Iraq Economic News and Points to Ponder Thursday Evening 4-25-24
Iraq Economic News and Points to Ponder Thursday Evening 4-25-24
The Most Difficult Option.. Warnings Of The Danger Of Floating The Iraqi Dinar Without Achieving An “Important Condition”
Economy | Baghdad today – Baghdad Economist Nabil Al-Marsoumi warned today, Thursday (April 25, 2024), of the dangers of floating the Iraqi dinar, noting that
such a step could lead to the dinar witnessing a violent collapse and rampant inflation that would jump prices to insane levels.
Al-Marsoumi said in a post on the social networking site “Facebook”, followed by “Baghdad Today”, that
“some are proposing a solution to address the double price of the dollar against the dinar and the existence of a large gap between the official and parallel prices through a free float of the Iraqi dinar,” indicating, “i.e. Turk.”
The dinar is in the market to find its price against foreign currencies through the interaction of the forces of supply and demand. Al-Marsoumi added, “Such a decision has some economic positives,” adding,
“But the economy should not be taken in its abstract aspect, but rather insofar as it relates to people, especially the poor.”
Iraq Economic News and Points to Ponder Thursday Evening 4-25-24
The Most Difficult Option.. Warnings Of The Danger Of Floating The Iraqi Dinar Without Achieving An “Important Condition”
Economy | Baghdad today – Baghdad Economist Nabil Al-Marsoumi warned today, Thursday (April 25, 2024), of the dangers of floating the Iraqi dinar, noting that
such a step could lead to the dinar witnessing a violent collapse and rampant inflation that would jump prices to insane levels.
Al-Marsoumi said in a post on the social networking site “Facebook”, followed by “Baghdad Today”, that
“some are proposing a solution to address the double price of the dollar against the dinar and the existence of a large gap between the official and parallel prices through a free float of the Iraqi dinar,” indicating, “i.e. Turk.”
The dinar is in the market to find its price against foreign currencies through the interaction of the forces of supply and demand. Al-Marsoumi added, “Such a decision has some economic positives,” adding,
“But the economy should not be taken in its abstract aspect, but rather insofar as it relates to people, especially the poor.”
He continued, "In light of Iraq's lack of a national private sector that could contribute to increasing the supply of dollars in the Iraqi market, and
because of the large volume of imports, which reach 67 billion dollars annually, the only party that owns the dollar is the government," explaining that
"in the event that the government decides not to intervene." In the exchange market, it is expected that the dinar will witness a violent collapse and rampant inflation that will cause prices to rise to insane levels that will cause severe damage to citizens’ living standards, and the poor will become more miserable, and will later lead to social tensions and a major rift in the social peace.”
It is noteworthy that the floating exchange rate or currency float is the currency exchange rate that has been floated so that it has become completely liberalized, so the government or the central bank does not interfere in determining it directly,
but rather it is released automatically in the currency market through the supply and demand mechanism that allows the price to be determined. Exchange the national currency against foreign currencies.
It is worth noting that the price of the dollar in the local markets is still experiencing a state of instability between rises and falls, even though the official price in the Central Bank of Iraq is 132,000 dinars per 100 dollars,
but in the local markets it is witnessing an increase of more than ten points and may at times reach double this.
The number is despite the numerous measures and packages launched by the Central Bank of Iraq, where
some attribute that the reason for this confusion in prices is the result of smuggling operations and speculation in the black market for currency. https://baghdadtoday.news/247930-الخيار-الأصعب.-تحذيرات-من-خطورة-تعويم-الدينار-العراقي-دون-تحقيق-شرط-مهم.html
Economist: Travelers' Dollars Are Leaking Into The Parallel Market...And This Is What The Central Bank Should Do
Time: 04/24/2024 Read: 2,925 times {Economic: Al-Furat News} The economic expert, Safwan Qusay, revealed the leakage of travelers’ dollars to the parallel market. Qusay said {to Al-Furat News} that:
“The current policy of the Central Bank of Iraq goes towards auditing the cash dollar, which was marred by many failures in the first periods, especially its leakage through travelers to the irregular market, and this issue needs a new and clear mechanism.”
He added, "It is assumed that travelers are dealt with through tourism and airline companies, and
the travel ticket is not allowed to be canceled unless the traveler returns the amount he purchased from the exchange outlets or banks." Qusay stressed,
“This measure will restore confidence in the cash dollar and the possibility of facilitating the mission of real tourists and filling the gaps that accompanied the process of establishing the electronic platform for the cash sale of foreign currencies.” He stated that
"the Central Bank will not hesitate to provide the dollar to those entitled to it, whether at the level of Hajj or other windows," noting that
"the Central Bank's emphasis on procedures for granting citizens the cash dollar ensures that it reaches those who need it." Qusay added,
“The Central Bank’s official sales during the previous 10 days rose to $270 million per day, which is an indication of the activation of the electronic platform,” adding,
“The more we reduce imports and analyze the irregular demand for the dollar, the more stable the dollar’s exchange rate will be.”
Meanwhile, travelers expressed their surprise at the Central Bank’s decisions to prevent government banks from selling dollars to travelers.
Travelers said, via {Al-Furat News}: “We are surprised by the Central Bank’s decisions to prevent government banks from selling the dollar to travelers and monopolizing it only with financial transfer and exchange companies.”
Travelers called on Parliament and members of the Parliamentary Finance Committee to “intervene and solve the problem and allow government banks to carry out the process of selling the dollar, especially in conjunction with the delegation of pilgrims to the Holy House of God, and they need to buy the dollar at the official price.”
Parliament Talks About The Mechanism For Recovering Smuggled Funds And Hints At The Next Stage
Politics |Today, 14:07 | Baghdad today – Baghdad Today, Thursday (April 25, 2024), the Parliamentary Integrity Committee confirmed that there is ongoing work to recover all Iraqi funds smuggled abroad, while indicating that the
next stage will witness the recovery of funds and more fugitives on charges of corruption and others.
Committee member Ghareeb Al-Muradli told “Baghdad Today” that
“there are real efforts by the Iraqi government in addition to the Federal Integrity Commission to recover Iraqi money smuggled as a result of corruption operations, and
this is very possible because of international cooperation in this file.” Al-Muradli stated,
"Iraq has good international relations, and through these relations it is able to track its money and follow up on those wanted by it on corruption charges," adding,
"For this reason, it was able during the last period to arrest a number of fugitives." He stressed that
"the next stage will witness the recovery of funds and more fugitives on charges of corruption and other charges."
It is noteworthy that the Parliamentary Integrity Committee commented, Thursday (March 28, 2024), on the activities of the Iraq Assets Recovery Fund and the slowness in recovering that money and some of those accused of fleeing on corruption charges or belonging to the previous regime.
Committee member Duraid Jameel told “Baghdad Today” that
“there is great and important work for the Iraq Money Recovery Fund and
there is a noticeable increase in the activities of this fund,” adding:
“But the slowness is not on the part of the Iraqi side, but rather on the part of countries, some of which are procrastinating in Implementing what Iraq demands.” Jamil stated,
“There are major legal and technical procedures undertaken by the Iraq Assets Recovery Fund, in order to recover smuggled funds or recover some of the fugitive defendants on corruption charges and others,
but the routine procedures by those countries are what delayed the resolution of many of these activities.”
A member of the Parliamentary Integrity Committee added,
"There is no accurate figure for the sums of money smuggled from Iraq abroad, whether through corruption operations or other funds of the former regime,
but there are government efforts being made to recover all that money, and there are practical steps in this regard."
Estimates indicate that the funds smuggled abroad amount to approximately $350 billion over the past twenty years, while
the Integrity Commission is working to recover some of the funds from other countries or recover the accused, but
some countries refuse to recover some of the corruption funds smuggled over the past years because they have entered into the economic cycle or Existing projects in those countries, according to observers.
Parliamentary Integrity Reveals An Agreement With Interpol To Recover Fugitive Corrupt People
Political| 04/23/2024 Mawazine News – Baghdad Member of the Parliamentary Integrity Committee, Abdul Amir Al-Mayahi, revealed new moves to proceed with amending the election law again, noting that Parliament is coordinating an agreement between the Iraqi and international Interpol to arrest fleeing corrupt people. Al-Mayahi said in an interview followed by Mawazine News:
“There is an agreement between the Iraqi Interpol and the International Interpol, to pursue any wanted person in any country, in an effort by the Iraqi Interpol to arrest the wanted persons and hand them over to the Iraqi government, and there is effective coordination with Interpol in this regard.” He added.
“The Integrity Committee works independently and seeks to collect the required documents regarding those accused of corruption, and upon obtaining proof, the committee will work to request hosting the concerned official if he is present inside the country, while submitting recommendations to the relevant authorities.” He continued, “The committee is not responsible for prosecuting the wanted individuals.”
On charges of corruption outside the country, it is the responsibility of the Federal Integrity Commission and the Iraqi and international Interpol if there are arrest warrants for certain figures of state employees who have committed corruption and of the Integrity Commission or the Public Prosecution.” https://www.mawazin.net/Details.aspx?jimare=246516
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
Provoking Points To Ponder on Failures and Mistakes
Learn to see in another's calamity the ills which you should avoid.- Publilius Syrus
A man is fortunate if he encounters living examples of vice, as well as of virtue, to inspire him.- Brendan Francis
The line between failure and success is so fine that we scarcely know when we pass it; so fine that we are often on the line and do not know it.- Elbert Hubbard
A series of failures may culminate in the best possible result.- Gisela Richter
Failure is that early morning hour of darkness which precedes the dawning of the day of success.- Leigh Mitchell Hodges
People fail forward to success.- Mary Kay Ash
http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html
Iraqi Dinar Today Video Updates Thursday Afternoon 4-25-24
Iraqi Dinar Today Video Updates Thursday Afternoon 4-25-24
WOW Praise Every Vietnamese Dong $5.29 US Dollars – 3:55
RV Reached at Final Stage Wait is Over – 3:33
WOW Chase Bank Display On Screen IQD New Exchange Rate – 4:03
Iraqi Dinar Today Video Updates Thursday Afternoon 4-25-24
WOW Praise Every Vietnamese Dong $5.29 US Dollars – 3:55
RV Reached at Final Stage Wait is Over – 3:33
WOW Chase Bank Display On Screen IQD New Exchange Rate – 4:03
WOW Praise Every Vietnamese Dong $5.29 US Dollars – 3:55
RV Reached at Final Stage Wait is Over – 3:33
WOW Chase Bank Display On Screen IQD New Exchange Rate – 4:03
Goldilocks' Comments and Global Economic News Thursday Evening 4-25-24
Goldilocks' Comments and Global Economic News Thursday Evening 4-25-24
Good Evening Dinar Recaps,
China's Payment Regulations Announcement: On December 9, 2023, Chinese Premier Li Qiang signed Decree No. 768 of the State Council. The People's Bank of China is giving us a look at their implementation rules for their new payment regulations. It covers risk management, e-commerce, faster mobile and computer payments, connections between central depository institutions, banking systems, monetary policies, guidelines, management of payment rules between Financial institutions, and various types of accounts. After implementation, these new regulations will be sent to Clearing House Institutions for Network inclusion and compliance directives to enforce this new payment system. This decree is China's regulations on the Supervision and Administration of Non-Bank Payment Institutions.
Goldilocks' Comments and Global Economic News Thursday Evening 4-25-24
Good Evening Dinar Recaps,
China's Payment Regulations Announcement:
On December 9, 2023, Chinese Premier Li Qiang signed Decree No. 768 of the State Council.
The People's Bank of China is giving us a look at their implementation rules for their new payment regulations.
It covers risk management, e-commerce, faster mobile and computer payments, connections between central depository institutions, banking systems, monetary policies, guidelines, management of payment rules between Financial institutions, and various types of accounts.
After implementation, these new regulations will be sent to Clearing House Institutions for Network inclusion and compliance directives to enforce this new payment system. This decree is China's regulations on the Supervision and Administration of Non-Bank Payment Institutions.
A non-bank entity provides similar services to a bank, but they do not hold a banking license. This merges the new Digital Economy with the Traditional Markets and Banking System inside our new digital economy. Peoples Bank of China
It will go into effect on May 1, 2024.
© Goldilocks
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Japan is the fourth-largest export market and trading partner of the United States with a 68 billion trading deficit.
Why this partnership is so important comes of its connection to US Dollars held within their accounts to support the Yen.
Japan is giving an imminent warning that they are going to have to prop up their currency by intervening into the markets.
This means they will be selling their dollars that they have bought over the years to support the Yen from continuing to fall in its price.
As the yen begins the process of leveling the playing field between the price of the dollar against the yen, it will begin to affect the global markets as well.
This move will cause trading deficits and appreciation with other countries around the world as the Yen begins to rise in its price.
Eventually, the move toward more reliance on their Basel 3 compliant policies over the dollar will stabilize the Yen as these temporary measures go into effect.
As we have spoke of recently in this room, we are moving into credit valuation adjustments. This is going to be a big one because of so many trading contracts take place between the US and Japan.
Volatility in the currency markets are about to begin, and they will end with the stabilization of all currencies based upon real values connected to them through gold.
If you think the recent actions to regulate and place laws on Stablecoins is a coincidence, you might want to look again. Reuters 1 Reuters 2 Trade
© Goldilocks
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This Louisiana Man Collected Over Half a Million Pennies in 45 Years | ABC News
I wish he would have sold it to an exchange center instead of a bank. Can you imagine how much he really lost on this exchange.
Copper is now a critical mineral and a global shortage metal. Know what you hold my friends. Know it's worth.
A wise investor explores exchange options.
👆4.49 per lb×2800 lb of copper= $12,572
The above is copper's current actual worth. The bank gave this man...$5,136. He lost over $7,000 on this deal.
Do your own research my friends.
© Goldilocks
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👆 Can you imagine how much this man would have had if he waited until next year to sell his copper? So sad.
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Nonbank Financial Institutions: What They Are and How They Work | Investopedia
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Stablecoin News: Top Democrat Predicts Imminent Deal On Stablecoin Regulation | Coingape
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Stablecoin Bill Could Be Ready for the U.S. House Soon Says Top Democrat Maxine Waters: Bloomberg
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Venezuela demands oil purchases to be paid in #USDT to Bypass U.S Sanctions 🤨 | Twitter
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What are the Bretton Woods 3 institutions? | UN
* International Monetary Fund (IMF)
* International Finance Corporation (IFC)
* Multilateral Investment Guarantee Agency (MIGA)
* The World Bank.
* The World Trade Organization (WTO)
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Ripple to Use Stablecoin for US ODL Customers, Not XRP | The Crypto Basic
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A new web3 network is being built right now that wants to end Big Tech’s control of your data | Tech Crunch
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Navigating The Generative AI Divide: Open-Source Vs. Closed-Source Solutions | Forbes
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Mannarino Market Risk Indicator
The Dow Index has lost over 3.82% the past 4 weeks. We talked about the Markets moving down for the next three to five weeks almost a month ago. How am I doing so far?
© Goldilocks
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China's March net gold imports via Hong Kong up 40% from Feb | Zawya
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Book of Zephaniah Summary: A Complete Animated Overview | Youtube
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👆 Sound familiar? It should, what we are going through is a Biblical prophecy.
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Meaning: Hidden by God.
Zephaniah is a masculine name of Hebrew origin that means "hidden by God." This is a biblical name shared with minor prophets in the Hebrew Bible and its meaning is symbolic of God's protection.
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Thank you Dinar Recaps
Thursday Evening News with MarkZ, Militia Man, and Dr. Scott Young
Thursday Evening News with MarkZ, Militia Man, and Dr. Scott Young.
04/25/2024
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
The next scheduled stream is 10:00 AM EST Friday
Please listen to the replay for all the details and their information and opinions
Thursday Evening News with MarkZ, Militia Man, and Dr. Scott Young.
04/25/2024
MarkZ Disclaimer: Please consider everything on this call as my opinion. Be sure to consult a professional for any financial decisions
The next scheduled stream is 10:00 AM EST Friday
Please listen to the replay for all the details and their information and opinions
KTFA Thurs. Night CC: “FRANK26….4-25-24……A SLEW OF ARTICLES”
KTFA
Thursday Night Conference Call
FRANK26….4-25-24……A SLEW OF ARTICLES
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
Thursday Night Conference Call
FRANK26….4-25-24……A SLEW OF ARTICLES
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#
U.S. Debt Crisis to Make the Fed ‘Irrelevant,’ Watch These Hard Assets Get ‘Unleashed’ — Tavi Costa
U.S. Debt Crisis to Make the Fed ‘Irrelevant,’ Watch These Hard Assets Get ‘Unleashed’ — Tavi Costa
Kitco News: 4-25-2024
Jeremy Szafron, Anchor at Kitco News, interviews Tavi Costa, a macro strategist from Crescat Capital, to discuss the pressing issues facing the 2024 economy.
They discuss the implications of high sovereign debt, the Federal Reserve's response to inflation, and the rising geopolitical tensions.
Costa shares his insights on why he believes the Fed will become "irrelevant" due to unsustainable debt levels and highlights which hard assets are poised to benefit in this turbulent financial landscape.
U.S. Debt Crisis to Make the Fed ‘Irrelevant,’ Watch These Hard Assets Get ‘Unleashed’ — Tavi Costa
Kitco News: 4-25-2024
Jeremy Szafron, Anchor at Kitco News, interviews Tavi Costa, a macro strategist from Crescat Capital, to discuss the pressing issues facing the 2024 economy.
They discuss the implications of high sovereign debt, the Federal Reserve's response to inflation, and the rising geopolitical tensions.
Costa shares his insights on why he believes the Fed will become "irrelevant" due to unsustainable debt levels and highlights which hard assets are poised to benefit in this turbulent financial landscape.
0:00 - Introduction & Global Economic Overview
1:21 - Federal Reserve's Policy Impact
2:44 - Credit Markets & Recession Risks
3:39 - IMF Growth Projections vs. Reality
4:38 - Fiscal Policies & Inflation Dynamics
5:34 - Stagflation Threat & Market Mispricing
6:58 - Hard Assets & Investment Opportunities
10:36 - Debasement of Fiat Currencies
18:34 - Global Economic Shifts & Opportunities
25:05 - Final Thoughts on Economic Outlook
Iraq Economic News and Points to Ponder Thursday Afternoon 4-25-24
Iraq Economic News and Points to Ponder Thursday Afternoon 4-25-24
Economist: There Is Serious Work To Lift US Sanctions On Iraqi Banks
Economy | 04/25/2024 Mawazine News – Baghdad The expert in economic affairs, Safwan Qusay, confirmed that there is a joint committee between the US Federal Reserve and the Iraqi Central Bank in order to lift sanctions on some banks.
Qusay said, in a televised interview followed by Mawazine News, that “the joint committee is working to study the activities of the banks sanctioned by the US Federal Reserve.”
He added that “banks that have worked to purchase equipment or tools from sanctioned countries will have sanctions imposed on these banks.” A fine, indicating that the government must work to rehabilitate the banking sector so that it is internationally accepted.”
He pointed out that “the government of Muhammad Shiaa Al-Sudani directed the formation of a joint committee between the US Federal Reserve and the Iraqi Central Bank in order to move towards lifting sanctions on Iraqi banks and restoring the status of the Iraqi banking sector. ” to its global stature.
Iraq Economic News and Points to Ponder Thursday Afternoon 4-25-24
Economist: There Is Serious Work To Lift US Sanctions On Iraqi Banks
Economy | 04/25/2024 Mawazine News – Baghdad The expert in economic affairs, Safwan Qusay, confirmed that there is a joint committee between the US Federal Reserve and the Iraqi Central Bank in order to lift sanctions on some banks.
Qusay said, in a televised interview followed by Mawazine News, that “the joint committee is working to study the activities of the banks sanctioned by the US Federal Reserve.”
He added that “banks that have worked to purchase equipment or tools from sanctioned countries will have sanctions imposed on these banks.” A fine, indicating that the government must work to rehabilitate the banking sector so that it is internationally accepted.”
He pointed out that “the government of Muhammad Shiaa Al-Sudani directed the formation of a joint committee between the US Federal Reserve and the Iraqi Central Bank in order to move towards lifting sanctions on Iraqi banks and restoring the status of the Iraqi banking sector. ” to its global stature. https://www.mawazin.net/Details.aspx?jimare=246721
American Threats Close The Iraqi Stock Exchange At A Loss
Market Economy News – Baghdad The Iraqi Stock Exchange closed the weekend session, losing by 0.35%, as a result of security developments in northern Iraq after the United States threatened to launch strikes inside Iraq.
The main index of the stock exchange reached 1006.5, with 890 million shares traded, worth 1.1 billion dinars, through 817 transactions, on the shares of 40 companies.
As for the most active companies in terms of traded shares, the Middle East Bank led with 200 million shares, worth approximately 243 billion dinars, and the Iraqi Islamic Bank with 182 million shares.
Views 169 04/25/2024 - https://economy-news.net/content.php?id=42823
The Central Bank Warns Of The Dangers Of Misuse Of Electronic Payment Cards
Economy Thursday, April 25, 2024 Baghdad/National News Center
The bank explained in a statement received by the National News Centre, that “reports of misused cards are referred to the Supreme Judicial Council, to take the necessary legal measures in accordance with the Anti-Money Laundering and Terrorist Financing Law No. (39) of 2015 and the instructions issued pursuant thereto.”
The statement indicated that “the bank’s efforts in this field resulted in the issuance of judicial rulings against violators, which included sentences of imprisonment and confiscation of cards.” The Central Bank called on https://nnciraq.com/254022/
The Iraqi Central Bank Sold More Than $270 Million At Auction Today
Economy News – Baghdad Today, Thursday, the Central Bank of Iraq's dollar sales amounted to more than $270 million in the currency auction.
In its auction today, the Central Bank sold 270 million, 897 thousand and 422 dollars, which it covered at a base exchange rate of 1,305 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 1,310 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 264 million 37 thousand and 422 dollars, an increase of 97% over cash sales amounting to 6 million and 860 thousand dollars.
The number of banks that purchased cash dollars reached 6 banks, while the number of banks that responded to requests to enhance balances abroad reached 14 banks, and the total number of exchange and brokerage companies participating in the auction was 58 companies.
Views 104 04/25/2024 - https://economy-news.net/content.php?id=42824
The Bank Of Baghdad Is Moving To Increase Its Capital To 400 Billion Dinars
Bank of Baghdad The Chairman of the Board of Directors of the Bank of Baghdad, Majid Al-Saadi, announced that the meeting of the bank’s general assembly will be held next May 18 in Baghdad.
Al-Saadi said that the next general assembly meeting of the Bank of Baghdad will decide to increase the bank’s capital from 300 billion dinars to 400 billion dinars in response to the Central Bank’s decision, and the increase will be free shares.
He added that the meeting will also discuss concluding a management agreement between the Jordan Kuwait Bank and the Bank of Baghdad. 04/25/2024 - https://economy-news.net/content.php?id=42813
The Price Of Gold Rises And Brent Crude Falls Below $87 Per Barrel
Economy | 12:53 - 04/25/2024 Mawazine News – Baghdad The price of gold ended its decline in recent days, and rose to $2,313 per ounce at the opening in the Asian markets, this morning, Thursday (April 25, 2024), while the price of Brent crude fell below $87 per barrel.
The price of gold fell by about $100 per ounce during the last three days, but it received support from the anxiety prevailing in global stock exchanges.
Gold is a safe haven for investment and demand for it increases when anxiety prevails in the markets.
Financial markets analyst at FX Street, Zwane Mehta, believes that the US growth data for the fourth quarter that will be released on Friday “will have a significant impact on gold prices,” as any slowdown in the US economy will lead to a rise in the price of the yellow metal.
A slowdown in the US economy is prompting the US Federal Reserve to cut interest rates faster, providing further support to gold prices.
On the other hand, oil prices fell this morning amid concerns about the slowdown in the US economy and the future monetary policy of the US Federal Reserve.
Brent crude fell 9 cents to $86.95 per barrel, while the price of Texas Light, Light crude fell 7 cents to $82.74 per barrel. https://www.mawazin.net/Details.aspx?jimare=246696
Dollar Prices Fall In Baghdad With The Stock Market Closing
Economy Thursday, April 25, 2024 Baghdad/National News Center The exchange rates of the US dollar decreased today, Thursday, against the Iraqi dinar in the markets of the capital, Baghdad, with the stock market closed.
The National News Center correspondent said, “Dollar prices fell with the closure of the Al-Kifah and Al-Harithiya stock exchanges in Baghdad, recording 146,300 dinars for every 100 dollars, as prices recorded 146,600 dinars this morning.”
He added, "Prices decreased in banking shops in local markets in Baghdad, where the selling price reached 147,000 dinars for 100 dollars, while the purchase price reached 146,000 dinars."
To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/
Provoking Points To Ponder on Failures and Mistakes
Through failure, we learn a lesson in humility which is probably needed, painful though it is.- Bill W.
Nothing is a waste of time if you use the experience wisely.- Auguste Rodin
From the errors of others, a wise man corrects his own.- Publilius Syrus
Learn from the mistakes of others - you can't live long enough to make them all yourself.- Martin Vanbee
The entire history of science is a progression of exploded fallacies.- Ayn Rand
Don't use the conduct of a fool as a precedent.- Talmud
Wise men learn by other men's mistakes, fools by their own.- H. G. Bohn
http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html
Iraqi Dinar Video Update Thursday Afternoon 4-25-24
Iraqi Dinar Video Update Thursday Afternoon 4-25-24
Finally CBI Show ON Screen IQD New Rate – 2:59
World Bank Confirmed IQD RV - 3:38
Vice President Statement iqd dinar Exchange Rate – 3:05
Iraqi Dinar Video Update Thursday Afternoon 4-25-24
Finally CBI Show ON Screen IQD New Rate – 2:59
World Bank Confirmed IQD RV - 3:38
Vice President Statement iqd dinar Exchange Rate – 3:05
Finally CBI Show ON Screen IQD New Rate – 2:59
World Bank Confirmed IQD RV – 3:38
Vice President Statement iqd dinar Exchange Rate – 3:05
Some “Thursday News” Posted by TNT Members 4-25-2024
TNT:
CandyKisses: US threats close the Iraqi stock exchange at a loss
Economy News - Baghdad
The Iraqi stock exchange closed the weekend session, losing 0.35%, as a result of security developments in northern Iraq after the threat of the United States of America, strikes inside Iraq.
The bourse's main index reached 1,006.5, trading 890 million shares, worth 1.1 billion dinars, through 817 deals, on the shares of 40 companies.
As for the most active companies in terms of traded shares, the Middle East Bank topped the list with 200 million shares, worth about 243 billion dinars, and the Iraqi Islamic Bank with 182 million shares.
TNT:
CandyKisses: US threats close the Iraqi stock exchange at a loss
Economy News - Baghdad
The Iraqi stock exchange closed the weekend session, losing 0.35%, as a result of security developments in northern Iraq after the threat of the United States of America, strikes inside Iraq.
The bourse's main index reached 1,006.5, trading 890 million shares, worth 1.1 billion dinars, through 817 deals, on the shares of 40 companies.
As for the most active companies in terms of traded shares, the Middle East Bank topped the list with 200 million shares, worth about 243 billion dinars, and the Iraqi Islamic Bank with 182 million shares.
Tishwash: Analyst: Al-Sudani is the first prime minister to work around the clock
Political analyst Alaa Al-Azzawi confirmed today, Thursday, that Prime Minister Muhammad Shiaa Al-Sudani is considered the first prime minister to work around the clock, and his closeness to citizens increased his popularity, and Iraq has never seen a prime minister this close.
Al-Azzawi told the Iraq Observer Agency that the Prime Minister was on an official visit last week in the United States of America, and the world saw how he wandered here and there and the meetings and agreements that were concluded, as well as the meetings with senior officials in the United States of America, and when he returned to Iraq at the beginning of this week, he received On Monday, Turkish President Recep Tayyip Erdogan, in addition to holding intensive dialogues, and not least, Al-Sudani’s visit to Anbar Governorate yesterday, Wednesday, and his meeting with department directors.
He pointed out that this feeling and belonging in closeness to the citizen raised the level of trust that the citizen lost during two decades, in addition to the presence of general satisfaction with the general policy of the ministerial cabinet, which is considered the first government close to the people. link
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CandyKisses: Deputy: The development road will reduce the transport of goods from Basra to the heart of Europe by 72 hours
Deputy: The development road will reduce the transport of goods from Basra to the heart of Europe by 72 hours
Information / Baghdad
MP Mudar Al-Karawi confirmed on Thursday the existence of 3 advantages of the Iraqi development road.
Al-Karawi said in an interview with Al-Maalouma that "the development road is a strategic development project that will start from the ports of Basra towards Turkey and from there to the heart of Europe with land tracks, railways and investments that may reach $ 18 billion."
He added, "The road is characterized by 3 important points, most notably reducing the extent of transporting goods from Basra to the heart of Europe in 72 hours, while all similar projects in the region have a double trip in terms of time, cost and logistical challenges, which makes the development road the most important genealogy."
He pointed out that "many countries have expressed their desire to have significant investments in projects on the development road, which will be implemented in 2025."
The development road is one of the strategic projects in Iraq, which will launch its first phase during 2025.
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Tishwash: Will the agreements signed with the US Treasury reflect positively on the exchange rates?
Today, Thursday, economic expert Abdul Rahman Al-Mashhadani stated the possibility of Iraqi getting a green light to contract with Iranian companies that are not sanctioned by the United States, while anticipating the impact of the Central Bank’s agreement with the US Treasury on exchange rates.
Al-Mashhadani said, in an interview with Al-Iqtisad News, “The visit of the Prime Minister, Muhammad Shiaa Al-Sudani, to America is very positive, but so far the results of what was agreed upon in Washington have not appeared.”
He added: “It is hoped that the Central Bank of Iraq will announce the measures that were agreed upon in Washington, which could have a positive impact on the exchange rate,” pointing out that “the real problem of exchange rates has not yet been solved, which is dealing in trade with banned countries.” .
The economic expert explained, “The economic aspect was the main focus of Sudanese’s visit to Washington, and it became clear through the meetings and discussions held by the Central Bank of Iraq, with the US Treasury regarding the sanctions imposed on Iraqi banks or even the issue of financial transfers to Iran, in addition to the required investments, which "It is possible to sign in the energy field."
He stressed, "Iraq got the other light by contracting with unsanctioned Iranian companies, which allowed the Ministry of Electricity to sign a contract to recover Iranian gas for a period of five years, at a time when the government is heading to end this file after 3 years, according to what was announced link
Tishwash: The most difficult option.. Warnings of the danger of floating the Iraqi dinar without achieving an “important condition”
Economist Nabil Al-Marsoumi warned today, Thursday (April 25, 2024), of the dangers of floating the Iraqi dinar, noting that such a step could lead to the dinar witnessing a violent collapse and rampant inflation that would jump prices to insane levels.
Al-Marsoumi said in a post on the social networking site “Facebook”, followed by “Baghdad Today”, that “some are proposing a solution to address the double price of the dollar against the dinar and the existence of a large gap between the official and parallel prices through a free float of the Iraqi dinar,” indicating, “i.e. Turk.” The dinar is in the market to find its price against foreign currencies through the interaction of the forces of supply and demand.
Al-Marsoumi added, “Such a decision has some economic positives,” adding, “But the economy should not be taken in its abstract aspect, but rather insofar as it relates to people, especially the poor.”
He continued, "In light of Iraq's lack of a national private sector that could contribute to increasing the supply of dollars in the Iraqi market, and because of the large volume of imports, which reach 67 billion dollars annually, the only party that owns the dollar is the government," explaining that "in the event that the government decides not to intervene." In the exchange market, it is expected that the dinar will witness a violent collapse and rampant inflation that will cause prices to rise to insane levels that will cause severe damage to citizens’ living standards, and the poor will become more miserable, and will later lead to social tensions and a major rift in the social peace.”
It is noteworthy that the floating exchange rate or currency float is the currency exchange rate that has been floated so that it has become completely liberalized, so the government or the central bank does not interfere in determining it directly, but rather it is released automatically in the currency market through the supply and demand mechanism that allows the price to be determined. Exchange the national currency against foreign currencies.
It is worth noting that the price of the dollar in the local markets is still experiencing a state of instability between rises and falls, even though the official price in the Central Bank of Iraq is 132,000 dinars per 100 dollars, but in the local markets it is witnessing an increase of more than ten points and may at times reach double this.
The number is despite the numerous measures and packages launched by the Central Bank of Iraq, where some attribute that the reason for this confusion in prices is the result of smuggling operations and speculation in the black market for currency link
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Tishwash: Will the US withdraw from Iraq?
For the Biden administration, the primary concern regarding Iraq is to avoid a recurrence of the chaotic scenes witnessed during the withdrawal from Afghanistan
It is being speculated that Israel's ongoing attacks on Gaza since October have prompted a reassessment of the United States' regional policies, sparking discussions within the Joe Biden administration about the potential withdrawal of U.S. troops from Syria and Iraq.
Allegations initially raised by major media outlets like Reuters earlier in the year have resurfaced in light of recent developments in the region.
While these claims have not been officially verified, conflicting statements are emerging from official sources regarding the matter. It is widely recognized that the U.S. Department of Defense (Pentagon) has been the most resistant to the notion of ending the "endless wars," a concept often debated during the tenure of former President Donald Trump but never actualized. However, this issue transcends mere institutional sovereignty; arguments such as the ongoing fight against Daesh no longer suffice to convince the American public to support the expenditure of their tax dollars beyond their borders.
Furthermore, the consistent support for withdrawal in Trump's stance, coupled with his rising popularity in polls leading up to the upcoming elections, adds pressure on the Biden administration to address this matter decisively.
According to reports in the international press, the issue of U.S. withdrawal from Syria has not yet been addressed. The current focus lies on the U.S. presence in Iraq. Iraqi Prime Minister Mohammed S. Al Sudani has repeatedly stated that the mission of the U.S.-led coalition forces in the country has concluded and they should withdraw.
Additionally, the Iraqi Foreign Ministry has announced an agreement between Baghdad and Washington to establish a commission aimed at initiating discussions about the future of the U.S.-led military coalition in Iraq. This commission will be tasked with determining a timetable for the gradual withdrawal of troops and the eventual termination of the coalition's presence.
Iraq vs. Afghanistan contexts
For the Biden administration, the primary concern regarding Iraq is to avoid a recurrence of the chaotic scenes witnessed during the withdrawal from Afghanistan. As Trump emphasized, such "ineptitude" not only undermined U.S. hegemony in Afghanistan but also had repercussions extending from the Gulf to Eastern Europe. The resulting power vacuum led to new regional alliances, such as the Saudi-Iran rapprochement, which excluded the U.S. Moreover, it emboldened China and Russia in their pursuit of expanding spheres of influence.
Hawks in the U.S. assert that a scenario akin to the "apocalypse" witnessed in Afghanistan would unfold should they withdraw from Iraq. However, the contexts of the two nations differ significantly. Despite enduring years of U.S. occupation, Iraq maintains a functional state apparatus and an integrated democratic political system, setting it apart from Afghanistan. Moreover, its economy is self-sustaining.
The impediments to normalization in Iraq include not only the presence of the U.S. and proxy groups like the PKK but also Iran's military presence in the region.
In this context, Türkiye's role proves invaluable. Ankara boasts seamless political, commercial and cultural ties not only with Iraq's central government but also with the Kurdistan Regional Government (KRG) in the north. President Recep Tayyip Erdoğan's recent visit to Iraq unequivocally underscored Türkiye's pivotal role in fostering stability in the country.
Should the mutual occupation by the U.S. and Iran in Iraq cease, Türkiye could naturally assume a significant role as a mediator in the transitional phase. Such dialogue would serve as a crucial cornerstone for regional peace. link
More News, Rumors and Opinions Thursday Afternoon 4-25-2024
KTFA:
RMF: Probably just another coincidence but same date as ascension to WTO:
Member of the Parliamentary Finance Committee, Haitham Al-Zahwan, announced on the 21st of this month, “There is a possibility to send the 2024 budget and approve it before the legislative recess of the House of Representatives begins next May 9.
RMF: Just another reason to believe the rate is about to change: Wonder if it will be retro ? President Biden has formally proposed the highest top capital gains tax in over 100 years
The proposed Biden top capital gains tax rate is more than twice as high as China’s rate.
KTFA:
RMF: Probably just another coincidence but same date as ascension to WTO:
Member of the Parliamentary Finance Committee, Haitham Al-Zahwan, announced on the 21st of this month, “There is a possibility to send the 2024 budget and approve it before the legislative recess of the House of Representatives begins next May 9.
RMF: Just another reason to believe the rate is about to change: Wonder if it will be retro ?
President Biden has formally proposed the highest top capital gains tax in over 100 years
The proposed Biden top capital gains tax rate is more than twice as high as China’s rate.
Clare: Urgent... Source for Al-Furat News: The Council of Ministers holds a session this afternoon
4/25/2024
An informed source revealed that the Council of Ministers will hold a session this afternoon, Thursday
The source told {Al-Furat News} agency, "The Council of Ministers will hold at one o'clock this afternoon a make-up session for a session that was missed due to Prime Minister Muhammad Shiaa al-Sudani's travel to Washington last week."
The Council of Ministers holds regular sessions every Tuesday of the week.
It is noteworthy that Prime Minister Muhammad Shiaa Al-Sudani visited Washington on April 14, lasting for about a week, during which he met with US President Joe Biden and officials in his administration, including the Minister of Defense, as well as businessmen, heads of companies, Iraqi communities in the United States, and foreign media. LINK
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Clare: Al-Sudani will visit Saudi Arabia at the end of this month
4/25/2024
An informed political source said on Thursday that the Iraqi Prime Minister will pay a visit to Saudi Arabia at the end of this month.
The source told Shafaq News Agency: “The visit comes to participate in the special meeting of the World Economic Forum, which will be hosted by Riyadh on April 28 and 29.”
Last week, the Iraqi Prime Minister made a visit to the United States of America that lasted for several days. LINK
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 [Iraq boots-on-the-ground report] FIREFLY: They are telling us on TV news about Iraq accession to WTO May 9th. FRANK: There you go. Iraq [will be] part of WTO as of May 9th.
Mnt Goat The reinstatement is coming, it won’t be years anymore and I firmly believe from what we already know and what we are now witnessing, the writing is on the wall, but just not yet. Do you hold large sums of Iraqi dinar? Are they the larger three zero notes issued after 2003? If so, you just might be a millionaire sooner than later. In the month of April, Iraqi reforms has made monumental leaps and bounds even since 2023. Folks, it’s about to EXPLODE! It is now openly evident...It would be foolish to turn back now. Full speed ahead, choo-choo.
Alert! STOCK MARKET FUTURES ARE CRATERING! ECONOMY MUCH WORSE THAN "EXPECTED."
Greg Mannarino: 4-25-2024
Peter Schiff on 50% Gold Allocation, Economy Crash Landing, Intrinsic Value & Bitcoin Regrets
Natalie Brunell: 4-25-2024
“Coffee With MarkZ” Thursday Morning Chat 4-25-2024
PDK Note: I will only transcribe RV Related or Intel with Financial relevance. If any certain political –type picture is posted on Marks videos I will not show it. If it’s a stream mainly about politics…I will not do notes.
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: TODAY is the day Noah’s Ark landed, and the day the Red Sea parted Expect a HUGE day today.
Member: Does the fiat dollar crash, the stocks crash first then the RV? Or will the RV crash the market?……
Member: Sounds like what came first- the chicken or the egg?
PDK Note: I will only transcribe RV Related or Intel with Financial relevance. If any certain political –type picture is posted on Marks videos I will not show it. If it’s a stream mainly about politics…I will not do notes.
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: TODAY is the day Noah’s Ark landed, and the day the Red Sea parted Expect a HUGE day today.
Member: Does the fiat dollar crash, the stocks crash first then the RV? Or will the RV crash the market?……
Member: Sounds like what came first- the chicken or the egg?
MZ: It was quiet overnight on the bond side. No news since yesterday. But we had such tremendous movement the last couple of days I am not worried about it.
MZ: In Iraq “ Iraq’s Federal Board of Supreme Audit exposes US $600 million corruption scandal involving “ghost travelers” Iraq allowed people to get US cash when they said they were going to travel abroad. People were getting cash and were not traveling at all…and the money went to the parallel markets…... The US claims this is “corruption” This is more proof paoitive they need to change that dinar rate as soon as possible.
Member: Al Sudani walked with his people and took pictures. His people were showing Sudani lots of love
Member: Yes- Nader posted a video showing Sudani walking the street, mingling with citizens letting them know he cares about them and allowing selfies.
Member: Last night on Whiskey and Winning the consensus from the guys is we are not winning this thing….How can bonds be moving ? Which means we follow and Nesara after?
MZ: It doesn’t have to be one or the other. Both sides need a economic reset. Both sides need commodities to win because that is their only way out. So both sides need the reset, bonds to move and money to change hands. But one of the sides does not want the political changes of Nesara….That is where it is a little spookier. Either way its good news for us that we have prepared ourselves .
Member: Think of this War as a "Tug of War". Our side is growing with people waking up. Their side is shrinking. It's just a matter of time, and they are panicking!
MZ: Many are preparing for a “blood letting “ tomorrow on the DOW. Tomorrow we may get some huge drops.
Member: I will be surprised if the rats don’t manipulate the market back up so the loss is minimal.
MZ: I expect a crash on Friday because more inflation numbers are coming out then. This should obliterate the hopes of a rate cut. If they do announce a rate cut- then the whole market is going to know that inflation is getting ready to go through the roof. Either way I believe tomorrows news is going to be bad. Maybe Jaime Dimons statement that a “soft landing” is never going to be an option is true?
Member: All news is bad from everyone everywhere. There is no good news anywhere in this world right now.
Member: Mark…thoughts…could the scare event be a market crash by chance?? A lotta people could be like “meh” with nuclear stuff, but mess with their money and “The sky is falling and world is ending”?
Member: The market has 3 levels of circuit breakers. 1st is 7%, the 2nd is 13%, and the third is 20%. We are currently only down 1.7 % for the dow.
Member: Let's hope tomorrow is the crash we have been expecting... You can't make an Omelet without breaking a few economies
Member: Any news on the Bolivar.
Member: The Venezuelan leader's aspirations for BRICS membership are anticipated to crystallize at the upcoming summit in Russia this October. Dumping the US Dollar.
Member: Yesterday I heard when we go to redeem they look at serial numbers of our currency to see who bought them?
MZ: When you go to the bank or grocery store-do they search your serial numbers when depositing or spending it? This is more insanity that people get fed as misinformation……I want to hit myself in the head with a mallet at some of this.
Member: I believe that we need to stop the fear porn ... it doesn't matter what the rates are, trusts, serial numbers, being probed ... STOP and just realize that you are being BLESSED because U R Chosen
MZ: The Economic Ninja did a video on the Iraq currency yesterday. More and more people are talking about it. Even Jaimie Dimon said the dinar was going to be the economic savior of the entire world. Sudani has already told us they are going to increase the value and remove the zeros. It’s going to happen.
Member: when we exchange... do we need to put all like currency together or keep each purchase separate?
Member: I put each currency in a separate envelope with the name of the currency on it and then another envelope with any receipts I had.
Member: Today's word is "exhaustipated" too tired to give a sh*t…lol
Member: Nobody better say “trust the plan” or “Its all a movie” to me today or I will explode!!!
Member: After the reset i don’t want to see or eat popcorn ever again in my life
Member: I have so many friends losing patience in this and kinda giving up. they are tired of the lies/not seeing anything happening
Member: I agree this Shit Show should have been over a LONGGG Time ago! The Suffering is becoming OBSCENE! I
Mod: SHOW US THE MONEY AND WATCH THE WORLD CHANGE IN A BLINK OF AN EYE!!!
MZ: I agree.
Member: I heard the RV delay was for our safety. Now things are under control?
Member: I can't believe after today there is only 5 days left in this month
Member: A reset/RV and Nesara would fix most problems worldwide. I pray they are not just a fairy tale or myth.
Member: If Whitehats do exist- they better do something soon or there will be nothing in this world left to save.
Member: If we only need 30% of the bond people to go before we get our turn to exchange….I beleive we are very close.
Member: Use this time to make decisions about what we want to do to help THIS World become a truly loving place for ALL to live!!
Member: I know we are all tired and frustrated but try to keep positive that “suddenly” good things will happen.
Member: Mark, thanks as always…Everyone have a nice day
Member: Mark thank you for your podcast and renewing my faith that there are still sane people still around
Mod: DR. SCOTT YOUNG WILL BE JOINING US ON TONIGHT'S PODCAST!!
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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.