Iraq Economic News and Points to Ponder Late Sunday Evening 4-14-24

Iraq Economic News and Points to Ponder Late Sunday Evening 4-14-24

Tlm724 Administrator Bondlady’s Corner

Expert: The Central Bank Is An Obstacle To Sudanese Economic Directives

Economy | 04/13/2024  Mawazine News – Baghdad  The economic expert, Mustafa Akram Hantoush, confirmed today, Wednesday, that the Central Bank of Iraq is an obstacle due to its delay in implementing the economic directives of Prime Minister Muhammad Shiaa Al-Sudani.

Hantoush told Mawazine News, “The Central Bank is standing in the way due to its delay in implementing the Prime Minister’s directives to launch the initiative for loans for small, medium and large projects, as well as residential ones.”

He added, "The current central bank policy will contribute to delaying the wheel of development by leaving the national banking sector and allowing foreign banks to enter the Iraqi market."

He pointed out that "Iraqi law sets the percentage of foreign ownership at 49%, while today we see many banks owned by foreigners at rates of more than 50%, which is against the law."

https://www.mawazin.net/Details.aspx?jimare=245812

Monopoly In Banking Services 

 Economy News – Baghdad  Yasser Al-Metwally   In a remarkable step, there is a reading in the recent directives of the Prime Minister regarding stimulating the activity of the private banking sector, as an important paragraph indicated that the Council for Competition and Monopoly Affairs was authorized to take the necessary measures to prevent monopoly in banking services, and this is the paragraph that I stopped at and pondered a lot...

The title was striking and an unprecedented step that, if successful, will create a qualitative leap in the performance of the private banking sector and push it to return to practicing its basic activity of providing credit and loans aimed at achieving the required economic development.

I am certain that one of the most prominent reasons for the decline in the performance of the banking sector is its duties assigned to it by the Banking Law, which is the practice of the activity of banking services and products, such as deposits, credit, and lending, given that deposits are the basis of banking activity, but the government banking sector’s monopoly on banking services and the deprivation of private banks has created an imbalance in the performance of private banks. .

Among these services are government deposits, restricting them to government banks, and depriving private banks of benefiting from them in order to invest them in serving borrowers, which has limited them, and I mean private banks, to rely entirely on the currency window to conduct banking affairs.

Thus, these procedures contributed to neutralizing private banks from performing their development role and pushing them to deviate from their banking duties, and this language is understood by specialists.

If the Competition Affairs Council succeeds in this mission, the directives will bear fruit and achieve their goals.

This is at the level of government monopoly on banking services and its restriction to public (governmental) banks.

To be fair, a new phenomenon of monopoly in banking services has recently emerged, which is summed up by the reliance of a limited number of private banks on dealing in dollars, and this is what was imposed by the circumstances of collective sanctions on many private banks.

Here, the Competition Commission must take this aspect of monopoly seriously and search for means to dismantle this type of monopoly by some private banks, especially those with external partnerships. Note that I am not against participation and I do not target these banks,

but to be fair I say that it is unfair for banks participating with foreign countries, regardless of their nationality, to enjoy state funds and to deprive a number of steadfast Iraqi local banks that received a strong blow with penalties for various reasons, most of which are violations. Call them whatever you want and it is possible to address their deprivation. of dealing in dollars and affected its performance.

We hope that this phenomenon will be studied and fair measures will be taken so that banks are equal in their tasks and duties, that there will be no monopoly on banking services, and that an integrated and competitive banking market will be achieved at the same time.

Views 55 04/14/2024 - https://economy-news.net/content.php?id=42441

The General Authority Of The National Bank Of Iraq Announces An Increase In Its Capital To 400 Billion Dinars And The Distribution Of Cash Dividends At A Rate Of (20%)

Economy News – Baghdad  The General Authority of the National Bank of Iraq announced the approval of the Board of Directors’ recommendation to increase the bank’s capital from 300 billion Iraqi dinars to 400 billion dinars through the balance of retained earnings and distributing them as free shares to shareholders and working to amend Clause Five of the bank’s articles of incorporation, praising the policies and instructions of the Central Bank of Iraq.

Which was distinguished by its “flexibility and rapid response” to economic and political changes, while pointing out the completion of all technical requirements for launching the Swiss T24 system and preparing for the adoption of the anti-money laundering system “IML Sirion”.

The bank said in a statement received by Al-Eqtisad News that the general assembly of the bank approved, during its annual meeting, the distribution of cash dividends to shareholders at a rate of (20%) of the bank’s capital, in addition to the Board of Directors’ report and the financial statements of the National Bank of Iraq for the year 2023 and its future plans, especially those related to Financing the opening of 7 branches of the bank during the current year 2024 from retained earnings.

The Chairman of the Bank’s Board of Directors, Bassem Khalil Al-Salem, explained that “the Central Bank of Iraq’s monetary policies and banking instructions during the year 2023 were characterized by flexibility and rapid response to economic and political changes, which contributed to preserving the pillars of monetary stability and supporting exchange rate stability, which strengthened the role of the Iraqi banking sector and maintained... “Its durability, protected the rights of depositors and shareholders, and increased their confidence in the sector.”

Al-Salem pointed out that, “by the end of the year 2023, the National Bank of Iraq achieved distinguished financial performance, after recording net profits after tax of 190 billion Iraqi dinars, compared to 27.5 billion Iraqi dinars during the year 2022, and net interest income increased from 67.6 billion Iraqi dinars.”

To 99.8 billion Iraqi dinars, with a growth rate of 46%, and total income increased from 108.1 billion Iraqi dinars to 343.1 billion Iraqi dinars, with a growth rate of 217%,”

explaining that “these results reflect the effectiveness of the bank’s business strategy, which focuses on basic banking services, the most important of which are bank loans.” For individuals, large, medium and small companies and trade finance services for large companies.”

According to Al-Salem, “The volume of customer deposits increased from 1.5 trillion Iraqi dinars in the year 2022 to 2.9 trillion Iraqi dinars in the year 2023, with a growth rate of 90%, and the total direct credit facilities also increased from 951 billion Iraqi dinars to 1.3 trillion Iraqi dinars, with a growth rate of 38%.” %,” indicating that “this growth came as a result of the expansion of loans granted to the category of employees whose salaries were localized with the bank, in addition to small, medium and large companies.”

Al-Salem pointed out that “the growth of various financial indicators contributed to an increase in the bank’s assets by 65% ​​to reach about 3.9 trillion Iraqi dinars, the highest in the bank’s history,” pointing out that this increase reflects the growth in the volume of banking business, the increase in the bank’s market share, and the strengthening of its ability to provide banking services to its customers.

For his part, the authorized director of the National Bank of Iraq, Ayman Abu Dhaim, said, “The growth in the bank’s business also included a noticeable expansion in its customer base, which reached 210,000 customers in the year 2023, compared to 57,000 customers in the year 2022,” indicating “the expansion as well.” In the ATM network, adding 50 new machines around Iraq, bringing the total number to 190 machines.

Regarding geographical expansion, Abu Dhaim explained, “The bank opened 5 new branches in the year 2023, bringing the total to 31 branches, including one branch in the Kingdom of Saudi Arabia, which provided great added value to Saudi and Iraqi companies by facilitating sending and receiving internal transfers.” Foreign affairs, granting credit facilities, and providing trade financing services.

Abu Dhaim stated, “The National Bank of Iraq opened a number of advanced centers for counting and sorting cash, and a section dedicated to external transfers to ensure the provision of distinguished service to the bank’s customers from large, medium and small companies,” explaining that the bank offers a variety of new products that meet the needs of its customers and enhance their banking experience.

 In addition to providing custodian services, after obtaining official approvals from both the Securities Commission and the Iraqi Stock Exchange, this service aims to protect Iraqi and foreign investors and provide them with all investment services.

At the level of international cooperation, Abu Dhaim pointed out that “the National Bank of Iraq opened a new account with JPMorgan and increased financial transactions with Citibank, in addition to signing a financing agreement with the US International Finance and Development Corporation (DFC),”

pointing to “a commitment The bank is keeping pace with the latest technological developments and enhancing information security and the efficiency of banking services, as it worked to complete all the technical requirements to launch the T24 banking system, the best and most modern in the world from the Swiss company Temenos, which was launched at the beginning of 2024.

We also made technical preparations to launch a new anti-money laundering management system (AML). Sirion".

Abu Dhaim stated, “The Iraqi National Installment Company began its work during the year 2023, as it provides car selling services in installments to customers whose salaries have been settled with the National Bank of Iraq.”

Regarding the bank’s future plans, Abu Dhaim confirmed that “the bank will continue to expand its branch network, which will be increased by 7 branches to reach 38 branches by the end of 2024. The ATM network will also be expanded and increased to reach 400 tellers, in addition to focusing on developing and marketing services.

” Electronic banking, increasing the bank’s share in financing trade for large companies, expanding the salary localization project and financing small and medium-sized companies, in addition to expanding the attraction of deposits from individuals, companies, and official government institutions, armed with the confidence the bank has gained in the banking sector supported by its financial results and advanced services.”   Views 137 04/14/2024 - https://economy-news.net/content.php?id=42437

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

Provoking Points To Ponder On Failures and Mistakes

We learn courageous action by going forward whenever fear urges us back. A little boy was asked how he learned to skate. "By getting up every time I fell down," he answered.- David Seabury

If I had to live my life over again, I'd dare to make more mistakes next time.- Nadine Stair

Failure is only postponed success as long as courage 'coaches' ambition. The habit of persistence is the habit of victory.- Herbert Kaufman

Entrepreneurs average 3.8 failures before final success. What sets the successful ones apart is their amazing persistence. There are a lot of people out there with good and marketable ideas, but pure entrepreneurial types almost never accept defeat.- Lisa M. Amos

Success is going from failure to failure without loss of enthusiasm.- Winston Churchill

I don't accept defeat as final. Only death is final - and even then I hope for a reprieve.- Phil Gramm

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

http://famousquotesandauthors.com/quotes_by_topic.html

News, Rumors and Opinions Monday AM 4-15-2024

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 Mon. 15 April 2024

Compiled Mon. 15 April 2024 12:01 am EST by Judy Byington

Judy Note Correction on Zim Bond Redemption: Thanks to Becky Subrahmanyam and MarkZ I have learned that this statement I made in past reports is not true: “Zimbabwe has announced their gold-backed currency and their bonds must be redeemed by Tues. 30 April 2024.” There are three kinds of Zim money: 2008-2009 Zim Bonds, Zim fiat money and the new asset-backed Zig.

 MarkZ explained: “The Zim fiat money must be redeemed by Tues. 30 April 2024 for the new Zig. The time limitation has nothing to do with 2008-2009 Trillion Series Zim Bonds that we hope to exchange for USN. The gold/asset backed currency is the new Zig currency and it does not need to be redeemed. Only the Zim fiat money needs to be redeemed by Tues. 30 April 2024.” I apologize for any misunderstanding this may have caused. …Judy

Timing of Global Currency Reset: (RUMORS)

Sat. 13 April Wolverine on the latest news from Rod Steel: “My friend spoke with Patriot Rod Steel today and confirmed that he spoke to some title agents and they received funds. I’m told the paperwork has just been completed and the Admiral will release everything on Monday 15 April. The Iraqi government will release the new ‘lower denomination’ banknotes this week and then publish the new Dinar exchange rate (4+) which will be published in the Official Gazette on Sunday 14 April and then move to FOREX next Monday.

 My very close friend reviewed this information with two other contacts – someone very close to the Admiral, who works with him daily. And the second gentleman is very close to those on Bond’s side who are regularly privy to the details. Both are also in line with Rod’s news, which is extremely encouraging. We also know that Mark is hearing similar stories.”

More from Ginger: “I can’t give details because I’m sworn to secrecy, but I can say that the documents were signed by people we know AND others heard good news from their group leaders on the T3 Bond side. I personally don’t know anyone in T3 who has liquid funds to spend so far, but I’m very happy with all the news we’re getting. I am firm and stable, being optimistic.”

On Sat. 13 April Iraqi Prime Minister Sudani and his delegation arrived in Washington DC. The delegation included a few plane loads of 964 people: his entire cabinet, Oil Minister and his delegation, Finance Minister and her delegation, CBI and Alaq’s delegation and military personnel. The Stock Market is down for EID from the 9th till the 13th.

Sat. 13 April: Our New Currency Under the Quantum Financial System – Gold Backed Digital Currency (The New US Dollar ) – American Media Group (amg-news.com)

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Oil Crisis Alert: The Straights of Hormuz will likely be shut down by Iran. https://x.com/jimfergusonuk/status/1779278505772978415?s=46

The costs of Fuel will skyrocket and there will be shortages not only in the Middle East but across the West. If Iran were to shut down the Strait of Hormuz, it would likely have significant global repercussions, particularly for the oil market.

This narrow passage is one of the world’s most crucial maritime chokepoints, through which about a fifth of global petroleum consumption passes.

Closure of the strait could disrupt oil shipments from major producers like Saudi Arabia, the UAE, and Iraq, leading to a sharp increase in oil prices worldwide. Such an event would also trigger economic uncertainty and could provoke a strong military and diplomatic response from countries dependent on these oil routes, including the United States and other Western nations.

Moreover, the closure could heighten geopolitical tensions in the Middle East, potentially leading to conflicts and further instability in the region.

Read full post here:  https://dinarchronicles.com/2024/04/15/restored-republic-via-a-gcr-update-as-of-april-15-2024/

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

Frank26  Sudani is walking on the yellow brick road to Washington DC . This is going to be historical trip...not just for Iraq, for both sides...the trip to Washington DC is crucial.

Militia Man  Iraq has met the required security and stability in country that is needed to be productive and to perform her duties as a nation to her people in a correct and internationally acceptable manner. If she hadn't she wouldn't be where she is now, which is out from under the protection of EO 13303 outside the DFI.

Jamie Dimon Issues An URGENT Warning

Atlantis Report:  4-15-2024

Jamie Dimon the CEO of Chase Bank Just Gave A Serious Warning as some search for chase bank login they should hear this warning about interest rates.

 His recent pronouncements about the U.S. economy have sent ripples through financial markets and sparked concerns about a potential economic downturn.

As the head of one of the world's largest and most influential banks, Dimon's words carry significant weight and have caught the attention of policymakers, investors, and the general

public. This news has caused a stir in the financial world. Today, Dimon's warning changes everything.

https://www.youtube.com/watch?v=WAa6oBkmQdM

"Tidbits From TNT" Monday Morning 4-15-2024

TNT:

Tishwash:  With the participation of 100 companies from 13 countries...the oil, gas and energy exhibition activities will start tom

 The activities of the Oil, Gas and Energy Exhibition will be launched in Basra Governorate tomorrow, Tuesday, sponsored by the Ministry of Oil and with the participation of 100 companies.

Basra International Exhibition Media and Relations Officer, Osama Majeed, told the National Iraqi News Agency ( NINA ) that all preparations for the opening of the Iraq Oil, Gas, Energy and Oil Equipment Exhibition, scheduled to be held for the period from 16 to 19 of this month, have ended. On the grounds of the Basra International Fair next Tuesday at 11 am.

He added, "There are more than 100 local, Arab and international companies from 13 countries, including Iraq, Switzerland, the United States, China, Saudi Arabia, Turkey, Iran, France, Japan, Britain, Egypt, and the Emirates, with various specializations in oil and energy industry technology. They will participate in the exhibition."

Majeed pointed out that The exhibition will be open to visitors from eleven in the morning until five in the evening.  link

Tishwash:  Iraq and 13 Arab countries possess about 1,500 tons of global gold reserves

The World Gold Council revealed on Monday that Iraq and 13 Arab countries possess approximately 1,500 tons of global yellow metal reserves.

The Council said in its latest schedule for the month of April, which Al-Iqtisad News reviewed, that “Iraq, Algeria, Egypt, Lebanon, Saudi Arabia, Libya, Qatar, Kuwait, Jordan, Syria, Morocco, Tunisia, Bahrain, and Yemen, their global reserves of gold amounted to one million and 481 thousand kilograms.”

He added, "Iraq maintained its ranking of 30th globally out of the 100 countries listed in the table with the largest gold reserves, as its gold possessions amounted to 142.6 tons, which represents 8.4% of the rest of its other reserves."

He pointed out that "the United States of America tops the list with the largest possession of gold in the world with 8,133.5 tons, followed by Germany with 3,352.3 tons, then Italy with 2,451.8 tons, while Yemen ranked 99th with 1.5 tons, followed by Bosnia and Herzegovina with the same amount of 1.5 tons."

The Council stated that “Iraq announced on June 27, 2022, the purchase of new quantities of gold amounting to approximately 34 tons, an increase of 35% over what it had in possession, while in May it announced the purchase of 2.3 tons of gold.”

It is noteworthy that the World Gold Council, which is based in the United Kingdom, has extensive experience and deep knowledge of the factors causing market change, and its members consist of the largest gold mining companies in the world.   link

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Tishwash:  Al-Sudani speaks to the community in Washington about Iraq's recovery and the government's achievements  

Today, Monday, Prime Minister Muhammad Shiaa Al-Sudani met with the Iraqi community in Washington and other American states, and spoke about the government’s achievements in reforming institutions. He also stressed Iraq’s need for the expertise of its people abroad.

Al-Sudani’s office statement:

The Prime Minister, Mr. Muhammad Shiaa Al-Sudani, met with the Iraqi community in Washington and other American states, on the sidelines of his official visit to the United States of America.

His Excellency expressed his pride and appreciation for the Iraqi communities in the United States and the rest of the world, and stressed that Iraq is for all Iraqis, and the country needs the expertise, experiences, opportunities, and initiatives of Iraqi figures in America.

Mr. Al-Sudani announced work on a study to establish a department for expatriate affairs. In order to achieve effective communication with Iraqi communities in the world, the government is looking for competencies away from quotas.

The following are the highlights of what the Prime Minister spoke during his meeting with the Iraqi community in the United States of America:

Our visit to the United States is important; To clarify our vision about the shape of the relationship with America.

America granted Iraq preferences in customs exemptions, and a memorandum was signed with financing institutions worth $5 billion, all of which is not activated within the strategic framework agreement.

Iraq today is different from what it was in 2014. Because ISIS no longer poses a threat to Iraq.

We want to move to bilateral relations with the countries of the international coalition after the victory over ISIS, similar to the countries of the region, including security relations.

The first meeting of the founding committee stipulated in the framework agreement will be held, and there will be periodic meetings of this committee.

Iraq today is witnessing unprecedented recovery, stability, security, real development, and tangible services throughout Iraq.

The government's first step was to reform regulatory institutions, and our anti-corruption measures are professional and not vindictive.

We recovered a lot of money from people wanted in corruption cases who held other nationalities, and some of the wanted persons voluntarily surrendered themselves to the judiciary.

Signing contracts with Total, the fifth round, and the national effort will enable Iraq to achieve gas self-sufficiency within 3-5 years.

We have started with projects related to refineries, and 2024 will be the last year for importing petroleum derivatives.

Iran is a neighboring country with which we have common interests, and America is a strategic ally and our relationship with it is important.

The relationship with Iran and the United States is an advantage for Iraq, and can be used to reduce tension, and this is what happened in all crises in the region.

The US Treasury recorded observations on the work of banks in previous years, and not during the current government that adopted the electronic platform.

We activated the industrial and agricultural sectors, and idle factories were restarted, such as fertilizer, iron and steel production plants.

The basis of economic advancement is the belief in the role of the private sector, which has been supported by the government.

The development road and Al-Faw port projects will create a new Iraq.

The development road is the least expensive and fastest project for transporting goods, and its first principles will be signed during the Turkish President’s visit soon. link

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CandyKisses:  The Sudanese opens the agendas of his files in front of Biden Most notably, the American presence and the tension in the region

Mawazine News-Baghdad

Meets Prime Minister Mohammed Shia Al-Sudani in the evening On Monday at the White House, US President Joe Biden, as the two sides discuss files Vital issues dealing with various economic, political and security fields and ways to activate Vital sectors of the strategic framework agreement signed between the two countries.
Ahead of his meeting with Biden, he will meet with the Sudanese minister. US State Department Antony Blinken, and after the conclusion of the White House meeting, the head of the Ministers and the accompanying Iraqi delegation to the Pentagon building and the Ministry of Defense where he meets with Secretary of Defense Louis Austin, and then holds an expanded meeting with U.S. Undersecretary of the Treasury Wali Adimo in the presence of Finance Minister Taif Sami and Governor Central Bank of Iraq Ali Al-Alaq.

The Prime Minister met on Sunday evening, in The second day of his official visit to Washington, the White House coordinator for the Middle East and Amos Hochstein's energy adviser.
The Sudanese also met yesterday evening, a group of sons of The Iraqi community residing in the United States of America in the presence of the Ministers of Planning Oil and a number of MPs are part of the delegation visiting Washington and the Iraqi ambassador to America Nizar Good God.

In addition, the Investment and Development Committee announced Parliamentary, on Sunday, there is parliamentary support for the Prime Minister's steps to activate the terms of the agreement Strategic framework, indicating that activating the terms of the agreement will advance the country's economic reality And commercial, investment and health.

A member of the committee, Osama al-Badri, said that "The visit of Prime Minister Mohamed Shia Al-Sudani to Washington is very important to activate the terms of Strategic Framework Agreement, which includes the commercial and economic sectors investment, health, educational, agricultural and cultural to advance the reality of the country to the best,"

He said, expressing his hope that "this agreement will be done in the right way from before the Iraqi and American sides." He pointed to "the importance of supporting the bloc Political participation in the Government for the Prime Minister's steps in supporting the implementation of the Convention, and that It gives it a lot of space and enough space to proceed with this agreement," he explained. "The representatives representing the Iraqi people support the activation of the provisions of this agreement, which will be in the interest of the Iraqi people."

Prime Minister Mohamed Shia al-Sudani, confirmed on Saturday, before leaving Baghdad for the United States of America, "The aim of the visit to Washington is to take the relationship between the two countries to a new stage and activating the Strategic Framework Agreement," pointing out that "the Framework Agreement The strategy is in line with the government program and the reforms it contains. economical."

 He noted that "The visit will witness the first meeting of the Joint Coordinating Committee on the implementation of Strategic Framework Agreement, which has not held any meeting since the adoption of the agreement", He pointed out that "the meeting of the Coordinating Committee will deal with trade and energy files. investment, education, transport, culture, anti-corruption and asset recovery."

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CandyKisses:  Al-Karawi: The resistance will not stand idly by if Bidens refuses to remove his forces from Iraq

Information / Baghdad...

The head of the coordinating body of the popular movement for the Belt and Road, Hussein Al-Karawi, said on Monday that the Islamic resistance in Iraq will not remain idle if Biden rejects the decision of the Iraqis to leave the country.

Al-Karawi told Al-Maalouma that "the Islamic resistance in Iraq will return to its qualitative operations against the American occupier and target its military bases that it controls if the Biden administration refuses to remove its forces from Iraq."

He added that "the visit of Prime Minister Mohammed Shia al-Sudani to Washington is a pivotal visit, which will decide the fate of the presence of foreign forces in Iraq."

Al-Sudani called for "having courage and resolving the issue of the exit of US forces from Iraq during his visit to Washington, and informing the US administration of the response of the resistance in the event of its rejection of the people's decision to remove the occupier from the country, especially since the resistance will not remain idle in front of the US military presence."

Prime Minister Mohammed Shia al-Sudani left yesterday for Washington, to discuss a number of issues, including the removal of foreign forces from Iraq and the liberation of Iraqi funds from the US Federal Bank.

Mot ..... WHAT!!!???  Monday Morning

Mot: ... I Wish I Was a Kid again ~~~~~

Iraqi Dinar Today Video Updates Sunday Afternoon 4-14-24

Iraqi Dinar Today Video Updates Sunday Afternoon 4-14-24

JP Morgan And Chase Bank Great Announcement – 4:02

Massive News Happening Finally Announced On Tv – 3:54

Wow Wells Fargo Confirmed IQD Revaluation Time – 4:12

 JP Morgan And Chase Bank Great Announcement – 4:02

https://www.youtube.com/watch?v=laCyGRjkDx4

Massive News Happening Finally Announced On Tv – 3:54

https://www.youtube.com/watch?v=Ga10vjSpxeQ

Wow Wells Fargo Confirmed IQD Revaluation Time – 4:12

https://www.youtube.com/watch?v=qYx3Zb2AtVA

Goldilocks' Comments and Global Economic News Sunday Evening 4-14-24

Goldilocks' Comments and Global Economic News Sunday Evening 4-14-24

Good evening Dinar Recaps,

Yesterday – Isreal    2 m ago   15:32   Shortly before news that Iran had started firing drones at Israel, a short video speech by Benjamin Netanyahu was posted on his X handle. There, the prime minister said Israel had been preparing for years for a possible direct attack by Iran and its defense systems were deployed and prepare for any scenario. Here’s a link to that video and the official translation that accompanied it. Bloomberg
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Yesterday – Isreal   Israel war updates: Iran launches drones at Israel as tensions soar.  Iranian forces seize ship with ties to Israel in Strait of Hormuz amid escalating tension. | USA Today

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BREAKING: Iran Launches Strikes On Israel (Brace For Surging Oil!) | Youtube

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Thus, nations that are actively at war experience a higher level of currency volatility compared to those not engaged in conflict.  How global events affect the forex market. | Investopedia

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You have heard me say it before. Currency values have been known to change during wartime throughout history. Is history about to repeat itself? We are about to find out.

© Goldilocks

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Gold & silver breaking out! | Youtube

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"Focused on economic reforms. Sudanese: The goal of our visit to Washington is to activate the strategic framework agreement" | Search 4 Dinar | US Embassy

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"'China is about to start bidding' — Will Hong Kong Bitcoin ETFs spark the halving rally?"

The approval of Hong Kong's spot Bitcoin ETF this week is expected to be a catalyst for Bitcoin adoption and a huge driver of Bitcoin's price going forward.

This week is the Bitcoin halving. It will cut the supply of this cryptocurrency in half creating a scarcity effect making this asset "Digital Gold."

When the price of Bitcoin goes up, it is long been known that the rest of the cryptocurrencies on the market begin to rise along with it.

Hong Kong is expected to approve both Bitcoin ETF and Ether ETF on April 15th, 2024. This is tomorrow.

The ability to move money from the East to the West digitally at prices raising to their real values backed by gold and other commodities inside these tokenized assets is about to change the business world forever.

This is a historical event of unlimited magnitudes making its way into our banking system and trading system. It will change the way we do business and our way of living in countless ways.

The transition of our new Financial System in terms of International status and ability to move money is about to make history.

From Wall Street to the Shanghai Exchange, the new Digital Asset Based Trading System is creating a foundation for a new digital economy.  Coin Telegraph   CNBC

Buckle up, the plane in the world of Global Digital Financing is about to take off.

"All roads lead to gold, and "digital gold" will set us free."

© Goldilocks
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"Shanghai exchange sets trading limits on gold, copper futures as prices rally"

This past week, there was a huge rally in Gold and Copper. It was so great that limits had to be applied on its growth potential in the Future's Market.

Also, limits were placed on the Oil Market as well during this process. The Energy Transition is expected to be volatile, and trading limits such as these are temporarily applied to keep speculators from taking advantage of spot prices that can influence the price on the movement in these assets slowing the process down.

This tells us that the Banking, Markets, and Commodity sectors of the Market are preparing for our Energy Transition with actual steps showing us their intention for its fulfillment.

These new critical measures will create new paths and new price pressures on the Commodity Markets. Their price controls will enable a reset in the Bull run of our Metal Markets to take place efficiently and effectively.

This is a good indicator that our transition from the Stock Market to the Commodity Market is about to commence.  Economic Times

"All roads lead to gold, and 'digital gold' will set us free."

© Goldilocks

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There are three sectors of the Market I have been watching on the US Debt Clock: oil, gold, and silver.

The "oil to solar" power has been filled in at this time. You just can't make these coincidences up.  US Debt Clock

© Goldilocks
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The current growth wave can be broken down into two drivers. The first is the demand for Bitcoin and Ethereum. | FX Empire

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Ripple vs SEC: Parties File Joint Sealing Proposal | CNN

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Commercial Real Estate loans amount to about $5 trillion. Not all CRE sectors are in trouble. At one end of the spectrum: Industrial is still in good shape. At the other end of the spectrum: office is in terrible shape. Somewhere in the middle: There have been some big defaults in multifamily, but the sector is in much better shape than office.  |  WolfStreet
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MARKETS A LOOK AHEAD: NOW... EXPECT A DIRECT "ATTACK" (FF) ON THE US. Mannarino | Youtube

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We have a number of potential catalysts this week to shake up the markets.

© Goldilocks

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The Central Bank of Iraq decided to approve a request to extend the deadline for receiving requests from brokerage companies to buy and sell foreign currencies of category ( C ) through the merger. | CBI
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From Gold or Copper, Commodities Are 'Best Play' Amid Huge Gains | Business Insider

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Amazon Pay plans to offer credit on UPI  |  Financial Express

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America’s Bonds Are Getting Harder to Sell - WSJ

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Zimbabwe new currency faces odds amid economic woes - The East African

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US consumer sentiment declines in April, inflation expectations rise | Business Standard

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The London Metal Exchange banned deliveries of any Russian supplies of aluminum, copper and nickel.

Many are underestimating the implications of this.

Russia represents:

- 6% of global nickel supply
- 5% of aluminum
- 4% of copper

The metals world is changing.

Read: https://x.com/goldtelegraph_/status/1779592521011839080?s=46

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Russia holds the second largest mine gold reserves worldwide.  | Statista
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It Happens In 5 days...  |  Youtube

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Anyone who does not believe that cryptocurrency has anything to do with the new Digital Banking System is in the Dark Ages.

After next week, we are going to see massive adoption of Bitcoin ETF and Ethereum ETF beyond just the United States of America Markets.

The new drivers of the new economy are Bitcoin and Ethereum at this point, this does not mean they will hold that position over time. It just means they are the first movers.

The liquidity that is about to come in the cryptocurrency market through this Bitcoin halving cannot be understated.

We are witnessing our bridge into the new Digital Banking System. As I have stated before, this is the first RV we are currently and still moving into at this point. This is Phase 1.

Phase 2 will encompass many changes to the Gold and Silver Markets going forward that will support and back our second RV. Our paper currency.

Credit Valuation Adjustments will be taking place on every level of our new Financial System going forward.

Remember, the new Financial system has many layers to it. Each layer stacks one on top of the other to support each other. The moment of truth is here. As one Financial System falls, the building blocks to the new Digital Economy are about to be tested.

This Bitcoin halving will make this asset scarce. The week ahead of us will have many volatile moments in digital assets ending in the culminating event of a halving for Bitcoin. You will hear many people refer to this week's events of turning our Digital Economy into Digital Gold.

© Goldilocks

~~~~~~~~~

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More News, Rumors and Opinions Sunday Evening 4-14-2024

TNT:

Harembe: ZiG will definitively gain in value — Reserve Bank of Zimbabwe | The Sunday Mail (4/14/24)

 ZIMBABWE marked an epochal moment in its history when it introduced a new currency, Zimbabwe Gold (ZiG), on April 5, taking a giant step towards bringing a lasting solution to exchange rate volatility, which, for nearly half a decade, has driven inflation and made saving in the domestic unit difficult.

This is the third time Zimbabwe has switched currencies since scrapping the domestic unit in 2009, amid the ravages of inflation in a country that had gone through fundamental changes in its agricultural land ownership, was buckling under the weight of sanctions and was closed to sources of cheaper external funding.

In the realm of international trade, the dominance of major global currencies such as the US dollar, the euro and the yen has been undisputed for many years.

However, there is a growing recognition of the benefits associated with conducting trade using local currencies.

By bypassing the need for constant conversion into a foreign currency, trade in local units offers numerous advantages. They include enhanced economic stability, reduced dependence on foreign exchange and increased autonomy for any country.

As inflation continued to wreak havoc on Zimbabwe’s currency, the annual rate climbed to 55,3 percent from 46,7 percent in February 2024, reflecting the pass-through effects on prices, which track the movement in the exchange rate.

In light of the high inflation challenges emanating from exchange rate volatility, many observers have wondered how just the change in the national currency could turn the situation around.

But Zimbabwe’s monetary authorities expect the new currency and policy measures they are rolling out to restore confidence in the local unit and go a long way in fostering simplicity, credibility, certainty and predictability in the country’s monetary and financial system.

New Reserve Bank of Zimbabwe (RBZ) Governor Dr John Mushayavanhu last week shared his perspectives on how ZiG and the monetary policy intervention he announced just over a week ago in the 2024 Monetary Policy Statement (MPS) will transform Zimbabwe’s financial affairs.

The country’s new currency will operate alongside several foreign units in the multi-currency regime, legislated to run until 2030, including the US dollar, the pound sterling, the euro, the South Africa rand and Botswana pula.

ZiG shall, the RBZ said, at all times be anchored and fully backed by a composite basket of reserves comprising foreign currency and precious metals (mainly gold) received by the apex bank as part of in-kind royalties and kept in its vaults.

Foreign currency balances will accumulate through market purchases from the 25 percent export surrender requirements, as well as the sale of some precious metals received as royalties.

What has changed?

Responding to questions during an interview with Zimpapers Television Network (ZTN)’s “Beyond the Dollar”, Dr Mushayavanhu said the basket of precious commodities, mainly gold, plus the foreign exchange holdings the bank has, would change the game.

“We are bringing in a new concept in the form of a new currency, which is backed by reserves. RTGS, bond notes were not backed by reserves. This is why they were behaving the way they were behaving.

“So, we decided we have to bring in a new currency, which has a new basis for exchange rate determination and I did explain in the Monetary Policy Statement that the exchange rate for the ZiG is going to be determined by the basket of commodities that is anchoring it.

“Over and above that, it is also going to be determined by the market.

“We had a situation, as I said earlier, RTGS, bond notes were not backed by anything, so we cannot link ZiG to the old currency; it’s a different currency altogether,” he said.

Dr Mushayavanhu said while the bond notes were at some point backed by a US$200 million facility from Afreximbank, the amount of local currency in circulation was exceeded, exposing the local currency to forces of depreciation.

As part of RBZ’s commitment to transparency under his stewardship, Dr Mushayavanhu said the bank opened its vault for all to see that the institution indeed had the gold to back the domestic currency.
https://www.sundaymail.co.zw/zig-will-definitively-gain-in-value-rbz

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Tishwash:  The toman breaks a new record by collapsing against the dollar

Iranian toman recorded a new record decline against the dollar, as the price of the US dollar in the free market in Tehran exceeded 65 thousand tomans for the first time, after the escalation of tensions between Iran and the occupying entity.

The price of the US dollar recorded 65,100 tomans this morning, Saturday, according to the prices announced by exchange offices in Tehran, and the price of the euro reached 70,400 toman on the same day, according to Iranian media.

The new round of record rises in exchange rates in the Iranian market, and in online transactions, began after the Israeli attack on the Iranian consulate building in Damascus, last Monday evening, April 1.

On the last working day of last week, the price of the dollar reached more than 64 thousand tomans, coinciding with clashes between the Jaish al-Adl group and Iranian military forces in Balochistan Province.   link

 ************

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

Frank26  [Iraq boots-on-the-ground report]   FIREFLY:  They talked a long time about how the national cards we have will be used for all transactions in our country.  FRANK:  The national cards tell Iraqi citizens that their currency is about to have value, that it's about to go international.  The International world would not want anything to do with the toilet paper valued currency.  These are the hints.  These are the telltale signs that they are are re-denominating and a new exchange rate is at your doorstep...

Mnt Goat   the TRUTH finally coming out in the Iraq news. We don’t have to guess, it’s in all the news channels from Iraq now. Yes, the Iraqi dinar and the future revaluation of it is on the agenda for the April 15th visit of the Iraqi prime minister Al-Sudani to Washington, DC...The next stop is the in-country rate if all goes well that we should expect shortly after Al-Sudani’s return from Washington DC.  We then know the rest of the process and what happens next…We can almost see the finish line as the train is about to come around the bend.

Foreign banks enter to the market

Nader:  4-13-2024

https://www.youtube.com/watch?v=xxCIZR8BWyk

MARKETS A LOOK AHEAD: NOW... EXPECT A DIRECT "ATTACK" (FF) ON THE US.

Greg  Mannarino:  4-14-2024

https://www.youtube.com/watch?v=Vpix8IwWOto

"Tidbits From TNT" Sunday 4-14-2024

TNT:

Tishwash:  Abdel Wahed: The Sudanese visit to Washington is important and will restore stability to the dinar price

The head of the New Generation Parliamentary Bloc, Sarwa Id al-Wahid, said today, Sunday, that the visit currently being made by Prime Minister Muhammad Shia al-Sudani to the American capital, Washington, came at an important time, expecting that it will bring about a “new phase” in bilateral relations.

Abdul Wahed said in a blog post seen by Mail, “The Prime Minister’s visit to the United States of America comes at an important time, and will be a transition towards a new phase of relations, especially since the visit is evidence of the Iraqi desire to build a sustainable strategic partnership based on mutual respect.” .

She added, "The files that will be discussed, whether economic, security, or political, must certainly benefit Iraq and have a role in the recovery of the economy and the return of stability to the dinar price   link

CandyKisses:  Sudanese arrives in Washington

Baghdad Today - Baghdad

An informed source revealed today, Sunday (April 14, 2024), the arrival of Prime Minister Mohamed Shia Al-Sudani to the US capital, Washington.

The source told "Baghdad Today" that "the Sudanese arrived, a short while ago to Washington."

On Saturday, Prime Minister Mohammed Shia al-Sudani left the capital Baghdad for the United States of America at the head of a government and parliamentary delegation and representatives of the private sector.

The Sudanese media office said in a statement received by "Baghdad Today", that "Prime Minister Mohammed Shia Sudani, left the capital Baghdad heading to the United States of America, at the head of a government and parliamentary delegation and representatives of the private sector, at the beginning of an official visit at the invitation of US President Joseph Biden."

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Tishwash:  Washington discussions... expectations of achieving great economic results

Economic affairs specialists are counting on achieving great results during Prime Minister Muhammad Shiaa Al-Sudani’s current visit to Washington, related to various economic files, especially investment, energy, agriculture and technology, as well as the possibility of reaching a settlement regarding the file of the banks sanctioned by the US Federal Reserve.

They stressed that the visit, which was described as “historic,” will constitute an important transition at the level of economic and investment relations between the two countries, in addition to being a starting point for achieving a package of development achievements through success in attracting specialized companies in various fields. Despite the fact that discussions on activating the strategic framework agreement between The two countries

However, specialists believe that the “economic aspect” could be one of the provisions of that framework agreement between the two countries, and that it will be an essential introduction to activating the investment climate and paths of economic cooperation in vital and important areas, most notably the energy, science and technology sector, and encouraging technological companies.

The Executive Director of the Association of Iraqi Private Banks, Ali Tariq, confirmed that “the visit of Prime Minister Muhammad Shiaa Al-Sudani comes at the appropriate time as everyone knows that there is an interconnection in Iraq’s financial path with the US Federal Reserve, and that most of the country’s financial transactions are based on the US dollar.”

Tariq indicated to “Al-Sabah” that Iraq is moving to strengthen the banking system with the support of the government, which has begun to pay great attention to the financial sector, pointing out that strengthening Iraq’s financial relations with the countries of the world represents an important step that can create a banking system capable of supporting the development it seeks. Iraq is looking forward to achieving it, taking advantage of the amount of wealth it possesses.

Tariq pointed out that tracking financial services in the country indicates a continuous rise in the graph of these services in a way that is consistent with the goals of the association and the public together, as there has become a clear interaction between the two parties, especially in the electronic payment and electronic financial services section.

He stated that the Prime Minister's visit to the United States will have a positive impact in all circumstances, as strengthening financial and economic relations with the world's largest economies represents an important step that enhances the country's capabilities, especially in the financial aspect.

For his part, the economic expert, Dr. Ali Dadoush, explained the possibility that this visit would achieve a number of economic gains, especially in the field of energy, investment, agriculture and industry.

Speaking to {Al-Sabah}, Daadoush said: “Dialogue with American companies with the aim of completely ending the electricity file within a specific period of time and by concluding contracts under the strategic agreement, can be a basic pillar of Washington’s negotiations, as well as attracting companies specialized in developing agriculture and working on “Creating an economic boom in this aspect and establishing projects for commercial agriculture.”

The spokesman stressed the necessity of holding dialogues with American energy management companies with the aim of investing in minerals in Iraq, especially in the western and northern regions, where these minerals abound, which now represent Iraq’s future after oil, in addition to the necessity of discussing the development of the health sector, as it is of equal importance. The rest of the sectors.

Daadoush believes that the discussions between the two countries should include attracting investments to develop the Iraqi economy in general and all three types of transportation.

According to the government spokesman, Basem Al-Awadi, to the Iraqi News Agency “INA”, the visit includes discussing ways to “move to various fields of cooperation, which could include investment, energy, economy, agriculture, etc., especially since the United States is a pioneering country in technology,” noting that “it is Among the files that will be discussed during the visit also are the financial file and what is related to the decisions of the US Treasury, the influence of Iraqi banks, and the debts owed by Iraq.

While the financial advisor to the Prime Minister, Mazhar Muhammad Salih, believes that “the visit of Prime Minister Muhammad Shia al-Sudani to Washington is one of the most important visits in the history of diplomatic relations between Iraq and the United States, which will undoubtedly serve the interest of strengthening the fabric of bilateral relations between the two countries,” pointing out that “this The visit will be an essential introduction to activating the investment climate and economic cooperation paths in vital and important areas, most notably the energy, science and technology sector, and encouraging major technological companies in the United States to take on their vital role in the areas of reconstruction and building productive economic partnerships with activities and branches of the national economy, especially the Iraqi private sector. 

He added, “Aspects of financial and banking cooperation will form an important pillar in supporting the efforts of the United States to support and strengthen the financial and banking market in Iraq, whose stability and growth are the objective basis for strengthening economic, trade, and investment ties between the two friendly countries,” indicating that “this visit will be in the interest of the national economy and put in At the same time, there is a road map that will be clearer and more accurate and consistent in charting the future of relations between the two countries on positive, solid, long-term foundations.  link

Mot:  .... INteresting! -- Veeeery INteresting!!!

Mot: A bit scary 

News, Rumors and Opinions Sunday 4-14-2024

US National Debt To Shatter $141,000,000,000,000 As Massive Borrowing Threatens Dollar’s Reserve Currency Status Over Next Three Decades: CBO

At time of publishing, the US national debt has reached $34.64 trillion.

Alex Richardson – Daily Hodl
April 12, 2024

The Congressional Budget Office (CBO) projects deficits will run wild as the US national debt surpasses a staggering $141 trillion by the year 2054.

In a new budget outlook report, the non-partisan federal agency estimates that the United States’ GDP will reach $85.2 trillion in three decades, but that debt will be 166% of that, or $141.432 trillion.

The excessive debt could threaten the dollar’s role as the reserve currency, the CBO says.

“The likelihood of other adverse outcomes would also increase. For example, expectations of higher inflation could erode confidence in the U.S. dollar as the dominant international reserve currency.”

At time of publishing, the US national debt has reached $34.64 trillion.

The CBO forecasts that rapidly growing debt will eventually push up the cost of borrowing to the point where private investment will reduce, slowing economic growth and making the lives of American workers significantly worse.

“As a result, investment in capital used for the production of goods and services, such as housing and commercial structures, decreases. That reduction in private investment would slow economic growth.

Specifically, as investment in capital declined, workers would, on average, have fewer resources to do their jobs than they would if debt was smaller and capital investment was greater.

Consequently, they would be less productive, their compensation would be lower, and they would therefore be less inclined to work. Those effects would increase over time as federal borrowing grew.”

Read full article here:  https://dinarchronicles.com/2024/04/14/us-debt-to-shatter-141-trillion-as-massive-borrowing-threatens-dollars-reserve-currency-status/

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Ginger: The QFS Operates completely independently from the existing “centralized” banking and ends the “Central Banking System” that perpetuates “Debt Slavery” around the world.

• Even though it is the ultimate in design, reliability, security and safety, the roll-out process will occur over time.

• QFS operates on a Distributed Ledger Technology. It is NOT crypto currency or Blockchain technology.

• Quantum Qubits “interact” with every financial transaction anywhere in the world of finance to ensure that each transaction is legal, owner-intended and transparent.

• Since Central Banks do not have the ability to “reconcile” old FIAT (paper) money into the new QFS system, all fractional reserve banking and central banking activities will cease.

• Every sovereign currency and every bank represents a separate Ledger in QFS.

• Data on all account holders, at all banks, in all 209 participating countries was downloaded into QFS in March 2017 and serves as a “Distributed Ledger”.

• QFS is designed for and ready to convert ALL bank accounts denominated in any Fiat currency anywhere in the world into a local asset-backed currency.

• QFS pings the originating Fiat currency bank account to ensure it is still valid, active, and operational at the time the exchange of fiat currency for asset-backed currency takes effect.

• After the successful ping of a local bank account, the fiat currency holdings are converted into the new local asset-backed currency on a 1:1 basis.

Read full post here:  https://dinarchronicles.com/2024/04/13/restored-republic-via-a-gcr-update-as-of-april-13-2024/

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

Militia Man  We know Al-Sudani is gearing to come to the United States on or around the 15th.  Today we see he's ready to spend about a week in the Untied States.  His saying about a week in the United States is a big deal because that's a long time.  He's bringing...senior representatives from the Central Bank of Iraq...They're going to be talking with the United States Treasury...

Frank26  [Iraq boots-on-the-ground report] FIREFLY:  Television is talking about our international debt going from trillions to billions... FRANK:  That is the definition of lifting the three zeros...It's that simple...Going from trillions to billions - how?  'We already told you, we're lifting the three zeros from our exchange rate.'  Why?  'Because we're re-denominating our currency.'  How?  'By bringing out lower notes and getting rid of the three zero notes... '  Why?  'Because we suffered enough.'

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Iraqi Prime Minister Prepares for Meeting at the White House

Edu Matrix:  4-13-2024

Iraqi Prime Minister Prepares for Meeting at the White House - Progress on the Development Road Project IQD Rate Increases Against the US Dollar - Iraq has started a new military manufacturing project. See why the US may not be happy about this new project.

https://www.youtube.com/watch?v=FMY02Gf_N-U

Iraqi Dinar Video Update Sunday AM 4-14-24

Iraqi Dinar Video Update Sunday AM 4-14-24

WOW It's Massive Exchange Rate – 2:59

This is Good news For IQD Holder's latest Update – 3:17

WOW Joe Biden Decided New 5.73$ Rate For Every Dinar – 3:28

CBI Sells Millions Dollar's On Forex – 2:53

 WOW It's Massive Exchange Rate – 2:59

https://www.youtube.com/watch?v=FKlswq77OWc

This is Good news For IQD Holder's latest Update – 3:17

https://www.youtube.com/watch?v=QLSALI2Kab8

WOW Joe Biden Decided New 5.73$ Rate For Every Dinar – 3:28

https://www.youtube.com/watch?v=4eVBthDgd4U

CBI Sells Millions Dollar's On Forex – 2:53

https://www.youtube.com/watch?v=dxBh2meMt34

Frank26 and Clare "News and Views" Sunday 4-14-2024

KTFA:

Clare:  FROM FRANK: SUDANI IS GOING TO WASHINGTON FOR 1 WEEK BUT HE WILL ONLY SPEND 1 HOUR WITH biden & 6 DAYS & 23 HOURS WILL BE SPENT ON THE REFORMS… WHAT DOES THAT TELL YOU KTFA FAMILY? ……….FRANK26

Frank26:  "WHY... ARE YOU EXTENDING EID HOLIDAY?"........F26

 Demands to extend the Eid holiday until next Tuesday

 Baghdad

A number of citizens today, Thursday, called on Prime Minister Muhammad Shiaa Al-Sudani to extend the Eid al-Fitr holiday to next Tuesday instead of Saturday, as it is an exceptional holiday.

The government set the Eid holiday from last Tuesday, April 9, until Saturday, April 13, with official working hours in all government institutions resuming on Sunday, April 14, 2024.

It is hoped that all government departments and institutions will begin new working hours after the end of the Eid holiday, as it will be The working hours of government departments and ministries in the Green Zone are from 7 pm to 2 pm.   LINK

Frank26:  "IRAQI CITIZENS CHEER SUDANI AS HE LEAVES FOR WASHINGTON"...........F26

TRANSLATION:

The Prime Minister, Mr. Muhammad Shiaa Al-Sudani, made a press statement, prior to his departure for the United States of America, this Saturday morning, in which he stressed that this visit comes at a delicate and sensitive circumstance at the level of relations with the United States of America, as well as at the level of the conditions of the region and what is happening in the territories. Palestinian crimes against innocent people, as well as fears of the expansion of the scope of the conflict.

His Excellency stated that the goal of the visit is to move relations with the United States to a new stage that includes activating the provisions of the Strategic Framework Agreement, which is in line with our government’s program, which focuses on economic and financial reforms and other important fields, as well as productive partnerships with various countries of the world

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Frank26:  "THAT'S WHY THE 9TH-13TH IS IMPORTANT TO STUDY"...........F26

Bankers excited to meet the Treasury

Al-Sudani will stay in America for a week.. A source from Baghdad and another from Washington reveal the agenda

4/12/2024   Baghdad – 

Two Iraqi and American sources said that Prime Minister Muhammad Shiaa Al-Sudani will spend a week in the United States, including discussions with President Joe Biden, and a tour of 3 states.

The Iraqi government source confirmed to the 964 network that Al-Sudani will hold meetings with businessmen, and will be accompanied by Iraqi bank officials.

Informed sources said that the Iraqi bankers who obtained an American visa hope to cancel or ease sanctions on Iraqi banks, and they expect to hear something about this when they attend a meeting at the headquarters of the Ministry of the Treasury.

Politically, there is no change on the Sudanese agenda, and the political file will remain the transformation of the military mission of the American forces, within the framework of the international coalition, into a “security partnership” with Washington that includes armament and training, and the file of disputes between Baghdad and Erbil will also be on the table.

However, there has been a slight change, and Al-Sudani will discuss with Biden the possibility of an Iranian response to the bombing of Tehran’s consulate in Mezze.

A source told the 964 network that Biden will clarify the red lines related to the Iranian threat against Israel.

The American press does not expect “a violent response from Iran against Israel,” and CNN said that Iran may be content with sanctions from the Security Council, while information was circulated regarding “Israel’s acceptance of an Iranian response that can be accommodated if it is limited.”

An American diplomatic source for the 964 Network:

The Iraqi Prime Minister's plane will land in Washington at a specific time on Sunday, April 13.

The Sudanese visit lasts a week and includes 3 American states.

We learned that an important part of the government delegation will be allocated to senior officials at the Central Bank and bank managers, and they will have technical meetings at the Ministry of Treasury.

Iraq has been a mediator over the past few days in attempts to calm the situation and restrain Iran from carrying out a retaliatory reaction after the bombing of its consulate in Syria. There was contact between Minister Fouad Hussein and his Iranian counterpart, and a message in this regard reached Tehran.

I do not think that the Iranian escalation against the backdrop of the bombing of the consulate in the Mezzeh neighborhood in Syria will take up a large part in the Sudanese-Biden meeting, but they will discuss the matter, and the (American) president will clarify the red lines in this crisis.

An Iraqi government source for the 964 Network:

Prime Minister Muhammad Shiaa Al-Sudani will put the issue of activating the framework agreement at the top of the visit’s agenda.

Through this visit, Iraq seeks to move from the security and military aspects with Washington to cooperation in various other fields, economically and politically.

The Sudanese will work to restore balance and strengthen the partnership between the two countries, through a commitment to cooperation and strengthening bilateral relations in multiple fields such as the economic, financial, educational and development aspects.

Another file that Al-Sudani seeks to discuss is the issue of building strong economic partnerships between Iraq and the United States, especially in the areas of trade and investment.

Aqeel Abbas - political and academic researcher, 964 Network:

Al-Sudani's visit to Washington takes place in accordance with the strategic framework agreement, which includes 8 areas of cooperation between Washington and Baghdad, namely military and security cooperation, economic, political, cultural, and others.

The most prominent file that will be strongly discussed is the file of arming and training Iraqi forces by the American side.

The discussions will also focus on protecting the American missions in Iraq, and the role of the factions and Iran in the country.

Washington will express its concern about the leakage of some advanced weapons from Iraq to Iran and will discuss this issue and ways to limit this.

The visit will be different, especially in the energy file, and the Iraqi delegation will include Iraqi businessmen in order to hold discussions with American businessmen regarding such files.

During the meetings with officials, the Prime Minister will focus on the economic aspect, because this will serve his ministerial program and his electoral political project.

The framework forces and the Iranian side support this visit because it will demonstrate American support for the Sudanese government, and this serves them at all levels.

Banking reform is the most important file for the American side, and the Sudanese government has taken many steps regarding this file in implementation of Washington’s calls and demands.

Al-Nasser Duraid - political analyst, 964 Network:

According to the information available so far, the details of the agenda are mostly related to the Iraqi side, more than the regional situation.

Iraq will discuss several files, most notably the issue of banks sanctioned by Washington, as well as the possibility of Iraq playing a mediation role between Washington and Tehran.

The problems between Baghdad and Erbil will be on the negotiating table by the American side.

Washington will discuss the presence of factions in Iraq that are working to target American bases and control their movement by the Baghdad government.

All visits between Baghdad and Washington after 2003 did not change any reality in Iraq because they were protocol and nothing more.

The Coordination Framework forces hope that the Sudanese government will be accepted by the American side.

The visit will not discuss the truce between the factions and the Americans in Iraq, but rather it will discuss Iran's role and influence in Iraq.   LINK

Frank26:  "AS WE TOLD YOU KTFA FAMILY... SUDANI WILL TALK TO DC ABOUT THE MONETARY REFORM BEFORE HE TALKS ABOUT ANYTHING ELSE!!!"........F26 

THE DOLLAR IS ON THE SUDANESE DIALOGUE TABLE IN WASHINGTON.. AL-AWADI TALKS ABOUT THE FUTURE OF THE IRAQI DINAR

4/11/2024

The Iraqi government spokesman, Bassem Al-Awadi, confirmed today, Thursday (April 11, 2024), that the dollar file and the work of banks will be strongly present during the visit of Prime Minister Muhammad Shiaa Al-Sudani to Washington, suggesting that the dinar’s situation in the future will be better.

Al-Awadi said in an interview with “Baghdad Today” that “after the issue of activating the strategic framework agreement between Washington and Baghdad and the security aspect, the economic file will be present and strongly during the Prime Minister’s visit to the United States,” indicating that “the relationship with the US Treasury and the Federal Bank continues and the dialogues are ongoing.” “It did not stop with them over the past year, as there were several mutual visits, announced or unannounced, to discuss this file.”

Al-Awadi added, “The Sudanese will discuss the issue of banks and the economic and administrative reform of financial institutions and banks, as well as the dollar file,” explaining that “the price of the dollar ranged within the range of 147 thousand dinars for every 100 dollars during the short period at a time when the government took over its duties and the price of the dollar against the dinar was approaching.” From 148 thousand, meaning that the price is lower than before.”

He stressed that “the solution to the dollar crisis does not come with the push of a button. Rather, it requires economic reforms and includes many aspects, including political and economic ones. It needs a period to regulate the banks and reap the fruits of the central bank’s packages and the government’s decisions, which as a whole have begun to bear fruit through a gradual decline in the exchange rate of the dollar against the dinar.” “, stressing that “there are assurances from the economic team supervising the issue, and we expect that the situation of the dinar will be better in the future.” 

 It is hoped that, a few days from now, Prime Minister Muhammad Shiaa Al-Sudani will visit Washington and the White House to meet with US President Joe Biden.

 Last March, the White House announced that on April 15, the White House would receive the Sudanese President, stressing that the leaders would reaffirm their commitment to the Strategic Framework Agreement, and would work to deepen their shared vision for a secure, sovereign, prosperous Iraq fully integrated into the broader region.

He pointed out that President Biden and the Sudanese Prime Minister will consult on a range of issues during the visit, including our shared commitment to the permanent defeat of ISIS and the development of the military mission nearly ten years after the formation of the successful global coalition to defeat ISIS.

He stated that they will also discuss the ongoing Iraqi financial reforms to promote economic development and progress towards Iraq’s energy independence and modernization.   LINK

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Frank26:  "SUDANI TELLS THE WORLD IRAQ IS SECURE & STABLE... FOR THEIR MONETARY REFORM... AND YOUR CONTRACTS ARE ALSO SECURED!!!"...........F26

Al-Sudani to American companies: The current stability in Iraq is encouraging for you to engage in development projects

4/12/2024

 Prime Minister, Muhammad Shiaa Al-Sudani, called on American companies to work inside Iraq.

Al-Sudani said, the current stability in Iraq should encourage American companies to engage in important development projects in the fields of energy, communications, housing, health care, education, transportation, and others.

He added that it is also important that we combat corruption, which is the other side of terrorism, as its impact is no less devastating, and that we work to ensure that the people’s money is directed towards valuable goals, and that it is also imperative that we work to diversify our economy away from dependence on oil, even while we benefit from it. From our position as the second largest oil exporting country in OPEC (in addition to our possession of large reserves of natural gas)

Al-Sudani stated, “Our urgent need for American expertise and technology extends to clean energy and the green economy, as we seek to develop sustainable and renewable sectors,” adding that “the strategic framework agreement established the legal basis for these activities, and that by investing in them, it will enable us to put Iraq in a position that helps it strengthen Its democracy, strengthening the state, and strengthening the rule of law, are the pillars that will allow us to restore Iraq to its historical brilliance.    LINK

Frank26:  "THE MONETARY REFORM STANDS SHOULDER TO SHOULDER WITH THE ECONOMIC REFORM!!!".....F26 

Al-Sudani: We are working to correct the state’s economic paths

4/10/2024   Baghdad

Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Wednesday, that the government is working in all directions and stability has been achieved thanks to the blood of the martyrs, while he indicated that the government is working to correct the state’s economic paths. 

A statement from the Prime Minister’s media office, received by Al-Iqtisad News, stated that “Al-Sudani received ministers, heads of bodies, deputy ministers, and military and security leaders from various formations and categories of our armed forces, as well as heads of federations and unions, and a number of tribal sheikhs and notables from Baghdad Governorate, congratulating them on the occasion of Eid Al-Fitr. ".
He added, "The Sudanese exchanged congratulations with the well-wishers, praying to God to protect Iraq and the Iraqis, and to grant our homeland and our people the blessing of security and stability."

The Prime Minister stressed - according to the statement - that “security and stability require that the state be productive and stable and perform its duties in the correct manner,” noting that “the government is working on these benefits in stages, and at the beginning of its work it focused on services, in order to reassure citizens that they are serious.” The government and its commitment to its programme.

Al-Sudani stressed, "This government is not working in one direction, but rather has a group of files in all directions, including critical issues related to correcting the state's economic paths, as it is working to address them, which will have a major impact on the state in the future."

He pointed to "the government's efforts to arm and modernize the Iraqi army and armed forces and to develop internal security services," stressing that "enhancing reassurance in the work of service institutions and ministries will be matched by reassurance among investors and businessmen inside and outside Iraq."

He concluded by saying: "The security and stability that has been achieved is thanks to the blood of the martyrs and their sacrifices."   LINK

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Frank26:  "IT EXCEEDS BECAUSE OF THE MONETARY REFORM SUCCESS!!!"........F26

Mazhar Saleh: The summer season generates economic activity in personal income that exceeds the state of recession

4/11/2024

The financial and economic advisor to the Prime Minister, Mazhar Muhammad Saleh, explained today, Thursday, that the summer season generates economic activity in personal income that exceeds the state of recession.

Saleh told {Al-Furat News} agency: “I do not think there will be a recession in the markets and the country is heading into the summer, as each season has its conditions and life, economic and social requirements.” 

He explained, "Markets adapt in organizing their offer to meet seasonal changes, especially the needs of the summer season due to the temperature of the weather and the requirements of living."

He added, “Business activity in construction and construction requires the creation of a demand for goods and services that suit the country’s season, which is characterized by high temperatures, taking into account that the summer season is considered one of the best prosperous seasons in providing a local supply of agricultural products, which generates high-employment internal economic activity.

There is an abundance of personal income and an increase in demand or total spending, which encourages economic activity, which goes beyond the state of recession.” 

From.. Raghad Dahham    LINK

Iraqi Dinar Video Update Late Saturday Evening 4-13-24

Iraqi Dinar Video Update Late Saturday Evening 4-13-24

Iraqi Dinar Potential Exchange Rate – 3:10

Iraqi Dinar Revaluation Update – 2:56

Massive News Wells Fargo Exchange Your Dinar – 3:33

Finally IQD & VND Exchange Rate – 3:00

Iraqi Dinar Potential Exchange Rate – 3:10

https://www.youtube.com/watch?v=-8lI6XbHA54

Iraqi Dinar Revaluation Update – 2:56

https://www.youtube.com/watch?v=bAlmKT-nXcQ

Massive News Wells Fargo Exchange Your Dinar – 3:33

https://www.youtube.com/watch?v=ZqfhB8aud3s

Finally IQD & VND Exchange Rate – 3:00

https://www.youtube.com/watch?v=7rqfyrV57ZI