Goldilocks' Comments and Global Economic News Sunday Evening 2-11-24
Goldilocks' Comments and Global Economic News Sunday Evening 2-11-24
Good Evening Dinar Recaps,
I have been watching several countries from around the world going through Article 4 consultations with the IMF. Many of these were held last year to determine new fiscal plans for the coming year that we are now living in at this time.
Article 4 meetings with the IMF happen every year, but this time is different. They are discussing inclusion of Commodities and Digital Assets to implement.
I noticed several articles this past week and yesterday talking about revealing and implementing new fiscal sustainability plans. These new plans will govern the economy of their people.
These new fiscal sustainability plans are indicators the countries are preparing to move forward with our new digital economy. It's getting out in the open my friends.
Below are just a few articles from countries that are beginning to inform their people about monetary policy changes that are coming.
© Goldilocks
Goldilocks' Comments and Global Economic News Sunday Evening 2-11-24
Good Evening Dinar Recaps,
I have been watching several countries from around the world going through Article 4 consultations with the IMF. Many of these were held last year to determine new fiscal plans for the coming year that we are now living in at this time.
Article 4 meetings with the IMF happen every year, but this time is different. They are discussing inclusion of Commodities and Digital Assets to implement.
I noticed several articles this past week and yesterday talking about revealing and implementing new fiscal sustainability plans. These new plans will govern the economy of their people.
These new fiscal sustainability plans are indicators the countries are preparing to move forward with our new digital economy. It's getting out in the open my friends.
Below are just a few articles from countries that are beginning to inform their people about monetary policy changes that are coming.
© Goldilocks
Cabin Radio
Politico
European Commission
China Daily
IMF
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"From Coal to Clean: The Economic Challenge of Shifting Energy Paradigms"
Our world is transitioning into clean energy paradigms. It is causing some of our fossil fuel communities to be vulnerable. People will be moving into new companies leaving old ones behind during this process. There will be many adjustments that will need to be done on so many levels inside our new economy.
This will cause a shift in monetary policies and prices on energy sectors of the market. Commodities are expected to go into a bull market for several years when this transition is fully complete due to the fact of this change in the way we work and live.
This is another reason why it is important to watch The Debt Clock. Watch for a resetting of prices in gold, silver, and oil. What used to be the oil sector now reads "from oil to solar." Interesting don't you think?
Each week, my friend Freedom Fighter spends time with people going over the debt clock. I hope you seek out this room through "Seeds of Wisdom." It is both fun and enlightening for the people who are working together to understand the changes taking place on the debt clock. Oil Price
© Goldilocks
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BRICS: 159 Countries Eyeing Russia's New Payment System | Watcher Guru
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RBI Tests Asset Tokenization in Wholesale CBDC Pilot | Crypto Times
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ARTICLE 19 contributed to ‘Voices for the DMA’, a call in video format from 20+ stakeholders in the Coalition for App Fairness for effective enforcement of the Digital Markets Act (DMA) ahead of the 6 March 2024 deadline for compliance. Article 19
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Instant payments are finally here: Milestone vote by European Parliament | Worldline
"Marking a pivotal moment in European payments, the European Parliament has endorsed the regulation mandating instant payments, requiring credit transfers to be executed within ten seconds across the EU. This endorsement paves way to the approval by EU Finance Ministers in Council, with the final text anticipated to be published in the Official Journal of the European Union (OJEU) by March 2024."
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Devastating impact of Evergrande’s $532 billion collapse | News AU
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Gen Zers Report Having Fallen For Scams More Than Any Other Generation
Gen Zers Report Having Fallen For Scams More Than Any Other Generation
Americans think their older loved ones are more vulnerable to scammers–but Gen Zers report having fallen for scams more than any other generation
Michael Steinbach Fri, February 9, 2024
While fraudsters’ tactics have evolved throughout my career as head of financial crimes and fraud prevention at Citi and during the more than two decades I spent at the FBI, one thing has stayed the same: No one thinks they’re going to be scammed.
Most Americans overrate their abilities to avoid scams, according to a recent Citi survey. Some 90% of U.S. adults believe they’re able to spot financial scams–but more than a quarter (27%) report having fallen victim.
Today's scammers are nimble and aided by sophisticated tools. They often deal in volume, and it only takes one successful attempt to profit. Ultimately, all ages and demographics are at risk.
No One Is Immune
While Citi’s survey revealed that three in four Americans are concerned about an older loved one falling victim to a scam, the survey suggests digitally native generations are at risk, too. A third of Gen Z respondents report having been a victim of a financial scam–more than any other generation.
Gen Zers Report Having Fallen For Scams More Than Any Other Generation
Americans think their older loved ones are more vulnerable to scammers–but Gen Zers report having fallen for scams more than any other generation
Michael Steinbach Fri, February 9, 2024
While fraudsters’ tactics have evolved throughout my career as head of financial crimes and fraud prevention at Citi and during the more than two decades I spent at the FBI, one thing has stayed the same: No one thinks they’re going to be scammed.
Most Americans overrate their abilities to avoid scams, according to a recent Citi survey. Some 90% of U.S. adults believe they’re able to spot financial scams–but more than a quarter (27%) report having fallen victim.
Today's scammers are nimble and aided by sophisticated tools. They often deal in volume, and it only takes one successful attempt to profit. Ultimately, all ages and demographics are at risk.
No One Is Immune
While Citi’s survey revealed that three in four Americans are concerned about an older loved one falling victim to a scam, the survey suggests digitally native generations are at risk, too. A third of Gen Z respondents report having been a victim of a financial scam–more than any other generation.
Whether Gen Zers are more vulnerable to scammers or more aware of the fact that they’ve been scammed is unclear. What is clear, though, is that fraudsters are getting better at targeting everyone, regardless of their digital fluency–so preparedness is crucial.
To achieve a happy, fraud-free new year, remain vigilant, listen to your instincts, and learn to spot red flags. While scammers are constantly updating their tactics, here are some ways they might try to sabotage your financial goals:
Claiming to be from your bank’s fraud department, asking you to move money to keep it safe from fraudsters. Never share your debit pin, one-time password, or login credentials verbally or through an email or text–even with someone claiming to be from your bank. Importantly, your bank will never ask you to move your money or initiate a transaction to “correct” a fraudulent one.
Pretending to be the delivery company behind your recent purchase and claiming, via email or text, that they can’t deliver your package. They want you to click the link so they can capture the personal and financial information you enter. Or the link could infect your device with harmful malware to steal your information. Remember: Don’t click any links they send. Instead, verify with the shipment company’s website.
Taking advantage of your decision to use public Wi-Fi. Using a public network makes you more vulnerable to hackers, who can more easily access the personal information you share online. Use a private Wi-Fi network.
Protecting yourself from scammers
While scams are rampant, the good news is that everyone can take steps to minimize their risk. First, look to trusted sources to arm yourself with information. When asked about the resources they trust most for scam prevention information, 55% of Americans cited their bank among their top three, along with taking advice from friends and family (44%) and listening to their instincts by drawing on their own past experiences (41%).
There are simple steps you can take to shore up your digital defenses:
Enable face or fingerprint logins on your smartphone and banking apps. These can prevent scammers from gaining access should they get ahold of your devices.
To continue reading, please go to the original article here:
https://www.yahoo.com/finance/news/americans-think-older-loved-ones-163358786.html
"Tidbits From TNT" Sunday 2-11-2024
TNT:
CandyKisses: Hajj and Umrah in Iraqi dinars. Kurdistan companies stopped working in dollars
Erbil
The Hajj and Umrah Authority in the Kurdistan Region decided on Saturday to collect the travel costs of pilgrims in Iraqi dinars exclusively, instead of the dollar, like the rest of the cities of Iraq, provided that the value of the cost is determined at the exchange rate of the Central Bank (1320 dinars per dollar), while the registrants were given one week to pay the costs and update the passport data.
Details:
This decision comes after Niaz Naqshbandi, Director General of Hajj and Umrah in the Kurdistan Region, chaired a meeting with the owners of Hajj and Umrah offices in the provinces and the autonomous administrations in the region.
TNT:
CandyKisses: Hajj and Umrah in Iraqi dinars. Kurdistan companies stopped working in dollars
Erbil
The Hajj and Umrah Authority in the Kurdistan Region decided on Saturday to collect the travel costs of pilgrims in Iraqi dinars exclusively, instead of the dollar, like the rest of the cities of Iraq, provided that the value of the cost is determined at the exchange rate of the Central Bank (1320 dinars per dollar), while the registrants were given one week to pay the costs and update the passport data.
Details:
This decision comes after Niaz Naqshbandi, Director General of Hajj and Umrah in the Kurdistan Region, chaired a meeting with the owners of Hajj and Umrah offices in the provinces and the autonomous administrations in the region.
We directed the Hajj and Umrah offices to receive the amounts from the pilgrims for one week from February 11 to 18, and those who do not pay the costs during this period will lose the right of Hajj this year.
Hajj and Umrah companies alerted all registrars who do not have passports, or expired, to review the Passports Department to update their data within a week.
The cost of Hajj for the people of the Kurdistan region is no different from their peers in the rest of Iraq.
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CandyKisses: Al-Mandalawi refers the request to remove foreign forces from Iraq to the legal, security and defense committees
THE MEDIA DEPARTMENT OF THE HOUSE OF REPRESENTATIVES CONFIRMED THAT THE ACTING SPEAKER OF THE HOUSE OF REPRESENTATIVES, MOHSEN AL-MANDALAWI, REFERRED THE REQUEST TO REMOVE FOREIGN FORCES FROM IRAQ TO THE LEGAL AND SECURITY AND DEFENSE COMMITTEES.
A STATEMENT FROM THE INFORMATION DEPARTMENT OF THE COUNCIL INDICATED THAT "THE REQUEST IS SIGNED BY MORE THAN 100 DEPUTIES TO THE TWO COMMITTEES (LEGAL, SECURITY AND DEFENSE) AND RELATED TO A PROPOSAL FOR A LAW TO REMOVE FOREIGN FORCES FROM IRAQ."
HE ADDED THAT "AL-MANDALAWI CALLED ON THE GOVERNMENT TO IMPLEMENT THE DECISION OF THE HOUSE OF REPRESENTATIVES NO. (18) OF 2020, RELATED TO THE REMOVAL OF FOREIGN FORCES AND THE TERMINATION OF THEIR MISSIONS IN IRAQ, BASED ON THE DEVELOPMENT OF IRAQI SECURITY CAPABILITIES, AND THE ABSENCE OF ANY NEW AGREEMENT WITH FOREIGN FORCES THAT MUST REMAIN."
https://www.dijlah.tv/index.php?page=article&id=342323
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CandyKisses: Sudani resolves debate over ending US presence in Kurdistan
Mawazine News – Baghdad
On Saturday, Prime Minister Mohammed Shia Al-Sudani stressed the non-reversal of the decision to end the presence of the international coalition from Iraq, noting that everyone is participating in the negotiations of the American presence, which will be applied in Kurdistan as well.
"The decision to withdraw foreign forces from Iraq is taken in advance and before the events in Gaza, but the current situation in the region necessitated the acceleration of negotiations," Al-Sudani said in a televised interview followed by Mawazine News.
He added that "the negotiations between Baghdad and Washington are in which most of the political forces within the state administration coalition participate and will be applied throughout Iraq, including Kurdistan."
He pointed out that "Iraq has been able to liberate its territory and is able to protect itself through its security services during the coming period without the need for an international alliance."
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CandyKisses: Al-Kalabi: The parliament session will put an end to the American recession in Iraq
Information/Baghdad.Youssef Al-Kalabi, MP for the Coordination Framework, affirmed the parliament's determination to support the government by issuing an immediate and binding decision on the removal of US forces from Iraq.
Al-Kalabi said in a televised interview that "the US forces returned and betrayed the promises despite the government's efforts to organize the withdrawal of the international coalition.
"He added that "the House of Representatives will have a role with the size of the Americans regardless for the blood of the sons of Iraqis," noting that "there are some deputies who refrain from signing an emergency session to expel US forces for sectarian reasons "
He pointed out that "we are surprised by the active role of the Ministry of Foreign Affairs in bombing Erbil, unlike the bombing of the martyr Abu Baqir al-Saadi."
Mot: ..... LOL --- Who Else!! Me Not caring about the superbowl
Mot: Chance of a Life Time! -- FREEEEE Class!!!!
Iraqi News Highlights and Points to Ponder Sunday AM 2-11-24
Iraqi News Highlights and Points to Ponder Sunday AM 2-11-24
Experts Determine Ways To Control The “Parallel Dollar”
Economical 02/11/2024 Baghdad: Haider Falih Al-Rubaie Specialists in economic affairs have identified a number of factors that would control the exchange rate of the parallel dollar, stressing that granting the private industrial sector financial and administrative facilities could lead to moving the wheel of production and reducing imports that are financed with the parallel dollar from the black market.
Stressing the importance of doubling loans that would establish a production base capable of meeting the local market’s requirements for goods and materials.
Economic calls have increased remarkably, demanding that loans and credit facilities granted by banks to the private sector be directed towards activating and increasing production processes, indicating that these facilities exceeded 50 trillion dinars last year 2023, but they did not contribute to increasing gross domestic product rates, stressing at the time He stressed the importance of building more bridges of trust between investors, businessmen and companies with government and private banks with the aim of facilitating the granting of loans directed towards increasing local production.
Iraqi News Highlights and Points to Ponder Sunday AM 2-11-24
Experts Determine Ways To Control The “Parallel Dollar”
Economical 02/11/2024 Baghdad: Haider Falih Al-Rubaie Specialists in economic affairs have identified a number of factors that would control the exchange rate of the parallel dollar, stressing that granting the private industrial sector financial and administrative facilities could lead to moving the wheel of production and reducing imports that are financed with the parallel dollar from the black market.
Stressing the importance of doubling loans that would establish a production base capable of meeting the local market’s requirements for goods and materials.
Economic calls have increased remarkably, demanding that loans and credit facilities granted by banks to the private sector be directed towards activating and increasing production processes, indicating that these facilities exceeded 50 trillion dinars last year 2023, but they did not contribute to increasing gross domestic product rates, stressing at the time He stressed the importance of building more bridges of trust between investors, businessmen and companies with government and private banks with the aim of facilitating the granting of loans directed towards increasing local production.
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The specialists' calls come at a time when the government has intensified its efforts to eliminate the rise in exchange rates in the parallel market, which has greatly affected the movement of buying and selling goods and materials in the local markets. Following a package of decisions that contributed to closing the gap that occurred earlier between the official and the parallel dollar,
A government source revealed earlier that electronic cards were issued to small merchants with a ceiling of $100,000 per month.
The new government step was met with economic welcome, which 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.
Economist Manaf Al-Sayegh said during his talk to “Al-Sabah” that “a large part of the solution lies in establishing a large production base capable of meeting the requirements of local markets and blocking the path to import operations that require huge sums of money from the dollar,” pointing out the necessity of “developing a strategic plan that begins with In the form of stages that include the significant qualitative advancement of the industrial and agricultural sectors, which constitute the backbone of the national economy.
Al-Sayegh also urged “the importance of the strategy including real steps to reform the banking and financial system in the country, and adapting it in a way that can be parallel to what developed countries have achieved in banking transactions, as well as moving towards reforms related to the trade balance, which can stimulate the movement of local production and exports.”
National economy, thus significantly reducing the demand for the parallel dollar, pointing out that creating a balance between exports and imports is an important step to revitalize the national economy and enable it to achieve growth in all its sectors, thus diversifying sources and significantly reducing dependence on the oil sector.
In turn, economic expert Dr. Nabil Al-Marsoumi explained in an interview with “Al-Sabah” that the decline of the dollar index against the Iraqi dinar is on its way to decline, pointing to the seriousness of the monetary authority in diversifying currency reserves, as well as expanding the circle of payments from other currencies, not to mention simplifying Brief access to the electronic platform.
Al-Marsoumi stressed the importance of resolving problems related to trade with neighboring countries, by finding other ways to trade with those countries in order to find a close price between the official and parallel dollars.
The Governor of the Central Bank had confirmed in an interview with the Iraqi News Agency “INA” that “the indicator of the success of monetary policy in any country is controlling the general level of prices and reducing inflation,” explaining that “inflation has now decreased significantly compared to the beginning of 2023, which...
“It indicates that foreign trade is covered by the official rate and that foreign financing operations are taking place smoothly, and all importers and traders can obtain and control the dollar at the official rate.”
Al-Alaq pointed out that “the Central Bank’s following of the rules and principles of external transfer in accordance with the conditions and requirements it set and its insistence on implementing them has prompted many hesitant merchants to enter the platform for selling foreign currency, especially since its use is easy and safe and it provides them with the dollar at the official rate.”
Al-Alaq pointed out that “the Central Bank confirms the possibility of meeting all requests for the dollar, whether personal, commercial, or any kind, as long as they are valid and legitimate.”
Iraq Loses Compensation And May Pay $380 Million In An International Dispute Case
Economy 02-11-2024 | 06:01 Al-Sumaria News – Economy One of the Kuwaiti companies that owns a dispute case with Iraq announced that it was able to obtain a new opportunity to sue Iraq, after the international arbitration panel in 2021 closed the case that the company filed against Iraq, and even obligated it to pay compensation to Iraq worth 5 million. dollar.
However, the Kuwait Public Warehousing Company announced today, Sunday, that the annulment committee at the International Center for Settlement of Investment Disputes accepted its appeal against the previous ruling of the arbitration panel and partially canceled it, adding that the committee announced that the original ruling issued in 2021 was partially canceled, and as a result of this decision, we will have the opportunity to resubmit our claims before the Kuwaiti Public Warehousing Company. The arbitration panel again.
In 2021, the arbitration panel at the International Center for Settlement of Investment Disputes of the World Bank Group rejected a lawsuit filed by the Kuwaiti company to recover more than $380 million that it said it lost in Iraq. The panel also ordered the company at that time to pay more than five million dollars to Iraq for the costs related to this case. . LINK
How Did America Prevent Iraq From Joining The Belt Initiative And Signing The Chinese Agreement?
Information / Baghdad.. The head of the organizing body of the popular movement for the Belt and Road, Hussein Al-Karaawi, said on Sunday that it was the United States that prevented Iraq from joining the Belt and Road Initiative and signing the Chinese agreement.
Follow the “Al-Ma’louma” channel on Telegram.. News that does not require documentation..
Al-Karaawi told Al-Maalouma, “The American violations of Iraqi sovereignty are what stood against Iraq joining the Belt and Road Initiative and signing the Chinese agreement.”
He added, "The United States is the first enemy of Iraq and its people. It targets the Popular Mobilization Forces, which fought terrorism and defended the country's sovereignty."
He urged the government to "join the Belt and Road Initiative and sign the Chinese agreement."
The Iraqis are in a state of anger due to the American violations in Iraq, the methods of which have varied, including bombing the security forces and the Popular Mobilization Forces and assassinating national Mujahideen figures in cowardly ways. LINK
Stock Trading Increased 7% During January
Economical 02/11/2024 Baghdad: Hussein Thaghab Last January's report for the Iraqi Stock Exchange indicated an increase in trading by more than 7% compared to last December, as the ISX60 traded stock price index closed in the last session of January at (961.95) points compared to December's close of (893.15). a point.
Executive Director of the market, Taha Ahmed Abdel Salam, said: The number of shares traded reached 59,065,589,502 shares through the official trading platforms according to the classification of the regular platform (55) billion shares, the second platform (3) billion shares, and the third platform (619) million shares.
He pointed out that the value of the shares traded amounted to 58,790,441,773 dinars, as the regular platform traded (51) billion dinars, the second platform (6) billion dinars, and the third platform (800) million dinars, pointing out that the number of contracts executed reached (19,611) deals, including trades The regular platform reached (14,528) deals, the second (4,264) deals, and the third (819) deals.
He stated that in the indicators of the online trading platform for investors - IRAKA OMS - for the month of January 2024, the number of shares traded reached (2,898,750,052) shares, with (1.542) million shares bought and (1.356) million shares sold, and the value of shares traded reached (4,399,793,285) dinars ( 1.844 million dinars for purchase and (2.556) million dinars for sale, while the number of executed contracts reached (1826) contracts, with (745) purchase contracts and (1081) sales contracts.
Regarding stock trading indicators for non-Iraqis, Abdul Salam said: The number of shares purchased by foreigners reached 1,758,925,895 shares, worth 5,956,668,502 dinars, through the implementation of 1,618 contracts on shares of 13 companies, and the number of shares sold by foreigners reached 1,538,282,331 shares, worth 4,439,483,921 dinars, through the implementation of 586 shares. A contract on the shares of 19 companies.
He explained that in the month of January (22) the market organized a trading session to deal in shares of Iraqi joint stock companies, and the market did not organize the trading session on 1/1 of the New Year’s holiday and on Fridays and Saturdays of each week.
Abdul Salam stated that the number of traded companies reached 103 Iraqi joint stock companies, and the number of companies with traded shares reached (73) joint stock companies, indicating that trading in the shares of (27) joint stock companies was conducted due to the difference in supply and demand prices, and the number of suspended companies reached About trading by decision of the Securities Commission (3) joint stock companies.
He confirmed the Securities Commission’s approval of the decision to transfer the classification and trading of shares of Al-Weam Financial Investment Company from the undisclosed companies platform to the second market platform. The Securities Commission also approved the decision to transfer the classification and trading of shares of the Modern Animal Production Company from the undisclosed companies platform to the regulatory platform.
He warned of the resumption of trading in the shares of the Petroleum Products Transport Company based on the letter of the Securities Commission, and trading was launched as of the session of 1/17/2024 on the undisclosed companies platform, with the company fulfilling its commitment to the
Iraqi Stock Exchange. https://alsabaah.iq/91527-.html
Points To Ponder on Anxiety About the Future
We are terrified by the idea of being terrified.- Friedrich Nietzsche
That fear of missing out on things makes you miss out on everything.- Etty Hillesum
He who fears being conquered is sure of defeat. - Napoleon Bonaparte
What we fear comes to pass more speedily than what we hope.- Publilius Syrus
The greatest mistake you can make is to be continually fearing you will make one.- Elbert Hubbard
The mere apprehension of a coming evil has put many into a situation of the utmost danger. - Lucan
http://famousquotesandauthors.com/topics/anxiety_about_the_future_quotes.html
Iraq Economic News and Points to Ponder Saturday Evening 2-10-24
Iraq Economic News and Points to Ponder Saturday Evening 2-10-24
Tlm724 Administrator Bondlady’s Corner
Al-Mandalawi: These are the decisions of the House of Representatives regarding Iraqi sovereignty
Saturday 10, February 2024 21:09 | PoliticalNumber of readings: 298
Baghdad / NINA / Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, today, Saturday, directed the formation of a parliamentary committee to follow up and support the government’s negotiations to end the missions of the international coalition forces.
Al-Mandalawi directed the Legal, Security, and Defense Committees to submit a report in the next session regarding the request submitted by the representatives regarding the proposed law to remove foreign forces from the country, stressing that “the House of Representatives will approach the Commander-in-Chief of the Armed Forces/Prime Minister, to host those concerned in the General Command of the Armed Forces and the Ministry of Foreign Affairs.” Foreign Affairs during the current week./
Iraq Economic News and Points to Ponder Saturday Evening 2-10-24
Tlm724 Administrator Bondlady’s Corner
Al-Mandalawi: These are the decisions of the House of Representatives regarding Iraqi sovereignty
Saturday 10, February 2024 21:09 | PoliticalNumber of readings: 298
Baghdad / NINA / Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, today, Saturday, directed the formation of a parliamentary committee to follow up and support the government’s negotiations to end the missions of the international coalition forces.
Al-Mandalawi directed the Legal, Security, and Defense Committees to submit a report in the next session regarding the request submitted by the representatives regarding the proposed law to remove foreign forces from the country, stressing that “the House of Representatives will approach the Commander-in-Chief of the Armed Forces/Prime Minister, to host those concerned in the General Command of the Armed Forces and the Ministry of Foreign Affairs.” Foreign Affairs during the current week./End 5 https://ninanews.com/Website/News/Details?key=1105926
Al-Sistani’s Office Sets The Beginning Of The Month Of Shaban
Iraq Saturday, February 10, 2024 6:21 PM Baghdad/National News Center The office of the Supreme Religious Authority, Sayyed Ali al-Sistani, announced today, Saturday, the date of the first of the holy month of Shaban.
The office said in a statement received by the National News Center, “His Eminence Sayyid al-Sistani (may his soul be long) determined that tomorrow, Sunday, will be the continuation of the month of Rajab, and Monday, corresponding to 2/12/2024 AD, will be the first of the glorious month of Shaban for the year 1445 AH.” https://nnciraq.com/249928/
Iraqi Stock Exchanges...Exchange Rates Stabilize At The Barrier Of 152 Thousand Per Hundred Dollars
Money and business Economy News – Baghdad The exchange rates of the dollar, on the Iraqi stock exchanges, recorded relative stability during today’s trading, Saturday.
The exchange rates on the Al-Kifah Stock Exchange in the capital, Baghdad, reached 152,550 dinars per 100 dollars, while they recorded 152,750 dinars on the Basra Stock Exchange.
In Sulaymaniyah Governorate, the exchange rate reached 152,350 dinars per 100 dollars.
186 views 02/10/2024 - 12:36 PM https://economy-news.net/content.php?id=40311
Parliament Finance Issues A Call To The Government Regarding The Private Sector And Job Creation
Money and business Economy News – Baghdad Today, Saturday, a member of the Parliamentary Finance Committee, Moeen Al-Kadhimi, stressed the need for the government to take firm steps towards ensuring the rights of the private sector and paving the way for it to resolve the labor and unemployment crisis in the country.
Al-Kadhimi said in an interview followed by Al-Eqtisad News, “The private sector is the main factor in developing the economy and creating wealth and jobs, indicating that the government must adopt policies and reforms that encourage local investment and production.”
He added, "Among the practical steps that must be taken is to encourage the allocation of an amount for the industrial initiative by opening factories and launching internal industry, in addition to encouraging agricultural initiative and facilitating the work of the private sector while implementing the private sector security law so that there is retirement for retirees from the private sector."
The member of Parliamentary Finance stressed, “The government must consult the private sector in order to advance all these aspects, as developing the work of the private sector is not limited to relying on the Ministry of Industry or the Ministry of Agriculture and other ministries, but rather taking into account the experiences and opinions of the private sector, including merchants, businessmen, and industrialists.”
Al-Kadhimi continued, “Supporting investment, as well as the housing sector, which can draw or attract labor in the tens of thousands, if not hundreds of thousands, are necessary matters,” pointing out that “these steps must be considered by the government to end the issue of appointments and job slackness and solve a large part of the problem.” The problem of the job crisis or unemployment.
Al-Kadhimi concluded by saying, “The Parliamentary Finance Committee supports all efforts aimed at strengthening the role of the private sector and improving the economic and social situation of citizens.”
152 views 02/10/2024 - https://economy-news.net/content.php?id=40317
Oil Reveals A Map Of Its Investments In The Gas Sector And Estimates The Total Production Volume
Energy Economy News – Baghdad On Saturday, the Ministry of Oil clarified the details of its plans to invest in gas and the expected production volume, and while it confirmed that the current contracts signed included all fields that could increase national production, it specified the amount of gas expected to be produced during the current year.
Ministry spokesman Assem Jihad told the official news agency, “The ministry has several contracts for gas investment, the most important of which is its contract with the French company Total, which was signed last year and includes four very important contracts concerned with infrastructure, development of the oil industry, and renewable energy.”
He added, “The contract includes investing in gas with a capacity of 600 million standard cubic feet per day, in two stages, the first stage is 300 million standard cubic feet per day, and the second stage is 300 million standard cubic feet,” indicating that “this step is important to stop burning gas and convert this energy into useful.” It supplies industries in general, the electricity sector, petrochemical industries, and all industries related to that.”
He continued, "The contract with Total was an important step with the global energy giant and certainly this is an important addition to the oil industry in Iraq," noting that "Total's contract includes gas investment in five fields in southern Iraq, including Majnoon, West Qurna, Al-Lhais, and Al-Tawi."
Jihad said, "We also have another contract with the Basra Gas Company, which was established after 2010 in agreement with Shell and Mitsubishi. It is a joint national company that invests gas from three important fields, including Rumaila and Zubair, and we expect it to add 200 million standard cubic feet per day after its completion."
He stated, "The Ministry's plans aim to invest gas from all fields that are expected to add large quantities to the gas sector in Iraq, and this is what we have worked on," pointing out that "these five fields are very important and are relied upon as the primary weight for raising Iraq's gas production capacity."
He stated that "the Ministry also recently signed a contract to invest in the Nahran Bin Omar field, which will produce 150 million standard cubic feet in the first phase. If work develops and production in this field is expanded, it is possible to add another 150 million cubic feet."
He continued, "All possible fields that are expected to increase the volume of national production have been contracted for," noting that "raising the level of production will be gradual, and its peak will be in 2028."
He pointed out that "these projects require complex technology and time to invest, and the government is pressuring the implementing companies to reduce the time between two to five years."
He added in his speech, “We also have the Halfaya gas project, which will add 300 million standard cubic feet per day in the last quarter of this year, and also about 70 million standard cubic feet will be added from the investment of the Dhi Qar fields,” pointing out that “the investment of the Dhi Qar fields, which... It includes the Al-Gharraf and Nasiriyah fields by about 200 million standard cubic feet, thus adding approximately half the amount to national production, which will reduce the volume of imports.
Views 73 02/10/2024 https://economy-news.net/content.php?id=40324
WARKA IS OPENING FOR BUSINESS!!
Website development is progressing
Site is not yet fully functioning - not all features are functioning yet
https://www.warkabank.iq/digital-services/#
'Digital Services
Within the global banking development in the process of digital transformation, Warka Bank for Investment and Finance is working to keep pace with this development to provide its customers with the latest and most secure digital banking services that allow them to easily complete their banking transactions from anywhere and at any time. The following services will soon be launched.
Warka Mobile.
Internet banking for individuals.
Internet banking for companies.
Cash management for companies.
Warka Chatbot.
SMS Banking.
Virtual Card Services.'
To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/
Points To Ponder on Anxiety about the Future
Fear is created not by the world around us, but in the mind, by what we think is going to happen.- Elizabeth Gawain
Proust has pointed out that the predisposition to love creates it's own objects: is this not also true of ear?- Elizabeth Bowen
Fear breeds fear.- Byron Janis
Fear to let fall a drop and you spill a lot.- Malay proverb
The truly fearless think of themselves as normal. - Margaret Atwood
Be not afraid of life. Believe that life is worth living, and your belief will help create the fact. - William James
http://famousquotesandauthors.com/topics/anxiety_about_the_future_quotes.html
MilitiaMan: Iraqi Dinar - Iraq has set the stage for Develoment Road & Kuwait Dinar Relevance - Iraq Dinar - IQD
Iraqi Dinar - Iraq has set the stage for Develoment Road & Kuwait Dinar Relevance - Iraq Dinar - IQD
MilitiaMan and Crew: 2-10-2024
The Crew: Samson, PompeyPeter, Petra, Angel1, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Iraqi Dinar - Iraq has set the stage for Develoment Road & Kuwait Dinar Relevance - Iraq Dinar - IQD
MilitiaMan and Crew: 2-10-2024
The Crew: Samson, PompeyPeter, Petra, Angel1, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Goldilocks' Comments and Global Economic News Saturday Evening 2-10-24
Goldilocks' Comments and Global Economic News Saturday Evening 2-10-24
Good Evening Dinar Recaps,
"OSL, a Hong Kong-licensed digital asset platform, has successfully executed the first transaction of a tokenized warrant issued by UBS in Hong Kong."
Tokenized Warrants interface Traditional Finance and Blockchain Technology transactions. The transaction took place on the Ethereum Blockchain.
Ethereum is a peer-to-peer transaction network allowing digital monetary transactions to talk to one another (through codes) executing payments without the intermediary function of a centralized system.
UBS tokenize is a part of the Swiss Bank's tokenization service utilizing the Distributed Ledger Technological System to tokenize bonds, funds, and other structured products.
© Goldilocks
~~~~~~~~~~
Goldilocks' Comments and Global Economic News Saturday Evening 2-10-24
Good Evening Dinar Recaps,
"OSL, a Hong Kong-licensed digital asset platform, has successfully executed the first transaction of a tokenized warrant issued by UBS in Hong Kong."
Tokenized Warrants interface Traditional Finance and Blockchain Technology transactions. The transaction took place on the Ethereum Blockchain.
Ethereum is a peer-to-peer transaction network allowing digital monetary transactions to talk to one another (through codes) executing payments without the intermediary function of a centralized system.
UBS tokenize is a part of the Swiss Bank's tokenization service utilizing the Distributed Ledger Technological System to tokenize bonds, funds, and other structured products. Yahoo Finance
© Goldilocks
~~~~~~~~~~
Banking Announcement:
"Hong Kong Proposes Regulatory Framework for OTC Crypto Venues. Firms providing "spot trade of any virtual assets for money" such as physical shops and ATMs would have to be licensed by the Commissioner of Customs and Excise."
Hong Kong is moving from their pilot phase of testing through a sandbox of several virtual assets from around the world to proposing regulations on these virtual assets they used to examine use case scenarios for payments.
These over-the-counter virtual assets will begin their movement onto the QFS through a broker-dealer relationship until they are nationalized further into this process.
This proposed regulatory framework will impact providers of services enrolled in the benefits of CMS programs. A Content Management System helps companies manage digital content, and it's purpose is to eliminate fraud moving through their networks.
After a period of comments through this proposed regulation, Hong Kong will move on to their final regulations. The Final Regulations will implement the new virtual asset regulations for Hong Kong.
© Goldilocks
RegulationAsia
News HK
~~~~~~~~~~
Statement on Approval of FINRA Proposed Rules to Establish Post-Trade Transparency in the Treasury Markets | SEC
Today, the Commission approved a rule change proposed by the Financial Industry Regulatory Authority (FINRA) to provide for the first time public dissemination of U.S. Treasury transactions on a trade-by-trade basis.
Post-trade transparency promotes liquidity and helps investors. There is something about that sunshine. It gives everyone a sense of where the current market is. The public gets to see details of the last trade that two counterparties just negotiated in that market.
The FINRA rule approved today brings greater post-trade transparency to those shopping for or selling Treasury securities.
~~~~~~~~~~
Look for Global Regulations on Stablecoins to begin populating during Protocol 20 (Global Network Integration) as it expands after the vote on February the 20th to move forward. You can't have one without the other.
One is a payment system that will pay for the Tokenized Assets being populated. It will begin the process of synchronizing the banking system with our markets Globally.
© Goldilocks
~~~~~~~~~~
Global Payment Orchestration Platform Market Review 2018-2023 And Forecast To 2028: Surge In Cross-Border Transactions Fuelling Market Growth | MENAFN
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Local currencies dominate Russia-China trade – Putin aide — RT Business News
Russia and China have brought the share of mutual trade settlements in the national currencies to 90%, Yury Ushakov, a senior foreign policy aide to Russian President Vladimir Putin, said on Thursday following a phone call between Putin and his Chinese counterpart Xi Jinping.
The official added that during the call the two leaders emphasized the importance of creating a reliable joint financial infrastructure.
"It has been stated that over 90% of settlements between our countries are carried out in rubles and yuan," Ushakov told journalists after the conversation between Putin and Xi.
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NSE’s consolidated Q3 operating revenue up by 25% YoY at Rs.3,517 crores | NewsroomPost
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Broadridge's DLT repo platform transacts $1 trillion a month. Just getting started | Ledger Insights - blockchain for enterprise
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Bitrue Introduces Tether Gold and Euro Tether to its Platform | BlockchainReporter
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Silver the New Gold in the East, then West | YouTube
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Digging into the Future: The Role of Precious Metals and Sustainable Industry Practices | Nasdaq
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Treasury secretary won't say whether dept surveils Americans' purchases: 'Concerning' | The National Desk
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Which Banks are using Quantum Financial System?
"No bank uses the Quantum Financial System at the moment. However, it might be worth noting that large banks like JPMorgan (JPM) and Goldman Sachs (GS) are piloting the use of quantum computers for advanced financial models." Jan 10, 2024
As we discussed about 2 years ago, JP Morgan was the lead Bank assigned to take our Banking System into Decentralized Finance through Web 3 applications.
We are approaching some of the final developmental stages of this new digital asset-based trading system. Currently, we are in the pilot phase of this development, and Protocol 20 will begin to populate Financial Networks around the world inside this new QFS this month. CoinCodex
© Goldilocks.
~~~~~~~~~~
Cryptodollar Minting Protocol M^0 Will Allow Institutions to Issue Stablecoins Backed by U.S. Treasuries | CoinDesk
M^0 white paper has set rules to allow crypto institutions to mint and issue fully decentralized and fungible stablecoins backed by U.S. Treasury bills.
The team is backed by Pantera and led by stablecoin pioneers from MakerDAO and Circle.
The M^0 protocol aims to recreate the $5 trillion-$20 trillion offshore dollar market for the digital age.
~~~~~~~~~~
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Thank you Dinar Recaps
Iraq Economic News and Points to Ponder Saturday AM 2-10-24
Iraq Economic News and Points to Ponder Saturday AM 2-10-24
Tlm724 Administrator Bondlady’s Corner
The Advisor To The Association Of Banks Calls On Our Banks To Confront The American Banking Restrictions With Wisdom And Determination To Implement The Banking Reform Strategy.
Money and business Economy News – Baghdad Advisor to the Iraqi Private Banks Association, Samir Al-Nusairi, called on the banks to bypass the American banking restrictions by depriving 28 private banks of dealing in the US dollar, and to take all executive and technical measures to overcome the material and moral damage caused by these restrictions and the pressures of rumors launched by those who troll the murky waters with the aim of stopping the wheel of financial and banking reform that... Led by the government and the Central Bank, which yielded good results at the local and international levels during 2023.
Al-Nusairi referred to the directives of the Governor of the Central Bank, in his meeting with a delegation from the Association of Banks, to deal wisely and insist on implementing the strategy of the government and the Central Bank in banking reform, regularity and adherence to international banking standards, enhancing confidence in our national economy and banking sector, continuing to provide banking services and products to the public, and dealing in local currencies of countries with which Iraq has important trade exchange. With it, and securing local and international requirements to build solid banking relationships with solid global correspondent banks.
Iraq Economic News and Points to Ponder Saturday AM 2-10-24
Tlm724 Administrator Bondlady’s Corner
The Advisor To The Association Of Banks Calls On Our Banks To Confront The American Banking Restrictions With Wisdom And Determination To Implement The Banking Reform Strategy.
Money and business Economy News – Baghdad Advisor to the Iraqi Private Banks Association, Samir Al-Nusairi, called on the banks to bypass the American banking restrictions by depriving 28 private banks of dealing in the US dollar, and to take all executive and technical measures to overcome the material and moral damage caused by these restrictions and the pressures of rumors launched by those who troll the murky waters with the aim of stopping the wheel of financial and banking reform that... Led by the government and the Central Bank, which yielded good results at the local and international levels during 2023.
Al-Nusairi referred to the directives of the Governor of the Central Bank, in his meeting with a delegation from the Association of Banks, to deal wisely and insist on implementing the strategy of the government and the Central Bank in banking reform, regularity and adherence to international banking standards, enhancing confidence in our national economy and banking sector, continuing to provide banking services and products to the public, and dealing in local currencies of countries with which Iraq has important trade exchange. With it, and securing local and international requirements to build solid banking relationships with solid global correspondent banks.
Al-Nusairi stressed that the strength and strength of the international rules and foundations on which the national economy is based, most notably the foreign reserves at the level of adequacy and within the standards in this regard, is the surest guarantee for overcoming the crises and challenges expected for subjective or objective reasons during 2024.
Al-Nusairi concluded his speech by stressing the strict commitment and cooperation with the Central Bank and the implementation of what was stated in its strategy in 2024, which focuses on the following axes:
First - Building a stable financial system that lies in accompanying financial electronic systems and the transition to the digital economy.
Second: Commitment to establishing the rules of compliance, risk management, transparency, and soundness of financial operations.
Third: Working to strengthen international relations, including establishing a network of relations with foreign correspondent banks.
Fourth - Establishing a Riyada Bank and redirecting work on initiatives to finance small and medium enterprises according to new standards and with international cooperation, with banks contributing to its capital and management. In line with the initiative of the Prime Minister (Riyada) and the establishment of the Loan Guarantee Company.
Fifth: Preparing, launching and implementing a financial inclusion strategy and developing it in joint coordination with the relevant authorities.
Sixth - Launching the national lending strategy, relying on the banks’ own financial capabilities to attract deposits and invest them in providing the best banking products to customers and contributing to development, with the support of the Central Bank and the government.
Views 114 02/09/2024 - https://economy-news.net/content.php?id=40296
Oil Prices Are Heading For Weekly Gains Of About 6%
Economy | 09/02/2024 Mawazine News – Baghdad Oil prices are heading for weekly gains amid continuing tensions in the Middle East after Israel rejected a proposal from Hamas for a ceasefire.
Early Friday morning (February 9, 2024), Brent crude futures rose 8% to $81.71 per barrel, while US West Texas Intermediate crude futures rose 17 cents to $76.39 per barrel.
The bombing by Israeli forces of the border city of Rafah in the southern Gaza Strip, after Israeli Prime Minister Benjamin Netanyahu rejected a proposal to end the war in the Strip, led to oil prices falling by about 3% compared to the previous year.
Tensions in the Middle East kept oil prices higher, and the two benchmarks are set to rise 5.7% each during the week.
American officials increased their criticism of civilian casualties as a result of Israeli operations in Gaza, at a time when a Hamas delegation arrived in Cairo to hold talks with mediators from Egypt and Qatar for a ceasefire.
Although the conflict led to higher prices, it had no impact on oil production.
Earlier this month, the OPEC+ alliance decided to keep production levels unchanged.
The Iraqi Ministry of Oil explained that a meeting of the coalition included “the Ministerial Committee’s review of oil production data and reports for member states for the months of November and December 2023, which witnessed the great commitment of the coalition countries to production adjustments and quotas.”
The Ministerial Committee for Production Monitoring includes a number of member states in the coalition, including Iraq, as it monitors production for member states in addition to global market developments, challenges, and influencing factors.
According to economic analyses, the oil industry faces a critical turning point in 2024, as it seeks to carefully balance abundant supply with expectations of high global demand.
https://www.mawazin.net/Details.aspx?jimare=241797
To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/
Points To Ponder on Anxiety about the Future
It is never safe to look into the future with eyes of fear. - E. H. Harriman
The future is called "perhaps," which is the only possible thing to call the future. And the important thing is not to allow that to scare you.- Tennessee Williams
Cowardice ... is almost always simply a lack of ability to suspend the functioning of the imagination.- Ernest Hemingway
Anxiety is a thin stream of fear trickling through the mind. If encouraged, it cuts a channel into which all other thoughts are drained.- Arthur Somers Roche
Most of the fear that spoils our life comes from attacking difficulties before we get to them.- Dr. Frank Crane
http://famousquotesandauthors.com/topics/anxiety_about_the_future_quotes.html
"Tidbits From TNT" Saturday Morning 2-10-2024
TNT:
CandyKisses: Red Sea tensions revive trade route between Iraq, Egypt and Jordan
The Egyptian Ministry of Transport announced on Saturday the operation of the first phase of the Arab trade line between Iraq, Egypt and Jordan at the beginning of this year, following the Red Sea tensions.
She said in a report, followed by Shafaq News Agency, that the attacks of the Houthi group on international shipping ships in the Red Sea and the subsequent threat to navigation in the Suez Canal, highlighted the importance of the commercial link project between Iraq, Egypt and Jordan, and even talk about adding other routes linking the Gulf countries with Egypt.
TNT:
CandyKisses: Red Sea tensions revive trade route between Iraq, Egypt and Jordan
The Egyptian Ministry of Transport announced on Saturday the operation of the first phase of the Arab trade line between Iraq, Egypt and Jordan at the beginning of this year, following the Red Sea tensions.
She said in a report, followed by Shafaq News Agency, that the attacks of the Houthi group on international shipping ships in the Red Sea and the subsequent threat to navigation in the Suez Canal, highlighted the importance of the commercial link project between Iraq, Egypt and Jordan, and even talk about adding other routes linking the Gulf countries with Egypt.
According to the ministry, work is currently underway to implement the second phase of the integrated Arab trade line, through the construction of the Taba-Arish-Bir al-Abd-Fardan railway line, with a length of 500 km, to increase the volume of goods targeted for transport from the Gulf, Iraq and Jordan to Europe and America.
She stressed the Egyptian side's keenness to provide all forms of support for this new line, by facilitating procedures, and encouraging companies and various parties to use the line in both directions, especially with its importance in transporting goods from the Gulf, Iraq and Jordan to European and American countries.
Mohammed Ali Ibrahim, former dean of the Faculty of International Transport and Logistics at the Arab Academy for Science, Technology and Maritime Transport (AASTMT), believes that the line may be a window for the exports of Jordan and Iraq, and may open a door for the exports of Gulf countries, as they will pass through this road, which is an investment in the idea of multimodal transport.
"Of course, this is a solution to the Red Sea crisis for some neighboring countries, but it cannot be an alternative to the Suez Canal," he said.
In December of last year 2023, the Iraqi Ministry of Transport said that "Iraqi ports" have become an alternative to international transport lines to deliver goods from east to west, coinciding with the change of many major international transport companies due to security tension in the Red Sea and the Bab al-Mandab Strait.
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Tishwash: Integrity announces the return of nearly a quarter of a billion dinars from a government bank official
The Federal Integrity Commission announced that it was able to return nearly a quarter of a billion dinars from a former official in a government bank, after she was sentenced to imprisonment in her presence and paid a large financial fine.
A statement of integrity, of which {Al-Furat News} received a copy, stated that “Al-Rafidain Bank / main branch received a financial sum amounting to (177,622) thousand US dollars, which is equivalent to (232,684,820) million dinars, as a result of the legal procedures taken in the case of the convict, Assistant Director of Al-Rafidain Bank - Branch.” Khaldiya.
He added that the funds received by the bank represent the rents for the “Almas Tower” building for the period from (4/1/2023 - 10/31/2023), pointing out that the Rusafa Criminal Court - Second District issued on 8/25/2022 a ruling ruling By confiscating the convict’s share of the aforementioned property for the benefit of the bank, noting that these amounts cannot be disposed of except by a court decision.
The statement explained that the ruling decision, which was issued by the court in the case that the Commission investigated and referred to the judiciary, stipulates the imprisonment of the Assistant Director of the Rafidain Bank. Khalidiya Branch for a period of (15) years, with a fine of $10 million, based on the requirements of Article (36) of the Money Laundering and Anti-Terrorism Law No. (39 of 2015). link
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Tishwash: Association of Banks: Electronic payment in Iraq is witnessing a major transformation
Today, Friday, the Iraqi Private Banks Association counted the number of electronic payment devices and payment cards during the year 2023, confirming that this issue is witnessing a major transformation.
The Executive Director of the Association of Banks, Ali Tariq, told the official agency followed by (Al-Oula News): “The electronic payment file is making continuous progress thanks to the support and directives of Prime Minister Muhammad Shiaa Al-Sudani, and the government’s insistence on achieving this goal has stimulated all institutions, whether governmental, private, or financial institutions.” “Cooperating in the field of providing electronic payment tools to citizens across the public and private sectors.”
He pointed out, “After the Council of Ministers issued the decision to generalize electronic payment last year, a very significant progress and leap was achieved with regard to the number of points of sale, whether in the private or government sector, as it rose in just half a year from about 7,000 devices to 24,000 devices at the end of the year.” The same year 2023, expecting that “the number of electronic payment devices will increase further during the year 2024.”
He pointed out, “Nearly two and a half million cards were issued in 2023, whether prepaid cards or cards linked to an account to activate them in this field.”
He stressed, “Electronic payment in Iraq is witnessing a clear transformation, and it needs a little time. “So that all institutions, in accordance with the decisions issued by the Council of Ministers, can move to automation in a way that ensures the presence of electronic payment ports in all institutions and places.” link
Mot: ... Valentine's Plan!!!!
Mot: ..... its Almost That Time Ya knows!!!
"Tidbits From TNT" Friday 2-9-2024
TNT:
CandyKisses: Al-Sayhoud confirms that the government will proceed to remove the occupier from Iraq
Information / Baghdad...
MP for the State of Law Coalition, Mohammed Al-Sayhoud, confirmed on Friday that the government will proceed to remove the US occupation forces from Iraq.
Al-Sayhoud told Al-Maalouma that "the repeated targeting by US forces of Iraqi security sites and national figures is a targeting of autonomy, pointing to "the decision of the House of Representatives to remove US forces from Iraq."
"The government and the government are proceeding with their dialogues with the international coalition to set a timetable for the exit of these forces," he said.
He explained that "the issue of the exit of US forces from Iraq and the handover of military bases is just around the corner, because there are assurances from the Iraqi government to proceed with this issue."
TNT:
CandyKisses: Al-Sayhoud confirms that the government will proceed to remove the occupier from Iraq
Information / Baghdad...
MP for the State of Law Coalition, Mohammed Al-Sayhoud, confirmed on Friday that the government will proceed to remove the US occupation forces from Iraq.
Al-Sayhoud told Al-Maalouma that "the repeated targeting by US forces of Iraqi security sites and national figures is a targeting of autonomy, pointing to "the decision of the House of Representatives to remove US forces from Iraq."
"The government and the government are proceeding with their dialogues with the international coalition to set a timetable for the exit of these forces," he said.
He explained that "the issue of the exit of US forces from Iraq and the handover of military bases is just around the corner, because there are assurances from the Iraqi government to proceed with this issue."
CandyKisses: Al-Zubaidi: America has ambitions in Iraq and will not leave easily
Information / Baghdad...
A member of the Conquest Alliance, Ali al-Zubaidi, on Friday, expressed his conviction that the American occupier will not come out easily, pointing out, "The occupier has ambitions in Iraq."
Al-Zubaidi told Al-Maalouma that "the exit of the occupier will not take place easily, especially since Washington has ambitions in Iraq, represented by the strategic location and many natural resources, indicating that "America seeks to achieve its interests by continuing to stay inside Iraq."
He stressed the importance of "continuing military pressure on the ground to ensure the departure of the occupier and evacuation from the bases he controls inside Iraq."He promised that "the Islamic resistance in Iraq is carrying out major military action against the US occupation forces stationed in military bases in Ain al-Assad and Harir, which are sites for the launch of occupation attacks inside and outside Iraq."
He added, "The US presence in the bases of Ain al-Assad and Harir is a threat to the security and sovereignty of Iraq."
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CandyKises: Baghdad And Washington Discuss Next Sunday The End Of The Mission Of The International Coalition
Baghdad And Washington Discuss Next Sunday The End Of The Mission Of The International Coalition
Yahya Rasool, spokesman for the Commander-in-Chief of the Armed Forces, announced on Thursday that the bilateral high-technical military committee between Iraq and America will resume its work next Sunday to discuss and schedule the termination of the mission of the international coalition in Iraq.
“To discuss and schedule the end of the mission of the international coalition in Iraq, the bilateral high-technical military committee between Iraq and the United States of America, will resume its work next Sunday, February 11, 2024,” Rassoul said in a statement to Earth News.
************
CandyKisses: Prime Minister: The government has put the fight against corruption at the top of its priorities
Economy News - Baghdad
Prime Minister Mohamed Shia al-Sudani said that the government has put the fight against corruption at the top of its priorities.
The Prime Minister's Media Office said in a statement, seen by "Economy News", that "Prime Minister Mohamed Shia Al-Sudani received the head of the Lebanese National Anti-Corruption Commission, Judge Claude Karam."
During the meeting, Al-Sudani pointed out that "the Iraqi government has placed the fight against corruption at the top of its priorities, and has made the cooperation of brotherly and friendly countries with Iraq in the issue of recovering looted and wanted funds, a criterion for a successful diplomatic relationship with those countries."
The statement added that "the meeting discussed requests for legal assistance, procedures for receiving those wanted in corruption cases, recovering looted funds, exchanging information on the accused and wanted, and emphasizing the importance of exchanging experiences and techniques that raise the efficiency of workers in the field of combating corruption in the two countries
Mot: . soooooooo - Is Marriage Right fer Youuuuuu!!!????
Mot: ... aaaaaaaaaaaaahhhhhhhh - the Good ole Daze!!! – LOL
Iraqi News Highlights and Points to Ponder Friday AM 2-9-24
raqi News Highlights and Points to Ponder Friday AM 2-9-24
Prime Minister: Iraq Deserves Renaissance After Years Of Corruption And Neglect
Posted On 02-09-2024 By Sotaliraq The Prime Minister, Muhammad Shiaa Al-Sudani, confirmed on Thursday that the Baghdad metro project will be linked to new residential cities, including the cities of Al-Jawahiri, Ali Al-Wardi, and Sadr City, while noting that the high-speed train between Najaf Al-Ashraf and Holy Karbala will work to end the traffic jam caused by the million visits.
Al-Sudani said in his speech during the ceremony of launching investment opportunities for the Baghdad Metro Project and the Karbala-Najaf Express Train Project, that “the Baghdad Metro Project establishes an important shift in the movement of citizens in the capital, Baghdad, whose population has exceeded 8 million, as the project consists of 7 lines with a length of 148 km.”
It will cover most of Baghdad’s areas,” noting that “the metro project establishes a connection process with the new cities that have been initiated, namely Al-Jawahiri City, west of Baghdad, Ali Al-Wardi City, south of Baghdad, and New Al-Sadr City, east of Baghdad.”
He continued, “These projects carry a clear and significant economic feasibility for the private sector that is serious about implementing them, and that the announcement of these two projects represents a shift in the government’s work path from quick and simple projects, such as service and engineering effort projects, to major projects,” pointing out that “the work processes are continuing.”
Iraqi News Highlights and Points to Ponder Friday AM 2-9-24
Prime Minister: Iraq Deserves Renaissance After Years Of Corruption And Neglect
Posted On 02-09-2024 By Sotaliraq The Prime Minister, Muhammad Shiaa Al-Sudani, confirmed on Thursday that the Baghdad metro project will be linked to new residential cities, including the cities of Al-Jawahiri, Ali Al-Wardi, and Sadr City, while noting that the high-speed train between Najaf Al-Ashraf and Holy Karbala will work to end the traffic jam caused by the million visits.
Al-Sudani said in his speech during the ceremony of launching investment opportunities for the Baghdad Metro Project and the Karbala-Najaf Express Train Project, that “the Baghdad Metro Project establishes an important shift in the movement of citizens in the capital, Baghdad, whose population has exceeded 8 million, as the project consists of 7 lines with a length of 148 km.”
It will cover most of Baghdad’s areas,” noting that “the metro project establishes a connection process with the new cities that have been initiated, namely Al-Jawahiri City, west of Baghdad, Ali Al-Wardi City, south of Baghdad, and New Al-Sadr City, east of Baghdad.”
He continued, “These projects carry a clear and significant economic feasibility for the private sector that is serious about implementing them, and that the announcement of these two projects represents a shift in the government’s work path from quick and simple projects, such as service and engineering effort projects, to major projects,” pointing out that “the work processes are continuing.”
We have worked on these two projects, launched the Development Road Project, and are directly supervising the completion of the Grand Al-Faw Port Project, concluding contracts for new cities, and soon the investment portfolio for the rehabilitation and expansion of Baghdad International Airport will be completed.”
He pointed out that “all these projects establish a development renaissance for the new Iraq, after years of neglect, poor planning, and corruption that affected all projects, especially infrastructure,” stressing that “public transportation is a goal in which we will not be satisfied with building bridges, overpasses, and tunnels, but rather we have an integrated vision for a package of Several modern means of transportation to our capital.”
He explained: “We are establishing a new philosophy of management through the state undertaking organization and planning, and making way for the technically capable private sector to undertake the implementation of these projects, as we cannot remain dependent on oil imports to implement all service projects,” noting that “Iraq is witnessing a high growth rate.”
It is the highest among countries in the region, and we must create the requirements for an attractive and supportive investment environment to pave the way for the work of local, Arab and foreign companies.”
He continued: “We need the support of members of the House of Representatives, with its specialized committees, in supporting the state’s directions with legislation that prepares the environment that attracts investment. We also sent a draft economic amendments law that includes several laws that we want to be in one package to save time, and many international companies are waiting for these amendments.”
He noted that “launching (the Year of Achievements) is not just a slogan, but rather within a vision that has been prepared since the writing of the government program, and is planned for the life of this government. We have established projects according to timings, and we raised the slogan: There is no lagging project approved and implemented in this government, and we are continuing with it.” This trend.”
The ceremony witnessed the announcement by the Chairman of the Investment Authority to set next Monday, February 12, as the date to open applications for companies on the Authority’s platform in order to submit their offers on the two projects.
while the consulting contract for the Karbala-Najaf Express Train was signed by the Director General of the General Railway Company, one of the companies of the Ministry of Transport.
It is noteworthy that the Baghdad Metro project consists of 7 lines and 14 road stations distributed among regions; Al-Alawi, Al-Shaab, Aviation Square, Al-Baladiyat, Al-Kadhimiya, Baghdad Airport, Al-Dora, Maysloun Square, Al-Zafaraniyah, Aden Square, Al-Bayaa, and Al-Qadisiyah, and passes in multiple lanes, with a transport capacity of up to three million passengers per day. It covers 85% of the area of the capital, Baghdad.
Express-type trains will be adopted at an estimated speed of (80-140 km/h), with an automated digital metro system that runs on electric power and without a driver and includes all means of communication.
The railway tracks enter through tunnels up to 20 meters deep, to avoid any conflicts with the streets and infrastructure services. The stations include facilities to receive arrivals and departures, elevators, movable and fixed escalators, commercial stores, cafeterias, bathrooms, administrative and service rooms, parking lots for cars and buses, and power generation stations.
The station consists of two departure platforms. The two reception areas are completely separate from each other, and the project also includes workshops and warehouses for maintaining, washing and cleaning trains, and maintaining railway corridors to change tracks.
As for the Najaf-Karbala train project, it consists of 4 main stations starting from Najaf Airport, passing through Karbala Airport, all the way to the Baghdad garage in the city of Karbala, on an elevated railway line, with a distance of (90) km, with a highly efficient metro system, and with air-conditioned cars at a speed of (240). km per hour. It includes special compartments for women and children, and seats for people with special needs and the elderly, in addition to the stations containing shops, cafeterias and various service facilities. LINK
Transparency: Imports From Sulaymaniyah And Halabja During The Past Week Amounted To More Than 4 Billion Dinars
Economy 2024-02-09 The Transparency website announced the non-oil imports of the Sulaymaniyah and Halabja governorates and the Garmian and Rabarin districts during the past week, amounting to more than 4 billion dinars.
According to the Transparency website, non-oil imports in the provinces of Sulaymaniyah and Halabja and the administrations of Garmian and Raparin from 2/3/2024 until 2/9/2024 are 4 billion and 809 million and 858 thousand and 790 dinars, of which 3 billion and 460 million and 255 thousand and 300 dinars are , i.e. 72% in cash, 696 million 324 thousand and 500 dinars, i.e. 14% in the form of bonds, and 653 million 279 thousand and 990 dinars in the form of clearing at 14%.
After 30 years of Kurdish rule in the Kurdistan Region, Qubad Talabani, Deputy Prime Minister of the Kurdistan Regional Government, announced on 12/15/2022 a project for transparency in non-oil imports in the governorates of Sulaymaniyah and Halabja and the Garmian and Rabarin administrations, which is the first of its kind in Kurdistan and Iraq in general. .
The project was widely welcomed in Kurdistan circles, demanding that it be generalized to include oil imports and imports from all regions of Kurdistan.
Qubad Talabani said in his speech announcing the project: “I am announcing an important project, which is the project of transparency in non-oil imports.”
He added: “Transparency is a program that includes all non-oil imports in the provinces of Sulaymaniyah and Halabja and the administrations of Rabrin and Garmian, which are collected daily with complete transparency and are recorded so that everyone can see the details of these imports at any time through the website shafafiat.net.
The Deputy Prime Minister went on to say “This idea came about because transparency is the basic foundation for establishing trust between the citizen and any political authority in the world, so it is important for you to look at it.” https://kirkuktv.net/AR/Details/19581
Parliamentary Talk About Financial Dues To Oil-Producing Governorates
Economy 2024-02-09 Today, Friday, the Parliamentary Oil, Gas and Natural Resources Committee called for granting the oil-producing governorates their dues in the budget for the current year.
Committee member Bassem Al-Gharibawi said in a press interview, “The budget includes a law under which oil-producing governorates are granted financial dues in the event that the price of oil rises above the number specified in the budget, but this matter has not been implemented.”
He added, "There is an urgent need for action by Parliament, especially the Finance and Strategic Planning Committees, to follow up on the dues of the oil-producing governorates in order to ensure that they obtain their dues within the budget."
He confirmed, "There are actual parliamentary movements to ensure that the dues reach the producing governorates," explaining, "The Parliamentary Oil Committee did not approach the federal government regarding this matter, but it moved toward the Ministry of Oil to find out the extent of its implementation of the government program and curriculum." https://kirkuktv.net/AR/Details/19585
Iraqi Efforts To Strengthen The Oil Tanker Fleet.. What Are The Most Prominent Plans?
Information / Baghdad.. Today, Friday, the Ministry of Oil announced its efforts to strengthen the Iraqi oil tanker fleet with a new number after two Norwegian tankers entered commercial operations, while revealing plans to contract with reputable international companies to enhance the work of the National Tanker Company.
The spokesman for the Ministry of Oil, Assem Jihad, told the official agency, and its follow-up / Al-Maalouma /: “The Ministry of Oil seeks to strengthen the fleet or the national carrier with a number of tankers, and recently two tankers entered the commercial business, implemented by the Norwegian company, which is one of the companies specialized in this. the field".
Jihad stressed that "the Ministry's plans will not stop there, but rather seek to strengthen contracts with reputable international companies to enhance the work of the National Tanker Company, which is the national carrier of crude oil and its products."
He pointed out that "Iraq's main export ports are the southern ports represented by the port of Basra, the single buoys, and the port of Al-Amaya, in addition to the northern port, which is the Turkish port of Ceyhan," noting that "the greatest weight is the southern port, which occupies most of the oil exports." Ended / 25 R. LINK
Points To Ponder on Anxiety About the Future
Nothing in life is more remarkable than the unnecessary anxiety which we endure, and generally create ourselves. - Benjamin Disraeli
Do not think of all your anxieties, you will only make yourself ill. - The Shih King
Only man clogs his happiness with care, destroying what is with thoughts of what may be. - John Dryden
I care. I care a lot. I think of "Cosmopolitan" all day, and I run scared. So it's a combination of fright, caring, and anxiety. - Helen Gurley Brown
Cowards die many times before their deaths; the valiant never taste of death but once.- William Shakespeare
http://famousquotesandauthors.com/topics/anxiety_about_the_future_quotes.html