KTFA Wed. Night CC: "FRANK26….IQD UPDATE…..4-3-24…..A LOT IS GOING ON"

KTFA

Wednesday Night Conference Call

FRANK26….IQD UPDATE…..4-3-24…..A LOT IS GOING ON

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

https://www.youtube.com/watch?v=wbE3xU1-DoM

Iraqi Dinar Today Video Updates Wednesday Afternoon 4-3-24

Iraqi Dinar Today Video Updates Wednesday Afternoon 4-3-24

WOW Iraqi Dinar And Vietnamese Dong RV Happens 12 Hours On Forex – 4:01

Vietnamese Dong Economy Boom VND Rv Is Processing – 4:28

Great News WOW Wells Fargo Bank Set Iraqi Dinar New Exchange Rate – 4:15

WOW Iraqi Dinar And Vietnamese Dong RV Happens 12 Hours On Forex – 4:01

https://www.youtube.com/watch?v=AxfGnetLM3c

Vietnamese Dong Economy Boom VND Rv Is Processing – 4:28

https://www.youtube.com/watch?v=PnOqJc-to0Y

Great News WOW Wells Fargo Bank Set Iraqi Dinar New Exchange Rate – 4:15

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

3 Times You Should Never Ask For $100 Bills at the Bank

I’m a Bank Teller: 3 Times You Should Never Ask For $100 Bills at the Bank

Andrew Lisa  Wed, April 3, 2024  GoBankingRates

According to data intelligence firm SAS Analytics, $100 bills account for 34% of paper currency in circulation in the U.S. and 82% of its value.

In short, most of our paper money is in hundreds — by a mile — but that doesn’t mean there’s never a bad time to walk into a bank branch and ask for one.

Whether you need a fresh, crisp C-note to put in a birthday card, a wedding envelope or just to stash in your emergency cash pile at home, you’ll want to pick your moment.

Here’s what you need to know.

A Note About the Curious, Cumbersome and Crime-Fueling C-Note

The Wall Street Journal and the New Republic are among several publications that have recently reported on a peculiar monetary irony. Although the $100 bill is far and away the most common note — it surpassed even the ubiquitous $1 bill in 2016 — it’s the least commonly used, by far.

ATMs don’t stock hundreds, many retailers don’t accept them and the mere sight of one makes register clerks reach for the counterfeit-detection pen. Look in your wallet. It’s likely you’re not holding any hundreds, and neither is the vast majority of upright citizens.

Bye, Bye, Benjamin?

As part of a longstanding campaign to stop printing and even recall existing $100 bills, the New Republic wrote, “Benjamins are the favorite currency of criminals and almost no one else.”

Rich tax evaders, corrupt foreign officials, money launderers, counterfeiters and other bad actors hoard them, but the law-abiding masses rarely use them except for overseas travel or special occasions.

As far back as 1976, an economist named James Henry called for an end to the $100 bill in an article in The Washington Monthly because — even nearly a half-century ago  — it was the preferred currency of organized crime and tax evaders almost exclusively. In 1945, the Treasury stopped printing $500 and $1,000 bills; and, in 1969, it recalled all remaining $1,000 bills, $5,000 bills and $10,000 bills because of their overwhelming prevalence in money laundering.

That leaves just the mighty C-Note at the top of the hill.

In short, there’s no bill quite like the Benjamin, and asking a bank for one isn’t like asking for any other denomination. Here’s when to avoid doing so.

Avoid Peak Banking Hours

Michael Ashley is a financial planner and the founder of the personal finance site Richiest, but he spent years as a bank employee at Wells Fargo and Citi, two of the largest financial institutions in the country and the world.

To Read Full Article Go Here:

https://news.yahoo.com/finance/news/m-bank-teller-3-times-170019553.html

Goldilocks' Comments and Global Economic News Wednesday Afternoon 4-3-24

Goldilocks' Comments and Global Economic News Wednesday Afternoon 4-3-24

Good Afternoon Dinar Recaps,

Executive Order 13303 Protecting the Development Fund for Iraq and Certain Other Property in Which Iraq Has An Interest.

Signed by   GEORGE W. BUSH THE WHITE HOUSE, May 22, 2003.   Executive Order 13303

~~~~~~~~~

EXECUTIVE ORDER 13303 HAS BEEN LIFTED:

"Protecting the Development Fund for Iraq and Certain Other Property in Which Iraq Has an Interest"

The lifting of this executive order 13303 and the movement from that account to an Iraqi2 account allows Iraq to trade their oil revenue payments in the Iraqi dinar, instead of, the dollar.

The protections of the United States Dollar mechanisms is no longer needed for Iraq since they are integrated into the Digital Asset Based Trading System at this point.

We just recently witnessed their auctions being done successfully on these new digital mechanisms, and it secured their money in the transfers very well.

The oil production of Iraq will now be traded in the Iraqi Dinar. It will begin to place price pressures and demand for the Iraqi Dinar going forward. Let's take a look at the areas of disbursements this will affect for Iraq. See below paragraph.

"Disbursements: To date, disbursements from the DFI have been in support of the wheat purchase program, the currency exchange program, the electricity and oil infrastructure programs, equipment for Iraqis security forces, and for Iraqi civil service salaries and ministry budget operations."

These new demands now being traded in the Iraqi dinar will create price pressures that form new price actions on the market. Appreciations on a country's currency making these moves are expected.
Kurdistan24    OFAC Treasury    GovInfo Library

Watch the water.

© Goldilocks

~~~~~~~~~

Research at the Central Bank of Iraq revealed a decrease in the ratio of non-performing loans to total credit.

The Department of Statistics and Research said that the ratio of non-performing loans to total cash credit witnessed a decline, reaching (6.3%) during the year 2023, compared to (7.2%) in 2022, while in 2021 it recorded (8.8%) and in 2020.

It reached (8.9%), and the department added that the ratio of non-performing loans to total deposits for the year 2023 recorded a rate of (3.2%) compared to the last three years, as it was recorded in 2022 (3.4%), while in 2021 it reached (4.9%) while It was (5.2%) in 2020.

The Central Bank of Iraq confirms that this percentage is an indicator of the efficiency of the Iraqi banking sector in its endeavor to develop its products and adopt new methods and advanced systems for granting credit and reducing the risks of default in accordance with the contexts followed globally.
 
Central Bank of Iraq  information Office  4/3/2024   https://cbi.iq/news/view/2542

~~~~~~~~~

WORLD SILVER SURVEY 2024
Posted on 11 08, 2023
"World Silver Survey, the Silver Institute’s most influential publication will be released on April 17 in New York City and April 19, 2024 in Mexico City. The Institute will issue a press release with the report’s findings on the 17th and post the 2024 edition to our website. A library of past Survey’s can be found here: World Silver Survey Library (https://www.silverinstitute.org/all-world-silver-surveys/)."

Here is what you can expect. There is a strong expectation that we currently have a short squeeze taking place in the silver market.

This will affect the Banking System as so many trades back and forth daily on the COMEX paper trades have propped the system up.   Silver Institute

Are we about to see a second decoupling event in the Commodity Market?

Hi ho Silver. Away.

© Goldilocks

~~~~~~~~~

We have seen a decoupling event in copper, silver is in the process, and gold is around the corner.

These are the Commodity Assets that supports our Global Economies.

When they are free to find their real values, the movement into the new digital asset based trading system will have a new liquidity base for real values.

© Goldilocks

~~~~~~~~~

For new prices on Silver and Gold. Watch the US Debt Clock.  https://www.usdebtclock.org/

~~~~~~~~~

Hong Kong Banking Announcement:

HKMA is in the process of providing guidance for their banking system on the adoption of a Digital Ledger Transmission system.

The DLT will allow Tokenized Assets from their Markets to be processed through their banking system - digitally.

On the retail side, it will help their point of sales purchases inside their local economy.

It is also important to note that Hong Kong has already gone through crypto regulations in their Stablecoin which represents their currencies that were tested and approved by many countries to work with them in trade.  Ledger Insights   LeeWayHertz   Wikipedia

The last article below will give you an idea of their trading partners.

© Goldilocks

~~~~~~~~~

Do you remember the words sewn on to your clothes? "Made in Hong Kong." They trade in sooooooo many countries around the world.

Now, reread the above article on Hong Kong, and you will see why this is so important.

© Goldilocks

~~~~~~~~~

THE SILVER BREAKOUT: Off To $48? | Mike Maloney & Tavi Costa | Youtube

~~~~~~~~~

Take a close look at silver's cup and handle formation.  Right behind it is a coil.

Silver is on the cusp of a breakout. This cup and handle has been forming on Silver for over 47 years.

This shift is very close to the time when we moved from a gold standard to a fiat system.

It has been one of the indicators to watch for traders that will allow us to know when the next system is close in hand.

As we continue to transition into a new digital economy, it will be the commodity bull market that will lead the way.

© Goldilocks

~~~~~~~~~

20% Yield On XRP AMM | Youtube

~~~~~~~~~

Stablecoin Expansion Continues Even as Bitcoin (BTC) Rally Appears to Stall | Coindesk

~~~~~~~~~

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Thank you Dinar Recaps

Wednesday Evening Chat with MarkZ 4-3-2024

Wednesday 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 all and many blessings

Member: RV there yet?

Member:  Let's all hope that MarkZ found some really good information for us this afternoon!

MZ: I am hearing great things from Iraq . I am getting a lot of chatter from groups with expectations again.  Expectations that the Fines and Penalties will be released this week.

Member:  Maybe the fines and panalties to be paid would correspond with 28 Iraqi bank "bans" by the US Treasury release would boomerang that and we re-instate?

MZ: Remember we expect the historical bonds to go first. Then settlements like CMKX, PP’s Farm Claims ect…..then big  groups….then 4A  (who have already turned in their currency for SKR’s) Then us. Somewhere between groups and 4A we should start getting notifications to make our appointments.

Member:  So let’s pray we’ll start scheduling appointments next week!

MZ: I think it’s highly possible that we could. There was a lot of expectations from my Iraqi contacts for today….but have not heard anything from them yet. And we hope to start seeing Fines and Penalties starting tomorrow night…..we shall see.

Member: I wonder how soon we go after F&PS start paying out?

Member: I would say within days……imo

Member: We were always told to look for one of the "events" to help this to go because they like the distraction for us.

Member: I just read that our governor in Indiana has issued a state of emergency the day of the eclipse

Member: It is always darkest before the dawn!!

Member:  IMO I would give the highest estimate for the 8th. I believe they're gonna use the eclipse as a cover . With all the hype out there.

Member: i think it would be a great time to RV tonight

MZ: We have Mr. Cottrell with us tomorrow morning and Sheila and Dr. Scott Young with us tomorrow night……Its going to be great.

Member: Mark thanks for your work each and every day May God bless you.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

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

​TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com

STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx

GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home

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

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

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

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

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

Economist's "News and Views" Wednesday 4-3-2024

BRICS Reshape Global Farming Market: No more following US regulation

Fastepo:  4-2-2024

The BRICS Grain Exchange, a strategic initiative led by Russia, represents a significant move towards reshaping the global grain market

 This initiative aims to enable direct purchases between buyers and producers, thus reducing market volatility and the impact of speculative trading. Russia's collaboration with China is a key component, highlighted by a groundbreaking grain-supply contract valued at nearly 2.5 trillion roubles ($25.8 billion), the largest in the history of their bilateral food trade.

 This deal, which includes the delivery of 70 million tonnes of grain to China over the next 12 years, is part of broader efforts to enhance food and energy security amidst geopolitical tensions.

https://www.youtube.com/watch?v=n4_FIxJdQdU

Is U.S. Debt Problem Imploding? Lyn Alden On 'Fiscal Spiral', 2024's Best Assets

David Lin:  4-3-2024

Lyn Alden, Founder of Lyn Alden Investment Strategy, discusses her outlook for economic growth, inflation, monetary and fiscal policies, and which assets she is most bullish on.

0:00 - Intro

2:35 - Most bullish assets

4:30 - Stock market outlook

8:50 - Commercial real estate

11:20 - Market correction?

12:12 - Fixed income and bond yields

14:35 - Inflation and monetary policy

 20:48 - Fiscal dominance

30:40 - Energy

37:23 - Bitcoin

43:00 - Gold

44:30 - Broken Money

https://www.youtube.com/watch?v=KZ0WY-wXZkE

Banks And Credit Card Companies To Stop Lending, As New Law Shocks Customers

Atlantis Report:  4-3-2024

A lawsuit against major credit card companies, like Visa and Mastercard, has sent shockwaves through the financial industry.

Interchange fees, which are transaction charges merchants must pay every time a customer uses a credit or debit card, have been a contentious issue in the retail industry.

 Retailers have argued that these fees are excessively high, unfair, and ultimately passed on to consumers through higher prices for goods and services.

The lawsuit aimed at resolving a long-standing dispute over swipe fees charged to retailers has far-reaching consequences for consumers and businesses.

https://www.youtube.com/watch?v=_bkCXL3q1PA

Currency Insider Iraqi Dinar – Dong Wednesday Afternoon 4-3-24

Currency Insider Iraqi Dinar – Dong Wednesday Afternoon 4-3-24

Good News for Iraqi Dinar Holder After A Long time – 2:22

Iraq Finally Going To Use New Exchange Rates – 1:52

Good News For Vietnam Dong Holders After A Long Time – 2:30

 Good News for Iraqi Dinar Holder After A Long time – 2:22

https://www.youtube.com/watch?v=nss71vzwABc

Iraq Finally Going To Use New Exchange Rates – 1:52

https://www.youtube.com/watch?v=DQUe0raCEio

Good News For Vietnam Dong Holders After A Long Time – 2:30

https://www.youtube.com/watch?v=yR5OJ-d1FvI

Bruce’s Big Call Dinar Intel Tuesday Night 4-2-24

Bruce’s Big Call Dinar Intel Tuesday Night 4-2-24

Transcribed By WiserNow Emailed To Recaps

Welcome, everyone to the big call. It's Tuesday, April 2nd , and we're so happy you're here. and you can tell by Sue speaking in the place of Bruce that Bruce is, unfortunately, in absentia, And we're grateful to have Bob and I'm here to hold on the fort - we will be letting you know a little bit about why Bruce isn’t here in a moment. Why don't we open with a prayer.

So Bruce was not feeling well, I think he mentioned that on the call. yeah, on Thursday. And basically, and I'll do a little bit and then let Bob on give a little bit and then Bob will just fill in because we've been on Bruce's team at a distance right now.

Basically, he just got pretty severely dehydrated, And now he's with a private physician and getting treated  and was not really really feeling the top notch and feeling well enough to be on the call . After we do the paperwork to do a prayer for Bruce

Brief Intel: 1:17:17

So our number one guy said that there are only – and this is important to know - there are only 19 people in the world that know when this is gonna go and that he was told that  Charlie Ward has an insider's club. We heard about this online in my insiders clubs so to speak -  and that he was on a call on Saturday and  he was basically on blackout.

 And he was saying essentially, when he is in blackout, it's very close -very close to going. And so our number one intel person said, Charlie being on blackout as of this Thursday last week was because the bondholders were moving -  things were basically moving - in their world – they  are still not liquid, but they are moving.

And so, we were told today that the bond holders that we know – should be getting their email tonight or tomorrow – and as soon as they become liquid – which could be tomorrow – or Thursday  - and this is coming from our number one intel guy – we  will get access to our 800 number

What we got also later -  right before I was doing my leadership call  was from a top person at Wells Fargo who said  this could go any time between tomorrow afternoon and Friday morning. So that's Wednesday afternoon and Friday morning.

In addition to that, we heard that these smaller bond holders that we know should be receiving these emails, and they're expecting these emails at any point between tomorrow at around 11 to Thursday and to reinforce that – our number one guy  got an encrypted message from …… well lets say he is connected to somebody very prominent – and very knowledgeable -

and he said, I'd love to tell you – but  all I can tell you without getting my … ( use kind of an odd I'm not going to use it as kind of a extreme language statement)  without getting my my something in a ringer as well.  It should be going within one to two days, and that was at two o'clock.

So what you can tell from this is that everything is collecting  around tomorrow afternoon to Thursday to Friday morning. That's coming from the top of Wells Fargo to this other person is connected to people that really know what's going on and probably connected to the 19 people that really know what's going on.

He says it should be in the next couple of days. And then the bond holders are expecting their emails and wanting to get that notification that they will be liquid between tomorrow and about 11 to Thursday,  So we see somewhere between tomorrow just like the Wells Fargo guy said to Friday morning is our current window  - our current window.

And that's pretty much Charlie Ward is on blackout. Everything really started to hustling on on Thursday last week when he went into blackout  - we’re just waiting for the bondholders to get liquid - being told that they're about to be liquid, and then we will go anywhere from approximately 12 hours after that.

So as you can see things moving. Everything's moving in that direction. We also asked when there will be a political change in regard - and were told don't bother asking anymore. Nobody's going to tell you. So that's that – and that’s the  intel  for tonight -  and I would say to be looking and keeping an eye on your emails  for tomorrow afternoon to Friday morning - so just kind of end of the week.

Thanks everyone we will see you Thursday

Bruce’s Big Call Dinar Intel Tuesday Night 4-2-24   REPLAY LINK   Intel Begins   1:17:17

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Bruce’s Big Call Dinar Intel Thursday Night 3-28-24   REPLAY LINK   Intel Begins 1:05:40

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Bruce’s Big Call Dinar Intel Tuesday Night 3-26-24   REPLAY LINK   Intel Begins   1:05:25

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Bruce’s Big Call Dinar Intel Thursday Night 3-21-24   REPLAY LINK   Intel Begins 1:01:31

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Bruce’s Big Call Dinar Intel Tuesday Night 3-12-24   REPLAY LINK   Intel Begins   1:11:11

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 Bruce’s Big Call Dinar Intel Thursday Night 3-7-24   REPLAY LINK   Intel Begins  1:18:08

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Bruce’s Big Call Dinar Intel Tuesday Night 3-12-24   REPLAY LINK   Intel Begins   1:01:30

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Bruce’s Big Call Dinar Intel Thursday Night 3-7-24   REPLAY LINK   Intel Begins  57:00

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Bruce’s Big Call Dinar Intel Tuesday Night 3-5-24   REPLAY LINK   Intel Begins   1:04:40

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 Bruce’s Big Call Dinar Intel Thursday Night 2-29-24   REPLAY LINK   Intel Begins  1:07:37

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Bruce’s Big Call Dinar Intel Tuesday Night 2-27-24   REPLAY LINK   Intel Begins   1:21:31

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Bruce’s Big Call Dinar Intel Thursday Night 2-22-24   REPLAY LINK   Intel Begins  1:05:45

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Bruce’s Big Call Dinar Intel Tuesday Night 2-20-24   REPLAY LINK   Intel Begins   1:02:30

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Bruce’s Big Call Dinar Intel Thursday Night 2-15-24   REPLAY LINK   Intel Begins  1:29:29

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Iraq Economic News and Points to Ponder Wednesday AM 4-3-24

Iraq Economic News and Points to Ponder Wednesday AM 4-3-24

Tlm724 Administrator Bondlady’s Corner

Sudanese Advisor: The World Bank Plays A Positive And Supportive Role For The Iraqi Economy

Economy | 05:45 - 04/03/2024  Mawazine News - Baghdad,  the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed today, Wednesday, that the World Bank plays a positive and supportive role for the Iraqi economy, and its team in Baghdad represents the advisory arm for the government program.

Saleh said, “The World Bank Group in Iraq launched its new relationship with our country in accordance with what was stipulated in UN Security Council Resolution 1483 in May 2003, and it is undertaking the task of mobilizing financial and technical assistance to support Iraq’s efforts to restore confidence in the economy, build its foundations, and reduce the burden of its debt, in cooperation with the Fund.” International Monetary.

He added, "After years of wars and conflicts that affected the country's infrastructure since the 1980s and Iraq's severance and isolation from the world and multilateral international organizations, the bank contributed by taking its active role after the year 2003, especially in managing a number of development financing funds for the benefit of our country's economy."

He continued, "This was done by managing the funds provided by donor countries to Iraq under the Madrid Donors Conference held in October 2003, or by contributing to supporting the private sector through the role assumed by the International Finance Agency (IFC) as one of the arms of the World Bank Group active with the private sector."

As well as through the Bank’s role in supporting some aspects of development and facilitating ways of stabilizing our economy, including providing soft loans provided by the World Bank to support the national economy on various occasions during the last twenty years, specifically during the dual financial and security crisis to confront the ISIS terrorist gangs and the decline in oil prices after... The year 2014.”

He added, "The World Bank also played a role in improving the governance of economic life and rebuilding the requirements of a more powerful and modern digital and development era for the benefit of our country in many areas, in addition to contributing to rebuilding livelihoods by enabling social welfare programs and providing them with plans and programs that address issues of combating poverty."

He pointed out, "The World Bank works closely with international partners to support economic reforms, specifically in the financial, banking, and public finance sectors."

Saleh continued, “The World Bank today is not only a financing institution, but rather a bank that provides knowledge and its tools based on its accumulated experience that has reached nearly eighty years.

Since its founding in 1945, Iraq was at the forefront of the founding countries of the World Bank Group and the International Monetary Fund, and this is how the bank is viewed.” The International Bank is currently considered an “information and knowledge bank.”

https://www.mawazin.net/Details.aspx?jimare=245252

Stability In Dollar Exchange Rates In Baghdad, Basra And Erbil

Wednesday 03, April 2024 12:04 | Economical Number of readings: 200 

Baghdad / NINA / The exchange rates of the dollar against the dinar witnessed stability this Wednesday morning in Baghdad, Basra and Erbil.    Below is a list of dollar selling prices:

$100 = 147,200 dinars in Baghdad  * $100 = 147,300 dinars in Basra *  $100 = 147,600 dinars in Erbil.

https://ninanews.com/Website/News/Details?key=1119329

The Financial Advisor To The Prime Minister Reveals The Size Of Iraq's External And Internal Debts

Mazhar Muhammad Salih, the financial and economic advisor to the Prime Minister, revealed the size of Iraq's foreign and internal debts, while indicating a government plan to pay them.

Saleh told Baghdad Today that Iraq’s external debt is very small and constitutes less than 30% of the country’s gross domestic product, and this percentage is less than the standard and safe percentage, which is 60% according to European Union standards. He explained

that Iraq has A plan to repay these debts, the remainder of which is less than $20 billion, approximately one-third of which will be repaid during this year and may decrease significantly over the next few years.”

He added that the largest debt is internal, and this debt does not pose any risk, as it is within government financial institutions, and is not a debt between individuals and the government, and about (98%) is debt between the government, government banks, the Central Bank of Iraq and the Ministry of Finance,” indicating that “there is a plan To settle these debts in the future in a way that does not constitute any burden.”

The financial advisor to the Prime Minister pointed out that “the internal debt is estimated at 50 billion dollars, but it is within the official government financial institution, and the Central Bank controls approximately (64%) of it,” stressing that “The external debt is the most important and Iraq is committed to paying it.   https://www.radionawa.com/all-detail.aspx?jimare=37864

The American Ambassador: Benefiting From Kurdistan's Oil Can Help Iraq Towards Energy Independence

Energy   Economy News – Baghdad  The US Ambassador to Iraq, Alina Romanowski, confirmed that benefiting from the Kurdistan Region's oil and gas will help Iraq towards independence in the field of energy.

Romanowski said on the X platform: “In preparation for the Sudanese Prime Minister’s visit to the United States, I discussed with Federal Oil Minister Hayan Abdul-Ghani Iraq’s independence in the field of energy for the benefit of the Iraqis.”

The American ambassador added: "Benefiting from the oil and gas found in the Kurdistan Region of Iraq can help Iraq on its path toward energy independence."

It is noteworthy that the Iraqi Ministry of Electricity intends to purchase gas from the Kormor field in Sulaymaniyah Governorate in the Kurdistan Region to meet the needs of production stations “in the northern region.”  Views 63  Added 04/03/2024 - https://economy-news.net/content.php?id=42142

A Slight Increase In The Prices Of Basra Heavy And Light Crude Oil

Economy | 10:59 - 04/03/2024  Mawazine News – Baghdad  The prices of Basra Heavy and Medium crude oil rose slightly today, Wednesday, with the rise in oil prices in global markets.

Basra Heavy crude prices rose 42 cents to reach $83.43, and Basra Medium crude prices rose 42 cents to reach $86.81.

Global oil prices rose as a larger-than-expected decline in US crude inventories and escalating geopolitical tensions raised investor concerns about tight supplies.

https://www.mawazin.net/Details.aspx?jimare=245208

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

Provoking Points To Ponder On Failures and Mistakes

 Virtually nothing comes out right the first time. Failures, repeated failures, are finger posts on the road to achievement. The only time you don't want to fail is the last time you try something.... One fails forward toward success.- Charles F. Kettering

A clever man commits no minor blunders.- Johann von Goethe

Sometimes a noble failure serves the world as faithfully as a distinguished success.- Edward Dowden

No man ever progressed to greatness and goodness but through great mistakes.- Frederick W. Robertson

The credit belongs to the man who is actually in the arena; whose face is marred by dust and sweat and blood; who strives valiantly; who errs and comes short again and again; who knows the great enthusiasms, the great devotions, and spends himself in a worthy cause; who, at the best, knows in the end the triumph of high achievement; and who, at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who know neither victory nor defeat.- Theodore Roosevelt

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

http://famousquotesandauthors.com/quotes_by_topic.html

More News, Rumors and Opinions Wednesday Afternoon 4-3-2024

KTFA:

Clare:  Saleh: The budget tables took into account economic variables and social conditions

  4/3/2024

The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that the financial budget tables for the year 2024 took into account the social and economic conditions of the country.

Saleh told {Al-Furat News} agency, “The financial tables prepared in the budgets took into account the economic and social conditions and variables required by the country’s need for development and economic progress in the year 2024, in order to proceed with their implementation as an annual financial plan that works within the framework of the principles of the tripartite general budget itself, in letter and spirit.”

Member of the Parliamentary Finance Committee, Jamal Cougar, had expected that the schedules would take 20 days in Parliament after they arrived from the government for approval.

A few days ago, the Council of Ministers received the budget schedules from the Ministry of Finance, and work has begun on them to be signed and later sent to the House of Representatives.

 Raghad Dahham   LINK

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Don961:  Recovering “dormant” accounts belonging to the former Republican Guard

 Baghdad: Al-Sabah 

The Iraq Assets Recovery Fund was able to uncover and return accounts belonging to the Republican Guard in the previous regime, worth more than 4 billion dinars.

Vice Chairman of the Fund’s Board of Directors, Ayman Dawoud Salman, told the Iraqi News Agency (INA), “The Fund was able to uncover dormant accounts for more than 20 years belonging to the Republican Guard in the previous regime, with a value of 4,386,303,138 Iraqi dinars, and return them to the accounts of the Ministry of Finance in the Central Bank.” The Iraqi.

On a separate level, the work team of the Basra Investigation Directorate of the Integrity Commission was able to arrest an employee at the Shalamsha border crossing. For his delivery of the beginnings of about (60) “trailer” vehicles loaded with skewer iron to the owner of the importing company; In exchange for obtaining sums of money,” the Integrity Commission’s statement explained that “the purpose of the manipulation of the weights, which was carried out in agreement with the scale employee; "It is to evade paying customs duties." 

The statement added, "This act led to a waste of public money," noting that "60 cars loaded with iron and their pallets were seized, in addition to five drivers."

He pointed to "the decision of the judge of the investigative court specialized in examining integrity cases in Basra to arrest the accused in accordance with the provisions of Articles (340) of the Penal Code and (194) of the Customs Law."

The statement continued, "At the Safwan border customs port, the directorate's work team was able to arrest a customs broker red-handed as he received the first installment of the bribe amounting to four million Iraqi dinars, and thwarted an attempt to enter a vehicle that was not allowed to be entered in an illegal manner in agreement with employees at the port." And Customs,” noting that “they controlled the transaction of the car in the possession of the accused, who explicitly admitted to receiving the money in exchange for removing the cars from the port in violation of the law.”   LINK

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

Mnt Goat   In today’s news articles we learn about the expiration of the extension of the US President’s Executive Order 13303 put in place in 2003. So, there is no extension this year...Why is this so important to us investors?  First, the expiration of 13303 shows to us once again that Iraq is slowly moving out of the sanctioned mindset altogether. But now we moved to a new level. We know that in December of 2022, Iraq completed its war reparations payments to Kuwait and thus followed that all the remaining UN sanctions were lifted.  [Post 1 of 2....stay tuned]

Mnt Goat   What happened next was the VERY quick response by the CBI to begin the de-dollarization process in Iraq in 2023.  Then the unanticipated length of resolving the issue of the stability with the parallel market which delayed the process we are now looking for.   Last week they told us the parallel market is now under control...I verified this with my CBI contact...Many investors have been waiting for this news...and tell us that this is a VERY GOOD sign for us in that since we no longer will be needing this protection, since maybe the dinar is soon to be free to move into its full potential as a sovereign, global currency...Remember it is normally renewed on April 1st and so what is in stored for us in April? Just saying... [Post 2 0f 2]

Cbi of Iraq

Nader:  4-2-2024

https://www.youtube.com/watch?v=c-9D6OBzG3Q

Strong Economy Narrative Is Farcical! with Matthew Piepenburg

WTFinance:  4-3-2024

During our conversation we spoke about what is currently happening in the economy, why speculators are the only ones making money, no alternative to the US Dollar, Financial repression, wealth divide and more. I hope you enjoy!

 0:00 – Introduction

 1:45 - What is currently happening in the economy?

5:57 - Debt owned by bottom 50%

13:25 - Speculators the only ones making the money?

18:22 - No alternative to the US Dollar

28:22 - Strong US Dollar moving forward in short-term?

 33:23 - Potential for Financial Repression?

37:33 - Is there away out of the current crisis?

40:19 - How do you get rid of the wealth divide?

 45:00 - Last question to takeaway from podcast?

https://www.youtube.com/watch?v=VLHRWPZ8A7M

"Tidbits From TNT" Wednesday 4-3-2024

TNT:

Harambe:  Zimbabwe Set to Announce Fate of Local Currency After 73% Plunge - Bloomberg 4-3-24

Zimbabwe’s currency plunged to yet another record low as citizens rushed to the safety of the US dollar amid speculation an announcement from the central bank on the fate of the local unit is imminent. 

The Zimbabwe dollar traded at 22,476 against the greenback, taking its losses this year to 73%, the world’s second-worst performance only after the Lebanese pound. A sense of urgency has gripped the nation after authorities brought forward the start date of the new governor, John Mushayavanhu, by a month.

The local media reported the move was made to announce a new currency plan that may include embracing the gold standard.

The southern African nation’s unstable currency risks sending the nation back into hyperinflation 15 years after its old local dollar had to be abandoned. The latest two Reserve Bank of Zimbabwe governors, John Mangudya and Gideon Gono, failed to bring order to the exchange rate despite multiple efforts.

These included the launch of gold coins and gold-backed digital tokens under Mangudya’s watch, while Gono repeatedly slashed zeros off banknotes as hyper-inflation spiraled and topped 231 million percent in 2008.

“What we are seeing is anxiety and people preferring to hold US dollars,” said Lloyd Mlotshwa, head of research at IH Securities, a Harare based brokerage. “This signals reverting to a place of safety ahead of the currency announcement.”

Local media reports at the weekend said Mushayavanhu, who assumed office on March 28 instead of  as planned, may announce at the end of this week the new currency policy in a monetary policy statement, which has been delayed for almost two months. 

The central bank has not given a date on the release of the monetary-policy statement that was originally scheduled for February but had been deferred to give policymakers time to finetune the currency plan. 

David Mnangagwa, the country’s deputy finance minister, said last week the statement’s release was imminent, attributing volatility in the exchange rate to “anxiety and anticipation” over the policy’s delay.

Meanwhile, the premium for dollars in the parallel market over official rates has widened 60% to as much Z$36,000, according to which monitors the exchange rates. 

 https://www.bloomberg.com/news/articles/2024-04-02/gold-standard-beckons-zimbabwe-dollar-as-new-governor-set-to-reveal-new-policy

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Tishwash:  Iraqi economy faces threat as US closes oil revenue account

According to the letter, Iraq maintained this account with the US Federal Reserve Bank, allowing it to receive oil revenues in dollars and utilize them to cover essential expenses in accordance with agreements with the United States.

 In a recent development that has raised concerns over the stability of the Iraqi economy, the United States has closed the account through which Iraq collects revenue from its oil sales.

This revelation came to light through a letter addressed to the Finance Committee of the Iraqi Parliament, dated March 18, 2024.

The letter, signed by Ammar Khalaf, Deputy Governor of the Central Bank, outlines the closure of the account known as the Development Fund for Iraq (DFI), which has been operational since 2003.

The DFI, under the supervision and protection of the United Nations and the United States, served as a crucial mechanism for Iraq to collect and manage its oil revenues.

According to the letter, Iraq maintained this account with the US Federal Reserve Bank, allowing it to receive oil revenues in dollars and utilize them to cover essential expenses in accordance with agreements with the United States.

However, with the closure of the DFI account, Iraq's oil revenue is now being directed to a new account, referred to as IRAQ2. This transition raises concerns among experts, including finance and banking specialist Kamaran Qadir Yaqub, who warns that the protection previously afforded to Iraq's revenue may no longer be guaranteed.

Yaqub emphasizes the risk that IRAQ2 could be vulnerable to potential interference or manipulation by the United States, posing a significant threat to Iraq's financial stability.

In addition to the closure of the DFI account, the letter also sheds light on a contractual arrangement between Iraq and a US company for the transportation of dollars from the United States to Iraq. Under this contract, Iraq paid a security deposit of $441,000, with a transportation fee of $216,310 for each convoy of dollars.

The closure of the DFI account and the implications for Iraq's financial security highlight the complex dynamics of international financial relations and the vulnerability of countries reliant on oil revenue. As Iraq navigates these challenges, stakeholders closely monitor developments to assess the impact on the country's economic stability and future prospects    link 

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Tishwash:  The Central Bank is preparing a report to lift the ban on 28 Iraqi banks

 Today, Wednesday, the Parliamentary Investment and Development Committee revealed steps by the Central Bank to lift the ban on 28 banks, while indicating that the private sector will participate with the public sector in many strategic projects.

The head of the Parliamentary Investment and Development Committee, Hassan Al-Khafaji, said in a statement followed by “Al-Iqtisad News”: “The committee proposed to the Governor of the Central Bank, Ali Al-Alaq, to ​​support private private banks and involve them in loans,” explaining that “the governor confirmed his support after lifting minor violations against some banks.” . 

He pointed out that "the governor of the Central Bank promised to submit a report to the US Treasury to lift the ban on Iraqi banks, which number 28 private banks," expecting "the ban on those banks to be lifted during the coming period."

The Chairman of the Parliamentary Investment and Development Committee affirmed “his committee’s support for the private sector as it is the strategic partner and ally of the public sector, and a country cannot progress and prosper without the private sector,” pointing out that “the private sector will participate with the public sector in many important strategic projects, electrical, industrial, and others   link

Mot:  .. why are You Late.. didnt YOu Hear the Alarm Clock! -- Yes I Did and ~~~

Mot:  . OK - OK - BUT!- How bout Opening the Door just a Little ! K