Iraqi News Highlights Tuesday Afternoon 4-25-23

Iraqi News Highlights Tuesday Afternoon 4-25-23

Tlm724 Administrator Bondlady’s Corner

Iraq Applies Two Policies To Support The Iraqi Dinar Against Foreign Currencies

Economy| 04:53 - 04/24/2023   Baghdad - Mawazine News,  the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed, on Monday, the implementation of two policies that supported the Iraqi dinar against foreign currencies, while revealing government measures that removed obstacles to foreign trade.

Salih said, "The monetary policy of the Central Bank of Iraq has proven that it has the ability and high flexibility in coordination with the supportive government policies in providing exceptional capabilities to impose stability on prices in general and the exchange rates of the Iraqi dinar against foreign currency in particular, which are related to import prices of goods and services."

He added, "Based on the foregoing, achieving and maintaining stability came through two policies, the first: on the monetary policy side by facilitating external transfer procedures and the official exchange rate upon transfer and restricting dealing in foreign currency through legal channels, procedures and digital banking mechanisms."

And he continued, "These channels and procedures are all characterized by disclosure and high governance across the national and international financial and banking system, in addition to the Iraqi banking system's adaptation to the compliance and audit platform related to foreign transfers of foreign currency in a professional, legal and rapid manner without prejudice to the freedom of external transfer, which is now consistent with the laws."

And the national and international regulatory regulations, which were represented by the three CBI packages.

And he added, "As for the second, it is the general government policies, and it relates to what the Council of Ministers took during the past few period in terms of soft coordination measures in the customs, tax and trade fields in a harmonious syndrome that became more accurate after removing inherited bureaucratic obstacles in the movement of foreign trade, which gave stability and high flexibility in moving the activity."

 Small merchants to exercise their direct role in importing from outside the country by themselves, without the chains of intermediaries and previous monopolistic powers that the market has accumulated with its imbalances over the past forty years. https://www.mawazin.net/Details.aspx?jimare=225298

Sudanese Advisor: Foreign Currency Reserves Are High And At Comfortable Levels

Economy| 01:13 - 04/25/2023  Baghdad - Mawazine News,  the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed, on Tuesday, that foreign currency reserves are high, safe and at comfortable levels, while he indicated that the value of treasury transfers is currently estimated at about 46 trillion dinars.

Saleh said, “The Central Bank currently holds, through secondary market operations, about 64 percent of the total internal public debt, which are government debt instruments in the form of bonds and treasury transfers (that is, they are government borrowing tools that were deducted by local banks, and they are the primary holder before discounting them with the authority.” cash), as banks, especially government ones, at different periods deducted their interest with the Central Bank and regained their liquidity, and they carry an annual interest ranging between 2-3 percent, and today they have become an integral part of the assets or assets in the balance sheet of the Central Bank of Iraq.

And he added, "The value of treasury transfers in the possession of the monetary authority is estimated at about 46 trillion dinars currently," pointing out that "the foreign currency reserves of the Central Bank of Iraq are at very comfortable levels, which are the highest in the country's financial history,

which are not less than balances (in foreign exchange and gold). ) between 110-115 billion dollars, and at the same time it constitutes a percentage (coverage) of the cash currency issued (and according to the current exchange rate) by about 130 percent, which is a high and safe coverage.

And he continued, “Monetary policy, and by virtue of the fact that the Central Bank of Iraq is the government’s financial advisor, and it is the one who coordinates and consults with the government in accordance with its law to ensure consistency and harmony with the joints of financial policy and other economic policies, any decision taken by the monetary authority in accepting a discount or liquidation of any government debt instruments will be subject to There is no escape for accurate standard equations in applying monetary policy tools and their operational objectives, within the framework of managing the liquidity of the economy in a balanced manner with macroeconomic indicators, and in a manner consistent with the independence of the Central Bank of Iraq.

https://www.mawazin.net/Details.aspx?jimare=225359

Mawazine Publishes The Full Decisions Of The Council Of Ministers

political| 06:01 - 04/25/2023   Baghdad - Mawazine News  publishes / Mawazine News / Today, Tuesday, the full decisions of the Council of Ministers during its regular session, which was held under the chairmanship of Prime Minister Muhammad Shia Al-Sudani.

The media office of the Prime Minister said in a statement, a copy of which was received by Mawazine News, that "Prime Minister Muhammad Shia' al-Sudani chaired the seventeenth regular session of the Council of Ministers, during which the general conditions, service, security and economic issues and files concerned citizens' needs and requirements, as well as following up on strategic plans and the implementation of public service projects.

The statement added, "At the outset of the session, the Prime Minister valued the work of the ministries during the holy month of Ramadan, noting that it was the first month that did not witness a security breach, in addition to the fact that the holy month was marked by the highest number of hours in supplying electric power," noting that "the Sudanese continues."

 The pace of implementation by state institutions and agencies of the government program, stressing the ministries not to hesitate in providing the relevant committees with implementation indicators, so that we can stand on the points of strength and weakness.

He pointed out, "With regard to the Iraqi citizens present in the Republic of Sudan, the Prime Minister directed the competent authorities to make maximum efforts to evacuate our citizens, and to ensure their security as a result of the deteriorating security conditions there."

And he stated, “Within the framework of the Council of Ministers’ follow-up to the development file and the investment plan and ensuring its continuity, the Council of Ministers approved the recommendation of the Ministerial Council for the Economy (230027 s), which stipulates confirming the implementation of the amended Cabinet Resolution (14 of 2022) regarding the validity of work with the powers of the Minister of Planning, the competent minister and the head of the unrelated entity.”

 In the Ministry and the Governor, to implement the projects of the investment plan until the issuance of the Federal General Budget Law and the instructions for facilitating the implementation of its provisions for the year 2023.

And he continued: “In the oil wealth management file, the Council of Ministers approved the recommendation of the Ministerial Council for Energy (23027i) for the year 2023, which provides for extending the validity of a memorandum of understanding between the Ministry of Oil in the Republic of Iraq and the Ministry of Oil in the State of Kuwait, regarding the common border fields for a period of two years, starting from 6 September 2022, until September 6, 2024, taking into account that it is not a reason for requesting additional financial allocations for the Ministry, and that any amendment, supplement or contract resulting from the implementation of this memorandum is presented to the General Secretariat of the Council of Ministers for study and opinion on it before signing it.

The Ministry of Oil should follow up the issue with the concerned authorities to provide a technical study for the joint fields.

He stressed that "the Cabinet approved the recommendation of the Ministerial Council for Energy (23025i) for the year 2023, which includes approving the recommendation of the Central Committee for Review and approval of the referral in the Ministry of Oil, to refer the second phase of the gas drying project, for the Gharraf oil field, to the coalition of Oil Projects Company / Ministry of Oil and the Oil Company.

 Italian (PEG) project, with the amount of the commercial offer submitted, amounting to (320,884,293) dollars, with a period of implementation (35) months, and a guarantee (12) months (as far as the issue relates to financial validity), while he decided to agree to amend the first paragraph of the Cabinet’s decision ( 23070) for the year 2023, regarding the principles of cooperation for the energy program in Iraq, the second phase, to become as follows:

“Approval of the signing of principles of cooperation for the energy program in Iraq, the second phase, between the Ministry of Electricity and Siemens Energy Global Gmbh, specialized in the field of power production stations.” .

And he continued, "As part of the follow-up to the services file, the Council of Ministers approved the continuation of the contract between Babil Governorate and (GCITS Babel Limited), (a consortium of companies) referred to in Cabinet Resolution (242 of 2020), regarding the contract for the large Hilla sewage project / first phase."

He pointed out that "after many years of delay, the Council of Ministers ended the land crisis on which the People's International Stadium was built, by agreeing to allocate the stadium's real estate to the Ministry of Youth and Sports, and the Council also decided to stop all lawsuits filed about the real estate, the subject of the research, including the lawsuit filed by it."

The Real Estate Bank, while the Council approved a proposal to control the sale of distinguished vehicle numbers, in the public auction, prepared by the General Traffic Directorate, as well as the allocation of the property numbered (7/32 / M11), for the benefit of the General Traffic Directorate, so that it can implement the project to establish a production line for traffic signs. In an investment capacity, without legal violations.

And he continued, "The Council of Ministers decided to approve what was stated in the Ministry of Interior's letter, dated March 16, 2023, regarding the national card fees. During the session, the Council considered a number of topics and files presented on its agenda and took the following decisions: First / Approval of the following

1- Allocating the financial amount approved in the table of contributions, according to the memorandum of the Cabinet Affairs and Committees Department, without specifying the names of the priority organizations, as they all constitute financial obligations that Iraq must pay

. Al-Iraqi for Foreign Development, for the purpose of scheduling the amounts owed by Iraq towards Arab or international organizations, or paying them until December 31, 2022.

3- Taking into account the nomination of representatives of the Republic of Iraq, with high qualifications and professional specialization, in Arab and international organizations; In order for them to compete with the candidates of other countries.

4- Coordinating with the Ministry of Foreign Affairs, if the ministry, or an entity not affiliated with a ministry, wants to withdraw from an Arab or international organization.

5- Coordinating with the Ministries of (Foreign Affairs and Finance), in the event of a desire to participate with an Arab or international organization, after obtaining the official approvals from the Ministry or the sectoral authority.

6- The ministry, or the entity not associated with a ministry, can make a transfer from its financial allocations, if it wishes to contribute to a new organization and a financial allocation is not available for it; To pay its financial contributions to the Federal General Budget Law.

7- Recommending to the House of Representatives instructing the parliamentary committees and concerned departments not to reduce the amounts of contributions of ministries and entities not linked to a ministry to Arab and international organizations and to include them fully in the federal budget law.

Second / Approval of the following:

1- Granting a subsequent leave with the power to negotiate and sign a draft agreement, regarding mutual exemption from entry visas, for holders of diplomatic, special, service and public affairs passports, between the government of the Republic of Iraq and the government of the People's Republic of China, to the Undersecretary of the Ministry of Foreign Affairs for Bilateral Relations, For signing the aforementioned draft agreement on June 6, 2022, based on the provisions of Article (6) of the Treaty Contract Law No. (35) of 2015.

2- Approving a draft law ratifying an agreement on mutual exemption from entry visas for holders of diplomatic, private, service and public affairs passports, between the government of the Republic of Iraq and the government of the People's Republic of China, signed in Baghdad on June 6, 2022, and referring it to the House of Representatives.

Third: The Ministry of Commerce takes the necessary measures to destroy the quantities of wheat (unfit for human consumption).

Fourth / Approval of the recommendation of the Ministerial Council for Social Services (23019 G), which concerns a proposal by nuclear science expert Dr. (Hamid Muaidy al-Bahli) to distribute the amount of the budget for cleansing Iraq of depleted uranium, amounting to (4,929,000,000) dinars, only four billion, nine hundred and twenty-nine million dinars, to To be distributed among the budgets of the agencies participating in the purification process.

Fifth / The Council of Ministers authorized the competent minister, or the head of an entity not affiliated with a ministry, from among those covered by the Opinion Council Law (9 of 2011), to choose two experts with specialization, who are not employees, to attend the meetings of the Opinion Council, without being members therein, in return for a reward. Financial not more than (500) thousand dinars per session.   https://www.mawazin.net/Details.aspx?jimare=225381

The Dollar Exchange Rates Continue To Decline In The Local Markets Today

Tuesday 25, April 2023 14:29 | Economical Number of readings: 388  Baghdad / NINA / - The exchange rates of the dollar on the local stock exchange decreased today, Tuesday.

The selling price was recorded at 141,000 thousand dinars for one hundred dollars, and the purchase price was 140,000 thousand dinars for one hundred dollars.

In the north, the selling price reached 141,750 thousand dinars per hundred dollars, and the purchase price reached 139,750 thousand dinars per hundred dollars.

In the south, the selling price reached 141,500 thousand dinars for one hundred dollars, and the purchase price was 139,500 thousand dinars for one hundred dollars./End 7

https://ninanews.com/Website/News/Details?Key=1049165

The Increase In Foreign Remittances In The Sales Of The Iraqi Central Auction Today

Posted On2023-04-25 By Sotaliraq   2023-04-25  Foreign remittances in the Central Bank's dollar sales increased significantly at the expense of cash sales in today's auction, Tuesday.

Our correspondent stated that “the Central Bank sold today, during its auction for the sale and purchase of US dollars, 171 million and 508 thousand and 366 dollars, which the bank covered at a basic exchange rate of 1305 dinars per dollar for documentary credits and international settlements for electronic cards and at a price of 1310 dinars per dollar for foreign transfers and at a price of 1310 dinars per dollar.” dollars in cash.

Our correspondent added that most of the dollar sales went to reinforce the balances abroad in the form of (remittances, credits), amounting to 164,408,366 dollars, while the remaining 7,100,000 dollars went in the form of cash sales.

Our correspondent indicated that the number of banks that bought cash dollars amounted to 5 banks, while the number of banks that responded to requests for strengthening balances abroad reached 24 banks, while the total number of exchange and mediation companies participating in the auction was 17 companies.    LINK

To read more current and reliable Iraqi news please visit BondLady’s Corner:

https://www.bondladyscorner.com/

The Best Way To Invest An Inheritance and Protect Your Newfound Wealth

The Best Way To Invest An Inheritance and Protect Your Newfound Wealth

Charlotte Gifford   Tue, April 25, 2023   The Telegraph

Receiving a lump sum inheritance can be life-changing. But when it comes to deciding what you should do with a sudden windfall it is easy to feel overwhelmed by the range of options at your fingertips.

Undoubtedly one of the worst things you could do – besides spending it all at once in a mad frenzy – is put the money in your current account. This will leave your inheritance at the mercy of inflation. If inflation is on average 2 per cent, then in terms of purchasing power a £100,000 lump sum would be worth just £50,000 in 25 years.

Taking a proactive approach to growing your inheritance is crucial. Here, Telegraph Money tells you what you need to know about investing to get the most out of your newfound wealth.

First Things First

Make sure you have a rainy day fund

This should be a sum of money to cover an unexpected expense. It is generally advised that you keep enough for three to six months’ expenditure.

However, this isn’t an excuse to leave thousands of pounds languishing in your current account. Put the money in a savings account paying a competitive rate.

Pay Off Your Debts

This includes overdrafts, credit cards and loans. The high interest rate on these debts will probably eat your wealth faster than the rate of your investment return will grow it.

Does this mean you should also pay off your mortgage or, if you have it, your student debt? That depends.

Emma Watson of the wealth manager Rathbones said clearing student debt can be a sensible thing to do, especially if your loan has a relatively high interest rate (like those taken out since 2012). Workers on "Plan 2" loans will be charged a maximum interest rate of 6.9 per cent. The debt is repaid at a rate of 9 per cent on everything over the earnings threshold of £27,295.

However, because the monthly repayments are based on your earnings, the cost is probably only worth it for very high earners. Bear in mind the debt is wiped after 30 years regardless.

With mortgage rates going up, Ms Watson said the argument for paying off your mortgage first is stronger than it has been in the past.

“However, the principle of look before you leap applies as, if your mortgage is on a fixed term, there may be penalties applying to free yourself from it,” she said.

Protect Yourself

Promises of sky-high returns are telltale signs of an investment scam. Only put your money with a provider regulated by the Financial Conduct Authority.

Be wary of saving more than £85,000 with one institution – only sums up to this limit are protected under the Financial Services Compensation Scheme, in the unlikely event the company goes bust.

Should I invest it all in one go or in smaller increments?

Another thing to consider is whether you should invest the sum all at once, or in dribs and drabs.

You may have heard that drip-feeding the cash into investments will help to avoid the impact of market peaks and troughs.

To continue reading, please go to the original article here:

https://www.yahoo.com/news/best-way-invest-inheritance-most-050000112.html

Mike Maloney and Andy Schectman Tuesday 4-25-2023

"There's Information In There They Don't Want You To Know" - Mike Maloney

4-25-2023

There’s now an increasing awareness of a move to ‘de-dollarization’, something that Mike Maloney has been warning about for more than a decade.

But if we do see the US dollar lose its reserve status…what comes next?

Join Mike Maloney and Ken McElroy as they discuss what may happen and the signs you should be looking for.

https://www.youtube.com/watch?v=zlDRpRXXe7U

Andy Schectman: Frantic Silver Demand Lightened Last Week

Arcadia Economics:  4-25-2023

After a frantic month and a half of order flow in the retail silver market, the conditions at the bullion dealers receded somewhat over the past week.

The spark in demand had been triggered by the failure of Silicon Valley Bank, which left investors and savers concerned about the fragility of the banking system.

Although after a period of calm following the depositor bailout, Andy Schectman of Miles Franklin reports that the surge in demand has come in over the past week. So in this week's physical silver market update, Andy talks about the latest week of activity, and also describes the conditions regarding product availability and premiums.

He comments on the recent draw-down of the COMEX registered silver inventory, the new report by The Silver Institute, and answers some viewer questions that came in. So to get the latest update regarding the conditions in the physical silver market, click to watch this video now!

https://www.youtube.com/watch?v=AU1Iev8SADM

News, Rumors and Opinions Tuesday Afternoon 4-25-2023

KTFA:

Clare:  India is the "first destination" for Iraqi oil in April

4/25/2023

India topped the list of countries that buy the most Iraqi oil during the month of April.

According to the research unit of the "Economy News" agency, India imported 23.93 million barrels from Iraq in April, while China ranked second with 19.42 million barrels.

After India and China, South Korea came, with a total import of 5.49 million barrels, followed by America with 5.13 million barrels.

Turkey ranked fifth, with purchases of Iraqi oil amounting to 2.18 million barrels.  LINK

Suzie:  We're getting all kinds of good news about the rate change coming soon, Iraqis' hold onto your dinars for the new value,  etc., etc., but we're heading into May,,, EID over, no pictures of the nscn's yet and companies pouring into Iraq to do business, but I'd like to know why and how companies would pour into Iraq IF they didn't know what the dinar's going to be worth??

Just a question, in MY opinion, because if I was a contractor and bidding on jobs I would want to know my costs and how and what I'm  going to be paid going into it or why would I want to do business?

So...do they know something we don't, or..., just askin' as it seems to me as far as they've come based on all the info we've gotten, they could do the 1 to 1 with the stroke of a pen if they're really in that big a hurry to join the international world as they say they are. 

Clare:  OF COURSE THEY KNOW THE RATE THEY HAVE CONTRACTED TO! ...WHY DO YOU THINK WS & FRANK HAVE TOLD US ABOUT A "SECOND SET OF BOOKS" OVER THE YEARS...IMO

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Clare:  Sudanese advisor: Foreign currency reserves are high, safe and at comfortable levels

4/25/2023

The financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed, on Tuesday, that foreign currency reserves are high, safe and at comfortable levels, while indicating that the value of treasury transfers is currently estimated at about 46 trillion dinars.

 Saleh said, “The Central Bank currently holds, through secondary market operations, about 64 percent of the total internal public debt, which are government debt instruments in the form of bonds and treasury transfers

(That is, they are government borrowing tools that were deducted by local banks, and they are the primary holder before discounting them with the authority.” cash), as banks, especially government ones, at different periods deducted their interest with the Central Bank and regained their liquidity, and they carry an annual interest ranging between 2-3 percent, and today they have become an integral part of the assets or assets in the balance sheet of the Central Bank of Iraq.

And he added, "The value of treasury transfers in the possession of the monetary authority is estimated at about 46 trillion dinars currently," pointing out that "the foreign currency reserves of the Central Bank of Iraq are at very comfortable levels, which are the highest in the country's financial history, which are not less than balances (in foreign exchange and gold). ) between 110-115 billion dollars, and at the same time it constitutes a percentage (coverage) of the cash currency issued (and according to the current exchange rate) by about 130 percent, which is a high and safe coverage.

And he continued, “Monetary policy, and by virtue of the fact that the Central Bank of Iraq is the government’s financial advisor, and it is the one who coordinates and consults with the government in accordance with its law to ensure consistency and harmony with the joints of financial policy and other economic policies, any decision taken by the monetary authority in accepting a discount or liquidation of any government debt instruments will be subject to

There is no escape for accurate standard equations in applying monetary policy tools and their operational objectives, within the framework of managing the liquidity of the economy in a balanced manner with macroeconomic indicators, and in a manner consistent with the independence of the Central Bank of Iraq.LINK

***********

Courtesy of Dinar Guru

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:  Something is about to pop...it has to.  After EID we expect some changes to the current rate.  To more like 1000 to 1...  FRANK:  Pay attention to   your prime minister.  He is trying very hard to tell you your currency is at 1.5 to the American dollar.  It is possible they may start the float at 1 to 1.5 instead of 1 to 1.

yada   The parallel rate...is the rate that the street operated at. For a long time, the street rate charged higher rates for dollars that were purchased by dinar. The CBI rate is the official rate and there was a variance between the two.  Since the official currency in Iraq is now the dollar [dinar ?] and illegal to use dollars, the street vendors are forced to play fair or use the same rate as the CBI...the parallel rate is flattened in Kurdistan whom always operated at a higher standard than Baghdad.   Now the rate will go international and that is what we've been awaiting

Nice article from salah the Prime Minister advisor

Nader:  4-25-2023

https://www.youtube.com/watch?v=FQi-K_I9bi8

(ALERT) The 10 YEAR YIELD DROPS! "Fear Trade." Is It Time To Short The Market?

Greg Mannarino:  4-25-2023

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

Goldilocks "BRICS, SWIFT News and more" Tuesday 4-26-2023

Goldilocks and Seeds of Wisdom

Thank you RJ

RJ:  Good morning Dinar Recaps,

Goldilocks posted Commentaries and links this morning

Iraq News - Iraq Caught in Middle USD vs BRICS  Will This Affect IQD Investors?

https://youtu.be/MRpZFZ79KlA

“Iraq’s entry into the SWIFT foreign transfer platform list has a positive impact on Iraq, which has led to the stability of the market on the one hand and preventing smuggling on the other.”

Iraq's current listing and implementation of their entry into the Swift System is now underway.

This will keep Iraq's currency secure and deliver more velocity to their National Currency near and far.

This is truly a monumental achievement for Iraq. It is an entrance into the International stage inside a global digital banking system.

© Goldilocks

https://search4dinar.wordpress.com/2023/04/25/economist-iraqs-entry-into-the-swift-platform-led-to-the-stability-of-the-market-and-preventing-currency-smuggling/

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A great transfer of wealth is underway on the institutional level. Institutional money moves mountains in the global world of finance.

This amount of money is not moved very often. Only in times of transitions in our economy do you see these kinds of moves.

People with money along with banks are consolidating and positioning themselves for a transition. (See articles below)

© Goldilocks

Bloomberg LINK 1
Bloomberg LINK 2
Bloomberg LINK 3

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"The New Development Bank (NDB) of the BRICS group has begun to offer loans in local currencies."

When a Global World Reserve Currency loses its value as we are currently witnessing, new alliances are formed that establish new values in countries seeking refuge from the fall.

This new alliance being established with the BRICS Nations in the form of loans in a country's own local currencies will establish new credit for those countries who used to utilize the dollar for credit.

It will increase the demand for their own local currencies in the east, and these new lines of credit along with demand will increase their value.

© Goldilocks

https://watcher.guru/news/brics-new-development-bank-now-offers-loans-in-local-currencies-instead-of-us-dollar

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"Russia is launching a new payment system that is “bound by no restrictions” where digital currencies could be used in cross-border payments, said Russian Finance Minister Anton Siluanov. “Two parties come to an agreement, make settlement payments, and no other country could step in and freeze such payments,” the top official explained."

Oh my, this is going to be very attractive to countries trying to avoid sanctions under our current financial system.

This new movement of money will create money velocity in countries who take their sovereignty back and begin operating with their own local currencies.

New values are forming all over the world. At any moment, these new implemented values will begin to show up in our currencies.

© Goldilocks

https://news.bitcoin.com/russia-launching-payment-system-with-no-restrictions-digital-currencies-to-be-completely-unrestricted/

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"The Commodity and Futures Trading Commission has sued 14 entities for fraudulently claiming to be registered as futures commission merchants (FCM) and retail foreign exchange dealers (RFED)."

The CFTC is cleaning house of exchange dealers for a reason.

This will enable people to make foreign currency transactions with a piece of mind.

As a group, we have been noticing how our new digital-asset based trading system is formulating security and clarity for our road ahead.

Currency reforms include cleaning the swamp.

© Goldilocks

https://www.leaprate.com/financial-services/charges/cftc-charges-14-fx-dealer-firms-for-fraudulent-registrations-claims/

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Wealth Managers have gone digital.

Digital Wealth Managers are currently utilizing digital tools with other established financial advisors to create standardized client experiences across all digital devices and platforms.

If you think our banks have not been in transformation this past year and a half, you might want to take another look.

© Goldilocks

https://www.hubbis.com/article/the-rise-of-digital-wealth-management-in-the-growth-markets-of-asean

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Goldilocks' Telegram Room

https://t.me/+YU9UrHLxFbszOTJh

Goldilocks on the Seeds of Wisdom Team Website

https://www.seedsofwisdomteam.com/

Thank you Dinar Recaps

"Coffee With MarkZ" Tueaday Morning Chat 4-25-2023

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ Tuesday  Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context.  Be sure to consult a professional for any financial decisions

Mod:  PLEASE PAY CLOSE ATTENTION TO MARK DURING THE NEWS AND WHEN HE IS ANSWERING QUESTIONS AND/OR WATCH REPLAYS OF PODCASTS, SO YOU DON’T MISS SOMETHING IMPORTANT

Member: Buenos Dias, everyone

Member:  GM RV family. hope everyone is having a great day today.

Member:  I'm full of hope that this is our week.

Member: any new info on bond people?

MZ: No info that has changed since yesterday.

MZ: Nader dropped a video this morning….about an article from Saleh – the financial advisor. He is talking about how secure they are in Iraq…the amount of debt ….and how the government has more money than debt. I believe they want them to know these figures…..so when the value changes – the people already know.

MZ: “ Economist: Iraq’s entry into the SWIFT platform led to market stability and prevented currency smuggling” They want us to know that all of their reforms worked.

MZ: We are hearing from Iraq that they are fully section 8 complient…Its finished….This is another key piece…..its done. I believe at this point they have already passed the budget…I think the GOI is sitting on some huge news and will simply announce it and a rate change soon….I could be wrong….but that’s what I think.

MZ: Iraq is doing everything they can to move this forward…..to get out of the yoke of the US. They will drag the other “can kickers” along with them….imo .

Member: First Republic reports a stunning $100 Billion fall in deposits. The stock is crashing -22% here in pre-market.

MZ: “First Republic laid bare the extent of banking turmoil-Brace for more jitters”  This is from Barons- one of the most respected financial publications.   I told you all on Saturday this was going to happen. This bank is a zombie…the walking dead.

MZ: Other banking woes:  “UBS (United bank of Switzerland) gears up for record breaking gain once Credit Suisse closes” Keep watching this story. It could break the back of European banking at any moment.

Member: ***Mark*** a wise financial guy I know says crash would be Mon... (Black Monday, historically), and for other "related reasons." NOT Fri.

MZ: We will see. They might be right.

​Member: On the evening of the 28th credit Union is closing until May 2. Upgrades. No atm no mobile banking check transfers in advance.

Member: Many of you have sent me reports like this……many are closing Friday of this week and reopening next week with all new systems or upgrades…….

Member:  my BOA just took the whole atm out over the weekend

Member: new atms at my 5th3rd coming

Member: My bank merged with another ….all new up grades and new security with cards.

Member: ​Some banks in Vancouver Canada are remodeling and looking like living rooms

Member: On the National Debt Clock the number of millionaires has grown by quite a bit in the past week. I wonder why this is???

Member: Mark, I’ve been hearing payouts between $.11-$.33 cents on Zim… any truth to that on the Zim bonds

Mod:  *** Estimated: Dong - $3-4, Dinar - $6.00-$11.00???, Zim Bond - .50 (per million) additional for projects, Indo Rupiah $1.47, Rial - $3.30, Agro Cheques - $330,000/1 billion *

 Member: Mark you are doing a great job helping us get to the finish line. Thanks brother.

Member:  Hope everyone has a great and blessed day!

​THE INFO IN THIS PODCAST IS FOR GENERAL INFORMATION & EDUCATIONAL PURPOSES ONLY NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

Mod:  MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

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THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

MARK HAS BEEN INVOLVED IN THIS FOR MANY YEARS FROM THE HISTORY AND MADE MANY CONTACTS WORLDWIDE. HE RESPECTS EACH OF THEM AND PROTECTS THEIR PRIVACY. HE VERIFIES INFORMATION BEFORE HE SHARES YET THINGS CHANGE AND IT IS NOT IN HIS CONTROL.

THE INFORMATION PROVIDED IN THE STREAM IS IN MARKZ OPINION - INFORMATION PROVIDED IS BY VETTED CONTACTS - INFORMATION CAN AND MAY CHANGE AT ANY TIME WITH OR WITHOUT NOTICE

MZ: Zim payouts I hear may be traunched…..a structured payout over time…….What is a traunch?   https://www.investopedia.com/terms/t/traunch.asp

MZ:  JFK Secret Societies Speech in case we forgot   https://www.youtube.com/watch?v=ItOPg2l7-t0

JFK to 911 Everything Is A Rich Man's Trick https://www.youtube.com/watch?v=8ObvK4NR_LI&has_verified=1&bpctr=1579044401

Your straw man (Strawman) is an artificial person http://freedom-school.com/aware/your-straw-man-is-an-artificial-person.html

MZ: Video on PP’s and Farm claims: https://www.youtube.com/watch?v=sAL0exvL45Y

Mod:  Dr Shabibi answering questions https://www.youtube.com/watch?v=ol8wve53-ME

MZ: Watch the Video “The end of the road” by Monkey films on Amazon Prime….End of the Road: https://tubitv.com/movies/451883/end_of_the_road

You can share links like these one's to those who don't believe: theoriginalmarkz: https://www.slideshare.net/ahmeddinargate/the-history-of-iraqi-dinar-exchange-rate

MZ: Farm Claims are what started the whole Nesara movement. So if you want a bit of History …please watch this one.   https://www.youtube.com/watch?v=sAL0exvL45Y

Mark Coffee and Chat …. Monday through Friday 10:00 AM EST EDT ….Chats live or recorded https://www.twitch.tv/theoriginalmarkz ONLY SPECIAL NEWS tweeted out https://twitter.com/originalmarkz

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Follow Mark on odysee ( formerly known as library) at https://odysee.com/@theoriginalmarkz:e

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.

Twitch:   https://www.twitch.tv/theoriginalmarkz

Youtube:   https://www.youtube.com/watch?v=l5cByv3OHMQ  

Tuesday Morning Iraq Economic News Highlights 4-25-23

Tuesday Morning Iraq Economic News Highlights 4-25-23

The Central Bank: The Cash Payment Of The Dollar Has Become Disciplined With The Procedures Of The Electronic Platform

Economy| 09:07 - 04/24/2023  Baghdad - Mawazine News  The Central Bank confirmed, today, Monday, that the cash payment of the dollar has become disciplined with the procedures of the electronic platform, which prompted a decline in its price in the market, because it has become available through the platform.

The Central Bank's advisor, Ihsan Al-Yasiri, said in an interview with the official agency, which was followed by Mawazine News, that "all merchants, including small merchants, have become able to obtain dollars through the electronic platform, and the cash payment of dollars has become disciplined with the procedures of the platform."

He added, "In light of this, it is natural for the dollar to begin to decline in front of the dinar in the market for its normal price set by the Central Bank, because the dollar is a commodity like any other commodity whose purchase requests are met."

And he continued: “As long as purchase orders for dollars are met through the platform, there will remain no reason for the merchant to sell in dollars, and we hope that the sale will be in dinars only because it is the country’s currency, and secondly, there is no reason to adhere to a specific price, because the dollar is available to those who ask for it, such as the merchant and those who need to travel for treatment, the traveler and the student who is studying.” outside".

https://www.mawazin.net/Details.aspx?jimare=225313

Iraqi Oil Expert: The Real Confrontation Between OPEC And America Will Begin In A Few Days

2023-04-25 05:18   Shafaq News/ The oil expert, Hamza Al-Jawahiri, predicted today, Tuesday, that the real confrontation between OPEC and the United States of America will begin in a few days, suggesting that oil prices will rise again.

Al-Jawahiri said in an interview with Shafaq News agency; "What is currently happening in terms of fluctuation in oil prices is a confrontation between OPEC and America," expecting that "this confrontation will not end, as the latter is preparing for the real confrontation that will begin in a few days."

He added, "America is currently seeking to reduce oil prices by pumping large quantities of strategic oil reserves that it has into the markets, while OPEC has sought to keep prices within the range of $80 through the voluntary reduction of one million and 660 thousand barrels per day, which will start as of the first of March." next May."

Al-Jawahiry expected that "prices will rise again if the voluntary reduction is initiated," adding that "OPEC + knows that this confrontation with America will not end through this reduction, and therefore OPEC studies will take this into account in light of this confrontation."  

Crude oil prices rose with OPEC countries, including Iraq, announcing voluntary cuts of more than one million and 600 thousand barrels per day, starting next May, in addition to the previous cuts of two million barrels per day, before losing these gains with the passage of days, with expectations of raising interest rates in America and Europe, which warns of weak global economic growth.   LINK

Parliamentary Warnings Of Breaching The Erbil Oil Sale Agreement And The Collapse Of Negotiations To Pass The Budget

Information / Baghdad..  Independent MP Ahmed Majeed Al-Sharmani warned, on Tuesday, of the consequences of violating the oil agreement between Baghdad and Erbil within the budget, indicating that strengthening the budget through additional resources will end these risks.

Follow the "information" channel on Telegram.. news that does not need to be documented..

Al-Sharmani said in an interview with Al-Maalouma agency, "The oil agreement between Baghdad and Erbil to export 400,000 barrels of oil will be subject to breach at any moment due to political tensions."

He added, "This matter has great risks for the 2023 budget, and therefore we demand support for budget revenues from other outlets and work to support the national industry."

He pointed out that "any breach of the oil agreement between Baghdad and Erbil will increase the deficit rate in the next year's budget for the year 2024."

Pointing out that "the region's oil file constitutes an obstacle in relations between Baghdad and Erbil at a time when the Iraqi government has adopted its budget for the next three years."

 The representative of the Al-Fateh Alliance, Walid Al-Sahlani, revealed, in a previous interview, that his alliance recorded two observations regarding the budget law, indicating that the budget lacks the main objectives, in addition to not including raising the proportions of non-oil resources.  LINK

Experts: The 2023 Budget Is Exaggerated

Iraqi Dinar   Reports  Economists have warned that the delay in approving the budget until now will greatly affect the completion or start of the projects announced by the government, especially since the year is approaching halfway through now, noting that everyone is waiting for Parliament’s opinion on the three-year budget and how it will be monitored in the event It was approved with changes in oil prices.

Economic expert Mahmoud Dagher stated that "the government will not be able to implement the investment part with the remainder of the time of this year, which has now passed 4 months without approving the budget."

Dagher said, "The plan and investment platform in the budget is within the limits of (50 trillion dinars), and therefore it is difficult to negotiate with contractors in light of the lack of approval of the budget, and sometimes there are foreign companies that the government needs to contract with, so if we want to implement projects correctly, the period The remainder of this year is not enough, and it is difficult for the government to be able to accomplish it within six months, accompanied by low productivity in state institutions and the financial and administrative corruption that is eating away at them.

He added that "the investment part can be completed in subsequent years only, and that will be implemented is the amount of revenues and dues of oil companies," noting that "any effort or intentions, if not accompanied by proper planning and construction, cannot be implemented and remain incomplete dreams."

Dagher explained, "The entire budget was built on exaggerations, except for the salaries. All eyes are on whether Parliament will agree to approve a budget for three years," wondering, "If the budget is approved, how will it be followed up and monitored?"

In addition, the economist Hazem Hadi saw that the remaining period of the year to complete the projects is a very short period,” noting that “only half of the year remains, and there has been no ratification of the budget law so far.”

Hadi said, "The projects that the government undertakes to implement or that are lagging behind may not be able to implement them, and the government is required at the present time to provide the necessary supplies to advance and complete these projects," noting that "it is unreasonable for 4 months of the year to pass without the ratification of an important draft law." Like the budget, and this is a delay from the financial planner and from the legislator at the same time.

He added, "The allocations in the budget are very large, and the deficit is also very large. In any case, spending on the budget will not exceed 90%, and investment spending will not exceed, at best, 30-40% of the budget."

In addition, a member of the Parliamentary Finance Committee, Jamal Cougar, said: “The committee will use its full powers regarding the budget, by making reductions, transfers, amending paragraphs and adding paragraphs,” suggesting that “the budget will be passed without disagreement.”

In turn, the representative of the Kurdistan Democratic Party, Mahma Khalil, said: "Among the disputes over the budget is the existence of a large deficit in its law, and the government must work to reduce it or clarify a mechanism to bridge this deficit," noting that "the price of oil that was calculated in the budget is also the subject of A dispute between deputies who believe that this price is too high and should be reduced or it should be at a balanced price.   https://economy-news.net/content.php?id=33784

Economist: Entering Iraq With The Swift Platform Led To Market Stability And Prevented Currency Smuggling

04/25/2023   Earth News / Economist Alaa Al-Fahd said today, Tuesday, that Iraq's entry into the SWIFT platform led to market stability and prevented currency smuggling abroad.

Al-Fahd said, in an interview with Earth News, that "the monetary policy in Iraq seeks to create stability in the exchange rates and currencies market, and this has a great impact on reducing cases of corruption and currency smuggling abroad."

He added, "Iraq's entry into the list of the Swift platform for external transfers has a positive impact on Iraq, which has led to market stability on the one hand and preventing smuggling on the other hand."

And that "this will reflect positively on the development of the Iraqi economy and the state of recovery expected as a result of the application of this system, which will limit cases of smuggling of the dollar currency to other countries."

He continued, "The currencies were up to three countries whose trade depended directly on Iraq, and the application of this system will limit smuggling cases, and this will reflect positively on the stability of market prices in the future in Iraq."   https://earthiq.news/archives/224029

Between Abundance And Fear Of Bankruptcy.. Will Iraq Take A Way Out Of Debt?

While Iraq has the largest cash reserves in its history, amounting to 125 billion US dollars, economists believe that "if oil prices fall, Iraq will lose its economic capacity and may take debt as a way to add to its previous debts."

 The economist, Salam Sumaisem, criticized today, Monday, the federal budget, considering it to be consumer spending and not diversify any sources of income.

Sumaisem said in a press interview seen by “Takadum” that “despite the value of the explosive budget, we may reach bankruptcy and go to the path of debt in the event that the price of oil falls and our revenues are no longer equal to the volume of high spending in this budget, which witnesses great (extravagance) in it.”

And the economist called for “diversifying sources of income and compressing expenditures for the purpose of reducing the budget and not keeping its price high in order to ensure stability in financial exchange operations.”

She pointed out that “the investment aspect is completely absent from the three-year budget,” which the House of Representatives intends to vote on.

It is noteworthy that the foreign debts incurred by Iraq are limited debts, amounting today to about 17 billion dollars, and are divided into types, including soft debts for the benefit of countries and governments that lend to Iraq in fulfillment of its commitment at the Madrid Conference for the Reconstruction of Iraq in 2003, during which several countries, led by the United States, pledged to provide Grants and soft loans to Iraq amounting to approximately 33 billion dollars in an effort to rebuild the country, which explains the provision of loans through American, Japanese, British and German development agencies.

Observers confirm that Iraq pays 4 billion dollars annually to pay debt installments and interests, and its volume may not constitute 6 to 7 percent of its gross domestic product, and thus it can be said that Iraq is a country that is not bound by debt.   https://takadum-news.com/archives/161022

The Sudanese Financial Advisor: The Value Of Treasury Transfers Is Currently Estimated At 46 Trillion Dinars

Economy   Today, Tuesday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that foreign currency reserves are high, safe and at comfortable levels, while he indicated that the value of treasury transfers is currently estimated at about 46 trillion dinars.

Saleh said to the official agency, "The Central Bank is an independent authority and enjoys broad legal independence, as it is based on the Central Bank of Iraq Law No. 56 of 2004, especially Article 26, which bears an explicit title that reads:" Prohibition of lending to the government (neither directly nor indirectly). Indirect)

Operational monetary policy, and it is called (sterilization) procedures.

He added, "The Central Bank is responsible for managing the government's financial operations, as well as managing the country's foreign currency reserves, according to the best methods of managing sovereign investment portfolios, and its standard evidence in terms of maximizing asset returns and avoiding all risks, whether legal, price and others."

He pointed out that "although the Central Bank, by virtue of its role in controlling local liquidity levels and controlling its flows to achieve stability in the growth of the money supply, it exercises secondary market operations in the sale and purchase of securities in general and government ones in particular in order to manage general liquidity in the economy."

And controlling its levels and growth rates in a way that achieves monetary and price stability, and this is done through direct dealings with the national banking market exclusively.

And he continued, "The Central Bank currently holds, through secondary market operations, about 64 percent of the total internal public debt, which are government debt instruments in the form of bonds and treasury transfers (that is, they are government borrowing tools that were deducted by local banks and are the primary holders before deducting them with the monetary authority). ,

As banks, especially government ones, at different periods deducted their interest with the Central Bank and regained their liquidity, and they carry an annual interest ranging between 2-3 percent, and today they have become an integral part of the assets or assets in the balance sheet of the Central Bank of Iraq.

And he added, "The value of treasury transfers in the possession of the monetary authority is estimated at about 46 trillion dinars currently," pointing out that "the foreign currency reserves of the Central Bank of Iraq are at very comfortable levels, which are the highest in the country's financial history,

 which are not less than balances (in foreign exchange and gold). ) between 110-115 billion dollars,  and at the same time it constitutes a percentage (coverage) of the cash currency issued (and according to the current exchange rate) by about 130 percent, which is a high and safe coverage.

And he continued, “Monetary policy, and by virtue of the fact that the Central Bank of Iraq is the government’s financial advisor, and it is the one who coordinates and consults with the government in accordance with its law to ensure consistency and harmony with the joints of financial policy and other economic policies, any decision taken by the monetary authority in accepting a discount or liquidation of any government debt instruments will be subject to

 There is no escape for accurate standard equations in applying monetary policy tools and their operational objectives, within the framework of managing the liquidity of the economy in a balanced manner with macroeconomic indicators, and in a manner consistent with the independence of the Central Bank of Iraq. https://www.dijlah.tv/index.php?page=article&id=327478

Iraqi Oil Expert: The Real Confrontation Between OPEC And America Will Begin In A Few Days

Shafaq News/ The oil expert, Hamza Al-Jawahiri, predicted today, Tuesday, that the real confrontation between OPEC and the United States of America will begin in a few days, suggesting that oil prices will rise again.

Al-Jawahiri said in an interview with Shafaq News agency; "What is currently happening in terms of fluctuation in oil prices is a confrontation between OPEC and America," expecting that "this confrontation will not end, as the latter is preparing for the real confrontation that will begin in a few days."

He added, "America is currently seeking to reduce oil prices by pumping large quantities of strategic oil reserves that it has into the markets, while OPEC has sought to keep prices within the range of $80 through the voluntary reduction of one million and 660 thousand barrels per day, which will start as of the first of March." next May."

Al-Jawahiry expected that "prices will rise again if the voluntary reduction is initiated," adding that "OPEC + knows that this confrontation with America will not end through this reduction, and therefore OPEC studies will take this into account in light of this confrontation."  

Crude oil prices rose with OPEC countries, including Iraq, announcing voluntary cuts of more than one million and 600 thousand barrels per day, starting next May, in addition to the previous cuts of two million barrels per day, before losing these gains with the passage of days, with expectations of raising interest rates in America and Europe, which warns of weak global economic growth.  LINK

Did The Government Make A Mistake?.. Revealing A Detail That Includes A Waste Of Public Money In The 2023 Budget

Money  and business  Economy News-Baghdad  On Monday, economic expert Nabil Al-Marsoumi revealed an exaggeration in the cost of exporting crude oil through the Kurdistan region.

Al-Marsoumi said in a post on Facebook, "The cost of transporting crude oil exported from Kurdistan in the 2023 budget = 1.428 trillion dinars, and the export rate from Kurdistan = 400,000 barrels per day, and the average cost of transporting a barrel of oil exported from Kurdistan = 9,781 dinars, or 7.52 dollars."

He added, "This figure is about 6 times greater than the cost of transporting Iraqi oil sourced south by sea," noting that "KAR Company owns (60%) of the pipeline that transports oil to the Fishkhabour area near the border with Turkey, while (KAR) returns." 40% of the ownership of the pipeline goes to the Russian company (Rosneft).

He explained, "According to the report of the American company (Deloitte), the fees for transporting a barrel of oil through the pipeline amounted to (4.4) dollars during the period (1/1/2019 until 30/6/2021)."

He pointed out that "the second half of 2021 witnessed an increase in the cost to (6.1) dollars per barrel."

Therefore, "the figure included in the 2023 budget to cover the fees for transporting Kurdistan's oil is exaggerated and represents an unjustified waste of public money." In the words of the economist.

https://economy-news.net/content.php?id=33781

How to Ease Your Kids Into Estate Planning

How to Ease Your Kids Into Estate Planning

Elizabeth Ayoola  Mon, April 24, 2023 NerdWallet

When parents talk with their kids at the dinner table, estate planning probably doesn’t come up. But considering we aren’t immortal, it should.

It’s worth having age-appropriate conversations to introduce children to the idea of estate planning. As children grow older, parents can provide more specifics about their plans and eventually assist their children in developing their own plans as adults.

Stay ahead of the market

Run them through your estate plan

If you have an estate plan in place, consider running your children through it so they have an idea of what’s included in one. Camelia Ruffin, an estate planning attorney and founder of The Ruffin Firm in Douglasville, Georgia, suggests parents do a very basic outline, which includes telling children what each document is and what it’s used for.

Talking through your estate plan also gives your children a chance to know important information such as who you’ve chosen as estate executive or administrator — the person who manages your estate after you die — and who has power of attorney for financial and health care decisions. If your children will be executors, that’s more reason to talk them through the plan.

Parents with underage kids may want to share information about who will take care of them if something happens prematurely. Ruffin says children should know whom to turn to and what the next steps are so they’re prepared.

“Parents either get really sick or die and they still have teenagers who don't know if it's going to be a grandparent, uncle, godparent or a family friend that's going to help guide them.”

 She adds, “It's very important for parents to talk to kids about money management budgets, what is set aside for them, and how to make sure money lasts them as long as possible and not to run through it.”

Adult children should know where important estate documents are such as the original will, trust, power of attorney, health care directive, and list of accounts and login information.

Estate planning isn’t just financial, it can also be an emotional affair. Coming to terms with mortality as a child or parent can be challenging, but remember it’s a way to care for yourself and your loved ones, says Nataki Appolon, an estate planning and business attorney at Warren & Warren Appolon in Huntington, New York.

“Estate-planning is self-care. You don't have all that anxiety around ‘God forbid something happens.’ ”

Explain the importance of an estate plan of their own

To continue reading, please go to the original article here:

https://www.yahoo.com/finance/news/ease-kids-estate-planning-200015659.html

"Tidbits From TNT" Tuesday Morning 4-25-2023

TNT:

Tishwash:  Parliament decides to extend the legislative term: no holiday until the budget is approved

 The Parliamentary Legal Committee confirmed, today, Tuesday, that the House of Representatives will not go into its legislative recess until after the budget law is approved.

Committee member Aref al-Hamami told (Baghdad Today) that "the House of Representatives will extend its legislative term, in order to legislate the budget law. .

Al-Hamami indicated that "the coming days will witness an accelerated movement in order to pass the budget law, and there is agreement and agreement on this matter."

He pointed out that "Parliament is currently working on making some amendments to the law, especially those related to reducing the fiscal deficit."

 Earlier, the Parliamentary Finance Committee revealed the date for voting on the financial budget law for the year 2023, while confirming the existence of a political agreement on that.

Committee member Jamal Cougar told (Baghdad Today): "After the end of the Eid al-Fitr holiday, the Parliamentary Finance Committee will re-discuss the notes on the budget law, and there will be negotiations between the blocs about the budget paragraphs as well as the financial deficit in it."

And Cougar stated, "The vote on the budget law will take place at the end of next month, and there is a political agreement on this matter among all parliamentary blocs within parliament, and we will work to reduce the financial deficit in the budget, to prevent economic consequences from occurring due to the current large deficit in the law." .

The House of Representatives had completed the second reading of the budget bill, and it is likely to be submitted to a vote after the Eid al-Fitr holiday.   link

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

CandyKisses:  Advisor Al-Sudani: Foreign currency reserves are high and at comfortable levels

Baghdad - Mawazine News

The financial advisor to Prime Minister Mazhar Mohammed Saleh confirmed on Tuesday that foreign currency reserves are high, safe and at comfortable levels, while noting that the value of safe transfers is currently estimated at 46 trillion dinars.

Saleh said, "The Central Bank currently has about 64 percent of the total internal public debt through secondary market operations, which are government debt instruments in the form of bonds and treasury transfers (that is, they are government borrowing tools that were deducted by local banks and are the primary holder before being deducted with the Monetary Authority), as banks, especially government, in different periods deducted their interest to the Central Bank and recovered their liquidity, which carries an annual interest ranging from 2-3 percent, and today they have become an integral part of assets or assets in the balance sheet of the Central Bank of Iraq."

He added that "the value of safe transfers in the possession of the Monetary Authority is estimated at about 46 trillion dinars currently," pointing out that "the reserves of foreign currency of the Central Bank of Iraq are at very comfortable levels, which are the highest in the country's financial history, which are not less than balances (in foreign exchange and gold) between 110 - 115 billion dollars, and at the same time constitute a percentage (coverage) of the issued cash currency (and according to the current exchange rate) of about 130 percent, which is a high and honest coverage."

He added that "monetary policy, by virtue of the fact that the Central Bank of Iraq is the government's financial advisor, and it is the one who coordinates and consults with the government under its law to ensure consistency and harmony with the joints of fiscal policy and other economic policies, any decision taken by the monetary authority to accept the discount or liquidation of any government debt instruments will inevitably be subject to accurate standard equations in the application of monetary policy tools and their operational objectives, within the framework of managing the liquidity of the economy and in a balanced manner with macroeconomic indicators, and in line with the independence of the Central Bank of Iraq." 

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

Tishwash:  Advisor to the Prime Minister: The value of treasury transfers is currently estimated at 46 trillion dinars

Today, Tuesday, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed that foreign currency reserves are high, safe and at comfortable levels, while he indicated that the value of treasury transfers is currently estimated at about 46 trillion dinars.

Saleh said to the official agency, followed by (Al-Oula News), that “the central bank is an independent authority and enjoys broad legal independence, as it is based on the Central Bank of Iraq Law No. Neither directly nor indirectly).

He noted that “the Central Bank is the authority to issue the national currency and maintain the stability of the value of the national currency and its purchasing power, and it has the freedom to intervene in the money market to impose stability and reduce inflation rates by controlling local liquidity levels, which are monetary operations that come within the operational objectives of monetary policy, and It is called (sterilization) procedures.

He added, "The central bank is responsible for managing the government's financial operations, as well as managing the country's foreign currency reserves according to the best methods of managing sovereign investment portfolios, and its standard evidence in terms of maximizing asset returns and avoiding all risks, whether legal, price and others."

He pointed out that “although the central bank, by virtue of its role in controlling local liquidity levels and controlling its flows to achieve stability in the growth of the money supply, it exercises secondary market operations in buying and selling securities in general and government ones in particular in order to manage general liquidity in the economy.” And controlling its levels and growth rates in a way that achieves monetary and price stability, and this is done through direct dealings with the national banking market exclusively.

And he continued, “The Central Bank currently possesses, through secondary market operations, about 64 percent of the total internal public debt, which are government debt instruments in the form of bonds and treasury transfers (that is, they are government borrowing tools that were discounted by local banks, and they are the primary holder of them before discounting them with the monetary authority). , As banks, especially government ones, at different periods deducted their interest with the Central Bank and regained their liquidity, and they carry an annual interest ranging between 2-3 percent, and today they have become an integral part of the assets or assets in the balance sheet of the Central Bank of Iraq.

And he added, "The value of treasury transfers in the possession of the monetary authority is estimated at about 46 trillion dinars currently," pointing out that "the foreign currency reserves of the Central Bank of Iraq are at very comfortable levels, which are the highest in the country's financial history, which are not less than balances (in foreign exchange and gold). ) between 110-115 billion dollars, and at the same time it constitutes a percentage (coverage) of the cash currency issued (and according to the current exchange rate) by about 130 percent, which is a high and safe coverage.

And he continued, “Monetary policy, and by virtue of the fact that the Central Bank of Iraq is the government’s financial advisor, and it is the one who coordinates and consults with the government in accordance with its law to ensure consistency and harmony with the joints of financial policy and other economic policies, any decision taken by the monetary authority in accepting a discount or liquidation of any government debt instruments will be subject to

There is no way for accurate standard equations in applying monetary policy tools and their operational objectives, within the framework of managing the liquidity of the economy in a balanced manner with macroeconomic indicators, and in a manner consistent with the independence of the Central Bank of Iraq.  link

Mot:  .... Ya Know its OK the RV Hasnt Happened Yet - but ----

Mot: .. Gunna beeee One of Those Daze!! ~~~~

Judy, MilitiaMan and more.....Tuesday AM 4-25-2023

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Mon. 24 April 2023

Compiled Mon. 24 April 12:01 am EST by Judy Byington

Recent History of GCR (RUMORS)

By Wed. 29 March the Iraqi Dinar had revalued in-country and was trading on the back screens internationally as a gold/asset-backed currency.

On Sat. 1 April the new Global Financial System became official, including the gold/asset-backed US Note.

As of Sun. 2 April Bond financing that funded the GCR, had been completed.

On Mon. 3 April Bond payouts began.

By Wed. 5 April the fiat Federal Reserve US Dollar was no longer accepted in any country except for the US, Canada and Mexico. Those three countries would accept it for about another three months as the world transitioned to gold/asset-backed currencies including the new gold/asset-backed US Treasury Note.

Thurs. 6 April: Dubai 1 working capital funds became liquid. In Iraq they began exchanging Iraqi Dinar at the new in-country rate.

By Mon. 10 April the Global Currency Reset had been fully funded; Dubai 2 groups of Sovereign Buyers started contracts with various trusts; large file sellers and funds were paying out to various entities and Chinese Bond Holders received their Q Cards from HSBC (from 12 versions of Chinese Bonds), with a promise that they would have access to 1% of funds on their Q Cards by Fri. 14 April.

The Chinese Elders, 5 Iraq representatives and a representative from 29 different countries whose currencies were all going up in value, were in Reno for the GCR launch – that happened one minute after midnight Fri. morning 14 April, when the GCR Codes were released. That same morning Bond Holders and US Native Americans received their first payment of 1% of their payout.

On Sunday 16 April the shift to all things Quantum began. All banks around the world were connected to and using the QFS (Quantum Financial System) exclusively. Any bank that attempted to transfer money via SWIFT and not have a digital certification attached to each transfer, would lose its ability to be in the banking/ financial industry. This was about putting a final nail in the coffin for “Money Laundering” and wrongdoing. 

By Mon. 17 April the World Bank had published the Global Currency Reset release codes and Central Banks were trading the new US Treasury gold/asset-backed Note.

By Tues. 18 April full Liquidity had been released for the GCR, plus all GCR participating countries were transitioning to NESARA/GESARA and their own gold/asset-backed currencies. Iraqi ATVs were activated Tues. morning 18 April.

Bond sellers received their Q cards Wed. 19 April, the others did on Thurs. 20 April.

On Thurs. 20 April the Iraqi Stock Market stopped it’s activity for five days.

Benjamin Fulford:

After the 10 days of Communication Darkness, we would then connect to a new Quantum Internet.

Old systems of Government, Education, Finance, Health, Trade and Commerce etc., would be dismantled and replaced.

Read full post here:  https://dinarchronicles.com/2023/04/24/restored-republic-via-a-gcr-update-as-of-april-24-2023/

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

Courtesy of Dinar Guru

Frank26  What was once my opinion is now fact...the articles are coming from people we want to talk to.  Who?  The governor of the Central Bank of Iraq.  He's talking like a parrot on steroids! ...the prime minister of Iraq Sudani...is talking like he's drunk!  What are they talking about?  The monetary reform.  The exchange rate of the Iraqi dinar.  The national currency...  

Militia Man  Al-Sudani the Prime Minister has said hold your dinar because they're going to be stronger than the dollar... When they say they're going to make it to be 1.5 times it means that the 1310 official rate is no longer going to be the official rate.  They're going to adjust it 1.5 times...  .000763367 is going to be .001 or close.  That means 1310 becomes 837 real close.  As they do that it creates an environment that the dollar becomes less valuable to the dinar...it's going to be harder and harder for the black market...It's coming to a head...the black market is going bye-bye.

Capital Movement - Freedom of Trade- Deposit Guarantee Company-

MilitiaMan and Crew:  4-25-2023

https://www.youtube.com/watch?v=YB-RAxB7QQU

Monday Night KTFA CC With Frank26 "The Two Sentences" 4-24-2023

KTFA

Monday Night Conference Call

Frank26:  THE TWO SENTENCES

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE

https://www.youtube.com/watch?v=T82vu0oo938