"Sudani Visits the US" News Posted by Clare at KTFA 4-15-2024

KTFA:

Clare:  Iraq Prime Minister motorcades into Washington DC for a meeting with Biden

"the list of the delegation accompanying the Sudanese, which consists of about 130 figures."

LINK

https://youtu.be/o2MqCFLtUEY

Clare:  His advisor: Sudanese attention will focus on the economy during his meeting with the American President

4/15/2024  Baghdad

 The financial advisor to the Iraqi Prime Minister, Mazhar Muhammad Saleh, confirmed that Iraq is linked with the United States through cohesive ties and foundations, the principles of which were outlined in the strategic framework agreement signed between the two countries in 2008 and ratified by the Iraqi Parliament.

Saleh stated, in an interview followed by Mawazine News, that attention will be focused on providing a climate of promising opportunities through which major companies in the United States can contribute to major strategic development projects in Iraq, whether in the path of development or otherwise, especially in the fields of renewable energy, gas, and technology. Digital and basic federal projects in the areas of transportation, communications, agriculture, investment in natural resources and important aspects of the manufacturing industry.

According to the advisor, this is in addition to benefiting from higher education opportunities, obtaining academic seats in American universities, and accepting scholarships in fields that serve development and economic progress in Iraq.

He explained that what we see today of “positive developments” in the relationship between Iraq and the United States “will turn the page on the past and open a page based on direct economic relations and productive investment opportunities, with a first priority that precedes other priorities, including the establishment of solid banking relations between the two countries that will help them grow and prosper.” The current banking reform policy in our country will contribute to adding an element of strength to the financing relations between the two friendly countries.

Thus, Counselor Saleh believes that the economic aspect (investment, development, and financing) “will be activated for the first time in this broad form of the strategic framework agreement in order to be consistent with the data and principles of the program.” government in a way that serves the interest of stability and economic prosperity in Iraq.”   LINK

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Clarae:  Al-Sudani begins his visit to Washington by meeting with the Iraqi community: Your country is different today

4/15/2024

Prime Minister Muhammad Shiaa Al-Sudani began his official visit to the United States, by meeting with the Iraqi community in Washington and other American states, on Monday. While he pointed out that the relationship with Iran and America is an advantage for Iraq that can be used to reduce tension, he stressed that “Iraq today Different from before."

Al-Sudani announced, during his speech to the Iraqi community, the work on a study to establish a department for expatriate affairs, in order to achieve effective communication with Iraqi communities in the world, pointing out that the government is looking for competencies away from quotas.

He said that his visit to the United States is important. To clarify his government's vision about the shape of the relationship with America, stressing that "Iraq today is different from what it was in 2014, because ISIS no longer poses a threat to Iraq... Iraq today is witnessing unprecedented recovery, stability, security, real development, and tangible services in all parts of the country."

Al-Sudani continued: “We want to move to bilateral relations with the countries of the international coalition after the victory over ISIS, similar to the countries of the region, including security relations. The first meeting of the founding committee stipulated in the framework agreement will be held, and there will be periodic meetings of this committee.”

Regarding the tensions in the region, the Prime Minister pointed out that “Iran is a neighboring country with which we have common interests, and America is a strategic ally and our relationship with it is important,” explaining that “the relationship with Iran and the United States is an advantage for Iraq, and can be used to reduce tension, and this is what happened in every situation.” crises in the region.  LINK

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Clare:  Expert: The Sudanese visit will activate 11 items in the strategic framework agreement, one of which is security

4/14/2024

The security expert, Sarmad Al-Bayati, suggested activating 11 items in the strategic framework agreement during the visit of Prime Minister Muhammad Shiaa Al-Sudani to Washington.

Al-Bayati said: For the program {Free Speech} broadcast by Al-Furat satellite channel this evening, it was stated that: “The visit has been planned for a long time and within Al-Sudani’s statement that Iraq wants the United States as a strategic partner free of wishes. The main purpose of the visit is to activate the strategic framework agreement, which includes 11 sections of... "Including the security item." 

He added, "Al-Sudani will meet with the US President, the Secretary of State, the National Security Advisor, the US Treasury Undersecretary, and others during the visit, and will sign new partnerships and contracts with American companies, including those specializing in energy."

Al-Bayati continued, "As for the security aspect, America will be the mediator by importing weapons from foreign companies to preserve Iraqi money, and the government is determined to end the military presence on Iraqi territory."

He added, "We have high-frequency radars, and France was contracted to import low-frequency radars. America did not force Iraq to buy weapons, but the defect in air defenses, as well as the danger of the terrorist ISIS, still exists in remote extremist areas."

Al-Bayati concluded by saying, "The Western countries proposed to Iraq the activation of the railway between Basra and Mosul to transport goods to Europe, and Turkey is moving forward to participate in the path of development, and internal problems have hindered the activation of many agreements."

Wafaa Al-Fatlawi    LINK

Clare:  Al-Sudani from Washington: The development road and Al-Faw port projects will create a new Iraq

4/15/2024   Baghdad

Prime Minister Muhammad Shiaa Al-Sudani announced today, Monday, work on a study to establish a department for expatriate affairs. While he indicated that the signing of contracts with Total, the fifth round, and the national effort will enable Iraq to achieve gas self-sufficiency, he stressed that the Development Road and Al-Faw Port projects will create a new Iraq.

The Prime Minister's Media Office stated, in a statement received by Al-Iqtisad News, that "Al-Sudani met with the Iraqi community in Washington and other American states, on the sidelines of his official visit to the United States of America."

He continued, "The Prime Minister expressed his pride and appreciation for the Iraqi communities in the United States and the rest of the world," stressing that "Iraq is for all Iraqis, and the country needs the expertise, experiences, opportunities, and initiatives of Iraqi figures in America."

He pointed out, "Working on a study to establish a department for expatriate affairs, in order to achieve effective communication with Iraqi communities in the world, as the government is looking for competencies away from quotas." 

He added, "Our visit to the United States is important to clarify our vision about the shape of the relationship with America," noting that "America granted Iraq preferences in customs exemption and a memorandum was signed with financing institutions worth 5 billion dollars, all of which are not activated within the strategic framework agreement."

He explained, "Iraq today is different from what it was in 2014, because ISIS no longer poses a threat to Iraq," pointing out that "we want to move to bilateral relations with the countries of the international coalition after the victory over ISIS, similar to the countries of the region, including security relations." .

He stated that "the first meeting of the founding committee stipulated in the framework agreement will be held, and there will be periodic meetings of this committee," stressing that "Iraq is witnessing today an unprecedented recovery, stability, security, real development, and tangible services in all parts of Iraq."

The Prime Minister stated, "The government's first step was to reform oversight institutions, and our measures in combating corruption are professional and not vindictive, as we recovered a lot of money and those wanted in corruption cases who hold other nationalities, and some of the wanted persons voluntarily surrendered themselves to the judiciary."

He pointed out, "The signing of contracts with Total, the fifth round, and the national effort will enable Iraq to achieve gas self-sufficiency within 3-5 years, in addition to starting projects related to refineries," explaining that "2024 will be the last year for importing oil derivatives."

He noted, "Iran is a neighboring country with which we have common interests, and America is a strategic ally and our relationship with it is important, as the relationship with Iran and the United States is an advantage for Iraq, and can be used to reduce tension, and this is what happened in all crises in the region."

He pointed out, "The US Treasury recorded observations on the work of banks in previous years, and not during the current government that adopted the electronic platform."

He pointed out, “The industrial and agricultural sectors were activated, and idle factories were operated, such as fertilizer, iron and steel production factories,” stressing that “the basis of economic advancement is the belief in the role of the private sector, which was supported by the government.”

He stated that "the development road and Al-Faw port projects will create a new Iraq," pointing out that "the development road is the least expensive and fastest project for transporting goods, and its first principles will be signed during the Turkish president's visit soon."   LINK

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Clare:  Kurdish MP: Sudanese success in the dollar crisis is the most important step in his visit to Washington

4/15/2024   Sulaymaniyah

Today, Monday (April 15, 2024), the representative of the Patriotic Union of Kurdistan, Iman Abdel Razzaq, considered that the success of Prime Minister Muhammad Shiaa Al-Sudani in addressing the dollar crisis is the most important step if completed with his visit to Washington.

Abdel Razzaq said in an interview with “Baghdad Today” that “the Sudanese’s success in this file, lifting the ban on Iraqi banks, and pumping the dollar naturally is the most important success for the Sudanese government if it is fully achieved.”

She added, "The citizen suffered from the dollar crisis, exhausted his pocket, and raised market prices. Therefore, the Sudanese's success in addressing it will be important, and we believe that the visit will be able to address the crisis in agreement with US President Joe Biden."

Officials from the Central Bank of Iraq, led by the Governor of the Bank, Ali Al-Alaq, are among the delegation accompanying the Sudanese on his visit to Washington, while the issue of lifting the ban on some banks prohibited from dealing in dollars in Iraq is on the agenda of the Sudanese visit.   LINK

CclareL Al-Sudani: We are working to move from the military relationship to a full partnership.. And Biden: We are committed to the interests of Iraq

4/15/2024

 Prime Minister Muhammad Shiaa Al-Sudani met with US President Joseph Biden at the White House in Washington, DC

Al-Sudani said during the meeting:

We are working to move from a military relationship to a full partnership with the United States
. Our visit to Washington comes at a sensitive and delicate time

Our visit to Washington is important in the history of the relationship between the two countries

The war on ISIS was the basis of cooperation between Iraq and the United States

Victory over the terrorist ISIS is important and was achieved through the sacrifices of Iraqis and the support of friends

- Iraq is in the process of recovery and is witnessing development in service projects

-We will discuss sustainable partnership on the basis of the Strategic Framework Agreement

-We will adhere to the outcomes of the Supreme Coordination Committee between Iraq and the United States

My government is serious about implementing this agreement

My presence in Washington brings with it the desire to improve the situation in Iraq and provide services

We are committed to various issues, especially what is happening in the region

-We agree on the principles of international law

We reject any attack on civilians, especially children and women

We care very much about stopping the devastating war in Gaza

We hope that all parties concerned will exercise restraint

- We are committed to protecting diplomatic missions

-: We want to stop the expansion of the conflict in the region

We are working to move from a military relationship to a full partnership with the United States

US President Joe Biden said:

We are determined to avoid the expansion of the conflict in the Middle East

We are committed to protecting the interests of America and its partners in the region, including Iraq   LINK

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Clare:  Full details of the Sudanese and Biden meeting at the White House - urgent

4/15/2024   Baghdad

Prime Minister Muhammad Shiaa Al-Sudani met this Monday evening (April 15, 2024) with US President Joseph Biden at the White House in Washington, DC.

Al-Sudani said during the meeting, "We are working to move from the military relationship to a full partnership with the United States."

Al-Sudani added, "Our visit to America comes at a sensitive time and shows the importance of relations between the two countries."

The Sudanese addressed Biden by saying: “We will transfer the military relationship to a comprehensive partnership with you, and my visit confirms the importance of the relationship.”

He stated, "Our visit to Washington comes at a sensitive and delicate time," adding, "Our visit to Washington is important in the history of the relationship between the two countries."

Al-Sudani noted, “The war against ISIS was the basis of cooperation between the two countries.”

For his part, Biden said that the United States is "committed to protecting the interests of America and its partners in the region, including Iraq."

He added, "We are determined to avoid the expansion of the conflict in the Middle East."   LINK

Iraq Economic News and Points to Ponder Late Sunday Evening 4-14-24

Iraq Economic News and Points to Ponder Late Sunday Evening 4-14-24

Tlm724 Administrator Bondlady’s Corner

Expert: The Central Bank Is An Obstacle To Sudanese Economic Directives

Economy | 04/13/2024  Mawazine News – Baghdad  The economic expert, Mustafa Akram Hantoush, confirmed today, Wednesday, that the Central Bank of Iraq is an obstacle due to its delay in implementing the economic directives of Prime Minister Muhammad Shiaa Al-Sudani.

Hantoush told Mawazine News, “The Central Bank is standing in the way due to its delay in implementing the Prime Minister’s directives to launch the initiative for loans for small, medium and large projects, as well as residential ones.”

He added, "The current central bank policy will contribute to delaying the wheel of development by leaving the national banking sector and allowing foreign banks to enter the Iraqi market."

He pointed out that "Iraqi law sets the percentage of foreign ownership at 49%, while today we see many banks owned by foreigners at rates of more than 50%, which is against the law."

https://www.mawazin.net/Details.aspx?jimare=245812

Monopoly In Banking Services 

 Economy News – Baghdad  Yasser Al-Metwally   In a remarkable step, there is a reading in the recent directives of the Prime Minister regarding stimulating the activity of the private banking sector, as an important paragraph indicated that the Council for Competition and Monopoly Affairs was authorized to take the necessary measures to prevent monopoly in banking services, and this is the paragraph that I stopped at and pondered a lot...

The title was striking and an unprecedented step that, if successful, will create a qualitative leap in the performance of the private banking sector and push it to return to practicing its basic activity of providing credit and loans aimed at achieving the required economic development.

I am certain that one of the most prominent reasons for the decline in the performance of the banking sector is its duties assigned to it by the Banking Law, which is the practice of the activity of banking services and products, such as deposits, credit, and lending, given that deposits are the basis of banking activity, but the government banking sector’s monopoly on banking services and the deprivation of private banks has created an imbalance in the performance of private banks. .

Among these services are government deposits, restricting them to government banks, and depriving private banks of benefiting from them in order to invest them in serving borrowers, which has limited them, and I mean private banks, to rely entirely on the currency window to conduct banking affairs.

Thus, these procedures contributed to neutralizing private banks from performing their development role and pushing them to deviate from their banking duties, and this language is understood by specialists.

If the Competition Affairs Council succeeds in this mission, the directives will bear fruit and achieve their goals.

This is at the level of government monopoly on banking services and its restriction to public (governmental) banks.

To be fair, a new phenomenon of monopoly in banking services has recently emerged, which is summed up by the reliance of a limited number of private banks on dealing in dollars, and this is what was imposed by the circumstances of collective sanctions on many private banks.

Here, the Competition Commission must take this aspect of monopoly seriously and search for means to dismantle this type of monopoly by some private banks, especially those with external partnerships. Note that I am not against participation and I do not target these banks,

but to be fair I say that it is unfair for banks participating with foreign countries, regardless of their nationality, to enjoy state funds and to deprive a number of steadfast Iraqi local banks that received a strong blow with penalties for various reasons, most of which are violations. Call them whatever you want and it is possible to address their deprivation. of dealing in dollars and affected its performance.

We hope that this phenomenon will be studied and fair measures will be taken so that banks are equal in their tasks and duties, that there will be no monopoly on banking services, and that an integrated and competitive banking market will be achieved at the same time.

Views 55 04/14/2024 - https://economy-news.net/content.php?id=42441

The General Authority Of The National Bank Of Iraq Announces An Increase In Its Capital To 400 Billion Dinars And The Distribution Of Cash Dividends At A Rate Of (20%)

Economy News – Baghdad  The General Authority of the National Bank of Iraq announced the approval of the Board of Directors’ recommendation to increase the bank’s capital from 300 billion Iraqi dinars to 400 billion dinars through the balance of retained earnings and distributing them as free shares to shareholders and working to amend Clause Five of the bank’s articles of incorporation, praising the policies and instructions of the Central Bank of Iraq.

Which was distinguished by its “flexibility and rapid response” to economic and political changes, while pointing out the completion of all technical requirements for launching the Swiss T24 system and preparing for the adoption of the anti-money laundering system “IML Sirion”.

The bank said in a statement received by Al-Eqtisad News that the general assembly of the bank approved, during its annual meeting, the distribution of cash dividends to shareholders at a rate of (20%) of the bank’s capital, in addition to the Board of Directors’ report and the financial statements of the National Bank of Iraq for the year 2023 and its future plans, especially those related to Financing the opening of 7 branches of the bank during the current year 2024 from retained earnings.

The Chairman of the Bank’s Board of Directors, Bassem Khalil Al-Salem, explained that “the Central Bank of Iraq’s monetary policies and banking instructions during the year 2023 were characterized by flexibility and rapid response to economic and political changes, which contributed to preserving the pillars of monetary stability and supporting exchange rate stability, which strengthened the role of the Iraqi banking sector and maintained... “Its durability, protected the rights of depositors and shareholders, and increased their confidence in the sector.”

Al-Salem pointed out that, “by the end of the year 2023, the National Bank of Iraq achieved distinguished financial performance, after recording net profits after tax of 190 billion Iraqi dinars, compared to 27.5 billion Iraqi dinars during the year 2022, and net interest income increased from 67.6 billion Iraqi dinars.”

To 99.8 billion Iraqi dinars, with a growth rate of 46%, and total income increased from 108.1 billion Iraqi dinars to 343.1 billion Iraqi dinars, with a growth rate of 217%,”

explaining that “these results reflect the effectiveness of the bank’s business strategy, which focuses on basic banking services, the most important of which are bank loans.” For individuals, large, medium and small companies and trade finance services for large companies.”

According to Al-Salem, “The volume of customer deposits increased from 1.5 trillion Iraqi dinars in the year 2022 to 2.9 trillion Iraqi dinars in the year 2023, with a growth rate of 90%, and the total direct credit facilities also increased from 951 billion Iraqi dinars to 1.3 trillion Iraqi dinars, with a growth rate of 38%.” %,” indicating that “this growth came as a result of the expansion of loans granted to the category of employees whose salaries were localized with the bank, in addition to small, medium and large companies.”

Al-Salem pointed out that “the growth of various financial indicators contributed to an increase in the bank’s assets by 65% ​​to reach about 3.9 trillion Iraqi dinars, the highest in the bank’s history,” pointing out that this increase reflects the growth in the volume of banking business, the increase in the bank’s market share, and the strengthening of its ability to provide banking services to its customers.

For his part, the authorized director of the National Bank of Iraq, Ayman Abu Dhaim, said, “The growth in the bank’s business also included a noticeable expansion in its customer base, which reached 210,000 customers in the year 2023, compared to 57,000 customers in the year 2022,” indicating “the expansion as well.” In the ATM network, adding 50 new machines around Iraq, bringing the total number to 190 machines.

Regarding geographical expansion, Abu Dhaim explained, “The bank opened 5 new branches in the year 2023, bringing the total to 31 branches, including one branch in the Kingdom of Saudi Arabia, which provided great added value to Saudi and Iraqi companies by facilitating sending and receiving internal transfers.” Foreign affairs, granting credit facilities, and providing trade financing services.

Abu Dhaim stated, “The National Bank of Iraq opened a number of advanced centers for counting and sorting cash, and a section dedicated to external transfers to ensure the provision of distinguished service to the bank’s customers from large, medium and small companies,” explaining that the bank offers a variety of new products that meet the needs of its customers and enhance their banking experience.

 In addition to providing custodian services, after obtaining official approvals from both the Securities Commission and the Iraqi Stock Exchange, this service aims to protect Iraqi and foreign investors and provide them with all investment services.

At the level of international cooperation, Abu Dhaim pointed out that “the National Bank of Iraq opened a new account with JPMorgan and increased financial transactions with Citibank, in addition to signing a financing agreement with the US International Finance and Development Corporation (DFC),”

pointing to “a commitment The bank is keeping pace with the latest technological developments and enhancing information security and the efficiency of banking services, as it worked to complete all the technical requirements to launch the T24 banking system, the best and most modern in the world from the Swiss company Temenos, which was launched at the beginning of 2024.

We also made technical preparations to launch a new anti-money laundering management system (AML). Sirion".

Abu Dhaim stated, “The Iraqi National Installment Company began its work during the year 2023, as it provides car selling services in installments to customers whose salaries have been settled with the National Bank of Iraq.”

Regarding the bank’s future plans, Abu Dhaim confirmed that “the bank will continue to expand its branch network, which will be increased by 7 branches to reach 38 branches by the end of 2024. The ATM network will also be expanded and increased to reach 400 tellers, in addition to focusing on developing and marketing services.

” Electronic banking, increasing the bank’s share in financing trade for large companies, expanding the salary localization project and financing small and medium-sized companies, in addition to expanding the attraction of deposits from individuals, companies, and official government institutions, armed with the confidence the bank has gained in the banking sector supported by its financial results and advanced services.”   Views 137 04/14/2024 - https://economy-news.net/content.php?id=42437

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

Provoking Points To Ponder On Failures and Mistakes

We learn courageous action by going forward whenever fear urges us back. A little boy was asked how he learned to skate. "By getting up every time I fell down," he answered.- David Seabury

If I had to live my life over again, I'd dare to make more mistakes next time.- Nadine Stair

Failure is only postponed success as long as courage 'coaches' ambition. The habit of persistence is the habit of victory.- Herbert Kaufman

Entrepreneurs average 3.8 failures before final success. What sets the successful ones apart is their amazing persistence. There are a lot of people out there with good and marketable ideas, but pure entrepreneurial types almost never accept defeat.- Lisa M. Amos

Success is going from failure to failure without loss of enthusiasm.- Winston Churchill

I don't accept defeat as final. Only death is final - and even then I hope for a reprieve.- Phil Gramm

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

http://famousquotesandauthors.com/quotes_by_topic.html

"Tidbits From TNT" Monday Morning 4-15-2024

TNT:

Tishwash:  With the participation of 100 companies from 13 countries...the oil, gas and energy exhibition activities will start tom

 The activities of the Oil, Gas and Energy Exhibition will be launched in Basra Governorate tomorrow, Tuesday, sponsored by the Ministry of Oil and with the participation of 100 companies.

Basra International Exhibition Media and Relations Officer, Osama Majeed, told the National Iraqi News Agency ( NINA ) that all preparations for the opening of the Iraq Oil, Gas, Energy and Oil Equipment Exhibition, scheduled to be held for the period from 16 to 19 of this month, have ended. On the grounds of the Basra International Fair next Tuesday at 11 am.

He added, "There are more than 100 local, Arab and international companies from 13 countries, including Iraq, Switzerland, the United States, China, Saudi Arabia, Turkey, Iran, France, Japan, Britain, Egypt, and the Emirates, with various specializations in oil and energy industry technology. They will participate in the exhibition."

Majeed pointed out that The exhibition will be open to visitors from eleven in the morning until five in the evening.  link

Tishwash:  Iraq and 13 Arab countries possess about 1,500 tons of global gold reserves

The World Gold Council revealed on Monday that Iraq and 13 Arab countries possess approximately 1,500 tons of global yellow metal reserves.

The Council said in its latest schedule for the month of April, which Al-Iqtisad News reviewed, that “Iraq, Algeria, Egypt, Lebanon, Saudi Arabia, Libya, Qatar, Kuwait, Jordan, Syria, Morocco, Tunisia, Bahrain, and Yemen, their global reserves of gold amounted to one million and 481 thousand kilograms.”

He added, "Iraq maintained its ranking of 30th globally out of the 100 countries listed in the table with the largest gold reserves, as its gold possessions amounted to 142.6 tons, which represents 8.4% of the rest of its other reserves."

He pointed out that "the United States of America tops the list with the largest possession of gold in the world with 8,133.5 tons, followed by Germany with 3,352.3 tons, then Italy with 2,451.8 tons, while Yemen ranked 99th with 1.5 tons, followed by Bosnia and Herzegovina with the same amount of 1.5 tons."

The Council stated that “Iraq announced on June 27, 2022, the purchase of new quantities of gold amounting to approximately 34 tons, an increase of 35% over what it had in possession, while in May it announced the purchase of 2.3 tons of gold.”

It is noteworthy that the World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest gold mining companies in the world.   link

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Tishwash:  Al-Sudani speaks to the community in Washington about Iraq's recovery and the government's achievements  

Today, Monday, Prime Minister Muhammad Shiaa Al-Sudani met with the Iraqi community in Washington and other American states, and spoke about the government’s achievements in reforming institutions. He also stressed Iraq’s need for the expertise of its people abroad.

Al-Sudani’s office statement:

The Prime Minister, Mr. Muhammad Shiaa Al-Sudani, met with the Iraqi community in Washington and other American states, on the sidelines of his official visit to the United States of America.

His Excellency expressed his pride and appreciation for the Iraqi communities in the United States and the rest of the world, and stressed that Iraq is for all Iraqis, and the country needs the expertise, experiences, opportunities, and initiatives of Iraqi figures in America.

Mr. Al-Sudani announced work on a study to establish a department for expatriate affairs. In order to achieve effective communication with Iraqi communities in the world, the government is looking for competencies away from quotas.

The following are the highlights of what the Prime Minister spoke during his meeting with the Iraqi community in the United States of America:

Our visit to the United States is important; To clarify our vision about the shape of the relationship with America.

America granted Iraq preferences in customs exemptions, and a memorandum was signed with financing institutions worth $5 billion, all of which is not activated within the strategic framework agreement.

Iraq today is different from what it was in 2014. Because ISIS no longer poses a threat to Iraq.

We want to move to bilateral relations with the countries of the international coalition after the victory over ISIS, similar to the countries of the region, including security relations.

The first meeting of the founding committee stipulated in the framework agreement will be held, and there will be periodic meetings of this committee.

Iraq today is witnessing unprecedented recovery, stability, security, real development, and tangible services throughout Iraq.

The government's first step was to reform regulatory institutions, and our anti-corruption measures are professional and not vindictive.

We recovered a lot of money from people wanted in corruption cases who held other nationalities, and some of the wanted persons voluntarily surrendered themselves to the judiciary.

Signing contracts with Total, the fifth round, and the national effort will enable Iraq to achieve gas self-sufficiency within 3-5 years.

We have started with projects related to refineries, and 2024 will be the last year for importing petroleum derivatives.

Iran is a neighboring country with which we have common interests, and America is a strategic ally and our relationship with it is important.

The relationship with Iran and the United States is an advantage for Iraq, and can be used to reduce tension, and this is what happened in all crises in the region.

The US Treasury recorded observations on the work of banks in previous years, and not during the current government that adopted the electronic platform.

We activated the industrial and agricultural sectors, and idle factories were restarted, such as fertilizer, iron and steel production plants.

The basis of economic advancement is the belief in the role of the private sector, which has been supported by the government.

The development road and Al-Faw port projects will create a new Iraq.

The development road is the least expensive and fastest project for transporting goods, and its first principles will be signed during the Turkish President’s visit soon. link

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CandyKisses:  The Sudanese opens the agendas of his files in front of Biden Most notably, the American presence and the tension in the region

Mawazine News-Baghdad

Meets Prime Minister Mohammed Shia Al-Sudani in the evening On Monday at the White House, US President Joe Biden, as the two sides discuss files Vital issues dealing with various economic, political and security fields and ways to activate Vital sectors of the strategic framework agreement signed between the two countries.
Ahead of his meeting with Biden, he will meet with the Sudanese minister. US State Department Antony Blinken, and after the conclusion of the White House meeting, the head of the Ministers and the accompanying Iraqi delegation to the Pentagon building and the Ministry of Defense where he meets with Secretary of Defense Louis Austin, and then holds an expanded meeting with U.S. Undersecretary of the Treasury Wali Adimo in the presence of Finance Minister Taif Sami and Governor Central Bank of Iraq Ali Al-Alaq.

The Prime Minister met on Sunday evening, in The second day of his official visit to Washington, the White House coordinator for the Middle East and Amos Hochstein's energy adviser.
The Sudanese also met yesterday evening, a group of sons of The Iraqi community residing in the United States of America in the presence of the Ministers of Planning Oil and a number of MPs are part of the delegation visiting Washington and the Iraqi ambassador to America Nizar Good God.

In addition, the Investment and Development Committee announced Parliamentary, on Sunday, there is parliamentary support for the Prime Minister's steps to activate the terms of the agreement Strategic framework, indicating that activating the terms of the agreement will advance the country's economic reality And commercial, investment and health.

A member of the committee, Osama al-Badri, said that "The visit of Prime Minister Mohamed Shia Al-Sudani to Washington is very important to activate the terms of Strategic Framework Agreement, which includes the commercial and economic sectors investment, health, educational, agricultural and cultural to advance the reality of the country to the best,"

He said, expressing his hope that "this agreement will be done in the right way from before the Iraqi and American sides." He pointed to "the importance of supporting the bloc Political participation in the Government for the Prime Minister's steps in supporting the implementation of the Convention, and that It gives it a lot of space and enough space to proceed with this agreement," he explained. "The representatives representing the Iraqi people support the activation of the provisions of this agreement, which will be in the interest of the Iraqi people."

Prime Minister Mohamed Shia al-Sudani, confirmed on Saturday, before leaving Baghdad for the United States of America, "The aim of the visit to Washington is to take the relationship between the two countries to a new stage and activating the Strategic Framework Agreement," pointing out that "the Framework Agreement The strategy is in line with the government program and the reforms it contains. economical."

 He noted that "The visit will witness the first meeting of the Joint Coordinating Committee on the implementation of Strategic Framework Agreement, which has not held any meeting since the adoption of the agreement", He pointed out that "the meeting of the Coordinating Committee will deal with trade and energy files. investment, education, transport, culture, anti-corruption and asset recovery."

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CandyKisses:  Al-Karawi: The resistance will not stand idly by if Bidens refuses to remove his forces from Iraq

Information / Baghdad...

The head of the coordinating body of the popular movement for the Belt and Road, Hussein Al-Karawi, said on Monday that the Islamic resistance in Iraq will not remain idle if Biden rejects the decision of the Iraqis to leave the country.

Al-Karawi told Al-Maalouma that "the Islamic resistance in Iraq will return to its qualitative operations against the American occupier and target its military bases that it controls if the Biden administration refuses to remove its forces from Iraq."

He added that "the visit of Prime Minister Mohammed Shia al-Sudani to Washington is a pivotal visit, which will decide the fate of the presence of foreign forces in Iraq."

Al-Sudani called for "having courage and resolving the issue of the exit of US forces from Iraq during his visit to Washington, and informing the US administration of the response of the resistance in the event of its rejection of the people's decision to remove the occupier from the country, especially since the resistance will not remain idle in front of the US military presence."

Prime Minister Mohammed Shia al-Sudani left yesterday for Washington, to discuss a number of issues, including the removal of foreign forces from Iraq and the liberation of Iraqi funds from the US Federal Bank.

Mot ..... WHAT!!!???  Monday Morning

Mot: ... I Wish I Was a Kid again ~~~~~

Goldilocks' Comments and Global Economic News Sunday Evening 4-14-24

Goldilocks' Comments and Global Economic News Sunday Evening 4-14-24

Good evening Dinar Recaps,

Yesterday – Isreal    2 m ago   15:32   Shortly before news that Iran had started firing drones at Israel, a short video speech by Benjamin Netanyahu was posted on his X handle. There, the prime minister said Israel had been preparing for years for a possible direct attack by Iran and its defense systems were deployed and prepare for any scenario. Here’s a link to that video and the official translation that accompanied it. Bloomberg
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Yesterday – Isreal   Israel war updates: Iran launches drones at Israel as tensions soar.  Iranian forces seize ship with ties to Israel in Strait of Hormuz amid escalating tension. | USA Today

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BREAKING: Iran Launches Strikes On Israel (Brace For Surging Oil!) | Youtube

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Thus, nations that are actively at war experience a higher level of currency volatility compared to those not engaged in conflict.  How global events affect the forex market. | Investopedia

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You have heard me say it before. Currency values have been known to change during wartime throughout history. Is history about to repeat itself? We are about to find out.

© Goldilocks

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Gold & silver breaking out! | Youtube

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"Focused on economic reforms. Sudanese: The goal of our visit to Washington is to activate the strategic framework agreement" | Search 4 Dinar | US Embassy

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"'China is about to start bidding' — Will Hong Kong Bitcoin ETFs spark the halving rally?"

The approval of Hong Kong's spot Bitcoin ETF this week is expected to be a catalyst for Bitcoin adoption and a huge driver of Bitcoin's price going forward.

This week is the Bitcoin halving. It will cut the supply of this cryptocurrency in half creating a scarcity effect making this asset "Digital Gold."

When the price of Bitcoin goes up, it is long been known that the rest of the cryptocurrencies on the market begin to rise along with it.

Hong Kong is expected to approve both Bitcoin ETF and Ether ETF on April 15th, 2024. This is tomorrow.

The ability to move money from the East to the West digitally at prices raising to their real values backed by gold and other commodities inside these tokenized assets is about to change the business world forever.

This is a historical event of unlimited magnitudes making its way into our banking system and trading system. It will change the way we do business and our way of living in countless ways.

The transition of our new Financial System in terms of International status and ability to move money is about to make history.

From Wall Street to the Shanghai Exchange, the new Digital Asset Based Trading System is creating a foundation for a new digital economy.  Coin Telegraph   CNBC

Buckle up, the plane in the world of Global Digital Financing is about to take off.

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

© Goldilocks
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"Shanghai exchange sets trading limits on gold, copper futures as prices rally"

This past week, there was a huge rally in Gold and Copper. It was so great that limits had to be applied on its growth potential in the Future's Market.

Also, limits were placed on the Oil Market as well during this process. The Energy Transition is expected to be volatile, and trading limits such as these are temporarily applied to keep speculators from taking advantage of spot prices that can influence the price on the movement in these assets slowing the process down.

This tells us that the Banking, Markets, and Commodity sectors of the Market are preparing for our Energy Transition with actual steps showing us their intention for its fulfillment.

These new critical measures will create new paths and new price pressures on the Commodity Markets. Their price controls will enable a reset in the Bull run of our Metal Markets to take place efficiently and effectively.

This is a good indicator that our transition from the Stock Market to the Commodity Market is about to commence.  Economic Times

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

© Goldilocks

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There are three sectors of the Market I have been watching on the US Debt Clock: oil, gold, and silver.

The "oil to solar" power has been filled in at this time. You just can't make these coincidences up.  US Debt Clock

© Goldilocks
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The current growth wave can be broken down into two drivers. The first is the demand for Bitcoin and Ethereum. | FX Empire

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Ripple vs SEC: Parties File Joint Sealing Proposal | CNN

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Commercial Real Estate loans amount to about $5 trillion. Not all CRE sectors are in trouble. At one end of the spectrum: Industrial is still in good shape. At the other end of the spectrum: office is in terrible shape. Somewhere in the middle: There have been some big defaults in multifamily, but the sector is in much better shape than office.  |  WolfStreet
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MARKETS A LOOK AHEAD: NOW... EXPECT A DIRECT "ATTACK" (FF) ON THE US. Mannarino | Youtube

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We have a number of potential catalysts this week to shake up the markets.

© Goldilocks

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The Central Bank of Iraq decided to approve a request to extend the deadline for receiving requests from brokerage companies to buy and sell foreign currencies of category ( C ) through the merger. | CBI
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From Gold or Copper, Commodities Are 'Best Play' Amid Huge Gains | Business Insider

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Amazon Pay plans to offer credit on UPI  |  Financial Express

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America’s Bonds Are Getting Harder to Sell - WSJ

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Zimbabwe new currency faces odds amid economic woes - The East African

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US consumer sentiment declines in April, inflation expectations rise | Business Standard

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The London Metal Exchange banned deliveries of any Russian supplies of aluminum, copper and nickel.

Many are underestimating the implications of this.

Russia represents:

- 6% of global nickel supply
- 5% of aluminum
- 4% of copper

The metals world is changing.

Read: https://x.com/goldtelegraph_/status/1779592521011839080?s=46

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Russia holds the second largest mine gold reserves worldwide.  | Statista
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It Happens In 5 days...  |  Youtube

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Anyone who does not believe that cryptocurrency has anything to do with the new Digital Banking System is in the Dark Ages.

After next week, we are going to see massive adoption of Bitcoin ETF and Ethereum ETF beyond just the United States of America Markets.

The new drivers of the new economy are Bitcoin and Ethereum at this point, this does not mean they will hold that position over time. It just means they are the first movers.

The liquidity that is about to come in the cryptocurrency market through this Bitcoin halving cannot be understated.

We are witnessing our bridge into the new Digital Banking System. As I have stated before, this is the first RV we are currently and still moving into at this point. This is Phase 1.

Phase 2 will encompass many changes to the Gold and Silver Markets going forward that will support and back our second RV. Our paper currency.

Credit Valuation Adjustments will be taking place on every level of our new Financial System going forward.

Remember, the new Financial system has many layers to it. Each layer stacks one on top of the other to support each other. The moment of truth is here. As one Financial System falls, the building blocks to the new Digital Economy are about to be tested.

This Bitcoin halving will make this asset scarce. The week ahead of us will have many volatile moments in digital assets ending in the culminating event of a halving for Bitcoin. You will hear many people refer to this week's events of turning our Digital Economy into Digital Gold.

© Goldilocks

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"Tidbits From TNT" Sunday 4-14-2024

TNT:

Tishwash:  Abdel Wahed: The Sudanese visit to Washington is important and will restore stability to the dinar price

The head of the New Generation Parliamentary Bloc, Sarwa Id al-Wahid, said today, Sunday, that the visit currently being made by Prime Minister Muhammad Shia al-Sudani to the American capital, Washington, came at an important time, expecting that it will bring about a “new phase” in bilateral relations.

Abdul Wahed said in a blog post seen by Mail, “The Prime Minister’s visit to the United States of America comes at an important time, and will be a transition towards a new phase of relations, especially since the visit is evidence of the Iraqi desire to build a sustainable strategic partnership based on mutual respect.” .

She added, "The files that will be discussed, whether economic, security, or political, must certainly benefit Iraq and have a role in the recovery of the economy and the return of stability to the dinar price   link

CandyKisses:  Sudanese arrives in Washington

Baghdad Today - Baghdad

An informed source revealed today, Sunday (April 14, 2024), the arrival of Prime Minister Mohamed Shia Al-Sudani to the US capital, Washington.

The source told "Baghdad Today" that "the Sudanese arrived, a short while ago to Washington."

On Saturday, Prime Minister Mohammed Shia al-Sudani left the capital Baghdad for the United States of America at the head of a government and parliamentary delegation and representatives of the private sector.

The Sudanese media office said in a statement received by "Baghdad Today", that "Prime Minister Mohammed Shia Sudani, left the capital Baghdad heading to the United States of America, at the head of a government and parliamentary delegation and representatives of the private sector, at the beginning of an official visit at the invitation of US President Joseph Biden."

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Tishwash:  Washington discussions... expectations of achieving great economic results

Economic affairs specialists are counting on achieving great results during Prime Minister Muhammad Shiaa Al-Sudani’s current visit to Washington, related to various economic files, especially investment, energy, agriculture and technology, as well as the possibility of reaching a settlement regarding the file of the banks sanctioned by the US Federal Reserve.

They stressed that the visit, which was described as “historic,” will constitute an important transition at the level of economic and investment relations between the two countries, in addition to being a starting point for achieving a package of development achievements through success in attracting specialized companies in various fields. Despite the fact that discussions on activating the strategic framework agreement between The two countries

However, specialists believe that the “economic aspect” could be one of the provisions of that framework agreement between the two countries, and that it will be an essential introduction to activating the investment climate and paths of economic cooperation in vital and important areas, most notably the energy, science and technology sector, and encouraging technological companies.

The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, confirmed that “the visit of Prime Minister Muhammad Shiaa Al-Sudani comes at the appropriate time as everyone knows that there is an interconnection in Iraq’s financial path with the US Federal Reserve, and that most of the country’s financial transactions are based on the US dollar.”

Tariq indicated to “Al-Sabah” that Iraq is moving to strengthen the banking system with the support of the government, which has begun to pay great attention to the financial sector, pointing out that strengthening Iraq’s financial relations with the countries of the world represents an important step that can create a banking system capable of supporting the development it seeks. Iraq is looking forward to achieving it, taking advantage of the amount of wealth it possesses.

Tariq pointed out that tracking financial services in the country indicates a continuous rise in the graph of these services in a way that is consistent with the goals of the association and the public together, as there has become a clear interaction between the two parties, especially in the electronic payment and electronic financial services section.

He stated that the Prime Minister's visit to the United States will have a positive impact in all circumstances, as strengthening financial and economic relations with the world's largest economies represents an important step that enhances the country's capabilities, especially in the financial aspect.

For his part, the economic expert, Dr. Ali Dadoush, explained the possibility that this visit would achieve a number of economic gains, especially in the field of energy, investment, agriculture and industry.

Speaking to {Al-Sabah}, Daadoush said: “Dialogue with American companies with the aim of completely ending the electricity file within a specific period of time and by concluding contracts under the strategic agreement, can be a basic pillar of Washington’s negotiations, as well as attracting companies specialized in developing agriculture and working on “Creating an economic boom in this aspect and establishing projects for commercial agriculture.”

The spokesman stressed the necessity of holding dialogues with American energy management companies with the aim of investing in minerals in Iraq, especially in the western and northern regions, where these minerals abound, which now represent Iraq’s future after oil, in addition to the necessity of discussing the development of the health sector, as it is of equal importance. The rest of the sectors.

Daadoush believes that the discussions between the two countries should include attracting investments to develop the Iraqi economy in general and all three types of transportation.

According to the government spokesman, Basem Al-Awadi, to the Iraqi News Agency “INA”, the visit includes discussing ways to “move to various fields of cooperation, which could include investment, energy, economy, agriculture, etc., especially since the United States is a pioneering country in technology,” noting that “it is Among the files that will be discussed during the visit also are the financial file and what is related to the decisions of the US Treasury, the influence of Iraqi banks, and the debts owed by Iraq.

While the financial advisor to the Prime Minister, Mazhar Muhammad Salih, believes that “the visit of Prime Minister Muhammad Shia al-Sudani to Washington is one of the most important visits in the history of diplomatic relations between Iraq and the United States, which will undoubtedly serve the interest of strengthening the fabric of bilateral relations between the two countries,” pointing out that “this The visit will be an essential introduction to activating the investment climate and economic cooperation paths in vital and important areas, most notably the energy, science and technology sector, and encouraging major technological companies in the United States to take on their vital role in the areas of reconstruction and building productive economic partnerships with activities and branches of the national economy, especially the Iraqi private sector. 

He added, “Aspects of financial and banking cooperation will form an important pillar in supporting the efforts of the United States to support and strengthen the financial and banking market in Iraq, whose stability and growth are the objective basis for strengthening economic, trade, and investment ties between the two friendly countries,” indicating that “this visit will be in the interest of the national economy and put in At the same time, there is a road map that will be clearer and more accurate and consistent in charting the future of relations between the two countries on positive, solid, long-term foundations.  link

Mot:  .... INteresting! -- Veeeery INteresting!!!

Mot: A bit scary 

Iraq Economic News and Points to Ponder Late Saturday Evening 4-13-24

Iraq Economic News and Points to Ponder Late Saturday Evening 4-13-24

Tlm724 Administrator Bondlady’s Corner

Al-Sudani: My Visit To Washington Comes At A Delicate And Sensitive Circumstance 

Political |  04/13/2024   Mawazine News – Baghdad  Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Saturday, that his visit to Washington comes at a delicate and sensitive circumstance at the level of bilateral relations and the situation of the region.

Al-Sudani said before leaving Baghdad for the United States of America, in a statement broadcast by the Prime Minister’s Media Office, followed by Mawazine News, that “the goal of the visit to Washington is to move the relationship between the two countries to a new stage and activate the strategic framework agreement,” pointing out that “the strategic framework agreement It is in line with the government program and the economic reforms it includes.”

The Prime Minister added, "Our meeting with President Biden will address the situation in the region and the role we played together to calm the situation after the events in Gaza, and will review the work of the Supreme Military Committee to reach a timetable for ending the mission of the international coalition."

He pointed out that "the visit will witness the holding of the first meeting of the joint coordinating committee concerned with the implementation of the Strategic Framework Agreement, which has not held any meeting since the approval of the agreement," indicating that "the meeting of the coordinating committee will address the files of trade, energy, investment, education, transportation, culture, anti-corruption, and money recovery."

Al-Sudani pointed out that "the visit will witness several meetings with American ministers and heads of major oil and industrial companies," stressing that "the content of the visit will bear an orientation toward building a sustainable strategic partnership based on mutual respect and preserving Iraq's sovereignty."   https://www.mawazin.net/Details.aspx?jimare=245766

Foreign Ministry: Sudanese Will Strongly Propose Ending Sanctions On Iraqi Banks During His Visit To Washington

Saturday, April 13, 2024 Baghdad/National News Center  An official at the Iraqi Ministry of Foreign Affairs confirmed the intention of Prime Minister Muhammad Shia al-Sudani to present the file of ending sanctions on Iraqi banks by the US Treasury.

The source said that the visit “will not witness any radical changes in the relationship between Baghdad and Washington,” but added that the visit will include “discussing the file of the (international coalition forces to fight ISIS) and the American presence in Iraq, and the file of American financial sanctions on Iraqi private banks and institutions, and cooperation in Various security and economic fields.”

It is noteworthy that US sanctions recently targeted 28 banks for, according to Washington, their dealings with Iran, amid accusations of their involvement in dollar smuggling.

Baghdad and Washington are holding rounds of joint talks to remove international coalition forces from Iraq, as the first round was held on January 27. The first round led to an agreement to form a joint military committee to review and end the coalition mission, in addition to moving to bilateral security relations.

 The committee began its work on February 11. The same official stated that “the Sudanese will be at the head of a large ministerial and military delegation” to Washington, while “a bilateral partnership agreement will be announced” between the two countries.

It will also be “agreed on a periodic review of the American military presence, as well as the coalition forces, through dialogue rounds held by officials from both countries.”

For his part, the second Iraqi Foreign Ministry official ruled out any “major change in the form of the current relationship” between Iraq and the United States. He attributed this to “the situation in the Middle East, as well as the upcoming US presidential elections” next November. https://nnciraq.com/252940/

Within Two Days...More Than $500 Million In Sales From The Iraqi Central Bank

Money  and business  Economy News – Baghdad  The Central Bank of Iraq's total sales of hard currency for the US dollar during the two days in which the auction opened last week amounted to more than 500 million dollars.

During the past week and for two days in which the auction was opened, the Central Bank sold 533 million 978 thousand and 562 dollars, at a daily average of 266 million 989 thousand and 281 dollars, lower than what it recorded last week, which amounted to 1 billion 259 million 432 thousand and 212 dollars.

The highest dollar sales were on Monday, when sales amounted to 278 million 525 thousand 332 dollars, while the lowest sales were on Sunday, when sales amounted to 255 million 453 thousand and 230 dollars.

Foreign remittance sales during the past week amounted to 470,853,562 million dollars, an increase of 92% compared to cash sales, which amounted to 36,125,000 dollars.

96 views 04/13/2024 - https://economy-news.net/content.php?id=42414

Globally, Oil Prices Fell In Early Trading

Economy | 08:48 - 04/13/2024  Mawazine News – Baghdad  Basra crude achieved slight weekly losses after gains that lasted for four weeks in a row, with global oil prices recording a decline of more than 1%.

Basra Heavy crude closed in its last session from the day before yesterday, Friday, with a decrease of 3 cents, reaching $86.51, and recorded gains and losses amounting to 32 cents, equivalent to 0.31%.

While Basra Average crude closed in its last session with a decrease of 3 cents, reaching $89.71, and also recorded weekly losses amounting to 7 cents, or 0.8%.

Global oil gains on Friday erased some of the losses recorded in the previous session, which was dominated by concerns about US inflation, which reduced hopes for lowering interest rates, while Brent fell 0.8 percent on a weekly basis, compared to a decline of more than one percent for US crude.

https://www.mawazin.net/Details.aspx?jimare=245744

The Dollar Continues To Rise Due To The Eid Holiday

Economy | 11:24 - 04/13/2024   Mawazine News – Baghdad  The exchange rates of the dollar rose this Saturday morning in Baghdad, Erbil and Basra,

and according to the Mawazine News correspondent, the exchange rates of the dollar against the dinar, on the main Iraqi stock exchanges, today, Saturday, in Baghdad: reached 148,000, in Erbil 148,100, and in Basra: 147,600.   https://www.mawazin.net/Details.aspx?jimare=245764

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

Provoking Points To Ponder On Failures and Mistakes

I think and think for months, for years. Ninety-nine times the conclusion is false. The hundredth time I am right.- Albert Einstein

Take chances, make mistakes. That's how you grow. Pain nourishes your courage. You have to fail in order to practice being brave.- Mary Tyler Moore

Take risks. You can't fall off the bottom.- Barbara Proctor

When it goes wrong, you feel like cutting your throat, but you go on. You don't let anything get you down so much that it beats you or stops you.- George Cukor

You must have long-range goals to keep you from being frustrated by short-range failures.- Charles C. Noble

Life is a series of relapses and recoveries.- George Ade

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

http://famousquotesandauthors.com/quotes_by_topic.html

MilitiaMan: Iraqi Dinar - Iraq Prime Minister in Washington - Coming to the USA with Sensitive Circumstances -

Iraqi Dinar - Iraq Prime Minister in Washington - Coming to the USA with Sensitive Circumstances -

MilitiaMan and Crew:  4-13-2024

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

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

https://www.youtube.com/watch?v=_D0qjZdLMYo

"Tidbits From TNT" Saturday 4-13-2024

TNT:

CandyKisses:  Sudani leaves Baghdad for the United States

Baghdad / Nina /  Saturday 13, April 2024 10:02

Prime Minister Mohammed Shia Al-Sudani left the capital Baghdad for the United States of America, at the head of a government and parliamentary delegation and representatives of the private sector, at the beginning of an official visit at the invitation of US President Joseph Biden.

Tishwash:  Al-Sudani will stay in America for a week.. And Will Visit 3 States source from Baghdad and another from Washington reveal the agenda

Bankers excited to meet the Treasury

 Two Iraqi and American sources said that Prime Minister Muhammad Shiaa Al-Sudani will spend a week in the United States, including discussions with President Joe Biden, and a tour of 3 states.

The Iraqi government source confirmed to the 964 network that Al-Sudani will hold meetings with businessmen, and will be accompanied by Iraqi bank officials.

Informed sources said that the Iraqi bankers who obtained an American visa hope to cancel or ease sanctions on Iraqi banks, and they expect to hear something about this when they attend a meeting at the headquarters of the Ministry of the Treasury.

Politically, there is no change on the Sudanese agenda, and the political file will remain the transformation of the military mission of the American forces, within the framework of the international coalition, into a “security partnership” with Washington that includes armament and training, and the file of disputes between Baghdad and Erbil will also be on the table.

However, there has been a slight change, and Al-Sudani will discuss with Biden the possibility of an Iranian response to the bombing of Tehran's consulate in Mezze.

A source told the 964 network that Biden will clarify the red lines related to the Iranian threat against Israel.

The American press does not expect “a violent response from Iran against Israel,” and CNN said that Iran may be content with sanctions from the Security Council, while information was circulated regarding “Israel’s acceptance of an Iranian response that can be accommodated if it is limited.”  link

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Tishwash:  Iraq is preparing to engage in an economic alliance that brings together Türkiye, Qatar and the UAE

The Turkish Minister of Transport and Infrastructure, Abdulkadir Oraloglu, revealed on Friday a Turkish-Iraqi decision to establish a joint mechanism similar to the “Ministerial Council” to follow up on the “Development Road” project.

Oraloglu said in a statement that the visit that President Recep Tayyip Erdogan plans to make to Baghdad at the end of this month will address issues that will enhance cooperation between the two countries in the “development roads” project.

The "Development Road" is an economic project that aims to connect Iraq with Turkey via land roads and railways, with the aim of transporting goods between Europe and the Gulf countries.
Oraloglu pointed out that important steps were taken during the past year regarding the "development path" and that ministerial negotiations were held between the two countries to develop cooperation.

He stated that, in this regard, Ankara hosted technical talks under the supervision of the Ministry of Transport and Infrastructure, with the participation of representatives from the Turkish Ministries of Foreign Affairs and Trade, and an Iraqi delegation, including representatives from the Prime Minister, the Ministry of Transport, and the General Authority of Customs.

He added: "As a result of our regular meetings with Iraq, we decided to establish a mechanism similar to the ministerial council between the two countries."

Oraloglu pointed out that he recently held talks with his Iraqi counterpart, Razak Muhaibas Al-Saadawi, during which they agreed to begin establishing a mechanism similar to the existing ministerial councils between Turkey, Hungary, and Serbia.

He explained that they are waiting for the participation of the United Arab Emirates and Qatar, along with Türkiye and Iraq, in the Ministerial Council.  link

Tishwash:  Prime Minister: The visit to Washington comes at a delicate and sensitive circumstance and aims to activate the Strategic Framework Agreement

Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Saturday, that his visit to Washington comes at a delicate and sensitive circumstance at the level of bilateral relations and the situation of the region.

The Prime Minister’s Media Office stated in a statement received by the Iraqi News Agency (INA): “Prime Minister Muhammad Shia’ al-Sudani made a press statement before his departure for the United States of America, this Saturday morning, in which he confirmed that this visit comes in a delicate and sensitive circumstance at the level of Relations with the United States of America, as well as the level of conditions in the region and the crimes taking place in the Palestinian territories against innocent people, as well as fears of the expansion of the scope of the conflict.”

Al-Sudani stated, “The goal of the visit is to move relations with the United States to a new stage that includes activating the provisions of the Strategic Framework Agreement, which is in line with our government’s program, which focuses on economic and financial reforms and other important fields, as well as productive partnerships with various countries of the world.”

He stressed that "the meeting with President Biden will discuss the circumstances of the region and the escalation it is witnessing, and the joint role in working to calm the situation and prevent the conflict from expanding in a way that affects overall stability in the world. The meeting will also review the work of the Supreme Military Committee between Iraq and the international coalition, which aims to reach an agenda." "A timetable to end the coalition's mission and move to bilateral relations with the countries participating in the coalition."

He pointed out to the Prime Minister that "the visit will witness meetings with the US Secretaries of State, Defense and Treasury, as well as the National Security Advisor, the US Chamber of Commerce and senior officials in oil and industrial companies." 

He reiterated that "the visit carries the desire to build a sustainable strategic partnership, based on mutual respect, and to preserve Iraq's security, sovereignty, and territorial integrity."

The statement explained that "the Prime Minister is accompanied on his official visit to Washington by a government and parliamentary delegation that includes a number of ministers, members of the House of Representatives, and advisors, in addition to representatives from the private sector, including businessmen and industrialists specialized in various sectors, where he will hold extensive discussions with American officials regarding bilateral relations." "And to discuss a group of economic, financial, commercial and security files, as well as files related to education, culture and others. The visit also includes the signing of a number of investment contracts with major American companies."

The statement continued, "The visit will witness the holding of the first meeting of the joint Higher Coordination Committee ( HCC ), with the aim of continuing to activate the strategic framework agreement, in the axes of energy, banking and financial cooperation, transportation, combating corruption, recovering Iraqi funds, and the business sector, in addition to education and culture."   link

Mot: .. the challenge when ur single until you ~~~~~

Mot: the Never Ending ""Relationship Tips"" frum ole ""Mot"" of course!

MilitiaMan: Iraq Dinar - IQD Update - US Dollar - Dinar is Better in the Future - SFA - Global - Partnerships

Iraq Dinar - IQD Update - US Dollar - Dinar is Better in the Future - SFA - Global - Partnerships

MilitiaMan and Crew:  4-12-2024

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

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

https://www.youtube.com/watch?v=wjDlQDDL24s

Iraq Economic News and Points to Ponder Late Friday Evening 4-12-24

Iraq Economic News and Points to Ponder Late Friday Evening 4-12-24

Tlm724 Administrator Bondlady’s Corner

Advisor To The Association Of Banks: The Prime Minister’s Decisions To Support Private Banks Confirm The Government’s Vision Of Stimulus And Banking Reform

Economy News – Baghdad  Samir Al-Nusairi, advisor to the Iraqi Private Banks Association, said that the seven decisions recently issued in implementation of the directive of Prime Minister Muhammad Shia Al-Sudani regarding supporting our private banks confirm the government’s vision in its governmental approach and strategy that is consistent with the Central Bank’s strategy to reform the banking sector.

He explained that these decisions outlined the executive and supportive procedures for comprehensive reform

For the banking sector, which constitutes the basis and true beginning of successful economic reform, which included the following:

1- Preventing monopoly in banking services

2- Activating the Central Bank’s financing initiatives

3- Increasing cooperation between private banks and the Central Bank in discussing decision-making related to supporting and developing banking work

4- Determining the contribution of foreign capital to Iraqi banks

5- Participation of government institutions and financial funds with private banks and expansion by opening branches in countries

The other

6- Government and Central Bank support for private banks in foreign institutions and banks

7- Increasing reliance on private banks by the Iraqi state and activating the deposit of government deposits

And deposits of government banks with banks

Private.

Al-Nusairi stressed that the implementation of the decisions, which came as a result of an in-depth study by the Ministerial Council for the Economy and in the presence of the Central Bank of Iraq, of the challenges facing private banks, especially after 28 private banks were subjected to US Treasury restrictions by stopping their dealings in the US dollar in external transfers, are practical applications to motivate private banks to develop their internal banking operations. And foreign affairs in a way that contributes to economic reform.

Pointing out the importance of discussing this important file to lift US restrictions on these banks during the visit of the Prime Minister and his accompanying delegation to Washington next week.

This file is certainly the focus of the concerns of the government, the Central Bank, the Association of Iraqi Private Banks, and the banking sector in general. We hope that efforts will succeed in creating new balanced relations between the American side and our Iraqi delegation in the field of organizing and developing clear foundations for both parties in banking relations in accordance with international standards.

201 views   04/12/2024 - https://economy-news.net/content.php?id=42393

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  Reconstruction and building  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.   187 views   04/12/2024 - https://economy-news.net/content.php?id=42383

Adviser To The Prime Minister: Activating The Strategic Framework Agreement Tops The Agenda Of Sudanese’s Visit To Washington

Friday 12, April 2024 | Political Number of readings: 206  Baghdad / NINA / Fadi Al-Shammari, political advisor to the Prime Minister, confirmed that the upcoming visit of Prime Minister Muhammad Shia Al-Sudani to the United States of America will define the relationship between Baghdad and Washington.

Al-Shammari suggested, in a press statement today, Friday, that “the Prime Minister will place the activation of the framework agreement at the top of the visit’s agenda, in order to achieve enhanced cooperation and coordination with the United States, and activate the terms of the agreement between the two countries, especially in the areas of development, economy, investment, education, technology, artificial intelligence, and climate.”

He added, "The Sudanese seeks to deal with the files in a way that restores balance, strengthens the partnership, matures the relationship between the two countries and defines the nature, identity and nature of the joint relations, by establishing the factors of joint commitment and focusing on the main aspects of the strategic framework agreement, as well as the joint political, security and military files." /End 5    https://ninanews.com/Website/News/Details?Key=1120604

Oil Prices Are Heading For A Weekly Loss Of About One Percent

Economy | 12/04/2024  Mawazine News – Baghdad  Oil prices recorded an increase during early Friday trading, in light of escalating tension in the Middle East, which raises the possibility of disruption of supplies from the oil-producing region, but prices are heading to suffer a weekly loss amid expectations of a decline in the number of expected cuts to US interest rates this year.

Brent crude futures rose 51 cents, or 0.57 percent, to $90.25 per barrel, while US West Texas Intermediate crude futures rose 61 cents, or 0.72 percent, to $85.63.

Oil prices are still heading for a weekly decline, as Brent and West Texas Intermediate are heading to decline by more than one percent.

These gains erased some of the losses recorded in the previous session, which was dominated by concerns about US inflation, which reduced hopes for lowering interest rates in June.

Suspected Israeli warplanes bombed the Iranian consulate in Damascus in an attack that prompted Iran to vow revenge, heightening tensions in a region already tense over the war in Gaza.

Israel did not claim responsibility for the attack, but Iranian Supreme Leader Ayatollah Ali Khamenei said Wednesday that Israel "must be punished, and will be punished" for the attack.

https://www.mawazin.net/Details.aspx?jimare=245717

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

Provoking Points To Ponder On Failures and Mistakes

Finite to fail, but infinite to venture.- Emily Dickinson

When in doubt, make a fool of yourself. There is a microscopically thin line between being brilliantly creative and acting like the most gigantic idiot on earth. So what the hell, leap.- Cynthia Heimel

Failure really isn't terrible if you can say to yourself, hey, I know I'm gonna be successful at what I want to do someday. Failure doesn't become a big hangup then because it's only temporary. If failure is absolute, then it would be a disaster, but as long as it's only temporary you can just go and achieve almost anything.- Jerry Delia Femina

Failure is an event, never a person.- William D. Brown

It is better to be boldly decisive and risk being wrong than to agonize at length and be right too late.- Marilyn Moats Kennedy

I've never met a person, I don't care what his condition, in whom I could not see possibilities. I don't care how much a man may consider himself a failure, I believe in him, for he can change the thing that is wrong in his life anytime he is prepared and ready to do it. Whenever he develops the desire, he can take away from his life the thing that is defeating it. The capacity for reformation and change lies within.- Preston Bradley

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

http://famousquotesandauthors.com/quotes_by_topic.html

Goldilocks' Comments and Global Economic News Friday Evening 4-12-24

 Goldilocks' Comments and Global Economic News Friday Evening 4-12-24
Good evening Dinar Recaps,

Reserve Bank of India Announcement:

India's recent rollout of their Unified Payments Interface (UPI) service this year has been revealing some gaps in their Forex Market.

To fix this issue, a new rule was placed on the Indian Rupee causing concerns through speculators on the price of its value. And,

The RBI is working on:
* Unauthorised FX platforms
* Inadequate price transparency
* Access to government securities
* Encouraging more global participation by Indian players.

The Reserve Bank of India is in process of reforms that will help bridge some of these gaps in the Retail Market.   Several countries around the world utilize the service in foreign currency exchange, and the revamping of their service will help it move more smoothly with more accuracy.  Inc42   Livemint

© Goldilocks

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Can Ripple's XRP Be a Gold-Backed Stablecoin? Black Swan Capitalist Predicts | Binance

As you can see from this chart, Stablecoins in different countries have different names that define and reference their use because of them.

The BIS is calling on countries to come up with a similar reference point that will bring into alignment their ability to trade with one another. How these countries' digital coins, that represent their currency, will help in the measurement of their worth in trade going forward.

These measures include:
* licensing
* reserve asset management
* redemption rights
* capital adequacy
* consumer protection, governance
* risk management
* cyber security
* anti-money laundering

Basically, the BIS is asking countries to come up with a "Mission Statement." A mission statement will help these countries have a common goal and purpose for their existence. It will help to define their culture, goals, and values.  BIS

© Goldilocks

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"CHINA MAINLAND OPENS UP REPO MARKET TO MORE OFFSHORE INVESTORS"

A Repo Market is the ability to secure a loan and repay it the next day with interest building capital for the investor who place bids on these assets in the Chinese Market.

China is beginning to open their Market to offshore accounts desiring to trade with them. Many traders are seizing this opportunity with China's connection to the BRICS Nations and their continued desire to support their economy by gold.

These actions make their Market an appealing place to trade due to a growing return on investment that used to not be in play making their markets appealing to Global Investors. Regulation Asia  Investopedia KWN

© Goldilocks

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The demand for fossil fuel is waning as the demand for silver is beginning to rise. Solar power and electric vehicles will be the driving force on the price of silver going forward.

Silver is used to prop up the banking system, and we now have silver shorts taking place that will begin to eat up its profits on this monetary metal.

The transition into renewable energy has begun. Many energy reforms have been in process these last few years with oil and solar power.

Look for a bull run in the commodity sector of our Market to begin moving our economy forward at any moment. Some would say that it has already begun, but you have not seen anything yet. Economic  Times   FX Street

© Goldilocks

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Silver price cannot be capped! | Youtube

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MESSAGE FROM SAM OLIVER ON SILVER

 MP3 AUDIO

Recording Attached below-

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Gold on the Blockchain? Russia’s Surprise Move! | Youtube

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Dfinity Foundation Launches Onchain Accelerator Platform – Blockchain Bitcoin News

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Stablecoins Seeing Adoption Cross-Border Settlement Mechanism | Bitcoin World

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Prudential Regulation Authority Business Plan 2024/25 | Bank of England

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