Luigi1

Here's another article related to the above...we are just in the waiting mode... Mnt Goat: Just Waiting On The ER. ARTICLE: We are just waiting for the “giant” leap when the CBI gives them the second rate change. This should bring in much if not all the remaining capital outside the banking system back to the banks that need it desperately for the economy to grow. This second rate change should coincide with the project to delete the zeros.

More related news to the above articles...Good news for the booming Iraq economy... FROM OTHER SOURCES: Oil Prices Are Approaching $100 Per Barrel. ARTICLE: Oil prices rose in early Asian trading, Tuesday, after hopes diminished that negotiations between Israel & Hamas would lead to a ceasefire in Gaza & ease tensions in the Middle East. By 00:32 GMT, Brent crude futures rose 40 cents to $90.78 per barrel. US West Texas Intermediate crude rose 35 cents to $86.78. Brent suffered its first losses in five sessions & West Texas Intermediate fell for the first time in seven sessions against the backdrop of the possibility of a decline in geopolitical risks after a new round of ceasefire discussions between Israel & Hamas took place in Cairo on Monday at the end of an effort that lasted several sessions. The market continues to evaluate the possibility of oil supply disruption. Analysts from ANZ said that the Iranian response to the suspected Israeli attack on its consulate in Syria “may make the oil market vulnerable to the conflict, after it has been largely unaffected since the Hamas attack on Israel.”

FRANK: My hope and prayer is he will talk to you about your new exchange rate because it is time to do so. He has given you every hint... every scenario... every option of why you're about to have a new value to your currency, about why your currency will be more valuable than the American dollar. How do you know that Frankie? This tad amounts to insider trading releasing information like this.

Here's another article related to the above...Iraq viewed as a poor nation no good to do foreign investments & to do business...the good news is Iraq is getting better & must pass more laws protecting the foreign investors... Tlm724 Administrator Bondlady’s Corner: Iraq Economic News and Points to Ponder. ARTICLE: Iraq ranked 93rd globally & ninth in the Arab world in the best countries for investment or doing business for the year 2024, according to CEOWORLD magazine, which issued its report for the year 2024, which classifies & analyzes 199 countries based on their business and investment environments. The magazine considers the ease of doing business & the mobility of investors & skilled employees as strategic factors in this analysis. The ranking was based on 11 different factors, including corruption, freedom (personal, commercial & monetary), labor force, investor protection, infrastructure, taxation, quality of life, red tape & technological readiness. Each category was equally weighted. According to the latest rankings, Spain ranked sixth, followed by Australia, Poland, the Philippines, & the United States, respectively. Malaysia, Thailand, the Czech Republic, France & the United Arab Emirates ranked 11th, 12th, 13th, 14th and 15th, respectively, among the best countries in the world to invest or do business in 2024. Iraq ranked 93rd in the world in the best countries to invest or do business for the current year, as It received 71.77 points for skilled hands in the market and 72.15 points for market potential. Nauru, Kiribati, Palau and Micronesia ranked last in the best countries for investment or doing business in 2024. FROM OTHER SOURCES: The American Ambassador: Al-Sudani’s Visit To Washington Is Very Important. ARTICLE: National Security Advisor Qasim Al-Araji confirmed to the US Ambassador to Baghdad, Alina Romanowski, that the strategic framework agreement between Iraq & the United States is important & comprehensive and does not concern only the security aspect, but rather includes all fields. Al-Araji’s media office stated in a statement received by Mawazine News, that “National Security Advisor Qasim Al-Araji received in his office today, Tuesday, the American ambassador to Baghdad, Alina Romanowski,” noting that “the two sides discussed the latest developments & developments in the political & security situation at the regional & international levels.” And the prospects for cooperation and partnership between Iraq & the United States of America.” He added, “During the meeting, issues & files of common interest were also discussed, including the Al-Hawl camp file & continued cooperation in the field of combating terrorism.” According to the statement, during the meeting, Al-Araji expressed his “optimism about the upcoming visit of PM Muhammad Shia Al-Sudani to Washington,” noting that “the visit will establish a new era of relations between the two countries,” FROM OTHER SOURCES: Iraq’s Financial Revenues Exceed 11 Trillion Dinars Within A Month. ARTICLE: The Ministry of Finance revealed, on Tuesday, that the volume of Iraqi revenues in the federal budget during the month exceeded 11 trillion dinars, confirming that the oil contribution to the budget had decreased to 89%. According to the tables issued by the Ministry of Finance in April for the January accounts for the current fiscal year, which showed that oil is still the main resource for Iraq’s general budget, reaching 89%, which indicates that the rentier economy is the basis of the country’s general budget. The financial tables indicated that the total revenues in January amounted to 11 trillion, 527 billion, 453 million, 587 thousand & 580 dinars, indicating that the total expenditures with advances amounted to one trillion, 252 billion, 731 million & 419 thousand Dinars. According to the financial tables, oil revenues amounted to 10 trillion & 275 billion & 776 million & 460 thousand Dinars, which constitute 89% of the general budget, while non-oil revenues amounted to one trillion & 266 billion & 307 million & 956 thousand Dinars.

Here's some articles of Dinarian & GCR interests... The race towards International payments has begun. The GCR-GESARA end game is nearing. Treat as rumors. Not verified. Your opine. Goldilocks: Comments & Global Economic News. ARTICLE: “Last week the Bank for International Settlements dropped a bombshell of an announcement where it launched Project Agorá, along with seven central banks, which will focus on the tokenisation of wholesale central bank money & commercial bank deposits on programmable platforms.” The race towards International payments has begun. We currently have Global Regulations being tested in Europe & soon to be implemented through MICA. These assets have grown out of the ability to do so because of Protocol 20, whereby, the interfacing of International Digital Networks have been given the green light to expand into Global connections capable of doing trades with Tokenized Assets at the push of a button. The next step is to move towards Cross-Border International Trading. Several countries have began the process of regulating Stablecoins which is a representation of a country’s currency. These regulations will speed up the velocity of money & opportunity for companies to grow at a much faster pace. As each country moves toward manufacturing their own goods & services over time, this will create less bottleneck situations at our shipping ports & more opportunities for jobs within each country for their people. Shipping port volumes have been increasing it the last few years until the pandemic hit & to lower these prices on goods traveling around the world more manufacturing jobs at home is being encouraged & shorter routes between countries are being mapped out. This will decrease inflation & it will increase the Gold Backed Tokenized Assets used on the shipping ports to trade between countries. Inflation tends to devalue a currency & our ability to reduce cost in our shipping industry through more efficient mechanisms will move the pendulum of 80% trade around the world to a much smaller percentage. Our ability to decrease inflation through digitizing our shipping ports & decrease premium prices on their movement will go a long way in adding more value to our currencies globally. FROM OTHER SOURCES: Tokenized Assets and the trading of Gold and Silver are beginning to pick up the pace. We have a shortage in Silver that continues to climb. ARTICLE: The demand for the Metal Markets are beginning to put price pressures on our Gold and Silver products. Can you imagine what this is going to do to our Tokenized Assets such as Stablecoins? FROM OTHER SOURCES: The Bureau of Industry & Security recently provided the “freight forwarders” in the shipping industry guidance on the imports & exports between countries. ARTICLE: The Bureau of Industry & Security is currently getting involved in particular with “Correcting and Clarifying Export Controls Issued on Advanced Computing and Semiconductor Manufacturing Items.” Let’s take a closer look at why freight forwarding guidance is important. It will promote clear guidance on foreign & domestic products being moved across countries near & abroad. One of their more important roles as of late is to help companies tackle foreign currency exchange rates. They will help determine prices as they change due to developing circumstances. This set of guidance represents the final rules that allow implementation of freight forwarders guidance to move forward with these new changes.

Here's another article related to the above...Iraq has a plan to pay off it's international debts... Tlm724 Administrator Bondlady’s Corner: Liquidating Iraq's Foreign Debts. ARTICLE: Following The “Golden Rule”… A Government Advisor Explains How Iraq Can Liquidate Its Foreign Debts. A government advisor explained how Iraq will liquidate & reduce its foreign loans & debts. The financial advisor to the PM, Mazhar Muhammad Saleh, told Al-Furat News Agency, “A positive indicator of the decline in external obligations & foreign loans in the future will be limited when needed to projects that generate income & employ work.” He stated, “Many of the committed and undrawn external debts have been liquidated, which means that Iraq follows the {golden rule} in borrowing, which stipulates that the returns from using external loans spent on productive projects exceed the cost of the loan itself & this is what is called {productive external loans}”. Government spokesman Bassem Al-Awadi announced yesterday that “the government took a series of executive measures & adopted a package of financial decisions that resulted in reducing the external public debt by more than 50%, bringing the debt down from $19.729 billion in late 2022, to $15.976 billion.” In 2023, reaching approximately $8.9 billion in the current year.” He stated, “These financial steps, (which included stopping a number of borrowing operations due to their delay & lack of productivity, organizing & managing debts & auditing them & restructuring some debts & directing them to create strategic projects), aim to prevent the Iraqi economy from mortgaging obligations that may affect, in the future, the political decision.” Or in the path of national development, which coincides with an urban renaissance & infrastructure reconstruction, which opens the way to a promising future & a revitalized economy, in which our current and future generations perform best & obtain the greatest opportunities.

Nothing earth shattering today. I hope you are right & something does happens in the next week or so. Sudani's visit to Washington may just be another RV disappointment. He did give the reasons for his visit...to end US sanctions, negotiate the withdrawal of US forces from Iraq & improve US-Iraq relations.

NORV [aka Kaperoni] We very well see that Iraqi dinar float on the global market at the end of this year or early next year... I think it's very promising... it definitely is very good news. Let's hope we don't have to wait till the beginning of 2025 to see this. The can has been kicked down the road enough. Go RV.

The Gurus use any & all events to pull the rug out from under us then go off & have a big laugh over it.

Sudani's announcement was more or less a motivational prep rally to encourage the People & give them hope. Dinarians were expecting a RV announcement, instead. Nevertheless a good speech.

Here's some articles of Dinarian interests... The economic state of Iraq revealed. Treat as rumors. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: Sudani: Today We Are Moving Towards Economic Construction & Comprehensive Reform. ARTICLE: PM Muhammad Shiaa Al-Sudani confirmed today, Tuesday, that the National Service Government is moving towards economic construction & comprehensive reform. Al-Sudani said, in a statement received by “Al-Iqtisad News”: “April of this year will return to us, and Iraq will regain its health and historical civilizational launch, and will enjoy security & stability, proceeding with development & reconstruction. These are gains that were achieved through a long process of sacrifice, patience & jihad against tyranny. Our people sacrificed precious lives & caravans of martyrs were among the finest men & women.” He added: "The dictatorship fell after it delved into injustice and plunged the country into bloody wars & conflicts, causing isolation & hostility & sowing hatred in the region. Our people reaped death, destitution, backwardness & disease & lost on the path to freedom an elite group of martyrs of the Islamic & national movement, whom we remember in this regard." Especially today, on the anniversary of his ascension as a martyr, Grand Ayatollah Sayyed Muhammad Baqir al-Sadr, whose execution represented a disgrace to the black Baathist regime.” The PM continued: “Our people chose their own fate after the fall of the regime, through persistence and determination, which created a bright picture for their future, resisted terrorism, wrote their permanent constitution & elected their parliamentary representation & national governments. Then the forces of evil returned to appear in the guise of the mythical ISIS & the Iraqis pulled together their ranks once again.” They showed a commitment to the land & life that was rarely matched.” He stated: “The journey of the past twenty-one years has been the best document of the cohesion of Iraqis & the confirmation of common living for all fraternal sects & today, we are moving together, under the National Service Government, towards an advanced stage of economic construction, comprehensive reform, social & civil service, and consolidating Rights and stability are on the rise, expressing a vision developed by our government’s program, in light of the needs of citizens, their aspirations and their wishes for their country.” FROM OTHER SOURCES: Al-Araji: The Prime Minister's Visit To Washington Will Establish A New Era In Relations Between The Two Countries. ARTICLE: National Security Advisor Qasim Al-Araji confirmed that the visit of PM Muhammad Shia Al-Sudani to Washington will establish a new era of relations between the two countries. The National Security Advisory stated in a statement: “Al-Araji met in his office today with the US Ambassador to Baghdad, Alina Romanowski, & the two sides discussed the latest developments in the political & security situation at the regional & international levels & the prospects for cooperation & partnership between Iraq & the USA.” During the meeting, the two sides discussed issues & files of common interest, including the Al-Hawl camp file & continued cooperation in the field of combating terrorism. During the meeting, Al-Araji expressed his optimism about the upcoming visit of PM Muhammad Shiaa Al-Sudani to Washington, noting that the visit will establish a new era in relations between the two countries. He pointed out that the strategic framework agreement between Iraq and the US is important & comprehensive & does not concern only the security aspect, but rather includes all fields, stressing the importance of countries withdrawing their nationals from Al-Hawl camp & drying up the human, financial & media sources of terrorism. For her part, the American Ambassador confirmed that the PM visit to Washington is very important & that the two countries are moving towards the bilateral security agreement & that the committees of the two countries are continuing meetings regarding the international coalition’s mission. FROM OTHER SOURCES: Financial Advisor: Government Measures Put Iraq At The Forefront Of Countries In Foreign Investment. ARTICLE: Today, Tuesday, the financial advisor to the PM, Mazhar Muhammad Salih, revealed government measures that put Iraq at the forefront of countries with foreign investment, while noting that the development path & the Al-Faw port have strengthened the government’s vision in encouraging foreign investments. Saleh said in a statement seen by Mawazine News: “The Iraqi economy is characterized by two basic features that help give it preference in foreign investment. First, cash flows in foreign currency are reflected in the current account of the balance of payments relative to the gross domestic product, which is estimated by international economic & national centers at a surplus estimated at approximately ( Positive 7%) Iraq also ranks 2nd in OPEC oil production and 5th in the world in that production.” He added: “As for the 2nd advantage, there is a wide range of available investment opportunities provided by transportation, digital communications, housing & construction activities & it ends with encouraging partnership between the state & the private sector in the manufacturing industry & various technological fields, the latest of which was the Cabinet’s adoption of the facilitating instructions in its last meeting that encourages the existing partnership between. The state and the private sector, which is based on the principle of mutual win-win & is an attractive signal for foreign direct investment,” pointing out that “the investment law frames the provision of an attractive investment environment for investors, especially the economic surplus trends of the countries of the region * their orientation towards profitable investments in Iraq in the industrial, agricultural & other fields, which... It gives a positive signal to international investment in general to be attracted to Iraq & investigate promising opportunities there.” He stressed that “the Development Road Project, as a development strategy that adopts the idea of development-leading projects, constituted the central call for international companies to participate, starting from the port of Al-Faw & ending with the Turkish border, for economic connection with Europe, which... This means that the state's economic vision is based on encouraging direct foreign investments in development activity in Iraq, whose natural resources are abundant in the ground. FROM OTHER SOURCES: Sudanese Issues Several Directives To Stimulate The Activity Of The Private Banking Sector. ARTICLE: A government source revealed, today, Tuesday, that PM Muhammad Shiaa Al-Sudani issued a set of measures & steps to revitalize the private banking sector, while directing a study of the possibility of strengthening the needs of private bank branches abroad in foreign currency. The source told the official agency, followed by Mawazine News: “As part of the Iraqi government’s efforts to formulate a strategy that stimulates the activity of the private banking sector during the next stage, allowing it to engage more in efforts to diversify the economy & strengthen its foundations, PM Muhammad Shiaa Al-Sudani directed the adoption of a set of measures and steps.” In this regard, including: - 1 - The Ministerial Council for the Economy studies the proposal to increase deposits of government institutions & the central government with private banks, enabling them to provide more banking operations & contribute to the development of various vital sectors & increase their ability to provide various financing services inside & outside Iraq. 2- The support of the Iraqi government & CBI to private Iraqi banks through foreign institutions & banks, taking into account the credit rating of each bank. 3- Studying the possibility of strengthening the needs of private bank branches abroad in foreign currency for the purposes of financing foreign trade - the private sector & in accordance with the applicable contexts. 4- The Board of Directors of the Central Bank of Iraq determines the contribution of foreign capital to Iraqi banks & evaluates the reality of the situation in a way that benefits the Iraqi economy & in accordance with what is stated in Banking Law No. 94 of 2004. 5- Participation of representatives of the private banking sector when discussing relevant issues in all state institutions. Including meetings of the Board of Directors of the CBI. 6- Studying the reactivation of the financing initiative presented by the CBI & in accordance with the contexts proposed by the Central Bank in this regard. 7- The Competition Affairs and Monopoly Prevention Council shall take the necessary measures under Law No. 14 of 2010 to prevent monopoly in banking services, provided that the Council shall submit reports to the CBI & in coordination with it periodically & in accordance with the aforementioned law.

Here's a little humor while we wait & wait...now wait a minute here...last week MZ claimed we will go directly to banks to do our exchanges...there are no redemption centers...which is it...it cant be both... Some highlights by PDK-Not verbatim: THREAD: Member: Evening Mark & the gang! Member: good Tuesday Evening…hope everyone had a good day. Member: I know something that would have made it a really good day…lol….Whats new MarkZ? MZ: Been quiet on the RV front…quiet from Banks, bonds, Iraq & redemption centers. MZ: I do have one Iraqi contact that is convinced we are in a day or two. I think he may be premature…but he is convinced it is this week. He does work in the Iraqi government so he may know more than I do. I am hoping he does. MZ : But I am keeping an eye on it. MZ: Bond folks are still looking between the 15th-22nd of April. MZ: There is some interesting news from Zimbabwe.”Zimbabwe’s new ZIG currency strengthens on the 2nd day of trading. “ It gained .2% overnight . It is gaining strength….& it should being gold/asset backed. MZ: “The US dollar is doomed-Americans praise Zimbabwe for launching new gold backed currency” This is from an African publication…..& they are talking about Americans on social media. But yes- the US dollar is doomed without changes. And many economists believe this too. MZ: “ Oil Market to get extremely tight in 2nd quarter Citadel says” They are looking for oil to go to $100 dollars a barrel. Now why is this a good thing ? Iraq. …It is good for the revaluation of the dinar. But we will all feel pain at the gas pump if they do not cross the finish line. Member: How much more can kicking will it take before they release this thing? Member: Charlie Ward has always said a Thursday, so cross those fingers for the 11th. Member: Gotta remember everyone, we’re watching one Hell of a movie! Wish it was over with. I’m tired of this popcorn. Member: Lord, we are so weary, strengthen our resolve to help make this the world you wanted for us! Lift us up & bless your faithful to go out & be beautiful examples of unconditional LOVE! We are ready!!

Makes us all wonder why Kaperoni is still hanging on to his Dinars & is still waiting like the rest of us. Go RV.

NORV [aka Kaperoni] We very well see that Iraqi dinar float on the global market at the end of this year or early next year... I think it's very promising... it definitely is very good news. Let's hope we don't have to wait till the beginning of 2025 to see this. The can has been kicked down the road enough. Go RV.

Here are numerous articles of Dinarian interests... Gulf States Invest $Billions in Iraq to counter Iran influences. Treat as rumors. Not verified. Your opine. Bondlady’s Corner: Is The Economic Feasibility? An American Website Monitors The Flow Of Billions Of Gulf Dollars Towards Iraq. ARTICLE: Highlighted the trend of Gulf funds towards investing in various Iraqi sectors during the past two years, indicating that this trend raises many questions about its economic feasibility. The website mentioned in a report seen by Shafaq News Agency: Gulf capital has been going to Iraq at an accelerated pace over the past two years, which reflects the attractiveness of Baghdad as a new investment destination for the Gulf Cooperation Council countries. After decades in which Iraq suffered from the scourge of wars & internal violence, Saudi Arabia, Qatar & the UAE entered forcefully through massive economic investments in a country where Iran was able to gain a foothold after the fall of Saddam Hussein’s regime in 2003. Last Friday, the Iraqi Ministry of Planning announced the signing of 12 memorandums of understanding with Saudi Arabia for “specific investment projects,” according to a statement received by Shafaq News Agency. The ministry said that the signed memorandums of understanding “came with the aim of enhancing cooperation in a number of qualitative investment projects in Iraq.” Financial & Political Returns. But this great Gulf demand for Iraq opens the door to questions about the economic feasibility of these huge investments in a country that has suffered from political and security instability over the past years. Analysts who spoke to the Al-Hurra channel website believe that Iraq has promising investment opportunities that enable the GCC countries to achieve financial and political returns from these projects that flowed in various fields. Middle East Policy Research Fellow at the International Institute for Strategic Studies, Hassan Al-Hassan, told Al-Hurra website that. “Gulf countries often use investments as a tool to achieve financial & political returns at the same time.” He added, “Through their increasing investments in the energy and real estate sectors in Iraq, the Gulf states are seeking to benefit economically from the developing Iraqi market & expand their influence in Baghdad to compete with Iranian influence.” The Iraqi government is looking forward to attracting more investments from countries in the region with the aim of treating the country’s economy, which has been damaged by decades of wars and unrest, according to Reuters. In this context, Ihsan Al-Shammari, professor of public policy at the University of Baghdad, said that “Iraq is a fertile land for foreign investment,” especially in light of a significant decline in the investment sector, which was affected by several factors, including security unrest, internal violence & the war against ISIS, according to the report. His expression. Billion investments: In 2022, the Saudi Arabia sovereign wealth fund announced the establishment of a new company with a capital of $3 billion to invest in Iraq, which is part of a Saudi program to invest in 5 Arab countries. These investments cover various fields, including infrastructure, mining, agriculture, real estate development & financial services. The UAE, which recently strengthened its investments in Iraq, said that it is “keen” to strengthen its strategic partnerships with Baghdad “in all fields.” Thani Al-Zeyoudi, who holds the position of Minister of State for Foreign Trade in the Emirates, said: “There is a mutual keenness to develop economic relations in a way that serves common interests & provides more opportunities for the business communities & the private sector in both the Emirates & Iraq, which was reflected positively in the trade data.” Non-oil infrastructure & mutual investment flows,” the official Emirates News Agency (WAM) reported. In 2021, Abu Dhabi announced the pumping of investments worth $3 billion into Iraq as part of “a new effort to strengthen economic & investment relations between the two brotherly countries,” according to a joint statement issued by the two countries. For its part, Qatari funds flowed into Iraq after a visit by the Emir of the country, Sheikh Tamim bin Hamad Al Thani, to Baghdad in June 2023. Hours after that trip, 3 Qatari companies and the Iraqi National Investment Authority agreed to develop projects worth $9.5 billion in Iraq, including building two electricity generating plants with a total capacity of 2,400 megawatts, according to Reuters. In July 2023, Qatar entered into a huge deal launched by Iraq with Total Energy Company, worth $10 billion, in a project aimed at generating electricity from solar energy & gas burned in oil fields. Visiting fellow at the European Council on Foreign Relations, Hamza Haddad, who follows Gulf investments in Baghdad, believes that there is “political acceptance” on both sides to pump this money. Haddad told Al-Hurra website that the Gulf countries, for their part, finally accepted the idea of the Iraqi Shiite political system that was formed after 2003, adding that “the Sunnis and Kurds (inside the country) also accepted that and are dealing with it.” He explained that these factors contributed to achieving internal security stability in Iraq, which reflected on it as an attractive destination for Gulf investments, especially since the country has a large population. Competition with Iran: Iraq suffers from dilapidated basic infrastructure and rampant corruption throughout the country, which has a population of 43 million people, a large segment of whom live below the poverty line. Iraq is ranked 154th among 180 countries suffering from corruption in the world during the year 2023, after advancing 6 places compared to 2022, according to a report issued annually by Transparency International. According to the United Nations, a third of Iraqis live below the poverty line despite their country’s large oil resources, which have membership in the Organization of the Petroleum Exporting Countries (OPEC). In this regard, the Saudi writer and political analyst, Saad Al-Hamid, said, “The influx of Gulf capital into Iraq came after suffering from the interference of neighboring countries inside Iraq, which affected the economic & development situation there.” He continued his speech to the Al-Hurra website that “any economic success must come through a stable political situation,” noting that “in light of the relative stability in Iraq now, there are many qualitative opportunities that benefit from Saudi Arabia & the Gulf Cooperation Council countries.” Goldilocks: Comments & Global Economics. ARTICLE: “Credit valuation adjustment is a change to the market value of derivative instruments to account for counter party credit risk. It represents the discount to the standard derivative value that a buyer would offer after taking into account the possibility of a counter party’s default.” With so many companies & countries going into bankruptcy these days, I have to look at credit valuation adjustments in order to make some of my trades. Foreign currency is a part of the Derivatives Market. I will know when these actual changes take place. Risk. Goldilocks: “This bank, on behalf of the Ministry of Finance, will offer bonds under the name ( Injaz Bonds ) to the public starting from 4/15/2024 until 5 / 15 / 2024” ARTICLE: Public bonds help to build the infrastructure of a country’s businesses, and they go a long way in supporting a country’s currency. Getting public involvement in increasing the value of their own currency will help Iraq maintain a sustainable economy going forward. Public bonds like these help to establish & secure a country’s Sovereignty. This is a part of the process of Iraq reclassifying their currency. Not long ago the CBI revealed to us that it would begin March 31st, 2024. They said it would be a gradual change. I copied the article for your review again on this matter. “Based on the of the Board of Directors of this Bank number (191) of 2003 it was decided to give the mediation companies buying & selling foreign currencies under category (C) a period of time to merge to be classified as (A) or (b) until 3-31-24.” Goldilocks: “The HKMA has been researching CBDCs since 2017 to understand their benefits & potential applications. As part of the “Fintech 2025” strategy announced in 2021, the HKMA has placed increased emphasis on strengthening its research work to increase Hong Kong’s readiness in issuing CBDCs at both wholesale & retail levels.” ARTICLE: Hong Kong is currently exploring industry standards for their digital money. They are currently on Phase 2 of HKMA’s e-HKD testing initiative. Currently, Hong Kong is in process of developing standards on their ability to exchange information through smart contract designs. A smart contract ensures money is available on both sides of a trade. These new mechanisms & protocols include sensitive & private information that needs to be protected on the retail side of a transaction.

Good find. US forces in Iraq is another topic of discussion at the Washington talks. The other is the release of all US sanctions & full sovereignty. Go RV.

Clare Article: "The Central Bank is preparing a report to lift the ban on 28 Iraqi banks" This was one of the main topics Sudani was to bring up at the Washington talks next week. Maybe, just maybe, all the other issues are already worked out & the Washington trip is just a formality. Can anyone taste & smell the RV? That is IF OBiden don't blow this opportunity.

I think Biden knows it is the end of his administration, and he is doing everything he can to spend money on whatever he can, while he still can. He is just throwing money out the window, on every pet project he can think of. Very sad! OBiden is trying to buy votes with free for all give aways. Nothing is free...the taxpayers are on the hook for his reckless borrowing & spending.

Here's some articles of Dinarian interests... How Iraq solved it's surplus currency issue. Iraqi banks now selling bonds. Treat as rumors. Not verified. Your opine. Tlm724 Administrator Bondlady’s Corner: The Beginning Of “Drying Up” Liquidity From The Hands Of The Iraqis. The Destruction Of “Surplus” Currency & Deposits In Banks Are The Highest Historically. ARTICLE: Over the past years, all of the economic problems in Iraq internally, whether with regard to corruption, the Dollar, the rise in real estate prices, etc., as well as inflation,have been directly linked to the high volume of liquidity & the printing of money by the CBI, as well as the high volume of cash in the hands of the street, citizens or… Capital owners, away from Iraqi banks. Recently, trends & numbers indicate that a reverse process has begun to take place in Iraq, which consists of reducing cash & getting rid of “surplus printed money” without printing new money in front of it & increasing banks’ possession of this liquidity instead of leaving it in the hands of the street & citizens, where it can be said that the government & the banking sector & finance in general in Iraq began to “nibble” the existing liquidity & “dry it out” from the hands of the people. In a special review conducted by Al-Sumaria News, it becomes clear that the currency printed or issued in Iraq until February 2024 is the lowest in 8 months, that is, since May 2023, as the currency printed in Iraq reached 99.2 trillion Dinars & the highest historical level reached by the printed currency was recorded. In November 2023, it amounted to 102.6 trillion Dinars. This approach represents getting rid of the currency & not only stopping its printing, but also “destroying it.” This matter does not seem “absurd,” but rather it is an approach committed by Iraq to reform liquidity management & with recommendations from the IMF, which, in its statement last February, praised “ Efforts made by the CBI aimed at getting rid of excess liquidity! While the currency printed until February 2024 is the lowest in 8 months, there is a “historical” record corresponding to it, as the data reviewed by Al-Sumaria News show that until January 2024, the currency in banks amounted to 9.1 trillion Dinars & this number is the highest ever in history. Banks after they ranged between 6, 7 & 8 trillion over the past months & years. The expected effects of this trend are not known, but specialists believe that the data will continue in one direction, which is to reduce printed cash & liquidity, & the banks’ attempt to hold on to liquidity & not leave it in the hands of citizens & all of these indicators will ultimately lead to reducing inflation in general & reducing the “enormous” purchasing power among groups. Great job Iraqi. FROM OTHER SOURCES: Offering Completion Bonds. ARTICLE: April 08, 2024 Offering completion bonds ♦️ This bank, on behalf of the Ministry of Finance, will offer bonds under the name (Injaz Bonds) to the public starting from 4/15/2024 until 5/15/2024.. All commercial banks M/ Offering bonds (Enjaz). Based on the letter of the Ministry of Finance No. 196 dated 5/74/7410, which included the start of issuing national bonds. To the public. This bank, on behalf of the Ministry itself, will offer bonds under the name (Injaz Bonds) to the public starting from Date 4/14/1010 until 01/74/5 15. Because the success of the bond selling process depends primarily on your bank. This bank invites you to receive the public & provide everything that will facilitate this process. It will not be promoted and delivered. Bonds are issued to the public only through banks. In order to facilitate the procedures for these bonds, we have agreed to provide you with a mechanism for this. As we would like.

Pimpy You guys are still saying the LOP and the deletion of the zeros are two separate things. It's the same damn thing...LOP, the deletion or the zeros, the removing of the zeros, the reducing of the zeros are the same thing. It's called a re-denomination... When a country re-denominates the old currency is no longer any good... Pimpy, Pimpy, Pimpy... Removing the zeros comes off of the ER, not off the currency face value. I It is not the same damn thing. IMHO.

A LOP usually comes with out of control inflation. Iraq does not have out of control inflation. A LOP serves no good...doesn't increase purchasing power nor revives the economy. IMHO. Turkey had two LOPS in a decade. That was due to inflation running at over 100% per month in the 70s & 80s. I was stationed in service in Turkey at the time & they were changing the prices of everything by the day.

Agree with the Goat. As soon as we see the HCL, we will see the RV.

Absolutely correct. NWO is not in favor of our blessing soon to come. Again...out with the old & in with the new. Go RV.

This is all good news. This will rush up the great economic crash that is coming. This will bring in the new & out with the old. IMHO.

Here's some articles of Dinarian interests... OBiden Announces another round of student loan forgiveness. OBiden Announces basic universal basic income for all illegals while ignoring the plight of Americans. The economy is in shambles & more debts are being piled on to the taxpayers. OBiden is spending our taxes & piling on debts like a drunken sailor. Top economists & bankers are sounding the alarm. First, the good news, then, the bad news. Treat as rumors. Not verified. Your opine. FROM OTHER SOURCES: Monetary Revolution: The Fed Considers Ditching Fiat Currency For Gold. ARTICLE: Is the U.S. on the Verge of Adopting a Beneficial Financial System Reset? An unbelievable financial report was recently released outlining mathematically modeled scenarios for moving from Fiat to Gold financial systems. I couldn’t believe my eyes when I read this Philadelphia Federal Reserve Bank’s February 2024 analysis and Working Paper. The Fed, a principal overlord of modern fiat debt currency finance, is seriously contemplating a move that seems straight out of history books: bringing back a gold-backed currency for the United States and the global financial system. Why This Matters Now: You might wonder, why consider this now? The Fed’s analysis shines a light on three big reasons: Long-term Price Stability: Gold ties the hands of those who print money, ensuring that over time, prices don’t wildly fluctuate. Think of it as a financial thermostat that keeps the economy at a comfortable temperature. Money That Means Something: Right now, if the economy starts to falter, the government can just decide to print more money. Under a gold standard, this wouldn’t be as easy. Money would have real value tied to something physical& as a result, its impact on the economy would be more predictable and steady. Protection from Economic Storms: The world economy is a complex web of trade and investment. The Fed believes that linking money to gold could act as a buffer against sudden shocks from abroad that can send our economy into a tailspin. FROM OTHER SOURCES: America’s Biggest bank Sounds The Alarm Bell. ARTICLE: Jamie Dimon, the CEO of JP Morgan Chase, did not open his annual shareholder letter with rosy language about the state of the world, or even enthusiasm about his bank’s record profits. Instead, he describes “yet another year of significant challenges” including the war in Ukraine, war in the Middle East, extreme tensions with China, higher food and energy prices, turmoil in the banking sector, outrageous government deficits & even major risks with the Federal Reserve’s monetary policy. Dimon writes that “America’s global leadership role is being challenged outside by other nations & inside by our polarized electorate,” and that this is a “time of great crises”. He went on with a few charts & thoughts about the bank’s business & financial performance over the last year… & then dedicated most of the remaining 57 pages of his letter to the serious problems which face the world. His observations are wide-reaching– from the decay of social cohesion to the prospect of war & higher inflation, to the serious potential for a reset of the Bretton Woods system (which made the US dollar the world’s reserve currency). Frankly the letter almost reads as a manifesto written by someone who is completely fed up with government incompetence & positioning himself to run for office. I can’t agree with everything he says, but it’s obvious that his ideas are balanced & well thought out. There are a few points in particular worth repeating. 1. Keep it in perspective; the world is not coming to an end “If you read the newspaper from virtually any day of any year since World War II,” Dimon writes, “there is abundant coverage on wars — hot & cold — inflation, recession, polarized politics, terrorist attacks, migration and starvation. As appalling as these events have been, the world was generally on a path to becoming stronger and safer.” This is absolutely a true statement. It’s easy to get caught up in the negativity while missing the abundance of growth &opportunity. In the year 1918, most people probably thought that the world was coming to an end. The Great War was at its peak, economies were faltering, inflation was surging, rationing & shortages were everywhere… & then the Spanish flu popped up and killed tens of millions of people. Bleak times indeed. And yet the next century was the most prosperous in human history… despite a very bumpy path along the way. This is similar to where we are today. Yes, Inspired Idiots have caused a gigantic mess. But the general trajectory of the human species is still improving. 2. That said, long-term risks should not be underestimated. Especially for the West. Dimon finds that there is “too much emphasis on short-term, monthly data and too little on long-term trends” & he talks about inflation as a great example. Economists & investors tend to be almost singularly focused on monthly inflation reports in an effort to divine if & when the Federal Reserve will cut interest rates. 2. That said, long-term risks should not be underestimated. Especially for the West. Dimon finds that there is “too much emphasis on short-term, monthly data and too little on long-term trends”, and he talks about inflation as a great example. Economists and investors tend to be almost singularly focused on monthly inflation reports in an effort to divine if and when the Federal Reserve will cut interest rates. The inflation might not show up next month or next quarter, but he believes (as do we) that the coming years are full of “persistent inflationary pressures”. 3. These problems are still solvable. We’ve written extensively that the problems facing the US & the West are still solvable. For now. But every year that the problems continue to be ignored brings the country closer to a point of no return… where there is no way out but default. Dimon is not shy about offering up suggestions, many of which we have written about in the past. He talks about border security, streamlining sensible regulations, & economic policies which prioritize growth. “Unfortunately,” Dimon writes, “the message America hears is that the federal government does not value business — that business is the problem & not part of the solution.” “There are fewer individuals in government who have any significant experience in starting or running a company, which is apparent every day in the political rhetoric that demonizes businesses & free enterprise and that damages confidence in America’s institutions.” He says he finds it “astounding that many in Congress know what to do & want to do it but are simply unable to pass legislation because of partisan politics”.