“Tidbits From TNT” Thursday Morning 11-14-2024
TNT:
Tishwash: Financial inclusion and banking restructuring
The current government 's interest in the banking sector has become striking to the point that it can be said that the government is actually undertaking the "financial inclusion program, whose founders aim to deliver services to all regions of the country and include all societal and age groups with these services with the aim of encouraging all citizens to open bank accounts, and then withdraw the cash mass hoarded by the public, which the Central Bank estimates at about 70 percent of the issued cash, and circulate it in the banking arena activities, with the aim of raising credit rates
TNT:
Tishwash: Financial inclusion and banking restructuring
The current government 's interest in the banking sector has become striking to the point that it can be said that the government is actually undertaking the "financial inclusion program, whose founders aim to deliver services to all regions of the country and include all societal and age groups with these services with the aim of encouraging all citizens to open bank accounts, and then withdraw the cash mass hoarded by the public, which the Central Bank estimates at about 70 percent of the issued cash, and circulate it in the banking arena activities, with the aim of raising credit rates and contributing to creating real development.
On this basis, the Prime Minister's Office's statement came in this regard recently, which referred to some of the challenges facing the efforts to reform the financial and banking system, as one of the priorities of the government program, while the statement identified a number of steps with the aim of confronting these challenges and ensuring the strengthening of confidence in the financial and banking sectors, facilitating the process of economic development, and raising indicators of financial inclusion.
However, the clear intersection between the government's direction and the banking restructuring program indicates a number of observations that are directly related to these steps, such as the contradiction between what was stated in the content of these government steps, and the banks' procedures regarding restructuring, as some government banks have taken steps The issue of restructuring, which was apparently limited to the merger of large numbers of branches of operating government banks, included branches on the outskirts of governorate centers and in the middle of them, which undermined the service area in which these banks operate.
This completely intersects with the financial inclusion program, one of the tools of which the statement specified is “providing banking services to different segments of society, including districts and sub-districts in villages and rural areas.”
The steps mentioned in the statement, which are in the process of intensifying efforts, did not indicate the issue of the conditions previously set regarding raising the capital rates of banks to about 450 billion dinars by the end of December 2024, which obligated all private and government banks in this regard, otherwise these banks will be merged or liquidated, if we know that some government banks whose many branches have been merged still have a large number of branches, and these branches still provide their daily services to large numbers of the public, while they are exposed to merger or liquidation
Even some administrations are unable to make some decisions related to developing services, because they realize that the fate of their banks will end in merger or liquidation, and this is what makes the intersection clear in the government's direction regarding developing the performance of banks and expanding the scope of services with the restructuring program implemented by the relevant authorities. link
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Tishwash: IMF praises positive developments in Iraq in financial and banking aspects
The International Monetary Fund praised, on Wednesday, the positive developments witnessed by Iraq in the financial and banking aspects .
A statement by the Presidency of the Republic received by "Mil" stated that "President of the Republic, Abdul Latif Rashid, received today, Wednesday, at his residence in the Azerbaijani capital, Baku, the Director of the International Monetary Fund, Kristalina Georgieva, as part of His Excellency's participation in the United Nations Climate Conference (COP29)."
He added, "During the meeting, the cooperation relations between Iraq and the International Monetary Fund and ways to enhance them in the context of supporting the development path in Iraq were reviewed. During the meeting, His Excellency the President of the Republic stressed Iraq's endeavor to implement integrated programs and plans to stimulate the economy and support the financial and banking reform process ."
Rashid thanked the International Monetary Fund for what it did to support Iraq's budget during the crises it faced and overcame, stressing the "importance of completing coordination and joint cooperation in order to continue efforts to combat corruption, support investment, and develop the private sector, leading to building a strong, cohesive, and recovering economy ."
For her part, Kristalina explained that "the primary mission of the International Monetary Fund is to provide support to countries' budgets during crises, and this is what the Fund did with Iraq during a difficult period, but it overcame it," praising "the positive developments that Iraq witnessed in the financial and banking aspects and in the field of stimulating the investment environment, which contributed to a decrease in the inflation rate, growth in the non-oil GDP, and implementation of controls that contribute to combating money laundering." link
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TNT: Among them is the population census.. Revealing the details of Al-Sudani’s visit to Kurdistan
Political analyst Ali Al-Baydar confirmed, today, Wednesday (November 13, 2024), that Prime Minister Mohammed Shia Al-Sudani's visit to Kurdistan includes 5 files.
Al-Baydar said in an interview with Baghdad Today that "Al-Sudani's visit to Kurdistan aims to mediate between the Kurdish parties, with the aim of forming the next Kurdistan government, in addition to the file of the general population census, and reassuring the Kurds about the concerns they have."
He added, "The other file is the Turkish efforts to revive peace with the Kurdistan Workers' Party, the Sinjar issue, and the implementation of the agreement with Iran regarding the presence of Iranian opposition parties within the borders of the region."
Al-Baydar pointed out that "the Kurds are a key player and an important partner in the political process, and everyone is trying to win their favor, and Al-Sudani deals as a statesman, and comprehensively with the issues of the homeland, with the region or even the files within Kurdistan."
Prime Minister Mohammed Shia al-Sudani arrived in the Kurdistan Region of Iraq today, Wednesday (November 13, 2024), on a visit that includes the cities of Erbil and Sulaymaniyah.
The visit comes within the framework of the federal government's efforts to enhance cooperation with the Kurdistan Regional Government, and find solutions to issues affecting the relationship between the region and the central government. link
Member: . Helpful Hint on Cooking Ur Turkey This Year!!!
Mot: ...... Just Saying glad Im not a turkey
Iraq Economic News and Points to Ponder Wednesday Evening 11-13-24
What Did Iraq Achieve In Its Meetings With The US Treasury, And Did It Succeed In Controlling The Sale Of The Dollar?
Economy 2024-11-12 | 4,949 views Alsumaria News – Economic The Central Bank of Iraq announced progress in the procedures for controlling external transfers and cash dollar sales and providing protection for the banking and financial sector from the risks of money laundering operations, following the ongoing discussions of the Central Bank of Iraq with the Federal Bank and the US Department of the Treasury.
The bank’s governor, Ali Al-Alaq, said in press statements,
What Did Iraq Achieve In Its Meetings With The US Treasury, And Did It Succeed In Controlling The Sale Of The Dollar?
Economy 2024-11-12 | 4,949 views Alsumaria News – Economic The Central Bank of Iraq announced progress in the procedures for controlling external transfers and cash dollar sales and providing protection for the banking and financial sector from the risks of money laundering operations, following the ongoing discussions of the Central Bank of Iraq with the Federal Bank and the US Department of the Treasury.
The bank’s governor, Ali Al-Alaq, said in press statements,
“The ongoing quarterly meetings with the Federal Reserve Bank and the US Treasury Department within the framework of organizing operations and coordination between the two sides, which have close relations, led to agreement on procedures and formulas that are consistent with best practices and international standards, the latest of which was the plan related to organizing operations.”
External transformation through rebuilding it according to new standards and methods.” Al-Alaq stressed that
"Iraq has achieved 95% progress with regard to procedures for controlling external transfers, cash dollar sales, and providing protection for the banking and financial sector from the risks of money laundering operations."
In July 2023, the US Treasury Department imposed sanctions on 14 banks, preceded by months of similar sanctions that included 4 other Iraqi banks after they were accused of money laundering.
The Iraqi government, through the Central Bank of Iraq, has been continuing its negotiations for about two years with the US Treasury Department to lift sanctions on these banks, all of which are private banks.
The International Monetary Fund Praises The Development Of Financial And Banking Aspects In Iraq
November 13, 2024 Baku / Iraq Observer follow-up Kristalina Georgieva, Director of the International Monetary Fund, today, Wednesday, during her meeting with the Iraqi President, Abdul Latif Jamal Rashid,
praised the positive developments that Iraq has witnessed in the financial and banking aspects and in the field of stimulating the investment environment.
The Presidency of the Republic stated in a statement received by “Iraq Observer,” that
“Rashid received, at his residence in the Azerbaijani capital, Baku, Kristalina Georgieva, Director of the International Monetary Fund, as part of his participation in the United Nations Climate Conference (COP29).” During the meeting,
they “reviewed the cooperation relations between Iraq and the International Monetary Fund and ways to strengthen them in the context of supporting the development path in Iraq,” where the President of the Republic affirmed during the meeting that
“Iraq
is seeking to implement integrated programs and
plans to stimulate the economy and
support the financial and banking reform process. He also thanked the IMF.”
“The international community for what it did to support Iraq’s budget during the crises it faced and overcame.” The President of the Republic also stressed
“the importance of completing coordination and joint cooperation in order to continue efforts to
combat corruption,
support investment, and
develop the private sector in order to
build a strong, cohesive, and recovering economy.”
For her part, Crystalina explained that
“the main mission of the International Monetary Funds is to provide support to countries’ budgets in times of crises, and
this is what the Fund did with Iraq during a difficult period, but it overcame it, and
she praised the positive developments that Iraq witnessed in the financial and banking aspects and in the field of stimulating the investment environment.” https://observeriraq.net/صندوق-النقد-الدولي-يشيد-بتطور-الجوانب/
Financial Inclusion And Banking Structuring
Economical 11/13/2024 Muhammad Sharif Abu Maysam The current government’s interest in the banking sector has become remarkable to the point where it can be said that the government is actually undertaking the “Financial Inclusion Programme,” which
those in charge of it aim to deliver services to all regions of the country and include all societal and age groups with these services with the aim of encouraging all citizens to open bank accounts, and then Withdrawing the public’s hoarded cash mass, which the Central Bank estimates at about 70 percent of the issued cash, and circulating it in the activities of the banking arena, with the aim of raising credit rates and contributing to creating real development.
On this basis, the Prime Minister’s Office recently issued a statement in this regard, which pointed out some of the challenges facing efforts to reform the financial and banking system, as one of the priorities of the government programme, while the statement identified a number of steps with the aim of confronting these challenges and ensuring the strengthening of confidence in the financial and banking sectors. Facilitating the economic development process and raising financial inclusion indicators.
However, the clear intersection between the government’s approach and the banking restructuring program indicates a number of observations that are directly related to these steps, such as the contradiction between what was stated in the content of these government steps, and the banks’ procedures regarding restructuring, as
some government banks have taken great steps in The issue of restructuring, which appears to have been limited to the merger of large numbers of operating government bank branches, which included branches on the outskirts of the governorate centers and in their centre, which undermined the service space in which these banks operate, and
this completely intersects with the financial inclusion program, which determined Al-Bayan is one of its tools by "providing banking services to different segments of society, including districts and sub-districts in villages and rural areas."
The steps mentioned in the statement, which are in the process of intensifying efforts, did not refer to the issue of the conditions that were previously set regarding raising bank capital rates to about 450 billion dinars by the end of December 2024, which obligated all private and government banks in this regard.
Otherwise, these banks will be merged or Liquidation,
if we know that some government banks, many of whose branches have been merged, still have large numbers of branches, and these branches still provide their daily services to large numbers of the public, while they are vulnerable to merger or liquidation, so that some departments are unable to take some Decisions related to developing services, because they realize that the fate of their banks will end in merger or liquidation, and
this is what makes the intersection clear in the government’s approach regarding developing the performance of banks and expanding the scope of services with the structuring program implemented by the relevant authorities. https://alsabaah.iq/105828-.html
Iraq Is Recording 4% Economic Growth And Moving Towards Sustainable Diversification
Economical 11/13/2024 Baghdad: Shukran Al-Fatlawi The increase in growth in the Iraqi economy by 4% reflects the beginning of a positive shift towards sustainable economic diversification.
According to International Monetary Fund forecasts, this growth reflects the country's efforts to reduce dependence on non-renewable natural resources and shift to an economy that relies on other sectors.
Specialists consider that the development project initiated by the government represents a qualitative step towards restructuring the national economy.
They point out that this project includes developing a strong infrastructure, developing the industrial and agricultural sector, in addition to attracting foreign and local investments, which will enhance Iraq's ability to face future economic challenges. In this context, experts point out that
Iraq has already begun implementing some of the recommendations of international conferences, such as the Munich Conference and other economic forums held in Washington and Riyadh, as the government seeks to attract international companies and enhance the role of the private sector in the economy.
The government's approach to multi-pronged development programs is part of a comprehensive strategy aimed at transforming the Iraqi economy from one that relies mainly on oil to one Diverse and sustainable.
Development Plan
The expert in economic affairs, Dr. Adnan Bahia, in an interview with “Al-Sabah,” explained that the
World Bank, in its adoptions regarding Iraq, depends on a large number of important factors, the most important of which is the existence of the development plan for the next five years, which it prepared in a way that guides the development process in Iraq, which is being implemented. Through it, the dispersed development trends are limited to one correct direction.
Government Programme
Bahiya promised the existence of an ambitious government program for the past years and the current year that achieves a large number of achievements, the
most important of which is the work to complete the files of lagging projects, as their number has decreased by more than half, pointing out that this is a good indicator for growth. He noted that the
Economic Process
stability of oil prices, even in light of the unstable political and security atmosphere in the Middle East and the world, where prices range from 70 to 80 dollars per barrel, encourages the continuation of the economic process in the country, since the Iraqi economy depends on oil for 95 percent of its capabilities and revenues. He hinted that the
current policies in the field of combating corruption and returning looted and smuggled funds out of Iraq are important, especially if those funds are exploited to create an advanced industrial, agricultural and service base that will transform the country. In the right direction.
Advanced Ranks
Economic affairs researcher, Suhad Al-Shammari, told “Al-Sabah” that the
International Monetary Fund’s reports confirm that Iraq ranks highly in the Arab world in terms of expected economic growth, amounting to 4 percent, ahead of Morocco, Kuwait, Bahrain, Oman, Algeria, Jordan, and Qatar. Al-Shammari attributed
Correct Planning
the reason for this to the role of the state and the current government in proper management and planning to enhance the growth of the economic sector and protect the local market from the economic fluctuations that are plaguing the region, as well as providing the Iraqi citizen’s requirements for social welfare salaries and a food basket, which made a clear difference in protecting the local market from fluctuations. Exchange rate. She continued that the
investment and service projects that began with the government curriculum and directly with the current government by launching them and the international conferences, in which I participated, including the Munich and Riyadh conferences, brought Iraq back to the global platform. She added that
Foreign Investments
Iraq is an important geopolitical player, possessing the potential to secure foreign investments and joint cooperation between Iraqi and foreign private sectors, stressing that
the country is capable of finding a substitute for oil and has all the solid economic components, as evidenced by the efforts of most countries to contribute to important projects, including the development project, which is considered a transition. Quality in the Iraqi economy. https://alsabaah.iq/105827-.html
Economist: Oil Pollution In The Tigris River Is Causing Iraq Huge Losses
November 13 20:45 Information/special.. Economist Nabil Al-Marsoumi confirmed on Wednesday that Iraq has suffered major financial losses as a result of oil pollution in the Tigris River. Al-Marsoumi said in an interview with the Maalouma Agency,
“Oil pollution and hospital waste in the Tigris River, as well as pollutants emanating from brick factories and oxidized asphalt, lead to great damage at the level of health, agriculture, livestock, and fish deaths.
It also damages drinking water and the air, forcing Iraq to... To spend huge sums of money to purify water and combat pollution in all cities of the country. He added,
"Iraq is among the rare countries in the world that do not count environmental costs, while studies are supposed to be conducted on this subject and the transition to a green economy is encouraged."
Over the past few years, cases of oil pollution have been repeated in the Tigris River, leading to the cutting off of drinking water to some areas, the death of fish, and the damage to crops that rely on river water for irrigation. Ended 25 B
For current and reliable Iraqi news please visit: https://www.bondladyscorner.com/
Seeds of Wisdom RV and Economic Updates Wednesday Evening 11-13-24
Good Evening Dinar Recaps,
RADIAN USES R3’S CORDA DLT TO SMOOTH REAL ESTATE TITLE TRANSFERS
US mortgage and real estate service firm Radian has integrated R3’s Corda enterprise blockchain with its Titlegenius offering. The workflow system for real estate title transfers uses DLT for document storage and data transfer. Rather than a black box, it provides transparency around the title transfer process and claims to cut closing costs by an average of 25%.
Radian has a market capitalization of more than $5 billion, although mortgage insurance is its primary revenue source rather than title services.
Good Evening Dinar Recaps,
RADIAN USES R3’S CORDA DLT TO SMOOTH REAL ESTATE TITLE TRANSFERS
US mortgage and real estate service firm Radian has integrated R3’s Corda enterprise blockchain with its Titlegenius offering. The workflow system for real estate title transfers uses DLT for document storage and data transfer. Rather than a black box, it provides transparency around the title transfer process and claims to cut closing costs by an average of 25%.
Radian has a market capitalization of more than $5 billion, although mortgage insurance is its primary revenue source rather than title services.
Title transfer services typically check the history of the property to ensure there are no surprises. They are not just verifying that the seller is the true title holder, but that there are no longer mortgage or other liens against the property. They frequently provide title insurance just in case they missed something.
Once that’s done, the final deed of transfer is drafted and the transaction proceeds to closing and settlement. The process can include various parties, such as the buyer, the real estate agents, mortgage providers and lawyers. By creating a transparent workflow using DLT, all parties can get an up-to-date record of the status of the transaction.
“The title transfer process is notoriously slow and complex, and we are excited to collaborate with R3 to make this process simpler and more efficient for our clients,” said Steven Stipetich, Radian’s Senior Vice President of Title. “There are many valuable use cases for DLT in the property space like bulk refinancing – already supported by the titlegenius platform.”
Coadjute also uses Corda for real estate sales
Corda is also used by UK property technology firm Coadjute, which does something similar to Titlegenius.
However, its software provides the glue to share data between different real estate software solutions used by the estate agents of the buyer and seller. Corda was incorporated into Coadjute’s software since its founding in 2018. The startup’s backers include UK banks such as Lloyds, Natwest and Nationwide.
@ Newshounds News™
Source: Ledger Insights
~~~~~~~~~
XRP DOCUMENTARY REVEALS RIPPLE-SEC INSIDE STORY: WHEN AND WHERE TO WATCH
▪️XRP documentary exposes Ripple's fight with the SEC; streaming starts November 21.
▪️Second screening tour planned, potential Florida showings to be announced soon.
▪️Ripple CEO absent, but documentary promises exclusive insights and expert commentary.
The wait is over!
Ripple’s highly anticipated documentary, Rigged from the Start: Exposing the SEC’s War on Crypto, is about to premiere, bringing fresh insights into the ongoing legal battle between Ripple Labs and the U.S. Securities and Exchange Commission (SEC).
If you’re eager to understand the full story behind XRP’s legal fight, here’s when and where to catch this revealing film.
Screening Details to Know
The debut of the documentary took place in Scottsdale, Arizona, and was organized by Fruition Productions, a Los Angeles-based film and gaming studio.
The documentary was initially titled “XRP Unleashed,” but it was later changed to “Rigged from the Start” to make it more relatable to a broader audience who might not be familiar with XRP.
Meanwhile, the new title focuses on the SEC’s controversial actions against XRP and its impact on the crypto space.
Audience Demand Grows
Following its Scottsdale debut, Fruition Productions has taken the documentary to seven cities across the U.S., and demand has been so high that more screenings are planned for December.
For those unable to attend a live screening, don’t worry. The documentary will be available to stream on Fruition Productions’ official website starting November 21. There may also be additional screenings in Florida, with updates expected soon.
Meanwhile, the trailer is available to watch on YouTube.
What to Expect from the Documentary
The “Rigged from the Start” documentary offers an exclusive look at the Ripple-SEC conflict, featuring insights from key crypto figures, legal experts, and industry leaders.
Although Ripple CEO Brad Garlinghouse chose not to participate in the film, the documentary still promises to deliver exclusive content and offers a fresh perspective on the fight against the SEC’s regulatory actions.
@ Newshounds News™
Source: Coinpedia
~~~~~~~~~
RIGGED FROM THE START, EXPOSING THE SEC'S WAR ON CRYPTO, Trailer | Youtube
@ Newshounds News™
~~~~~~~~~
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The Fed's Dangerous Path: Ron Paul Reveals the Truth Behind U.S. Monetary Collapse
The Fed's Dangerous Path: Ron Paul Reveals the Truth Behind U.S. Monetary Collapse
Kitco News: 11-13-2024
The Federal Reserve's unchecked power and fiat currency system are under fire as Ron Paul, former U.S. Congressman and Host of @RonPaulLibertyReport calls for major reforms.
Paul argues that the Fed’s authority is unconstitutional, contributing to spiraling national debt, rising inflation, and systemic economic instability.
He highlights how the Fed’s influence, under Jerome Powell, operates without true oversight, posing a direct threat to economic freedom in the United States.
The Fed's Dangerous Path: Ron Paul Reveals the Truth Behind U.S. Monetary Collapse
Kitco News: 11-13-2024
The Federal Reserve's unchecked power and fiat currency system are under fire as Ron Paul, former U.S. Congressman and Host of @RonPaulLibertyReport calls for major reforms.
Paul argues that the Fed’s authority is unconstitutional, contributing to spiraling national debt, rising inflation, and systemic economic instability.
He highlights how the Fed’s influence, under Jerome Powell, operates without true oversight, posing a direct threat to economic freedom in the United States.
Paul also shares his thoughts on Elon Musk's Department of Government Efficiency (DOGE) initiative, supporting the idea of cutting government waste.
However, he stresses that real reform needs to go deeper—such as dismantling the Federal Reserve and adopting sound money like gold.
Warning of an inevitable financial crisis if reliance on fiat currency continues, Paul predicts that gold could double, triple, or even quadruple in value as more people seek refuge from the weakening dollar.
00:00 Coming Up
01:38 Introduction
02:24 Jerome Powell's Controversial Statement
03:16 The Federal Reserve's Unchecked Power
07:03 Trump's Influence on Fed Policy
07:28 The Role of the President in Monetary Policy
09:09 The Need for Auditing the Federal Reserve
10:25 Public Backlash Against the Federal Reserve
18:11 Elon Musk and Vivek Ramaswamy's Department of Government Efficiency (DOGE)
24:32 Dr. Ron Paul's Views on Gold
Short Wednesday Evening News With MarkZ 11-13-2024
Short Wednesday Evening News With MarkZ
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Evening- Anyone else feeling (and praying) we are close?
Member: Mike Bara and Jen had some interesting tidbits in their show today... Maybe our new currency will be announced soon!??
Short Wednesday Evening News With MarkZ
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good Evening- Anyone else feeling (and praying) we are close?
Member: Mike Bara and Jen had some interesting tidbits in their show today... Maybe our new currency will be announced soon!??
Member: Hi Mark is there a chance that whales are being handled during the Forex higher rate tests? A way to go under the radar?
MZ: I highly doubt it but, not going to rule it out.
Member: will the US dollar RV like the other currencies?
Member: If the USD becomes gold backed….it will finally be worth a dollar……the fiat dollar is only worth a few cents right now.
Member: Hasn’t Iraq said they are going to be the financial savior of the world? If so – do they have to have a higher rate then Kuwait?
MZ: If Iraq is going to be the financial savior of the world (according to Jaime Dimon) then it may have to have a higher rate than Kuwait. Sudani said the dinar would go back to its former glory and would be the most valuable currency in the world.
MZ: He also said the revaluation would be done by Victory day…which is December 10th.
MZ: “Parliamentarian reveals the suspension of the Oil and Gas Law “Territorial Differences” This is the HCL…..They say they have to resolve these points. I think it’s already done…..What I am hearing from Iraq is very different then what is printed in the paper. Now right before Kuwait RV’d…we had the same type of articles. And then BAM- they did it…..on the same day. Similar story in China when they RV’d. Mixed stories are on purpose so we do not know the timing….
MZ: “Oil Minister A consultant will be appointed within 60 days to recalculate the amount of crude in Kurdistan” Who thinks they do not already know how much crude is being produced? Believe me- they already know…..I am excited watching this play out.
MZ: “Planning confirms the implementation of a proactive process for the population census tomorrow-Thursday” In a few hours the census will be well underway. Great stuff coming out of Iraq today..
Member: With the census the government is closed…and a curfew is enacted……would be a good time to pull the trigger.
MZ: I have heard nothing from redemption folks and nothing from bonds today.
Member: Mark- Nader said IQD on forex, I wonder what does that mean for us?
MZ: There are still some trading restriction on the IQD…but, this tells us they are preparing for that international status. We should start being excited.
Member: Hey guys. Does anybody know what website is showing that IQD is revalued? I keep hearing it is but I have a 4X account that says not.
MZ: It only showed it for 20 minutes or so. Tons of folks took Screen shots.
Member: TNT thinks we should be happy by Saturday. Big celebrations in Zurich, apparently..
Member: Praying it does go over the weekend!!
Member: I hope we have a gold backed “Banksgiving” this year
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!
Bruce’s Big Call Dinar Intel Tuesday Night 11-12-24
Bruce’s Big Call Dinar Intel Tuesday Night 11-12-24
Transcribed By WiserNow Emailed To Recaps
I welcome everybody the big call tonight. It's Tuesday, November 12TH and you're listening for the big call. I hope everybody had a wonderful Veterans Day. Yesterday was a bank holiday, Federal holiday, and what is Bob usually says our week starts at nine o'clock Eastern time on Tuesday night, which is tonight. So let's do this. I want to welcome everybody that is listening. Thank you for tuning in yet again. Let's go ahead and pray the call in
All right, let's get into where we are on Intel, this has been a very slow day. Intel wise, we did get a little bit at the last minute about, oh, I'd say, four hours, maybe before the big call started. And I always like to get it and refresh it and fine tune what I can get the day of the call, because it's, it is just that it's fresh. So here's where we are.
Bruce’s Big Call Dinar Intel Tuesday Night 11-12-24
Transcribed By WiserNow Emailed To Recaps
I welcome everybody the big call tonight. It's Tuesday, November 12TH and you're listening for the big call. I hope everybody had a wonderful Veterans Day. Yesterday was a bank holiday, Federal holiday, and what is Bob usually says our week starts at nine o'clock Eastern time on Tuesday night, which is tonight. So let's do this. I want to welcome everybody that is listening. Thank you for tuning in yet again. Let's go ahead and pray the call in
All right, let's get into where we are on Intel, this has been a very slow day. Intel wise, we did get a little bit at the last minute about, oh, I'd say, four hours, maybe before the big call started. And I always like to get it and refresh it and fine tune what I can get the day of the call, because it's, it is just that it's fresh. So here's where we are.
We were anticipating, and I believe I brought this up on Thursdays call, we were anticipating getting notified today and exchanging either today, if we got some numbers early enough, or tomorrow, which is Wednesday.
Well, we didn't get notified today, but that part didn't happen for us, and it seems that what is happening now is when we talk to people, we get bankers, we get redemption centers, we get we get, sometimes we get other sources, sometimes we hear from some of these guys - And today, was one of those days where we got one piece of Intel, one piece but it might be all we need,
And Here's how it went, we did speak to someone who is at a redemption center. This person said that they were told that they were waiting for the US, the new US Treasury, to make an announcement.
Now we don't know they're making an announcement to the leaders of the redemption centers, to all of us, the US. We're not quite sure, but this announcement was supposed to come out and then the redemption center leaders and the people that are putting out the information to all the redemption centers across the country are to receive an email from Wells Fargo that would give them our Start Time and everything that we find out so that we get some idea of when we're going to be notified.
Now that's an announcement from the new US Treasury and the email from Wells Fargo, both of those to happen within next three days. Now we have to use Wednesday, Thursday and Friday. Those are our next three days. Now it could happen anytime those three days, or it might take all the way to Friday.
But I felt like, what's interesting is we don't always get everything that we're looking for, but we might get just what we need to hear. And even though we don't have everything, this information is sufficient. God's grace is sufficient for us. And I look at this as this is God telling us to just hang in there a little longer. We're almost done. Let's go ahead and get these. -
Get this announcement from the US Treasury, the new US Treasury, and let's get the email to come out from Wells Fargo to us and see where we stand at that point, all within the next three days, between Wednesday, Thursday and Friday.
Now, beyond that, I just want to say there was some information out that I heard about today that was dealing with med beds, and it went on and on and on into a long plan or timeline that gave us med beds in the hospitals and so on and so forth, into well, into next year and into actually starting next summer.
Well, let me give you a little update on what really is happening on med beds. This information was partially correct and partially not correct.
What I'm going to tell you is what is and what is real. We talk to people that are in charge of putting the med beds in med bed centers and training military to administer those all around North America. That means Canada, the US and Mexico.
But we also know that this is happening in other parts of the world as well, but I can tell you that right now in Canada and the United States, we have 38,400 med bed centers that are outfitted with two med beds in each one Well, that's quite a few.
Now, I believe we in the United States, probably around ….. ? we have plenty, and they're going to be making more, and they're going to be putting in - Now where the hospital comes into play. Take all the hospitals we have now, the information I'm hearing is that 80, 80% of those hospitals will be closed or sold in the coming year, leaving us 20% of the hospitals still in business.
But hospitals will no longer be considered like we see now. There will be healing centers, and yes, they will get med beds again, possibly what was written that might be fairly accurate, starting in January or March, but the med beds we have available right now, are waiting for us to go - just as soon as we start our exchanges –
Once we exchange. and redeem our Zim, we let the people know, yes, I am a candidate for the med bed I have if you have a dire need, you know blindness counts as dire need, for example –
You let them know, and they will enter something and make sure that you are notified very quickly. You will be able to get into the med bed and get it all squared away.
So obviously, I'm looking forward to that as many of you are as well, and each of you zim holders do get a priority. They do get priorities – they want us to be around a long time to see our projects through the completion. So that's a very good thing – We are going to be one of the first ones to get in, if you're, a dire need and a zim holder, you've got, you've got the holy grail to get in. So don't be misaligned by certain things that you're reading.
As I said some of that was correct, but some of it does not take into consideration that those of us who are paying attention to the big calls that are getting ready for your exchanges and your zim to be redeemed we're the first in line. We're ready to go. Dire need, and zim holder is the first to go.
So keep that in mind, we're coming into a really important time to get our exchanges started to redeem zim, There's a lot of changes getting ready to happen. And that's really what I wanted to talk about tonight, not a lot of Intel, just, you know, a little bit, but enough for us to know that we're supposed to start within the next days, we need a an announcement from the new category, and then we need from Wells Fargo to the leaders of the redemption centers. And then they get their notification. We get our notification, and then we go.
So let's go ahead and pray the call out
Bruce’s Big Call Dinar Intel Tuesday Night 11-12-24 REPLAY LINK Intel Begins 1:06:06
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Seeds of Wisdom RV and Economic Updates Wednesday Afternoon 11-13-24
Good Afternoon Dinar Recaps,
UK LIKELY TO ISSUE DIGITAL GILTS WITHIN THE NEXT TWO YEARS – REPORT
Yesterday, state-owned French development bank Caisse des Dépôts et Consignations (CDC) issued a €100m ($108m) digital bond settled using the Banque de France’s DL3S DLT platform using its pilot wholesale central bank digital currency (wCBDC).
The transaction formed part of the European Central Bank’s wholesale DLT settlement trials which are due to end this month.
The Banque de France avoids using the term wholesale CBDC, instead referring to it as a tokenized representation of central bank money.
Good Afternoon Dinar Recaps,
UK LIKELY TO ISSUE DIGITAL GILTS WITHIN THE NEXT TWO YEARS – REPORT
Yesterday, state-owned French development bank Caisse des Dépôts et Consignations (CDC) issued a €100m ($108m) digital bond settled using the Banque de France’s DL3S DLT platform using its pilot wholesale central bank digital currency (wCBDC).
The transaction formed part of the European Central Bank’s wholesale DLT settlement trials which are due to end this month.
The Banque de France avoids using the term wholesale CBDC, instead referring to it as a tokenized representation of central bank money.
For the CDC issuance, it required synchronizing the issuance of the digitally native note (DNN) on Euroclear’s D-FMI platform with the settlement on the central bank’s DL3S. The DNN was issued in bearer form under French law.
“Choosing (the) Banque de France’s full DLT interoperability solution for settling the cash leg of this issuance stresses the importance of tokenised Central Bank Money for the development of the tokenisation of finance,” said Emmanuelle Assouan, Director General Financial Stability and Operations at Banque de France.
“The operation, performed under CSDR, allowed (the) Banque de France to enrich its connectivity solutions by setting-up a new interoperability link between the 2 DLTs, on top of the HTLC and SWIFT protocols.”
HTLC refers to a Hashed Timelock Contract which is an escrow-like mechanism in which the money is locked on one DLT, and the asset on the other. If the money is not claimed during the timelock period, the locks can be released.
Euroclear and the central bank worked together on the interoperability solution.
BNP Paribas’ Securities Services was the issuing agent for the transaction, with Crédit Agricole CIB and Natixis CIB as dealers.
Paris Europlace, the French association that supports the Paris financial market, created a working group of banks and asset managers to help in coordination.
ECB trials and France’s DL3S
Meanwhile, the French pilot CBDC solution has been used for some other digital bond issuances. They include a €30 million sovereign bond issued by Slovenia and a small ABN AMRO commercial paper issuance. There were also several other DL3S experiments that involved simulations.
@ Newshounds News™
Source: Ledger Insights
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SEC APPROVES COINCHECK AS FIRST JAPANESE CRYPTO EXCHANGE ON NASDAQ
Coincheck is set to make history as the first Japanese crypto exchange to list on Nasdaq, following SEC approval.
Coincheck, a cryptocurrency exchange headquartered in Tokyo and a subsidiary of Monex Group, is expected to become the first to debut on the Nasdaq Global Market as early as Dec. 10.
On Nov. 13, the United States Securities and Exchange Commission approved the exchange’s application to list on the Nasdaq.
The move, set to occur through a merger with Thunder Bridge Capital Partners (TBCP), marks the first time a Japanese crypto exchange will be listed on a US stock exchange.
The merger with TBCP, a special acquisition purpose company (SPAC), will enable Coincheck to remain a consolidated subsidiary of Monex Group after the listing. It could also encourage other Japanese exchanges to pursue similar moves.
SEC application approval
The SEC’s approval follows the Japanese crypto exchange’s filing of a Form F-4 registration statement on Nov. 7, which became effective on Nov. 12.
With the SEC green light, TBCP can now proceed to hold a shareholder vote on Dec. 5 to approve and finalize the business combination, a necessary step for the listing to proceed.
If the shareholders vote in favor, the merger with TBCP will close, and Coincheck is set to be officially listed on the Nasdaq as soon as Dec. 10, trading under the ticket CNCK.
Nasdaq listing implications
The planned Nasdaq listing would be a significant development for Japan and the US. If the merger is finalized, it will deepen global market integration, potentially inspiring other Japanese crypto exchanges to pursue listings in international markets.
The listing could attract more international crypto firms to American markets for the US, reinforcing the country’s expected pro-crypto regulatory stance under President-elect Donald Trump’s incoming administration.
SEC influence over crypto
The SEC has shaped crypto in the US through its rigorous oversight of digital assets, exchanges and firms, including issuing multiple Wells notices.
Consensys CEO Joe Lubin, in an interview with Cointelegraph at Devcon 2024 in Thailand, criticized the SEC for restricting innovation in the crypto industry.
Consensys also issued an open letter to the next US president, calling for supportive regulations for crypto and Web3 — a sentiment Lubin echoed at Devcon 2024, where he expressed hope for a smooth transition in SEC leadership.
@ Newshounds News™
Source: CoinTelegraph
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@ Newshounds News™
Source: Seeds of Wisdom Team RV Currency Facts
~~~~~~~~~
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Thank you Dinar Recaps
15 Lessons Rich Parents Teach Their Kids
15 Lessons Rich Parents Teach Their Kids
Alux
00:00 - Intro
00:28 - Understanding how money works
01:36 - The difference between an asset and a liability.
03:08 - They are not entitled to anything.
04:33- How to be sociable and connect with other people.
05:27 - Increasing income instead of lowering expenses.
07:52 - How to create daily habits that give them incredible advantages.
09:09 - Money is a tool, and it's a good thing.
10:23 - Stop expecting immediate results and avoid magical thinking.
11:63 - Knowledge is more valuable than money in the long run.
13:37 - Don't work for money. Have money work for you.
14:46 - Solving problems is the quickest way to get rich.
15:38 - Not to waste time on things that do not correlate to the real world.
16:25 - How to use good debt instead of bad debt.
17:39 - 80% of the results come from 20% of the effort.
18:49 - Having money doesn't make you a better person.
More News, Rumors and Opinions Wed. Afternoon 11-13-2024
KTFA:
Clare: Private Banks Association: Iraq to adopt advanced trade finance system by end of 2024
Baghdad
The Iraqi Private Banks Association announced, on Wednesday, a move to adopt an advanced trade finance system by the end of the year.
The Executive Director of the Iraqi Private Banks Association, Ali Tariq, told the official agency, which was followed by "Al-Eqtisad News", that "work on the foreign trade financing platform began at the beginning of 2023 and is witnessing significant development," indicating that "it is expected that by the end of the year there will be a transition to another more advanced and accurate system to enhance control over foreign transfers related to trade."
KTFA:
Clare: Private Banks Association: Iraq to adopt advanced trade finance system by end of 2024
Baghdad
The Iraqi Private Banks Association announced, on Wednesday, a move to adopt an advanced trade finance system by the end of the year.
The Executive Director of the Iraqi Private Banks Association, Ali Tariq, told the official agency, which was followed by "Al-Eqtisad News", that "work on the foreign trade financing platform began at the beginning of 2023 and is witnessing significant development," indicating that "it is expected that by the end of the year there will be a transition to another more advanced and accurate system to enhance control over foreign transfers related to trade."
He explained that "the new system will depend on correspondent banks instead of the current mechanisms, as each bank will have the ability to conduct transfers according to its capabilities and possession of correspondent accounts, whether in American banks or other banks that provide transfer services in different currencies."
He added, "This process will remain the same for the public and merchants wishing to transfer, as the requirements will not change significantly, but the accuracy of transfer operations will improve through the activation of control systems and regulations imposed by correspondent banks."
He stressed that "this transformation will increase public confidence in the Iraqi banking sector, as local banks will adhere to the instructions and mechanisms of international correspondent banks, which will enhance work within strict international systems and agreements."LINK
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Clare: Minister of Commerce: The government has developed a roadmap for developing the national economy
11/13/2024 Baghdad - WAA - Hassan Al-Fawaz
Minister of Commerce Athir Al-Ghurairi confirmed today, Wednesday, that the government has developed a roadmap for developing the national economy, noting that the private sector is witnessing a remarkable recovery thanks to government support.
Al-Ghariri told the Iraqi News Agency (INA): "The government has begun implementing economic reforms through new legislation," noting that "many laws have been sent to the House of Representatives for approval."
He added, "These reforms represent a 'reform revolution' that the Iraqi people may not notice at the present time, but it will soon become clear to citizens, businessmen and project owners."
The Minister explained that "the government has begun practical steps to support important sectors such as the pharmaceutical industry, as this sector has witnessed a remarkable recovery as a result of effective government policies, in addition to localizing other industries."
He pointed out that "the government has taken new regulatory steps through the Ministry of Trade Law, which allows for the issuance of accurate and clear data, which helps in setting a roadmap for local and international businessmen and investors," expressing his "optimism about the future of the Iraqi economy." LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Militia Man Once the dollars run out because there's no more smuggling going on, the new digital transformation has taken place, the new systems in place, the dollar itself in the country is going to drop up quickly. They change the exchange rate of the Iraqi dinar to be stronger than the U.S. dollar that [black] market is going to tank. A lot of people are going to be painfully hurt. It's their bad. They've been warned...The bottom line is the black market is about to take a beating. Supply is running short with the dollars. They've been put on notice...It looks positive for all of us...
Mnt Goat It’s almost mid-November already and still no solid announcement from the CBI of the conducting the Project to Delete the Zeros. NO, the RV has not yet happened. The U.S. election is now over and so we should expect some information on this soon, if they are still going along with the target of early January 2025, as I was told. I know we heard this in the past previous years and yes this was the plan back then too. But we are here now and it’s a new fiscal year coming for Iraq and, as we all read in the recent news, Iraq could not be in a better position to get their currency returned to them.
THE SKYROCKETING STOCK MARKET IS A SYMPTOM OF A DELIBERATE SYSTEMIC BREAKDOWN.
Greg Mannarino: 11-13-2024
Coffee with MarkZ and Andy Schectman. 11/13/2024
Coffee with MarkZ and Andy Schectman. 11/13/2024
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good morning Mark, Mods and ZFamily. I hope you all slept well and that you all have a great day
Member: It’s a great time to be alive …….We are almost there.
Member: What news do you have for us today Mark?
Coffee with MarkZ and Andy Schectman. 11/13/2024
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Good morning Mark, Mods and ZFamily. I hope you all slept well and that you all have a great day
Member: It’s a great time to be alive …….We are almost there.
Member: What news do you have for us today Mark?
Member: Are we waiting for the Iraq census to be finished? I believe it starts on the 20th or so and goes for several days. Iraq gov is shut down and there will be a curfew during those days
MZ: I have not heard we have to wait for the census to be done.
Member: Still on an RV high from the “glitch” or “testing” yesterday!!!! Whoo hoo!!! Nadar latest video actually says it’s going to keep happening as it’s proof it’s in forex.
Member: Nader is saying the rate is changing up and down because dinar is on forex being traded by banks
Member: GoldiLocks, mountain goat & Nader believe that January is go time for IQD, then we see IQD flux on google and rumors Sudani said he wants it done by Dec 10 but then Dec 31 auctions to end…thoughts?
Member: in Iraq- Sudani said the auctions would end by the end of the year. Doesn’t mean they can’t end earlier.
MZ: Not a huge amount on the bond side today. I did speak with one of my of my largest bond folks who said they have not received their 1% yet but they are very much convinced at the highest level that this will be done in the calendar year of 2024. Of course none of know the date.
Member: Even if we have to wait until Jan 1st…..I am not giving up…
MZ: I have another contact who believes things will be wrapped up in the next 7 days. I will take either one……but hope for sooner rather than later.
MZ: out of Iraq: “Al Sudani stresses Iraq’s sovereignty and cooperation with the region to resolve outstanding files.” This is in the Erbil region. They are sitting down to work out their final things. Sudani is pointing out to them that Iraq is sovereign. That is my favorite word in articles I am reading today.
MZ: “President of the Republic and the Crown prince of Kuwait affirm strengthening relations and resolving outstanding files” they are saying they have mutual interests and want to strengthen things. Why is this important? Settlements from the Iraqi –Kuwaiti war. This is one of the things that has to be completely resolved as they move forward.
MZ: “ Saadi Ahmed Bureh : the Census should have been carried out after the implementation of article 140” After? HCL? Has it already been implemented? Am I missing something? I think they are telling us something.
Member: Remember Many times things are not printed in Iraq until after it’s already done.
Member: there are sure lots of articles and economist now talking about ending the Fed and gold backed currency…..That is exciting.
Member: Lots of things happening…….all over…..and good things finally – not just bad
MZ: Yes we can see the light at the end of the tunnel.
Member: I'm thinking today would be a great day to retire. could we please flip the switch.
Member: Have a good day and keep your thoughts positive…..Thanks Mark, and Andy.
Andy Schectman from Miles Franklin joins the stream about minute 30. Please listen to the replay for his thoughts and opinions.
THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...
Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Iraq News Highlights and Points to Ponder Wednesday AM 11-13-24
Central Bank Announces Progress In Dollar Control Procedures
Central Bank of Iraq Banks Economy News – Baghdad The Central Bank of Iraq announced progress in monitoring foreign transfers and cash dollar sales and providing protection for the banking and financial sector from the risks of money laundering, following the ongoing discussions of the Central Bank of Iraq with the Federal Reserve and the US Treasury Department.
The bank's governor, Ali Al-Alaq, said in statements to Al-Hurra website, followed by Al-Eqtisad News, that "the ongoing quarterly meetings with the Federal Reserve and the US Treasury Department within the framework of organizing operations and coordination between the two sides, which have close relations, led to an agreement on procedures and formulas that are consistent with best practices and international standards, the latest of which was the plan related to organizing foreign transfer operations by rebuilding them according to new standards and methods."
Central Bank Announces Progress In Dollar Control Procedures
Central Bank of Iraq Banks Economy News – Baghdad The Central Bank of Iraq announced progress in monitoring foreign transfers and cash dollar sales and providing protection for the banking and financial sector from the risks of money laundering, following the ongoing discussions of the Central Bank of Iraq with the Federal Reserve and the US Treasury Department.
The bank's governor, Ali Al-Alaq, said in statements to Al-Hurra website, followed by Al-Eqtisad News, that "the ongoing quarterly meetings with the Federal Reserve and the US Treasury Department within the framework of organizing operations and coordination between the two sides, which have close relations, led to an agreement on procedures and formulas that are consistent with best practices and international standards, the latest of which was the plan related to organizing foreign transfer operations by rebuilding them according to new standards and methods."
Al-Alaq added, "Iraq has achieved 95% progress in terms of monitoring procedures for foreign transfers and cash dollar sales, and providing protection for the banking and financial sector from the risks of money laundering operations."
The Iraqi government, through the Central Bank of Iraq, has been continuing its negotiations for about two years with the US Treasury Department to lift sanctions on some private banks operating in Iraq. https://economy-news.net/content.php?id=49759
Financial Inclusion And Banking Restructuring
Economic 2024/11/13 interest in the banking sector has become striking to the point that it can be said that the government is actually undertaking the "financial inclusion program, whose founders aim to deliver services to all regions of the country and include all societal and age groups with these services with the aim of encouraging all citizens to open bank accounts, and then withdraw the cash mass hoarded by the public, which the Central Bank estimates at about 70 percent of the issued cash, and circulate it in the banking arena activities, with the aim of raising credit rates and contributing to creating real development.
On this basis, the Prime Minister's Office's statement came in this regard recently, which referred to some of the challenges facing the efforts to reform the financial and banking system, as one of the priorities of the government program, while the statement identified a number of steps with the aim of confronting these challenges and ensuring the strengthening of confidence in the financial and banking sectors, facilitating the process of economic development, and raising indicators of financial inclusion.
However, the clear intersection between the government's direction and the banking restructuring program indicates a number of observations that are directly related to these steps, such as the contradiction between what was stated in the content of these government steps, and the banks' procedures regarding restructuring, as some government banks have taken steps
The issue of restructuring, which was apparently limited to the merger of large numbers of branches of operating government banks, included branches on the outskirts of governorate centers and in the middle of them, which undermined the service area in which these banks operate.
This completely intersects with the financial inclusion program, one of the tools of which the statement specified is “providing banking services to different segments of society, including districts and sub-districts in villages and rural areas.”
The steps mentioned in the statement, which are in the process of intensifying efforts, did not indicate the issue of the conditions previously set regarding raising the capital rates of banks to about 450 billion dinars by the end of December 2024, which obligated all private and government banks in this regard, otherwise these banks will be merged or liquidated,
if we know that some government banks whose many branches have been merged still have a large number of branches, and these branches still provide their daily services to large numbers of the public, while they are exposed to merger or liquidation,
even some administrations are unable to make some decisions related to developing services, because they realize that the fate of their banks will end in merger or liquidation, and this is what makes the intersection clear in the government's direction regarding developing the performance of banks and expanding the scope of services with the restructuring program implemented by the relevant authorities. https://alsabaah.iq/105828-.html
Iraq Records 4% Economic Growth, Moves Towards Sustainable Diversification
Economic 2024/11/13 The 4% growth in the Iraqi economy reflects the beginning of a positive shift towards sustainable economic diversification. According to the International Monetary Fund’s expectations, this growth reflects the country’s efforts to reduce dependence on non-renewable natural resources and shift to an economy that relies on other sectors.
Experts consider the development project initiated by the government to be a qualitative step towards restructuring the national economy. They point out that this project includes developing a strong infrastructure, developing the industrial and agricultural sectors, in addition to attracting foreign and local investments, which will enhance Iraq’s ability to face future economic challenges.
In this context, experts point out that Iraq has already begun implementing some of the recommendations of international conferences, such as the Munich Conference and other economic forums held in Washington and Riyadh, as the government seeks to attract international companies and enhance the role of the private sector in the economy.
The government’s move towards multi-pronged development programs is part of a comprehensive strategy aimed at transforming the Iraqi economy from an economy that relies primarily on oil to a diversified and sustainable economy.
Development Plan
Economic expert Dr. Adnan Bahiya explained in an interview with "Sabah" that the World Bank in its adoptions for Iraq depends on a large number of important factors, foremost of which is the existence of a development plan for the next five years, which it prepared in a directed way for the development process in Iraq, through which the scattered development trends are limited to one correct direction.
Government Program
Bahiya promised the existence of a government program for the past years and the current year, with the ambition that achieves a large number of accomplishments, foremost of which is working to end the files of stalled projects, as their number has decreased by more than half, noting that this indicator is good for growth.
Economic Process
He noted that the stability of oil prices, even in light of the unstable political and security atmosphere in the Middle East and the world, where prices range between 70 and 80 dollars per barrel, encourages the continuation of the economic process in the country, as the Iraqi economy depends on oil for 95 percent of its capabilities and revenues.
He pointed out that the current policies in the field of combating corruption and returning looted and smuggled funds outside Iraq are important, especially if these funds are used to create an advanced industrial, agricultural and service base that will move the country in the right direction.
Advanced Ranks
Economic researcher Suhad Al-Shammari explained to "Sabah" that the International Monetary Fund reports confirm that Iraq has advanced ranks in the Arab world in terms of expected economic growth, amounting to 4 percent, outperforming Morocco, Kuwait, Bahrain, Oman, Algeria, Jordan and Qatar. "
The Right Planning
Al-Shammari attributed the reason for this to the role of the state and the current government in proper management and planning to enhance the growth of the economic sector and protect the local market from the economic fluctuations that are sweeping the region, in addition to providing the requirements of the Iraqi citizen from social welfare salaries and a food basket, which made a clear difference in protecting the local market from exchange rate fluctuations.
She added that the investment and service projects that began with the government program and directly with the current government by launching them and the international conferences in which it participated, including the Munich and Riyadh conferences, have returned Iraq to the global platform.
Foreign Investments
She added that Iraq is an important geopolitical player, possessing the potential to secure foreign investments and joint cooperation between the Iraqi and foreign private sectors, stressing that the country is capable of finding a substitute for oil and has all the solid economic components, as evidenced by the efforts of most countries to contribute to important projects, including the development project, which is a qualitative shift in the Iraqi economy. https://alsabaah.iq/105827-.html