More News, Rumors and Opinions Tuesday PM 2-28-2023

TNT:

Tishwash:  Foreign Minister: Iraq is in the process of approving the budget law for the current year

Foreign Minister Fuad Hussein confirmed today, Tuesday, that the budget included large sums for the implementation of investment and service projects.

The ministry said in a statement received by (Baghdad Today) that "Deputy Prime Minister and Minister of Foreign Affairs Fuad Hussein received the British Minister of State for Middle East and South Asian Affairs and the United Nations Tariq Ahmed, and the meeting was attended by the head of the Europe Department, Ambassador Haider Mansour Al-Athari, and during the meeting they discussed bilateral relations aspects of cooperation between the two countries.

During the meeting, the Foreign Minister stated that "Iraq is looking forward to moving forward to concluding the partnership and cooperation agreement between the two friendly countries," stressing "the need to work to strengthen economic and trade relations."

Hussein called on British companies to "increase their presence in Iraq, in addition to the need for the United Kingdom to contribute to the development of the Iraqi banking sector, and issues related to the environment and confronting climate changes, in addition to the energy sector and associated gas investment."

He explained that "Iraq is in the process of approving the budget law for the current year, which included the allocation of large sums to implement many investment and service projects, which is the main goal set by the current government."

For his part, the British Minister of State indicated that "Iraq is witnessing a tangible improvement in its security and economic situation," stressing "the British government's keenness to provide all forms of support to the Iraqi government in various fields, expressing the desire of British companies to invest in Iraq."

He stressed "the need to continue cooperation and joint coordination in the field of combating terrorism and defeating the extremist ideology adopted by the terrorist organization ISIS." link

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Tishwash: Iraq enhances the digitization of its financial and banking services

Iraq continues to enhance the digitization of its financial and banking services , and in this context, Prime Minister Muhammad Shia’ al-Sudani met today, Tuesday, with a delegation from the global “Visa” institution, reaffirming his country’s commitment to the gradual transition to digitization of financial transactions.

This coincides with the passage of two months since the start of implementing a series of financial reforms, in response to the measures taken by the US Federal Bank to limit dollar smuggling from Iraq to Iran and the Syrian regime, the most prominent of which was imposing an electronic trading platform for selling hard currency in the Central Bank of Iraq that allows the United States to monitor The movement of money transfers in hard currency (dollars), and the prohibition of various companies and banks from dealing with them.
 
During the past days, the dinar recorded a new recovery, after its value declined to about 1,700 dinars per dollar, during the past month, and the Baghdad Stock Exchanges (“Al-Kifah” and “Al-Harithiya”) and the Erbil Stock Exchange witnessed, today, Tuesday, trading at a value of 1,520 dinars per dollar, while the bank sells The central dollar in a limited way for small licensed traders at a price of 1310 dinars.

The Central Bank also began covering the needs of travelers outside Iraq in dollars, at the same price, at $7,500 per person, after presenting a travel ticket and entry visa, while those planning to buy real estate abroad can also obtain dollars at the official price, provided they provide proof of their need for it, and exceptions were made. Iran and Syria are among those measures, given that they are among the US sanctions.

The official news agency (INA) quoted a statement issued by the Prime Minister, today, Tuesday, in which he said that he had received a delegation from the global Visa Corporation, which issues electronic payment cards.

During the meeting, he expressed "the government's determination to implement reform, proceed with plans for financial inclusion and digitization of banking transactions, and upgrade them to meet international standards and specifications in force at an international level."

He stressed that "the government's steps in this field will facilitate financial transactions for citizens, reduce time and strengthen the umbrella of the law by implementing controls that combat money laundering."
 
The statement quoted the company's representatives as "their comprehensive support for the government's plan to publish points of sale with electronic cards (POS), the steps of the Central Bank of Iraq, and the government program seeking more flexibility in economic transactions, while raising the level of efficiency and legal compliance."

Yesterday, the delegation of the "Visa" company held a series of intensive meetings with Iraqi financial officials, most notably the governor of the Central Bank, Ali Al-Alaq.

The central bank said in a statement, "The governor of the central bank, Ali Al-Alaq, received Monday, the regional president of Visa, Andrew Tory, and the accompanying delegation."

He added, "The support provided by Visa to regulate the market and increase the acceptance of electronic collection was discussed, in support of the government's directions and the decisions it took in activating electronic payment through the use of the technology provided by the company, as well as improving regulations and instructions for digital financial services."

Al-Alaq stressed that "the Central Bank is supportive in its steps to expand the use of the latest digital technologies in the banking sector and enhance financial inclusion in Iraq," noting that "the Central Bank seeks to make a quantum leap in the field of financial technology in the banking sector by keeping pace with the latest global technologies."

In early January, the Central Bank announced the start of selling dollars via the electronic platform, in response to American conditions, and great chaos ensued within the Iraqi market, due to the inability of import companies and merchants to obtain dollars to finance their trade, especially with Iran, China, Turkey and Jordan, the most countries. A presence in the Iraqi market, and the value of the dinar declined due to the speculations of transfer and exchange offices and companies, which resulted in the dinar losing more than 30% of its value.

And the Sudanese government approved a series of decisions, the most prominent of which was the dismissal of the former bank president, Mustafa Makhaif, and naming Ali Al-Alaq as his replacement, and a series of arrests and penalties against speculators in the market, before it decided to officially raise the value of the dinar from 1450 dinars to one dollar, to 1310 dinars last week.

The financial expert, Muhammad al-Sheikhly, attributed the continued existence of a difference between the official exchange rate for the dinar offered by the Central Bank at 1310 dinars to the dollar, and the black market trading at 1520 dinars, to the lack of sales of the central bank of dollars through the official window, and the continued great demand for it in the market.

Al-Sheikhly added that many dealers in the automotive and construction sectors prefer to continue dealing in dollars, considering that it is more reliable than the dinar, while there are small traders who have deals that the Central Bank does not accept within the US-monitored electronic platform, because they are with Iran, Syria, or private companies that have US sanctions, so they resort. To the market to get dollars, even if it's at a higher rate.

Al-Sheikhli continued, "The difference will continue for quite some time between the official price and the market price in relation to the dollar against the Iraqi dinar, but if the government continues on one unchanging policy, the difference will shrink."

He added, "The Central Bank sold on Sunday 161 million dollars, of which only 45 million were in the form of direct sales and to approved official banks and financial companies, and the rest through the platform in the form of transfers and financial credits and coverage of Iraqi import deals from different countries, and this amount (45 million dollars) is not Sufficient to secure the needs of Iraq as a whole on the open market.

And he indicated that the continuation of dollar smuggling operations to Iran and Damascus from many parties and in ways, some of which are cross-border, also contributes to the continued weakening of the value of the dinar and an increase in the demand for dollars. ink

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Courtesy of Dinar Guru

Frank26  [Iraq boots-on-the-ground report]  FIREFLY:  The news is saying the budget was returned to the Finance Minster for a new exchange rate.   FRANK:   ...The monetary reform has been very successful to bring stability and security to your new exchange rate and you have plenty of financial support not only through the economic reforms but through the foreign reserves you have to back the new exchange rate of your new currency that is coming and the float that is about to occur.   [Post 1 of 2....stay tuned]

Frank26   FRANK continues:  IMSO now that we are walking into the 1st week of March you are about to see the new small category notes, new exchange rate and you will be given instructions by the CBI on how, where and when you are to handle your new currency reform... This 1st week of March has a great potential and I strongly believe there's nothing that's going to get in the way of my opinion... [Post 2 of 2]

Andy Schectman: Is Gold the Standard? Speaking on Gold and Silver as Wealth

Dr. Kia Pruitt:  2-28-2023

Let's talk about wealth, with Andy Schectman

https://www.youtube.com/watch?v=HI-LDymtQBA

China Moves To Flip The World Order - It's Official Now!

Sean Foo:  2-28-2023

China just wrote a shocking paper on US economic hegemony, warning the world of the US dollar.

 They are preparing for an economic conflict with the United States and this is horrible news for everyone.

Inflation isn't over, a trade war might be coming and we must all prepare for further chaos.

2023 might be the year of the ultimate black swan event and investors must brace for impact!

Timestamps & Chapters:

0:00 China's Warning

1:58 What Is A Dollar Worth?

4:39 Weaponizing Interest Rates

6:46 Is A Trade War Coming?

9:03 Fear Of US Sanctions

11:21 Prepare For Economic Chaos

https://www.youtube.com/watch?v=u1yYqir70xo

Tuesday Evening News with MarkZ 2-28-2023

Tuesday Evening News with MarkZ 02/20/2023

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

Member: Good evening family. I hope your having a super fantastic day.

Member: Fingers, and toes are crossed tonight is our night

Member: so what’s all the scoop tonight

Member: I just listened to a private call who says yes…Tier one and Whales are being paid…Hope Mark can confirm

Member: I heard Wolverine signed NDA today!!!!!! Going silent!!!

MZ:  There is a huge amount of great news coming out of Iraq today.

Member: (From Dinar Guru)  Walkingstick  [via Frank26]  They are de-dollarizing because they are sovereign.  They will not use any currency but their own.  It will create a supply and demand...that will drive the rate.  When it floats the economic reform will be the stimulus for the float as it moves upwardly until they cap it...

MZ: I totally agree they are sovereign…I’m still hearing we will get a contract rate with the “oil for dinar” contract……but they will probably float in their local markets.

Member: did Mr. C ever touch base with you?

MZ: Yes….I hadn’t heard from him since Sunday ,,,but he had a small stroke Sunday night….He is supposed to call me this evening to let me know how things are going. I believe he is being released to go home as we speak….he is ok….but has a lot of stress.

Member: Prayers for healing going up for Mr. C.

Member: hoping medbeds are real and we all get to take a turn in them….get well soon Mr. C.

Member: Did you see Naders Be happy don’t worry video?

MZ: It was an adorable video……I really enjoyed it….

Mod:  Nader's video: https://www.youtube.com/watch?v=hyniN...

Member: Militia Man has posted so many articles and it appears that they have sorted the HCL

MZ: Now lets talk about Iraq. This is a huge, absolutely stunning , ginormous  and positive news from Iraq. “ Baghdad, Erbil reach an agreement on the 2023 budget –Lawmaker” I am told things have gone well and its submitted now for a “rubber stamp” on it….they even outline the details of it in the article……the link will be posted below in my daily links.

MZ: We were always told this is one of the last things that would “suddenly” happen before the RV release…..so…... this tells us we are awfully close.

MZ: “UN Secretary General arrives in Baghdad today on an Official visit”  I am wondering if they are dotting I’s and crossing t’s?” Is this last minute stuff before the change?? It is stunning the high powered people visiting Iraq in the last few weeks. The same people that would be needed for any type of a rate change…..A massive rate change…..so I think this is a big one.  

MZ: “Iraq President says country now peaceful and life is returning” Why is this important?  We were always told they would suddenly become peaceful right before the rv…..

MZ: On the bond side…it has become so convoluted and bi-polar with one group being told one thing and another group being told something else…….I believe it is purposeful right now. They are purposely planting misinformation to them right now……just to keep us all scratching our heads…They do not want anyone knowing the exact time;

Member:  ​PPN post red back screen rates absolutely amazing

Member: Anyone know when Nesara is supposed to kick off?

Member: Rumor is tomorrow or Thursday for Nesara????

Member: Thanks Mark and mods…..one of these days we will wake up millionaires…..imo

Member: See everyone for coffee in the AM……

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.

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

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=2wTG_40H8PY

Iraqi News Highlights Tuesday Evening 2-28-23

Iraqi News Highlights Tuesday Evening 2-28-23

Tlm724 Administrator Bondlady’s Corner

Details Of The Meeting Of The First Deputy Speaker Of Parliament With The Directors Of Private Islamic Banks

Money and business  Economy News – Baghdad Today, Tuesday, First Deputy Speaker of Parliament, Mohsen Al-Mandalawi, considered the banking sector as one of the most important factors in advancing the economic reality of countries, calling on their administrations to exercise their active role in supporting the government and its decisions and endeavors aimed at regulating the banking reality, stabilizing the market and fighting currency smugglers.

A statement by Al-Mandalawi's office stated, "This came during an expanded meeting that (Al-Mandalawi) held today, with a number of directors of private Islamic banks, in the presence of a number of heads of parliamentary committees and representatives, to discuss a number of files related to activating some laws related to the work of banks and monetary policy."

Al-Mandalawi called on banks to "launch advanced banking services to serve citizens and economic sectors, and expand them to include all the promising opportunities that await to be delved into, provide direct support to them, and work to contribute to the creation of discreet development to serve all segments."

"Studying the possibility of implementing the decision to reduce the interest rate on loans granted to citizens in general and the industrial and commercial sectors in particular."

Views 38  Added 02/28/2023 - 5:55 PM  https://economy-news.net/content.php?id=32721

Oil Prices Are Rising Again In The Global Markets

Economie| 09:10 - 02/28/2023  Follow-up - Mawazine News  Oil prices rose, on Tuesday, after Russia plans to reduce its oil exports.

This comes after oil prices witnessed a decline yesterday, Monday, due to concerns about increasing interest rates, which led to a decline in demand, and expectations of an increase in US crude stocks.

At 04:25 GMT, Brent crude futures for April rose to $82.59 a barrel, up 14 cents, and US West Texas Intermediate crude futures rose 24 cents, to $75.92 a barrel.

https://www.mawazin.net/Details.aspx?jimare=220530

The Secretary-General Of The United Nations Arrives Today In Baghdad On An Official Visit

Political | 04:41 - 02/28/2023  Baghdad - Mawazine News,  the spokesman for the Ministry of Foreign Affairs, Ahmed Al-Sahhaf, confirmed today, Tuesday, that the Secretary-General of the United Nations, Antonio Guterres, will arrive today in Baghdad on an official visit.

Al-Sahhaf said in a statement, a copy of which was received by Mawazine News, that "The Secretary-General of the United Nations, Antonio Guterres, will arrive today in Baghdad on an official visit, and he will meet the three presidencies and Deputy Prime Minister and Minister of Foreign Affairs Fouad Hussein." Ended 29 /    https://www.mawazin.net/Details.aspx?jimare=220574

Parliament Urges The Launch Of Advanced Banking Services To Serve Citizens And Economic Sectors

Political | 05:47 - 02/28/2023   Baghdad - Mawazine News,First Deputy Speaker of Parliament Mohsen Al-Mandalawi called today, Tuesday, for the private banking sector to support the government's efforts and work to stabilize the market.

The media office of the First Deputy Speaker of the House of Representatives said, in a statement, a copy of which was received by Mawazine News, that "Al-Mandalawi held an extensive meeting with a number of directors of private Islamic banks, in the presence of a number of heads of parliamentary committees and representatives, to discuss a number of files related to activating some laws related to banking and monetary policy.

Al-Mandalawi stressed, according to the statement, that "the banking sector is one of the most important factors in advancing the economic reality of countries," calling on their administrations to "exercise their active role in supporting the government and its decisions and endeavors aimed at regulating the banking reality, stabilizing the market and fighting currency smugglers."

He called on banks to "launch advanced banking services to serve citizens and economic sectors, and expand them to include all the promising opportunities that await to be delved into, provide direct support to them, and work to contribute to the creation of discreet development to serve all segments," calling on the administration of the Central Bank, banks, and those concerned with financial and monetary policies to study and consider the possibility Implementation of the decision to reduce the interest rate on loans granted to citizens in general and the industrial and commercial sectors in particular.    https://www.mawazin.net/Details.aspx?jimare=220580

External conversion controls for the year 2023 
February 28, 2023      »External conversion controls for the year 2023.. For knowledge, click here
https://cbi.iq/static/uploads/up/file-16775654148666.pdf
 
https://cbi.iq/news/view/2253

INCOMPLETE and APPROXIMATE TRANSLATION of
https://cbi.iq/static/uploads/up/file-16775654148666.pdf 
 
 [Begin Cover page]
 
According to Fanon, the Central Bank of Iraq No. (217) for the year 4100, for the purpose of achieving the goals of the central bank
 
By enhancing the role of the banking system and non-banking financial institutions in securing foreign currency to the beneficiaries »
 
And the financing of terrorism (59) for the year :copyright: 1110 by Sling al on the requirements of the Work Authority in a manner consistent with the directions
 
This bank adopts the attached external conversion controls.  with respect.
  [Page 5-1 begin]
 
 25 1
According to the Law of the Central Bank of Iraq No. (57) for the year 5100 average »and in line with what was stated in Article (54)
 
From it, which allowed the Central Bank of Iraq to buy and simple and unconditional sale of foreign criticism »and with the aim of facilitating Foreign trade financing procedures and the Central Linc goals by enhancing the role of the banking system And the non -banking financial institutions in securing foreign currency to the beneficiaries"
 
leading to maintaining stability The exchange rates of that currency from AIL and simplifying the sale procedures, including monitoring mechanisms and verification of sales operations Daily on the other hand, with the need to adhere to the requirements of the Anti -Money Laundering and Terrorism Law No. (1)

Ys Yo Aud decides to adopt the controls below:
 
Dho external conversion controls for the year "01"
 
1. The authorities are allowed to be legally funded through the electronic platform
 
a. All types of companies registered with the Companies Registration Department in the Federal Ministry of Commerce.
 
The projects registered with the General Directorate of Industrial Development in the Ministry of Industry and Federal Minerals.
 
ZT Simple companies founded from the Chambers of Commerce (under a certified establishment contract from the notary)
 
It does not exceed the amount of (1,000) dollars (two hundred thousand dollars per month).
 
D, the branches of companies, 1 m, registered with the 4 JA circle (companies in the Federal Ministry of Commerce.
 
H. Investment projects of all kinds licensed by investment bodies.
And the. Agricultural and animal projects bitter. A privatization of the wealth circles of Anniya or No agricultural investments or Latter d In the Ministry of Federal Agriculture.
 
G. The original scientific offices from the Pharmacists Syndicate.
 
H. The constant international factories are appointed from these factories for the purposes of work in Iraq; And the agents who
 
I. Registered global companies registered according to the Wneak Commercial Agency Law.
Establishment or license is proven by the relevant sectoral bodies translated into Arabic translation Agi LD
 
This will be for a period ending in 77/17/913, provided that these bodies register with the sectoral authorities
 
The counterpart in the federal government, where it will not be allowed to participate in the electronic platform after the aforementioned date above.  5-1
 
 [5-2 begin]
  
If only a few signings:: Mate 1 1?.
 
Transactions permitted legally in foreign currency
 
a. Import goods and goods that are allowed to import legally.
 
B. Buying and equipping the allowable services, including shipping services.
 
C. Requests that are received to the central bank from governmental and public institutions and self -funded bodies
Her needs that have no allocation in dollars within the federal general budget of the state »is enhanced by documents Official that supports these requests.

Dr.. Enhancing the open sub-account balances of the GB Morgan Bank for banks and payment companies
 
H. YY balances of financial institutions that have a major membership of international financial transfer companies
 
(Western Yunin »Money Gram and others) to settle their obligations with those companies after submitting the required statements.
 
And the. Transfers on fundamentalist transactions to buy real estate abroad and as follows:
 
First: That the transfer of the same customer's account in the foreign country is required to purchase the property in it or for an account
 
Real estate brokerage companies or law firms operating in those countries after verifying a name
The customer in the contract signed with the operating brokerage company/law firm in the country to purchase the property  In which.,
 
Second: Providing what is proven permanent or temporary residency from the competent authorities in countries whose laws allow this
 
This is not required in countries whose laws do not allow residency before owning the property.
Fourth: That the customer submit to the bank what proves that he purchased the property in the foreign state within a maximum period Six months from the date of conversion.
 
G. Treatment abroad and the conversion is from the customer's account or one of his relatives from the first and second degrees to Hospital account abroad after submitting a medical report from | For the concerned hospital.
 
H. Pay the academic wages abroad and the transfer from the student's account or one of his relatives is of the first degree or The second is to the account of the university in which he studies or for the student himself in the country of study after submitting what cardy Its registration in the study is certified by the Iraqi Cultural Attaché in the country of study.
 
I. Transfers associated with foreign investments in Iraq and as follows:
 
First: The capital of the investment projects granted by investment vacations under the Investment Law (11)
 
For the year 51000 and its amendments (after proving its entry from outside Iraq for this purpose earlier) and returns: Investment projects after submitting audited financial data proving the profit achievement and what proves the settlement of obligations Investor with the Iraqi government and the rest of the relevant authorities inside Iraq.
 
Second: Transferring the returns of selling stocks to the Iraqi residing abroad or foreign (the origin of the value, in addition to its returns It was found) if it is sold to provide support from the Iraq Stock Exchange.
5-2

 [Page 5-3 begin]
 
J. The compensation decided or approved by Iraqi official bodies for foreigners, or for Iraqis residing abroad.
 
SS shareholders' profits in companies registered in Iraq after submitting authentic and authentic financial accounts in addition to Providing what is proven to prove the tax disclosure of the company and the minutes of the General Assembly meeting with the approval of distributions or a council Administration;
 
And that the transfer be after proving the residence of the applicant abroad and the transfer is for an open account to. Financial proceeds amounts (selling real estate, other assets or their returns) to the Iraqi residing abroad That the transfer from his account or the account of his agent in Iraq to his account or account of his company abroad is exclusively.
 
M. Related payments related to banking and credit facilities that the customer associated with banks
Outside Iraq (the origin of the commitment or the benefits due to it)  »This requires that the bank retain a documented approval From the customer includes the following:
 
First: The loan contract signed between the customer and the bank that gave him credit banking facilities outside Iraq with the details and the reason for which the loan was granted.
 
Second: Providing what is proven to enter the origin of banking and credit facilities to Iraq through the agency Banking or goods to Iraq (in case the facilities are goods).?.
 
Capitalization procedures in the electronic platform
 
a. Aad requests to bank customers who want to buy the dollar for the purpose of financing their external imports through the platform Provided that the data includes the transfer process, including (customer data, the applicant, the beneficiary, the beneficiary data Final; Commercial menu data »Intermediate and correspondent bank data);
 
The equivalent is bound by the dinar on The ongoing bank accounts open to the central bank/the type of account designated for subscription operations Platform;
 
Provided that the bank is committed not to change the final beneficiary from the transfer process after subscribing to Platform.

B. The jerseys must be promoted to purchase via the platform with the following attachments:
 
First: The Commercial List (the bill), provided that it is a permeable date that does not exceed six months from the date of construction The demand for the platform; And twelve months for the commercial lists for making machinery and lines Production »It may be in a preliminary list, final list, postponed payment list, or a purchase contract.
 
Sources of his imported customers and legitimacy and adhere to the requirements of the Anti -Money Laundering Law Terrorism financing No. 79 of the year 5110,
 
and otherwise, the bank bears all the legal consequences
Accordingly, the pledge is signed by each of (the authorized manager, regional director, or those on behalf of Compliance Observer »Anti -Money Laundering Officer» Risk Management Officer) .
 
Third: According to Form No. (1), it is attached to each request to transfer (a documentary approval or external transfer) that He conducted the search, investigation, and verification of all parties related to the transfer process, including   5-3
  
[Page 5-4 begin]
 
The final beneficiary on local and international sanctions lists, especially SESS IL LY (OFAC) lists
Terrorist money, when submitting the transfer request via the platform.
 
Fourth: A deposit is under the system
 
Devoted for subscription operations in the platform; It should be three days before the date of implementation
 
The sale process or according to what the Central Bank decides; It shows the date and type of participation..
 
The obligations of banks participating in the electronic platform
 
Banks are committed to applying the following:
 
a. Apply the principle of "I know your customer" according to the due care procedures stipulated in the Anti -Washing Act Money and terrorist financing No. 1 of 5110 and related compliance controls.
Which discloses the aspects of using the amounts transferred by the central bank.
 
C. For the purposes of documentary credits and external transfers used to finance the import of goods or services

Dr.. What supports the purchase of the goods or AGAI service (the commercial menu that then on the platform) and this is The menu is the only requirement required when creating a transfer request on the platform.
 
H. Shipping policy (in case of transfers to import goods), provided that the name of the transformer is mentioned either In the field (the charged side has the good Camera and Jupiter); Provided that the shipping policy is issued by the same state to which it was transferred.
 
If It was issued by a country other than the one that was transferred to, and it calls for proving the relationship between the two sides) And the.
 
What proves the receipt or provision of the service to the customer (in the event of transfers for the purposes of services) and it is a proof document
 
G. Documentary accreditation documents (in the case of credits to import goods) and these documents are The only requirement to check the subsequent transfers by documentary credits.
 
H. Swift messages for the implementation of the conversion process.
 
I. This supports the bank's conduct of searches, investigation and verification of all relevant parties
With transfers, including the beneficiary on local and international sanctions lists, especially lists (0174200)) and lists The parties related to both English and Arabic.
5-4
 
  [Page 5-5 begin]
 
Final rulings :copyright:
 
a. This bank guarantees that the customer data participating in the electronic platform with any party is not shared
 
B. The central bank sells foreign currency according to the official price announced by it », provided that it does not exceed a margin The dollar was sold by the bank to its customer for (10) dinars (ten dinars) per dollar.
 
C. Requests to transfer foreign currency on the electronic platform are submitted two days before the date of implementation The transfer process, or according to what the central bank decides.
 
Dr.. Any sale or purchase of foreign currency is excluded from the controls mentioned in these controls.
 
H. In the event that it is proven that the bank is transferred to any person or entity subject to local or international sanctions They are deprived of subscribing to the window of foreign currency permanently.
 
On the electronic platform to the central bank and their receipt by it, it does not represent an automatic acceptance of these documents And the data or ratification of health, as these documents and data are subject to scrutiny in the way and mechanism And the time set by the central bank.
 
G. Cases that have not been mentioned in the transactions allowed legally are studied under these controls before The relevant departments, and each case is subjected to the administration of the central bank to decide on it.
 
H. These controls are implemented as of the date of starting the electronic platform of external transfers.
 
LB cancels the instructions for buying and selling foreign currency for the year 1711.
 
Governor Agency  Chairman of Board of Directors   Ina l   5-5  

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

https://www.bondladyscorner.com/

Biden Aims To Shatter Record For Fastest Tax Increase

Biden Aims To Shatter Record For Fastest Tax Increase

February 27, 2023  Simon Black, Founder  Sovereign Research & Advisory

In 1969 while testifying to Congress, US Secretary of the Treasury Joseph Barr called out 155 Americans who were not paying their “fair share” of taxes.

Those 155 Americans had managed to reduce their federal tax liability to essentially zero by using perfectly legal deductions and credits in the tax code.

Congress was furious. Even though these taxpayers were following the law, the politicians didn’t like it. So they created a new, highly bureaucratic layer of tax complexity on the entire nation, specifically to target those 155 people.

It became known as the Alternative Minimum Tax (AMT).

But don’t worry, Congress said, this new AMT will only affect a couple hundred people...

The idea behind the AMT is to ensure that high-income earners pay at least a minimum level of taxes, regardless of the various deductions and credits they might be eligible for.

So they’re forced to calculate their taxes under two different systems:

The regular tax system which allows deductions for things like state income tax, local sales tax, property tax, and itemized deductions.

The Alternative Minimum Tax system which does not allow most deductions and exemptions.

The taxpayer must then pay the higher of the two taxes.

I don’t know about you, but doing my taxes just once is a big enough waste of time.

And again, while the AMT originally targeted just 155 specific people, within decades millions of Americans— including many in the middle class with modest incomes— were forced to calculate their taxes twice, and pay the Alternative Minimum Tax.

And while the Tax Cuts and Jobs Act of 2017 increased the exemption amount for the AMT, hundreds of thousands of taxpayers are still subjected to it. Plus, when those tax cuts expire in 2026, the AMT is expected to once again ensnare seven million taxpayers.

This story is not unique.

For example the 1913 income tax was only supposed to affect the wealthiest households in America. Just 3% of the US population paid it, and the base rate was 1% while the top rate was 7%.

By 1922— just nine years later— the government had increased the tax to beyond 50%. Plus they had created DOZENS of tax brackets, with most of the middle class having to fork over a hefty portion of their income to Uncle Sam.

But that isn’t even close to the record time between when a tax was introduced, and when the government declared its intention to increase it.

Look at the recent stock buyback tax, which politicians snuck into the Inflation Reduction Act last year.

It is a 1% tax on companies which buy back their own stock, and it went into effect on January 1st of this year.

38 days later, Aviator-Sunglasses-in-Chief announced in his State of the Union address that he wants to quadruple the tax to 4%.

That’s almost certainly a record— thirty eight days from the time a new tax took effect to the time they start trying to increase it!

Even the first income tax, introduced in 1861 (and later declared unconstitutional) took 11 months until the rates were nearly doubled, from 3% to 5%.

The key lesson is that taxes are never truly targeted, nor temporary.

But even more crazy is that increasing taxes doesn’t even guarantee more money for the government.

Top marginal income tax rates in the US have ranged from as low as 28% during the 1980s, to as high as 94% just after WWII.

But during that time US tax revenue since 1946 as a percentage of GDP has remained around a narrow band of around 19%.

In other words, the government’s slice of the nation’s economic pie is always around 19%– no matter how high or low they set tax rates.

So you’d think they’d understand the obvious implication here: if you want to maximize tax revenue, you need to concentrate on making the pie bigger... not on making your individual slice bigger.

With a bigger pie, everyone wins. But these progressive socialists don’t understand that simple maxim.

Instead they’re talking about wealth taxes, billionaire taxes, or making the rich pay their “fair share”. And they think you’re too stupid to realize that the middle class will soon be paying these taxes too.

Even the President’s campaign promises to not raise taxes on families making under $400,000 have already gone out the window. Now they want people making just $600 from online platforms like Etsy and eBay to be reported to the IRS.

Plus they’re going after undeclared tips from waiters and other food service employees. Not exactly millionaires...

These politicians are like ravenous beasts, and they’re coming to feast on your livelihood .

That’s why it makes so much sense to take advantage of the perfectly legal ways to reduce your taxes. I’m not talking about dodgy schemes and creative loopholes. I’m talking about easy deductions written right into the tax code.

We talk about these all the time— things like maximizing contributions to retirement accounts, moving overseas, or even moving to Puerto Rico can slash your tax rate (in some cases to 0).

They think you are too stupid to notice these tax increases, or to realize that sooner or later they’ll apply to you.

But using their own legal rules to reduce what you owe is a great way of saying, I’m not as stupid as you think.

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

https://www.sovereignman.com/tax/biden-aims-to-shatter-record-for-fastest-tax-increase-146105/

Some "Vietamese News" Posted by Henig at KTFA Tuesday 2-28-2023

KTFA:  Vietnam:

Henig:  January surplus signals good foreign trade year

06:00 | 27/02/2023

(VEN) - Vietnam’s total import-export value in January 2023 was estimated at US$46.56 billion, with imports reaching US$25.08 billion, and exports US$21.48 billion, yielding a trade surplus of US$3.6 billion.

Vibrant foreign trade

Positive signs of import, export activities in the first month of the year promise satisfactory results of foreign trade throughout 2023.

The border crossings with China in Quang Ninh, Lao Cai and Lang Son provinces have resumed busy operations after the week-long Lunar New Year (Tet) holiday (January 20-26). On the morning of January 28, 120 trucks carrying import, export goods passed Bac Luan 2 Bridge and pontoon bridge Km3+4 Hai Yen of the Mong Cai International Border Crossing in Quang Ninh Province.

A representative of the Customs Division of the Lao Cai Border Crossing said that during the seven-day Lunar New Year holiday, some 285 customs clearance declarations were received at the Kim Thanh Border Crossing. Given these positive signs and easing of China’s COVID-19 prevention policy, import-export activities through the Lao Cai crossings are expected to thrive in 2023.

On January 28, China resumed customs clearance for import-export activities through five Lang Son Province border crossings: Huu Nghi, Tan Thanh, Chi Ma, Dong Dang, and Coc Nam.

Business confidence

In terms of business activities after the Lunar New Year holiday, the Hoa Phat Group Joint Stock Company, for example, received orders for exports to the US, Canada, Mexico, Puerto Rico, Australia, Belgium, Malaysia, Hong Kong (China), and Cambodia.

Businesses have set export targets for 2023. Vu Duc Giang, President of the Vietnam Textile and Apparel Association, said the textile and garment sector expects its export value to reach US$47-48 billion. According to him, this target is based on the following factors: 1) businesses have begun to shift production from knitting to shuttle weaving; 2) businesses are seeking small orders with quick delivery; and 3) export markets have been diversified, including those in the former Soviet Union, Africa, and the Middle East. China is also a major export market of Vietnamese textiles and garments.

Do Ha Nam, Vice President of the Vietnam Food Association (VFA), said rice exports are forecast to yield satisfactory results in 2023, especially in the winter-spring crop.

However, experts are urging farm produce exporters to tighten controls and use suitable preservation technology to ensure product quality and origin traceability, and to harvest and transport fresh farm produce to processing factories during the shortest possible time.

The Ministry of Industry and Trade is prioritizing major exports with significant competitive advantages, such as electronics, textiles, garments, leather, footwear, and wood products, along with diversifying and improving product quality.

Phuong Lan    LINK

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Henig:  EU manufacturers eye offshore wind turbine plants in Vietnam

09:28 | 28/02/2023

European manufacturers are considering investing hundreds of millions of dollars in Vietnam to build wind turbine plants as the country gears up to exploit its large untapped potential in offshore wind, Reuters cited sources familiar with the situation as reporting.

According to the World Bank Group, Vietnam is seen as a potential major player in the sector because of its strong winds in shallow waters near coastal, densely populated areas.

Three industry sources, who declined to be named because the matter was confidential, named Danish turbine maker Vestas as one of the potential investors. The companies were looking for sites near ports but talks with local authorities and industrial parks were still preliminary as investors were waiting for the country to approve clear rules on offshore wind farms.

"We expect important investments to be decided this year by major global players in the offshore wind sector for the manufacturing of wind turbine components and Vietnam stands a good chance to welcome these," said Bruno Jaspaert, director of DeepC, an industrial zone in northern Vietnam.

Speaking on the sidelines of a wind conference in Hanoi on February 23, Erik Kjaer of the Danish Energy Agency said Vietnam has a strong steel output, therefore it would make sense to invest in the country as steel is key to making turbines.

Source: VNA     LINK

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Henig:  Vietnam, Belgium step up scientific-technological cooperation

06:00 | 28/02/2023

Vietnam wants to step up cooperation with countries that have strengths in science-technology like Belgium, Minister of Planning and Investment Nguyen Chi Dung has said.

Vietnam wants to step up cooperation with countries that have strengths in science-technology like Belgium, Minister of Planning and Investment Nguyen Chi Dung has said.

At working sessions with Belgian partners, including Hub.Brussels, Interuniversity Microelectronics Centre (IMEC) and John Cockerill Group in Brussels on February 20, Dung said Belgium has substantial potential to cooperate and support Vietnam in new technologies and renewable energy, especially circuit manufacturing.

Dung led a delegation from ministries, innovation centres, research institutes and universities to Belgium from February 18-21, aiming to concretise the outcomes of Prime Minister Pham Minh Chinh's visit to the European country in December 2022 regarding innovation cooperation.

Hub.Brussels, the Brussels Agency for Business Support, offers a wide range of free advice, services and tools to help projects be successful.

Dung lauded cooperation between the agency and the Vietnam National Innovation Centre (NIC), which have agreed on experience exchange in order to raise innovation and startup capacity of Vietnam and the European Union (EU).

He suggested Hub.Brussels help NIC in operations, and opened its representative office at NIC Hoa Lac to step up the bilateral cooperation in innovative startup ecosystem development.

The minister assigned NIC and the Vietnam Innovation Network in Europe (VINEU) to partner with Hub.Brussels in devising an exchange programme for Vietnamese startups this year.

Annelore Isaac, Deputy Chief Executive Officer at Hub.Brussels, expressed her belief in cooperation between the two sides, which would cover health care and construction, and affirmed that the agency stands ready to support Vietnamese startups.

On this occasion, Hub.Brussels, NIC and VINEU signed a memorandum of understanding on cooperation in innovation and startup.

At another working session with IMEC, a leading R&D and innovation hub in Europe in nanoelectronics and digital technologies, Dung stressed that his ministry wants to promote cooperation between IMEC with Vietnamese organisations and enterprises, especially in the semiconductor R&D, thus helping Vietnam join the global semiconductor supply chain.

He suggested IMEC join hand with NIC and Vietnamese educational institutions to organise cooperation programmes for students and engineers in the semiconductor industry.

A MoU on collaboration in the semiconductor industry was also inked by IMEC and NIC on this occasion, under which IMEC will consider building an R&D centre in the Southeast Asian nation.

Driven since 1817 by the entrepreneurial spirit and passion for innovation of its founder, the John Cockerill Group developed large-scale technological solutions to meet the needs of its time.

Meeting with John Cockerill representatives, Dung emphasised that Vietnam hopes for comprehensive cooperation with the group in energy, saying it should become Vietnam’s strategic partner through cooperation programmes as well as R&D and investment projects.

John Cockerill's leaders said the group wants to make comprehensive and strategic investment in Vietnam, thus further serving the Southeast Asian and Northeast Asian markets.

The group expects to focus on solutions regarding energy transition, including biomass, hydrogen and low-carbon ones, they noted.

John Cockerill and NIC reached a MoU on this occasion, under which the Belgian group would invest in green hydrogen R&D at the Vietnamese centre and labs for biomass fuel products, and develop products relating to cooling technology in power plants and industries.

Source: VNA     LINK

Henig:  Q1 economic growth drivers

06:00 | 28/02/2023

(VEN) - Investment, domestic consumption and foreign trade were the three drivers of Vietnam’s economic growth in February and the first quarter of 2023. The Government, ministries, sectors and localities are taking action to promote these forces.

Opportunities and challenges

According to the Ministry of Planning and Investment (MPI), by the end of January 2023, the Vietnamese economy continued to show positive signs with the macroeconomic situation remaining stable. Specifically, the consumer price index (CPI) grew 0.52 percent compared with December 2022 and 4.89 percent year-on-year; in the monetary market, credit grew 0.65 percent by January 17 compared with the end of 2022; the banking system’s liquidity was ensured.

In January, State budget revenue reached 11.3 percent of yearly projection, foreign direct investment reached US$1.2 billion, triple the result of January 2022, and trade surplus was estimated at US$3.6 billion.

Production and trade continued recovering thanks to high consumer demand during the Lunar New Year holiday (late January). Agricultural production remains stable. Total retail sales of consumer goods and services grew 20 percent year-on-year. The supply of goods is abundant with almost no major price changes.

However, due to the week-long Lunar New Year holiday and the impact of the global economic uncertainty, industrial production and import-export activities faced numerous difficulties. The January index of industrial production (IIP) equaled 92 percent of that in January 2022, while total foreign trade value was lower compared with December and January 2022.

Three growth drivers

According to the MPI, given the increasing difficulties challenging Vietnam’s efforts to control inflation and maintain macroeconomic stability, Vietnam should focus on promoting investment, domestic consumption and foreign trade.

To promote investment, the prime minister has ordered the acceleration of major national projects and the improvement of the investment and business environment to create a new space for socioeconomic development. At the same time, the Government has applied fiscal policies to provide businesses with support, helping them reduce input costs and output prices in order to control inflation. Appropriate monetary policies are helping manage credit and keeping interest at a reasonable level to facilitate investment in production and trade. The disbursement of public investment capital will also be accelerated.

To promote domestic consumption and foreign trade, the industry and trade sector will facilitate business access to capital and credit, and strengthen domestic purchasing power through effective implementation of trade promotion programs. The distribution of goods on digital platforms and e-commerce will be expanded to boost domestic sales.

At the same time, the Ministry of Industry and Trade will accelerate negotiations on bilateral and multilateral cooperation mechanisms, bring into play the role of overseas Vietnamese trade offices, and support localities, associations and businesses in taking advantage of free trade agreements to increase exports. Technical barriers will be removed to facilitate business access to new markets.

Digital transformation in the field of trade promotion will be accelerated to connect supply and demand, as well as to build and develop Vietnamese brands in foreign markets. Attention will also be paid to logistics services, e-commerce, and especially cross-border trade.

Nguyen Hoa     LINK

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Henig:  Bond issuers seek solutions to delay bond debt payment

February, 28/2023 - 09:06

The volume of mature bonds of businesses will peak in the period of 2023 - 2024 and bond issuers are taking different actions to proactively remove difficulties.

HÀ NỘI — The volume of mature bonds of businesses will peak in 2023 - 2024 and bond issuers are taking different actions to proactively remove difficulties.

NoVa Real Estate Investment Group Joint Stock Company (Novaland, HOSE: NVL) has just announced that it has reached an agreement with its "bondholder" Dallas Vietnam Gamma Ltd. The companies have negotiated and reached an agreement to reduce the number of outstanding bonds and warrants through a swap agreement.

Accordingly, Dallas Vietnam Gamma Ltd will receive a portion of shares in two member companies of Novaland, namely Thành Nhơn Real Estate Investment Company Limited and Mũi Né General Investment Joint Stock Company in exchange for the cancellation of a corresponding number of bonds and warrants.

Previously, in mid-2022, Dallas Vietnam Gamma Ltd bought 4,435 convertible bonds and 185 warrant-linked bonds from Novaland. Novaland's consolidated financial statements for the fourth quarter of 2022 showed that Dallas Vietnam Gamma is Novaland's bondholder with a long-term debt of VNĐ4.62 trillion (US$193 billion) as of December 31, 2022.

BCG Energy Joint Stock Company – a member of Bamboo Capital Group Joint Stock Company (HOSE: BCG) also recently said that it had reached an agreement with investor Hanwa Energy Corporation Singapore Pte Ltd on changing the bond payment term.

According to BCG Energy, considering changes in market conditions, the two parties have negotiated to convert part of the bonds into debt with the final payment term being changed to June 30, 2023, instead of September 4, 2022.

As of December 31, 2022, BCG Energy had paid all the interest and VNĐ45 billion of the principal to Hanwa Energy Corporation Singapore Pte. The remaining principal debt, equivalent to $3 million, has been agreed by BCG Energy and Hanwha Energy to be settled under a joint agreement of both parties. Previously, on September 4, 2019, BCG Energy privately issued a convertible bond package to Hanwa Energy Corporation Singapore with a value of VNĐ115.75 billion.

In addition to actively negotiating with lending partners, some businesses also actively increased coupon rates for bond lots to stabilise investor sentiment. In addition, many businesses also plan to repurchase the issued bonds before maturity.

According to a recent report by Vietcombank Securities Company (VCBS), by January 2023, out of VNĐ1.19 quadrillion of corporate bond outstanding loans, the largest amount of outstanding loans belonged to the real estate industry which is accounting for 37 per cent, followed by banks making up 32 per cent.

VCBS also added that the volume of corporate bonds maturing in 2023 is estimated at over VNĐ250 trillion, a significant decrease compared to the third quarter of 2022 due to the proactive repurchase by issuers before maturity. The acquisition value of the banking and real estate industries in the fourth quarter of 2022 reached VNĐ35 trillion and VNĐ24 trillion, respectively.

Experts from VNDirect Securities Joint Stock Company said that in the context of tightened monetary policy and increasing financial costs, some bond issuers have few opportunities to access capital for financial restructuring and meeting short-term debt obligations. Liquidity risk is concentrated in a number of volatile sectors such as real estate.

Cấn Văn Lực, a member of the National Financial Monetary Policy Advisory Council, said that businesses need to step up negotiations with investors to extend the debt payment maturity.

The Ministry of Finance (MoF) has also recently proposed that the Government consider allowing enterprises to pay principal and interest on bonds in shares and real estate products.

According to the ministry, if an enterprise cannot pay the bond principal and interest in cash, they can negotiate with investors to use other assets on the principle of complying with the provisions of civil law. This payment method must be approved by the bondholders and the enterprise must disclose information and take responsibility for the legal status of the assets used to pay the principal and interest of the bonds.

To assist enterprises in mobilising capital for production and business activities and debt restructuring, the Ministry of Finance shall propose to the Government to allow previously issued bonds with an outstanding balance to be changed in expiration term, the maximum time is two years.

— VNS     LINK

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Henig:   Door wide open for processed, manufactured products to enter UAE

February, 28/2023 - 10:31

Dubai is stepping up urbanisation and infrastructure development, leading to higher demand for electricity and energy in industrial and trade sectors. The development of smart grids and upgrade of transmission lines will also boost the UAE’s electrical cable market.

 HÀ NỘI — Products of the processing and manufacturing industry of Việt Nam now have great chances to enjoy stronger export to the UAE, which has high demand for imports.

Dubai is stepping up urbanisation and infrastructure development, leading to higher demand for electricity and energy in industrial and trade sectors. The development of smart grids and upgrade of transmission lines will also boost the UAE’s electrical cable market.

The UAE’s electrical cable market was valued at US$192.48 billion in 2021 and is forecast to grow by some 4.2 per cent on average between 2022 and 2030. Therefore, electrical cables are a highly potential product for Vietnamese enterprises to invest in and export to the middle eastern country, said Trương Xuân Trung, an official of Việt Nam’s Trade Office in the UAE, as cited by the Công Thương (Industry & Trade) newspaper.

Among other processed and manufactured products, Việt Nam can also boost the shipment of handbags, suitcases, and wallets, he suggested.

In 2022, footwear exports to the UAE brought home $185 million, rising nearly 50 per cent from a year earlier; textiles and garments $132 million; timber and wood products $27 million, statistics show.

The Handicraft and Wood Industry Association of HCM City has registered to take part in a woodworking fair in the UAE in 2023. This event, which will gather many international exporters and importers, will be a good chance for Vietnamese firms to seek partners, Trung said.

In addition, some agricultural and fishery products of Việt Nam are holding a big market share in the UAE and can be exported more to this market.

Data in 2022 show that fishery exports to the UAE increased by over 18 per cent year on year. Việt Nam is currently the biggest exporter of frozen tra fish fillet there, with an over 50 per cent market share. Such fruits as dragon fruit, watermelon, and seedless lime from the Southeast Asian country are also dominating this market.

However, the UAE is a market with fierce competition in terms of prices and quality, the official noted, adding that the Islamic country requires food and beverage imports to have Halal certificates, and also imposes high import tariffs, up to 50 per cent, on sugar-sweetened beverages.

Despite considerable challenges, Trung held that the UAE is attractive enough for Vietnamese firms to capitalise on since it is a highly open market, has few tariff barriers, and serves as a point of transit for goods to reach the Middle East, Africa, and Southern Europe.

Besides, the UAE is a party to the Gulf Cooperation Council (GCC), whose members share a common customs law system, so when Vietnamese goods are exported to this market, they can enter other GCC members without having to pay more taxes.

The UAE has asked Việt Nam to consider the early signing of a bilateral comprehensive economic partnership agreement so as to further facilitate Vietnamese products’ entry into the Middle Eastern country, according to Trung.

— VNS     LINK

KTFA Members "Tuesday News" 2-28-2023

KTFA:

Henig:  Seven members of the Kurdistan Regional Parliament submit their resignations

| Today, 18:02 | 

Baghdad Today - Baghdad

On Monday, a number of members of the Kurdistan Regional Parliament submitted their resignation from the Council.

An informed source told Baghdad Today that "seven deputies in the Kurdistan Regional Parliament submitted their resignation from the Council against the background of extending the life of the regional parliament."

The source added that "the deputies who submitted their resignation are (Shirku Jawdat Mustafa, Abu Bakr Abdullah Saeed, Ismail Ali Taha, Sargnar Ahmed Mahmoud, Halz Ahmed Muhammad Hassan, Ali Ham Saleh Taha, Kazem Farouk Namiq)."

The Kurdistan Regional Parliament plans to hold a session next Wednesday to discuss a number of draft laws and present the resignation of the 7 deputies to a vote.   LINK

Clare:  urgent... The Secretary-General of the United Nations arrives in Baghdad today on an official visit

2/28/2023
The Ministry of Foreign Affairs announced the visit of the Secretary-General of the United Nations, Antonio Guterres, today, Tuesday, to Baghdad.

The ministry's spokesman, Ahmed Al-Sahhaf, said in a statement, which Al-Furat News received a copy of, that: "The Secretary-General of the United Nations, Antonio Guterres, arrives today in Baghdad on an official visit."   LINK

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Clare:  Al-Mandalawi calls on ICAO to help lift the European ban on Iraqi flights

2/28/2023

Today, Tuesday, First Deputy Speaker of the House of Representatives, Mohsen Al-Mandalawi, called on (ICAO) to help lift the European ban on Iraqi flights, after its commitment to international aviation standards.

The media office of the First Deputy Speaker of Parliament said, in a statement received by the Iraqi News Agency (INA), that "First Deputy Speaker of Parliament Mohsen Al-Mandalawi met in his office today, the Secretary-General of the International Civil Aviation Organization "ICAO" Juan Carlos Salazar, and his accompanying delegation, in the presence of the President. The Iraqi Civil Aviation Authority, Imad al-Asadi.

Mandalawi called on the International Civil Aviation Organization to "help return Iraq to its normal position at the level of air transport, and lift the European ban on the green bird, especially after its commitment to security audit controls, standards and contexts of international civil aviation, and an emphasis on developing national capabilities and developing air transport efficiency in accordance with standards." international".

The First Deputy affirmed "the support of all presidencies for the Civil Aviation Authority, and the Parliament's keenness to legislate laws and approve international agreements and treaties that would improve air transport work, and provide the required support
for the success of the goals of this visit."   LINK

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

Henig:  Oil rises after Russia's plans to cut oil exports

2023-02-27 20:39

Oil prices rose on Tuesday, after Russia's plans to reduce its oil exports, this comes after oil prices fell on Monday on concerns about rising interest rates, which led to a decline in demand, and expectations of an increase in US crude inventories.

At 04:25 GMT, April Brent crude futures were up 82 cents at $59.14 a barrel, and U.S. West Texas Intermediate crude futures were up 24 cents at $75.92 a barrel.

Russia announced a plan to cut its oil exports from its western ports by as much as 25% in March versus February, exceeding previously announced production cuts of 5% of its output during the month that provided an opportunity to raise oil prices.

The threat of further interest rate hikes in the United States after stronger-than-expected new orders for basic capital goods manufactured in the United States in January limited oil prices.

A number of oil industry specialists expect crude inventories to grow in the week to end, which will mark the tenth consecutive week of increase and thus affect oil prices.   LINK

Henig:  With anticipation of the results. Chinese yuan chases dollar in Iraq's foreign trade

 3 hours ago

New transactions in Iraq's foreign trade through the use of the Chinese yuan currency to help strengthen its dinar and to relieve pressure on the dollar after the latter witnessed large booms against the Iraqi dinar in the parallel market, which caused major economic problems and revived the black market.

The Central Bank of Iraq revealed that the move to pay in Chinese yuan comes within the second package of transactions, which includes the regulation of foreign trade from Beijing, by providing facilities for financial transfers to the United States and Europe, with the same mechanism later.

A number of specialists in fiscal and economic policy agreed that the use of the Chinese yuan currency comes to relieve pressure on the dollar and reduce the time period for cash transfers for trade purposes.

Payment is subject to compliance

The financial adviser to the Prime Minister and former Deputy Governor of the Bank, Mazhar Muhammad Saleh, said in a press interview seen by "Taqaddum" that "the step of payment in yuan comes to be the mechanisms that are in dollars lighter," adding that "this does not mean that it is not subject to compliance rules, as all foreign transactions and financing foreign trade, whether in dollars, yuan or euros, are subject today to the compliance platform, which must be correct papers and the last beneficiary is present and the goods enter Iraq."

He added that "this measure will not extend its application to Iraq's oil trade," explaining that "this measure only covers private sector imports."

He pointed out that "Iraq's trade with China is large and in order not to be hindered, the Chinese yuan has been adopted as an intermediate currency to finance foreign trade for the private sector only, but this does not prevent the existence of audit, compliance and knowledge of the last beneficiary."

Ash in the eyes

Economist and oil expert Hamza Al-Jawahiri said in a press interview seen by Taqaddam that "the use of this or that currency in trade exchanges and monetary and financial transactions is not subject to superficial decisions, but to the facts that control the global monetary system."

He added that "many countries previously announced the abandonment of the dollar and the adoption of other currencies such as the ruble and the yuan, but these decisions were often futile and are an attempt to sow ashes in the eyes and achieve fake victories, as it is a matter of confidence in these currencies and the extent of the independence of the central banks issuing them."

He pointed out that "the adoption of the yuan for the foreign trade of any country means narrowing the opportunities for trade exchange to a large extent because the confidence of dealers at the global level is limited, while the dollar still sits on the throne of monetary transactions."

He stressed that "most of Iraq's foreign trade is taking place with China, if Iraq succeeds in converting it into Chinese yuan, this is considered a liberation from the domination of the dollar on global trade and will be in the interest of Iraq."

Conversion is faster

The economist and professor of economics at the Iraqi University confirmed that "the use of the yuan currency in foreign trade with China will be subject to the same previous conditions and not be outside the electronic platform, which is the point that some imagined that it would not be subject to the platform," noting that "in any case you will pay in dollars until you get the other currency."

He added that "a section of traders called on the government to import goods from China in their local currency to facilitate the import process faster, which was approved by the Central Bank of Iraq," pointing out that "the trader can open an account in the Central Bank of China or the Asian Development Bank or even through the American JP Morgan, which will finance Iraqi trade through China by paying in dollars and converting it to the Chinese yuan."

"This process may make traders feel more secure, liberated and fast in transferring after these transfers were made for more than 20 days, which is a long period for them, while relying on the Chinese bank as an agent or the Asian Development Bank will shorten the period because there is a financial balance in these banks," he said.

Iraq witnessed a shortage of dollars after being subjected to pressure from the United States aimed at limiting the flow of money to neighboring countries, which have been imposed financial sanctions by the United States of America, and the Federal Reserve Bank of New York imposed last November stricter controls on dollar transactions for Iraqi commercial banks, as a result, the approval of transfers slowed down and eventually prompted traders to buy dollars from exchange offices, which raised the prices of the dollar against the Iraqi dinar to high levels that led to a rise in the prices of basic materials and food in the local markets.    LINK

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

Henig:  The citizen in need of the dollar can only find it with speculators

Feb. 28, 2023

Baghdad/Obelisk: Iraqi citizens complain about the lack of smooth dealing in dollars through private banks, forcing them to wait for hours without a breakthrough.

The Central Bank authorized the sale of dollars to citizens at the official rate, by a number of private banks, within the monthly quota of $ 7,500.

Currency traders are accused of acquiring citizens' shares in agreement with banks.

Dollar exchange rates have stabilized in domestic markets. Selling prices were 152,500 dinars per $100, while purchase prices were 152,100 dinars per $1300. The bank decided earlier to amend the exchange rate of the dollar against the dinar, as the price of buying the dollar from the Ministry of Finance reached 1310 dinars per dollar and selling it 1320 dinars per dollar to banks through the electronic platform, and it is sold from banks to the final beneficiary at a price of <>.

Speculators are active on the black market for the dollar, which has kept the dollar exchange rate high in the parallel market and a difference of up to 200 dinars from the official rate.

The bank launched a second package of reforms to push the dollar lower closer to the official rate, and focused on facilitating trade financing from China through the electronic platform, as well as facilitating remittances to the United States and Europe, as well as facilitating citizens' transfer of funds through international companies (Western Union and MoneyGram) and for multiple purposes.

But banks complain about the difficulty of obtaining dollars, and the delay in disbursing funds, which reaches a period ranging from 10 to 14 days from the date of submitting the application, and in limited quantities that do not exceed $ 100,200 per request and do not exceed $ <>,<> per month and do not cover the market need.

Economic advisor Ziad al-Hashemi expects that if banks, companies and traders fail to adapt to the requirements of external transfer controls, the dollar exchange rate will continue to rise, noting that the continued support of the dinar from falling costs the Iraqi treasury millions of dollars per month.

Journalist Ali al-Azzawi believes that the Iraqi government should provide teams and committees to follow up the exchange rate of the dollar in private and government banks and monitor traders and market owners that exploit this situation under the pretext of the rise of the dollar, calling for strict penalties to control the economic situation in markets and banks.

Activist Aziz talks about private banks that have shell companies that withdraw dollars from the currency auction, go to the black market and flee out of Iraq under the pretext of importing from fake companies that do not exist.

The continued work of speculators leads to market confusion, in addition to the backwardness of monetary instruments in Iraq, as the interest rate has not been well invested, and the bonds offered are also ineffective, and even compulsory saving is not a suitable option at the present time as a result of the problems caused by a "living crisis" resulting from the mismanagement that accompanied the process of changing the previous exchange rate, which led to the loss of the citizen about 50% of his real income, according to the economist, Dr. Abdul Rahman Al-Mashhadani, considering that the inactivity of banks and the lack of Providing appropriate financial incentives that enable them to attract the money hoarded by citizens, which is estimated at about 77% of the total issued currency, pointing out that this matter needs real education and hard work by banks.    LINK

Iraqi News Highlights Tuesday Afternoon 2-28-23

Iraqi News Highlights Tuesday Afternoon 2-28-23

Tlm724 Administrator Bondlady’s Corner

The President Of The Republic: The Government Will Provide The Best Services To Citizens If The Budget Is Approved / Expanded

Tuesday 28 February 2023 18:28 | political Number of readings: 56  Baghdad / NINA / - The President of the Republic, Abdul Latif Jamal Rashid, received today, Tuesday, at the Baghdad Palace, British Minister of State for Middle East and North Africa Affairs, Lord Tariq Ahmed, and his accompanying delegation.

During the meeting, the President referred to the close relations between the two friendly countries, and the need to strengthen them in a way that contributes to expanding the volume of cooperation in various fields to serve the common interests of the Iraqi and British peoples.

Rashid pointed to the suffering left by the terrorist organization ISIS to Iraqis, especially Christians and Yazidis, pointing out that he is in contact with Christians, and there are efforts being made with international organizations to rebuild the city of Sinjar, end the file of the displaced, and implement the Sinjar Agreement.

The President said, "The government has an ambitious program that includes providing the best services to citizens once the budget is approved, expressing the aspiration to benefit from British expertise in the fields of infrastructure reconstruction, provision of necessary services, and facing the challenges of the environment and climate change and their negative effects on life."

The President of the Republic indicated that "Iraq's relations with neighboring countries are good and constructive, stressing: "Iraq supports Syria's return to the Arab League.

" The Republic expressed its appreciation and pride in the generous invitation.

https://ninanews.com/Website/News/Details?key=1037432

To More Than 154 Thousand.. The Dollar Rises In Baghdad With The Closing Of The Stock Market

Economie  Tuesday, February 28, 2023 4:17 PM  Baghdad / The National News Center

The exchange rates of the US dollar rose against the Iraqi dinar, today, Tuesday, with the closure of the main stock exchange in Baghdad.

The correspondent of the National News Center said, “The central Kifah Stock Exchange in Baghdad closed at an exchange rate of 154,200 Iraqi dinars against 100 dollars, while the prices this morning were 153,700 thousand dinars against 100 dollars.”

He added, "The buying and selling prices in exchange shops in the local markets in Baghdad have stabilized, as the selling price reached 155,000 Iraqi dinars, while the purchase prices reached 153,000 dinars for every 100 dollars."    https://nnciraq.com/189821/

Mandalawi Calls On Private Banks To Support The Government's Efforts And Work To Stabilize The Market

Tuesday 28 February 2023 18:02 | Economical Number of readings: 96  Baghdad / NINA / - Deputy Speaker of Parliament, Mohsen Al-Mandalawi, called on private banks to support the government's efforts and work to stabilize the market.

Mandolay stressed, during an expanded meeting held today with a number of directors of private Islamic banks, in the presence of a number of heads of parliamentary committees and representatives: "The banking sector is one of the most important factors for the advancement of the economic reality of countries."

He called on bank departments to exercise their active role in supporting the government and its decisions and endeavors aimed at regulating the banking reality, stabilizing the market and fighting currency smugglers.

During the meeting, a number of files related to activating some laws related to the work of banks and monetary policy were discussed.

Al-Mandalawi called on banks to launch advanced banking services to serve citizens and economic sectors, and expand them to include all the promising opportunities that are waiting to be delved into, provide direct support to them, and work to contribute to the events of discreet development to serve all segments.

He called on the management of the Central Bank, banks, and those concerned with financial and monetary policies to study and implement the decision to reduce the interest rate on loans granted to citizens in general and the industrial and commercial sectors in particular./ End 7 To

https://ninanews.com/Website/News/Details?key=1037429

The Central Bank’s Dollar Sales Increased By 124%

Economy News-Baghdad  Today, Tuesday, a report by the Central Bank of Iraq confirmed that its sales increased by 124%, to record $233 million.

The bank's report stated, "It sold today, during a window for buying and selling US dollars, 233 million and 921 thousand and 34 dollars, an increase of 124% compared to yesterday, Monday, which amounted to 104 million, 216 thousand and 250 dollars, which the bank covered at a basic exchange rate of 1305 dinars per dollar." Dollars for documentary credits and international settlements of electronic cards, at a price of 1310 dinars per dollar for foreign transfers, and at a price of 1310 dinars per dollar in cash.

He added, "Most of the dollar sales went to reinforce the balances abroad in the form of (remittances, credits) at 180 million 321 thousand and 34 dollars, while the rest of 53 million and 600 thousand dollars went in the form of cash sales.

He pointed out that the banks that bought cash dollars amounted to 15 banks, while the number of banks that met requests to strengthen balances abroad reached 23 banks, while the total number of exchange and mediation companies participating in the auction was 190 companies.

140 views   Added 2023/02/28 - 2:24 PM   https://economy-news.net/content.php?id=32714

Investors Association: Non-Distribution Of Profits Is Behind The Decline In Investment In Corporate Shares

Money and business  Economy News-Baghdad  The head of the Association of Investors in the Iraqi Stock Exchange confirmed that the decline in investment in the Stock Exchange is due to companies not distributing profits.

Alaa Al-Moussawi told Al-Eqtisad News that investment in the stock market began to decline due to companies not distributing profits, and the dominance of major investors in the decision-making process in the company.

He added that most foreign investors refuse to enter the market because of the lack of disclosure and lack of distribution of profits, especially after the decline in the shares of many companies from 2 dinars to 300 fils.  Views 153  Added 02/28/2023 - https://economy-news.net/content.php?id=32716

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

https://www.bondladyscorner.com/

8 Steps To Improve Your Finances in One Year

8 Steps To Improve Your Finances in One Year

Feb 1, 2023  By Jordan Rosenfeld

Financial security is at the top of many people’s wish list. Whether you’re in a job that doesn’t pay what you deserve, you’ve got too much debt or your spending habits outreach your income — this next year can be the one where you finally improve your money situation.

Follow these expert tips to make it happen:

Take Control of Credit Card Debt With a Balance Transfer

Paying down debt should be a top priority for anyone trying to improve their finances in a year’s time. One strategy is to move your existing credit card balance over to new card that offers a very low interest rate. While the amount you owe won’t change, you’ll save money on interest payments, allowing you to pay down your balance more easily.

When choosing a credit card for a balance transfer, you’re looking for two key characteristics: a very low introductory rate and low balance transfer fees.

One card that fits the bill is Navy Federal Credit Union’s Platinum Credit Card. With a low intro APR for 12 months on balance transfers made in the first 60 days, the Platinum Credit Card is designed to help you pay off your credit card balance faster.

After the introductory period ends, the Platinum Credit Card still offers a low variable APR for balance transfers. That rate also applies to new purchases, so this card is ideal for any larger purchases you may have planned.

Prioritize Your Car Loan

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

https://www.gobankingrates.com/money/financial-planning/steps-improve-your-finances-in-one-year/?utm_term=incontent_link_13&utm_campaign=1211296&utm_source=yahoo.com&utm_content=13&utm_medium=rss

Goldilocks Tuesday AM "Global Financial Inclusion" 2-28-2023

Goldilocks and Seeds of Wisdom

Thank you R.J.

R.J:  Good morning Dinar Recaps,

Goldilocks posted two commentaries with links on Iraq:

Iraq is mobilizing their top countries' people and resources to develop a strategy for Global Financial inclusion.

They are currently synchronizing their efforts with the local economy to move forward with their Global economic reforms in coordination with the Global Alliance for Financial Inclusion (AFI).

In other words, they are standardizing their financial process to become a part of the Global Financial community.

© Goldilocks

https://cbi.iq/news/view/2252

~~~~~~~~~~~

Iraq is expanding their Electronic Financial Services into the Global Financial Giant Visa.

Discussions around how Visa would help to regulate their Market along with instructions to implement their regulations and services were covered.

Iraq is preparing to "activate" electronic payments through the use of technology provided by Visa.

© Goldilocks

https://cbi.iq/news/view/2251

Goldilocks' Telegram Room

https://t.me/+YU9UrHLxFbszOTJh

Goldilocks on the Seeds of Wisdom Team Website

https://www.seedsofwisdomteam.com/goldilocks

"Coffee with MarkZ" Tuesday Morning Chat "NDA's" 2-28-2023

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: GM Markz, mods and fellow RVers.

Member:  Good morning everyone - happy Tuesday! I hope this is going to be a fulfilling profitable week

Member Hey everyone. Is today going to be notification day?

Member:  I love the fact we are seeing Progress. That is better than none..

Member: I wonder ​How long after the Tiers above us get funded would we go?

Member: Guess it depends whether or not it’s a shotgun start…or if they have us go in stages?

Member: I have heard that because of the amount of trade between Iraq and Vietnam….if Iraq goes first and alone….it would force Vietnam to go as well.

MZ: I couldn’t agree more……I have a number of contacts that have also told me that it would cause major trade imbalances if they both don’t go.

Member: Mark did u hear what Wolverine put out that he received an email that Teir one will release on the first ?

Member: Wolverine says signed NDA Tuesday and says things are starting 3/1!!!!

MZ: There has been a lot of chatter about Tier 1…and a release tomorrow. Also Tier 2….for a release of dollars tomorrow.

MZ: Lots of chatter from Bond people ….from multiple bond people this morning that they expect to be gone until mid July starting tomorrow.  They are letting me know they will be out of communication…..starting tomorrow…..(NDA?)  That chatter has been great. Overall everything has been great…….

Member: Hope the rumors of T1, getting funded March 1 are true and this is the beginning of the RV

Member: So Mark, why would Bond Folks have to clam up all the way through mid-July if it's supposed to start tomorrow!

Member: All I can think of is they will be under a NDA that lasts until mid July??

MZ: So if they sign NDAs tomorrow….it would last 90-120 days……

Member: I hear our NDA’s will last for 90 days

MZ: you are hearing what I am suspecting…based on that timing. .

Member: has anyone ever been busted for violating an NDA?

Member: Best to be quiet and not risk losing it all.

Member:  its safer to live permanently like on NDA .don't shere any info if it's not nessasery...be smart be safe

Member: My DNA can not wait to meet my NDA.

Member: I'm buying a motorhome and heading cross country until my NDA expires

Member: I wonder if NDAs will be the same for all tiers?

Member: Re: NDA….You can't give the rate you got. Other people can go to the banks later and get whatever the street rate is. You might have got $5 at the RC but they only got $2.50.

Member: Question. Wouldn't the start of NESARA/GESARA be great cover for the RV? I wonder if its still supposed to start tomorrow too?

Member: Mark Do you think Tier 4b notices tomorrow or Thursday?

MZ: Whatever I think is just speculation……

Member: Will we get notifications once Tier 1 is funded.

MZ: I would expect that we will get notifications once Tier 1 is funded. Most of my contacts beleive that the general public or Tier 5 will find out about it mid March…..that would mean we all would need to be done and gone by then. We will need to be calm and quiet…….The overwhelming majority of my sources believe it will start in the next hours or within a day or two.

Member: Everyone needs to keep their traps shut.

Member: The less people you tell, the safer you will be. It's quite simple.

Member: So how long will our NDA last?

MZ: We will not know until we get there….but my guess is it could be around 3- 4 months …but that is totally a guess.

Member: From Iraq:  I have been told that the budget does go to parliament today …I was expecting it yesterday…..but now being told it will go to parliament late in their day today and tackle it on Wed. in Iraq.

Member: Massive SKR gold boxes received by China –Xi contact

MZ: I have heard that a number of the golden dragon bonds have been received …and sure fits with some of the chatter we have been hearing.

Member: Dow is down 107-

Member: IMO the stock exchange had their dead cat bounce yesterday so today the bottom falls out

Member: Getting to the end of the sprint. The long part is what we do with the blessing after redemption.

Member: Beware of the ides of March! The Roman Empire ! March was known as , the Roman God of War , Mars !

Member: Mark, thank you as always for bringing all the latest news & updates.

Member: Thank you, Mark and Mods for all you do. Have a great day, Everyone!

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

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

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

 The next stream is tonight at 7 pm est……unless.

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/

Follow Mark on odysee ( formerly known as library) at https://odysee.com/@theoriginalmarkz:e

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=Uun4negcfN4

"Tidbits From TNT" Tuesday Morning 2-28-2023

TNT:

Tishwash:  Iran announces the discovery of huge reserves of a precious metal

Director General of the Geological Exploration Department at the Iranian Ministry of Industry, Ibrahim Ali Malabiji, stated that geologists discovered the first lithium deposits in Iran, with reserves estimated at 8.5 million tons of ore.

Fars News Agency quoted the Iranian official as saying, "Iran is one of the few countries that has sufficient reserves of rare earth elements and precious metals. The discovery of the first lithium deposits in Hamedan province paves the way for the discovery of other precious metal deposits in this province."

Bolivia leads the world with lithium reserves, estimated at 21 million tons, followed by Argentina (19 million tons), Chile (9.6 million tons), Australia (6.4 million tons) and China (5.1 million tons).

Lithium is a necessary component for the production of all electric vehicle batteries and consumer electronics. Lithium-ion batteries are also widely used in many other applications, from energy storage to air transport.   link

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

CandyKisses:  Al-Sudani enumerates the benefits of banking digitization and Visa supports the plan of the government and the Central Bank

Twilight News / Prime Minister Mohammed Shiaa Al-Sudani said on Tuesday that the government's plans to digitize banking transactions will facilitate financial transactions for citizens and combat money laundering, while representatives of Visa expressed their comprehensive support for the government's plan and the Central Bank to publish electronic card points of sale (POS).

"Prime Minister Mohammed Shiaa Al-Sudani received, on Tuesday, a delegation from Visa International Electronic Payment Cards," the Prime Minister's Information Office said in a statement received by Shafaq News.

During the meeting, Al-Sudani expressed "the government's determination to implement reform, and to proceed with financial inclusion and digitization plans for banking transactions, and upgrade them; to meet international standards and specifications in force at an international level," according to the statement.

Al-Sudani stressed that "the government's steps in this field will facilitate financial transactions of citizens, reduce time and strengthen the umbrella of the law by implementing controls that combat money laundering."

For their part, Visa representatives pointed to "their comprehensive support for the government's plan to publish points of sale with electronic cards (POS), the steps of the Central Bank of Iraq, and the government program seeking more flexibility in economic transactions, while raising the level of efficiency and legal commitment," according to the statement.

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

Tishwash:  Cougar reveals the details of the settlement to recover the money of the corrupt

 Today, Tuesday, a member of the Parliamentary Finance Committee, Jamal Cougar, revealed proposals for the mechanisms used to recover smuggled funds abroad.

Cougar said, in a statement transmitted by the correspondent of (Iraqi Media News Agency / WA), that “the mechanisms used in recovering smuggled funds are limited to several means, including following the international Interpol route and arresting any corrupt or criminal, and bringing him to the requesting country.” Pointing out that the second method is through diplomatic representation and according to the state’s agreements with other countries, by refusing to reside any opposition, corrupt, or wanted person in the corresponding country.

Cougar added, “The third method is that international companies adopt corruption files and follow them up in exchange for a percentage of the money, while the fourth method is to contact the smuggler for the amount to obtain a specific percentage of the money he acquired in the event that 80% of it is returned, from the “fifth way without legal consequences.” Indicating that it is the announcement of a reward at a specific rate for anyone who gives the government information about smuggled money, because the quantities and places of smuggled money are not known.

And he pointed out that there are people who are aware of the smuggled amounts and do not have to disclose them, pointing out that “there is no specific number for the smuggled amounts, because the previous governments failed in this matter with some personalities and did not open it, in addition to that the smugglers of money are influential figures previously and currently.” The file was not opened as required, as it was passed unnoticed without serious steps.   link

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

Tishwash:  Deputy: Reducing the price of the dollar, the last arrival of the budget on time

Representative Nazem Al-Shibli attributed, on Tuesday, the reason for the delay in the arrival of the budget to parliament by making some reforms and changes underway by the government after officially reducing the exchange rate of the dollar.

Al-Shibli said, in a statement to Al-Maalouma, that "the decision to change the exchange rate of the dollar forced the government to conduct a comprehensive review of all items of the budget, as the main reason was the delay in sending it to Parliament," noting that "the government has reached the final technical and mathematical stages, and that its arrival in Parliament is very close." "

He added, "The negotiations between the government and the region have no impact on the progress of technical procedures in accordance with the government's vision and in accordance with its government program."

And the representative of the Al-Fateh Alliance, Ali Turki, had confirmed in a previous statement to Al-Maalouma that the budget would soon arrive after making some digital changes to the amounts after decreasing the price of the dollar.  link

Mot:  ....... the Things You Learn on the Internet!! ~~~

Mot: Yet another Insightful Tip on Raising the Wee Folks - from Mot of Course!