Iraqi News Highlights and Points to Ponder Monday AM 2-5-24

Iraqi News Highlights and Points to Ponder Monday AM 2-5-24

Parliamentary Finance Reveals Amendments To The Budget Schedules To Be Announced In The Middle Of This Month

Information / Baghdad..    Member of the Parliamentary Finance Committee, Representative Moeen Al-Kadhimi, announced on Monday that the current month will witness the arrival of amendments to the budget schedule for the current year to the House of Representatives.

Al-Kadhimi told Al-Maalouma, “The mini-economic council formed by the Council of Ministers is in the process of putting the final touches to amending the budget schedules for the current year, and it is likely that the amendments will reach Parliament in the middle of this month for approval.”

He added, "The government's amendments included an increase in financial allocations for the food ration, an increase in oil production costs, and an increase in social welfare allocations."

Member of the Parliamentary Finance Committee, Representative Mustafa Al-Karaawi, explained that the tripartite federal budget for the years 2023, 2024, and 2025 stipulated that the House of Representatives be provided with updated tables for the 2024 budget in order to discuss the issue of increase or decrease in financial allocations according to expected revenues and according to the fixed oil price. .   LINK

A Slight Decline In Dollar Prices In Baghdad And Erbil With The Opening Of The Stock Exchange

2024-02-05 Shafaq News/ The prices of the US dollar against the Iraqi dinar decreased slightly, on Monday, in the markets of Baghdad and Erbil, the capital of the Kurdistan Region.

Shafaq News Agency correspondent said that dollar prices fell with the opening of the main Al-Kifah and Al-Harithiya stock exchanges in Baghdad to record 152,200 Iraqi dinars against 100 dollars, while the prices yesterday, Sunday, were 152,300 Iraqi dinars against 100 dollars.

Our correspondent indicated that the selling prices in the exchange shops in the local markets in Baghdad stabilized, as the selling price reached 153,250 dinars, while the purchasing price reached 151,250 dinars for every 100 dollars.

As for Erbil, the dollar also recorded a decline in banking shops, where the selling price reached 151,900 dinars against 100 dollars, and the purchase price reached 151,800 dinars against 100 dollars.  LINK

Iraq's Oil Exports To America Exceed Five Million Barrels Within A Month

Energy  Economy News _ Baghdad  The US Energy Information Administration announced on Monday that Iraq's oil exports to the United States amounted to more than five million barrels during the month of January.

The administration said in a table seen by Al-Iqtisad News, “Iraq exported 5.387 million barrels of crude oil to America during the month of January, with an average export of 173 thousand barrels per day, lower than the month of December 2023, when its exports amounted to 5.611 million barrels, with an average of 193 thousand barrels per day.

She added, "Iraq exported crude oil to America during the first week of last January at an average of 192 thousand barrels per day, while the average export decreased to 64 thousand barrels per day in the second week, and exported an average of 206 thousand barrels per day in the third week, and in the fourth week." The average reached 205 thousand barrels per day.

She pointed out that "Iraq ranked fifth in its exports to America during the past month after Canada, Mexico, Saudi Arabia, and Brazil, and ranked second in the Arab world after Saudi Arabia, whose exports amounted to nine million barrels," indicating that "Canada ranked first as the country that exports the most oil to America." Followed by Mexico. Views 34 02/05/2024 -

https://economy-news.net/content.php?id=40152

A List Of Dollar Prices From Erbil To Basra...Continuous Fluctuation

Money  and business  Economy News – Baghdad  Title News publishes the dollar exchange rates on Iraqi stock exchanges during Monday’s trading.

Exchange rates recorded fluctuations, as they reached 152,400 on the Al-Kifah Stock Exchange, in the capital, Baghdad, while in Basra they rose slightly, reaching 152,650 dinars for every 100 dollars.

As for the governorates of the Kurdistan Region, dollar prices stabilized at 152 thousand dinars per hundred dollars.   Views 58 02/05/2024 - https://economy-news.net/content.php?id=40158

Morning List Of Dollar Exchange Rates In Eight Governorates

Economy |Baghdad today -, Monday (February 5, 2024), the exchange rates of the dollar against the dinar recorded relative stability compared to prices yesterday evening, Sunday, in most Iraqi governorates.  The Central Bank of Iraq sells the dollar at the official price (1,320 dinars per dollar) .

Here is a morning list of exchange rates for $100 against the dinar:

$100 = 152,250 Baghdad   $100 = 152,300 Basra   $100 = 151,950 Erbil   $100 = 152,300 Kirkuk

$100 = 152,000 Sulaymaniyah   $100 = 151,900 Dohuk   $100 = 152,350 Najaf   $100 = 152,000 Mosul

The exchange rates of the dollar against the dinar yesterday evening, Sunday (February 4, 2024) on the Al-Kifah Stock Exchange in Baghdad, reached 152,250 dinars (selling price).    LINK

After The Movement To Cut Off Oil From Jordan... An Accounting Inventory: 15 Thousand Barrels Per Day For Less Than $16

Economy | Baghdad today -, Monday (February 5, 2024), economic expert Nabil Al-Marsoumi revealed the amount of oil exported to Jordan, while noting that Iraq exports 15,000 barrels daily at a price 16 dollars less than Brent crude.

The accounting inventory that the economic expert explains comes in light of the political and popular uproar due to news of Jordan’s participation in the attack carried out by Washington on the sites of the Popular Mobilization Forces in western Iraq, while social media pioneers wonder about Amman’s reaction to Baghdad and “Is this how the reward for charity is?” and “is it?” Jordan is ready to sever economic relations with Iraq?

In numbers: Iraq's exports to Jordan

Al-Marsoumi said in a statement received by “Baghdad Today” that “Iraq used to export to Jordan during the time of the previous regime 100,000 barrels per day, half of it for free and the other half at preferential prices.”

The economic expert added, "In 2006 - at the time of the first Maliki government - Jordan and Iraq signed a memorandum of understanding to prepare and transport Iraqi crude oil to Jordan with 10,000 barrels per day of crude oil, rising to 15,000 barrels, to be increased in the future to 30,000 barrels at a discount of up to $18." per barrel compared to the international price (Brent crude oil price).”

He pointed out that "it was increased in 2008 to $22 per barrel instead of $18 per barrel, with the option of loading from the Iraqi (Haditha) region."

Al-Marsoumi explained, “The new memorandum that was signed between the two sides on February 2, 2019, in which Iraq exports 10,000 barrels per day to Jordan, is an exact copy of the previous memorandum, except that the price equation is two dollars less.”

The economic expert stated, “Instead of $18, it was agreed upon $16 less than the price of Brent oil (about $13 less than the average selling price of Iraqi oil in global markets) to cover the cost of transportation between Kirkuk and Zarqa, with differences in the quality of crude oil.” Kirkuk for Brent crude oil, and the quantity exported to Jordan was recently increased to 15 thousand barrels per day.”

Jordan's participation in the bombing

After the news circulated about Jordan’s participation in an attack on western Iraq, the House of Representatives witnessed a movement to cut off Iraqi oil subsidized to Jordan, as Representative Mustafa Sanad revealed, on Saturday (February 3, 2024), that signatures of members of the House of Representatives had been collected to issue a parliamentary decision obligating the Ministry of Oil to stop selling oil. Supported by Jordan.

But on the other hand, Mudar Adnan Zahran, Secretary of the Jordanian Opposition Coalition, said, citing Jordanian military sources, in a tweet followed by “Baghdad Today,” that Jordanian aircraft did not participate in the ongoing air strikes on Iranian targets in Syria, and there is no truth to the Wall Street Journal’s report on “ "Targets scheduled later for Jordanian Air Force aircraft."    LINK

Points To Ponder on Advice Quotes and Quotations  

'Be yourself!' is about the worst advice you can give to some people. - Tom Masson

A bull does not enjoy fame in two herds.  - Rhodesian proverb

Fewer things are harder to put up with than the annoyance of a good example.  - Mark Twain

The only thing to do with good advice is to pass it on. It is never of any use to oneself.  - Oscar Wilde

A good scare is worth more to a man than good advice.  - Edgar Watson Howe

Advice is seldom welcome; and those who want it the most always like it the least.  - Lord Chesterfield

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

"Tidbits From TNT" Monday 2-5-2024

TNT:

Tishwash:  Can Iraqi oil be sold in currencies other than the dollar?

 Economic researcher, Ziad Al-Hashemi, commented on the reality of demands to sell oil in currencies other than the dollar.

Al-Hashemi said in a post on the “X” platform, followed by “Jarida”, that “there are emotional parliamentary and non-parliamentary demands demanding that the Iraqi government sell oil in currencies other than the dollar.”

Regarding the logic and realism of these demands, the economic researcher explains, “Theoretically, Iraq and other countries can sell their oil exports in any currency other than the dollar. This is a sovereign decision for the state and it has the freedom to make it, but oil is an economic and political weapon that has a direct impact on the global economy.” There is high sensitivity and caution when dealing with oil as an export commodity, as everything related to oil has international economic and even political repercussions.”

He added, “The global oil pricing currency is the dollar, and there is a strong interconnection between a barrel of oil and the US dollar, which after 1973 was determined by what is called the petrodollar, and any violation of this rule will incur very large losses to Iraq, which will go to exchange rate differences between the dollar and the rest of the currencies.”

Al-Hashimi stated, “The oil-producing countries sell their oil exclusively in dollars, to perpetuate their interests and strategic relations with the United States. Therefore, selling oil for anything other than the dollar is considered a kind of challenge or preparation to enter into a conflict or a state of war with the United States, and here we find that Iraq describes itself as a friend and even an ally of the United States, and its government has no desire to open a confrontation front with the Americans.”

He continued, “The dollar is used to price, buy and sell approximately 60% of the volume of global trade, and this gives countries that receive the dollar great flexibility and strength in managing their trade and imports. When oil is sold in currencies other than the dollar, Iraq will lose this important advantage.”

The economic researcher concluded by saying, “The decision to abandon the sale of oil in dollars is a huge strategic decision that carries risks and wide political and economic consequences that could negatively affect the future of Iraq for decades to come. Therefore, it does not make sense to use this decision as a means of expressing anger at the Americans or As an emotional reaction to the Fed's sanctions.  link

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CandyKissses:  Integrity reveals irregularities and waste of public money in investment projects worth (10) billion dinars in Dhi Qar

 Economy Baghdad News

The Federal Integrity Commission revealed  violations and waste of public money estimated at ten billion dinars in investment projects in Dhi Qar Governorate.

The authority stated in a statement, seen by "Economy News", that "the work team of the Commission's investigation office in Dhi Qar set the priorities of three investment licenses in the Governorate Investment Authority, after noticing that they committed violations in them," indicating that "the authority did not follow up the contracting mechanism between the investor and the beneficiaries of the housing units in a residential investment complex at a cost of (5,589,785,000) billion dinars," explaining that the Dhi Qar Oil Company committed violations in the project to establish a residential complex with (2,742,625,000) two billion dinars.

In its statement, the authority pointed to "the monitoring of waste of public money in a residential investment complex for public employees, represented by the State Real Estate Department in the province transferring the ownership of land to the municipality of Nasiriyah, which in turn granted it to an investor, contrary to the controls, which led to depriving employees of the Military Housing Directorate of allocating it as plots of land for officers and ranks, as well as depriving the state treasury of obtaining funds resulting from the sale of land."

The statement pointed out that "the Investment Authority and the municipality of Nasiriyah manipulated and transferred the license of an investment project at a cost of (2,000,000,000) two billion dinars from one investor to another under the pretext of waiving the first investor."

In its statement, the authority confirmed "the occurrence of waste of public money in the process of selling (16) residential plots of land in the municipality of Nasiriyah at auctions at prices that do not match the prevailing prices in the market, pointing out that auctions were organized in a formal manner and the auction of each piece was limited to one person, despite their previous benefit."

On the other hand, the authority said that "in the Directorate of Education in the governorate, the team noticed violations of instructions and controls in the restoration and rehabilitation of (4) schools at a cost of (486,819,000) million dinars, within the "Emergency Support for Food Security and Development" program.

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CandyKisses:  In an emergency meeting.. State administration condemns US bombing and considers it a serious attack

 Shafaq News / The State Administration Coalition held an emergency meeting on Sunday, at the invitation of Prime Minister Mohammed Shia Al-Sudani, and in the presence of President Abdul Latif Rashid, to follow up on the developments of "serious events" in the country, according to a statement issued by the coalition and reported to Shafaq News.

In its statement, the coalition expressed its "strong condemnation of the American aggression that targeted the sites of the Popular Mobilization on the night of February 2/3, and resulted in the martyrdom and injury of dozens of affiliates and civilians, which is a serious attack on an official Iraqi security institution, which represents a violation of Iraq's sovereignty and security, and a violation of international norms and laws governing relations between countries."

The coalition renewed its authorization to the government and its support for the dialogue it is conducting with the international coalition to end this presence with understanding and dialogue, in order to ensure the building of bilateral relations between Iraq and the countries of the international coalition, which was confirmed in the recent agreement between Iraq and the United States.

The coalition expressed its rejection of all forms of attacks against Iraqi military bases, as well as the targeting of military advisers, from the countries of the international coalition who work within specific advisory and training tasks.

The coalition stressed the support of the government in not allowing any party to drag Iraq into the arena of conflict in the region, and the supreme national interest of Iraq must be placed above any other interest, and that the responsibility of everyone is to ensure the maintenance of security and stability in the country, which was achieved through great sacrifices made by our people and our armed forces of all kinds.

Early on Saturday morning, the U.S. Army Central Command reported that its forces had launched airstrikes in Iraq and Syria targeting positions of the Islamic Revolutionary Guard Corps’s Quds Force and militia groups.

U.S. military forces hit more than 85 targets with several aircraft housing long-range bombers launched from the United States, the command said in a statement.

According to the statement, the airstrikes used more than 125 precision-guided munitions, noting that the targets included command and control headquarters, intelligence centers, missile, draves, ammunition and logistics supplies belonging to the militias and the Revolutionary Guards.

US President Joe Biden had directed military forces to strike targets in Iraq and Syria used by the Iranian Revolutionary Guards and their affiliated militias to attack US forces, he said, stressing that although the United States does not seek an escalation in the Middle East, it will inevitably respond to those who harm Americans.

White House National Security Council spokesman John Kirby confirmed Saturday that the Iraqi government had already been informed before launching the airstrikes.

In turn, the spokesman for the Iraqi government on behalf of Al-Awadi denied that there was prior coordination between Baghdad and Washington on the strikes by US forces targeting the positions of the security forces in the western province of Anbar, confirming that 16 dead and 25 wounded as a result of that "aggression."

On Saturday, the Iraqi Foreign Ministry summoned the Chargé d'affaires a.i. at the U.S. Embassy in Baghdad David Berker in protest against the bombing.

Mot:  .ooooooh the Exciting Life Earl Lives!!!! 

Mot: . Yeppers!! - More insight into Raising the ""Wee Folks"" from ole ""Wise Mot"" of course!

Iraq Economic News and Points to Ponder Sunday Evening 2-4-24

Iraq Economic News and Points to Ponder Sunday Evening 2-4-24

Tlm724 Administrator Bondlady’s Corner

Central Iraqi Sales Within A Day: Recorded An Increase In External Remittances

Money and business   Economy News – Baghdad  External remittances increased at the Central Bank’s auction, today, Sunday, by 89% at the expense of cash sales, to reach $198 million.

During its auction for buying and selling the US dollar, the Central Bank of Iraq sold 219 million, 957 thousand and 731 dollars, which the bank 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 external transfers, and for selling in cash.

Most of the bank's dollar sales went to strengthen balances abroad in the form of (transfers, credits), which amounted to 198 million 137 thousand and 731 dollars, an increase of 89% over cash sales amounting to 21 million and 820 thousand dollars.

Views 58 02/04/2024 - https://economy-news.net/content.php?id=40125

Banning 8 Iraqi Banks From Participating In The Foreign Currency Buying And Selling Window (Document)

Iraq   Sunday, February 4, 2024 4:34 PM   Baghdad/National News Center  An official document issued by the Central Bank of Iraq showed that 8 Iraqi banks were banned from participating in the foreign currency buying and selling window.

The document included prohibiting banks from participating in the foreign currency buying and selling window and not dealing in dollars.

The eight banks are (the Iraqi Investment Bank, the Kurdistan International Islamic Bank, the Iraqi Union Bank, Al-Huda Bank, the Assyria International Investment Bank, the South Islamic Bank for Investment and Finance, the Arab Islamic Bank, and Hammurabi Commercial Bank).  https://nnciraq.com/249032/

Learn About The List Of Banks Prohibited From Dealing In Dollars And The Currency Selling Window

Sunday 04, February 2024 17:23 | Economical Number of readings: 224  Baghdad / NINA / The Central Bank issued a list of the names of banks and non-banking financial institutions that are prohibited from participating in the foreign currency buying and selling window, and from dealing in the US dollar currency directly or indirectly./End 5   https://ninanews.com/Website/News/Details?key=1104720

A Slight Decrease In Dollar Prices In Baghdad Markets

Time: 02/04/2024 10:28:42 Read: 2,002 times  {Economic: Al-Furat News} The exchange rates of the US dollar against the Iraqi dinar recorded a slight decline today, Sunday, in the markets of the capital, Baghdad.  The prices were as follows..

The selling price was 153,250 dinars, while the purchase price was 151,250 dinars per 100 dollars. LINK

Oil Prices Fell By 7% During The Week

Economy | 09:59 - 04/02/2024   Mawazine News – Baghdad  Crude prices fell by about 2% the day before yesterday, after strong jobs report data in the United States reduced the chances of lowering interest rates in the largest economy in the world, which may weaken demand for crude.

Oil prices were also affected by the decline in economic growth in China, and the possibility of easing tensions in the Middle East, according to Reuters.

Brent crude futures fell by $1.37, or 1.7%, at settlement to $77.33, and US West Texas Intermediate crude futures fell by $1.54, or 2%, at settlement to $72.28. Both benchmarks lost about 7% during the week.    https://www.mawazin.net/Details.aspx?jimare=241557

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

Advice Quotes and Quotations   

But one must know where one stands, and where the others wish to go.  - Goethe

No man ever listened himself out of a job.  - Calvin Coolidge

Thanksgiving comes after Christmas.  - Peter Kreeft

To make pleasure pleasant, shorten.  - Charles Buxton

Put all thine eggs in one basket and - watch that basket.  - Mark Twain

Don't offer me advice, give me money.  - Spanish proverb

If you aren't rich, you should always look useful.  - Louis-Ferdinand Celine

He who can lick can bite.  - French proverb

I give myself, sometimes, admirable advice, but I am incapable of taking it.  - Mary Wortley Montagu

'Be yourself!' is about the worst advice you can give to some people. - Tom Masson

A bull does not enjoy fame in two herds.  - Rhodesian proverb

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

Goldilocks' Comments and Global Economic News Sunday Evening 2-4-24

Goldilocks' Comments and Global Economic News Sunday Evening 2-4-24

Good Evening Dinar Recaps,

The IMF currently has a Working Paper. A Working Paper is preliminary research that enables a new project, or in this case, a new digital asset based trading system to have a working model to test its theories.

We already know the new digital asset based trading system is being tested and the payment networks through the use of stablecoins are already in pilot programs.

These pilot programs allow the QFS to be viewed to see how they're working model is going to operate Globally. This is where regulations come into play allowing us to formulate a final paper called a White Paper.

A White Paper allows us to take research material into pilot phase programs whereby recommendations and implementation processes are given direction to proceed.

We are in process of moving to White Papers that will allow us to move forward with technological interfaces that will be used in the digital asset-based trading system.

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

During Protocol 20 activation from the vote that is about to take place on February the 20th, 2024, we will begin to see these Quantum Technological Networks begin to interface with one another Globally.

From the Stellar Protocols, we have learned that it will take weeks and not months to finish or populate within the QFS. When we see the White Papers being presented from the IMF, we will be well on our way to integrating our new Financial System into Global networks.

90% of the Fortune 500 companies are expected to be digitized by the end of this year. This is and always has been a process, but we are inside the final steps that will allow us to soon integrate many of the Quantum Technologies into actual practice.

To kickstart these new Technological Systems, we will need a payment system to pay for their existence. These new digital payment systems are currently being tested and regulated for final White Paper distribution from the IMF and the World Bank.

These announcements from the IMF and the World Bank will provide us with a Bretton Woods III announcement we have been looking for to start the new Digital Economy.

© Goldilocks
IMF
Minneapolis Fed
eLibrary Worldbank
Investopedia
Daily Host News

~~~~~~~~~~

It is the Bretton Woods 3 Announcement that will call the RV.

© Goldilocks

~~~~~~~~~~

Peso rises to 55: $1 as dollar weakens | Business Inquirer

~~~~~~~~~~

International Bank for Reconstruction and Development |  World Bank

~~~~~~~~~~

Experts: Mortgages won’t be voided by a digital currency | AP News

~~~~~~~~~~

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Iraq Economic News and Points to Ponder Sunday Afternoon 2-4-24

Iraq Economic News and Points to Ponder Sunday Afternoon 2-4-24

Tlm724 Administrator Bondlady’s Corner

The Prime Minister's Advisor Details The Indicators Of The Efficiency Of Iraq's Foreign Reserves

Baghdad - INA - Nassar Al-Hajj  , the financial advisor to the Prime Minister, Mazhar Muhammad Salih, detailed today, Saturday, indicators of the efficiency of foreign reserves, while stressing that

they indicate that Iraq today is better off in its financial history. Saleh said, to the Iraqi News Agency (INA), that    “Iraq’s oil revenues will remain the main source of growth in the country’s foreign currency reserves, and  those reserves will rise with the rise in the cycle of oil assets,  all of which lead to an increase in indicators of the efficiency of foreign currency reserves, whether commercial efficiency.”

 (Covering the mentioned reserves for the number of import months for Iraq, which currently exceeds 15 months compared to the global standard of three months),

or in covering the money supply, or by the fact that these foreign reserves in proportion have the ability to cover the external debt services payable.”  He added,  "The country's oil revenues still provide 98% of the assets of the investment portfolio for the country's foreign currency reserves, whether in monetary gold or various foreign currencies.

 All indicators of the efficiency of foreign reserves mentioned above indicate that Iraq today is in the best condition in its financial history."

 These reserves flourish and grow with the index of the growth rate in the current account surplus of the balance of payments to the country’s gross domestic product, which was

 estimated for the year 2023 at approximately (positive 9%), and is

 estimated for the year 2024, at the same similar rate,

according to data published by international credit evaluation institutions for Iraq.". He pointed out that

 “there are standard investment mechanisms and guides approved globally by the monetary authority in managing the country’s foreign currency reserves, as

 their tools and methods are evaluated in consultation with multilateral international financial organizations, including the International Monetary Fund and the World Bank, on a periodic basis to ensure optimal management of reserves, whether in Providing adequate returns, sufficient liquidity and low risks at the same time.”  He continued:

 “It takes into account avoiding all forms of risks, whether the risks of

      currency exchange rate fluctuations,

     interest, or liquidity risks, as well as the

     legal risks in managing those reserves, which are the basis of the country’s foreign investment portfolio, and

 today they represent something similar to the Iraqi dinar exchange rate stabilization fund that it defends.”

The country's monetary policy represents assets or assets corresponding to the national currency issued as (liabilities) and adequate coverage of the dinar to ensure its stability, in addition to the role of reserves in financing foreign trade for the private sector.  At the conclusion of his speech, he stressed that,

 “As the cycle of oil assets increases, the country’s foreign assets increase and inevitably rise in the country’s investment portfolio.”    https://www.ina.iq/202425--.html

Iraq Is Among The Countries That Buy The Most Gold In 2023

 Three Arab countries, including Iraq, are on the list of central banks that are purchasing the most gold in 2023, amid countries continuing to enhance their reserves of the yellow metal as a safe haven, especially with the current economic and geopolitical crises.

 Recent data collected by the Energy Research Unit shows that the central banks in Libya, Iraq, and Qatar are among the top 10 buyers of gold during 2023.

According to these data, global central banks’ net purchases of gold decreased last year to 1,037.4 tons, compared to 1,081.9 tons in 2022, but it is still the second highest level in more than 55 years.

 *-Libya is among the top 5.

 The People’s Bank of China topped the list of central banks purchasing the most gold in 2023, with a volume of 224.88 tons, according to the report issued by the World Gold Council.

 The Chinese Central Bank's gold purchases last year were the country's highest since 1977, bringing its total reserves of the yellow metal to 2,235 tons.

In second place on the list of central banks purchasing the most gold in 2023, the Polish Central Bank came with a purchasing volume of 130.03 tons, which is the highest annual rate ever for the country, bringing the total official gold reserves of the European country by 57% to 359 tons.

 The Central Bank of Singapore came in third place with a purchase quantity of 76.51 tons, being the only buyer from developed markets, bringing its total reserves of the yellow metal to 230 tons.

 Libya ranked fourth on the list of central banks purchasing the most gold in 2023, with the Central Bank purchasing about 30.01 tons, which is the first purchase since 1998-1999, which raised its total reserves of the yellow metal to 147 tons.

Fifthly, the Czech National Bank came with a purchasing quantity of 18.71 tons, the highest annual rate since 1993; Bringing his total reserve to 31 tons.

 *Iraq and Qatar are on the list

 in sixth place on the list of central banks purchasing the most gold in 2023. The Central Bank of India came in, with a volume of 16.22 tons.

The Central Bank of Iraq came in seventh place, and the Qatari Central Bank ranked eighth, with a purchase quantity of gold that reached 12.25 tons and 7.44 tons last year, respectively.

 In ninth place came the Central Bank of the Philippines with a purchase amount of gold amounting to 7.1 tons, and Kyrgyzstan came in tenth with a volume of 6.95 tons.

 The European Central Bank came in eleventh place on the list of central banks purchasing the most gold in 2023, with a quantity reaching 1.74 tons, followed by the Central Bank of Serbia, with a purchase volume reaching 1.04 tons.

 Central banks will buy the most gold in 2023

 *Demand for gold in 2023

 Since 2010, global central banks have been net buyers on an annual basis, adding 7.8 thousand tons to their gold reserves during this period, with more than a quarter of this amount purchased during the past two years alone.

 According to the World Gold Council report, global demand for gold - excluding the over-the-counter market - declined to 4,448 tons in 2023, compared to 4,699 tons the previous year.

In contrast, consumer demand for gold - the demand for gems - stabilized at 2,093 tons during 2023, a slight increase from 2022, which amounted to about 2,089 tons.

https://altaghier.tv/2024/02/03/العراق-ضمن-أكثر-الدول-العالمية-شراءً-ل/

https://images.weserv.nl/?url=ninanews.com/Uploads/Images/2024/2/1104727-6c143c44-ab43-45ce-a40c-01acddf50f84.jpg

The Docking Of A Newly-Made Ship, The Largest In Its Capacity, Entering Iraqi Ports For The First Time

Sunday 04, February 2024 18:07 | Economical Number of readings: 193

Basra / NINA / The Iraq Ports Company announced the docking of the newest ship, which is considered the largest in terms of its capacity, and entered the northern port of Umm Qasr for the first time.

The Director General of the Iraq Ports Company, Engineer Farhan Al-Fartusi, said that the northern port of Umm Qasr received a ship (MSC Berangere) carrying about 2,659 containers and docked at berths 14 and 15. It is the newest ship manufactured in the year 2023 and for the first time it enters Iraqi ports.

He added. The ship that docked today, Sunday, at the docks of the northern port of Umm Qasr, is the largest ship in terms of its carrying capacity that has entered Iraqi ports, with a load capacity of 15,413 TEU containers, a length of about 366 meters, a width of 51 meters, and a draft of up to 17 meters, and its carrying capacity in terms of weight reaches about 149,944. tons of payload.

It is noteworthy that the ship docked at Arab and international ports. It set off with its cargo from China, coming from the port of Dammam, to dock at the end of its journey at the northern port of Umm Qasr./End    https://ninanews.com/Website/News/Details?key=1104727

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

"Tidbits From TNT" Sunday 2-4-2024

 TNT:

Tishwash:  Baghdad and Moscow discuss the work of Russian oil companies in Iraq and seek to find solutions to the obstacles facing their work

Baghdad and Moscow discussed the work of Russian oil companies in Iraq and sought to find solutions to the obstacles facing their work.

A statement by the Ministry of Foreign Affairs stated that the Iraqi Ambassador to the Russian Federation, Qahtan Taha Khalaf, met with the Russian Deputy Minister of Energy, Sergei Mogalnikov, in the Ministry of Energy building.

During the meeting, bilateral relations and ways to strengthen them in a way that serves the interests of both countries were discussed. The possibility of preparing for holding meetings of the tenth session of the Committee was also discussed. The joint Iraqi-Russian issue, in addition to the issue of naming the presidency of the subcommittees related to the work of the committee.

According to the statement, the two sides also discussed the work file of Russian oil companies in Iraq and the quest to find solutions to the obstacles facing their work.

The meeting was attended, according to the statement, from the Russian side by representatives of Lukoil and Gazprom and the advisor at the embassy, ​​Ali Abdel Karim Atiwi.” link

CandyKisses:  Al-Fayyad: US aggression will not go unnoticed and Iraq must be cleansed of foreign presence

Shafaq News / The head of the Popular Mobilization Committee, Faleh al-Fayyad, said on Sunday that the US aggression on the headquarters of Anbar operations for the mobilization "will not go unnoticed."

Al-Fayyad added in a speech during the funeral of the victims of the crowd who died in the US bombing on the areas of Al-Qaim and Akashat in Anbar, and followed by the Shafaq News Agency, that "the American aggression was a direct targeting of the Popular Mobilization Forces," explaining that "this incident will not go unnoticed because it represents a rude targeting."

He continued, "We will not accept that the blood of our sons is a cheap political material," stressing that "the land of Iraq must be cleansed of foreign presence."

The death toll of the strikes by the United States forces on the mobilization sites in Anbar province on Sunday rose to 17 victims, after an official security source reported the death of the commander of the third battalion of the Armor Fighting Directorate of the Popular Mobilization Forces from his wounds.

The US military's Central Command reported early Saturday that its forces had carried out air strikes in Iraq and Syria targeting positions of Iran's Islamic Revolutionary Guard Corps Quds Force and affiliated militia groups.

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CandyKisses:  The “Iraqi Resistance” prepares to start the third phase of the conflict with Washington

Shafaq News / The "resistance" factions in Iraq are preparing to turn to the third phase of the conflict with the United States of America by responding to sources of fire by targeting their bases in neighboring countries or that embrace American forces.

It comes after the United States, at 11 o'clock on Friday evening, began the first round of U.S. retaliation for the killing of 3 soldiers in the Jordan attack.

U.S. fighter jets began launching strikes in areas of Iraq and Syria, and lasted for more than two hours, at a time when US President Joe Biden warned that these strikes would continue.

These strikes on Iraqi security sites in the areas of Akashat and Al-Qaim, west of Anbar province, led to 16 victims and 25 injuries, including civilians.

Prime Minister Mohammed Shia Al-Sudani directed, on Saturday, the announcement of general mourning in all state departments and institutions, in order to have mercy on the lives of the victims from the armed forces and civilians.

Switching to the third stage

In this context, the spokesman for the Sayyid al-Shuhada Brigades, Sheikh Kazem Al-Fartousi, says that "the targetings that affected the popular crowd and civilians are not a stranger to the occupier and the American enemy, and this is a part of the ongoing war between us and the occupier."

On the news that spoke about Jordan's participation in the implementation of these strikes, Al-Fartousi explains to Shafaq News that "a clear and clear message was delivered to these countries that embrace American bases and participate in targeting Iraq such as Kuwait, Saudi Arabia and Jordan, with the possibility of turning to the third stage, which is to respond to the sources of fire by targeting US bases located on their territory, and we are able to do so, as evidenced of our arrival at the port of Ashdod and Haifa."

According to some information, on Saturday, F-16s belonging to the Royal Jordanian Air Force participated in the U.S.-led airstrikes last night.

This was likely in response to the drone attack that took place against a US base on the Jordanian border, known as “Tower 22,” in late January, press sources said.

The sources pointed to the Jordanian planes joining after their targets were identified, according to the Wall Street Journal, and pointed out that Jordan's role came to show solidarity with the United States in the wake of the drone raid on Tower 22, a military site in Jordan near the Syrian border.

But an official military source at the General Command of the Jordanian Armed Forces, said on Saturday, that the Royal Jordanian Air Force did not participate in the airstrikes carried out by the US Air Force inside Iraqi territory.

The source said, according to the official Jordanian agency Petra, that "there is no truth in the press reports that were circulated this morning about the participation of Jordanian aircraft in the operations carried out by US aircraft inside Iraq."

The source stressed that "the Jordanian armed forces - the Arab army, respect the sovereignty of brotherly Iraq," stressing "the depth of brotherly relations that bring Jordan with all Arab countries."

An attempt to stir sedion between countries

For his part, Jordanian writer and political analyst Amer Al-Tal says that "the American strikes are show, as President Biden needs to save the face of the United States of America in front of the American public as he is running the election race."

Al-Tal believes in an interview with Shafaq News that "the United States of America does not need the Jordanian Air Force to launch strikes, it has enough and is able to hit any area you want, so this talk comes within an attempt to fragment the region politically and morally by provoking strife between the surrounding countries."

Taking American troops out of the region in general

In turn, the deputy for the Sadiqun bloc, Mohammed Al-Baldawi, confirms that "what the United States of America has done and its agents in the region by bombing and targeting Iraqi territory, violating Iraq's sovereignty and elevating this good three of martyrs indicates the treachery and cowardice of these actions, and indicates the great danger that threatens the world because of the American presence in this region."

Al-baladawi adds to Shafaq News that "these criminal acts confirm the need to remove American forces from the region and not only from Iraq, to maintain the security and stability of this region."

He explains, "The Gulf region is the heart of the beating world and its source of power is located in Iraq, and that the survival of these forces threatens the security and stability of Iraq and the region, so these criminal acts that try to drag the world into a new war must be stopped," stressing that "the House of Representatives is supportive of the government by removing American forces from Iraqi territory."

The presidency of the Iraqi Council of Representatives expressed its strong condemnation of the American aggression on the Iraqi security positions in the areas of Okashat and Al-Qaim at dawn today, and neighboring civilian places, which led to 16 victims and (25) injuries, including civilians.

The presidency confirmed in a statement that "the House of Representatives is determined to hold an extraordinary (emergency) session in the coming days, to identify the recurrence of American attacks on the country, and to put an end to the violations by the international coalition forces of the sovereignty and lives of Iraqis," noting that "the repetition of American targets of Iraqi security headquarters is a great disregard that cannot be accepted."

"The situation is out of control"

For his part, political analyst Ali Al-Sahib says that "the American strikes are a blatant attack on the sovereignty of Iraq, and as long as there is an occupying power trying to impose its domination on the Middle East in general and the Gulf region in particular, these strikes will remain, which will confuse the political scene in the region in general."

Al-Sabib continues his talk to Shafaq News, that "the Iraqi-American crisis has begun to worsen, as the armed factions consider the American presence a serious intervention that must be removed, while American forces refuse to leave the country, at a time when the Iraqi government is trying to calm the situation, but it seems that the situation is out of its control."

He stresses the importance of "taking a serious pause from Iraqi diplomacy to denounce the American presence, and send strongly worded messages to the US ambassador and file a complaint even to the Security Council, because these attacks have fell in them many martyrs and terrified citizens."

Speaking about the White House National Security Council spokesman, John Kirby, to inform the Iraqi government before launching the airstrikes, the political analyst considered that they “lies that America fabricate to shake the Iraqi political reality, and create sedition between society or the citizen and his government.”

He explains, "The United States wants to convey a message of this claim to political parties or society, that the Iraqi government is in solidarity with it in these targets, and this is not the first time that the US administration has claimed that its operations have been completed with the approval of the Iraqi government, but this is contrary to reason, because the sovereignty of Iraq is the responsibility of the government and the state as a whole."

The Iraqi government spokesman on behalf of Al-Awadi denied that there was prior coordination between Baghdad and Washington on strikes by US forces targeting security forces positions in the western province of Anbar.

In turn, the Iraqi Foreign Ministry summoned the charge d'affaires of the United States Embassy in Baghdad, in protest against what it called the "American aggression" that targeted Iraqi military and civilian sites.

According to a State Department statement, reported to Shafaf News, the ministry will summon the charge d'affaires of the U.S. Embassy in Baghdad, David Berker, because US Ambassador Alina Romanowski is not present.

According to the statement, the Iraqi Foreign Ministry Berker will hand over an official protest note regarding the "American attack" that affected military and civilian sites in the areas of Akashat and Al-Qaim on Friday evening.

Warnings of counterattacks

In a related context, the professor of political science at George Washington University, Dr. Nabil Michael, "an escalation of the military scene and the war operations currently conducted by America in both Syria and Iraq, which will lead to a kind of instability, and US strikes may lead to counterattacks, especially in Iraq."

Speaking to Shafaq News, Mikhail describes the U.S. response as “abnormal because it creates a state of war and makes Biden a president of war,” likely “continued strikes against pro-Iran militias in Syria, with Hezbollah opening a front in Lebanon.”

Early on Saturday morning, the U.S. Army Central Command reported that its forces had carried out airstrikes in Iraq and Syria targeting positions of the Islamic Revolutionary Guard Corps (IRGC)-Quds Force and affiliated militia groups.

U.S. military forces hit more than 85 targets with several aircraft containing long-range bombers launched from the United States, the command said in a statement today.

According to the statement, the airstrikes used more than 125 precision-guided munitions, noting that the targets included command and control headquarters, intelligence centers, missile stores, darves, munitions and logistics of militias and the Revolutionary Guards.

US President Joe Biden had directed the military forces to strike targets in Iraq and Syria that are used by the Iranian Revolutionary Guards and its militias to attack American forces, he said, stressing that although the United States does not seek an escalation in the Middle East, it will inevitably respond to those who harm the Americans.

‘A futility war leads to disaster’

For his part, the writer and political researcher, Kifah Mahmoud, says that "Iraq's absurd war while it is out of a group of wars that destroyed its economy and its opportunities for progress and increased the rate of poverty and unemployment, not to mention its great impact on the psychology of society over decades, will lead the country to a disaster with the presence of armed groups outside the law and tampering with peace and security of society."

Mahmoud adds to Shafaq News that "the militias are expected and know the results of this, but it seems that the war is their source of livelihood and the legitimacy of its existence, especially as it uses Palestine as a hager for its behavior," he said.

"What is going on is a great challenge to the Sudanese government, which the militias are working to thwart and thwart its program that it promised the people," the writer said.

U.S. and international coalition forces in Iraq and Syria have been subjected to more than 165 attacks since mid-October, many of which have adopted the “Islamic Resistance in Iraq,” an alliance of Iran-backed armed factions that oppose U.S. support for Israel in the Gaza war and the presence of US troops in the region.

Washington responded to previous attacks with a series of strikes in Iraq targeting pro-Iranian groups.

Mot:  ...... Let Us ALL Know!! - K!!!! 

Mot:  ""Doggie Owners"" - Beeeeeee Careful out There!!!!

Goldilocks' Comments and Global Economic News Saturday Evening 2-3-24

Goldilocks' Comments and Global Economic News Saturday Evening 2-3-24

Good Evening Dinar Recaps,

"Rystad Energy has identified 36 potential high-impact wells for 2024, a significant increase from 27 in 2023."

The US Treasury Department and the G7 including the European Union came up with this caping of oil production to ensure price stability during times of inflation.  

Gold and other commodities have been suppressed as well during this time of inflation. It, too, has the tendency to rise during inflationary periods. During the pandemic, many of our gold mines were shut down. In 2023, we had a surge in gold and commodity mining.

These stabilizing efforts have served their purpose for the last few years to take us into controlled price measures. And now, we are in a place of new Economic Development.

Releasing caps on oil mining and gold mining as the new QFS began to connect with Quantum Technologies around the world has given us the opportunity to synchronize our commodity sector with the new digital asset based trading system.

As you can see, 2024 is the year when all of these Quantum Technologies are being interfaced with the commodity markets. By suppressing production in the commodity markets, it has allowed us to spend less time stabilizing this sector of the market and more time coordinating and connecting these mechanisms toward future collaboration.

These efforts have been going on for some time, but the movement into Global Network payment collaboration going forward will begin to really pick up its pace.

These efforts will enable payment systems to coordinate price pressures designed to interface new digital payment systems with the new bull market on gold and other commodities.

"All roads lead to gold, and gold will set us free."

© Goldilocks
Oil Price
Insights
Visual Capitalist

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"Only Qualified Purchasers, a designation granted by the U.S. Securities and Exchange Commission (SEC), which is typically reserved for entities with a net worth exceeding $5 million, will be eligible to acquire USTB."

Whales and institutional money are getting involved with tokenized assets especially the Bond Market.

These US Treasury Bonds will support the infrastructure of the United States. The US Treasury is responsible for the production of our coins and currency. They facilitate the disbursement of payments to the American public. Involved in revenue collection such as taxes. And executes, when necessary, the borrowing of funds to run the Federal Government.

In other words, the underlying infrastructure of the United States of America is currently being interfaced into the new Digital Asset-Based Trading System. It will support the overall development and ongoing projects needed to give liquidity to many of our country's financial operating payment systems.

© Goldilocks
The Defiant

👆  Goldilocks pointed to this article

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The US Treasury Bonds (USTB) will begin to bring in our liquidity through Tokenized Assets Backed by Gold.

© Goldilocks

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BRICS: Russia Settles 85% Trade in Local Currency, Sidelines US Dollar | Watcher Guru

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Russia Witnesses Significant Surge in BRICS Transactions with National Currencies

“The share of the BRICS countries has become significantly larger, now it is about 40 percent. In 2022, it was less than 30 percent, and in 2021 – about 20 percent,” she said on Tuesday.  Caspian News

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CME Group Reports Record January ADV of 25.2 Million Contracts | PR Newswire 

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New shipping route connecting China and Russia is officially open | SAFETY4SEA 

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Commodity Futures Trading Commission Artificial Intelligence Use | NatLawReview

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RBZ Gold Backed Digital Tokens sales dispose of 6,7kgs  |  New Zimbabwe

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Transcript of Press Briefing: Regional Economic Outlook Update for Middle East and Central Asia | IMF

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Superstate Short Duration US Government Securities Fund (USTB) Token Tracker | Etherscan

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The US Treasury Bonds (USTB) will begin to bring in our liquidity through Tokenized Assets Backed by Gold.

© Goldilocks

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Do you see how all of this is piecing itself together?

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What is a Treasury bond?

A U.S. Treasury bond (often called a T-bond) is a fixed-interest debt security issued by the U.S. Treasury Department to raise funds to finance Uncle Sam's spending requirements.  Bankrate

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Help us help all telegram rooms be safe from hate and abuse.

The Seeds of Wisdom Team is taking action to help everyone and asking people to share the info provided and even word it for their rooms if they like.

This is never what anyone likes yet some only want to hurt others.

Help us keep telegram safe Link 

Attorney General Link

~~~~~~~~~~

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline

Goldilocks' Telegram Room

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Subscribe to Newsletter

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Goldilocks' Comments and Global Economic News Saturday AM 2-3-24

Goldilocks' Comments and Global Economic News Saturday AM 2-3-24

Good Morning Dinar Recaps,

BRICS: Russia Settles 85% Trade in Local Currency, Sidelines US Dollar | Watcher Guru
~~~~~~~~~~

Russia Witnesses Significant Surge in BRICS Transactions with National Currencies

“The share of the BRICS countries has become significantly larger, now it is about 40 percent. In 2022, it was less than 30 percent, and in 2021 – about 20 percent,” she said on Tuesday.  Caspian News
~~~~~~~~~~

CME Group Reports Record January ADV of 25.2 Million Contracts | PR Newswire 

~~~~~~~~~~

New shipping route connecting China and Russia is officially open | SAFETY4SEA 

~~~~~~~~~~

Help us help all telegram rooms be safe from hate and abuse.

The Seeds of Wisdom Team is taking action to help everyone and asking people to share the info provided and even word it for their rooms if they like.

This is never what anyone likes yet some only want to hurt others.

Help us keep telegram safe Link 

Attorney General Link

~~~~~~~~~~

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline

Goldilocks' Telegram Room

Q & A Telegram Room

Goldilocks Forum

Goldilocks on the Seeds of Wisdom Team™ Website

Subscribe to Newsletter

Thank you Dinar Recaps

"Tidbits From TNT" Saturday 2-3-2024

TNT:

Tishwash:  3 Arab countries top the list of world banks in purchasing gold during 2023

Recent data issued by the World Gold Council revealed that three Arab countries, including Iraq, found themselves among the top ten in the list of world banks that made the largest purchases of gold during the year 2023, and this comes in the context of these countries strengthening their reserves of the yellow metal as a means of confronting crises. Current economic and geopolitical.

In detail, global central bank purchases of gold decreased last year to 1,037.4 tons. However, they still represent the second highest level in more than 55 years.

The People's Bank of China topped the list by purchasing 224.88 tons of gold in 2023, followed by the Central Bank of Poland and then the Central Bank of Singapore.

What is striking in the list is that Libya ranks fourth, as the Central Bank of Libya purchased 30.01 tons of gold in 2023, in the first purchase since 1998-1999, raising their total reserves of the yellow metal to 147 tons.

As for the Central Bank of Iraq and Qatar, they came in seventh and eighth places, respectively, by purchasing 12.25 tons and 7.44 tons of gold, respectively.

This comes as global central banks continue to enhance their gold reserves as a safe haven, amid the current economic and geopolitical conditions.  link

CandyKisses:  Sudanese adviser: Iraq is living better in its financial history thanks to high foreign exchange reserves

The Prime Minister's financial adviser, Mazhar Mohammed Saleh, announced on Saturday a significant improvement in the efficiency of Iraq's foreign exchange reserves, stressing that it indicates that Iraq's financial situation is the best in its history.

Saleh explained, in an interview with the official agency, followed by NRT Arabia, that Iraq's oil revenues will remain the main source for the growth of the country's foreign currency reserves, pointing to the high efficiency indicators in these reserves.

Saleh pointed out that Iraq's oil revenues constitute up to 98% of the assets of the investment portfolio of foreign currency reserves, indicating that all indicators indicate that Iraq is currently living in its best financial conditions, and that these reserves are booming and increasing with the growth of the current account index of the balance of payments.

He stressed that there are standard investment mechanisms and evidences in line with global standards in the management of Iraq's foreign exchange reserves, stressing that with the increasing cycle of oil assets, the size of Iraq's foreign reserves increases and rises in its investment portfolio.

https://www.nrttv.com/ar/detail3/22885

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Spokesman for the Commander-in-Chief: The US strikes are a violation of Iraqi sovereignty and a threat whose consequences will be dire

Baghdad / Nina / The spokesman for the Commander-in-Chief of the Armed Forces, Major General Yahya Rasul Abdullah, said: "The US strikes are a violation of Iraqi sovereignty and a threat whose consequences will be dire for security and stability."

He said in a statement: "The cities of Al-Qaim and the Iraqi border areas are subjected to air strikes by the United States of America, as these strikes come at a time when Iraq is striving to ensure the stability of the region."

He added: "These strikes are a violation of Iraqi sovereignty and undermine the efforts of the Iraqi government, and a threat that drags Iraq and the region to the unfortunate consequences, and its consequences will be dire for security and stability in Iraq and the region."

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CandyKisses:  White House: We Informed The Iraqi Government Before The Start Of The Strikes

Earth News- White House National Security Council spokesman John Kirby confirmed on Saturday that the Iraqi government had already been informed before the air strikes.

"The American response began tonight, and it will not end tonight," Kirby said.

"We believe the strikes were successful, and we don't know how many militants may have been killed or wounded," the U.S. official said.

The White House confirmed that all airstrikes had hit targets in Iraq and Syria.

"The facilities that have been targeted are being used by groups affiliated with the Islamic Revolutionary Guard Corps (IRGC) to target US forces in the Middle East," Kirby said.

"There have been no contacts with Iran since the killing of 3 US soldiers in northeastern Jordan," he said.

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CandyKisses:  US Central Command: We hit 85 targets in Iraq and Syria

Baghdad Today - Baghdad

The US Central Command announced at dawn on Saturday (February 3, 2024), strikes on Iraq and Syria, noting that more than 85 targets were hit.

The command said in a statement received by "Baghdad Today", that "at 4:00 pm. (EDT) February 02, Central Command (CENTCOM) forces have launched airstrikes in Iraq and Syria against the Islamic Revolutionary Guard Corps Quds Force and affiliated militia groups.

US military forces have struck more than 85 targets, with many aircraft including long-range bombers from the United States. The airstrikes used more than 125 precision munitions."

"The hit facilities included command and control operations, intelligence centers and centers, missiles and missiles, unmanned vehicle warehouses, logistics supply chain facilities and ammunition for militia groups and their IRGC sponsors who facilitated attacks against US and coalition forces," it said.

Mot: .. can You Just Imagine What She is Thinking!!!

Mot: What is moseying?

Iraq Economic News and Points to Ponder Saturday AM 2-3-24

Iraq Economic News and Points to Ponder Saturday AM 2-3-24

Tlm724 Administrator Bondlady’s Corner

What Is The Reason For The Difference In The Official And Parallel Dollar Exchange Rate? An Expert Identifies Problems

Time: 02/03/2024 {Economic: Al-Furat News} An economic expert revealed the reason for the difference between the exchange rate of the official dollar and the parallel market in the country.

Abdul Rahman Al-Mashhadani told {Al-Furat News} agency, “The continuation of the difference between the official and parallel exchange rates requires a solution to basic problems. The problem is not foreign transfers, but the issue of continuing trade relations with the sanctioned countries, which constitute a large part of the demand for the dollar, in addition to preventing a number of... Traders are able to enter the platform and remain at the parallel price.”

He pointed out, "It is difficult for travelers to obtain the dollar. As long as these problems remain, the price difference between the official and parallel prices will remain."

Al-Mashhadani continued, "In any case, the dollar is now witnessing stability within these rates present in the market."

During the past few weeks, the Iraqi dinar witnessed a significant and gradual increase against the dollar, as the exchange rate in the parallel market reached an average of 1,500 dinars to the dollar or so, after recording a significant decline that reached 1,700 dinars to the dollar in the last quarter of 2023, while The monetary authorities, which set an official price for the dinar at 1,320 per dollar, are seeking to pursue those they describe as speculators and smugglers of hard currency.  LINK

Dollar Prices Closed Lower In Baghdad And Erbil

Market   Economy News – Baghdad   Dollar prices fell against the dinar, on Saturday, in Baghdad and Erbil, with the stock market closed.

Dollar prices fell with the closure of the main Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 152,200 Iraqi dinars against 100 dollars, while this morning it recorded 152,500 Iraqi dinars against 100 dollars.

Selling prices also decreased in exchange shops in local markets in Baghdad, as the selling price reached 153,250 Iraqi dinars for 100 dollars, while the purchase price reached 151,250 dinars for 100 dollars.

In Erbil, the dollar also recorded a decline, as the selling price reached 152,150 dinars for every 100 dollars, and the purchase price was 152,000 dinars for every 100 dollars.

Views 36 02/03/2024 https://economy-news.net/content.php?id=40096

Al-Sudani: The Government Is Continuing To Support The Private Sector And Small Companies

Economy | 02:57 - 02/03/2024   Mawazine News – Baghdad   Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Saturday, that the government has provided sovereign guarantees for projects implemented by the private sector.

A statement from the Prime Minister’s Media Office, received by Mawazine News, stated that “the Prime Minister received a number of investors and businessmen who own medium-sized projects.”

The statement added, "The meeting witnessed a review of the most important projects being implemented, the obstacles and problems facing employers, and ways to address them."

During the meeting, the Prime Minister stressed “the government’s orientation towards supporting the private sector and supporting small companies,” noting “activation measures taken for the first time, including the sovereign guarantees provided by the government for projects implemented by the private sector.”

Al-Sudani stated, “These steps come from the government’s vision of the state’s work, which cannot be managed only through government institutions and the public sector, relying on the budget and oil prices, and on government jobs. Rather, there must be a societal understanding of the private sector, and experience with projects.” Small and developing.

According to the statement, the Prime Minister touched on "the challenges facing economic and financial reform in several files, as the implementation of the electronic payment system faces many obstacles, and there are also attempts to circumvent tax reform, company registration and customs procedures, and all of them are being addressed," stressing that "the government also continues to... Its measures to reform the banking sector.

The statement noted that "the Prime Minister spoke about contracts for new residential city projects," explaining that they "aim to solve the housing crisis and revitalize industry at the same time, as the construction sector serves this trend, which increases local production capacity in these industries."

https://www.mawazin.net/Details.aspx?jimare=241518

The House Of Representatives Intends To Hold An Emergency Session To Determine The Repetition Of American AttacksPolitical | 03:20 - 03/02/2024  Mawazine News – Baghdad  The Presidency of the House of Representatives confirmed today, Saturday, its intention to hold an emergency session to determine the recurrence of American attacks.

The Presidency of the House of Representatives stated, in a statement received by Mawazine News, that “it expresses its strong condemnation of the American aggression against the Iraqi security sites in the Akashat and Al-Qaim regions at dawn today, and the neighboring civilian places, which led to the death of (16) martyrs and (25) wounded, including civilians.” ".

The Presidency confirmed, “The House of Representatives is determined to hold an extraordinary (emergency) session in the coming days, to determine the recurrence of the American attacks on the country, and to put an end to the violations of the sovereignty and lives of Iraqis by the international coalition forces,” indicating that “the recurrence of the American attacks on Iraqi security headquarters is a great disdain.” "It can be accepted."

It renewed its call to the government for “the necessity of accelerating the implementation of Legislative Resolution No. (18) of the year (2020), issued by the House of Representatives, which includes the removal of international coalition forces from the country, since there is no need for their survival and because they are now threatening the security, stability, and sovereignty of Iraq,” stressing that “the decision The aforementioned represents a national and popular will, and its implementation is an urgent necessity to preserve the country’s sovereignty and the lives of citizens.”

https://www.mawazin.net/Details.aspx?jimare=241520

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

MilitiaMan: Iraqi Dinar - Stability - Sustainable Development - Global - Electronic Tracking Dinar - Money Flow

Iraqi Dinar - Stability - Sustainable Development - Global - Electronic Tracking Dinar - Money Flow

MilitiaMan and Crew:  2-2-2024

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=gWyc4xMSqck