The Securities and Exchange Board of the India is expanding their framework of Qualified Stock Brokers. This is expected to protect the interest of investors and expand compliance for Stock Brokers engaged in asset exchanges such is foreign currency and more.

These registration requirements for compliance and security are expected within 180 days of March the 8th, 2024. Global Index Providers do not fall under this category. You will be glad to know that many of the foreign currency trades fall under this category.

This does not exclude this sector of the market from expansion or security compliance issues. It will be going through these economic reforms as well. We are just simply not going to have to wait for these changes to be complete to move forward.

Goldilocks' Comments and Global Economic News Thursday Evening 3-14-24

Good Evening Dinar Recaps,

In other words, India is going through a re-indexing process inside their stock market that will enable them to expand their Foreign Currency Exchange Market through the Unified Payments Interface (UPI). The UPI will allow India to focus on their ability to connect to Global Banks near and far through payment systems inside the QFS.

This will allow India to expand their ability to trade with local currencies around the world, instead of, just a few that fall into the category of a World Reserve Asset and higher values in a few other currencies. Affairs Cloud

~~~~~~~~~~

Janet Yellen, United States Secretary of the Treasury is now on record as finally admitting that Higher Inflation and Higher Yields Are Here to Stay.

“It seems unlikely that yields are going to go back to being as low as they were before the pandemic.” Yellen.

Remember, this refers to the old Financial System. Under a Digital Gold Standard Financial System, we will witness gold deflating an inflated economy.

Our tokenized assets are currently being interfaced into the new QFS allowing us to move into a decentralized system incorporating new banking protocols along with trading protocols that will transform our markets into real values.

It will change monetary values in every sector of the market including Forex. This is why many have called it a Global Currency Reset, but it includes every sector of the market and banking system as well. Wolf Street

© Goldilocks

~~~~~~~~~~

War Bonds are here...
Bond Investors Are Lining Up to Fund the War Against Putin. | Finance Yahoo

~~~~~~~~~~

RBI, Indonesia's central bank, signed local currency trade agreements. | IBEF

~~~~~~~~~~

Digital Financial Asset Announcement:

Russian President Vladimir Putin signed a law allowing firms in the country to use digital financial assets including the digital ruble in international payments on March 11.

Moscow has fast-tracked the bill in an apparent bid to help domestic companies use digital tokens and CBDCs to evade sanctions. Crypto News

~~~~~~~~~~

Hong Kong Banking Announcement:

Hong Kong begins phase 2 of CBDC pilot
Hong Kong’s central bank will accept proposals on potential use cases of a digital Hong Kong dollar from industry participants until May 17.

The Hong Kong Monetary Authority (HKMA) has launched phase two of its e-Hong Kong dollar (e-HKD) pilot program and urged industry participants to apply and submit potential use cases for its central bank digital currency (CBDC). Coin Telegraph

~~~~~~~~~~

$27 Trillion Expected to Flow into XRP, $500 Possible? | YouTube

~~~~~~~~~~

#Gold is stealing the spotlight this week, but where does #silver stand? | Youtube

~~~~~~~~~~

"Copper rally not over yet, Citi bullish on tighter supply outlook" | Investing
~~~~~~~~~~

I believe the cryptocurrency for copper is XDC. Not a suggestion, just an observation. 😉

~~~~~~~~~~

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DINARRECAPS8 3/14/24 DINARRECAPS8 3/14/24

Iraqi Dinar Video Updates Thursday Evening 3-14-24

Iraqi Dinar Video Updates Thursday Evening 3-14-24

Vietnamese Dong Latest Update Today – 3:11

WOW Big Latest Update IQD RV Approved Today – 2:53

US Bank Released New Rate Of IQD Today 2024 – 3:53

Iraqi Dinar Video Updates Thursday Evening 3-14-24

Vietnamese Dong Latest Update Today – 3:11

WOW Big Latest Update IQD RV Approved Today – 2:53

US Bank Released New Rate Of IQD Today 2024 – 3:53

Vietnamese Dong Latest Update Today – 3:11

https://www.youtube.com/watch?v=EZKREssg1X8

WOW Big Latest Update IQD RV Approved Today – 2:53

https://www.youtube.com/watch?v=93ZMtlwu6Rw

US Bank Released New Rate Of IQD Today 2024 – 3:53

https://www.youtube.com/watch?v=L9Y6VZOruB8

DINARRECAPS8 3/14/24 DINARRECAPS8 3/14/24

Iraq Economic News and Points to Ponder Thursday Evening 3-14-24

Tlm724 Administrator Bondlady’s Corner

Parliamentary Finance Committee: We Look Forward To Coordinating With The Central Bank To Increase The Value Of The Dinar And Control The Market

Thursday 14, March 2024 Economical Number of readings: 382 Laghdad / NINA / The Parliamentary Finance Committee expressed its aspiration to coordinate with the Central Bank to increase the value of the dinar and control the market.

She told the House of Representatives Media Department in a statement that, “The Finance Committee met under the chairmanship of Atwan Al-Atwani, in the presence of its members, with the Governor of the Central Bank, Ali Al-Alaq, to discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.”

At the beginning of the hosting, which was held at the committee’s headquarters, the Chairman of the Committee stressed “the importance of following up on the economic file and monetary policy, based on the supervisory side, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”

Iraq Economic News and Points to Ponder Thursday Evening 3-14-24

Tlm724 Administrator Bondlady’s Corner

Parliamentary Finance Committee: We Look Forward To Coordinating With The Central Bank To Increase The Value Of The Dinar And Control The Market

The Finance Committee expressed its "aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar and control the market in order to alleviate the burdens of citizens and address the deficit."

For his part, the Governor of the Central Bank reviewed, according to the statement, "the economic and monetary aspect, pointing out" the establishment of basic rules in order to monitor the remittance process and analyze monetary operations, praising "the role played by the Finance Committee in following up the country's financial and economic movement."

The committee discussed with the Governor of the Central Bank the approved international standards, future plans to improve the status of banks, the possibility of expanding relations with international banks, drawing up the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank law./End 5 https://ninanews.com/Website/News/Details?key=1112920

An Economist Identifies The "Ideal Solution" To Reduce The Dollar Difference Between The Official And The Parallel

Time: 03/14/2024 19:44:54 Read: 715 times {Economic: Al-Furat News} The economic expert, Bassem Jamil Antoine, identified today, Thursday, the “ideal solution” to reduce the dollar difference between the official and parallel ones.

Antoine told {Al-Furat News} that: “There is clear stability in the dollar exchange rates, and the difference between the parallel and official rates does not decrease easily.”

He stressed "the need to establish quick, firm and convincing measures."

Antoine stated, "Reviving the spirit of support between merchants and citizens and providing goods in the country from the public sector is the ideal solution to reduce the difference between the official and parallel prices." LINK

Central Bank Governor: Establishing Basic Rules To Monitor The Remittance Process

Time: 03/14/2024 14:01:08 Read: 2,327 times {Economic: Al-Furat News} The Governor of the Central Bank, Ali Al-Alaq, pointed out today, Thursday, the establishment of basic rules in order to monitor the remittance process and analyze monetary operations.

The Media Department of the House of Representatives stated in a statement received by {Al-Furat News}, “The Finance Committee, headed by Atwan Al-Atwani and in the presence of its members, met with the Governor of the Central Bank, Ali Al-Alaq, to discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.”

Al-Atwani stressed, “at the beginning of the hosting session, which was held at the committee’s headquarters, the importance of following up on the economic file and monetary policy, based on the supervisory side, and finding appropriate solutions to the obstacles facing the work of the Central Bank.”

The Finance Committee also expressed its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, control the market in order to alleviate the burdens of citizens, and address the deficit.

For his part, the Governor of the Central Bank reviewed the economic and monetary aspects, pointing out the establishment of basic rules in order to monitor the remittance process and analyze monetary operations.

Al-Alaq praised "the role played by the Finance Committee in following up on the country's financial and economic movement."

The Central Bank Announces An Understanding With The US Treasury To Reconsider The Sanctions Imposed On Iraqi Banks

Economy | 07:38 - 03/14/2024 Mawazine News - Baghdad, Governor of the Central Bank, Ali Al-Alaq, announced an understanding with the US Treasury to reconsider the sanctions imposed on Iraqi banks.

Al-Alaq said in a statement received by Mawazine News, “The instability of the dollar price is due to the presence of illegal trade carried out by small traders and some speculators.”

He pointed out that "we are coordinating with the relevant authorities to implement the plan to regulate foreign trade and continue to communicate with global correspondent banks."

https://www.mawazin.net/Details.aspx?jimare=243880

Romanowski: My Country Is Committed To Iraq's Security, Stability And Sovereignty

The US Ambassador to Baghdad, Alina Romanowski, expressed her country's commitment to Iraq's security, stability and sovereignty, indicating that the US administration stood shoulder to shoulder with Iraqi partners to liberate Iraq from the scourge of ISIS.

Romanowski said in an opinion article: We want the Iraqi security forces to have the capabilities necessary to confront future threats. For this reason, since 2012, the US Congress has allocated more than $3.5 billion to build the capabilities of the Iraqi security forces.

Romanowski added, the United States also provides Iraq with vital sustained support, world-class equipment such as F-16 fighter jets and M-1 Abrams battle tanks, and professional training.

https://www.radionawa.com/all-detail.aspx?jimare=37638

Al-Alaq Reveals Meetings With The US Treasury To Reconsider Sanctions On Iraqi Banks

Economy News – Baghdad On Thursday, Central Bank Governor Ali Al-Alaq revealed meetings with the US Treasury to reconsider the sanctions on Iraqi banks, while he discussed several files with the Parliamentary Finance Committee, most notably, addressing the gap in selling the dollar between the official and parallel rates.

A statement by the media office of Representative Atwan Al-Atwani, seen by Al-Iqtisad News, stated that “the Finance Committee, headed by Atwan Al-Atwani and in the presence of its members, hosted the Governor of the Central Bank, Ali Al-Alaq, to discuss a number of important files, most notably the procedures for addressing the large gap in selling the dollar between the official price and the parallel market.” As well as foreign trade transfers via the platform.

The meeting reviewed - according to the statement - “the file of US Treasury sanctions on local banks and the extent of their impact on monetary and financial policy and banking work in the country, and the measures taken by the Central Bank in this regard.”

The statement added, "They discussed the approved international standards and future plans to improve the reality of the banking system, the possibility of expanding relations with international banks, drawing up the structure of banks, and moving towards the electronic payment process, in addition to the possibility of amending the Central Bank law."

Al-Atwani stressed - according to the statement - “the importance of following up on the economic file, monetary policy, the external and internal remittance system, and finding appropriate solutions to the obstacles facing the work of the Central Bank,” indicating that “the government is making a great effort to maintain the stability of the local market during the blessed month of Ramadan, especially in... Regarding the selling prices of food and other necessary commodities.”

He continued, “We look forward to continued coordination and cooperation with the Central Bank in order to increase the value of the Iraqi dinar and control the local market in order to alleviate the burden of the citizen.”

For his part, the Governor of the Central Bank emphasized “Establishing basic rules in order to monitor the process of external and internal transfers, attributing the instability of the exchange rate to the existence of illegal trade carried out by small merchants and some speculators, which is financed by withdrawing the cash dollar from the market.”

Al-Alaq stressed, “The external sanctions imposed on a large number From our local banks, efforts and plans to open relationships and lines of communication with accredited international correspondent banks have been hindered,” explaining, “The process of printing the local currency is carried out in accordance with the required financial cover and in a way that balances the foreign and local currency and prevents any financial inflation.”

Al-Alaq stated, “We are currently coordinating with the relevant authorities regarding the implementation of the plan to regulate foreign trade, and we also have ongoing meetings with the US Treasury, and it was agreed to reconsider the sanctions imposed on Iraqi banks, and that such decisions should not be issued in the future except after discussing and informing the Central Bank of Iraq.” Being responsible for monitoring its activity.” Views 52 03/14/2024 - https://economy-news.net/content.php?id=41497

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

Provoking Points to Ponder on Decisions

There is no more miserable human being than one in whom nothing is habitual but indecision. - William James

In not making the decision, you've made one. Not doing something is the same as doing it. - Ivan Bloch

There is a time when we must firmly choose the course we will follow, or the relentless drift of events will make the decision for us. - Herbert B. Prochnow

You can only predict things after they've happened. - Eugene Ionesco

It is the mark of a good action that it appears inevitable, in retrospect. - Robert Louis Stevenson

http://famousquotesandauthors.com/quotes_by_topic.html

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

Dinar Recaps 20 3/14/24 Dinar Recaps 20 3/14/24

KTFA Thurs. Night CC: "FRANK26…..3-14-24……IQD UPDATE: THE SOUND HEARD AROUND THE WORLD"

KTFA

Thursday Night Conference Call

FRANK26…..3-14-24……IQD UPDATE: THE SOUND HEARD AROUND THE WORLD

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

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

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

KTFA

Thursday Night Conference Call

FRANK26…..3-14-24……IQD UPDATE: THE SOUND HEARD AROUND THE WORLD

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

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

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

https://www.youtube.com/watch?v=0NBzmu16aws

Dinar Recaps 20 3/14/24 Dinar Recaps 20 3/14/24

Thursday Evening News With MarkZ 3-14-2024

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: Great evening Mark Mods and everyone

Member: Hoping Mark has big news tonight

MZ: If any of you are questioning if this is ever going to happen …I want to give you some reassurance…..Here we are at Thursday and this is the second time this week …directly from the Iraqi Parliament: “ Pariamantary Finance and CBI discuss increasing the DINAR and controlling the market”

Thursday Evening News with MarkZ

Some highlights by PDK-Not verbatim

Member: Great evening Mark Mods and everyone

Member: Hoping Mark has big news tonight

MZ: In other words they need to remove restrictions on the banks and increase the value…that is how they control the market.

MZ: “ The finance committee expresses its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi Dinar and control the market” They need to change the value in order to alleviate the burdens of the citizens and address the deficit. Value will go up and deficit will go away.

MZ: They are still openly talking about it…again.

Member: Lots of talk…..now we need to see some action!!!

MZ: We still do not know the timing but I am going to reiterate that the weekend before last they formed a committee to help inform businesses and citizens how to deal with the changing rate and changing prices that is going to occur. This is huge.

Member: I think if they tell folks “It’s coming” It has already been done.

Member: So is this the hold up?

MZ: I don’t think it’s a hold up…It’s just us wanting it now.

Member: I was wondering if we waiting on the Treasury for the RV to be released here?

Member: Headline in Iraq: “Iraq announces deal with US to reconsider sanctions imposed on Iraqi banks”

Member: My mom called CHASE in Orange County , CA (city Aliso Viejo) the representative confirmed they are basal three compliant and that the QFS is coming down the pipes.

Member: My Cpa told me today that her banker said they also have the new currency in house, did not know when release day will be?

Member: My neighbors spouse works at Wells Fargo and they are going to a new business model (my words) of WF hubs. All employees will be required to live near the hubs.

MZ: Some world news: “Saudi Arabia to attend BRICS summit “ I am hearing they will join BRICS officially later in the month of April

Member: Are redemption staff on call?

Member: Tomorrow is the Ides of March…..will anything happen?

Member: So many people expecting something HUGE tomorrow!

Member: Hoping for a Golden Weekend and March Madness!

Member: To the PTB who are watching tonight. Please release the RV before Tax day….We do not want any more of our hard earned money going straight to the cabal/bad guys!!!

Member: Easter is on Mar. 31. Will the St. Germaine Trust finally be opened???

Member: Everyone have a good evening…..sweet RV dreams!

Member: LATER FOLKS!!! SEE YA IN THE AM!!!

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

ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

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=2_7I3FwOk4M

Dinar Recaps 20 3/14/24 Dinar Recaps 20 3/14/24

More News, Rumors and Opinions Thursday PM 3-14-2024

KTFA:

Clare: After hosting the Governor... Parliamentary Finance: We look forward to raising the value of the dinar

March 14, 2024 Baghdad

Today, Thursday, the Parliamentary Finance Committee expressed its aspiration to coordinate with the Central Bank to increase the value of the dinar and control the market.

A statement stated, “The Finance Committee met under the chairmanship of Atwan Al-Atwani, in the presence of its members, with the Governor of the Central Bank, Ali Al-Alaq, to discuss monetary policy, the banking system in the country, and ways to increase the value of the Iraqi dinar.”

KTFA:

Clare: After hosting the Governor... Parliamentary Finance: We look forward to raising the value of the dinar

March 14, 2024 Baghdad

Today, Thursday, the Parliamentary Finance Committee expressed its aspiration to coordinate with the Central Bank to increase the value of the dinar and control the market.

The Finance Committee expressed “its aspiration to coordinate with the Central Bank in order to increase the value of the Iraqi dinar, and to control the market in order to alleviate the burdens of citizens, and address the deficit.”

For his part, the Governor of the Central Bank reviewed “the economic and monetary aspect, pointing out” the establishment of basic rules in order to monitor the remittance process and analyze monetary operations, praising “the role played by the Finance Committee in following up on the country’s financial and economic movement.”

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

Clare: The Central Bank announces an understanding with the US Treasury to reconsider sanctions and indicates “illegal trade”

3/14/2024

On Thursday, the Governor of the Central Bank of Iraq, Ali Al-Alaq, announced an understanding with the US Treasury Department to reconsider the sanctions imposed on Iraqi banks, indicating at the same time “illegal trade” that causes the stability of the dollar exchange rate.

Al-Alaq said during his stay in the Parliamentary Finance Committee, according to a statement received by Shafaq News Agency, that “basic rules have been established in order to monitor the process of external and internal transfers, attributing the instability of the exchange rate to the existence of illegal trade carried out by small merchants and some speculators, which is financed by withdrawing the dollar.” Cash from the market.

He added, "The foreign sanctions imposed on a large number of our local banks have hindered efforts and plans to open relationships and lines of communication with accredited international correspondent banks," pointing to "continuous meetings with the US Treasury, and an understanding was reached to reconsider the sanctions imposed on Iraqi banks, and that Such decisions should not be issued in the future except after discussing and informing the Central Bank of Iraq, as it is responsible for monitoring its activity.”

He explained, “We are currently coordinating with the relevant authorities regarding the implementation of the plan to regulate foreign trade,” noting that “the process of printing the local currency is carried out according to the required financial cover and in a way that balances the foreign and local currency and prevents any financial inflation.” LINK

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

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

Frank26 The banks are not saying as much that it's a scam. If you hear someone that says it's a scam it's probably someone at the very front line. But once you get past them we're finding they have JP Morgan representatives at every Chase Bank it seems like. Perfect timing...Not one bank story has been negative in 8 or 9 days or so...The resistance is getting less and less. The force field is no longer at 10, it's probably at 1 or 2.

Mnt Goat Don’t be discouraged, the currency reform and banking process has come a very long way in a short period of time since January 2023 compared to waiting since 2011, when the plan originated with the IMF on how to turn the currency back on. So we went 11 years with not much progress then suddenly a huge jump which tells us something is up. This alone is all telling...If Iraq is to progress, as they say is their goal, they will need a globally recognized and traded currency once again and get it VERY SOON!

DISASTER... THE US ECONOMY IS COMING APART FASTER! JPM WARNING. WAR EXPANDS.

Greg Mannarino: 3-14-2024

https://www.youtube.com/watch?v=shcQkTQZh-M

TOO LATE: Yellen Is Forced To Admit She Was Wrong As Inflation Heats Up and US Deficit Surges

Lena Petrova: 3-14-2024

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

DINARRECAPS8 3/14/24 DINARRECAPS8 3/14/24

Iraqi Dinar Today Video Updates Thursday Afternoon 3-14-24

Iraqi Dinar Today Video Updates Thursday Afternoon 3-14-24

Its, Great Chase Bank Iraqi Dinar RV Processing 💱 New Exchange Rate – 3:08

Really Citi bank🏦 Iraqi Dinar RV Done 14 March 2024 – 3:42

IQD Exchange Rate Dropping Zeros to $4.25 Float – 2:57

Iraqi Dinar Today Video Updates Thursday Afternoon 3-14-24

Its, Great Chase Bank Iraqi Dinar RV Processing 💱 New Exchange Rate – 3:08

Really Citi bank🏦 Iraqi Dinar RV Done 14 March 2024 – 3:42

IQD Exchange Rate Dropping Zeros to $4.25 Float – 2:57

Its, Great Chase Bank Iraqi Dinar RV Processing 💱 New Exchange Rate – 3:08

https://www.youtube.com/watch?v=WUAvSvxJ9kU

Really Citi bank🏦 Iraqi Dinar RV Done 14 March 2024 – 3:42

https://www.youtube.com/watch?v=S3H5cx-bS8s

IQD Exchange Rate Dropping Zeros to $4.25 Float – 2:57

https://www.youtube.com/watch?v=VhJ-MQjI270

DINARRECAPS8 3/14/24 DINARRECAPS8 3/14/24

Iraq Economic News and Points to Ponder Thursday Afternoon 3-14-24

Tlm724 Administrator Bondlady’s Corner

An Independent Representative Stresses The Need To Legislate The Oil And Gas Law

Information/Baghdad... Member of the Parliamentary Oil and Gas Committee, Independent Representative Nazem Al-Shibli, stressed today, Wednesday, the necessity of passing the oil and gas law. Al-Shibli told Al-Maalouma,

“The oil and gas law is the only solution to solve the outstanding problems between the federal government and the Kurdistan region, and its legislation will resolve all disputes between the two parties.”

He added, "The House of Representatives has completed all sections of the law, but the government has amendments and comments on some paragraphs of the prepared law." He pointed out “the difficulty of resolving the problems with the region without the oil and gas law,” noting that “11 amendments were made to the law.”

Iraq Economic News and Points to Ponder Thursday Afternoon 3-14-24

Tlm724 Administrator Bondlady’s Corner

An Independent Representative Stresses The Need To Legislate The Oil And Gas Law

Since the first session of the Iraqi Council of Representatives, in 2005, the draft oil and gas law has remained locked away, as disagreements prevent its approval in its final form.

After 18 years, he announced the formation of a committee to develop “a draft of the oil and gas law and present it to the government and the House of Representatives, according to what MP Firas Al-Muslimaoui revealed. The representative stressed that “there is a real will in the House of Representatives to legislate the law.

Iraq exports an average of 3.3 million barrels of crude oil per day, and black gold constitutes more than 90 percent of the Iraqi treasury’s resources.”

https://almaalomah.me/news/58664/economy/نائب-مستقل-يشدد-على-ضرورة-تشريع-قانون-النفط-والغاز

The oil and gas law collides with disputes between the central and regional governments

Information/Report: There is still disagreement between Baghdad and Erbil over the oil file, which has remained an unresolved issue for more than two decades.

If the oil and gas law is passed, it will spark investments in the energy sector and enhance revenues for the public treasury.

A stable national road map for the oil sector will also be developed, attracting investments in oil and gas projects and establishing a unified oil policy, allowing Iraq to effectively benefit from its hydrocarbon potential, including in the Kurdistan region.

Previous parliaments had passed laws that address specific aspects of the oil industry, including the Crude Oil Refining Investment Law No. (64) of 2007, the Anti-Smuggling of Oil and Its Derivatives Law No. (41) of 2008, and the National Oil Company Law No. (4) for the year 2018.

Those who follow attempts to pass the law will find that the real and main reason for obstructing the passage of the law is related to political differences between Baghdad and Erbil.

A member of the Oil and Gas Committee, Bassem Ngemesh, confirmed this disagreement, and believed that these disagreements stand in the way of any attempt to pass the law under the dome of Parliament and obstruct the legislation of the strategic law. In an interview with Al-Maalouma, Naghimish said,

“The law awaits understandings between Baghdad and Erbil to legislate the oil and gas law under the dome of the House of Representatives,” noting that “passing the oil and gas law in the House of Representatives needs political consensus, which is what hinders voting on it until the moment.”

He explained that "the law was transferred many times during previous parliamentary sessions and was not included in the current parliamentary laws and legislation." He pointed out, "The oil and gas law is still a matter of controversy and disagreement among political parties."

For his part, a member of the Parliamentary Oil and Gas Committee, Representative Adnan Al-Jabri, confirmed that the issue of approving the oil and gas law is still a prisoner of the disputes and the Kurdistan region’s oil export crisis. Al-Jabri told Al-Maalouma,

“The law represents the management of oil wealth in general for the country and not just for the Kurdistan region, and it will include adding articles that serve the areas near the oil fields.”

The Kurdish parties continue to obstruct the government in approving the oil and gas law, which a vote on within the corridors of Parliament has become a must, in order to end the violations and thefts carried out by the Kurdistan Regional Government in the oil smuggling file.

In addition, Firas Al-Muslimaoui, representative of the State of Law parliamentary bloc, revealed the laws planned to be legislated in Parliament in the coming period. Al-Muslimaoui said,

The priority of the Presidency of Parliament and the House of Representatives is to legislate the laws sent by the government, and in the second stage come the proposals of laws and committees.” He added, "Among the important laws that Parliament intends to legislate after its draft arrives is the oil and gas law," stressing that "there is a parliamentary and governmental will to legislate it in a way that preserves justice in the distribution of wealth."

The Oil and Gas Law in Iraq, which has been awaiting legislation in Parliament since 2005, stipulates that responsibility for managing the country’s oil fields must be entrusted to a national oil company, and supervised by a federal council specialized in this subject. Ended / 25 AD

https://almaalomah.me/news/58684/economy/قانون-النفط-والغاز-يصطدم-بالخلافات-بين-حكومتي-المركز-والاقلي

Experts Call For Investing Surplus Financial Revenues In Sustainable Development Projects

Economical 03/14/2024 Baghdad: Hussein Thaghb Al-Tamimi Specialists and economic experts unanimously agreed on the importance of investments witnessed in the oil and gas sector,

provided that they achieve integration with other sectors that need the surplus funds that come into the country as a result of exporting crude oil to global markets, where

the surplus financial revenues can be used in projects. Economic development that achieves sustainable development for Iraq and seriously multiplies its financial resources.

Economic expert Salwan Al-Nouri confirmed that investment in the oil and gas sector represents an important step on the path to improving economic performance, as it provides additional financial revenue that can be used in development projects in all regions of Iraq, where natural resources are available, and we can also create successful local industries from it. The surplus financial revenues received by the country.

Al-Nouri pointed out thatany new investment represents an expansion in production, an increase in financial revenue, and a decrease in foreign imports.

Here, we can have bilateral partnerships with countries around the world and regional countries to create advanced projects that have a positive impact on the national economy, pointing to the possibility of cooperation with countries from which we import.

Among them, we work investment partnerships for new projects inside Iraq, and thus the benefit is shared and long-term. He pointed out that "the international reality and the events it is witnessing have a clear impact on the global economy, requiring us to build ideal relations with most countries importing crude oil, and from here we must begin building our relations with the oil markets, especially since Iraq is looking forward to expanding its production base." And exploration.

Economic affairs expert Aqeel Karam Al Hamad stressed that the expansion of oil and gas investment is extremely important, and we must have a clear vision to benefit from global experiences in this field, pointing to the necessity of having transformational industries to benefit from the oil and gas wealth available in the country.

Al Hamad pointed out that the expansion of oil and gas investment can activate other sectors with a sustainable development impact,

which requires us to take a serious approach to developing the oil and gas industries, and investing the financial surplus in achieving sustainable development for the country that Al Bari has bestowed many blessings that can be a center. He said that the country is in dire need of expansion in economic projects, and here local and international efforts can be invested to achieve progress, and

there is no harm in seeking assistance from international planning centers that draw the features of the sustainable development that the country seeks.

He explained that "Iraq is one of the oil countries that has its weight in the international oil market, which enhances its position among countries that wish to strengthen their relations with Iraq.

The Ministry of Oil had announced an expected measure within next year's plan 2024, which will contribute to resolving the gas crisis and reducing its imports, while It confirmed the existence of government interest and direction to increase gas production.

It is noteworthy that the advisor to the Ministry of Oil, Abdul Baqi Khalaf, said that “the government and the Ministry of Oil are interested in gas projects due to their

importance in the energy industry in Iraq, and reducing emissions at the same time,” pointing out that “according to the ministry’s plans drawn up next year 2024, no less than About 700 million cubic feet of gas in the projects of the second phase of Basra, NGL, the Halfaya 300 project, and the Nasiriyah project. Khalaf explained,

“This quantity is equivalent to more than half of the gas currently released,” stressing that “this will contribute to solving the gas crisis, and it constitutes more than half of Iraq’s gas imports.”

He pointed out that the sixth round of gas projects and the government’s interest in the Mansouriya and Okaz fields reflect the state’s interest in increasing our gas production to reduce the demand gap for electricity that currently exists in the country, and thus things are moving towards increasing our gas capacity. https://alsabaah.iq/93481-.html

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

Provoking Points to Ponder on Decisions

Necessity relieves us from the embarrassment of choice. - Vauvenargues

When you have to make a choice and don't make it, that is in itself a choice. - William James

A man without decision can never be said to belong to himself; he is as a wave of the sea, or a feather in the air which every breeze blows about. - John Foster

Nothing is so exhausting as indecision, and nothing is so futile. - Bertrand Russell

Not to decide is to decide. - Harvey Cox

Decision is a sharp knife that cuts clean and straight; indecision, a dull one that hacks and tears and leaves ragged edges behind it. - Gordon Graham

http://famousquotesandauthors.com/quotes_by_topic.html

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Dinar Recaps 20 3/14/24 Dinar Recaps 20 3/14/24

Revealing How Gold and Silver Move Toward Their True Value Through Overnight Resets

Revealing How Gold and Silver Move Toward Their True Value Through Overnight Resets

Lynette Zang: 3-14-2024

In this video, Lynette Zang delves into critical questions surrounding financial security during turbulent times, exploring the dynamics of gold, silver, and fiat currencies in the face of economic crises.

Drawing on historical precedents and real-time examples like Egypt's currency crisis, she uncovers the fundamental truths about sound money and the pitfalls of fiat currencies.

From the importance of owning physical assets to the hidden risks of inflation, this video offers indispensable knowledge for navigating today's uncertain financial landscape.

Join us as we empower individuals to take control of their financial futures and build resilient communities grounded in sound money principles.

Revealing How Gold and Silver Move Toward Their True Value Through Overnight Resets

Lynette Zang: 3-14-2024

Drawing on historical precedents and real-time examples like Egypt's currency crisis, she uncovers the fundamental truths about sound money and the pitfalls of fiat currencies.

From the importance of owning physical assets to the hidden risks of inflation, this video offers indispensable knowledge for navigating today's uncertain financial landscape.

Join us as we empower individuals to take control of their financial futures and build resilient communities grounded in sound money principles.

https://www.youtube.com/watch?v=me2yZomrY7I