Dinar Recaps 20 5/21/24 Dinar Recaps 20 5/21/24

How Deleting Three Zeros Will Change the Iraqi Dinar: Awake-In-3D

How Deleting Three Zeros Will Change the Iraqi Dinarr

On May 20, 2024 By Awake-In-3D

How Deleting Three Zeros Will Change the Iraqi Dinar On May 20, 2024 By Awake-In-3D The critical differences between currency re-denominations and exchange rate purchasing power explained.

In This Article

Introduction to Currency Re-Denominations

IQD: Practical Examples and Misconceptions

The Impact on Salaries and Real-Life Scenarios

Kuwaiti Dinar: Understanding Currency Exchange Rates and Purchasing Power

Currency re-denominations and exchange rate purchasing power are essential concepts to clearly understand in a global financial system.

They influence how money is valued and used in different economies.

How Deleting Three Zeros Will Change the Iraqi Dinar

On May 20, 2024 By Awake-In-3D

The critical differences between currency re-denominations and exchange rate purchasing power explained.

In This Article

Introduction to Currency Re-Denominations
IQD: Practical Examples and Misconceptions
The Impact on Salaries and Real-Life Scenarios
Kuwaiti Dinar: Understanding Currency Exchange Rates and Purchasing Power

Currency re-denominations and exchange rate purchasing power are essential concepts to clearly understand in a global financial system.

They influence how money is valued and used in different economies.

Introduction to Currency Re-Denominations

Currency re-denomination involves changing the face value of a country’s currency by removing zeros from the notes. They are not rare.

Romania, for instance, re-denominated their currency in 2005 by deleting five zeros. Both the old and new notes remained in circulation together.

Romania deleted five zeros from their currency in 2005

This process does not alter the currency’s actual purchasing power. It is typically undertaken to simplify transactions and accounting.

Practical Examples and Misconceptions

Example: Iraq

Consider Iraq, where a 1,000 IQD note currently buys a single loaf of bread.

If Iraq re-denominates its currency by removing three zeros, the new note would be a 1 IQD note. Despite this change, the new 1 IQD note would still buy the same loaf of bread.

The purchasing power remains unchanged because the value of the currency relative to goods and services stays the same.

Common Misconceptions

Some people believe that removing zeros from a currency increases its purchasing power.

For example, they might think that the new 1 IQD note would buy 1,000 loaves of bread instead of one. This misconception ignores the fundamental principle that re-denomination is merely a cosmetic change.

The actual value of the currency, and what it can buy, does not increase.

The Impact on Salaries and Real-Life Scenarios

To further clarify, let’s consider a salary scenario.

If an individual in Iraq earns 100,000 IQD per month, a re-denomination removing three zeros would change their salary to 100 IQD per month.

The new 100 IQD salary would still have the same purchasing power as the old 100,000 IQD salary, allowing them to buy the same amount of goods and services.

Historical Context: Zimbabwe

Zimbabwe’s experience with re-denomination provides a similar example in reverse.

During periods of hyperinflation, Zimbabwe repeatedly added zeros to its currency, creating notes worth trillions of ZIM.

Zimbabwe 2008 100 Trillion note.

However, these new notes did not buy more than the previous billion ZIM notes, illustrating that re-denominations do not enhance purchasing power.

Understanding Currency Exchange Rates and Purchasing Power in Kuwaiti Dinar (KWD)

Determining a currency’s purchasing power relative to other currencies involves complex calculations, especially with fiat currencies.

For example, Kuwait’s dinar (KWD) has the highest exchange rate against the US dollar. However, this does not mean that the average Kuwaiti has higher international purchasing power than the average American.

Salaries in Kuwait are lower in KWD terms, reflecting the exchange rate’s impact.

Example: Moving from the USA to Kuwait

If someone earning $100,000 per year in the USA moves to Kuwait for work reasons, they cannot expect to earn 100,000 KWD per year.

This would be equivalent to earning $260,000 per year instead of the previous $100,000/year.

It would be great for the person moving to Kuwait, yet it is a completely unrealistic scenario.

Instead, their salary in Kuwait would be adjusted to match the KWD/USD exchange rate, likely around 38,000 KWD per year at current rates.

This ensures that their salary purchasing power remains reasonably consistent across currencies.

The Bottom Line

Currency re-denominations and exchange rates are vital in understanding how money functions globally.

Re-denomination changes the face value of money but not its purchasing power.

Similarly, exchange rates impact how much goods and services can be bought in different currencies.

Join my Telegram Channel to comment and ask questions here: GCR_RealTimeNews

Follow me on Twitter: @Real_AwakeIn3D

DINARRECAPS8 5/21/24 DINARRECAPS8 5/21/24

Iraqi Dinar Video Update Tuesday AM 5-21-24

Iraqi Dinar Latest Update – 3:57

CBI Big Announcement About IQD Exchange Rate – 4:43

Wait is Over Iraqi Dinar RV Confirmed – 5:23

President Donald Trump Big Announced About IQD – 3:32

Iraqi Dinar Video Update Tuesday AM 5-21-24

Iraqi Dinar Latest Update – 3:57

CBI Big Announcement About IQD Exchange Rate – 4:43

Wait is Over Iraqi Dinar RV Confirmed – 5:23

President Donald Trump Big Announced About IQD – 3:32

Iraqi Dinar Latest Update – 3:57

https://www.youtube.com/watch?v=X9FLpx3dvek

CBI Big Announcement About IQD Exchange Rate – 4:43

https://www.youtube.com/watch?v=_oSrFK7tnno

Wait is Over Iraqi Dinar RV Confirmed – 5:23

https://www.youtube.com/watch?v=2HkSmurwl58

President Donald Trump Big Announced About IQD – 3:32

https://www.youtube.com/watch?v=jlQPcAV1Q9M

Dinar Recaps 20 5/21/24 Dinar Recaps 20 5/21/24

“Tidbits From TNT” Tuesday 5-21-2024

TNT:

Tishwash: The House of Representatives receives the budget schedules from the government

Today, Tuesday, the Media Department of the House of Representatives announced that the House had received the budget schedules from the government.

The department said in a statement received by the Iraqi News Agency (INA), “The Secretary-General of the House of Representatives, Safwan Bashir Al-Jarjari, received the budget schedules from the government today.”

She added, "Al-Jarjari referred the agendas to the Presidency of the House of Representatives link

TNT:

Tishwash: The House of Representatives receives the budget schedules from the government

Today, Tuesday, the Media Department of the House of Representatives announced that the House had received the budget schedules from the government.

The department said in a statement received by the Iraqi News Agency (INA), “The Secretary-General of the House of Representatives, Safwan Bashir Al-Jarjari, received the budget schedules from the government today.”

She added, "Al-Jarjari referred the agendas to the Presidency of the House of Representatives link

Tishwash: The budget tables are in a final government audit before being sent to Parliament

An informed source revealed that the financial budget schedules for the year 2024 are subject to a final government audit before being sent to the House of Representatives.

“The budget tables are now in the legal department of the General Secretariat of the Council of Ministers, and it is hoped that their audit will be completed within the secretariat and then sent to the Parliamentary Finance Committee.”

The source stated, “In the coming days, the Finance Committee will review the budget schedules sent by the government and follow up on their disbursement, and will make some amendments to them if necessary to adapt them to the public need.”

The Council of Ministers voted in an extraordinary session last Sunday on the budget schedules and referred them to the House of Representatives.

Prime Minister Muhammad Shiaa Al-Sudani revealed in a press conference after the session the details of the budget tables and the most prominent contents of them. He said:

Table (A) included revenues totaling (144.336) trillion dinars, and Table (B) concerned the total planned expenditures totaling (210.936) trillion dinars.

- The planned budget deficit amounted to (63.599) trillion dinars, and Table (C) is the centrally funded workforce table, amounting to (4,079,906) employees, and governing expenditures amounted to (10.042) trillion dinars.

- The investment budget for 2024 is (54.298) trillion dinars, and may reach 55 trillion dinars.
- Governorate allocations to local government programs with an investment allocation amounted to (10.633) trillion dinars in 2023, and we financed (3.333) trillion, based on fundamental requests from the governorates.

- The remainder of the allocation (7.333 trillion dinars) is in a trust account, at the disposal of the provincial governments.

- Allocating approximately (8) trillion dinars to ongoing projects, including allocations in 2024.
- For the first time in the history of budgets, we have exceeded spending by 50%.

The increase in debt repayment amounted to 3.9 trillion dinars. In 2023, the debt repayment was 12,751, and in 2024, we repaid 16.725 trillion. link

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

Tishwash: Government Spokesman: This year and the coming will witness progress on important projects that affect the lives of citizens

The official spokesman for the Iraqi government, Bassem Al-Awadi, announced today, Monday, that the current and next year will witness the movement of important projects that affect the lives of the citizen.

Al-Awadi said in a televised statement: “The Iraqi government has tended to reduce debts and reduce the deficit in the upcoming budget, indicating that the government has tended to maximize non-oil revenues to more than 18 trillion, adding that the government has tended to grant guarantees and guarantees for vital projects that revive the economy.”

Al-Awadi stressed, “Our institutions are able to compensate the United Nations mission and our cooperation continues with the organizations.” link

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

Tishwash: Iraq is whitewashing its debt book... and fears of financial waste

Iraq closed the file of its debts owed to the International Monetary Fund and accumulated since 2003, with a total amount exceeding 8 billion dollars, through several loans that were aimed at supporting macroeconomic stability and implementing financial reforms.

According to the financial advisor to the Iraqi government, Mazhar Muhammad Salih, after 2003, the International Monetary Fund provided several loans to Iraq that were aimed at supporting economic stability and implementing financial reform processes between the years 2003 and 2021.
Saleh explained, in an interview reported by the Iraqi Media Agency (INA), that Iraq obtained several financing programs from the International Monetary Fund, including emergency loans and relatively long-term financial aid.

Saleh stated that since 2003, the value of loans and financial aid granted by the International Monetary Fund to Iraq amounted to $8 billion, and was repaid in full, with a focus when granting loans on implementing programs linked to supporting macroeconomic stability and implementing the necessary financial reforms. The International Monetary Fund had previously explained that Iraq needs to gradually correct its public financial conditions, to achieve debt stability in the medium term and rebuild financial reserves.

In its statement, the Fund welcomed the strong economic recovery, low inflation in Iraq, and the improvement in local conditions that led to the implementation of the first three-year budget, stressing the necessity of sound economic policies and structural reforms in Iraq to secure public finances and debts, given the regional conflicts that may affect oil prices.

At the end of last year, 2023, the International Monetary Fund stated that Iraq's economy relies heavily on oil revenues, and needs radical structural reforms to diversify sources of income and achieve sustainable growth.

Financial waste

In this context, the financial expert, Rashid Al-Saadi, said that financial waste in Iraqi state institutions exceeds 40 billion dollars annually, and that Iraq is capable of addressing this serious problem by drawing up a sound monetary economic policy and reducing levels of financial waste. Al-Saadi added to Al-Arabi Al-Jadeed that Iraq was one of the founding countries of the International Monetary Fund in 1944, and has a strong position in the international financial system, due to its high confidence that enables it to achieve its economic policies and provides sustainable development opportunities.

He pointed out that the International Monetary Fund's decision not to provide Iraq with development loans comes because of the Fund's policy, which requires granting debts for the purpose of achieving sustainable development projects and not in order to pay salaries and the deficit in the state budget. Al-Saadi stated that the IMF stressed greatly the importance of Iraq’s move to rationalize its cash consumption, work to achieve new resources, and invest its natural and human resources to achieve the optimal financial output away from the financial waste occurring in state institutions.

He stressed that there are more than 100,000 employees who receive salaries without any work or production, in addition to the presence of approximately 150,000 employees who receive more than one salary, in addition to the great waste in the expenses of the government and its higher institutions. He stated that the financial waste in salaries and expenses holds the state budget at more than 40 billion dollars annually, which is a dangerous percentage that leads to significant slackness and a dangerous increase in the volume of expenditures, stressing the importance of reducing surplus expenditures and working to diversify the sources of national income for the Iraqi state.

Loan burden

The economic researcher, Ahmed Sabah, said that Iraq tried to improve its relationship with the International Monetary Fund after 2003 through the Paris Club Agreement and the resulting decisions in order to extinguish the debts incurred by Iraq before its invasion in 2003, which were estimated at around 100 billion dollars, and which passed Several stages ended in 2008.

Sabah added to Al-Arabi Al-Jadeed that Iraq bore the burden of new loans at the beginning of 2014, which witnessed a rise in government expenditures on the battles to regain control of the areas that fell under the control of ISIS, and the financial problems that befell the state and a large deficit in the balance of payments. Which prompted him to request a loan from the International Monetary Fund worth $5.34 billion to meet his financial obligations.

Sabah stressed that Iraq did not sever its relationship with the International Monetary Fund, but rather the economic policy currently followed has caused the Fund to lose its confidence in it, due to the large waste of money in Iraq and the high volume of unjustified spending far from production and the multiplicity of means of national income. He stated that Iraq's economy is unstable and suffers from many fluctuations due to its total dependence on oil revenues, in addition to the state's poor economic management and its weak production performance.

Sabah stated that any decline in global oil prices will cost Iraq a lot, increase the deficit rate and raise the levels of economic risk that will result in Iraq’s bankruptcy and its reaching dangerous stages. He stressed the importance of improving Iraq's financial situation and strengthening its economic relations with international financial organizations and bodies to raise the level of confidence and confront economic crises. link

Mot: . Understanding Women!!! ---

Mot: ... The Moments When Ya Wonder – Hmmmmmmmm

Dinar Recaps 20 5/21/24 Dinar Recaps 20 5/21/24

“Coffee With MarkZ” Tuesday Morning Chat 5-21-2024

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

MarkZ Update- Some highlights by PDK-Not verbatim

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

Member: Good morning everyone! Hope you all have a blessed day!

Member: May 21st 1932, Amelia Earhart Historic Flight

Member: What good news do you have today Mark???

Member: Mark - are we still on track for this month? getting harder and harder to stay positive

MZ: We know that the budget has passed with $162 billion. It was $153 B last year. I am still looking for more pieces of it. There is plenty in the news showing us it is passed….but I have yet to find where they are covering a budget shortfall with a rate I was told to expect something within days of it being passed.

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

MarkZ Update- Some highlights by PDK-Not verbatim

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

Member: Good morning everyone! Hope you all have a blessed day!

Member: May 21st 1932, Amelia Earhart Historic Flight

Member: What good news do you have today Mark???

Member: Mark - are we still on track for this month? getting harder and harder to stay positive

MZ: We know that the budget has passed with $162 billion. It was $153 B last year. I am still looking for more pieces of it. There is plenty in the news showing us it is passed….but I have yet to find where they are covering a budget shortfall with a rate I was told to expect something within days of it being passed.

Member: Its interesting they are saying billions and not trillions for their budget totals. They must have a rate hike? Right?

MZ: You are getting it. We are just trying to piece together “what is that rate?”

MZ: Buckle up guys….it will continue to be a weird week.

MZ: But with the budget passed this means Erbil and oil sales started again in the Kurdish region …..which is big.

Member: And if I remember right – all the oil sales funds go to Iraq now…and not to the Federal Reserve?

MZ: Have a couple of positive comments from 2 contractors in Iraq that believe they will see their rate this week for their projects. .

MZ: Very quiet on the bond and banking side. People are positioned and they have done a tremendous job shutting down leaks. Good for the process but sucks for us.

MZ: “Several States take steps to block a central bank digital currency” This article is from money metals. Which states have already passed clear and solid legislation to block it? Nebraska, Alabama, N. Dakota, Florida and Georgia have passed laws. We are up to about 8 states now to remove the ability to use a CBDC.. The question is can the Federal Government still force it down their throats?

Member: Dear God let more states join that group…..We must not let them win

MZ: This is a war. It’s a battle of resets. I very much believe we will win.

MZ: “ Russia confiscates 800 million from Deutsche Bank, IniCredit and Commerce Bank” I am not surprised. Russian has had billions seized…..This will have many repercussion in the banking world over the next few days.

MZ: Gold price in China is $2,485 and the silver price is $36.26. Silver is close to another limit in Shanghai. These are pressures from competing …..Comex , London and them selling and the difference between real physical metal and paper. And the premium that comes with it. This will force a proper valuation of metals as they do this in Shangai…as they do this in China. People will go to sell their metals there instead of here.

MZ: I believe we are watching things all come together at one time…..imo. .

MZ: Here is an exciting one for most of the world. “Klaus Swab –now 86 will transition to a role as non-executive chairman “ But we are told he has seeding his organization with his evil offspring and should not be many changes with the globalist agenda and to take up the tyrannical new world order torch. Swabs children were appointed to high ranking positions. I am surprised ZeroHedge is till around as they have certainly gone after the globalists. .

Member: What do you think the new rate for Iraq will be?

MZ: I could be wrong but, I think the rate will start about $3.90 or so. But we are totally guessing. .

Member: what do you think the Iranian rial will be worth after the RV?

Member: it used to be estimated to be less than the IQD….but not by much?

JMember: ust got a message from a friend In Florida we went to the bank there and they told him his house had been paid off and he asked about credit cards and they said that’s coming.

MZ: I love to hear that.

Member: I talked to the bank concerning losing house in June, I explained about the currency i have. bank lady said, "interesting, let me speak with my boss, get back to you in a few days." I'm hopeful!

Member: We have another 3 day weekend coming, hopefully our last 3 day weekend. Ready to really get to work and make Earth a better place

Member: hi Mark, your kindness & encouragement helps us thru our rough days. just wanted you to know that.

There is a guest on today from ATB. Listen to the replay for their information and opinions.

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

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

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

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

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

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

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

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

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

Youtube: https://www.youtube.com/watch?v=mm4uNeCWF_U

Dinar Recaps 20 5/21/24 Dinar Recaps 20 5/21/24

Currency Insider Video Updates Late Monday Night 5-20-24

Iraqi Dinar We Are Very Close Last moments – 2:23

Iraqi Dinar So It’s Finally Came Out – 1:41

Currency Insider Video Updates Late Monday Night 5-20-24

Iraqi Dinar We Are Very Close Last moments – 2:23

Iraqi Dinar So It’s Finally Came Out – 1:41

Iraqi Dinar We Are Very Close Last moments – 2:23

https://www.youtube.com/watch?v=eiqMaO4F81w

Iraqi Dinar So It’s Finally Came Out – 1:41

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

Dinar Recaps 20 5/21/24 Dinar Recaps 20 5/21/24

News, Rumors and Opinions Tuesday AM 5-21-2024

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

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 21 May 2024 Compiled Tues. 21 May 2024 12:01 am EST by Judy Byington

Judy Note: The Globalist Cabal was bankrupt and trying to create World War III. They wanted to profit from both sides of another war, plus was setting up The Great Reset of fiat digital currency in order to completely control the World’s financial System and subsequently, the People of the World.

In the meantime the Cabal’s once ally Iran was accepted into BRICS gold/asset-backed currencies, which meant they agreed to 100 years of peace.

You are witnessing a race between two superpowers who are trying to establish themselves as the world’s financial power.

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

RV Excerpts from the Restored Republic via a GCR: Update as of Tues. 21 May 2024

Compiled Tues. 21 May 2024 12:01 am EST by Judy Byington

Judy Note: The Globalist Cabal was bankrupt and trying to create World War III. They wanted to profit from both sides of another war, plus was setting up The Great Reset of fiat digital currency in order to completely control the World’s financial System and subsequently, the People of the World.

In the meantime the Cabal’s once ally Iran was accepted into BRICS gold/asset-backed currencies, which meant they agreed to 100 years of peace.

You are witnessing a race between two superpowers who are trying to establish themselves as the world’s financial power.

Another World War would create a Global Financial Crisis that makes way for implementation of the Cabal’s Great Reset.

The Cabal’s Blackrock former Portfolio Manager Ed Dowd, explained why every last remnant of human freedom depended on widespread rejection of the Great Reset’s CBDC. “It is literally a prison planet. Once the Central Bank digital currency is linked to all your credit cards and bank accounts, then social controls can be implemented. If you’re a dissenter like me, talking about truth, they shut you down.”

Experts warn that US may freeze bank withdrawals as currency fear rises.

Judy Note: Could the Cabal’s US Inc. be involved in the Iranian helicopter crash on Sun. 19 May where the Iranian President and all his high up government officials were killed?

Iran was collaborating with Russia on creating a single BRICS currency – which would nullify the Cabal’s US Inc. planned Great Reset.

The Cabal was broke due to their fiat Federal Reserve US Dollar and they needed a World War to keep themselves financially afloat.

The death of Iranian officials triggered the Iranian Stock Market to crash, which affected a downfall of the Global Financial System.

~~~~~~~~~~~~~~

Global Currency Reset:

Fri. 17 May 2024 MarkZ: “On May 22nd, (This is from the IRS but other government agencies are also doing this) they will be conducting emergency alert tests nationwide to all their employees on text messaging, email and laptop notifications. So they are prepared for May 22nd.

US Treasury Conference Call on Sun. 19 May 2024: “Everything is on schedule and the US is finishing up last minute paperwork. All tests for the RV have gone great. Stay positive. It’s coming.”… Mena, Liberty Lounger Extraordinaire on Telegram Sun. 19 May 2024

Mon. 20 May 2024 Wolverine: “It’s near guys. I’m not going to say time or day, but I know we are going to have a beautiful, beautiful month.”

Mon. 20 May 2024 MarkZ: “Many banking sources are expecting big things this week. Some expect things as early as today. Many bankers are upbeat about today and this upcoming Memorial Day Weekend.

Mon. 20 May 2024 Rubix Q: “I now have a banker and he has verified this is real. They have been trained and it is a WF bank. He also said that they will be playing a huge role in this. Call around ask for a wealth manager. If they are participating they will set you up with a relationship manager. I was also told when asking, we will not be the ones under NDA…He couldn’t say anymore….hint hint.”

“Gold is money. Everything else is credit.” -J.P. Morgan 1912

Read full post here: https://dinarchronicles.com/2024/05/21/restored-republic-via-a-gcr-update-as-of-may-21-2024/

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

Frank26 There's some good articles about the float... that's the number one topic right now...We're looking for those videos I told you about. We're looking for more information to be coming out. This plethora of articles, notice they're all focusing on what? The float. Because that IMO is what's next.

Fnu Lnu [Reference to the need for an NDA] There is nothing for any Dinar holder to disclose. ALL DINAR OWNERS will get the exact same amount for the exchange rate of their Dinar. There will be NO DIFFERENCE in rate between participating banks or whether you go to an off-site exchange location or not. NONE! NADA! There is NO information to protect for the ordinary Dinar owner/investor. People who were invited to participate in the Private Placements were typically those who have over 10,000,000 Dinar and the reason for the NDA is because they will receive a substantially higher rate for their exchange because they are selling to private foreign entities, in a private sale, outside the general public participant who typically owns only one 25,000 Dinar Note.

BRICS End G7 Hegemony: What is Next?

Fastepo: 5-20-2024

Ever wondered why BRICS+ is set to outpace the G7 in economic growth and global influence?

With its rapidly growing economies and a young, dynamic population, BRICS+ is reshaping the global economic landscape.

Discover how this bloc is challenging Western dominance and creating new opportunities for the Global South.

Dive into the video to explore the future of global power dynamics!

https://www.youtube.com/watch?v=2Ly3BrIhTHw

Dinar Recaps 20 5/21/24 Dinar Recaps 20 5/21/24

MilitiaMan: Iraqi Dinar - FACTS - RTGS - EO 13303 - Non-Oil - Revenues - Exchange Rate Recovery - IQD Inevitable

Iraqi Dinar - FACTS - RTGS - EO 13303 - Non-Oil - Revenues - Exchange Rate Recovery - IQD Inevitable

MilitiaMan: 5-20-2024

The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

Iraqi Dinar - FACTS - RTGS - EO 13303 - Non-Oil - Revenues - Exchange Rate Recovery - IQD Inevitable

MilitiaMan: 5-20-2024

The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=TVkfVEztu6I

DINARRECAPS8 5/21/24 DINARRECAPS8 5/21/24

9 Reasons Banking In-Person Is More Financially Savvy Than Banking Online

I’m a Bank Teller: 9 Reasons Banking In-Person Is More Financially Savvy Than Banking Online

Laura Beck Fri, May 17, 2024

Most of us do our banking completely online now. It’s just a fact of the digital age — when you can deposit a check right into your bank’s mobile app, what’s the point of trekking to a branch? However, veteran bank teller Rachael P. says we shouldn’t abandon in-person banking entirely.

“There are still plenty of advantages to physically going into a branch,” Rachael shared. “Sure, digital banking is easy. But something can be lost when you have zero human interaction with your bank.”

While digital banking is booming, she believes making an effort to head into branches periodically can actually pay financial dividends. Here are the nine reasons you should consider in-person banking over banking online, according to a bank teller.

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I’m a Bank Teller: 9 Reasons Banking In-Person Is More Financially Savvy Than Banking Online

Laura Beck Fri, May 17, 2024

Catch Errors and Fraud Faster

“Something just feels more official when you’re looking at physical statements and documents rather than numbers on a screen,” Rachael said. “It makes it easier to identify errors, missing funds or potential fraud right away rather than just scrolling past it.”

Speaking to a real person can facilitate quicker resolution as well.

Tap Into Professional Expertise

“At the end of the day, we’re trained financial professionals who understand banking, regulations and money management inside and out,” she stated. “Sure, that internet chat rep seems friendly. But you’ll get way deeper insights by actually talking to someone face-to-face.”

Negotiate Better Rates and Fees

You’d be surprised what a teller or personal banker can do if you simply ask politely. Whether it’s lowering fees, getting a better interest rate or waiving penalties, simply walking into a branch gives you way more flexibility than online interactions.

Build Relationships and Get Personalized Service

“When you bank in person, we get to know you as a real individual,” Rachael explained. “Not just an account number. That allows us to treat you as a person and provide much more personalized service tailored to your specific needs and situation.”

Ask Questions More Easily

DINARRECAPS8 5/21/24 DINARRECAPS8 5/21/24

Iraqi Dinar Video Update Late Monday Evening 5-20-24

Finally Congrats Iraq Budget Approved – 4:31

Chase Bank JP Morgan Set 4.42$ New Rate – 3:53

Iraqi Dinar International Fixed Rate – 3:26

It's Massive IQD Latest Update – 5:21

Iraqi Dinar Latest Update – 3:57

Iraqi Dinar Video Update Late Monday Evening 5-20-24

Finally Congrats Iraq Budget Approved – 4:31

Chase Bank JP Morgan Set 4.42$ New Rate – 3:53

Iraqi Dinar International Fixed Rate – 3:26

It's Massive IQD Latest Update – 5:21

Iraqi Dinar Latest Update – 3:57

Finally Congrats Iraq Budget Approved – 4:31

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

Chase Bank JP Morgan Set 4.42$ New Rate – 3:53

https://www.youtube.com/watch?v=X54ZIgXiDQc

Iraqi Dinar International Fixed Rate – 3:26

https://www.youtube.com/watch?v=UVva2lX4fZw

It's Massive IQD Latest Update – 5:21

https://www.youtube.com/watch?v=V6rzIEERXhk

Iraqi Dinar Latest Update – 3:57

https://www.youtube.com/watch?v=X9FLpx3dvek

DINARRECAPS8 5/20/24 DINARRECAPS8 5/20/24

Iraq Economic News and Points to Ponder Monday Evening 5-20-24

How Will Raisi's Death Affect Oil Prices?

Economy | 05/20/2024 Mawazine News _ Baghdad Igor Yushkov, an expert at the Financial University and the National Energy Security Fund in Russia, said that the death of the Iranian president may cause some fluctuations in the oil market, with some slight rise in prices.

This came according to Igor Yushkov’s statements to the “Novosti” agency, where he said: “There may be some fluctuations in the oil market, and there may be a slight rise in prices in the first moments, but I think it will return later, and in general we will not witness a rise in general.”

According to him, the possible escalation of the conflict in the Middle East could have a significant impact on prices if it turns out that a “third force” is involved in Raisi’s death. However, Yushkov believes that this option is unlikely, and believes that the matter will be considered an “accident” and is unlikely to have a significant impact on the oil market.

Brent crude prices rose as of 11:47 Moscow time by 0.05%, and futures contracts for July delivery are trading at about $84 per barrel.

Iraq Economic News and Points to Ponder Monday Evening 5-20-24

How Will Raisi's Death Affect Oil Prices?

Brent crude prices rose as of 11:47 Moscow time by 0.05%, and futures contracts for July delivery are trading at about $84 per barrel. https://www.mawazin.net/Details.aspx?jimare=248344

The Central Bank Begins The Second Phase Of Its Banking Reform Strategy

Samir Al-Nusairi Economy News = Baghdad Samir Al-Nusairi The Central Bank announced that it will launch the national lending strategy on 5/25/2024, which is a clear announcement of the beginning of the second phase of its banking reform strategy.

This means that it has completed the first phase of it by achieving tangible and important results in the field of regulating foreign trade financing and regularization of the global financial system through strict adherence to standards.

International compliance, building solid international banking relationships with international banks and correspondent banks, and introducing the local currencies of countries with which there is significant trade exchange into cash dealing in their local currencies, in addition to dealing in the US dollar.

As well as activating and strengthening its procedures for transitioning from a cash economy to a digital economy and cooperating with the government in expanding the use of electronic payment tools and spreading the culture of transition to a cashless society. Certainly, the above tasks occupied a large part of the efforts at the local and international levels.

In the second phase, the focus will be on restructuring banks, especially government banks, and starting to implement new policies to support and develop micro, small, and medium enterprises, initiating the establishment and licensing of the Riyada Bank, and licensing the Green Bank, which will specialize in sustainable financing for renewable energy projects, as well as moving toward licensing digital banks to keep pace with progress in the field of banking products. Modern digital. The electronic platform will also be gradually left this year.

One of the tasks that will begin work is to rehabilitate the banks restricted from dealing in the US dollar to comply with international standards in light of the work of the joint committee between the Central Bank and the US Department of the Treasury, through which the work of these banks in foreign transfer activity for previous years will also be analyzed and audited, with the hope that it will be increased. Restrictions on it.

What we expect from the procedures and policies adopted by the Central Bank in the first phase and what was achieved from them and what will be achieved from the second phase of the banking reform strategy will be reflected in the stability of the exchange rate and the recovery of the Iraqi dinar inevitably. 285 views 05/20/2024 https://economy-news.net/content.php?id=43572

Among Them Is Related To Capital... Economic Questions Haunting The Work Of Digital Banks

Economy News = Baghdad Today, Monday, the economic expert, Mahmoud Dagher, raised several questions about the nature of digital banks in Iraq, while confirming that any bank can adapt its banking system to digital.

Dagher said, in an exclusive interview with Al-Eqtisad News, “The digital bank is ultimately a bank with its banking operations, from cash and in-kind credit to deposits and borrowing, as well as all the activities associated with it, and it is an evolution in the banking system to complete digital operations.”

He added: "As for compliance, combating the financing of terrorism and corruption, and oversight and auditing, they do not differ at all from existing banks. Rather, the responsibilities of the executive management and the Board of Directors continue and are also governed by the laws of the Central Bank, governance, and banks, in addition to the Anti-Money Laundering Law, as well as the instructions of the Central Bank."

The economic expert explained: “Nothing will differ except that operations are conducted through applications, and even these banks have taken steps to establish them, that is, some banks have converted their operations to digital instead of face-to-face,” indicating that “any bank can adapt its banking system to digital in addition to the regular one.”

He pointed out, "Central banks support and encourage this trend, and banks are also seeking to make their digital window wide, especially after the spread of applications and ATMs that withdraw and deposit."

Dagher asked: “Why is the digital bank’s capital less than other banks? And why are there special instructions for the digital bank instead of incentives to support the digital window and voluntary transformation of digital systems as an option for banks?”

Views 173 05/20/2024 https://economy-news.net/content.php?id=43576

By 92%... An Increase In Sales Of Foreign Remittances At The Iraqi Central Auction

Economy | 02:53 - 05/20/2024 Mawazine News _ Baghdad External remittances at the Central Bank of Iraq auction rose by 92% on Monday, at the expense of cash sales, to reach $254 million.

In its auction today, the Central Bank sold 273 million and 572 thousand and 542 dollars, which it covered at a base exchange rate of 1,310 dinars per dollar for documentary credits and international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,305 dinars per dollar in cash.

He added that most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 254 million 462 thousand and 524 dollars, an increase of 92% over cash sales amounting to 19 million 110 thousand dollars.

The number of banks that purchased cash dollars reached 4 banks, while the number of banks that responded to requests to enhance balances abroad reached 15 banks, and the total number of exchange and brokerage companies participating in the auction was 36 companies. https://www.mawazin.net/Details.aspx?jimare=248346

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

Provoking Thoughts and Points to Ponder on Advice :

Never give advice in a crowd. - Arab proverb

Never give advice unless asked. - German proverb

Whatever advice you give, be short. - Horace

Old men are fond of giving good advice, to console themselves for being no longer in a position to give bad examples. - La Rochefoucauld

We give advice, but we do not inspire conduct. - La Rochefoucauld

Good counsel has no price. - Guiseppe Mazzini

Never advise anyone to go to war or to marry. - Spanish proverb

Many receive advice, only the wise profit by it. - Syrus

Admonish your friends privately, but praise them openly. - Syrus

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