Iraqi News Highlights and Points to Ponder Friday AM 2-23-24
Iraqi News Highlights and Points to Ponder Friday AM 2-23-24
The Outlets Seized Money In Iraqi Dinars And Dollars Whose Owners Tried To Smuggle Them Out Of The Country
Economy News – Baghdad On Thursday, the Border Ports Authority announced the seizure of funds in Iraqi dinars and dollars whose owners attempted to smuggle them out of the country.
A statement by the authority, seen by Al-Iqtisad News, said: “The Trebil border port was able to arrest an Iraqi traveler in possession of (7) MasterCard cards at the departures checkpoint without declaring them, and after examining them with the POS device at the Civil Customs Center, it was found that the total amounts in them amounted to (52,829,000) fifty-two million eight hundred and twenty-nine thousand Iraqi dinars.”
The statement added, "The Shalamcheh border port was able to arrest an Iraqi traveler in the departure hall who did not have official documents in possession of (62) thousand US dollars. He tried to smuggle it by concealing it in a professional manner." He pointed out, "Their statements were duly recorded and they were referred, along with the seized items, to the competent judicial authorities to take legal measures against them."
Iraqi News Highlights and Points to Ponder Friday AM 2-23-24
The Outlets Seized Money In Iraqi Dinars And Dollars Whose Owners Tried To Smuggle Them Out Of The Country
Economy News – Baghdad On Thursday, the Border Ports Authority announced the seizure of funds in Iraqi dinars and dollars whose owners attempted to smuggle them out of the country.
A statement by the authority, seen by Al-Iqtisad News, said: “The Trebil border port was able to arrest an Iraqi traveler in possession of (7) MasterCard cards at the departures checkpoint without declaring them, and after examining them with the POS device at the Civil Customs Center, it was found that the total amounts in them amounted to (52,829,000) fifty-two million eight hundred and twenty-nine thousand Iraqi dinars.”
The statement added, "The Shalamcheh border port was able to arrest an Iraqi traveler in the departure hall who did not have official documents in possession of (62) thousand US dollars. He tried to smuggle it by concealing it in a professional manner." He pointed out, "Their statements were duly recorded and they were referred, along with the seized items, to the competent judicial authorities to take legal measures against them." 276 views 02/22/2024 - https://economy-news.net/content.php?id=40782
Al-Sudani: 2025 Will Witness Stopping The Waste Of Billions After Being Satisfied With Oil Derivatives[/Size]
Economy | 11:52 - 02/23/2024 Mawazine News – Baghdad Prime Minister Muhammad Shiaa Al-Sudani set the year 2025 as the date to stop the import of petroleum derivatives, during his inauguration of the North Refinery in Baiji. Al- Sudani stated, in a speech during the opening ceremony, that “this achievement and the previous achievements are in order to complete the country’s needs.” Of oil derivatives, the most recent of which was the opening of the Karbala refinery and another in Basra.
He added, “This is today’s great achievement to achieve an important step on the way to declaring Iraq soon, God willing, after completing the rest of the projects no later than mid-2025, and God willing, the heroes will surprise us with a sooner date to announce the completion of Importing oil derivatives and transferring this huge amount of money, billions of dollars, to other aspects. This is the real reform.
He pointed out that "reform is not a single word, it is not just a word, but rather action, planning, and a goal, and this is what we are working on."
He continued, "The other side of this achievement was achieved through national effort as well. When we announced the start of the construction of this refinery, there were those who doubted this promise and said that the reasonable time limit ranged between 3-4 years, and we used to hear this from those who claimed specialization." https://www.mawazin.net/Details.aspx?jimare=242596
"Electronic Payment"... A Nightmare That Haunts A Segment Of Workers In Iraq
2024-02-22 Shafaq News/ With hatred and anxiety, “Al-Bozrji” Muhammad Ali (33 years old) looks at the electronic payment device that was placed next to him, due to which the amount of tips he receives has decreased, and perhaps he may also lose his job in light of the increase in citizens’ acquisition of (Visa Card) cards. In order to refuel.
The Iraqi government seeks to activate the electronic payment service, adopt modern automation systems, and end cash dealing.
Accordingly, the Petroleum Products Distribution Company, affiliated with the Iraqi Ministry of Oil, has set the end of next March as a deadline for cash transactions at government and private fuel filling stations.
The Petroleum Products Distribution Company announced, the day before yesterday, Tuesday, that it had conducted an experiment at the Al-Muthanna station to end human intervention in the processing process, as the quantity is entered into the POS machine and then the quantity is transferred from the electronic payment card.
The company's general manager, Hussein Taleb, explained in a statement, "The companies have worked to connect the fuel dispenser to the POS payment device, and thus the citizen will be able to enter quantities of fuel and pay money without the need for human intervention."
The nightmare of unemployment haunts “Bozerji”
Returning to the worker “Ali,” who has been working at a private gas station in Baghdad for 9 years, he told Shafaq News Agency, “I spend most of my time from the beginning of the day to the end standing near this box called (the cabin) to receive whoever wants to refuel, and to give me some.” Tipping for each supply, but because of electronic payment devices, tipping has begun to decrease.”
Ali, who considers electronic payment systems a threat to his livelihood, continues, “The situation does not bode well, especially for workers in private gas stations, as their owners are talking about the possibility of reducing the number of workers, which will cause an increase in unemployment in light of the lack of appointments and the lack of job opportunities in other sectors.” ".
Electronic payment features
Electronic payment is a system for making or settling payments without the need to use cash. This system has many advantages, the most important of which is eliminating corruption, fraud, and direct bribery in government institutions, ease of trading, raising cash deposit rates in banks and banks, and other benefits.
But Iraq's transition to this globally applicable system is not without fraud, whether by merchants when citizens shop, or by collecting additional amounts under the pretext of the withholding fees currently in effect, especially since society's culture of electronic payment is weak.
Therefore, it is necessary to educate society on trading in it, and to facilitate the opening of bank credits for citizens for the purpose of issuing electronic cards smoothly and without obstacles, according to what a number of experts in the Iraqi economy spoke to Shafaq News Agency.
In this context, oil expert, Kovind Sherwani, says, “The system of paying and paying bills by electronic card represents a modern method for financial transactions, and is characterized by speed of completion and accuracy in conducting transactions. It also reduces dependence on cash liquidity in transactions, which is usually susceptible to damage and therefore requires "Compensation."
Sherwani added to Shafaq News Agency, “As for dealing with cards, it reduces dependence on currency, whether paper or cash, thus reducing damage and saving the state other amounts. The payment system also represents a safe way to complete financial transactions instead of carrying large sums of money in the wallet.” It may be vulnerable to loss or theft.
But the problems that hinder the implementation of this system in Iraq, according to Sherwani, may be “the lack of familiarity of the common citizen, especially those with limited education, or those with self-employed and earning jobs, as well as the fees that are collected from every sale or purchase with these cards.”
He calls for “the commission to be low to be an incentive for the citizen to adopt the cards and not be an obstructing factor for him, because adopting the card is a preliminary step toward electronic banking without the need to visit the bank and deal paper-wise with currencies, whether withdrawing or depositing.”
He continues, “Therefore, getting used to these cards will be a paving step for the citizen who is not accustomed to checking with banks to get used to opening credits and accounts, completing commercial transactions, etc., and even salaries, as found in the smart card and Key Card, are transferred electronically to the accounts, and the employee or retiree is able to receive his salary from any A key card point or agency anywhere in Iraq.
He points out that "employees are accustomed to this system, but non-employees who are self-employed and gainful employees may find this matter new to them, but with the passage of time they will realize the benefits that electronic payment brings."
For his part, MP Kazem Jarro, a member of the Oil and Gas Committee in the Iraqi Parliament, says, “In most government and private gas stations, the worker takes an additional amount for himself, so electronic payment will end this matter.”
The representative continued to Shafaq News Agency, “Putting money in the MasterCard will transfer money from the citizen’s wallet to the state’s balance, so electronic payment has many benefits and will reduce corruption.”
Regarding the fate of workers in the stations, he confirms that “these will continue working and will not be affected. Their numbers in the sales department may be reduced to provide payment devices that carry out their tasks, and the surplus will be distributed to the departments of the Petroleum Products Distribution Company, so the payment devices will not cause unemployment, but the workers may be affected by them.” In private stations, as a result of the availability of devices that perform their role, their numbers may be reduced.”
In turn, the Vice President of the Union of Bottling Factories and Gas Services, Abbas Mahyoub, points out that “most citizens do not have a Visa card, and according to my field of work, a problem may occur in the process of selling gas, as the gas agent who roams within the cities to sell gas to citizens, finds that Most families do not have electronic payment cards.”
Mahyoub added to Shafaq News Agency, “Although the Visa card is available, there is a commission when loading and withdrawing it, so this is a loss for the user, and although the issue has many benefits, this commission may lead to an increase in prices to cover these commissions.”
On January 7, the Prime Minister, Muhammad Shiaa Al-Sudani, directed that citizens be spared additional financial burdens resulting from commissions, during a meeting devoted to following up on the financial and economic transition to electronic payment, points of sale, and financial trading with electronic cards (POS).
Al-Sudani confirmed, according to a statement issued by his media office, that the goal is to facilitate dealing and facilitate payment in all fields, while ensuring the highest levels of security.
Demands the provision of POS devices in public places
Most markets and fuel filling stations lack POS devices, despite the Council of Ministers’ directives to implement the electronic payment system in state institutions, the private sector, commercial centers, stores, markets, and other entertainment facilities.
Citizens still lack the provision of POS devices, and there are demands from the Central Bank, banks, and electronic payment companies to provide POS points of sale and make them accessible to citizens for use with electronic cards in shopping and paying instead of cash.
The Central Bank of Iraq announced, at the beginning of last June, that Cabinet Resolution No. (23044) for the year 2023 had entered into force, which was to increase the number of electronic payment devices (POS) in government institutions and the private sector to enhance the culture of electronic payment and collection, and reduce the use of paper money in Collection and commercial transactions.
It is noteworthy that the Board of Directors of the Central Bank of Iraq decided, on December 13, to establish the “National Company for Electronic Payment Systems” throughout the country, indicating that the company represents a qualitative development in the structure of the country’s financial infrastructure.
According to the Iraqi Central Bank statement, this step coincides with the rapid growth in electronic financial services and products and the rise in the number of users in accordance with the framework of the government program to support and adopt advanced electronic payment systems.
In turn, the Iraqi Private Banks Association revealed, on December 12, a growth in accounts, bank cards and electronic payment devices after the great support provided by Prime Minister Muhammad Shia al-Sudani and the Central Bank of Iraq to the banking sector, through activating electronic payment in government and private institutions and reform in Foreign trade financing mechanisms.
The association’s executive director, Ali Tariq, said in a press statement that bank accounts grew by 14%, reaching 10.02 million bank accounts by September 30, 2023, after at the end of 2022 there were more than 8.79 million accounts, which means the creation of more than 1.2 million. Account within 9 months. LINK
Iraqi Dinar Today Video Updates Thursday Evening 2-22-24
Iraqi Dinar Today Video Updates Thursday Evening 2-22-24
See Big Officially Announcement Dinar RV New Exchange Rate Finally $1.28 – 5:48
Congratulations They Are Ready for Revalue World Bank, US Banks, IRAQ Stock Exchange – 3:41
Iraqi Dinar Today Video Updates Thursday Evening 2-22-24
See Big Officially Announcement Dinar RV New Exchange Rate Finally $1.28 – 5:48
Congratulations They Are Ready for Revalue World Bank, US Banks, IRAQ Stock Exchange – 3:41
See Big Officially Announcement Dinar RV New Exchange Rate Finally $1.28 – 5:48
https://www.youtube.com/watch?v=BhhNPcc3Oe8
Congratulations They Are Ready for Revalue World Bank, US Banks, IRAQ Stock Exchange – 3:41
Iraq Economic News and Points to Ponder Thursday Evening 2-22-24
Iraq Economic News and Points to Ponder Thursday Evening 2-22-24
Tlm724 Administrator Bondlady’s Corner
Al-Alaq Denies To Al-Iqtisad News The Existence Of A Liquidity Crisis In The Iraqi Dinar
Money and business Economy News – Baghdad The Governor of the Central Bank of Iraq, Ali Al-Alaq, denied reports that there was a problem in providing the dinar.
Al-Alaq said in his speech to Al-Iqtisad News, on the sidelines of the workshop on enhancing electronic government collection, organized by the Iraqi Private Banks Association, today, Thursday, that “everything that is being raised about a problem in providing the Iraqi dinar, or a liquidity crisis, is not true.”
He added that the Central Bank did not stop for a single moment in responding to the Ministry of Finance’s liquidity requests.
The Dollar Rises Against The Iraqi Dinar
Economy | 01:45 - 02/22/2024 Mawazine News – Baghdad The exchange rates of the dollar against the dinar recorded a slight increase today, Thursday, in the local markets in the capital, Baghdad, and the central Kifah and Harithiya stock exchanges recorded a price of 152,300 Iraqi dinars against 100 US dollars.
Iraq Economic News and Points to Ponder Thursday Evening 2-22-24
Tlm724 Administrator Bondlady’s Corner
Al-Alaq Denies To Al-Iqtisad News The Existence Of A Liquidity Crisis In The Iraqi Dinar
Money and business Economy News – Baghdad The Governor of the Central Bank of Iraq, Ali Al-Alaq, denied reports that there was a problem in providing the dinar.
Al-Alaq said in his speech to Al-Iqtisad News, on the sidelines of the workshop on enhancing electronic government collection, organized by the Iraqi Private Banks Association, today, Thursday, that “everything that is being raised about a problem in providing the Iraqi dinar, or a liquidity crisis, is not true.”
He added that the Central Bank did not stop for a single moment in responding to the Ministry of Finance’s liquidity requests. Views 131 02/22/2024 https://economy-news.net/content.php?id=40761
The Dollar Rises Against The Iraqi Dinar
Economy | 01:45 - 02/22/2024 Mawazine News – Baghdad The exchange rates of the dollar against the dinar recorded a slight increase today, Thursday, in the local markets in the capital, Baghdad, and the central Kifah and Harithiya stock exchanges recorded a price of 152,300 Iraqi dinars against 100 US dollars.
The dollar exchange rates in banking shops and local markets, where the selling price reached 153,250 dinars, while the purchase price reached 151,250 dinars for every 100 dollars.
https://www.mawazin.net/Details.aspx?jimare=242558
The Governor Of The Iraqi Central Bank Identifies The Advantages Of “Electronic Collection”: A Very Important Episode
Economy News – Baghdad Today, Thursday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, described the issue of electronic collection as an “important episode,” and while he pointed to the advantages of collection, he stressed the Central Bank’s commitment to supporting this initiative.
Al-Alaq said in a speech during a workshop organized by the Iraqi Private Banks Association, and attended by an “Al-Iqtisad News” correspondent, that “the launch of the electronic collection project comes as a translation of the commitment of the Central Bank and the banks and financial institutions subject to the supervision of the Central Bank to implement its vision and strategic objectives to develop the financial banking sector in Iraq.”
He added, "The project will contribute significantly to enhancing government resources and collecting them in a reliable, secure and transparent environment, relying on the infrastructure in payment systems and electronic payment platforms provided by the Central Bank and providing payment services."
Al-Alaq stated, “This project generally targets all governmental ministries, as well as non-governmental ministries, unions, and associations from which the amounts are collected,” pointing out that “this project will enable the automation of all collection operations, the adoption of electronic payment tools, and the reduction of cash transactions, which in turn will help reduce the burden of burden on citizens by accelerating the completion of transactions.”
The Governor of the Central Bank explained, “Customers can choose the time and place they want to pay bills, and this will save time and effort and provide services to pay citizens through multiple payment channels with a high degree of trust and security.”
He pointed out that “this matter increases collection rates, reduces costs, reduces the risks of cash dealing, raises the efficiency of the service provided to the citizen, and obtains integrated data and reports,” considering that “electronic collection is an important link among the links seeking to reduce the phenomenon of the cash economy, which the Central Bank seeks to achieve.”
Working on it at several levels for optimal use of transportation and expanding financial inclusion.”
Al-Alaq stressed, “The Central Bank affirmed its full commitment, in partnership with its colleagues, to support this initiative by supporting the growth and use of the local economy while preserving its stability and status through cooperation and purposeful challenge.”
266 views 02/22/2024 - 11:04 AM https://economy-news.net/content.php?id=40752
Al-Sudani: The Government Has Placed Economic And Banking Reform Among Its Most Important Priorities
Economy | 06:04 - 02/22/2024 Mawazine News – Baghdad Prime Minister Muhammad Shiaa Al-Sudani confirmed, on Thursday, that the government has placed the issue of economic and banking reform among its most important priorities.
The Prime Minister’s Media Office stated in a statement received by Mawazine News, “Today, Sudani received Andrew Toure, the regional president of Visa for Central and Eastern Europe, the Middle East and Africa, and his accompanying delegation.”
Al-Sudani said - according to the statement - that “the government has placed the issue of economic and banking reform among its most important priorities, and it seeks and welcomes cooperation in this field, pointing to the approval of the electronic payment system in the Council of Ministers.”
He praised, "the company's cooperation in expanding electronic payment technology and digital transformation, whether through training workers in Iraq or by contributing to education about the electronic payment process."
For his part, Andrew expressed “the desire to continue cooperation with the Central Bank of Iraq and all Iraqi banking sector institutions,” noting “Visa’s interest in supporting the Iraqi government’s plans towards electronic payment and economic and banking reform, by introducing advanced solutions and technologies to the market, as well as its readiness to bring expertise, in addition to employing more Iraqis in its office in Baghdad, with the aim of reaching 500,000 acceptance points from electronic payment points of sale in Iraq.” https://www.mawazin.net/Details.aspx?jimare=242574
Prime Minister: The Importance Of The Partnership Between Iraq And The United States
Political | 08:08 - 02/22/2024 Mawazine News – Baghdad Prime Minister Muhammad Shiaa Al-Sudani stressed the importance of moving to a bilateral relationship with Washington governed by the Strategic Framework Agreement, stressing the importance of the partnership between Iraq and the United States.
The office of Prime Minister Muhammad Shia Al-Sudani said, received by Mawazine News, that “he received a member of the Foreign Relations Committee in the US Congress, Senator Christopher Coons.
Al- Sudani explained” the importance of the partnership between Iraq and the United States, stressing the transition to a bilateral relationship governed by the strategic framework agreement between the two countries, after... Completing the tasks of the international coalition, according to a specific timetable.
He stressed "the necessity of stopping the war in Gaza and ending the genocidal war committed by the occupation forces, especially with the advent of the holy month of Ramadan."
For his part, Senator Coons confirmed that his tour in the region and his meeting with the Prime Minister came at the request of President Joe Biden, noting that The depth of the partnership between the United States of America and Iraq, and the necessity of expanding it to include economic, cultural, and health aspects, in addition to the security aspects that take place in accordance with the meetings of the Supreme Military Committee. He also stressed the necessity of achieving stability and peace in the Middle East and a ceasefire in Gaza and the Palestinian territories.
https://www.mawazin.net/Details.aspx?jimare=242584
To read more current and reliable Iraqi news please visit BondLady’s Corner: https://www.bondladyscorner.com/
Provoking Points To Ponder on Inspiration:
Every true man, sir, who is a little above the level of the beasts and plants, lives so as to give a meaning and a value to his own life. - Luigi Pirandello
Never let go of that fiery sadness called desire. - Patti Smith
For every man there exists a bait which he cannot resist swallowing. - Friedrich Nietzsche
The moment somebody says to me, "This is very risky," is the moment it becomes attractive to me. Kate Capshaw
Discontent is the first step in progress. No one knows what is in him till he tries, and many would never try if they were not forced to. - Basil W. Maturin
All progress is based upon a universal, innate desire on the part of every living organism to live beyond its income. - Samuel Butler
It is the spur of ignorance, the consciousness of not understanding, and the curiosity about that which lies beyond that are essential to our progress. - John Pierce
One starts an action simply because one must do something. - T. S. Eliot
What you are must always displease you, if you would attain to that which you are not. - Saint Augustine
If you're good to your staff when things are going well, they'll rally when times go bad.- Mary Kay Ash
Famous Quotes and Authors, Famous Quotations for all Occasions
Egon von Greyerz: Warning of Wealth Risks in a World of Financial Jenga
Egon von Greyerz: Warning of Wealth Risks in a World of Financial Jenga
Palisades Gold Radio: 2-22-2024
Tom welcomes back Egon von Greyerz, founder and managing partner at Von Greyerz Gold Switzerland. Egon highlights concerns about the current state of the global economy.
He underlined the mounting national debts and potential for war as the two primary factors adding to the world's chaos. Despite this, he stresses the importance of focusing on individual wellbeing and controlling what can be influenced personally.
Greyerz suggests investment in gold as an effective method of wealth preservation. This is because gold maintains its purchasing power over extended periods, even as fiat currencies lose value.
Egon von Greyerz: Warning of Wealth Risks in a World of Financial Jenga
Palisades Gold Radio: 2-22-2024
Tom welcomes back Egon von Greyerz, founder and managing partner at Von Greyerz Gold Switzerland. Egon highlights concerns about the current state of the global economy.
He underlined the mounting national debts and potential for war as the two primary factors adding to the world's chaos. Despite this, he stresses the importance of focusing on individual wellbeing and controlling what can be influenced personally.
Greyerz suggests investment in gold as an effective method of wealth preservation. This is because gold maintains its purchasing power over extended periods, even as fiat currencies lose value.
Greyerz predicted a surge in gold interest as a safe haven amid increasing national deficits and economic instability worldwide. The attractiveness of gold is amplified by the potential impacts of overdue debts, particularly in the real estate sector.
Furthermore, Greyerz draws attention to the significant shift in the U.S. government's method of funding debt. As central banks continue to create fiat currency, many countries are offloading their U.S. treasury bonds, leaving the Federal Reserve as the main purchaser. This situation, combined with an inflationary world economy, may trigger more financial troubles.
Greyerz expresses concerns that governments could potentially confiscate assets or force investment into specific securities such as U.S. treasuries. Moreover, Greyerz warns of the risks associated with investments in Bitcoin and Gold ETFs, emphasizing the need for owning physical gold stored outside the banking system for effective wealth preservation.
Despite an overall gloomy prediction for the global economy, Greyerz urges investors to focus on non-monetary values such as family ties and personal relationships.
Time Stamp References:
0:00 - Introduction
1:30 - Wealth Vs. Living
2:33 - Gold Fundamentals
12:55 - Dollar & Debt Outlook
18:17 - BRICS & Russia
20:22 - C.B. Gold Buying
29:42 - U.S. Gold Holdings?
33:25 - Counterparties & Audits
34:49 - Scarcity & Balance
37:04 - Inflation & Wars
39:16 - Fed & Rates
44:10 - Other Assets?
47:38 - Gold ETF Concerns
51:08 - Concluding Thoughts
53:22 - Wrap Up
Talking Points From This Episode - Why Gold reliably retains purchasing power over time, unlike fiat currencies." - Exponential gold price rise predicted due to increasing demand, limited supply. - Greyerz cautions the risks of potential government confiscation of assets in banks. - He also notes that the best things in life are free and help those around you.
MarkZ Thursday Evening Chat 2-22-2024
Thursday 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 Thursday Evening……hope everyone had a good day
Member: Hey MarkZ…..I don’t know about anybody else but I could use a little encouragement about the RV!! Please
Member: Maybe Mark not telling any RV news is good….maybe things are about to pop?
Member: Frank says watch between the 26th through the 29th of Feb
Thursday 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 Thursday Evening……hope everyone had a good day
Member: Hey MarkZ…..I don’t know about anybody else but I could use a little encouragement about the RV!! Please
Member: Maybe Mark not telling any RV news is good….maybe things are about to pop?
Member: Frank says watch between the 26th through the 29th of Feb
MZ: This one is 2 days old but: “The Sudanese received an official letter from America regarding the scheduling of the end of the tasks for the international coalition” We believe this is the final step for Iraq to become fully sovereign and increase the rate of the dinar. They didn’t give a date but imply its sooner rather than later.
MZ: “ Prime Minister Al Sudani received on Thursday (today) US Senator Christopher Coons and discussed with him a strategic framework agreement between the 2 countries and the end of the task of the international coalition according to a timetable. (Which they have not given us)
MZ: “BRICS states to ditch USD in 95% of trade” A year ago this was a pipe dream-right? 95% of their trade this year was without the US dollar….This is a massive change on how money moves around the world.
Member: When you turn off the noise of why nothing is happening, you hear God saying I’ve got this. And you know all is well..
Member: Good night and God Bless
SEE YOU ALL BACK TOMORROW MORNING. MR. C AND THE GURUS JOIN MARK! BYE ALL!
THE CONTENT IN THIS PODCAST IS FOR GENERAL&EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.
TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com
STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx
GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
Goldilocks' Comments and Global Economic News Thursday Evening 2-22-24
Goldilocks' Comments and Global Economic News Thursday Evening 2-22-24
Good Evening Dinar Recaps,
Several companies are delisting their shares on the market as of late. There is a reason for that happening.
"Being delisted does not mean that a company is no longer public. In fact, shareholders can still trade their shares on a smaller exchange, or “over-the-counter.” However, being delisted normally leads to a devaluation of the stock, and decreased liquidity for investors."
Sometimes mergers take place to cause these things, or a cash-out opportunity takes place. There are many reasons for this happening. I am just noticing that there are several taking place right now.
Several companies are just not able to meet compliance issues for the SEC such as capital requirements or collateralization of their company is more than they can afford due to losses happening in the market.
Many companies are facing the consequences of having not switched over to SOFR lending services last year when it became available. The system is changing my friends. IPO Hub Investopedia SEC
© Goldilocks
~~~~~~~~~~
Goldilocks' Comments and Global Economic News Thursday Evening 2-22-24
Good Evening Dinar Recaps,
Several companies are delisting their shares on the market as of late. There is a reason for that happening.
"Being delisted does not mean that a company is no longer public. In fact, shareholders can still trade their shares on a smaller exchange, or “over-the-counter.” However, being delisted normally leads to a devaluation of the stock, and decreased liquidity for investors."
Sometimes mergers take place to cause these things, or a cash-out opportunity takes place. There are many reasons for this happening. I am just noticing that there are several taking place right now.
Several companies are just not able to meet compliance issues for the SEC such as capital requirements or collateralization of their company is more than they can afford due to losses happening in the market.
Many companies are facing the consequences of having not switched over to SOFR lending services last year when it became available. The system is changing my friends. IPO Hub Investopedia SEC
© Goldilocks
~~~~~~~~~~
"Harvard International Law Conference: Bretton Woods 3.0 and the Future of International Economic Law"
Description:
"Join the Harvard International Law Journal and Law & International Development Society for our Spring 2024 conference titled: "Bretton Woods 3.0? Emerging Questions and Changes in International Economic Law.
The event will occur throughout the day of March 2, 2024 at Austin Hall on the Harvard Law School campus.
This year's conference features four panels and one keynote speech focusing on the changing nature of multilateral cooperation in international economic law. Each discussion will cover key topics related to this theme, drawing on experts from the legal industry, academia, and intergovernmental organizations."
* This is not an announcement. It is a conference. Yet, what is being discussed just so happens to be what we are looking to hear.
A conference is a gathering of people to learn new ideas and share what the experts have to say about what is currently taking place in the world inside their professions.
I have heard it said long ago, and you have heard many of the ideas presented to you come from academic sources. Why? Academia teaches what is about to happen before it happens and as it is happening. All you have to do is look at their syllabi and know what is taking place in the world for it is taught long before it is brought into being. ASIL
©✓Goldilocks
~~~~~~~~~~
The latest FOMC meeting notes recently told us that quantitative tightening or holding on to higher interest rates for longer will be used until the midpoint of the year.
It is one of the ways the Fed lowers their balance sheet and creates liquidity for the markets. So far, we are being told that their intentions to begin the process of lowering interest rates will begin sometime in May or June.
June is the most likely scenario as MICA stablecoin and crypto regulations in Europe will be completed by that time. The lowering of interest rates will create a bull market, and the markets are expected to do very well with this pivot.
It will give more purchasing power to the dollar, more purchasing power to our tokenized assets, and more purchasing power to Gold. We will be inside a new digital economy by that point. Many of the global assets will be digitized by that time and are expected to be at 90% by the end of the year.
The growth of the new economy is expected to commence the second half of this year allowing our money across the world to begin noticing more liquidity inside the Forex markets. Investopedia Wolf Street
©✓Goldilocks
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"India to Develop GIFT City Currency Derivatives Market"
A Currency Derivative Market utilizes an underlying asset to support the currency being sold as an asset.
Remember, all assets on the market including Forex are to be tokenized and tokens are supported by commodities such as gold.
Can you see what's happening here? All roads lead to gold, and "digital gold" will set us free. IFSCA
Watch Gold.
© Goldilocks
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It looks like our currency markets are finally getting some attention.
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Banking Announcement:
"JAPAN ADVANCES LEGISLATION TO ENABLE INVESTMENT FUNDS TO HOLD CRYPTO ASSETS" | Crypto Politain
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Gold Announcement:
Kinka Gold has issued its first tranche of $XNK tokens onto the market, opening retail adoption with its listing on CoinW. The tokens represent an exciting time for gold on the blockchain, with tokenized gold predicted to become a mainstay in DeFi markets, especially as more institutional investors begin adopting crypto, and more use-cases for on-chain gold are developed.
Kinka Gold is 100% reserve-backed by premium 99.9% Japanese gold that conforms to all LBMA standards. The gold is held in bankrupt-remote vaults, is fully audited, and is entirely compliant with all Japanese regulations. The price of each $XNK token is pegged directly to the price of gold, with 1 $XNK equivalent to one fine troy ounce of gold that meets LBMA standards.
The gold is issued by a subsidiary of Daiichi Commodities, a Japanese trading house that has been trading gold for over 40 years. Crypto Mode
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Monetary Authority of Singapore Announcement:
MAS/TCRS/2024/01 : Advisory on Addressing the Cybersecurity Risks Associated with Quantum
This advisory outlines cybersecurity risks arising from developments in quantum computing, and highlights mitigating measures that financial institutions should consider.
VIEW DOCUMENTMAS/TCRS/2024/01 : Advisory on Addressing the Cybersecurity Risks Associated with Quantum (135.3 KB)
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No investors, let alone billionaires, will want to own stocks with falling profit margins and shrinking dividends. So if that's why Buffett, Paulson, and Soros are dumping stocks, they have decided to cash out early and leave Main Street investors holding the bag. Safe Retirement Strategies
~~~~~~~~~~
Soon, people are going to look for places they can put their money in safe havens. Digital assets will be right in their faces. Gold and crypto. The first movers of the new economy.
©✓Goldilocks
~~~~~~~~~~
We care about each of you and trying to keep this community safe.
If needed we will use Signal. Join us and stay informed link
Standards Link.
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Thank you, The SOWT Tech Team
~~~~~~~~~~
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Thank you Dinar Recaps
More News, Rumors and Opinions Thursday Afternoon 2-22-2024
KTFA:
Clare: Prime Minister: The government has placed the issue of economic and banking reform among its most important priorities
2/22/2024 Baghdad
Prime Minister Muhammad Shiaa Al-Sudani confirmed, on Thursday, that the Iraqi government has placed economic and banking reform among its most important priorities, indicating its endeavor to welcome work in this field.
The Prime Minister’s media office said in a statement, seen by Al-Iqtisad News, that “Al-Sudani received, this afternoon, Thursday, the regional president of Visa, in Central and Eastern Europe, the Middle East and Africa, Andrew Toure and his accompanying delegation.”
KTFA:
Clare: Prime Minister: The government has placed the issue of economic and banking reform among its most important priorities
2/22/2024 Baghdad
Prime Minister Muhammad Shiaa Al-Sudani confirmed, on Thursday, that the Iraqi government has placed economic and banking reform among its most important priorities, indicating its endeavor to welcome work in this field.
The Prime Minister’s media office said in a statement, seen by Al-Iqtisad News, that “Al-Sudani received, this afternoon, Thursday, the regional president of Visa, in Central and Eastern Europe, the Middle East and Africa, Andrew Toure and his accompanying delegation.”
The Prime Minister stressed, according to the statement, that “the government has placed the issue of economic and banking reform among its most important priorities, and it seeks and welcomes cooperation in this field,” pointing to the approval of the electronic payment system in the Council of Ministers, praising the company’s cooperation in expanding electronic payment technology and digital transformation, Whether through training workers in Iraq or by contributing to education for the electronic payment process.”
For his part, the regional president of Visa expressed “the desire to continue cooperation with the Central Bank of Iraq and all Iraqi banking sector institutions,” noting that “Visa’s interest in supporting the Iraqi government’s plans towards electronic payment and economic and banking reform, by offering advanced solutions and technologies.” To the market, as well as its readiness to bring expertise, in addition to employing more Iraqis in its office in Baghdad, with the aim of reaching 500,000 acceptance points from points of sale for electronic payment in Iraq. LINK
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Clare: The outlets seized money in Iraqi dinars and dollars whose owners tried to smuggle them out of the country
Baghdad
On Thursday, the Border Ports Authority announced the seizure of funds in Iraqi dinars and dollars whose owners attempted to smuggle them out of the country.
A statement by the authority, seen by Al-Iqtisad News, said: “The Trebil border port was able to arrest an Iraqi traveler in possession of (7) MasterCard cards at the departures checkpoint without declaring them, and after examining them with the POS machine at the Civil Customs Center, it was found that the total amounts amounted to (52,829,000) fifty-two million eight hundred and twenty-nine thousand Iraqi dinars.”
The statement added, "The Shalamcheh border port was able to arrest an Iraqi traveler in the departure hall who did not have official documents in possession of (62) thousand US dollars. He tried to smuggle it by concealing it in a professional manner."
He pointed out, "Their statements were duly recorded and they were referred, along with the seized items, to the competent judicial authorities to take legal measures against them." LINK
*****************
Courtesy of Dinar Guru: https://www.dinarguru.com/
Jeff Why the timing of the rate change has anything to do with a budget period? Here's why...Countries calculate their budgets off the value of the currency. In order for them to approve a budget, whatever currency value they're going to utilize has to be released publicly...That means the rate has to change before the budget can be approved...Kuwait changed their rate on March 24th of 1991...before their April 1st budget period. It's that simple.
Frank26 Article: "ACCESSIONS 12th China Round Table on WTO Accessions ARAB PERSPECTIVES ON WTO ACCESSIONS AND THE MULTILATERAL TRADING SYSTEM" I love the word ascension... WTO...Can you tell me who you are ascending in the WTO? Article quote: "Algeria, Comoros, Iraq, Lebanese Republic, Libya, Somalia, Sudan and the Syrian Arab Republic are in the process of Article XII accession". This is a lot for the monetary reform of the Iraqi dinar that would bring forth the economic explosion reform of Iraq...This is wonderful.
BRICS NEW WIN: Egypt Ditches US Dollar and May Return to Gold Backed Currency
Lena Petrova: 2-22-2024
ARAB PERSPECTIVES ON WTO ACCESSIONS AND THE MULTILATERAL TRADING SYSTEM
KTFA:
ACCESSIONS
12th China Round Table on WTO Accessions
ARAB PERSPECTIVES ON WTO ACCESSIONS AND THE MULTILATERAL TRADING SYSTEM
Abu Dhabi National Exhibition Centre, Hall 10, Room B - In-Person
23 FEB 2024 24 FEB 2024
The 12th China Round Table (CRT-12) will take place on 24-25 February 2024 in Abu Dhabi, United Arab Emirates (UAE), on the margins of the 13th WTO Ministerial Conference (MC13). This is the first Round Table organized in the Arab region. The focus of this Round Table will be Arab Perspectives on WTO Accessions and the Multilateral Trading System.
The Arab region is one of the most under-represented in the WTO. Of the 22 members of the Arab League, only 13 are WTO Members and nine are observers of different types. Out of the 13 Members, the Hashemite Kingdom of Jordan, the Sultanate of Oman, the Kingdom of Saudi Arabia and Yemen joined the WTO through the accession process pursuant to Article XII of the Agreement Establishing the WTO (the Marrakesh Agreement) between 2000 and 2014.
KTFA:
ACCESSIONS
12th China Round Table on WTO Accessions
ARAB PERSPECTIVES ON WTO ACCESSIONS AND THE MULTILATERAL TRADING SYSTEM
Abu Dhabi National Exhibition Centre, Hall 10, Room B - In-Person
23 FEB 2024 24 FEB 2024
The 12th China Round Table (CRT-12) will take place on 24-25 February 2024 in Abu Dhabi, United Arab Emirates (UAE), on the margins of the 13th WTO Ministerial Conference (MC13). This is the first Round Table organized in the Arab region. The focus of this Round Table will be Arab Perspectives on WTO Accessions and the Multilateral Trading System.
The Arab region is one of the most under-represented in the WTO. Of the 22 members of the Arab League, only 13 are WTO Members and nine are observers of different types. Out of the 13 Members, the Hashemite Kingdom of Jordan, the Sultanate of Oman, the Kingdom of Saudi Arabia and Yemen joined the WTO through the accession process pursuant to Article XII of the Agreement Establishing the WTO (the Marrakesh Agreement) between 2000 and 2014.
Today, Algeria, Comoros, Iraq, Lebanese Republic, Libya, Somalia, Sudan and the Syrian Arab Republic are in the process of Article XII accession, while Palestine has had an ad hoc observer status in the WTO Ministerial Conferences since 2005
The eight Arab acceding governments have been pursuing accession, on average, for approximately 20 years, with some of the accession processes being inactive for a long time. Together with Timor‑Leste, Comoros is a candidate to join the WTO at MC13.
WTO Director-General Ngozi Okonjo-Iweala highlighted during the 2nd High-Level Regional Dialogue on WTO Accessions for the Arab Region: "With several Arab acceding governments expected to step up engagement at the WTO this year, especially in the case of Comoros, we should step up our joint efforts to support them.
One potentially useful point of action could be to put together a study detailing the accession and post-accession experiences of Article XII members from the region.
This could serve as a guide for Arab countries working to revive their accession negotiations and would yield insights for how best the international community could support Arab accessions or Arab countries' participation in the WTO more generally." Commenting on the Trade for Peace programme, the Director-General noted that "The Trade for Peace agenda has brought to light how reforms associated with the WTO accession process can help Arab countries build resilience and foster prosperity, peace and stability."
OPENING
Opening Ceremony
09:30-10:00
Abu Dhabi
Moderator
Ms. Maika Oshikawa
Director, Accessions Division, World Trade Organization
Opening remarks
H.E. Mr. Juma Al Kait
Assistant Undersecretary for International Trade Affairs, Ministry of Economy, United Arab Emirates
Opening remarks
H.E. Ambassador LI Chenggang
Permanent Representative, Permanent Mission of the People's Republic of China to the World Trade Organization
Opening remarks
Mr. ZHANG Xiangchen
Deputy Director-General, World Trade Organization
SESSION 1: Best Practices in WTO Accessions for Arab Region: Lessons from Past and On-going accessions in the region
10:30-12:30
Abu Dhabi
"Best Practices in WTO Accessions for Arab Countries: Lessons from Past and On-going Accessions" is a joint study with the collaboration of four partner organizations (WTO, the Arab Monetary Fund, the Islamic Development Bank and the Islamic Center for Development of Trade). The study aims at providing factual accounts of past and on-going Arab accessions, as well as the post-accession performance of Article XII Arab Members, including their participation in the WTO. This session will present the main findings and recommendations of the Joint Arab Study for WTO Accessions. This will be followed by an open discussion among participants.
Moderator
Dr. Mena Hassan
Economic Affairs Officer, Accessions Division, World Trade Organization
Speaker
Representatives from Arab acceding governments: Algeria, Comoros, Iraq, Lebanon, Libya, Somalia, Sudan, Syria and MC13 Observer:Palestine
Speaker
Representatives from Arab Article XII Members: Jordan, Saudi Arabia, Yemen
Speaker
Dr. Linda F. Kassem
International Trade Lawyer & Public Policy Consultant
Speaker
Mr. Stephen Karingi
Director, Regional Integration and Trade Division, Economic Commission for Africa (UNECA)
DAY 2
High-Level Session: Arab Perspectives on WTO Accessions and the Multilateral Trading System
09:30-11:00
Abu Dhabi
This high-level session will draw from the experiences of original WTO and Article XII Arab Members to discuss the benefits of WTO membership and help better equip Arab acceding governments to navigate the accession process. The session will also highlight the importance of trade in Arab economies including how to best utilize WTO membership to ensure economic policy coherence.
Moderator
Dr. Mena Hassan
Economic Affairs Officer, Accessions Division, World Trade Organization
Speaker
H.E. Mr. Mohammed A.M. Haweg
Minister of Economy and Trade, State of Libya
Speaker
H.E. Mr. Amin Salam
Minister of Economy, Lebanese Republic
Speaker
H.E. Mr. Atheer Al-Ghurairi
Minister of Trade, Republic of Iraq (TBC)
Speaker
H.E. Mr. Ryad Mezzour
Minister of Industry and Trade, Kingdom of Morocco (TBC)
Speaker
H.E. Mr. Mohamed Mohamed AL-Ashwal
Minister of Industry and Trade, Republic of Yemen
Speaker
Mr. Azizbek Urunov
Special Representative of the President on WTO Issues, Chief Negotiator, Republic of Uzbekistan
Speaker
H.E. Mr. Tomislav Momirović
Minister of Internal and Foreign Trade, Republic of Serbia
Speaker
H.E. Mr. Ramesh Rizal
Minister for Industry, Commerce and Supplies, F.D.R. of Nepal
https://www.wto.org/english/th.....2409_e.htm
RMF: Iraq, is in the process of Article XII accession ! Back in the old days the scuttlebutt was that shortly after getting out of Article 8 and into Article 7 we would soon see what we were looking for. This is very exciting IMO.
Clare: WTO ANALYTICAL INDEX WTO Agreement – Article XII (Practice)
Currency Insider Iraqi Dinar - Dong Updates Thursday Afternoon 2-21-24
Currency Insider Iraqi Dinar - Dong Updates Thursday Afternoon 2-21-24
World Bank Big Announcement About Iraqi Monetary Reform – 2:47
Iraqi Dinar RV 1st March Deadline - 2:41
Iraqi dinar RV 1st march deadline – 2:41
Currency Insider Iraqi Dinar - Dong Updates Thursday Afternoon 2-21-24
World Bank Big Announcement About Iraqi Monetary Reform – 2:47
Iraqi Dinar RV 1st March Deadline - 2:41
Iraqi Dinar Today Evening Exchange Rates – 1:16
World Bank Big Announcement About Iraqi Monetary Reform – 2:47
https://www.youtube.com/watch?v=M0rWuZtwyLs
Iraqi Dinar RV 1st March Deadline 2:41
Iraqi Dinar Today Evening Exchange Rates – 1:16
"Tidbits From TNT" Thursday 2-22-2024
TNT:
CandyKisses: Karbala to suspend working hours next Sunday and Monday
Baghdad Today - Baghdad
The head of the Karbala Provincial Council, Qassim Al-Yasari, announced this evening, Wednesday (February 21, 2024), the suspension of official working hours for next Sunday and Monday on the occasion of the Shabani visit.
The leftist said in a statement received by "Baghdad Today", that "on the occasion of the anniversary of the birth of Imam Mahdi (pbuh), we directed to suspend the official working hours on Sunday and Monday, 25 and 26 of this month , for all departments of the province, except for the security and service departments."
"The local holiday comes because of the presence of Husseiniya processes and to enable the people of the province to provide services to visitors," he said.
TNT:
CandyKisses: Karbala to suspend working hours next Sunday and Monday
Baghdad Today - Baghdad
The head of the Karbala Provincial Council, Qassim Al-Yasari, announced this evening, Wednesday (February 21, 2024), the suspension of official working hours for next Sunday and Monday on the occasion of the Shabani visit.
The leftist said in a statement received by "Baghdad Today", that "on the occasion of the anniversary of the birth of Imam Mahdi (pbuh), we directed to suspend the official working hours on Sunday and Monday, 25 and 26 of this month , for all departments of the province, except for the security and service departments."
"The local holiday comes because of the presence of Husseiniya processes and to enable the people of the province to provide services to visitors," he said.
Iraq calls on the countries of the world to adopt a “new international order” and recommends the formation of a “regional parliamentary” committee
The representative of Iraq at the “Asian Parliamentary Association” conference, on Thursday, called on the countries of the world to establish a “new international order” and recommended the formation of a permanent committee that would enhance “regional parliamentary” cooperation.
Acting President of the Arab Parliamentary Union and the Iraqi House of Representatives, Mohsen Al-Mandalawi, said during his Iraqi speech at the 14th plenary session of the “Asian” Parliamentary Assembly held in the Azerbaijani capital, “Baku,” that we call on the countries of the world to establish a new and just international system and to reconsider some policies to serve common interests. .
Al-Mandalawi confirmed that Iraq sought to formulate a roadmap for a national project that would allow Iraq’s specificity to be integrated with the goals and objectives of sustainable development in the 2030 agenda.
Al-Mandalawi pointed out that "the Zionist entity does not respect international law, and its supporters must stop, and it is our duty to address the crisis situation in Gaza."
Al-Mandalawi called for condemning the aggression against Iraq and some Arab countries, and recommended the formation of a permanent committee responsible for supporting regional parliamentary cooperation.
An Iraqi parliamentary delegation headed by Al-Mandalawi arrived yesterday, Wednesday, in the capital, Baku, to participate in the 14th session of the Asian Parliamentary Assembly.
The Iraqi parliamentary delegation, headed by Al-Mandalawi, will participate in the opening and general sessions of the Asian Parliamentary Assembly today, Thursday. link
************
Tishwash: ITC hosts Iraq National Trade Forum
With support from the government of Iraq, the International Trade Centre (ITC), a joint agency of the United Nations (UN) and the World Trade Organization (WTO), organized a two-day trade forum to help Iraqi businesses to identify and develop trade opportunities. The Forum was funded by the European Union (EU).
According to a statement from ITC, more than 450 participants from the agriculture and agrifood sectors, business support organizations, international and regional suppliers, and investors, including over 200 Iraqi and international companies, donors and development partners attended the first day.
The second INTF comes after the successful first edition held in 2022 that helped secure participating companies' potential deals worth $2.5 million through more than 170 business-to-business (B2B) sessions, bridging over 70 Iraqi companies with global suppliers and investors. 30% of participant companies that had participated in 2022, returned for the second year.
The B2B event remained an integral part of the INTF to better connect Iraqi micro, small and medium-sized enterprises involved in farming, food processing, packaging and logistics with international and regional suppliers and investors.
These interactions are key for expanding business networks, facilitating business deals, fostering sustainable investments and promoting innovation while sharing best practices from leading Iraqi agribusinesses.
In addition to plenary sessions, high-level panels with practical workshops and B2B meetings, the 2024 edition of the Forum featured a trade exhibition called 'Iraqi Bazaar' that showcased hundreds of locally produced items in a pop-up store.
The label 'By Iraqi Hands' to stimulate the food industry and encourage people to buy more local products and support sustainable development was launched at the INTF. Iraq's Potato Sector Development Strategy was also officially launched on the occasion.
The ITC flagship report, SME Competitiveness Outlook 2023, was also launched globally on 19 February at the INTF. The report focuses on the impact of fragility on the competitiveness and growth of small businesses.
The European Union Ambassador to Iraq, Thomas Seiler said:
"International trade presents a very good opportunity for Iraq to revitalize its agricultural sector, diversify its economy, and achieve sustainable economic growth. By fostering international partnerships and leveraging its agricultural potential, Iraq can become a player in the global market and an even more important economic actor in the region. The European Union will continue to remain a close partner of Iraq and promote its integration in the global and regional markets."
ITC Executive Director Pamela Coke Hamilton said:
"With over one million MSMEs in operation, smaller businesses account for two-thirds of Iraq's private sector jobs. And they provide much more than that: they deliver crucial goods and services for the functioning of the local economy and for the wellbeing of its communities. As hundreds of Iraqi companies connect with buyers and investors at the Forum, they contribute to sustainable, trade-led development in the country and beyond."
ITC Head of Country Programme in Iraq, Eric Buchot said:
"Small businesses forming two-thirds of Iraq's private employment, are key to its economy. The involvement of 300 businesses at INTF 2024 could be game-changing with a fundamental mindset shift. For real impact, fostering competitiveness and a market focused approach is essential."
Deputy Special Representative, Resident Coordinator for Iraq Ghulam Mohammad Isaczai said:
"The success of the Second Iraq National Trade Forum underscores the vital role of Iraqi SMEs in driving economic growth and sustainable development. Through fostering partnerships and promoting innovation, we are paving the way for a more prosperous future for Iraq. The UN is committed to supporting Iraq's journey towards economic diversification and resilience, highlighting the importance of collaboration at all levels. Together, we are building a stronger, more inclusive economy that benefits all Iraqis."
The INTF has become a platform for enhancing awareness of pivotal domestic reforms, aimed at fostering robust private sector development. link
Mot: Quiz!!! --- sooo Just How does a Giraffe Take a Nap!!??
Mot: . Mot Continues to feel Blessed Passing On Such Important Things
"Coffee With MarkZ" Thursday Morning Chat 2-22-2024
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ 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
Member: Good Morning….Thursday already….weeks are just flying by!
Member: Sure are a lot of mobile networks and phone networks down all over the country….hope its significant.
Member: Phones are down in many areas…..Dr. Kia Pruit says it may be cyber attacks.
Member: Just heard several banks have online outages as well. Both here and in Europe.
Member: Elon said yesterday in an X post, “This is a test.” A test of what???
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ 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
Member: Good Morning….Thursday already….weeks are just flying by!
Member: Sure are a lot of mobile networks and phone networks down all over the country….hope its significant.
Member: Phones are down in many areas…..Dr. Kia Pruit says it may be cyber attacks.
Member: Just heard several banks have online outages as well. Both here and in Europe.
Member: Elon said yesterday in an X post, “This is a test.” A test of what???
Member: there are numerous news reports about phone outages around the world... it is not just one provider......they are hinting it could affect the internet.....
Member: News is saying there was a strong solar flare around midnight ( over the U.S.) and shortly afterwards, things went haywire ( phone, internet service) for some.
Member: GM All, For all who are interested, a Solar Flare happened at 3:32am CT and Down Detector has all cell mobile sites hit as ATT was hit the hardest. All were effected
Member: Do we need the stock market to collapse to get the RV?
MZ: No, The RV is not dependent on the collapse of the stock market. But, many of us believe the collapse of the stock market will force the RV.
Member: Just watched Naders video. Seems Iraq is ready to go international
Member: from MM, Iraq courts today told they had to pay salaries to the people right away, look for the RV before the end of this month
MZ: One of the articles I like the most from Iraq: “ITC hosts Iraq National trade forum” With support from Iraq’s national Trade center and the government , and a joint agency of the UN and the World Trade Organization. The entire goal of this is to foster International trade, and import and export opportunities in business on the international stage.
MZ: “Iraq sees significant increase in port traffic” Millions of dollars were made and exceeding 74.9 Billion in Iraqi dinar just in January.This is a massive boost ot Iraqi trade
Member: Sure is a lot of articles about the US led coalition leaving Iraq soon….
Member: I have a cousin in Iraq in Army, said they are packing up to leave
Member: Well if it doesn't happen during Ramadan -- it should happen any moment!!!
Member: Only one week left in February.
Member: MARK Z. I believe you know more than what you’re sharing with us RV related.Wish we knew what was really happening.
Member: All we need is an announcement that we are Gold backed, that’s it.
Member: My gut telling me the powers that be dont want us to have this r/v
Member: My gut says we need all new PTB……get rid of all the old ones and just start over for the whole world.
Member: Everyone enjoy your day and hoping for some RV news tonight….Thanks Mark and Mods.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
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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!
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.