News — Dinar Recaps Blog Page — Dinar Recaps (2024)

Goldilocks' Comments and Global Economic News Friday Afternoon 5-24-24

Good Evening Dinar Recaps,

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House Passes CBDC Anti-Surveillance State Act |Financial Services Committee

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The Middle East and North Africa Financial Action Task Force (MENAFATF), at its general meeting, held in the Kingdom of Bahrain for the period from 19-23 May 2024, approved the mutual assessment report for the Republic of Iraq, which reflects its great commitment to applying international standards to combat money laundering and the financing of terrorism. |CBI

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© Goldilocks

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Russia signs decree allowing seizure of US assets in Russia |Jurist

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Ether ETFs Clear Major Hurdle, Though SEC Hasn't Cleared Them for Trading Yet |Coindesk

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Elon Musk predicts AI will take everybody's jobs |9News

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Digitalization of trade and maritime transport accelerates thanks to UNECE tools |UNECE

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Third Conference on the International Role of the U.S. Dollar: Welcoming Remarks by Governor |Youtube

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Iran's Supreme Leaders Promise to Iraq IQD Rate |Youtube

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CSI Partners with TruStage%2 Compliance |Valdosta Daily Times

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👆 Banking Systems are moving to digital. Several of them are beginning to make announcements. You may be getting a notice yourself soon.

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SEC approves rule change to allow creation of ether ETFs |CNBC

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Bitcoin and Ethereum are both considered a commodity. More on this tomorrow with Ethereum.

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Bionic Eye Gets a New Lease of Life |IEEE Spectrum

Pixium Vision, a company with an innovative retinal implant that tackles vision loss, has been acquired by Science, a bioelectronics startup run by Neuralink's co-founder, Max Hodak. Pixium was in danger of disappearing completely after running out of money last November. Studies suggest that its technology is safe and potentially effective. Science will push to get the technology approved in Europe as quickly as possible.

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World now multipolar! |Youtube

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TNT:

CandyKisses: Parliamentary Finance pledges to quickly pass budget tables

Information / Baghdad.

The Parliamentary Finance Committee confirmed voting on the 2024 budget tables before the end of the current legislative term.

Committee member Khalil Dosky told Al-Maalouma that "the parliamentary finance committee aims to study the items of the budget tables to include many aspects, including determining government spending."

He added that "his committee began to discuss the paragraphs of the budget tables to prepare a detailed report and enter proposals and discussions in order to complete and mature all opinions," pointing out that "budget tables will be presented to political forces."

He pointed out that "there is a great desire among members of the House of Representatives in order to approve the tables as soon as possible," stressing that "voting on the 2024 budget tables before the end of the current legislative term."

CandyKisses: The Iranian General Staff publishes the initial report on the causes of the president's helicopter crash

Information / Baghdad Today 08;33

On Thursday evening, the Iranian General Staff published the preliminary report issued by the Supreme Investigation Committee to examine the causes of the crash of the helicopter of the martyr Iranian President, Mr. Ebrahim Raisi and his companions.

The authority said in the results of the report that the president's helicopter continued its pre-planned course and did not depart from it, adding that the helicopter pilot made contact with the two helicopters within the president's convoy.

The results of the report confirmed that no trace of bullet or similar injuries was observed on the wreckage of the helicopter carrying the Iranian president.

The results also showed that the president's helicopter burned after colliding with the slopes, adding that "search operations continued until five o'clock in the morning due to the ruggedness of the area, dense fog, and cold weather."

The Iranian staff pointed out that "the operation ended after finding the site of the helicopter crash through Iranian drones, and then the rescue teams headed towards the site," noting that "no suspicious point was detected in the helicopter crew's communications and dialogues with the control tower."

The staff said a large part of the documents and effects associated with the incident had been collected, but that more time needed to be studied deeper.

A few days ago, Iranian television announced the martyrdom of Iranian President Ebrahim Raisi, Foreign Minister Hossein Amir-Abdollahian and their companions in the crash of the helicopter they were carrying in East Azerbaijani airspace.

Searches for the wreckage of the helicopter were hampered by fog and heavy rain, while the temperature touched minus 15 degrees.25

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Tishwash: Parliamentary Finance is confused by the large difference between the 2023 and 2024 budgets... and warns against stopping provincial projects

Member of the Parliamentary Finance Committee, Mustafa Al-Karawi, revealed today, Thursday (May 23, 2024), that service and urban projects, some of which are ministerial, have been halted due to the reduction in governorate allocations in the financial budget tables for the year 2024.

The Council of Ministers voted in an extraordinary session last Sunday on the budget schedules and referred them to the House of Representatives, which received them the day before yesterday, Tuesday.

Al-Karaawi said in a televised statement, followed by “Baghdad Today,” “We noticed in the budget tables that there was a reduction in allocations to the governorates, some of which reached 80% compared to what was allocated to them in last year’s budget, and this may cause projects to stop and not lead to covering their expenses and contractors’ dues, and this may be what may happen.” "It causes a problem and a gap in the issue of financing."

He stressed, "Projects, including ministerial ones, have been halted due to lack of funding," pointing out that "there is a turbulent indicator between the 2024 budget and last year in terms of project financing, and we will host the Ministers of Finance and Planning next week."

Al-Karaawi pointed out, “Preparing a list of clarifications and sending them to the Ministry of Finance about the reasons for the increase in expenditures, the mechanism for collecting oil and non-oil revenues, and the inflation of the financial deficit in the budget.”

He added, "The government has committed itself to collecting 27 trillion dinars in non-oil revenues during the year 2024, and we requested clarification from the Ministry of Finance about the mechanism for achieving this goal," noting that "there is an increase in the operating budget that reached 156 trillion dinars."

The parliamentary finance member expected that “the maximum time limit for approving the budget schedules will be before the end of the current legislative term on next June 9, so there will be an intensive program for the Finance Committee to discuss these schedules and find solutions to the problems in them.”

It is noteworthy that Prime Minister Muhammad Shiaa Al-Sudani revealed in a press conference following the cabinet session last Sunday the details of the budget schedules and said in the most prominent contents:

- Table (A) includes revenues totaling (144.336) trillion dinars, and Table (B) concerns total planned expenditures totaling (210.936) trillion dinars.

- The planned budget deficit amounted to (63.599) trillion dinars, and Table (C) is the centrally funded workforce table, amounting to (4,079,906) employees, and governing expenditures amounted to (10.042) trillion dinars.

- The investment budget for 2024 is (54.298) trillion dinars, and may reach 55 trillion dinars.

- Governorate allocations to local government programs with an investment allocation amounted to (10.633) trillion dinars in 2023, and we financed (3.333) trillion, based on fundamental requests from the governorates.

- The remainder of the allocation (7.333) trillion dinars is in a trust account, at the disposal of the provincial governments.

- Allocating approximately (8) trillion dinars to ongoing projects, including allocations in 2024.

- For the first time in the history of budgets, we exceeded spending by 50%.

The increase in debt repayment amounted to 3.9 trillion dinars. In 2023, the debt repayment was 12,751, and in 2024, we repaid 16.725 trillion. link

Iraq Economic News and Points To Ponder Late Thursday Evening 5-23-24

Mazhar Muhammad Saleh: Increased Bank Lending Activity Increases Growth And Prosperity

Economical 05/23/2024 Baghdad: Al-Sabah Yesterday, Wednesday, the Prime Minister’s Advisor for Financial Affairs, Mazhar Muhammad Saleh, identifiedthree benefits and advantages ofbank credit, while noting that the increase in bank lending activity increasesgrowth ratesandeconomic well-being. Saleh said to the Iraqi News Agency (INA):

“Thefunction ofcredit, in its monetary and pledged forms,is one of the most important aspects of banking activity inspreadingasound financial system, sobank credit, orgranting bank loans specifically,isthevital financial tool that banks use to provide the requiredcash liquidity.” Andfinancing the economic activity of individuals and companies.

He added, "Thefeasibility of bank credit lies in several main economic and social aspects, including:

First:supporting small and medium enterprises, as bank credit plays an important role in financing small and medium enterprises, and at the same time helps in

generatingnew job opportunities,
stimulatinginnovation,
enhancingeconomic and social growth, and
raisingGrowth ratesin the incomes of individuals and projects.

He pointed out that “stimulating economic growth can only be achieved bymobilizingthenecessary fundsfor economic activities to expand the businesses of individuals and projects,” noting that

“bank creditenhances economic activity and increases the level of productivity and investment rates, whether in the industrial, real estate, commercial, agricultural, or other fields.” He continued:

“Secondly:granting loans helps encourage saving, as

bank credit activity is linked to increasing bank savings ratesfor the public through higher bank deposit rates, as

banks provide distinct savings or savings accounts to customers who will use their borrowing or credit products.” He continued:

“Thirdly:Bank loans have an effective role in organizing financial resources among real activities within the overall economyand

meeting the needs of productive sectors for financing in order to createcapital accumulationby investing inreal assets.

However,bank credit, or granting bank loans, alsomeets the needs of individuals to generate benefit.

Bank creditallows them to access financing to

purchase residential real estate, transportation, or to
cover educational or medical expenses, whichimproves the standard of living.”

He pointed out that “the greater the activity of lending orbank credit, thegreater theeconomic activityand the higher therates of growthandeconomic well-being,

provided that these activities do not conflict with the overall objectives ofmonetary policyin

achieving stabilityin thegeneral level of pricesand
combating monetary inflation, andthat they do not conflict withthe
policy ofhigh employmentin the labor force andpromoting..Economic growth rates. https://alsabaah.iq/97137-.html

for the support they provided to raise the evaluation process, as well as to extend its thanks to the members of the Anti-Money Laundering and Terrorist Financing Council and the Anti-Money Laundering and Terrorist Financing Office.

Money and terrorist financing, and all judicial and governmental bodies and all formations of the Central Bank of Iraq, which have contributed and worked over the past two years to provide the evaluation requirements in a way that reflects the real reality of effective judicial and government procedures in developing the system to combat money laundering and terrorist financing.

Ali Mohsen Ismail
Chairman of the Anti-Money Laundering and Terrorism Financing Council
Governor of the Central Bank of Iraq https://cbi.iq/news/view/2588

Advisor To The Prime Minister Highlights The Importance Of Bank Credit In Strengthening The Economy

May 22, 2024 Baghdad/Iraq Observer Today, Wednesday,Advisor to the Prime Minister for Financial Affairs, Mazhar Muhammad Saleh,identified three main benefits of bank credit, stressing that

increasing bank lending activity
raises growth rates and
economic well-being. Saleh explained,

“Bank credit is a vital financial tool for providing liquidity and financing economic activity to individuals and companies.” He pointed out

three main benefits of bank credit, which arethat it contributes to financingit,
generating job opportunities,
stimulating innovation, and
promoting economic and social growth.

It is linked to an increase in bank savings rates through an increase in bank deposits, as banks provide distinct savings accounts.

Italsocontributes to
meetingtheneeds of productive sectorsand
financingthepurchase of real estate and educational and medical expenses,

which improves the standard of living.

Saleh added thatincreased lending activity
enhances economic activityand
raises growth rates and prosperity,

provided that it does not conflict with the goals of monetary policy and economic stability.

https://observeriraq.net/مستشار-رئيس-الوزراء-يبرز-أهمية-الائتم/

Minister Of Electricity: We Are Working To Support The Private Sector By Establishing National Production Lines

Minister of Electricity Ziad Ali Fadel energy Economy News – Baghdad The Minister of Electricity, Ziad Ali Fadel, confirmed on Thursday that the ministry is working to support the private sector in the country by establishing national production lines.

The media office of the Minister of Electricity said in a statement, seen by Al-Eqtisad News, that “the Minister met with a delegation from the Riyadh Cable Company and a coalition of Al-Rowad companies for the production of electrical wires and cables.”

The Minister of Electricity confirmed, according to the statement, that “we have an intention to support the private sector and stimulate the industrial movement in the country by establishing national production lines that attract labor and contribute to meeting the electricity sector’s need for spare parts.”

He added: “We need to produce wires and cables (11, 33, and 132 kV) to keep up with demand and address bottlenecks.”

He pointed out that "there are controls for laboratory and factory tests conducted by the Ministry to proceed with competitive transactions in accordance with the approved specifications."

The Minister of Electricity continued, "Private sector companies have successful experiences with the ministry's formations, and we hope to strengthen them and develop production facilities in a way that serves and achieves the public interest."

Views 75 05/23/2024 - https://economy-news.net/content.php?id=43682

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

Provoking Thoughts and Points to Ponder on Money

Money is the poor people's credit card.-Marshall McLuhan

A man is rich in proportion to the things he can afford to let alone.-Henry David Thoreau

Money is like a sixth sense, and you can't make use of the other five without it.-W. Somerset Maugham

Money swore an oath that nobody who did not love it should ever have it.-Irish proverb

I'm so happy to be rich, I'm willing to take all the consequences.-Howard Ahmanson

http://www.famousquotesandauthors.com/topics/money_quotes.html

http://www.famousquotesandauthors.com/

Iraq Dinar - IQD Update -Al-Sudani - Resolutions & Approvals -Digital Payments - Multi Currency Card

MilitiaMan and Crew: 5-23-2024

The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=fzBo7QyxbU0

Iraq Economic News and Points To Ponder Thursday Evening 5-23-24

An Economic Expert Explains The Reasons For The Turmoil In Gold Prices In Iraq

Economy | 05/23/2024 Baghdad - Mawazine News The economic expert, Nabil Jabbar Al-Tamimi, revealed today, Thursday, the reasons for the change and turmoil in gold prices in Iraq.

Al-Tamimi said in an interview with "Mawazine News", "The gold market in Iraq is directly linked to international gold prices. The rise and fall of global prices is the only one that has an impact on the local gold market."

He added, "We are currently witnessing a global rise in prices, as the price of an ounce of 24-karat gold has exceeded more than $2,400, which represents the highest global gold prices throughout history. Waves of inflation, lax monetary policies around the world, and a group of geopolitical turmoil have led to a rise in gold prices during the three years." Which resulted in the spread of the Corona virus more than doubling.”

He pointed out that "the prices of one ounce in 2020 ranged near $1,300 per ounce, while today's trading is near $2,400 per ounce. https://www.mawazin.net/Details.aspx?jimare=248536

The American Ambassador Affirms Her Country's Commitment To Supporting The Security And Stability Of Iraq

Thursday, May 23, 2024 3:47 PM Baghdad/National News Center The United States affirmed The Presidency’s Media Department stated

During the meeting, Rashid stressed “the importance of working to strengthen and develop relations in various fields, especially economic, commercial, cultural and environmental, in a way that achieves the common interests of the two countries and peoples.”

He pointed to “the positive developments that the country is witnessing at various levels,” pointing out that “security stability is being consolidated thanks to the efforts of the Iraqi security forces in their various formations.”

For her part, Elena Romanski expressed her country’s “commitment to supporting the security and stability of Iraq and strengthening relations of cooperation and friendship in various fields.” https://nnciraq.com/256316/

Al-Sudani blessed the launch of work on this important project, and appreciated the efforts of the Industrial Estates Authority, the Ministry of Industry, and other supporting parties, stressing:

As the government continues to remove obstacles and bureaucracy, this path will provide real job opportunities, and larger industries will settle in this city and other industrial cities.”/ https://ninanews.com/Website/News/Details?key=1128297

Al-Handal Stresses Iraq's Commitment To Combating Money Laundering.. What About Inflation?

Economy News – Baghdad The head of the Iraqi Private Banks Association, Wadih Al-Handal, confirmed today, Thursday, that Iraq is committed to combating money laundering, pointing to the role of the Central Bank of Iraq in reducing inflation to 3.8%.

Al-Handal said during a speech he delivered at the Arab-Turkish summit in Istanbul, followed by Al-Iqtisad News, that “Iraq’s policy is focused on economic openness to all countries, to build a network of strong economic relations, and to attract foreign investments in infrastructure development.”

He added, "Bilateral relations between Iraq and Turkey are going through their golden age. Trade exchange reached 20 billion dollars last year, and cooperation is great between Iraqi and Turkish companies in implementing strategic projects inside Iraq," noting that "the visit of Turkish President Recep Tayyip Erdogan last month To Iraq, it will reflect positively on the Arab region, starting with the development road project.”

The head of the Association of Iraqi Private Banks stated, “The Iraqi Development Road Project is one of the projects that will transform the form of transporting goods between East Asian countries and Europe, because it will contribute to shortening the time on the ship departing from the port of Al-Faw to Europe by fifteen days compared to other transport lines.”

As well as reducing the cost in terms of insurance and transportation fees, which will be reflected positively on the final price of the goods, in addition to the fact that the project will provide more than 100,000 direct job opportunities with the establishment of large factories inside the country.”

He pointed out, "The development road will link the countries of China, India, the Emirates, Qatar, Iraq, and Turkey, all the way to Britain, through rail and land lines to transport goods and people.

It is the leading project in the region currently, as it will contribute to transporting fifteen million passengers annually and more than 22 million tons of food." Goods, and will cost seventeen billion dollars, with revenues for Iraq amounting to about 5 billion dollars annually.”

Al-Handal called on Arab and foreign banks to “contribute to financing investments while continuing to work on providing sovereign guarantees, in a way that contributes to accelerating work and achieving development for all.”

He stated, "The Central Bank of Iraq worked with its Turkish counterpart, during the previous stage, to adopt the Turkish lira and the euro to finance trade exchange between the two countries."

He stressed that "the private banking sector is progressing rapidly in growth, despite the great challenges surrounding it, and that some banks that faced difficulties in dealing in the dollar continue to work in other currencies, in implementing the aspirations of their customers, in addition to increasing the types of banking services, which... “It reflects positively on the sector’s work in increasing the rate of financial inclusion.”

He explained, "The monetary policy, led by the Central Bank of Iraq, during the current stage, has worked very successfully, contributing to reducing inflation from 7.5 percent to 3.8 percent," noting, "Iraq's foreign currency reserves have reached more than 111 billion." $, and gold 145.6 tons, which makes it ranked fifth in the Arab world.”

Al-Handal thanked the Union of Arab Banks, praising this two-day Arab-Turkish summit, wishing to come up with urgent decisions that contribute to changing the face of the region economically and give hope to our people, who are suffering from the effects of inflation, high prices, and the migration of foreign investors.

He concluded by saying: “Iraq is one of the countries committed to combating money laundering and terrorist financing, according to what was announced by the Financial Action Task Force for the Middle East and North Africa (MINFATF), which is an indicator that all countries rely on,” praising “the role of the Central Bank and the Iraqi judiciary in preserving To classify Iraq globally as one of the countries committed to combating money laundering and terrorist financing.

Views 131 05/23/2024 https://economy-news.net/content.php?id=43664

252 Million Dollars In Sales From The Iraqi Central Bank Within A Day

Economy News – Baghdad Foreign remittance sales at the Central Bank of Iraq auction, on Thursday, increased by 90% at the expense of cash sales, reaching more than $252 million.

Today, during its auction for buying and selling the US dollar, the Central Bank sold 277 million, 354 thousand and 736 dollars, which the bank covered at a base exchange rate of 1,310 dinars per dollar for documentary credits and international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,305 dinars per dollar in cash. .

Most of the bank's dollar sales went to strengthening balances abroad in the form of (remittances, credits), which amounted to 252 million, 154,736 dollars, an increase of 90% over cash sales of 25 million and 200 thousand dollars.

Views 91 05/23/2024 - https://economy-news.net/content.php?id=43667

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

Provoking Thoughts and Points to Ponder on Money

Riches are for spending.-Francis Bacon

Some people's money is merited and other people's is inherited.-Ogden Nash

There is only one thing for a man to do who is married to a woman who enjoys spending money, and that is to enjoy earning it.-Edgar Watson Howe

To be clever enough to get all that money, one must be stupid enough to want it.-G. K. Chesterton

Why is there so much month left at the end of the money?-Anonymous

http://www.famousquotesandauthors.com/topics/money_quotes.html

http://www.famousquotesandauthors.com/

Goldilocks' Comments and Global Economic News Thursday Evening 5-23-24

Good Evening Dinar Recaps,

What Is a Private Wealth Manager?

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Central banking: embracing change |BIS

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ABCs of Banking - Banks and Our Economy |CT Department of Banking

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Imaging a better climate future in China: Greenpeace-hosted climate change forum -Greenpeace East Asia

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Lawmakers Push to Make IRS Direct File Program Permanent After Successful Pilot -Franklin County Free Press

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US Debt Clock: Elon Musk’s Revolutionary Vision! Transforming the American Economy with Blockchain and AI, the New US Treasury Dollar, and Precious Metals Backing Currency! -American Media Group

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#Ripple’s $XRP is a military operation. |Twitter

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IMPORTANT IMF Report on Iraq's Economy GDP Prediction Good News |Youtube

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Text - H.R.4763 - 118th Congress (2023-2024): Financial Innovation and Technology for the 21st Century Act | Congress.gov |Library of Congress

👆Now, we can move forward.

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LIVE | FOMC Meeting Minutes Data Release - LIVE | 5/22/2024 |Youtube

👆 Goldilocks pointed to this article

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(ZiG/USD) IMF Calls Zimbabwe Switch to Gold-Backed ZiG an ‘Important’ Step -Bloomberg

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TNT:

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

HappyWelshGuy: RV Update - The Truth

Tony, is quite correct the RV will happen soon.......But not yet

This is what is really happening...

There is a carefully, orchestrated plan in effect, that is being meticulously monitored

Tier # 1 and Tier # 2 is currently being financially hydrated

When this is completed to the satisfaction of the Alliance then and only then will Tier # 3 be financially hydrated

When this is completed to the satisfaction of the Alliance then and only then will Tier # 4 (US) the internet group be financially hydrated

Everything is currently "On Track" and moving to expectation

If everything continues to expectation, then Tier # 4 should be financially on or about JUNE 15th with a back wall of July 4th

It is "NOT" going to happen today, tomorrow or this month

However, Tony is right

It will be our time soon

Nothing will stop this except for a 911 type event

Remain positive and in anticipation

My source actually sits on a special committee formatted for the very specific purpose of the timing of the revaluation to take place

June 15th, is not that far away so remain patient and be in expectation

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Fuze: Don't get me wrong, it is possible this could extend to early June but the point is, it's suspicious for the reasons stated in this widely distributed all of a sudden mysterious source. There is legitimate Intel from literally the horses mouth that June was a best Target month of Dr. Shabibi (bless his sole) why?

Because he said " the "project to delete the zeros with the rate change should be done at the beginning or middle of Iraqs fiscal year" FOR ACCOUNTING purposes!

June is the middle of their fiscal year at present. In addition, one time in the past when the project was postponed in 2012 it was earmarked to go June 2013 according to a declassified MOF document and US Congressional Report.

These are well documented facts in video format and documents from non Maliki, non social media credible sources!!! So early to mid June would not be a surprise,

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Tishwash: Economist: We are experiencing a good financial year and the rise in salary expenses must be reconsidered

The economic expert, Safwan Qusay, considered Iraq’s fiscal year “good,” while stressing the need to reconsider the rise in salary expenses.

Qusay said, during his hosting of the program {Free Speech} broadcast by Al-Furat satellite channel this evening, that: “

The Ministry of Finance is required to assume that the project that it cannot finance is a source of income that is subject to investment. link

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CandyKisses: Sudanese arrives in Najaf to open projects

Iraqi Prime Minister Mohammed Shia al-Sudani arrived on Tuesday morning in Najaf province.

According to his media office, the visit is part of a series of field visits to the governorates.

In a subsequent statement, his office indicated that al-Sudani had launched the executive work on the upper threshold garage project, which is multi-layered (Najaf Grand Garage) in the center of the city.

Al-Sudani also launched the work of the tablet glass production project in Najaf Industrial City, the first project of the sovereign guarantees initiative for the private sector, with a production capacity of 800 tons per day.

Al-Sudani also launched the executive works in urban development projects for the southwestern side of the Haidari courtyard, during his visit to the city of Najaf.

Al-Sudani stressed that the visit to Najaf comes within the periodic visits to all our governorates to follow up on the progress of services and implement priorities in infrastructure projects and economic development, in addition to the province's privacy that necessitates attention and dedication to it.

The Prime Minister indicated that infrastructure projects have a great deal of attention, and there will be follow-up by specialized teams present in the governorate for the purpose of overcoming obstacles, noting the development of additional financial allocations to the governorate, and that there is a follow-up to the lagging projects that are being completed, as the focus is on infrastructure and service projects, because they are the basis of any development process.

He explained that the multi-storey garage project comes in line with the government's vision to alleviate urban problems in the center of Najaf, including improving infrastructure, using renewable energy, sustainability of the green environment, and facilitating and streamlining the movement of visitors and serving them.

Al-Sudani announced the approval of a package of important projects related to the threshold, which were included in the 2024 budget tables, namely:

- The project of expropriating buildings located on the southern side of the Holy Shrine, at a cost of 65 billion.

- The project of Al-Afaf Women's Hospital, at a cost of 10.312 billion.

- Carpet washing project for the Haidari plate, at a cost of 3.406 billion.

- A project of acquisitions for the development of the southern side of the Haidari courtyard, at a cost of 75 billion.

- The project of constructing the tunnel of the Prophet (PBUH) 12 billion.

- Tusi tunnel project, farewell square, at a cost of 16.4 billion.

- Adaptation of the Haram and Abu Talib Gallery, at a cost of 11 billion.

- Equipping Al-Afaf Hospital, at a cost of 11 billion.

It is noteworthy that the multi-storey garage project (Najaf Grand Garage) consists of eight floors and a capacity of 2,500 wheels, and includes 4 parts, and the standard of preserving the architectural identity of the city of Najaf was adopted, as it includes a tunnel linking the new Hajjah Street and the Haidari courtyard, in addition to tourist and recreational facilities.

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CandyKisses: : Within the 2024 budget. Sudani announces a package of projects for the upper threshold

Baghdad Today - Baghdad

Prime Minister Mohamed Shia Al-Sudani announced on Thursday (May 23, 2024) the launch of executive works in urban development projects for the southwestern side of the Haidari Sahn.

The Sudanese Media Office said in a statement received by "Baghdad Today", that "Prime Minister Mohammed Shia Al-Sudani, launched the executive work in urban development projects for the southwestern side of the Haidari Al-Sharif courtyard, during his visit to the city of Najaf, which he arrived on Thursday morning."

According to the statement, Al-Sudani stressed that "the visit to Najaf within the periodic visits to all our provinces, to follow up on the progress of services and implement priorities in infrastructure projects and economic development, in addition to the province's privacy that necessitates attention and dedication to it."

The Prime Minister indicated that "infrastructure projects have a great deal of attention, and there will be follow-up by specialized teams present in the province for the purpose of overcoming obstacles," noting that "additional financial allocations are being made to the governorate, And that there is a follow-up to the lagging projects that are being completed, as the focus is on infrastructure and service projects, because they are the basis of any development process."

He explained that "the (multi-layered garage) project comes in line with the government's vision to alleviate urban problems in the city center of Najaf, including improving infrastructure, using renewable energy and sustainability for the green environment, and facilitating and streamlining the movement of visitors and serving them."

It is noteworthy that the multi-storey garage project (Najaf Grand Garage) consists of eight floors with a capacity of 2,500 wheels, and includes 4 parts, in which the standard of preserving the architectural identity of the city of Najaf was adopted, as it It includes a tunnel linking the new Hajjah (Aj) Street and the Haidari courtyard, in addition to tourist and recreational facilities.

Iraq Dinar - IQD Related Update - Global Interconnectivity - Timing - Delete Zero's - Exchange Rate

MilitiaMan and Crew: 5-23-2024

The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=jhEBo8tSOGQ

Iraq Economic News and Points To Ponder Late Wednesday Evening 5-22-24

The Central Bank Announces Approved Dollar Sales Outlets For Pilgrims

Economy News _ Baghdad Today, Wednesday, the Central Bank of Iraq announced outlets for selling dollars to pilgrims.

The bank said in a statement received by Al-Iqtisad News, “The outlets for selling the dollar to pilgrims are in the branches of Al-Rashid, Al-Rafidain, Al-Iraqi Trade, and Al-Nasik banks, in addition to a number of money exchangers in Baghdad and a number of governorates.” Views 85 05/22/2024 - https://economy-news.net/content.php?id=43639

What Are The Reasons For The World Bank’s Demand To Reform The Retirement System In Iraq?.. Economic Clarification

Posted On05-22-2024 By Sotaliraq Economist Nabil Al-Marsoumi explained the reasons for the World Bank's demand to reform the retirement system in Iraq.

Al-Marsoumi said in a blog post, “According to data from the General Retirement Directorate, the total number of civilian and military retirees in Iraq in 2020 reached 2.486 million retirees, while the number of retirees who receive their salaries from the retirement fund reached 544 thousand retirees.”

He pointed out that “the budget bears the disbursem*nt of the salaries of 1.942 million retirees,” noting that “the total value of the monthly salaries of retirees amounts to 1.551 trillion dinars, and the annual value is 18.612 trillion dinars.”

He stated that “the total annual pension salaries borne by the general budget are 11.772 trillion dinars in 2020, while 6.840 trillion dinars are paid from the retirement fund.”

He stressed that “today’s numbers have risen a lot, especially since 120,000 employees annually are referred to retirement after reducing the retirement age to 60 years,” noting that “retirement referrals before 1/1/2008 are all paid from the public treasury according to the laws of transitional justice, political dismissals, and all others.”

Laws legislated by the House of Representatives. As for those referred to retirement after 1/1/2008, their salaries are paid from the Retirement Fund, while retirement rewards are paid from the state treasury.”

He continued, “The government depends, in its financing of pensioners’ salaries and all other forms of social protection programs, on financial resources financed by oil revenues, which exposes it to delaying or even to the risk of stopping due to the fluctuation of these revenues, especially linked to highly volatile global oil prices, due to external rather than internal factors on the one hand, and low efficiency in Managing the funds of the pension fund, which lacks transparency in disclosing its assets and aspects of its investments, on the other hand.” LINK

Referring The 2024 Budget Tables To Parliamentary Finance

Money and business Economy News – Baghdad Today, Wednesday, the House of Representatives announced the referral of the schedules of the Federal General Budget Law 2024 to the Parliamentary Finance Committee.

According to a document issued by the Council, seen by Al-Iqtisad News, “Acting Speaker of the House of Representatives Mohs Al-Mandalawi referred the schedules of the Federal General Budget Law 2024 to the Parliamentary Finance Committee.” - https://economy-news.net/content.php?id=43645

Raq Intends To Deliver The Capacity Of The Northern Refineries To 600 Thousand Barrels Per Day

Reconstruction and building Economy News – Baghdad The Northern Refineries Company, affiliated with the Ministry of Oil, announced today, Wednesday, the total refining capacity of the Northern refineries, while indicating the continued development of the refineries and raising them to the ranks of international companies.

The director of the project management department at the company, Ata Aliwi Hussein Al-Hamdani, said: “The Northern Refineries Company is witnessing a major renaissance and development that will place it among the major refinery companies in the Middle East, as the cadres of the Project Management Department, the Maintenance Authority, and the company’s supporting departments have begun establishing Refining Unit 3 at the Salah al-Din Refinery.”

To be the nucleus of the Salah al-Din Refinery 3, which will be added to the company’s refinery complex with a capacity of 70,000 barrels per day,” indicating that “a new refining capacity will be added to the current basic refining capacities existing in the company.”

Al-Hamdani added, “Salah al-Din Refinery 1 will have a refining capacity of 70,000 barrels per day, Salah al-Din Refinery 2 will have a refining capacity of 70,000 barrels per day, while the North Refinery will have a capacity of 150,000 barrels per day, and the small refining units 2 and 3 in the North Refinery will have a capacity of 20.” One thousand barrels per day. It is hoped that these units will enter into trial operation this year. The Salah al-Din 3 refinery will have a capacity of 70 thousand barrels per day. It is hoped that the refining unit will be completed within one year.

Thus, the total capacity of the Al-Samoud Refinery Complex during the coming year will be approximately 380 thousand barrels per day. "

He continued: “As for the company’s external refineries, the Project Management Department, under the guidance of the Director General of the Northern Refineries Company, continues to implement the company’s plan to raise refining capacities during the current and next years.”

He explained, "The current capacity of the Kirkuk refinery is 56 thousand barrels, and after the completion of concentration unit 109, it will be 76 thousand barrels per day, while the current capacity of the Siniya refinery is 30 thousand barrels per day, and after the completion of the two new units, the refining capacity will be 50 thousand barrels per day, and the current capacity of the Haditha refinery is It reaches 16 thousand barrels,

and after completing the two new units, the refining capacity will be 36 thousand barrels per day, and the Kasak refinery has a current capacity of 20 thousand barrels per day, and after completing the new unit, the refining capacity will be 30 thousand barrels per day.

As for the Qayyarah refinery, the available refining capacity will reach approximately 12 thousand barrels per day. After completing the new unit, the refining capacity will be 32 thousand barrels per day,” noting that “the refining capacity of the current and added external refineries will be 204 thousand barrels per day.”

He pointed out that “the total refining capacity of the current and added North Refineries Company will be 584 thousand barrels per day, which is an unprecedented refining capacity in the field of the refinery sector, with the addition of complementary units such as hydrogenation, isomerization and improvement of gasoline units, energy units, technical services, pumping and storage units, industrial water transactions, and others, with modernization projects.” Units, infrastructure, residential complexes, investment units and refineries.”

He stated that “the Northern Refineries Company has also begun preparing the requirements for establishing the FCC unit, which is a unit consisting of four basic units to maximize the production of improved gasoline and intermediate distillates. This unit works on the fuel oil or black oil remaining in the refining tower produced by the company’s refineries,”

pointing out that we We seek to implement all plans and programs to raise refining capacities, modernize and develop the company’s refineries, and elevate it to the ranks of major international companies in the refinery sector in Iraq and the Middle East.” 242 views 05/22/2024 - https://economy-news.net/content.php?id=43641

Oil Prices Decline Amid Expectations That Interest Rates Will Remain High For A Longer Period

Wednesday 22, May 2024 08:08 | Economical Number of readings: 140 Baghdad / NINA / Oil prices fell for the third session in a row today, Wednesday, amid expectations that the Federal Reserve (the US central bank) will keep interest rates high for a longer period due to continued inflation, which may affect fuel use in the world’s largest oil consumer.

Brent crude futures fell 43 cents, or 0.5%, to $82.45 per barrel, and US West Texas Intermediate crude futures fell 50 cents, or 0.6%, to $78.16.

US Central Bank officials said yesterday, Tuesday, that the bank must wait several more months to ensure that inflation actually returns to the target path of 2% before any interest rate cuts.

Oil prices fell yesterday, Tuesday, as investors expected that inflation and continued interest hikes in the United States would lead to a decline in consumer and industrial demand.

Yesterday, Tuesday, Brent crude futures contracts fell by 46 cents, equivalent to 0.55%, to $83.25 per barrel by 07:28 GMT.

US West Texas Intermediate crude fell 55 cents, or 0.69%, to $79.25 a barrel. Both benchmarks fell less than 1% on Monday after US Federal Reserve (central bank) officials said they were waiting for more signs of slowing inflation before considering lowering interest rates./Ends 9

https://ninanews.com/Website/News/Details?key=1128035

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

Provoking Thoughts and Points to Ponder on Money

Inflation is determined by money supply growth.-Roger Bootle

Laws go where dollars please.-Portuguese proverb

Money can't buy friends, but you can get a better class of enemy.-Spike Milligan

Money is not an aphrodisiac: the desire it may kindle in a female eye is more for the cash than the carrier.-Marya Marines

Money is the fruit of evil as often as the root of it.-Henry Fielding

Money, like a queen, gives rank and beauty .-Latin proverb

http://www.famousquotesandauthors.com/topics/money_quotes.html

http://www.famousquotesandauthors.com/

Goldilocks' Comments and Global Economic NewsWednesday Evening 5-22-24

Good Evening Dinar Recaps,

© Goldilocks

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Do you see why the XRP and SEC connection is so important? Yes, Ripple is ISO compliant. Now that changes things a little bit... 😉

© Goldilocks

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ISO 20022 Crypto: Which Coins & Tokens are Compliant? -CoinCheckup

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Iraq clears all debts to IMF |Iraqi News

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The People’s Bank of China (PBOC) and the Bank of Thailand signed a memorandum of understanding (MOU) on Tuesday to enhance cooperation in facilitating bilateral transactions using local currencies. |Modern Diplomacy

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The American Bankers Association urged House leaders to back a bill that would stop the Federal Reserve from creating a CBDC for individuals. |Crypto News

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👆Ripple is at the forefront of the CBDC revolution, engaging with governments globally to leverage its technology for digital currency development. In May 2023, Ripple launched a dedicated platform to assist central banks, governments, and financial institutions in issuing CBDCs and stablecoins. 2 days ago |Forbes

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3 Unconventional Trends Reshaping The Business Landscape |Forbes

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Todays House Bill removes the @SECGov entirely from crypto.

Puts all power in the hand of the Secretary of the Department of Commerce.

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Swift Unveils New Cross-Border Payment Tracking Solution |PYMNTS

Swift Announcement:

Swift is extending ISO 20022 across the entire payment chain. 👇

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What a month to remember...

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Expanding the cross-boundary e-CNY| Hong Kong Monetary Authority

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AI Is Taking Over Accounting Jobs As People Leave The Profession |Forbes

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Asia Pacific Outshines Globally in Instant Payments Adoption -Blockchain News

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Swift standardizes payments end-to-end and gives banks ready-to-use tracking services to enhance corporate |Swift

👆this is going to change ISO20222 timelines a bit...😄

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Brussels, 21 May 2024 -Swift has today set out plans to help financial institutions streamline the cross-border payments experience for their corporate customers, byextendingISO 20022across the entire payment chain and giving banks ready-to-use, white-labelled tracking services that can be activated for customers...1 day ago |Swift

👆I will say more on this tomorrow. This changes the game quite a bit my friends.

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VanEck's Ethereum ETF listed on DTCC ahead of SEC decision |ReadWrite

A smart contract can execute an FX swap contract by locking the agreed rates and amounts on the blockchain, and transferring the funds automatically on the specified dates. This can reduce the need for intermediaries, such as banks or brokers, and lower the transaction fees and settlement time. |Linkedin

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This Is SeriousBRICS Nations Have Officially Set A Date To Ditch The US Dollar. |Twitter

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Ripple Vs. SEC Lawsuit: Latest Filing Marks Beginning Of The End Of Historic Battle |Bitcoinist

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IF THIS HAPPENS - CRYPTO WILL EXPLODE OVERNIGHT! MEGA CRYPTO NEWS! |Youtube

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Secret Banking Crisis Looms; What the Fed Doesn’t Want You to Know – Insider Nomi Prins |Youtube

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Harambe: Zimbabwe Applies For ISO Code For ZiG Currency | Pindula (5/22/24)

Reserve Bank of Zimbabwe (RBZ) deputy governor Innocent Matshe said that the central bank is in the process of applying for an International Organisation for Standardisation (ISO) code for the Zimbabwe Gold (ZiG) currency as it moves to make the unit a stand-alone currency, reported.

ISO currency codes are three-letter alphabetic codes that represent various currencies used worldwide. These codes are essential for currency trading and international settlements.

When combined, they form the symbols and cross rates used in financial transactions. For instance, USD stands for the United States Dollar, EUR represents the Euro, and JPY denotes the Japanese Yen.

The ISO currency code for the defunct Zimbabwean dollar was ZWL.

Speaking at a breakfast meeting hosted by the Zimbabwe Economics Society in Harare on Tuesday, Matshe said:

According to our economic strategy, we believed that the success of our currency, ZiG, would depend on a limited management system, maintaining a tight monetary policy stance, controlling money supply and creating demand for the domestic currency.

This would demonstrate policy consistency, build trust in ZiG and facilitate effective communication. Let me confirm that ZiG is indeed a standalone currency.

We are currently in the process of applying for an ISO code and we expect no deviation from our initial protection policies.

Matshe claimed that Zimbabwe’s economy has been growing despite exchange rate fluctuations and inflation. He said:

It is essential to have an affordable base currency. We cannot sustain a dual currency situation indefinitely. Zimbabwe’s economy has been growing despite past instabilities, including currency fluctuations, exchange rates and inflation. However, we need to address these issues.

Matshe also pointed out that it was critical to include all sectors in currency reform, including those outside the traditional financial and banking sectors. He said:

The introduction of ZiG aimed to end the instability and create a standardised currency. Without robust reforms, our economy would not have grown significantly.

We need a framework that harnesses the potential of all sectors, including those outside the traditional financial and banking sectors.

Inclusivity is crucial and we must understand that digital finance is essential for a 21st-century economy.
We have made progress in electronic financial activities, but we need to think seriously about digitalisation.

Certainty and stability in times of crisis allow for long-term planning and investment, which is key to industrialisation.

https://www.pindula.co.zw/2024/05/22/zimbabwe-applies-for-iso-code-for-zig-currency/