Today, Monday, the Kingdom of Saudi Arabia invited Iraq, represented by the Prime Minister, to participate in the World Economic Forum, which will be held in Riyadh at the end of this month.

The Prime Minister’s Media Office said in a statement, “Prime Minister Muhammad Shiaa Al-Sudani received, today, Monday, an official invitation from the Saudi Crown Prince, His Highness Prince Muhammad bin Salman bin Abdulaziz, to participate in the special meeting of the World Economic Forum, which the Kingdom will host at the end of this month of April.” ".

In a letter he sent to the Prime Minister, Prince Mohammed bin Salman referred to the close relations between the Kingdom of Saudi Arabia and Iraq, considering that his participation will have a good impact on the success of the meeting’s work.

It is noteworthy that the special meeting of the World Economic Forum will be held in the city of Riyadh for the period from April 28-29, and will address a number of international topics and issues, and discuss international cooperation in the fields of economics and sustainable development.

Iraq Economic News and Points to Ponder Monday Evening 4-1-24

Tlm724 Administrator Bondlady’s Corner

Saudi Arabia Invites Iraq To Participate In The World Economic Forum

Today, Monday, the Kingdom of Saudi Arabia invited Iraq, represented by the Prime Minister, to participate in the World Economic Forum, which will be held in Riyadh at the end of this month.

https://www.radionawa.com/all-detail.aspx?jimare=37837

The Central Bank Of Iraq Announces An Increase In The Cash Credit Ratio During 2023

Economy News – Baghdad The Central Bank of Iraq announced, today, Monday, the percentage of cash credit to the total deposits of the Iraqi banking sector, which amounted to (52%) during 2023, confirming its increase compared to the year 2022, which recorded (47%), while in 2021 it was around (55%).

The Central Bank stated in a statement received by Al-Eqtisad News that, “although the increase was recorded, it did not exceed the standard percentage specified by the bank, amounting to (75%).”

He pointed out that "this ratio aims to maintain sufficient liquidity in banks to face customer withdrawals and conduct financial banking activities."

50 views 04/01/2024 - https://economy-news.net/content.php?id=42071

Parliamentary Integrity Decides To Form A Committee With The Trade Bank Of Iraq To Revitalize The Industrial Sector

Economy News – Baghdad The Parliamentary Integrity Committee decided, on Monday, to form a committee with the Trade Bank of Iraq (TBI) to revitalize the industrial sector.

Committee member Alia Nassif said, in a statement reported by the official news agency, and seen by Al-Iqtisad News, that “the Integrity Committee hosted the Director of the Iraqi Trade Bank, Bilal Al-Hamdani, to discuss the issue of the reluctance occurring from some of the bank’s creditors in paying what they owe,” indicating, “We found Violations of the law and violations.

She added, "We tried to create a state of cooperation by forming a committee from both parties to dispel obstacles, whether through the Ministry of Justice, the judiciary, or the courts, in order to create a real environment to stimulate the industrial sector and the investment movement in the country," noting that "the bank director has a real will to advance the industrial sector." "And solve all obstacles in a way that maximizes the state's resources."

She confirmed, "There are many creditors, as it is possible to enter into negotiations with them through laws that have some kind of flexibility to achieve revenues for the Iraqi state," explaining that "as soon as the Director of the Iraqi Trade Bank hosted the Integrity Committee, a movement occurred for these creditors, as some of them deposited the money and fulfilled their obligations."

Views 32 Added 04/01/2024 - https://economy-news.net/content.php?id=42084

Globally, Oil Prices Fell In Early Trading

Economy | 01/04/2024 Mawazine News – Baghdad Oil prices fell slightly on Monday, clinging to most of the gains recorded recently amid expectations of lower supplies due to OPEC+ production cuts, attacks on Russian refineries, and strong data in the Chinese manufacturing sector.

By 00:17 GMT, Brent crude prices fell 17 cents, or 0.2 percent, to $86.83 a barrel, after rising 2.4 percent last week.

West Texas Intermediate crude fell 11 cents, or 0.1 percent, to $83.06 a barrel, after rising 3.2 percent last week.

Trading volumes are expected to be weak on Monday due to the Easter holiday in a number of countries.

Russian Deputy Prime Minister Alexander Novak said on Friday that Russian oil companies will focus on reducing production rather than exports in the second quarter of the year in order to distribute production cuts equally with other OPEC+ member states.

Drone attacks targeted a number of Russian oil refineries, which is expected to reduce Russian fuel exports.

An official factory survey showed yesterday, Sunday, that manufacturing activity in China grew for the first time in six months in March, supporting demand for oil in the world's largest crude importer, even as the crisis in the real estate sector continues to pressure the economy.

https://www.mawazin.net/Details.aspx?jimare=245007

During Today's Auction, The Central Bank Transferred $247 Million Abroad

Money and business Economy News – Baghdad The Central Bank of Iraq announced, on Monday, its sales of hard currency, amounting to about 252 million dollars in today’s transactions, according to the official rate of 1310.

The bank’s data showed that the total internal cash withdrawals amounted to 4,420,000 dollars, while the total amounts of transfers abroad, which include remittances. The credits amounted to $247,833,849, while the total sale amounted to $252,253,849.

50 views 04/01/2024 - https://economy-news.net/content.php?id=42072

A Slight Increase In The Price Of The Dollar Against The Dinar In The Parallel Market

Economy | 01/04/2024 Mawazine News – Baghdad The exchange rates of the US dollar rose slightly on Monday morning in Baghdad markets and in Erbil.

A local source told Mawazine News that dollar prices rose with the opening of the Al-Kifah and Al-Harithiya stock exchanges to record 147,150 Iraqi dinars for every 100 dollars, while yesterday, Saturday, dollar prices recorded 146,900 Iraqi dinars for every 100 dollars.

Our correspondent indicated that selling prices in exchange shops in local markets in Baghdad stabilized, as the selling price reached 148,000 dinars, while the purchasing price reached 146,000 dinars for every 100 dollars.

As for Erbil, the dollar also recorded a slight increase in banking shops, as the selling price reached 146,800 dinars against the dollar, and the purchase price reached 146,700 dinars against 100 dollars.

https://www.mawazin.net/Details.aspx?jimare=245033

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

All of us failed to match our dreams of perfection.- William Faulkner

The greatest mistake you can make in life is to be continually fearing you will make one.- Elbert Hubbard

The fellow who never makes a mistake takes his orders from one who does.- Herbert B. Prochnow

Accept that all of us can be hurt, that all of us can - and surely will at times - fail. Other vulnerabilities, like being embarrassed or risking love, can be terrifying, too. I think we should follow a simple rule: if we can take the worst, take the risk.- Dr. Joyce Brothers

The greatest general is he who makes the fewest mistakes.- Napoleon Bonaparte

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

http://famousquotesandauthors.com/quotes_by_topic.html

Dinar Recaps 20 4/1/24 Dinar Recaps 20 4/1/24

Economist's "News and Views" Monday 4-1-2024

BRICS NEWS: Russia Plans Global Food Reset, China Economy Surges, US Arctic Claim Challenged

Sean Foo: 4-1-2024

The BRICS bloc is making big moves globally. Russia is planning a grains exchange in the bloc in an attempt to challenge the West for food security and price control.

Meanwhile, China's economy isn't collapsing, in fact, it's experiencing a big recovery.

On the global stage, China & Russia are also moving to prevent the US from claiming more minerals in the Arctic Ocean. Here's what you must know!

BRICS NEWS: Russia Plans Global Food Reset, China Economy Surges, US Arctic Claim Challenged

Sean Foo: 4-1-2024

The BRICS bloc is making big moves globally. Russia is planning a grains exchange in the bloc in an attempt to challenge the West for food security and price control.

Meanwhile, China's economy isn't collapsing, in fact, it's experiencing a big recovery.

On the global stage, China & Russia are also moving to prevent the US from claiming more minerals in the Arctic Ocean. Here's what you must know!

Timestamps & Chapters:

0:00 Russia Plans BRICS Grain Exchange

2:59 A Global Food Reset

6:47 China Economy Defies Collapse

8:54 Sponsor: JM Bullion

9:50 China's Big Rebound

11:28 Russia Challenges US Mineral Grab

14:42 The BRICS Is Rising Fast

https://www.youtube.com/watch?v=l5Wqmi5wolI

GET READY. The Fed. Is About To Do Something BIG! Capitalize On It NOW...

Greg Mannarino: 4-1-2024

https://www.youtube.com/watch?v=hkxl600uJ_E

They JUST Admitted The Truth About The U.S. Dollar, It’s NOT GOOD

Atlantis Report: 4-1-2024

Federal officials have recently made a candid admission about the dangerous state of the U.S. dollar.

The dollar has been regarded as the world's reserve currency and a symbol of economic might, but it is now facing unusual challenges. These challenges threaten to undermine its global dominance and erode its purchasing power.

This admission is particularly concerning given the current economic uncertainty, geopolitical tensions, and mounting concerns over fiscal and monetary policies that govern the world's largest economy.

Today, we will examine what's going on with the dollar and its implications.

https://www.youtube.com/watch?v=7jr1_rVmwA8

DINARRECAPS8 4/1/24 DINARRECAPS8 4/1/24

Goldilocks' Comments and Global Economic News Monday Evening 4-1-24

Good Evening Dinar Recaps,

When our cryptocurrency is regulated on a Global scale at the end of May, look for all of our new Tokenized Assets go to a real value.

© Goldilocks

Posted after hours on Easter Sunday in reference to this article LINK

~~~~~~~~~

The CBI of Iraq showed us two articles from the CBI that they are not exceeding their cash credit amounts in loans given out to people and companies. These loans provide liquidity for extra capital to help their banking system run more smoothly and profitably going forward.

In talking with our CBI banking contact, their inflation has come down and the country is working within normal ranges of a growing economy. All of this is being done without a change in their exchange rate so far.

Goldilocks' Comments and Global Economic News Monday Evening 4-1-24

Good Evening Dinar Recaps,

When our cryptocurrency is regulated on a Global scale at the end of May, look for all of our new Tokenized Assets go to a real value.

© Goldilocks

Posted after hours on Easter Sunday in reference to this article LINK

~~~~~~~~~

If you look on the cbi.iq, you will notice that they still have no changes to their currency rates. One of the things that our CBI contact does discuss often is the price of gold. This is very important to all countries because the second half of the year is when interest rates are expected to be lowered by the US.

This is already taking place among other countries, but the US is still waiting to see if our inflation numbers will level off some. This does not look to be the case, and this is why a new decentralized system utilizing tokenized assets is becoming necessary.

As the United States lags behind in lowering interest rates while other countries have moved ahead, this will give some of the new local currencies being traded around the world time to gain some momentum in trade and strength.

By tokenizing all of our assets on the market, the part of that asset tokenized by gold will deflate the current inflated values we are presently experiencing on the market.

Once our tokenized assets are regulated at the end of May, we will be able to shift our attention towards a new digital payment system and a new digital asset-based economy.

At that time, you can look for our Global Markets to move into real values. What will appear to be a crash is going to be a movement into real values going forward.

From that moment forward, the new cash credit for our banking system which includes Iraqi Dinar will be based on the authentic movement of gold no longer held down by a World Reserve Asset.

Everything!

© Goldilocks

https://cbi.iq/news/view/2540

https://cbi.iq/news/view/2539

https://cleartax.in/glossary/cash-credit

~~~~~~~~~

Updated: 4/1/2024

Official Central Bank of Iraq (CBI) Dinar Rate:

1310 IQD to 1 USD

~~~~~~~~~

FATF Announcement:

The Financial Action Task Force is in the process of enacting anti-money laundering / Counter-terrorist financing requirements for Virtual asset service providers.

This is being applied to the MICA regulations currently being integrated into the new digital asset-based trading system.

It will provide an added layer of security for transactions to be cleared on both sides of a trade through digital assets inside the new Tokenized Asset Market. SEON Financial Action Task Force

© Goldilocks

~~~~~~~~~

HSBC makes tokenized gold available to Hong Kong retail clients - Ledger Insights - blockchain for enterprise | Ledger Insights
~~~~~~~~~

Higher Inflation, Higher Rates Forever? Will the Fed Let CRE Turmoil Run its Course? Is QT Hitting Dollar Liquidity Outside the US? And More… | Wolf Street

~~~~~~~~~

At Boao Forum, Asian Central Bank Officials eye greater use of local currencies to fend off risks | Global Times
~~~~~~~~~

Gold Is Ready For New Records As Central Banks Keep Buying | FX Empire

~~~~~~~~~

We are on the brink of a dramatic change where we are about to, and I'll say this boldly, abandon the traditional system of money and accounting and introduce a new one. And the new one is what we call blockchain.

It means digital. It means having an almost perfect record of every single transaction that happens in the economy, which will give us far greater clarity over what's going on. It also raises huge dangers in terms of the balance of power between states and citizens. In my opinion, we're going to need a digital constitution of human rights if we're going to have digital money. Bitcoin Magazine

~~~~~~~~~

A MESSAGE FROM SAM OLIVER

As a counselor for 32 years in Hospice Care, I worked with many people recovering from their loss of a loved one.

Grief creates what is called a "cognitive dissonance" inside of people. When a disconnect from reality is experienced through the loss of experiences no longer available to them is met with I continuation of living in the midst of one's despair, it can be devastating to the human psyche.

The feeling of emptiness rolls over people's hearts and minds when future expectations are met with past disappointments that did not come into fruition.

Each week, many people get their hopes up over Intel that has no basis in true economic principles in the least bit.

These subtle formations within a person's psyche erode their ability to discern right from wrong and dissipate a person's clarity in the world around them over time.

Once the power of a fantasy does not come true, a person is left with the choice to build a Foundation of Truth inside themselves. And, a sense of powerlessness washes over them until he or she rebuilds foundational truths to sustain them for the next wave of disillusionment surfaces.

Last weekend was one of those events, and many people are trying to recover until they hear that one more piece of Hope awakens something inside of themselves again giving them a reason to live.

Over time, a person can lose all sense of reality doing this over and over and over. Just know, the Seeds of Wisdom Team is here to support you the best way that we can, but you have to do your part in opening your hearts and minds into concepts of a reality forming right in front of you inside a digital asset-based trading system. Room Link

Sam Oliver

~~~~~~~~~

Freedom Fighter ©

Has Iraq RV’d in country yet❓

Voice message from Freedom Fighter on Has Iraq RV’d in country yet❓

Listen Here: https://t.me/c/1545617426/75935

~~~~~~~~~

US Fed Announces "Hybrid Digital Dollar" – Physical Currency Embedded with Microchips | Coin Chapter

Disclaimer

We hope you enjoyed this article! Just to be clear, this is an April Fool’s Day special article. In case you are Gary Gensler, please do not blow a gasket and start throwing lawsuits everywhere. We do not need more of them. Nothing in this article is true, neither the tweet, nor the statements. Happy April Fool’s Day!

~~~~~~~~~

Follow Goldilocks' Roadmap

Follow Goldilocks' Timeline

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Thank you Dinar Recaps

DINARRECAPS8 4/1/24 DINARRECAPS8 4/1/24

Iraqi Dinar Today Video Updates Monday Afternoon 4 -1-24

Iraqi Dinar Today Video Updates Monday Afternoon 4 -1-24

Congratulations Very Massive US Treasury Bring New Exchange Rat – 3:51

CBI in 1 to 1 Exchange rate ✅only for dinar holders – 2:33

Chase Bank Latest Announcement On Rv Set New Exchange Rate – 2:32

Iraqi Dinar Today Video Updates Monday Afternoon 4 -1-24

Congratulations Very Massive US Treasury Bring New Exchange Rat – 3:51

CBI in 1 to 1 Exchange rate only for dinar holders – 2:33

Chase Bank Latest Announcement On Rv Set New Exchange Rate – 2:32

Congratulations Very Massive US Treasury Bring New Exchange Rat – 3:51

https://www.youtube.com/watch?v=6uqx8abnUhY

CBI in 1 to 1 Exchange rate only for dinar holders – 2:33

https://www.youtube.com/watch?v=8soWiri8F8A

Chase Bank Latest Announcement On Rv Set New Exchange Rate – 2:32

https://www.youtube.com/watch?v=V5PUJwvGIZs

DINARRECAPS8 4/1/24 DINARRECAPS8 4/1/24

How To Become A Personal Finance Black Belt

How To Become A Personal Finance Black Belt

Written by Sam

David Allen in “Getting Things Done” compares productivity to the martial arts. He gives instruction on how to become a black belt in your personal productivity with a “mind like water” that allows you to handle anything that comes your way with a balanced response. When a stone is thrown into a pond, the water reacts with perfect balance. It reacts just enough to disperse the energy, no more, and then returns to a calm state. It doesn’t over or under react.

Becoming a black belt and having a “mind like water” in your personal finances is very similar. It means you can take whatever is thrown at you without knocking your finances out of control. You can respond to any situation with perfect balance. Unexpected events or changes in your finances, good or bad, can be handled with optimum efficiency, and little or no stress. It means you can direct the flow of money where you need it almost effortlessly.

How To Become A Personal Finance Black Belt

Written by Sam

In an effort to help people gauge where they are in their personal finance development, I’ve defined what people at the various “belts” might look like. Where are you?

White Belt

You’ve recognized there is a problem with your finances and have committed to taking control. Recognition that there’s problem may come as a nagging doubt that you’re not meeting all your financial goals or a harsh reality check as you face mounting debt.

You have a lot of stress concerning finances (even if you’re living within your means). You tend to fight with your spouse every time you discuss financial matters. You recognize your spending isn’t in line with your true values. You have no idea where all the money goes from month to month. You may be living paycheck to paycheck.

If you saved $5 on your phone bill, it would just disappear somewhere but you don’t know where. Your idea of an emergency fund is a credit card or Home Equity Line of Credit. You frequently pay late fees on your bills and unnecessary bank fees. Net worth? What’s that?

Despite your lack of financial control, you have a strong resolve to take action even though the thought of facing the “deep mess” of your finances seems overwhelming. You and your spouse have agreed to work together.

In an effort to get your spending under control, you’ve started using cash for your “out-of-control” budget categories. You’ve stopped using credit cards somewhat reluctantly and possibly out of the sheer pain of your dire financial straights.

Despite some complaining, your family has agreed to use cash as well. You’ve taken initial steps to figure out what your basic monthly income and expenses are and have tried budgeting for at least one month even though it doesn’t match reality yet.

Most importantly, you’re no longer willing to BE IN DEBT!

You’re no longer willing to constantly WORRY ABOUT MONEY!

You’re no longer willing to FIGHT ABOUT MONEY!

You’re no longer willing to PAY LATE FEES!

You’re committed to TAKING RESPONSIBILITY FOR YOUR FINANCES!

You’re committed to WORKING THROUGH FINANCIAL ISSUES TOGETHER WITH YOUR SPOUSE!

White belts come in many shapes and sizes. Of course, those steeped in debt and on the verge of bankruptcy can be white belts, but so can those who are living within their means (see below).

Being a white belt means you don’t have total control over where your money goes. Your spending doesn’t reflect your true values and is not conscious. The white belt is about recognition and commitment. You’ve recognized a need to change and are committed to doing what it takes to change.

Green Belt

You’re well under way implementing your financial-management plan. You’ve budgeted for at least 3 months in a row and have worked many of the kinks out. Your budget actually reflects reality.

To Read More Go Here:

http://www.gettingfinancesdone.com/blog/archives/2006/10/how-to-become-a-personal-finance-black-belt/

Dinar Recaps 20 4/1/24 Dinar Recaps 20 4/1/24

More News, Rumors and Opinions Monday Afternoon 4-1-2024

TNT:

Puddledpnw: Zimbabwe to Keep Local Dollar Despite Losses, Revamp Plans, Ncube Says

March 23, 2024 at 11:38 AM PDT

Zimbabwe plans to keep its local dollar, a currency that has lost value every single trading day of the year, even as fiscal and monetary authorities work on new plans to revamp the currency, according to Finance Minister Mthuli Ncube.

“We will have a domestic currency, there will always be a domestic currency so there is no way that we cannot have one,” Ncube said in an interview Saturday in Zimbabwe’s second biggest city of Bulawayo. “It’s very important to have a domestic currency so that we don’t just rely on foreign currency only for transactions.”

TNT:

Puddledpnw: Zimbabwe to Keep Local Dollar Despite Losses, Revamp Plans, Ncube Says

March 23, 2024 at 11:38 AM PDT

https://www.bloomberg.com/news/articles/2024-03-23/-zwl-usd-zimbabwe-to-keep-local-dollar-despite-losses-revamp-plans-ncube-says

Tishwash: Information” opens the files for installing lecturers, the exchange rate, and automation in the 2024 budget

An accelerated movement led by the Parliamentary Finance Committee in order to find objective solutions to many of the problems facing the economy and money in Iraq by pushing the government’s programs for implementation in light of the challenges imposed by the oil markets, which constitute an important criterion in determining the volume of money flowing to the country’s treasury, not to mention the rights of multiple segments awaiting resolution. In the 2024 budget.

The Information Agency interviewed Mudar Al-Karawi, a member of the Parliamentary Finance Committee, to find out the most prominent developments in the economic file in the country and its challenges during 2024.

Q/ When will the 2024 budget schedules reach Parliament and are there any important changes?

A/ We expect the 2024 budget schedules to arrive next week after they are completed by the government committee, after which they will be discussed by the committee, but it is too early to talk about its provisions in detail, but the Ministry of Finance is awaiting approval of the schedules in order to launch financing for all governorate projects according to the instructions.

Q/ Where has the automation file reached in state institutions?

A/ There is remarkable progress in applying automation, especially in the tax and customs departments, not to mention the rest of the other services, because it is a path that will reduce the routine of administrative procedures and close 50% of the doors to corruption, in addition to being an effort to develop non-oil revenues for the Iraqi treasury.

Q/ The 2020 lecturer file in education, will it be decided in the 2024 budget tables?

A/ The Parliamentary Finance Committee gives importance to this file, and we officially asked the Ministry of Finance to include their appointments within the Ministry of Education’s 2024 allocations, and we are awaiting the schedules in order to deal with them according to the procedures.

Q/ Will the exchange rate in the parallel market witness a greater decline in 2024?

C/ The Central Bank and financial measures contributed to stopping the fever of the exchange rate rise in the parallel market and even controlling it at high rates and the gradual decline that occurred, even if it was slow over the last five months, but it was the beginning of pushing it to be close to the exchange rate specified by the Central Bank of Iraq, i.e. The decline will continue

Q: Was the amount of money allocated to provincial projects in 2023 limited?

Q/ It was not limited, but rather it was at a high rate compared to previous years, especially since the total amount allocated amounts to more than 10 trillion dinars, and it covers more than 5 thousand projects in the governorates, but reaching the actual completion requires some time, especially with the procedures and time period to complete the stages. .

Q/ What is Iraq’s 2024 strategy to confront its financial challenges?

A/ Iraq is still facing a real challenge represented by its dependence on the sale of oil as a primary resource for its treasury at a rate approaching 90% in light of price fluctuations that put the economy in a difficult situation from time to time. Therefore, there is a general trend in maximizing non-oil treasury revenues and establishing a culture of partnership between the two sectors. Public and private, to crystallize a long series of investments that create job opportunities and provide indicators of activity according to the principle of service in exchange for interest.”

Q/ What are the most prominent challenges of investments in Iraq?

A/ For years, the security factor has been the most prominent challenge to investment and attracting capital, but the situation is currently different with stability and control of the security forces, but the marketing factor remains, creating flexibility in procedures, reassuring investors, and diversifying job opportunities are challenges that must be paid attention to, in addition to the necessity of ending any indicators of corruption that are trying to approach the file. Investing and seeking to reduce procedures in a way that contributes to attracting more money, especially since internal investment rates increased by 35% in the past 16 months.”

Q/ Is Iraq continuing to diversify currency baskets?

C/ A current reality imposed by international conditions on the importance of diversifying the basket of currencies in order to secure import needs from multiple origins and not to limit dealing to one or two currencies. Also, pushing the Iraqi reserve to the principle of diversification is very important, and it is a context that most countries in the world have begun to adopt in recent years. link

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

Militia Man Auctions are going to stop as we know them. They're suggesting they have a move... Quote: "The bank said it would stop the platform at the beginning of the year..." But then they moved to next April 1st. That's Monday...It's exciting times to be sure. If they're stopping those auctions as we know them something's going to change.

Frank26 Article: "Al-Shammari reveals the most prominent files of Sudanese’s visit to Washington and the government’s ambition regarding the dollar" THE FINANCIAL FILES WILL REPLACE THE PROGRAM RATE Quote: "The government is planning to reduce the dollar to the official rate." This is certain, but it takes time.

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

Doubling Down On Hard Landing: Signs Of Coming Bear Market | Lobo Tiggre

David Lin: 3-31-2024

Lobo Tiggre, Editor of The Independent Speculator, discusses the state of the economy, monetary metals, and uranium.

0:00 – Intro

1:14 - Recession indicators

11:25 - Uranium

16:13 - AI and the labor force

21:00 - Market outlook

23:35 - Copper

25:25 - Silver vs. gold

31:20 - Safe haven assets

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

Dinar Recaps 20 4/1/24 Dinar Recaps 20 4/1/24

America is confused about the fields shared between Iraq and Iran... huge, uncontrollable oil flows

KTFA:

Don961: America is confused about the fields shared between Iraq and Iran... huge, uncontrollable oil flows

March 28, 2024

Baghdad/Al-Masala Al-Hadath: Economist Simon Watkins said in a report published by the American Oil Price website that many unofficial flows emerged from increases in the oil fields shared between Iran and Iraq, so that it makes sense for the two countries to work to raise these increases significantly.

There are many fields shared between the two countries, the most prominent of which are Azadegan (on the Iranian side) / Majnoon (on the Iraqi side), Azar (Iran) / Badra (Iraq), Yadavoran (Iran) / Sinbad (Iraq), and Naft Shahr (Iran) / Naft Khana. (Iraq), Dehlran (Iran)/Abu Ghurab (Iraq), Baydar Gharb (Iran)/Fakka Field (Iraq), and Arvand (Iran)/South Abu Ghurab (Iraq).

KTFA:

Don961: America is confused about the fields shared between Iraq and Iran... huge, uncontrollable oil flows

March 28, 2024

The new development initiative between Iran and Iraq will include assigning local companies, most of which are linked to the Iranian Revolutionary Guard or factions allied with Iran in Iraq, and their mission is to increase the return on oil extraction from the smaller joint fields, while Russian and Chinese companies will take the lead in the larger fields.

The idea of limiting local companies to smaller fields is to allow them to develop their oil extraction techniques (with help from Russia and China) so that they can guarantee the average recovery rates of 3.5 percent they have achieved at their designated sites.

A well-known Western oil company laid out plans before sanctions were reimposed on Iran in 2018. It aimed to increase recovery rates in a group of these smaller fields to more than 12.5 percent within 12 months of starting them (from the then average of 2.5 percent). 20 percent after a year, then to about 50 percent within three years.

The Iranian Ministry of Oil hoped that increasing the technical capabilities of local companies would enable them to increasingly participate in the development of larger fields, enabling Tehran to reduce the discount on oil sold to China as part of comprehensive field development packages signed with its companies.

This includes larger fields as well, where the financial potential for even relatively small increases in the rate of oil extraction is enormous.

The combined oil-rich fields in the West Karun region, which includes the North Azadegan, South Azadegan, North Yaran, South Yaran and South Yadavaran fields, for example, contain at least 67 billion barrels of oil and enjoy an average recovery rate that currently stands at only 5 percent.

This is compared to the average recovery rate across the Kingdom of Saudi Arabia, which is at least 50 percent.

An Iranian source told Oil Price: “The recoverable reserves figure increases by 670 million barrels, or about $34 billion in revenue for every 1 percent increase in the average recovery rate across West Karon, even if we were only going to sell at $50 a barrel.”

“Raising the recovery rate to 25 percent across West Karun over a 20-year contract period, thanks to sound joint development, is expected to add $838 billion in revenue to Iran.”

He stressed that the average West Karon oil production today is about 360,000 barrels per day, and sometimes reaches 380,000 barrels per day, while it did not exceed 120,000 barrels per day during 2017.

The main part of the “Comprehensive Cooperation Agreement between Iran and China for 25 years” was for Chinese companies to raise collective production from the West Karun fields by no less than 500 thousand barrels per day.

This is not difficult, as the average lifting cost remains between one and two dollars per barrel of crude oil in Iran itself and in Saudi Arabia and Iraq. But Chinese companies have not yet achieved any meaningful increases, which may be another reason for Iran and Iraq's desire to increase their capabilities to exploit their vast oil resources.

The fields shared between Iran and Iraq have also been invaluable to Tehran's successful efforts to avoid oil sanctions from the United States or Europe for years. Oil is often being explored on the non-sanctioned Iraqi side of the border across the border from the same oil reservoirs as oil exploration continues on the sanctioned Iranian side. This sometimes happens even through extended drilling.

Even if the Americans, Europeans, or any of their most trusted appointees put people at every platform across every common field in Iraq, they would not be able to know whether the oil extracted is from the Iraqi side or from the Iranian side.

Thanks to sound joint development, raising the recovery rate to 25 percent across West Karun over a 20-year contract period is expected to add $838 billion in revenue to Iran.

This made it possible for Iranian oil to be exported to Iraq and shipped to anywhere in the world it was needed for decades.

Further layers of complexity were added to further obscure the true origin of the exported oil. Simple but effective methods include turning off the transponder used by the ship's automatic identification systems, making it difficult to track. link

DINARRECAPS8 4/1/24 DINARRECAPS8 4/1/24

Iraqi Dinar Video Update Late Sunday Evening 3-31-24

Iraqi Dinar Video Update Late Sunday Evening 3-31-24

Al Sudani Big Discussion About IQD RV Today – 3:27

Finally IQD RV Done Today Latest Update – 5:28

Vietnamese Dong Latest Update Today 2024 – 2:51

Iraqi Dinar Video Update Late Sunday Evening 3-31-24

Al Sudani Big Discussion About IQD RV Today – 3:27

Finally IQD RV Done Today Latest Update – 5:28

Vietnamese Dong Latest Update Today 2024 – 2:51

Al Sudani Big Discussion About IQD RV Today – 3:27

https://www.youtube.com/watch?v=cXrgmAibaA8

Finally IQD RV Done Today Latest Update – 5:28

https://www.youtube.com/watch?v=qEnuHXmD6eU

Vietnamese Dong Latest Update Today 2024 – 2:51

https://www.youtube.com/watch?v=y3ts30GwZhA

Dinar Recaps 20 4/1/24 Dinar Recaps 20 4/1/24

"Coffee With MarkZ" Monday Morning Chat 4-1-2024

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: So here we are in April 2024…anyone think we would still be waiting at this point?

Member: Good morning everyone. All the comments from the weekend were very optimistic! Let’s Go!

Member: Well-today is a new month and a new fiscal quarter…..let’s see what it brings us?

Member: Hoping for great news today! No April Fools jokes please!!!

MZ: I am expecting updates today around mid day from some bond contacts. But a fairly quiet weekend. Hoping for news from bond folks that say we are off “stuck” . I will be paying close attention to that chatter today.

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

MarkZ Update- Some highlights by PDK-Not verbatim

Member: So here we are in April 2024…anyone think we would still be waiting at this point?

Member: Good morning everyone. All the comments from the weekend were very optimistic! Let’s Go!

Member: Well-today is a new month and a new fiscal quarter…..let’s see what it brings us?

Member: Hoping for great news today! No April Fools jokes please!!!

MZ: “Iraq’s banking system grows 15.1 percent in 2023 to $158.7 Billion” That is an enormous jump. This is part of the process to reinstate their currency. Deposits continue to increase as more people keep their money in the bank instead of under mattresses.

Member: Rumor is People are starting to get paid in Iraq. Let’s see that REER

Member: Did Iraq RV yesterday in –country.

MZ: They did not- according to my sources. So no they do not have a new value yet.

MZ: You may see people trolling us for “April Fools day today” So don’t over react to any rumors you may hear today.

Member: With Maliki gunning for Sudani he better pull this off quickly or early elections and he is out !!!

Member: Sudani is coming to the US April 15th

Member: Since Sudani has to go to US on April 15th does that mean nothing will happen on the RV until then or after?

MZ: Many believe he could be coming to the US after the RV for his “victory lap”

Member: I’ve been hoping it will happen during Ramadan much like Kuwait did when they had their RV…Ramadan ends around April 10th.

Member: Eid El Fitr is the holiday right at the end of Ramadan….kinda like our Christmas with the exchanging of gifts. Maybe they will get a gift of an RV?

Member: I heard Iraq is going to do what Kuwait did and allow their people to party a few days before they release rate to the world?

MZ: Kuwait managed to keep their RV a secret for 10 days before the world found out. With today’s internet they would have a difficult time burying it for very long. I don’t think they would get more than a day or two at most.

MZ: Vietnam news: “VN central bank drains more money from system” They have withdrawn more than $75 Trillion VND from the last 5 trading sessions. Guys, this is almost like they are preparing for an event and I am excited about that.

Member: My Chase no longer selling IDQ-VND or Indonesian rupiah

Member: they're always preparing for an event, and you're always getting excited, and it turns out to be nothing….hope this time is different.

Member: Interesting note......IF the ZIM goes at "face-value" times the current Zim Dollar rate the 100T ZIM Bonds would be worth $45.5M.......

Member: It appears that the LARGEST in ground gold reserve in the world was identified in Zimbabwe this spring........worth approx $47Q

Member: Rumor is the new $ USN is coming out today? Anyone see anything?

Member: My Chase /JPMorgan banking location on Friday said “ We heard what’s happening with the currency –just waiting for it to hit” I said I will be back when it does. They replied they would hold the door open for me.

MZ: I love stories like that one. More indications that they are prepared.

Member: I went to the main Wells Fargo branch in Dothan, AL on Friday and they still deny knowing anything.

Member: IMO Just a FEW people in the banking sys know anything about this. So when your branch workers don't know anything don't freak out.

MZ: Chase seems to be leading the pack on bank stories.

Member: Let the end credits begin

Member: FOOLS GOLD - IN 1582, POPE GREGORY XIII INTRODUCED THE GREGORIAN CALENDAR, MOVING THE START OF THE NEW YEAR TO JANUARY FROM APRIL. THOSE WHO KEPT CELEBRATING THE OLD NEW YEAR RIDICULED AS APRIL FOOLS

Member: To all the PTB reading this. Please release the RV before we have to pay billions of taxes to the cabal in 2 weeks.

Member: Thanks Moderators for your time today and hard work.

StacieZ joins the stream at the end. Please listen to replay for her information

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=2vxkEfOxwHE

Dinar Recaps 20 4/1/24 Dinar Recaps 20 4/1/24

"Tidbits From TNT" Monday Morning 4-1-2024

TNT:

Tishwash: Al-Sudani receives an invitation from the Saudi Crown Prince to participate in the World Economic Forum

Media Office of the Prime Minister: Saudi Crown Prince Mohammed bin Salman referred in his message to the Prime Minister to the close relations linking the Kingdom of Saudi Arabia with Iraq and that his participation will have a good impact on the success of the meeting’s work.

Today, Monday, Iraqi Prime Minister Muhammad Shia al-Sudani received an official invitation from Saudi Crown Prince Mohammed bin Salman to participate in the special meeting of the World Economic Forum, which the Kingdom will host at the end of next April.

This was mentioned in a statement issued by Al-Sudani’s office and received by Shafaq News Agency.

TNT:

Tishwash: Al-Sudani receives an invitation from the Saudi Crown Prince to participate in the World Economic Forum

This was mentioned in a statement issued by Al-Sudani’s office and received by Shafaq News Agency.

The statement conveyed that Bin Salman, in a letter he sent to Al-Sudani, referred to the close relations between the Kingdom of Saudi Arabia and Iraq, and that his participation will have a good impact on the success of the meeting’s work.

According to the statement, the special meeting of the World Economic Forum will be held in Riyadh for the period from April 28-29, and will address a number of international topics and issues, and discuss international cooperation in the fields of economics and sustainable development. link

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

Tishwash: International competition to operate the large Al-Faw port... Transport: We will choose the best

Chinese, Singaporean, and Emirati companies are competing to operate the Al-Faw Grand Port, while the Ministry of Transport will announce during the coming period the company that will become a partner in managing and operating the port.

Director of the Ministry's Media Office, Maitham Al-Safi, said: The Ministry is seeking to contract with international companies specialized in the fields of port management and operation to be accredited as a partner in the management and operation of the Grand Faw Port, as it has received several offers in this regard, and it will announce the name of the operating partner during the next short period.

He added, "The most prominent contenders for managing and operating the port are Chinese, Singaporean, and Emirati companies that have great experience as they manage the most important major ports on the continent of Asia," indicating that "the committees concerned with preparing the requirements for operating the port are working to expedite the preparation of what is required of the companies submitting operating offers through the application." The vision of the government and the Ministry of Transport in establishing strategic projects, the most important of which is this project and making it a global transit station.

Al-Safi noted “the necessity for the company that will be selected to prepare the necessary plans to manage and operate the port based on studying the regional and international maritime transport market and marketing studies and their impact on the optimal choice of management and operation method.”

He explained, "Giving opportunities to invest in Al-Faw Port projects to giant companies that operate within international standards is the most important challenge for the Ministry during the first phase of operating the project, especially as it is prepared to receive reputable international companies that intend to invest in their projects according to future plans and visions that they have set in advance."

He pointed out that “the Ports Administration is working as one team with the Ministry of Transport to achieve the highest levels in implementing port projects that have reached advanced completion rates, whether in the work of the five berths or the highway linking the port and the submerged tunnel in the city of Umm Qasr, or in the container handling station, or in the canal.” Navigationa llink

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

CandyKisses: Transportation: We are working to activate mass transportation in the cities of Sadr and Shula

Economy News - Baghdaddad

The General Company for Passenger Transport and delegations in the Ministry of Transport announced on Sunday the start of activating a mass transport line in some areas of Baghdad passing through the center and south of the capital, while confirming that the next phase will include the areas of Sadr City and Shula.

The company's general manager, Karim Kazem Hussein, said in a statement reported by the official news agency, and seen by "Economy News", that "under the guidance of Prime Minister Mohammed Shia Al-Sudani and under the direct supervision of Transport Minister Razzaq Muhaibis, the company began today in the fourth station to activate mass transport in a number of areas of Baghdad."

He added, "This line will start from the Bismayah area towards Jurf al-Naddaf and Diyala Bridge, then the Canal Road, then the Mashtal Intersection towards New Baghdad, and take the Mohammed al-Qasim highway through the Bab al-Sharqi intersection in central Baghdad, as well as the Nahda intersection, then Sheikh Omar and ending with Bab al-Mu'azzam and back again."

"This axis is the fourth out of 72 axes that will be activated successively on all provinces and areas of Baghdad province," he said, noting that "there is a plan to expand also towards other provinces."

"The next phase will be towards the most densely populated areas towards Sadr City and the torch area, as we have a plan in the coming weeks to start these lines," he said

Mot: Fools Day is Canceled This Year ...................

Mot: That Time Again !!! .........BEST CLASSROOM APRIL FOOLS PRANK EVER

https://www.youtube.com/watch?v=R9rymEWJX38