Economics, News DINARRECAPS8 Economics, News DINARRECAPS8
Global Economic News from the Seeds of Wisdom Team Newshounds Wednesday AM 6-26-24
Good Morning Dinar Recaps,
Why the French and UK elections matter for investors As two of Europe’s three largest economies head to the polls, what are markets telling us about the political landscape? Goldman Sachs Research’s Sharon Bell and George Cole explain how France’s looming parliamentary elections are affecting French stocks and bonds, while UK financial markets have been relatively stable ahead of the country’s general election.
Global Economic News from the Seeds of Wisdom Team Newshounds Wednesday AM 6-26-24
Good Morning Dinar Recaps,
Why the French and UK elections matter for investors
As two of Europe’s three largest economies head to the polls, what are markets telling us about the political landscape? Goldman Sachs Research’s Sharon Bell and George Cole explain how France’s looming parliamentary elections are affecting French stocks and bonds, while UK financial markets have been relatively stable ahead of the country’s general election.
Read more:Goldman Sachs
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China’s currency is not as influential as once imagined Its share of international reserves has stalled
Chinese officials seem pleased with the yuan’s recent progress as a global currency. The international monetary system is diversifying at an accelerating pace, said Pan Gongsheng, the governor of China’s central bank, in March. The yuan has become the fourth-most active currency in global payments, he noted. In trade finance, it now ranks third. And according to the central bank’s data, about half of China’s transactions with the rest of the world (for financial assets, as well as goods) are now settled in yuan.
Read more:Economist
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India digital currency transactions slump after reaching initial c.bank target, sources say
Usage of India's digital currency, the e-rupee, has slumped to just a tenth of the peak hit in December, four sources said, reflecting the struggles several countries have experienced in trying to generate public support for digital currencies.
The achievement came only after banks were asked to push up transactions by offering incentives to retail users and disbursing a portion of bank employees' salaries using the e-rupee.
But now that the push has diminished, daily transaction numbers have fallen to about 100,000, said two of the sources, who are directly involved in the pilot.
This shows there is little organic demand to use the e-rupee, said a third source, a banker involved in the project.
Read more:Reuters
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Fed’s Bowman ready to hike interest rates again if inflation disappoints
A rate-setter at the US Federal Reserve raised the possibility that interest rates could be raised even higher if progress on defeating inflation was not maintained.
At an event in London, Michelle Bowman, a rate-setter at the Fed, said she was “willing to raise” interest rates again “should progress on inflation stall or even reverse”.
Read more:City AM
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Central Banks Urged to Adapt Rapidly to AI Advances, Says BIS Report
The Bank for International Settlements (BIS) has emphasized the urgent need for central banks to elevate their efforts in addressing the transformative impacts of artificial intelligence on global economies and financial systems. This comes from a detailed report published by BIS, highlighting the rapid advancements and potential disruptions brought about by generative AI technologies, such as large language models like ChatGPT.
The report, from the Financial Times, underscores the awareness among global financial authorities about the necessity to keep pace with the innovations driven by AI. According to the BIS, which provides banking services to central banks worldwide, AI is poised to be a “game changer” across various activities, significantly influencing the broader economy and financial landscape.
Read more:PYMNTS
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News, Personal Finance DINARRECAPS8 News, Personal Finance DINARRECAPS8
Ex-Millionaires Are Revealing How They Lost All Their Money, And I'm Actually Speechless
BuzzFeed Tue, June 25, 2024
Reaching millionaire status is a feat people dream of achieving. But unfortunately, having millions of dollars doesn't mean you're invincible, as evidenced by redditor u/HypnoticMushrooms, who asked people to share how they or someone they knew became an "ex-millionaire." I'm genuinely surprised at how some of these people weren't responsible with their money. Here are some of the most insightful stories:
1."COVID-19. I built a business that was given a valuation of a few million back in January, but the industry went down, and I'm doing all I can now to avoid bankruptcy."
Ex-Millionaires Are Revealing How They Lost All Their Money, And I'm Actually Speechless
BuzzFeed Tue, June 25, 2024
Reaching millionaire status is a feat people dream of achieving. But unfortunately, having millions of dollars doesn't mean you're invincible, as evidenced by redditor u/HypnoticMushrooms, who asked people to share how they or someone they knew became an "ex-millionaire." I'm genuinely surprised at how some of these people weren't responsible with their money. Here are some of the most insightful stories:
1."COVID-19. I built a business that was given a valuation of a few million back in January, but the industry went down, and I'm doing all I can now to avoid bankruptcy."
2."I dated a guy who unexpectedly inherited $6 million. His parents had been killed in a drunk driving accident when he was a baby, and so their life insurance and money from a legal settlement sat in an account collecting interest for 18 years. He got a call from a lawyer on his 18th birthday, and that's how he found out about it. He went nuts. Every time I saw him, he had a new car.
He bought an extravagant house and insisted on taking these big vacations. He would go to our local comic shop and buy EVERYTHING. His spending was a major factor in why we broke up. It was all too much, watching him blow through money like that. He didn't invest any of it. He blew through all his money in five years. Last I saw him on Facebook, he was destitute."
3."I built a business worth around $3 million, had a house worth $1.4 million, investments worth more than $2 million, and had four nice cars. Divorce laid me low. An ex-wife, a lawyer, and a judge stripped me of at least 75% of that. I was left with a Miata race car, a bit of money, and 51% of my company.
And I still had to pay alimony. I gave up. I negotiated my way out of alimony by giving up more of the company and liquidating everything else.
I bought a boat and f*cked off. 26 months later, I sailed back into my life and started over. I've earned enough to live a modest retirement, and that's where I am today. Don't get married, boys. I've done it twice. The first time was a disaster, and the second time was an annoyance. Just my opinion and experience."
4."A family member of mine did very well in tech. He was an incredibly smart physicist but a horrible businessman. He retired, having made his millions, then bought a beautiful antique yacht. 10 years later, he's in debt and has struggled to sell the boat for years. His family is so pissed at him. TL;DR: don't buy a boat.
5."I was close to being a millionaire after selling my company to a bigger competitor. I reinvested most of it since I didn't have much use for the money, but then I got scammed for about half a million on buying some real estate.
I basically bought a fantastic holiday destination facility from someone who did not own said fantastic holiday destination facility. And by 'bought,' I mean that I'd put a substantial down payment to keep other interested parties at bay. Classic."
6."My grandfather died and left everything to my mom. Then, my father died and left everything to my mom. Mom always thought she was a smart gambler that would win. As proof, she won maybe $25k from the lottery once and went out and bought a car. After that, she was hooked. When Dad was alive, he didn't let her gamble; he kept it under control. After he died, my mom found a boyfriend — a former bookie who was a 'professional' gambler.
They used to like going to casinos, squandering every penny and more. Then, my mom sold the big house for another $500k and bought a small condo. She took out a home improvement loan for it for $50k, but no improvements were ever made. Casinos and lottery tickets. A cool million or two gone."
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https://www.yahoo.com/finance/news/ex-millionaires-revealing-lost-money-025602453.html
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Militiaman, News Dinar Recaps 20 Militiaman, News Dinar Recaps 20
IQD Update-Iraqi Dinar-2024 Budget Deficit is Hypothetical-A surplus is why-Sovereign Funds fill it
MilitiaMan and Crew:
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-2024 Budget Deficit is Hypothetical-A surplus is why-Sovereign Funds fill it
MilitiaMan and Crew:
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
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Frank26, KTFA Dinar Recaps 20 Frank26, KTFA Dinar Recaps 20
KTFA Tuesday Night Conference Call
FRANK26….6-25-24…..IT’S TIME
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
KTFA
Tuesday Night Conference Call
FRANK26….6-25-24…..IT’S TIME
This video is in Frank’s and his team’s opinion only
Frank’s team is Walkingstick, Eddie in Iraq and guests
Playback Number: 605-313-5163 PIN: 156996#
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KTFA, News Dinar Recaps 20 KTFA, News Dinar Recaps 20
KTFA: BuckeyeTree:
Sudani was talking about Iraq and sports interests which will bring more tourism and internationalism because Iraq has security and stability. It is an exciting time for renewal and becoming part of the First World for Iraq and Iraqis.
Therefore, IMO, the phrase at any moment fits even if it may be days away, but difficult to imagine the wait being weeks or months, not with new ATMs out in place and many of them. If the educational videos were made end of April just after US trip, the near proximal future seems to be not too far off, IMO, and July is almost here.
KTFA:
BuckeyeTree: IMO, not only Iraq and Iraqis need their new exchange rate, but the world needs for Iraq to activate the new exchange rate with not only the amount of business currently contracted but additional business yet to contract. Business will benefit Iraq and those companies, and the countries connected with them will benefit. There are many inter-connections.
Sudani was talking about Iraq and sports interests which will bring more tourism and internationalism because Iraq has security and stability. It is an exciting time for renewal and becoming part of the First World for Iraq and Iraqis.
Therefore, IMO, the phrase at any moment fits even if it may be days away, but difficult to imagine the wait being weeks or months, not with new ATMs out in place and many of them. If the educational videos were made end of April just after US trip, the near proximal future seems to be not too far off, IMO, and July is almost here.
We have the Liberty Bell in Philadelphia engraved with words from the Bible which include "Proclaim liberty throughout the Land and to all the inhabitants thereof." The upcoming period IMO will be a time of great prosperity and freedom from terror for Iraqi people. We wait to hear what is next on Iraq TV from Eddie plus bank friend. We will celebrate when the mission is accomplished. Can you imagine the celebration that will be in Iraq. IMO……Praise God.
Clare: Basra Council: We are serious about activating the law on Basra, the economic capital of Iraq
6/24/2024
The Basra Governorate Council confirmed its intention "to activate the law on Basra, the economic capital of Iraq, pointing to discussing the issue with the Prime Minister in order to activate this law."
The head of the Council’s Finance and Administrative Committee, Shukr Al-Amiri, said, “This is an attractive factor for foreign investment companies, given that Basra will be a corridor for international trade,” indicating that all of this encourages the economy, develops trade, and also provides job opportunities for many unemployed youth. .
Al-Amiri explained that the seventh economic conference in Basra Governorate comes in order to focus on economic activity in the governorate.LINK
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Baghdad -
Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Tuesday, that the values of truth, social justice and equality of Imam Ali (peace be upon him) will be the approach of our government.
The Prime Minister said in a tweet followed by the Iraqi News Agency (INA): “I extend my sincere congratulations to our people and the Islamic nation, on the occasion of the blessed Eid Al-Ghadir, asking God Almighty to grant our country goodness, love, tolerance, and more progress and prosperity.”
He added: "By making Eid al-Ghadir an official holiday and a national occasion for all Iraqis, we are all recalling the lessons contained in the fragrant biography of Imam Ali bin Abi Talib (peace be upon him) in establishing the values of truth, social justice and equality, to be an approach for our government and a path to achieve the interests of our people." . LINK
Clare: A new Iraqi plan to return the green bird to the skies of Europe again
6/25/2024
The Iraqi Airways Company talked about a new plan to return the green bird to the skies of Europe again.
The Director General of Iraqi Airways, Manaf Abdel Moneim, said in a statement followed by Mawazine News, “The company resorted to a system called (wet leasing) to operate flights and transport Iraqis to Europe in light of the imposed embargo, and we relied on a plane leased from another country that is not subject to the embargo. For a period of 6 months, then the contract was terminated.”
He added, "During that period, we prepared an alternative plan to operate Iraqi aircraft to Europe through the 83 BIS Protocol, which means operating our aircraft under the umbrella of the aviation authority of another country that is not prohibited, and we contracted with Turkey, but we were surprised by Turkey's withdrawal and the refusal of the Turkish Civil Aviation Authority, as a result of the lack of interaction."
The Iraqi Aviation Authority corresponded with its Turkish counterpart, and the latter submitted a low evaluation report to the Iraqi Aviation Authority, and said, “We will not operate aircraft with this system.”
The director of the airlines continued, “After the Turkish Aviation Authority’s refusal, we resorted to the third alternative, which is registering the Iraqi aircraft with a state.” Others are not banned, just registration and not sale, and thus we can use its license to fly and operate our planes to Europe, but during that we received offers and emails from European countries that are not banned, to operate our planes under their umbrella,” pointing out that “the Iraqi Airways Company is continuing with this.” direction". LINK
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Clare: Parliamentary Finance for / Nina /: There is no real deficit in the general budget and its schedules
6/25/2024
The Parliamentary Finance Committee confirmed that there is no real deficit in the tables of the general budget law approved by the House of Representatives.
The Vice-Chairman of the Committee, Ikhlas Al-Dulaimi, said in a statement to the National Iraqi News Agency (NINA), that “the existence of a deficit in the budgets is within the usual ceiling, and this is called a planned deficit, not a real deficit that is not being implemented. Therefore, in this 2024 budget, the value of the deficit was 64 trillion dinars.” .
She added, "The House of Representatives approved the 2023 budget worth 199 trillion dinars, in which the actual expenditure to date amounted to approximately 150 trillion dinars, and therefore 49 trillion dinars is a planned deficit."
The Vice-Chairman of the Finance Committee confirmed, “The government and the Ministry of Finance addressed that deficit through the difference in the price of a barrel of oil, which the budget estimated at $70 and is currently sold for about $80, meaning a total of 16 trillion dinars, in addition to treasury bonds worth 20 trillion dinars and loans worth 5 trillion dinars.”
And a set of measures will cover the value of the deficit, and this was attached to the budget tables sent by the government and approved by the House of Representatives,” indicating that “there was no real deficit in the general budget and its tables, but it was only a planned deficit.” LINK
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Iraq Economic News and Points To Ponder Tuesday Evening 6-25-24
Professional Ethics: Theoretical And Methodological Imperatives And Economic Transformation
Economy News – Baghdad Researcher in finance and development affairs and academic Aqeel Jabr Ali Al-Muhammadawi
It considers modern ideas about the concept, essence and structure of professional ethics, examines its main categories and problems, and determines its relationship to the general theory of ethics.
It is worth noting that there are common phrases on the subject of professional ethics: professional ethics, professional ethics, professionalism, moral values, and professional behavior.
Ethics emerged as a philosophical science in the middle of the first millennium BC. Because of the need to formalize ethical standards which was the result of the separation of theoretical spiritual activities from practical material activities.
Iraq Economic News and Points To Ponder Tuesday Evening 6-25-24
Professional Ethics: Theoretical And Methodological Imperatives And Economic Transformation
Economy News – Baghdad Researcher in finance and development affairs and academic Aqeel Jabr Ali Al-Muhammadawi
It considers modern ideas about the concept, essence and structure of professional ethics, examines its main categories and problems, and determines its relationship to the general theory of ethics.
It is worth noting that there are common phrases on the subject of professional ethics: professional ethics, professional ethics, professionalism, moral values, and professional behavior.
Ethics emerged as a philosophical science in the middle of the first millennium BC. Because of the need to formalize ethical standards which was the result of the separation of theoretical spiritual activities from practical material activities.
One of the types of material and practical human activity was professional activity. Therefore, even in ancient times, professional ethics arose as an integral part of general ethical theory. Its emergence was due to the emergence of professional ethics and values.
The existence of a special professional ethics in society is a direct result of the historically established professional division and development of labor: professional specialists who know how to do what others cannot do are given certain responsibilities in relation to those who use their services, and this requires the development of special rules, charters and values, Able to support the moral position of professional groups in society, inspire confidence in them and provide moral preconditions for their development.
A good example of this topic is the famous Hippocratic Oath, the prototype of which was the Oath of the ancient Greek doctors Asclepiade.
In addition to the norms that regulate the relationship of the profession with society, the demands directed to each other within professional groups were also formed.
As an example, we can cite the laws that determined the life of workshops in the cities of Western Europe in the thirteenth and fourteenth centuries. It included a number of rules that put community members on an equal footing in terms of purchasing and processing raw materials, training and developing the capabilities of trainees and trainers, distributing orders, etc.
As well as the fundamental economic content of regulation within shops and industrial economic units, which sought to prevent the accumulation of capital and the development of free competition, it also contained a moral aspect to some extent.
With the development and complexity of social relations, with the identification of an increasing number of individual specialties and professions, the need for professional ethics has grown as a special area of moral knowledge designed to regulate relations between people in any particular profession.
The need for specific ethical requirements and, hence, special professional ethics, is manifested primarily in social-humanitarian professions, in professions of the “person-to-person” type, the main content of which is education and satisfaction of the needs of the individual.
Professional and ethical norms are also being developed in those types of activities associated with the performance of socially important and necessary functions - in the organization of the civil service, in the service sector, commercial, industrial, agricultural, etc.
Professional ethics are also shaped in other professions; It also develops ethical relationships between professionals, society, managers, subordinates and other employees. These relationships are subject to professional ethics. With the development of modern administrative structure and work organization, increasing importance is given to the development of rules of administrative ethics and management ethics.
The emergence and development of such standards and corresponding motives of behavior and professional assessments is one of the directions of the moral development of humanity.
Despite the universal nature of ethical requirements and the existence of uniform business ethics, specific behavioral and value codes have been identified for an increasing number of types of professional activity.
Especially in the reality of economic and professional transformations in Iraq, and the importance of preparing, organizing and approving a guide to professional ethics and conduct procedures and its pioneering role in development and economic renaissance. Views 141 06/25/2024 https://economy-news.net/content.php?id=44601
A Parliamentary Committee Recommends That The Ministries Of Finance And Planning Issue Instructions For Implementing The 2024 Budget Schedules
Money and business Economy News _ Baghdad Today, Tuesday, the Parliamentary Finance Committee recommended the Ministries of Finance and Planning to release instructions for implementing the 2024 budget schedules, while indicating that all appeals are normal and did not rise to the rejection of some paragraphs.
Committee member Nazem Al-Shibli said in an interview with the Iraqi News Agency, followed by Al-Iqtisad News, that “the budget is considered effective after its publication in Al-Waqa’i newspaper, but it needs instructions issued by the Ministries of Finance and Planning in order for it to be clearly implemented in the ministries, agencies, and governorates,” explaining that “the budget does not There are no complaints and appeals every year, but the court is the one that decides the validity of implementation or legislation.”
He added that "the court will hear all appeals," pointing out that "the budget is subject to appeal in the event of any party objecting to a part of it," noting that "all appeals are normal and do not rise to the rejection of some paragraphs."
It is noteworthy that the House of Representatives voted earlier on the amended schedules of the Federal Budget Law No. (13) for the year 2024 and its annexed schedules (A/B/C/D/E/F).06/25/2024 - https://economy-news.net/content.php?id=44597
A Slight Increase In Global Oil Prices
Tuesday 25, June 2024 | Economical Number of readings: 289 Baghdad / NINA / Oil prices recorded a slight increase. Brent crude futures for August delivery rose seven cents, or 0.08%, to $86.06 per barrel by 00:15 GMT, before the contract expires later this week. The most actively traded September contract rose 8 cents, or 0.09%, to $85.23.
US crude futures rose 11 cents, or 0.13%, to $81.74 a barrel, and both benchmarks rose about 3% last week, achieving gains for two consecutive weeks.
US crude oil inventories are expected to decline by three million barrels in the week ending June 21. Gasoline stocks are also expected to decline, while distillate stocks are likely to rise. According to Reuters. https://ninanews.com/Website/News/Details?key=1133975
Decrease In Dollar Exchange Rates In Local Markets In Baghdad
Economy | 06/25/2024 Baghdad - Mawazine News Dollar prices fell in Baghdad markets, today, Tuesday, with the closure of the two main stock exchanges in the country.
Dollar prices fell with the closure of the Al-Kifah and Al-Harithiya stock exchanges, recording 147,750 dinars against 100 dollars, while this morning it recorded 147,900 dinars against 100 dollars.
Selling prices in the field of banking in the local markets in Baghdad were stable, as the selling price reached 148,750 Iraqi dinars for 100 dollars, while the purchase price reached 146,750 dinars for 100 dollars. https://www.mawazin.net/Details.aspx?jimare=250231
To read more current and reliable Iraqi news please visit :https://www.bondladyscorner.com/
Provoking Thoughts and Points To Ponder On Character:
A person's reputation is a mixture of what his friends, enemies, and relatives say behind his back. -Anonymous
Always do right. This will gratify some people, and astonish the rest.-Mark Twain
He's an honest man - you could shoot craps with him over the telephone.-Earl Wilson
The man whose conscience never troubles him must have it pretty well trained.-Anonymous
Conscience is a treacherous thing, and mine behaves badly whenever there is a serious danger of being found out.-Margaret Lane
Too often when conscience tries to speak, the line seems to be busy.-Anonymous
He liked to like people, therefore people liked him.-Mark Twain
Generous people are rarely mentally ill people.-Karl Menninger
When wealth is lost, nothing is lost; When health is lost, something is lost; When character is lost, all is lost!-Anonymous
The great hope of society is individual character.-William Ellery Channing
You must look into people as well as at them.-Lord Chesterfield
Human improvement is from within outward.-James Froude
Talent is nurtured in solitude; character is formed in the stormy billows of the world.-Goethe
http://famousquotesandauthors.com/topics/character_quotes.html
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Chats and Rumors, Economics Dinar Recaps 20 Chats and Rumors, Economics Dinar Recaps 20
TNT: Tishwash: In preparation for the American withdrawal.. Iraq allocates billions to secure its airspace and develop its weapons capabilities
Iraq is seeking to build its military system by purchasing new weapons from several countries, including European and Asian countries, as well as Russia, especially in the field of air defense and radars, while specialists indicate that the number of combat aircraft is insufficient to secure the airspace and carry out strikes against hostile targets, especially since the country It owns large areas of desert.
Iraq began sending technical and military committees to several countries to contract for the purchase of anti-aircraft weapons, which indicates a desire to complete the construction of its air system to enhance the security of its skies and prepare for a future American withdrawal, as Iraq currently possesses 95 combat aircraft of American, Russian, South Korean and Czech origins.
TNT:
Tishwash: In preparation for the American withdrawal.. Iraq allocates billions to secure its airspace and develop its weapons capabilities
Iraq is seeking to build its military system by purchasing new weapons from several countries, including European and Asian countries, as well as Russia, especially in the field of air defense and radars, while specialists indicate that the number of combat aircraft is insufficient to secure the airspace and carry out strikes against hostile targets, especially since the country It owns large areas of desert.
Iraq began sending technical and military committees to several countries to contract for the purchase of anti-aircraft weapons, which indicates a desire to complete the construction of its air system to enhance the security of its skies and prepare for a future American withdrawal, as Iraq currently possesses 95 combat aircraft of American, Russian, South Korean and Czech origins.
Prime Minister Muhammad Shiaa Al-Sudani announced the allocation of five trillion dinars ($3.826 billion), including three trillion ($2.295 billion) in the current year’s budget to enhance weapons capabilities and develop the armament of Iraqi forces of all types.
Although Iraq has a number of combat aircraft fleets, it is still considering purchasing new aircraft, especially the French “Rafale” aircraft, as it seems that Iraq is interested in developing its air capabilities and strengthening its military relations with the French side through signing a contract with the “Thales” company. France in July 2022 to provide it with advanced “long-range” GM400 radars as part of a federal government effort to strengthen Iraq’s air sovereignty, a number of which were installed in parts of Iraq.
Iraq seeks to strengthen this relationship with new arms contracts, including the purchase of advanced Rafale aircraft to enhance its military capabilities and impose its sovereignty.
Iraq currently has 95 combat aircraft of American, Russian, South Korean and Czech origin, all of which were contracted by the country after 2003. However, according to specialists, this number is insufficient to secure Iraqi airspace and carry out strikes against hostile targets, especially since the country owns large areas of desert.
Technical and military committees
According to a statement by the spokesman for the Commander-in-Chief of the Armed Forces, Major General Yahya Rasool, last March, Iraq is determined to complete the radar system in general, while announcing the sending of technical and military committees to several countries to contract for the purchase of anti-aircraft weapons, which indicates Iraq’s desire to complete the construction of its system.
Air Force forces to enhance the security of its skies and prepare for a future American withdrawal. However, experts in the security and military field believe that the needs of the security forces are vast and require huge sums of money, and that the amounts allocated are not sufficient.
Rafale aircraft
Security and strategic specialist Maan Al-Jubouri explains that the budget set by the Iraqi government is insufficient and does not meet Iraq's military needs, while he stressed the need to pay attention to purchasing French "Rafale" aircraft.
Al-Jubouri said, “Iraq’s need is very great, especially with regard to air defenses, as it is not possible to control and protect the skies of any country without having high capabilities for air defenses that remove the danger of attacks on the country,” noting that air defenses are concerned with protecting land and aircraft.
The military that carries out its military tasks, whether fighting terrorism or defending borders. He stressed the need for Iraq to have a capable air defense that includes a surface-to-air missile system and a radar system, which will therefore form a strategic cover for Iraqi territory, stressing the need for Iraq to acquire large, modern radars that cover a wide geographical area of Iraqi skies, thus monitoring any movement from any region inside Iraq. .
Radars and drones
He pointed out the importance of radars to completely cover Iraqi space in all aspects, and to prevent any breach that the enemy might exploit, and this is one of the important foundations. He called for bringing drones and advanced technological equipment such as night goggles, surveillance towers, and thermal cameras, as well as electronic devices, and these are the priorities of any force. Military.
He called for contracting modern aircraft such as the Rafale, considering that it is a capable aircraft with very high specifications, and therefore we can invest in its potential, explaining that concluding such a deal will strengthen the Iraqi air force and the operations carried out by the armed forces, especially since Iraq has pilots.
They have high experience and must be trained on these aircraft, as is the case with the F-16 aircraft. This is important in diversifying the sources of armament and not relying on one country. link
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 My teams and I are looking for more...for the budget, anything about it. I'm looking for the HCL...speaker of the house to be selected...pictures and videos to be released. I'm looking for more than the soldiers/CBI representatives at the ATM machines with more explanation about them and what's in them. I'm looking for the lower notes...new exchange rate. That's what we're looking for...and I hope you are too.
Mnt Goat ...I was told [by CBI contact] that NO insider, backdoor, international trading or otherwise was being conducted on the Iraqi dinar. If you hear rumors of otherwise it is all lies. Investors can come to the ISX and purchased Iraqi dinar at the “official CBI rate”. There is not yet the availability to trade on FOREX or any of the other foreign exchanges... Investors really can’t do much with the dinar at this time as in the west there are still US Treasury sanctions effective on the currency...
HD -Currency Status IQD VND BRICS & Gold Exchange Rates
Edu Matrix : 6-25-2024
Currency Status IQD VND BRICS & Gold Prices Up - BRICS is expected to present new currency info at the Summit in October.
IQD is an exotic currency. Currency News; Iraq: Iraqi Dinar, Vietnam Dong, ZiG Currency, Haiti's Currency, Gold, and BRICS Currency Plans.
How Long Will The US Dollar Remain Global Currency According To HSBC Predicts?
Geopolitical Analyst: 6-25-2024
It is certainly not new the Brics has been on the trail of drifting from the dollar and this seems to be getting even fiercer with more and more countries being encouraged to trade in local currencies especially after their last summit which took place last August in Johannesburg, South Africa.
Things might get even intense when it comes to de-dollarization as the Bloc prepares for its 16th summit this October in Russia's city of Kezan with over 93 countries set to be in attendance.
All might not be clear yet what the agenda for its coming summit is but with the moves the bloc has been taking since 2024 following the groups expansion from 5 to 10 members and more anticipation for accelerated expansion, it is certain the group isn't going slow on its agenda of drifting from the dollar and creation of its own currency.
Just coming in, leading global bank HSBC has predicted the future of the US dollar forecasting how long the currency can stay as the world’s reserve.
The prediction comes at a time when the Brics alliance is looking to dethrone the US dollar from the global reserve currency status.
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Iraq Economic News and Points To Ponder Tuesday Afternoon 6-25-24
What Do Investments In Iraq Mean Politically And Economically? June 24, 2024 Baghdad/Iraq Observer Thehigh level of Arab and international investment optimism constitutes a new support factor for the economic renaissance in Iraq, while observers praised the government measures taken to support investment and economic reform together, which is witnessing significant growth after overcoming many obstacles. Arab and foreign demand for investment in Iraq has shown an acceleration in growth since 2024, with significant Iraqi support being provided in light of political stability in the country.
Iraq Economic News and Points To Ponder Tuesday Afternoon 6-25-24
What Do Investments In Iraq Mean Politically And Economically?
June 24, 2024 Baghdad/Iraq Observer Thehigh level of Arab and international investment optimism constitutes a new support factor for the economic renaissance in Iraq, while observers praised the government measures taken to support investment and economic reform together, which is witnessing significant growth after overcoming many obstacles.
Arab and foreign demand for investment in Iraq has shown an acceleration in growth since 2024, with significant Iraqi support being provided in light of political stability in the country.
Economic expert Zaid Al-Naimi said that themechanism followed by the government to
limit currency smuggling,
stabilize the market, and
provide support to various sectors
contributed significantly to restoring Arab and international confidencein various sectorsand their investments, with large amounts of money inside Iraq.
Whileconfirming the correct approach followed by the governmentof Prime Minister Muhammad Shiaa Al-Sudani, he pointed to theacceleration of economic reform, which reflected positively on other sectors, whetherindustrial,infrastructure, or in thefinancialandbankingsector, and thatinvestments mean a lotpoliticallyandeconomicallyand are an important tributary for Iraqis to keep pace with modernity.”
Al-Naimi stated to the Iraq Observer Agency that investment in the economic sector, which is consideredtheimportant handof theCentral Bank, has alsocontributed todeveloping the private sectorandproviding advisory services, and that
thenear future will witness theexpansionofinvestments throughout Iraqto include a wide range of financial services, as well as the provision of advisory services. “It restores Iraq to Arab and global leadership.”
He attributed the investments to agroup of sectorsdue totheir importance, which the Iraqi government participates in, whether in investment in theindustrial sectors, or in what is related to thefinancial sector,both thebankingandnon-bankingsectors, as well as the importance of investing ininfrastructureand improving theservicesprovided to the Iraqis.
He pointed out thatwhat is most important at this stage isEncouragingtheprivate sectorand working with it.”
Promote Growth
In turn, the World Bank expected that Iraq would achieve economic growth of more than 5% in 2026, indicating that the recovery in the oil sector in 2025 would contribute significantly to enhancing this growth.
The bank stated, according to a statement, that “Iraq’s economic growth for the year 2022 reached 7.6%, and in 2023 it decreased to -2.9%.”
He also expected that Iraq's economic growth would decline in 2024 to reach -0.3%, and that it would achieve growth in 2025 of up to 3.8%, and in 2026 to reach 5.3%.
He pointed out that oil-exporting countries outside theGulf Cooperation Council, such as Iraq and Algeria, will benefit from the expected recovery in the oil sector in 2025, which will help boost economic growth in these two countries.
Million Auction
In this context, the bank sold, in its auction today, 273 million, 244 thousand and 330 dollars, which it covered at a base exchange rate of 1,310 dinars per dollar for documentary credits and international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,305 dinars per dollar in cash.
Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 250 million 274 thousand and 330 dollars, an increase of 91% over cash sales amounting to 22 million and 970 thousand dollars.
The number of banks that purchased cash dollars reached three banks, while the
number of banks that responded to requests to enhance balances abroad reached 15 banks, and the
total number of exchange and brokerage companies participating in the auction was 40 companies.
The Central Bank of Iraq's dollar sales amounted to more than 273 million dollars at the currency auction on Sunday. Experts suggested keeping the dollar exchange rates within their current rates.
Spending Demand
According to observers, the release of financial amounts for the 2024 budget will increase spending demand in the market, and that operational expenditures in terms of wages and salaries will be fixed and their impact will be constant, while they added,
“Theinvestment budget is important because projects require locally manufactured and imported materials.”
They stated:
“Any trend towards locally made materials, such as construction industries such as rebar, cement, sand, wood, etc., which led to their local rise, and so on, are requirements that go towards keeping exchange rates within their rates and not decreasing them.”
Today, selling prices in money exchange shops in local markets in Baghdad were 148,000 dinars for 100 dollars, while purchasing prices reached 146,000 dinars for 100 dollars. https://observeriraq.net/ماذا-تعني-الاستثمارات-في-العراق-سياسي/
Laundering Corruption Money Raises Baghdad Real Estate... Questions About The Source Of Purchasing Power
Baghdad today – Baghdad Economic affairs researcher Mustafa Akram Hantoush confirmed today, Sunday (June 23, 2024), that
the rise in real estate prices in some areas of the capital, Baghdad, is due to money laundering, considering that the Baghdad Municipality’s approval of the area to be 200 meters or less is considered a violation, and also caused an increase in prices. Real estate. Hantoush told “Baghdad Today” that
“thereal estate file in Iraq has become a very complex file and contains clear errors, and
there are also government decisions that have contributed to the rise in real estate prices, including the Baghdad Municipality approving an area of 200 square meters for the house as a basic design and there is a separate bond, especially
This square has become unavailable in most areas of Baghdad, except in some upscale areas.” He stated,
"TheCentral Bank of Iraq recently took a correct decision, that any house valued at more than 250 million before the tax must deposit the amounts in a bank until it is known where the source of that money comes from.
This is one of the ways to combat and limit money laundering through purchasing real estate.". He added,
"In areas that are witnessing a crazy rise in real estate prices, with the square meter reaching approximately 12 million or more, real estate there must be monitored, as
this rise may be caused by money laundering, especially since there is no such purchasing power in areas that are originally residential and not commercial." The researcher in the economic affairs continued,
“Working to register one or two houses in the name of one person is considered a reactionary law.
There is no harm in anyone owning dozens of houses if the source of his money is known.
We do not expect that such decisions, if there is a trend towards them, will not limit the rise in Prices at all, but may even have negative consequences.”
https://baghdadtoday.news/252066-غسيل-أموال-الفساد-يرفع-عقارات-بغداد.-تساؤلات-عن-مصدر-القوة-الشرائية.html
To read more current and reliable Iraqi news please visit :https://www.bondladyscorner.com/
Provoking Thoughts and Points to Ponder on Wealth
It is wealth to be content.-Lao-Tzu
Who is rich? He that rejoices in his portion.-Benjamin Franklin
If you're happy, you're wealthy! Happiness doesn't need a bank account.-Sr. Mary Christelle Macaluso
Wealth ... is a relative thing since he that has little and wants less is richer than he that has much but wants more.-Charles Caleb Colton
Sometimes when you have everything, you can't really tell what matters.-Christina Onassis
The only question with wealth is what you do with it.-John D. Rockefeller
The rich man is not one who is in possession of much, but one who gives much. -Saint John Chrysostom
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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20
30 Countries ditch US dollar: What Next?
Fastepo: 6-25-2024
Nations and regional alliances are increasingly moving away from the US dollar for their trade transactions, a process termed de-dollarization.
This trend seeks to decrease dependence on a single currency, thereby enhancing economic stability by employing a variety of local currencies.
By prioritizing their own currencies, countries aim to mitigate geopolitical risks and bolster their domestic economies.
This ongoing shift is transforming global trade and financial systems, potentially reducing the global dominance of the US dollar.
30 Countries ditch US dollar: What Next?
Fastepo: 6-25-2024
Nations and regional alliances are increasingly moving away from the US dollar for their trade transactions, a process termed de-dollarization.
This trend seeks to decrease dependence on a single currency, thereby enhancing economic stability by employing a variety of local currencies.
By prioritizing their own currencies, countries aim to mitigate geopolitical risks and bolster their domestic economies.
This ongoing shift is transforming global trade and financial systems, potentially reducing the global dominance of the US dollar.
In this video, we examine the recent trend among various nations to decrease their dependency on the US dollar for international transactions.
We investigate the reasons driving these decisions and offer insights into their economic strategies.
Additionally, we focus on de-dollarization efforts within the BRICS+ bloc, highlighting significant steps these countries have taken to diversify the currencies used in global trade.
LIVE! The U.S. e-CON-omic CON-JOB Is Worsening FASTER! EXPECT A HIGHER STOCK MARKET.
Greg Mannarino: 6-25-2024
ALERT: FDIC Slams Big Banks for MASSIVE Risks
Taylor Kenny: 6-25-2024
The FDIC has raised alarms over major banks' emergency plans, concerns mount over the scale of derivative exposure in the financial sector, and questions emerge about the adequacy of deposit insurance amid banking uncertainties.
With whispers of a potential global financial shake-up, what do the experts know that we don't?
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Economics, News Dinar Recaps 20 Economics, News Dinar Recaps 20
TNT: Tishwash: Parliamentary recommendation for Finance and Planning to launch instructions for implementing budget schedules
Today, Tuesday, the Parliamentary Finance Committee recommended the Ministries of Finance and Planning to release instructions for implementing the 2024 budget schedules, while indicating that all appeals are normal and did not rise to the rejection of some paragraphs.
Committee member Nazem Al-Shibli said, “The budget is effective after its publication in Al-Waqa’i newspaper, but it needs instructions issued by the Ministries of Finance and Planning in order for it to be clearly implemented in the ministries, agencies, and governorates,” explaining that “the budget is not devoid of complaints and appeals every year, but the court It is the one who decides the authority to implement or legislate.”
TNT:
Tishwash: Parliamentary recommendation for Finance and Planning to launch instructions for implementing budget schedules
Today, Tuesday, the Parliamentary Finance Committee recommended the Ministries of Finance and Planning to release instructions for implementing the 2024 budget schedules, while indicating that all appeals are normal and did not rise to the rejection of some paragraphs.
Committee member Nazem Al-Shibli said, “The budget is effective after its publication in Al-Waqa’i newspaper, but it needs instructions issued by the Ministries of Finance and Planning in order for it to be clearly implemented in the ministries, agencies, and governorates,” explaining that “the budget is not devoid of complaints and appeals every year, but the court It is the one who decides the authority to implement or legislate.”
Al-Shibli added, “The court will hear all appeals,” pointing out that “the budget is subject to appeal if any party objects to a part of it,” noting that “all appeals are normal and do not rise to the rejection of some paragraphs.” link
CandyKisses: The Central Bank of Iraq revealed the mechanism of imposing fines on private banks
According to a document issued by the bank on the third of this month, "we would like to inform you that the imposition of fines on banks and non-bank financial institutions is done through a competent committee in this bank based on the Central Bank Law No. (56) of (2004) and the Banking Law No. (94) of (2004) and the instructions and controls that regulate banking operations."
He added that due to the violation of these laws, instructions and controls by the bank or non-banking financial institution, the purpose of imposing fines on banks and non-bank financial institutions is to prevent them from committing violations of the laws mentioned above and the instructions issued under them to protect them and ensure their safety and the safety of the financial sector in general.
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Tishwash: Finally, “Carrefour” will open in Baghdad.. The international chain has ended its hesitation
It may not be a passing commercial event in Baghdad.. The international shopping chain “Carrefour” - which has been reluctant for years to enter the Iraqi market - has made up its mind and is actually preparing to open two branches in the capital.
The first will be in the Jadriya area within the “Jadriya Mall,” and the second within the Bismayah Mall complex. According to information obtained bythe 964 networkfrom various sources, the opening of the chain of markets in Al-Harithiya Mall has been withdrawn, because “Carrefour” needs a very large space that “Al-Harithiya” did not provide.
He already got what he wanted, as he acquired the largest part of the area of Al-Jadriya Mall, which will also include a group of branches of international agencies, while the chain’s branch in Bismaya will also obtain a large area within the mall of the residential complex, and Al-Jadriya Mall was scheduled to open.
It was strange that the local authorities in Baghdad agreed to open “Carrefour” in Jadriya...the most crowded area of Baghdad. Usually, the authorities oblige the “Carrefour” chain to open its branches in areas far from city centers, to contribute to the revitalization of remote areas and eliminate traffic congestion, especially since the crowding “Carrefour” is a certainty due to the easy and unique shopping experience it provides, the competitive offers and prices, the way products are presented, and the quality standards supervised by teams of international experts.
Carrefour is a French international supermarket chain with five branches in the Kurdistan region of Iraq (5 branches in Erbil, a branch in Sulaymaniyah, and another in Dohuk), and provides a wide range of home, food and other shopping options to the consumer.
Carrefour was scheduled to open a branch in Baghdad Mall in the Al-Harithiya area in the center of the capital, but the lack of suitable spaces prevented this, which prompted those responsible for the chain’s affairs in Iraq to search for alternative locations, indicating the possibility that the chain may have a third branch and perhaps A fourth in Baghdad soon. ink
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Tishwash: Canadian oil replaces Iraqi crude on the American West Coast
Refineries on the West Coast of the United States intend to replace their imports of heavy Iraqi oil with cheaper crude from Canada, at a time when the newly expanded “Trans Mountain” line is re-arranging trade flows across the Pacific Ocean, according to what Bloomberg reported.
California and Washington are scheduled to import about 150,000 barrels per day of Canadian crude via tankers in June, representing a seven-fold increase in average volumes, according to preliminary data from Vortexa. At the same time, their imports of Iraqi “Basra Heavy” crude are expected to decrease to 3,587 barrels per day, from 76,000 barrels last May.
The Trans Mountain expansion, which began in May, transports 590,000 barrels per day of crude from the Canadian oil sands to Vancouver for export. This is likely to be an advantage for refiners on the US West Coast, which would otherwise pay several dollars more per barrel to buy Iraqi crude.
As Canadian imports to the US West Coast rise, shipments of Brazilian medium-sulfur TUPI oil, as well as Basra Heavy crude, decline.
Alberta's heavy West Canadian Standard crude is trading about $13 cheaper than U.S. West Texas Intermediate crude, or about $67 a barrel, according to Bloomberg's general index pricing. Basra Heavy crude is trading about $5.55 cheaper than benchmark Brent crude, or more than $80 per barrel. link
Mot: . Breads Ready!!!!
Mot: Yaaaaaaaaaaaaaah !! - Score un fur Earl
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MarkZ, Chats and Rumors Dinar Recaps 20 MarkZ, Chats and Rumors Dinar Recaps 20
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Mighty fine Tuesday Hope everyone is having a fantastic day!
Member: The Battle of the Little bighorn occurred on June 25,1876, near the Little bighorn River in Montana Territory.
Member: I love roller coasters I mean, I have season passes to Six Flags and Busch Gardens. but I’m all the way over this one. Let’s just get this done already.
Member: What is new and exciting in the RV world today Mark?
Thank you MarkZ for all your time, and encouragement daily….. PDK
MarkZ Update- Some highlights by PDK-Not verbatim
MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions
Member: Mighty fine Tuesday Hope everyone is having a fantastic day!
Member: The Battle of the Little bighorn occurred on June 25,1876, near the Little bighorn River in Montana Territory.
Member: I love roller coasters I mean, I have season passes to Six Flags and Busch Gardens. but I’m all the way over this one. Let’s just get this done already.
Member: What is new and exciting in the RV world today Mark?
MZ: Starting Saturday and Sunday…. I am getting inundated with bank contacts telling me to expect that things have already started …but coming to fruition in banks after the 4th of July. With a rollout in the days immediately following. I believe the 4th is on a Thursday this year.
MZ: so I was told the roll out around the 6th and 7th. That is the rumor. But remember we don’t know the timing….but, I am sure getting a heck of a lot from the banking side that things are now moving quickly and that is what they are preparing them for. Let us hope.
MZ: We do know that the world is seeing some very interesting dumping of US Treasury bonds. So perhaps the bankers showed a devaluation of the US dollar on the 23rd….which makes sense because as countries unload T Bills – they come back to the US and devalue the dollar. Anybody who has studied any level of economics knows this.
Member: Mark if treasury bonds get dumped I was told it will crash the stock market
Member: Well many countries are dumping treasure bonds right now….come on QFS Reset!!!
Member: July 4th would be an amazing day for us to get our real world back
Member: I don't believe Iraq will change their currency to consider with any day that is important to the USA, such as July 4th. This belongs to the Iraqi, not us.
Member: Well if Iraq is part of the entire world reset….they may be scheduling their RV events to coincide with the reset?
Member: Mark, isn't it interesting that all of the currencies we have been tracking for years have countries that are either in Brics, or actively pursuing Brics membership?
MZ: “Fed President points to several warning signs for economy” He talks about rising unemployment claims, increase in debt delinquency payments, cooling consumer spending….These are all things that give them a reason to change rates.
Member: I wish we knew if QFS was real…and if it is….if it will be safe.
Member: Does anyone know the status of the QFS system….Is it ready to go?
Member: Frank26 was told by Walkingstick that he can stop asking about the budget. Why? Answer is “It’s all there!! It’s True” “The new exchange rate, the projects, the cities, ATM’s, the contracts, the lower notes” it’s all there in the contract. Can we trust it? “It’s true, It’s a fact….”Where is it?” “It’s in Sudani’s lap”
MZ: I will buy that.
Member: When are we going to cross the finish line????????
Member: I tell people the RV is like the return of Jesus. We see the signs but don't know the day or hour.
Member: I am really hoping Nesara is announced soon
Member: I don’t think NESARA will ever be “announced”. Some parts of it will be implemented over time, but definitely not that entire list we’ve all seen. Imo
Member: When Nesara happens will our credit scores all go to zero? Will the stock market lose most of their value?
MZ: When El Savador did their version of that recently…they went to a complete wipe and credit scores went to zero. We don’t know yet about the stock market.
Member: There is a world full of love amongst the hate, embrace it
Member: Happy birthday to those celebrating and prayers for those in need
Member: Thanks to Mark and the Mods for all their info….Praying we are inches from the finish line.
“THE CONTENT IN THIS PODCAST IS FOR GENERAL& EDUCATIONAL PURPOSES & NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY”
Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz
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Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/
MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram
THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.
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