks to the Iraqi Association for Statistical Sciences for this honor, stressing that the Association of Banks will continue to work to support and develop the banking sector.

Al-Handal pointed out that the Association of Banks, through the Empowerment Fund funded by private banks, has undertaken many large community initiatives over the past years, in addition to working to enhance the concept of financial inclusion and financial management among the people.

Al-Handal thanked the association’s workers for their great role in achieving current and previous achievements.

The Creativity Necklace is one of the highest honors awarded by the Iraqi Society for Statistical Sciences, and is awarded to prominent figures who have contributed to the development of statistical sciences and their applications in Iraq.  01/24/2024 - https://economy-news.net/content.php?id=39784

Oil Prices Stabilize As Increased Supplies Offset The Impact Of Tensions In The Middle East

Wednesday 24, January 2024 10:01 | Economical Number of readings: 297  Baghdad / NINA / Oil prices stabilized as traders weighed signs of declining US inventories and tensions in the Middle East on the one hand, and expectations of increased supplies on the other.

Brent crude, the global benchmark, traded below $80 per barrel after its decline yesterday, Tuesday, while West Texas Intermediate crude traded above $74.

The American Petroleum Institute reported that nationwide inventories fell by about 7 million barrels last week, including a decline in Cushing, Oklahoma. Official numbers are scheduled to be released later on Wednesday.

In the Middle East, traders were assessing the impact of recent US and British strikes against the Iran-backed Houthis in Yemen aimed at halting attacks on ships.

While a trade group said the United States advised ships crossing the Red Sea to exercise “extreme caution,” some owners decided not to resume passage. Elsewhere, US forces carried out air strikes on sites in Iraq.

“We believe oil markets are well supplied, and that is likely to continue this year,” said Vivek Dhar, mining and energy commodities analyst at Australian Commonwealth Bank. He added that while the situation in the Red Sea has increased trade costs, it is unlikely to materially increase oil prices, given that supplies have not been directly affected.

The US crude inventory report comes after a decline in inventories in three of the past four weeks, and amid turmoil caused by a wave of cold weather. Freezing conditions reduced supplies from shale drillers in the Bakken Basin and hampered refining operations.

The price differences between the two closest oil contracts indicate an upward trend in the near term. The gap reached 44 cents per barrel, in the case of “backorder”, compared to 3 cents at the beginning of the year./End 9   https://ninanews.com/Website/News/Details?key=1102814

United Nations Development Programme: This Is The Reality Of The Projects Of The Stabilization Program In The Liberated Areas

Wednesday 24, January 2024 18:02 | Political Number of readings: 123   Baghdad / NINA / The United Nations Development Program in Iraq responded to the article recently published in the British newspaper The Guardian regarding the stabilization program for liberated areas of the United Nations Development Program in Iraq.

The official spokesman for the United Nations Development Program said in a press statement today, Wednesday, “We take all allegations seriously and investigate them expeditiously. We will take firm and appropriate measures if any of these allegations are proven true.”

He added, “The United Nations Development Program has zero tolerance for fraud and corruption, and this applies to all UNDP employees, non-UNDP employees, suppliers, implementing partners, and responsible parties, but zero tolerance does not mean there are no risks,” noting: “The program “UNDP has been transparent with donors, partners and the general public about the risks and operational challenges that have followed years of conflict in Iraq.”

He explained, “Any allegation of bribery, corruption or fraud is comprehensively evaluated and, where appropriate, investigated by the Independent Audit and Investigations Office of the United Nations Development Programme.”

He stated that: “With regard to the stabilization program for liberated areas, based on the complexity of the program and its broad scope of work, and also in accordance with best practices, the United Nations Development Program has implemented a series of additional monitoring and control measures in addition to standard protocols, which include, among other things, “establishing an operations service center.” A specialist for the stabilization program for liberated areas in 2015 to manage procurement issues and complex operational operations, including providing due diligence and oversight

. Conducting direct verification operations for projects on the ground, and providing support to third-party monitoring teams, in addition to other tasks, and the presence of an investigator from the Independent Audit and Investigations Office dedicated to monitoring this project, who is responsible for conducting investigations related to all allegations related to the stabilization program for liberated areas in a way. Comprehensive.”

He continued to say, “Project audits were conducted every year for the period 2019-2022, and these audits included projects at a cost amounting to more than one billion US dollars from the financial allocations allocated to the projects of the Stabilization Program for the liberated areas, and the Independent Audit and Investigations Office also carried out “We will comprehensively audit country office operations in 2023.”

He stressed, “All audits of the Independent Audit and Investigation Office are available to all citizens on its website, and in this regard, the Independent Audit and Investigation Office has dealt, over the past eight years, with more than 130 cases related to the work of the Stabilization Program for the liberated areas, and these cases or cases were submitted.” “By our employees and third parties, from external oversight bodies to the Independent Audit and Investigations Office, the UNDP administration took swift action in response.”

He went on to say: “In our work in Iraq within the stabilization program for liberated areas, we have a strict set of procedures to manage the risks that accompany working in such a difficult environment. We continue to strengthen these procedures in close cooperation with independent evaluation and investigation offices.”

Regarding the stabilization program for the liberated areas, he explained that: “In 2015, at the request of the Government of Iraq and with the assistance of the international donor community, the United Nations Development Program in Iraq established the Stabilization Program for the Liberated Areas to implement a program characterized by steady and accelerated steps to carry out reconstruction activities that provided benefit.” To millions of Iraqi citizens so far.”

He added, “The program has enabled the return of nearly five million displaced Iraqis out of six million, who would have remained stuck in displacement camps for many years had it not been for these purposeful projects. Through the completion of more than 3,600 projects, the Iraqi communities in which they live have become About 8.3 million people are now able to obtain basic services that have been rebuilt or rehabilitated, including schools, hospitals, water and electricity networks, housing, and roads.”/End 5   https://ninanews.com/Website/News/Details?key=1102926

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

Top 100 Inspirational Quotes  Compiled By Kevin Kruse 

 Inspirational quotes and motivational quotes have the power to get us through a bad week, and can even  give us the courage to pursue our life’s dreams.  In my book, 4 Keys to Happiness and Fulfillment at Work, By Kevin Kruse, I share surprising research into the true triggers of workplace motivation.

 So in the spirit of self motivation, here are 100 inspirational quotes.

6. I’ve missed more than 9000 shots in my career. I’ve lost almost 300 games. 26 times I’ve been trusted to take the game winning shot and missed. I’ve failed over and over and over again in my life. And that is why I succeed. – Michael Jordan

7. The most difficult thing is the decision to act, the rest is merely tenacity. – Amelia Earhart

8. Every strike brings me closer to the next home run. – Babe Ruth

9. Definiteness of purpose is the starting point of all achievement. – W. Clement Stone

10. The past is a ghost, the future a dream. All we ever have is now. – Bill Cosby

11. Life is what happens to you while you’re busy making other plans. – John Lennon

http://www.forbes.com/sites/kevinkruse/2013/05/28/inspirational-quotes/

Goldilocks' Comments and Global Economic News Wednesday AM 1-24-24

Goldilocks' Comments and Global Economic News Wednesday AM 1-24-24

Good Morning Dinar Recaps,

Figure Technologies Incorporated is looking for regulatory approval from US authorities.

They are looking to initiate to the public an interest-bearing stablecoin. It will establish a new category for stablecoins.

This particular stablecoin will give Federal legitimacy to the new digital economy.

If approved, Figure Technologies Incorporated will be the first issuer of a stablecoin regulated as a security in the United States.

The stablecoin will accrue daily interest, and it will distribute a monthly gain to their holders.

The interest will come from reserves backed by the Treasury, Commercial Paper (cash), Corporate Bonds (SOFR) and other assets.   CryptoNewsFlash Link

© Goldilocks

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"To:
Chief Executive Officers of All National Banks, Federal Savings Associations, and Federal Branches and Agencies; Department and Division Heads; All Examining Personnel; and Other Interested Parties

The Securities and Exchange Commission (SEC) has adopted final rules that shorten the standard settlement cycle for most broker-dealer transactions from the second business day after the trade date (T+2) to the first business day after the trade date (T+1). The compliance date for this change is May 28, 2024."

The final rule means it's being implemented now, and all banks have until the end of May to be compliant. This does not affect currency rate changes.

The next and final step later this year is to go to instant settlement cycles.  OCC Link

© Goldilocks

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Two important events this week could determine the future of Fed rate policy | CNBC
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Banking Announcement:

The disruption to traffic via the Red Sea/Suez Canal route could continue for months.

The higher freight costs and the delays in deliveries could reignite inflation.

Central bank interest rate cuts could be delayed by a few months if monetary policymakers see an uptick in inflation.

OilPrice Link

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Digital economy named as one of the main vectors of co-operation between Russia and India | TV BRICS, 22.01.24

"We are united by the common goal of building the most modern infrastructure, creating a safe and comfortable urban environment. One of the most promising areas of our co-operation is undoubtedly information technology and digital economy. India and Russia are striving to become leaders in this field, and joining forces can create a synergistic effect," Cheremin said.

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From stall to supermarkets, India’s QR codes show the future of payments.  India’s Unified Payments Interface revolutionises finance for more than 1 billion people   The Sydney Morning Herald

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2024-01-22 07:13:55

Vietnam Digital Freight Forwarding Market Precision Pathways Navigating the Importance of Market Segmentation | Taiwan News 

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Trade settlement in Chinese RMB soars 600pc | Business Recorder

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UK Regulators Consult on Operational Resilience for Critical Third Parties | Katten Muchin Rosenman LLP | JDSupra

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"Tidbits From TNT" Wednesday Morning 1-24-2024

TNT:

Tishwash:  The Spanish Minister of Foreign Affairs, European Union and Cooperation visits Baghdad today

The Spanish Minister of Foreign Affairs, European Union and Cooperation, Jose Manuel, will arrive in Baghdad this evening, Wednesday, on an official visit, to begin his visit program tomorrow morning.

The Iraqi Foreign Ministry said in a statement, a copy of which {Al-Furat News} received, that Manuel "will meet with Deputy Prime Minister and Foreign Minister Fuad Hussein, then meet with the President of the Republic, Abdul Latif Jamal Rashid, and the Prime Minister, Muhammad Shiaa al-Sudani."

It was stated that "the visit will focus on bilateral relations within the framework of enhancing joint cooperation between the two friendly countries."   link

Tishwash:  urgent Iraq is preparing a complaint to the Security Council against the American bombing

The Iraqi Ministry of Foreign Affairs condemned the American bombing on Popular Mobilization Forces positions in the Babil and Anbar governorates at dawn on Wednesday.

Its statement stated, "The government of the Republic of Iraq expresses its strong denunciation and condemnation of the American aggression against the provinces of Babylon and Anbar, represented by the bombing of safe Iraqi military places with large bombs, which led to casualties among members of the security forces."

The statement added, "The government of the Republic of Iraq considers this behavior an aggression against the sovereignty of Iraq and the security of the Iraqi people, and an abuse of the implementation of the security agreement between the United States and Iraq and reflects strongly on the security of the region."

The statement indicated that the Iraqi government "confirms that it will take all legal measures against him, including submitting a complaint to the UN Security Council."  link

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Tishwash:  Iraqi-international coordination to begin implementing the “electric bus” in Baghdad

The Ministry of Transport has begun activating the electric bus project in Baghdad, as part of its plan to reduce traffic congestion, in coordination with the World Bank.

Director of the Ministry's Media Office, Maytham Al-Safi, explained, "The Ministry seeks to restart mass transportation projects in the capital, Baghdad, as it serves many segments of people with limited income, in addition to reducing the traffic congestion that the city witnesses on a daily basis and the environmentally polluting emissions it produces."

He pointed to "coordination in this regard with the World Bank to implement the electric bus project, or the so-called (Baghdad Bus Project), to provide support to the Ministry of Transport, specifically the General Company for Passenger Transport, for the purpose of purchasing modern electric buses that transport citizens within the capital."

He noted "the identification of mass transportation routes in Baghdad and the modern mechanisms included in the project, as well as the preparation of comprehensive studies and the employment of available resources to make the work successful in it, as well as setting a time frame for its launch," pointing out that "the project will not be limited to the capital and will include a number of governorates, Including the governorates of Dhi Qar, Salah al-Din, and Anbar, provided that its activation in the rest of the governorates will be studied successively.”

Al-Safi stated, “The Ministry has begun implementing mass transportation plans, by sending red buses to operate on the main streets in Baghdad and the governorates and determining their routes, in addition to organizing the work of public transportation garages and introducing the latest electronic systems to follow up on violations within them, in addition to rehabilitating a large number of them.”   link

Mot:  . sooooooooo thankful fer the Scammers out there!!!

Mot:  ... What a Pair!!!