Iraq Economic News and Points to Ponder Friday Afternoon 3-22-24

Iraq Economic News and Points to Ponder Friday Afternoon 3-22-24

Tlm724 Administrator Bondlady’s Corner

Adviser To The Prime Minister: The Decline Of The Dollar Is An Indicator Of The Strength Of The Dinar And A Tangible Success Of Economic Policy

    Time: 03/21/2024 Read: 4,381 times  {Economic: Al-Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed the strength of the dinar against the dinar after a relative decline in the exchange rate. Saleh told {Al-Furat News} agency,

  “We indicate the strength of the Iraqi dinar, expressed in the decline in the parallel market rates of exchange in favor of the official exchange rate, a tangible success in the cohesion of the country’s economic policy in its three aspects:   monetary,  financial, and  commercial, in providing a coherent climate of stability in the general level of prices.”

 And containing seasonal price fluctuations for high-demand items, specifically providing basic food commodities that have low price elasticities of demand because they are necessary commodities associated with consumption and daily living.”

 He noted "the importance and speed of customs procedures, which were represented by (reducing customs tariffs and diversifying imports without quantitative limits for necessary goods) as part of the performance of the financial policy in  supporting price stability and  ensuring the supply of food and essential goods and production supplies  at the official exchange rate and in accordance with the requirements of the national economy."

The Parliamentary Finance Committee had expected the dollar price to continue to decline as the results of the measures taken by the Central Bank of Iraq to limit the rise in the foreign currency began to appear.

The dollar exchange rate a few days ago was about 1,500 or 1,490 thousand dinars to the dollar.  

https://alforatnews.iq/news/مستشار-لرئيس-الوزراء-انخفاض-الدولار-مؤشر-على-قوة-الدينار-ونجاح-ملموس-للسياسة-الاقتصادية

Saleh Reveals The Reason For The Stability Of The Dollar In The Parallel Market And A Historical Reserve For Iraq

 Time: 03/22/2024 13:48:05 Read: 3,848 times {Economic: Al-Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, attributed the relative stability in the dollar exchange rate in the parallel market to stability in commercial bank financing. Saleh told {Al-Furat News} agency,

"The stability of the dollar exchange rates in the parallel market is due to the stability in bank financing of foreign trade for the private sector, which has begun to rely on stable official exchange rates on a large scale and is more flexible."

He noted that "the demand for foreign currency for the purposes of financing the country's foreign trade, on the part of the private sector, is today supported by large foreign currency reserves, which are the highest in the modern economic history of Iraq, which today touch approximately 111 billion dollars."

Saleh stressed that  “those high foreign currency reserves indicate the country’s annual trade efficiency of more than 16 months of import at least  compared to the global standard for the trade efficiency of foreign reserves, which is set at only about three months.”  

https://alforatnews.iq/news/صالح-يكشف-سبب-استقرار-الدولار-بالسوق-الموازي-واحتياطي-تاريخي-للعراق    

Parliament Finance Expects Exchange Rates To Continue In Iraqi Markets

 Money  and business  Economy News – Baghdad  Today, Thursday (March 21, 2024), the Parliamentary Finance Committee expected the continued gradual decline of the dollar exchange rate in the parallel market in the coming days.

Committee member Mustafa Al-Karaawi said, in an interview followed by Al-Eqtisad News, that “the decline in the market at the dollar exchange rate is the result of the decisions and measures taken months ago to confront the dollar crisis.

We have said from the beginning that resolving the crisis requires time, until the results of those emerge.” Decisions and actions.

Al-Karawi stated,   “The coming days will witness a continuous and gradual decline in the dollar exchange rate in the parallel market, and

this will push towards complete official control over the dollar, and will push prices in the market to be reduced, after they rose due to the rise of the dollar in the parallel market.”

It is noteworthy that the parallel market for the dollar has been witnessing for days in Baghdad and the rest of the governorates a noticeable decline in the exchange rate, as it recorded at 1,490 dinars after touching 1,700 dinars in the past months.

The Central Bank of Iraq sells the dollar at the official price of 1,320 dinars.   

Views 138     Added 03/21/2024 - https://economy-news.net/content.php?id=41702    

The White House: Biden Will Receive Al-Sudani On April 15

    Time: 03/22/2024 20:08:53 Read: 1,118 times  {Politics: Al-Furat News} The White House announced the date of Prime Minister Muhammad Shiaa Al-Sudani’s visit to Washington and his meeting with US President Joe Biden.

White House Press Secretary Karine Jean-Pierre said about Al-Sudani’s visit in a statement, a copy of which {Al-Furat News} received,

“On April 15, President Joe Biden will welcome Iraqi Prime Minister Muhammad Shiaa Al-Sudani to the White House to coordinate on common priorities and strengthen the strong bilateral partnership between the United States.” "And Iraq.

The leaders will reaffirm their commitment to the Strategic Framework Agreement and work to deepen their shared vision of a secure, sovereign, and prosperous Iraq fully integrated into the broader region." He added,

"President Biden and the Sudanese Prime Minister will consult on a range of issues during the visit, including our shared commitment to the enduring defeat of ISIS and the evolution of the military mission nearly ten years after the formation of the successful global coalition to defeat ISIS."

Biden and Al-Sudani, according to the statement, “will also discuss ongoing Iraqi financial reforms to promote economic development and progress toward Iraq’s energy independence and modernization.”  

 https://alforatnews.iq/news/البيت-الأبيض-بايدن-سيستقبل-السوداني-في-15-نيسان

Industry: The Cement Produced In Iraq Is The Best In The Region

Economy News – Baghdad   On Thursday, the Ministry of Industry and Minerals counted the number of factories that have stopped working, and while  it revealed a directive from Minister Khaled Battal Al-Najm to involve the private sector in reactivating them,  it indicated that most cement factories are operated by the gas system instead of black oil, confirming that the current production is the best in the region.

The Ministry’s spokeswoman, Doha Al-Jubouri, said in a statement reported by the official news agency, and seen by Al-Iqtisad News, that “the number of factories that have stopped working has reached 104, and the Minister of Industry, Khaled Battal Al-Najm, worked to form a committee to study their rehabilitation.”

  She added, "Some of these suspended laboratories suffer from age and delayed technology, while  others have expired and there is no point in rehabilitating them." She indicated,  "The Ministry of Industry worked to rehabilitate some of the stopped factories, and

they were equipped with new production lines, including the Babel Tire Factory, which produces them under the name (Babylon Tires) for saloon cars, light-duty vehicles, and agricultural tires.

The Al-Qaim Cement Factory was also rehabilitated." She pointed out,   “The Minister of Industry also directed that the factories that there is no point in rehabilitating them should enter into partnership with the private sector, whether it is a local, Arab, or foreign private sector, on the condition of  financial suitability,  sufficient experience, and  specialization, and be  offered for investment through conferences held by the ministry.”".

She went on to say:   “The Ministry of Industry will hold a mining conference during the next month of May, and will work to put forward the stalled factories that there is no point in rehabilitating for investment, with the aim of establishing new factories with modern production lines and advanced technology.”

Regarding its cement products, it confirmed that “the Ministry produces the best types of cement in the region and is certified by the Central Agency for Standardization and Quality Control.”

She explained,   “Most cement plants have switched from the black oil system to the gas system in order to preserve the environment, and the Minister of Industry directed that the rest of the cement plants switch to this approach.” Regarding the rest of the products, she indicated that

 “Diyala Company produces the best types of electrical transformers that are produced for the benefit of the Ministry of Electricity, and the Ur General Company in Dhi Qar Governorate produces electrical cables,” stressing that “the Ministry of Industry has excellent products for the benefit of the private sector and state ministries.”   Added 03/21/2024 - https://economy-news.net/content.php?id=41725     

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

Iraqi Dinar Today Video Updates Friday Afternoon 3-22-24

Iraqi Dinar Today Video Updates Friday Afternoon 3-22-24

Chase Bank Set on Screen IQD New Exchange Rate $3.22. – 4:27

World Bank Green Signal to Iraq On RV and Set New Rate – 5:04

WOW Amazing Wells Fargo Set IQD On Screen New Exchange Rate $4.25 – 4:31

Great News ,Central Bank of IRAQ Finally Hints IQD RV Exact Date And Time – 3:12

 Chase Bank Set on Screen IQD New Exchange Rate $3.22. – 4:27

https://www.youtube.com/watch?v=ZaBk5i_UWow

World Bank Green Signal to Iraq On RV and Set New Rate – 5:04

https://www.youtube.com/watch?v=gLBXy95f3nc

WOW Amazing Wells Fargo Set IQD On Screen New Exchange Rate $4.25 – 4:31

https://www.youtube.com/watch?v=-9Ner7OOhDY

Great News ,Central Bank of IRAQ Finally Hints IQD RV Exact Date And Time – 3:12

https://www.youtube.com/watch?v=kltgEMkt9Bo

Friday Night "Humor While We Wait" 3-22-2024

TNT:

Mot: ..Well, I've officially lost my mind...just thought you all should know.

Well, I've officially lost my mind...just thought you all should know.

The other night I was packing for a trip and I wanted to bring my favorite pajamas.

I checked my dresser drawer and they weren't in there so I checked the hamper. No pajamas.

Checked the random clothing on the floor. Not there either.

Checked the washer. Checked the dryer. No pajamas.

Baffled at this point, I began checking the kids' hampers. No pajamas.

Checked the kids' dressers to see if they were put in there by accident.

Still no pajamas.

As I walk into my bathroom thinking, "how can somebody lose PAJAMAS?" I FINALLY see them.

Staring back at me in the mirror.

BECAUSE I AM WEARING THEM.

If that isn't a middle-aged slap in the face, I don't know what is.

Mot:  .. After getting all of the Popes luggage loaded into the limo

After getting all of the Popes luggage loaded into the limo, (and he doesn't travel light), the driver notices that the Pope is still standing on the curb.

"Excuse me, Your Holiness," says the driver, "Would you please take your seat so we can leave?"

"Well, to tell you the truth," says the Pope, "they never let me drive at the Vatican, and I'd really like to drive today."

"I'm sorry but I cannot let you do that. I'd lose my job! And what if something should happen?" protests the driver, wishing he'd never gone to work that morning.

"There might be something extra in it for you," says the Pope.

Reluctantly, the driver gets in the back as the Pope climbs in behind the wheel. The driver quickly regrets his decision when, after exiting the airport, the Pontiff floors it, accelerating the limo to 105 mph.

"Please slow down, Your Holiness!!!" pleads the worried driver, but the Pope keeps the pedal to the metal until they hear sirens.

"Oh, dear God, I'm gonna lose my license," moans the driver.

The Pope pulls over and rolls down the window as the cop approaches, but the cop takes one look at him, goes back to his motorcycle, and gets on the radio.

"I need to talk to the Chief," he says to the dispatcher.

The Chief gets on the radio and the cop tells him that he's stopped a limo going a hundred and five.

"So bust him," says the Chief.

"I don't think we want to do that, he's really important," said the cop.

The Chief exclaimed," All the more reason!"

"No, I mean really important," said the cop.

The Chief then asked, "Who ya got there, the Mayor?"

Cop: "Bigger."

Chief: "Governor?"

Cop: "Bigger."

"Well," said the Chief, "Who is it?"

Cop: "I think it's God!"

Chief: "What makes you think it's God?"

Cop: "He's got the Pope as a chauffeur!!"

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

Mot: .. Value of a Good Education?? - Priceless!!!!

Mot: List of Sins

Mot: Conversations with a daughter

Mot:  ..... siiiggghhhhhh -- will I Be Able to Sleep tonight!!! 

The U.S. Senate repealed Iraq war authorizations a year ago. In the House, they’re frozen.

TNT:

Tishwash:  The U.S. Senate repealed Iraq war authorizations a year ago. In the House, they’re frozen.

By: Jennifer Shutt - March 21, 2024

 U.S. House Republican leaders have spent the last year holding up a broadly bipartisan, Senate-approved bill that would repeal the authorizations for use of military force from the 1990s and early 2000s that were intended for the wars in Iraq.

The Senate approved the legislation following a 66-30 vote last March, but it has remained stalled in the House ever since, despite broad support from conservative Republicans, centrist lawmakers and left-leaning Democrats in that chamber.

Authorizations for Use of Military Force, while not formal declarations of war, have become the more common way for Congress to authorize when and where the president as commander-in-chief can send U.S. troops into conflict.

Leaving an AUMF on the books, especially decades after lawmakers originally approved it, could provide an avenue for the president to send troops into war or engage in attacks that haven’t been debated and approved by lawmakers on behalf of the public, analysts and lawmakers warn.

In this case, however, emerging wars and armed conflicts in the Middle East have changed the tone of the debate about removing two Iraq AUMFs from the ledger.

Oklahoma Republican Rep. Tom Cole, one of the bill’s original co-sponsors, said in a brief interview with States Newsroom in mid-March there “hasn’t been a lot of oxygen” for the repeal bill to move through the House.

Cole, chairman of the Rules Committee, said he “hopes” leadership will see the bill warrants an up-or-down floor vote later this year.

“We ought to be looking for some things we can agree on on both sides and this is certainly one of them,” Cole said. “I think it’d get a good vote. So I’ll probably bring it up once we get through this period of time with the speaker and majority leader, and see if they’ve got any interest in it.”

The House bill to repeal the Iraq war AUMFs, which is a companion to the Senate-passed bill, has 71 co-sponsors that span the political spectrum and represent 30 states, showing the legislation could have the support needed to pass on an up-or-down vote.

Part of the slowdown, Cole said, is that the House Foreign Affairs Committee wants to take a different approach than what’s in the Senate-passed bill.

‘Repeal and replace’

House Foreign Affairs Chairman Michael McCaul, a Texas Republican, said during a hearing in September that his preference would be for Congress “to repeal and replace all the AUMFs with a new, more limited authorization scope to the terror threats that we face today.”

That process would include repealing the AUMF that Congress approved following the 9/11 terrorist attacks that has given several presidents broad authority to conduct military actions against terrorist organizations around the globe.

An entirely new AUMF would not provide any authority for U.S. troops to occupy a country or for American taxpayers to reconstruct it, and it would include a sunset date “so that Congress is required to review and reauthorize more regularly,” McCaul said during that hearing.

“Doing this is hard and that’s why we haven’t done it in 22 years,” McCaul said at the time. “To succeed, a new AUMF requires bipartisan, bicameral and presidential support, and it will require us to answer tough questions, such as which terrorist organizations should be covered.”

New York Democratic Rep. Gregory Meeks, ranking member on the committee, said during the hearing he believed both parties could agree that “we need to have this debate and we need Congress to reassert its proper authority over the power to declare war under the Constitution.”

“The time to pass repeal and replace of the 2001 AUMF legislation is now long overdue,” Meeks added. “The American people elected us to make tough decisions, not duck hard questions by ceding our constitutional authority over the executive branch.”

The House committee, however, hasn’t released its own bill to address the AUMFs in the six months since the hearing.

That leaves the Senate-approved bill and the identical House version as the most likely option to be enacted during an election year.

Hostilities in Middle East

Virginia Democratic Sen. Tim Kaine, co-sponsor of the Senate version of the bill, said during a brief interview with State Newsroom that conflicts throughout the Middle East have “complicated” discussions about moving the measure through the House.

“My colleagues still want to do it, but I frankly think the increased pace of hostilities in the Middle East has complicated it — even though there’s nothing about Iraq that is related to these,” Kaine said.

The change in speaker of the House has also altered the original plan for debate and a vote in that chamber.

“The speaker had made a commitment that he would bring the bill up for a vote. They sacked the speaker,” Kaine said, referring to former Speaker Kevin McCarthy of California. “So it’s kind of back to square one with the new speaker.”

The current slate of House GOP leaders has so far shied away from moving the issue forward, possibly because the current team all voted against a similar bill that was brought to the floor in June 2021.

Speaker Mike Johnson of Louisiana, Majority Leader Steve Scalise of Louisiana, Republican Whip Tom Emmer of Minnesota and Conference Chair Elise Stefanik of New York all voted against a bill to repeal the 2002 Iraq war authorization for use of military force, or AUMF,  that passed that chamber on a 268-161 vote.

Indiana’s Young says effort should be made

Indiana Republican Sen. Todd Young, co-sponsor of the stalled Senate legislation, said during an interview with States Newsroom it would be “challenging” to move the bill forward in the House now, but said he believes lawmakers “should absolutely make an effort to get a vote.”

Young said conflicts throughout that region have changed the dynamics around approving the AUMF repeal bill, though that should not lead lawmakers to step back from having complicated conversations about when and how the U.S. military uses force.

“Here we are with members of Congress, who are notoriously risk-averse, attempting to deal with a multi-front crisis — Ukraine, Indo-Pacific, Middle East, southern border and so forth,” Young said.

“And there is an incentive to generously read long-standing, but outdated legal authorities in such a way that is highly deferential to the president,” Young added. “Unfortunately, to do so would be a gross abdication of our responsibilities in Congress to not just oversee military activities, but to actually authorize them.”

Young said he’s been asking questions about how the Biden administration is justifying using U.S. troops to counter attacks by Houthis on commercial shipping vessels in the Red Sea.

“I’m very, very concerned that if Congress doesn’t specifically authorize the use of military force in a situation like this, we’re going to end up with another potential Iraq scenario,” Young said. “And none of my constituents want that.”

Virginia Democratic Rep. Abigail Spanberger said in a written statement to States Newsroom that last year she “was proud to see my colleagues in the U.S. Senate vote to remove this outdated war authority from the books — voting to pass a bill that I am proud to help lead in the U.S. House.”

“This authorization is long overdue for repeal, which is why we have voted multiple times to repeal the 2002 AUMF with bipartisan support,” Spanberger said. “The responsibility is now on Speaker Johnson to bring our bipartisan legislation to the floor of the U.S. House and demonstrate that we are serious about reclaiming our fundamental and constitutional authority to make decisions of war and peace.”

Johnson’s office did not return a request for comment on the AUMF repeal legislation.

‘A debate more about the past’

Michael O’Hanlon, senior fellow and director of foreign policy research at the Brookings Institution, said in an interview with States Newsroom that trying to repeal old AUMFs is more of a theoretical than practical discussion right now, possibly slowing down the process.

“It’s almost a debate more about the past than it is about the future,” O’Hanlon said.

The AUMFs for the Iraq wars are “basically obsolete,” though O’Hanlon said, “there could be real value in updating (the 2001 AUMF) to extend it to the kind of groups that have actually been more involved in attacking U.S. forces in the region recently.”

There are also bigger, potentially more consequential debates that Congress should be preparing for, he said.

“The retracting of the Iraq resolutions strikes me as more political theater than anything else on balance,” O’Hanlon said. “The much more consequential issue to me is, what role would Congress play if China ever attacked Taiwan?”

Such a war would not be covered by any of the existing AUMFs that Congress has enacted in recent decades, likely setting off a frenzied debate about war powers between Congress and the president.

“And yet, the debate seems so hung up on the whole legacy of the forever wars in the Middle East that this giant elephant in the room is being ignored,” O’Hanlon said. “And President (Joe) Biden has said four times in the past that if China attacked Taiwan, that we would protect Taiwan. And he’s never acknowledged a role for Congress. To me, that is the real story.”

The U.S. Constitution grants Congress the authority “to declare War, grant Letters of Marque and Reprisal, and make Rules concerning Captures on Land and Water.”

But presidents have long used AUMFs or declarations of war to justify military operations that might not have been expected or intended when Congress approved the measures.

“The landmark legislation on this in some ways was the War Powers Act of 1973, which was out of frustration with Vietnam, where Congress had just passed one little resolution about a small exchange of gunfire in 1964 and it wound up being used to justify and authorize the entire Vietnam War,” O’Hanlon said. “And, you know, 56,000 American dead later, Congress tried to be more assertive.”

In the decades since the legislation was approved, O’Hanlon said, there has been a recurring tug-of-war between the president as commander-in-chief and legislative branch about when and how the U.S. military can use force.

“There’s a long history of Congress, trying to have some influence but not really always wanting to declare war, not always feeling it’s realistic to reach that standard,” O’Hanlon said. “And yet not wanting to let the president just do whatever he wants.”  link

Goldilocks' Comments and Global Economic News Friday Evening 3-22-24

 Goldilocks' Comments and Global Economic News Friday Evening 3-22-24

Good Evening Dinar Recaps,

USDC and XRP Announcement:

Ripple is setting the stage for expansive growth inside the new Digital Economy. XRP is a Bridge Digital Currency capable of exchanging foreign currencies from different countries within a matter of seconds.

Over 1,500 projects Globally are presently leveraging XRP’s Ledger. Now, Circle is thinking about bringing its U.S. Dollar Stablecoin (USDC) to the Ripple (XRP) Ledger.

This is a wonderful opportunity for the XRP Ledger Network to expand and grow going forward. Given its own ledger and payment coin network capable of working seamlessly together, XRP is set to expand on a massive scale in the new Digital Economy.   Coinpedia 

©✓Goldilocks

~~~~~~~~~

It's time for gold to begin to shine. Governments have been buying it. Central Banks have been buying it. The World Bank has it. And, the IMF has it.

The wealthy are beginning to buy gold. Credence and honor to this well-deserved metal is now being made known in the retail sector.

"Consumer spending consistently accounts for about 70% of the U.S. economy."

People are waking up to the fact that the government is not going to save them going forward. The geopolitical tensions and debt among countries and within people's own countries are the driving force of this new trend.

As people wake up to the power of gold and other commodities, the number of people purchasing these precious metals are beginning to see it's real value like never before in history. Reuters  Investopedia
© Goldilocks

~~~~~~~~~

Gold is pricing in money printing. When the FED begins to lower interest rates, the value of gold begins to increase all assets that it supports.

At this time, many of our new Digital Assets have gold baked into their values. Inflation is continuing to climb causing many distortions into our assets across every sector of the market.

These distortions are expected to be replaced gradually with new digital assets backed by gold giving our economy a real value to work with going forward on the QFS.

These next few months can be characterized as a replacing of the old economy with a new economy based on gold as money moved across continents under a new Digital Financial Framework.

Everything is about to turn to gold. "All roads lead to gold and gold will set us free." NASDAQ

© Goldilocks

~~~~~~~~~

"The Ministry of Oil has announced a reduction in oil exports to an average of 3.3 million barrels per day (bpd) for the coming months, aimed at absorbing the recent increase in Iraq's production recorded in January and February."

New price valuations are coming for the oil sector, and placing tight regulations on a certain amount of production allows for the assessment of new values to be accurately assessed.

The next few months will give us an idea how oil reacts to new predetermined price valuations that will be placed on it based on trading in new local currencies backed by gold above and beyond working with a predetermined price of the dollar in exchanges correlated with a programmed value placed on their own currency.

At this time, Iraq is able to test and measure their own currency's value based upon new exchange mechanisms being placed inside the new digital economy. These new valuations will be tested in the New World and the New Global Digital Economy.  Iraq Business News

© Goldilocks
~~~~~~~~~

Amid Weak Demand for Existing Homes, Active Listings & Price Reductions Jump, Listing Prices Weaken | Wolf Street

~~~~~~~~~

SEC Adopts Expanded Exchange Act Dealer Rules: What Do the New SEC Rules Mean for DeFi? | BCLP - JDSupra

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"Imagine a world where combatant commanders can see everything they need to see to make strategic decisions," Martell said in painting a picture of the AI-enabled future for the audience. "Imagine a world where those combatant commanders aren't getting that information via PowerPoint or via emails from across the [organization] — the turnaround time for situational awareness shrinks from a day or two to 10 minutes."  | Defense News
~~~~~~~~~

Ukraine's survival in danger, Pentagon chief warns | Yahoo News

~~~~~~~~~

US-based Central Bank taps TCS for core banking upgrade - FinTech Futures: Fintech news

~~~~~~~~~

(Madison, Wisconsin) – The Wisconsin Senate has voted in favor of Assembly Bill 29 to end the sales tax on purchases of gold and silver. Joining the state Assembly, which overwhelmingly voted to approve this law last week, Senators voted 23-9 in favor of this pro-sound money legislation. The bill will now be transmitted to Gov. Tony Evers for his signature.  Sound Money Defense

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Mexico Central Bank Delivers First Interest Rate Cut Since 2021 - Bloomberg

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Bank of England’s Quick Pivot Puts June Rate Cut in Focus | Finance Yahoo

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IQD Exchange Rate Iraq  IMF Report on CBI  Latest News Weeks End 3/ 22 /24 Anti-Aircraft Weapons | YouTube

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From today's information, it looks like they are accelerating timelines for Stablecoins.
© Goldilocks

~~~~~~~~~

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More News, Rumors and Opinions Friday Afternoon 3-22-2024

TNT:

Tishwash:  Briefing Room Whitehouse.gov

Statement from Press Secretary Karine Jean-Pierre on the Visit of Prime Minister Mohammed Shia’a Al-Sudani of Iraq to the White House

On April 15, President Joe Biden will welcome Prime Minister Mohammed Shia’a Al-Sudani of Iraq to the White House to coordinate on common priorities and reinforce the strong bilateral partnership between the United States and Iraq. 

The leaders will reaffirm their commitment to the Strategic Framework Agreement and deepen their shared vision for a secure, sovereign, and prosperous Iraq fully integrated into the broader region.  President Biden and Prime Minister Sudani will consult on a range of issues during the visit, including our shared commitment to the lasting defeat of ISIS and evolution of the military mission nearly ten years after forming the successful Global Coalition to Defeat ISIS.

They will also discuss ongoing Iraqi financial reforms to promote economic development and progress towards Iraq’s energy independence and modernization.  link

Tishwash:  Al-Sudani will visit Washington next month and discuss the dollar and the development of the military mission

Statement from the White House

White House Press Secretary Karine Jean-Pierre said on Friday that US President Joe Biden will welcome Iraqi Prime Minister Muhammad Shia al-Sudani to Washington on April 15 to discuss common priorities regarding the dollar and developing the military mission.

Statement by Karine Jean-Pierre:

On April 15, President Joe Biden will welcome Iraqi Prime Minister Muhammad Shia al-Sudani to the White House to coordinate on shared priorities and advance the strong bilateral partnership between the United States and Iraq.

Leaders will reaffirm their commitment to the Strategic Framework Agreement and work to deepen their shared vision of a secure, sovereign, and prosperous Iraq fully integrated into the broader region.

President Biden and the Sudanese Prime Minister will consult on a range of issues during the visit, including our shared commitment to the enduring defeat of ISIS and the evolution of the military mission nearly a decade after the formation of the successful global coalition to defeat ISIS.

They will also discuss ongoing Iraqi financial reforms to promote economic development and progress towards Iraq's energy independence and modernization.  link

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

KTFA:

MAllen:  I’m not very smart, but if the dinar become more valuable than the dollar then the game is over.  So just do it, what a better way to clean up the parallel market than to just change the rate.  Or tell the world, things will take care of itself.

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

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

Frank26   You think they froze everything, paying everybody and having a normal functioning government just for the heck of it?  You think they did it to 3 budgets retroactive...?   There's a new exchange rate...This budget is about to be brought back.  The time of overlapping with all the things we're seeing is incredible.  It's wonderful.  Because they're in the process of raising the value of their currency of course you got to recalculate the budget...

Mnt Goat   ...another article came out from the CBI telling us about yet another step in the RV/Reinstatement process is about to be implemented...The reinstatement is coming and I firmly believe from what we now know we are about to witness the major part of the Banking Reforms that everything else was geared up to support over the past 10 years.  Iraq is now slowly getting out of the sanctioned mindset / banking practices and return to common international banking practices of how they will be doing business with the rest of the world. Yet more evidence of it this period of news in March.

Expect A DRAMATIC TURN FOR THE WORSE for The Economy.. With MUCH Higher Stock Prices.

Greg Mannarino:  3-22-2024

https://www.youtube.com/watch?v=cAqH-gykX_E

The Great Crash Just Started, Black Monday Is Not What You Think

Atlantis Report:  3-21-2024

In the midst of economic turmoil, alarm bells are ringing louder than ever. Despite efforts to contain it, inflation persists, squeezing budgets and rattling markets.

Uncertainty looms over job security as revisions reveal a less rosy picture of employment gains. The once-promising gig economy now faces imminent collapse, threatening the financial stability of millions.

And as if these weren't enough, the banking sector stares down the barrel of potential disaster, with bank failures looming.

 Black Monday is not what you think.

https://www.youtube.com/watch?v=72S2IGg5nWo

Iraqi Dinar Today Video Updates Friday AM 3-22-24

Iraqi Dinar Today Video Updates Friday AM 3-22-24

Its, Really Huge Announcement Latest Exchange Rate – 3:21

Great News US Treasury Confirm IQD Revaluation – 2:40

Chase Bank Wealth Manager Give ➕sign IQD RV in Coming Days – 3:28

WOW Stabilizing Iraq's Exchange Rate  A Turning Point in Revaluation – 4:57

 Its, Really Huge Announcement  Latest Exchange Rate – 3:21

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

Great News US Treasury Confirm IQD Revaluation – 2:40

https://www.youtube.com/watch?v=drFelYc5t7U

Chase Bank Wealth Manager Give sign IQD RV in Coming Days – 3:28

https://www.youtube.com/watch?v=VP41132C4sU

WOW Stabilizing Iraq's Exchange Rate A Turning Point in Revaluation – 4:57

https://www.youtube.com/watch?v=86GYoEYow3E

This Is The Endgame For Fiat Currency | Keith Weiner

This Is The Endgame For Fiat Currency | Keith Weiner

Liberty and Finance:  3-21-2024

"This is the endgame of irredeemable fiat currency," says Monetary Metals CEO Keith Weiner.

He sees public officials continuing to kick the can down the road further, but says "Ultimately the whole monetary system dies. There's no good outcome."

He discusses holding precious metals for protection and says everyone should own some gold. "Gold is the thing that they can't debase."

INTERVIEW TIMELINE:

 0:00 Intro

1:30 Gold outlook

14:30 Inflation

25:58 Productivity crisis

29:21 Collapse inevitable

33:00 Owning gold

https://www.youtube.com/watch?v=X3aWdbHjmds

MarkZ and Michael Cottrell Friday Morning Chat 3-22-2024

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

MarkZ  Update- Some highlights by PDK-Not verbatim

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

Member: Good Friday Morning…..Praying for some action this weekend

Member: It would be about time for an Actual Announcement to get this  show to The End!

Member: I wonder if the only thing we're waiting for is the US??

MZ: It has been quiet out of Iraq but, there is lots of expectations. I lost another bond holder source overnight last night as they said they are going to go quiet. Not an official NDA….but they believe their payment is pending and have gone quiet to be safe.

MZ: There is movement from what I call a “Massive whale” he’s in between a whale, paymaster and group leader. He was asked to pack his bags and get to Reno. I think that is a positive sign.

MZ: There has been a lot of travel requests in the last day or so to get headed west.

Member: I don’t understand why they would have to go to Reno to get paid.

Member: In this day and digital age- its kinda strange

MZ: “36 countries apply to join the BRICS alliance in 2024” These are developing countries –commodity rich countries. This is huge news as BRICS is gaining massive steam.

MZ: “Country Garden and Vanke to expose extent of China’s property crisis” This is from Bloomberg.

Member: Wolvie said Farm Claims are being paid out. I also saw another post from a person who has started receiving their Farm Claim funds.!!!!

MZ: I know a number of original farm claim folks…and they have not reached out to me that they have received anything. I have seen some chatter on the Pigsford(?)  farm claims…but am waiting for one of the original FC folks to get paid. Then I will be beyond excited.

Member: Wolvie also said the Chinese elders want it done by Easter

Member: I heard a rumor that things might start when Sudani goes back to Iraq from a meeting in the U.S.

MZ: We are still looking for when Sudani is in the US and any details….Nothing yet.

Member: Bank Story. 3 international wire transfers in 2024 took 5 days to confirmation. This week sent Monday confirmation received Tuesday. QFS???

Member: Wealth manager in houston texas JP Morgan chase branch. Has heard of the RV and knows chase is part of it. He didn't have any news but he knew about it. .

Member: What is the difference between historical bonds and zim bonds?

Member: Historical bonds are : Yellow Dragon Bonds, Chinese Railroad Bonds, bonds bought a long time ago. Zim bond should be 2008 or 2009, series Aa or AB, and say "pay to bearer" on them.

Member: Thanks to all for the encouragement. Pray something big happens this weekend….something real.

Member: Come on RV…….the world is ready for you.

Member: Stay positive, The Best is Yet to Come!

Mr. Cottrell joins the stream today. Please listen to the replay for his  information and opinions.

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

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

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

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram

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

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

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

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

"Tidbits From TNT" Friday Morning 3-22-2024

TNT:

Tishwash:  Adviser to the Prime Minister: The decline of the dollar is an indicator of the strength of the dinar and a tangible success of the economic policy

The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed the strength of the dinar against the dinar after a relative decline in the exchange rate.

Saleh told {Al-Furat News} agency, “We indicate the strength of the Iraqi dinar, expressed in the decline in the parallel market rates of exchange in favor of the official exchange rate, a tangible success in the cohesion of the country’s economic policy in its three aspects: monetary, financial, and commercial, in providing a coherent climate of stability in the general level of prices.” And containing seasonal price fluctuations for high-demand items, specifically providing basic food commodities that have low price elasticities of demand because they are necessary commodities associated with consumption and daily living.”

He noted "the importance and speed of customs procedures, which were represented by (reducing customs tariffs and diversifying imports without quantitative limits for necessary goods) as part of the performance of the financial policy in supporting price stability and ensuring the supply of food and essential goods and production supplies at the official exchange rate and in accordance with the requirements of the national economy."

The Parliamentary Finance Committee had expected the dollar price to continue to decline as the results of the measures taken by the Central Bank of Iraq to limit the rise in the foreign currency began to appear.

The dollar exchange rate a few days ago was about 1,500 or 1,490 thousand dinars to the dollar.    link

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

 Tishwash: Revealing a move to lift US sanctions on banks

Today, Thursday, a member of the House of Representatives, Muhammad Saadoun, revealed a government move to lift the sanctions imposed on Iraqi banks by the US Federal Reserve, while confirming that the joint committees have made great progress in the ongoing negotiations on many files.

In an interview with the Maalouma Agency, Saadoun said, “The file of removing American combat forces is the first file in the negotiations,” noting “the necessity of giving the government a full opportunity in the negotiations with Washington.”

He continued, "The files being discussed now are not limited to combat forces only, but also include the economic and political aspects," pointing out that "the government's efforts have begun to lift the sanctions imposed on banks." 

Saadoun concluded his speech: “The removal of American combat forces has reached advanced stages in terms of setting the timetable and other points,” indicating that “the joint committees have made great strides in the ongoing negotiations on many files.”

The US Treasury Department had imposed sanctions yesterday. On 14 Iraqi banks in order to remove them from the currency auction platform at the Central Bank, and this is what many consider to be a purely political decision to bring the dollar crisis back to the forefront again. link

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

CandyKisses:  Iraq opens new consulate in China

Baghdad - Iraq Today:

 The opening of the Iraqi Consulate General in Guangzhou, China, was announced at a ceremony attended by the Director General of the Consular Department of the Chinese Ministry of Foreign Affairs Wu Xi, Vice Governor of Guangdong Province, Lin Tao, and the Iraqi Ambassador to China Saeed Sahud, Consul General in Guangzhou, according to a statement by the Chinese Embassy in Iraq.

"On behalf of the Ministry of Foreign Affairs, Wu Xi congratulated the opening of the Consulate General of Iraq in Guangzhou," the statement said.

The statement quoted Wu Xi as saying, "2024 is a crucial year to comprehensively promote Chinese-style modernization. Under the wise leadership of President Xi Jinping, China strives to promote high-quality development and build a community with a shared future for mankind.

China and Iraq have a deep traditional friendship and have forged a strategic partnership, she said. We believe that the establishment of the Consulate General will provide a new window for mutually beneficial cooperation and friendly exchanges between China and Iraq, according to the statement.

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

CandyKisses:  Sudanese adviser reveals benefits of Iraq joining European Bank membership

Mawazine News

The Prime Minister’s Advisor for Finance, Mozhmeh Mohammed Saleh, on Friday summarized the benefits of Iraq joining the membership of the European Bank for Reconstruction and Development.

Saleh said, to the official agency of his follower / Mawazine News, that "There is a positive syndrome between building the development strategy embodied today by the government's philosophy of launching the development initiative with comprehensive sectoral economic links, which is called the project (development road), which is the corridor and strategic project that connects the European Union countries in Asia through Iraq and the Gulf maritime corridors and vice versa on the one hand

And the requirements for implementing the various stages of the development road through the role occupied by Iraq's membership in the European Bank for Reconstruction and Development on the other hand, especially in the preferences of obtaining European technology and ensuring the role of EU countries companies in implementing the development path with its joints, whether in infrastructure and projects industrial productivity and various logistics services.”

He added that "the membership provides our country with the likelihood of obtaining easy financing, technical assistance and its requirements Europe in supporting development activity in our country in its various joints and sectors," continuing that "Iraq's accession to the membership of the European Bank for Reconstruction and Development represents a broad view that carries strategic dimensions in the cohesion of the climate of economic development in Iraq and in accordance with the requirements of the government program and the national development plan 2024-2028, while embodying the needs of our country for the sustainability of international cooperation in reconstruction, development and sustainable development in the long term."

Mot: ...... YAHoooooooooooooooooo 

Mot: .... He Wanted to See Her in a Tank Top - Sooo She ~~~~

News, Rumors and Opinions Friday AM 3-22-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 22 March 2024

Compiled Fri. 22 March 2024 12:01 am EST by Judy Byington

Judy Note: Mon. 1 April 2024 appeared to be a special day: April 1 was the first day of the New Year on the Julian Calendar. The Q Movement started on April 1 1860. The Global Currency Reset was said to be complete on Mon. 1 April 2024. The fiat US Dollar would be dead on Mon. 1 April 2024 and the new gold/asset-backed US Note would be introduced to the World on Mon. 1 April 2024.

On the dawn of April 1st, the world is silently approaching a pivotal juncture, a moment charged with the promise of liberating humanity from the age-old shackles of fiscal servitude. This isn’t just the start of a new Julian Calendar year; it’s the ignition of a transformative era, where the Quantum Financial System (QFS) and the rise of Sovereign Republics for the BRICS nations aren’t just possibilities—they’re the new reality.

Plans to integrate the QFS system seamlessly with existing banking services, spearheaded by institutions like Wells Fargo, underscore the magnitude of this shift. The bank’s commitment to upgrading infrastructure, training staff in the nuances of the QFS, and enhancing security measures is not just a logistical maneuver—it’s a testament to the dawn of a new era in banking. Transactions, now to be overseen by individuals bearing Treasury or Homeland Security identification, signal an unprecedented level of security and trust in financial exchanges.

The establishment of Redemption Centers is another cornerstone of this transformation. These centers, strategically located within certain Wells Fargo branches, are the start of a new financial world. Here, customers can exchange their outdated fiat currency for the new gold-backed USN currency, a clear sign of the tangible changes taking place. The bank’s promise of transparency in these transactions, coupled with the provision of special rates and negotiations, underscores a commitment to the financial well-being of its customers.

Moreover, the assistance provided in setting up new QFS accounts is not merely a customer service endeavor; it’s a guiding hand leading customers into a new world. This comprehensive approach, from educating customers about the QFS to ensuring their seamless transition, reflects a broader movement towards a more equitable, secure, and transparent financial system.

~~~~~~~~~~

World Economic Crisis:

The BRICS countries, which now control 99% of the World Trade, have put embargos on the US and Israel.

~~~~~~~~~~

Thurs. 21 March 2024 Bruce, The Big Call The Big Call Universe (ibize.com)  667-770-1866, pin123456#, 667-770-1865

We have been told that Tier4b (us, the Internet Group) Exchanges would start before next Sun. 24 March.

On Fri. 22 11 am EST  Rumors of two major announcements on all forms of Social Media and maybe one major network, perhaps on CNN.

That’s the trigger to release the emails to Bond Holders and Tier4b.

Tier4b should be able to exchange within three hours of that.

The General Public is supposed to start on Tues. 2 April 2024.

On Thurs. 21 March HSBC, Treasury, Wells Fargo, Redemption Centers and Banks were told we would have access to over 1% of our funds for a time, and then access to all of it.

Everyone gets access to funds within 24 hours of each other.

Some Super Whales were funded out two months ago. Other Whales were finishing up being notified and funded right now. None have access to their funds yet.

Wells Fargo was the lead bank in the US, HSBC was the lead bank internationally.

Read full post here:  https://dinarchronicles.com/2024/03/22/restored-republic-via-a-gcr-update-as-of-march-22-2024/

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

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

Fnu Lnu  There is NO LOP happening and the 1.32 Dinar to $1 USD is in country as the FOREX numbers will be far more attractive.

Frank26   Community Comment:  "If the current rate is 1320 to 1 and you remove the three zeros wouldn't the new rate be $1.32 to 1?" 
Frank26:   No...Stop putting a decimal in the 1320...You must understand this relationship as 132 dinars equals $1.00 which is a rate of $0.76.  If you have 1 million dinar 760 American dollars.  If you have 1 million dinar and they take it to 1 to 1 you have $1 million.

Militia Man   Deleting the zeros from the notes, how are you going to do that?  You're going to re-denominate the currency ...The way to re-denominate is to add value.  If you don't add any value, re-
denomination means those that hold currency don't gain anything.  I don't think the United States Treasury...Great Britain...Canada...Australia...Coalition forces ...South Koreans came into Iraq to get completely 100% hosed with anything like that...The Project to Delete The Zeros is from the exchange rate.  Then, once you delete the zeros from the exchange rate you have a 1 to 1 situation - Not value wise but it's $1 to 1 dinar.  Then apply a real effective exchange rate.

From Debt to Hyperinflation: More Banks to Collapse As System Implodes, 'They Need a Crisis' – Zang

Kitco News:  3-21-2024

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Lynette Zang, Founder & CEO of Zang Enterprises & LynetteZang.com, who says that one year after the 2023 banking crisis, U.S. banks are once again on the brink.

Zang dives into the health of the banking sector, her macro outlook, and what’s next.

She forecasts that massive U.S. debt will force a major pivot by the Federal Reserve and explains what it will mean for inflation, markets, the U.S. dollar, and public confidence.

 Zang warns that the next financial crisis could usher in a central bank digital currency (CBDC) and outlines the consequences and potential ways out of the system.

00:00 - Coming Up

00:53 - Introduction: One Year Since the Banking Crisis

02:00 - Banking Sector's Risks

11:43 - The Role of Private Equity and Future Banking Consolidation

 24:38 - The Fed and Inflation

32:20 - Hyperinflation and the Velocity of Money

35:54 - The Looming Crisis & CBDCs

37:20 - Fed Chair Powell's Stance on CBDCs

42:21 - Rapid Expansion of CBDCs

 44:20 - The Role of Crises in Facilitating the Adoption of CBDCs

48:02 - Gold & Silver

 50:44 - Bitcoin: A Trojan Horse for CBDCs?

01:04:10 - The Future of Money and the Importance of Community

https://www.youtube.com/watch?v=e3Vms1hSSes