Dinar Recaps Blog Page — Dinar Recaps (2024)

Iraq Economic News and Points To Ponder Thursday AM 6-13-24

Iraqis Are Resorting To “Gold Bullion” Instead Of Money, And The Banking System Is Dying

Economy | Yesterday, 11:18 |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.

https://baghdadtoday.news/251372-العراقيون-يلوذون-بـسبائك-الذهب-بدل-الأموال-والنظام-المصرفي-يحتضر.html

Iraq Raises Its Gold Possessions To More Than 145 Tons

Economy Possession of gold 2024-06-Shafaq News/ The World Gold Council announced on Thursday that Iraq has increased its gold holdings to reach more than 145 tons of global gold reserves.

According to the latest table issued by the Council for the month of June, viewed by Shafaq News Agency, the volume of Iraq’s gold possessions reached 145.7 tons, compared to 142.6 tons during the month of May.

The Council explained that Iraq dropped in rank to reach 31st place globally out of 100 countries listed in the table with the largest gold reserves, and

this amount represents 9.8% of the rest of its other reserves.

The Council indicated that the United States of America has the largest possession of gold in the world with 8,133.5 thousand tons, followed by Germany with 3,352.9 thousand tons, then Italy with 2,451.8 thousand tons, while Suriname came at the bottom of the list with 1.2 thousand tons.

It is noteworthy that the World Gold Council is based in the United Kingdom, and includes members of the largest gold mining companies in the world, and has extensive experience and deep knowledge of the factors affecting the gold market.

https://shafaq.com/ar/اقتصـاد/العراق-يرفع-حيازته-من-الذهب-ل-كثر-من-145-طنا

An Economic Expert Rules Out The Possibility Of Establishing A Sovereign Fund In Iraq... And Enumerates The Reasons

Time: 06/12/2024 15:24:35 Read: 1,638 times {Economic: Al-Furat News} An economic expert ruled out the possibility of establishing a sovereign fund in Iraq.

Salah Nouri, the former director of the Financial Supervision Bureau, told Al-Furat News Agency, “Sovereign funds are established to achieve mostly strategic development goals.”

He stated that "most of the sources of financing for sovereign funds for countries that possess natural resources are from the surpluses of these sources (oil and gas) or foreign exchange surpluses." He pointed out that

"the management of sovereign funds is independent and highly experienced in successful investment and developing fund returns." Nouri continued,

“From the above, I think Iraq is not prepared, as there are no surpluses from natural resources (oil and gas) for these funds.

Rather, revenues from the sale of oil are depleted in the general budget in addition to resorting to borrowing (external and internal).

On the contrary, Iraq is likely facing a financial sustainability deficit.” Borrowing results and benefits.

https://alforatnews.iq/news/خبير-اقتصادي-يستبعد-إمكانية-انشاء-صندوق-سيادي-في-العراق-ويعدد-الأسباب

An Economic Expert "Indicates" A Record Increase In The Volume Of Electronic Payments (POS)

Economy | Yesterday, 17:55 |Baghdad today – Baghdad Today, Wednesday (June 12, 2024), economic expert Manar Al-Obaidi indicated a record increase in the volume of electronic payments (POS) for the month of April 2024.

Al-Obaidi said in an explanation on his Facebook platform, followed by “Baghdad Today”, that

“electronic payments with local cards have reached a record level, the first to be recorded in Iraq, with the value of payments reaching 1.5 trillion Iraqi dinars, an increase of 77% annually. Monthly rate of 10%. He added,

https://baghdadtoday.news/uploads/posts/2024-06/1718202977_2.jpg

"Thus, the value of electronic payments for the four months of the year amounted to 5 trillion Iraqi dinars, while the total electronic payments for the year 2023 were approximately 9.6 trillion Iraqi dinars, and the total electronic payments for the year 2022 were 8.2 trillion Iraqi dinars," pointing out that

"it is expected to exceed Electronic payments this year exceed 30 trillion Iraqi dinars.” Al-Obaidi stressed,

“This increase is due to the policies that were taken, especially in the field of government transactions, which imposed exclusively electronic payment, and the increase in societal culture.”

https://baghdadtoday.news/251403-خبير-اقتصادي-يؤشر-ارتفاعا-قياسيا-بحجم-المدفوعات-الالكترونية-(pos).html

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

Provoking Thoughts and Points To Ponder On Adversity:

Necessity is often the spur to genius. -Honore de Balzac

Necessity is the mother of "taking chances." -Mark Twain

Necessity makes even the timid brave. -Sallust

People wish to be settled; only as far as they are unsettled is there any hope for them. -Ralph Waldo Emerson

Difficulties are meant to rouse, not discourage. The human spirit is to grow strong by conflict. -William Ellery Channing

Adversity causes some men to break, others to break records. -William A. Ward

I think there is this about the great troubles - they teach us the art of cheerfulness; whereas the small ones cultivate the industry of discontent. -Mary Adams

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

http://famousquotesandauthors.com/quotes_by_topic.html

100 Top Money Tips From Tony Robbins That Are Always Relevant

June 11, 2024 by Virginia Anderson Edited by Chris Cluff

Entrepreneur and investor Tony Robbins is known for dishing out straightforward and actionable financial advice. Here are some of his most notable tips to reach your saving, investing and budgeting goals.

Focus on Your Money Goals

Robbins strongly believes in using the law of attraction to get what you want in all areas of life — including your finances. He says you can attract success over time by manifesting a positive attitude and mastering your money goals.

Surround Yourself With Successful People

Do you know a few people who have achieved financial success? Maybe they own their own business or plan to retire early. Talk to them and find out how they realized their goals. They can inspire you to reach your own.

Delay Rewards Until You Meet Your Goals

To truly realize financial success, you may need to make some sacrifices with the hope of better rewards in the future. Exercising willpower to forgo things you don’t need today is a skill you can develop. Use it to master your financial self-control.

Learn How To Read Basic Financial Statements

You don’t have to be an accountant or financial adviser to accumulate wealth. However, learning the basics of financial statements can help you if you decide to invest in stocks. You can use financial statements to evaluate a company’s performance and determine whether it meets your investment criteria.

Understand Common Financial Terminology

Many terms used in personal finance and investing may be unfamiliar to you. Examples include high-frequency trading, dollar-cost averaging and exchange-traded funds. Learn what they mean and how they apply to your investment strategy. Knowing the terms will allow you to understand investment news and decipher earnings reports.

6. Determine Your Risk Tolerance

Investment strategies typically fall into three categories: aggressive, moderate and conservative risk tolerance. Aggressive strategies are highly volatile, with lots of ups and downs. Conservative strategies aim for consistent, average returns. Your risk tolerance should align with your financial goals.

Set Financial Goals

Anyone who wants to achieve financial freedom needs a plan. Your financial goals form the basis of your plan. Determine what you want to achieve over the short and long term. Example goals include establishing a budget, paying off debt and creating an emergency fund.

Try SMART Goals

The SMART acronym stands for specific, measurable, achievable, relevant and time-bound. Robbins advises using SMART to set smaller milestones for your long-term goals. For instance, if you want to set up an emergency fund, you could set SMART monthly milestones to meet along the way.

Be Obsessed With Not Losing Money

Robbins notes that wealthy people hate losing money because it takes significant effort to rebuild wealth once it’s lost. Apply this rule to all your financial decisions, including your monthly budget, investments and savings goals.

Become a Learning Machine

In your quest to achieve financial success, focus on personal growth. Always be learning. Read personal finance books, listen to podcasts and read investment-related articles. As you feed your mind, you’ll open yourself up to new opportunities you didn’t know existed.

Don’t Underestimate the Power of Giving Back

To Read More: https://www.gobankingrates.com/money/financial-planning/top-money-tips-from-tony-robbins/

TNT:

CandyKisses: Kurdistan Region announces the holiday of Eid

Shafaq News / The Kurdistan Regional Government announced, on Wednesday, the suspension of official working hours, in all governorates of the region, for a week, on the occasion of Eid al-Adha.

“Official working hours in the Kurdistan Region will be suspended from next Sunday, which marks the first day of Eid al-Adha, and until Sunday next week,” government spokesman Pishua Huramani said at a press conference, attended by Shafaq News.

Tishwash: The acting Iranian Foreign Minister arrives in Baghdad

Acting Iranian Foreign Minister Ali Bagheri arrived Thursday morning in the capital, Baghdad, at the head of a delegation on a two-day visit, to hold talks with senior Iraqi officials.

In light of the strategic relations between Iran and Iraq, the visit will focus on expanding relations between the two countries in all fields.

Bagheri's talks in Iraq will address the common interests between the two brotherly peoples, confronting security challenges and threats, as well as the security of the region, and consultation on regional and international issues.

The visit comes while the late Iranian President Ayatollah Ebrahim Raisi was scheduled to pay a three-day visit to Iraq on May 28. link

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Tishwash: Iraq raises its gold possessions to more than 145 tons

The World Gold Council announced on Thursday that Iraq has increased its gold holdings to reach more than 145 tons of global gold reserves.

According to the latest table issued by the Council for the month of June, viewed by Shafaq News Agency, the volume of Iraq’s gold possessions reached 145.7 tons, compared to 142.6 tons during the month of May.

The Council explained that Iraq dropped in rank to reach 31st place globally out of 100 countries listed in the table with the largest gold reserves, and this amount represents 9.8% of the rest of its other reserves.

The Council indicated that the United States of America has the largest possession of gold in the world with 8,133.5 thousand tons, followed by Germany with 3,352.9 thousand tons, then Italy with 2,451.8 thousand tons, while Suriname came at the bottom of the list with 1.2 thousand tons.

It is noteworthy that the World Gold Council is based in the United Kingdom, and includes members of the largest gold mining companies in the world, and has extensive experience and deep knowledge of the factors affecting the gold market. link

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Tishwash: Iraq seeks to attract foreign investment by amending its laws

The Iraqi Parliamentary Investment Committee aims to amend some investment laws during the next legislative term, with the aim of attracting foreign investments and capital.

According to committee member, Dhia al-Hindi, representatives of the World Bank Group working in investment and private projects were hosted to discuss some paragraphs of laws on investment, which are considered in opposition to sustainable development in Iraq, including the investment law and the company law.

Al-Hindi explained that representatives of the World Bank cited the experiences of the Kingdom of Saudi Arabia and the United Arab Emirates, where the foreign investor in those countries has the right to own and manage the company by 100%, while his share in Iraq is limited to only 49%.

Al-Hindi called for amending some paragraphs of the law to create an attractive environment for investors and capital, noting that amending laws is within the jurisdiction of Parliament, while the laws governing the economic process remain “socialist.”

Al-Hindi stressed that the committee is continuing to amend the commercial arbitration and investment laws, and approve the industrial investment and mineral investment law.

Al-Hindi stated that the committee will address the government regarding amending some paragraphs of the investment law to be subjected to study in the State Shura Council, and then sent to Parliament.

These efforts come within the framework of Iraq's efforts to strengthen its economy and attract foreign investments, especially in light of the economic crises it is experiencing.

It is expected that the amendments to the laws will contribute to improving the investment environment in Iraq and attract more foreign investments and capital, which will contribute to the development of the Iraqi economy and create new job opportunities link

IQD Update-Iraqi Dinar-2024 Budget Gazzette-Dollar Decline-WTO Working Group July 18th on Accession-

MilitiaMan and Crew: 6-13-2024

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

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

https://www.youtube.com/watch?v=U6780415nbI

Iraq Economic News and Points To Ponder Wednesday Afternoon 6-12-24

The Dollar Continues To Rise In Local Markets

Economy | 10:27 - 12/06/2024 Baghdad - Mawazine News The exchange rates of the dollar against the dinar continued to rise today, Wednesday, on the main stock exchange in the capital, Baghdad.

The price of the dollar on the Al-Kifah and Al-Harithiya stock exchanges recorded 147,250 dinars for every 100 dollars.

While prices in banking shops in local markets in Baghdad also recorded an increase, as the selling price reached 148,250 dinars, while the purchasing price reached 146,250 dinars for every 100 dollars.

https://www.mawazin.net/Details.aspx?jimare=249571

Global Oil Prices Record A New High

Economy | 09:14 - 06/12/2024 Oil prices rose on Wednesday, amid optimistic views on global demand from the US Energy Information Administration and OPEC, supported by industrial data that showed US crude oil inventories falling more than expected last week.

By 0400 GMT, Brent crude futures rose 37 cents, or 0.45 percent, to $82.29 per barrel, while US West Texas Intermediate crude futures rose 46 cents, or 0.6 percent, to $78.36.

The Energy Information Administration raised its forecast for global oil demand growth in 2024 to 1.10 million barrels per day from a previous estimate of 900,000 barrels per day, while the Organization of the Petroleum Exporting Countries (OPEC) maintained its 2024 forecast for relatively strong growth in global oil demand, citing With expectations. For travel and tourism in the second half.

Prices fell more than 2 percent last week after OPEC and its allies said they would phase out production cuts starting in October.

Meanwhile, US crude oil inventories fell by 2.428 million barrels in the week ending June 7, according to market sources citing American Petroleum Institute figures. The decline was larger than expected by analysts polled by Reuters.

The data from the Energy Information Administration, the statistical arm of the US government, is scheduled to be released at 10:30 a.m. EST (1430 GMT) on Wednesday.

Investors are also looking forward to the US CPI report, which will be released before the bell on Wednesday, and the US central bank's policy announcement, scheduled for later the same day. https://www.mawazin.net/Details.aspx?jimare=249564

Iraq Signs An Agreement With "IFC" To Develop The Stock Market

Money and business Economy News – Baghdad On Wednesday, the Securities Commission announced the signing of an agreement with the International Finance Corporation to develop the securities market, indicating that this agreement will bring investments and achieve sustainable development.

The head of the authority, Faisal Al-Haims, said in a statement reported by the official news agency, and seen by Al-Iqtisad News, that “the authority signed an agreement to develop the work of the Iraq Stock Exchange after discussions with the International Finance Corporation IFC,” indicating that “the agreement is advisory related to corporate governance and best practices.” Required by companies listed on the Iraq Stock Exchange.

He added, "This contract will be reflected on the Iraqi stock market at the international level, bringing investments and achieving sustainable development according to the plan of Prime Minister Muhammad Shiaa Al-Sudani."

He pointed out that "the project is the first cooperation between the Securities Commission and the International Finance Corporation," stressing that "there are other projects with them in the future."

For her part, Amira Ajaj, responsible for corporate governance and environmental and social standards programs in the Middle East region of the International Finance Corporation, affiliated with the World Bank, expressed her “pleasure with the signing of the agreement in a way that guarantees the authority the use of international expertise from the International Finance Corporation (IFC), affiliated with the World Bank.”

She continued, "The agreement will establish regulatory frameworks for practicing governance for environmental and social standards, which will reflect positively on the listed companies in terms of improved performance and sustainability, and will put Iraq on the path to further development and progress." Views 46 06/12/2024 - https://economy-news.net/content.php?id=44261

Iraq Confirms To The United Nations Fund The Success Of The Experimental Population Census Activities

Money and business Economy News – Baghdad Deputy Prime Minister and Minister of Planning, Muhammad Ali Tamim, announced today, Wednesday, the success of the pilot census activities in Iraq, while the United Nations Population Fund confirmed its full readiness to provide all types of support to ensure the success of the general population census.

A statement from the Ministry of Planning, received by Al-Iqtisad News, stated that “Deputy Prime Minister - Minister of Planning Muhammad Ali Tamim received the Regional Director of the United Nations Population Fund, Laila Bakri, and her accompanying delegation, which included the Fund’s resident representative in Iraq, Nestor Ohanji, and a number of... Specialists and experts.”

He pointed out, "During the meeting, prospects for joint cooperation between the two sides were discussed, especially with regard to population issues, confronting climate change, and economic diversification."

The statement added, "The Minister reviewed the ongoing preparations and procedures to implement the general population and housing census, which is scheduled to be conducted next November."

The Minister of Planning confirmed, "The success of the pilot census activities, which will end tomorrow, Thursday," praising "the level of support provided by the United Nations Population Fund for the census activities."

For her part, Bakri expressed “the Fund’s readiness to provide all possible types of support to ensure the success of the population census, given the importance of this project in formulating policies and long-term development plans.” 06/12/2024 - https://economy-news.net/content.php?id=44255

Learn About The Central Bank's Sales Of The Dollar

Economy | 02:15 - 06/12/2024 Baghdad - Mawazine News The Central Bank’s sales amounted to more than 280 million dollars today, Wednesday, during the currency auction.

In its auction today, the bank sold 280 million, 112 thousand, and 118 dollars, which it covered at a base exchange rate of 1,310 dinars per dollar for documentary credits and international settlements for electronic cards.

Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 256 million, 202 thousand, and 188 dollars, an increase of 91% over cash sales of 23 million, 910 thousand dollars. https://www.mawazin.net/Details.aspx?jimare=249591

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

Provoking Thoughts and Points To Ponder On Adversity:

Necessity is often the spur to genius. -Honore de Balzac

Necessity is the mother of "taking chances." -Mark Twain

Necessity makes even the timid brave. -Sallust

People wish to be settled; only as far as they are unsettled is there any hope for them. -Ralph Waldo Emerson

Difficulties are meant to rouse, not discourage. The human spirit is to grow strong by conflict. -William Ellery Channing

Adversity causes some men to break, others to break records. -William A. Ward

I think there is this about the great troubles - they teach us the art of cheerfulness; whereas the small ones cultivate the industry of discontent. -Mary Adams

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

http://famousquotesandauthors.com/quotes_by_topic.html

Robert Kiyosaki Believes ‘Crash Has Begun’ — His 6 Ways To Use It to Your Advantage

Chris Ozarowski Tue, June 11, 2024 GoBankingRates

Robert Kiyosaki, financial influencer best known for his “Rich Dad Poor Dad” franchise, recently posted on X that he believes a significant economic downturn, or “crash,” has started. Such periods, he said, are challenging but present unique opportunities to acquire wealth.

Kiyosaki outlined six strategies to leverage during a crash to increase your chances of getting rich. Here’s what he said and which parts of his advice you can integrate into your own financial strategy.

Wealthy people know the best money secrets. Learn how to copy them.

What’s a Financial Crash?

A financial crash is a rapid and significant decline in asset values across various markets, triggered by economic disturbances, policy shifts or unforeseen global events. Such downturns can lead to widespread economic hardship, affecting employment, savings and investment returns.

In recent years, the global economy has witnessed several significant market crashes. The 2008 financial crisis was triggered by the collapse of the housing market and high-risk mortgage-backed securities, leading to a loss of more than $2 trillion in the global economy. More recently, the 2020 downturn induced by the COVID-19 pandemic saw rapid declines in stock prices and a severe economic slowdown.

Kiyosaki’s 6 Rules for Navigating a Crash

1. Don’t Catch Falling Knives

Kiyosaki advised against impulsive buying during market dips. As stock prices tumble, it’s tempting to try buying a good company’s stock at a discount. Kiyosaki cautioned, “don’t catch falling knives,” which means to wait until asset prices stabilize and avoid purchases during a steep decline to prevent losses.

2. Study

Education is crucial in investment. Kiyosaki stressed the importance of learning from various sources, including YouTube, where he said advice can either be good or questionable. He suggested investors spend time finding credible sources and understanding different perspectives.

3. Networking

Kiyosaki encouraged building relationships with persons with similar financial aspirations and distancing oneself from those who do not take accountability for their financial decisions.

While networking with other people who share your interests may generally be beneficial, it can also lead to echo chambers where new ideas and necessary critiques of financial strategies are not discussed. This should be avoided.

To Read More: https://www.yahoo.com/finance/news/robert-kiyosaki-believes-crash-begun-120134289.html

Wednesday Evening News with MarkZ

Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions

Member: Good Wednesday evening to all.

Member: So what do you know today Mark???

MZ: Bond folks are still sitting with bated breath waiting for dollars. It’s been quiet today. But there are wonderful distractions in the news…..

Member: Since bonds have been moving shouldn't CMKM be going now????

Member: Guess we are waiting with bated breath for that as well.

MZ: I did have one bank story ….From a member: “This afternoon I had a good conversation over the phone with a wealth management person regarding the redemption of currencies. I told him what types of currencies I had …Evidently he is heavily involved and travels to various locations. Today he was in Utah …and he goes to Reno frequently. This is a major wealth management company. He is very aware of the revaluation of currencies. He is going to schedule a meeting in Reno along with some wealth managers from their company for people who are exchanging.

Member: I heard a rumor that the PM of Iraq has announced that Iraq has revalued their currency and the rate is over $4.00.

Member: The Parliamentary Finance Committee Wed request budget be redone before publishing in the Gazette. Errors in the numbers. The publication will be postponed until after Eid Holiday.

MZ: I am still hearing the budget tables should be in the Saturday Gazette. We shall see. I heard this right from someone in Iraq today.

MZ: We don’t need that though because Sudani told us that everything is now in the hands of the CBI…..he was talking to Alaq at that time….so it’s the CBI ‘s job to change the rate.

Member: I saw that Iraq has holidays coming up. Would this slow them down releasing the rates?

MZ: Everytime we have looked in the past we saw Kuwait revalued during Ramadan….Iraq revalued in the early 70’s during a holiday. I wouldn’t be too worried about those things.

MZ: “ United Arab Emerits ADMOC resells Iraqi oil in global markets” They are doing the refining of Iraqi oil which means more sales for Iraq. This is another revenue stream for Iraq.

Member: I was sure hoping Saudi Arabia not using the petrodollar would trigger the reset

Member: The petro dollar’s supposed demise is like the plot of a suspense novel—just when you think you’ve figured it out, there’s a new twist that makes you rethink everything!

Member: The petro dollar's demise is like the fall of a financial titan—once powerful, now facing challengers and questioning its relevance in a changing world.

Member: The petro dollar's demise is like a bad soap opera plot twist—everyone saw it coming, yet somehow it still manages to drag on, leaving us wondering if it'll ever truly end

Member: I got a call out of the blue today from my bank pushing savings accounts and wanting me to talk to wealth manager.

​​Member: BREAKING: Massive 'out of control' fire reported at an oil refinery fire near Erbil, Iraq. Multiple people injured –

Membr: Well we have been having the quiet……I am really ready for the “Suddenly” Come on RV..

Member: TY MARK MODS AND FAMILY LOTS OF LOVE TO ALL

AFTER THE NEWS UPDATE WE WILL TAKE A SHORT BREAK AND JOIN MARK BACK AT 8:00 PM EST FOR WHISKEY & WISDOM

CBD Guru’s joined the stream tonight Please listen to the replay for his information.

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary,medical opinions or many guests on this stream……just RV/currency related topics.

​TO GET THE “REAL MARKZ ACCOUNTS”, TWITTER, YT, RUMBLE, TELEGRAM ROOMS, AND FOR MARK’S DAILY LINKS TO HIS WEBSITE: https://theoriginalmarkz.com

STAY IN THE KNOW: FOR UPDATES ON PODCASTS (CHANGES & GUESTS). YOU WILL FIND PLENTY OF USEFUL INFO THAT KOUKLA UPDATES OFTEN FOR MARK AT THE TELEGRAM INTEL CHANNEL: https://t.me/+K_GNVfTI0gFkZWYx

GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

ZESTER'S LINK TREE: https://linktr.ee/CrazyCryptonaut

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

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

KTFA

Wednesday Night Conference Call

FRANK26….6-12-24……THE TIME OF THE FLOAT

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163 PIN: 156996

https://www.youtube.com/watch?v=PifO11P0MJ8

KTFA:

Clare: Saudi Arabia's petro-dollar exit: A global finance paradigm shift

10 Jun 2024

The financial world is bracing for a significant upheaval following Saudi Arabia's decision not to renew its 50-year petro-dollar deal with the United States, which expired on Sunday, 9 June, 2024.

The lapsed security agreement - signed by the United States and Saudi Arabia on 8 June 1974 - establishes two joint commissions, one on economic co-operation and the other on Saudi Arabia's military needs, and was said to have heralded an era of increasingly close co-operation between the two countries.

American officials at the time expressed optimism that the deal would motivate Saudi Arabia to ramp up its oil production. They also envisioned it as a blueprint for fostering economic collaboration between Washington and other Arab countries.

The crucial decision to not renew the contract enables Saudi Arabia to sell oil and other goods in multiple currencies, including the Chinese RMB, Euros, Yen, and Yuan, instead of exclusively in US dollars. Additionally, the potential use of digital currencies like Bitcoin may also be considered.

This latest development signifies a major shift away from the petrodollar system established in 1972, when the US decoupled its currency from gold, and is anticipated to hasten the global shift away from the US dollar.

Cross-border CBDC transactions

In a more recent move, Saudi Arabia has announced its involvement in Project mBridge, a project which explores a multi-central bank digital currency (CBDC) platform shared among participating central banks and commercial banks. It is built on distributed ledger technology (DLT) to enable instant cross-border payments settlements, and foreign-exchange transactions.

The project has more than 26 observing members including the South African Reserve Bank, which was greenlighted as a member this month.

The better known observing members of mBridge are those of the Bank of Israel, Bank of Namibia, Bank of France, Central Bank of Bahrain, Central Bank of Egypt, Central Bank of Jordan, European Central Bank, the International Monetary Fund, the Federal Reserve Bank of New York, the Reserve Bank of Australia, and the World Bank.

In tandem, the project steering committee has created a bespoke governance and legal framework, including a rulebook, tailored to match the platform's unique decentralised nature.

Evolution of Project mBridge

Project mBridge is the result of extensive collaboration starting in 2021 between the BIS Innovation Hub, the Bank of Thailand, the Central Bank of the United Arab Emirates, the Digital Currency Institute of the People's Bank of China and the Hong Kong Monetary Authority.

In 2022, a pilot with real-value transactions was conducted. Since then, the mBridge project team has been exploring whether the prototype platform could evolve to become a Minimum Viable Product (MVP) – a stage now reached.

As it enters the MVP stage, Project mBridge is now inviting private-sector firms to propose new solutions and use cases that could help develop the platform and showcase all its potential. LINK

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Clare: The Minister of Communications announces a campaign to turn off towers in preparation for switching to fiber optics

6/11/2024 Baghdad

On Tuesday, Minister of Communications Hiyam Al-Yasiri announced the imminent launch of a campaign to extinguish towers in residential areas in preparation for the transition to the fiber optic system.

Al-Yasiri said in a statement, reported by the official news agency, and seen by Al-Iqtisad News, that “the Ministry intends to implement a campaign to extinguish the towers in coordination with the relevant security authorities, and according to the schedules set for them, after which it will switch to the fiber-optic system.”

She added, "There will be no losses to tower owners or unplanned extinguishing, as the companies operating on FTTH lines have completed their work in dozens of Iraqi regions in preparation for extinguishing those towers, and there is a detailed scheduled plan that will be announced in advance to extinguish the Wi-Fi towers." Fi) and converting it to FTTH service, which will be with the consent of the citizen and not compulsory.”

Al-Yasiri continued, “The prices that FTTH will offer will be lower or equal to the prices of Wi-Fi, despite its high cost, but we bear these costs with the companies in order to provide good service to citizens.” LINK

BuckEyeTree: Iraq continues to transform into the modern era with banking and now fiber optics. With security and stability and safety (banking laws against terrorism and corruption), investors / companies will find a good environment to do business.

If I remember correctly from UB2B, "in the coming days" phrase could potentially mean "anyrime." Praying with the blessings to be realized that this will be in the coming "days" or sooner. Big plans for an improved Iraq and for ministries.

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

Mnt Goat If you step outside of Iraq, when they finally do reinstate the dinar, the exchange of the three zero notes...will exchange to whatever the currency exchanges i.e. FOREX rate is at the time.

Frank26 [Iraq boots-on-the-ground report] FIREFLY: Parliament is saying we're going to pass the investment law. You're going to see it very soon...

UPDATE: Iraq's Expected Growth by the End of 2024/2025 (MENA)

Nadeer: 6-12-2024

https://www.youtube.com/watch?v=1VqgUGVdwos

BREAKING: BRICS Says 59 Nations Plan to Join, New Financial System, Dedollarization Priorities

Lrena Petrova: 6-12-2024

https://www.youtube.com/watch?v=v09dM3sCPeE

Goldilocks' Comments and Global Economic News Wednesday Afternoon 6-12-24

Good evening Dinar Recaps,

BRICS: BRICS calls for enhanced use of local currencies in trade between member countries -The Economic Times

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Joint Statement of the BRICS Ministers of Foreign Affairs/International Relations, Nizhny Novgorod, Russian Federation, 10 June 2024 - The Ministry of Foreign Affairs of the Russian Federation |Ministry of ForeignAffairs

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How will Europe's elections impact digital euro legislation? -Ledger Insights - blockchain for enterprise

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Russia intends to perform its first cross-border payments using thedigital rublein the second half of 2025. Central bank digital currency (CBDC) transactions with China or Belarus are on the cards. That’s according to Anatoly Aksakov, who chairs the Financial Markets Committee of Russia’s State Duma. |LedgerInsights

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Panel perspectives: Navigating the new waves of supply chain finance |TradeFinanceGlobal

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Project Cedar, Explained (Wholesale Central Bank Digital Currency Prototype).How the 7 trillion dollar a day Forex Market will move its money. |Youtube

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We are moving from a World Reserve Asset transaction to Central Bank Digital Ledger Technological (blockchain) transactions.

© Goldilocks

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🚨BREAKING: BRICS Says 59 Nations Plan to Join, New Financial System, Dedollarization Priorities |Youtube

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A Distributed Systems Reading List |Ferd CA

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Putin Says BRICS Developing Independent Payment System Free From Political Pressure –Featured Bitcoin News

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Ripple Completes Acquisition of Standard Custody & Trust Company –News Bytes Bitcoin News

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Saudi Arabia's petro-dollar exit: A global finance paradigm shift | The Business Standard

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Russia’s Moscow Exchange to stop trading in dollars after latest US sanctions |ARA TV

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FOMC Press Conference June 12, 2024 |Youtube

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Thank youDinar Recaps

Bruce’s Big Call Dinar Intel Tuesday Night 6-11-24

Transcribed By WiserNow Emailed To Recaps

Welcome everybody to the big call tonight. It's Tuesday, June 11th and you're listening to the big call. Thanks, everybody. I’d like to welcome everybody to the big call from wherever you're located. And of course, like to thank the SAT team for keeping up with and monitoring using the Starlink satellite system monitoring our listeners, which at last count we thought were about 25 million. That was in close to 200 or so countries -

So let’s see what the numbers are coming out today - the main thing is we're welcoming everybody to the big call - Glad you guys could make it - and I'm excited about fact that we're getting out, reaching a lot of people and trying to do the best we can by putting our information to them

So Bob what's our time hack, Bob? It's 10:05, . Okay, good 10:05. Let’s do this - intel segment is relatively short tonight, things are very quiet and have been for days, and realize we haven't had a call since Thursday night, so that's five days ago, but I can tell you, we have two sources saying that we expect notifications either - Well, it was either today or tomorrow, they haven't come in today.

That puts tomorrow in position right now. And the other piece that we got was from a bond - well banker who's got connections to the bondholders and the bond pay masters - He said bondholders should be receiving their emails tomorrow.

Well, typically, if the bondholders get their emails tomorrow, we should get our emails tomorrow as well. That is theory of the shotgun start. They could be a little bit ahead of us, but overall, I don't believe that's going to be the case. I think they're right there. I think this thing is very close to coming out.

They really don’t want us to know when it's going to come out. But if bondholders get notified tomorrow, we should also get notified tomorrow, and then all we do is set appointments and start our exchanges tomorrow or Thursday.

So not a whole lot of Intel. I know that everybody's curious as to when our start is, obviously, I'm curious about it as well, but when things tend to be this quiet, this quiet out there, usually we could say it's it's ready to go, being quiet for a reason, and we can take advantage of that. It's not much, but we don't need a whole lot we just need a start, and I think this is what we are looking at

Obviously we're very close. Hopefully this thing we get notified tomorrow, we'll see what that looks like, and everything's just moving behind the scenes - . So I can tell you that the so called pickup is going gangbusters right now - There's a lot happening behind the scenes – to remove people basically been in the way of this for a long time – they are getting picked up right and left now.

So without detail on that, I feel like you're getting what you need to get right now. Obviously we're looking forward to this going so thank you guys for listening tonight. I appreciate it. And before we turn off the recording, let's go ahead and start and pray ourselves out. Okay? Good.

Bruce’s Big Call Dinar Intel Tuesday Night 6-11-24 REPLAY LINK Intel Begins 1:02:50

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Bruce’s Big Call Dinar Intel Tuesday Night 5-14-24 REPLAY LINK Intel Begins 1:10:00

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Bruce’s Big Call Dinar Intel Thursday Night 5-9-24 REPLAY LINK Intel Begins 51:51

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Bruce’s Big Call Dinar Intel Tuesday Night 5-7-24 REPLAY LINK Intel Begins 1:05:15

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