Economist’s “News and Views” Sunday 9
The Next Black Swan Event Is About To CRUSH The U S Economy
Atlantis Report: 8-31-2024
There is a growing sense of unease among the influential people in the United States. Rumors of an upcoming economic disaster have intensified to the point of being overwhelming.
Recent fluctuations in the value of the U.S. dollar have caused a lot of anxiety among investors and policymakers worldwide.
The Next Black Swan Event Is About To CRUSH The U S Economy
Atlantis Report: 8-31-2024
There is a growing sense of unease among the influential people in the United States. Rumors of an upcoming economic disaster have intensified to the point of being overwhelming.
Recent fluctuations in the value of the U.S. dollar have caused a lot of anxiety among investors and policymakers worldwide.
While a strong currency is usually seen as a positive thing, in this case, its sudden surge has created uncertainty and left many people worried.
Understanding the reasons behind this situation, the threat of recent fluctuations of the U.S. dollar, and the complex dance between the Federal Reserve and interest rates is essential.
Banks Can't Hide From The Truth | Adrian Day
Liberty and Finance: 8-31-2024
Adrian Day discusses the current risks to banks, insurance companies, and pension funds, highlighting concerns about commercial real estate.
He notes that the U.S. economy is weaker than it appears, evidenced by recent job revisions and a predominance of part-time and government positions.
Day anticipates that the Federal Reserve will cut interest rates, a move that typically signals a forthcoming recession but is favorable for gold and commodity investments.
He explains that gold stocks are starting to outperform physical gold, presenting a compelling opportunity for investors.
Additionally, Day predicts a rotation out of overvalued U.S. stocks into undervalued global and commodity stocks, suggesting a cyclical shift in market performance.
Rafi Farber: Bloomberg Explicitly Calls the End Game In the Repo Market
Arcadia Economics: 8-331-2024
It's what Rafi Farber has been saying for about two years now. The End Game will be focused on the repo market, where banks trade each other trillions of dollars every night for wholesale funding.
With the Fed continuing quantitative tightening, eventually there will not be enough dollars to grease the repo market, and we will hit another repocalypse.
Bloomberg finally sees it coming, even using the term "end game" to describe it.
In this week's silver report, Rafi goes into this and other topics including the percentage of dollars backed by deferred assets (Fed losses) and when, theoretically, every dollar in existence will be backed by what the Fed owes the Treasury.
“Tidbits From TNT” Sunday 9-1-2024
TNT:
Tishwash: Oliver Wyman Company and lifting sanctions on banks banned from the dollar
The Central Bank of Iraq has contracted with Oliver Wyman, a global consulting firm that has the ability to “restructure companies to succeed in difficult times, build a new strategy in banking, and be a leader in risk, strategy, and human resources, helping clients navigate a dynamic environment across four global firms.”
A firm like Oliver Wyman can therefore help sanctioned Iraqi banks understand the sanctions imposed on them, work on strategies to mitigate their impact, and even help remove these sanctions in some cases.
TNT:
Tishwash: Oliver Wyman Company and lifting sanctions on banks banned from the dollar
The Central Bank of Iraq has contracted with Oliver Wyman, a global consulting firm that has the ability to “restructure companies to succeed in difficult times, build a new strategy in banking, and be a leader in risk, strategy, and human resources, helping clients navigate a dynamic environment across four global firms.”
A firm like Oliver Wyman can therefore help sanctioned Iraqi banks understand the sanctions imposed on them, work on strategies to mitigate their impact, and even help remove these sanctions in some cases.
Legally, the firm can help Iraqi banks understand international laws and sanctions applicable to them, identify any legal risks associated with their activity, and then provide recommendations on how to improve banks’ compliance with international sanctions, and develop plans to mitigate risks.
In addition, the firm will help Iraqi banks communicate with international government agencies to learn more about the sanctions imposed on them, or to request “exceptions or mitigations,” by providing training programs for employees in Iraqi banks to develop their skills in the field of sanctions compliance.
From the above, we conclude that Oliver Wyman can play an important role in helping Iraqi banks understand and implement international sanctions effectively, and then submit a recommendation to the Treasury Department and the Federal Reserve that paves the way for lifting the sanctions. link
Tishwash: Parliamentary Economy Committee Discusses Amending the "Investment Law"
The Iraqi legislative arena is currently witnessing intensive discussions about the fourth amendment to Investment Law No. 13 of 2006, as amended, in light of the significant expansion of investment activity in the country in recent years.
These discussions come within the framework of efforts aimed at improving the investment environment and addressing the gaps in the current law.
In a press interview followed by “Economy News”, member of the Economic Committee, Diaa Al-Hindi, confirmed that the proposed amendment is “important and necessary” due to the many problems that the current law suffers from, explaining that “the current law requires fundamental amendments in several aspects, including the mechanism for selecting heads of bodies and members of the board of directors in bodies, in addition to the conditions for granting and withdrawing investment licenses, additional extensions, and grievance procedures.”
Al-Hindi pointed out that the amendment seeks to address those issues that the current law did not adequately address, which negatively affects the investment climate in Iraq. link
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Tishwash: Business Impact Conference – Iraq (BICI) kicks off in Erbil
36 companies collaborate to create positive, inspiring and sustainable work environments
The Business Impact Conference – Iraq (BICI) kicked off today in its first session with the distinguished participation of 36 Iraqi companies, where entrepreneurs and business leaders meet to start the process of collective learning on how to create positive and sustainable work environments. The conference aims to promote the concepts of trust, unity, and diversity within Iraqi work environments, which contributes to improving performance and increasing productivity in the long term.
On the first day of the conference, the sessions began with a welcoming speech followed by a general introduction to the conference objectives and its importance in the local context. The agenda included interactive sessions and open discussions aimed at exploring and developing effective working practices.
The first session, titled “Building Positive Work Environments,” was led by Mr. Fahim Da’at Al-Thakreen, Founder of Popcorn Marketing, who provided valuable insights on how to create a work environment that encourages collaboration and innovation.
This was followed by a “Trust” session presented by Heba Hamadeh, General Manager of Cedars International School, which focused on the role of trust in strengthening relationships within teams and clients. The program also included small study sessions and group discussions to deepen understanding and exchange experiences among participants.
After a lunch break and group photos, the conference resumed with a session on “Unity and the Power of Diversity,” presented by Ali Alwan, HR Manager at Ramlah Real Estate Development. This session discussed how to leverage cultural and intellectual diversity to achieve integration and unity in the workplace. The first day concluded with a session on “Fixing the Roots, Not the Branches,” which focused on an open discussion to explore radical solutions to the challenges facing workplaces.
The conference continues tomorrow for its second day, focusing on growth and collective activism. The fifth session, titled “Growth,” will be led by Rawaa Al Saqr, founder of Sagerlabs, who will present practical strategies for driving growth in companies. After group study sessions and a short break, the “Activity” session will bring participants together for an artistic workshop that promotes team spirit and creativity.
The second day concludes with the “BICI Process and Units” session, which will review the outcomes of the conference and identify next steps to enhance business impact in Iraq. link
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Tishwash: Fouad Hussein discusses with the US Ambassador the details of the international coalition conference against ISIS in Washington
Iraqi Deputy Prime Minister and Foreign Minister Fuad Hussein discussed with US Ambassador to Baghdad Alina Romanowski on Saturday the details of the international coalition conference against ISIS, which will be held in Washington next month.
The Iraqi Foreign Ministry said in a statement, a copy of which was received by Kurdistan 24, that "Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein received today, Saturday, August 31, 2024, the US Ambassador to Iraq, Alina Romansky."
The statement indicated that "during the meeting, the ongoing negotiations regarding a ceasefire in Gaza and sending aid, especially medical aid, to the Strip were discussed."
He added, "The military operation carried out in the Anbar desert was referred to, which resulted in the neutralization of 15 ISIS terrorists. The minister praised the joint cooperation between the Iraqi and American forces and the success of this important operation."
He added that the meeting "touched on the conference of the international coalition against ISIS scheduled to be held in Washington early next month, and Iraq's participation in it. It is worth noting that this coalition includes 87 partners, and was established primarily to fight the terrorist organization ISIS in Iraq and Syria, and the conference will be at the level of foreign ministers of the participating countries."
The statement concluded by saying, "The United Nations General Assembly meetings to be held next month, which will be attended by dozens of world leaders, were discussed. The role of the two countries in these meetings and the required coordination between them to hold bilateral meetings on the sidelines of the participation of the two countries' delegations in New York were also discussed." link
Mot.. Have a Happy ~~~~ l
Mot: Try to remember the kind of september.......
Seeds of Wisdom RV and Economic Updates Sunday Morning 9-1-24
Good Morning Dinar Recaps,
“SAME RISKS, SAME RULES”: THE SEC’S SELECTIVE APPROACH TO CRYPTO REGULATION
When it comes to cryptocurrency regulation, the SEC views most cryptocurrencies as securities, favoring the concept of ‘same risks, same rules’.
But is it possible it’s not being consistent itself?
The same rules aren’t being followed when it involves the custody of crypto-assets.
Good Morning Dinar Recaps,
“SAME RISKS, SAME RULES”: THE SEC’S SELECTIVE APPROACH TO CRYPTO REGULATION
When it comes to cryptocurrency regulation, the SEC views most cryptocurrencies as securities, favoring the concept of ‘same risks, same rules’.
But is it possible it’s not being consistent itself?
The same rules aren’t being followed when it involves the custody of crypto-assets.
The notorious SEC accounting bulletin SAB 121 changes the accounting rules around the custody of crypto-assets, requiring those assets to be disclosed on the balance sheets of listed firms.
That contravenes global accounting norms and has prevented banks from providing cryptocurrency custody. The SEC tries to argue that crypto-assets have elevated cyber risks.
A new heavyweight paper on crypto regulation points out that cyber risks are not new and are well covered by existing regulations. So using the principle of “same risks, same rules”, no additional cyber regulation is necessary for crypto-assets.
Yesterday Steven Schwarcz, Distinguished Professor at Duke University School of Law, published a paper on regulating financial innovation, with a focus on crypto-assets and DeFi.
We’d note that the paper does not directly mention SAB 121, so it is Ledger Insights that’s highlighting the inconsistency. However, the Professor’s cyber risks observation directly follows his discussion of the controversial application of ‘same risks, same rules’ to crypto.
A thought provoking paper on crypto regulation
Most regulations focus on the minutiae, whereas Professor Schwarcz reviews the high level models that can be used in regulating fintech innovation. ‘Same risks, same rules’ is one of six models he explores.
While some may disagree with various suggestions, regulatory clarity is necessary for new industries to flourish.
The Professor selected the salient aspects of the six models to outli The Professor selected the salient aspects of the six models to outline a recommended framework to address fintech innovation in gen ne a recommended framework to address fintech innovation in general. He then applies it to the crypto sector.
Sandboxes, smart contract audits (not just code)
A first step is to provide regulatory sandboxes. The Professor has a pragmatic view, recognizing that sandbox tests with a few customers won’t highlight all the potential risks.
There’s a need for fintech firms to self monitor their risks. However, that’s not likely to be sufficient, so there should be a system of third party expert monitoring.
In the crypto sector, smart contract audits are already widely used to identify bugs and qualify as a type of third party monitoring. But that only addresses one specific risk. A broader range of risks need exploring – risks to the firm and their customers, to other market participants and the public.
Plus, the automated nature of smart contracts can trigger a vicious cycle. We’ve already witnessed multiple crypto crashes and the impact on crypto lending. The liquidation of collateral leads to price declines, sparking a cascade of additional liquidations.
Stopping a crash
In traditional finance (TradFi) these sorts of issues exist in high frequency trading, where suspending trading helps to address the risk. However, the Professor recognizes that would be tricky to enforce in the crypto sector.
Hence, he recommends that businesses identify their counterparties and disclose the risks to them. If a third party monitor finds the firm’s smart contract usage creates significant risk, then “Regulators should have the power to suspend a business’s right to enter into new smart contracts.”
In other words, if you can’t stop a crash by suspending trading, then try to prevent it from happening in the first place. Although both are desirable.
One can imagine that the suggestion would cause the crypto sector to be up in arms, but it has merit, provided it’s not overused and one appropriately defines ‘significant risk’. TradFi has standard approaches to risk management which can be tweaked and ported to the crypto world. The more responsible players already do this.
For example, we’re aware of at least one exchange that saw the Terra Luna collapse unfolding early on, because they had systems in place. Hence, they protected their clients, although arguably their reaction exacerbated the downward spiral.
DeFi regulation
The Professor’s approach to DeFi resembles discussions already taking place about how to identify responsible people, with holders of governance tokens being one avenue.
An alternative option is to require DeFi platforms to be “provided by centrally registered and well capitalized entities.” At the same time, he acknowledges that could nullify DeFi benefits (low costs), so suggests consulting the DeFi industry before taking steps in this direction.
Regarding crypto-assets, he observes that some have proposed the financial equivalent of the FDA. In other words, all fintech innovations would need approval in advance.
He dismisses this as an innovation killer. He wrote that this “reverses the presumption, at least in the context of new financial products, that private-sector freedom of contract produces beneficial societal outcomes”.
In the case of financial stability risks, the Professor notes that fintechs are generally too small to create stability risks. These sorts of risks come from the actions of systemically important institutions. Hence, to address this particular risk, there should be limits on them rather than fintechs.
Surprisingly, he doesn’t mention that this is the approach taken by the Basel Committee for Banking Supervision.
Given the gravitas of this paper, who knows, perhaps he was the one that suggested banks have a maximum crypto exposure of 1% of Tier 1 capital.
@ Newshounds News™
Source:
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BIDEN ADMINISTRATION NOT INTERESTED IN RESOLVING UKRAINE CONFLICT — ECONOMIST
The true causes of the Ukrainian conflict have never been explained to US citizens, Professor Jeffrey Sachs said.
NEW YORK, August 30. /TASS/. The administration of US President Joe Biden is not interested in resolving the conflict in Ukraine and refuses to admit that Washington is directly to blame for this crisis, American economist, Director of the Center for Sustainable Development at Columbia University, Professor Jeffrey Sachs said.
"There's nothing really that this administration <...> is going to do. I don't think the president is probably in any mental state to lead anything at this point. So I think we're kind of on autopilot, which is [a] very bad place to be," he said in an interview with US journalist Tucker Carlson.
"This is a war provoked by the US, <…> the US [that] aims for NATO enlargement, and it would take a president who understands the basics of this and why this was so wrong headed," the economist emphasized, adding that Biden is not such a person.
Sachs added that the true causes of the Ukrainian conflict have never been explained to US citizens. The information that Americans can receive on this issue is contrary to reality, he added.
@ Newshounds News™
Source: TASS
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Iraq's Central Bank's Major US Visit | Seeds of Wisdom Team Youtube
@ Newshounds News™
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RUSSIA IS ABOUT TO TRY USING CRYPTO TO GET AROUND SANCTIONS
Experts doubt it will work, given the traceability of blockchains and the risk of even tougher sanctions for Russia.
▪️Russia will start its trial of cross-border payments using crypto next week.
▪️Recent statements from senior Russian leaders suggest the law’s purpose is to use crypto to counter sanctions.
▪️The law hands power to Russia’s central bank to oversee an “experimental” regime.
Russia will begin trialing cross-border crypto payments next week in an effort to circumvent international sanctions – but this effort may not work, several policy and legal experts told CoinDesk.
Legislation passed at the end of July and swiftly signed into law by President Vladimir Putin does not lift an existing ban on using cryptocurrencies as legal tender for regular payments within Russia, but instead allows cross-border payments with crypto.
How the law will allow such payments remains unclear because the legislation doesn’t specify rules for such transactions. Instead it hands power to Russia’s central bank to oversee an “experimental” regime, experts said.
Russia's economy has been hit hard by a suite of sanctions imposed by the U.S. and other nations following its invasion of Ukraine.
Since Russia’s invasion of Ukraine in Feb. 2022, it’s faced 16,500 sanctions from the U.S., U.K., European Union, Australia, Canada and Japan.
"The passing of these bills by the Russian government signals a continuation of Russia’s evolving strategy to circumvent Western sanctions," blockchain analytics firm Chainalysis’ director of investigations, Valerie Kennedy, told CoinDesk.
The EU said about half of Russia’s total foreign currency reserves, worth 300 billion euros ($332 billion), including 70% of the assets of the Russian banking system, were frozen. Select Russian banks were disconnected by the interbank messaging system, the Society for Worldwide Interbank Financial Telecommunication (SWIFT).
"It has been difficult for Russia to avoid the U.S. dollar and euro via the SWIFT system, which has created increasing risk of secondary sanctions," she added. Secondary sanctions are penalties designed to prevent any third party from trading with a sanctioned nation.
What the law says
Some details have emerged in the days leading up to the Sept. 1 implementation of the law.
CoinDesk viewed a copy of the law using google translate. It said “during the circulation of digital currency in the Russian federation … special regulation may be established … by the experimental legal regime program.” That regime is still in the works. Before finalizing it, the central bank will consider proposals and suggestions from domestic stakeholders.
“Some players, including us, have already come with our own proposals,” said Anti Danilevski, founder and CEO of Kick Ecosystem, a one stop shop for crypto, who has been closely engaging with regulators.
“The central bank will decide if it fits with their view. They are moving very fast, so it won't take much time.”
Bloomberg reported that Russia is planning to use the National Payment Card System, for swapping between rubles and cryptocurrencies when testing payments.
The system was chosen because it already features infrastructure for functions like interbank settlement and is fully regulated by the central bank. If the trials are successful, Russia may allow the Moscow Exchange and the St. Petersburg Currency Exchange to set up crypto platforms next year, the report added.
Ivan Chuprunov, an associate professor at the Research Centre of Private Law in Moscow, said the regime’s “exact parameters are not clear” because none have been published yet but the “central bank will likely publish some guidance in the coming weeks.”
The law also appears to let the central bank change how it oversees these trials at any time.
The legislation said that the provisions may “exclude or change” parts of the Federal Law in relation to transactions with “digital currency made in the implementation of foreign trade activities through an authorized organization.”
The regime is “more a flexible one” because it’s “just the central bank who will be approving it,” said Chuprunov. “Whether they will have just one exchange, what currencies would be traded, how participants would get trading access, is still a big unknown.”
Nor does the law clearly specify what rules now apply to crypto entities or businesses wanting to deal in crypto, because the central bank will determine which companies will participate in the experiment.
While the law doesn’t specify what its exact purpose is, recent statements from senior Russian leaders pointed toward using crypto to counter sanctions.
On July 17, 2024, in an economic affairs meeting, Putin said Russia should not “miss the moment” and should promptly set up a “legal framework” for crypto, which is “increasingly used in the world as a means of payment in international settlements.”
Then, one of the authors of the bill said Russia views cryptocurrencies “primarily as a tool for circumventing sanctions,” followed by its central bank Governor Elvira Nabiullina saying that’s why we “softened our stance” on crypto at an event in Moscow recently.
@ Newshounds News™
Source: CoinDesk
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16 Things Financial Advisors Never Do With Their Money
16 Things Financial Advisors Never Do With Their Money — and You Shouldn’t Either
Jennifer Taylor Sat, August 31, 2024 GOBankingRates
Financial advisors to help clients manage their money. As financial experts, they can offer advice on everything from investing to smart spending habits — but it can also be helpful to know what money moves they would never make themselves.
GOBankingRates spoke with a few financial advisors to find out what they would never do with their money. Here’s what they had to say.
16 Things Financial Advisors Never Do With Their Money — and You Shouldn’t Either
Jennifer Taylor Sat, August 31, 2024 GOBankingRates
Financial advisors to help clients manage their money. As financial experts, they can offer advice on everything from investing to smart spending habits — but it can also be helpful to know what money moves they would never make themselves.
GOBankingRates spoke with a few financial advisors to find out what they would never do with their money. Here’s what they had to say.
Ignore It
“Ignoring your money doesn’t make problems go away, nor does it lead to wealth,” said Christopher D. Musick, CFP, CKA, founder and financial planner at Purpose Financial Planning.
To be intentional with his cash flow, he sets time aside to budget monthly.
“I plan for how much is coming in, and what’s going toward spending, saving, giving, taxes and debt,” he said. “I also review my accounts regularly, including my investments.”
Use Consumer Debt
“I don’t take on debt to afford my lifestyle,” Musick said.
He said doing so isn’t sustainable.
“Car loans leave you in debt and paying interest on a depreciating asset,” he said. “Carrying credit card debt is even worse, as it often has higher interest rates and is typically used to fund immediate consumption, leaving you with nothing to show for that debt.”
He said consumer debt works against building wealth.
“It takes away from your net worth and constrains your future cash flow,” he said.
Invest My Emergency Fund
“I don’t want to worry about stock market volatility in the midst of an emergency,” Musick said. “My emergency fund is in a high-yield savings account (HYSA), but other options include things like CDs or money markets.”
He said he wants his emergency fund to be liquid, accessible and guaranteed to be there when he needs it.
Forget Taxes
“The last thing I want is to get surprised by a big tax bill in April,” Musick said.
Instead, he keeps a close watch on his earnings throughout the year to ensure he’s withholding enough taxes and determine if estimated taxes are necessary.
“I also look for tax-planning strategies that may help me lower what I owe in taxes now or in the future,” he said.
Keep It All for Myself
TO READ MORE: https://news.yahoo.com/news/finance/news/16-things-financial-advisors-never-160030886.html
News, Rumors and Opinions Sunday AM 9-1-2024
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 Sun. 1 Sept. 2024
Compiled Sun. 1 Sept. 2024 12:01 am EST by Judy Byington
Judy Note:
A reliable military source has leaked that in the next 24 to 48 hours, the Supreme Court will (allegedly) announce a government shutdown and replacement. Are you ready for the Great Comeback?
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 Sun. 1 Sept. 2024
Compiled Sun. 1 Sept. 2024 12:01 am EST by Judy Byington
Judy Note:
A reliable military source has leaked that in the next 24 to 48 hours, the Supreme Court will (allegedly) announce a government shutdown and replacement. Are you ready for the Great Comeback?
The global media is (allegedly) gearing up for Disclosure Day, where the principles of GESARA, the largest wealth transfer in human history, and the new global economic system will be revealed. This synchronized broadcast will (allegedly) reach billions of people, using the Emergency Broadcast System (EBS) to deliver the truth to the masses.
Prepare for (allegedly) 10 days of communications darkness. There will be communication blackouts, but only in certain areas. Banks will close, ATMs and credit cards will (allegedly) stop working, and you will need at least three weeks of food and water. If you are not prepared, do not worry: the military will have your back and (allegedly) provide you with whatever you need. Educational messages will be broadcast without interruption, teaching everyone the true principles of freedom and justice.
The quantum financial system will (allegedly) release NESARA/GESARA funds, erasing debts and restoring our economy to the prosperity of the 1950s.
Judy Note: As I understand it, all banks will soon be service only (or closing) and their staff were being so trained. Your bank account is already on the QFS system with money from NESARA or GESARA in it. In the near future you will be setting up access to your new QFS bank account at a Redemption Center appointment.
97 of the top 100 (C***l) Central Banks are currently (allegedly) under transformation to become fully operational under the QFS + RTGS system and the remaining 82 smaller Central Banks are gearing up for this transition.
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Global Currency Reset:
Sat. 31 Aug. 2024 Wolverine: “Looks like everything has been lined up for Tues. 3 Sept. The Precatorias was supposed to go today, but now they are going to go on Tues. 3 Sept. It’s going to be a shotgun start. All contracts have been signed. Everything is ready to go. …Tier 1, 2, 3 and 4 banks around the world are fully integrated and ready for distribution. The RV is finally here. God bless. Your friend, Wolverine”
Fri. 30 Aug. 2024 Banker: “I was just advised to be on alert for the next 24-48 hours as news we expect was about to be released.”
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Sat. 31 Aug. 2024 The Alliance Plan…NESARA/GESARA on Telegram
Implementation of NESARA/GESARA debt relief.
The military will provide necessary food to the masses.
Implementation of the QFS (Quantum Financial System).
A 95% reduction in the government machinery.
The Federal Reserve will be abolished, and the IRS will be placed under the new U.S. Department of Treasury.
A new tax system that requires only a 14% tax on new items and no tax on things like food, medicine, wages, used houses, and cars.
Read full post here: https://dinarchronicles.com/2024/09/01/restored-republic-via-a-gcr-update-as-of-september-1-2024/
Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man I think everybody should be excited by the fact that all the progress that we've seen with Iraq has been amazing...Over the last 2 years we can see one thing after another is getting done. It seems like it's painstakingly [slow] ...but in truth it's not even close to that.
MarkZ [via PDK] I have been told a 3 day weekend is easier to execute. In an ideal world they would flip the rates on a Saturday Night or Sunday morning and this would give them more time to prepare banking . It would just be easier to do it on a 3 day weekend for the biggest economies in the world.. At least that is how it was described to me... the anticipation for this weekend is at a feverish pitch right now!! We will see what happens. We should know by midday on Sunday.
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BREAKING NEWS Iraq's Shocking Oil Revenue 15% Sent to U S
Edu Matrix: 9-1-2024
BREAKING NEWS: Iraq's Shocking Oil Revenue 15% Sent to U S - 65% Sent to China and India, 20% to Europe. Non-oil revenue growth and barrel per day for first half of 2024 -report.
IQD Update-Iraqi dinar -Iraqi dinar exchange rate-Transformation-Foreign Transfer-Exchange Rate Changes
IQD Update-Iraqi dinar -Iraqi dinar exchange rate-Transformation-Foreign Transfer-Exchange Rate Changes
MIlitiaan and Crew: 8-31-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
IQD Update-Iraqi dinar -Iraqi dinar exchange rate-Transformation-Foreign Transfer-Exchange Rate Changes
MIlitiaan and Crew: 8-31-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Economist’s “News and Views” Saturday 8-31-2024
A Cryptocurrency Backed By GOLD?
Lynette Zang: 8-31-2024
In today's episode of GeeWhiz we are talking about the recent launch of Tether's new gold-backed cryptocurrency and what that really means for you and the dollar...
A Cryptocurrency Backed By GOLD?
Lynette Zang: 8-31-2024
In today's episode of GeeWhiz we are talking about the recent launch of Tether's new gold-backed cryptocurrency and what that really means for you and the dollar...
Central Banks Are DOOMED! Gold & Silver Are About To Go PARABOLIC! | Greg Mannarino
Wall Street Silver: 8-31-2024
Greg Mannarino joins us to discuss the global economy and more! Gold is on the rise and something big is coming! JOIN US!
*BRICS Bank vs. IMF: BRICS Bank Accepts New Member, Poised to Challenge IMF Predatory Tactics
Lena Petrova: 8-31-2024
More News, Rumors and Opinions Saturday PM 8-31-2024
KTFA:
Clare: Central Bank contracts with international auditing firm in New York
8/31/2024
The Central Bank confirmed during the visit of the delegation headed by His Excellency the Governor of the Central Bank, Mr. Ali Mohsen Al-Alaq, to the United States of America that the delegation discussed the use of electronic payment cards and ways to regulate and stimulate their use in line with Iraq's trend towards electronic payment.
This came during separate meetings with a group of companies such as (Visa, Mastercard and MoneyGram), as the international auditing company (KPMG) presented an extensive analytical presentation of the uses of these cards, supported by recommendations and proposals to enhance organized use and accommodate the significant increase in citizens’ use of these cards.
KTFA:
Clare: Central Bank contracts with international auditing firm in New York
8/31/2024
The Central Bank confirmed during the visit of the delegation headed by His Excellency the Governor of the Central Bank, Mr. Ali Mohsen Al-Alaq, to the United States of America that the delegation discussed the use of electronic payment cards and ways to regulate and stimulate their use in line with Iraq's trend towards electronic payment.
This came during separate meetings with a group of companies such as (Visa, Mastercard and MoneyGram), as the international auditing company (KPMG) presented an extensive analytical presentation of the uses of these cards, supported by recommendations and proposals to enhance organized use and accommodate the significant increase in citizens’ use of these cards.
During the negotiations, the parties gathered praised the important steps in enhancing the banking sector reforms, most notably the contract that the Central Bank of Iraq delegation concluded with Oliver Wyman to conduct a comprehensive review of the conditions of Iraqi banks, especially banks prohibited from dealing in the US dollar.
The company will work to develop practical solutions to reintegrate these banks into the Iraqi and international banking sector, in addition to improving the level of bank procedures in line with international standards. This initiative aims to facilitate the process of establishing direct banking relations and improve the quality of services provided by banks to serve the Iraqi economy. The company is scheduled to start its work in the coming period.
Central Bank of Iraq LINK
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Clare: Oil Minister reveals upcoming visit to US to discuss gas investment file
8/31/2024 Baghdad
Oil Minister Hayan Abdul Ghani confirmed today, Saturday, the intention to refer 10 gas exploration blocks for investment in a new licensing round, and while revealing an upcoming visit to the United States to discuss offering them to international companies, he confirmed the intention to launch a new gas investment project at the end of the year with a capacity of 125 Mcm.
Abdul Ghani said: "The fifth and sixth supplementary licensing rounds included 29 blocks and fields, and contracts were completed on 14 of them, and there are about 10 gas blocks among the remaining that companies have not applied for and we are in the process of offering them in a new licensing round."
He added, "The Ministry of Oil plans to offer these gas investment opportunities to specialized companies, and we have a visit to the United States soon for this purpose, as we plan to offer them to international American companies."
He added, "The Ministry of Oil took the initiative to drill an exploratory well in the Al-Anz area with a capacity of 1,000 cubic meters, and the Halfaya gas investment project was also opened with a capacity of 300 cubic meters, and it is hoped to launch the gas investment project in the Al-Faiha oil field at the end of this year with a capacity of 125 cubic meters." LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Bruce [via WiserNow] ...there's so much good stuff coming out with Iraq with their new rate coming up Sunday, international rate, and we’ve [US] occupied one floor in the Central Bank of Iraq. And we vacate that on Saturday. We no longer will be in that CBI on Saturday...So that’s good news...I just think we're all ready for this to go...
Frank26 [Iraq boots-on-the-ground report] FIREFLY:
Saleh on TV right now and he just told us that the project to delete the zeros is ruled out at this present time...Then he turns around and says we need to reduce the amount in the budget from trillions to billions and then ends the conference talk by saying many have called for the removal of the three zeros which would increase the dinar...We are both in shock and stunned because he said one thing and then he said another thing. FRANK: What he's telling you is exactly right...it doesn't make any sense...This is B.S. It is a lie...Trust me, nothing is stopping the purchasing power that is coming to you Iraqi citizens. Nothing...China did the same thing back in the 90s...They came out with a full page article in their newspaper saying there were not sign to increase the value. 3 days later they increased the value. This may be the same scenario. A diversion for speculators.
US Property “$557 BILLION Bloodbath” - Final Chapter Of The Banking Collapse Is Here
Sean Foo: 8-30-2024
The US banking collapse saga is reaching its final chapter. Either we will get another spree of crashes or the fear will fizzle away and we are back where prices rage higher.
Here's what you must know and why commercial real estate is at the heart of this gigantic threat.
Timestamps & Chapters:
0:00 US Banking Crisis Big Finale
2:51 US Office $557 Billion Crash
5:22 CRE Defaults Tsunami Coming?
7:44 This Must Not Collapse OR ELSE
10:17 US Consumers Big Alert
Seeds of Wisdom RV and Economic Updates Saturday Afternoon 8-31-24
Good Afternoon Dinar Recaps,
BINANCE ANNOUNCES SUPPORT FOR BIGGEST CARDANO HARD FORK IN HISTORY: DETAILS
With the Cardano hard fork called Chang approaching, the world's largest cryptocurrency exchange, Binance, has announced that it will be supporting the network update.
The Chang hard fork is expected to occur on Sunday, Sept. 1, at approximately 9:45 p.m. UTC. An hour before the event, Binance will suspend all deposits and withdrawals from ADA, the network's native token; trading in the asset, however, will not be affected.
Good Afternoon Dinar Recaps,
BINANCE ANNOUNCES SUPPORT FOR BIGGEST CARDANO HARD FORK IN HISTORY: DETAILS
With the Cardano hard fork called Chang approaching, the world's largest cryptocurrency exchange, Binance, has announced that it will be supporting the network update.
The Chang hard fork is expected to occur on Sunday, Sept. 1, at approximately 9:45 p.m. UTC. An hour before the event, Binance will suspend all deposits and withdrawals from ADA, the network's native token; trading in the asset, however, will not be affected.
The Chang hard fork, which is being called Cardano's “most significant” update to date, will make the network fully decentralized. Few people know that Cardano is now actually run by three entities:
Cardano Foundation, IOHK and EMURGO. They are in fact responsible for all decisions made regarding the blockchain and affecting the price of the 10th largest cryptocurrency.
Under Chang, however, the keys and in fact the control mechanisms of Cardano will remain in the hands of the community and actual ADA holders who delegate their tokens to the staking pool.
@ Newshounds News™
Read more: U Today
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CRYPTO HOLDERS DISPROPORTIONATELY FAVOR TRUMP FOR U.S. PRESIDENT, NEW ACADEMIC POLL SHOWS
Donald Trump’s outreach to the crypto community seems to be paying off.
Former U.S. President Donald Trump’s efforts to court the cryptocurrency industry this election cycle seem to be paying off, according to the results of a new poll from Fairleigh Dickinson University.
The poll results, released Friday, found that crypto holders are disproportionately likely to say they will vote for Trump over Vice President Kamala Harris in the upcoming U.S. presidential election. Half of all crypto-holding survey respondents said they planned to vote for Trump, while only 38% of crypto owners preferred Harris.
@ Newshounds News™
Read more: CoinDesk
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COINBASE CEO ANNOUNCES FIRST AI-MANAGED CRYPTO TRANSACTION
▪️Brian Armstrong announced the first AI-managed crypto transaction on Coinbase.
▪️AI bots can now perform instant, global, and free transactions using crypto wallets.
▪️New developments are enabling AI bots to autonomously manage financial transactions.
Coinbase CEO Brian Armstrong announced a groundbreaking development in the crypto sector. Armstrong revealed the first crypto transaction entirely managed by artificial intelligence (AI) bots on the platform. This transaction is considered a significant step at the intersection of AI and cryptocurrencies.
Armstrong Announced the Development on X
On August 30, Armstrong shared, “This week, we witnessed the first AI-to-AI crypto transaction on Coinbase.” In this transaction, an AI bot interacted with another AI bot using cryptocurrencies, and the AI purchased tokens.
These tokens play a critical role in the development of AI technologies as data sequences that enable algorithm learning. Access NEWSLINKER to get the latest technology news.
Armstrong highlighted another important point: AI bots were designed to perform specific tasks but struggled to manage transactions until now.
This was seen as one of the biggest obstacles to integrating AI into daily life. Without payment methods, AI bots couldn’t participate in economic activities, but the advent of crypto wallets is gradually removing this barrier.
They Can’t Open Bank Accounts
Armstrong noted that while AI bots cannot open traditional bank accounts, they can possess crypto wallets. These wallets enable bots to perform instant, global, and free transactions on the Base platform using cryptocurrencies like USDC. This development paves the way for AI bots to become active participants in the digital economy.
Armstrong’s innovative approach aligns with his previous calls for equipping AI systems like large language models (LLMs) with crypto wallets. Armstrong aims to revolutionize the world of digital transactions by enabling AI bots to perform tasks on behalf of users and participate widely in the economy.
Other Developments Are Also Underway
The sector is responding to Armstrong’s vision with new developments that grant transaction capabilities to AI bots. For instance, in August, the Blockchain development firm Skyfire launched a payment platform that allows AI bots to autonomously spend money.
This platform enables AI to manage financial transactions independently, a function previously exclusive to humans.
Additionally, the Web3 infrastructure firm Biconomy is taking significant steps by deploying AI bots to facilitate on-chain transactions for users. According to co-founder Aniket Jindal, the Delegated Authorization Network (DAN) introduces a new authorization phase that allows commercial activities to be delegated to AI bots.
@ Newshounds News™
Source: Coin-Turk
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US ON FAST TRACK TO BANKRUPTCY — MUSK
"Government overspending is what causes inflation," the businessman said
NEW YORK, August 30. /TASS/. The United States may soon face bankruptcy, businessman Elon Musk said.
"At current rates of government spending, America is in the fast lane to bankruptcy. Government overspending is what causes inflation," Musk wrote on his page in the X social network.
The state debt for the first time crossed the level of $35 trillion, the US Department of the Treasury said on July 29. According to forecasts of the Congressional Budget Office, it will be over $50 trillion or more than 122% of GDP in 2034. The Office estimated that the average annual growth of US GDP will be 1.8% in 2029-2034.
@ Newshounds News™
Source: TASS
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Iraq Economic News and Points To Ponder Saturday Afternoon 8-31-24
A Reading Of The “Roles Of Corruption” Between Parliament And Local Councils.. What Is The Story Of The $1,000 Billion?
Politics | 08-28-2024, Baghdad Today – Baghdad Political science professor Issam Al-Faily commented Wed (August 28, 2024), about the extent of corruption between the House of Representatives and the provincial councils and which of them is wasting public money.
Al-Faili told "Baghdad Today", "It is not possible to evaluate the experience of the provincial councils, whether they are corrupt or not, because of the short lifespan of those councils, in addition to their cessation that lasted for years, while they did not carry out their assigned tasks, especially the executive side, as the budget has not been released yet.".
A Reading Of The “Roles Of Corruption” Between Parliament And Local Councils.. What Is The Story Of The $1,000 Billion?
Politics | 08-28-2024, Baghdad Today – Baghdad Political science professor Issam Al-Faily commented Wed (August 28, 2024), about the extent of corruption between the House of Representatives and the provincial councils and which of them is wasting public money.
Al-Faili told "Baghdad Today", "It is not possible to evaluate the experience of the provincial councils, whether they are corrupt or not, because of the short lifespan of those councils, in addition to their cessation that lasted for years, while they did not carry out their assigned tasks, especially the executive side, as the budget has not been released yet.".
He added, "But in previous experiences, there were many files in the provincial councils that were referred to the Integrity and Judicial Authorities Commission, and some officials in those councils were issued recruitment or follow-up orders, so there were practices that caused the waste of public money and the seizure of state capabilities."
He added, "The House of Representatives is financially burdening the state treasury, especially in light of the demands to increase the salaries of representatives, allocations, and privileges.
This contradicts the legislative work of Parliament, whose work is based on oversight and legislation, as well as evaluating government performance."
Al-Faili pointed out, “There are representatives who have been referred to the judiciary on corruption charges,” adding:
“Corruption does not only include wasting public money and appropriating it, but rather includes violating the law in many cases.”
He stated, “The material damages are distributed between the House of Representatives and the governorate councils.
The governorate councils involve a waste of public money, and
some see it as an extra link and an overlap of the powers of the executive and legislative authority on the one hand with the work of the governorate council, and this has created a state of confusion.”
The information indicates, according to officials’ statements, that
Iraq wasted more than 450 billion dollars during the last period without there being accounts for this money, taking into account that
oil revenues from 2003 to 2021 amounted to more than 1,000 billion dollars, according to what was revealed by the former President of the Republic. Barham Salih, who added that
the value of the looted funds is estimated at 150 billion dollars, noting that
these numbers reveal only a small amount of the truth, according to observers.
https://baghdadtoday.news/256700-قراءة-في-أدوار-الفساد-بين-البرلمان-والمجالس-المحلية.-ما-قصة-الـ-1000-مليار-دولار؟.html
"Rafidain": Implementing The Comprehensive Banking System In 40 Branches In Baghdad And The Governorates
Saturday 31 August 2024 | Economic Number of readings: 265 Baghdad / NINA / Rafidain Bank announced today, Saturday, the implementation of the comprehensive banking system in 40 branches.
The bank stated in a brief statement: "The comprehensive banking system has been implemented in 40 branches in Baghdad and the governorates." / https://ninanews.com/Website/News/Details?key=1150815
Central Bank Meets With Electronic Payment Companies And Contracts With An International Auditing Firm In New York
Banks Economy News – Baghdad The Central Bank of Iraq confirmed on Saturday that its governor, Ali Mohsen Al-Alaq, met with a number of electronic payment companies and signed a contract with an international auditing firm in New York.
The Central Bank said in a statement, seen by "Economy News", that the Central Bank delegation "headed by the Governor of the Central Bank Ali Mohsen Al-Alaq to the United States of America, discussed the use of electronic payment cards and ways to regulate and stimulate their use in line with Iraq's move towards electronic payment."
Al-Ban added that this came "during separate meetings with a group of companies such as (Visa, Mastercard and MoneyGram), as the international auditing firm (KPMG) presented an extensive analytical presentation of the uses of these cards, reinforced with recommendations and proposals to enhance organized use and accommodate the significant increase in citizens' use of these cards."
The statement stressed that the parties praised "during the negotiations the important steps to enhance the banking sector reforms, the most important of which is the contract that the delegation of the Central Bank of Iraq concluded with the company (Oliver Wyman) to conduct a comprehensive review of the conditions of Iraqi banks, especially banks prohibited from dealing in the US dollar, as the company will work to develop practical solutions to reintegrate these banks into the Iraqi and international banking sector,
in addition to improving the level of banks' procedures in line with international standards, as this initiative aims to facilitate the process of establishing direct banking relations, and improve the quality and type of services provided by banks to serve the Iraqi economy, as the company is scheduled to start its work in the coming period. - https://economy-news.net/content.php?id=46987
Al-Sudani Directs The Formation Of A Committee To Review The Financial And Legal Observations Of The Decision To Transfer Oil Companies
Local | 03:25 - 08/31/2024 Mawazine News – Baghdad Prime Minister Mohammed Shia al-Sudani directed today, Saturday, to form a committee to review the Cabinet's decision to transfer the salaries of the Ministry of Oil companies to central financing.
Deputy Prime Minister for Energy Affairs and Minister of Oil Hayan Abdul Ghani said in a statement received by / Mawazine News /, "The government and the Ministry of Oil, in their keenness to support workers in the oil sector, Prime Minister Mohammed Shia al-Sudani directed to form a committee to study and review all financial and legal observations of Cabinet Resolution No. 24600 of 2024 and correct it in a way that ensures the preservation and non-touching of salaries, incentives and profits of members of oil companies and formations."
He added, "This came based on the observations of the Ministry of Oil pursuant to its letters No. (W/644 on 8/21/2024) and (W/666 on 8/28/2024)," stressing that "this issue is receiving attention and follow-up from the leadership of the oil sector, which confirms its keenness to support the rights, duties and interests of workers in oil companies and formations, in a way that ensures a free and dignified life." https://www.mawazin.net/Details.aspx?jimare=254245
Oil Falls In August Amid Supply Concerns
Energy Economy News - Follow-up Oil prices settled lower, as investors assessed expectations that the OPEC+ alliance will increase supplies starting in October.
This is in addition to the fading of hopes for a significant interest rate cut in the United States next month, after US inflation data showed strong consumer spending.
Brent crude futures for October delivery, which expire on Friday, fell $1.14, or 1.43 percent, to settle at $78.80 a barrel, down 0.3 percent on the week and 2.4 percent on the month.
U.S. West Texas Intermediate (WTI) crude futures fell $2.36, or 3.11 percent, to $73.55, down 1.7 percent on the week and 3.6 percent in August.
Six OPEC+ sources told Reuters that the alliance is likely to proceed with a planned gradual increase in oil production from October, at a time when outages from Libya and pledges to cut production by some member states to compensate for overproduction will offset the impact of slowing demand.
Investors, meanwhile, are assessing new data showing U.S. consumer spending rose strongly in July, suggesting continued strength in the economy early in the third quarter, and are seeing no reason for the Federal Reserve to cut borrowing costs by half a percentage point next month.
Lower interest rates could boost economic growth and stimulate demand for oil.https://economy-news.net/content.php?id=46980
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
“Tidbits From TNT” Saturday 8-31-2024
TNT:
Tishwash: Iraq elected to chair the Group of 77 and China at the United Nations
The Ministry of Foreign Affairs announced, today, Saturday (August 31, 2024), the selection of Iraq to chair the Group of 77 and China ( G77 ) at the United Nations for the year 2025, after the Asia-Pacific Group meeting held to discuss Iraq's nomination for this position.
The ministry said in a statement received by "Baghdad Today", that "the Chargé d'Affairs of the Permanent Mission of the Republic of Iraq to the United Nations in New York, Abbas Kazim Obaid, delivered a speech in which he affirmed Iraq's vision for its role during its presidency of the group, highlighting the main axes of work and stressing Iraq's commitment to the basic principles of the group, especially with regard to supporting the goals and aspirations of developing countries in achieving economic, technological, and social development.
TNT:
Tishwash: Iraq elected to chair the Group of 77 and China at the United Nations
The Ministry of Foreign Affairs announced, today, Saturday (August 31, 2024), the selection of Iraq to chair the Group of 77 and China ( G77 ) at the United Nations for the year 2025, after the Asia-Pacific Group meeting held to discuss Iraq's nomination for this position.
The ministry said in a statement received by "Baghdad Today", that "the Chargé d'Affairs of the Permanent Mission of the Republic of Iraq to the United Nations in New York, Abbas Kazim Obaid, delivered a speech in which he affirmed Iraq's vision for its role during its presidency of the group, highlighting the main axes of work and stressing Iraq's commitment to the basic principles of the group, especially with regard to supporting the goals and aspirations of developing countries in achieving economic, technological, and social development.
Obaid stressed that "Iraq will work to provide all the elements of success for this presidency, which is the first for Iraq since the establishment of the group, as Iraq was one of the founding countries 60 years ago.
The statement added, "At the end of the meeting, the resolution was unanimously adopted to support the Republic of Iraq to assume the presidency of the Group of 77 and China ( G77 ), as the member states offered congratulations to Iraq and expressed their readiness to support it in its tasks during this important presidency. In another speech, the Chargé d'Affaires expressed his gratitude for the support and endorsement of the Asia-Pacific Group and its confidence in entrusting this responsibility to Iraq, stressing his readiness to work and cooperate with the member states to achieve common goals.
It is worth noting that the Group of 77 and China is the largest group of countries in the United Nations, with 134 member countries link
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Tishwash: Parliamentary Committee Holds Kurdistan Responsible for Obstructing the Approval of the Oil and Gas Law
Member of the Parliamentary Oil and Gas Committee, Alaa Al-Haidari, strongly criticized the Kurdistan Regional Government, holding it responsible for obstructing the approval of the Oil and Gas Law.
Al-Haidari said in an interview followed by “Al-Eqtisad News” that “there is difficulty in passing the law due to the lack of a political agreement and the regional government’s failure to implement the concluded agreements.”
Al-Haidari pointed out that “several meetings were held in the presence of officials in the Ministry of Oil and government advisors, with the aim of reaching an agreement on the law, but those efforts have not borne fruit so far.”
He added, "The Oil and Gas Law is one of the laws that has been stalled in the House of Representatives, as it has remained on the shelves for more than five parliamentary sessions."
Al-Haidari explained that “the government program included voting on the law in the House of Representatives, and if approved, it will contribute to ending the controversy between the region and the center, and provide fair direction for wealth within the framework of the constitution.”
Al-Haidari concluded his statement by stressing that “the approval of the law will ensure the fair regulation of oil exports and oil and non-oil revenues, which will spare the country further problems and obstacles between the region and the center.” link
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Cutebwoy: CBI launches new phase of international transfers
2024-08-30 14:38
Shafaq News/ The Iraqi Central Bank (CBI) delegation in New York has announced the commencement of a new phase in international transfer operations, involving 13 Iraqi banks.
According to a statement by the bank, this initiative is aimed at diversifying currencies and facilitating global transfers. The statement highlighted that this development follows an agreement on mechanisms to regulate these transactions, which will now include the use of the Euro, Chinese Yuan, Indian Rupee, and UAE Dirham.
The delegation also outlined the role of the international auditing firm E&Y, which will review these transfer operations to ensure compliance with international standards. This move reflects CBI's commitment to maintaining high levels of transparency and security in all foreign transfer operations, thereby bolstering confidence in Iraq's financial system.
This initiative is part of the Central Bank's ongoing efforts to support economic growth and expand international cooperation with global markets, as per the statement.
A knowledgeable source revealed on Thursday that CBI is currently conducting an unannounced visit to the United States to discuss developments in Iraq's banking sector.
According to the source, a delegation led by Central Bank Governor Ali Al-Alaq and several general managers has been in the US since August 26 to discuss recent banking developments and the restrictions on the use of the dollar imposed on many private Iraqi banks.
The discussions also touched on the potential cancellation of the platform early next year, which would shift reliance on correspondent banks, further restricting Iraqi private banks and potentially favoring Jordanian banks with American correspondents.
The source added that CBI is close to signing a contract with the consulting firm Oliver Wyman to conduct a study on reforming Iraq's banking sector, which will serve as a roadmap for future reforms.
Meanwhile, some economists have expressed surprise at the lack of public disclosure regarding the visit, particularly given its significance during this critical period.
EconomyBreakingUSDelegationIraqi Central BankInternational Transfers
Mot: ........ Here We Goooooo
Mot: . Get Ready!!! --- Sooooon!!!
