"Tidbits From TNT" Tuesday 3-26-2024
TNT:
Tishwash: Parliament receives the 2024 budget schedules before Eid
The Parliamentary Finance Committee expected the current year’s budget schedules to arrive in Parliament before the Eid al-Fitr holiday.
Committee member, Moeen Al-Kazemi, told Al-Sabah: The 2024 budget schedules have not yet arrived from the government even though we are in the month of March and the government was supposed to send them before the end of last year and submit them to Parliament for approval, indicating that the Ministry of Finance has completed the amendments. Proposed to
the budget.
He added that the Ministry of Planning has completed the investment budget and now the tables are in the body of advisors at the Prime Minister’s Office and have been presented to the Prime Minister, expecting that the amendments to the 2024 budget will reach the House of Representatives before Eid al-Fitr. link
TNT:
Tishwash: Parliament receives the 2024 budget schedules before Eid
The Parliamentary Finance Committee expected the current year’s budget schedules to arrive in Parliament before the Eid al-Fitr holiday.
Committee member, Moeen Al-Kazemi, told Al-Sabah: The 2024 budget schedules have not yet arrived from the government even though we are in the month of March and the government was supposed to send them before the end of last year and submit them to Parliament for approval, indicating that the Ministry of Finance has completed the amendments. Proposed to
the budget.
He added that the Ministry of Planning has completed the investment budget and now the tables are in the body of advisors at the Prime Minister’s Office and have been presented to the Prime Minister, expecting that the amendments to the 2024 budget will reach the House of Representatives before Eid al-Fitr. link
Tishwash: Why the Iraqi ruling elites pivot to China
Over the past 15 years, China has executed a strategy in Iraq that has been incredibly effective. Although the two countries recently commemorated their 65th anniversary of friendship, arguably this relationship really began in earnest in 2007 when the two countries’ presidents met and China agreed to cancel Iraq’s debt.
China’s debt relief served as a prelude to its eventual entry into the Iraqi oil industry, and included renegotiating oil agreements which were held since 1997 under Saddam Hussein’s regime. The preference of Iraq’s elites for China has significantly bolstered the Sino-Iraqi relationship. In just under three decades, Iraq’s exports to China have seen a huge rise, growing at an annualized rate of 50.3 per cent, from $564,000 in 1995 to $34 billion in 2022. By February 2024, Chinese firms have come to oversee two-thirds of Iraq’s oil production output, showcasing the depth of their involvement in the country’s economy.
Iraq views China as an ideal partner
China and Iraq are complementary partners in many respects. China is one of the world’s largest oil users, and Iraq is an oil-rich country with more than 140 billion barrels of reserves. Since Iraq is one of the major oil suppliers to Chinese refineries, energy is undoubtedly important to the partnership. Its increasing dominance in the energy sector has also given China a platform to grow in other Iraqi industries. As a result, China controls a large number of other sectors in Iraq, such as trade which reached around $50 billion in 2023, according to Shoresh Khalid, Iraq’s ambassador to Beijing. China is also growing in sectors like telecommunications, solar energy and e-government, aiming to reach a point where Iraq is largely reliant on China.
China’s meteoric rise in Iraq is the outcome of capitalizing on the unique sociopolitical, economic and geopolitical conditions in the Middle Eastern country. China has proven that it can take advantage of the intricate state-to-non-state dynamics in Iraq. In addition to local and domestic structures, both Iran and the US, through their indirect struggle in Iraq, have played a role in making that happen. Therefore, the multilayered relationship between China and Iraq differs from other relationships in many ways and defies the common formal relationship between states. In this sense, the formal state-to-state relationship between China and Iraq also includes party-to-party and individual roles.
The ruling class in Iraq and their political economy fit more comfortably with the Chinese model of governance than with the Western model. This convergence is not only a result of Beijing’s policy of non-interference in the domestic affairs of other countries or its avoidance of using reprimanding rhetoric. There are similarities between the Chinese and Iraqi models in terms of the role that political parties play in governance, corruption, dislike of human rights, democracy and other purported Western ideals. When it comes to political economy, under the influence of the Chinese model, doubling down on development rather than democracy has become central to Iraq’s political planning, as is apparent with China-backed projects like the ‘development road’ project, oil for infrastructure, and others.
The elites in Iraq believe that the Chinese model is the best way to rapidly and extensively re-build their country. Since visiting China, a number of Iraqi officials have voiced their admiration for the Chinese model. After visiting in 2019 with the Iraqi prime minister, the former Minister of Energy Luay Al Khatteeb wrote, ‘We went to China in search of speed in execution, efficiency in performance, quality in production, competition in offers, technological advancement, and an honest and balanced long-term strategic partnership’. Al Khatteeb later changed his mind and now cautions the Iraqi government about the risks associated with over-reliance on China’s oil companies.
Other members of the same 2019 delegation expressed admiration in a similar way, according to my interviews. The former prime minister Adel Abdul Mahdi, leading the delegation, may be seen as a key player in aligning the Sino-Iraqi relationship – as is Jalal Talabani, the PUK leader and former president of Iraq. For a while in their lives, Abdul Mahdi and Talabani were both Maoists.
China’s ability to navigate between state and non-state
The Iraqi political economy is notorious for politically sanctioned systematic corruption, which is carried out and condoned at the highest levels. China accepts this as an element of the local and cultural way of life and does not challenge it. Chinese companies have been engaged in paying bribes abroad, a phenomenon that President Xi Jinping recently identified and is trying to tackle under the Foreign Related Rule of Law.
One example of corruption is through manipulating subcontracts, such as the contract to build 1,000 schools by Chinese companies to accommodate the growing number of students in the country as a part of the oil-for-construction deal. However, the deal raised a number of questions. For instance, why does Iraq require a Chinese company to construct schools when local companies can do it? Asking this question in the context of Iraq’s political-economic system gives it a distinct resonance. Infrastructure and contracting are one of the major areas of corruption in the country. When the Chinese companies involved in the school-building project ‘subcontracted the contracts at a much reduced price to Iraqis’, local companies created opportunities for political parties and militias to take their cut of the deal.
Corruption both as a norm and a practice makes the elites and institutions in Iraq favour China. However, this support is conveyed quietly, especially after Abdul Mahdi’s toppling and the myth that signing deals with China led to his removal as prime minister. While corruption is also present among Western companies operating in Iraq, the preference of the Iraqi political elite for Chinese companies stems not merely from their tolerance of questionable practices. A significant factor is that Chinese firms do not interfere with Iraq’s relationship with Iran, a nation under Western sanctions.
China and the Federal Commission on Integrity of Iraq signed a memorandum of understanding in December 2023 for the prevention and fight against corruption. This sought to create a secure business climate for international enterprises in Iraq, particularly Chinese businesses. The memorandum indicates that corruption does exist in Iraq and that it must be combated.
At the same time, the memorandum also embodies another of the mutually acceptable traits that defines the Sino-Iraqi connection – namely, a lack of transparency. It is the memorandum that governs China’s ties with Iraq; as such, parliament has no say in the matter. In reality, China disdains parliaments in general, and relates to both the Kurdistan and the Iraqi national parliaments in the same way. According to the Iraqi MP Muthanna Amin, the parliament had no interactions with China in the last 10 years.
China focuses instead on political parties in Iraq, especially through party-to-party links. This is in part due to China’s strong focus on the executive branch of the Iraqi government and in part to avoid publicity and maintain a low profile.
Through the Communist Party of China’s Central Committee and International Department, Beijing has relations with 11 Iraqi political parties, according to a senior Kurdistan Democratic Party (KDP) cadre. Altogether, these different Chinese approaches combine to maintain and enhance Iraq’s current political culture and practices. Additionally, those approaches could support China’s civilizational approach to international affairs, which places a high value on social and cultural resistance to Western hegemony, alongside a stress on sovereignty and non-intervention. This translates into supporting the maintenance of the status quo in Iraq.
China is expanding its influence in the Iraqi government, especially among many of the political parties that back Prime Minister Mohammed Shia’ al-Sudani. In addition to dominating the oil sector, trade and industry, there is social and political backing for the relationship. For instance, the notable Chinese construction firm CMEC signed a memorandum of understanding with the Al-Muhandis Group, which has affiliations with the Popular Mobilization Forces (PMF) in Iraq.
Another unusual feature of the relationship is an ostensibly grassroots Iraqi campaign called the Popular Movement for the Silk Road, which has held rallies, conferences and meetings from Karbala to Basra advocating for closer economic ties with China and shunning Western, South Korean and Saudi Arabian investment opportunities. The movement’s popularity in Iraq and its prolific activity signal the extent to which advocating for Chinese commercial interests resonates with certain political groups that want to reap the benefits of foreign investment while maintaining their stance against the West.
Chinese influence on wider Iraqi society
Iraq’s governing elites are accomplishing many objectives by turning their focus to China. They are seeking to reduce the influence of the US and other Western powers in Iraq in order to eliminate all obstacles to achieve their national goal – unrestricted access to resources and maintaining control over the country. Furthermore, by maintaining Iraq’s dependence on China, the Iraqi elites are trying to preserve the status quo – that is, to retain their private armed groups and elude legal consequences – because they know China is unlikely to contest any of these things.
A low profile, an aversion to publicity and risk, and the speed in which it has developed makes the Sino-Iraqi relationship opaque and mysterious. The economic and political footprint of the relationship has expanded so quickly that Iraqi elites and society at large are struggling to fully comprehend it. Consequently, Iraqis might have to grapple further with the implications of this relationship, especially as the country suffers from weak state institutions and weaker civil society. link
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Tishwash: The Venezuelan President announces that he was subjected to a failed assassination attempt during a rally in Caracas
Venezuelan President Nicolas Maduro announced that he had been subjected to a failed assassination attempt during a rally in central Caracas on Monday.
Mexico - Sputnik . “Today here [in Plaza Diego Ibarra] two armed men were preparing to assassinate me,” Maduro told a large crowd of supporters in Plaza Diego Ibarra after his candidacy was included in the electoral lists to participate in the 2024 presidential elections in July.
He pointed out that "the two detainees admitted that they belong to the far-right fascist Fente Venezuela party."
He stated that the criminals were arrested during the march of the president's supporters before the rally that took place near the National Electoral Council building.
Venezuelan Prime Minister Noam Fernandez announced earlier the arrest of three men who entered the demonstration with explosive devices to assassinate Maduro .
Maduro announced earlier that 5 right-wing opposition "plots" had been foiled in 2023, including plans to assassinate him. link
Mot: ... Howdy !!!!!
Mot: ... Logic... its Just Logic
"Coffee With Markz" Tuesday Morning Chat 3-26-2024
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
MZ: We will hit the news quickly this morning because of background noise here and go longer tonight.
Member: Terrific Tuesday everyone.
Member: Sure is a lot of crazy news out there this week.
MZ: We definitely have Iraqi representatives/Ministers inside the US right now.Some are in DC and there is a couple in New York- for UN reasons….. which I think is interesting.
MZ: Very positive stuff happening right now.
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
MZ: We will hit the news quickly this morning because of background noise here and go longer tonight.
Member: Terrific Tuesday everyone.
Member: Sure is a lot of crazy news out there this week.
MZ: We definitely have Iraqi representatives/Ministers inside the US right now.Some are in DC and there is a couple in New York- for UN reasons….. which I think is interesting.
MZ: Very positive stuff happening right now.
Member: I heard Sudani has done everything for the RV- It is ready
MZ: I don’t expect Sudani to visit DC just yet. I believe his ministers are taking care of it. I believe Sudani would want to be in his own country for the revaluation.
Member: Sudani is expected in the US on April 15th…..Post RV maybe???
Member: Frank and Walkingstick are also looking for an announcement that sanctions are lifted in Iraq this week…..just like you mentioned yesterday…..
MZ: To me things are shaping up just as I expected they would at the end.
Member: One of Frank's banker stories banker said they are preparing for dinar only first the other currency comes later.
Member: If Iraq goes alone….I bet many countries including Vietnam go right after.
MZ: We are expecting bond updates throughout the afternoon today.
MZ: “ Customers at the Central Bank of Iraq, which says many foreign trade transactions now go through its electronic platform” This tells me that some of the Iraqi sanctions may have been lifted as we speak.
MZ: The key is when will we see the rate? I don’t know what to expect yet on that front. There is a lot of positive chatter that is could be imminent.
MZ: I might actually purchase some champagne.
MZ: “ China’s Evergrande massive accounting fraud sheds light on the country’s property troubles”
Member: Went to my PNC Bank in West MI to cash a check. She asked how I wanted my cash back. I said the new currency in your vault would be great. She blushed and said not yet but very shortly.
Member: I went to chase I did confirm private clients will deal with them but higher wealth individuals will deal with J P Morgan rep who will be on site for higher value
Member: Manager at Truist said they would have to send foreign currency off to be verified ! No Ty
Member: Did anyone hear about the FSK (Frances Scott Keys) bridge collapse in Baltimore this morning? A container ship ran into a main support, and took the whole bridge out!
Member: That’s the Francis Scott Key bridge. You know. The guy who write the start spangled banner.
Member: The Bridge collapse will cause supply chain issues, as nothing will be able to go in or out of the port for a while.
Member: Could this bridge accident spark a “Black Swan Event”?
MZ: We will go longer tonight since today was so short. …..Should have Andy Schectman with up tomorrow morning.
Member: Hope everyone stays safe in this cuckoo world!
Member: Tequila and tacos and MarkZ would be a great Tuesday night
Member: Thanks Mark and Mods…..See everyone tonight.
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.
News, Rumors and Opinions Tuesday AM 3-26-2024
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 26 March 2024
Compiled Tues. 26 March 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Mon. 25 March Wolverine: Ok guys are you ready for good news? Need 400 good emojis. Ok Reno has started. Whales are getting calls to go to Reno. They have signed all contracts. Get ready God bless. …Wolverine
Mon. 25 March MarkZ: There is some fun stuff coming from sources over the weekend. Bond contacts really lit up overnight/and over the weekend. One of my contacts that “lit up” after going quiet said they very much expect things by mid-week this week. They believe they will actually be walking away from the table with spendable money. People who have not been excited for quite awhile are now excited.
Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.
RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 26 March 2024
Compiled Tues. 26 March 2024 12:01 am EST by Judy Byington
Global Currency Reset:
Mon. 25 March Wolverine: Ok guys are you ready for good news? Need 400 good emojis. Ok Reno has started. Whales are getting calls to go to Reno. They have signed all contracts. Get ready God bless. …Wolverine
Mon. 25 March MarkZ: There is some fun stuff coming from sources over the weekend. Bond contacts really lit up overnight/and over the weekend. One of my contacts that “lit up” after going quiet said they very much expect things by mid-week this week. They believe they will actually be walking away from the table with spendable money. People who have not been excited for quite awhile are now excited.
Markz cont…….I am hearing from my banking side. Historic Bonds are getting positive chatter again. It makes me feel it will all be going…and not just the Iraqi Dinar. If it was just Iraq- it would not affect the Historic Bonds. Because the bond folks are excited it looks like it is a bigger event. We in Tier 4b are supposed to go immediately following bonds.
We have always been told that Historic Bonds go first with 1%, then Sovereigns, Indian Nations, large church groups and then Bond Folks get their remaining 9% fiat, then BAM we all start making our appointments. At the same time SKR folks have gotten their payouts. I understand that the whole process should only be a week long and that the very first things we should see is Bond Folks getting dollars.
Global Financial Crisis:
Financial Collapse: Q Drop 3.24.2Q24 – We Are The Plan – Nothing Can Stop What is Coming (Video) | Alternative | Before It’s News (beforeitsnews.com) Black Swan Event: Major Stock Market Sellouts, Major Economic Downturn. At the end of 2-4-2023 Mark Bezos, Zuckerberg and Bill Gates combined to sell out $11 billion in shares; Bill Gates dumped 65% of his portfolio.
Financial Collapse: Theft Legal in NY, Black Swan Coming, Fed Rate Cut Tease | Greg Hunter’s USAWatchdog
Sat. 23 March Legal Theft in New York: Theft Legal in NY, Black Swan Looming, Fed Rate Cut Tease: General Michael Flynn Warning – American Media Group (amg-news.com)
Read full post here: https://dinarchronicles.com/2024/03/26/restored-republic-via-a-gcr-update-as-of-march-26-2024/
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Paulette While Iraq appears to be on the way to a full RI, I believe there will be an interim step very soon. If they make the move I anticipate the MCP will be quickly eliminated and they can proceed to a full RI. A RI is full Article 8 compliance and a return to the rate that reflects the True Value. In 2009, the MOP/MOF stated move to 1.14-1.17USD/IQD and monitor for inflation up to 3 years and then move the rate to reflect the True Value of 3.208USD/IQD. This was the plan of Dr S and it appears they are back on track following that plan.
Frank26 [Iraq boots-on-the-ground report] FIREFLY: Tv talked about parliament finance has been meeting...with the CBI officials talking about mechanisms to pay the salaries and all the project we have. This is a good sign. They are meeting right before the budget goes to parliament next week. FRANK: Firefly knows if it does go to parliament and they vote, it will expose an exchange rate. Certainly not a program rate.
Redefining Ownership: The Impact of Tokenization on Financialization
Lynette Zang: 3-25-2024
Today, Lynette delves into the intriguing topic of tokenized assets, spurred by a viewer's inquiry about BRICS' new asset system.
From dissecting the concept of BricksCoin to exploring the broader implications of asset tokenization, Lynette navigates the landscape of digitizing tangible assets like real estate, artwork, and commodities.
As Lynette delves into the implications of this global trend, we encourage you to stay informed and proactive about safeguarding your wealth.
David Hunter: "We're in the Melt-Up Before Global Bust"...What's in Store for Bitcoin, Gold, Stocks
Natalie Brunell: 3-25-2024
In this episode of the Coin Stories podcast with guest David Hunter, powered by Bitdeer Technologies Group (NASDAQ: BTDR), we discuss: - David's forecast of a parabolic melt-up this year followed by a global bust - What's in store for equities, bonds, gold, and commodities? - What will break and cause a deflationary crash? - Has David's take on Bitcoin evolved? Will it survive a major bust?
MilitiaMan: Iraqi Dinar - IQD Update - Strength Dinar - Automation ASYCUDA - World Bank - Disbursement - Formula
Iraqi Dinar - IQD Update - Strength Dinar - Automation ASYCUDA - World Bank - Disbursement - Formula
MilitiaMan and Crew: 3-25-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Iraqi Dinar - IQD Update - Strength Dinar - Automation ASYCUDA - World Bank - Disbursement - Formula
MilitiaMan and Crew: 3-25-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Iraqi Dinar Today Video Updates Late Monday Evening 3-25-24
Iraqi Dinar Today Video Updates Late Monday Evening 3-25-24
It's Happening Massive Announcement On TV – 3:38
Very Huge Removal of zeros and Iraqi budget will be done - 5:40
International Monetary Fund (IMF), US Treasury & World Bank Increased Value By 100% - 2:37
Iraqi Dinar Today Video Updates Late Monday Evening 3-25-24
It's Happening Massive Announcement On TV – 3:38
Very Huge Removal of zeros and Iraqi budget will be done - 5:40
International Monetary Fund (IMF), US Treasury & World Bank Increased Value By 100% - 2:37
Very Huge Removal of zeros and Iraqi budget will be done – 5:40
International Monetary Fund (IMF), US Treasury & World Bank Increased Value By 100% - 2:37
Goldilocks' Comments and Global Economic News Monday Afternoon 3-25-24
Goldilocks' Comments and Global Economic News Monday Evening 3-23-24
Good Afternoon Dinar Recaps,
We have several countries becoming Basel 3 compliant this year along with building their foreign exchange reserves. This is why we are witnessing numerous currency reforms taking place in so many countries at this time. The IMF has been meeting with many of these countries the past few years to prepare them for this moment. Investopedia 1 Investopedia 2
© Goldilocks
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I have an important phone contact to make in about 3 minutes dealing with gold. I will report on it when I get back.
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Interbank Lending Services is over between Banks as of March 11th, 2024. This has led to more price pressure on Gold especially as we have countries beginning to decrease their rates all around the US. Here, is where Basel 3 compliance brings in new support and new liquidity mechanisms.
Goldilocks' Comments and Global Economic News Monday Afternoon 3-25-24
Good Afternoon Dinar Recaps,
We have several countries becoming Basel 3 compliant this year along with building their foreign exchange reserves. This is why we are witnessing numerous currency reforms taking place in so many countries at this time. The IMF has been meeting with many of these countries the past few years to prepare them for this moment. Investopedia 1 Investopedia 2
© Goldilocks
~~~~~~~~~
I have an important phone contact to make in about 3 minutes dealing with gold. I will report on it when I get back.
~~~~~~~~~
Interbank Lending Services is over between Banks as of March 11th, 2024. This has led to more price pressure on Gold especially as we have countries beginning to decrease their rates all around the US. Here, is where Basel 3 compliance brings in new support and new liquidity mechanisms.
The US has currently decided to hold their rates until the next FOMC meeting. This holds price pressures on the dollar to remain strong. It is, also, why we talked about Gold and the US Dollar rising together in the end game.
And now, we have China taking the lead on putting even more price pressures on Gold to rise even further. It is believed that China "now" controls the price of gold at this time. Inadvertently, the challenge to the US Dollar World Reserve Asset is beginning to come into play.
The transition into gold will change everything. It is "an idea whose time has come."
We are looking at minimal pressure at this point on the US dollar as the World Reserve Asset, but this story is just beginning. Kitco Bitcoin FX Street
All roads lead to gold, and gold will set us free.
© Goldilocks
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Gold and the US Dollar. The currency war has just begun between the East and the West. Volatility with the US Dollar and Gold is to be expected.
The numbers presently in the future's Market will be changing rapidly depending on who is winning the war.
Behind every war, a currency battle is usually at the heart of them all. MENA FN
© Goldilocks
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IMPORTANT NEWS IRAQ PM TO VISIT WASHINGTON DC April 15th | Youtube
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Tunisia: New foreign exchange law will have positive impact on Tunisia's relations with donors | Zawya
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World Bank to share more data to attract private investors to developing countries | Devdiscourse
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We currently have a heavily weighted Retail Market. When Retail Investors begin to sell their stocks, watch what happens on the markets.
© Goldilocks
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"Pressure Mounts for the Japanese Yen as US Dollar Shows Continued Strength"
Japanese yen faces pressure as USD/JPY approaches historic highs, intervention speculation rises
Investing
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"The Japanese rules on liquidity inflows are compliant with the Basel III standards."Basel Committee on Banking Supervision | BIS PDF
Yes, the Japanese yen is capable of currency intervention, but we will have to see what they do.
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Russian Digital Assets Announcement:
This week Vladimir Putin signed a law that allows the use of digital financial assets (DFAs) for foreign trade payments. Russia’s concept of DFAs includes tokenized assets and financial instruments issued through central bank-regulated institutions.
When DFAs were first introduced, tokenizing precious metals proved popular. So far digital platforms have supported the issuance of more than 350 instruments (https://www.ledgerinsights.com/russian-rating-agency-acra-sees-banks-dominating-rwa-tokenized-assets/), including bonds, trade finance, and a variety of other offerings. Ledger Insights
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BRICS countries will see the highest surge in millionaires globally over the next decade | MSN
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Sri Lanka is building their foreign exchange reserves announcement:
A combination of less festive/New Year demand for imports, lack of disposable incomes and increasing remittances along with enhanced foreign exchange flows from tourism has restored the Sri Lanka rupee to favourable proportions against the dollar. | Sunday Times
Sri Lanka adopted Basel III capital standards in 2017 and capital requirements for Sri Lankan banks have increased. | Trade
The review, once approved by the IMF's board, will release $337 million in funding for the island nation. Sri Lanka defaulted on its overseas debt in May 2022 after a severe shortage of foreign exchange reserves triggered the worst financial crisis since independence from Britain in 1948. 4 days ago -- Reuters
IMF praises Sri Lanka’s economic reforms | Sunday Observer
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Planning applications you may have missed this week | The Northern Echo
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HANOI (Bernama-Xinhua): The sustainable bond market in East Asian countries expanded 29.3 percent in 2023, outpacing the 21 percent growth of the global and euro-area sustainable bond markets, according to an Asian Development Bank (ADB) report released to the media.
The latest edition of the Asia Bond Monitor said that sustainable bonds in the Association of South-East Asian Nations (ASEAN) members, China, Japan, and South Korea, collectively as ASEAN+3, reached US$798.7 billion by the end of 2023, accounting for around 20 percent of global sustainable bonds.
By the end of 2023, the global sustainable bond markets had reached US$4 trillion, bringing environmental and social benefits to the countries through sustainable bonds financed projects and programs.
ASEAN sustainable bond issuance made up a higher share of local currency financing and long-term financing in 2023, driven by public sector participation, ADB Chief Economist Albert Park said.
The report also said financial conditions in emerging East Asia improved marginally between Dec. 1 and Feb. 29, as the US Federal Reserve was expected to ease its monetary stance. Inflation continued to moderate, and most economies posted sound economic growth in the region. - Bernama-Xinhua The Star
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Don't be surprised if the XRP Ledger doesn't replace the Petro Dollar Agreement.
Watch the water. 😉
© Goldilocks
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Things can change very quickly in the markets. Open interest contracts or climbing.
© Goldilocks
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Thank you Dinar Recaps
Iraqi Dinar Today Video Updates Monday Evening 3-25-24
Iraqi Dinar Today Video Updates Monday Evening 3-25-24
Chase Bank Massive Announcement IQD New Exchange Rate – 4:10
Wow Wells Fargo Set iQD Exchange Rate $1.32 – 4:09
The Hawaii Bank Confirm IQD RV And New Exchange Rate – 4:53
Congratulations. 1 IQD equals ¢5.88 United States Dollars IMF & JP Morgan, WTO – 2:59
Iraqi Dinar Today Video Updates Monday Evening 3-25-24
Chase Bank Massive Announcement IQD New Exchange Rate – 4:10
Wow Wells Fargo Set iQD Exchange Rate $1.32 – 4:09
The Hawaii Bank Confirm IQD RV And New Exchange Rate – 4:53
Congratulations. 1 IQD equals ¢5.88 United States Dollars IMF & JP Morgan, WTO – 2:59
Chase Bank Massive Announcement IQD New Exchange Rate – 4:10
Wow Wells Fargo Set iQD Exchange Rate $1.32 – 4:09
The Hawaii Bank Confirm IQD RV And New Exchange Rate – 4:53
Congratulations. 1 IQD equals ¢5.88 United States Dollars IMF & JP Morgan, WTO – 2:59
KTFA Monday Night CC: " FRANK26…..3-25-24….IQD UPDATES…….M.A."
KTFA
Monday Night Conference Call
FRANK26…..3-25-24….IQD UPDATES…….M.A.
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE= IMPLEMENTATION
KTFA
Monday Night Conference Call
FRANK26…..3-25-24….IQD UPDATES…….M.A.
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
What Frank’s suit color’s mean…. FRANKS SUIT COLORS FOR CC'S..... WHITE = NEW INFO…. SILVER = INTEL FROZEN…. RED= HIGH ALERT… PURPLE=GUEST WITH US…. BLUE = AIR FORCE…. BLACK = GROUND/FF’S…. GREEN= MR OR FAB 4 ... GOLD = CHANGE… ORANGE= IMPLEMENTATION
Monday Evening Chat with MarkZ 3-15-2024
Monday Evening News with MarkZ
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Evening: I hope we have some exciting news tonight
Member: Mark Z Is this our week Brother?
MZ: We may see it by Easter…The news is so good.
Member: there is always the standard hope for the St. Germaine trust to be opened this Easter…finally.
Member: Frank said Mission Accomplished tonight.
Monday Evening News with MarkZ
Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Evening: I hope we have some exciting news tonight
Member: Mark Z Is this our week Brother?
MZ: We may see it by Easter…The news is so good.
Member: there is always the standard hope for the St. Germaine trust to be opened this Easter…finally.
Member: Frank said Mission Accomplished tonight.
Member: I heard today the reset was finally agreed to and moving forward towards signatures
MZ: That is highly possible. We have a delegation of Iraqi foreign ministers in DC right now. At this point we expect them to announce “lifted sanctions” by the middle of the week. My source is on the DC beltway. When sanctions are lifted it should be “GO” time.
MZ: Some of the rumors are from bond folks with great expectations of getting 1% really…..for sure….on Wednesday.
Member: Has your paymaster been called to Reno?
MZ: I’ve see whales called …I’ve seen those that prepare for the paymasters called. I have seen a signatory called .
MZ: “BRICS invites all countries to join it in killing US dollar” They invite all countries to ignore the US dollar and use local currencies. De-dollarization is picking up……
MZ: “US-Vietnam relations: A conversation with Vietnams foreign minister-Bui-Thanh Son” He is talking about looking forward to doing lots of business together over the coming years.
Member: What does your gut say on the dong rate?
MZ: Im still thinking around $2+. But would not be surprised at anything between .47 cents to $3+.
MZ: “Iran’s currency hits a record low” Be careful before you spend any big money on that currency.
Member: Visualize everyone! Very powerful right now! Easter is the day!
Member: Sweet RV dreams……may they come true soon.
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.
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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!
Currency Insider Iraqi Dinar – Dong Monday Afternoon 3-25-24
Currency Insider Iraqi Dinar – Dong Monday Afternoon 3-25-24
Iraqi dinar revaluation last 48 hours - 2:33
Vietnam Dong huge rate update – 1:29
Currency Insider Iraqi Dinar – Dong Monday Afternoon 3-25-24
Iraqi dinar revaluation last 48 hours - 2:33
Vietnam Dong huge rate update – 1:29
Iraqi dinar revaluation last 48 hours - 2:33
Vietnam Dong huge rate update – 1:29
Iraq Economic News and Points to Ponder Monday Evening 3-25-24
Iraq Economic News and Points to Ponder Monday Evening 3-25-24
Tlm724 Administrator Bondlady’s Corner
The Decline Of The Dollar.. Parliamentary Finance Says That The Crisis Is On Its Way To Ending “Finally”
Economy |Yesterday, 21:53 | Baghdad today – Baghdad The Finance Committee in the Iraqi Parliament confirmed, today, Sunday (March 24, 2024), that the dollar exchange rates in the parallel market will continue to decline until the official price fixed by the Central Bank of Iraq is reached.
Committee member Moeen Al-Kazemi told “Baghdad Today” that “the dollar is still continuing to decline in the parallel market, and this decline will continue, even if slowly, until the official price fixed by the Central Bank of Iraq is reached,” indicating that “there is significant government control over "The market and this crisis are on their way to being resolved once and for all."
Al-Kadhimi stated,
“The visit of Prime Minister Muhammad Shia Al-Sudani to Washington is very important at the level of financial and economic files, and Al-Sudani is discussing with the American side strengthening and strengthening the Iraqi dinar, and lifting obstacles on some banks, as well as providing sufficient cash liquidity from the dollar to Iraq by "The treasury, which is why the visit is considered important and will have positive results on the economic files."
Iraq Economic News and Points to Ponder Monday Evening 3-25-24
Tlm724 Administrator Bondlady’s Corner
The Decline Of The Dollar.. Parliamentary Finance Says That The Crisis Is On Its Way To Ending “Finally”
Economy |Yesterday, 21:53 | Baghdad today – Baghdad The Finance Committee in the Iraqi Parliament confirmed, today, Sunday (March 24, 2024), that the dollar exchange rates in the parallel market will continue to decline until the official price fixed by the Central Bank of Iraq is reached.
Committee member Moeen Al-Kazemi told “Baghdad Today” that “the dollar is still continuing to decline in the parallel market, and this decline will continue, even if slowly, until the official price fixed by the Central Bank of Iraq is reached,” indicating that “there is significant government control over "The market and this crisis are on their way to being resolved once and for all."
Al-Kadhimi stated,
“The visit of Prime Minister Muhammad Shia Al-Sudani to Washington is very important at the level of financial and economic files, and Al-Sudani is discussing with the American side strengthening and strengthening the Iraqi dinar, and lifting obstacles on some banks, as well as providing sufficient cash liquidity from the dollar to Iraq by "The treasury, which is why the visit is considered important and will have positive results on the economic files."
It is hoped that Sudanese will visit Washington in mid-April to discuss several files, most notably the economic and Iraqi measures to combat money laundering and terrorist financing.
The Prime Minister's Advisor Announces The Decline In The Effects Of The Parallel Market And The Decline In Its Activity
Economy Yesterday, 15:07 Baghdad - INA - Nassar Al-Hajj The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, announced today, Sunday, the decline in the effects of the parallel market and the decline in its activity, while revealing the reasons for the decline in the dollar’s exchange rate against the dinar, and the importance of monetary policy and its imposition of a climate of stability at the general level.
Saleh said to the Iraqi News Agency (INA):
“Economic policy played a major role in imposing a climate of stability in the general level of dollar exchange rates,” indicating that
“the state of superiority of the official exchange market in financing Iraq’s foreign trade caused a decline in the effects of the parallel market and a decline in its illegal activities.” Legal".
He pointed out that "the decline in parallel market rates in favor of the official exchange rate is a tangible success in the cohesion of the country's economic policy in its three aspects:
financial, monetary and commercial," pointing out that "the work and high coordination of policies led to providing an incubator of stability embodied in relative price calm and the containment of seasonal price fluctuations." “For materials in high demand, specifically the provision of basic goods related to consumption and daily living for citizens.” He noted
"the importance of using the customs policy, which was represented by (reducing customs tariffs and diversifying imports without quantitative limits for basic and necessary goods) as part of the performance of the financial policy in providing price stability and ensuring the supply of materials, food and essential goods, and production supplies at the official exchange rate and in accordance with the requirements of the national economy."
In addition to the high stability in bank financing for foreign trade for the private sector, which began to adopt the stable official exchange rates of 1,320 dinars per dollar in a wide and more flexible manner through the regularity and stability of financing operations.
He pointed out 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 country's history, reaching nearly 111 billion dollars today." He continued,
"These high foreign currency reserves reflect the country's annual trade efficiency of more than 16 months of import at least in light of the global standard for the trade efficiency of foreign reserves, which is limited to only about three months, and that
the ability of these reserves to cover the exported currency is considered a complete coverage of foreign exchange, which is an indicator of stability." Contains any existing or anticipated adverse price fluctuations. https://www.ina.iq/205566--.html
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.
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
Provoking Thoughts and Points to Ponder on Buying & Selling
Everyone lives by selling something - Robert Louis Stevenson
It is naught, it is naught; saith the buyer. But when he is gone his way, then he boasteth - Bible
Piracy, n: commerce without its folly-swaddles - just as God made it. - Ambrose Bierce
A study of economics usually reveals that the best time to buy anything is last year - Marty Allen
A consumer is a shopper who is sore about something - Harold Coffin
Who buys has need of two eyes But one's enough to sell the stuff - Anonymous
Bargain: something you can't use at a price you can't resist - Franklin P. Jones
Don't buy the house; buy the neighborhood - Russian proverb
http://famousquotesandauthors.com/topics/buying_and_selling_quotes.html