KTFA, News Dinar Recaps 20 KTFA, News Dinar Recaps 20
KTFA: Clare: Iraq receives a suspect it recovered from Belarus on charges of embezzling 6 billion dinars
6/16/2024 Baghdad
The Federal Integrity Commission confirmed today, Sunday, that joint cooperation with countries around the world is the only way to recover the money and the accused.
The head of the Federal Integrity Commission, Haider Hanoun, said, “The Integrity Commission is making great efforts to recover Iraq’s stolen funds by concluding memorandums of understanding with countries.”
He explained, "There is no pressure on countries to return the money except through joint cooperation, and giving more space to search for our money in those countries and recover the accused."
Hanoun added, “The Integrity Commission was able to recover one of the accused, who is convicted from a country in Belarus for embezzling more than 6 billion dinars.
KTFA:
Clare: Iraq receives a suspect it recovered from Belarus on charges of embezzling 6 billion dinars
6/16/2024 Baghdad
The Federal Integrity Commission confirmed today, Sunday, that joint cooperation with countries around the world is the only way to recover the money and the accused.
The head of the Federal Integrity Commission, Haider Hanoun, said, “The Integrity Commission is making great efforts to recover Iraq’s stolen funds by concluding memorandums of understanding with countries.”
He explained, "There is no pressure on countries to return the money except through joint cooperation, and giving more space to search for our money in those countries and recover the accused."
Hanoun added, “The Integrity Commission was able to recover one of the accused, who is convicted from a country in Belarus for embezzling more than 6 billion dinars. She previously worked in the Ministry of Health and arrived in Iraq, and is also waiting for other accused,” noting that “the Commission is continuously working with countries to recover... Money and defendants. LINK
Clare: Al-Sudani confirms the progress of the fight against corruption “in every corner where it hides"
6/16/2024
Prime Minister Muhammad Shiaa Al-Sudani stressed the progress of the fight against corruption “in every corner where it hides.”
Al-Sudani said in a statement, a copy of which {Al-Furat News} received on the occasion of the blessed Eid al-Adha, “I extend my best congratulations and blessings to our honorable Iraqi people on the occasion of the blessed Eid al-Adha, coupled with my sincere prayers to the Creator, the Almighty, to repeat this occasion for our people in all parts of Mesopotamia.”
And the peoples of the Arab and Islamic worlds, with more abundance of goodness and the blessing of security and stability, and to bestow His victory and mercy upon our patient people in Gaza, and to repel aggression from them.”
He added, "I turn to the Almighty to accept the good deeds of those who performed Hajj to His Sacred House, and to return our Iraqi pilgrims safely, winning God’s forgiveness and satisfaction, and enjoying His abundant mercy. He is the best Lord and Helper."
On this occasion, Al-Sudani renewed “the bond of responsibility and covenant, with our people of all categories and sects, to continue work and diligence, and to exert efforts and energies, to achieve all the components of our government program, which is a realistic extrapolation of the demands and ambitions of our people, and an actual and field response to confront all the challenges and difficulties that stand in their way.” ".
He continued, "Just as we affirm the continuation of our responsibilities towards the sovereignty of Iraq, extending the hand of the law, liberating and developing the economy, bringing about progress and development, creating creative opportunities, and combating all social ills and corruption in every corner where it hides, Eid Mubarak and acceptable work, and may the Iraqis’ days last in joy and happiness. “Iraq will remain proud and strong under the shadow of its honorable sons and family.” LINK
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Clare: Sudanese on Eid: Committed to Iraq's sovereignty and extending the hand of law
6/16/2024
Today, Sunday, Iraqi Prime Minister Muhammad Shiaa Al-Sudani sent his congratulations to the Iraqis on the occasion of Eid Al-Adha.
Al-Sudani expressed, in a statement received by Shafaq News Agency, his calls for more goodness, security and stability for the Iraqi people and the peoples of the Arab and Islamic worlds. He also called for mercy and victory for the people of Gaza, stressing the necessity of repelling the aggression against them.
Al-Sudani stressed the renewal of the pledge with the Iraqi people of all categories and sects to continue hard work and diligence to achieve all provisions of the government program, which aims to meet the demands and aspirations of the Iraqi people and confront the challenges and difficulties that stand in their way.
Al-Sudani added that the government continues to bear its responsibilities towards Iraq's sovereignty, extend the hand of the law, liberalize and develop the economy, achieve progress and development, create creative opportunities, and combat social ills and corruption in all parts of the country.
The Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, also extended his congratulations on the occasion of Eid Al-Adha, and called, in a statement received by Shafaq News Agency, for concerted efforts to enhance security and stability and support the construction and reconstruction movement.
The Acting Speaker of the House of Representatives renewed his call on the international community to stop the Zionist aggression against Palestine and the countries of the region, stressing the necessity of serious and immediate action in order to break the siege on the Gaza Strip and bring in urgent humanitarian aid. LINK
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Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8
Goldilocks' Comments and Global Economic News Sunday Afternoon 6-16-24
Good EveningDinar Recaps,
EU Basel 3 Announcement: The Fundamental Review of the Trading Book (FRTB) isa comprehensive suite of capital rules. They are developed by the Basel Committee on Banking Supervision (BCBS) as part of Basel III. Their intentions are to apply these rules to banks' wholesale trading activities.
The EU plans to delay FRTB because moving first would put EU banks at a competitive disadvantage to US banks.
This is a coordinated effort globally. Where one goes, we all go. Europe has given themselves a back wall date of January 1st, 2025 to to fully implement Basel 3 requirements. It looks like they have moved into a place that other countries are going to have to catch up to going forward.
Goldilocks' Comments and Global Economic News Sunday Afternoon 6-16-24
Good EveningDinar Recaps,
EU Basel 3 Announcement:
The Fundamental Review of the Trading Book (FRTB) isa comprehensive suite of capital rules. They are developed by the Basel Committee on Banking Supervision (BCBS) as part of Basel III. Their intentions are to apply these rules to banks' wholesale trading activities.
The EU plans to delay FRTB because moving first would put EU banks at a competitive disadvantage to US banks.
This is a coordinated effort globally. Where one goes, we all go. Europe has given themselves a back wall date of January 1st, 2025 to to fully implement Basel 3 requirements. It looks like they have moved into a place that other countries are going to have to catch up to going forward.
Look for gold to be reclassified during this time and the digital economy to go ahead and move into its mass adoption. ICMA Group
© Goldilocks
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"Lagarde Urges Governments to Respect Global Trade Rules"
Remember what we said the other day about Trade Wars beginning, and how, Treaty Agreements are signed at the end of them.
Trade Wars are attempts by countries to damage each other's trade, typically by the imposition of tariffs or quota restrictions.
This will cause distortions in prices that will have to be reset under new Treaty Agreements that are universally signed.
Look for this to come at a time when Basel 3 Capital Requirements can be implemented into a new financial order. Bloomberg
Here we go.
© Goldilocks
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Here is the list of countries that will join BRICS:
* Africa:
* Algeria;
* Morocco;
* Nigeria;
* Chad;
* Equatorial Guinea;
* Eritrea;
* Senegal;
* Zimbabwe;
* South Sudan.
* Asia:
* Azerbaijan;
* Bangladesh;
* Bahrain;
* Indonesia;
* Kazakhstan;
* Kuwait;
* Palestine;
* Pakistan;
* Syria;
* Thailand;
* Vietnam;
* Sri Lanka;
* Türkiye.
* Latin America:
* Bolivia;
* Venezuela;
* Honduras.
BRICS Summit October 2024
Gazeta
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Hello, World!
Figure Technology Solutions has launched Figure Connect, its blockchain-based marketplace for private credit.Outside of the qualified mortgage sector, most loan purchase agreements (LPAs) are bespoke, making them illiquid. Figure’s is promoting the use of standardized sales terms and documentation to make the market more liquid. Ledger Insights Figure Technology Solutions
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Bitcoin Suisse, one of the largest digital asset players in the country, has issued a digital bond via the Obligate platform. When asked for more details about the bond, Bitcoin Suisse told Ledger Insights that it is a technical prototype with a 12 month maturity, available only to qualified investors.
Ledger Insights Bitcoin Suisse
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Marui, the large Japanese department store, issued a digital green bond in May. Not only did it use blockchain, but it was also directly issued to its customers as investors, with Securitize Japan providing the blockchain platform. Besides the digital bond, the green investment also has a blockchain angle.
It was a smalldigital bondissuance of just Yen 170 million ($1.1 million) with the investment available to Marui’s EPOS credit card holders. The 1% interest on the bond is partially paid in EPOS points and partly in real money.
The bond proceeds are intended to purchase a renewable energy power plant, although the small print also allows for energy-efficient building upgrades. Marui is partnering with Updater (formerly Minna Denryoku or Minden) for the renewable energy plant.
Updater has a blockchain-based platform,Enection 2.0, which tracks the source of renewable energy, allowing business buyers to pair electricity sales with energy attribute certificates (EACs) for green energy. Ledger Insights Marui Enection 2.0 Digital Bond
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BIS launches Toronto Innovation Hub -Ledger Insights - blockchain for enterprise
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Testimony of Chairman Rostin Behnam Before the Subcommittee on Financial Services and General Government, Committee on Appropriations, U.S. Senate |CFTC
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PCPD Corporate Video |Youtube
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FADGI is part of a broader effort by NARA to move away from paper-based processes towards digitization.
Federal Agencies Digital Guideline Initiative (FADGI) guidelines are mandatory for federal agencies and affiliated organizations when digitizing archival records.
The guidelines went into effect in June 2024 as part of the National Archives and Records Administration's (NARA) effort to move away from paper-based processes.By June 2024, all permanent records archived in the National Archives must be digitized and meet FADGI three-star quality standards. Digitization Guidelines Government Technology Insider
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Seeds of Wisdom Team Presents
The Goldilocks Daily Breakdown Podcast:
Are you too tired or too busy to read the daily Goldilocks articles that keep you up to date on the GCR?
We have you covered with a new podcast called theGoldilocks Daily’s.
Tune in each day at your convenience and listen toMr. Anonymousbreak down the articles the Goldilocks Team brings to this community.
Mr. Anonymous will read each article for you and explain them in layman’s terms.
Listen on the go, in the car on your way to work, while walking the dog, or exercising at the gym. Listen anywhere, anytime, but listen and stay informed.
The New Goldilocks Daily’s - you’re sure to love it!
Goldilocks'Daily Breakdown PodcastLink
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What Iraq Must Do Before RV Can Happen |Youtube
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XRP RIPPLE UPDATE: CAN XRP ESCAPE THIS? | SEC VS RIPPLE | XRP Lawsuit Heats Up with Judge |Youtube
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BIS Survey: 94% of Central Banks Exploring Digital Currency –Featured Bitcoin News
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BRICS SUMMIT 2024: What is on Agenda?
Fastpo: 6-15-2024
The BRICS Summit 2024, set to take place in Kazan, Russia, in October, will address several critical issues and priorities under the theme "Strengthening Multilateralism for Just Global Development and Security."
28 Countries Joining BRICS With Names and Capacities:
The summit's agenda includes the expansion of BRICS membership, with the addition of Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates, aiming to bolster the group's global influence. Economic and financial cooperation will be a focal point, with discussions on using national currencies in trade to reduce dependency on the US dollar, and the implementation of the Strategy for BRICS Economic Partnership 2025.
BRICS SUMMIT 2024: What is on Agenda?
Fastpo: 6-15-2024
The BRICS Summit 2024, set to take place in Kazan, Russia, in October, will address several critical issues and priorities under the theme "Strengthening Multilateralism for Just Global Development and Security." 28 Countries Joining BRICS With Names and Capacities:
The summit's agenda includes the expansion of BRICS membership, with the addition of Egypt, Ethiopia, Iran, Saudi Arabia, and the United Arab Emirates, aiming to bolster the group's global influence. Economic and financial cooperation will be a focal point, with discussions on using national currencies in trade to reduce dependency on the US dollar, and the implementation of the Strategy for BRICS Economic Partnership 2025.
Political and security coordination will be enhanced to address international and regional threats collectively. Cultural and humanitarian collaboration will also be emphasized, promoting cooperation in science, technology, healthcare, and environmental protection. The summit will advocate for a multipolar international order and fair global financial systems, reinforcing the principles of international law.
Over 200 related events will be organized throughout the year, showcasing the comprehensive efforts of the BRICS nations to strengthen global development and security.
In this video, we will explore the main agenda of the upcoming BRICS Summit 2024, shedding light on the key priorities and collaborative plans of the BRICS bloc in preparation for the event.
What Next? https://youtu.be/FVIed9MicE4
BRICS+ Massive Expansion Signals Western Policies Failed, Iran in BRICS |Prof. Mohammad Marandi
Lena Petrova: 6-16-2024
Professor Seyed Mohammad Marandi is an academic at the University of Tehran and a political analyst. Professor Marandi and I are discussing the recent news with respect to the BRICS bloc, economic development aspirations for the global majority and what Iran’s full membership in the BRICS+ means for its economy.
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TNT: Tishwash: this was in Iraq's news
Venezuelan Minister: We are close to producing one million barrels of oil per day
Venezuelan Oil Minister, Pedro Telechia, announced that his country is close to producing one million barrels of oil per day for the first time in more than five years. “We can officially say that we have exceeded 950,000 barrels per day this month,” Telechia said during an official event in the capital, Caracas, adding, “We are very close to producing one million barrels.” Oil production peaked in 2008 with 3.5 million barrels per day, but declined years later due to strict US sanctions.
Last month, Washington re-imposed sanctions on Caracas six months after easing them, in response to "the government's continued repression of opponents before the July elections."
TNT:
Tishwash: this was in Iraq's news
Venezuelan Minister: We are close to producing one million barrels of oil per day
Venezuelan Oil Minister, Pedro Telechia, announced that his country is close to producing one million barrels of oil per day for the first time in more than five years.
“We can officially say that we have exceeded 950,000 barrels per day this month,” Telechia said during an official event in the capital, Caracas, adding, “We are very close to producing one million barrels.”
Oil production peaked in 2008 with 3.5 million barrels per day, but declined years later due to strict US sanctions.
Last month, Washington re-imposed sanctions on Caracas six months after easing them, in response to "the government's continued repression of opponents before the July elections."
However, Spanish energy giant Repsol has received permission from the United States to continue operating in Venezuela.
The Venezuelan Oil Minister said last month that he was optimistic that Venezuelan oil production would reach one million barrels per day soon, for reasons including the agreement with Repsol.
Telechia is also the president of the Venezuelan oil giant Petroleos de Venezuela (Pedivesa).
Venezuela's production reached 910,000 barrels per day by the end of May, according to the Organization of the Petroleum Exporting Countries (OPEC).
The country's production fell to less than one million barrels per day in 2019 when the United States imposed sanctions following the re-election of President Nicolas Maduro a year ago.
By 2020, the number was less than 400 thousand barrels.n link
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CandyKisses: Sudanese on Eid: We are committed to the sovereignty of Iraq and the extension of the hand of law
On Sunday, Iraqi Prime Minister Mohammed Shia al-Sudani congratulated Iraqis on the occasion of Eid al-Adha.
Al-Sudani expressed, in a statement received by Shafaq News Agency, his calls for more goodness, security and stability for the Iraqi people and the peoples of the Arab and Islamic worlds, and also called for mercy and victory for the people of Gaza, stressing the need to respond to aggression from them.
Al-Sudani stressed the renewal of the covenant with the Iraqi people of all categories and sects to continue to work hard and diligence to achieve all the provisions of the government program, which aims to meet the demands and aspirations of the Iraqi people and face the challenges and difficulties that stand in their way.
Al-Sudani added that the government continues to shoulder its responsibilities towards Iraq's sovereignty, extending the hand of law, liberalizing and developing the economy, achieving progress and development, creating creative opportunities, and combating social ills and corruption throughout the country.
The Acting Speaker of the House of Representatives, Mohsen Al-Mandalawi, also offered his congratulations, on the occasion of Eid al-Adha, and called in a statement, received by Shafaq News Agency, for concerted efforts to enhance security and stability and support the construction and reconstruction movement.
The Acting Speaker of the House of Representatives renewed his call on the international community to stop the Zionist aggression against Palestine and the countries of the region, stressing the need for serious and immediate action in order to break the siege on the Gaza Strip to bring in urgent humanitarian aid.
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CandyKisses: Iraq's oil exports to America rise significantly in a week
The US Energy Information Administration announced on Sunday that Iraq's oil exports to America rose during the past week.
The administration said in a table seen by Shafaq News Agency, "The average US imports of crude oil during the past week from 9 major countries amounted to 6.120 million barrels per day, up by 363 thousand barrels per day from the previous week, which amounted to 5.757 million barrels per day."
She added that "Iraq's oil exports to America amounted to 228,000 barrels per day last week, up by 102,000 barrels per day from the previous week, which amounted to 126,000 barrels per day."
The administration pointed out that "the most oil revenues of America during the past week came from Canada at a rate of 3.974 million barrels per day, followed by Mexico with an average of 987 thousand barrels per day, followed by Saudi Arabia with an average of 278 thousand barrels per day, and from Nigeria at a rate of 208 thousand barrels per day."
According to the table, "the amount of US imports of crude oil from Ecuador was at a rate of 149,000 barrels per day, from Brazil at a rate of 134,000 barrels per day, from Libya at a rate of 87,000 barrels per day, and from Colombia at a rate of 75,000 barrels per day."
Mot: ... Have a Very Happy ~~~~~~
Mot: .. the ole chip off of ~~~
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Iraq News Highlights and Points To Ponder Late Saturday Evening 6 – 14 - 24
Iraqis resort to “gold bullion” instead of money, and the banking system is dying
Economy |Today, Baghdad today - Baghdad Today, Wednesday (June 12, 2024), financial affairs expert Mustafa Hantoush revealed the reason why Iraqis are resorting to purchasing gold bullion in abundance during the current period.
Hantoush said in an interview with "Baghdad Today" that "recently, the demand for buying gold bullion has increased significantly by citizens, especially those with large sums of money. They have begun to save that money through these bullion instead of depositing their money in banks."
He stated that "the reason why citizens resort to buying gold bullion to save their money is as a result of the weakness of the banking system, lack of confidence in this system, and fear for their money due to American sanctions. This is why we see the majority of Iraqis turning towards gold bullion, especially in light of the high prices of the yellow metal and the stability of this price and its lack of fluctuation like the dollar."
Iraq News Highlights and Points To Ponder Late Saturday Evening 6-14-24
Iraqis Resort To “Gold Bullion” Instead Of Money, And The Banking System Is Dying
Economy |Today, Baghdad today - Baghdad Today, Wednesday (June 12, 2024), financial affairs expert Mustafa Hantoush revealed the reason why Iraqis are resorting to purchasing gold bullion in abundance during the current period.
Hantoush said in an interview with "Baghdad Today" that "recently, the demand for buying gold bullion has increased significantly by citizens, especially those with large sums of money. They have begun to save that money through these bullion instead of depositing their money in banks."
He stated that "the reason why citizens resort to buying gold bullion to save their money is as a result of the weakness of the banking system, lack of confidence in this system, and fear for their money due to American sanctions. This is why we see the majority of Iraqis turning towards gold bullion, especially in light of the high prices of the yellow metal and the stability of this price and its lack of fluctuation like the dollar."
From mid-December 2022 until now, the Iraqi dinar has continued to fall against the US dollar, until it reached the level of 1,610 dinars against one dollar at a time when the official price of the dollar is 1,300 dinars.
With the decline of the national currency and the rise in poverty and unemployment rates, Iraqi gold markets recorded a large demand from customers to buy the yellow metal amid warnings against buying counterfeit ones.
According to data from the specialized website “Bloomberg” , Iraq bought 33.9 tons of gold in the year 2022, while the Turkish Consul General in Erbil Hakan Karaçay revealed that Iraq imported Turkish gold worth $1.5 billion during the year 2021.
Iraq's gold reserves witnessed a noticeable increase during the month of February 2024, as International Monetary Fund data showed that Iraq had increased its possession of the precious metal by 3,079 tons, bringing the total to 145,661 tons.
This increase indicates Iraq's continued strategy to diversify its foreign reserves and enhance financial and monetary stability in the long term.
This step by Iraq comes at a time when the world is witnessing a rise in gold prices, as the price reached its highest level in its history last month above $2,400 per ounce.
Many simultaneous factors are strengthening the record levels of gold, especially in light of the escalation of geopolitical tensions around the world, and in light of the state of “uncertainty” surrounding the global economy, which supports the trend towards the precious metal as a traditional safe haven in the face of market fluctuations and dire scenarios that impose themselves on the market. the scene.
Iraq is among the countries that possess large amounts of gold reserves in the Arab region, as it ranks fourth after the Kingdom of Saudi Arabia, Algeria, and Morocco. LINK
Golden Days For Sellers...The Recession Hits The “Eid Sacrifices” Market In Diyala And The Prices Are “Crazy”
Baghdad today – Diyala With the approaching Eid al-Adha, the market for selling sacrificial animals in the largest site for selling livestock and sheep in the country near the city of Baqubah is witnessing a state that resembles a depression, with a very limited demand for buying them due to the economic situation and the exaggerated rise in prices.
Ayser Khaled, a sheep and livestock trader, said in an interview with “Baghdad Today” that “prices are high according to the principle of supply and demand, and imports did not contribute to lowering prices. On the contrary, they rose by up to 10% in recent weeks,” pointing out that Eid al-Adha represents the golden days for us. To sell our sacrifices, but according to our vision of the situation, we are in a state similar to a depression.”
He acknowledged, "Prices are the reason and the matter is not in our hands. We are dealing with the market situation and we hope that there will be a decline, but according to what we see, the matter is very difficult."
As for Jihad Abu Mustafa, a livestock and sheep trader, he pointed out that there are limited segments of people who buy sacrifices on Eid, not including the poor and those with limited income, pointing out that the prices of sheep range from 400-700 thousand dinars and reach one million dinars, which in the eyes of simple people is a large sum. .
He added in an interview with “Baghdad Today” that “importing has not changed the equation and prices are still high,” noting that “the demand for purchases does not exceed 30% so far.”
As for Ibrahim Ali Al-Qaisi, a retired government employee, he bought a sacrifice for 600,000 dinars and said, “The prices are exaggerated and retirees have to wait for months in order to collect the sacrifice amount.”
He continued in an interview with "Baghdad Today", "We hope that the difficult economic conditions will change and that the government will address the issue of exaggerated meat prices in general because acute poverty has begun to creep into the regions."
With the advent of Eid, Muslims buy sacrificial animals to slaughter them after the end of the Arafat pause, and then distribute their meat to relatives, neighbors, the poor and the destitute.
The health authorities in Iraq warn all citizens against buying meat sold by street vendors due to hemorrhagic fever.
The indiscriminate slaughter of livestock represents the biggest challenge facing the Ministry of Health, at a time when the number of hemorrhagic fever infections is witnessing a significant increase, with a death rate of up to 40 percent.
On days like these, merchants are accustomed to having their livestock more in demand than at other times of the year, but the exorbitant high prices prompted many people to buy sacrificial animals weeks before this occasion. LINK
The House Of Representatives Sends The Decision To Approve The Budget Schedules To The Presidency Of The Republic
Friday 14, June 2024 02:58 | Political Number of readings: 356 Baghdad / NINA / The General Secretariat of the House of Representatives announced that the decision to approve the 2024 general budget schedules had been sent to the Presidency of the Republic for approval./End 5 https://ninanews.com/Website/News/Details?Key=1132505
Economy Parliamentary Integrity: Extending the Basra Pipeline - An Obstacle To Wasting Iraqi Money
Information / Baghdad.. Member of the Parliamentary Integrity Committee, Hadi Al-Salami, said today, Saturday, that laying the Basra-Oqaba pipeline is a waste of Iraqi funds.
Al-Salami told Al-Maalouma Agency, “There are many comments about spending billions on extending the Basra-Aqaba pipeline, as the government’s insistence on extending the pipeline raises suspicions of corruption related to wasting public money.”
He added, "Jordan's position on Iraq is hostile, and it is not possible to sign a memorandum of understanding or agreement with this country."
He explained that "the extension of the oil pipeline from Basra to Aqaba has major suspicions of corruption, calling on Parliament and the regulatory authorities to stop opposing the completion of the pipeline project." Ended / 25h LINK
Provoking Thoughts and Points To Ponder On Adversity:
Pain makes man think. Thought makes man wise. Wisdom makes life endurable. -John Patrick
Time engraves our faces with all the tears we have not shed. -Natalie Clifford Barney
Suffering raises up those souls that are truly great; it is only small souls that are made mean-spirited by it. -Alexandra David-Neel
To live is to suffer, to survive is to find some meaning in the suffering. -Roberta Flack
If you suffer, thank God! It is a sure sign that you are alive. -Elbert Hubbard
Suffering is also one of the ways of knowing you're alive. -Jessamyn West
http://famousquotesandauthors.com/topics/adversity_quotes.html
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Iraq Dinar-IQD Update-FX-NYSE Arca-ATMs Deployment Iraq-Ki Smart Card- JPMorgan-Seeks Private Money
MilitiaMan and Crew: 6-15-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
Iraq Dinar-IQD Update-FX-NYSE Arca-ATMs Deployment Iraq-Ki Smart Card- JPMorgan-Seeks Private Money
MilitiaMan and Crew: 6-15-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
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Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8
Goldilocks' Comments and Global Economic News Saturday Afternoon 6-14-24
Good Evening Dinar Recaps,
Project Meridian FX: Joint project by the Eurosystem and London Centres, and the Bank of England, to test synchronised settlement in FX |BIS |ProjectMeridian
Project Meridian Announcement: "The Eurosystem and London Centres of the BIS Innovation Hub, together with the Bank of England, have launched Project Meridian FX, to build on the findings ofProjectMeridian by focusing on foreign exchange (FX) transactions." Meridian FX has completed testing of the usability regarding standing orders for various types of assets and technologies ie foreign currency exchange.
It is expected to take the lead on innovations regarding real-time gross settlement (RTGS) systems operated by central banks.
Goldilocks' Comments and Global Economic News Saturday Afternoon 6-14-24
Good Evening Dinar Recaps,
Project Meridian FX: Joint project by the Eurosystem and London Centres, and the Bank of England, to test synchronised settlement in FX |BIS |ProjectMeridian
Project Meridian Announcement:
"The Eurosystem and London Centres of the BIS Innovation Hub, together with the Bank of England, have launched Project Meridian FX, to build on the findings ofProjectMeridian by focusing on foreign exchange (FX) transactions."
Meridian FX has completed testing of the usability regarding standing orders for various types of assets and technologies ie foreign currency exchange.
It is expected to take the lead on innovations regarding real-time gross settlement (RTGS) systems operated by central banks.
By focusing on FX transactions, Project Meridian is expected to settle FX trade issues, such as costs, risks, and time involved in cross-border transactions. BIS |ProjectMeridian
© Goldilocks
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Project Meridian |Youtube
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Why It’s Time for Corporates to Jump on the ISO 20022 Bandwagon |Pymnts|Investopedia
“Now with the CHIPS ISO 20022 migration completed, the entire industry is clearly one step closer to realizing the benefits together,” Lee told PYMNTS recently."
She goes on to emphasize that the potential for ISO 20022 cannot be complete without involvement with banks,corporates, and financial institutions.
Clearing House Interbank Payments System (CHIPS) is well on its way in interfacing ISO on the QFS several financial institutions that are still in process of completing this launch.
"CHIPS is a private-sector, bank-owned system for electronic payments in US dollars. CHIPS is the largest US dollar-based money transfer system in the US and is used for large interbank transactions."
CHIPS is the preferred method of payment for large transfers. Over 95% of USD cross-border payments utilize this service for its completion.
© Goldilocks
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What is Clearing House Inter bank Payment System (CHIPS)? Urdu / Hindi |Youtube
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TNT: CandyKisses: Rafidain Bank begins deploying ATMs in its main branches
15 JUNE 2024 15:07 Baghdad - Iraq Today:
Rafidain Bank announced the start of the deployment of ATMs in its main branches.
His media office said in a statement that "the bank has started deploying ATMs in its main branches, and then institutions, commercial areas and malls, respectively," noting that "this is in implementation of its strategic objectives in enhancing the spread of the bank's services in accordance with the strategy of Al-Rafidain to enhance financial inclusion and provide the best services to its customers."
TNT:
CandyKisses: Rafidain Bank begins deploying ATMs in its main branches
15 JUNE 2024 15:07 Baghdad - Iraq Today:
Rafidain Bank announced the start of the deployment of ATMs in its main branches.
His media office said in a statement that "the bank has started deploying ATMs in its main branches, and then institutions, commercial areas and malls, respectively," noting that "this is in implementation of its strategic objectives in enhancing the spread of the bank's services in accordance with the strategy of Al-Rafidain to enhance financial inclusion and provide the best services to its customers."
Tishwash: Al-Sudani: The Iraqi government is following a new approach aimed at activating the private sector
Prime Minister Muhammad Shiaa Al-Sudani confirmed today, Saturday, that his government is following a new approach in its program aimed at activating the private sector in Iraq and achieving equality between it and the public sector in rights and social security.
This came during his meeting today with a number of young graduates from Dhi Qar Governorate, as part of his sovereignty’s communication with the youth, following up on their demands and listening to their vision, according to a statement issued by the Iraqi government.
At the beginning of the meeting, Al-Sudani touched on the fact that Dhi Qar possesses the elements of economic advancement, human resources and investment opportunities that go beyond its borders, stressing that the government guarantees the right to peaceful demonstration and the protection of demonstrators on the path of communicating demands and publicizing rights, in a way that does not negatively affect the work of projects and civil services.
He pointed out that the government is following a new approach in its program aimed at activating the private sector, to create more basic job opportunities in the continuation of economic development and advancement and efforts to attract investments, as well as working towards achieving equality with the public sector in rights, social security, distribution of residential lands, and others.
The Iraqi Prime Minister asked the young graduates to present their vision and demands, and propose solutions, especially with regard to comments regarding youth employment offices. In order to contribute to supporting the stability of the governorate and creating sustainable and productive development, attracting employment requests and cooperating in meeting them between public and private sector institutions and investment projects.
Al-Sudani directed the provision of a special program from the “Riyada” initiative to care and support youth, allocated to Dhi Qar Governorate, in proportion to the population ratios. In order to grant loans to emerging, small and medium enterprises, as well as directing government banks to grant operational loans, and giving priority to young people, graduates, qualified people, and certificate holders. link
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CandyKisses: Parliament hints at a "revolution" in the completion of laws in the new legislative term - urgent
Baghdad Today - Baghdad
Today, Saturday (June 15, 2024), MP for the Fatah Alliance, Salem Al-Anbaki, confirmed that the new legislative term of the House of Representatives will witness a revolution to legislate laws.
Al-Anbaki told Baghdad Today that "there is a parliamentary consensus to focus the new legislative chapter to legislate important laws and stalled for political, technical or legal reasons, and we will witness a revolution to legislate a large number of laws."
He pointed out that "the Presidency of the House of Representatives directed all parliamentary committees to inventory their laws so that they are included on the schedules of the next legislative sessions and with the aim of voting on them, especially since there are approximately (140) Laws that need a vote in the House of Representatives, some of which have been suspended since previous parliamentary sessions."
Political forces are working to block important laws due to the great controversy. These laws represent as a result of being fateful reports, especially the "Oil and Gas" law and the "Federal Court".
The first legislative term of the second legislative year ended on June 10, after the term was extended from May 10.
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CandyKisses: The start of the escalation of pilgrims to the "Arafat" hair in preparation for the great stop tomorrow
Baghdad Today - Follow-up
With the sunset of the eighth day of Dhu al-Hijjah, the escalation of pilgrims began to Arafat, in preparation for standing tomorrow, Saturday, at its pure level, and the best day when the sun rose, to perform the greatest pillar of Hajj , which is to stand on its level, and whoever missed Arafat missed the Hajj.
While the process of escalation to Arafat's shrine will be through the Mashaer train, which accommodates 72,000 passengers per hour, in addition to 12,000 buses that carry out a frequency system to transport pilgrims through organized routes and a well-thought-out plan.
The Day of the Great Stand
And tomorrow is Saturday The ninth of Dhul-Hijjah "the day of the great stand" performing the noon and afternoon prayers in short and plural, then they begin to leave heading to Muzdalifah to stay overnight, and then move from it to Mina to complete the rituals of Hajj.
The area of Arafat is about 33 square kilometers, in which more than two million pilgrims gather, as the past decades and over the years have proven the ability of the government of the Custodian of the Two Holy Mosques - may God protect him - to accommodate More than these numbers, providing them with all amenities and security, and distinguished service without the pilgrim feeling hardship.
Arafat hairy
The land of Arafat is characterized by its levelness, surrounded by a series of mountains in the north of which there is Mount of Mercy, which consists of a small flat surface and wide area formed of hard stones of a large black color, and its length is 300 meters, and its circumference is 640 meters and the base of the mountain rises from the surrounding ground by 65 meters and there is a 7- meter-high sign on the top of the mountain, and this mountain is called by many names such as Jabal El, Mount Repentance, Mount Dua'a, Al-Nabit, and Jabal Al-Qurain.
Pilgrims look forward to standing on the "Mount of Mercy" in Arafat during their performance of Hajj rituals in honor of the Messenger of Allah Muhammad (may Allah's peace and blessings be upon him), who stood on him and delivered his farewell sermon, and Pilgrims are keen to pray and pray to God Almighty for mercy and forgiveness.
Mot: ... Great Gift fur Fathers Day it is!!! Fathers day hearing aid
Mot: .. Always Check ~~~~~Ceiling fan
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News DINARRECAPS8 News DINARRECAPS8
Iraq Economic News and Points To Ponder Late Friday Evening 6-14-24
Al-Rafidain Begins Deploying ATM Machines In Its Main Branches Economy | 12:31 - 06/14/2024 Today, Friday, Rafidain Bank announced the start of deploying ATM machines in its main branches. His media office stated in a statement received by Mawazine News, “The bank has begun deploying ATM machines in its main branches and then institutions, commercial areas, and malls, respectively.” He added, "This is in implementation of its strategic objectives in enhancing the spread of the bank's services in accordance with Al-Rafidain's strategy to enhance financial inclusion and provide the best services to its customers."
Iraq Economic News and Points To Ponder Late Friday Evening 6-14-24
Al-Rafidain Begins Deploying ATM Machines In Its Main Branches
Economy | 12:31 - 06/14/2024 Today, Friday, Rafidain Bank announced the start of deploying ATM machines in its main branches.
His media office stated in a statement received by Mawazine News, “The bank has begun deploying ATM machines in its main branches and then institutions, commercial areas, and malls, respectively.”
He added, "This is in implementation of its strategic objectives in enhancing the spread of the bank's services in accordance with Al-Rafidain's strategy to enhance financial inclusion and provide the best services to its customers." https://www.mawazin.net/Details.aspx?jimare=249686
Oil Jumps To $83 Per Barrel
Economy | 07:26 - 06/14/2024 Baghdad - Mawazine News Brent crude futures prices rose on Friday, and are heading towards recording their best weekly performance in more than four months after expectations of growth in demand for crude oil and fuel this year.
Brent crude futures rose 53 cents to $83.28 a barrel by 1356 GMT. US West Texas Intermediate crude futures also rose 41 cents to $79.03 per barrel.
The two benchmarks gained approximately 4.5 percent during the week, which will push Brent to record its highest weekly rise since the week ending February 9. US West Texas Intermediate crude is also heading towards achieving its largest weekly rise since the week ending April 5. https://www.mawazin.net/Details.aspx?jimare=249709
Basra Crude Prices Exceed The Global Decline
Money and business Economy News – Baghdad Basra heavy and medium crude prices rose today, Thursday, despite the decline in global oil prices.
Basra Heavy crude prices rose 60 cents to reach $80.28, and Basra Medium crude prices rose 60 cents to reach $83.13.
Global oil prices fell as investors digested the news that the US central bank chose not to cut interest rates in the near future. Views 75 06/13/2024 - https://economy-news.net/content.php?id=44280
Economists Call For Enhancing Non-Oil Revenues
Economical Baghdad: the mainstay of the emirate Economic affairs specialists called for thenecessity of working to enhance non-oil revenues and reduce dependence on oil in a manner consistent with economic reforms.
The specialist in economic affairs, Dr. Ahmed Al-Rawi, explained to “Al-Sabah” that
“oil is affected by variables as it is one of the strategic commodities, regardless of supply and demand, and
the factors affecting oil prices can be identified, including political, economic, and factors resulting from conflicts and security disturbances.
Because of its international and strategic importance,oilis considered acausal commodity.”
Foreconomic activityoreveninfluencingpolitical decisionsthat may lead tochanging the positions of many countries towards rising prices.
Regarding public budgets, Al-Rawi believes that
“it has become necessary to take practical measures regarding reconsidering public budgets away from rentier expectations and raising all forms of unnecessary public expenditures.”
Activatingnon-oil revenue systems, such as the system oftaxesandpublic fees, andrevitalizing economic sectorsso that the budget becomes capable ofproviding job opportunitiesfor theyoung workforceanddiversifying incomes, as well as developing oil production in proportion to spare capacity.
Theexpert called for achieving stability in the growth of the general budget by adopting a rate that is compatible with the annual growth rate of the gross domestic product and not making the development of the budget linked to oil revenues.
For her part, the Dean of the Faculty of Business Economics at Al-Nahrain University, Dr. Nagham Hussein, explained in a statement to “Al-Sabah” that
“not Thestability of oil revenues generates complications in financial policy in the short and long term, and
they are linked to a number of fundamental issues, including the relative importance of the oil sector in the national economy.
Prices fluctuate, so thefocusmust first be on thelong termandattention
to thefair distributionofresourcesand burdens.” https://alsabaah.iq/98237-.html
To read more current and reliable Iraqi news please visit :https://www.bondladyscorner.com/
Provoking Thoughts and Points To Ponder On Adversity:
Without the burden of afflictions it is impossible to reach the height of grace. The gift of grace increases as the struggles increase. -Saint Rose of Lima
When the going gets tough, the tough get going. -Frank Leahy
The effects of opposition are wonderful. There are men who rise refreshed on hearing of a threat, men to whom a crises, which intimidates and paralyzes the majority, comes as graceful and beloved as a bride! -Ralph Waldo Emerson
Remember that the Devil doesn't sleep, but seeks our ruin in a thousand different ways -Angela Merici
Down you mongrel, Death! Back into your kennel! -Edna Saint Vincent Millay
He that wrestles with us strengthens our nerves and sharpens our skills. Our antagonist is our helper. -Edmund Burke
The block of granite which was an obstacle in the path of the weak becomes a steppingstone in the path of the strong. -Thomas Carlyle
http://famousquotesandauthors.com/topics/adversity_quotes.html
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Economics, Gold and Silver, Goldilocks, News DINARRECAPS8 Economics, Gold and Silver, Goldilocks, News DINARRECAPS8
Goldilocks' Comments and Global Economic News Friday Afternoon 6-14-24
Good evening Dinar Recaps,
First, enlarge the chart above so you can get the full picture where you will see the last two charts at the bottom.
Take a look at the two bottom sections of this chart on the US Debt Clock. If you look at it closely, you will see thatthe production rate is not meeting the demand and supply rate.
As you can see from the numbers, the demand and supply is way above production.When the need rises as it will for our utility tokens on the QFS, prices will rise including our tokenized (gold) assets on the new market.
Goldilocks' Comments and Global Economic News Friday Afternoon 6-14-24
Good evening Dinar Recaps,
First, enlarge the chart above so you can get the full picture where you will see the last two charts at the bottom.
Take a look at the two bottom sections of this chart on the US Debt Clock. If you look at it closely, you will see thatthe production rate is not meeting the demand and supply rate.
As you can see from the numbers, the demand and supply is way above production.When the need rises as it will for our utility tokens on the QFS, prices will rise including our tokenized (gold) assets on the new market.
So, the shipping industry along with gold are in process of finding equilibrium that will enable the stabilized production of goods to synchronize themselves with stabilized prices in tokenized assets.
There is a shift in attention towards credit valuation adjustments taking place. This is where the fun begins. US Debt Clock
© Goldilocks
~~~~~~~~~
Let's sum up a little bit from the last article posted last night and this morning. On the Moscow Exchange, we have local currencies currently being traded.
This will enable countries to individually synchronize their gold with their shipping correlations through tokenized assets.
As these assets are interfaced on the QFS, real-world assets can now find real-world values as they are traded on the market.
As these new prices that form on the Moscow Exchange begin to solidify, we will notice a domino effect Globally as currencies and goods begin to exchange Internationally. This is the starting point. This is where it all begins.
This is a process determined by supply and demand revealing price determinations through price actions that take place on the market.
© Goldilocks
Last Night's Article
Russian economy forced into China pivot after sanctions bombshell |Newsweek
Goldilocks Room MessageLink
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Sovereign Wealth Fund Announcement:
"Hong Kong: New Sovereign Fund Starts Deploying Capital" The first batch of investments and start-ups begin this month. Why?
The purpose of a Sovereign Wealth Fund is to move onto the Global Market the assets and startup pools of liquidity in a country on the International stage through the liquidity provided by the SWF.
Hong Kong's new "tokenized assets" are in process of being interfaced onto the QFS. These new real-world asset prices based on real-world values will begin to reset and correlate themselves with new market chart patterns.
As they are being formed, movement into actual prices going forward will be gradual and not a shock to the system. Asian Investor Toptal
© Goldilocks
~~~~~~~~~
World Federation of Exchanges says tokenization’s main benefit is fractionalization |Ledger Insights
The World Federation of Exchanges (WFE), the global trade body for stock exchanges and clearing houses, today published apaper on tokenization.
On balance, it was critical of the concept, although it concluded that it “may be the next phase for traditional assets."
It found that the primary benefit of tokenization is fractionalization. And by making fractional assets available to a larger pool of investors, there’s potential to enhance liquidity.
WFE,Published Paper
~~~~~~~~
Do wholesale CBDCs compete with bank services? |Ledger Insights
Most banks are not keen on retail central bank digital currencies (CBDCs) because they fear it will lure away bank deposits. The recent support by theAmerican Bankers Association for the anti-CBDC Bill is evidence of this.Wholesale CBDCs – the ones only usable by institutions – were considered useful for banks.
However, some institutions are keener than others, often depending on the application of the wholesale CBDC. Executives in the securities services sector are usually the most enthusiastic. On the payments side, JP Morgan’s Umar Farooq appeared to have reservations during last month’s Consensus event.
CBDCs American Bankers Association Wholesale CBDCs
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Iraq's Development Road may link with China's Belt and Road |Iraq Business News
l-Sudani outlined Iraq's interest in developing gas projects to boost the manufacturing and fertilizer industries, adding value to the economy and creating job opportunities. He proposed presenting potential sites to CNPC for integrated energy projects comprising oil and gas production, processing plants, power plants, and petrochemical refineries.
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Risk of a global trade war if U.S. administration changes: Barclays |Youtube
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And the trade war begins... © Goldilocks.
... at the end of this trade war, new credit valuation agreements will be signed.
~~~~~~~~~
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TNT: Tishwash: Rafidain Bank begins deploying ATMs in its main branches
Al-Rafidain Bank has begun deploying ATM machines in its main branches
The bank indicated in a statement, a copy of which {Al-Furat News} received, that the devices will be successively deployed in institutions, commercial areas and malls, in implementation of its strategic objectives in enhancing the spread of the bank’s services in accordance with Al-Rafidain’s strategy to enhance financial inclusion and provide the best services to its customers.
TNT:
Tishwash: Rafidain Bank begins deploying ATMs in its main branches
Al-Rafidain Bank has begun deploying ATM machines in its main branches
The bank indicated in a statement, a copy of which {Al-Furat News} received, that the devices will be successively deployed in institutions, commercial areas and malls, in implementation of its strategic objectives in enhancing the spread of the bank’s services in accordance with Al-Rafidain’s strategy to enhance financial inclusion and provide the best services to its customers.
Tishwash: this is from June 7 24 from Kurdistan
First MyAccount ATM to be installed in Sulaimani
In the Kurdistan Region of Iraq (KRG), more than 25,000 civil servants received their April salaries via their MyAccount master cards, and the number is expected to grow for the May salary.
Kurdistan24 Reporter Aram Bakhtiar on Friday stated that the first set of ATMs will be installed outside the Sulaimani Municipality as part of the MyAccount project.
In the Kurdistan Region of Iraq (KRG), more than 25,000 civil servants received their April salaries via their MyAccount master cards, and the number is expected to grow for the May salary.
Kurdistan Region Prime Minister Masrour Barzani on May 31, in a post on X called for Kurdistan Region civil servants to continue registering for the MyAccount initiative.
The government’s Department of Information Technology (DIT) designed, tested, piloted, and implemented a secure application for onboarding KRG civil servants into the program in line with the Central Bank of Iraq’s Know-Your-Customer (KYC) needs, according to a press release previously shared with Kurdistan24.
Eight banks have so far taken part in the project, including BBAC, Cihan, RT Bank, Bank of Baghdad, Iraqi Islamic Bank, National Bank of Iraq, Trade Bank of Iraq, and the International Development Bank.
MyAccount project is the KRG's financial inclusion program which aims to "provide public sector beneficiaries with a safe and convenient way to access their salaries." link
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Tishwash: no details yet…….text of the letter
Parliament sends the budget to the Presidency of the Republic for approval/document
Parliament asks the Presidency to approve the budget schedules
Office of the President of the Republic
M/ Parliamentary decision
good greeting ..
We are sending you Parliamentary Resolution No. (64) of 2024, voted on in session No. (27), held on 6/3/2024 of the first legislative term, third legislative year.
Fifth electoral cycle.
with respect
Accompaniments:
Parliamentary Resolution No. (64) dated 6/3/2024 0
- Disc (CD).
Safwan Bashir Al-Jarjari, Secretary General of the House of Representatives
Dhul-Hijjah / 1445 AH
June 12, 2024 AD link
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Tishwash: The Foreign Minister invites the European Union representative to visit Iraq
Foreign Minister Fuad Hussein invited, today, Friday, the High Representative of the European Union for Foreign Affairs and Security Policy, Joseph Borrell, to visit Iraq.
A Foreign Ministry statement stated that “The High Representative of the European Union for Foreign Affairs and Security Policy, Mr. Josep Borrell, stressed in a telephone call with the Deputy Prime Minister and Minister of Foreign Affairs, Mr. Fuad Hussein, the importance of protecting the stability of Iraq, indicating that the European Union considers this part of its foreign policy priorities.” and security of the region.”
According to the statement, Borrell called for "the necessity of maintaining strong relations between the United Nations and its mission on the one hand and the Iraqi government on the other hand."
According to the statement, during the phone call, the two sides discussed "a group of issues related to European-Iraqi relations and the situation in the region."
In the field of bilateral relations, the Minister of Foreign Affairs expressed his "happiness with the development of relations between the two parties and reaching understandings in various fields, cooperation and joint work based on the partnership agreement signed between the two parties more than a decade ago."
The statement added that "the call discussed the serious tensions in the region, and they expressed their support for the Security Council resolution on the ceasefire in Gaza," expressing at the same time their concern about the danger of expanding the scope of the war and its extension to southern Lebanon, noting that "the call also touched on The conference was held last Tuesday in the Hashemite Kingdom of Jordan regarding assistance to the people of Gaza, and they discussed the results of the conference.
The statement concluded that “Hussein invited Josep Borrell to visit Iraq, while Borrell expressed his happiness and agreement to accept the invitation, and agreed to arrange a date for the visit in the last quarter of this year.” "General". link
Mot: .. June 14th, National Flag Day - May It ALWAYS Wave for Freedom!!
Mot: . What the Flag Actually Means! ~~~~~
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