MilitiaMan: Iraqi Dinar - IQD - Dinar Update - International Compliance - Exchange Rate - Within Hours ? -

Iraqi Dinar - IQD - Dinar Update - International Compliance - Exchange Rate - Within Hours ? -

MilitiaMan and Crew:  3-12-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=VqKvbYKstm0

Iraq Economic News and Points to Ponder Monday Afternoon 3-11-24

Iraq Economic News and Points to Ponder Monday Afternoon 3-11-24

Tlm724 Administrator Bondlady’s Corner

With Its Rise Locally... Iraq's Gold Reserves Were Revealed

Time: 03/10/2024 12:50:33 Read: 2,041 times  {Economic: Al-Furat News} The economic advisor to the Prime Minister, Mazhar Muhammad Salih, revealed the size of the Iraqi gold reserve at the Central Bank of Iraq.

Saleh told {Al-Furat News} agency, “There should be a distinction between fundamentally imported commercial gold and monetary gold, which is an integral part of the country’s foreign reserves, as monetary gold falls within the diversification of the monetary authority’s investment portfolio, and the numbers indicate that it exceeds 132 tons of monetary gold and within the safe range of reserves.” foreign to the country.

He added, "As for commercial gold, it is regulated by a law and instructions that are subject to the controls of commercial systems and the gold marking law, which the Central Agency for Standardization and Quality Control undertakes to mark and protect gold assets supplied to the country as national wealth."

Local markets in Baghdad are witnessing an increase in gold prices, as the selling price of a gram (the mithqal) reached 465 thousand dinars.

An economist, Salah Nouri, revealed the reasons for the rise in gold prices.

Nouri told Al-Furat News, “What is happening at the present time in terms of the increase in gold jewelry is the result of an increase in demand for it. When the demand for it increases, its price increases, and so far this is economically logical.”

Nouri added, "But more importantly, why has the demand for gold jewelry increased at the present time? I think that the citizen tends to save in it instead of the dollar, and this is a weak reason. It is more likely that traders speculating in the dollar are turning to gold instead of the dollar for reasons of speculation or smuggling, because Individual citizens’ need for gold jewelry is limited to special occasions.”

Meanwhile, an informed source told {Al-Furat News} that one of the reasons for the rise in gold prices was due to “citizens’ weak confidence in banks,” so they withdrew the amounts deposited in banks and turned to gold.”    LINK

Central Bank Sales Exceed $213 Million Today 

Monday 11, March 2024 13:03 | Economical  Number of readings: 307  Baghdad / NINA / The Central Bank of Iraq revealed, today, Monday, its total sales of foreign currency through the electronic window.

The window recorded the total amounts of transfers abroad (remittances, credits) at $195,840,125, while the total amount of cash sales amounted to $17,578,943, and the total amount of sales amounted to $213,419,068.

The cash sale was set at 1,305 dinars to the dollar, while the bond credits, international settlements for the electronic card, and foreign transfers were set at 1,310 dinars to the dollar. /End 11

https://ninanews.com/Website/News/Details?key=1112402

A Slight Increase In Dollar Prices In Local Markets

Monday 11, March 2024 10:44 | Economical Number of readings: 270  Baghdad / NINA / The exchange rates of the US dollar against the Iraqi dinar rose slightly today, Monday, in the markets of Baghdad and Erbil.

The selling price of the dollar in Baghdad rose to record 150,250 dinars, while the price yesterday, Sunday, was 150,150 dinars for every 100 dollars.

The selling price in money exchange shops in local markets in Baghdad was 151,250 dinars, while the purchase price was 149,250 dinars for every 100 dollars.

In Erbil, the price of the dollar also recorded a slight increase in banking shops, as the selling price reached 150,100 dinars, and the purchase price reached 150,000 dinars for every 100 dollars./End H

https://ninanews.com/Website/News/Details?key=1112364

A Slight Decline In The Prices Of Heavy And Medium Basra Crude Oil

3/11/2024  Mawazine News – Baghdad  The prices of Basra Heavy and Medium Crude crude fell slightly on Monday, coinciding with the decline in global oil prices.

Prices for Basra Heavy crude fell by 5 cents to reach $77.02, while prices for Basra Medium crude fell by 5 cents to reach $80.30.

Oil prices began this week's trading with a decline, continuing the losses they suffered last week due to concerns about the slowdown in demand in China, but the continued geopolitical risks surrounding the Middle East and Russia limited the decline.  https://www.mawazin.net/Details.aspx?jimare=243666

Ministry Of Planning: Inflation In The Country Has Risen To (4.5%)

Economy | 03/11/2024   Mawazine News – Baghdad  The Iraqi Ministry of Planning confirmed that the cumulative inflation level in the country has risen to approximately 4.5%.

The spokesman for the Ministry of Planning, Abdul Zahra Al-Hindawi, said in an interview followed by Mawazine News that the last monthly inflation in January 2024 was higher by 0.4% compared to what it was previously.

Abdul Zahra Al-Hindawi added that the annual inflation index rose by the same percentage compared to what it was in January 2023, meaning the cumulative inflation became approximately 4.5%.

Regarding poverty levels in the country, a spokesman for the Iraqi Ministry of Planning explained that “data from the survey results regarding the level of poverty in Iraq will be released after about two months.”

Abdul Zahra Al-Hindawi pointed out that the aforementioned survey was conducted in all governorates, including the governorates of the Kurdistan Region.

Although Iraq is considered one of the oil-rich countries, it suffers from a continuous rise in poverty rates, amid government promises to take measures to address them, but they have not achieved the desired results.

The data now approved by the Ministry of Planning, which dates back to the year 2018, indicates that the poverty rate in Iraq is 21%, and in the governorates of the Kurdistan region it is about 6.5%.

Inflation is an increase in the general level of prices of goods and services, and the Consumer Price Index (CPI) is the most common and used indicator, as it tracks the average level of prices of goods and services that a family consumes.    https://www.mawazin.net/Details.aspx?jimare=243647

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

Provoking Points to Ponder on Decisions 

Necessity relieves us from the embarrassment of choice.  - Vauvenargues

When you have to make a choice and don't make it, that is in itself a choice.  - William James

A man without decision can never be said to belong to himself; he is as a wave of the sea, or a feather in the air which every breeze blows about.  - John Foster

Nothing is so exhausting as indecision, and nothing is so futile.  - Bertrand Russell

Not to decide is to decide.  - Harvey Cox

Decision is a sharp knife that cuts clean and straight; indecision, a dull one that hacks and tears and leaves ragged edges behind it.  - Gordon Graham

http://famousquotesandauthors.com/quotes_by_topic.html                                   

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

Goldilocks' Comments and Global Economic News Monday Evening 3-11-24

 Goldilocks' Comments and Global Economic News Monday Evening 3-11-24

Good Evening Dinar Recaps,

"The Yuan is the world's fifth most-used currency for trade. The IMF, which is due to review the basket's composition later this year, must deem any new currency "freely usable," or convertible - seen as a key obstacle for the Yuan, also known as the Renminbi. But the Fund also could change its criteria, or have a phased entry for the Renminbi after it meets the standards, as some officials have suggested."

Since the time of the quote above, the Renminbi has been included in the Special Drawing Rights of the IMF. There's even a bill that includes special recognition of China's currency and it's role in the future global economy.

Below, you will see a link to the dollar act legislative bill currently in the introduction phase. It states inside the introduction that digital dollar has to be formed this year. This means that the Stablecoin for the United States dollar is and will find its regulations completed for trade inside the new QFS.

Currently, the WTO is in process of currency reforms this year. They are adjusting percentage prices among several countries' goods and services to make trade among nations a "More Level Playing Field." These changes will have corresponding exchange rate adjustments through a re-indexing process.

Meanwhile, China's currency in trade is increasing in volume and part of the WTO's evaluation for the revaluation of the Eastern half of our World's currency values.

Role of the Renminbi:

"An SDR allocation is a way of supplementing Fund member countries' foreign exchange reserves, allowing members to reduce their reliance on more expensive domestic or external debt for building reserves."

© Goldilocks
PBC Gov
Congress Gov
Nasdaq
~~~~~~~~~~

Old traditional money is transitioning into digital gold money. Today and tomorrow are significant days in this transition process.

The reliance on old money to support the banking system is going away today as institutional money continues to pour into the new digital economy.

Tomorrow, price pressures will begin to form on new money (tokenized assets). This will no doubt begin a cascade of events.

This allows institutional money to begin increasing money velocity inside the new digital ecosystem. When Stablecoins are regulated. You will see retail money begin to flow into the markets. Brookings Edu

© Goldilocks

~~~~~~~~~~

"The Federal Reserve Board announced that the Bank Term Funding Program (BTFP) will cease making new loans as scheduled on March 11. The program will continue to make loans until that time and is available as an additional source of liquidity for eligible institutions."   17 hours ago

We talked about this around 2 years ago. Look for banking consolidations to take place. Those capable of meeting Capital 3 requirements will move forward.

Here is where the rubber meets the road. The integration of a Digital Gold Banking System will begin taking its first steps into the Global arena tomorrow. Financial Express

© Goldilocks

👆 As the article States, look for this to be a gradual integration for some banks.

~~~~~~~~~~

Hong Kong CPPCC members advocate for cross border e-commerce development - Daily Times

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CAIRO — Egypt on Wednesday floated its currency and announced a deal with the International Monetary Fund to increase its bailout loan from $3 billion to $8 billion, moving to shore up an economy hit by a staggering shortage of foreign currency and soaring inflation. The flotation of the Egyptian pound, combined with a sharp raise of the main interest rate, is meant to combat inflationary waves and attract foreign investment.

Egypt floating currency, agreeing with International Monetary Fund to increase bailout loan - Washington Times

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CBDC incoming...  | Twitter
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FEDNOW and Ripple Partnership:
This announcement marked the official integration of Ripple technology and XRP within the FedNow payment system, signaling a significant development in the use of blockchain technology and digital assets in the global financial system.   Supra

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CBDC vs. Cryptocurrency: Competition or Collaboration Towards the Future of Digital Finance? - Modern Diplomacy

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Silver Prices Forecast: Will Gold Strength, CPI Data Drive XAG/USD’s Direction Next Week? | FX mpire

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Drivers of Dollar Share in Foreign Exchange Reserves - FEDERAL RESERVE BANK of NEW YORK

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Iraqi PM Al-Sudani announces 6% growth in Non-Oil GDP - Shafaq News

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BlackRock To Buy Bitcoin ETFs For Global Allocation Fund  | Bitcoinist

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Larry Fink bets Bitcoin ETFs are just the beginning as Wall Street eyes $10tn tokenisation play – DL News

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"Iraq’s ruling coalition may call for early elections" Thoughts from TNT Members

TNT:

VictorD:  "The Iraqi government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1,320 dinars. Implementing such a decision is likely to significantly increase Al Sudani’s popularity."   According to this....$1 USD would equal 1.32 Dinar which would make the value of the Dinar about 75 cents.

Tishwash: Iraq’s ruling coalition may call for early elections

 from Jerusalem Post

By HUDHAIFA EBRAHIM/THE MEDIA LINE

MARCH 10, 2024

A poll by the nongovernmental Iraq Statistics Organization found Prime Minister Mohammed Shia’ Al Sudani to have an approval rate of 51%, the highest of any Iraqi official.

 Iraq’s ruling coalition plans to call for early elections in an attempt to overthrow Prime Minister Mohammed Shia’ Al Sudani.

Al Sudani belongs to the Coordination Framework, an alliance of Shiite parties loyal to Iran. But after assuming the premiership, Al Sudani changed his approach toward the parties and came to disagree with many of their political positions. 

A leader in the Islamic Dawa Party, which Al Sudani led until stepping down in 2019, told The Media Line that Coordination Framework parties have been meeting for about five months and plan to call for elections in 2024 or early 2025. 

“The plan is to attack the prime minister, belittle his achievements, bring him down popularly, and create more political and economic problems, after which the Iraqi street will go out in demonstrations demanding the overthrow of the government, and then call for early elections, and not nominate Al Sudani again, or grant him any position,” the source, who asked to remain anonymous, said. 

The source noted that two previous Iraqi prime ministers had lost their positions after the Iraqi public turned against them. 

Party fears creation of new political party

“The party fears that Al Sudani may announce the formation of a new political party or alliance, run in the upcoming elections, and become the ruling political majority in Iraq,” the source added.

The dispute between the Coordination Framework and Al Sudani relates to the prime minister’s approval of US Federal Reserve policies to prevent currency smuggling. These measures reduced the circulation of US dollars in Iraq and increased the price of the dollar. 

What is Outbrain

Al Sudani also implemented several policies that have boosted his popularity. He increased government salaries and wages for retirees, launched major development projects in the capital and several Iraqi governorates, and announced plans to improve infrastructure and expand the nation’s road network.

According to official statistics, Al Sudani also significantly reduced unemployment. In addition, he passed a social security law for workers in the private sector and announced a plan to build 1,000 schools and more than a million residential units.

Since mid-2023, at least 10 countries, including some in the Gulf Cooperation Council, have announced new investments in Iraq. The exchange rate of the dollar in the parallel market has also stabilized since November 2023.

A September 2023 opinion poll by the Government Advisory Board found that Al Sudani enjoys a 78% approval rate. Another poll by the nongovernmental Iraq Statistics Organization found him to have an approval rate of 51%, the highest of any Iraqi official. 

Al Sudani has spurned many political allies and opponents. He did not support former Speaker of Parliament Mohamed al-Halbousi and worked for his removal. He also removed most of the leaders of the Popular Mobilization Forces—a group of Iranian-backed militias—from government positions.

The Iraqi government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1,320 dinars. Implementing such a decision is likely to significantly increase Al Sudani’s popularity. 

Abbas al-Musawi, adviser to the former Prime Minister Nouri al-Maliki, said in statements to Iraqi media that Al Sudani’s achievements are achievements “for everyone,” while also saying that Al Sudani will not be reelected as prime minister.

“We are not afraid of Al Sudani. We have our audience, and it is a stable audience,” al-Musawi said. 

Al Sudani has faced heavy criticism on Iraqi television

Jaafar Al-Khudairi, a member of the National Wisdom Movement, one of the Shiite parties within the ruling Coordination Framework, told The Media Line, “The Dawa Party is trying to state that only its cadres are capable of running the state, but this is not true.”

He said that the parliament is discussing a new law regarding elections and that new elections might be called after that law’s passage. 

Karar Sahib, director of the Iraqi Media Observatory, told The Media Line that Al Sudani has faced constant criticism on Iraqi television. 

“There are channels affiliated with the Shiite religious parties, which were the most offensive, as they only showed the negative aspects of the decisions, and tried to exaggerate them,” he said. 

He said that consistencies across different channels suggest that there may be a single writer behind the criticism. 

Sahib defended Al Sudani’s achievements. “Iraq is now making an unprecedented renaissance,” he said. “It is true that the situation is still below ambition, but it is much better than before.”

Muhammad Al-Bouflah, a former professor of political science at the University of Baghdad, told The Media Line that the current political climate is a result of Al Sudani’s attempt to fracture the coalition.

He also said that the Coordination Framework will succeed in holding early elections only if Shiite cleric Muqtada al-Sadr comes out in favor of the plan. 

“I do not think that Muqtada al-Sadr will return to trusting the Coordination Framework after they removed him from the political process, and therefore the prime minister will continue to complete his term as president,” he said. 

Former Member of Parliament Shaiban Al-Kilani told The Media Line that the disputes have to do with the different parties’ attempts to vie for power. 

“The disputes are only over shares of the cake,” he said, “and are not disputes over the popularity of the current prime minister.”  link 

RoraH:  The quote in (bold) is the first time I've seen that information stated so blatantly in an article! Woooooooooooooohhhhhoooooooooooooooo!!! Come on RV!

Iraqi News Highlights and Points to Ponder Monday AM 3-11-24

Iraqi News Highlights and Points to Ponder Monday AM 3-11-24

OPEC Warns Of The Disappearance Of Oil: This Is What Its Repercussions Will Be

Arab and international   Economy News - follow up  The Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, warned of the repercussions of the disappearance of oil in the future.

Al-Ghais said in his article, “If oil disappeared tomorrow, there would be no jet fuel, gasoline, or diesel. Internal combustion engine cars, buses, and trucks would be stranded. Planes would stop, diesel-powered freight and passenger railways would stop, and people would not be able to travel.”

“Go to work, children will not be able to go to school, the shipping industry, which transports goods and passengers, will be devastated, there will be no point in calling emergency services, and the majority of ambulances, fire trucks, police cars, rescue helicopters and other emergency vehicles will be idle.”

He added: “Most phones and computers will also disappear because their plastic components are derived from oil, so it will be difficult to find a way to communicate with emergency services,” noting: “The construction sector will also stop, as diesel-powered vehicles will break down, and excavators, bulldozers, dump trucks, and cranes will remain.”

Cement mixers, vibrating rollers and compact cranes are out of service, and it will not be possible to build new homes or buildings or carry out vital maintenance work.”

He continued: “If oil disappears tomorrow, petroleum products will disappear with it, and this would affect the production of electric cars, and with supply chains disrupted, the structure of lithium batteries will also be affected, as the lithium battery consists of four parts, and the separators are microporous membranes, made Usually from petroleum-based polyethylene or polypropylene products, the petroleum-derived synthetic rubber used in car and bicycle tires will cease to exist.

Lawns, harvesters, balers, sprayers, and seeders will stop working, and the food containers needed for storage and preservation will not be available. Petroleum coal, a by-product of oil refining, is used as a feedstock in the manufacture of synthetic fertilizers, which are important in increasing crop productivity. This will likely result in food shortages.

He went on to say: “If oil disappears tomorrow, it will be catastrophic for health services everywhere, employees will lack the ability to move, and basic supplies will be stranded,” pointing out that “petroleum is an essential raw material for medicines, plastics, medical supplies, latex gloves, and pipes.”

Medical, medical syringes, adhesives, some bandages, antiseptics, hand sanitizers, cleaning supplies, prosthetics, artificial heart valves, resuscitation masks, stethoscopes, MRI scanners, insulin pens, injection bags, drug packaging, face masks, equipment Personal protection is largely derived from petroleum-based materials.”

He stated that "equipment used in medical research, such as microscopes, test tubes, and protective glasses, usually contains components derived from petroleum.

The chemical structure that produces aspirin begins with benzene derived from petroleum, where benzene is converted into phenol, which in turn is converted into salicylic acid, then... It is converted into acetylsalicylic acid, which the world knows as aspirin, and it is difficult to imagine a modern hospital without this group of essential petroleum products.”    https://economy-news.net/content.php?id=41342

Will The Decisions Of The Federal Court Affect The Form Of The Oil And Gas Law? .. A Foreign Report Reveals

Economy News – Baghdad   A report by the American energy news site, Oil Price, indicated that discussions are still ongoing between the federal government in Baghdad and the Kurdistan Regional Government about drafting a draft oil and gas law at a time between the Federal Court’s decision that Baghdad should be responsible for marketing, and this may have some impact on companies’ contracts. International oil companies operating in the region.

The economic expert, Simon Watkins, mentions in his report that a series of legal decisions issued by the Federal Supreme Court on February 21 show the broad outlines on which the oil and gas law that the Baghdad government is working on will be built, which will likely bring about a change in the mechanisms of exporting oil from the fields of the Kurdistan region. The same applies to the working conditions of Western oil companies operating there.

The economic expert, Watkins, points out that the Federal Court recommended that the regional government hand over the export mechanisms and financial resources to the central government through the State Oil Marketing Company (SOMO), and even if there is another mechanism for export, the financial returns will be transferred to the central government and in return, The central federal government is responsible and obligated to pay the salaries of public sector employees in the region.

The expert points out that this context will be different from the previous payment budget for oil revenues agreed upon between the regional government and the central government of Baghdad, which dates back to November 2014.

The agreement stipulated that the regional government would export no less than 550 thousand barrels per day of the oil produced. From its fields through the oil marketing company SOMO. In return, Baghdad allocates 17% of the federal budget.

This agreement was later canceled through an understanding reached between the regional government and the new federal government that was formed in the August 2018 elections and was established in the 2019 budget law.

This requires that the federal government transfer sufficient amounts of budget amounts to pay the salaries of the region’s employees in addition to financial compensation.

Another, in exchange for the regional government handing over the export of no less than 250 thousand barrels per day through the oil marketing company SOMO. This agreement was also marred by some implementation failures.

The report notes that, according to the regional government, it has the authority, through Articles 112 and 115 of the Constitution, to manage oil and gas extraction operations from fields in the region that were not in production in 2005, the year that was written in the Constitution and voted on by referendum.

In addition, the territorial government insists that Paragraph 115 states that it has the authority and authorization to sell oil and gas and receive resources for what is exported. The regional government also highlights that the Constitution gives it priority, in the event of a dispute, to refer to the law of the region and governorates.

However, the central government and SOMO Oil Marketing Company insist that Article 111 of the Constitution stipulates that oil and gas are public wealth for all the people in the region and governorates.

The report states that Russian and Chinese oil companies operate in oil and gas fields in southern and northern Iraq in the Kurdistan region, in addition to Western oil companies.

On August 3 of last year, the new federal government under the authority of Prime Minister, Muhammad Shia al-Sudani, stated that the new unified oil law would govern the mechanisms of oil and gas production and investment in both federal Iraq and the Kurdistan region and would contribute to being a strong factor for unifying Iraq.

The Iraqi Oil Minister, Hayyan Abdul Ghani, had confirmed during his participation in the Al-Rafidain Forum in Baghdad last week that discussions on the oil and gas project would be held with the Kurdistan region.

Minister Abdul Ghani said, "We held more than one meeting to discuss this issue in Erbil and Baghdad to prepare a draft of the oil and gas law according to the federal government's agenda."

The minister added that a draft of the law had previously been prepared, but officials in the region asked to discuss the draft with all its provisions. The review of many of the basic provisions had been completed, but the discussions stopped due to the occurrence of several incidents.

Abdul Ghani said that the Ministry of Oil held discussions with the Kurdistan region to prepare a draft oil and gas law, and a draft was prepared for this purpose and submitted to the federal government in accordance with the country’s constitution. - https://economy-news.net/content.php?id=41344

Will The Oil And Gas Law Have An Impact On Oil Companies Operating In The Region?

Posted On 03-11-2024 By Sotaliraq   Translated by / Hamed Ahmed  A report by the American energy news website, Oil Price, indicated that discussions are still ongoing between the federal government in Baghdad and the Kurdistan Regional Government about drafting a draft oil and gas law at a time between the Federal Court’s decision that Baghdad should be responsible for marketing, and this may have some impact on companies’ contracts. International oil companies operating in the region.

The economic expert, Simon Watkins, mentions in his report that a series of legal decisions issued by the Federal Supreme Court on February 21 show the broad outlines upon which the oil and gas law that the Baghdad government is working on will be built, which will likely bring about a change in the mechanisms for exporting oil from the fields of the Kurdistan region. The same applies to the working conditions of Western oil companies operating there.

The economic expert, Watkins, points out that the Federal Court recommended that the regional government hand over the export mechanisms and financial resources to the central government through the State Oil Marketing Company (SOMO), and even if there is another mechanism for export, the financial returns will be transferred to the central government, and in return, The central federal government is responsible and obligated to pay the salaries of public sector employees in the region.

The expert points out that this context will be different from the previous budget payments for oil revenues agreed upon between the regional government and the central government of Baghdad, which dates back to November 2014.

The agreement stipulated that the regional government would export at least 550,000 barrels per day of oil produced from its fields through the oil marketing company SOMO. In return, Baghdad allocates 17% of the federal budget.

This agreement was later canceled through an understanding reached between the regional government and the new federal government that was formed in the August 2018 elections and was based in the 2019 budget law.

This requires that the federal government transfer sufficient amounts of budget funds to pay the salaries of the region’s employees, in addition to other financial compensation in exchange for the regional government’s delivery of exports of no less than 250,000 barrels per day through the SOMO oil marketing company. This agreement was also marred by some implementation failures.

The report indicates that, according to the regional government, it has the authority, through Articles 112 and 115 of the Constitution, to manage oil and gas extraction operations from fields in the region that were not in production in 2005, the year that was written in the Constitution and voted on in a referendum.

In addition, the territorial government insists that Paragraph 115 states that it has the authority and authorization to sell oil and gas and receive resources for what is exported.

The regional government also highlights that the constitution gives it priority, in the event of a dispute, to refer to the law of the region and governorates. However, the central government and SOMO Oil Marketing Company insist that Article 111 of the Constitution stipulates that oil and gas are public wealth for all the people in the region and governorates.

The report states that Russian and Chinese oil companies operate in oil and gas fields in southern and northern Iraq in the Kurdistan region, in addition to Western oil companies.

On August 3 of last year, the new federal government under the authority of Prime Minister, Muhammad Shia al-Sudani, stated that the new unified oil law would govern the mechanisms of oil and gas production and investment in both federal Iraq and the Kurdistan region and would contribute to being a strong factor for unifying Iraq.

The Iraqi Oil Minister, Hayyan Abdul Ghani, had confirmed during his participation in the Al-Rafidain Forum in Baghdad last week that discussions on the oil and gas project would be held with the Kurdistan region.

Minister Abdul Ghani said, “We held more than one meeting to discuss this issue in Erbil and Baghdad to prepare a draft of the oil and gas law according to the federal government’s agenda.”

The minister added that a draft of the law had previously been prepared, but officials in the region asked to discuss the draft with all its provisions. The review of many of the basic provisions had been completed, but the discussions stopped due to the occurrence of several incidents.

Abdul Ghani said that the Ministry of Oil held discussions with the Kurdistan region to prepare a draft oil and gas law, and a draft was prepared for this purpose and submitted to the federal government in accordance with the country’s constitution. About Oil Price   LINK

Provoking Points to Ponder on Decisions 

Faith ... acts promptly and boldly on the occasion, on slender evidence.  - John Henry Cardinal Newman

A decision is an action you must take when you have information so incomplete that the answer does not suggest itself.  - Arthur Radford

She knew in her heart that to be without optimism, that core of reasonless hope in the spirit, rather than the brain, was a fatal flaw, the seed of death.  - Anne Perry

When faith is supported by facts or by logic it ceases to be faith.  - Edith Hamilton

How far would Moses have gone if he had taken a poll in Egypt?  - Harry S. Truman

Better to be without logic than without feeling.  - Charlotte Bronte

The will to be totally rational is the will to be made out of glass and steel: and to use others as if they were glass and steel.  - Marge Piercy

http://famousquotesandauthors.com/quotes_by_topic.html 

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

"Tidbits From TNT" Monday 3-11-2024

TNT:

Tishwash:  Sudani resolves the fate of the strategic framework agreement after the US withdrawal

Mawazine News – Baghdad

Prime Minister Mohammed Shia Al-Sudani stressed on Monday that Iraq does not need foreign soldiers from 86 countries under the international coalition, noting that the US withdrawal does not mean the break or the termination of the coordination framework agreement at all.

Al-Sudani said in an interview followed by Mawazine News that "the US withdrawal does not mean canceling the strategic framework agreement and then announcing the break."

He added that "negotiations between America and Iraq are conducted militarily without policy intervention and are professional and depend on three circumstances, including an assessment of the threat of ISIS, operational conditions and an assessment of the capabilities of Iraqi forces in the face of dangers."

He pointed out that "Iraq will work to schedule the American withdrawal after taking into account all those assessments and then it will work to develop US-Iraqi relations and work in accordance with the Strategic Framework Agreement."

CandyKisses:  Amid Doubts About Its Uselity. Sudani Is Preparing For A US Tour To Arrange Relations And End The Existence Of The International Coalition

 Earth News / Prime Minister Mohammed Shia' Al-Sudani is preparing to conduct an important visit to the United States of America to meet a large number of officials there, led by Joe Biden, to discuss many important issues, especially in light of the development of the aggression on some areas of the Middle East, in addition to the aggression against the Iraqi security forces by the US aircraft.

This visit comes in light of the dangerous escalation in the world and warnings of the expansion of the circle of fighting, while the Sudani will carry many other sensitive files, most notably the foreign presence in Iraq, in addition to the continuation of strikes between the Iraqi resistance factions and the American forces.

In September last year, the Sudani participated in the meetings of the United Nations General Assembly in New York, during which he met with the US Secretary of State, Anthony Blinken, but did not meet with President Joe Biden, at which time the US minister invited the Iraqi Prime Minister to visit Washington and meet with Biden, to discuss bilateral relations.

On this visit, political analyst Ghalib Al-Dami said in an interview with Earth News, that “the talk about the visit took place a year ago when the government was formed and its date was not set and US Secretary of State Blinken had previously invited the Sudanese to visit the United States, but without specifying the appropriate date, which caused its postponement.”

He added that "the Sudanese visit and his meeting with US President Biden, who says about the media that he is lack of memory, will not have a significant impact on the consideration that the current President Biden will leave his position after about 8 months," noting that "the visit will be very useful if it includes other US departments such as the parliament, the Ministry of Defense, the Ministry of State and the decision-making departments in Washington."

Al-Da'ami pointed out that "the Sudanese Prime Minister will carry with him all files related to the Iraqi economy, Iraqi security, the American presence, the stability of the country and everything related to it."

For his part, the government spokesman, on behalf of Al-Awadi, revealed in a statement followed by Earth News, that “the date of the Prime Minister’s visit will be during the spring, explaining that its goal is to arrange bilateral economic, political, cultural and security relations, end the mission of the international alliance and move to a bilateral relationship only.”

With regard to the calm between the United States and the Iraqi factions, Al-Awadi stressed that "stability in Iraq and the cessation of strikes directly contributed to the completion of dialogue and the timetable for the end of the mission of the international coalition and the withdrawal of foreign forces," but said that "the targeting of Iraqi bases in which international advisers are present, is reflected negatively on the speed of completion of the mission of the Supreme Military Committee and the completion of the task of ending the international coalition."

The Sudanese's visit, which is expected during the next two months, which was postponed more than once, due to the tense regional conditions, most notably the Israeli war on the Gaza Strip, is important in the eyes of the observer circles, as it is his first official visit since he took office in October 2022, and it will be on its agenda to discuss security unrest, including the escalation of mutual attacks between the United States and Islamic resistance factions since the beginning of the events in Gaza.

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CandyKisses:  The first Iraqi religious reference announces the “first day” of Ramadan

Shafaq News / Iraqi cleric Kamal Al-Haidariannounced that the first day of the holy month of Ramadan will be on Monday, March 11, 2024, according to a statement issued by his office, Shafaq News.

The statement explained that "this is based on the jurisprudential building of his eminence, which is based on accurate scientific and astronomical calculations that indicate that the central pairing (central) will take place on Sunday, March 10, 2024 at 09:00 UTC, God willing."

He continued that "the possibility of seeing the crescent as shown in the two figures below indicates that it can be seen on Sunday evening with an armed eye only (the telescope) in multiple areas of the two continents of North and South America based on the return criterion, and on the Yalop standard, it can also be seen by telescope only in many areas of the western North America and some areas of the Latin American continent, in addition to the possibility of seeing it with the naked eye in the case of the serenity of the full atmosphere and monitoring by an experienced observer in some areas of the western North America continent

Mot: .. how bout on Monday - We ~~~~

Mot: .... Just Saying !!! --- Beeeeeeeee Ready!!!

Iraq Economic News and Points to Ponder Monday AM 3-11-24

Iraq Economic News and Points to Ponder Monday AM 3-11-24

Tlm724 Administrator Bondlady’s Corner

{Financial Digitization}.. A Factor To Reduce Inflation And Absorb Hoarded Funds
 
Economical 03/10/2024   Baghdad: Haider Falih Al-Rubaie  Economic affairs specialists have identified the most prominent advantages that digital transformation can achieve in banking, placing at the forefront of these advantages the
 
     elimination of inflation through the use of small denominations, and the
 
     absorption of citizens’ hoarded cash mass, estimated at more than 95 trillion dinars, while
 
they praised the Central Bank’s measures. In providing the appropriate ground for achieving financial digital transformation,
 
they stressed the necessity of doubling the distribution of points of sale and working to oblige all government and private institutions to operate with electronic cards.

“The electronic transformation of the use of money in daily transactions” is of utmost importance in the government’s directions, which is making great efforts to complete this direction, especially after “the Council of Ministers had previously obligated
 
     private educational institutions, universities, private colleges,
     fuel processing stations,
     centers and
     shops of all kinds, In addition to
     restaurants,
     pharmacies,
     private medical clinics,
     stores,
     all wholesale and retail marketing outlets, and
     professionals,
 
there must be a minimum amount of their cash receipts through the electronic point-of-sale (POS) system.
 
Despite the short period of time in which it was officially decided to actually start using electronic payment methods (POS) in the country,
 
“the World Bank believes that the infrastructure for electronic payment systems in Iraq is the best in the region,” praising during a previous meeting with the Governor of the Central Bank, Ali Mohsen Al-Alaq, Director of the World Bank Office in Iraq, Richard Abdel Nour, explained
 
“the Central Bank’s procedures for facilitating financial transfers to different segments in Iraq.”
 
The process of “banking digitization” also represents a vital factor in achieving many economic advantages in the country, according to the banking expert and member of the Board of Directors of the Iraqi Association of Islamic Banks, Dr. Abbas Fadel Rahim, who stressed that
 
“digital transformation has become an important factor in all countries of the world, and it is
 
“This makes it imperative for all banking institutions in Iraq to use the latest knowledge in this field to keep pace with the development of banking work that most countries of the world have reached.”

In an interview with “Al-Sabah” on the sidelines of an economic symposium on the importance of digital transformation in banking, Abbas believes that
 
“technical developments in banking can help financial institutions and individuals achieve a number of positives, including
 
     investigation,
     financial inclusion,
     security,
     profitability, and
     liquidity,” indicating that  
 
“All banks in Iraq, private and government, operate under the umbrella and laws of the Central Bank,
 
     which has made important steps in the field of electronic banking, and has
 
     worked to provide the appropriate ground for achieving electronic banking transformation, as well as
 
     enabling financial institutions to work and advance in this direction to be able to It provides advanced financial business.” Abbas pointed out that the
 
electronic transformation of banking carries a number of advantages that can be
 
     reflected positively on the economic reality in the country, especially in the field of
 
     absorbing part of the citizens’ accumulated cash mass, as the digital transformation will
 
     relieve citizens of the need to carry or hoard sums, in addition to that The
 
transformation is able to play a vital role in reducing the high rates of inflation, due to the use of parts of the currency in electronic trading, and therefore the matter
 
will save families sums of money that can meet other parts of their daily requirements when using electronic cards, indicating that ………

trading in small denominations of less than 250 dinars is almost non-existent, so the
 
use of electronic cards will use those amounts, noting at the same time that the
 
high inflation rates are the result of many global factors that have greatly affected prices, especially the Russian-Ukrainian war. Abbas also explained that
 
among the advantages that the digital transformation of banking in Iraq can bring is the
 
     complete elimination of the circulation of counterfeit currencies, and the
 
     reduction of bribery operations due to reducing friction and direct dealing between citizens and employees,
 
calling for intensifying efforts to increase electronic card sales stations (POS).
 
In turn, the researcher specializing in economic affairs, Durgham Muhammad Ali, explained that
 
there are a number of steps that would make electronic payment operations successful in Iraq, noting that
 
among those steps is “the availability of promotional and procedural elements,” indicating that
 
“the procedural elements are primarily based on encouraging economic activities.” From shops, restaurants, malls and markets to acquire electronic payment devices (POS) and
 
provide financial privileges represented by granting tax allowances or other incentives to users of electronic cards.
 
Muhammad also stressed the importance of
 
     “facilitating the process of citizens obtaining electronic payment cards, by
 
     spreading more outlets for selling and charging these cards in residential and commercial areas outside banks,” pointing out at the same time that
 
expanding the process of using electronic cards will achieve many positive economic factors. At the forefront of which is
 
     reducing the need for annual printing of cash, and
 
     increasing circulation in cash denominations of less than 250 dinars, which is reflected at the end of the month in the family budget.
 
The economic affairs specialist called for the necessity of “reducing the operator’s commission or paying it by the state to encourage the adoption of these technologies to increase financial inclusion in the country.”      https://alsabaah.iq/93145-.html

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

Goldilocks' Comments and Global Economic News Sunday Evening 3-10-24

Goldilocks' Comments and Global Economic News Sunday Evening 3-10-24

Good Evening Dinar Recaps,

For the last few years, Japan and the United States have been engaged in "yield curve control mechanisms" to adjust monetary supply. This keeps long-term bond yields low. It encourages consumers to spend and businesses to invest. If you have a lot of money to invest in these activities, it allows you to move ahead of the rest of the world in wealth.

Japan is currently deciding to change their monetary policy under a new framework. This new framework will target the "volume of purchases," rather than, the yield curve control.

This is a move from benefiting the 1% to allowing supply and demand to determine market prices. When supply and demand determines market prices, a shift in currency values follow to meet these new demands.

Monetary policy changes such as this gives power back to the people by allowing the people to participate in determining market values. We do make up most of the market.

Consumers make up 2/3 of the influence made inside the marketplace through consumer spending. Coupled with an open market system in trade, and this becomes a much different way of life for the Global Economy.

An open market system is an economy that has no trade barriers and free market activities that govern trades between countries.

"The United Nations Conference on Trade and Development (UNCTAD) estimates that roughly 80 percent of global trade by volume and 70 percent by value is transported by sea. Of that volume, 60 percent of maritime trade passes through Asia, with the South China Sea carrying an estimated one-third of global shipping."

Do you see how shifts in monetary policies have the ability to change the way we live, and why I keep encouraging you to "watch the water?" This is the way to new currency values going forward.

The new digital asset-based trading system known to many as the Quantum Financial System is a way of shifting monetary influence back to the people who support it all. It levels the playing field, and the participatory effort gives opportunity to those who take it.

© Goldilocks
Bloomberg
ChinaPower
WhiteHouse

~~~~~~~~~~

The last few years have been difficult for so many people across the board. Our world is simply looking for direction to move forward. "Without a vision, the people perish."

These words have never been more true in the history of our world as it is now. We are beginning to gain steam in a new direction Globally, and those who participate in this new world will find themselves expanding within it.

Others will not participate in the New World, and it has a devastating effect of disconnecting people from the very energies the new world provides to sustain you.

These choices draw our attention to a wisdom deeply embedded within us all and endowed by our Creator at the moment of our birth. This is to freely choose from a myriad of paths a life in front of us a road of destiny.

Each of us have gifts and talents that can be utilized in the New World, and these are opportunities for us to explore a strange new world, to seek out life in all its forms, for the benefit of transforming ourselves and those around us in our co-creative relationship between our Creator and ourselves United by a power of peace.

© Goldilocks

~~~~~~~~~~

Clarity for Payment Stablecoins Act of 2023

This bill establishes a regulatory framework for payment stablecoins (digital assets which an issuer must redeem for a fixed monetary value).
 
Only permitted issuers are allowed to issue a payment stablecoin for use by U.S. persons. Permitted issuers must be a subsidiary of an insured depository institution, a federal-qualified nonbank payment stablecoin issuer, or a state-qualified payment stablecoin issuer. In general, permitted issuers must be regulated by the appropriate federal regulator, however, state-qualified issuers must be regulated by an appropriate state regulator.

Permitted issuers must maintain reserves backing the stablecoin on a one-to-one basis using assets as outlined by the bill, such as U.S. coins and currency or other assets regulators determine appropriate. Permitted issuers must also publicly disclose their redemption policy, establish redemption procedures, and publish on their website every month the details of the issuer's reserves.

The bill sets forth requirements for (1) the rehypothecation, or reusing, of such reserves; (2) providing custodial or safekeeping services for stablecoins or private keys; and (3) supervisory, examination, and enforcement authority over non-state qualified issuers.

In addition, the bill places a two-year moratorium on new endogenously collateralized stablecoins (i.e., stablecoins that rely on the value of another digital asset created or maintained by the same originator to maintain the fixed price).

Under the bill, permitted payment stablecoins are not considered securities under securities law. © HR 8950

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What is a supply and demand curve and how is it useful? | Indeed.com UK

~~~~~~~~~~

The Banks: “Unrealized Losses” in Q4, Securities Held by Banks, Bank Failures, and the Dropping Bank Count | Wolf Street

~~~~~~~~~~

CFTC Announcement:

Washington, D.C. — Two subcommittees of the Market Risk Advisory Committee (MRAC) will hold public meetings on Friday, March 15 from 9:30 a.m. to 12:30 p.m. (EDT) at the CFTC’s Washington, D.C. headquarters. Members of the public will also have the option of attending in person or virtually. Commissioner Kristin N. Johnson is the sponsor of the MRAC.

The Future of Finance Subcommittee and Climate-Related Market Risk Subcommittee will, separately, continue workstreams, including examining the potential risks that emerge in connection with increasing adoption of artificial intelligence in global financial markets and the risks that arise in connection with carbon derivatives markets with a particular focus on fraud and greenwashing, market integrity, product design, and disclosure.

Each meeting will be open to the public with seating on a first-come, first-served basis. Persons requiring special accommodations to attend the subcommittee’s meeting because of a disability should notify the contact persons below. Formal agendas for each subcommittee’s meeting are forthcoming. CFTC

~~~~~~~~~~

Japan is one of the United States’ most important trade and investment partners. In 2022, bilateral U.S.-Japan trade in goods and services was worth $309 billion  International Trade Administration

~~~~~~~~~~

We hold these truths to be self-evident, that all men (and women) are created equal, that they are endowed by their Creator with certain unalienable Rights, that among these are Life, Liberty and the pursuit of Happiness.   Archives

~~~~~~~~~~

I really hope you understand that cryptocurrency is soon to be the foundation for the infrastructure of our new digital asset-based trading system.

As Bitcoin grows, the rest of the crypto space grows. This is the first RV. The second one that many are looking for in paper currency will become possible because of the first one taking place right now.

Our new global economy is currently being re-indexed. Everything will be tokenized. Yes, even the foreign currency you hold. It is a process that will give new value to all of our currencies around the world.

© Goldilocks

~~~~~~~~~~

When the Bible speaks of living water, it is a symbol for spiritual nourishment and renewal. The new digital monetary system is symbolic of many things, and many do not recognize it's contents revealing itself right in front of our eyes.

For those who have eyes let them see that the gold attached to our new digital economy is an asset that can never be diminished for the elements contained within gold are eternal.

A new heaven and a new Earth represents the new economy of spirit, as well as, a new beginning for the Earth as well.

There is a promise contained within Revelations 21:1-6 that God will make all things new. It is a promise that many countries are making with one another in investing in the restoration of New Life.

It is a change in the way we have been using up our resources here on Earth, and a movement for countries to commit themselves to Green Bond Initiatives. It is a promise we have been thirsting for and centuries in the making. As it is written, "To the thirsty I will give water without cost from the spring of the water of Life."

It is a movement that has begun its activation through the process of connecting Quantum Technologies around the world that have embedded within them many of these green initiatives (Protocol 20).

As countries connect to one another, we are making a promise to restore our money to real values through gold enabled by a digital economy to help us fulfill new goals whose paths reach into our highest potential in favor with God and humanity.

This is why our current QFS that is still in process of finalizing a payment and messaging system will bring forth tokenized assets as a means capable of reaching the fulfillment of our return to that which is most sacred to us.

Have a wonderful Sunday my friends, and remember the purpose for which you were born. For what lies deepest within you, has the capacity to create miracles. Because the essence of who we are is greater than we think or even can think, our true home resides in the Stars.  Remember these things, and there will be no limits on what you can achieve from this day forward. Reference: Revelations 21:1-6

© Goldilocks

World Economic Forum

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Iraq Economic News and Points to Ponder Sunday Afternoon 3-10-24

Iraq Economic News and Points to Ponder Sunday Afternoon 3-10-24

Tlm724 Administrator Bondlady’s Corner

Prime Minister: We Cannot Witness Reconstruction And Services Without Achieving Stability

Sunday 10, March 2024 19:44 | Political Number of readings: 285

Baghdad / NINA / Prime Minister Muhammad Shiaa Al-Sudani said today, Sunday, that we cannot witness reconstruction and services without achieving stability.

Al-Sudani added in a speech during his meeting with a group of residents and notables of the city’s district in Basra, according to his media office, that “north of Basra is witnessing the existence of projects, some of which are implemented,” pointing out that “fighting corruption is not only the official’s task, but rather requires community awareness.”

He explained, "We must improve the type of service provided to citizens by addressing negatives and corruption," stressing that "we cannot witness reconstruction and services without achieving stability."

He stressed that "the issue of tribal conflicts must end and the state must be supported in performing its duties," indicating that "Iraq today is on the right track."

Al-Sudani concluded by saying: “It is time for the people to enjoy security and stability.”/End 9

https://ninanews.com/Website/News/Details?Key=1112264

The Dollar Stabilizes In The Capital, Baghdad, And Rises In Erbil With The Stock Market Closed

Sunday 10, March 2024 16:57 | Economical Number of readings: 244   Baghdad / NINA / The prices of the US dollar stabilized against the Iraqi dinar in Baghdad, and rose slightly in Erbil with the stock market closing on Sunday evening.

Dollar prices stabilized with the closure of the main Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 150,150 dinars for every 100 dollars, which are the same prices that were recorded this morning.

Selling prices in exchange shops in local markets in Baghdad stabilized, with the selling price reaching 151,250 dinars, while the purchasing price reached 149,250 dinars for 100 dollars.

In Erbil, the dollar recorded a slight increase, as the selling price reached 150,100 dinars per 100 dollars, and the purchase price was 150,000 dinars. https://ninanews.com/Website/News/Details?key=1112211

The Iraqi Market Decides To Launch Trading On Construction Bonds

Money  and business  Economy News – Baghdad  The Iraq Stock Exchange decided to launch trading on reconstruction bonds starting from March 19.

A source in the Iraq Stock Exchange told Al-Eqtisad News that the construction bonds will be traded starting from the Tuesday session, March 19, 2024, and will be in two denominations: 500 thousand dinars, with an interest of 6%, and one million dinars, with an interest of 8%.

He added that the second issuance of reconstruction bonds will be launched for trading in the Wednesday session, March 27, 2024. 03/10/2024 - https://economy-news.net/content.php?id=41322

Integrity: Economic Relations Will Force Countries To Cooperate With Iraq To Recover The Money

Economy | 01:26 - 03/10/2024   Mawazine News – Baghdad  The head of the Integrity Commission, Judge Haider Hanoun, announced that one million six hundred and thirty thousand dollars had been recovered out of seven million embezzled by the Director of the Economic Department of the Ministry of Electricity.

Hanoun said in a press conference followed by Mawazine News: “One million six hundred and thirty thousand dollars were recovered out of seven million embezzled by the director of the Economic Department of the Ministry of Electricity.”

He added, "Most of the money stolen was to finance terrorism, and that there is a country that embraces major corrupt people and is trying to distort the work of the Integrity Commission."

He pointed out that "we call on the countries that embrace the corrupt to reveal the accounts to recover the stolen money, as $250,000 was recovered from the convicted former Trebil Customs Director."   https://www.mawazin.net/Details.aspx?jimare=243585

Central Bank Sales Exceed $209 Million Today

Sunday 10, March 2024 12:16 | Economical Number of readings: 428  Baghdad / NINA / The Central Bank of Iraq announced, today, Sunday, its total sales of foreign currency through the electronic window.

The window recorded the total amounts of transfers abroad (remittances, credits) of $192,996,584, while the total amount of cash sales amounted to $16,430,000, and the total amount of sales amounted to $209,426,584.

The cash sale price was set at 1,305 dinars per dollar, while bond credits, international settlements for the electronic card, and foreign transfers were set at 1,310 dinars per dollar. /End 11

https://ninanews.com/Website/News/Details?key=1112144

The Iraqi Stock Exchange Closes Down By 0.93%

Market  Economy News – Baghdad  The Iraqi Stock Exchange closed, down by 0.93% during the opening of this week’s sessions.

The main index closed at 925.19, while shares traded amounted to more than one billion shares, worth 1.09 billion dinars, through the conclusion of 768 deals.

The shares of the Mosul Dam Tourism Company jumped to 14%, followed by Sumer Bank by 10% and Electronic Industries by 3.95%, while the shares of the International Islamic Bank lost by 18% and the Middle East Bank by 9%.  Views 73  03/10/2024 - https://economy-news.net/content.php?id=41321

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

Provoking Points to Ponder on Decisions 

 There are two ways of spreading light: to be the candle or the mirror that reflects it.  - Edith Wharton

You cannot have it both ways.  - Anonymous

I would sort out all the arguments and see which belonged to fear and which to creativeness. Other things being equal, I would make the decision which had the larger number of creative reasons on its side.  - Katharine Butler Hathaway

Of two evils, choose the less.  - Anonymous

Of two evils, choose the prettier.  - Carolyn Wells

Where bad's the best, bad must be the choice.  - Anonymous

Both choices are painful, but only one is therapeutic.  - Albert M. Wells

God offers to every mind its choice between truth and repose. Take which you please-you can never have both.  - Ralph Waldo Emerson

http://famousquotesandauthors.com/quotes_by_topic.html                                   

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

"Tidbits From TNT" Sunday Morning 3-10-2024

TNT:

Tishwash:  Al-Fateh: America is unable to bear the costs of its forces in Iraq

A member of the Al-Fatah Alliance, Aed Al-Hilali, saw that the American side is no longer able to bear additional financial burdens in light of the presence of its military forces inside Iraq, at a time when America is experiencing a difficult economic situation that requires it to reduce expenses.

Al-Hilali told Al-Maalouma, “America seeks to have a strong economic, military, or political influence inside Iraq, but it is no longer able to keep its forces in Iraq.”

He added, "The American military presence inside Iraq costs Washington large expenses in light of the crisis economic situation it is experiencing."

He explained, "America's budget has exceeded 30 trillion dollars, and the presence of its forces outside its country's borders will exhaust the American budget, which will force Washington to negotiate with Baghdad to end its military presence, and turn the page toward balanced relations built on foundations and agreements between the two countries."  link

CandyKisses:  Ramadan This Year Will Be The Most Difficult For Low-Income People

The head of the Strategic Center for Human Rights, Fadel Al-Gharawi, confirmed on Sunday that the Ramadan 2024 will be the most difficult month for low-income people due to the continued rise in foodstuffs in it.

Al-Gharawi said in a statement received by Earth News, that "a noticeable rise in sheep meat, fish, chicken, rice, sugar, fat, tea and infant formula," noting that "most traders raised these prices a month ago Ramadan without paying attention to the humanitarian conditions of the poor and low-income people."

Al-Gharawi called on "the Prime Minister to launch the Ramadan Karim initiative for low-income people and the poor, provide an integrated food basket throughout the month of Ramadan and ask the security forces to monitor prices in the local market and bring everyone who submits them to the judiciary.

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

CandyKisses:  Does the month of Ramadan start on Tuesday? Cloud cover and controversy between specialists

Baghdad Today - Follow-up

The Islamic world is awaiting the announcement of the first day of the blessed month of Ramadan According to the International Astronomy Center, most Islamic countries began the month of Shaban, Sunday, February 11, 2024 AD, and accordingly, most countries will investigate the crescent of the month of Ramadan today, Sunday (March 10), and the central conjunction with this day will occur at nine o'clock in the morning GMT, and the moon will set after sunset in almost all regions of the Islamic world.

Accordingly, many countries are expected to start the month of Ramadan tomorrow, Monday, March 11.

As for the possibility of seeing the crescent on Sunday, "Based on all the criteria for seeing the crescent published in reference scientific research, including the criterion of the Muslim scientist Ibn Tariq, the researcher Votheringham, the researcher Maunder, the researcher Bruin, the Muslim researcher Elias, the astronomical observatorySAAO, the researcher Yallop, and the Muslim researcher Odeh, the crescent is not possible today from anywhere in the Arab and Islamic world, whether with the naked eye or using a telescope, while the crescent can be seen using a telescope from parts of the Americas , especially from Western parts," according to the International Astronomy Center.

Therefore, for countries that require visual sighting of the crescent from somewhere in the Islamic world, these countries are expected to start the month of Ramadan on Tuesday (March 12), according to the same source.

Saudi weather expert Abdullah Al-Osaimi said that it may not be possible to see the crescent of the month of Ramadan today in Qassim, Sudair and northern Riyadh due to cloud cover with light dirt plankton.

However, he added that the atmosphere remains suitable in the eastern region, southern Riyadh, Mecca and Tabuk, adding that he expects tomorrow, Monday, the first day of the month of Ramadan.

Saudi meteorologist Waleed Al-Hogail also published a simulation showing how the crescent of Ramadan can be seen by placing the moon and the sun sunset today.

In the simulation, according to Al-Haqil, the sun will set at 6 or 6 and 4 minutes, and if the weather is clear, it will be possible to see the moon, although there is difficulty, for eleven minutes, and therefore tomorrow. Monday, will be the first day of Ramadan.

It is noteworthy that the Supreme Court in Saudi Arabia had called on Saturday to investigate the sighting of the crescent of the month of Ramadan, this evening, and inform those who see it with the naked eye or through binoculars nearest court

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

Tishwash:  “Including fleeing from the dollar.” Revealing the reasons for the rise in gold prices in Baghdad

Salah Nouri told {Al-Furat News} agency, “Gold in general is a commodity for saving, as it is a precious metal, and at the level of central banks it is considered an investment and reserve for the local currency.”

He added, "The increase in gold jewelry that is happening at the present time results from the increase in demand for it. When demand for every commodity increases, its price rises, and so far this is economically logical."

Nouri added, "But more importantly, why has the demand for gold jewelry increased at the present time? I think that the citizen tends to save in it instead of the dollar, and this is a weak reason. It is more likely that traders speculating in the dollar are turning to gold instead of the dollar for reasons of speculation or smuggling, because Individual citizens’ need for gold jewelry is limited to special occasions.”

Meanwhile, an informed source told {Al-Furat News} that one of the reasons for the rise in gold prices was due to “citizens’ weak confidence in banks, so they withdrew the amounts deposited in the banks and turned to gold.”

Local markets in Baghdad are witnessing a rise in gold prices, as the selling price of a gram reached {the mithqal}. 465 thousand dinars.   link

Mot:  . the Critical Guide!!!! 

Mot:  . What is Sunday!!!!???? 

Mot:  .... Finally!!!! The car clock is right

MilitiaMan: Iraqi Dinar - Investment Law - Iraq's Executive & Legal Level - Global Attention - Iraq Partnerships

Iraqi Dinar - Investment Law - Iraq's Executive & Legal Level - Global Attention - Iraq Partnerships

MilitiaMan and Crew:  3-9-2024

The Crew:  Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=2-QJWvw-PL0