Iraqi News Highlights and Points to Ponder Tuesday AM 2-20-24
Iraqi News Highlights and Points to Ponder Tuesday AM 2-20-24
For These Reasons... Economic Expectations For The Budget Deficit To Rise To 90 Trillion Dinars
Money and business Economy News – Baghdad Today, Tuesday, economic expert Nabil Al-Marsoumi suggested that the deficit in the 2023 budget will rise to about 90 trillion dinars.
Al-Marsoumi said in a post on Facebook, followed by Al-Iqtisad News, that “it is expected that the planned deficit in the 2023 budget will reach about 90 trillion dinars,” explaining the reason, as “a result of the rise in public expenditures to 225 trillion dinars while revenues remain.” The public at the level of 134 trillion dinars.
He explained, "The danger of this deficit is that it will be financed from internal and external borrowing after the surplus achieved in 2022, amounting to 22 trillion dinars, was exhausted in covering the actual deficit in the budget."
Iraqi News Highlights and Points to Ponder Tuesday AM 2-20-24
For These Reasons... Economic Expectations For The Budget Deficit To Rise To 90 Trillion Dinars
Money and business Economy News – Baghdad Today, Tuesday, economic expert Nabil Al-Marsoumi suggested that the deficit in the 2023 budget will rise to about 90 trillion dinars.
Al-Marsoumi said in a post on Facebook, followed by Al-Iqtisad News, that “it is expected that the planned deficit in the 2023 budget will reach about 90 trillion dinars,” explaining the reason, as “a result of the rise in public expenditures to 225 trillion dinars while revenues remain.” The public at the level of 134 trillion dinars.
He explained, "The danger of this deficit is that it will be financed from internal and external borrowing after the surplus achieved in 2022, amounting to 22 trillion dinars, was exhausted in covering the actual deficit in the budget."
The Iraqi Parliament voted on Monday (June 12, 2023) on the federal budget law for the years 2023, 2024, and 2025, after discussions that lasted for five days.
The value of the budget for last year was 197 trillion and 828 billion Iraqi dinars (about 152.2 billion dollars), with a total deficit amounting to 63 trillion dinars (48.3 billion dollars), while the budget items for 2023 and 2024 have not been published.
166 views 02/20/2024 - https://economy-news.net/content.php?id=40671
Iraq Stock Exchange: Tomorrow The Deposit Of Government Emaar Bonds Will Begin
Iraq Stock Exchange Market Economy News – Baghdad The Iraq Stock Exchange announced the start of the process of creating the first “Emar” issuance bonds, starting on Tuesday, February 20, 2024.
Director of the Iraq Stock Exchange, Taha Abdul Salam, told Al-Iqtisad News, “This step comes after the completion of technical procedures in the market, and based on the decision of the Securities Commission and the decision of the Board of Governors to list, deposit, and trade Emaar’s first issuance bonds for all their categories.”
He added that trading on the bonds will be launched as of March 19, 2024, noting that the bonds are divided into a category of 500 thousand dinars for a period of two years maturing on 10/9/2025 with an annual interest (6%) paid every six months, and the second category is one million dinars for a period of four years. It matures on 10/9/2027 with annual interest (8%) paid every six months.
He stressed that the instructions for listing, depositing and trading government bonds are that trading in the market takes place according to the category of the bond on the bond platform and that the rate of change in the rise and fall of the bond price is 5% based on the price calculated for the bond on that day during the issuance period.
He pointed out that the minimum commission for the brokerage company is 1,000 dinars, and the commission rate is 0.003 of the value of the bond when trading, and the market commission is 0.3%.
259 views 02/19/2024 - https://economy-news.net/content.php?id=40658
There Are Two Main Reasons Behind The Possibility Of The Budget Deficit Rising To 90 Trillion Dinars
Economy |Baghdad today – Baghdad Today, Tuesday (February 20, 2024), economist Nabil Al-Marsoumi suggested that the deficit in the 2023 budget will rise to about 90 trillion dinars.
Al-Marsoumi said in a post on Facebook, followed by Baghdad Today, that “it is expected that the planned deficit in the 2023 budget will reach about 90 trillion dinars,” explaining the reason, as “a result of the rise in public expenditures to 225 trillion dinars while revenues remain.” The public at the level of 134 trillion dinars.
Al-Marsoumi explained, “The danger of this deficit is that it will be financed from internal and external borrowing after the surplus achieved in 2022, amounting to 22 trillion dinars, was exhausted in covering the actual deficit in the budget.”
The Iraqi Parliament voted on Monday (June 12, 2023) on the federal budget law for the years 2023, 2024, and 2025, after discussions that lasted for five days.
The value of the budget for last year amounted to 197 trillion and 828 billion Iraqi dinars (about 152.2 billion dollars), with a total deficit amounting to 63 trillion dinars (48.3 billion dollars), while the provisions of the budgets for the years 2023 and 2024 have not been published. LINK
Learn About The Decisions Taken At The Sixth Session Of The Ministerial Council For The Economy
Deputy Prime Minister and Minister of Planning Mohammed Tamim
Economy News – Baghdad Deputy Prime Minister and Minister of Planning Mohammed Tamim chaired, on Monday, the sixth session of the Ministerial Council for the Economy for the year 2024.
The Council's media office said in a statement received by Al-Iqtisad News, "The Council discussed the items on its agenda and took the appropriate decisions regarding them."
The statement added, "The Council hosted the head of the Supreme Commission for Coordination between the Governorates, the head of the special committee to study the sold and leased projects of the Ministry of Agriculture, and it also hosted the Undersecretary of the Ministry of Planning. The Council listened to an explanation provided by the Chairman of the Commission about those projects, the obstacles and problems that hinder their completion, and the recommendations for transferring federal powers to the governorates." .
The Council confirmed, according to the statement, that it “decided to form a committee headed by the Technical Undersecretary of the Ministry of Planning and membership of the Supreme Commission for Coordination between the Governorates and the concerned authorities to study these projects and provide a full evaluation of them.”
The statement continued, "The Council hosted the Prime Minister's Advisor for Technical Affairs, Chairman of the Customs Order Committee for studying Iraq's foreign loans and debts, and the Council decided that the above committee should study all projects financed by foreign loans and submit a detailed report on the completion rates for those projects and the technical and legal problems, if any, to the Ministerial Council for the Economy." to decide.” 02/19/2024 https://economy-news.net/content.php?id=40660
Iraq Applies To Host The Arab Summit In 2025 And Announces A Plan To Rehabilitate Infrastructure
Government palace in Baghdad Reconstruction and building
The Iraqi government spokesman, Basem Al-Awadi, announced today that Iraq has submitted a request to host the 2025 Arab Summit in the capital, Baghdad.
Al-Awadi explained in a press statement that the government seeks to complete the components of hosting the summit, in a way that suits the guests who are leaders of Arab countries, in accordance with diplomatic norms and in accordance with the status and reputation of the host country.
Al-Awadi pointed out that the isolation that Iraq suffered during the dictatorial regime, and our war against terrorism throughout the past era, did not provide the opportunity to rehabilitate the state’s basic infrastructure, allowing it to host important and large regional and global events.
Al-Awadi pointed out that the government has decided to comprehensively rehabilitate some of the presidential complexes, which include a number of major guest houses that were previously occupied by some ministers and representatives, which made them in need of a comprehensive maintenance and rehabilitation process.
Al-Awadi confirmed that the Ministry of Construction and Housing had prepared the required statements in accordance with their price and technical specifications, and the Ministry of Planning presented them to the Council of Ministers for approval, and approval was obtained by the esteemed Council’s decision on 2/7/2024.
Al-Awadi appealed to the media to be accurate in conveying information and to miss the opportunity for those who seek to falsify the facts and harm the reputation of our dear country.
977 views 02/19/2024 - 10:33 PM https://economy-news.net/content.php?id=40659
Iraq Stock Exchange: Tomorrow the deposit of government Emaar bonds will begin
Iraq Stock Exchange Market Economy News – Baghdad The Iraq Stock Exchange announced the start of the process of creating the first “Emar” issuance bonds, starting on Tuesday, February 20, 2024.
Director of the Iraq Stock Exchange, Taha Abdul Salam, told Al-Iqtisad News, “This step comes after the completion of technical procedures in the market, and based on the decision of the Securities Commission and the decision of the Board of Governors to list, deposit, and trade Emaar’s first issuance bonds for all their categories.”
He added that trading on the bonds will be launched as of March 19, 2024, noting that the bonds are divided into a category of 500 thousand dinars for a period of two years maturing on 10/9/2025 with an annual interest (6%) paid every six months, and the second category is one million dinars for a period of four years. It matures on 10/9/2027 with annual interest (8%) paid every six months.
He stressed that the instructions for listing, depositing and trading government bonds are that trading in the market takes place according to the category of the bond on the bond platform and that the rate of change in the rise and fall of the bond price is 5% based on the price calculated for the bond on that day during the issuance period.
He pointed out that the minimum commission for the brokerage company is 1,000 dinars, and the commission rate is 0.003 of the value of the bond when trading, and the market commission is 0.3%.
259 views 02/19/2024 - 10:24 PM https://economy-news.net/content.php?id=40658
News, Rumors and Opinions Tuesday AM 2-20-2024
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 Tues. 20 Feb. 2024
Compiled Tues. 20 Feb. 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Mon. 19 Feb. MarkZ: “I have a couple of Bond People who are expecting an update early Tues. 20 Feb. They are expecting 1%. There’s a lot of speculation that it could go by Tues. 20 Feb. I was told that their goal is by Tues. 20 Feb, but I could live with 10 days or by the end of February.
Thurs. 15 Feb. Bruce: There could be an EBS announcement anywhere from Fri. 16 Feb. to Fri. 23 Feb.
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 Tues. 20 Feb. 2024
Compiled Tues. 20 Feb. 2024 12:01 am EST by Judy Byington
Global Currency Reset: (RUMORS)
Mon. 19 Feb. MarkZ: “I have a couple of Bond People who are expecting an update early Tues. 20 Feb. They are expecting 1%. There’s a lot of speculation that it could go by Tues. 20 Feb. I was told that their goal is by Tues. 20 Feb, but I could live with 10 days or by the end of February.
Thurs. 15 Feb. Bruce: There could be an EBS announcement anywhere from Fri. 16 Feb. to Fri. 23 Feb.
Fri. 2 Feb. The Iraqi Stock Exchange (ISX) completed their linkup of international platforms and were live: https://dinarevaluation.blogspot.com/2024/02/rv-update-by-walkingstick-2-feb.html
NESARA implements the following changes:
Zeros out all credit card, mortgage, and other bank debt due to illegal banking and government activities. This is the Federal Reserve’s worst nightmare: a “jubilee” or a forgiveness of debt.
Abolishes the income tax
Abolishes the IRS. Employees of the IRS will be transferred into the US Treasury national sales tax area.
Creates a 14% flat rate non-essential ‘new items only’ sales tax revenue for the government. In other words food and medicine will not be taxed; nor will used items be taxed such as old homes.
Increases benefits to senior citizens
Creates a new U.S. Treasury, ‘rainbow currency,’ backed by gold, silver, and platinum precious metals, ending the bankruptcy of the United States initiated by Franklin Roosevelt in 1933.
Initiates new U.S. Treasury Bank System in alignment with Constitutional Law
Eliminates the Federal Reserve System. During the transition period the Federal Reserve will be allowed to operate side by side of the U.S. treasury for one year in order to remove all Federal Reserve notes from the money supply.
Restores financial privacy.
Retrains all judges and attorneys in Constitutional Law.
Establishes peace throughout the world.
Releases enormous sums of money for humanitarian purposes.
Read full post here: https://dinarchronicles.com/2024/02/20/restored-republic-via-a-gcr-update-as-of-february-20-2024/
************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Jeff Article: "Sudanese Advisor: Iraq is on the cusp of a transitional stage in the development of promising economies globally" Yeah, because they're about to revalue and go international...It is right in front of our faces...It's almost here. They needed the first quarter to prepare for it after achieving stability from the December elections. March is critical to us...
Militia Man Article quote "...Iraq will return to being a strong economic player." If they're not a strong economic player at 1310 why would they be tomorrow? ...Iraq's not going to go international until they show us a Real Effective Exchange Rate. I'm looking forward to it. I think it's going to be powerful.
MARKETS A LOOK AHEAD: What Are YOUR THOUGHTS On This?
Greg Mannarino: 2-19-2024
MilitiaMan: Iraqi Dinar - IQD - J.P. Morgan Bank - Trade Bank of Iraq - Maximize Value Chains - Global Economy
Iraqi Dinar - IQD - J.P. Morgan Bank - Trade Bank of Iraq - Maximize Value Chains - Global Economy
MilitiaMan and Crew: 2-19-2024
The Crew: Samson, PompeyPeter, Petra, Angel1, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Iraqi Dinar - IQD - J.P. Morgan Bank - Trade Bank of Iraq - Maximize Value Chains - Global Economy
MilitiaMan and Crew: 2-19-2024
The Crew: Samson, PompeyPeter, Petra, Angel1, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Currency Insider Iraqi Dinar - Dong Updates Monday Evening 2-19-24
Currency Insider Iraqi Dinar - Dong Updates Monday Evening 2-19-24
Iraqi Dinar Exchange Rates Latest - 1:20
Iraqi Dinar RV Good News From World Bank – 2:04
Iraq Introducing New Currency - 2:31
Currency Insider Iraqi Dinar - Dong Updates Monday Evening 2-19-24
Iraqi Dinar Exchange Rates Latest - 1:20
Iraqi Dinar RV Good News From World Bank – 2:04
Iraq Introducing New Currency - 2:31
Iraqi Dinar Exchange Rates Latest - 1:20
Iraqi Dinar RV Good News From World Bank – 2:04
Iraq Introducing New Currency - 2:31
KTFA Monday Night CC : " FRANK26….2-19-24…..DETERMINED !!!"
KTFA
Monday Night Conference Call
FRANK26….2-19-24…..DETERMINED !!!
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… ORANGE= IMPLEMENTATION
KTFA
Monday Night Conference Call
FRANK26….2-19-24…..DETERMINED !!!
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… ORANGE= IMPLEMENTATION
Goldilocks' Comments and Global Economic News Monday Evening 2-19-24
Goldilocks' Comments and Global Economic News Monday Evening 2-19-24
Good Evening Dinar Recaps,
From last night!
"The World's First Gold Standard Digital Currency - BDTCOIN"
More on this coming...
© Goldilocks
~~~~~~~~~~
BDTCOIN is an exclusive Gold standard digital currency revolutionizing the global finance with multiple financial players, a dynamic cutting-edge blockchain built with QUANTUM-resistant protocols and DeFi Ecosystem.
Bdtcoin is an emerging digital currency in the digital world, introduced at the end of 2022. Unlike other traditional digital currencies that are not backed by any physical assets, Bdtcoin is backed by Gold and not any fiat currency worldwide, giving it a unique advantage in the market.
As a digital store of value and medium of exchange, BDTCOIN blockchain facilitates a new revolutionary DeFi ecosystem with multiple financial players for its users worldwide to control their own money and data. This has enabled greater access to financial services, lower costs, faster transactions, and more financial freedom overall its users.
~~~~~~~~~~
Goldilocks' Comments and Global Economic News Monday Evening 2-19-24
Good Evening Dinar Recaps,
From last night!
"The World's First Gold Standard Digital Currency - BDTCOIN" Investing BDTCOIN
More on this coming...
© Goldilocks
~~~~~~~~~~
BDTCOIN is an exclusive Gold standard digital currency revolutionizing the global finance with multiple financial players, a dynamic cutting-edge blockchain built with QUANTUM-resistant protocols and DeFi Ecosystem.
Bdtcoin is an emerging digital currency in the digital world, introduced at the end of 2022. Unlike other traditional digital currencies that are not backed by any physical assets, Bdtcoin is backed by Gold and not any fiat currency worldwide, giving it a unique advantage in the market.
As a digital store of value and medium of exchange, BDTCOIN blockchain facilitates a new revolutionary DeFi ecosystem with multiple financial players for its users worldwide to control their own money and data. This has enabled greater access to financial services, lower costs, faster transactions, and more financial freedom overall its users. Investing The GWW
~~~~~~~~~~
"What Would Make the Federal Reserve Raise or Lower Interest Rates?"
There really isn't a reason for the Feds to raise or lower interest rates at this point. Even with inflation data coming in higher, the markets are just simply bouncing back.
Price distortions have created Market correlations that no longer apply as they once did. The manipulation of the market and the momentum of the market have simply created price patterns that no longer apply to meaningful data anymore.
In other words, momentum is doing better than real asset prices due to longstanding manipulation of the markets.
The markets have become unpredictable causing many traders to move forward with caution, and some have pulled away altogether to invest in digital assets and gold.
In other words, our Global Markets are now leading the way over and beyond human control. There are still some events that can bring it down, so we can replace it and reset it with the new digital economy such as:
* A huge spike in oil
* Government credit default
* A worldwide recession which is already taking place
* More war
* BRICS influence
* Weather events
* A commercial Banking default
* Inflation
* Wage growth
* Geopolitics
* And, supply chain disruptions
These factors, even one, have the ability to cause an imbalance so great in the market that a return to normalcy will no longer be possible.
These and many other reasons are why a Global Currency Reset inside a new Digital Economy is happening. Investing
© Goldilocks
~~~~~~~~~~
Look for market prices to begin the process of moving into real values when Protocol 20 starts.
Many of our assets are over-inflated, some of these assets will be higher than you may think and others will go lower.
It is important to keep an open mind during this process of movement into real values.
We are about to have real-world assets with real-world values placed on them inside a digital asset-based trading system.
Adjustments are forthcoming and to be expected going forward. This is a Global adjustment. Know you are not alone.
© Goldilocks
~~~~~~~~~~
👆 Traders are already anticipating this move and making adjustments accordingly.
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"USI MONEY AND ENJAZ SIGN STRATEGIC PARTNERSHIP TO INTRODUCE PAYMENT INNOVATION"
Real-time instant payment systems are coming to the Kingdom of Saudi Arabia. This will service the needs of the Middle East and other countries across the globe choosing to settle their payments in local currencies.
This new digital payment system will begin the process of leveling the playing field between countries that have been settling their accounts in dollars for a long time.
We are living in a new age. Countries want their power back, and they are getting it. Gold will support their new Digital Financial System through virtual assets creating values to their own currencies not seen in a long time. PR Newswire
© Goldilocks
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New Protocol 20 Vote Set for February 20 | Stellar
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Jeff Bezos sells $2 billion worth of Amazon stock | Fox Business
👆 Has the market topped?
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I realize that tomorrow is February the 20th, 2024. It is the day that Protocol 20 begins. The expansion of the stellar platform will bring in new opportunities, and over time, it will bring in more abundance.
We do not focus on dates in this room or rates, but we will notice changes that have been made on certain days begin to bring in more and more liquidity in the assets we hold inside this new digital asset-based trading system.
© Goldilocks
~~~~~~~~~~
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Thank you Dinar Recaps
Iraq Economic News and Points to Ponder Monday Afternoon 2-19-24
Iraq Economic News and Points to Ponder Monday Afternoon 2-19-24
Tlm724 Administrator Bondlady’s Corner
The Stability Of The Dollar Exchange Rates In Baghdad With The Closure Of The Stock Market
Economy Monday, February 19, 2024 Baghdad/National News Center The prices of the US dollar stabilized against the Iraqi dinar in Baghdad, today, Monday, in Baghdad, with the stock market closed.
The National News Center correspondent said, “Dollar prices stabilized with the closure of the main Kifah and Harithiya stock exchanges in Baghdad, recording 152,200 Iraqi dinars for 100 dollars, which are the same prices recorded in the morning.”
He added, “Selling prices in exchange shops in local markets in Baghdad stabilized, as the selling price reached 152,500 dinars for 100 dollars, while the purchase price reached 151,500 dinars for 100 dollars.”
Iraq Economic News and Points to Ponder Monday Afternoon 2-19-24
Tlm724 Administrator Bondlady’s Corner
The Stability Of The Dollar Exchange Rates In Baghdad With The Closure Of The Stock Market
Economy Monday, February 19, 2024 Baghdad/National News Center The prices of the US dollar stabilized against the Iraqi dinar in Baghdad, today, Monday, in Baghdad, with the stock market closed.
The National News Center correspondent said, “Dollar prices stabilized with the closure of the main Kifah and Harithiya stock exchanges in Baghdad, recording 152,200 Iraqi dinars for 100 dollars, which are the same prices recorded in the morning.”
He added, “Selling prices in exchange shops in local markets in Baghdad stabilized, as the selling price reached 152,500 dinars for 100 dollars, while the purchase price reached 151,500 dinars for 100 dollars.” https://nnciraq.com/251136/
Oil Prices Decline In Weak Transactions Due To A Public Holiday In America
Monday 19, February 2024 | Economical Number of readings: 298 Baghdad / NINA / Oil prices fell in early transactions, Monday, as markets absorbed comments from US Federal Reserve officials, indicating caution before a possible interest rate cut, while transactions were weak on a public holiday in the United States.
By dawn on Monday, Brent crude futures fell 58 cents, or 0.69 percent, to record $82.89 per barrel, and West Texas Intermediate crude futures fell 35 cents, or 0.44 percent, to $78.84 per barrel.
Markets are still awaiting the trend of demand from China after the country's return from the week-long Lunar New Year holiday, while transactions remained weak due to the Presidents Day holiday in the United States.
After a week of disappointing US economic data, which indicated an increase in prices and a decline in retail sales and factory production, decision-makers at the US Central Bank hinted at “slowness” in reducing interest rates.
Higher interest rates would keep the cost of purchasing oil high, which sets the stage for a downward trend in the market./End 9 https://ninanews.com/Website/News/Details?key=1108461
International Migration: We Contribute With The Iraqi Government To Implement Economic Recovery Programs
Money and business Economy News – Baghdad On Monday, the International Organization for Migration mission clarified its role in Iraq, while noting its cooperation with the Iraqi government to implement economic recovery programs and support community integration.
The head of the organization’s mission in Iraq, Georgi Jikawi, said, “The mission is working with the Ministry of Migration and Displacement as a competent sectoral body to support its steps in implementing the voluntary and safe return of the displaced, starting with humanitarian aid, camp management, and voluntary and safe return,” according to the official agency.
Regarding the return of Iraqi immigrants, Jikawi explained, “The role of the International Organization for Migration begins when they return to Iraq, and it has no role while they are in Europe,” indicating that “the organization contributes, in cooperation with the Iraqi government, to implementing economic recovery programs and supporting community integration again.”
Views 72 02/19/2024 - https://economy-news.net/content.php?id=40639
The Federation Of Chambers Of Commerce Calls On The Government To Make Way For The Private Sector
Money and business Economy News – Baghdad The head of the Federation of Chambers of Commerce, Abdul Razzaq Al-Zuhairi, confirmed that Iraq's economy needs to be liberalized by the government and make way for the private sector.
Al-Zuhairi said, in his speech during the Iraqi National Trade Forum, that the Iraqi private sector is witnessing great growth and is capable of establishing large projects in various sectors, including building power plants, residential complexes, and others.
He added that the private sector needs legislation, especially since government stability will lead to the liberalization of the private sector.
He explained that 70% of private sector companies access the dollar platform at the Central Bank on a daily basis. Views 80 02/19/2024 - https://economy-news.net/content.php?id=40627
Iraq Confirms To The World Bank Its Intention To Promote Reforms Related To Financial Policies
Local | 02/19/2024 Mawazine - Baghdad - Today, Monday, the Minister of Finance, Taif Sami Muhammad, received Winston Cole, Director of the Financial Management Project at the World Bank, and members of the delegation accompanying him. The
Ministry’s media office stated in a statement received by Mawazine News that “during the meeting, aspects of relations between Iraq and the Bank were reviewed.” International cooperation, especially in light of the existing cooperation program to complete the implementation of the economic reforms adopted by the Iraqi government.”
He added that Taif expressed “appreciation for the fruitful partnership between the two sides, stressing the Iraqi government’s keenness to continue it, and the positive climate it provides for all investors and global financial markets regarding the Iraqi economy, stressing at the same time the Iraqi government’s determination to continue promoting structural reforms related to financial and monetary policies and maximizing the role of The private sector in development.
Cole pointed out, "The World Bank looks forward to continuing the distinguished cooperation relations with Iraq and its support for its economic reforms, praising the performance of the Iraqi economy and the flexibility and steadfastness it has shown in the face of the negative repercussions resulting from global economic fluctuations, and stressing the Bank's continued strengthening of joint work with the Iraqi government to improve overall indicators."
"For the economy, deepening the participation of the private sector and completing the ongoing development work." https://www.mawazin.net/Details.aspx?jimare=242368
To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/
Monday Evening Chat with MarkZ 2-19-2024
Monday Evening News with MarkZ
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
Member: Good evening everyone!
I’m loving ithe fact that SO many people are under NDA! That ALONE is HUGE! I’m loving the news over the last few days!
Member: I heard that this has to happen before Ramadan, or we wait at least another month.
Mod: RAMADAN IS MARCH 10 TO APRIL 9
Monday Evening News with MarkZ
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
Member: Good evening everyone!
I’m loving ithe fact that SO many people are under NDA! That ALONE is HUGE! I’m loving the news over the last few days!
Member: I heard that this has to happen before Ramadan, or we wait at least another month.
Mod: RAMADAN IS MARCH 10 TO APRIL 9
Member: Ramadan, the ninth month of the Muslim calendar, is one of the most sacred times for Muslims.
Member: Nadar just posted a video saying they wont do anything with exchange rate in month of ramadon its against their religion.. so we have until like march 10 for this to happen or we wait till May
Member: I don't think Ramadon matters myself
MZ: Nader is right that they have a serious sepeeration between church and business. But I guarantee you they would love to have it before Ramadan. The people would love to have that prosperity going into the down time.
Member: Kuwait revalued on March 25 1991 and I believe it was during Ramadan.
MZ: “Arab states restrict US ability to attack Iran’s allies in Iraq and Syria- Politico” seems like they want the US out of the region. One of the key things we have been told to get the US to leave is a change in value of the dinar.
MZ: “Time’s Up-Threats won’t prevent US ouster from Iraq after years of occupation” All eyes in Iraq are glued to the negotiations between American officials and Sudani to end the long military occupation of Iraq. This is a long one but lots of background as to why the push now. They not only want the military out but economic freedom from the US and the US banking sector. .
Member: If Iraq joins BRICS…..things might be a lot better for them down the road.
Member: I read the Us is trying to send more troops to Iraq.
MZ: I believe Iraq will force the issue soon and the US will be faced with either leaving with some pride or declaring world war 3.
MZ: “Minister of Finance of the World Bank –The Government is determined to reform Iraqi Monetary policies” A lot coming out about all the policies of financial reform and restoring the rate of the dinar.
MZ: I know we are all tired of hearing of all this progress and we still cannot go to the bank. Imagine how frustrated the Iraqi citizens feel? But we are watching steady progress towards Iraq’s reinstatement and/or revaluation.
MZ: I still think its going to be revaluation….but a reinstatement would be easier for them
Member: I understand that watching Iraqi dinar is an easy indicator if how close the RV is, but aren’t the Chinese Elders the key to getting the release of the RV not the CBI in Iraq.?
Member: If Elders are in charge of the GCR…then CBI is in charge of the RV
Member: Awake-In-3D had a good ones in Recaps about the Chinese Elders…well worth a read for sure.
Member: Every second we are closer and closer. Thank you God for these blessings we are about to receive.
Zester joins the stream today. Please listen to the replay for his opinions and information
THE CONTENT IN THIS PODCAST IS FOR GENERAL& EDUCATIONAL PURPOSES & NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY”
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The Role of GCR Elders and Their Humanitarian Cause – Including BRICS : Awake-In-3D
The Role of GCR Elders and Their Humanitarian Cause – Including BRICS
On February 18, 2024 By Awake-In-3D
In RV/GCR
At the core of the Global Currency Reset initiative is a group unlike any other in the financial world: the Elders and strategic allies forming within BRICS.
The Elders, stewarding vast gold reserves intended for the betterment of humanity, represent a stark departure from the typical players in global finance.
Their approach is not driven by profit or power but by a commitment to humanitarian benefit and the spiritual legacies of their families and peoples.
Their plan to use gold reserves for backing currencies and supporting global economic and humanitarian initiatives is underpinned by a philosophy of stewardship rather than financial domination.
The Role of GCR Elders and Their Humanitarian Cause – Including BRICS
On February 18, 2024 By Awake-In-3D
In RV/GCR
At the core of the Global Currency Reset initiative is a group unlike any other in the financial world: the Elders and strategic allies forming within BRICS.
The Elders, stewarding vast gold reserves intended for the betterment of humanity, represent a stark departure from the typical players in global finance.
Their approach is not driven by profit or power but by a commitment to humanitarian benefit and the spiritual legacies of their families and peoples.
Their plan to use gold reserves for backing currencies and supporting global economic and humanitarian initiatives is underpinned by a philosophy of stewardship rather than financial domination.
The Elders’ vision transcends mere economic reform. It is imbued with a spiritual dimension, reflecting a deep understanding of the interconnectedness of all life and the responsibility that comes with great wealth.
Their plan to use gold reserves for backing currencies and supporting global economic and humanitarian initiatives is underpinned by a philosophy of stewardship rather than financial domination. This philosophy acknowledges the historical accumulation of wealth through centuries of conflict and aims to rectify past injustices by redistributing this wealth for the public good.
The Elders’ approach challenges the prevailing economic orthodoxy, advocating for a system that values integrity, transparency, and the welfare of all beings.
This shift represents a significant turning point in human history, offering a path away from greed-driven economics towards a model that honors our collective heritage and responsibility to future generations.
However, the successful implementation of their vision requires vigilance. All of us must endeavor to ensure that the transition to an asset-backed financial system does not replace one form of domination with another.
The Elders’ commitment to using their wealth for humanitarian purposes must be carefully monitored to prevent the emergence of new hierarchies or forms of exploitation.
In embracing the Elders’ proposal, we are not just agreeing to a financial reset; we are endorsing a fundamentally different way of relating to wealth, power, and each other.
This path invites us to imagine a world where financial systems serve the highest good, reflecting the spiritual and ethical values that many of us aspire to live by.
Global Impact, BRICS and What Lies Ahead
The global impact of the Global Currency Reset (GCR) spearheaded by the Elders and their allies is monumental. It signals a shift from a world financial economy dominated by debt and speculative finance (the casino banking structure) to one grounded in real assets and equitable distribution of wealth.
The BRICS alliance represents a significant move towards this new financial paradigm.
This transition is not just about changing the way money is created and valued; it’s about redefining the principles that underpin our global economy.
The BRICS alliance represents a significant move towards this new financial paradigm.
By challenging the dominance of Western financial institutions and proposing alternatives like the New Development Bank, a new cross-border payment system (BRICS PAY), the Shanghai Gold Exchange, non-dollar oil and gas trade, and possibly creating their own common trade currency, the BRICS alliance underscores the growing dissatisfaction with the dominant Western financial system and the desire for economic independence.
Also see: New BRICS PAY System: How BRICS Will Reset Global Currency Power
Moreover, the existence of the Asian gold troves, long sought after and contested by various Western powers, adds a tangible dimension to the GCR.
These gold reserves, real and substantial, offer a stark contrast to the non-tangible nature of fiat currency, illustrating the possibility of a more stable and sustainable economic foundation.
Also see: GCR Origins (Part 2): Project Hammer’s Secret Trading Platforms for WW2 Off-Ledger Gold
However, the transition to a new financial system is fraught with uncertainties. The timing and specifics of such a monumental shift are inherently unpredictable.
The role of individuals and communities in this financial transition cannot be overstated. The ultimate success of the GCR will depend on the engagement and vigilance of the global citizenry.
Yet, the undeniable fact remains that the global fiat currency debt system will collapse with mathematical certainty.
The question to ask is, “what will replace the current system once it reaches its logical conclusion (crash)?”
Also see: The Connection Between Inflation, Financial Collapse and Our GCR
Key developments, such as the introduction of US Treasury gold-backed dollar and the restructuring of banking practices remain in flux. The introduction of Our GCR remains dependent on a complex interplay of geopolitical, economic, and social factors ongoing to this day.
Despite these uncertainties, there is a palpable sense of momentum towards change.
The anecdotal evidence and investigative information that have come to light recently lend credibility to the notion that a global financial reorganization is underway.
Also see: Europe’s Gold Agreement and Plans for a Gold Standard Currency (Part 1)
This reorganization aims to restore balance and integrity to a system long plagued by exploitation and inequality.
The role of individuals and communities in this process cannot be overstated. The ultimate success of the GCR will depend on the engagement and vigilance of the global citizenry.
It is up to us to stay informed, to question the status quo, and to advocate for a financial system that serves the many rather than the few.
The challenges are significant, but so are the opportunities.
To be concluded in Part 4: Final Thoughts on the GCR Today
© GCR Real-Time News
Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
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This is the fourth segment of the GCR Origins article series. Previous segments can be found here: Part 1, Part 2, and Part 3.
https://ai3d.blog/the-role-of-gcr-elders-and-their-humanitarian-cause-including-brics/
"Tidbits From TNT" Monday 2-19-2024
TNT:
CandyKisses: 26 international companies express their desire to participate in the implementation of the Baghdad metro project
Baghdad Today - Baghdad
Today, Monday (February 19, 2024), 26 international companies from six countries expressed their desire to participate in the implementation of the Baghdad metro project.
The media office of the Sudanese in a statement received by "Baghdad Today", that "Prime Minister Mohammed Shia Sudani, received on Monday morning, representatives of the Chinese company (China Railway), which implements the project to develop the Eagles Square in central Baghdad, within the first package of projects to break traffic jams in the capital, Baghdad."
He explained that "the Chinese company, during the meeting, which was attended by a number of advisors to the Prime Minister, gave an explanation of its capabilities and capabilities that enable it to participate in the implementation of the Baghdad metro project, which was recently announced, and the expertise available to it to contribute to the implementation of this important vital project."
TNT:
CandyKisses: 26 international companies express their desire to participate in the implementation of the Baghdad metro project
Baghdad Today - Baghdad
Today, Monday (February 19, 2024), 26 international companies from six countries expressed their desire to participate in the implementation of the Baghdad metro project.
The media office of the Sudanese in a statement received by "Baghdad Today", that "Prime Minister Mohammed Shia Sudani, received on Monday morning, representatives of the Chinese company (China Railway), which implements the project to develop the Eagles Square in central Baghdad, within the first package of projects to break traffic jams in the capital, Baghdad."
He explained that "the Chinese company, during the meeting, which was attended by a number of advisors to the Prime Minister, gave an explanation of its capabilities and capabilities that enable it to participate in the implementation of the Baghdad metro project, which was recently announced, and the expertise available to it to contribute to the implementation of this important vital project."
He pointed out that "26 international companies from Germany, Italy, Spain, China, India and Qatar expressed their desire to participate in the implementation of the metro project, after announcing it on the eighth of February, and signing contracts with the company specialized in providing consulting services for the project."
Tishwash: The World Bank praises the steadfastness of the Iraqi economy in the face of global fluctuations
Today, Monday (February 19, 2024), Director of the Financial Management Project at the World Bank, Winston Cole, praised the steadfastness of the Iraqi economy in the face of global fluctuations.
The media office of the Minister of Finance stated in a statement received by “Baghdad Today”, that “Minister of Finance, Taif Sami Muhammad, received today, Monday, Winston Cole, Director of the Financial Management Project at the World Bank, and members of the delegation accompanying him,” indicating that “during the meeting, aspects of relations between Iraq and the World Bank, especially in light of the existing cooperation program to complete the implementation of the economic reforms adopted by the Iraqi government.”
For her part, in this regard, the Minister of Finance expressed appreciation for the fruitful partnership between the two sides, stressing “the Iraqi government’s keenness to continue it, and the positive climate it provides for all investors and global financial markets regarding the Iraqi economy,” stressing at the same time “the Iraqi government’s determination to continue promoting reforms.” The structure related to financial and monetary policies and maximizing the role of the private sector in development.
For his part, Cole stressed “the World Bank’s aspiration to continue the distinguished cooperation relations with Iraq and its support for its economic reforms,” praising “the performance of the Iraqi economy and the flexibility and steadfastness it has shown in the face of the negative repercussions resulting from global economic fluctuations.”
He pointed out, "The bank continues to strengthen joint work with the Iraqi government to improve the overall indicators of the economy, deepen the participation of the private sector and complete the ongoing development work." link
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CandyKisses: When will it be liberated? Iraqi money held captive in US bank prisons
Information / Baghdad...In the spring of 2003, Iraq witnessed a US occupation and was placed under US trusteeship, and Iraq's money from the sale of oil, which constitutes more than 90 percent of Iraq's hard currency imports, was placed at the US Federal Reserve to protect it from compensation claims made by some countries affected by the policies of the former regime that ruled Iraq before 2003.
In order for the Iraqi Government to benefit from these funds, the Iraqi Ministry of Finance submits a request to the United States with an explanation of the disbursements of those funds, so that the United States Federal Bank may study and scrutinize the request and recommend the Disbursement of the amount of funds requested. The funds are then transferred to the Central Bank of Iraq, which in turn transfers them to the Government of Iraq, either in US dollars or Iraqi dinars as needed.
The United States has stated on previous occasions that the reasons for imposing sanctions are mainly money laundering and currency smuggling, without giving exact details of those charges.
Experts said that "Iraq imports nearly 90 percent of its needs of goods and services from outside Iraq, and the reason is due to the deterioration of industry, the diminishing role of the private industrial sector and the decline of agriculture to a large extent due to the lack of rain and the low water level in the Tigris and Euphrates rivers."
"This necessarily leads to a significant hemorrhage in Iraq's foreign exchange reserves. Moreover, due to the extensive relations and the close distance between Iraq and its eastern neighbor Iran, Iraq's trade with Iran accounts for the lion's share of Iraq's imports of goods and services, which provokes the anger of the United States, which imposes severe sanctions on Iran and prohibits the supply of US dollars to Iran."
This scene needs Iraq to be liberated from the American influence over its funds, in order to continue building the country.
Ali Hussein, a member of the Fatah Alliance, warned on Monday of US control over oil financial revenues in the Federal Bank, accusing Washington of exploiting this control to exert pressure on Iraq.
Hussein told Al-Maalouma that "America is exploiting this control by imposing its will in many files, including armament, as well as its pressure on the economic paper."
He called on the government to "break free from this pressure and have a say in reformulating the relationship with the Americans."
He pointed out that "the Iraqi and international financial system is captive to the US administration, which necessitates resorting to other ways to ensure the liberation of money from its authority, and understanding through other windows away from the pressure it exerts against Baghdad."
In the same context, the head of the coordinating body of the popular movement for the Belt and Road, Hussein Al-Karawi, stressed that Iraq has great economic assets that need proper management that leads it towards achieving success, investment and getting rid of the American will.
He told Al-Maalouma that "there is an urgent need for Iraq to go towards the countries of the East to develop economic and trade relations in various fields and get rid of the US hegemony imposed on Baghdad."
He called for "dealing in rubles or Chinese yuan, and not limiting the economy to the US dollar."
Last year, Iraq demanded that the United States free its money from its treasure.
A previous statement by the State Department said that Minister Fuad Hussein discussed with his US counterpart Antony Blinken a number of issues, including sanctions imposed by the US Treasury on Iraqi banks.
According to a statement by the Iraqi Ministry of Foreign Affairs, the US Treasury did not provide the reasons behind the imposition of such sanctions, and whether Washington's imposition of these sanctions came due to the lack of discipline of these banks in implementing the banking instructions and rules set by the Central Bank of Iraq or the US Federal Reserve, or for other reasons.
According to the statement, the Iraqi Foreign Minister officially called on the US Secretary of State to reconsider the US Treasury's decision on the subject, especially since the US Treasury Department is in constant contact with the Central Bank of Iraq and that these banks play an important and major role in financing the ration card expenses that benefit families of low-income people, as they provide them with a food basket consisting of basic foodstuffs such as flour, rice, sugar, tea, some legumes, washing powders, and others.
Mot: .. Yet Another ""Tip"" once YOU Retire!! - frum ole ""Mot"" of course!
Mot: .... now you know how - Too!!!!
Currency Insider Iraqi Dinar - Dong Updates Monday AM 2-19-24
Currency Insider Iraqi Dinar - Dong Updates Monday AM 2-19-24
Iraqi Dinar 25000 Notes Changing On Forex – 4:27
ISX And Iraq,S Re Denomination Big Alerts For Investors - 3:49
Currency Insider Iraqi Dinar - Dong Updates Monday AM 2-19-24
Iraqi Dinar 25000 Notes Changing On Forex – 4:27
ISX And Iraq,S Re Denomination Big Alerts For Investors - 3:49
Iraqi Dinar 25000 Notes Changing On Forex – 4:27
ISX And Iraq,S Re Denomination Big Alerts For Investors 3-:49