Iraqi News Highlights Tuesday Evening 1-31-23

Iraqi News Highlights Tuesday Evening 1-31-23

Tlm724 Administrator Bondlady’s Corner

Parliamentary Finance Decides To Host The Ministers Of Finance And Planning Regarding The 2023 Budget

Political | 03:51 - 01/31/2023  Parliamentary Finance decides to host the Ministers of Finance and Planning regarding the 2023 budget   https://www.mawazin.net/Details.aspx?jimare=218066

The Ministry Of Interior Confirms The Arrest Of A "Good" Number Of Currency Speculators

Economie| 01:54 - 01/31/2023   Baghdad - Mawazine News, Director of Financial Crime Control at the Ministry of Interior, Brigadier General Qabas Haider Muhammad, confirmed today, Tuesday, the arrest of a "good" number of currency speculators.

Muhammad said, "Daily campaigns have been organized, regarding the rise in the exchange rate of the dollar in the local markets, to monitor manipulators and conflicting parties who do not have original approvals and are outside the legal context, and a number of them have been arrested, and they will be punished according to the law."

In a press conference, Muhammad pointed out that "there is no specific number for the arrested monopolists of the dollar," noting that it is a "good number, and legal measures have been taken against them."

He added, "There are 28 official outlets and banks, and therefore the continuous and continuous campaigns include those exploiters who do not have the approvals and fundamentals of trading to limit them." Ended   https://www.mawazin.net/Details.aspx?jimare=218053

Central Bank: We Did Not Indicate Any Increase In The Spread Of Counterfeit Currencies

01/31/2023  Baghdad - Mawazine News, the Central Bank clarified, on Tuesday, the mechanism for identifying counterfeit local currencies, and while indicating that the counterfeiting is weak, and is discovered by the public, it confirmed that it did not indicate any increase in this regard.

And the Central Bank’s advisor, Ihsan Al-Yasiri, said, “The Iraqi banknotes categories (10 thousand dinars, 25 thousand dinars, and 50 thousand dinars) include a transparent window, which has become one of the strongest paper currencies issued by the Central Bank, and it is a court paper with a transparent window and one of its characteristics is the appearance of an image of malawi. It has a white background, and it also shows the category number if the background is black.”

Al-Yasiri added, in an interview with the official news agency, which was followed by Mawazine News, that "counterfeiting currency is weak and bad, and is often discovered by the public, the banking sector, and the central bank."

He stressed that "the banknotes currently in circulation are issued by the Central Bank, and that the counterfeit notes are clear," noting that "the Central Bank did not indicate any increase in the rate of currency counterfeiting."    https://www.mawazin.net/Details.aspx?jimare=218058

Washington: We are ready to work with Baghdad to build a world-class electricity system

Economie| 02:07 - 01/31/2023  Baghdad - Mawazine News  , the US Ambassador to Iraq, Elena Romanowski, affirmed, on Tuesday, her country's readiness to work with the Iraqi government to build an electricity system "on a global level."   https://www.mawazin.net/Details.aspx?jimare=218054

The US Ambassador Confirms Her Country's Refusal To Let Iraq Be An Arena Of International Conflict

Political 04:32 - 01/31/2023   Baghdad - Mawazine News, the US Ambassador, Alina Romanowski, confirmed today, Tuesday, her country's refusal for Iraq to be an arena of international conflict.

The media office of the advisor said in a statement, a copy of which was received by Mawazine News, that "Al-Araji received the US ambassador to Baghdad, Alina Romanowsky, to discuss the latest developments in the political and security situation in Iraq and the region, as well as discuss the file of the Syrian Al-Hawl camp, and the continuation of cooperation and partnership in the field of combating terrorism.”

Al-Araji stressed, according to the statement, that "Iraq is working to activate the strategic framework agreement in the economic, trade and cultural fields, as well as activate bilateral agreements between the two countries."

For her part, the US ambassador indicated, according to the statement, that "the focus on the economic aspect will be on the dialogue table with the Iraqi foreign minister during his travel to Washington," stressing her country's refusal for Iraq to be an arena of international conflict.

https://www.mawazin.net/Details.aspx?jimare=218070

Oil Prices In World Markets

Economie| 09:02 - 01/31/2023   Follow-up - Mawazine News  Oil prices fell in early Asian trading, on Tuesday, after falling by more than 2 percent in the previous session due to the threat of raising interest rates and the continued inflows of Russian crude.   Brent crude futures rose 5 cents to $84.85 a barrel by 04:25 GMT.   West Texas Intermediate crude futures fell 32 cents to $77.58. Ended 29/N33

https://www.mawazin.net/Details.aspx?jimare=218017

Changes In The Finances.. Ending The Assignment Of The Director Of The Customs Authority And Transferring Him To Manage The Presidency Of The Insurance Company

political| 05:09 - 01/31/2023   Baghdad - Mawazine News   Today, Tuesday, the Minister of Finance, Taif Sami, issued a decision to transfer the Director General of the Customs Authority, Shaker Al-Zubaidi.

An informed source said, "The Minister of Finance assigned Hassan Al-Agaili to head the General Authority for Customs."  He added, "Sami assigned Shaker Al-Zubaidi to head the National Insurance Company."   https://www.mawazin.net/Details.aspx?jimare=218071

To read more current and reliable Iraqi news please visit BondLady’s Corner:

 https://www.bondladyscorner.com/

The 6 Most Recession-Proof Industries

The 6 Most Recession-Proof Industries

By Toptal Talent Network Experts

Recession-proof industries either provide an absolute necessity that consumers will always keep purchasing, or have characteristics that are conducive to experiencing increased demand in downturns.

For what seems like an endless Groundhog Day-like existence, we have heard on the news that a recession is imminent. Analysts will point to an obscure chart that shows it’s coming; someone will then retort with a “correlation does not imply causation” kickback. We hear about this so much because it breeds fear; recessions can be catastrophic for businesses and consumers.

Some types of businesses don’t have as much fear about recessions though, because they actually perform resiliently–if not strongly–during them. What are these recession-proof industries, and what characteristics have contributed to this luxury?

What are Recession-Proof Companies?

All companies strive for growth and strong earnings, no matter what conditions their underlying economies are under. Yet some fail, due to being naive about their true customer loyalty, product/service positioning, and/or a failure to comprehend the contagion that can seep in from elsewhere. Three-quarters of companies experience a revenue decline during a recession, yet 14% actually experience revenue and profitability growth.

Institutional investors class recession-proof stocks as “defensive”: businesses that have been proven to be resilient to economic shocks, the caveat being that their performance is not as stratospheric as others during better times. Goldman Sachs’ basket of defensive companies have returned 11% over the past year to September 2019, during which the S&P 500’s return has just been 1.9%.

To be recession-proof though, a business must either be providing something that is a high enough priority that even the most frugal consumer will still buy, or conversely, is one that sees demand rise due to the tough conditions that the economy is under.

The following chart tracks the growth of a variety of sectors during the 2008/09 recession, where it’s clear to see that a number of industries mentioned performed strongly due to their recession-proof characteristics.

Performance of Company Types During the Great Recession (2008-09)

 Below are some examples of Industries that have Recession-proof tendencies. Pay specific attention, not to the product/service, but the behavior around it which establishes its “defense.”

Household Staples: Sustenance

The term “staples” is key here, as it’s referring to the basic, everyday items that we need for nutritional sustenance and personal hygiene. So think bread over caviar and soap over fake tan.

To continue reading, please go to the original article here:

https://www.toptal.com/finance/financial-analysts/recession-proof-industries

"China Sold $102 Billion US Treasuries " Jim Rickards

China SOLD $102 Billion US Treasuries, FAILED Debt Ceiling Deal Triggers US Recession | Jim Rickards

Two Dollars investing:  1-31-2023

The benchmark 10-year U.S. Treasury yield rose 0.31% to 3.473% and the two-year yield rose 0.21% to 4.146% on Jan. 26 as a fresh round of selling of U.S. Treasuries continued.

The U.S. debt ceiling issue has put tremendous pressure on the U.S. Treasury market. Ron O'Hanley, chief executive of State Street, warned that U.S. Treasuries could lose their traditional safe-haven role if the U.S. credit rating is downgraded.

Two days ago, several Fed governors reiterated their support for raising the target rate above 5% as soon as possible to show their determination to fight inflation.

 James Bullard, president of the St. Louis Fed, also expected the rate range to rise to 5.25%-5.50%, shocking the US bond market.

U.S. financial research firm Zero Hedge cited a recent analysis by Bill Gross on Jan. 21 that continued high U.S. inflation has hedged some of the gains in U.S. Treasuries as dollar interbank rates have risen, amounting to an implicit default.

This allows large institutional investors in U.S. Treasuries, including China, Japan, Germany and others, to continue to sell U.S. Treasuries.

https://www.youtube.com/watch?v=rUoTSN3RiCE

Tuesday Evening News With MarkZ ($3.48 Possible Rate) 1-31-2023

Al-Sudani says 3.48 (credit to Nader) Evening News with MarkZ 01/31/2023

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

Mod:  GOOD EVENING EVERYONE! HOPE YOU ALL ARE HAD AN AWESOME DAY!

Member:  Nader was sure tickled wasn`t he to share that with us?

Member: This came from Sudani supposedly on TV. He is the Prime Minister . Let’s see what Mark has to say .

MZ: All credit goes to Nader from the Mid East for this news. Everyone be sure to go to his video and like and share them. Thank you Nader. You can find him on youtube under Nader from the Mid East.

MZ: Nader gives us on the ground updates. He is Iraqi, his family still lives there. Basically Al Sudani says hes going to put back the dollar to the true, real value of $3.48. Sudani is wildly popular with the people and he when he says something…he gets it done. He will not take his eyes off the target and his target is to restore Iraq to its former glory and to move forward to be a key player on the world stage.

MZ:  This is coming from Nader and local sources in Iraq.  

Mod: Nader from the Middle East:  1-31-2023  https://www.youtube.com/watch?v=-547WUyCwMg

MZ: The progress Iraq has gotten done under Sudani’s leadership is immense. I told you all the news was a yo-yo ……lots of articles throwing out all sorts of rates…..but watch the hand playing the yo-yo…It’s Sudanis hand….and Sudani is saying he wants a return to value of $3.48

MZ: I believe with the contract rate we still should get more than that with the “Oil for Dinar” contract. We will see.

MZ: But $3.48 is huge. This news is awesome. Sudani is clearly telling us what his goals and expectations are. Just try to ignore all the rest of the smoke out there.

Member: $3.48 is the street rate the contract rate will be different

Member: Was it really 1 Dinar = $3.48 or is it $1 = 348 Dinar? It wasn't clear to me

MZ: He said $3.48  $3 dollars and .48 cents……Sudani is  looking to restore it like he said all along.

Member: I don't think we have full RV just Iraq. No 800 number just bank when it hits forex.

MZ: My banks do not believe Iraq is going solo. They believe it is all going at once and Iraq is forcing it by saying they are going alone…..that is what I am hearing

Member: People don't be confused! 1 Dinar = $3.48 usd That is the rate Nader and Mark are talking about!

Member: $3.48is plenty for me and mine

Member: So at 3.48 what would a million dinar be anyone.?

Member: $3 million 480 thousand US dollars. $3,480,000.00

Member:  We were told for YEARS that no one would know the rate until we got to the bank. I'm not believing this

Member: ( From Dinar Guru)  Mnt Goat   WOW! So much news once again about the dinar and... today we are hearing many surprises...The CBI is going to allow any currency to be accepted by the banks in addition to dinar and US dollars. But also to pay for imports and the bills of merchants with other currencies, besides dinar but including dinar. Folks we have been waiting a long time to hear such good news.  ...we are going to get the reinstatement very shortly now. Just hang tight a bit longer.

MZ: So Mountain Goat who usually looks at the worst case……is in the same boat we are….excited. All credit goes to Mountain Goat for that one.

Member: Charlie Ward says Germany is looking to join BRICS and that spells the end of the Euro.

MZ: I have heard this as well…and news stories from different German press agencies that Germany is actively looking to join BRICS. Worst case scenario- Germany joins BRICS and tank the Euro..that will then spill into the US. The game will then be over.

Member: Egypt just joined BRICS.

MZ: Yes ….that was in the news yesterday . This was huge news.

MZ: There are still a number of whales in locations all over the world …looking at and expecting things this evening ….We will see. I still believe we will see it extremely soon but if we don’t see it tonight I certainly won’t be jumping off a bridge, especially with Sudani’s comments in Iraq’s local markets today.

MZ: Also today was behind closed door meetings at the Federal Reserve. They were discussing monetary policy issue and Iraq. It could be important.  

Member: Working on remaining calm and patient, but...Oh please Oh please Oh please let it happen tonight!

Member: I'm not getting excited until after I leave the bank. This could be another bust.

Member:  This is worst car trip in history, dads running red lights, moms got anxiety, big bro pulling my pigtails, eating my lollies, baby has packed their diaper I’m stuck in middle screaming RV there yet

Member: Groundhog Day is Feb 2, That is kind of funny.

Member: Hoping Punxatawny Phil see his RV shadow.

MZ: When this is all done I am looking forward to a really long nap

Member: Thanks Mark and mods…..may be a amazing night tonight….see you in the morning

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

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

 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

The next stream is tomorrow at 10 Am est……..unless.

https://www.youtube.com/watch?v=y8v_rjNbUsU

Tuesday "Vietnam News" Posted by Henig at KTFA 1-31-2023

KTFA: Vietnem: 

Henig:  Technology and telecommunications businesses benefit from digital economy

January, 31/2023 - 08:06

Even under the attraction of the field of telecommunications technology, mergers and acquisitions activities in this industry have been promoted.

HÀ NỘI — Technology and telecommunications businesses are expected to continue to benefit from the growth of the digital economy.

Even under the attraction of the field of telecommunications technology, mergers and acquisitions activities in this industry have been promoted.

Analyst Chu Đức Toàn from VNDirect Securities Joint Stock Company said the digital transformation revenue growth rate is expected to be up 18 per cent this year compared to last year and could double that of traditional IT services, showing great potential in the market.

Like the rest of the world, the Vietnamese economy is also undergoing digital transformation.

According to the National Digital Transformation Program to 2025, with a longer-term vision to 2030, Việt Nam's digital economy will account for 20 per cent of GDP by 2025.

Việt Nam has launched the "Make in Việt Nam 4.0" Program to prepare for the Fourth Industrial Revolution.

This programme will facilitate the development of new industries and encourage new policies, thinking and technologies in line with Industry 4.0 and ambitions towards the digital economy.

In the context of strong digital transformation, the Government, organisations and businesses in Việt Nam have actively received and participated in activities to catch up with the trend of the Fourth Industrial Revolution.

The government is promoting the development of the digital economy through a series of mechanisms and policies. These policies have recently been reinforced by the Prime Minister's Directive No 16/CT-TTg on strengthening the accessibility to the Fourth Industrial Revolution.

According to the e-Conomy SEA 2021 report by Google, Temasek and Bain, Việt Nam's digital economy is predicted to reach a value of US$52 billion by 2025, with a compound growth rate of 24 per cent and ranking third in Southeast Asia.

Việt Nam is also a pioneer in 5G technology. 5G network opens a new era for a series of technologies in Việt Nam, which is among the countries with the fastest internet growth globally.

According to Internet World Stats, internet subscribers have increased 343 times from 2000 to 2021.

The growth potential for fixed broadband internet in Việt Nam is still outstanding, with the coverage rate at about 21 subscribers/100 people, which is relatively low compared to the Southeast Asia average of 38 subscribers/100 people. 

Việt Nam has become one of the pioneer countries to successfully set up phone calls on the 5G technology platform.

Cisco forecast that the number of 5G subscribers in Việt Nam will reach 6.3 million by 2025.

Moreover, the early deployment of 5G services could help Vietnamese mobile carriers increase revenue by $300 million annually starting in 2025.

Việt Nam may soon become one of the first Southeast Asian countries to launch a 5G network, with domestic telecommunications companies racing to develop the first national network (Viettel, Vinaphone, Mobifone).

With the advent of breakthrough 5G technology, technology firms face many opportunities to develop modern applications to diversify their products and services.

There is also a high demand in the data centre market in Việt Nam. The Vietnamese government's digitalisation trend has facilitated increased demand for data centres nationwide.

Moreover, converting enterprise data to the cloud platform drives the Vietnamese data market.

This has led to an increase in the application of data storage solutions, which will positively affect the market's growth.

In addition, the rising adoption of big data, the Internet of Things (IoT) and cloud-based technology solutions, among others, are expected to accelerate and drive market growth until 2026.

According to research and reporting firm Research And Markets (Ireland), Việt Nam's data centre market is forecast to grow at a compound rate of over 14.6 per cent until 2026.

With political and social stability, and few natural disasters like earthquakes, experts from VNDirect said that Việt Nam has the necessary characteristics to become a big data centre market in the region.

Toàn said that mergers and acquisitions (M&A) activities are promoted under the attraction of the technology sector.

In recent years in Việt Nam, the M&A market in the technology sector has been growing rapidly, especially in enterprises that own or invest in advanced technology and have a large customer database.

The difficult global economy opens up opportunities for businesses with large amounts of cash; despite widespread uncertainty, technology M&A activities are continued and fueled by strong private capital flows.

Although conditions in capital markets have tightened in the first half of last year, many businesses still have large amounts of cash ready to be disbursed.

Among the listed technology companies in Việt Nam, for example, FPT Joint Stock Company is an enterprise with abundant cash, and has actively carried out many M&A deals in the past two years. 

— VNS LINK

************

Henig:  Vietnam posts trade surplus of 3.6 billion USD in January

10:03 | 31/01/2023

Despite decreases in both imports and exports, the country still enjoyed a trade surplus of 3.6 billion USD in the first month of 2023, according to the General Statistics Office (GSO).

The office reported that in the month, total import-export turnover reached 46.56 billion USD, down 17.3% over the previous month and 25% year on year, with exports dropping 21.3% to 25.08 billion USD, and imports falling 28.9% to 21.48 billion USD.

While the domestic sector saw a trade deficit of 1.04 billion USD, the foreign-invested sector (including crude oil) posted a surplus of 4.64 billion USD.

Experts attributed the result to the long New Year and Lunar New Year (Tet) holidays, which were all in January, reducing the number of working days. Last year, the Tet holiday fell in February.

The GSO reported that the manufacturing-processing sector earned the highest export revenue with 22.32 billion USD, accounting for 89% of the country’s total.

Meanwhile, there were three goods groups with imports of over 1 billion USD.

In January, the US remained the biggest importer of Vietnamese goods with a revenue of about 7.6 billion USD, while China was the biggest exporter to Vietnam with 8.1 billion USD.

The GSO held that many countries are facing the threat of inflation and economic recession, leading to reduction in global consumption, thus affecting Vietnam’s import-export activities.

Export activities showed signs of slowing down from the fourth quarter of 2022 with fewer orders, it said, adding that 2023 is likely to be a tough year for Vietnam’s import-export.

According to the Ministry of Industry and Trade (MoIT), Vietnam’s exports depend on many outside factors, but tax reduction from free trade agreements that Vietnam has joined and the strengthening of socio-economic recovery and development will motivate exports this year.

In 2023, the MoIT sets a target of a 6% rise in goods export revenue, with trade surplus maintained.

Source: VNA    LINK

Henig:  Việt Nam attracts $1.69 billion in foreign investment in January

January, 31/2023 - 08:57

One bright spot in January was that 153 new foreign-invested projects, valued at $1.2 billion granted licences, up 48.5 per cent in number and 3.1 times in value which was a signal to confirm the confidence of foreign investors in the investment environment of Việt Nam, the FIA said. 

HÀ NỘI — Việt Nam lured US$1.69 billion worth of foreign investment in the first month of 2023, down 19.8 per cent year-on-year, according to the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment.

One bright spot in January was that 153 new foreign-invested projects, valued at $1.2 billion, were granted licenses, up 48.5 per cent in number and 3.1 times in value, which was a signal to confirm the confidence of foreign investors in the investment environment of Việt Nam, the FIA said. 

During the month, capital added in operating projects by foreign investors saw a yearly decline of 76 per cent to $306.3 million while their capital contributions and share purchases also declined 61 per cent year-on-year to over $174 million. 

At the same time, disbursed capital also witnessed a decline of 16.3 per cent to an estimated $1.35 billion in the first month, the FIA said, adding that the processing and manufacturing industry saw $1.05 billion worth of foreign investment disbursed, making up 77.6 per cent of the total. 

Since January saw two long holidays - New Year and Lunar New Year, the decrease recorded in registered foreign investment capital, or even disbursement, had not yet reflected the general trend of foreign investment capital flows to Việt Nam in 2023, according to the agency. 

Projects related to wholesale, retail, and repair of automobiles and motorised vehicles accounted for the lion’s share of the total registered sum, at 54.1 per cent or $651.9 million. They were followed by those in the processing and manufacturing industry, which together registered $351.2 million in capital or equivalent to 29.1 per cent and those in other sectors at $202 million or 16.8 per cent. 

Also in January, 28 foreign countries and territories invested in Việt Nam. Singapore was the largest with $767.6 million, followed by China with $198.2 million.

Meanwhile, Vietnamese investors poured $126.7 million into their projects overseas, increasing by 3.4 times against the same month in 2022.

Among three countries and territories receiving investment from Việt Nam, South Korea was the leading country with $125.1 million, accounting for 98.7 per cent of total investment capital; followed by Thailand ($1.5 million or 1.2 per cent); and Laos ($140,000 or 0.1 per cent). 

Foreign investment bonanza

Việt Nam is expected to attract a lot of FDI this year due to its impressive economic performance in 2022, improved business climate and the advantages brought by the free trade agreements it has signed, experts said.

Đỗ Văn Sử, deputy director of the Department of Foreign Investment, said Việt Nam is likely to attract $36-38 billion worth of FDI in 2023.

South Korea, Japan and Taiwan (China) are expected to be among the main sources of investment as they continue to pump money into Southeast Asia.

Economist Lê Đăng Doanh said the country needs to further speed up administrative reforms, improve its investment environment and ensure policy stability.

Minister of Planning and Investment Nguyễn Chí Dũng said priority would be given to projects that use new and green technologies and have high added value.

Though there are admittedly still problems related to human resource quality, Việt Nam remains an appealing destination for foreign investors due to its supportive policies, he added.

A recent survey done by the Ministry of Planning and Investment found 76 per cent of enterprises saying they were satisfied with the Government’s support policies. 

They were most satisfied with the VAT waiver and reduction policies, and those to stabilise gasoline prices, improve the work permit issuance process and customs clearance procedures, and support import- export and workers’ livelihoods.

To continue to attract foreign investment, Dũng said it is vital for Việt Nam to develop innovation and financial centres at the regional and international levels. 

It is also important to stabilise the economy and improve infrastructure and the quality of human resources, he added.

Last year FDI was worth nearly $22.4 billion, according to the General Statistics Office.

Of the more than 100 nations and territories investing last year, Singapore topped with $6.46 billion, followed by South Korea ($4.88 billion) and Japan ($4.78 billion). 

They invested in 54 provinces and cities of which HCM City attracted the most: $3.94 billion. 

Bình Dương was second with $3.14 billion and Quảng Ninh was third with $2.37 billion. 

— VNS   LINK

************

Henig:  Foreign suppliers have paid taxes worth $76.7 million via official portal

January, 31/2023 - 08:38

The General Department of Taxation’s portal https://etaxvn.gdt.gov.vn/nccnn/Reques was exclusively developed for foreign suppliers and put in place on March 21 last year.

HÀ NỘI — Foreign suppliers have paid taxes worth VNĐ1.8 trillion (US$76.7 million) via the official portal serving their operations in Việt Nam.

Of the sum, Meta (Facebook) contributed 34.5 million EUR, Google $28.8 million, and Apple VNĐ174 billion.

The General Department of Taxation’s portal https://etaxvn.gdt.gov.vn/nccnn/Reques was exclusively developed for foreign suppliers and put in place on March 21 last year.

So far, it has seen 45 suppliers registering and paying taxes.

The General Department of Taxation said that this was a very good signal in the co-ordination of tax declaration and collection between Vietnamese tax authorities and foreign suppliers right from the beginning of the new year.

This shows the trust, prestige and serious observance of tax laws by foreign suppliers for e-commerce and digital-based business activities in the territory of Việt Nam.

The total tax collected through the electronic portal for foreign suppliers is VNĐ3.4 trillion as of the end of last year.

Notably, six suppliers including Google, Facebook, Microsoft, TikTok, Netflix, and Apple - the units that hold the majority of market share in e-commerce service revenue doing business on cross-border digital platforms in Việt Nam – have registered, declared and paid tax in Việt Nam.

However, besides the above figures, tax administration for e-commerce activities and business on digital platforms still faces many challenges for the tax industry.

— VNS   LINK

************

Henig:  PM inspects national key transport projects

09:36 | 31/01/2023

The first phase of the 652.86km North-South Expressway has 11 component projects, three of which are invested in public-private partnerships (PPP). The rest, including the Mai Sơn-National Highway 45 project, are funded with public investment.

Prime Minister Phạm Minh Chính has asked the ministries, agencies, localities and investors of several national key transport projects to hasten their implementation without sacrificing quality.

PM made the request while inspecting the Mai Sơn-National Highway 45 project, which passes through the northern Ninh Bình Province and is a part of the North-South Expressway.

The first phase of the 652.86km North-South Expressway has 11 component projects, three of which are invested in public-private partnerships (PPP). The rest, including the Mai Sơn-National Highway 45 project, are funded with public investment.

The Mai Sơn-National Highway 45 section has a total length of 63.37km and an investment of VNĐ12.11 trillion (US$561.03 million). Its construction started in September 2020 and is scheduled for completion on April 30, 2023. So far, 83.7 per cent of all workload has been finished.

PM Chính took the occasion to pay New Year's visits to workers in construction sites along the route and relocated residents at the resettlement area in Đông Minh Commune, Đông Sơn District of central Thanh Hoá Province.

He later moved on to examine the Diễn Châu-Bãi Vọt project, another component of the North-South Expressway, which connects Nghệ An and Hà Tĩnh provinces.

The PM held a working session with relevant ministries, sectors and localities implementing the North-South Expressway component projects in the first and second phases.

On Sunday, PM Chính asked the southern province of Đồng Nai to complete the handover of cleared ground for the first-stage construction of Long Thành International Airport by the end of this first quarter.

During a working session with ministries, agencies, localities and stakeholders of the project, after making a fact-finding trip earlier the same day to the construction site, he assigned them responsibility for the work under their watch and solving existing issues.

The Government has directed the establishment of a working group led by Deputy Prime Minister Trần Hồng Hà to oversee and speed up the project, PM Chính revealed.

He requested the investor to make a specific plan for each item at a specific time while supervising the implementation of the tasks. Local authorities must focus on handling the site clearance work, accelerating progress while ensuring the quality of the project, and avoiding dividing bidding packages.

By the end of the first quarter of 2023, the entire site for the first phase must be handed over for the project's construction. By the end of the second quarter of this year, he said the site for construction of the logistics road and the access road to the airport must be ready.

Covering a total area of more than 5,580ha, the Long Thành International Airport will spread across six communes in the Long Thành District in Đồng Nai Province. The airport’s total investment is VNĐ336.63 trillion ($14.6 billion), with construction divided into three phases.

In the first phase, a runway and one passenger terminal, along with other supporting facilities, will be built at a cost of VNĐ109.112 trillion to serve 25 million passengers and 1.2 million tonnes of cargo each year.

The project started in 2021. Once fully completed by 2050, the airport will be able to handle 100 million passengers and 5 million tonnes of cargo annually.

Located 40km east of HCM City, the airport is expected to relieve overloading at Tân Sơn Nhất International Airport in the southern metropolis, now the country’s largest airport.

PM Chính and the delegation also visited the resettlement area for those who are affected by the project in Lộc An and Bình Sơn communes in Long Thành District. The resettlement area has an area of 280ha, giving accommodation for 7,000 households. Currently, about 1,500 households are living in the area.

Source: VNS   LINK

How the Loss of World Reserve Currency Status Impacts Everything : Lynette Zang

How the Loss of World Reserve Currency Status Impacts Everything

Lynette Zang:  1-31-2023

Get ready to dive into the evolution of the loss of the US' world reserve currency status.

 Join Lynette Zang, Chief Market Analyst at ITM Trading, as she discusses the impact of this shift on the US economy and its citizens.

With Saudi Arabia no longer bound to use the US dollar for trade, governments, corporations and individuals holding dollars may no longer need to use them.

This could lead to the return of hyperinflation and the loss of the US' status as the world reserve currency.

Don't miss this informative and crucial analysis on the petro dollar system and the latest developments in oil price stability.

Chapters:

0:00 Hiding in Plain Sight

 1:22 USD Currency Lifecycle

5:20 Saudi Arabia and Opec +

7:09 Federal Debt Held by Foreign and International Investors

9:16 Debt Ceiling Limit

11:52 Banks Buying Gold

14:12 FDIC Plans for Collapse

https://www.youtube.com/watch?v=6NQSRpCccRM

Iraqi News Highlights Tuesday Afternoon 1-31-23

Iraqi News Highlights Tuesday Afternoon 1-31-23

Tlm724 Administrator Bondlady’s Corner

Saleh: Iraq Is Seeking Full Membership In The International Financial Action Organization

Economie| 12:55 - 01/31/2023   Baghdad - Mawazine News, the financial advisor to the Prime Minister, Mazhar Muhammad Salih, confirmed, on Tuesday, Iraq's efforts to obtain full membership in the International Financial Action Organization.

Salih said, "The first amendment to the Iraq Money Recovery Fund Law No. 7 of 2019 added an explicit text contained in the provisions of Article 14 of it, indicating that the government is obligated when concluding investment or economic agreements with any country that has funds for Iraq covered by the provisions of this law to conclude agreements." with those countries to recover the money," according to the official news agency.

He added, "What the prime minister signed during his recent visit to France regarding money laundering crimes is based on the text of Article 14 of the law," noting that "Iraq is seeking full membership in the International Financial Action Organization, which is based in Paris and belongs to the Organization for Economic Cooperation and International Development." Concerned in the field of international cooperation to combat money laundering activities, crime funds and terrorism.

He continued, "Iraq has been an active member since 2004 in the International Financial Action Organization for the Middle East and North Africa region through the active role of the Anti-Money Laundering and Terrorist Funds Office in the Central Bank of Iraq, which operates in accordance with Law No. 39 of 2015 and provides legal cover for international cooperation, in order to preserve On the funds of the Republic of Iraq, in addition to the active role played by the Supreme Council for Combating Money Laundering, which is approved by law in adopting controls and proposing the necessary regulations and legislation to protect public money. https://www.mawazin.net/Details.aspx?jimare=218043

Parliamentary Finance Discusses With The Governor Of The Central Bank The High Exchange Rates Of The Dollar

Money and business  Economy News-Baghdad  The Parliamentary Finance Committee discussed, on Tuesday, with the governor of the Central Bank, the high exchange rates of the dollar.

A statement by the House of Representatives media department stated that "the Chairman of the Finance Committee, Atwan Al-Atwani, and in the presence of the members of the committee, received the Governor of the Central Bank, Ali Mohsen Al-Alaq, at the committee's headquarters."

The statement added that "during the meeting, the issue of the fluctuation of the exchange rates of the Iraqi dinar against the dollar and the possibility of controlling it to preserve the market was discussed, as well as a discussion of its repercussions on citizens and the steps of the Central Bank and the procedures followed by it."   https://economy-news.net/content.php?id=32189

A Deputy Reveals The Existence Of "Huge" Money That Banks Give To Influential People And Smuggles Out Of The Country

Tuesday 31 January 2023 14:08 | political Number of readings: 394  Baghdad / NINA /- The representative of the State of Law Coalition, Muhannad Al-Khazraji, revealed huge funds granted by banks to influential personalities, / he did not name them / under the title of loans, indicating that these funds are smuggled abroad and are not invested inside the country.

Al-Khazraji said in a statement: "Some influential people are taking advantage of financial and administrative corruption to obtain huge amounts of money from banks and smuggle them out of the country under the headings of trade, investment and others."

And between: "The guarantees that are imposed on these amounts are not real, amounting to less than 5% of the borrowed amount."

Al-Khazraji explained: "This money is from the state's budget and is deducted from the people's sustenance," noting that "the continuous thefts will negatively affect the entire economic situation, and will work to perpetuate the dollar crisis and currency smuggling."

And he stressed: "The need for the Supreme Anti-Corruption Authority to intervene by following up on this important file, holding the defaulters accountable, and ending the rampant corruption in banks, especially those that grant commercial loans."/ End 7

https://ninanews.com/Website/News/Details?Key=1030215

The Central Bank announces Iraq's acceptance of the "Egmont" group to combat money laundering

Tuesday, January 31, 2023 8:00 PM Baghdad / The National News Center  The Central Bank of Iraq announced, today, Tuesday, that Iraq has accepted the Egmont Group of Financial Intelligence Units concerned with providing support to governments in combating money laundering, terrorist financing, and other financial crimes.

The bank stated in a statement, received by the National News Center, that “the efforts made by Iraq represented by the Anti-Money Laundering and Terrorism Financing Office in the Central Bank of Iraq culminated in obtaining approval for the office’s nomination to join the Egmont membership of the financial investigation units after the approval of the heads of the financial investigation units during The group meetings to be held during next July.

The statement added that “the report of the field visit to the Republic of Iraq that was carried out by representatives of the sponsoring countries was discussed,” noting that “during the meeting of the Working Group on Membership, Support and Commitment MSCWG held in Senegal on 1/31/2023, the group ended after the presentation of the report by the representatives of the sponsoring countries. To nominate the office for membership in the Egmont Group with full membership during the July 2023 meetings.

It is worth noting that “the Egmont Group includes 167 countries so far and is working to facilitate the exchange of information on criminal proceeds, money laundering and terrorist financing at the international level by providing the office with a secure communications network with countries of the world, which contributes to following up the movement of funds internationally and strengthening financial investigation procedures to reach operations Recovery of funds and assets,”

pointing out that “the support provided by the group includes expanding the scope and organization of international cooperation in the exchange of financial intelligence information, increasing the effectiveness of financial information units by providing training and exchanging employees to improve the expertise and capabilities of employees, and enhancing safe communication between units through Technology application via the Egmont Secure Network.     https://nnciraq.com/183638/

International Islamic Bank: The Central Bank Of Iraq Will Soon Adopt The Merchant's Deposit In Dinars

Tuesday 31 January 2023 14:50 | Economical Number of readings: 254 Baghdad / NINA / - The International Islamic Bank announced that the Central Bank of Iraq will soon approve the merchant's deposit in dinars and receipt of the dollar according to the bank address in the country from which it is imported.

And the Islamic Bank stated in a statement: "The Chairman of the Board of Directors and Managing Director of the International Islamic Bank met with the Deputy Governor of the Central Bank and the Consultant, and in the presence of the general managers and other invited banks."

He added: "The instructions that will be issued soon have been consulted about the ceilings of remittances and the mechanism of credits and the simplification of procedures in order to facilitate international trade services for merchants of all kinds (individuals and companies), and the issuance of credits and transfers according to specific ceilings in a way that regulates the new banking work for the next stage and approving the merchant's deposit in dinars to the bank." Private and receive a dollar according to the bank address (Ibn number) in favor of the bank account in the country from which it was imported./ End 7    https://ninanews.com/Website/News/Details?key=1030223

A New Rise In The Exchange Rates Of The Dollar Against The Dinar

Economie| 10:19 - 01/31/2023   Baghdad - Mawazine News  Today, Tuesday, the exchange rates of the dollar witnessed a slight increase in the local markets.  Selling price: 167,500 dinars per 100 dollars . Buying price: 167,000 dinars per 100 dollars.   https://www.mawazin.net/Details.aspx?jimare=218023

The Central Bank Meets With Banks To Discuss The Dollar Crisis

Economie| 10:09 - 01/31/2023  Baghdad - Mawazine News  An informed source said, on Tuesday, that a meeting had begun at the Central Bank to discuss the crisis of the dollar's high exchange rate.

The source told Mawazine News, "A short time ago, a meeting began in the Central Bank building, in the presence of all banks."   The source, who asked not to be named, added that "the meeting comes to discuss the dollar crisis."   https://www.mawazin.net/Details.aspx?jimare=218022

To read more current and reliable Iraqi news please visit BondLady’s Corner:

 https://www.bondladyscorner.com/

The Eight-State Suicide Pact Is Advancing Quickly...

The Eight-State Suicide Pact Is Advancing Quickly...

January 30, 2023  By Simon Black

By the early 300s AD, ancient Rome’s population was in significant decline.  Modern historians haven’t nailed down a precise number for Rome’s population— and estimates vary— but the clear consensus is that population peaked in the first or second century AD, and then began a rapid fall.

We know the reasons why. Roman citizens were sick and tired of the corruption, inflation, taxes, crime, social decline, constant chaos, etc. and they sought greener pastures elsewhere.

Bear in mind that this was happening at a time when the barbarian invasions had already begun. Every year there were more and more border incursions from the Goths, Alemanni, etc., many of whom stayed and settled in Roman territory.

This is important to understand; even though Rome was gaining population from these migrant tribes, its overall NET population was still declining.

This means that the number of Roman citizens leaving must have been staggering.

But Emperor Diocletian decided to put a stop to all of it, and in the late autumn of 301 AD, he proclaimed his infamous Edictum De Pretiis Rerum Venalium, or Edict on Maximum Prices.

In addition to setting strict wage and price controls on EVERYTHING across the empire (in an absurd attempt to ‘fix’ inflation), Diocletian also ordered for taxes to increase... AND for everyone to be tied to the land.

No one could leave. No one could quit their job. All occupations were made herediatry, so children had to follow their parents’ profession. It was essentially the start of the feudal system.

Naturally Diocletian’s decree did not have its desired effect. Despite the emperor imposing the death penalty on anyone who did not comply, Roman citizens flouted the rules, and the population declined even more.

It’s hard to not think of this story when reading about the nascent suicide pact being discussed between several of the most ultra-progressive, high tax US states.

Earlier this month, the states of California, Connecticut, Hawaii, Illinois, Maryland, Minnesota, New York and Washington each introduced bills to impose state-level wealth taxes on residents.

This is not a coincidence. Politicians are deliberately coordinating with their counterparts in other states to ensure that the legislation passes in ALL of the eight states.

As one state senator put it, they are working together to ensure they don’t “get pitted against each other.”

Heavens forbid there’s actually competition among the states to reduce their tax rates and attract the most productive talent and businesses. That would be unthinkable.

So instead they’re all signing up for a terrible, destructive idea so that they can all be anti-competitive at the same time. It’s genius!

But of course, these people are totally delusional.

These are the states who, like Ancient Rome in the first and second centuries AD, have already been losing a LOT of people.

California has said bye bye to hundreds of thousands of residents over the past few years since the start of the pandemic.

This isn’t a huge number in terms of the state’s overall population. The problem is, though, that a huge percentage of these people fleeing California are wealthy, high-income earners.

In other words, California is losing some of its most valuable taxpayers.

Remember that the top 1% of taxpayers in California pays roughly FIFTY PERCENT of the state taxes. So losing even a few hundred thousand people can be devastating to the state budget.

Ditto for some of the other states who have joined this suicide pact, like New York and Connecticut.

In fact Census Bureau data show these eight states are among those with the fastest declining populations. And those who leave tend to be higher-earning taxpayers. So their state budgets are being gutted.

It’s also clear that the people who leave aren’t going to other high-tax, ultra-progressive states. Californians aren’t leaving en masse so they can live in New Jersey or Illinois.

Instead, they are moving to low tax, low regulation states like Nevada, Idaho, Texas and Florida. And this new wealth tax movement will likely cause an even greater exodus.

Of course, California has a plan for that too. If its wealthier citizens decide to leave, California’s government will simply continue to enforce the tax even AFTER people relocate to another state. Not even Diocletian thought of that!

(Naturally that would be completely illegal, and the State of California’s petty arrogance will be eviscerated by the Supreme Court at some point down the road.)

It’s not just individuals; businesses are also relocating out of these states. A report from the Hoover Institute found that Texas was the number one destination, attracting at least 114 businesses which were previously based in California from 2018-2021.

Obviously this business migration trend is going to have an even deeper impact on California’s state tax revenue.

But, just like Diocletian, they’re willfully taking a bad situation and making it much worse. Rather than simply stop the destructive behavior that’s making everyone want to leave in the first place, the politicians are doubling down and giving people even more incentive to relocate.

It’s hard to imagine that such a level of incompetence could actually be real. And yet it is.

Fortunately this is a very easy problem to solve.

First, it’s important to recognize that, whatever these politicians promise, their so-called wealth tax is NOT just for the ultra-wealthy.

Perhaps at first it will only affect $50MM+ households. But like nearly all taxes, it will eventually find its way down to the professional class, then upper middle class, etc.

Remember that even the original income tax was first meant to only hit the ultra-wealthy.

But soon the thresholds were lowered and the tax brackets expanded to cast a very wide net.

Same with the Alternative Minimum Tax; it was initially passed as a tax on a handful of people. Today it ensnares millions.

Wealth taxes will likely be no different. The tax base will expand, the tax rates will increase, and before you know it, it will be part of your annual tax ritual. Never underestimate the potential creep of a new tax.

Second, also recognize that where you live ought to be a deliberate decision. Obviously everyone has a personal choice to make. But it’s an important decision, affecting everything ranging from potential wealth taxes, to how your children are being educated (indoctrinated).

It makes sense to examine your values and priorities, and then make a decision about the best place to be. Prioritization is important. No place is perfect. No place will tick every single box on your list. But you will likely find somewhere that matches the most important priorities, plus a few nice-to-have’s.

If taxes and freedom are priorities, you might see a significant boost by moving to another state where your values are shared.

There’s also the possibility of moving abroad, which can often have an even larger impact on lifestyle.

And although US residents are taxed on their global income, you can use the Foreign Earned Income Exclusion to make $120,000 in 2023 without owing taxes to the US. When you double that for married couples, and add in the housing benefit, you’re at roughly $250,000+ in nearly tax-free earnings.

You could also consider going to Puerto Rico— a US territory that sets its own tax rates.

In Puerto Rico you could cut your income tax rate to 4% and your capital gains to 0%. Those who qualify, and meet some other conditions, will owe nothing to the federal government. In many cases you don’t even have to file a federal return anymore.

Even if you’re not ready to go... or you have certain constraints in your life preventing a move at this time, it at least makes sense to consider where you might go just in case you need to make that decision down the road. Do the research and analysis now. It will make life much easier in the future.

To your freedom,  Simon Black, Founder  Sovereign Research & Advisory

https://www.sovereignman.com/trends/the-eight-state-suicide-pact-is-advancing-quickly-145533/

KTFA Members "Tuesday Iraq News" 1-31-2023

KTFA:

Clare:  'Hold the dinar, it is stronger'

A new statement from the Sudanese on the dollar crisis

1/31/2023

Prime Minister Mohamed Shia Al-Sudani pledged to return the exchange rate of the dollar to its original price.  

  Al-Sudani said, in excerpts of an interview conducted with him by colleague Karim Hammadi, which is scheduled to be broadcast on the official channel today, (January 31, 2023), that “the Iraqi dinar is the strongest, and citizens should not acquire the dollar, but rather the dinar,” indicating, “We will seek to return the dollar to its price.” The original, and accustom merchants and businessmen to legitimate trade.  

He added, "Our decision is to provide a housing unit in a city with integrated services," noting that "any official who does not provide solutions to any problem, we will tell him (reliance)."  LINK

Clare:  The central bank meets with banks to discuss the dollar crisis

1/31/2023

An informed source said, on Tuesday, that a meeting had begun at the Central Bank to discuss the crisis of the dollar's high exchange rate.

The source told Mawazine News, "A short time ago, a meeting began in the Central Bank building, in the presence of all banks."

The source, who asked not to be named, added that "the meeting comes to discuss the dollar crisis."

LINK

**************

Clare:  urgent... Central Bank Governor: We will issue decisions to reduce the dollar and two meetings with the American side within two days

1/31/2023

The agency governor of the Central Bank of Iraq, Ali Al-Alaq, revealed the imminent issuance of decisions to reduce the exchange rate of the dollar, which today reached 1670 dinars in the local markets.

A member of the Parliamentary Economy Committee, Barbar Rashid, told the {Euphrates News} agency, "The presence of the governor of the Central Bank to the House of Representatives today to discuss the issue of the rise in the exchange rates of the dollar, as Al-Alaq confirmed that decisions will be issued that are sufficient to reduce the exchange rate."

Rashid added that Al-Alaq "revealed a meeting with the US side in Turkey during the next two days and another meeting on the ninth of next March with the US Federal Bank in Washington."

A member of the Parliamentary Economy Committee expected, "a drop in the exchange rate of the dollar in the coming days, after a series of measures implemented by the government and the central bank."

Raghad Daham     LINK

************

Clare:  The Central Bank will soon adopt the merchant’s deposit in dinars and the receipt of dollars according to the bank address

1/31/2023

Suha Al-Kafai, Managing Director of the International Islamic Bank announced, on Tuesday, that the Central Bank of Iraq will soon approve the merchant's deposit in dinars and receipt of the dollar according to the bank address in the country from which it is imported.

The Islamic Bank stated in a statement that the Chairman of the Board of Directors and Managing Director of the International Islamic Bank attended the meeting with the Deputy Governor of the Central Bank and the Consultant, and in the presence of the general managers and other invited banks.

According to the statement, the instructions that will be issued soon regarding the ceilings of transfers and the mechanism of credits have been consulted and procedures have been simplified in order to facilitate international trade services for merchants of all kinds (individuals and companies), and the issuance of credits and transfers according to specific ceilings to regulate the new banking work for the next stage and approving the merchant’s deposit in dinars to the bank Private and receive a dollar according to the bank address (Ibn number) in favor of the bank account in the country from which it was imported.

Yesterday, Monday, an informed source told Shafaq News agency that the Central Bank of Iraq will hold an "important meeting" today, Tuesday, regarding the crisis of the dollar's high exchange rate in the local market.

Meanwhile, the Chairman of the Finance Committee, Atwan Al-Atwani, met, in the presence of the members of the committee, today, Tuesday, the Governor of the Central Bank, Ali Mohsen Al-Alaq, at the committee’s headquarters.

According to a statement issued by the Media Office of the House of Representatives, during the meeting, the issue of the fluctuation of the exchange rate of the Iraqi dinar against the dollar was discussed, and the possibility of controlling it to preserve the market, as well as discussing its repercussions on citizens and the steps of the Central Bank and the procedures followed by it. 

The price of the dollar against the dinar rose in an unprecedented way recently due to the measures imposed by the United States of America to limit currency smuggling from Iraq.

The Central Bank of Iraq announced, on Monday, January 19, a package of decisions that would restore the foreign currency market to its normal position after the rise in it.

The decisions included the following paragraphs:

1- Allowing the banks participating in the foreign currency buying and selling window to buy any amounts in foreign currency and deposit them with this bank in accounts used for external transfer purposes, and pay interest / returns on those balances according to what this bank decides. 

2- Facilitating the financing of private sector trade through Iraqi banks and meeting the demand for foreign transfers by strengthening the balances of banks with their correspondents in other currencies in addition to the US dollar (Chinese yuan, the euro, the Emirati dirham, the Jordanian dinar, and others).

3- Opening outlets for selling foreign currency in government banks to the public for travel purposes (treatment, Hajj Umrah, study, etc.)

4- Reducing the selling price of the dollar to the beneficiary (the card holder) that he uses while traveling or paying his purchases via the Internet, to be at (1465) dinars to the dollar instead of (1470) dinars to the dollar. The dollar will be sold to electronic payment companies for the above purpose at a price of (1455) dinars to the dollar instead of (1460) dinars to the dollar.    LINK

************

Clare:  America is offering Iraq to build an electricity system on a global level

1/31/2023

The US ambassador to Iraq confirmed on Tuesday, her country's readiness to work with the Minister of Electricity to build a system with international specifications.

Ambassador Elena Romansky wrote in a tweet on her Twitter page; "Iraqis deserve a diversified, modern economy and well-paying jobs"

To achieve this, it is necessary to build a world-class electricity system," she added.

And she stressed that "the United States is ready to work with the Iraqi Minister of Electricity, Ziyad Ali Fadel, and the Iraqi government to carry out this important endeavour."   LINK

Clare:  China calls for the establishment of a free zone with the Arab Gulf countries as soon as possible.

1/31/2023

China announced today, Tuesday, its desire to expand relations with Saudi Arabia in various fields, while calling for the establishment of a free zone with the Gulf Cooperation Council countries as soon as possible.

And the Russian TASS agency said, “Chinese Foreign Minister Chen Gang called, in a phone call with Saudi Foreign Minister Faisal bin Farhan Al Saud, to expand economic trade cooperation between the two countries.

Xinhua News Agency quoted the Chinese minister as saying, "The two sides should continue, later, to further expand cooperation in many fields, including trade, economy, energy, infrastructure, investment, financing, high technology, communication development and coordination, as well as continuing to strengthen the strategic partnership between China and the GCC countries." The Arab Gulf, and to accelerate the establishment of a free trade area between China and the GCC countries as soon as possible.

The Chinese minister indicated that his country highly appreciates the Kingdom's support on issues related to China's main interests, and is ready to cooperate with the Saudi side in adhering to the principle of non-interference in internal affairs and protecting other basic rules of international relations.

He added, "China is ready to enhance coordination and cooperation with Saudi Arabia in regional and international affairs, jointly promote regional peace and stability, and better protect the common interests of developing countries."

Last December, Chinese President Xi Jinping visited Saudi Arabia and participated in the Chinese-Arab summit.

During that summit, Saudi Crown Prince Mohammed bin Salman said that Riyadh and Beijing are studying the possibility of establishing a free trade zone between China and the countries of the Cooperation Council for the Arab Gulf States.   LINK

************

Henig:  The former tax director admits to smuggling $3.5 million to a neighboring country

 |Today, 22:21 | Baghdad today-Baghdad

The Supreme Commission for Combating Corruption carried out a qualitative operation that overthrew four suspects, headed by the former director general of the Tax Authority, and seized more than one billion dinars, jewelry and documents for 11 properties, while they confessed to smuggling 3.5 million US dollars to a neighboring country.

The Integrity Commission said in a statement received by "Baghdad Today", that "the support team of the Supreme Commission for Combating Corruption, and after receiving accurate information and completing legal procedures by obtaining arrest warrants issued by the Central Anti-Corruption Criminal Investigation Court, three suspects were arrested in connection with the fourth suspect, the former general manager." To the General Authority for Taxes, who was arrested in another case and took his confessions,” noting that “the accused are the manager, his wife, and mediators in the money laundering operation.”

 And she continued, explaining that “the operation, which was carried out with high-level coordination and cooperation between the components of the Supreme Anti-Corruption Authority and based on accurate information from its support team and an exceptional effort from the Central Anti-Corruption Criminal Investigation Court, also resulted in the seizure of large amounts of cash in their possession amounting to (1.227. (000.000) one billion two hundred and twenty-seven million Iraqi dinars, and (556.900) five hundred and fifty-six thousand and nine hundred US dollars, in addition to holdings and “golden pickles” in a large amount.

 And she added, "Among the seized documents are documents for (11) real estate, (9) of which are inside Iraq, and two outside it, both of which are of great financial value, and the defendants confessed to cash balances outside Iraq in the amount of (3,600,000) three million six hundred thousand dollars." Actions are being taken to control it,” stressing that “these funds are all obtained from public office trading and bribery received by the former Director General of the General Tax Authority during his work in it, and he hid it with the defendants.”

And she confirmed, "Writing the statements of the accused and presenting them before the competent judge, who decided to arrest them in accordance with the provisions of Article (36) of the Money Laundering and Terrorist Financing Law No. (39) of 2015, and to organize records of the authenticity of those funds that were deposited with the Federal Integrity Commission."   LINK

************

Henig:  Al-Rafidain announces the transformation of advances deduction from manual to electronic (document)

|Today, 09:19 |Baghdad today - Baghdad

Al-Rafidain Bank issued a directive to stop deducting advance installments manually and transferring them electronically, starting next February.

According to a document issued by the bank on the 30th of this month, which I obtained (Baghdad Today), that “in an effort to provide the best services to its customers who are citizens of their salaries with our bank and for the purpose of activating electronic payment tools in disbursing customers’ dues. The year 2022 is replaced by February 2023, so that the deduction is carried out electronically from the borrower’s salary on the loan management system, starting from February of the year 2023.

The document stated that "the deduction will be free of charge, without commission, please confirm receipt of the turban and inform us of this according to an official letter sent by approved e-mail." LINK

BRICS Moves to Launch a New Reserve Currency

BRICS Moves To Launch A New Reserve Currency

Sean Foo:  1-31-2023

At the 2023 BRICS summit, Russia has confirmed a new reserve currency system will be discussed. If this comes true, a powerful new competitor could arise to challenge the dollar and the Euro.

However, what shape will a BRICS currency take? Will it be backed by commodities like oil or gold?

Here's what you must know about this game-changer.

Timestamps & Chapters:

0:00 The BRICS Currency Is Coming

1:31 Is It Possible?

4:10 Breaking Away From The Dollar

 6:57 Backed By Oil & Gold?

9:40 Free From Sanctions

12:11 Prepare For A Shift

https://www.youtube.com/watch?v=IxJGgEiJ4wo

"Coffee with MarkZ" Tuesday Morning Chat 1-31-2023

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

MarkZ Tuesday 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

Member: Good Morning All!! Gods Blessings this day

Member: top of the morning to everyone, what is the good word for today?

Member: This meeting today ...time for Iraq to weaponize the Dinar and tell DC to go pound sand...

Member: if they wanted to do it in January…..they are running out of time

MZ: Most of the chatter out there is they are still squarely looking at overnight tonight and into the morning.

Member: I think people are going to lose their minds if tomorrow comes and this doesn't happen. they are hurting sooooo.

MZ: What do we know today?  This is an article from last evening. “The US Federal Reserve meets tomorrow on the dollar in Iraq”  So this is happening today.

MZ: From multiple news sources: “The CBE meets with banks to discuss dollar crisis” A short while ago meetings began in the central bank building in the presence of all banks. Not much has been disclosed yet.

MZ: “We will issue results to reduce the dollar in meetings with the US side in two days “So we should hear the decisions in 2 days.

MZ: “Iraq is seeking full membership in the International Financial Action Organization” I think this one is important because they cannot get full membership without a meaningful currency change….according to most experts . And I agree with them.  

Member: We heard the same thing when they joined the WTO…..still no currency change .

MZ: This one concerns me….”America offers Iraq to build a world class electricity system” The Fed and Treasury have people at meetings in Iraq right now. 2 days of meetings to shore up and add value to the dinar. What worries me is the US influence on any of those decisions. It is clear they came to the table with one heck of a bribe.  They are offering to build a world class electrical system for the entire country of Iraq ….what is the compromise and what will the US get out of this deal? I do not trust the government to try to kick the can again.

Member: The US needs a new electrical grid as well …..desperatly……that sucks

 Member: if the US government wants it- guaranteed it is not good news for all of us…….they are evil and hate the US people…so this bribe is coming straight out of the American taxpayer pockets…..and into someone elses pockets…..probably theirs.

Member: why is the US all in Iraq business?

Member: I think the US is run by globalist bad guys and is in everyones business.

Member: It is my belief the US has been holding this up the whole time. Iraq has made major moves and is ready to go.

MZ: I 100% agree with you. That and the Rothschild banking system is why we have not gone forward yet. IMO

Member: We now live in a nation where doctors destroy health, lawyers destroy justice, universities destroy knowledge, governments destroy freedom, the press destroys information, religion destroys morals and banks destroy our economy.~  Chris Hedges

MZ: In today’s world that is an absolute truth.

MZ: Other than that everything looks fantastic. Still hearing from the banking side that there are great  expectations for the next 24 hours.  God knows I hope we get it.

Member: Mark, What good does it do to listen to banking contacts about the RV….isn’t that insider trading?

MZ: No, for these folks it would not be insider trading. They have already signed all their NDA’s  and performance agreements…….The banking contacts only know what they are told by Treasury. If they are told to prepare….then they prepare. It doesn’t matter how many times they cry wolf….the banks have to be ready. They tell us what they are being told. EXAMPLE:    If they are being told to look for a Monday….then we let you know they are prepared for Monday

Member: I am hearing no RV until Mar 20th now.

MZ: That is not what I am hearing at all. Let’s get through the next day or two and regroup if for some reason we don’t see it.  The majority of all of my contacts think it will happen within a very short period. None are looking to March.

Member: Guess I'll go apply for a job at the RV center. They have been steadily employed for years and never have too show up for work. on call permanently.

Member:  Apparently Al Sudani just said, "the Iraqi dinar is stronger than the dollar, don't purchase dollars"!

Member: Mark what about all the new millionaires being added to the debt clock does it have anything to do with the RV?

Member: From midnight to 9 this morning there were 710 new millionaires. From Jan 5 until now there was 27,365

MZ: im glad you brought that up ….I think this is meaningful to us personally and in the grand scheme of things and in the entire scope of the world. Some will be gaining…but some will also be losing funds.

Member: It was interesting to see the debt clock and the zero to gold, silver and oil.. However it was interesting to note the rise in crypto.. XRP?

Member: Is ISX on NASDAQ?????

Member: Debt clock still have zeros under commodities

Member: Do you think the RV will be easy and not very confusing ??

Member: Remember it's all scripted.....we're supposedly watching an old movie, y'all.

Member:  I believe the DIRECTOR of this movie sucks! Lol

Markz are they going to bring scooby doo into the movie soon to pull off all the masks?

Member: They are getting squeezed from EVERY side, it is about to burst. You can see the workings and movements behind the scenes if you know what to look for. All optics.

Member: Mark Z are we still looking for today or tomorrow?

MZ: That is still the goal I am being told.

Member: I'm really getting excited. No time before did I feel there was enough evidence or real reason to believe all this could happen.

Member: See you all tonight…..God Bless

Dr. Rich and team join the stream at the end. Please listen to the replay for their information.

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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

MARK HAS BEEN INVOLVED IN THIS FOR MANY YEARS FROM THE HISTORY AND MADE MANY CONTACTS WORLDWIDE. HE RESPECTS EACH OF THEM AND PROTECTS THEIR PRIVACY. HE VERIFIES INFORMATION BEFORE HE SHARES YET THINGS CHANGE AND IT IS NOT IN HIS CONTROL.

THE INFORMATION PROVIDED IN THE STREAM IS IN MARKZ OPINION - INFORMATION PROVIDED IS BY VETTED CONTACTS - INFORMATION CAN AND MAY CHANGE AT ANY TIME WITH OR WITHOUT NOTICE

MZ: Zim payouts I hear may be traunched…..a structured payout over time…….What is a traunch?   https://www.investopedia.com/terms/t/traunch.asp

MZ:  JFK Secret Societies Speech in case we forgot   https://www.youtube.com/watch?v=ItOPg2l7-t0

JFK to 911 Everything Is A Rich Man's Trick https://www.youtube.com/watch?v=8ObvK4NR_LI&has_verified=1&bpctr=1579044401

Your straw man (Strawman) is an artificial person http://freedom-school.com/aware/your-straw-man-is-an-artificial-person.html

MZ: Video on PP’s and Farm claims: https://www.youtube.com/watch?v=sAL0exvL45Y

Mod:  Dr Shabibi answering questions https://www.youtube.com/watch?v=ol8wve53-ME

MZ: Watch the Video “The end of the road” by Monkey films on Amazon Prime….End of the Road: https://tubitv.com/movies/451883/end_of_the_road

You can share links like these one's to those who don't believe: theoriginalmarkz: https://www.slideshare.net/ahmeddinargate/the-history-of-iraqi-dinar-exchange-rate

Mark Coffee and Chat …. Monday through Friday 10:00 AM EST EDT ….Chats live or recorded https://www.twitch.tv/theoriginalmarkz ONLY SPECIAL NEWS tweeted out https://twitter.com/originalmarkz

MARKZ and SALTY TOES have worked hard to build a COMMUNITY that people can trust.  You can connect with MarkZ at The Seeds of Wisdom Team Community and website.  Just visit the Seeds of Wisdom Team Website, join the Seeds of Wisdom Telegram Community, and Subscribe to receive email updates. https://seedsofwisdomteam.com/

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Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, 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=DyMdyZ83gok