Chats and Rumors, Video DINARRECAPS8 Chats and Rumors, Video DINARRECAPS8

Iraqi Dinar Today Video Updates Late Tuesday Evening 2-27-24

Iraqi Dinar Today Video Updates Late Tuesday Evening 2-27-24

WOW 1 IQD equals to $6.77 USD For Every Iraqi Dinar – 3:27

Big update RV update Of Iraqi Dinar Today 2024 – 3:35

This Is Massive update - Delete Zeros IQD New Exchange – 5:55

Iraqi Dinar Today Video Updates Late Tuesday Evening 2-27-24

WOW 1 IQD equals to $6.77 USD For Every Iraqi Dinar – 3:27

Big update RV update Of Iraqi Dinar Today 2024 – 3:35

This Is Massive update - Delete Zeros IQD New Exchange – 5:55

 WOW 1 IQD equals to $6.77 USD For Every Iraqi Dinar – 3 :27

https://www.youtube.com/watch?v=5brtCqacz_s

Big update RV update Of Iraqi Dinar Today 2024 – 3:35

https://www.youtube.com/watch?v=eMRb9AFvoVg

This Is Massive update - Delete Zeros IQD New Exchange – 5:55

https://www.youtube.com/watch?v=fcn5kOotC70

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DINARRECAPS8 DINARRECAPS8

Iraq Economic News and Points to Ponder Wednesday AM 2-28-24

Iraq Economic News and Points to Ponder Wednesday AM 2-28-24

Tlm724 Administrator Bondlady’s Corner

What Is The Impact Of Iraq's Joining The BRICS Group?

 Today Information / private..Former member of the Foreign Relations Committee in the House of Representatives, Khaled Al-Assadi, confirmed on Tuesday that the  Sudanese government’s request to join the BRICS economic group is an extremely important step to organize the relationship with the Russian side politically, economically and security-wise, noting that

Russia announced its support for the Iraqi request. Al-Asadi told Al-Maalouma, “The  Iraqi government’s request to join the BRICS economic group is an extremely important step for the Sudanese government to diversify its relations with various countries of the world, especially Russia and the countries organizing the group.

” He added, "Iraq will actually participate in the group's meetings until it gains full membership after completing the membership requirements procedures," noting that "Russia announced its support for the Iraqi request."

The Russian ambassador to Baghdad, Elbrus Kutrashev, affirmed Russia's position in support of Iraq's accession to the BRICS economic group, expressing Russia's readiness to generously assist Iraq if it joins the group.

Iraq Economic News and Points to Ponder Wednesday AM 2-28-24

Tlm724 Administrator Bondlady’s Corner

What Is The Impact Of Iraq's Joining The BRICS Group?

 Today Information / private..Former member of the Foreign Relations Committee in the House of Representatives, Khaled Al-Assadi, confirmed on Tuesday that the  Sudanese government’s request to join the BRICS economic group is an extremely important step to organize the relationship with the Russian side politically, economically and security-wise, noting that

Russia announced its support for the Iraqi request. Al-Asadi told Al-Maalouma, “The  Iraqi government’s request to join the BRICS economic group is an extremely important step for the Sudanese government to diversify its relations with various countries of the world, especially Russia and the countries organizing the group.

” He added, "Iraq will actually participate in the group's meetings until it gains full membership after completing the membership requirements procedures," noting that "Russia announced its support for the Iraqi request."

The Russian ambassador to Baghdad, Elbrus Kutrashev, affirmed Russia's position in support of Iraq's accession to the BRICS economic group, expressing Russia's readiness to generously assist Iraq if it joins the group. https://almaalomah.me/news/57331/economy/ما-تأثير-انضمام-العراق-لمجموعة-بريكس

It Will Be Influential.” Iraq Completes Its Preparations To Join The World Trade Organization

Translated reports | Baghdad Today – Translation Today, Tuesday (February 27, 2024), the BNN network, which specializes in economic affairs, revealed that the  Iraqi government has completed the requirements for joining the World Trade Organization after its internal economic and trade conditions “improved,” in addition to improved investment conditions.

The network said, according to what Baghdad Today translated, that

Iraq has completed all preparations within the timetable set for it by the organization to integrate its commercial operations with its businesses around the world, stressing that

Iraq is now able to enter the global trade market through the organization on a large scale.

It is noteworthy that Iraq submitted an application to enter the organization in 2004, and

the application remained pending until the conditions for entry into the international organization were met, which have now ended. The network says that

Iraq "will return to becoming an influential member in terms of international trade and economics through the role it enjoys geographically and economically among the countries of the organization."

https://baghdadtoday.news/243640-سيكون-مؤثراً.-العراق-ينهي-استعدادته-للانضمام-الى-منظمة-التجارة-الدولية.html

Financing Foreign Trade  

 Economical 02/28/2024  Muhammad Sharif Abu Maysam  Banking institutions and other financial institutions, such as insurance companies, play a prominent role in financing foreign trade, as  their role is not only limited to providing services for financial transfers in the field of foreign trade and reducing payment risks,

but also applies to the applications of the concept of financing as a tool to support competitiveness and facilitate business management.

Trade to include all large, medium, small and micro projects that contribute to achieving self-sufficiency in goods, and thus  stimulating trade and the ability to export, meaning that the concept of  “foreign trade financing” involves a financial activity based on providing direct or indirect support to trade as

As a result of a good business environment. Hence,  what is being said about canceling the currency auction in the Central Bank as the approved tool for organizing the financing of foreign trade in hard currency over a period of more than twenty years, and  moving to the first stages of managed flotation, by transferring the responsibility for financing to banks directly through the foreign currency they own.

It is, in fact, a financial activity that involves a privilege that must be conditional, as

banks that have qualified for electronic financial exchanges with correspondent banks abroad are usually characterized by accuracy and compliance with international banking standards after they gained the trust of those in charge of monetary policy in the country through the standards of successful banking work.

Foremost among these is the advantage of working in a comprehensive banking system, as

a bank that reaches the level of opening documentary credits and conducting external transfers electronically cannot be achieved unless it enjoys what any international bank enjoys, such as      providing all available electronic payment services, and  ensuring the presence of an electronic mechanism for auditing invoices and transfer operations.

With the Money Laundering Office at the Central Bank, in addition to the importance of the bank’s capital approaching a level that exceeds the volume of transactions, or at least 450 billion dinars before the end of the year 2024, as stated in the Central Bank’s instructions in this regard, and that

the bank is committed to the legal reserve and to the instructions of the Money Laundering Office.

He had never witnessed such delay before In paying public deposits.0 In view of this, there must be a real evaluation of credit rates, as they are the most important pillar of banking work,

which makes a serious contribution to supporting the sustainable development that everyone demands,      through a fair circulation of the monetary mass issued between deposits and credit rates, and    supporting economic projects in the business environment, in a way that     contributes to financing. Internal and external trade.   https://alsabaah.iq/92570-.html

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

 

Provoking Points To Ponder on Deception:

You k'n hide de fier, but what you guine do wid de smoke?  - Joel Chandler Harris

Deep versed in books and shallow in himself.  - John Milton

Half the work that is done in the world is to make things appear what they are not.  - E. R. Beadle

What we need is a rebirth of satire, of dissent, of irreverence, of an uncompromising insistence that phoniness is phony and platitudes are platitudinous.  - Arthur Schlesinger

If the world will be gulled, let it be gulled.  - Robert Burton

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

http://famousquotesandauthors.com/quotes_by_topic.html

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Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8

Goldilocks' Comments and Global Economic News Tuesday Evening 2-27-24

Goldilocks' Comments and Global Economic News Tuesday Evening 2-27-24

Good Evening Dinar Recaps,

SEN. CRUZ INTRODUCES LEGISLATION TO BAN CENTRAL BANK DIGITAL CURRENCIES

Sen. Cruz previously introduced legislation to prohibit the Federal Reserve from developing a direct-to-consumer central bank digital currency which could be used as a financial surveillance tool by the federal government in both 2022 and 2023.   6 hours ago    Cruz Senate  

~~~~~~~~~~

"Let’s show WTO is alive': UAE foreign trade minister says conference can be 'launch pad' for global trade"

The World Trade Organization is discussing with several countries how they are reforming the standards and percentages of trade opportunities among countries from around the Globe.

Focus is on leveling the playing field among some of the smaller countries giving them equal foothold and standing on the world stage.

Goldilocks' Comments and Global Economic News Tuesday Evening 2-27-24

Good Evening Dinar Recaps,

SEN. CRUZ INTRODUCES LEGISLATION TO BAN CENTRAL BANK DIGITAL CURRENCIES

Sen. Cruz previously introduced legislation to prohibit the Federal Reserve from developing a direct-to-consumer central bank digital currency which could be used as a financial surveillance tool by the federal government in both 2022 and 2023.   6 hours ago    Cruz Senate  

~~~~~~~~~~

"Let’s show WTO is alive': UAE foreign trade minister says conference can be 'launch pad' for global trade"

The World Trade Organization is discussing with several countries how they are reforming the standards and percentages of trade opportunities among countries from around the Globe.

Focus is on leveling the playing field among some of the smaller countries giving them equal foothold and standing on the world stage.

Offering more Trade Networks for countries will give each country the ability to grow in bilateral trade relationships that will increase the need for their goods and services not seen before.

New demands on local currencies instead of the use of the dollar will provide greater purchasing power for these countries in process of Ascension into the WTO this week, of which, Iraq is one of them. Zawya

© Goldilocks

~~~~~~~~~~

"The future of DeFi savings is here: High Yield USD (hyUSD) is a fully asset-backed flatcoin created on the Reserve protocol."

High Yield USD (hyUSD) is an overcollateralized DeFi savings flatcoin. It offers up to 8% APY for holders with the deployment of Reserve Protocol.

The Reserve protocol allows users to create tokens backed by a collection of other tokens, which can be used as stablecoins or composite assets. 

Composite assets allows the grouping of many Digital Networks or Assets to minimize risks and enhance profit on their growth.

With the emergence of Protocol 20, Web3 and Artificial Intelligence are merging blockchain groupings together.

The joining of Networks on the QFS is currently allowing us to expand into decentralized protocols in the monetary system separating us from Centralized Programs of the Old Financial System.

The deployment of these new digital smart contracts allows the interfacing of new Quantum Technologies. This is why an open banking system is important. It allows us to merge with new technologies inside the new Digital Asset Based Trading System.

When distributed ledgers have similar information records called blocks. They begin to talk to one another forming alliances on the blockchain. 

Soroban and Ethereum are currently joining forces to expand our QFS into new opportunities. The emergence of our new digital economy is beginning to take baby steps into the future.   The Defiant
CoinDesk    FX Empire
© Goldilocks
~~~~~~~~~~

We are clearly witnessing a shift in money flows regarding Treasury Bonds. The Global Economy is already changing the way we live and how we invest in the future.

Investor sentiment is changing. The move from intermediate-term Treasury Bonds to bonds with maturity dates of two, three, five, and even 10 years out is getting a second look.

Society is realizing that our economy is in transition, and many investors are beginning to pour their money into longer-term opportunities to grow their money. It looks like people are beginning to bank on a brighter future.

As our tokenized assets settle into new price patterns, the new digital gold economy will bring in new life inside a QFS.   CNBC
© Goldilocks

~~~~~~~~~~

We are living in a time whereby every asset on the market is connected. Instead of assets competing with each other, the future of our Global Markets are designed to enhance one another's growth.

Gold is the bridge into this new economy through tokenized assets. And, the collaboration between networks and assets governed by standardized protocols will support each other's growth in a way not seen before in history.   The Global Treasurer

"Where we go one, we go all."

© Goldilocks

~~~~~~~~~~

Follow Goldilocks' Roadmap

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Chats and Rumors, Video DINARRECAPS8 Chats and Rumors, Video DINARRECAPS8

Iraqi Dinar Today Video Updates Tuesday Afternoon 2-27-24

Iraqi Dinar Today Video Updates Tuesday Afternoon 2-27-24

Massive Update Today Finally Released New Rate IQD On Forex – 4:35

Finally Iraq Put New HCL Law With International IQD Rate – 2:05

CBI Show On Screen New Exchange Rate Finally – 2:25

Iraqi Dinar Today Video Updates Tuesday Afternoon 2-27-24

Massive Update Today Finally Released New Rate IQD On Forex – 4:35

Finally Iraq Put New HCL Law With International IQD Rate – 2:05

CBI Show On Screen New Exchange Rate Finally – 2:25

 Massive Update Today Finally Released New Rate IQD On Forex – 4:35

https://www.youtube.com/watch?v=haY29Wr2A_E

Finally Iraq Put New HCL Law With International IQD Rate – 2:05

https://www.youtube.com/watch?v=6ATQELnhK1k

CBI Show On Screen New Exchange Rate Finally – 2:25

https://www.youtube.com/watch?v=Xxso3fGZbFE

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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20

More News, Rumors and Opinions Tuesday PM 2-27-2024

TNT:

Tishwash:  World Trade confirms its aspiration and follow-up of the steps for Iraq to join it

The World Trade Organization confirmed, on Tuesday, its aspiration and follow-up of the steps for Iraq’s accession to it.

According to a statement from the Ministry of Commerce received by (Al-Rabaa), Minister Atheer Al-Ghurairi held a meeting with the Assistant Director General of the World Trade Organization, Zang Shank Shank, in the Emirati capital, Abu Dhabi, to discuss completing Iraq’s procedures to complete the required files, supporting reforms and legislation to be consistent with the market system, and strengthening the country’s economic capabilities to complete... Requirements for the next stage of the accession process.

TNT:

Tishwash:  World Trade confirms its aspiration and follow-up of the steps for Iraq to join it

The World Trade Organization confirmed, on Tuesday, its aspiration and follow-up of the steps for Iraq’s accession to it.

According to a statement from the Ministry of Commerce received by (Al-Rabaa), Minister Atheer Al-Ghurairi held a meeting with the Assistant Director General of the World Trade Organization, Zang Shank Shank, in the Emirati capital, Abu Dhabi, to discuss completing Iraq’s procedures to complete the required files, supporting reforms and legislation to be consistent with the market system, and strengthening the country’s economic capabilities to complete... Requirements for the next stage of the accession process.

Al-Ghurairi stressed, according to the statement, “the keenness of the working group on accession to continue by strengthening cooperation with the organization’s accession department and the head of the working group, Saudi Ambassador Saqr al-Muqbel, whose recent visit to Iraq provided great support for the efforts and steps taken by the national committee concerned with accession, which he chaired to complete all requirements in a manner that It achieves Iraq's integration into the multilateral trading system.

The minister stressed "the hope that the efforts of the organization's working group will focus on supporting the accession of important countries, including Iraq."

The minister continued, "The Iraqi government, within its government program and the measures it took to raise the level of draft laws and support the role of the private sector, recorded international signals of its endeavor and eagerness to return to the economic system due to its geographical and economic importance in the region."

For his part, the Assistant Director-General of the organization confirmed that “the organization is looking forward and following the steps for Iraq’s accession carefully, given that Iraq is one of the important and strong economies that is still outside the organization, and that Iraq’s presence within the organization’s membership will be a great added value to the organization and to the global economy.”

He praised "the advanced stages accomplished by the Ministry of Commerce in terms of completing and submitting the technical files on goods and services in trade, which will speed up the holding of the third round of negotiations, wishing for the continuity and continuity of momentum and work to complete the requirements for accession, amend the required laws and legislation, and complete the technical files within their specified timing, as he will submit The team will support him to complete his journey to join, and we will celebrate him at the next ministerial meeting of the organization.”  link

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

Tishwash:  Al-Moayad to major American and European companies: Digital transformation in Iraq qualifies for high profits

The Chairman of the Media and Communications Authority, Ali Al-Moayyed, met today, Tuesday, with a number of major technology companies in the United States of America and Europe, on the sidelines of the International Mobile Conference MWC 2024 in Barcelona.

During the meeting, according to a statement by the authority, Al-Furat News received a copy of, Al-Muayyad urged "American technology companies to expand their work in Iraq, and to help provide solutions to activate digital programs for managing Iraqi government institutions and all their other administrative and organizational operations."

During his meeting with Amazon and Enztsu, Al-Moayad confirmed that the government curriculum adopts digital transformation in the country, which calls on these companies to transfer their global experiences and activate their cooperation with Iraqi institutions, which qualifies them to achieve high profits within the framework of the country’s adoption of the digitization strategy and expansion of financial inclusion processes. 

It is noteworthy that the International Mobile Conference (MWC 2024) is held annually in the month of February in Barcelona, ​​and is considered the most prominent global event in the field of the mobile phone industry and advanced communications technology, in which senior companies, regulators and government officials from various countries of the world participate. link

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

Courtesy of Dinar Guru:  https://www.dinarguru.com/

Mnt Goat    ...Iraq is finally breaking the news all about the Project to Delete the Zeros. This is fantastic news but just news for now. The actual execution part is coming and I was told by my weekly call to my CBI contact in Iraq on Saturday, that it will be VERY SOON!

Frank26   Article:  "Does deleting the currency’s zeros affect its value? An economist explains"  THE CBI IS SENDING TRUSTED ECONOMISTS TO EXPLAIN THE MONETARY REFORM EDUCATION OF DELETING THE ZEROS FROM THE EXCHANGE RATE!  IMO they're about to give the citizens a new exchange rate with new lower notes to match...They already told them that process will then take that exchange rate, which will be at least 1 to 1 but I think is going to be higher, to float in the basket internationally

HCL news Iraq Iqd ##

Nader:  2-27-2024

https://www.youtube.com/watch?v=7ekDsP_aMPg

THE U.S. DOLLAR IS IN FOR A GREAT FALL... (And Its No Accident). IMPORTANT UPDATES!

Greg Mannarino:  2-27-2024

https://www.youtube.com/watch?v=OsQKHmF0urs

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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20

Tuesday Evening News with MarkZ 2-27-2024

Tuesday 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 Mark and mods….Really hope Iraq gets the RV done before Ramadan on March 10th…..the clock is ticking.

Member: Is Sheila joining us tonight (CMKX and Currency source)

MZ: She will be joining us Friday with Mr. C. Expect Friday Mornings podcast to be a long one…we will get into prosperity packages, CMKX , Farm Claims  and much of what is going on with currencies …what is being heard in other countries. This podcast ought to be a humdinger.

Tuesday 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 Mark and mods….Really hope Iraq gets the RV done before Ramadan on March 10th…..the clock is ticking.

Member: Is Sheila joining us tonight (CMKX and Currency source)

MZ: She will be joining us Friday with Mr. C. Expect Friday Mornings podcast to be a long one…we will get into prosperity packages, CMKX , Farm Claims  and much of what is going on with currencies …what is being heard in other countries. This podcast ought to be a humdinger.

Member: What about your bank contact that said February should  definitely your month for it to go ?

Member: Just a few days left……git er done!!!!!

MZ: Its quiet on the RV so far this evening  from what I consider tangible on the RV news front…….Bankers still believe we are in that “any moment “ window with sooner rather than later.

MZ: We heard from members today that were reached out to by banks who know they have currency – they were suddenly reached out to to set up appointments with wealth managers……Maybe banks are jumping the gun a little getting people prepped and ready because they don’t want to lose the business…   We still have some banks that flat out deny knowing anything and some that openly have conversations about it.

MZ: “Brazil to host meeting of BRICS finance ministers and Central Bank heads”  This is going on as we speak in Brazil. BRICS continues to move along grabbing a larger and larger share of the worlds GDP.

Member: Guru Mnt Goat  (From Dinar Guru)  ...Iraq is finally breaking the news all about the Project to Delete the Zeros. This is fantastic news but just news for now. The actual execution part is coming and I was told by my weekly call to my CBI contact in Iraq on Saturday, that it will be VERY SOON!

MZ: That totally fits with what we heard over the weekend. They are having very open conversations on television, articles…you name it. Plus a committee to help stores and markets reprice goods.

Member: and all the WTO articles coming out about Iraq ascending soon …that is big news.

Member: Mark- what is your guy saying about rates? Other are saying $1.30 in country. Do you think they will RV on March 1st per rumors?

MZ: TO me $1.30 doesn’t make a whole lot of sense. Would it work for them- yes . They have been very blunt with their people and even Sadr said they were going to restore the dinar to its former glory. And $1.30 is about a third of what it used to be ..  I would be ok with $1.30….but I expect higher.

Member: $3.22 was what it was at….adjusted for inflation should be  $4.81…

Member: So will Iraq go alone or do you still believe it will all go at once?

MZ: I still believe it will all go at once

Member: If it all goes at once –it defeats the nonsense about double dipping

MZ: It would solve a lot of the problems by going all at once.

Member: If Iraq is not part of the WTO- why isn’t the dinar on forex?

MZ: Iraq is not yet part of the WTO. They have been approved and all their tasks have been completed for ascension but are waiting for an announcement.

Member: . Good night to all my friends out there

Member: Sweet RV dreams everyone.

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!

https://www.youtube.com/watch?v=9uRdBIMf550

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Chats and Rumors, Video, Vn Dong DINARRECAPS8 Chats and Rumors, Video, Vn Dong DINARRECAPS8

Currency Insider Iraqi Dinar - Dong Updates Tuesday Afternoon 2-27-24

Currency Insider Iraqi Dinar - Dong Updates Tuesday Afternoon 2-27-24

CBI Big announcement about Iraqi dinar – 2:30

Iraqi dinar final adjustment started now – 2:34

Vietnam Dong rate massive increase compared to yesterday day – 1:38

Iraqi dinar this is unbelievable news – 2:53

Currency Insider Iraqi Dinar - Dong Updates Tuesday Afternoon 2-27-24

CBI Big announcement about Iraqi dinar – 2:30

Iraqi dinar final adjustment started now – 2:34

Vietnam Dong rate massive increase compared to yesterday day – 1:38

Iraqi dinar this is unbelievable news – 2:53 

CBI Big announcement about Iraqi dinar – 2:30

https://www.youtube.com/watch?v=2UUxUlXU1Sg

Iraqi dinar final adjustment started now 2:34

https://www.youtube.com/watch?v=l-EFwrTuSII

Vietnam Dong rate massive increase compared to yesterday day – 1:38

https://www.youtube.com/watch?v=NO9zrZQSG0U

Iraqi dinar this is unbelievable news – 2:53

https://www.youtube.com/watch?v=NvFqP2m22M4

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News DINARRECAPS8 News DINARRECAPS8

Iraq Economic News and Points to Ponder Tuesday AM 2-27-24

Iraq Economic News and Points to Ponder Tuesday AM 2-27-24

Tlm724 Administrator Bondlady’s Corner

The Minister of Commerce discusses in Abu Dhabi with the World Trade Organization the completion of procedures for Iraq to join the organization

Tuesday 27, February 2024 | Economical Number of readings: 168  Baghdad / NINA / The Minister of Commerce, Atheer Al-Ghurairi, met in Abu Dhabi with Assistant Director-General of the World Trade Organization, Zunk Shank Shank, and discussed with him the completion of Iraq’s procedures to complete the required files, support reforms and legislation to be consistent with the market system, and strengthen the country’s economic capabilities to complete the requirements of the next stage of the accession process.

The Minister stressed in a statement, “the keenness of the working group on accession to continue by strengthening cooperation with the organization’s accession department and the head of the working group, Saudi Ambassador Saqr al-Muqbel, whose recent visit to Iraq provided great support for the efforts and steps taken by the national committee concerned with accession, which he chaired, to complete all requirements in a way that achieves Iraq's integration into the multilateral trading system.

During the meeting, the minister stressed "the hope that the efforts of the organization's working group will focus on supporting the accession of important countries, including Iraq."

Iraq Economic News and Points to Ponder Tuesday AM 2-27-24

Tlm724 Administrator Bondlady’s Corner

The Minister of Commerce discusses in Abu Dhabi with the World Trade Organization the completion of procedures for Iraq to join the organization

Tuesday 27, February 2024 | Economical Number of readings: 168  Baghdad / NINA / The Minister of Commerce, Atheer Al-Ghurairi, met in Abu Dhabi with Assistant Director-General of the World Trade Organization, Zunk Shank Shank, and discussed with him the completion of Iraq’s procedures to complete the required files, support reforms and legislation to be consistent with the market system, and strengthen the country’s economic capabilities to complete the requirements of the next stage of the accession process.

The Minister stressed in a statement, “the keenness of the working group on accession to continue by strengthening cooperation with the organization’s accession department and the head of the working group, Saudi Ambassador Saqr al-Muqbel, whose recent visit to Iraq provided great support for the efforts and steps taken by the national committee concerned with accession, which he chaired, to complete all requirements in a way that achieves Iraq's integration into the multilateral trading system.

During the meeting, the minister stressed "the hope that the efforts of the organization's working group will focus on supporting the accession of important countries, including Iraq."

Al-Ghurairi continued, "The Iraqi government, within its government program and the measures it took to raise the level of draft laws and support the role of the private sector, recorded international signals of its endeavor and eagerness to return to the economic system due to its geographical and economic importance in the region."

For his part, the Assistant Director General of the organization confirmed, “The organization is looking forward to and following the steps for Iraq’s accession carefully, given that Iraq is one of the important and powerful economies that is still outside the organization, and that Iraq’s presence within the organization’s membership will be a great added value to the organization and to the global economy.”

He praised the advanced stages accomplished by the Ministry of Commerce in terms of completing and submitting the technical files on goods and services in trade, which will speed up the holding of the third round of negotiations, wishing for the continuity and continuity of momentum and work to complete the requirements for accession, amend the required laws and legislation, and complete the technical files within their specified timing, as the team will present We support him to complete his journey to join and we celebrate him in the next ministerial meeting of the organization.”/End H

https://ninanews.com/Website/News/Details?key=1110086

Parliamentary Finance Calls On The World Bank To Develop The Iraqi Banking System  

Economy News _ Baghdad  Today, Tuesday, the Chairman of the Parliamentary Finance Committee, Atwan Al-Atwani, called on the International Monetary Fund and the World Bank to provide the necessary support to Iraq in the areas of exchanging experiences and training national cadres, to develop the Iraqi banking system.

The media office of the Presidency of Parliament said in a statement received by Al-Iqtisad News, “The Chairman of the Finance Committee, Atwan Al-Atwani, participated via closed circuit television in the deliberative meeting of the International Monetary Fund regarding the financial and economic situation in Iraq.”

The office added, "Al-Atwani provided a briefing on the financial and economic situation and the items and programs included in the tripartite budget law for the years (2023-2025) that are consistent with the government program to advance various sectors, activate the private sector, encourage investment, and support investors, in order to achieve sustainable development."

According to the statement, Al-Atwani stressed that “approving the tripartite budget gave the government great flexibility in terms of contracting, implementing projects, and attracting foreign companies to implement major projects,” pointing out that “the Finance Committee, through monitoring spending and financing and implementing plans and programs, seeks integration between the legislative and executive authorities.” Because we want this government to succeed, especially since it is taking steady steps towards achieving the people’s aspirations.”

The Chairman of the Committee indicated that "the National Service Government is serious about moving the wheel of economy and development and has ambitious programs to advance various productive sectors and maximize non-oil revenues, to leave the state of excessive dependence on oil in forming the general budget."

Al-Atwani called on the International Monetary Fund and the World Bank to "provide the necessary support to Iraq in the areas of exchanging experiences and training national cadres, to develop our banking system, especially as we are moving towards activating the digital financial dealing system and automating taxes, customs, and other service sectors that generate financial revenues for the state."

191 views  02/27/2024 - https://economy-news.net/content.php?id=40915

There Is An Increase In The Dollar Exchange Rates In Iraqi Markets

Economy  02-27-2024 | 4,854 views  Alsumaria News – Economy  Alsumaria News publishes the exchange rates of the dollar against the Iraqi dinar in Iraqi local markets for Tuesday, February 27, 2024.

Dollar prices rose with the opening of the Al-Kifah and Al-Harithiya stock exchanges to record 151,300 Iraqi dinars for 100 dollars, while selling prices in exchange shops in local markets in Baghdad rose, as the selling price reached 152,250 Iraqi dinars, while purchasing prices reached 150,250 dinars for every 100 dollars.

On February 7, the Council of Ministers announced its approval of amending the dollar exchange rate to 1,320 dinars per dollar.

For about a year, and specifically since the Central Bank began operating the electronic platform and the international financial transfer system “SWIFT,” the dollar exchange rates in Iraq have not witnessed stability despite the attempts of the government and the Central Bank to control the exchange rate in the parallel markets.   LINK

The Reality Of Imposing New US Sanctions On Private Iraqi Banks

Economy News – Baghdad  An informed source denied reports of new sanctions being imposed on some private banks.

The source, who preferred to remain anonymous, told Al-Eqtisad News that there is no truth to the reports that the US Treasury has recently imposed sanctions on some private banks.

He stressed that a number of banks were prohibited from dealing in the dollar currency, which the Central Bank announced months ago.  225 views   02/27/2024 - https://economy-news.net/content.php?id=40908

Parliament Agrees With The European Union To Open Various Factories In Iraq

Reconstruction and building   Economy News – Baghdad  Today, Tuesday, the Parliamentary Investment and Development Committee announced its agreement with the European Union Ambassador Thomas Seiler to introduce European companies to the market and open various factories, while the ambassador confirmed that the Reconstruction and Development Bank will soon work in Iraq.

The head of the committee, Hassan Al-Khafaji, said in a press conference held in the House of Representatives with the participation of the European Union ambassador, that “the committee hosted the European Union ambassador to discuss a number of files related to new legislation,” noting that “it was agreed to cooperate and work together to combat corruption, introduce European companies into the Iraqi local market, and exchange experiences.”

"Economic and commercial, opening new European factories in Iraq and refining the capabilities of Iraqi competencies in various fields."

He continued: “We asked the European side to open a permanent office and headquarters inside Iraq, since it has no headquarters except inside the British Embassy,” explaining, “We asked to open banking branches in Iraq that finance industrial and investment projects while providing full support from the government and the House of Representatives in the fields of reconstruction and investment.” And loans.”

He stated, “There are currently joint projects in Baghdad, Babylon, and Holy Karbala, where the European Union is interested in infrastructure,” pointing out, “We have requested funding for many projects, especially with Iraq’s accession to the International Arbitration Organization and the vote on the partnership law between the private and public sectors, which allows companies "For foreigners to enter and work in Iraq and participate with the private sector for reconstruction and building a new Iraq."

He stressed that "it was agreed on unified action to bring in solid companies similar to companies operating in the Middle East and international companies that contributed to building Iraq's factories during the eighties and seventies."

For his part, the European Union Ambassador to Iraq, Thomas Seiler, said during the conference: “We held a meeting with the Parliamentary Investment and Development Committee in our capacity as the European Union delegation, as one of the outcomes we came up with is that the European Union must make more efforts for European companies to invest in Iraq, and we must “Work together to provide the conditions that enable Europe to invest more in Iraq,” explaining that “the legislative necessities were discussed in order to achieve economic stability in Iraq as well as investment stability, and these are steps that must be taken by Parliament.”

He stated that "there are many laws that support this aspect, including the investment law, the partnership law between the public sector and the private sector, and other laws," explaining that "this is part of the government's approach to combat corruption and support investment and the economy."

He stated: “Today we discussed many issues and many details, and this is part of Europe’s interest in the stability of Iraq, as we see that Iraq can play an important central role in the region politically and economically,” pointing to “the necessity of developing the European Union’s investment programs, especially the financial and banking institutions, which are the Bank.”

 The European Union for Reconstruction and Development, which we expect will soon come to work in Iraq, as well as the European Investment Bank, which is concerned with providing loans and expertise to support infrastructure projects, but we have committed ourselves to working in this aspect for the benefit of the Iraqi citizen, and we will cooperate with local authorities to achieve this.”

Views 51 02/27/2024 https://economy-news.net/content.php?id=40924

Al-Nahrain Islamic Bank Announces The Granting Of POS Devices To State Institutions And The Private Sector For Free

Time: 02/27/2024 18:08:37 Read: 546 times

{Economic: Al-Furat News} Al-Nahrain Islamic Bank (a government bank), in cooperation with the smart card company, announced the granting of electronic payment devices (pos) to state institutions and the private sector for free to facilitate banking transactions for citizens electronically.

In a statement, which {Al-Furat News} received a copy of, the bank called on those wishing to obtain (Pos) devices to: “review the bank’s management in Bab al-Muadham, the Jihad neighborhood branch in Baghdad, the Salam branch in Najaf al-Ashraf, and the al-Farahidi branch in Basra.” He added, “that he will work on training.” The technical personnel who will work to activate these devices and provide technical and logistical support to complete this work.”

He added, "This comes in line with the government program and the directives of Prime Minister Muhammad Shiaa Al-Sudani and Minister of Finance Taif Sami and in support of the decisions of the Central Bank of Iraq to move to electronic payment POS and limit cash transactions, which in turn will contribute significantly to enhancing government resources and collecting them in a reliable, safe and transparent environment." .   LINK

Oil Stabilizes Amid Prospects For A Ceasefire In Gaza

Arab and international  Economy News - follow up   Oil prices were largely stable, Tuesday, as investors evaluated the prospects of reaching a truce in Gaza, against the current situation in the Middle East.

By 09:23 GMT, Brent crude futures fell ten cents, or 0.12 percent, to $82.43 per barrel.

US West Texas Intermediate crude futures fell seven cents, or 0.09 percent, to $77.51.

Attacks launched by the Houthi group in the Red Sea led to an increase in shipping prices and periods.

The US Central Command said on Monday that the Houthis fired a missile that likely targeted the oil tanker (Turm Thor), which flies the American flag, in the Gulf of Aden on February 24, but did not hit it.

In reference to stopping the escalation in Gaza, US President Biden said on Tuesday that Israel has agreed to stop military actions in Gaza during the month of Ramadan, while Hamas is studying a draft proposal for a truce that includes a temporary cessation of fighting and the exchange of detainees and hostages.

Oil prices also received support from indicators of improving demand in China, the world's largest crude consumer.

On Tuesday, the Russian authorities also announced a six-month ban on gasoline exports, starting on March 1, to maintain price stability in light of increasing consumer and farmer demand, as well as to provide the opportunity to maintain refineries in the world's second largest oil exporter.

The two crude oil prices rose more than one percent at settlement yesterday, Monday, after falling between two and three percent over the past week, with markets increasing expectations that interest rate cuts will take longer in the future.

The weekly US crude inventory data from the American Petroleum Institute is scheduled to be released at 21:30 GMT.

On the other hand, all eyes are on the OPEC+ alliance, which includes the Organization of the Petroleum Exporting Countries (OPEC) and other allies, with a planned decision approaching in March on whether to extend voluntary production cuts to support prices.

Views 27  02/27/2024 - 5:58 PM   https://economy-news.net/content.php?id=40932

 

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

 

Provoking Points To Ponder on Deception :

Hood an ass with reverend purple. So you can hide his two ambitious ears, and he shall pass for a cathedral doctor.  - Ben Jonson

Proportion is almost impossible to human beings. There is no one who does not exaggerate.  - Ralph Waldo Emerson

Everything that deceives may be said to enchant.  - Plato

We are never deceived; we deceive ourselves.  - Goethe

All charming people have something to conceal, usually their total dependence on the appreciation of others.  - Cyril Connolly

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

http://famousquotesandauthors.com/quotes_by_topic.html

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KTFA, News Dinar Recaps 20 KTFA, News Dinar Recaps 20

Some International Iraq News Posted by Clare at KTFA Tuesday 2-27-2024

KTFA:

Clare:  The Territory Commercial Bank announces financing Iraq's trade with India in rupees

2/27/2024  Baghdad

The Territory Commercial Bank announced financing trade between Iraq and India in the rupee currency.

The bank said in a press statement, “We announce the launch of a pioneering initiative to enhance trade exchange between Iraq and India, where trading partners can now conduct their financial transactions in the Indian rupee. This step aims to facilitate and accelerate commercial operations between the two countries by providing simplified and effective financial solutions.”

He added, "Within the framework of this initiative, the Territory Commercial Bank opened an account in Indian rupees with DBS Bank in New Delhi, which allows cross-border financial transactions to be carried out more easily and efficiently. This transformation aims to eliminate the challenges related to currency exchange and reduce transaction costs and the time required to complete them." “This will reflect positively on the efficiency of trade between Iraq and India.”

KTFA:

Clare:  The Territory Commercial Bank announces financing Iraq's trade with India in rupees

2/27/2024  Baghdad

The Territory Commercial Bank announced financing trade between Iraq and India in the rupee currency.

The bank said in a press statement, “We announce the launch of a pioneering initiative to enhance trade exchange between Iraq and India, where trading partners can now conduct their financial transactions in the Indian rupee. This step aims to facilitate and accelerate commercial operations between the two countries by providing simplified and effective financial solutions.”

He added, "Within the framework of this initiative, the Territory Commercial Bank opened an account in Indian rupees with DBS Bank in New Delhi, which allows cross-border financial transactions to be carried out more easily and efficiently. This transformation aims to eliminate the challenges related to currency exchange and reduce transaction costs and the time required to complete them." “This will reflect positively on the efficiency of trade between Iraq and India.”

The bank indicated that we assure our customers that all transactions in the Indian rupee will be conducted in accordance with the laws and directives set by the Central Bank of Iraq, to ​​ensure complete safety and transparency in all operations.

The bank called on companies operating in the field of trade between Iraq and India to benefit from this service, which provides them with the opportunity to improve efficiency and reduce costs.   LINK

Frank26:   "THERE IT IS AGAIN & AGAIN!!!".........F26

 Al-Atwani calls on the International Monetary Fund and the World Bank to provide the necessary support to Iraq

2/26/2024  Baghdad – 

Chairman of the Finance Committee, Representative Atwan Al-Atwani, called on the International Monetary Fund and the World Bank to provide the necessary support to Iraq in the areas of exchanging experiences and training national cadres.

 The media office of the Chairman of the Finance Committee stated in a statement received by the Iraqi News Agency (INA), that “The Chairman of the Parliamentary Finance Committee, Atwan Al-Atwani, participated this evening, Monday, via closed-circuit television, in the deliberative meeting of the International Monetary Fund regarding the financial and economic situation in Iraq.”  

He added, "Al-Atwani provided a complete briefing on the financial and economic situation and the provisions and programs included in the tripartite budget law for the years (2023-2025) that are consistent with the government program to advance various sectors, activate the private sector, encourage investment, and support investors, in order to achieve sustainable development." 

Al-Atwani stressed, according to the statement, that “approving the tripartite budget gave the government great comfort in terms of contracting, implementing projects, and attracting foreign companies to implement major projects,” pointing out that “the Finance Committee, through monitoring spending and financing and implementing plans and programs, seeks integration between the legislative and executive authorities.” Because we want this government to succeed, especially since it is taking steady steps towards achieving the aspirations of the people.” 

Al-Atwani pointed out that “the National Service Government is serious about moving the wheel of the economy and development and has ambitious programs to advance various productive sectors and maximize non-oil revenues, to leave the state of excessive dependence on oil in forming the general budget.” 

Al-Atwani concluded his participation by calling on the International Monetary Fund and the World Bank to provide the necessary support. For Iraq in the areas of exchanging experiences and training national cadres, to develop our banking system, especially as we are moving towards activating the digital financial dealing system and automating taxes, customs and other service sectors that generate financial revenues for the state.  LINK

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

Clare:  The World Trade Organization approves new rules to facilitate the exchange of services

2/27/2024

On Tuesday, the World Trade Organization approved new rules to facilitate the exchange of services between more than 70 of its member countries, despite initial objection from India and South Africa.

 The European Union said in a statement that the agreement will contribute, by facilitating administrative mechanisms and technical rules, to reducing the costs of global trade in services by more than $119 billion every year, according to Agence France-Presse.

 In turn, European Trade Commissioner Valdis Dombrovskis explained, during the thirteenth Ministerial Conference of the World Trade Organization held in Abu Dhabi, that “reaching this result and integrating it into the World Trade Organization was not an easy matter.”

He added, "We faced opposition from two members of the organization, but the 'spirit of compromise' removed the obstacles in the end," without naming the two countries.

For her part, the Director-General of the Nigerian organization, Ngozi Okonjo-Iweala, thanked “India and South Africa for finding a way forward.”

The value of global services exports is estimated at more than $6.5 trillion, representing 23% of total global trade, according to the European Union.

The new WTO agreement applies to the 71 member states that have signed it – representing 92% of global trade in services – but businesses from other member states can benefit from it too.

China, the United States, and the European Union are among the signatories to the agreement, while India and South Africa have not signed it.

Costa Rican Foreign Trade Minister Manuel Tover, whose country led the negotiations on the agreement, considered it an “important stage” for the member states of the organization.

"This is the first result achieved by the WTO in the field of services in more than 25 years. It is a real success story for this organization," he said.  LINK

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

Clare:  The Minister of Commerce discusses with the Director of the International Trade Center the formula for joint action and support for Iraq to obtain membership in the WTO

2/26/2024

Today, Monday, in Abu Dhabi, the Minister of Commerce, Atheer Daoud Al-Ghurairi, discussed with Pamela Cook-Hamilton, Executive Director of the International Trade Center ITC in Geneva, the formula for joint action, supporting Iraq’s accession to the World Trade Organization, and strengthening the capabilities of the administrative staff on the economic and commercial tracks.

During the meeting, the Minister stressed the Iraqi government's desire to integrate into the global multilateral trading system to stimulate and revitalize the role of the Iraqi economy by supporting reforms and legislation to be consistent with the market system and enhancing the country's economic capabilities.

Minister Al-Ghurairi pointed out that we in Iraq need to focus support in intensifying training and capacity building to create models from a generation of trained employees who are aware of the vision of the principles and concepts of the market economy to be qualified to lead the next stage in light of the government’s approach to this aspect.

Al-Ghurairi continued by saying: We are happy to work with your team and the support provided to complete the files required for Iraq’s accession to the World Trade Organization, stressing the desire to benefit from the capabilities of the center and its training institute to train and create a diplomatic, commercial generation.

For her part, the Director of the Trade Center expressed readiness to provide more support to Iraq to fulfill the requirements of the next stage in building and strengthening the capabilities of the new generation in accordance with market standards to achieve sustainable development goals and develop the institutional capabilities of the relevant ministries, in addition to strengthening the capabilities of the private sector and small and medium enterprises and supporting youth projects.

And increase their skills, stressing the center’s commitment to Iraq in providing all the support and technical assistance it needs, along with the continuity of joint cooperation, in a way that serves the directions of the Ministry of Commerce in strengthening its work in formulating economic and trade policy. LINK

Clare:  The Minister of Commerce stresses the necessity of activating the joint committee between Iraq and Malta

2/27/2024   Baghdad

On Tuesday, Minister of Commerce Atheer Daoud Al-Ghurairi stressed the Iraqi government’s directions to expand and develop economic and trade relations at all levels with all countries of the world, while indicating the necessity of working to activate the joint committee emerging from the agreement signed between Iraq and Malta in 1985.  LINK

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

Clare:  The Minister of Commerce discusses in Abu Dhabi with the World Trade Organization the completion of procedures for Iraq to join the organization

2/27/2024

The Minister of Commerce, Atheer Al-Ghurairi, met in Abu Dhabi with Assistant Director-General of the World Trade Organization, Zunk Shank Shank, and discussed with him the completion of Iraq’s procedures to complete the required files, support reforms and legislation to be consistent with the market system, and strengthen the country’s economic capabilities to complete the requirements of the next stage of the accession process.

The Minister stressed in a statement, “the keenness of the working group on accession to continue by strengthening cooperation with the organization’s accession department and the head of the working group, Saudi Ambassador Saqr al-Muqbel, whose recent visit to Iraq provided great support for the efforts and steps taken by the national committee concerned with accession, which he chaired, to complete all requirements in a way that achieves Iraq's integration into the multilateral trading system.

During the meeting, the minister stressed "the hope that the efforts of the organization's working group will focus on supporting the accession of important countries, including Iraq."

Al-Ghurairi continued, "The Iraqi government, within its government program and the measures it took to raise the level of draft laws and support the role of the private sector, recorded international signals of its endeavor and eagerness to return to the economic system due to its geographical and economic importance in the region."

For his part, the Assistant Director General of the organization confirmed, “The organization is looking forward to and following the steps for Iraq’s accession carefully, given that Iraq is one of the important and powerful economies that is still outside the organization, and that Iraq’s presence within the organization’s membership will be a great added value to the organization and to the global economy.”

He praised the advanced stages accomplished by the Ministry of Commerce in terms of completing and submitting the technical files on goods and services in trade, which will speed up the holding of the third round of negotiations, wishing for the continuity and continuity of momentum and work to complete the requirements for accession, amend the required laws and legislation, and complete the technical files within their specified timing, as the team will present We support him to complete his journey to join and we celebrate him in the next ministerial meeting of the organization.”   LINK

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

Clare:  Parliamentary agreement with the European Union mission: European financial and banking institutions are preparing to invest in Iraq

2/27/2024

The Parliamentary Investment and Development Committee agreed, with the European Union mission in Iraq, on a number of economic files, while the European mission revealed new financial and banking projects to work in Iraq.

The head of the committee, Representative Hassan Al-Khafaji, said in a joint press conference today, Tuesday, “We hosted the European Union ambassador to discuss a number of files related to new legislation. We also agreed to cooperate to combat corruption, and to work together to allow European companies to enter the Iraqi local market, exchange economic and commercial experiences, and open new European factories.” In Iraq and refining the capabilities of Iraqi competencies in various fields.

He added, "We asked the European side to open a permanent office and headquarters inside Iraq because they currently have no headquarters except inside the British Embassy. We also asked to open banking branches in Iraq that finance industrial and investment projects, with full support provided by the government and the House of Representatives in matters of reconstruction, investment, and loans." He pointed out that there are currently joint projects in Baghdad, Babylon, and Karbala, where the European Union is interested in infrastructure. He

continued to say, “We requested funding for many projects, especially with Iraq’s accession to the International Arbitration Organization and the vote on the partnership law between the private and public sectors, which allows foreign companies to enter.” And to work in Iraq and participate with the private sector for reconstruction and building the new Iraq. We also agreed on unified action to bring in reputable companies similar to companies operating in the Middle East and international companies that contributed to building Iraq’s factories during the era of the eighties and seventies.

In turn, Ambassador Thomas Seller said, “We met with Parliamentary Investment and Development Committee: As a European Union mission, we concluded that the European Union must make more efforts for European companies to invest in Iraq, and we must work together to provide the conditions that enable Europe to invest more in Iraq.”

He added, "We discussed the legislative necessities in order to achieve economic stability in Iraq, as well as investment stability, and these are steps that must be taken by the Iraqi parliament, and there are many laws that support this, including the investment law, the partnership law between the public sector and the private sector, and others, and all of this is part of the trend." The government aims to combat corruption and support investment and the economy.”

He added, "We discussed many issues and details, and all of these are part of Europe's interest in the stability of Iraq, because we see that Iraq can play an important central role in the region politically and economically, and in order to achieve this we must talk about developing the European Union's investment programs, especially the financial and banking institutions, which are The European Bank for Reconstruction and Development, which we expect will soon come to work in Iraq, as well as the European Investment Bank, which is concerned with providing loans and expertise to support infrastructure projects.”

He explained, "This matter requires a lot of continuous work, but we have committed ourselves to working in this aspect for the benefit of the Iraqi citizen, and we will cooperate with the local authorities to achieve this." LINK

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"Tidbits From TNT" Tuesday 2-27-2024

TNT:

Tishwash:  House of Representatives: {Oil and Gas} is technical and can be passed

The Parliamentary Oil and Gas Committee pointed out that the oil law is one of the important laws that concerns all of Iraq and not the Kurdistan region alone, noting that its draft contains controversial points that need to be stopped, and despite this, the law can be passed.

Committee member Ali Al-Mashkoor explained, in an interview with Al-Sabah, that “there are seven points of contention regarding the oil law, some of which are administrative, some of which are professional, and the law cannot be proceeded with without being cleared by both parties,” indicating that “one of the administrative disputes in the law is the desire to The Kurdish side should have the right to veto the issuance of decisions.”

TNT:

Tishwash:  House of Representatives: {Oil and Gas} is technical and can be passed

The Parliamentary Oil and Gas Committee pointed out that the oil law is one of the important laws that concerns all of Iraq and not the Kurdistan region alone, noting that its draft contains controversial points that need to be stopped, and despite this, the law can be passed.

Committee member Ali Al-Mashkoor explained, in an interview with Al-Sabah, that “there are seven points of contention regarding the oil law, some of which are administrative, some of which are professional, and the law cannot be proceeded with without being cleared by both parties,” indicating that “one of the administrative disputes in the law is the desire to The Kurdish side should have the right to veto the issuance of decisions.”

Al-Mashkour added, “The region’s percentage in the budget came from the export value of oil, and now there is no export of the region’s oil, not even production,” noting that “the financial share is an entitlement separate from the oil entitlement that the region is supposed to pay, but it will constitute a future obstacle in the budget.” Although it is a fixed share, as it is the right of the Kurdish citizen.”

Al-Mashkoor expressed his optimism in passing the oil and gas law, and said that “the draft can be legislated within an understanding and complementary process, but imposing opinions is incorrect,” explaining that “the law was returned to the government without revision or amendment, even if there were disagreements on some of its points.” ". Al-Mashkoor stated that “the oil law guarantees the rights of all governorates in the available proportion,” pointing out that “some governorates are demanding an increase in their share, whether the request is professional or administrative.” link

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

Tishwash:  After the exchange volume exceeded one billion dollars.. an Iraqi-Syrian move to adopt currencies other than the dollar

The head of the Iraqi-Syrian Business Council, Hassan Sheikh Zaini, revealed that the volume of trade exchange between Iraq and Syria has exceeded the billion-dollar barrier, while pointing out that there is a mechanism to adopt currencies other than the dollar in this exchange.

Sheikh Zaini said, “The joint committees between the two countries are looking for a mechanism for trade exchange away from the dollar, since Syria currently exchanges in the European currency (the euro),” according to the official newspaper.

He added, "There are other platforms and currencies that Syria exchanges with other countries, and Iraq may benefit from them in the event of trade with them, especially with the volume of exchange between the two countries reaching more than a billion dollars annually."

He stated that "the two countries may use the Russian ruble, the Japanese yen, the Chinese yuan, the Emirati dirham, or other currencies to sustain trade exchange between them," calling for "the establishment of banks for commercial exchanges to enable the possibility of abandoning the dollar and creating another platform in this regard."

He pointed out that "the use of other currencies in trade exchange between Iraq and Syria reveals the two countries' need for each other, by benefiting from products of various types, industrial and agricultural."

He explained, "There are joint Iraqi-Syrian committees at most levels, such as agriculture, industry, trade, transportation, customs, and everything related to food and medicine. They supervise the entry routes for goods and seek to overcome many obstacles that may hinder joint trade between the two countries." link

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

Tishwash:  Al-Atwani calls on the International Monetary Fund and the World Bank to provide the necessary support to Iraq

Chairman of the Finance Committee, Representative Atwan Al-Atwani, called on the International Monetary Fund and the World Bank to provide the necessary support to Iraq in the areas of exchanging experiences and training national cadres.

The media office of the Chairman of the Finance Committee stated in a statement received by the Iraqi News Agency (INA), that “The Chairman of the Parliamentary Finance Committee, Atwan Al-Atwani, participated this evening, Monday, via closed-circuit television, in the deliberative meeting of the International Monetary Fund regarding the financial and economic situation in Iraq.”  

He added, "Al-Atwani provided a complete briefing on the financial and economic situation and the provisions and programs included in the tripartite budget law for the years (2023-2025) that are consistent with the government program to advance various sectors, activate the private sector, encourage investment, and support investors, in order to achieve sustainable development." 

Al-Atwani stressed, according to the statement, that “approving the tripartite budget gave the government great comfort in terms of contracting, implementing projects, and attracting foreign companies to implement major projects,” pointing out that “the Finance Committee, through monitoring spending and financing and implementing plans and programs, seeks integration between the legislative and executive authorities.” Because we want this government to succeed, especially since it is taking steady steps towards achieving the aspirations of the people.” 

Al-Atwani pointed out that “the National Service Government is serious about moving the wheel of the economy and development and has ambitious programs to advance various productive sectors and maximize non-oil revenues, to leave the state of excessive dependence on oil in forming the general budget.” 

Al-Atwani concluded his participation by calling on the International Monetary Fund and the World Bank to provide the necessary support. For Iraq in the areas of exchanging experiences and training national cadres, to develop our banking system, especially as we are moving towards activating the digital financial dealing system and automating taxes, customs and other service sectors that generate financial revenues for the state.  link

Tishwash:  Parliamentary Finance: Last year’s budget was not spent as required and we are waiting for the new schedules

Member of the Finance Committee in the House of Representatives, Jamal Kujar, said that the 2023 budget was not spent as required, indicating that the Council is waiting for the 2024 budget schedules to be sent from the government.

Cougar stated in a press interview, “The budget was voted on for a period of 3 years, and the government is required to send the schedules for the year 2024 and the paragraphs that may witness amendments, especially related to the numbers of oil quantities in the event of an increase or change, as well as the projects and costs that have been allocated to them.”

He explained, “If a project from the previous budget is completed, it will be removed from the new tables, as well as the paragraphs related to the Kurdistan region in the event of a change to it,” pointing out that “the Finance Committee has no comments on some of the items, since they were voted on, but there may be.” Notes to the government, and these will inevitably be amended.”

He pointed out that “the budget schedules have not yet been voted on in the Council of Ministers, because the mechanism for passing them begins with collecting the budgets of the governorates and institutions in the Ministries of Planning and Finance, and then a draft is prepared and sent to the Council of Ministers for discussion, amendment and correction, and then it is returned to the Ministry of Finance, to be completed.” They are finalized and sent again to be voted on in the Council of Ministers, and finally to the House of Representatives.”

Cougar stated, “The budget amounts will be close to the 2023 budget, and there may be an increase in them, since the deficit included in the 2023 budget has not been achieved, meaning that there is no real deficit occurring, and there is a delay in spending the budget, and this led to it not being spent in the required manner.”  link

Mot: . Amazing How This is Working - HUH!!!

Mot: They Say - Its NOT What Ya Say but How Yas Say it!!!

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Chats and Rumors, MarkZ Dinar Recaps 20 Chats and Rumors, MarkZ Dinar Recaps 20

"Coffee With MarkZ" Tuesday Morning Chat 2-27-2024

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, Mark and Family

Member:  My name is Inigo Montoya, you drank my coffee! Prepare to die! lol

Member: Wishing you all the greatest of Taco Tuesday Blessings!!! ;

Member: I "feel" great special news inbound in days ahead

Member: Is there any chance Iraq will go by themselves before the rest?

MZ: I think there is a slim chance.

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, Mark and Family

Member:  My name is Inigo Montoya, you drank my coffee! Prepare to die! lol

Member: Wishing you all the greatest of Taco Tuesday Blessings!!! ;

Member: I "feel" great special news inbound in days ahead

Member: Is there any chance Iraq will go by themselves before the rest?

MZ: I think there is a slim chance.

Member: If Iraq is on the WTO. That’s good news

Member: Are your bond contacts still not talking??

Member: I would not talk if I had an NDA….just sayin

MZ: Nader had a couple good videos…talking about sitting down with the IMF and world bank to provide the necessary support for Iraq. And the digitalization of the Iraq banking system . They are working heavily on the HCL right now to restore oil revenues to the Kurdish region and moving forward with the 3 year budget. . Be sure to go watch and share his videos. .

MZ: MilitiaMan also had a great one….be sure to watch it and like and share.

MZ: The World Trade Organization and the IMF and World Bank are there working with Iraq for the last week or two.  The WTO and Iraq are still talking about Iraq’s ascension to the WTO. Iraq has met all the markers and goals…..so we are waiting on that news.

Member: Mark, March 17th Iraq lost their sovereignty, and their anniversary is coming up. I wonder if it will happen this coming March the 17th?

MZ: “Twenty-five countries currently waiting to join BRICS-South African envoy”

MZ: “Argentina's president Milei is pushing a law that will imprison anyone in the central bank printing money”   I love it

MZ: “What are Shadow Banks and why are they failing in China?”  Shadow banks are unlicensed investment firms that acct as banks. They are really hurting bad . Along with Evergrande and Country Gardens and other massive housing companies failing in China.

MZ: European investment in China is under threat with failing shadow banks ….European banks are heavily invested in this sector which is imploding. They have invested Trillions in China which is now going belly up.

MZ: In 2008 Lehman brothers collapse was a fraction of that and nearly crashed the world financial system….. . We are looking at a 2-3 times higher collapse right now. We are watching the death of the fiat system. It is right in front of our eyes.

MZ: “The EuroZone is about to go bust”  This is published from the Telegraph in the UK .We are hearing reports that European banks and European Central Banks are losing money and posting losses.

Member:  I wonder will we actually see a crash or will it be covered up somehow? Been hearing about this crash for a long time.

MZ: I believe we will see a crash but they will do their best to blame Putin or anyone else they can as the latest boogeyman…but it wont hurt…imo

Member: I overheard the banks talking about getting money from the treasury not the federal reserve

Member: I can't wait to see/feel those Rainbow currency bills in person!

Member:  Mark do you think that our money surely will be safe at the RV

Member: If the QFS is real it will be…if not….well we may have to get creative to protect it…imo

Member: I think its good news for us that the head of the Rothschild banking cabal died this week!!!

Member:  I do believe Roth passing was the last marker ….always been told it would start in London let’s hope it flips from here

Mark what’s your gut telling you? Ive heard you say its not quite ready yet Whats your markers you’re looking for

MZ: I’m going to see if Sheila can join us tonight and give us an update. (CMKX and currency contact)

Member:  Lord, we are so weary, strengthen our resolve to help make this the world you wanted for us!

Member: ​​Mark I hope yuu have an awesome week -thanks as always for Great news

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