“Tidbits From TNT” Wednesday Morning 6-5-2024
TNT:
Tishwash: Angry demonstrators storm an American company in Baghdad
On Tuesday, angry demonstrators stormed the building of an American company in Baghdad. A security source told Mawazine News, "Angry demonstrators stormed the building of the American company Procter & Gamble in the Uwaireej area, south of Baghdad."
He added, "The security services were on alert towards the Uwairaj area in Baghdad." link
TNT:
Tishwash: Angry demonstrators storm an American company in Baghdad
On Tuesday, angry demonstrators stormed the building of an American company in Baghdad.
A security source told Mawazine News, "Angry demonstrators stormed the building of the American company Procter & Gamble in the Uwaireej area, south of Baghdad."
He added, "The security services were on alert towards the Uwairaj area in Baghdad." link
Tishwash: Financial inclusion in Iraq: a success story that defies the odds
In the wake of the American invasion of Iraq in 2003, the financial system collapsed and the phenomenon of hoarding money spread, as a result of the loss of confidence in the banking sector after the closure of most branches of foreign banks operating in Iraq, and the faltering of some local banks.
To address this crisis, the Iraqi Deposit Insurance Company began establishment procedures in 2008 with the aim of protecting depositors’ funds and enhancing their confidence in the banking system, which is vital for achieving sustainable economic development.
The company has achieved remarkable success in its mission, as it has witnessed a significant increase in the number of bank accounts and the size of deposits since its establishment. In 2009, total deposits in Iraqi banks amounted to $8.05 billion, and this number rose to $76.5 billion in 2021. This significant increase is largely due to the company’s efforts to enhance confidence in the banking system and encourage citizens to save.
This significant increase in deposits clearly reflects the effective role played by the company in stimulating the culture of savings and encouraging citizens to deposit their money in banks instead of keeping it at home.
These numbers indicate that the Iraqi Deposit Insurance Company is on the right track towards achieving its strategic goals, which are enhancing financial stability and reducing the phenomenon of hoarding, and thus contributing to advancing economic growth in Iraq. link
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Tishwash: The government's lack of seriousness in removing the Americans leaves Iraq exposed to them
It seems that there is nothing hidden from the Americans inside Iraq, as they know everything and eavesdrop on everything, and all this while the government is silent in the face of the popular will that calls for the removal of the American occupier from the country.
An international coalition led by the United States toppled the former regime in 2003, then Washington declared itself an occupying force in the country.
In 2008, the United States and Iraq concluded the Strategic Framework Agreement, which paved the way for the complete withdrawal of American forces in late 2011 after 8 years of occupation. The agreement regulates relations between the two countries at various political, security, economic, cultural and other levels.
American forces returned to Iraq at the request of Iraqi Prime Minister Haider al-Abadi in 2014, after the terrorist organization ISIS invaded a third of Iraq's area in the north and west.
America came with about 60 countries under the pretext of fighting the terrorist organization, before Iraq regained all of its territory from the organization in 2017 after 3 years of war, with the help of the Popular Mobilization Forces and the rest of the security forces.
Baghdad and Washington agreed to withdraw all combat forces from the international coalition by the end of 2021, but America remains to this day and has committed many crimes against Iraqi civilians, in addition to committing dozens of assassinations that targeted the mujahideen from the national forces and voices.
In the previous parliamentary session, the Iraqi parliament voted to completely withdraw American forces from Iraqi territory, but there was no withdrawal.
During the era of the government of Muhammad Shiaa al-Sudani, pressure increased on this government to expel the American occupier, and the Sudanese actually demanded that the Americans withdraw from Iraq, but it seems that these calls were to calm the angry street and nothing more, despite the talk of the head of the Supreme Committee to End the Mission of the International Coalition, the Chief of Staff of the Army, Lieutenant General Staff Abdul Amir Rashid Yarallah, with the continuation of consultations and the presence of seriousness in removing the occupier.
Political analyst Qasim Balshan questioned the government's statements to remove the American occupier from Iraq, describing them as “media consumption.”
alshan told Al-Ma'louma, “Everything that is said about movements to remove American forces from Iraq is just talk for media consumption.”
He explained, “Removing these forces lies with the Commander-in-Chief of the Armed Forces and not with the House of Representatives, which voted in the previous parliamentary session to remove the American occupier from Iraq.”
He pointed out, "The framework agreement signed during the era of former Prime Minister Nouri al-Maliki stipulated that the withdrawal of forces would be at an official request from the Commander-in-Chief of the Armed Forces," noting that "Sudanese did "Do not submit this request to the American administration."
While the head of the Presence Movement, Muhammad Abu Saida, criticized the continuation of American air sorties in Iraqi airspace and the military presence without any actual movement from the government to end the presence of these forces.
Abu Saida told Al-Maalouma, “Ain al-Assad base contains more than 1,950 American soldiers from the Marine unit and more than 4,500 soldiers inside the American embassy in central Baghdad. These forces remain and there is no movement towards removing them from Iraq.”
He added, "American forces are present in various types of military bases, as everything that is said about their exit from Iraq is just talk."
He stated that "American aircraft continue their sorties in Iraqi airspace, to collect information and visual and audio data through special eavesdropping devices." link
Mot: .. Nutting but ~~~~~
Mot: .. Nooooooo Body Told Me - Way Back then!!!!
Iraq Economic News and Points To Ponder Late Tuesday Evening 6-4-24
Iraq Economic News and Points To Ponder Late Tuesday Evening 6-4-24
Financial Inclusion In Iraq: A Success Story That Defies The Odds
Time: 06/04/2024 18:48:26 Read: 1,105 times {Economic: Al-Furat News} In the wake of the American invasion of Iraq in 2003, the financial system collapsed and the phenomenon of hoarding money pread, as a result of the loss of confidence in the banking sector after the closure of most branches of foreign banks operating in Iraq, and the faltering of some local banks.
To address this crisis, the Iraqi Deposit Insurance Company began establishment procedures in 2008 with the aim of protecting depositors’ funds and enhancing their confidence in the banking system, which is vital for achieving sustainable economic development.
The company has achieved remarkable success in its mission, as it has witnessed a significant increase in the number of bank accounts and the size of deposits since its establishment.
Iraq Economic News and Points To Ponder Late Tuesday Evening 6-4-24
Financial Inclusion In Iraq: A Success Story That Defies The Odds
Time: 06/04/2024 18:48:26 Read: 1,105 times {Economic: Al-Furat News} In the wake of the American invasion of Iraq in 2003, the financial system collapsed and the phenomenon of hoarding money pread, as a result of the loss of confidence in the banking sector after the closure of most branches of foreign banks operating in Iraq, and the faltering of some local banks.
To address this crisis, the Iraqi Deposit Insurance Company began establishment procedures in 2008 with the aim of protecting depositors’ funds and enhancing their confidence in the banking system, which is vital for achieving sustainable economic development.
The company has achieved remarkable success in its mission, as it has witnessed a significant increase in the number of bank accounts and the size of deposits since its establishment.
In 2009, total deposits in Iraqi banks amounted to $8.05 billion, and this number rose to $76.5 billion in 2021.
This significant increase is largely due to the company’s efforts to enhance confidence in the banking system and encourage citizens to save.
This significant increase in deposits clearly reflects the effective role played by the company in stimulating the culture of savings and encouraging citizens to deposit their money in banks instead of keeping it at home.
These numbers indicate that the Iraqi Deposit Insurance Company is on the right track towards achieving its strategic goals, which are enhancing financial stability and reducing the phenomenon of hoarding, and thus contributing to advancing economic growth in Iraq. https://alforatnews.iq/news/الشمول-المالي-في-العراق-قصة-نجاح-تتحدى-الصعاب
What If Other Banks Follow Suit?
Economical 06/05/2024 Hussein Thaghb Economic advancement requires a set of data that will take it to safety and achieve the set goals on time.
The process of economic development requires a series of interconnected episodes that complement each other during known times.
This mechanism cannot be maintained unless there are elements that represent the raw material for new production.
The financial sector here can be described as the cornerstone of the economic development process sought by the country that is described as rich among the countries of the world,
especially since one of the specialized centers placed Iraq first among the rich countries of the world, as it was ranked first by the volume of wealth per square kilometer relative to the number of inhabitants, and Here we can evaluate the country's economic importance.
Today, when we look forward to employing the amount of wealth in a way that creates true sustainable development and preserves the rights of future generations,
it is necessary to create an effective and sound banking system that takes into account the movement of money globally and complies with all legal paths that govern the movement of money within the globe, and this is something we are close to, as she pointed out.
International Reports Indicate That Iraq Is In An Acceptable Situation.
In the country, the matter requires more clarity and rapprochement from the Central Bank of Iraq with the banking system, which has begun to fear the expected sanctions,
especially since there are those who say that there are sanctions that will affect new banks in the coming days, at a time when the Central Bank and the Association of Banks, the sectoral body responsible for private banks, announced that efforts are directed To cancel the sanctions imposed on banks that began a year ago.
In an atmosphere like this, banks continued to work to increase their capital and develop their technological systems in accordance with what is internationally approved to strengthen the financial system in Iraq.
News like this comes circulating here and there.
The relevant official and sectoral authorities must come closer to clarify the facts of the matter and preserve the banks that are actually working to develop their performance.
It aspires to serve the national economy, and has national motives to serve Iraq, not exclusively personal interests.
Iraq is one of the most important labor markets in the world and the focus of attention of major international companies and international economic organizations.
This requires us to reflect an ideal image of the country, starting with the financial sector in particular, which is the reflecting mirror of any economy, and as long as we are on the cusp of a new phase to achieve...
For economic advancement, we must and inevitably have an effective banking system that is far from all forms of disruptions that expose it to unnecessary shocks.
The most important role of the Iraqi Central Bank is to protect the quality of the Iraqi banking system, confront any rumors that confuse performance, reassure its children of the banks that actually serve the national economy, and address banks that do not have development goals that support the development trends in the country. https://alsabaah.iq/97861-.html
More Than 12 Million Bank Accounts To Date
Economical 06/04/2024 Baghdad: Al-Sabah The growth rate of bank accounts has increased over the past years in the country, reaching 12 million bank accounts so far.
According to a statement issued by the Central Bank, “the growth rate of bank accounts increased from 2018 to 2019 by 90%, reaching 12,500 million bank accounts.”
He added, “The growth rate of bank accounts reached its peak in 2020 with a growth rate of 90%, reaching 12 million bank accounts, while for the year 2021 it decreased to the lowest level by 10%, reaching 1,500 million bank accounts.”
The Iraqi Central Bank indicated that the growth rate of bank accounts for the year 2022 increased by 30% to reach 4,500 million bank accounts, and it also increased during the year 2023 by 54% to reach the level of 8 million bank accounts. https://alsabaah.iq/97767-.html
Experts: We Are Getting Close To “Zeroing” Gas Burning
Economical 06/05/2024 Baghdad: Shukran Al-Fatlawi Economic affairs specialists see the necessity of conducting multiple licensing rounds to exploit gas patches in the country in light of Iraq's approach to zeroing out the gas burning process, noting that the last round did not achieve all of its goals.
Baghdad recently witnessed a licensing round for a number of new exploratory patches and sites, some of which were not awarded in the round.
Oil expert Dr. Hamza Al-Jawahiri said in an interview with “Al-Sabah” that the issue of investing in associated gas was long delayed due to many problems, pointing out that the government is serious during the next two years in zeroing the rate of burning of associated gas,
indicating the existence of several projects for treatment, including exploiting gas in The project signed with Total Energies, which processes 600 mqm of gas, as well as the Nahr Omar project, which processes 300 mqmq, and other projects that the government is urging to invest in associated gas.
Al-Jawahiri continued that there is a period of time ranging from 3 to 5 years, in which it is possible to see its final results in investing in associated gas, hoping at the same time that these projects will be implemented, because, unfortunately, they have become like a dream, he said, as the process of burning associated gas and converting it into power generation stations Electrical or petrochemical plants, not yet exploited.
Al-Jawahiri stressed that petrochemical plants are not available in the country, except for one plant, which is not sufficient for its purpose, considering it a major problem that requires urgent solutions, noting that there are very many fields in western Iraq for free gas, which could make us a gas exporting country if invested properly.
He pointed out that the Ministry did not fully achieve its goals during the last licensing round in obtaining investors in the exploratory patch for invasive areas, because it requires more work, study, and seismic geophysical surveys in those areas in order to be presented to international companies, in addition to the necessity of providing security in the region.
For his part, the researcher in economic affairs, consulting engineer Imad Al-Muhammadawi, told Al-Sabah that the year 2030 will be the year of completely eliminating gas burning, according to the Paris Agreement that Iraq signed, which stipulates “finding coordination and reaching solutions and cooperation at all international levels to help in Reducing the percentage of carbon in the atmosphere and its negative effects, and confronting climate change and its significant effects as a result of global warming.”
He added that the country's efforts are currently directed towards stopping associated gas, which will stop in the year 2028 according to government sources, and trying to benefit from it in generating electrical energy, from which the country has been suffering from a crisis for a long time.
He expressed his optimism that the crisis is on its way to being resolved, and the country is currently taking... Correct steps in this direction.
For its part, the Ministry of Oil recently announced access to investment and exploitation of 62% of the gas produced in Iraq, and indicated that the year 2028 will witness the end of Associated gas combustion.
The Undersecretary for Gas Affairs in the Ministry, Izzat Saber, said in a press statement,
“A memorandum of understanding was signed between Siemens, Schlumniger, and the Ministry of Oil for accelerated investment in the associated gas that is being burned,” indicating that
after the memorandum, the stage of commercial, financial, and technical presentation for this company and identifying the fields will come. That burns gas. https://alsabaah.iq/97860-.html
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
Provoking Thoughts and Points To Ponder On Wealth
We can have democracy in this country or we can have great wealth concentrated in the hands of a few, but we can't have both. - Louis D. Brandeis
I am opposed to millionaires, but it would be dangerous to offer me the position. - Mark Twain
Sleep, riches and health to be truly enjoyed must be interrupted. - Jean Paul Richter
The wealth of a nation consists not in its mass of material things, but in its system. The natural resources of South America are not inferior to those of the United States, but the wealth of the two regions is vastly different. The land of India is far richer than that of Japan, but the comparative wealth of the two nations is reversed. - George Brockway
Iraqi Dinar Today Video Update Late Tuesday Evening 6-4-24
Iraqi Dinar Today Video Update Late Tuesday Evening 6-4-24
Chase Bank Great Announcement Iraqi Dinar Holders RV Rate is Back – 3:33
Finally Iraqi dinar Rate 1 To 1USD Exchange Rate – 4:28
Iraqi dinar New Rate $4 And Dong $3 Finally at Screen – 4:28
Finally Surprised RV Has Been Done – 3:02
Budget Approved New Exchange Rate Date & Time Fixed it's Happening – 4:48
Iraqi Dinar Today Video Update Late Tuesday Evening 6-4-24
Chase Bank Great Announcement Iraqi Dinar Holders RV Rate is Back – 3:33
Finally Iraqi dinar Rate 1 To 1USD Exchange Rate – 4:28
Iraqi dinar New Rate $4 And Dong $3 Finally at Screen – 4:28
Finally Surprised RV Has Been Done – 3:02
Budget Approved New Exchange Rate Date & Time Fixed it's Happening – 4:48
Chase Bank Great Announcement Iraqi Dinar Holders RV Rate is Back – 3:33
Finally Iraqi dinar Rate 1 To 1USD Exchange Rate – 4:28
Iraqi dinar New Rate $4 And Dong $3 Finally at Screen – 4:28
Finally Surprised RV Has Been Done – 3:02
Budget Approved New Exchange Rate Date & Time Fixed it's Happening – 4:48
Iraqi Dinar Today Video Update Tuesday Afternoon 6-4-24
Iraqi Dinar Today Video Update Tuesday Afternoon 6-4-24
WOW Going To Be An Iraqi Dinar Millionaire – 2:46
Good Time To Exchange Your Iraqi Dinar And Vietnam Dong – 2:49
RV Update Of IQD By Wolverine – 2:01
CBI sells +$278 million in forex on Tuesday 2:33
Iraqi Dinar Today Video Update Tuesday Afternoon 6-4-24
WOW Going To Be An Iraqi Dinar Millionaire – 2:46
Good Time To Exchange Your Iraqi Dinar And Vietnam Dong – 2:49
RV Update Of IQD By Wolverine – 2:01
CBI sells +$278 million in forex on Tuesday 2:33
WOW Going To Be An Iraqi Dinar Millionaire – 2:46
Good Time To Exchange Your Iraqi Dinar And Vietnam Dong – 2:49
RV Update Of IQD By Wolverine – 2:01
CBI sells +$278 million in forex on Tuesday – 2:33
Evening News with MarkZ, Dr. Jay Caprietta, and Dr. Scott Young. 06/04/2024
Evening News with MarkZ, Dr. Jay Caprietta, and Dr. Scott Young. 06/04/2024
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
Please listen to the replay for all the details and entire stream….
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
Evening News with MarkZ, Dr. Jay Caprietta, and Dr. Scott Young. 06/04/2024
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
Please listen to the replay for all the details and entire stream….
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
Zimbabwe’s New Gold-Backed ZiG Currency: A Record Financial Turnaround
Zimbabwe’s New Gold-Backed ZiG Currency: A Record Financial Turnaround
On June 3, 2024 By Awake-In-3D
Rapid improvement in Zimbabwe’s currency stability thanks to the new gold-backed ZiG currency.
In This Article
The Troubled History of Zimbabwe’s Currency
Introduction of the Gold-Backed ZiG Currency
How the ZiG Currency Stabilized the Economy
Future Prospects for Zimbabwe’s Financial Stability
Zimbabwe’s New Gold-Backed ZiG Currency: A Record Financial Turnaround
On June 3, 2024
By Awake-In-3D
Rapid improvement in Zimbabwe’s currency stability thanks to the new gold-backed ZiG currency.
In This Article
The Troubled History of Zimbabwe’s Currency
Introduction of the Gold-Backed ZiG Currency
How the ZiG Currency Stabilized the Economy
Future Prospects for Zimbabwe’s Financial Stability
Zimbabwe has faced one of the most turbulent currency crises in history.
The introduction of the ZiG currency, backed by gold, has brought a surprising and rapid turnaround, stabilizing the economy and reducing inflation.
The Troubled History of Zimbabwe’s Currency
Zimbabwe’s currency woes began in the early 1980s.
The Zimbabwe dollar replaced the Rhodesian dollar but started losing value significantly in the 1990s. By 2006, hyperinflation forced the government to redenominate the currency at an exchange rate of 1,000 to one.
The situation worsened in 2008 when the currency was redenominated again at 10 billion to one. By 2015, a U.S. dollar equaled 35 quadrillion Zimbabwe dollars.
In 2016, bond notes backed by U.S. dollars were introduced but failed to stabilize the currency due to excessive printing. Inflation soared, and foreign currencies became the main medium for transactions.
Introduction of the Gold-Backed ZiG Currency
In a bold move, Zimbabwe introduced the Zimbabwe Gold (ZiG) currency, converting domestic dollar balances into ZiG balances.
This currency is backed by significant gold reserves, a shift from highly inflated fiat money to a more stable, specie-backed currency. The central bank recalibrated the main interest rate to 20%, down from 130%.
Central Bank Governor John Mushayavanhu highlighted the reserves, including 1.1 tons of gold stored domestically and another 1.5 tons abroad. This reserve-backed approach aimed to restore confidence in the local currency.
How the ZiG Currency Stabilized the Economy
The immediate impact of the ZiG currency was significant. Consumer prices dropped by 2.4% in May, a month after the ZiG was introduced.
This deflation marked a stark contrast to the hyperinflation that had plagued Zimbabwe for years. The ZiG currency appreciated by 1.9% against the U.S. dollar within a month of its launch, reflecting newfound stability.
The ZiG currency was issued in various denominations, ensuring ease of use in daily transactions. By converting old currency to ZiG, the government aimed to curtail inflation and stabilize the economy. The introduction of ZiG coins helped address the shortage of small change in the market.
Future Prospects for Zimbabwe’s Financial Stability
The introduction of the ZiG currency has set Zimbabwe on a path to financial stability.
With inflation rates expected to stabilize between 2% and 5% by year-end, the economic outlook is promising. This turnaround is attributed to the disciplined approach of backing the currency with tangible assets like gold.
Economists emphasize the need for continued discipline and prudent financial management to sustain this positive trend. The gold-backed ZiG currency serves as a foundation for rebuilding trust in Zimbabwe’s monetary system.
The Bottom Line
Zimbabwe’s new gold-backed ZiG currency has brought remarkable improvement to a country long marred by hyperinflation and currency instability.
By anchoring the currency with gold reserves and implementing stringent monetary policies, Zimbabwe has achieved a rare and rapid economic stabilization.
The future looks hopeful as the country embraces this new era of financial stability.
Zimbabwe’s Currency History in a Nutshell
1980: Zimbabwe dollar replaced the Rhodesian dollar at par.
2006: Currency redenominated at 1,000 to one.
2008: Further redenomination at 10 billion to one.
2009: 12 zeroes removed from bank notes; foreign currencies legalized.
2015: $1 USD = 35 quadrillion Zimbabwe dollars.
2016: Introduction of bond notes backed by U.S. dollars.
April 2024: Introduction of ZiG (Zimbabwe Gold) currency.
April 2024: ZiG currency appreciated by 1.9% against the USD within one month.
May 2024: Consumer prices dropped by 2.4%.
Projected 2024: Inflation expected to stabilize between 2% and 5%.
Contributing articles:
https://www.biznews.com/africa/2024/05/30/zimbabwe-deflation-zig-stabilises-economy
https://www.numismaticnews.net/paper-money/zimbabwe-currency-zigs-then-zags
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© GCR Real-Time News
Visit the GCR Real-Time News website and search 100’s of articles here: Ai3D.blog
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A Big Change For The Iraqi Dinar: The Economic Ninja
A Big Change For The Iraqi Dinar
The Economic Ninja: 6-4-2024
Iraq may see a big buyer for the IQD now that China has forged a big deal for Iraqi Natural Gas.
This will bring in buyers for the Iraqi dinar and will strengthen the value of the dinar.
A Big Change For The Iraqi Dinar
The Economic Ninja: 6-4-2024
Iraq may see a big buyer for the IQD now that China has forged a big deal for Iraqi Natural Gas.
This will bring in buyers for the Iraqi dinar and will strengthen the value of the dinar.
More News, Rumors and Opinions Tuesday PM 6-4-2024
KTFA:
The Iraqi government sets days for the Eid al-Adha holiday
6/4/2024
On Tuesday, the Iraqi government set the days for the Eid al-Adha holiday, which will fall on Sunday, June 16.
The Prime Minister’s Media Office said in a statement received by Shafaq News Agency, “Prime Minister Muhammad Shiaa Al-Sudani directed that the Eid Al-Adha holiday be for official departments, starting from Sunday, June 16, until Thursday, June 20, provided that official work resumes on Sunday.” June 23.” LINK
KTFA:
The Iraqi government sets days for the Eid al-Adha holiday
6/4/2024
On Tuesday, the Iraqi government set the days for the Eid al-Adha holiday, which will fall on Sunday, June 16.
The Prime Minister’s Media Office said in a statement received by Shafaq News Agency, “Prime Minister Muhammad Shiaa Al-Sudani directed that the Eid Al-Adha holiday be for official departments, starting from Sunday, June 16, until Thursday, June 20, provided that official work resumes on Sunday.” June 23.” LINK
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DeepWoodz: They’ve changed the rate without budgets before. No reason they can’t do it at will. To start the float.
The key here is the size of the budget and the international standards being applied along with the upgraded banking systems.
They have a plan. Watch em work it. They appear to be pushing hard in the right direction.
Supreme Court Ruling: State sponsored Banks can Disband from The Federal Reserve System and Issue their Own Currency.
Mark Thursday May 30th, 2024 as #EndtheFed day. Doing Simple Math this Sets Fundamental Value of Gold at $25,000 per ounce and Silver $417 per ounce.
The Silver Academy: Jun 01, 2024
States banks can issue their own gold backed currency bypassing the Federal Reserve
Ruling just released Thursday May 30, 2024 (Mark this on your calendar as #EndtheFed day)
State sponsored banks do not have to adhere to the Federal Reserve charter
And states can then acquire gold reserves for their state banks
and disband from the Federal Reserve system.
We have confirmation that the USA effectively has a dual banking system.
Each state in the USA operates its own banking system, parallel to the Federal Reserve. While the Federal Reserve has inflicted severe pain locally and globally, the Supreme Court has upheld the state's right to maintain its own charter, independent of the corporate Fed system.
The Federal Reserve doesn't respect state rights for banks to adhere to their own charter outside the control of Washington, D.C., (but these are the same animals when asked by Ron Paul that don't believe Gold and Silver are money, thus proving they don't want competition - LOL)
But states are taking their power back. (The Silver Academy recognizes Money Metals and Sound Money Defense League for their zealous work in fueling a State to State movement. )
Major kudos to Stefan Gleason and Jp Cortez
This document below (smash the blue button) shows that we never needed the Federal Reserve on a legal basis.
How? Simple.
Banks with federal charters, called national banks, are subject primarily to federal oversight and regulation. Banks with state charters, called state banks, are subject to additional state oversight and regulation. Those two banking systems co-exist and compete.
Now you have it in writing. Officially.
Read Supreme Court Document: https://www.supremecourt.gov/opinions/23pdf/22-529_1b7d.pdf
https://thesilverindustry.substack.com/p/supreme-court-ruling-state-sponsored
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Mnt Goat "The head of the Iraqi Private Banks Association, Wadih Al-Handal, confirmed...the effort to open more prospects for work with correspondent banks, while indicating that the joint committee with the American side regarding the banking sector will begin its work next week." Folks this is all positive news and exactly what we should expect to see at this point in time. Yes, it is now all about the Banking Reforms. This is what is going to get the dinar to officially pass the dollar. We already know the value is greater and so now we just need to go through the motions to get it recognized to its true value.
Militia Man They got it [the budget] done...What does it have to do? It's got to go to the Gazette...whether that's going be on Wednesday which is 24 or 48 hours or is it going to be Saturday or will it go all the way out...15 days. We're going to find out.
Are The Central Banks Moving Back to Gold? Egon Von Greyerz and Lynette Zang Discuss
Lynete Zang: 6-4-2024
Goldilocks' Comments and Global Economic News Tuesday Afternoon 6-4-24
Goldilocks' Comments and Global Economic News Tuesday Afternoon 6-4-24
Good Evening Dinar Recaps,
"The State Bank of Vietnam (SBV) started selling gold directly to four state-owned commercial banks today (June 3), aiming to lower the metal’s domestic price. The institutions will then sell the gold bars to the public."
This new monetary policy shift will continue as Vietnam attempts to narrow the difference between the domestic and global gold bar prices per SBV officials. It is an attempt to revalue gold through resetting its price.
This diversifies their people's portfolio, and it gives the banking system a broader strength to their accounts. In return, it gives the SBV an opportunity expand their net worth and give out loans. Vietnam has been accumulating gold in order to join the BRICS Nations.
One of the requirements is that they do accumulate gold to support their banking system.
Goldilocks' Comments and Global Economic News Tuesday Afternoon 6-4-24
Good Evening Dinar Recaps,
"The State Bank of Vietnam (SBV) started selling gold directly to four state-owned commercial banks today (June 3), aiming to lower the metal’s domestic price. The institutions will then sell the gold bars to the public."
This new monetary policy shift will continue as Vietnam attempts to narrow the difference between the domestic and global gold bar prices per SBV officials. It is an attempt to revalue gold through resetting its price.
This diversifies their people's portfolio, and it gives the banking system a broader strength to their accounts. In return, it gives the SBV an opportunity expand their net worth and give out loans.
Vietnam has been accumulating gold in order to join the BRICS Nations. One of the requirements is that they do accumulate gold to support their banking system.
Can you see where this is going now? Everything across the board from the markets, the banking systems, the shipping ports, and to the people are turning to gold to deflate an inflated economy.
Through Tokenized Assets, our Global Economies will have a real value on every product that can be bought and sold including Forex opportunities.
I look to see these opportunities begin to shift in July for Vietnam as they become a Market Economy. Can it happen before that time? English News Central Banking English News 2 Wikipedia
We are about to find out.
© Goldilocks
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We finally have some prices placed on the US Debt Clock. It has been empty for some time. In fact, many countries in the East have been wondering when those numbers would show up. Well, they are here now.
This doesn't mean that these are prices that are set in stone. It just means they are prices to work from going forward as our world resets the price of gold and reclassifies gold as money. https://www.usdebtclock.org/
Gold will set us free!
© Goldilocks
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It is the revaluation of Gold that will set the tone for the new economy. It will determine, to some degree, the price of all goods and services across all asset classes.
© Goldilocks
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MiCA Regulations Force Binance to Overhaul Stablecoin Services | Finance Magnates
"Starting June 30, 2024, the European Economic Area (EEA) will enforce new regulations under the Markets in Crypto-Assets (MiCA) framework, specifically targeting stablecoins. Binance, one of the world's largest cryptocurrency exchanges, plans to roll out changes to ensure compliance, impacting everything from trading to rewards.
Only regulated companies can issue and offer stablecoins, termed regulated stablecoins. Many existing stablecoins do not meet these criteria and will be designated as unauthorized stablecoins, facing various restrictions on Binance's platform, the cryptocurrency exchange said in a statement on its website."
Remember, stablecoins represent a country's currency. The new regulations will be going into effect on June 30th, 2024.
This will begin to determine new prices in the new digital economy regarding trade relations around the world.
An increase in demand for local currencies around the world that have moved from a dollar regimen to a local currency regiment will begin.
This is when credit valuation adjustments begin. It does not mean new rates will happen overnight. In fact, to determine new price correlations on the market requires algorithmic patterns to set in that become normalized.
Watch the water.
© Goldilocks
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EXCELLENT NEWS Iraq's Leap in Electronic Banking | Youtube
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Next generation correspondent banking | BIS
Existing correspondent banking processes have struggled to adapt to new regulatory and supervisory requirements, posing questions on the future of the correspondent banking model.
The tokenization of correspondent banking, as embodied in Project Agorá (BIS (2024b)), could unlock streamlined pre-screening and atomic settlement, and pave the way for superior customer verification and anti-money laundering (AML) procedures.
Tokenization could substantially reduce duplication and miscoordination, thereby revitalising cross-border payments by fostering a robust network of correspondents and corridors.
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Russia and China 'close' to replacing SWIFT — business regulator. | Azerbaycan24
👆 Goldilocks pointed to this article
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Sexy Bank Deals, Ripple Story, How to Distribute the XRP Escrow, When Smart Contracts on XRP Ledger | Youtube
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Swift Unveils AI Pilots to Combat Cross-Border Payment Fraud - Fintech Singapore
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Event: Hearing Entitled: Next Generation Infrastructure: How Tokenization of Real-World Assets Will Facilitate Efficient Markets | Financial Services.House
When: Wednesday, June 5, 2024 9:00 AM in 2128 Rayburn House Office Building
What: Subcommittee on Digital Assets, Financial Technology and Inclusion
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UAE Central Bank Approves Issuance of Stablecoin Regulation | Cryptopolitan
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BREAKING NEWS
TURKEY SAYS BRICS COULD OFFER A GOOD ALTERNATIVE TO THE EUROPEAN UNION TO BOOST ITS ECONOMIC PROSPECTS
Awkward… Read: Twitter
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If Russia Accepts Gold for Oil, Gold Price Doubles to $3,600, Says Credit Suisse’s Zoltan Pozsar | BMG Group
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Power of copper = Free Healing
⚡️Copper + Gardening - Cultivate Elevate
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Summary / Status Iraqi Dinar ReValue IQD VND Exchange Rates | Youtube
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THE U.S. GOVERNMENT WILL REPLACE SWIFT WITH RIPPLE XRP | Youtube
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BOOOOOOOOOOOOOOOOOOM!!!
Brad Garlinghouse indirectly says that the case will end this summer with the payment of a fine in the millions, not billions.
#XRP would be the first FULLY regulated digital asset in the United States of America! | Twitter
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Iraq Economic News & Points to Ponder Tuesday Afternoon 6-4-24
Iraq Economic News & Points to Ponder Tuesday Afternoon 6-4-24
Currency Auction: Central Bank Sales Exceeded $278 Million Today
Economy | 04/06/2024 Baghdad - Mawazine News Tuesday, the Central Bank of Iraq sold more than 278 million dollars through an auction for selling American currency.
The total internal cash withdrawals amounted to $23,320,000, while the total amounts of transfers abroad, which include remittances and credits, amounted to $255,513,388, while the total sale amounted to $278,833,388.
Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 255 million 513 thousand and 388 dollars, an increase of 91% over cash sales amounting to 23 million and 320 thousand dollars.
Iraq Economic News & Points to Ponder Tuesday Afternoon 6-4-24
Currency Auction: Central Bank Sales Exceeded $278 Million Today
Economy | 04/06/2024 Baghdad - Mawazine News Tuesday, the Central Bank of Iraq sold more than 278 million dollars through an auction for selling American currency.
The total internal cash withdrawals amounted to $23,320,000, while the total amounts of transfers abroad, which include remittances and credits, amounted to $255,513,388, while the total sale amounted to $278,833,388.
Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 255 million 513 thousand and 388 dollars, an increase of 91% over cash sales amounting to 23 million and 320 thousand dollars. https://www.mawazin.net/Details.aspx?jimare=249148
The Dollar Continues To Rise In Local Markets
Economy | 04/06/2024 Baghdad - Mawazine News Tuesday, the exchange rate of the dollar against the dinar recorded a new high for the second day in a row on the main stock exchange in the capital, Baghdad.
The price of the dollar on the Al-Kifah and Al-Harithiya stock exchanges recorded 145,850 thousand dinars for every 100 dollars.
Prices stabilized in banking shops in local markets in Baghdad, with the selling price reaching 146,750 dinars, while the purchasing price reached 144,750 dinars for every 100 dollars.”
https://www.mawazin.net/Details.aspx?jimare=249129
Central Oil: The Prime Minister Stressed The Optimal Investment Of Energy And Fuel In Iraq
Energy Economy News _ Baghdad The Central Oil Company confirmed today, Tuesday, that exploratory blocks need time to study, evaluate, and learn their properties, while pointing to Prime Minister Muhammad Shiaa Al-Sudani’s emphasis on the optimal investment of energy and fuel in Iraq.
The company’s general manager, Muhammad Yassin Hassan, said in an interview with the Iraqi News Agency, followed by Al-Iqtisad News, that “Middle Oil is the largest exploratory and extractive area and area in oil companies, and the distribution was qualitative, as the fields and patches were distributed to all governorates, which contributes to Producing oil or gas in more than one governorate, thus increasing the spread or distribution of employment in Iraq, and reducing unemployment in the governorates.”
Hassan added, "The choices were for the gas to be close to the power stations, to achieve what the Prime Minister stressed about optimal investment of energy and fuel in Iraq."
He pointed out that "most of the patches currently offered are exploratory patches, and therefore require a long time and studying and evaluating the reservoirs to discover the reservoirs and know their properties, whether they are oil or gas."
He explained that "in establishments and fields operating in the natural gradient, there is a decline in production after a period of time following the peak, and therefore the discovery of fields near them is an important event that contributes to the sustainability of production in the governorates, and therefore the ministry must initiate referrals early to sustain production."
He pointed out that "the government's plan on the part of the Ministry of Oil is to deal with the government program accurately and professionally by distributing production and extraction in all governorates in order to distribute social benefits and reduce unemployment." Views 64 06/04/2024 - https://economy-news.net/content.php?id=44010
Iraq Exports More Than 7 Million Barrels Of Crude Oil And Its Derivatives To America In A Month
Energy Economy News _ Baghdad The US Energy Information Administration announced on Tuesday that Iraq exported more than 7 million barrels of crude oil and its derivatives to the United States during the month of March of this year.
An administration table, seen by Al-Iqtisad News, showed that Iraq's exports of oil and its derivatives in the month of March amounted to 7.75 million barrels, an increase of 2.395 million barrels from what they recorded in February, when they reached 4.680 million barrels.
The US Energy Information Administration stated that OPEC's exports of crude oil and its products to America during February amounted to 38 million and 69 thousand barrels, with Saudi Arabia having the highest rate of exports to America, reaching 11 million and 559 thousand barrels during the same time period.
Iraqi oil exports to the United States have increased significantly over recent years, with export numbers in some months reaching record levels, partly due to Iraq's ability to increase its oil production, in addition to rising global demand for oil.
Oil trade relations between Iraq and the United States play an important role in strengthening economic relations between the two countries. They also contribute to enhancing the stability of the global oil market and providing energy to the American and global economies. Views 74 06/04/2024 - https://economy-news.net/content.php?id=44001
Al-Sudani: Ending UNAMI’s Work Does Not Mean Breaking With The United Nations And Specialized International Agencies
Tuesday 04, June 2024 | Political Number of readings: 136 Baghdad / NINA / Prime Minister Muhammad Shiaa Al-Sudani confirmed that the UN Security Council’s decision to set a date for ending the work of the UNAMI mission in Iraq at the end of the year 2025 does not mean a break with the United Nations and specialized international agencies.
The Prime Minister said in his speech during the Council of Ministers session today: “The Security Council’s recent decision to end the work of the UNAMI mission came at the request of the government, and it represents international recognition of the progress made on the Iraqi scene in all fields.”
He added: "International organizations have reached a positive performance assessment of Iraq that supports stability," pointing out that "ending UNAMI's work does not mean a break with the United Nations and specialized international agencies."
The Prime Minister pointed out in his speech: “Iraq is the cornerstone of any stability process in the region.”/End 7 https://ninanews.com/Website/News/Details?Key=1130595
Announcing the establishment of the Iraqi-French Business Council on the sidelines of the Iraqi-French Economic Forum
Tuesday 04, June 2024 | Economical Number of readings: 354 Baghdad / NINA / The Department of Foreign Economic Relations in the Ministry of Commerce announced the establishment of the Iraqi-French Business Council on the sidelines of the Iraqi-French Economic Forum late last May.
A statement by the Ministry’s media office said: “The activities of the forum were organized by the Embassy of the Republic of Iraq in Paris in cooperation and coordination with the Commercial Mission in Paris, the French Ministry of Foreign Affairs, and the French Employers Association MEDEF for the period from the twenty-ninth to the thirty-first of last May.”
The statement continued: “The forum was attended by Governmental bodies and the Iraqi private sector, and on the French side, the Minister Delegate for Foreign Trade, Attraction, Francophonie, and French people abroad, in addition to other official figures, with the participation of Iraqi and French companies from the public and private sectors, and a large number of researchers, interested parties, and media professionals.
The statement indicated: “The launch of the work of this economic forum comes within the efforts of the Iraqi government and the Ministry of Commerce to implement the Iraqi-French strategic agreement signed between the two countries last year in order to develop trade and economic relations between the two friendly countries.
The statement stressed:” The commercial attaché played a pivotal and prominent role. In coordination with French banks, owners of companies, factories, investors, industrialists, and parties influencing French commercial and economic decisions, by bridging viewpoints to open broader commercial cooperation horizons by inviting them to participate in the forum. /End 3
https://ninanews.com/Website/News/Details?key=1130529
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
Provoking Thoughts and Points to Ponder on Wealth
The first wealth is health. - Ralph Waldo Emerson
The smell of profit is clean and sweet, whatever the source. - Juvenal
There are few sorrows, however poignant, in which a good income is of no avail. - Logan Pearsall Smith
The human race has had long experience and a fine tradition in surviving adversity. But we now face a task for which we have little experience, the task of surviving prosperity. - Alan Gregg
Riches enlarge, rather than satisfy appetites.- Thomas Fuller
Australia is so kind that, just tickle her with a hoe, and she laughs with a harvest. - Douglas Jerrold
It is better to live rich than to die rich. - Samuel Johnson
We can have democracy in this country or we can have great wealth concentrated in the hands of a few, but we can't have both. - Louis D. Brandeis
I am opposed to millionaires, but it would be dangerous to offer me the position. - Mark Twain
Sleep, riches and health to be truly enjoyed must be interrupted. - Jean Paul Richter
The wealth of a nation consists not in its mass of material things, but in its system. The natural resources of South America are not inferior to those of the United States, but the wealth of the two regions is vastly different. The land of India is far richer than that of Japan, but the comparative wealth of the two nations is reversed. - George Brockway
Iraqi Dinar Video Update Tuesday Afternoon 6-4-24
Iraqi Dinar Video Update Tuesday Afternoon 6-4-24
Iraqi Dinar Exchange Rate Today 2024 – 3:22
WOW Wells Fargo Confirmed New Rate – 3:53
Al Sudani Huge Statements IQD Revaluation – 3:04
Iraqi Dinar Latest Update Today – 3:02
Iraqi Dinar Latest Update – 5:55
Iraqi Dinar Video Update Tuesday Afternoon 6-4-24
Iraqi Dinar Exchange Rate Today 2024 – 3:22
WOW Wells Fargo Confirmed New Rate – 3:53
Al Sudani Huge Statements IQD Revaluation – 3:04
Iraqi Dinar Latest Update Today – 3:02
Iraqi Dinar Latest Update – 5:55
Iraqi Dinar Exchange Rate Today 2024 – 3:22
WOW Wells Fargo Confirmed New Rate – 3:53
Al Sudani Huge Statements IQD Revaluation – 3:04
Iraqi Dinar Latest Update Today – 3:02
Iraqi Dinar Latest Update – 5:55