Iraq News Highlights and Points To Ponder Sunday AM 6-23-24

Iraq News Highlights and Points To Ponder Sunday AM 6-23-24

After The Decline In Inflation Rates... Economic Calls To Improve Financial Policy Management In Iraq

Money  and business   Economy News – Baghdad  Today, Sunday, financial specialists called for the need to improve financial policy management in Iraq after it witnessed a decline in inflation.

Financial expert Abdullah Al-Bandar said, “The International Monetary Fund was optimistic about Iraq due to recording a clear decline in inflation during the first quarter of this year compared to the last quarter of 2023,” indicating that “economic policies in Iraq are going well and that the government is taking into account Fund directives regarding this.

He added, "The IMF's assistance to Iraq is usually conditional on the extent of Iraq's commitment to its directives and advice. Therefore, the government and relevant parties must move towards improving the management of financial policy in Iraq and making it consistent with monetary policy, since our monetary policy is dependent on oil revenues."

Al-Bandar called for "the need to focus on developing non-oil economic sectors because they are very few compared to oil revenues, such as developing border crossings and developing the customs law, as well as the private sector's contribution to the domestic product, and reconsidering the customs tariff because Iraq is an importing country."

For his part, financial expert Manar Al-Obaidi explained in a post on his Facebook account, “One of the most important economic standards that countries always take into account in determining their data, because of its important role in formulating the country’s economic policy, is the monthly and annual inflation rates, which plays a role.”

It is important in the overall daily life of the citizen and in the various economic sectors,” noting that “according to data from the Central Bureau of Statistics, the annual inflation rates in Iraq decreased from 4.5% at the end of 2023 to reach 1.6% in March 2024.”

Al-Obaidi added, “Countries seek to reduce inflation rates according to their economic policies, as some countries try to target fixed inflation rates that do not increase or decrease, while others are looking for high inflation rates, especially producing countries, and they differ according to the economic policy of each country,”

pointing out that In Iraq, “there is no clear target for inflation rates except for one phrase mentioned in the strategic development plan that talked about keeping the inflation level below the 10% level.”

Al-Obaidi explained that "the decline was not the result of a significant increase in prices, but rather is due to three basic factors that contributed to the inflation rates reaching these rates, which are considered among the lowest levels of inflation in the world and the Middle East."

He stated that "the first level is a change in the weights of goods, as the process of determining inflation depends on determining a weight that represents the relative importance of each commodity, meaning that the importance of bread to the citizen is not the same as the importance of clothing, for example. Therefore, the weights vary according to the importance of the commodity.

At the beginning of 2024, the Central Bureau of Statistics changed the weights." For each commodity, the relative weight of some commodities was increased, such as food, beverages, tobacco, education, and health, in exchange for reducing some of the relative weights of other goods and services, such as housing and transportation, which includes fuel, for which the price of improved fuel was raised in 2024, in addition to household equipment.

This change played an important role in Reducing the inflation rate because some of the goods whose weights were increased did not increase much compared to those whose weights were reduced.

He continued, "With regard to the second level, it is changing the year of measurement, as the year of measurement in which a standard price was set for each commodity or product was the year 2012. The year of measurement was changed to the year 2022, and the increase or decrease in the prices of goods and services became dependent on the standard prices in 2022, not 2012, and this is The change greatly affects inflation rates in a way that reduces inflation rates,”

 pointing out that “the third level is represented by the decline in the prices of some foodstuffs, such as bread, dairy, fruits, and drinks, which now represent approximately 31% of the total inflation account, and thus their decline or rise plays a fundamental role in Determining inflation levels. Therefore, general inflation decreased to 1.6%, while core inflation reached 2.7%.

 Al-Obaidi wondered, “Why specifically were major changes made, whether at the level of weights or at the level of the base year, in 2024, during a critical period when there are radical changes in monetary policy and financial policy?” And why was the year 2022 adopted as a measurement year?

 Is it really suitable to be a measurement year, especially since it is A year that comes after the Corona crisis, in which the world witnessed global inflation of various commodities, and it was not a year of global stability?

He concluded his speech by saying, “What we aspire to is for the data issued by various official bodies to be highly reliable and in line with the reality of the situation in order to formulate economic policies based on analyzing the gap between what is currently on the ground and the target value. No one can imagine.” The reaction of any citizen when you inform him that prices rose only 1% compared to the previous year.”    Views 68   Added 06/23/2024 - https://economy-news.net/content.php?id=44523

The World Bank expects economic growth in Iraq to reach more than 5% in 2026

Money  and business   Economy News _ Baghdad  The World Bank expects that Iraq will achieve economic growth of more than 5% in the year 2026, indicating that the recovery in the oil sector in 2025 will work to enhance growth in Iraq.

The bank said in a report seen by Al-Iqtisad News, “Iraq’s economic growth for the year 2022 reached 7.6%, and in 2023 it decreased to - 2.9%.”

He expected Iraq's economic growth to decline in 2024 to reach 0.3%, to achieve growth in 2025 of up to 3.8%, and to achieve growth in 2026 of up to 5.3%.

The bank's report indicated that oil-exporting countries outside the Gulf Cooperation Council will help the expected recovery in the oil sector in 2025 boost growth in Iraq and Algeria.Views 62 06/23/2024 - https://economy-news.net/content.php?id=44528

Government Advisor: The Budget Imposed Discipline In Expenditures And Diversification Of Revenues

Economical  06/23/2024   The financial advisor to the Prime Minister, Dr. Mazhar Muhammad Saleh, said that the budget for the current year 2024 has a number of advantages that will increase rates of sustainable development, raise the pace of projects, and diversify sources of funding, indicating that oil price estimates in the budget are still higher than the specified price of $70 per barrel, by A change of more than 16 percent, while he indicated that the budget has high discipline in maximizing non-oil revenues, especially tax and customs revenues, specifically after adopting automation, modern methods, and information technology in estimation, estimation, and collection.

Earlier, Chancellor Saleh played down the risks of an increase in the budget deficit, stressing that the increase in oil prices above the number specified in the “tripartite” budget means that “automatic financing of the deficit has become a reality.” Last month, the Ministry of Oil announced that the Basra Gas Company had exported its first A shipment of “semi-refrigerated” propane gas, amounting to more than 10,700 tons, indicating that it is “one of the large shipments that are marketed and loaded on the back of specialized tankers.”

While specialists believe that this step is very important and would maximize the country’s financial revenues, in addition to its necessity in meeting internal needs. Saleh confirmed during his speech to “Al-Sabah” that the budget enjoys high discipline in maximizing non-oil revenues, especially tax and customs revenues, specifically after adopting automation, modern methods and information technology in estimation, estimation and collection, in addition to its orientation towards imposing discipline on operational expenditures and keeping spending on them at minimum levels. Accepted.

Saleh also explained that “the tripartite budget was truly keen to raise the efficiency of investment spending and the operation of all approved projects, in order to ensure a high growth rate in the domestic product at a rate exceeding twice the population growth rate through the movement of new projects without delay or stop,” noting that “according to Given these data, we notice that the pattern of public spending, according to the schedules announced, is characterized by accuracy, objectivity, and self-savings, which contributes to reducing the resort to financing the actual deficit, even when there is a need for internal borrowing, and within limits that ultimately do not exceed the accepted international standard percentage for financing the deficit, which amounts to 3 percent of the total. The country's gross domestic product or slightly exceed it.

The financial advisor also explained that “the efficiency of annual spending in the operational and investment aspects is an important issue in determining the total annual public spending according to what is planned,” pointing out that the operating budget constitutes the greatest challenge in the financial policy lifestyle because it constitutes more than 70 percent of the total spending and is spent 75 percent of it is for salaries, wages, pensions, and social care.

Therefore, the transfer space in it is very limited, in our belief, or remains in a very narrow range. Developments in this aspect require that they be matched by high growth in non-oil revenues to confront the constraint on operating spending, and this is what it seeks.

The federal general budget is one of the measures to introduce digital technology and electronic collection within the governance principles stated in the government program, explaining at the same time that the distribution of investment allocations in the tripartite general budget is undoubtedly subject to the standards and indicators of national economic development plans and in accordance with a harmonious vision of investment spending priorities in the country.

Determining governorate projects, which are precise allocations that have the approval of both the Council of Ministers and the legislative authority, as the financial schedules for the year 2024 were recently approved, especially on the side of public expenditures and their operational and investment parts, whose development impacts have expanded in a homogeneous manner throughout the political geography of Iraq.

Saleh believes that if the annual investment allocations for the year 2024 are proportional to the extent of the ability to implement, in light of the indicator of the disruption of the percentage of financial resources previously allocated to projects that were not implemented according to the time course specified for them, then financing governorate projects has become a matter that is consistent with the ability to implement, which is represented in... Time itself is an indicator of investment in the time dimension, which means that financing development projects must, in all circumstances, be proportional to the ability to implement on the ground and in practice.

Here lies the spirit of competition in the priority of one governorate in optimal investment and on time without delay, that is, proceeding with the completed work in an optimal manner. It is necessary to complete the allocations and provide them according to the real investment rule within the specified time.    https://alsabaah.iq/98384-.html

Provoking Thoughts and Points To Ponder On Adversity:

 [A difficult childhood gave me] a kind of cocky confidence. ... I could never have so little that I hadn't had less. It took away my fear.  - Jacqueline Cochran

If you have been sunned through and through like an apricot on a wall from your earliest days, you are oversensitive to any withdrawal of heat.  - Margot Asquith

I was lucky I wasn't a better boxer, or that's what I'd be now - a punchy ex-pug.  - Bob Hope

At every step the child should be allowed to meet the real experience of life; the thorns should never be plucked from his roses.  - Ellen Key

Hot water is my native element. I was in it as a baby, and I have never seemed to get out of it ever since. - Edith Sitwell

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

http://famousquotesandauthors.com/quotes_by_topic.html

MilitiaMan: Iraq Dinar- IQD Update -Iraq Reap Beneifits Artificial Inteligence-Global Economy- Renaissance

Iraq Dinar- IQD Update -Iraq Reap Beneifits Artificial Inteligence-Global Economy- Renaissance

MilitiaMan and Crew:  6-22-2024

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=B9b1P-gbWig

KTFA Sat. Night CC: “FRANK26….6-22-25…TOMORROW IS THE 23rd”

KTFA

Saturday Night Conference Call

FRANK26….6-22-25…TOMORROW IS THE 23rd

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163   PIN: 156996#

https://www.youtube.com/watch?v=3ldo0JqbHq0

$15M Jackpot But Will Take Home Just $4.5M After Taxes

Ohio Woman Wins $15M Jackpot But Will Take Home Just $4.5M After Taxes — Did She Throw Money Down The Drain?

Bethan Moorcraft   Sat, June 22, 2024

Lady Luck was present and accounted for when a woman from Sandusky, Ohio, won big in the state’s 50th Anniversary scratch-off game in June.

The winner, identified only as Jeanne, dropped to the floor when she realized she’d won a $15 million jackpot from a $50 scratch-off card, according to the Ohio Lottery Commission.

When she took the winning card to the clerk at Friendship #83 in Sandusky, they “both just cried,” Jeanne said in a press release. “There were people in line looking at me like I lost my mind.”

Jeanne had two options for how to claim her enormous prize: she could take an annuity of $600,000 for 25 years (which would total $15 million), or she could take a lump sum of about $7.5 million.

She opted for the $7.5 million cash option, a sum that will actually shrink to around $4.5 million, Moneywise estimates, once she’s paid her federal and state taxes.

That $10.5 million difference between the advertised $15 million prize and her eventual winnings begs the question, did she throw money down the drain by picking the lump sum?

Taxing Mega Lottery Wins

The IRS requires all lottery agencies to withhold 24% of lottery winnings over $5,000 for federal taxes. On Jeanne’s $7.5 million purse, this amounts to tax of $1.8 million.

But as lottery winnings are taxed as ordinary income, a windfall of this size would land Jeanne in the highest federal income tax bracket of 37%, meaning she must progressively pay additional tax until she meets the bracket’s threshold. In the end, her total federal tax bill will land at around $2.73 million.

The Buckeye State also taxes lottery winnings like normal income. Jeanne’s $7.5 million lump sum win would place her firmly in the top state income tax bracket of 3.5% for 2024, which would eat approximately $262,000 from her total.

After all that, Jeanne’s total tax liability related to her win alone comes to about $3 million — meaning she’ll only get to enjoy around $4.5 million from her $50 scratch-off win (which is still a stunning return-on-investment).

She has big plans for her winnings. Jeanne says she wants to pay off her best friend’s mortgage, whom she’s stayed with for the past two years, and she’d love to buy a house in Florida.

But could she have achieved those goals and collected more money in the long-run by taking the annuity prize option?

Read more: Car insurance rates have spiked in the US to a stunning $2,150/year — but you can be smarter than that. Here's how you can save yourself as much as $820 annually in minutes (it's 100% free)

What If She Took The Annuity?

To Read More:

https://www.yahoo.com/finance/news/ohio-woman-wins-15m-jackpot-100300295.html

BRICS: Feds Acknowledge Sanctions Led To De-Dollarization

BRICS: Feds Acknowledge Sanctions Led To De-Dollarization

Geopolitical Analyst:  6-21-2024

BRICS kick-started the global de-dollarization program after the U.S. pressed sanctions on Russia in February 2022 for invading Ukraine.

 The alliance members Russia and China went on a world tour convincing developing countries to ditch the US dollar for trade. They have been successful in their quest as a handful of trade deals were settled in local currencies and not the US dollar.

In the latest update, the US Feds acknowledged that pressing sanctions against Russia in 2022 has led to de-dollarization intensifying.

US Fed Governor Christopher Waller acknowledged that the White House placing sanctions on developing countries led BRICS to kick-start the de-dollarization agenda. “If these sanctions and policies are long-lasting, the shifting cross-border payments landscape, including the rapid growth of digital currencies, could also pose challenges to the dominant role of the US dollar,” said US Fed Governor Christopher Waller.

Waller explained that China and Russia are capitalizing on the geopolitical situation and pushing the BRICS’ de-dollarization initiative ahead.

Not just Russia and China, but even BRICS members India and the newly joined country UAE are aiding the de-dollarization agenda by settling trade in local currencies and not the US dollar.

https://www.youtube.com/watch?v=Bg2QPMXkjOo

More News,, Rumors and Opinions Saturday PM 6-22-2024

TNT:

Tishwash:  An economist talks about the mechanism for overcoming the budget deficit

 Economist Osama Al-Tamimi described: “Today, the budget deficit is planning, not executive, but he stressed that the deficit is real when the government is able to implement all its programs and spend the budget completely.”

Al-Tamimi told the Iraq Observer Agency: “This has not been achieved in any year, and here the percentage of completion from the real budget remains the ruling in determining the deficit, and the lower the percentage of implementation, the lower the arithmetic percentage of the deficit.”

The economic expert explained: “Noting that the budget numbers on the analysis side are hypothetical, the deficit can also be avoided by making transfers in some sections and putting pressure on the operating budget as well as internal borrowing.”   link

Tishwash:  Changes in the digital economy and their impact in Iraq

Researcher in finance and development affairs and academic Aqeel Jabr Ali Al-Muhammadawi 

The beginning of the twenty-first century can be marked by the development of advanced digital technologies, a revolution in the information field, and the acceleration of the processes of economic globalization. Currently, the development of information technology plays an important role in society and the economy. 

Individuals and society always seek to meet growing needs in a certain field of activity, while information technology expands the capabilities of all people, organizations and countries.

Information technology has not only changed the patterns of business and consumer behavior in the modern economy, but also laid the foundation for various processes: high-tech production and economic activity, development of financial services, changes in educational concepts and standards, digital transformation.

This infrastructure, formed on the basis of electronic interoperability, has become a new direction of global technology development in which economic activity depends on digital technologies.

The digital economy enhances competition and competitiveness not only within the country, but also at the global level. Therefore, any country, including Iraq, that seeks to compete and build competitive performance standards in the global market must properly exploit the potential of the digital economy and promote digital progress. 

Iraq must catch up, accelerate the adoption of digital technologies, and ensure that everyone can access these technical benefits and modern information technology.

At the same time, fulfilling the promise of digital mainstreaming requires balancing risks and opportunities. As the world transitions to digital technology, preventive measures are critical to enhancing trust. Laws must be put in place to protect data, achieve cybersecurity, and create strong institutions to develop and enable robust, interconnected digital systems that can verify identity, transfer payments quickly and securely, and exchange data responsibly.

For Iraq to reap the benefits of technological and technical progress in digitization and artificial intelligence, and participate fully in the global digital economy?

In order to accelerate the pace of engagement in the digital economy community with deliberate and reliable steps, Iraq should adopt the methodology of the digital economy and modern financial digitization. My agencies: 

1- Bridging the global digital divide: Despite the rapid spread of new technologies in various parts of the world, 37% of the population, each person, is still deprived of Internet services. In addition, a large percentage of Iraqis are not involved in advanced information technology applications. 

2- Preparing for the jobs of the future: Innovation radically changes the nature of work: new jobs are emerging, and other jobs are developing. In order to compete and contribute to raising the level of competitive performance standards of the digital economy, Iraq will have to prioritize education, vocational education and training, and build the digital, technical and technological skills of its workforce.

3- The importance of developing safe and reliable digital systems: With the world’s shift to modern digital technology and technologies, strengthening capabilities in areas such as cybersecurity, data protection, and maintaining the modern digital financial and economic system has become more important than ever before.

4- More funding to provide Internet services and IT applications for all: Providing broadband services for all will require more than $100 billion by 2030, and the public and private sectors cannot do this alone. Governments must undertake bold reforms, and the private sector can reduce costs and risks and increase efficiency, innovation and leadership.   link

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

Mnt Goat   Just look at all the progress made just since December 2022 when Iraq announced they were finally entirely out of Chapter VII.  And now the spigot is wide open... the final issues preventing the reinstatement are being dealt with one by one...It is June already and this month is proving to be a very significant month again...my contact in the CBI told me there is a very high probability that we would see the currency swap out in this month of June and so we watch and wait. 

Militia Man  Iraq says they're opening a copper recycling plant.  We talked about phosphates...sulfur...liquid natural gas and now we're talking about they're opening a recycling plant to do what?  To help their infrastructure.  Infrastructure is what's driving the...Development Road Project.  They're going to need thousands of tons of copper rods annually.  They're going to be able to produce that...They have so many raw materials... It's nothing but bullish for this country.

Trifecta of Bubbles, All At Record Levels | Michael Pento

Liberty and Finance:  6-21-2024

There is a bubble trifecta: real estate, bonds, and stocks. And every one of these markets is at record levels by any measure. If these bubbles pop, this could be a “wipeout” for the markets, says portfolio manager Michael Pento    

While the government has been able to prop up the economy when individual bubbles have popped in the past, “there’s not an easy out this time,” he says.

He discusses lies and distortions from the government and how to protect against financial crisis.

INTERVIEW TIMELINE:

 0:00 Intro

1:20 Economy’s direction

4:50 Banking system

13:34 Debt levels

15:24 Government lies

19:40 AI & job destruction

22:30 Inflation

https://www.youtube.com/watch?v=iUODaFUf9zc

Goldilocks' Comments and Global Economic News Saturday Afternoon 6-22-24

Goldilocks' Comments and Global Economic News Saturday Afternoon 6-22-24

Good evening Dinar Recaps,

"Regulation S-P: Privacy of Consumer Financial Information and Safeguarding Customer Information"

The SEC has moved the customer information protection amendments to the Federal Registry. These guidelines were last updated in the year 2000.

These amendments have been updated to coincide with the new digital asset-based trading system, and they will go into effect August the 2nd, 2024.

Any customer working with a broker-dealer relationship in financial assets ranging from foreign currency to local economic assets will now be covered under these new amendments.   Federal Register  Finra

© Goldilocks 
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Amendments to S-P Regulation | Youtube

Coin Week

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TEHRAN, Jun. 21 (MNA) – Venezuela is at the doorstep of joining the BRICS group of nations and ready to offer its fuel and mineral resources to future partners, the country's Executive Vice President Delcy Rodriguez said. | MNHR News

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Digital technology is undoubtedly the spear tip of innovation driving financial services forward.

And that spear tip is coming to include blockchain, or distributed ledger, technology. That’s because proponents of blockchain and on-chain solutions believe the tokenization of financial assets could one day reshape the operating models and transform the business functions around areas like wealth management. | Pymnts

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Bloomberg reported today that Standard Chartered Plc is launching a spot crypto trading desk for Bitcoin and Ether in London, citing sources. The unit will be part of the FX trading desk.

An emailed statement from the bank said it had been working with regulators to support institutional demand to trade Bitcoin and Ethereum.

Banks such as Goldman Sachs run derivatives trading desks, but spot desks are relatively rare in banks.
Ledger Insights    Bloomberg  

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During today’s Citi Digital Money Symposium, the bank unveiled its new Citi Integrated Digital Assets Platform (CIDAP) to serve the entire group. Citi (https://www.citigroup.com/) is involved in various digital money and tokenization projects.

Altin Hoxha, the lead for the platform, said it aims to “enable fast adoption of innovation and innovation which is in compliance with all these regulatory regimes around the world.”

Last year Citi launched its tokenized deposit solution, Citi Token Services (https://www.ledgerinsights.com/citi-tokenized-deposits-institutional-digital-assets/), with a cash solution for corporate treasury management and a trade solution. The cash side is live in the US and Singapore, enabling corporates to move money 24/7.   Ledger Insights 

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Banks are in the process of interfacing cryptocurrency platforms as portfolio options going forward.

© Goldilocks
10 Best Crypto Friendly Banks in 2024 | Koinly

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Digital Future Launches to Advance the Digital Economy | PR Newswire

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Digital asset platforms have become much more efficient, Goldman Sachs CIO says | Youtube

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Do you see how Leveling the Playing Field works?   👇

China sanctions Lockheed Martin over Taiwan arms sales | TBS News

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Tweaks to the Old Traditional trading platforms are currently being installed to accommodate the new digital asset-based trading system. More on this tomorrow.

© Goldilocks

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Vietnam PM to attend WEF meeting.

"Chinh will attend the meeting in Dalian city, Liaoning province of China, and have working sessions from June 24-27.

The trip will be made at the invitation of Chinese Premier Li Qiang and WEF Founder and Executive Chairman Klaus Schwab."

The World Economic Forum normally meets in January at Davos, Switzerland. Invitation only meetings are called on for special purposes with recognized countries able to influence the Global Economy are invited.

The economy of Vietnam is showing a reclassification of their Global Economy, and now, have the ability to participate in the new Global shifts coming our way.

Interestingly, Vietnam has been invited to the table as they approach their new identity as a Market Economy.    VN Express   WEF

© Goldilocks

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Iraq Economic News and Points To Ponder Saturday Afternoon 6-22-24

Iraq Economic News and Points To Ponder Saturday Afternoon 6-22-24

Parliamentary Economy Explains...Does The Fluctuation Of Oil Prices Affect The Economy Of Iraq?

Money  and business  Economy News – Baghdad  The Parliamentary Oil and Gas Committee confirmed today, Saturday, that the fluctuation in oil prices does not affect the Iraqi economy.

Committee member Ali Saadoun Al-Lami said, “The 2023 budget tables came to the House of Representatives when a barrel of oil was calculated at 74 dollars.”

Al-Lami added, “There are 10 moving dollars on the price of a barrel, so the rise or fall of oil prices does not affect the economy.”     06/22/2024 - https://economy-news.net/content.php?id=44491

Adviser To The Prime Minister To Nina: The Government Is Seeking New, More Effective Mechanisms To Reduce Corruption

Saturday 22, June 2024 17:12 | Political Number of readings: 120

Baghdad / NINA / An advisor to the Prime Minister confirmed that the government is seeking to find new oversight mechanisms to reduce and prevent corruption.

Muayyad Al-Saadi, Advisor to the Prime Minister for Oversight and Integrity Affairs, stated in a statement to the National Iraqi News Agency ( NINA ), that “

the directives of Prime Minister Muhammad Shia Al-Sudani to the regulatory bodies, led by the Federal Integrity Commission, crystallized into preparing a national strategy in consultation with the Federal Financial Supervision Office, where There is a process of organizing and evaluating quarterly and annually for the purpose of avoiding and addressing negatives.”

He added, "The Integrity Commission is now embarking on preparing the national strategy in a systematic, practical and objective manner to prevent and reduce corruption practices, after it has made important strides with the national anti-corruption strategy for the years 2021-2024, which has resulted in reducing the practices and phenomena of corruption in government institutions." .

The Prime Minister’s advisor stressed, “The Integrity Commission, with the participation of the supervisory bodies and the Federal Financial Supervision Bureau, seeks to find new and effective mechanisms that will reduce and prevent corruption, as well as reduce the phenomena and practices of corruption in all government joints and institutions.”/End 5

https://ninanews.com/Website/News/Details?key=1133548

Communications: Iraq Succeeds In Regaining Its Membership In The Universal Postal Union

Posted On06-22-2024 By Sotaliraq   Minister of Communications Hiyam Al-Yasiri announced Iraq's success in regaining its membership in the Universal Postal Union.

A statement from the ministry said, “Minister of Communications, Hiyam Al-Yasiri, announced Iraq’s success in restoring its membership in the Universal Postal Union, after it had been canceled as a result of previous administrations’ failure to pay Iraq’s financial contributions to the union, which resulted in a huge debt that led to the cancellation of Iraq’s membership in the union.” In addition to the accumulation of financial interest as a result of late payment of these debts.”

He added, “The Minister’s continuous follow-up, guidance, and direct supervision resulted in the achievement of this material and moral achievement for Iraq, thanks to the support of Prime Minister Muhammad Shiaa Al-Sudani, and the tireless and persevering efforts made by the Director General of the Postal and Savings Company and the company’s staff,”

stressing that “dedicated communication was made with most of The administrations of countries around the world to convince them to vote in favor of returning membership to Iraq, and to drop the delay benefits resulting from its debts.”

Al-Yasiri stressed, according to the statement, “that she will continue implementing the strategy she adopted to restore the effectiveness of the Iraqi post, restore citizen confidence in government mail again, and bring it into every Iraqi home.”   LINK

Basra Crude Recorded New Gains Over The Past Week

Economy | 09:32 - 06/22/2024   Follow / Mawazine News.. Basra crude recorded gains last week of more than 3%, with global oil recording strong weekly gains for Brent and West Texas Intermediate crude.

Basra Heavy crude closed in its last session yesterday, Friday, at an increase of 49 cents, reaching $82.71, and recorded weekly gains of $3.27, equivalent to 3.23%.

While Basra Average crude closed in its last session at an increase of 49 cents, reaching $85.56, and also recorded weekly gains amounting to $3.27, or the equivalent of 3.30%.

Global oil prices fell by 1% at the end of trading yesterday, Friday, but recorded strong weekly gains for Brent and West Texas Intermediate crude oil.

Brent crude recorded weekly gains of 3.1%, while West Texas Intermediate crude recorded weekly gains of 3.4%.   https://www.mawazin.net/Details.aspx?jimare=250029

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

Provoking Thoughts and Points To Ponder On Adversity:

 If you have to be careful because of oppression and censorship, this pressure produces diamonds. - Tatyana Tolstaya

Adversity is another way to measure the greatness of individuals. I never had a crisis that didn't make me stronger.  - Lou Holtz

It is not in the still calm of life, or the repose of a pacific station, that great characters are formed. ... Great necessities call out great virtues.  - Abigail Adams

Of all the advantages which come to any young man ... poverty is the greatest. - Josiah G. Holland

My luck was my father not striking oil... we'd have been rich. I'd never have set out for Hollywood with my camera, and I'd have had a lot less interesting life. - King Vidor

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

http://famousquotesandauthors.com/quotes_by_topic.html

“Tidbits From TNT” Saturday 6-22-2024

TNT:

CandyKisses:  Finance: Direct distribution of current expenses, revenues and investment projects for 2024

Economy News - Baghdad

The Ministry of Finance announced today, Saturday, the distribution of estimates of current expenses, revenues and investment projects for 2024.

The ministry stated, in a statement received by "Economy News", that "the estimates of current expenses, revenues and investment projects for the year 2024 were directly distributed in the public year of the state."

She added that "the Budget Department in the Ministry of Finance calls on all ministries, governorates and entities not associated with a ministry to send their authorized on tomorrow, Sunday, June 23, 2024, for the purpose of receiving estimates of current expenses, revenues and investment projects for the current year, and approved by the House of Representatives according to parliamentary decision No. (64) of 2024 and the headquarters in its session numbered (27) on June 3 of this year."

Tishwash:  Saleh: The tripartite budget gave the government flexibility to implement its medium-term plans

The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that the Federal General Budget Law No. 13 of 2023 (the tripartite budget) granted the executive authority high flexibility in implementing the state’s medium-term financial plan for the years 2023, 2024, and 2025.

Saleh told {Al-Furat News} agency, “In implementation of the provisions of Article 2/77 of the law above, which stipulates that the government shall submit financial schedules related to expenditures, public revenues, and the planned deficit for the fiscal years 2024 and 2025, in order to provide a flexible space that allows for the implementation of the general budget in an efficient and reliable manner.” In accordance with the constants stipulated in Law No. 13 mentioned above.”

He pointed out that "the matter relates to the schedules for the fiscal year 2025 and the possibilities of approving expenditures that may arise in the next fiscal year, or the exhaustion of other expenditures whose deadlines have expired in terms of timing, or the expiration of expenditure commitments and the replacement of new commitments for expenditures during the next fiscal year

And in appreciation of the circumstances surrounding the economy." Overall, the Federal Ministry of Finance, as a supreme financial authority, in cooperation with the Ministry of Planning (which is the ministry concerned with development projects and overall investment spending), will undoubtedly undertake to provide the necessary adjustments in the financial tables that will be presented for the year 2025 so that they can be studied, starting with the Ministerial Council for the Economy and in accordance with the contexts stipulated by it.

Federal Financial Management Law No. 6 of 2019, as amended, then the financial tables in question receive the approval of the Council of Ministers, so that they can be approved in the House of Representatives.”

At the same time, Saleh noted that “there is high and continuous coordination between the parliamentary finance committee concerned with following up and monitoring financial developments in the country and in accordance with the constitution, and between the plans, programs and mechanisms adopted by the financial authority in implementation, which are mutual constitutional guarantees to achieve the country’s supreme interests in development and economic stability.” "To the fullest extent."  link

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Tishwash: Finance begins distributing estimates of current expenditures, revenues, and investment projects for 2024

Today, Saturday, the Ministry of Finance announced the start of distributing estimates of the state’s current expenditures, revenues, and investment projects for the year 2024.

A Finance statement received by Al-Rabaa stated, “The Budget Department calls on all ministries, governorates, and entities not affiliated with a ministry to send their authorized representatives tomorrow, Sunday, for the purpose of receiving estimates of current expenditures, revenues, and investment projects for the current year, approved by the House of Representatives, according to what was stated in Parliamentary Resolution No. (64). ) for the year 2024 and was held at its session numbered (27) on June 3 of the current year.

a different version

 The Ministry of Finance announced today, Saturday, the start of distributing estimates of current expenditures, revenues and investment projects for the year 2024.

The Ministry stated, in a statement, a copy of which was received by Al-Mustaqila, that “the state has begun distributing estimates of current expenditures, revenues, and investment projects for the year 2024 to the state.

She added, “The Budget Department of the Ministry of Finance calls on all ministries, governorates, and entities not affiliated with a ministry, to send their representatives tomorrow, Sunday, June 23, 2024, to receive estimates of current expenditures, revenues, and investment projects for the current year, which were approved by the House of Representatives in accordance with Parliamentary Resolution No. (64) of 2024, adopted at its session numbered (27) on June 3 of the current year.”

This step comes as part of the government's efforts to improve financial planning and ensure a fair distribution of resources in a way that enhances the quality of public services and contributes to achieving sustainable development in all regions of Iraq .  link

Mot:  .. Amazing she Can find her Way at alllll ~~~~

Mot:  ....... hot soooooooooo - Just how hot is it anyways

Weekend News With MarkZ 6-22-2024

Weekend News with MarkZ

Some highlights by PDK-Not verbatim

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

MZ: We spend the first part of the show with thecbdgurus having fun, then dive into some news at 10:30 am around the 45-minute mark.

Member: Good Morning – hope everyone has a great weekend.

Member: Remember that old Bloomberg video that said -“Theres a certain point….At midnight on some Saturday  night European Central time….they are going to announce it…heres the menu of the new exchange rates and have a nice Monday., Could this be the Saturday Night we have been waiting for???,

MZ:  Everything remains positive.  But there was a painful lack of news overnight.

Member: Any banking contact update?

MZ: No I do not have an update from them on what to expect on the 23rd. I am kinda surprised because they have been in meetings. I tried to reach out but hitting a brick wall.

MZ: Maybe the bankers signed NDAs about the events to happen on the 23rd?

MZ: A bank story: A little state bank in Texas …A member asked a teller if there was a new bank system….and was told “could be”  and then when asked if they exchanged foreign currency…they said “yes, we will be”  this is interesting from a smaller state bank. Seems more and more banks are reporting massive changes.

Member: TNT Tony says 99 % rv this weekend

MZ: I hope he is correct.

Member: Is the 1% of money paid to the Bondholders fiat or gold backed money?

MZ: Any thing they have now, presently  is in fiat.

Member: Imagine 10 days of darkness with no AC in this heat!!!

Member: Supposedly just the social media sites will go dark…not electricity

MZ: …there is no part of me that thinks they shut down electricity in the 10 days of darkness. Not worried about that at all.

Member: Hopefully Sudani gets things done shortly

Member: I am amazed what Sudani has done in 18 months

Member: Militia Man & crew had a good one yesterday. It’s coming

MZ: It is totally coming

Member: Mark, how much lead time do you think that you will get over the general announcement?

Member: Mark how do you stay positive about the RV with all the cry wolf for 20+ years? I just don't see it happening anymore. lost hope

MZ: Just because it hasn’t happened yet, doesn’t mean it’s not happening. You can always put your currency on the shelf and be surprised when it does happen. If you study history- you will see that when fiat crashes …we can get close on timing…..but do not know the exact timing. All we can follow is the fundamentals. It will happen though.

MZ: This cycle has happened many times in our past. It happened with Rome…when it fell. They were clipping coins, they went to fiat using written letters….Same thing happened with England when they were the dominate currency. It happened in Spain. We have seen this happen before and with every one of them, debt forgiveness goes with it. We are watching history play out.

MZ: “Monetary Metals offers a silver bond for the first time in over 150 years”  I find this one interesting. Central banks stopped accumulating silver in the mid 1850’s when the world moved off the silver standard by the early 1870s. This metal is still a important tool for wealth protection. This is the free market picking up where the government and central banks are failing. When the US dollar explodes the free market will find a way to correct for it.

Member: Mark – how do you stay positive when there is no RV news?

MZ: You have it backwards because …..there is no negative news. There is nothing telling us it isn’t moving forward anymore.

Member: Remember how far you've come, not just how far you have to go.

Member: “Gold is money. All else is credit.” JP Morgan

Member: Full Restoration to ALL who are ill or Suffering. Hang in there better days are coming.

Member: Enjoy Your Weekend Everyone! Happy Birthday to those celebrating!

​​“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

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

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

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

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

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

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

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

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

https://www.youtube.com/watch?v=PZOX2JU-uJo

News, Rumors and Opinions Saturday AM 6-22-2024

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 Sat. 22 June 2024

Compiled Sat. 22 June 2024 12:01 am EST by Judy Byington

Global Currency Reset:  (Rumors/Opinions)

Fri. 21 June 2024 Wolverine member: “Hi Wolverine, my friend who is a HSBC bank manager here in Australia for the RV just told me that he was on call from now all weekend.”  

Wolverine: “They were expecting for the funds to be released yesterday but it was cancelled. It looks like we are going to have our celebration on the weekend. It’s going to be a shotgun start.”

Fri. 21 June 2024 MarkZ: “Lots of anticipation for this weekend. Two different bank contacts from two different states said they are on one hour call for this weekend.”

Fri. 21 June 2024 TNT Tony Call:

“Everything is ready to go. All the Banks had more meetings this week and were told the same briefing. Banks were told there was a 99% chance that it would go public tonight, or this weekend. Everyone is excited about this weekend. Our first opportunity is later today, or we will see it this weekend. They are working extended hours this weekend.”

Tony’s bankers went in at 5:00am today in anticipation for something to happen this afternoon, which still could happen at any moment. As of right now, our first opportunity is after 4:00pm today or anytime over the weekend.

Bank contacts in FL, NY, Chicago and Indiana advised that they had all received massive amounts of money, in preparation for this to occur.

Banks advised that there will be security in the parking lots, as well as inside of the banks. “Some people” told Tony that it started 2 days ago, and that it “just hasn’t gotten to us yet.”

Regional banks advised that it has started for them, and that as of yesterday, people who had SKR funds pending were supposed to “be showing live” in their accounts.

The “technical issues” from last Friday were apparently still missing a component, which has now been resolved. The electronic and physical issues were previously satisfied, however, satellite transmission capabilities for fund transfers are now complete.

Bank staff have been informed that they will be working extended hours this weekend.

There is no “fussing or fighting” in Iraq, there has been no mention of the budget, the only issue being reported on, is their focus on recovering the stolen money.

Tony advised that a contract rate of $28.50 for the Dinar should be available to those who ask for it.

Tony was asked how certain he was, that this was finally our weekend and his response was “99%.”

Tony received a text during the call which made him laugh, and he stated that “the word is, that the sooner we get off the phone, the sooner things get started.”

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Global Financial Crisis:

Fri. 21 June 2024: President Putin says over 60% of trade between Russia and Vietnam is now conducted without the US Dollar and Euro.

Read full post here:  https://dinarchronicles.com/2024/06/22/restored-republic-via-a-gcr-update-as-of-june-22-2024/

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

Frank26   [Iraq boots-on-the-ground report]  FIREFLY: International finance team is on the television channel one...They're saying the economic reform is Iraq is at an increasing rate and we have invested over $2 billion in this Iraq.  FRANK: This is the international finance community.  They all know what's going on.  When they say your economic reform has increased...what they're talking to you about without saying it because they cannot, is the float.

Bruce   [via WiserNow]  We know that there's a lot going on behind the scenes.  One of our bankers - Wells Fargo said, Just hang in there...just hang in there a couple more days...So I'm excited...we will be able to look back at years of waiting and say, it was worth it. 

End of Petrodollar? Start of a New Monetary Order? Can This Be Stopped? – Andy Schectman

Kitco News:  6-21-2024

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Andy Schectman, President and Owner of Miles Franklin Precious Metals, who discusses the idea that the era of paper money might be over.

Schectman weighs in on whether this is the start of a new monetary order, whether it can be stopped, and who is behind the plan to “reset” everything.

He also gives his outlook on gold and Bitcoin.

https://www.youtube.com/watch?v=89rrMXU5b8U