Dinar Recaps Blog Page — Dinar Recaps (2024)

KTFA

Thursday Night Conference Call

FRANK26….6-6-24…..YOU ARE GOING TO SEE MORE

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=Xg-1btkopUA

Iraqi News Highlights and Points To Ponder Thursday Evening 6-6-24

Kurdish MP: The Region’s Share In The Budget Is Fair And We Are Happy To See It Passed

Policy Al-Sumaria News – Politics The representative of the Kurdistan Democratic Party bloc, Sharif Suleiman, described today, Thursday, the Kurdistan region’s share in the federal budget as “fair,” indicating that prior political agreements decided its passage.

Suleiman said in an interview with: Alsumaria News “The political agreement that occurred between the governments of the center and the region is the basis for agreeing on the region’s share of the budget amounting to 12.67%,” adding, “We are happy that there were no bidding or arguments regarding voting on the budget tables and the region’s share in them.”

He added, "The region's share in the budget tables is fair and not bad in light of the reality it is experiencing."Iraq", indicating, "We hope that the budget will be implemented in the correct manner agreed upon and that it will not be subject to political quarrels and bidding or be used as a pressure card." LINK

An Economist Reveals The Positive Side Of The Budget

Economy Information / Baghdad.. Today, Thursday, economic expert Dargham Muhammad Ali revealed the positives of the current year’s budget, which was approved by the House of Representatives a few days ago.

Follow the “Al-Ma’louma” channel on Telegram.. News that does not require documentation..

Ali told Al-Maalouma: “The criticisms raised about the budget are normal, but most of them are based on bias towards the governorates, or perhaps for electoral goals sometimes.”

He added, "The real face of the budget has many positives, including that it is different from previous budgets, as it represented the highest investment ceiling among previous budgets."

He pointed out, "Allocating financial benefits for the development road project, supporting the private industrial sector, and supporting many infrastructure projects that will contribute in one way or another to activating various economic activities that will benefit in the near future."

He continued: “The government’s adoption, for the first time, of the principle of diversifying the distribution of projects between the local administrations of the governorates and between the ministries, will reflect positively on the implementation of projects by creating an atmosphere of competition between the ministries and governorates, especially since the government granted the implementation of the ministries’ projects directly.”

He continued, "The budget was based on distributing the governorates' funds according to deprivation and not on the basis of the proportion of the population, and this will establish the basis for revitalizing the economy of the governorates that suffer from a lack of services and others." Ended / LINK

Abdel Wahid: The Region’s Budget Allocations Do Not Fit Its Reality, And The Smuggled Funds Are No Longer Mere “Frauds.”

Time: 06/05/2024 Read: 2,548 times {Politics: Al-Furat News} The head of the New Generation Parliamentary Bloc, Sarwa Abdel Wahed, said that the region’s budget allocations do not fit its reality, while she believes that the smuggled funds that have returned are mere “fraud”.

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

We voted as a new generation on the 2024 budget tables and we had observations regarding the region’s share on the basis of 3 governorates and not 4 {Sulaymaniyah, Dohuk, Erbil and Halabja}.”

- There is an article in the law that obligates the House of Representatives to vote on the budget without discussing it.

- The Kurdistan region’s budget allocations are not proportionate to the size of the region’s reality, but they are good for covering the salaries of the region’s employees.

- We are in favor of improving the governorates’ budgets, especially in Basra Governorate.

- Not all objections are based on schedules The budget is in good shape, but there are those who want to exploit this situation.

- Some politicians defend the contracts of the region’s governorates for personal gain.

- The issue of appeals against the budget is natural, and the judiciary is the one who determines whether it is valid or not.

- We communicate our objection to all Shiite and Sunni leaders, and we are not responsible for the mistakes of others -

The Chairman of the Parliamentary Finance Committee did not attend the voting session on the budget schedules due to the lack of allocations for some governorates.

- The central and regional governments bear the responsibility of delaying the payment of employees’ salaries as well as the resettlement.

- The current session of the House of Representatives is devoid of commitment to attending the sessions and their effectiveness and activity in legislating laws as a result of many problems and lack The harmony of the parties and the absence of Muhammad Al-Halbousi did not change the reality of Parliament.

The problem of resolving the position of Speaker of Parliament can be solved through settlement, as happened with the President of the Republic, in one session.

- What is returned to the state’s treasury of smuggled funds is merely “bankruptcy” relative to what was stolen, and no Iraqi institution has the right to withhold information from representatives, and the current session is witnessing a significant reduction in the follow-up of corruption files.

Prime Minister Muhammad Shiaa Al-Sudani is an honest person and he should be given a deadline to complete his work.

We transferred two documents containing suspicions of corruption related to Samarra medicines and the Ministry of Education to the Federal Integrity Commission and are awaiting investigations. Wafaa Al-Fatlawi LINK

Economic Warning From The Basra-Aqaba Pipeline.. How Much Is Its Value?

Economy News – Baghdad Today, Thursday, the economic expert, Hamza Al-Jawahiri, warned against the Basra-Aqaba oil pipeline project, and in what he described as a “Trojan horse” for normalization with Israel, he pointed to the value of its total cost.

Al-Jawahiri said, in an interview with Al-Iqtisad News, that “the Iraqi government is under intense pressure from America to implement the Basra-Aqaba oil pipeline project,” noting that “MPs must have a role in stopping the project because it represents the cornerstone of the so-called deal of the century.” In which the project will be a Trojan horse for normalization with Israel, which the people completely reject.”

He added, "The Basra-Aqaba oil pipeline and its annexes are projects that cost Iraq $28 billion and include the cost of building the line and Mustafa Oil to be established in Aqaba, along with a line that goes to Egypt to supply it with oil, in addition to building a port in Aqaba for export. All costs are borne by Iraq."

He pointed out, "Iraq bears all kinds of cruelty, especially since the line passes through Wadi Houran, which is considered a safe haven for ten thousand ISIS fighters," noting that "Iraq transports through it to Jordan 150,000 barrels of oil and 150,000 barrels to the refinery in Aqaba and a quantity of oil."

More than 300 thousand barrels per day to Egypt and Israel, while the line does not transport more than one million barrels to Jordan, meaning that Iraq will only export 400 thousand barrels per day to the world.

Al-Jawahiri stressed, “All the costs of building the line are paid by Iraq, as are the costs of operating the line, and it bears the cost of the oil’s passage through Jordan at the rate of two dollars and seventy cents per barrel.”

The economic expert stated, “When the oil is transported from the port of Aqaba, it will be in waters completely controlled by Israel, and if the latter creates any problem to impose normalization on Iraq, it will be forced to submit to its will, and thus the line will be a Trojan horse for normalization with the latter.” 06/06/2024 - https://economy-news.net/content.php?id=44066

Provoking Thoughts and Points To Ponder On Adversity:

Weeping may endure for a night, but joy cometh in the morning. -Bible

Night brings our troubles to the light rather than banishes them. -Seneca

Too much happens ... Man performs, engenders so much more than he can or should have to bear. That's how he finds that he can bear anything. -William Faulkner

A great man does not lose his self-possession when he is afflicted; the ocean is not made muddy by the falling in of its banks. -Panchatantra

There are three modes of bearing the ills of life: by indifference, by philosophy and by religion. -Charles Caleb Colton

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

http://famousquotesandauthors.com/quotes_by_topic.html

6 Great Money Lessons From the 1950s You Should Use Today

Angela Mae Thu, Jun 6, 2024,

America in the 1950s was a vastly different place than it is today. Unemployment rates were low, individual purchasing power was high, and mass production and new technologies were making everyday goods and services readily available and cheaper.

Many young adults in the 1950s grew up during the Great Depression — 1929 to 1941. As they went on to launch their own careers, start their own families and pursue the American dream, they did so with the financial lessons they learned along the way.

And those lessons? They were passed down to their children and their children’s children.

While the 1950s might seem ever so distant, many of the lessons that came about back then are still significant today. Living within your means, owning what you have, saving up for the future — these are just some of the great money lessons from back then that you should use today.

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

Live Within Your Means

Learning to live within your means is just as important now as it was 20, 50 or even 100 years ago.

“In the 1950s, most families stuck to pretty much the same budget from year to year, with people spending only what they earned and never going into debt when they [could avoid it],” said Erika Kullberg, a personal finance expert, attorney and founder of Erika.com.

It helped that the first consumer credit card didn’t come about until 1958, when Bank of America launched BankAmericard. Credit simply wasn’t as readily accessible as it is today.

“In a world where credit is easy, it’s more important now than ever to shop around, practice self-discipline and save rather than borrow,” said Kullberg.

If you must use credit or loans for something, like a house or school, do so with extreme caution so that you don’t end up taking on debt you can’t afford.

Live Like Your Money’s Going To Disappear

Living like your money will disappear doesn’t mean spending everything immediately. Quite the opposite, in fact.

“In the ’50s, many adults remembered struggling through the Great Depression,” said Todd Stearn, founder and CEO of The Money Manual. “With low inflation and unemployment and high wages, the middle class had more spending money than ever in the ’50s, but many were so impacted by the things they and their parents had been through financially that they often saved carefully despite the good fortune many had found. That caution with money is just as valuable today.”

Save as Much as You Can, But Use Your Savings as Intended

To Read More:

https://finance.yahoo.com/news/6-great-money-lessons-1950s-150010941.html

KTFA:

Clare: Nearly 80 trillion dinars disappear from the 2022 and 2023 budget.. Deputy: “No one knows where it went.”

6/4/2024 – Baghdad

Member of the Parliamentary Integrity Committee, Hadi Al-Salami, revealed today, Tuesday, that about 57 trillion Iraqi dinars remain from the 2023 budget, and no one knows where it went.

Al-Salami said, “The 2023 budget amounted to 206 trillion, the actual expenditure was 148 trillion, and the remaining 57 trillion. No one knows where that retained money went.”

He added, "There are 22 trillion in rounds in the 2022 budget as well, and no one knows where it went," noting that "there are problems and irregularities regarding the issue of actual revenues and actual expenses in the budget tables."

He explained, “The House of Representatives made many observations on the budget schedules that were passed without warning.” LINK

GEGDinar: This is simply devastating. The entire world is looking at Iraq, and if they haven't been able to show that they can get ahold of their endemic corruption, then what. If I'm looking at investing in Iraq, or a company holding an infrastructure contract with the Iraqi government, I'm going to seriously second-guess my decision and look to exit stage left. If what Frank says is true and they decide to come out with an operational budget at 1,310 rate with no Investment Budget, their credibility will take a massive hit. imo

BM532: I am fine with all of these "negative" articles on economists and "members" stating the disappearance if large sums of money and a less that satisfying budget. Kuwait did the same thing saying xyz and then come out with the new rate! IMO. I always said I would look for silence or little to know news, then what would be considered negative news, then BAM - the world celebrates. IMOx100

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DeepWoodz: Ain’t no way. Parliament doesn’t control the money in the budgets. I don’t even believe this is true.

TSM: Exactly my thoughts as well....WHO was allocating the funds to projects, etc...Seems like the floor is still pretty dirty and maybe instead of Sudani taking all of the victory laps he should have been paying more attention to the day to day operations of the gov't...IMO

DeepWoodz: Fake news. Agreed.Back to the real stuff.Census almost done. Great timing.

PJSMan: I also agree ....it is fake news......if Sudani let 57 trillion Dinars slip out the door on his watch.....while the dinar is at a program rate......then he does not have good systems in place .......sounds like controlled mis information…….OR If it is true, but Sudani already located the 57 Trillion .....and this is to expose Parliament there is no way he sets up a conference call/meeting to tell people that "57 Trillion is missing and I hope we can find it in the coming days"

GEGDinar: So the way I look at this is what does this 57 Trillion that has disappeared tell people like the WTO, IMF, BIS, Word Bank, U.S Fed, global contractors, etc. about the condition of Iraq right now? Can they really be trusted? Or are they seeing a corrupt society that is unwilling to change? If Sudani and his government cannot resolve this case of the missing 57 trillion in "The Coming Days" then important entitles that I've mentioned will probably want to slam on the emergency brakes and bring everything to a halt. I guess the next few weeks will show us how serious Sudani and his anti-corruption will be at going after whomever has perpetrated this crime. I pray this gets resolved quickly. If not, it's back to square one.

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Harlequinc3: Old timers, help me out here, I don't think I'm crazy. I distinctly recall way back when we thought the budget mattered under Maliki, a very similar situation came up -- X amount of dinar has gone missing from the leftover budget! The surplus is all gone! What can we do???

And I have a very strong memory of Saleh at the behest of Shabibi calmly replying there was a 'slush fund' of sorts that the excess funds from previous budgets went in to -- a set of separate accounts from what Parliament had -- they weren't lost, they were removed out of Parliament's hands, for all intents and purposes, to protect them. That 'discretionary fund' is what they used to run the government the next year because they could never get a real budget activated -- the operational budget Frank was talking about.

This was back when they were meeting day after day, walking out to protest Maliki, and never had quorum. I wanna say 2010-ish? Anyway, I am almost positive I remember the same scenario way back when, and a couple days later here's Saleh explaining, wow, don't worry, we're not THAT inept.

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Clare: Representative Hadi Al-Salami raises a parliamentary question about the fate of 57 trillion dinars in the 2023 budget

6/4/2024

Member of the Parliamentary Integrity Committee, Hadi Al-Salami, revealed today, Tuesday, that about 57 trillion Iraqi dinars remain from the 2023 budget, and no one knows where it went.
Al-Salami said in an interview with Al-Maalouma, “The 2023 budget amounted to 206 trillion, the actual expenditure was 148 trillion, and the remaining 57 trillion. No one knows where that retained money went.”

He added, "There are 22 trillion in the 2022 budget as well, and no one knows where it went," noting that "there are problems and irregularities regarding the issue of actual revenues and actual expenses in the budget tables."

He explained, "The House of Representatives made many observations on the budget schedules that were passed without warning." LINK

Clare: An Iraqi economist criticizes the 2024 budget: operational par excellence

6/6/2024

Thursday, economic expert Nabil Al-Marsoumi criticized the federal budget for the year 2024, which is the largest in the history of Iraq, describing it as operational par excellence, considering that it is not part of the development plan.

Al-Marsoumi told Shafaq News Agency, “The budget has abundant funds, amounting to 211 trillion Iraqi dinars, and this is a very large amount, but as is the case in previous Iraqi budgets, it was allocated to social care, salaries, and other expenses, and therefore it is an operational budget that does not change the quality and structure of the Iraqi economy.” .

He added, "The budget is dependent on oil and the extent of the backwardness is large in the sectors of industrial and agricultural production and operational services. The budget was not part of the development plan, as there is supposed to be a development plan in the country every four or five years."

Al-Marsoumi continued, "There is no strategic tool that distributes oil revenues to the people and to the governorates, as the financial allocations to the governorates range between 7-20% of the budget."

He pointed out that "operational spending took up 74% of the approved budget, with about 95% on oil export imports, while investment spending amounted to 55 trillion dinars, including 1,321 projects, 470 of which were lagging in implementation due to the lack of financial allocations. The government is also completing implementation." Major projects related to infrastructure and other commercial and industrial projects that have important future economic roles, such as Al-Faw Port and the development road.” LINK

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Clare: Plasschaert's replacement raises controversy.. Who is he?

Thursday 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 evening to all….hope your day was wonderful

Member: What is new and exciting today Mark?

MZ: I have been getting amazing news from a number of historic bond contacts as they appear to be prepping for a very early money release next week. There is a lot of stuff being signed and a lot of scrambling to fill more orders.

MZ: If I told the numbers of historic bonds you would be blown away. The sheer number of bonds and boxes of bonds they are collecting around the world is stunning

MZ: I am very confident in saying things are in full swing. Very much so.

MZ: I hear that you folks and your friends who are involved with bonds and groups are beginning to get notifications …and are getting updates over the last day or so.

MZ: I wish I could share some things without getting folks in trouble –that sucks …. because I would if I could so that you all could have the same warm,fuzzy feeling I have right now.

MZ: Instead you get to see me give the news and being content and confident that we are in the final days of this journey.

MZ: “The UN sees progress in Iraq’s anti corruption efforts and lists recommendations..” The UN seems pretty happy with all the efforts you have made Iraq …here’s you “atta boy”

MZ: This is actually important to see all the sanctions going away and Iraq being free and clear to change values on the world stage.

MZ: There really is a lot of news coming out of Iraq.

MZ: “The United Nations development program has issued a 49 page report on investment opportunities in line with Iraq’s sustainable goals” These are things to develop a very robust Iraq economy.

MZ: “Saudi Arabia has joined a China dominated central bank digital currency cross border trial” It’s all coming together. Their terminology may not be the best one to use….what they are referring to is a BIS system that uses CBDC,, digital currency and blockchain. It will use all of them. This system is what does away with SWIFT. It’s a fully functioning system outside the SWIFT system. And Saudi Arabia just joined.

Member: And Saudi Arabia’s 50 year contract expires on Sunday to only use the petrodollar for oil sales……I don’t think it’s a coincidence.

MZ: They will probably still take dollars…and use them on the world stage…but they do not have to take only dollars. This is a huge piece of news. The whole world is positioning to not need the US dollar.

Member: I think BRICS is going to save the world financially…..hope we all can be a part of it.

Member: I missed what the estimates of the currencies rates were….Could you give a refresher?.

MZ: Noone knows for sure….but, the rumors I have heard….the ones I have the most faith in are around $4 for the dinar…around $2.25 for the dong. …Around $1.40 something for Indonesian rupiah, We have seen rates for the dinar close to $5 recently and close to $3 for the dong on bank screens. And $1.36 for rupiah on some screens. And I continue to hear $30M to $50 M per each 100T Zim bond .

MZ: But, we are not going to know the exact rate until we are exchanging…..but we are hopeful those rates are close to accurate.

Member: What’s the story of the rumored $28.50 contract rate on the dinar?

MZ: WE have seen that rumor since the early days…..it sounds great but don’t know how accurate it is. Maybe it means what our purchasing power will be when we go back to the gold standard? That would actually make some sense.

Member: I would love to see a picture of those bank screens.

Member: I’m hoping your rumored rate on the bolivar is right. I beleive you said .27 cents per 1 bolivar yesterday?

Member: Thank you Mark...have a great evening!

Member: Thank you PDK for the transcriptions.

MZ: Yes PDK does a great job. We don’t say that enough

PDK: You are welcome….hope we are really close so I can retire like all of you!

PLEASE TUNE IN ON FRIDAY AT 5:00 PM EST FOR ZESTER’S CRAZY CRYPTONAUT. LINK TREE: https://linktr.ee/CrazyCryptonaut SEE YOU THERE! THANKS

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=65vpD5eI1Ns

Goldilocks' Comments and Global Economic News Thursday Afternoon 6-6-24

Good Evening Dinar Recaps,

This will significantly minimize the use of the Petro Dollar if not completely over time. Currently, Saudi Arabia still services the United States along with China who uses the Petro Yuan to trade in oil agreements.

👆 Goldilocks pointed to this article

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Silver Technical Scoop: Precious Benefit, Market Divergences |SilverSeek

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ISO 20022 in bytes for payments: Supporting your CBPR+ readiness |Swift

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Israel advances digital shekel initiative with new innovation challenge |Crypto Reporter

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Interest rates are likely headed down, at least in Europe |AP News

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Bank of Canada cuts key interest rate to 4.75% |CBC News

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SBV vows to fight Vietnam's goldization |SGGP English Edition

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Temenos and Mastercard join forces to expand cross-border payment capabilities through Mastercard Move |Morningstar

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The Unitas Protocol for emerging market currency stablecoin |Ledger Insights

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Project mBridge reaches minimum viable product stage and invites further international participation |BIS

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More details on Project Agorá—the plan to tokenize correspondent banking |CoinGeek

In April, the Bank for International Settlements (BIS)announced Project Agorá, a project in which seven central banks aim to transform cross-border payments via tokenization.

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Turning trash into a golden opportunity. |Youtube

👆 In the future, when someone says your house is a dump, there may be some truth to it. 😂

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Comparing IMF Economic Report to Iraq's Actual Plans |Youtube

👆Goldilocks pointed to this video

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This report is showing us that the markets are contracting. |Youtube

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Iraq Economic News and Points To Ponder Thursday Afternoon 6-6-24

Plasschaert's Replacement Raises Controversy.. Who Is He?

Political | 06/06/2024 Baghdad - Mawazine News Arab reports revealed today, Thursday, that the United Nations has nominated the permanent representative of the Sultanate of Oman, Mohammed bin Awad, to fill the position of head of the UN mission in Iraq.

This comes after the UN Security Council unanimously approved ending the United Nations political mission in Iraq, and ending the duties of the head of the mission in Iraq, Jeanine Plasschaert.

A report by the Emirati network Eram, followed by Mawazine News, said, “There are some unnamed political parties that had reservations about the candidate, Muhammad bin Awad, and demanded that the United Nations bring in a foreign, non-Arab person for this position,” without disclosing the reasons for the rejection.

The Iraqi government had asked the Council, in a letter dated May 8, to end the mission of the United Nations Mission in Iraq at the latest by the end of 2025.

According to this request, the UN Security Council voted unanimously, last Friday, to end the United Nations mission in Iraq, which was established In 2003, which aimed to coordinate humanitarian efforts and post-war reconstruction efforts.

According to the resolution, the United Nations extended the mandate of the United Nations Assistance Mission for Iraq (UNAMI) for 19 months until December 31, 2025, and then developed a “transition and liquidation plan” in consultation with the Iraqi government to transfer its tasks and withdraw employees and assets. https://www.mawazin.net/Details.aspx?jimare=249264

Despite Its Rise Internationally... Basra Oil Prices Fell

Economy | 02:46 - 06/06/2024 The prices of Basra Heavy and Medium Crude oil fell on Thursday, despite the rise witnessed in the international market.

Basra Heavy crude prices fell by 36 cents to reach $76.08, and Basra Medium crude prices fell by 36 cents to reach $79.03, according to economic media.

Global oil prices rose amid growing expectations that the Federal Reserve (the US central bank) will cut interest rates next September, despite curbing prices against the backdrop of rising US inventories and the OPEC+ alliance’s plan to increase supplies. https://www.mawazin.net/Details.aspx?jimare=249262

The Central Bank Sells More Than $275 Million At Auction Today

Economy | 01:54 - 06/06/2024 Baghdad - Mawazine News The Iraqi Bank’s dollar sales amounted to more than 275 million dollars today, Thursday, in the currency auction.

In its auction today, the bank sold 275 million and 66 thousand and 650 dollars, which it covered at a base exchange rate of 1,310 dinars per dollar for documentary credits and international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,305 dinars per dollar in cash.

Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 253 million 556 thousand and 650 dollars, an increase of 92% over cash sales amounting to 21 million 510 thousand dollars. https://www.mawazin.net/Details.aspx?jimare=249254

Dollar Prices Are Rising In Local Markets

Economy | - 06/06/2024 The dollar exchange rates rose today, Thursday, in the local markets in the capital, Baghdad.

Prices rose with the opening of the Al-Kifah and Al-Harithiya stock exchanges to record 145,750 Iraqi dinars for every 100 dollars, while yesterday, Wednesday, prices recorded 145,500 dinars for every 100 dollars.

While selling prices in banking shops in local markets in Baghdad rose, the selling price reached 146,750 dinars, while the purchasing price reached 144,750 dinars for every 100 dollars. https://www.mawazin.net/Details.aspx?jimare=249256

It Includes 4 Stages.. The Ministry Of Interior Determines The Impact Of Digital Transformation On Citizens

money and business Economy News – Baghdad The Ministry of Interior announced today, Thursday, that managing the digital transformation file includes 4 stages, while indicating that digital transformation has reduced the burden on citizens and removed the similarity of names to controls.

Director of the Information Systems Directorate in the Ministry, Thamer Al-Amiri, said: “Managing the digital transformation file in the Ministry of Interior includes several stages, building the ministry’s own systems and managing strategic projects, including the passport project and the visa project, as well as the electronic gates at airports as well as the digital data center.”

He explained, "These projects led to reducing the burden on the citizen and removing the similarity of names in the detention centers, as a special system was launched to investigate and measure the efficiency of implementing arrest warrants at the state level."

He added, "We contributed to tracking the crime, by quickly sharing information between the security services and providing communications to facilitate the tracking of terrorism, as well as the presence of cameras and the preparation of special studies in this regard." 120 views Added 06/06/2024 - https://economy-news.net/content.php?id=44078

Canadian Foreign Ministry: We Will Reduce Our Diplomatic Presence In Iraq In 2025

Thursday 06, June 2024 20:13 | Political Number of readings: 107 Baghdad / NINA / The Canadian Ministry of Foreign Affairs announced its intention to reduce its diplomatic presence in Iraq, after the end of its country’s strategy to confront the threat of ISIS in the coming year.

A Canadian Foreign Ministry spokesperson told the Kurdish media network Rudaw: “Canada’s Middle East strategy, which was originally created to confront the direct threat posed by ISIS in Iraq and Syria, and its effects on neighboring countries Lebanon and Jordan, will end in March 2025.”

The spokesman added, "When the strategy ends, Canada's diplomatic presence in Jordan and Iraq will be reduced, and our office in Erbil in the Kurdistan region will be closed."

He stressed that Canadian embassy officials in Iraq will “actively” maintain regular communication with officials and people in the Kurdistan region.

A Canadian Foreign Ministry spokesman explained that these changes are consistent with the process of refocusing government spending, indicating that in the 2023 budget, the Canadian government committed to reducing spending by $14.1 billion over the next five years, starting from 2023-2024.

Canada is a member of the US-led international coalition against ISIS, which was formed in 2014 after the organization took control of large areas of Syrian and Iraqi territory./End 9 https://ninanews.com/Website/News/Details?key=1131079

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

Provoking Thoughts and Points To Ponder On Adversity:

Weeping may endure for a night, but joy cometh in the morning. -Bible

Night brings our troubles to the light rather than banishes them. -Seneca

Too much happens ... Man performs, engenders so much more than he can or should have to bear. That's how he finds that he can bear anything. -William Faulkner

A great man does not lose his self-possession when he is afflicted; the ocean is not made muddy by the falling in of its banks. -Panchatantra

I've had an unhappy life, thank God. -Russell Baker

Do not show your wounded finger, for everything will knock up against it. -Baltasar Gracian

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

http://famousquotesandauthors.com/quotes_by_topic.html

Jack Straw: Black Swan Event Anticipated as Petrodollar Comes to an End

6-6-2024

Jack Straw: On Sunday, June 9, 2024, a “Black Swan” event is anticipated as the Petrodollar comes to an end, leading to a collapse of the global financial system.

With no need for nations to hold U.S. Treasuries as a global reserve asset for oil trade, the U.S. Treasury bond market, which relies on the world’s demand for dollar reserves (off-balance-sheet dollars), will face severe disruption. The termination of the Petrodollar on June 9th eliminates the necessity for countries to maintain U.S. Treasuries as the global reserve asset in oil trade.

Consequently, theJapanese yen is expected to hyper-inflate against their U.S. Treasury holdings, forcing Japan to liquidate all their dollars.

https://dinarchronicles.com/2024/06/06/jack-straw-black-swan-event-anticipated-as-petrodollar-comes-to-an-end/

“Tennessee Bank Story” by Mary D – 6.5.24

Entry Submitted by Mary D at 11:03 AM ET on June 5, 2024

I WENT INTO MY BANK IN TENNESSEE YESTERDAY AND ASKED THE WOMAN IF THEY HAD LEARNED THE NEW SYSTEM YET?

SHE EXPLAINED TO ME THAT THEY WERE FINISHED WITH THE TRAINING.

SHE THEN ASKED ME IF I HAD FOREIGN CURRENCY. I TOLD HER THAT I HAD ZIM, SOME DONG, AND SOME DINAR.

SHE SMILED AND TOLD ME THAT THINGS ARE MOVING ALONG QUICKER THAN WE THINK AND THAT IS ALL SHE COULD TELL ME.

HAVE A WONDERFUL DAY. LET’S HOPE THINGS START HAPPENING SOON.

https://dinarchronicles.com/2024/06/05/tennessee-union-bank-story-by-mary-d-6-5-24/

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

Frank26 [Iraq boots-on-the-ground report] FIREFLY: TV says the budget didn't go to the president for signature but to the publishing in gazette...When the budget is in the Gazette it will go live. So that means a new exchange rate will come soon to correct that new budget because it can't handle all of these projects at a program rate, correct? FRANK: That is correct. It is also the monetary reform plan of Dr. Shabibi.

CharlieOK It would be very hard to have a "contract" if you don't know what you are going to be paid. More than likely, the companies with the "contracts" already know what the rate is. The "contract" would have to be subject to an agreed rate certain, in order to be able to agree to an amount they will agree to be paid in consideration of their services.

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TNT:

CandyKisses: Gold boosts its luster after important data

Baghdad Today - Follow-up

Gold prices rose during trading today, Thursday (June 6, 2024), with the decline of the dollar and US Treasury yields in light of increasing bets that the US interest rate cut may begin next September, while investors await US nonfarm payrolls data.

By 0258 GMT, gold was up 0.8 percent at $2,373.31 an ounce, after rising one percent in the last session.

US gold futures rose 0.7 percent to $2,392.80.

The dollar index fell 0.2 percent to hover around a near two-month low, and benchmark 10-year US Treasury yields remained near their lowest levels in more than two months.

Tim Waterer, senior market analyst at KCM Trade, said: "Buyers shrugged off the dollar today after weak data in the run-up to the release of nonfarm payrolls data that enabled the price of gold to boom."

"The baseline outlook still looks constructive for gold as we approach possible rate cuts in the second half of the year. However, the $2,300 level could be trending lower if we get a strong reading for nonfarm payrolls specifically."

US private sector hiring fell to a four-month low in May, adding to signs of a weakening labor market. Markets now await Friday's nonfarm payrolls data for more indicators.

Low interest rates reduce the opportunity cost of holding the non-yielding metal.

Among other precious metals, spot silver rose 1.8 percent to $30.54 an ounce, platinum rose 1.2 percent to $1,003.95 and palladium gained 1.2 percent to $942.75.

"CASCADING CRISIS." The SET UP IS CLEAR, AND THE TIME FOR YOU TO TAKE ACTION IS NOW!

Greg Mannarino: 6-6-2024

https://www.youtube.com/watch?v=ZVWJ16hRTz4

China and BRICS Launch New Digital Currency...What Happens to US Dollar Now?

Cyrus Janssen: 6-6-2024

0:00 - Intro to US Dollar Crisis

2:40 - China Dumps $53 Billion in Treasuries!

4:40 - The US Dollar Lost 24% Purchasing Power in 2 Years!

6:50 - Why Central Banks Are Buying Gold

10:50 - The Tipping Point of the US Dollar

15:50 - How China Stopped US Dollar

18:41 - How US Wars Hurt the US Dollar

https://www.youtube.com/watch?v=JKw4VPsTFLo

Breaking! 97 Countries Coming To Attend BRICS 2024 In Russia!

We Love Africa: 6-5-2024

97 Countries Prepare To Attend BRICS 2024 in June in Russia

A total of 97 countries have confirmed their presence in the BRICS 2024 Games in June this month. The event will be hosted by Russian President Vladimir Putin in the Kazan region between June 12 to 24.

“97 countries had already confirmed their participation,” said Russia’s Prime Minister Dmitry Chernyshenko. The minister added that the BRICS 2024 Games are an integral part of the development of the country.

“The BRICS Games 2024, which were ordered to be organized following the decree of the Russian President Vladimir Putin, are an important part of our country’s chairmanship in this organization,” he said.

He added that all eyes will be on the BRICS Games in 2024. “The upcoming tournament must be organized at the highest possible level,” he said. The sporting event will host 20 different sports with 97 countries participating in Russia.

Apart from the 97 countries that are participating in the BRICS Games 2024, more than 40 nations are also looking to join the alliance.

In 2024 alone, seven new countries have expressed their interest and submitted formal applications to enter the bloc.

The 16th BRICS summit will also be held in Russia’s Kazan region in October this year. The alliance will decide on the prospects of the applications in the upcoming BRICS summit.

All decisions will be taken on a consensus basis after weighing the pros and cons of a particular application.

BRICS is the only bloc that is looking to end reliance on the US dollar and push local currencies for cross-border transactions.

https://www.youtube.com/watch?v=29_95n4Xfeg

BRICS IS EXPANDING: Turkey, a NATO Member, Announces Plans to Join BRICS Bloc in 2024

Lena Petrova: 6-5-2024

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

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ Update- 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

Coffee with MarkZ and Mr. Cottrell. 06/06/2024

Member: Good Morning- it's a beautiful day in the neighborhood

Member: Remembring D Day and all the brave men and women who fought for our freedom today.

Member: D-Day, June 6, 1944, marks a pivotal moment in history when courage and sacrifice changed the course of World War II

Member: Remember the Catsup commercial that took forever to get any Catsup with song Anticipation playing?

Member: That is us- waiting for the RV and Nesara

Member: Mark give us your opinion will this be over this year?

Member: If it works like it did in Kuwait-will they release the rate before they post it ?

MZ: But with the interconnectivity and the internet-it would make more sense to do it exactly the same time.

Member: Are Bondholders & Whales still beached in Reno ?

Member: Is this our week Mark?

MZ: I have been looking close to the 9th based on what I am hearing…….but no one knows the timing. I was expecting more bond movement this week although the chatter has been excellent on the historic bonds.

Member: Unfortunately chatter doesn’t pay bills or saves the world.

Member: If German bonds are worth more than anticipated- is it reasonable to believe that rates will be higher than expected?

MZ: It’s certainly possible and reasonable to think that. .

MZ: I do have a number of bond people that have been waiting all week. They woke up to messages today saying their appointments were changed to around 10AM on Monday now. They expect full payout. This means they expect money movement this weekend. We shall see.

Member: Well that sucks. Bond folks have to be very frustrated.

MZ: I was really hoping to have the first guaranteed and confirmed, slam dunk bond payment this week. But I still have a few MIA bond folks…where they have turned off their devices….goes straight to voicemail.

Member: People that don’t think a reset is possible. They don’t understand the debt to GDP ratio

Member: Saudi Arabia is expected to announce that it will cease all oil sales in US dollars, marking the end of the 50-year Petrodollar Pact signed on June 6, 1974, which expires on June 9, 2024

Member: Sunday may be a big day for us.

Member: With June 9th Saudi Araba dropping support of the Petro Dollar, and the impact on all global trade settlements I think it is safe to say the USD has run out of gas.

Member: A friend got a letter from the IRS that stated that they were not going to pursue her back taxes because of a major restructure of the IRS~!

MZ: There has been a tremendous cleanup in politics in Vietnam recently.

Member: Lots of cleaning up happening here in South African politics.

Member: praying this our golden weekend- retirement would be awesome

​​Member: Each day is a life of Euphoric moments just know it's round the corner not a long mile at all.

Mr. Cottrell joins the stream today. Please listen to the replay for his thoughts and information

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

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

FOLLOW MARKZ : TWITTER . https://twitter.com/originalmarkz?s=21. TRUTH SOCIAL . https://truthsocial.com/@theoriginalm...

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

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

MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

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.

Twitch: https://www.twitch.tv/theoriginalmarkz

Youtube: https://www.youtube.com/watch?v=hpfq5ESf1N4

TNT:

CandyKisses: Land Acquired for $1.5bn Baghdad Golf Development

Arabian Businessreports that Abu Dhabi-based property developerEagle Hillshas bought land in Baghdad for a $1.5-billion golf real estate project.

It says theBaghdad Golf Course and Spawill feature a world-class golf course, high-end residential neighbourhoods, a five-star hotel, and an exclusive resort club.

Eagle Hills was founded by Mohamed Alabbar, who also foundedEmaar Properties, which developed projects such as the Burj Khalifa and the Dubai Mall.

CandyKisses: Will employees' salaries be released before Eid al-Adha?

Baghdad Today - Baghdad

An official source in the Iraqi Ministry of Finance revealed today, Wednesday (June 5, 2024), the possibility of distributing the salaries of employees before Eid al-Adha.

The source told "Baghdad Today" that "there is no trend so far regarding the distribution of salaries of Iraqi state employees before Eid al-Adha, corresponding to (16) June."

He added that "the salaries of employees as well as retirees will be paid during the current month, on their normal date without any submission to do so, so there is no decision to do so by the Prime Minister or the Minister of Finance."

The Iraqi government was often accustomed to paying the salaries of state employees before the holidays if the holidays coincided with the last days of the month, or if the date of payment of salaries coincided in the middle of the holidays, which prompted the government to pay salaries a day or two before their date.

However, Eid al-Adha will start between 16 and 17 and end between 19 and 20, and the official working hours begin on Sunday, June 23, before the official salary date.

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CandyKisses: Iraqi-Saudi-Kuwaiti discussions in Riyadh

Shafaq News/ The Saudi capital hosted discussions that brought together Saudi Foreign Minister Prince Faisal bin Farhan, Iraqi Fuad Hussein, and Kuwaiti Abdullah Ali Al-Yahya.

The Saudi Foreign Ministry stated in a statement on the “X” platform that during the discussions, “ways were discussed to enhance and develop aspects of cooperation in many fields,” and “the ministers also touched on the importance of intensifying bilateral and multilateral coordination on issues of common interest.”

The meeting comes days after Prince Faisal bin Farhan met with Abdullah Al-Yahya in Kuwait, last Sunday, and issued an announcement about the outcomes of the second meeting of the Saudi-Kuwaiti Coordination Council.

The announcement said at the time that the two sides stressed “the importance of cooperation in the political fields and joint coordination at all bilateral, regional and international levels, and the crystallization of positions in a way that serves the common interests of the two sides, and in a way that brings security and stability to the two countries, their peoples, and the peoples of the region,” according to the Saudi Press Agency (SPA).

The last meeting between the Saudi Foreign Minister and his Iraqi counterpart was in the Chinese capital, Beijing, at the end of last May.

During the Beijing meeting, “ways to strengthen and develop relations in various fields were reviewed, in addition to discussing the latest developments in issues on the regional and international arenas, most notably the developments in the Gaza Strip and its surroundings and the efforts made in this regard,” according to SPA.

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CandyKisses: President Rashid: Iran is a very important neighbor of Iraq and our relationship with it is good and strong

Baghdad Today - Baghdad

On Thursday (June 6, 2024), the President of the Republic, Abdul Latif Jamal Rashid, promised the Republic of Iran that it is a very important neighbor of Iraq, while noting that Iraq's relationship with it is good and strong.

Rashid said in a television interview followed by "Baghdad Today," that "Iraq has witnessed a remarkable transformation since the end of the hot phase of violence and terrorism," noting that "the country is currently witnessing security stability, peace and security in Iraq has become a reality now."

"The international community has a duty to exert more pressure to recognize the right of Palestinians to self-determination." , stressing "the need to stop the genocide committed every day against the Palestinian people."

He pointed out that "the relationship between the federal government and the Kurdistan Regional Government is full cooperation."

"Iran is a very important neighbor of Iraq and our relationship with it is good and strong and is being developed continuously in various fields," he said.