Dinar Recaps Blog Page — Dinar Recaps (2024)

News DINARRECAPS8 4/22/24 News DINARRECAPS8 4/22/24

The First Iraqi Bank To Reap A Realistic Result From Al-Sudani’s Visit To Washington

The US International Development Finance Corporation (DFC) and the US Agency for International Development (USAID) signed a $50 million loan agreement for the National Bank of Iraq (NBI), with the aim of expanding access to finance for entrepreneurs.

Prime Minister Muhammad Shiaa Al-Sudani witnessed the signing ceremony of the agreement on the sidelines of the meeting of the Iraqi-American Supreme Coordination Committee in Washington.

This loan, which was attended by the CEO of the American International Development Finance Corporation, Scott Nathan, and the Chairman of the Board of Directors of the National Bank of Iraq, Bassem Khalil Salem, is the first loan provided by the American International Development Finance Corporation to a commercial bank in Iraq.

Iraq Economic News and Points to Ponder Late Sunday Evening 4-21-24

The First Iraqi Bank To Reap A Realistic Result From Al-Sudani’s Visit To Washington

Prime Minister Muhammad Shiaa Al-Sudani witnessed the signing ceremony of the agreement on the sidelines of the meeting of the Iraqi-American Supreme Coordination Committee in Washington.

Central Bank: The Volume Of Trade With The UAE Reaches $17 Billion

Economy Sunday, April 21, 2024 9:30 AM Baghdad/National News Center The Governor of the Central Bank of Iraq, Ali Al-Alaq, revealed the amount of the bank’s reserves of US dollars and gold.

Al-Alaq told the CNBC Arabic website that the Central Bank has a foreign reserve of more than 100 billion dollars, indicating that the bank’s gold reserves amount to more than 130 tons, most of which are located in England.

Speaking about Iraqi foreign trade, Al-Alaq pointed out that the volume of trade with the UAE amounts to $17 billion and is paid in UAE dirhams, pointing out that the First Abu Dhabi Bank is the one responsible for the trade transfers in UAE dirhams. https://nnciraq.com/253612/

US International Development Allocates $50 Million To The National Bank Of Iraq To Finance Entrepreneurs In Iraq

Economy News – Baghdad The US International Development Finance Corporation (DFC) and the US Agency for International Development (USAID) signed a loan agreement worth $50 million for the benefit of the National Bank of Iraq (NBI), with the aim of expanding access to financing for entrepreneurs.

Iraqi Prime Minister Muhammad Shiaa Al-Sudani witnessed the signing ceremony of the agreement. On the sidelines of a meeting of the Iraqi-American Supreme Coordination Committee.

After signing the agreement, Al-Salem said: “We are proud to be the first commercial bank in Iraq to sign a loan agreement from the US International Development Finance Corporation and the US Agency for International Development, and we see this partnership as an important step and a unique opportunity to support economic and investment growth in Iraq by enhancing the capabilities of Ruwwad.” businesses and increase their opportunities to obtain the necessary financing to support their projects.”

Al-Salem extended his thanks to the Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, to His Excellency the Governor of the Central Bank of Iraq, Dr. Ali Mohsen Al-Alaq, and to the international financial institutions for their continued support for entrepreneurs and small and medium-sized companies, stressing the National Bank of Iraq’s commitment to achieving the two sides’ shared vision for progress and prosperity in the country, pointing out that this The agreement will be a strong incentive to achieve these goals.

CEO of the US International Development Finance Corporation, Scott Nathan, affirmed the company’s commitment to unleashing Iraq’s economic potential and empowering its private sector by providing meaningful financial support to small projects.

He said: “Today’s announcement is an important step in advancing our efforts. This investment will contribute to increasing access to... First-time female borrowers and entrepreneurs access financing across Iraq.”

For her part, USAID Mission Director in Iraq, Ellis Jensen, said: “Access to financing is the main driver in the process of innovation, economic growth, and job creation, so USAID’s support will enable private banks to overcome liquidity challenges and provide affordable business loans.”

For small projects, and through our partnership with the National Bank of Iraq and the US International Development Finance Corporation, we will help create a stronger, more diverse, and more inclusive private sector in Iraq.”

In turn, the Managing Director of the National Bank of Iraq, Ayman Abu Dhaim, said: “The Iraqi government’s commitment to creating an environment conducive to growth, and the strategic focus of the Prime Minister and His Excellency the Governor of the Central Bank of Iraq on empowering small and medium enterprises, is a major focus in our reaching this important achievement.

We are confident “This cooperation will support the creation of a more inclusive and dynamic economy in Iraq.”

It is expected that this loan will contribute to increasing opportunities for small Iraqi companies to obtain financing through the largest private sector bank in Iraq. This initiative will give priority to first-time borrowers and will allocate funding to projects owned by women, which attests to the increase in the number of small projects in Iraq.

In addition to financing, during the project preparation, USAID provided advisory services to facilitate loan negotiations between the National Bank of Iraq and the American International Development Finance Corporation and accelerate the completion of the deal, while the American International Development Finance Corporation is considered the official lender.

189 views 04/21/2024 - https://economy-news.net/content.php?id=42657

Surpassing Saudi Arabia...Iraqi Oil Exports To America Increased During The Past Week

Economy | 04/21/2024 Mawazine News – Baghdad The US Energy Information Administration announced on Sunday that Iraq's oil exports to America rose over the past week.

The administration said in a table seen by Mawazine News, “The average US imports of crude oil during the past week from 8 major countries amounted to 4.832 million barrels per day, down by 265 thousand barrels per day compared to the previous week, which amounted to 5.097 million barrels per day.”

She added, "Iraq's oil exports to America came in second place after Canada, reaching 308,000 barrels per day last week, an increase of 166,000 barrels per day from the previous week, which reached 142,000 barrels per day."

The administration also indicated that "the majority of America's oil revenues during the past week came from Canada at an average of 3.458 million barrels per day, followed by Colombia with an average of 246 thousand barrels per day, and from Saudi Arabia at an average of 229 thousand barrels per day."

According to the table, “the amount of American imports of crude oil, from Mexico, was at a rate of 208 thousand barrels per day, from Brazil at a rate of 189 thousand barrels per day, from Nigeria at a rate of 173 thousand barrels per day, and from Libya at a rate of 21 thousand barrels per day.”

https://www.mawazin.net/Details.aspx?jimare=246358

The Dollar Declines Against The Dinar In Baghdad And Erbil

Economy | 04/21/2024 Mawazine News – Baghdad The exchange rates of the US dollar decreased this morning, Sunday, in the markets of Baghdad and Erbil.

Dollar prices dropped with the opening of the Al-Kifah and Al-Harithiya stock exchanges, recording 147,200 dinars for every 100 dollars.

While the selling prices in exchange shops in the local markets in Baghdad decreased, as the selling price reached 148,250 dinars, while the purchasing price reached 146,250 dinars for every 100 dollars.

As for Erbil, the dollar also recorded a decline in exchange shops, as the selling price reached 147,150 dinars against the dollar, and the purchase price reached 147,000 dinars against 100 dollars.

https://www.mawazin.net/Details.aspx?jimare=246369

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

Provoking Points To Ponder on Failures and Mistakes

There is much to be said for failure. It is more interesting than success.-Max Beerbohm

Failure sometimes enlarges the spirit. You have to fall back upon humanity and God.-Charles Horton Cooley

It is often the failure who is the pioneer in new lands, new undertakings, and new forms of expression. -Eric Hoffer

Let us not be needlessly bitter; certain failures are sometimes fruitful.-E. M. Cioran

If I win several tournaments in a row, I get so confident I'm in a cloud. A loss gets me eager again.-Chris Evert Lloyd

There's nothing that cleanses your soul like getting the h*** kicked out of you.-Woody Hayes

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

http://famousquotesandauthors.com/quotes_by_topic.html

Chats and Rumors, Video, Vn Dong DINARRECAPS8 4/22/24 Chats and Rumors, Video, Vn Dong DINARRECAPS8 4/22/24

Iraqi Dinar Video Update Sunday Evening 4-21-24

Finally Iraqi Dinar Revaluation Approved Today – 2:39

Wells Fargo Confirmed IQD 2.78$ New Rate Exchange Rate – 3:02

This Big News Coming Out From Iraq – 3:13

Iraqi Dinar Video Update Sunday Evening 4-21-24

Finally Iraqi Dinar Revaluation Approved Today – 2:39

Wells Fargo Confirmed IQD 2.78$ New Rate Exchange Rate – 3:02

This Big News Coming Out From Iraq – 3:13

Finally Iraqi Dinar Revaluation Approved Today – 2:39

https://www.youtube.com/watch?v=LUxFU0YtedY

Wells Fargo Confirmed IQD 2.78$ New Rate Exchange Rate – 3:02

https://www.youtube.com/watch?v=XTZ6jCVGuFY

This Big News Coming Out From Iraq – 3:13

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

Humor Dinar Recaps 20 4/21/24 Humor Dinar Recaps 20 4/21/24

Mot: ... ooooooh - oooooh -oooooh deeeeer! - ((( Uve beeeeeen Warneded )))

Olaf the Norseman is shopping at a supermarket when he comes across an old lady in a wheelchair, almost in tears.

"What's the matter?" asks Olaf.

"Oh," sobs the old lady. "I want to have a look at the frozen puddings but, as you can see, there are three steps down into the chiller cabinets."

"No problem," says Olaf, lifting her onto his back. "I'll take you."

Olaf strolls through the chiller cabinets with the old lady on his back. She selects several puddings and puts them in the basket he is carrying for her.

At the other end the old lady's husband is waiting with her wheelchair.

Mot: ... ooooooh - oooooh -oooooh deeeeer! - ((( Uve beeeeeen Warneded )))

Olaf the Norseman is shopping at a supermarket when he comes across an old lady in a wheelchair, almost in tears.

"What's the matter?" asks Olaf.

"Oh," sobs the old lady. "I want to have a look at the frozen puddings but, as you can see, there are three steps down into the chiller cabinets."

"No problem," says Olaf, lifting her onto his back. "I'll take you."

Olaf strolls through the chiller cabinets with the old lady on his back. She selects several puddings and puts them in the basket he is carrying for her.

At the other end the old lady's husband is waiting with her wheelchair.

"I'd really like to thank you," says the old lady as Olaf sets her back down in the chair, "but I don't even know who you are!"

Olaf just waves and walks off.

"I was really worried about you," says the old lady's husband. "What have you been doing?"

She replies, "Well, I've been through the desserts on a Norse with no name."

Mot: And asked, "Do you understand what cooperation is? What a team is?"

At one point during a game, the coach called one of his 9-year-old baseball players aside

And asked, "Do you understand what cooperation is? What a team is?"

"Yes, coach", replied the little boy. "

Do you understand that what matters is whether we win or lose together as a team?"

The little boy nodded in the affirmative.

"So," the coach continued, "I'm sure you know, when an out is called, you shouldn't argue,

curse the umpire or call him an ashole. Do you understand all that?"

Once more, the small boy nodded in agreement.

The coach continued, "And when I take you out of the game so that another boy gets a chance to play,

it's not a dumb-ass decision or that the coach is a shoothead is it?"

"No, coach."

"Good", said the coach. "Now go over there and explain all that to your grandmother.”

Credits Goes to the respective Author ~

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Mot: Continues to simply Amaze me the important Facts of Life You find on the Net....

Dinar Recaps Blog Page — Dinar Recaps (2)

Mot: .. and Yet Another ""Time Saving Tip"" frum ole Mot!!

Dinar Recaps Blog Page — Dinar Recaps (3)

Mot: . This is Only theoretical ... Just Hasnt happened Yet!!!

Dinar Recaps Blog Page — Dinar Recaps (4)

Chats and Rumors, Economics Dinar Recaps 20 4/21/24 Chats and Rumors, Economics Dinar Recaps 20 4/21/24

Credit Crisis Is Now Worse As 50 Million Americans Stop Paying Creditors!

Atlantis Report: 4-20-2024

The United States is facing an unprecedented financial crisis. As many as 50 million Americans have stopped paying their creditors, causing a massive disruption in the country's credit system.

This development has sent shockwaves throughout the economy, with lenders trying to minimize the damage while consumers struggle to manage their increasing debts.

The American economy has faced many challenges recently, but none are as dangerous and pervasive as the credit crisis.

With over 50 million Americans ceasing payments to creditors, the situation has escalated beyond warning signs to a full-blown economic emergency.

Credit Crisis Is Now Worse As 50 Million Americans Stop Paying Creditors!

Atlantis Report: 4-20-2024

The United States is facing an unprecedented financial crisis. As many as 50 million Americans have stopped paying their creditors, causing a massive disruption in the country's credit system.

This development has sent shockwaves throughout the economy, with lenders trying to minimize the damage while consumers struggle to manage their increasing debts.

The American economy has faced many challenges recently, but none are as dangerous and pervasive as the credit crisis.

With over 50 million Americans ceasing payments to creditors, the situation has escalated beyond warning signs to a full-blown economic emergency.

This is why people are falling behind on payments, and now the consequences of increased consumer debt begins.

https://www.youtube.com/watch?v=mewlmoAI7-w

The Banks Are Insolvent! - You NEED Gold & Silver (W/ Lynette Zang)

Smart Silver Stackers

Today I had the pleasure of speaking with Lynette Zang. We cover the looming banking crisis, inflation, gold, silver & more!

https://www.youtube.com/watch?v=nzDX7TcSiHc

Gold Owners Will Dominate In New Monetary System | Clive Thompson

Liberty and Finance: 4-20-2024

"Governments around the world are getting more worried about holding Treasuries," says Clive Thompson, retired managing director of wealth management formerly working in Swiss private banking.

In the event of a Dollar crisis, "those who have the gold will still be calling the shots." He expects the Dollar as we know it to disappear and be replaced with a Central Bank Digital currency system. Paper Dollars will no longer be spendable at some point, Clive says.

INTERVIEW TIMELINE:

0:00 Intro

1:09 Eastern gold demand

13:00 Gold = Power

17:40 Silver demand

23:35 CBDC

https://www.youtube.com/watch?v=7LviSs0UrkM

Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 4/21/24 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 4/21/24

Goldilocks' Comments and Global Economic News Sunday Evening 4-21-24
Good Evening Dinar Recaps,

Hong Kong Digital Banking Announcement:

Hong Kong is offering new guidance on their TM Systems Technology currently in development.

TM System's "goal is to become global leaders in security consulting services and location-based analytics along with software development."

This new technology will help them with their new in-house Derivatives Platform. It will run on the Orion Derivatives Platform. And, it has enhanced trading and clearing capabilities that will enable them to run almost 24 hours a day.

Hong Kong already has their own electronic security system, and this new system is currently in process of being developed for added security protection going forward on their derivatives platform.

Goldilocks' Comments and Global Economic News Sunday Evening 4-21-24
Good Evening Dinar Recaps,

Hong Kong Digital Banking Announcement:

Hong Kong is offering new guidance on their TM Systems Technology currently in development.

TM System's "goal is to become global leaders in security consulting services and location-based analytics along with software development."

Hong Kong already has their own electronic security system, and this new system is currently in process of being developed for added security protection going forward on their derivatives platform. Mayer Brown Finance Feeds Linkedin Trade Easy

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"Putin Orders Developing Grain Exchange Mechanism between BRICS Countries"

This new "Grain Exchange Mechanism" involves the BRICS group being encouraged to buy from local producers directly.

This proposal is being submitted to The BRICS summit in October. Russia has already shared with us last week that they are evolving into a Gold Standard economy in the country.

This collective shift in trade mechanisms has the capacity to transition the Global Trading Economy as the BRICS system grows.

It has ripple effects on how the Federal Reserve's suppression of gold will play out in the releasing of caps on gold in order to be competitive in Global Trading.

This move by Russia has the power to challenge the dollar under a Gold Standard regimen.

A revaluation in the gold price will profoundly affect our new tokenized assets that are backed by gold including our Stablecoins that are backed by gold. See News Youtube

"All roads lead to gold, and "digital gold" will set us free.

WATCH THE WATER.

Yesterday, theDeutsche Bundesbankannounced plans to work with the Massachusetts Institute of Technology’s Digital Currency Initiative (MIT DCI) to explore privacy and security solutions for central bank digital currency (CBDC).| Ledger Insights

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On 3 March 2024, the EU co-legislators adopted Regulation (EU) 2024/886 on instant credit transfers in euro, often called the ‘Instant Payments Regulation’ (IPR).

The IPR was published in the Official Journal of the European Union on 19 March 2024 and entered into force twenty 20 days thereafter (i.e. on 8 April 2024) the text is availablehere (https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=OJ:L_202400886).

Of course, it doesn’t mean that payment service providers (PSPs) will have to comply with all IPR rules right away, but instead, the IPR goes together with a number of key implementation deadlines. TwoBirds

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Canada's Real-Time Rail program resumes with renewed momentum |Payments

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"Project FuSSE (Fully Scalable Settlement Engine, pronounced asfyooz) is a BIS Innovation Hub project that aims to modernize financial market infrastructures for the demands of the digital age. In the face of a rapidly digitizing economy, the traditional systems face myriad challenges. FuSSE offers an open-source solution designed to meet these evolving demands head-on.

Project FuSSE marks the first collaboration between the BIS and the Inter-American Development Bank (IDB), following an agreement signed by the two institutions in September 2023. The presentation of FuSSE's progress and the official start of technical cooperation between both entities took place in Washington, D.C., in an event attended by the BIS general manager, Agustín Carstens, the president of the IDB, Ilan Goldfajn, and the governors of central banks from Chile, Colombia, and Uruguay."BIS

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What the Iraqi PM Told Iraqi People Living in the US on Thursday |Youtube

👆 Goldilocks pointed to this video

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If you missed the SNL call last night with Freedom Fighter and Jesterbreaking down Goldilocks posts, you can find the mp3 recording in the Archive Room Here:https://t.me/c/1570377332/39328/39735

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Chats and Rumors, Economics Dinar Recaps 20 4/21/24 Chats and Rumors, Economics Dinar Recaps 20 4/21/24

KTFA:

Clare: CEO of JPMorgan Chase expresses Support for Iraq

21st April 2024By John Lee.

Prime Minister Mohammed Shia al-Sudani received Mr. Jamie Dimon, the CEO ofJPMorgan Chase, and his accompanying delegation on Wednesday, during his visit to the Washington DC.

During the meeting, they discussed the government's efforts in implementing financial and banking reforms, aiming to revitalize the economic situation and achieve development.

They also discussed the government's measures to develop the state-owned banking sector by contracting with leading international consulting firms specialized in banking reform. Additionally, they talked about encouraging private banks to open accounts with foreign banks to act as correspondent banks, as part of a plan to phase out the electronic platform by the end of the current year.

KTFA:

Clare: CEO of JPMorgan Chase expresses Support for Iraq

21st April 2024By John Lee.

Prime Minister Mohammed Shia al-Sudani received Mr. Jamie Dimon, the CEO ofJPMorgan Chase, and his accompanying delegation on Wednesday, during his visit to the Washington DC.

During the meeting, they discussed the government's efforts in implementing financial and banking reforms, aiming to revitalize the economic situation and achieve development.

Prime Minister al-Sudani emphasized that no developmental sector can progress without reformative steps in the banking sector. He also stressed the necessity of continuing dialogue with the US Treasury, the Federal Reserve, theInternational Monetary Fund (IMF), and other international financial institutions.

Mr. Dimon praised the efforts of the Iraqi government in activating, developing, and rehabilitating both state-owned and private banks. He expressed his support for the activities of theIraq Development Fundand readiness to provide expertise, assistance, training, and cooperation.

(Source: Media Office of the Prime Minister) LINK

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Clare: During Erdogan's visit...a quadripartite agreement between Iraq, Turkey, Qatar and the Emirates on the path to development

4/21/2024

Government spokesman Bassem Al-Awadi announced that it is hoped to sign a quadripartite agreement between Iraq, Turkey, Qatar and the Emirates on the path to development.

Al-Awadi said in a press statement, "The visit of Turkish President Recep Tayyip Erdogan to Baghdad tomorrow will witness a very big starting point in Iraqi-Turkish relations."

He stated that "the visit will witness the signing of two strategic agreements and more than 20 memorandums of understanding."

He pointed out that "the visit will witness the signing of a strategic agreement on the water file that will include many points and items."

Al-Awadi pointed to "an agreement between Iraq and Turkey to develop a joint approach to confront security challenges."

He noted that "the water issues for Iraq and security for Turkey are crucial issues." LINK

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Clare: Parliamentary Oil: Signs of resolving the oil dispute with Türkiye are present in Erdogan’s visit

4/21/2024

A member of the Parliamentary Oil and Gas Committee, Durgham Al-Maliki, confirmed that there are signs of resolving the oil dispute with Turkey during the visit of Turkish President Recep Tayyip Erdogan.

Al-Maliki said {to Al-Furat News}, “It is certain that Erdogan’s visit to Iraq brings many understandings between the Iraqi government and the Turkish side, to the possibility of discussing the issue of exporting the region’s oil through Turkish territory and reaching solutions with the Deputy Prime Minister for Energy Affairs and the Prime Minister.”

Al-Maliki added, "The beginnings of resolving the dispute exist because it is one of the most important outstanding issues, in addition to a number of other matters, as he will have proposals for solutions up his sleeve."

Turkish Foreign Minister Hakan Fidan stated that President Recep Tayyip Erdogan will sign, during his visit to Baghdad tomorrow, Monday, a strategic framework agreement that will become a roadmap for bilateral relations.

Fidan told reporters: “Preparations have been completed, and preliminary understandings have been reached to sign more than 20 agreements during President Erdogan’s visit to Iraq, and it is planned to sign a strategic framework agreement, which will form a road map for bilateral relations.”

Erdogan is scheduled to visit Iraq tomorrow, Monday, for the first time in 12 years.

From: Raghad Dahham LINK

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

Deepwoodz Article: "Al-Sudani: Iraq is witnessing a new reality today in the private sector" MOU’s and Sovereign Guarantees…impossible without sovereign currency that has purchasing power. We’ve learned Iraq's contracts have recently been adjusted so that payment is made in dinar...If so, contracts in the billions...paid in dinar, would require assurances that the exchange rate would not move in a negative direction...It may even go so far as to give an exchange rate. If the rate were to move negatively, the foreign contractors would lose out because the value of the agreed upon amount in reflection to their home currency would also be less. That’s a no go...Sounds freakin fantastic.

Militia Man Al Sudani...first off he shows up to Washington DC, big motorcade, heads over to the Pentagon the following day, big motorcade, comes to Michigan, what did he have? Big motorcade. He has the attention...The achievements the statesman Al Sudani has shown everybody is flat-out phenomenal...

Economic Meltdown: ZERO Cuts Signaled, Debt Auction GOES BAD, Major Currency Implodes Further

Sean Foo: 4-20-2024

Thanks to higher inflation, the Federal Reserve has signaled more delays on the rate cuts, possibly zero cuts in 2024.

This is sparking a big market correction and pushing the economy closer towards serious trouble.

We have debt auctions failing despite high yields and major currencies around the world facing further collapse.

Here's what you must know.

Timestamps & Chapters:

0:00 Powell Signals Rate Cut DELAY

3:15 US Debt Auction Big Fail

6:35 Higher Yields Massive Danger

8:52 Sponsor: IPM Bullion

10:03 Commercial Real Estate Risk

11:21 Major Currency Crash Worsens

14:38 Japan's Yen Is Trapped

https://www.youtube.com/watch?v=aIwu24NlxVw

News DINARRECAPS8 4/21/24 News DINARRECAPS8 4/21/24

Iraq Economic News and Points to Ponder Sunday Afternoon 4-21-24

Bush Signed It And All Presidents Implemented It. Iraq’s Funds Have Been Under America’s Guardianship For 21 Years

Reports And Analyses USA President George Bush Iraqi Money Signing An Executive Order

2024-04-18 Shafaq News/ Successive American administrations are still renewing the implementation of the presidential executive order issued by former President George W. Bush regarding the protection of the “Development Fund for Iraq”, in which the proceeds of oil sales were deposited with the aim of protecting it from any legal prosecutions, in addition to other orders related to Iraq and aiming to protect its money.

This happened more than two decades after the regime changed in the country.

The current US President, Joe Biden, signed the decree extending the state of national emergency related to the situation in Iraq for another year, which stated:

“There are still obstacles to the orderly reconstruction of Iraq, restoring and maintaining peace and security in the country, and developing political, administrative and economic institutions in Iraq.”"

Iraq Economic News and Points to Ponder Sunday Afternoon 4-21-24

Bush Signed It And All Presidents Implemented It. Iraq’s Funds Have Been Under America’s Guardianship For 21 Years

Reports And Analyses USA President George Bush Iraqi Money Signing An Executive Order

This happened more than two decades after the regime changed in the country.

The current US President, Joe Biden, signed the decree extending the state of national emergency related to the situation in Iraq for another year, which stated:

The statement added that these obstacles "pose an extraordinary threat to the national security and foreign policy of Iraq and the United States of America as well.

Therefore, (Joe Biden) has decided that it is necessary to continue the state of national emergency declared under Executive Order 13303 regarding the stability of Iraq."

Order 13303

The executive order aims to protect the Development Fund for Iraq and some other properties in which Iraq has an interest. According to the text of the executive order, then-US President George W. Bush saw that there was a threat to seize or take other judicial measures against the Development Fund for Iraq, Iraqi oil and petroleum products, and the revenues that arise. about her".

The executive order also stated that this situation “poses an extraordinary threat to the national security and foreign policy of the United States, and therefore a national emergency has been declared to deal with this threat.”

The order stipulates that any seizure, judgment, decree or other judicial action against the Development Fund for Iraq or Iraqi oil and petroleum products, and the proceeds and obligations relating to their sale or marketing, shall be considered null and void.

The executive order prohibits all US citizens and residents of the United States, as well as any entity organized under US laws, from filing lawsuits against Iraqi funds.

According to the US National Emergency Law, failure to renew the executive order within a period of 90 days from the date of the previous renewal means that it will become invalid.

Development Fund For Iraq

The Development Fund for Iraq was established after 2003, and before that, money from Iraqi oil sales was placed in an account managed by the United Nations within what is known as the Oil for Food Program.

In the mid-nineties of the last century, the UN Security Council resolution related to oil for food was issued and stipulated the sale of a portion of Iraqi oil in exchange for the purchase of medicines and food during the era of Saddam Hussein’s regime, which suffered international sanctions as a result of its invasion of Kuwait in 1990.

This situation continued until 2003, when a new Security Council resolution was issued under which most of the economic sanctions were abolished, provided that issues related to the invasion of Kuwait were resolved, such as compensation, prisoners, and others.

In this regard, Iraqi writer and political researcher Aqeel Abbas said,

“When the sanctions were lifted, a problem arose, which is that there are cases filed against Iraq by dozens or hundreds of companies that were harmed by Iraq’s invasion of Kuwait in European countries and others.” Abbas added to the Al-Hurra website that

"Iraqi embassies at the time did not attend court sessions to defend or reduce compensation, and thus the courts issued judgments in absentia for very high amounts." Abbas, who resides in Virginia, confirmed that

"there are judicial seizure orders on Iraqi funds until the amounts of the lawsuits ruled by the courts are satisfied."

“Thus, what saved Iraq from these lawsuits was the protection decision issued by former US President George Bush in 2003,” according to Abbas, who pointed out that

“under the presidential executive order, Iraqi funds in the Development Fund for Iraq became protected as if they were American funds.”

American Influence

In 2010, the Development Fund for Iraq was canceled by a UN decision, which also ended all international guarantees of immunity granted to Iraq from claims for compensation.

Instead of the canceled fund, an account affiliated with the Central Bank of Iraq was opened at the US Federal Bank in which all proceeds from the sale of Iraqi oil were placed.

However, the United States continued to renew the presidential executive order, issued in 2003, annually with the aim of protecting Iraqi funds from any judicial prosecutions.

The former member of the Iraqi Parliament’s Finance Committee, Ahmed Hama Rashid, said,

“The situation remaining as it is means that the fate of Iraq’s money will remain tied to the United States, which represents a strong pressure card in the hands of Washington,” indicating that

“this issue cannot be resolved except by paying all debts.” "This will take years, if not decades."

On the other hand, Aqeel Abbas pointed out that linking the issue of protecting Iraqi funds from prosecution to the United States “gives Washington great influence over Baghdad,” adding that

“resolving the crisis requires a political decision, as happened with Greece and Argentina, for example, by seeking the help of a reputable and reputable law firm.” "She is given full powers."

The spokesman for the Iraqi Prime Minister apologized for the comment, and it was not possible to obtain a comment from the White House or the US State Department until the publication of this report, according to the Al-Hurra channel.

https://shafaq.com/ar/تقارير-وتحليلات/وقعه-بوش-وعمل-به-جميع-الر-سا-موال-العراق-تحت-وصاية-مريكا-منذ-21-عاما

The Ministry Of Finance Specifies Steps That Must Be Taken Before Canceling The Currency Selling Window In Iraq

Economy Parliamentary Finance Dollar selling window

2024-04-20 04:54 Shafaq News/ The Parliamentary Finance Committee confirmed, on Saturday, that the

Central Bank of Iraq had taken a decision to cancel the currency sale window, indicating the necessity of taking steps prior to implementing this decision.

Member of the Parliamentary Finance Committee, Hussein Moanis, told Shafaq News Agency,

“There is a decision issued by the Central Bank to cancel the window for buying and selling foreign currency in the year 2024, but it did not specify the exact time to start the decision.” He explained that

"canceling the currency selling window is linked to the

reliance of private banks on correspondence with international banks and the

method of currency conversion."

This comes after the Central Bank of Iraq gave up its status as a “correspondent” and granted it to several foreign banks, a step with unclear definitions and results, and some observers have warned against it.

In November 2023, the Governor of the Central Bank of Iraq, Ali Al-Alaq, announced the start of importing dollars into the country through Iraqi bank accounts abroad.

Munis asserts that "this step must be preceded by an increase in the classification of Iraqi banks, and

this is what qualifies them to deal with international banks,

but the real problem that we face is that Iraqi banks

do not have a correspondent and

are not accredited outside the country."

The member of Parliamentary Finance pointed out that “the government and the Central Bank are seeking to strengthen and increase the classification of private banks,” indicating “an intention by the banks to engage in correspondence and external transfers.”

https://shafaq.com/ar/اقتصـاد/المالية-تحدد-خطوات-يتعين-اتخاذها-قبل-الغا-نافذة-بيع-العملة-في-العراق

The Governor Of The Iraqi Central Bank Reveals The Amount Of The Bank’s Reserves Of Dollars And Gold

Economy Central Bank of Iraq 2024-04-20 Shafaq News/ The Governor of the Central Bank of Iraq, Ali Al-Alaq, revealed the amount of the bank’s reserves of US dollars and gold.

Al-Alaq told the CNBC Arabic website that the Central Bank has a foreign reserve of more than 100 billion dollars, indicating that

the bank’s gold reserves amount to more than 130 tons, most of which are located in England.

Speaking about Iraqi foreign trade, Al-Alaq pointed out that the volume of trade with the UAE amounts to 17 billion dollars and is paid in UAE dirhams, pointing out that the

First Abu Dhabi Bank is the one responsible for the trade transfers in UAE dirhams.

https://shafaq.com/ar/اقتصـاد/محافظ-المركزي-العراقي-يكشف-كمية-احتياطات-البنك-من-الدولار-والذهب

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

Provoking Points To Ponder on Failures and Mistakes

A stumble may prevent a fall.-Thomas Fuller

A life spent making mistakes is not only more honorable but more useful than a life spent doing nothing.-George Bernard Shaw

It is defeat that turns bone to flint; it is defeat that turns gristle to muscle; it is defeat that makes men invincible. Do not then be afraid of defeat. You are never so near to victory as when defeated in a good cause.-Henry Ward Beecher

Besides the practical knowledge which defeat offers, there are important personality profits to be taken. Defeat strips away false values and makes you realize what you really want. It stops you from chasing butterflies and puts you to work digging gold.-William M. Marston

No experiment is ever a complete failure. It can always be used as a bad example.-Paul Dickson

Failure is the foundation of success, and the means by which it is achieved.-Lao-Tzu

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

http://famousquotesandauthors.com/quotes_by_topic.html

Chats and Rumors, Economics Dinar Recaps 20 4/21/24 Chats and Rumors, Economics Dinar Recaps 20 4/21/24

John Rubino: What Do You Get When Central Banks are Panic Buying Gold?

Palisades Gold Radio: 4-21-2024

Tom Bodrovics welcomes back John Rubino, a former Wall Street financial analyst and author, to discuss the current bull market in gold.

Rubino asserts that gold's intrinsic value is significantly higher than its present price, which could reach $5,000 to $10,000 per ounce based on historical analysis.

He also posits that a potential collapse of the financial system due to debt could lead to a return to a gold-backed currency or a currency reset.

John Rubino: What Do You Get When Central Banks are Panic Buying Gold?

Palisades Gold Radio: 4-21-2024

Tom Bodrovics welcomes back John Rubino, a former Wall Street financial analyst and author, to discuss the current bull market in gold.

Rubino asserts that gold's intrinsic value is significantly higher than its present price, which could reach $5,000 to $10,000 per ounce based on historical analysis.

He also posits that a potential collapse of the financial system due to debt could lead to a return to a gold-backed currency or a currency reset.

They explore the implications of inflation and currency devaluation on various assets including stocks, real estate, bonds, and gold.

John argues that adjusting investment numbers for inflation offers a different perspective on asset value over time.

He warns about potential risks in the financial system, such as a commercial real estate crash or an equities bear market. He also discusses the deficit in the silver market, which could result in significant price spikes and potential defaults on futures contracts.

Despite uncertainty, John suggests investment strategies for investing in real assets like gold and silver. Investors should consider gold as a long-term investment and focus on positive goals during uncertain times to build capital for future challenges.

Gold is currently seen as a store of value, but demand for it is minimal but starting to rise. Once gold breaks through resistance and support levels, it could lead to a significant run in the market.

Time Stamp References:

0:00 – Introduction

0:45 - Gold Market Developments

4:10 - Gold Backing & Debt

8:15 - Who Will Buy US Bonds?

12:45 - Inflation Outlook

17:28 - Asset Valuations

22 :38 - Gold Drivers & Geopolitics

27:26 - Next Financial Crisis?

33:10 - Silver & Supply Issues

38:10 - Silver Industrial Demand

42:38 - Investment Demand & FOMO

47:35 - Wrap Up

Talking Points From This Episode

- Gold's potential value increase, reaching $5,000-$10,000 per ounce based on historical analysis.

- Risks of financial panic, potential scenarios like commercial real estate crash or equities bear market.

- Investment strategies proposed to protect against times of crises.

https://www.youtube.com/watch?v=PkM__5DIUhA&t=17s

Chats and Rumors, Video, Vn Dong DINARRECAPS8 4/21/24 Chats and Rumors, Video, Vn Dong DINARRECAPS8 4/21/24

Currency Insider Iraqi Dinar – Dong Sunday AM 4-21-24

Iraqi Dinar Rising in World In World Current Situation – 1:57

Iraqi dinar has been already revalued 2:38

Iraqi dinar if your investor get ready for breakthrough – 2:20

Iraqi dinar rate will be $3.65 ? IQD rate update latest RV – 2:35

Currency Insider Iraqi Dinar – Dong Sunday AM4-21-24

Iraqi Dinar Rising in World In World Current Situation – 1:57

Iraqi dinar has been already revalued 2:38

Iraqi dinar if your investor get ready for breakthrough – 2:20

Iraqi dinar rate will be $3.65 ? IQD rate update latest RV – 2:35

Iraqi Dinar Rising in World In World Current Situation – 1:57

https://www.youtube.com/watch?v=_r-QR2RGEAk

Iraqi dinar has been already revalued 2:38

https://www.youtube.com/watch?v=lRs7zY3ILM0

Iraqi dinar if your investor get ready for breakthrough – 2:20

https://www.youtube.com/watch?v=WFy6hU-5fFk

Iraqi dinar rate will be $3.65 ? IQD rate update latest RV – 2:35

https://www.youtube.com/watch?v=U0CA0i5npG4

Economics, News Dinar Recaps 20 4/21/24 Economics, News Dinar Recaps 20 4/21/24

TNT:

Tishwash: Parliamentary Committee: Iraq has regained its regional role and influence in the world

A member of the Parliamentary Security and Defense Committee, Muhammad Al-Shammari, confirmed today, Saturday, that Iraq has regained its regional role and influence in the world. Al-Shammari said in an interview followed by Mawazine News, “We aspire for Iraq to regain its regional and global role, and to exploit this situation to be a mediator between America and Iran to ease tensions.” Al-Shammari pointed out that "Iraq's restoration of its regional role and influence in the world could be used by the Iraqi government to establish security and stability in the Middle East and in the region in particular." link

TNT:

Tishwash: Parliamentary Committee: Iraq has regained its regional role and influence in the world

A member of the Parliamentary Security and Defense Committee, Muhammad Al-Shammari, confirmed today, Saturday, that Iraq has regained its regional role and influence in the world.

Al-Shammari said in an interview followed by Mawazine News, “We aspire for Iraq to regain its regional and global role, and to exploit this situation to be a mediator between America and Iran to ease tensions.”

Al-Shammari pointed out that "Iraq's restoration of its regional role and influence in the world could be used by the Iraqi government to establish security and stability in the Middle East and in the region in particular." link

Tishwash: Al-Alaq reveals the Central Bank’s reserve... in dollars and gold

The Governor of the Central Bank of Iraq, Ali Al-Alaq, announced the foreign reserves in the bank.

Al-Alaq said in a press statement, “The Central Bank has a foreign reserve of more than 100 billion dollars.”

He added, "We have gold reserves of more than 130 tons, most of which are located in England."

Al-Alaq pointed out that "the volume of trade with the UAE reaches 17 billion dollars and is paid in UAE dirhams."

Al-Alaq pointed out that “First Abu Dhabi Bank is the one responsible for the commercial transfers in UAE dirhams.” link

************

CandyKisses: Iraq surpasses Saudi Arabia in oil exports to the United States

The USEnergy Information Administration announced on Sunday that Iraq's oil exports to the United States rose during the past week.

"The average US imports of crude oil during the past week from 8 major countries amounted to 4.832 million barrels per day, down by 265 thousand barrels per day from the previous week, which amounted to 5.097 million barrels per day," the administration said in a table.

She added that "Iraq's oil exports to America came in second place after Canada, reaching 308,000 barrels per day last week, up by 166,000 barrels per day from the previous week, which amounted to 142,000 barrels per day."

She pointed out that "the most oil revenues for America during the past week came from Canada, followed by Colombia and then Saudi Arabia."

She explained that the quantities of US imports of crude oil continued, from Mexico, Brazil, Nigeria and from Libya, while it also did not import any quantity from Ecuador and Russia.

************

Tishwash: "Proposals and Obstacles"... Parliamentary Committee: Legislating the Oil and Gas Law requires the agreement of three parties

"Proposals and Obstacles"... Parliamentary Committee: Legislating the Oil and Gas Law requires the agreement of three parties

The Parliamentary Oil, Gas and Natural Resources Committee confirmed today, Saturday, that approving the draft oil and gas law requires the consensus of three parties, while it referred to proposals regarding its draft.

The Deputy Chairman of the Committee, Adnan Al-Jabri, said in an interview with (Al-Rabaa) that, “The Oil and Gas Law is one of the most important laws that must be enacted during the current session, and the Parliamentary Oil, Gas and Natural Resources Committee worked to activate the draft law or activate the legislative procedures.”

Al-Jabri added, "Legislation procedures need to prepare a draft from the government, to be discussed between the federal government and the Kurdistan Regional Government, in addition to the producing provinces, and then agreed upon and sent to the House of Representatives."

Regarding the obstacles to legislating the law, he pointed out that “the problem is that the draft has been prepared, but so far it has not been agreed upon between the productive governorates on the one hand, the Kurdistan region on the other hand, and the federal government. There are proposals by the productive governorates, proposals from the regional government, and proposals from the federal government.” ".

He continued, "The House of Representatives is waiting for all these parties to agree on a final draft, and when it is sent to the House of Representatives, it will be read first and then subject to discussion and a second reading, after which the law will be enacted. But the most important thing is that the draft comes agreed upon by all components and all Iraqi parties in the Council of Ministers." ".

He explained, "There are representatives of almost all governorates and components in the Council of Ministers, and therefore when the draft is agreed upon, the House of Representatives will not delay in approving the law." link

Mot: .. Sure Puts Things in ~~ Perspective