"Tidbits From TNT" Friday 4-12-2024
TNT:
Tishwash: Before the start of the new working hours and the timing system was disrupted...demands to extend the Eid holiday
Today, Thursday (April 11, 2024), a number of citizens called on Prime Minister Muhammad Shiaa al-Sudani to extend the Eid al-Fitr holiday to next Tuesday instead of Saturday, as it is an exceptional holiday for several reasons, including the coincidence that the date of the holiday coincides between the sects, as well as the start of the holiday. Implementing the new appointment system for ministries and institutions.
"Baghdad Today" monitored a group of appeals on social media sites demanding that the Eid al-Fitr holiday be extended to next Tuesday, while the government set the Eid holiday from last Tuesday, April 9, until Saturday, April 13, provided that official working hours will resume in government institutions. All, on Sunday, April 14, 2024.
TNT:
Tishwash: Before the start of the new working hours and the timing system was disrupted...demands to extend the Eid holiday
Today, Thursday (April 11, 2024), a number of citizens called on Prime Minister Muhammad Shiaa al-Sudani to extend the Eid al-Fitr holiday to next Tuesday instead of Saturday, as it is an exceptional holiday for several reasons, including the coincidence that the date of the holiday coincides between the sects, as well as the start of the holiday. Implementing the new appointment system for ministries and institutions.
"Baghdad Today" monitored a group of appeals on social media sites demanding that the Eid al-Fitr holiday be extended to next Tuesday, while the government set the Eid holiday from last Tuesday, April 9, until Saturday, April 13, provided that official working hours will resume in government institutions. All, on Sunday, April 14, 2024.
It is hoped that all government departments and institutions will begin new working hours after the end of the Eid holiday, as the working hours of government departments and ministries in the Green Zone will be from seven to two in the afternoon.
The departments of education, interior, defense, and health will be from eight to three in the afternoon, and higher education, transportation, trade, and housing will be from nine in the morning to four in the afternoon.
As for universities and colleges, the working hours will be from ten in the morning until five in the afternoon. The decision will begin to be implemented experimentally after the Eid and for a period of 3 months. link
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CandyKisses: Al-Sudani says his meeting with Biden is “an opportunity to put the partnership between the two countries on a new basis.”
Shafaq News/ Prime Minister Muhammad Shiaa Al-Sudani considered, on Thursday, the meeting that he will have with President Joe Biden during his upcoming visit to the United States of America in mid-April “will be an opportunity to put the American-Iraqi partnership on a new and more sustainable basis.”
This was stated in an article published in “Farn Affairs” magazine, today’s issue.
“Our discussions will emphasize the continuing importance of our economic relations, cooperation in combating money laundering and terrorist financing, and the use of political and diplomatic tools to defuse regional tensions,” he wrote in his article.
He added, "The war against terrorism will remain a central topic for our governments," adding, "We recognize and appreciate the critical role played by the United States and other members of the international coalition to combat ISIS in defeating terrorism."
Al-Sudani added: This support has helped Iraq achieve stability, make great strides on the path to democracy, the rule of law, and ensure the government’s monopoly on the use of force.
He continued, "The time is right for our relationship to become broader, while recognizing the growing capabilities of our forces to defend Iraq and ensure the safety of its citizens - and to contribute in essential ways to building a prosperous and stable Iraq."
The Iraqi Prime Minister concluded his article by saying that the relationship “in its new form, our partnership can represent a source of mutual benefit for both our countries, and a driving force for achieving stability in the Middle East.”
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Tishwash: Al-Sudani to American companies: The current stability in Iraq is encouraging for you to engage in development projects
Prime Minister, Muhammad Shiaa Al-Sudani, called on American companies to work inside Iraq.
Al-Sudani said, the current stability in Iraq should encourage American companies to engage in important development projects in the fields of energy, communications, housing, health care, education, transportation, and others.
He added that it is also important that we combat corruption, which is the other side of terrorism, as its impact is no less devastating, and that we work to ensure that the people’s money is directed towards valuable goals, and that it is also imperative that we work to diversify our economy away from dependence on oil, even while we benefit from it. From our position as the second largest oil exporting country in OPEC (in addition to our possession of large reserves of natural gas)
Al-Sudani stated, “Our urgent need for American expertise and technology extends to clean energy and the green economy, as we seek to develop sustainable and renewable sectors,” adding that “the strategic framework agreement established the legal basis for these activities, and that by investing in them, it will enable us to put Iraq in a position that helps it strengthen Its democracy, strengthening the state, and strengthening the rule of law, are the pillars that will allow us to restore Iraq to its historical brilliance link
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CandyKisses: Iraq imports $70 billion last year from 11 countries
Baghdad - Iraq Today:
The "Iraq of the Future" Foundation for Economic Studies and Consultations announced that the country imported goods with a financial value of about 70 billion US dollars from 11 countries during the year 2023.
The institution said in a report published that it was based on the data of official customs authorities issued by the "most important" countries exporting various goods to Iraq, which are 11 countries.
The 11 countries are: UAE, China, Turkey, India, USA, Saudi Arabia, Brazil, South Korea, Germany, Japan and Iran.
According to the report, the total official imports of Iraq from these countries only in 2023 amounted to 67.25 billion US dollars, an increase of 6% compared to 2022, where the value of those countries' exports to Iraq was 63.5 billion US dollars.
The report also indicated that the exports of countries to Iraq except Iran amounted to 58 billion US dollars, up by 2.8% compared to 2022, which was 56 billion US dollars.
The Foundation expected that the exports of other countries not mentioned in the report to Iraq will be worth 3-5 billion US dollars, and therefore the total exports of countries to Iraq in 2023 will be worth 71 billion US dollars.
The report noted that these imports, with the exception of Iran's imports, need a daily purchase rate of hard currency of about 206 million US dollars, and if imports of services are added, which include (purchase of software, purchase of licenses, electronic services, etc.), which there is no clear statistics on their value, it is expected that the need today for dollars for external transfer (except for imports of Iran) reaches 225 million US dollars to cover all of Iraq's needs of dollars for trade purposes only.
Mot: Tired! -- I Really Dids!!
Mot: ... Yeppers... its Windy!! ~~~~~
Iraq Economic News and Points to Ponder Late Thursday Evening 4-11-24
Iraq Economic News and Points to Ponder Late Thursday Evening 4-11-24
Tlm724 Administrator Bondlady’s Corner
A Government Advisor Announces The Start Of Implementing The Reform Plan In Government And Private Banks
Economy News – Baghdad Adviser to the Prime Minister for Economic and Financial Affairs, Mazhar Muhammad Saleh, confirmed on Thursday that Prime Minister Muhammad Shiaa Al-Sudani is interested in reforming the course of the private and government banking system, while indicating the start of implementing the reform plan for government banks.
Saleh said, in a statement reported by the official news agency and seen by Al-Iqtisad News, that “the banking market has a great division. For example, the capital of private banks, or their share of capital from the government, is about 78 percent, while the capital of government banks is 22 percent.”
He continued, "While government banks account for 85 percent of activities and assets, while private banking activity is 15 percent, so there are large disparities between private and government banks."
Iraq Economic News and Points to Ponder Late Thursday Evening 4-11-24
Tlm724 Administrator Bondlady’s Corner
A Government Advisor Announces The Start Of Implementing The Reform Plan In Government And Private Banks
Economy News – Baghdad Adviser to the Prime Minister for Economic and Financial Affairs, Mazhar Muhammad Saleh, confirmed on Thursday that Prime Minister Muhammad Shiaa Al-Sudani is interested in reforming the course of the private and government banking system, while indicating the start of implementing the reform plan for government banks.
Saleh said, in a statement reported by the official news agency and seen by Al-Iqtisad News, that “the banking market has a great division. For example, the capital of private banks, or their share of capital from the government, is about 78 percent, while the capital of government banks is 22 percent.”
He continued, "While government banks account for 85 percent of activities and assets, while private banking activity is 15 percent, so there are large disparities between private and government banks."
He explained, “Private banks have almost coexisted on government allocations, whether through the window or by opening letters of guarantee for projects, meaning that any vibration exposes private banks to serious problems, so approximately 29 banks have been deprived of dealing in foreign currency.”
Saleh added, “Prime Minister Muhammad Shiaa Al-Sudani is very interested in reforming the course of the private and governmental banking system,” stressing that “there is a reform plan for government banks, and there is a foreign company that evaluates the banking work, its capital, and its functions until they are parallel to the work of international banks.”
He stated, "Private banks are facing a dilemma, especially after being deprived of trading in foreign currencies, even though they have coexisted with this issue. Therefore, the government is trying to create an internal environment that is supportive of them, and they need to correct their situations first."
He went on to say: “The Prime Minister is correctly supportive of private banks, on the condition that these banks improve their course of work,” stressing that “there is a reform plan to correct the course of private banks that will be implemented soon.”
A government source revealed, the day before yesterday, Tuesday, that Prime Minister Muhammad Shiaa Al-Sudani issued a set of measures and steps to revitalize the private banking sector, while directing a study of the possibility of strengthening the needs of private bank branches abroad in foreign currency.
The source said, “As part of the Iraqi government’s efforts to formulate a strategy that stimulates the activity of the private banking sector during the next stage, allowing it to engage more in efforts to diversify the economy and strengthen its foundations, Prime Minister Muhammad Shiaa Al-Sudani directed the adoption of a number of measures and steps in this regard, including: -
1 - The Ministerial Council for the Economy studies a proposal to increase deposits of government institutions and the central government with private banks, enabling them to provide more banking operations and contribute to the development of various vital sectors and increase their ability to provide various financing services inside and outside Iraq.
2- Support by the Iraqi government and the Central Bank of Iraq for banks Iraqi private banks through foreign institutions and banks, taking into account the credit rating of each bank.
3- Studying the possibility of enhancing the needs of private bank branches abroad in foreign currency for the purposes of financing foreign trade - the private sector and in accordance with the applicable contexts.
4- The Board of Directors of the Central Bank of Iraq determining Contribution of foreign capital to Iraqi banks and assessment of the reality of the situation in a way that benefits the Iraqi economy and in accordance with what is stated in Banking Law No. 94 of 2004.
5- Participation of representatives of the private banking sector when discussing relevant issues in all state institutions, including meetings of the Board of Directors of the Central Bank of Iraq .
6- Studying the reactivation of the financing initiative presented by the Central Bank of Iraq and in accordance with the contexts proposed by the Central Bank in this regard.
7- The Competition and Monopoly Affairs Council shall take the necessary measures under Law No. 14 of 2010 to prevent monopoly in banking services, provided that the Council shall submit reports to the Central Bank of Iraq and in coordination with it periodically and in accordance with the aforementioned law. Views 174 04/11/2024 https://economy-news.net/content.php?id=42374
Oil Prices Rise Against The Backdrop Of Expectations Of Worsening Conditions In The Middle East
Thursday 11, April 2024 Economical Number of readings: 284 Baghdad / NINA / Oil prices witnessed a new rise, today, Thursday, with investors preparing for worsening conditions in the Middle East that may include Iran, the third largest oil producer in OPEC.
By 03:25 GMT, Brent crude futures rose 30 cents, or 0.3 percent, to $90.78 per barrel, while US West Texas Intermediate crude futures rose 25 cents, or 0.3 percent, to $86.46 per barrel.
Both contracts rose more than 1% in the previous session after three sons of a Hamas leader were assassinated in an Israeli air strike in Gaza, raising fears that ceasefire talks between the two sides would falter.
“Prices remain sensitive to geopolitical developments in the Middle East, with market participants pricing in the risk of supply disruption if tensions persist for a longer period,” said Yip Jun Rong, market strategist.
“This helps offset some risk-off sentiment overnight, as markets recalibrate their interest rate expectations to cut interest rates in June and keep interest rates higher for longer into September,” Yip added, referring to US interest rates. / End https://ninanews.com/Website/News/Details?key=1120486
Dollar Exchange Rates In Baghdad
Economy Thursday, April 11, 2024 Baghdad/National News Center The exchange rate of the US dollar in Baghdad stabilized today, Thursday, the second day of Eid al-Fitr, at 148 thousand Iraqi dinars per dollar on the Al-Kifah Stock Exchange.
Purchase price: The purchase price of the dollar on the Al-Kifah Stock Exchange reached 147 thousand and 800 Iraqi dinars.
Selling price: The selling price of the dollar on the Al-Kifah Stock Exchange reached 148 thousand and 300 Iraqi dinars. https://nnciraq.com/252827/
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
Provoking Points To Ponder On Failures and Mistakes
There is a way to look at the past. Don't hide from it. It will not catch you if you don't repeat it.- Pearl Bailey
Forget your mistakes, but remember what they taught you.- Dorothy Galyean
Supposing you have tried and failed again and again. You may have a fresh start any moment you choose, for this thing that we call "failure" is not the falling down, but the staying down.- Mary Pickford
Failure is a disappointment but not defeat.- Jeanne Robertson
Memories are the key not to the past, but to the future.- Corrie ten Boom
Failure is delay, but not defeat. It is a temporary detour, not a dead-end street.- William A. Ward
http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html
Goldilocks' Comments and Global Economic News Thursday Evening 4-11-24
Goldilocks' Comments and Global Economic News Thursday Evening 4-11-24
Good Evening Dinar Recaps,
Announcement of the CHIPS Migration to ISO20222 Messaging:
"The adoption of this format by CHIPS (Clearing House Interbank Payment System) enhances the efficiency of payments processing, The Clearing House (TCH) said in a news release on Wednesday (April 10), two days after the migration.
It also lets participants and end-user customers gain value from enriched data content like extended remittance information. It lets users query structured message formats for multiple purposes, such as sanctions and compliance screening.
According to the release, the network wrapped its first day of operations on the ISO20022 message format having released 555,345 payments for a value of $1.81 trillion."
Goldilocks' Comments and Global Economic News Thursday Evening 4-11-24
Good Evening Dinar Recaps,
Announcement of the CHIPS Migration to ISO20222 Messaging:
"The adoption of this format by CHIPS (Clearing House Interbank Payment System) enhances the efficiency of payments processing, The Clearing House (TCH) said in a news release on Wednesday (April 10), two days after the migration.
It also lets participants and end-user customers gain value from enriched data content like extended remittance information. It lets users query structured message formats for multiple purposes, such as sanctions and compliance screening.
According to the release, the network wrapped its first day of operations on the ISO20022 message format having released 555,345 payments for a value of $1.81 trillion."
The Clearing House Interbank Payments System (CHIPS) is the largest Clearing House Payment System in the US. It is the largest private-sector, high-value clearing, and settlement system in the world.
On April 8th, 2024 the CHIPS Network successfully migrated to the ISO 20022 messaging system. This allows foreign currency exchanges to be traded on the new digital banking system.
Along with our transactions, there will be a clear message informing both sides of a trade what the exchange is all about with directions for the completion of the transaction. Pymnts Investopedia The Clearinghouse
© Goldilocks
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"The Financial Stability Institute (FSI) in a detailed report issued on April 9th, 2024, has emphasized the necessity of a coordinated regulatory approach to Stablecoins across different jurisdictions."
The Financial Stability Institute is calling for the unification of governing laws for Stablecoins throughout the US, UK, and the EU.
Global Regulations are needed for licensing, consumer protection, and AML in 7 jurisdictions.
Markets in Crypto Assets (MICA) are currently in the process of Global Regulations through the European Union. CoinGape Investopedia
© Goldilocks
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"BRICS refers to certain emerging market countries—Brazil, Russia, India, China, South Africa, and more—that seek to establish deeper ties between member nations and cooperate on economic expansion, including trade. The countries act as a counterbalance to traditional Western influence."
When the BRICS Nations become strong enough to have a trading influence equal to or greater than the Western Culture, there will be bilateral agreements "only" as a reason for us to sign documents in the near term.
This is expected to change in about two decades when the BRICS Nations are expected to be strong enough to overtake the dollar. The transition of the dollar is expected to be a slow process. In the meantime, the Dollar Act is in the process of moving through Congress to support this transition.
To have a (digital) currency strong enough to challenge the dollar or equal within its dominance able to level the playing field for the BRICS Nations, they will more than likely have a gold-backed digital trading coin that will give them the capacity to do so.
At that time or before, the United States will be under a Gold Standard and part of the new leveling playing field. Congress Investopedia ISS Africa
© Goldilocks
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What is the latest on #BRICS currencies? | Youtube
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Who controls the price of gold in 2024? | Youtube
👆 is gold about to decouple from the dollar?
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Breaking Ripple News:
Uphold Confirms FedNow Integration for XRP Transactions. Uphold lets users withdraw XRP instantly to US bank accounts using FedNow, easing crypto-to-fiat conversions. | Crypto Adventure 4 days ago
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Markets in Crypto-Assets Regulation (MiCA) | Esma Europa
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Markets in Crypto-assets (MiCA) – New EU law on crypto-assets | Twobirds
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Is Europe’s MiCA a Template for Global Crypto Regulation? | Coindesk
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Global Banking Announcement:
US Treasury and PBOC to Conduct Joint Financial Shock Exercises By Manesh Samtani, exercises will help establish lines of communication between US and Chinese regulators and identify areas of potential cross-border contagion and other risks | MSN
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Derivatives Services Bureau Announcement:
London, Tuesday 9 April 2024 – The Derivatives Service Bureau (DSB), the global golden source of reference data for Over the Counter (OTC) derivatives, today released the latest data on industry readiness for European UPI (Unique Product Identifier) regulatory reporting requirements, which are part of the EU EMIR Refit Regulations.
The European Union will implement UPI reporting from 29 April 2024 as the second G20 jurisdiction, following the US who went live from 29 January 2024, and ahead of the UK effective date in September 2024. | DSB
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Do you see what's happening? We are currently working on Global Payment Systems for the new QFS.
@Goldilocks
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Hong Kong spot Bitcoin ETF Announcement:
HONG KONG (Reuters) - "Spot bitcoin exchange-traded funds could be launched in Hong Kong this month with the first approvals likely to be announced next week, two people familiar with the matter said." | MSN
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FYI
Since I trade on the markets, you do know I will be very aware the instant our markets flip completely over to the new digital asset-based trading system. This will be all sectors of the market and the value changes that come with it including Forex. 😉
© Goldilocks
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President Joe Biden has promised Israel "ironclad" US support amid fears that Tehran could launch reprisals for an attack that killed senior Iranians. | BBC
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How Much GOLD Is In Home Depot Sand? | Youtube
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We are at the place where Credit Valuation Adjustments are about to begin.
The process will be monitored and assessed throughout most of this year and as new changes take place.
Look for all sectors of the market to be involved in this process such as banking systems and Forex.
Central Banks all over the world continue to focus on accumulating gold. Utilizing Gold as a World Reserve Asset makes this asset a matter of time before a country or countries of significant influence will build upon it's fixed value into their currency.
The BRICS Nations have been looking to do this for some time in the creation of and use of a trading currency that would appeal to all countries around the world.
Sprinkle a little gold dust on this new currency, and you will have a standard by which all trading protocols can be measurable on the QFS and utilized as a bridge asset through a digital asset backed by GOLD such as XRP. Risk Net
© Goldilocks
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Next week, the World Bank and the IMF are meeting in Washington DC for their Spring Meetings 2024. This year, the meetings will be compressed between 17th and 19th April, with some ancillary events happening between Monday 15th and Friday 20th. the schedule of events can be found here. 👇
Schedule | World Bank
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Gold & Silver Making MASSIVE Moves! Banks Are STACKING Lots Of Gold! | Youtube
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"Tidbits From TNT" Thursday 4-11-2024
TNT:
Tishwash: The streets of Baghdad are crowded with families celebrating Eid al-Fitr
Baghdadi families took advantage of the official holiday of Eid al-Fitr, which was set by the General Secretariat of the Council of Ministers as of yesterday, Tuesday, and coincided with the announcement of the Shiite and Sunni religious authority, considering that today, Wednesday, the first day of the month of Shawwal (the first day of Eid), is an opportunity to change the pattern of days. The month of Ramadan has passed.
The streets of the capital were crowded with private cars and public transportation to move between areas of Baghdad to visit family, relatives, and friends, as a traditional social ritual that Iraqi families are accustomed to during holidays and occasions.
TNT:
Tishwash: The streets of Baghdad are crowded with families celebrating Eid al-Fitr
Baghdadi families took advantage of the official holiday of Eid al-Fitr, which was set by the General Secretariat of the Council of Ministers as of yesterday, Tuesday, and coincided with the announcement of the Shiite and Sunni religious authority, considering that today, Wednesday, the first day of the month of Shawwal (the first day of Eid), is an opportunity to change the pattern of days. The month of Ramadan has passed.
The streets of the capital were crowded with private cars and public transportation to move between areas of Baghdad to visit family, relatives, and friends, as a traditional social ritual that Iraqi families are accustomed to during holidays and occasions.
On such occasions, the family rarely has a place to sit at the tables of a restaurant in Baghdad, unless they make advance reservations, as restaurants and even public parks are filled with thousands of families, celebrating Eid, or any other occasion.
After the mosques were crowded at dawn today with men and women praying to perform the Eid al-Fitr prayer, the daylight hours passed by receiving guests and exchanging congratulations and congratulations via phone calls or social media, which has become an alternative that many see as “monotonous and inanimate and breaks the social ties on which generations of Iraqis have been raised.” According to many citizens whom Shafaq News Agency correspondent spoke to.
The lens of Shafaq News Agency also toured a number of mosques at dawn today to document the performance of Eid al-Fitr prayer.
It is noteworthy that advance reservations in restaurants have spread widely for many years, but it became a common phenomenon after the Corona epidemic invaded Iraq and other countries, which imposed strict obligations and instructions at the time, and the situation continued as it was in the years that followed the end of the epidemic and the return of life to normal. link
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Tishwash: Al-Sudani: We are working to correct the state’s economic paths
Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Wednesday, that the government is working in all directions and stability has been achieved thanks to the blood of the martyrs, while he indicated that the government is working to correct the state’s economic paths.
A statement from the Prime Minister’s media office, received by Al-Iqtisad News, stated that “Al-Sudani received ministers, heads of bodies, deputy ministers, and military and security leaders from various formations and categories of our armed forces, as well as heads of federations and unions, and a number of tribal sheikhs and notables from Baghdad Governorate, congratulating them on the occasion of Eid Al-Fitr. ".
He added, "The Sudanese exchanged congratulations with the well-wishers, praying to God to protect Iraq and the Iraqis, and to grant our homeland and our people the blessing of security and stability."
The Prime Minister stressed - according to the statement - that “security and stability require that the state be productive and stable and perform its duties in the correct manner,” noting that “the government is working on these benefits in stages, and at the beginning of its work it focused on services, in order to reassure citizens that they are serious.” The government and its commitment to its programme.
Al-Sudani stressed, “This government is not working in one direction, but rather has a group of files in all directions, including critical issues related to correcting the state’s economic paths, as it is working to address them, which will have a major impact on the state in the future.”
He pointed to "the government's efforts to arm and modernize the Iraqi army and armed forces and to develop internal security services," stressing that "enhancing reassurance in the work of service institutions and ministries will be matched by reassurance among investors and businessmen inside and outside Iraq."
He concluded by saying: "The security and stability that has been achieved is thanks to the blood of the martyrs and their sacrifices link
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Tishwash: The dollar is on the Sudanese dialogue table in Washington.. Al-Awadi talks about the future of the Iraqi dinar
The Iraqi government spokesman, Bassem Al-Awadi, confirmed today, Thursday (April 11, 2024), that the dollar file and the work of banks will be strongly present during the visit of Prime Minister Muhammad Shiaa Al-Sudani to Washington, suggesting that the dinar’s situation in the future will be better.
Al-Awadi said in an interview with “Baghdad Today” that “after the issue of activating the strategic framework agreement between Washington and Baghdad and the security aspect, the economic file will be present and strongly during the Prime Minister’s visit to the United States,” indicating that “the relationship with the US Treasury and the Federal Bank continues and the dialogues are ongoing.” "It did not stop with them over the past year, as there were several mutual visits, announced or unannounced, to discuss this file."
Al-Awadi added, “The Sudanese will discuss the issue of banks and the economic and administrative reform of financial institutions and banks, as well as the dollar file,” explaining that “the price of the dollar ranged within the range of 147 thousand dinars for every 100 dollars during the short period at a time when the government took over its duties and the price of the dollar against the dinar was approaching.” From 148 thousand, meaning that the price is lower than before.”
He stressed that "the solution to the dollar crisis does not come with the push of a button. Rather, it requires economic reforms and includes many aspects, including political and economic ones. It needs a period to regulate the banks and reap the fruits of the central bank's packages and the government's decisions, which as a whole have begun to bear fruit through a gradual decline in the exchange rate of the dollar against the dinar." ", stressing that "there are assurances from the economic team supervising the issue, and we expect that the situation of the dinar will be better in the future."
It is hoped that, a few days from now, Prime Minister Muhammad Shiaa Al-Sudani will visit Washington and the White House to meet with US President Joe Biden.
Last March, the White House announced that on April 15, the White House would receive the Sudanese President, stressing that the leaders would reaffirm their commitment to the Strategic Framework Agreement, and would work to deepen their shared vision for a secure, sovereign, prosperous Iraq fully integrated into the broader region.
He pointed out that President Biden and the Sudanese Prime Minister will consult on a range of issues during the visit, including our shared commitment to the permanent defeat of ISIS and the development of the military mission nearly ten years after the formation of the successful global coalition to defeat ISIS.
He stated that they will also discuss the ongoing Iraqi financial reforms to promote economic development and progress towards Iraq's energy independence and modernization link
Mot: . When Ya Have tooooo much $$$$
Mot: ..... Big plans She has
Iraqi News Highlights and Points to Ponder Thursday AM 4-11-24
Iraqi News Highlights and Points to Ponder Thursday AM 4-11-24
Al-Sudani: We Are Working To Correct The State’s Economic Paths
Money and business Economy News – Baghdad Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Wednesday, that the government is working in all directions and stability has been achieved thanks to the blood of the martyrs, while he indicated that the government is working to correct the state’s economic paths.
A statement from the Prime Minister’s media office, received by Al-Iqtisad News, stated that “Al-Sudani received ministers, heads of bodies, deputy ministers, and military and security leaders from various formations and categories of our armed forces, as well as heads of federations and unions, and a number of tribal sheikhs and notables from Baghdad Governorate, congratulating them on the occasion of Eid Al-Fitr. ".
He added, "The Sudanese exchanged congratulations with the well-wishers, praying to God to protect Iraq and the Iraqis, and to grant our homeland and our people the blessing of security and stability."
Iraqi News Highlights and Points to Ponder Thursday AM 4-11-24
Al-Sudani: We Are Working To Correct The State’s Economic Paths
Money and business Economy News – Baghdad Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Wednesday, that the government is working in all directions and stability has been achieved thanks to the blood of the martyrs, while he indicated that the government is working to correct the state’s economic paths.
A statement from the Prime Minister’s media office, received by Al-Iqtisad News, stated that “Al-Sudani received ministers, heads of bodies, deputy ministers, and military and security leaders from various formations and categories of our armed forces, as well as heads of federations and unions, and a number of tribal sheikhs and notables from Baghdad Governorate, congratulating them on the occasion of Eid Al-Fitr. ".
He added, "The Sudanese exchanged congratulations with the well-wishers, praying to God to protect Iraq and the Iraqis, and to grant our homeland and our people the blessing of security and stability."
The Prime Minister stressed - according to the statement - that “security and stability require that the state be productive and stable and perform its duties in the correct manner,” noting that “the government is working on these benefits in stages, and at the beginning of its work it focused on services, in order to reassure citizens that they are serious.” The government and its commitment to its programme.
Al-Sudani stressed, "This government is not working in one direction, but rather has a group of files in all directions, including critical issues related to correcting the state's economic paths, as it is working to address them, which will have a major impact on the state in the future."
He pointed to "the government's efforts to arm and modernize the Iraqi army and armed forces and to develop internal security services," stressing that "enhancing reassurance in the work of service institutions and ministries will be matched by reassurance among investors and businessmen inside and outside Iraq."
He concluded by saying: "The security and stability that has been achieved is thanks to the blood of the martyrs and their sacrifices." 04/10/2024 - https://economy-news.net/content.php?id=42361
The Dollar Is On The Sudanese Dialogue Table In Washington.. Al-Awadi Talks About The Future Of The Iraqi Dinar
Economy |Baghdad today – Baghdad The Iraqi government spokesman, Bassem Al-Awadi, confirmed today, Thursday (April 11, 2024), that the dollar file and the work of banks will be strongly present during the visit of Prime Minister Muhammad Shiaa Al-Sudani to Washington, suggesting that the dinar’s situation in the future will be better.
Al-Awadi said in an interview with “Baghdad Today” that “after the file of activating the strategic framework agreement between Washington and Baghdad and the security aspect, the economic file will be present and strongly during the Prime Minister’s visit to the United States,” indicating that “the relationship with the US Treasury and the Federal Bank continues and the dialogues are ongoing.”
“It did not stop with them over the past year, as there were several mutual visits, announced or unannounced, to discuss this issue.”
Al-Awadi added, “The Sudanese will discuss the issue of banks and the economic and administrative reform of financial institutions and banks, as well as the dollar file,” explaining that “the price of the dollar ranged within the range of 147 thousand dinars for every 100 dollars during the short period at a time when the government took over its duties and the price of the dollar against the dinar was approaching.” From 148 thousand, meaning that the price is lower than before.”
He stressed that "the solution to the dollar crisis does not come with the push of a button. Rather, it requires economic reforms and includes many aspects, including political and economic ones.
It needs a period to regulate the banks and reap the fruits of the central bank's packages and the government's decisions, which in general are beginning to bear fruit through a gradual decline in the exchange rate of the dollar against the dinar." ", stressing that "there are assurances from the economic team supervising the issue, and we expect that the situation of the dinar will be better in the future."
It is hoped that, a few days from now, Prime Minister Muhammad Shiaa Al-Sudani will visit Washington and the White House to meet with US President Joe Biden.
Last March, the White House announced that on April 15, the White House would receive the Sudanese President, stressing that the leaders would reaffirm their commitment to the Strategic Framework Agreement, and would work to deepen their shared vision for a secure, sovereign, prosperous Iraq fully integrated into the broader region.
He pointed out that President Biden and the Sudanese Prime Minister will consult on a range of issues during the visit, including our shared commitment to the permanent defeat of ISIS and the development of the military mission nearly ten years after the formation of the successful global coalition to defeat ISIS.
He stated that they will also discuss the ongoing Iraqi financial reforms to promote economic development and progress towards Iraq's energy independence and modernization. LINK
Parliamentary Integrity Demands The Issuance Of The Sharq Charter To Ensure That Iraq’s Money Is Not Plundered
Local | 11/04/2024 Mawazine News – Baghdad , a member of the Parliamentary Integrity Committee, Representative Alia Nassif, revealed the involvement of what she called some of Prime Minister Muhammad Shiaa Al-Sudani’s tools in projects to resolve bottlenecks with corruption, while she pointed out that the only solution for Iraq is a “code of honour” whose content is “We will not plunder the state.”
Nassif said during a televised statement followed by Mawazine News: “A general director in the Ministry of Construction and Housing was summoned, and we then focused on the presence of Minister Benkin Rikani as well.
He was interrogated regarding the 14 billion that “Green Tahouat” carried, and his answer was that he disavowed his responsibility for any action after that. The money was delivered to the contractors and the rest of the details are in the judiciary and we are awaiting the results.”
She added, "The two companies (Danube and Emaar Al Badia) are the ones working within Al-Khadraa and the money was going to them, and so far they do not have final accounts. Their capital is 5 billion for each company and they receive projects worth 41 billion. If there is delay, the government will not be able to deal with them."
She continued, “The House of Representatives is relinquishing its supervisory and legislative role, and in every session it suffers a kind of weakness due to political conflicts and interests, and the parliamentary oath is not implemented 100%, and (Cover me and cover you) played a role many times greater.”
She explained, “Parliamentary Integrity is a (prevention) committee. When any file is opened, everyone gets upset, and it is the one that does the most work within Parliament. All the files that reach us are important and belong to influential parties and have a media system, and they all work against the representative who opens their files.”
Nassif explained, “During this session, I have problems with the general director of the Central Refineries. He has a terrible media army and his power is comparable to a minister, and all the general directors have political parties behind them,”
adding that “most of the files that I am committed to in the Integrity Committee, I bear personal responsibility for without relying on the rule of law.” They did not ask me to stop any file, and I bear most of the media and political attacks alone.”
Nassif revealed that there are “two files that we are working on, the first for ports and the second for roads, and they contain inhabited funds, in addition to the ports that contain money laundering, which the state can invest to maximize its reserves if it is controlled,” stressing that “some of the Sudanese tools in our bottleneck relief projects have indicators of corruption.”
It is the one that tampered with contracts , in addition to awarding 3 contracts for huge projects to a Lebanese company banned from operating in Beirut
. Prime Minister Muhammad Shiaa Al-Sudani supported projects to remove bottlenecks due to corruption, while pointing out that the only solution for Iraq is a “code of honour” whose content is “we will not plunder the state.”
Nassif said during a televised statement followed by Mawazine News: “A general director in the Ministry of Construction and Housing was summoned, and we then focused on the presence of Minister Benkin Rikani as well. He was interrogated regarding the 14 billion that “Green Tahouat” carried, and his answer was that he disavowed his responsibility for any action after that. The money was delivered to the contractors and the rest of the details are in the judiciary and we are awaiting the results.”
She added, "The two companies (Danube and Emaar Al Badia) are the ones working within Al-Khadraa and the money was going to them, and so far they do not have final accounts. Their capital is 5 billion for each company and they receive projects worth 41 billion. If there is delay, the government will not be able to deal with them."
She continued, “The House of Representatives is relinquishing its supervisory and legislative role, and in every session it suffers a kind of weakness due to political conflicts and interests, and the parliamentary oath is not implemented 100%, and (Cover me and cover you) played a role many times greater.”
She explained, “Parliamentary Integrity is a (prevention) committee. When any file is opened, everyone gets upset, and it is the one that does the most work within Parliament. All the files that reach us are important and belong to influential parties and have a media system, and they all work against the representative who opens their files.”
Nassif explained, “During this session, I have problems with the general director of the Central Refineries. He has a terrible media army and his power is comparable to a minister, and all the general directors have political parties behind them,”
adding that “most of the files that I am committed to in the Integrity Committee, I bear personal responsibility for without relying on the rule of law.” They did not ask me to stop any file, and I bear most of the media and political attacks alone.”
Nassif revealed that there are “two files that we are working on, the first for ports and the second for roads, and they contain inhabited funds, in addition to the ports that contain money laundering, which the state can invest to maximize its reserves if it is controlled,” stressing that “some of the Sudanese tools in our bottleneck relief projects have indicators of corruption.” She is the one who tampered with contracts, in addition to awarding 3 contracts for huge projects to a Lebanese company banned from operating in Beirut.” https://www.mawazin.net/Details.aspx?jimare=245671
Provoking Points To Ponder on Failures and Mistakes
In the past, few women have tried and even fewer have succeeded.- Rosalyn Sussman Yalow
A mistake is not a failure, but evidence that someone tried to do something.- Anonymous
Man must strive, and in striving, he must err.- Johann von Goethe
The person interested in success has to learn to view failure as a healthy, inevitable part of the process of getting to the top.- Dr. Joyce Brothers
Failure after long perseverance is much grander than never to have a striving good enough to be called a failure.- George Eliot
The sight of a cage is only frightening to the bird that has once been caught.- Rachel Field
http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html
MilitiaMan: Iraqi Dinar - IQD Update - Previous Era - Advanced Stage - Development - Reconstruction - Iraq First
Iraqi Dinar - IQD Update - Previous Era - Advanced Stage - Development - Reconstruction - Iraq First
MilitiaMan and Crew: 4-11-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Iraqi Dinar - IQD Update - Previous Era - Advanced Stage - Development - Reconstruction - Iraq First
MilitiaMan and Crew: 4-11-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Goldilocks' Comments and Global Economic News Wednesday Evening 4-10-24
Goldilocks' Comments and Global Economic News Wednesday Evening 4-10-24
Good Evening Dinar Recaps,
"Last week the Bank for International Settlements dropped a bombshell of an announcement where it launched Project Agorá, along with seven central banks, which will focus on the tokenisation of wholesale central bank money and commercial bank deposits on programmable platforms."
The race towards International payments has begun. We currently have Global Regulations being tested in Europe and soon to be implemented through MICA. These assets have grown out of the ability to do so because of Protocol 20, whereby, the interfacing of International Digital Networks have been given the green light to expand into Global connections capable of doing trades with Tokenized Assets at the push of a button.
The next step is to move towards Cross-Border International Trading. Several countries have began the process of regulating Stablecoins which is a representation of a country's currency. These regulations will speed up the velocity of money and opportunity for companies to grow at a much faster pace.
Goldilocks' Comments and Global Economic News Wednesday Evening 4-10-24
Good Evening Dinar Recaps,
"Last week the Bank for International Settlements dropped a bombshell of an announcement where it launched Project Agorá, along with seven central banks, which will focus on the tokenisation of wholesale central bank money and commercial bank deposits on programmable platforms."
The race towards International payments has begun. We currently have Global Regulations being tested in Europe and soon to be implemented through MICA. These assets have grown out of the ability to do so because of Protocol 20, whereby, the interfacing of International Digital Networks have been given the green light to expand into Global connections capable of doing trades with Tokenized Assets at the push of a button.
The next step is to move towards Cross-Border International Trading. Several countries have began the process of regulating Stablecoins which is a representation of a country's currency. These regulations will speed up the velocity of money and opportunity for companies to grow at a much faster pace.
As each country moves toward manufacturing their own goods and services over time, this will create less bottleneck situations at our shipping ports and more opportunities for jobs within each country for their people.
Shipping port volumes have been increasing it the last few years until the pandemic hit, and to lower these prices on goods traveling around the world more manufacturing jobs at home is being encouraged and shorter routes between countries are being mapped out. This will decrease inflation, and it will increase the Gold Backed Tokenized Assets used on the shipping ports to trade between countries.
Inflation tends to devalue a currency, and our ability to reduce cost in our shipping industry through more efficient mechanisms will move the pendulum of 80% trade around the world to a much smaller percentage.
Our ability to decrease inflation through digitizing our shipping ports and decrease premium prices on their movement will go a long way in adding more value to our currencies globally.
Bis Coin Speaker The Banker IMF Investopedia
Watch the water.
© Goldilocks
~~~~~~~~~
Tokenized Assets and the trading of Gold and Silver are beginning to pick up the pace. We have a shortage in Silver that continues to climb.
The demand for the Metal Markets are beginning to put price pressures on our Gold and Silver products.
Can you imagine what this is going to do to our Tokenized Assets such as Stablecoins? Kitco Bloomberg
© Goldilocks
~~~~~~~~~
The Bureau of Industry and Security recently provided the "freight forwarders" in the shipping industry guidance on the imports and exports between countries.
The Bureau of Industry and Security is currently getting involved in particular with "Correcting and Clarifying Export Controls Issued on Advanced Computing and Semiconductor Manufacturing Items."
Let's take a closer look at why freight forwarding guidance is important. It will promote clear guidance on foreign and domestic products being moved across countries near and abroad.
One of their more important roles as of late is to help companies tackle foreign currency exchange rates. They will help determine prices as they change due to developing circumstances.
This set of guidance represents the final rules that allow implementation of freight forwarders guidance to move forward with these new changes. Mondaq Braumiller Law JD Supra
WATCH THE WATER...
© Goldilocks
~~~~~~~~~
IRAQ
General Commission for Taxes: Strategic Direction
for Prioritized Reforms -A pdf located in Goldilocks' room here:
https://t.me/c/1545617426/76462
HLSEA2024011.PDF
Iraq is beginning to expand their revenue in country. This necessitates the progressive wage earner tax reforms outlined in the PDF above.
This expansion and clearer guidelines made on taxable income for the government, companies, and people are being redefined as we speak.
The transition into technical mechanisms will make this possible going forward. The new digital economy is now being interfaced in Iraq's new digital framework. IMF
© Goldilocks
~~~~~~~~~
The markets have suffered three legs down in the last few days. This is usually a great time to buy before Markets move three legs up.
But, an interesting thing happened today. The lack of buyers kept me from participating in the game because of the noticeable numbers of investors not following normal Market patterns.
This does not look good for tomorrow, the next day, and following unless buyers start coming into the market. My stance is a wait and see. If others are doing the same, we may have an alert status and moment of caution for the markets.
More and more countries are beginning to trade in their local currencies, and it's hard to know just yet if this is beginning to have an effect on the dollar.
I will report more as I go along and find out more details.
© Goldilocks
~~~~~~~~~
VELOCITY OF M1
This is our most recent money velocity chart. It ranges from 1960 to late March of this year. It is showing us a rising money velocity as of late. This does not mean we are doing well.
When you have too much money chasing too few goods, you have what is called a demand-pull inflation chart in front of you.
This makes sense to people who buy their groceries and come in with less goods using more money to buy them.
This may be sold as a good thing soon, but you know that it is not because of your grocery bill.
I am sharing this with you today to give you an idea of how difficult it is to invest in today's economy with all of these fundamentals no longer following correlated patterns as they used to do so.
To minimize the above data flows, we may see a false flag come into play to soften some of these money flows and coordinate some of these chart patterns. Wikipedia
This is why a Global Currency Digital-Asset Reset is needed.
© Goldilocks
~~~~~~~~~
The CPI index reading came out much higher than expected according to several resources.
This is believed to be a reason to raise interest rates among some economists while others are stating that lower interest rates will be what allows us to move into the new digital economy with new support levels.
Countries are divided on this issue as well. We are witnessing some countries lower their interest rates already while the United States keeps their interest rates the same.
This will create a trade war between countries as prices at our shipping ports will be affected.
Volatility is expected inside the marketplace as the East and West go to war in trade.
The winner takes all...
© Goldilocks
~~~~~~~~~
CPI comes in hotter than expected dashing rate cut hopes...Ira’s Morning Flash Video for 4 10 2024 | Youtube
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Exploring Japan's Potential To Lead Global Cryptocurrency Trends - Dataconomy
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A freight forwarder is a firm specializing in the arrangement of cargo on behalf of shippers. In most cases, freight forwarders provide a variety of supply chain services, including: Ocean or air freight transportation. Inland transportation from origin and/or to destination. | Crowley
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Hong Kong Said Likely to Approve Spot Bitcoin (BTC) Exchange-Traded Funds Next Week: Reuters | Coindesk
👆 more on this tomorrow.
~~~~~~~~~
The 'war of chan' to dominate semiconductors around the world is intensifying day by day. The U.S. g.. - MK
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U.S.-China trade fight ramps up with EVs and green tech - Fast Company
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Biden unveils $6.6bn for Taiwan’s TSMC to ramp up US chip production | Technology | Al Jazeera
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Exchange Rates and their Measurement | Reserve Bank of Australia
~~~~~~~~~
Silver laughed off an attempt to slam the price lower on the announcement of higher than expected Inflation numbers.
This is a NEW type of behavior in the Rigged COMEX Silver market and one that is very, very encouraging.
This means that the additional shorts needed for today's initial slam WERE NOT ABLE TO BE COVERED which makes the Commercial's Silver Short Problem that much bigger!
THIS IS THE END GAME!
SILVER ALERT! Silver Brushes off Attempted Price Slam on CPI! APPROACHES UNOBTAINIUM! (Bix Weir) | Youtube
~~~~~~~~~
New worries America on verge of losing petrodollar privilege | FX Street
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Iraq Economic News and Points to Ponder Wednesday Evening 4-10-24
Iraq Economic News and Points to Ponder Wednesday Evening 4-10-24
Tlm724 Administrator Bondlady’s Corner
Iraq Is Ranked 93rd Globally And Ninth In The Arab World For Investment, Business And Trade
Economy |04/10/2024 Mawazine News – Baghdad Iraq ranked 93rd globally and ninth in the Arab world in the best countries for investment or doing business for the year 2024, according to CEOWORLD magazine, which issued its report for the year 2024, which classifies and analyzes 199 countries based on their business and investment environments. The magazine considers the ease of doing business and the mobility of investors and skilled employees as strategic factors in this analysis.
The ranking was based on 11 different factors, including corruption, freedom (personal, commercial, and monetary), labor force, investor protection, infrastructure, taxation, quality of life, red tape, and technological readiness. Each category was equally weighted.
According to the latest rankings, Spain ranked sixth, followed by Australia, Poland, the Philippines, and the United States, respectively.
Iraq Economic News and Points to Ponder Wednesday Evening 4-10-24
Tlm724 Administrator Bondlady’s Corner
Iraq Is Ranked 93rd Globally And Ninth In The Arab World For Investment, Business And Trade
Economy |04/10/2024 Mawazine News – Baghdad Iraq ranked 93rd globally and ninth in the Arab world in the best countries for investment or doing business for the year 2024, according to CEOWORLD magazine, which issued its report for the year 2024, which classifies and analyzes 199 countries based on their business and investment environments. The magazine considers the ease of doing business and the mobility of investors and skilled employees as strategic factors in this analysis.
The ranking was based on 11 different factors, including corruption, freedom (personal, commercial, and monetary), labor force, investor protection, infrastructure, taxation, quality of life, red tape, and technological readiness. Each category was equally weighted.
According to the latest rankings, Spain ranked sixth, followed by Australia, Poland, the Philippines, and the United States, respectively.
Malaysia, Thailand, the Czech Republic, France and the United Arab Emirates ranked 11th, 12th, 13th, 14th and 15th, respectively, among the best countries in the world to invest or do business in 2024.
Iraq ranked 93rd in the world in the best countries to invest or do business for the current year, as It received 71.77 points for skilled hands in the market and 72.15 points for market potential. Nauru, Kiribati, Palau and Micronesia ranked last in the best countries for investment or doing business in 2024.
Iraq came ninth in the Arab world after: the UAE, Oman, Bahrain, Saudi Arabia, Tunisia, Kuwait, Qatar and Egypt. https://www.mawazin.net/Details.aspx?jimare=245624
The American Ambassador: Al-Sudani’s Visit To Washington Is Very Important
Political | 04/09/2024 Mawazine News – Baghdad National Security Advisor Qasim Al-Araji confirmed to the US Ambassador to Baghdad, Alina Romanowski, that the strategic framework agreement between Iraq and the United States is important and comprehensive and does not concern only the security aspect, but rather includes all fields.
Al-Araji’s media office stated in a statement received by Mawazine News, that “National Security Advisor Qasim Al-Araji received in his office today, Tuesday, the American ambassador to Baghdad, Alina Romanowski,” noting that “the two sides discussed the latest developments and developments in the political and security situation at the regional and international levels.” And the prospects for cooperation and partnership between Iraq and the United States of America.”
He added, "During the meeting, issues and files of common interest were also discussed, including the Al-Hawl camp file and continued cooperation in the field of combating terrorism."
According to the statement, during the meeting, Al-Araji expressed his “optimism about the upcoming visit of Prime Minister Muhammad Shia Al-Sudani to Washington,” noting that “the visit will establish a new era of relations between the two countries,”
noting that “the strategic framework agreement between Iraq and the United States of America It is important and comprehensive and does not concern only the security aspect, but rather includes all fields.”
Al-Araji stressed "the importance of countries withdrawing their nationals from Al-Hawl camp and drying up the human, financial and media sources of terrorism."
For her part, the American Ambassador confirmed that "the Prime Minister's visit to Washington is very important and that the two countries are moving toward a bilateral security agreement, and that the committees of the two countries are continuing meetings regarding the mission of the international coalition." https://www.mawazin.net/Details.aspx?jimare=245583
Oil Prices Are Approaching $100 Per Barrel
Economy | 04/09/2024 Mawazine News – Baghdad Oil prices rose in early Asian trading, Tuesday, after hopes diminished that negotiations between Israel and Hamas would lead to a ceasefire in Gaza and ease tensions in the Middle East.
By 00:32 GMT, Brent crude futures rose 40 cents to $90.78 per barrel. US West Texas Intermediate crude rose 35 cents to $86.78.
Brent suffered its first losses in five sessions and West Texas Intermediate fell for the first time in seven sessions against the backdrop of the possibility of a decline in geopolitical risks after a new round of ceasefire discussions between Israel and Hamas took place in Cairo on Monday at the end of an effort that lasted several sessions.
The market continues to evaluate the possibility of oil supply disruption. Analysts from ANZ said that the Iranian response to the suspected Israeli attack on its consulate in Syria “may make the oil market vulnerable to the conflict, after it has been largely unaffected since the Hamas attack on Israel.”
https://www.mawazin.net/Details.aspx?jimare=245563
Iraq's Financial Revenues Exceed 11 Trillion Dinars Within A Month
Money and business Economy News – Baghdad The Ministry of Finance revealed, on Tuesday, that the volume of Iraqi revenues in the federal budget during the month exceeded 11 trillion dinars, confirming that the oil contribution to the budget had decreased to 89%.
According to the tables issued by the Ministry of Finance in April for the January accounts for the current fiscal year, which showed that oil is still the main resource for Iraq’s general budget, reaching 89%, which indicates that the rentier economy is the basis of the country’s general budget.
The financial tables indicated that the total revenues in January amounted to 11 trillion, 527 billion, 453 million, 587 thousand and 580 dinars, indicating that the total expenditures with advances amounted to one trillion, 252 billion, 731 million and 419 thousand dinars.
According to the financial tables, oil revenues amounted to 10 trillion and 275 billion and 776 million and 460 thousand dinars, which constitute 89% of the general budget, while non-oil revenues amounted to one trillion and 266 billion and 307 million and 956 thousand dinars.
Views 53 Added 04/09/2024 - https://economy-news.net/content.php?id=42326
Today... The Stability Of Dollar Prices In Local Markets
Economy | 04/10/2024 Mawazine News - Baghdad.. Today, Wednesday, the exchange rates of the dollar against the dinar recorded stability at an increase in local markets in the capital, Baghdad.
The selling price of the dollar in banking offices in the capital, Baghdad, reached 149,000 dinars for every 100 dollars, while the purchasing price reached 147,000 dinars for every 100 dollars.
https://www.mawazin.net/Details.aspx?jimare=245625
A Slight Increase In Dollar Prices In Baghdad
Economy Tuesday, April 9, 2024 10:45 AM The exchange rates of the US dollar rose slightly, Tuesday morning, in Baghdad markets.
The National News Center correspondent said, “Dollar prices rose slightly with the opening of the Al-Kifah and Al-Harithiya stock exchanges, recording 148,200 dinars for every 100 dollars, while yesterday, Monday, prices recorded 148,000 dinars for every 100 US dollars.”
He added, "Selling prices in exchange shops in local markets in Baghdad stabilized, as the selling price reached 149,000 dinars, while the purchasing price reached 147,000 dinars for every 100 dollars."
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
Provoking Points To Ponder On Failures and Mistakes
When we can begin to take our failures non-seriously, it means we are ceasing to be afraid of them. It is of immense importance to learn to laugh at ourselves.- Katherine Mansfield
If I lose, I'll walk away and never feel bad.... Because I did all I could, there was nothing more to do.- Joe Frazier
A man must learn to forgive himself.- Arthur Davison Ficke
You must accept that you might fail; then, if you do your best and still don't win, at least you can be satisfied that you've tried.- Rosalynn Carter
Who would not rather trust and be deceived?- Eliza Cook
Forget mistakes. Forget failure. Forget everything except what you're going to do now and do it. Today is your lucky day.- Will Durant
http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html
Iraq Economic News and Points to Ponder Late Wednesday Afternoon 4-10-24
Iraq Economic News and Points to Ponder Late Wednesday Afternoon 4-10-24
Tlm724 Administrator Bondlady’s Corner
Following The "Golden Rule"... A Government Advisor Explains How Iraq Can Liquidate Its Foreign Debts
Time: 04/09/2024 13:31:32 Read: 3,458 times {Economic: Al-Furat News} A government advisor explained how Iraq will liquidate and reduce its foreign loans and debts.
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, told Al-Furat News Agency,
“A positive indicator of the decline in external obligations, and foreign loans in the future will be limited when needed to projects that generate income and employ work.”
He stated, "Many of the committed and undrawn external debts have been liquidated, which means that Iraq follows the {golden rule} in borrowing, which stipulates that the returns from using external loans spent on productive projects exceed the cost of the loan itself, and this is what is called {productive external loans}".
Iraq Economic News and Points to Ponder Late Wednesday Afternoon 4-10-24
Tlm724 Administrator Bondlady’s Corner
Following The "Golden Rule"... A Government Advisor Explains How Iraq Can Liquidate Its Foreign Debts
Time: 04/09/2024 13:31:32 Read: 3,458 times {Economic: Al-Furat News} A government advisor explained how Iraq will liquidate and reduce its foreign loans and debts.
The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, told Al-Furat News Agency,
“A positive indicator of the decline in external obligations, and foreign loans in the future will be limited when needed to projects that generate income and employ work.”
He stated, "Many of the committed and undrawn external debts have been liquidated, which means that Iraq follows the {golden rule} in borrowing, which stipulates that the returns from using external loans spent on productive projects exceed the cost of the loan itself, and this is what is called {productive external loans}".
Government spokesman Bassem Al-Awadi announced yesterday that “the government took a series of executive measures and adopted a package of financial decisions that resulted in reducing the external public debt by more than 50%, bringing the debt down from $19.729 billion in late 2022, to $15.976 billion.” In 2023, reaching approximately $8.9 billion in the current year.”
He stated, “These financial steps, (which included stopping a number of borrowing operations due to their delay and lack of productivity, organizing and managing debts and auditing them, and restructuring some debts and directing them to create strategic projects), aim to prevent the Iraqi economy from mortgaging obligations that may affect, in the future, the political decision.”
Or in the path of national development, which coincides with an urban renaissance and infrastructure reconstruction, which opens the way to a promising future and a revitalized economy, in which our current and future generations perform best and obtain the greatest opportunities.
https://alforatnews.iq/news/متبعاً-القاعدة-الذهبية-مستشار-حكومي-يوضح-كيفية-تصفية-العراق-لديونه-الخارجية
Al-Hakim: The Sudanese Visit To America Is Important And Must Be Supported
Political | 04/10/2024 Mawazine News – Baghdad On Wednesday, the head of the Wisdom Movement, Ammar al-Hakim, called on the national leaders to a “high central” meeting to review and evaluate the political experience in Iraq. He also called on the Presidency of the House of Representatives to set a “soon date” for electing a speaker of Parliament, while stressing the necessity of supporting the visit of Prime Minister Muhammad Shia Al-Sudani expected to come to Washington.
Al-Hakim said during his Eid al-Fitr sermon: “We thank God Almighty for the restoration of security in the country, thanks to the governmental, security and military efforts made by all the valiant institutions and armed forces in (Defence, Interior, Popular Mobilization Forces, Peshmerga, National Security, Intelligence Service and National Security Advisory) under the leadership of the Sudanese brother.
Everyone must join hands and cooperate in preserving the achievement - society, government, elites, political forces, institutions and parliament.
Al-Hakim called on the national leaders to “a high-level central meeting based on investing in the positive environment that the country is currently experiencing and benefiting from it in reviewing and evaluating the political experience in Iraq and coming up with fundamental and detailed points that address the structural errors that cause political blockages in the country, and political blockages have always been obstructive and confusing to the course of action.” Building and developing the state.
He continued: “We need profound reforms to the structure of the political system in its economic and legislative dimensions, provided that these reforms are based on the political experience that the national political forces in Iraq went through.
We do not want to start from scratch and expose the country to political vacuum and confusion... Rather, we want structural reform.” It is consistent with the nature of the federal state system on the one hand and is based on its constitutional institutions without procrastination and obstruction on the other hand.”
Al-Hakim called on the government and the House of Representatives to “adopt a strategic national document that clearly stipulates the identification of mechanisms that protect the highest interests of the country, most notably the rule of the constitution and the judiciary, and that we do not deal with these mechanisms in political contexts whose concern is profit and loss, but rather deal with the mentality of the state and concern for the interests of the country and the rights of the people.” Stressing "the need for there to be broad participation in writing this national document within the foundations of specialization and solid methodology."
He stressed that “the state cannot be strengthened without relying on its executive and legislative institutions in a balanced and responsible manner, as they are the representative and competent in foreign dealings and the formulation of the country’s foreign policy depends on them, and this will not be done in isolation from a comprehensive framework that includes the national political forces that represent the people and that have translated the people’s trust in that government.” It is an essential and supportive part of the government’s work and directions.”
He pointed out "the importance of activating the legislative and oversight role of the House of Representatives by accelerating the selection and election of a new president who will carry out the burdens of managing the House, its responsibilities, its sessions, its agenda, and organizing its relationship with other authorities," continuing:
"This matter requires our brothers in the Sunni component to speed up the understanding within the component to resolve the presidency file." “The Council, we are confident of their ability to resolve this issue soon and urgently, and we are ready to provide any assistance required in this regard.” https://www.mawazin.net/Details.aspx?jimare=245618
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
Provoking Points To Ponder On Failures and Mistakes
There is nothing wrong with making mistakes. Just don't respond with encores.- Anonymous
The road to wisdom? Well, it's plain and simple to express: Err, and err, and err again. But less, and less, and less. - Piet Hein
I made a mistake today, I made a mistake yesterday. I think it's ... very important to ignore the negative.- Jerry Rubin
The biggest quality in successful people I think is an impatience with negative thinking. ... How many opportunities come along? If you wait for the right one, that's wrong, because it may never be right, and what have you got to lose? Even if it's a disaster, you've tried, you've learned something, you've had an adventure. And that doesn't mean you can't do it again.- Edward McCabe
A peacefulness follows any decision, even the wrong one.- Rita Mae Brown
If you don't accept failure as a possibility, you don't set high goals, you don't branch out, you don't try - you don't take the risk.- Rosalynn Carter
http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html
Some "Iraq News" Posted by Clare at KTFA 4-10-2024
KTFA:
Clare: Al-Hakim and Al-Khazali in the Eid sermon: We support Al-Sudani’s visit to Washington and hope for its success
4/10/2024
Asaib Ahl al-Haq, Qais al-Khazali, said today, Wednesday, that the visit of Prime Minister Muhammad Shia al-Sudani to Washington is important and we hope that it will be a success. The leader of the National Wisdom Movement, Ammar al-Hakim, also expressed his hope that the visit will enjoy Iraqi support and consensus to enable the government to facilitate dialogue and negotiation.
Al-Khazali during the Eid sermon, followed by Network 964:
The position of Prime Minister Muhammad Shiaa Al-Sudani, and the coordination framework, is clear in not agreeing to the continuation of the foreign military presence.
KTFA:
Clare: Al-Hakim and Al-Khazali in the Eid sermon: We support Al-Sudani’s visit to Washington and hope for its success
4/10/2024
Asaib Ahl al-Haq, Qais al-Khazali, said today, Wednesday, that the visit of Prime Minister Muhammad Shia al-Sudani to Washington is important and we hope that it will be a success. The leader of the National Wisdom Movement, Ammar al-Hakim, also expressed his hope that the visit will enjoy Iraqi support and consensus to enable the government to facilitate dialogue and negotiation.
Al-Khazali during the Eid sermon, followed by Network 964:
The position of Prime Minister Muhammad Shiaa Al-Sudani, and the coordination framework, is clear in not agreeing to the continuation of the foreign military presence.
The Prime Minister's upcoming visit to Washington is important, and we hope that the visit will be a success.
There is international will, planning, and action that created the terrorist organization ISIS, and the Iraqis are able to complete their security and political sovereignty.
Al-Hakim during the Eid al-Fitr sermon, followed by the 964 network:
There is an upcoming visit by the Prime Minister to Washington and a meeting with the President of the United States of America and senior officials there. We believe that this visit is important and must have Iraqi support and consensus to enable the government to facilitate dialogue and negotiate the future of Iraqi-American relations, which are taking on new dimensions according to the ongoing discussions, dialogues and negotiations. .
Iraq wants to establish a strong partnership with all countries of the region and the world within the framework of mutual respect and common interests, while respecting its sovereignty and preserving its independence by all, and in a sound atmosphere that enables everyone to make the right and fruitful decisions. LINK
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Clare: The agenda of the Sudanese visit to Washington and his accompanying delegation was revealed
4/10/2024
An official source in the Ministry of Foreign Affairs revealed the agenda of Prime Minister Muhammad Shiaa Al-Sudani’s visit to the United States next week.
The source said, “The visit scheduled for the fifteenth of this month to Washington will include, in addition to the Prime Minister, a number of Iraqi military and security leaders,” adding that “the file of the American forces, the role of the international coalition, and the American sanctions on Iraqi banks and financial institutions, will be discussed.” Header of the files to be searched.
He stated that the visit will draw "a new picture of cooperation between Iraq and the United States, including setting a schedule to review the American military presence in Iraq," stressing that the expected announcement of the meeting between US President Joe Biden and Sudanese will include American support for the Iraqi forces, and in the field of development and reconstruction as well.
Al-Sudani is scheduled to visit Washington on the 15th of this month. LINK
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Clare: Al-Sudani: We are working to correct the state’s economic paths
4/10/2024 Baghdad
Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Wednesday, that the government is working in all directions and stability has been achieved thanks to the blood of the martyrs, while he indicated that the government is working to correct the state’s economic paths.
A statement from the Prime Minister’s media office, received by Al-Iqtisad News, stated that “Al-Sudani received ministers, heads of bodies, deputy ministers, and military and security leaders from various formations and categories of our armed forces, as well as heads of federations and unions, and a number of tribal sheikhs and notables from Baghdad Governorate, congratulating them on the occasion of Eid Al-Fitr. ".
He added, "The Sudanese exchanged congratulations with the well-wishers, praying to God to protect Iraq and the Iraqis, and to grant our homeland and our people the blessing of security and stability."
The Prime Minister stressed - according to the statement - that “security and stability require that the state be productive and stable and perform its duties in the correct manner,” noting that “the government is working on these benefits in stages, and at the beginning of its work it focused on services, in order to reassure citizens that they are serious.” The government and its commitment to its programme.
Al-Sudani stressed, "This government is not working in one direction, but rather has a group of files in all directions, including critical issues related to correcting the state's economic paths, as it is working to address them, which will have a major impact on the state in the future."
He pointed to "the government's efforts to arm and modernize the Iraqi army and armed forces and to develop internal security services," stressing that "enhancing reassurance in the work of service institutions and ministries will be matched by reassurance among investors and businessmen inside and outside Iraq."
He concluded by saying: "The security and stability that has been achieved is thanks to the blood of the martyrs and their sacrifices." LINK
4/10/2024 Baghdad -
Prime Minister Muhammad Shiaa Al-Sudani and Jordanian King Abdullah II bin Al-Hussein discussed, on Wednesday, ways to develop bilateral relations between the two countries.
The Prime Minister’s Media Office stated, in a statement received by the Iraqi News Agency (INA), that “Prime Minister Muhammad Shiaa Al-Sudani exchanged, via a phone call, with the King of the Hashemite Kingdom of Jordan, Abdullah II bin Al-Hussein, congratulations on the occasion of the blessed Eid Al-Fitr, as both sides rejoiced. May God Almighty continue the blessing of security and stability to the peoples of the two brotherly countries, and to the entire Islamic nation.”
The statement continued, "The call witnessed discussion of bilateral relations between the two countries and ways to develop them, and a review of the current conditions in the region, especially the ongoing aggression against the Palestinian people in Gaza, and calls to stop the genocide, and for the international community to assume its responsibilities, for a ceasefire and the delivery of aid." "Humanity." LINK
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4/10/2024
Prime Minister Muhammad Shia Al-Sudani and the Emir of the State of Kuwait, Sheikh Mishal Al-Ahmad Al-Jaber Al-Sabah, today, Wednesday, discussed joint work to open horizons towards sustainable development.
The Prime Minister’s Media Office stated, in a statement received by the Iraqi News Agency (INA), that “Prime Minister Muhammad Shiaa Al-Sudani received a phone call from the Emir of the State of Kuwait, Sheikh Meshaal Al-Ahmad Al-Jaber Al-Sabah, during which congratulations were exchanged on the occasion of the blessed Eid Al-Fitr. The two sides expressed their wishes to the two brotherly peoples, and to the rest of the peoples of the Arab and Islamic nation, for continued stability, security and prosperity.
The statement added, "The call witnessed discussion of bilateral relations between the two countries and an effort to strengthen them, and highlighted the current challenges at the regional and international levels, and ways of joint action, in order to extend stability and open horizons towards sustainable development for the benefit of the peoples of the region." LINK
Iraq Economic News and Points to Ponder Late Tuesday Evening 4-9-24
Iraq Economic News and Points to Ponder Late Tuesday Evening 4-9-24
Tlm724 Administrator Bondlady’s Corner
Al-Sudani: Today We Are Moving Towards Economic Construction And Comprehensive Reform
Economy News – Baghdad Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Tuesday, that the National Service Government is moving towards economic construction and comprehensive reform.
Al-Sudani said, in a statement received by “Al-Iqtisad News”: “April of this year will return to us, and Iraq will regain its health and historical civilizational launch, and will enjoy security and stability, proceeding with development and reconstruction.
These are gains that were achieved through a long process of sacrifice, patience, and jihad against tyranny. Our people sacrificed precious lives, and caravans of martyrs were among the finest men and women.”
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He added: "The dictatorship fell after it delved into injustice and plunged the country into bloody wars and conflicts, causing isolation and hostility and sowing hatred in the region. Our people reaped death, destitution, backwardness and disease, and lost on the path to freedom an elite group of martyrs of the Islamic and national movement, whom we remember in this regard."
Iraq Economic News and Points to Ponder Late Tuesday Evening 4-9-24
Tlm724 Administrator Bondlady’s Corner
Al-Sudani: Today We Are Moving Towards Economic Construction And Comprehensive Reform
Economy News – Baghdad Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Tuesday, that the National Service Government is moving towards economic construction and comprehensive reform.
Al-Sudani said, in a statement received by “Al-Iqtisad News”: “April of this year will return to us, and Iraq will regain its health and historical civilizational launch, and will enjoy security and stability, proceeding with development and reconstruction.
These are gains that were achieved through a long process of sacrifice, patience, and jihad against tyranny. Our people sacrificed precious lives, and caravans of martyrs were among the finest men and women.”
He added: "The dictatorship fell after it delved into injustice and plunged the country into bloody wars and conflicts, causing isolation and hostility and sowing hatred in the region. Our people reaped death, destitution, backwardness and disease, and lost on the path to freedom an elite group of martyrs of the Islamic and national movement, whom we remember in this regard."
Especially today, on the anniversary of his ascension as a martyr, Grand Ayatollah Sayyed Muhammad Baqir al-Sadr, whose execution represented a disgrace to the black Baathist regime.”
The Prime Minister continued: “Our people chose their own fate after the fall of the regime, through persistence and determination, which created a bright picture for their future, resisted terrorism, wrote their permanent constitution, and elected their parliamentary representation and national governments.
Then the forces of evil returned to appear in the guise of the mythical ISIS, and the Iraqis pulled together their ranks once again.” They showed a commitment to the land and life that was rarely matched.”
He stated: “The journey of the past twenty-one years has been the best document of the cohesion of Iraqis and the confirmation of common living for all fraternal sects, and today, we are moving together, under the National Service Government, towards an advanced stage of economic construction, comprehensive reform, social and civil service, and consolidating Rights and stability are on the rise, expressing a vision developed by our government’s program, in light of the needs of citizens, their aspirations and their wishes for their country.” Views 37 04/09/2024 - https://economy-news.net/content.php?id=42331
Al-Araji: The Prime Minister's Visit To Washington Will Establish A New Era In Relations Between The Two Countries
Tuesday 09, April 2024 14:39 | Political Number of readings: 96 Baghdad / NINA / National Security Advisor Qasim Al-Araji confirmed that the visit of Prime Minister Muhammad Shia Al-Sudani to Washington will establish a new era of relations between the two countries.
The National Security Advisory stated in a statement: “Al-Araji met in his office today with the US Ambassador to Baghdad, Alina Romanowski, and the two sides discussed the latest developments in the political and security situation at the regional and international levels, and the prospects for cooperation and partnership between Iraq and the United States of America.”
During the meeting, the two sides discussed issues and files of common interest, including the Al-Hawl camp file and continued cooperation in the field of combating terrorism.
During the meeting, Al-Araji expressed his optimism about the upcoming visit of Prime Minister Muhammad Shiaa Al-Sudani to Washington, noting that the visit will establish a new era in relations between the two countries.
He pointed out that the strategic framework agreement between Iraq and the United States of America is important and comprehensive and does not concern only the security aspect, but rather includes all fields, stressing the importance of countries withdrawing their nationals from Al-Hawl camp and drying up the human, financial and media sources of terrorism.
For her part, the American Ambassador confirmed that the Prime Minister’s visit to Washington is very important and that the two countries are moving towards the bilateral security agreement, and that the committees of the two countries are continuing meetings regarding the international coalition’s mission. https://ninanews.com/Website/News/Details?key=1120309
Financial Advisor: Government Measures Put Iraq At The Forefront Of Countries In Foreign Investment
Local | 11:04 - 04/09/2024 Mawazine News – Baghdad Today, Tuesday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, revealed government measures that put Iraq at the forefront of countries with foreign investment, while noting that the development path and the Al-Faw port have strengthened the government’s vision in encouraging foreign investments.
Saleh said in a statement seen by Mawazine News: “The Iraqi economy is characterized by two basic features that help give it preference in foreign investment.
First, cash flows in foreign currency are reflected in the current account of the balance of payments relative to the gross domestic product, which is estimated by international economic and national centers at a surplus estimated at approximately ( Positive 7%) Iraq also ranks second in OPEC oil production and fifth in the world in that production.”
He added: “As for the second advantage, there is a wide range of available investment opportunities provided by transportation, digital communications, housing and construction activities, and it ends with encouraging partnership between the state and the private sector in the manufacturing industry and various technological fields, the latest of which was the Cabinet’s adoption of the facilitating instructions in its last meeting that encourages the existing partnership between...
The state and the private sector, which is based on the principle of mutual win-win and is an attractive signal for foreign direct investment,” pointing out that “the investment law frames the provision of an attractive investment environment for investors, especially the economic surplus trends of the countries of the region and their orientation towards profitable investments in Iraq in the industrial, agricultural and other fields, which...
It gives a positive signal to international investment in general to be attracted to Iraq and investigate promising opportunities there.”
He stressed that “the Development Road Project, as a development strategy that adopts the idea of development-leading projects, constituted the central call for international companies to participate, starting from the port of Al-Faw and ending with the Turkish border, for economic connection with Europe, which... This means that the state's economic vision is based on encouraging direct foreign investments in development activity in Iraq, whose natural resources are abundant in the ground.
He explained, “Iraq is ranked ninth in the world in terms of natural resources in the ground, and ranked first in reserves per square kilometer of investable natural resources such as (phosphate, sulfur, and other important reserves).
A study conducted by the FDI Intelligence website, which specializes in foreign direct investment affairs, stated that “Iraq was ranked fourth among ten countries in the latest classification, and this classification was evaluated based on several criteria, including growth in gross domestic product, the inflation rate, growth in capital spending in foreign direct investment, and the growth rate in foreign direct investment projects.”
The study indicated that “the growth rate of Iraq’s gross domestic product reached 2.9%, while the inflation rate reached 3.6%, and the growth rate in capital spending in foreign direct investment witnessed an increase of 371%, and the growth rate in foreign direct investment projects reached 95 percent.” %”, indicating that “these numbers reflect the noticeable improvement in the investment climate in Iraq and the efforts made to strengthen the economic sector and attract more foreign direct investments.”
https://www.mawazin.net/Details.aspx?jimare=245572
Sudanese Issues Several Directives To Stimulate The Activity Of The Private Banking Sector
Economy | 04/09/2024 Mawazine News – Baghdad A government source revealed, today, Tuesday, that Prime Minister Muhammad Shiaa Al-Sudani issued a set of measures and steps to revitalize the private banking sector, while directing a study of the possibility of strengthening the needs of private bank branches abroad in foreign currency.
The source told the official agency, followed by Mawazine News: “As part of the Iraqi government’s efforts to formulate a strategy that stimulates the activity of the private banking sector during the next stage, allowing it to engage more in efforts to diversify the economy and strengthen its foundations, Prime Minister Muhammad Shiaa Al-Sudani directed the adoption of a set of measures and steps.” In this regard, including: -
1 - The Ministerial Council for the Economy studies the proposal to increase deposits of government institutions and the central government with private banks, enabling them to provide more banking operations and contribute to the development of various vital sectors and increase their ability to provide various financing services inside and outside Iraq.
2- The support of the Iraqi government and the Central Bank of Iraq to private Iraqi banks through foreign institutions and banks, taking into account the credit rating of each bank.
3- Studying the possibility of strengthening the needs of private bank branches abroad in foreign currency for the purposes of financing foreign trade - the private sector and in accordance with the applicable contexts.
4- The Board of Directors of the Central Bank of Iraq determines the contribution of foreign capital to Iraqi banks and evaluates the reality of the situation in a way that benefits the Iraqi economy and in accordance with what is stated in Banking Law No. 94 of 2004.
5- Participation of representatives of the private banking sector when discussing relevant issues in all state institutions. Including meetings of the Board of Directors of the Central Bank of Iraq.
6- Studying the reactivation of the financing initiative presented by the Central Bank of Iraq and in accordance with the contexts proposed by the Central Bank in this regard.
7- The Competition Affairs and Monopoly Prevention Council shall take the necessary measures under Law No. 14 of 2010 to prevent monopoly in banking services, provided that the Council shall submit reports to the Central Bank of Iraq and in coordination with it periodically and in accordance with the aforementioned law. https://www.mawazin.net/Details.aspx?jimare=245580
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
Provoking Points To Ponder On Failures and Mistakes
I try to extract something positive from [every] situation, even if it's just learning not to make the same mistake twice.- Claudia Schiffer
He who is shipwrecked twice is foolish to blame the sea.- Publilius Syrus
He who is shipwrecked the second time cannot lay the blame on Neptune.- English proverb
He that's cheated twice by the same man is an accomplice with the cheater.- Thomas Fuller
If you would not have affliction visit you twice, listen at once to what it teaches.- James Burgh
You can beat the Bear once, but never the same way twice.- John McKay
Any man can make mistakes, but only an idiot persists in his error.- Cicero
http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html