Friday Morning Iraq Economic News Highlights 3-31-23
Friday Morning Iraq Economic News Highlights 3-31-23
The Central Bank Announces "Liberating The Dollar From Restrictions": The Difference Between The Official And Parallel Rates Will Disappear
Baghdad - IQ Deputy Governor of the Central Bank Ammar Hamad said, on Thursday, that the difference between the official exchange rate of the dollar against the dinar, and the parallel rate in the markets will gradually disappear. Hamad said, in statements to state television, followed by IQ NEWS, that "the Central Bank has liberated restrictions on sales, and it can sell any amount of dollars as long as there is a real demand for it."
Friday Morning Iraq Economic News Highlights 3-31-23
The Central Bank Announces "Liberating The Dollar From Restrictions": The Difference Between The Official And Parallel Rates Will Disappear
Baghdad - IQ Deputy Governor of the Central Bank Ammar Hamad said, on Thursday, that the difference between the official exchange rate of the dollar against the dinar, and the parallel rate in the markets will gradually disappear. Hamad said, in statements to state television, followed by IQ NEWS, that "the Central Bank has liberated restrictions on sales, and it can sell any amount of dollars as long as there is a real demand for it."
"The difference between the official and parallel exchange rates for the dollar will gradually disappear," he added. And the Deputy Governor of the Central Bank continued that the number of governmental and private banks exceeds 70 banks, and the Central Bank is "very good at sorting out good and not so good banks." https://www.iqiraq.news/economy/48401--.htm
The Central Bank Of Iraq Identifies The Reasons For The Gradual Decline In The Dollar Exchange Rate
Economy 10:36 - 2023-03-31 The Central Bank of Iraq identified the reasons for the gradual decline in the dollar exchange rate recently, while noting that the difference between the official and parallel exchange rates will gradually disappear.
The Deputy Governor of the Central Bank, Ammar Hamad Khalaf, said, "The central bank has taken several measures to reduce the price of the dollar, especially through the three packages that it launched at the beginning of this year, which were sufficient to address the high exchange rate in the parallel market."
He added, "The bank met with the Federation of Iraqi Chambers of Commerce and a number of merchants to discuss the challenges and put in place mechanisms to address them," suggesting that new packages would be issued to address all the challenges facing merchants to facilitate their access to foreign currencies.
He explained behind the gradual decline in the price of the dollar in the past two days to the increase in the volume of sales of the central bank, "noting that" the bank liberated restrictions on sales, and the bank can sell any amount of dollars as long as there is a real demand for the dollar, "explaining, that" the difference between my price The official and parallel exchange will gradually disappear.”
He pointed out, “Iraq does not need to establish new banks at the present time or in the future, but rather activate the existing banks,” pointing to “the presence of more than 70 governmental and private banks,” noting that “the Central Bank is serious about sorting Good banks from not so good.
He pointed out that there was a great response by banks to the instructions of the Central Bank regarding the official exchange rate, "calling at the same time to facilitate the procedures for merchants' transactions quickly." https://kirkuktv.net/AR/Details/14250
Al-Azm Calls On The Presidency Of Parliament To Expedite The Transfer Of The Budget To The Finance Committee
Policy |Today, 01:22 Baghdad today - Baghdad On Friday, the Azm Alliance called on the First Deputy Speaker of the House of Representatives to expedite the transfer of the budget from the Presidency of Parliament to the Finance Committee in the House. LINK
An American Perception.. The Budget Agreement Is Invalid After 2023, And The Solution Is To Establish "Skomo"
2023-03-30 10:58 Shafaq News/ An American report identified the issues that still need negotiations and settlement between the Kurdistan Region and the federal government in Baghdad, regarding the 2023 budget, considering that the government's approval of the current draft budget does not definitively answer many questions.
After a year-long process full of bickering to form the government after the 2021 parliamentary elections, the country remained without a budget in 2022, and expenditures were limited to paying salaries and pensions.
A report by the American "Washington Institute" for research, translated by Shafak News Agency, stated that during the past years, debates over allocations and deductions were mixed with broader questions related to the principle of federalism: Does the region have the legal authority to explore for and market oil? And what should be the per capita share of non-sovereign spending in the absence of an official population census? What percentage of the budget should be allocated to non-sovereign expenditures?
And the American report considered, “Each faction of Iraq has its own and strong motives to pass the current year’s budget as soon as possible,” noting that “investments are still frozen at a time when oil prices are high, and federal reserves have accumulated to currently record a huge level of 115 billion.” dollars, given that the 2022 budget was not approved.
Baghdad Pragmatism
The report stated, "All factions are now eager to benefit from the resulting budget, which will be larger than usual, and which is expected to include $152 billion in spending, or a full 50% of the 2021 budget. Therefore, allocating a share for the Kurds is within everyone's reach." year, and the KRI's spending needs can be met (albeit barely) without focusing on other beneficiaries.
The report pointed out that there are issues that still require negotiation, and in practice, many decisions must still be taken, as one of the most important outstanding issues is the marketing of the quantities of oil produced by the region, amounting to 400 thousand barrels per day, and the method of managing the revenues generated.
He believed that Baghdad had, in the past, drawn up overly complex schemes for the region to force it to hand over all or part of its oil exports to the federal authorities in the port of Ceyhan on the Turkish coast, where the pipeline route between Iraq and Turkey ends.
And the American report pointed out, “This time it seems that Baghdad will suffice with adopting a more pragmatic approach, as according to the provisions of the current budget draft, the region will market its oil and deposit the revenues in a bank account that federal officials can monitor, and after that, Baghdad will deduct that amount from its monthly allocations.” to the region, with the transfer of any surplus funds owed to the Kurds.
However, the effect of this arrangement will be valid for only one year, and perhaps only half a year in practice, given that finalizing the budget may take a few more months, and therefore a more sustainable system cannot be imposed before Iraq passes a federal oil and gas law, and perhaps a law sharing revenues as well,” according to the American report.
Oil Deal
The report believes that only through a legal settlement at this level may be sufficient to reconsider the decision of the Federal Supreme Court issued in February 2022, which ruled the unconstitutionality of the region’s oil exports, otherwise the oil and gas law approved by the regional government in 2007 and related investment contracts will remain unconstitutional. legitimacy.
In addition, the report considered that Baghdad, the regional government and other oil-producing provinces must agree on a few other matters if they hope to facilitate further progress on these issues after the 2023 budget agreement, including "sharing revenues according to a fixed equation."
Founding of "Skomo"
In addition to determining the region's per capita share of non-sovereign expenditures, Baghdad must resolve the controversy over sovereign and non-sovereign expenditures, and therefore it must determine the size of the "candy cake" from which the region will receive a piece, according to the "Washington Institute" report.
The American report believed that this measure must be taken so that a similar agreement does not arouse resentment among non-Kurdish voter bases. It is better for the government to include compensatory incentives in the projects of the executive ministry in oil-rich southern Iraq for the years 2023 and 2024.
The Washington Institute urged, according to its report, to "introduce gradual changes to oil marketing," adding, "The region must market its oil to pay off debts owed to merchants amounting to $3.5 billion, as it seems that Baghdad is unwilling to bear these arrears." ".
He stated, "After paying off these debts, it is possible to reach an arrangement for joint oil marketing, similar to the implementation of the proposal that is repeatedly put forward regarding the establishment of the Iraqi and Kurdish Oil Marketing Company (Skomo)."
The American report warned that "any change in international contracts (almost all of which are codified in the English law for arbitration in foreign courts) may lead to many lawsuits that would harm Iraq's level of friendship with investors."
Therefore, the report stressed the need for "any new oil and gas law to exclude the provisions of the current contracts signed under the (Kurdistan Oil and Gas Law of 2007)".
He added, "If the proposed Kurdish regional oil company is established as a joint venture between the federal and Kurdish ministries of oil, it should be given full local authority to approve annual plans and budgets for field development."
Kurdistan reforms
In addition, the American report stressed the need to "undertake economic reforms in the region, despite the large share allocated to Kurdistan from the huge national budget, the region will hardly be able to establish a balance in its regional budget for this year."
And he believed that "the situation is likely to be better in the coming years, so the regional government should prepare by carrying out economic reforms such as reducing subsidies, increasing efficiencies, and transferring public sector employees to the private sector."
On the political level, the report said, "The credit goes to international actors, led by the United States, for resolving the issue after urging the main parties in the Kurdistan Region to show greater flexibility on local Kurdish issues and greater unity in their dealings with Baghdad."
The American Institute concluded the report by stressing the need to continue these efforts with the same intensity until the oil and gas law is ratified. Inaction now may quickly lead to a renewal of the dispute between the Kurds, which may eliminate the possibility of signing a historic agreement.
Translation: Shafak News Agency LINK
Parliamentary Committee: Obstructing The Approval Of The Budget Completely Paralyzes The Economic Sectors In The Country
Political | 10:40 - 31/03/2023 Baghdad - Mawazine News, a member of the Parliamentary Oil, Gas and Natural Resources Committee, Zainab Al-Moussawi, called on the Presidency of the House of Representatives to include the budget law for the year 2023 on the agenda in the upcoming sessions.
Al-Moussawi said, in an interview reported by her media, that "disrupting the approval of the federal financial budget for the year 2023 completely paralyzes the economic sectors in the country, in addition to the direct and broad impact on the lives of citizens, in light of the dependence of thousands of workers on investment projects related to the budget."
Al-Moussawi called for "the need to include the financial budget law for the year 2023 on the agenda of the House of Representatives for the upcoming sessions, in order to approve it."
Al-Moussawi indicated, "The financial budget represents the main tool for achieving the state's general policies, whether economic, social or service, and it is a presentation of the government's plans and annual programs that it prepares in response to challenges."
https://www.mawazin.net/Details.aspx?jimare=223323
The Dollar Is Heading To Record The Second Quarterly Loss In A Row
Time: 03/31/2023 09:52:54 Read: 1,209 times {Economic: Al Furat News} The dollar is heading towards recording the second quarterly loss in a row, today, Friday, while investors believe that US interest rates are close to their peak.
It seems that the modest support resulting from the demand for safe havens in mid-March is about to expire, after concerns about the banking sector rocked global markets.
The dollar index fell 1.3% during the first quarter of the year, while the euro rose 0.5% overnight after data on inflation in Germany reinforced expectations of further rate hikes in the euro zone.
The euro recorded in the latest trading in Asia a slight rise to $ 1.0, and the dollar rose 0.2% against the yen to 133 yen, while Societe Generale analysts expected that the dollar would remain restricted to a limited range until the impact becomes more evident, but if the US interest rate expectations continue to be re-evaluated, There will be more backtracking.
The New Zealand dollar recorded its highest level in nearly two weeks at $0.6, and declined by about 1% during the first quarter of the year, while the Australian dollar rose 0.2% to $0.6, which is also down by about 1.3% during the quarter.
Eurozone inflation and core personal consumption expenditures in the US are due later in the day. LINK
Parliamentary Calls To Expedite The Inclusion Of The 2023 Budget On The Parliament's Agenda
Iraq 2023-03-31 A member of the Parliamentary Oil, Gas and Natural Resources Committee, Zainab al-Moussawi, called on the Presidency of the House of Representatives to include the budget law for the year 2023 on the agenda in the upcoming sessions. Direct and broad impact on the lives of citizens, in light of the dependence of thousands of workers on investment projects linked to the budget.
Al-Moussawi called for "the need to include the financial budget law for the year 2023 on the agenda of the House of Representatives for the upcoming sessions, in order to approve it."
Al-Moussawi indicated that "the financial budget represents the main tool for achieving the state's general policies, whether economic, social or service, and it is a presentation of the government's plans and annual programs that it prepares in response to challenges."
The Council of Ministers had referred the draft federal budget law to the House of Representatives.
https://kirkuktv.net/AR/Details/14249
Parliament Decision: Parliamentary Finance Will Receive The Budget Early Next Week And Approve It Within A Month
Time: 03/31/2023 11:22:21 Read: 1,066 times {Politics: Al-Furat News} The Rapporteur of the House of Representatives, Representative Gharib Askar Al-Turkmani, announced the arrival of the draft financial budget law to the Parliamentary Finance Committee early next week.
Al-Turkmani told Al-Furat News agency that: "The final committee will discuss the budget and make some amendments to it, after which it will be discussed in the parliament."
He added, "The approval of the budget law in parliament may take a period of one to two months."
And the House of Representatives announced, on March 16, that it had received the draft budget law.
It is noteworthy that the Council of Ministers approved, in its meeting on March 13, the three budgets and referred them to Parliament for approval.
Prime Minister Muhammad Shia al-Sudani said, after the council meeting in a press conference, that: "The total budget is more than 197 trillion dinars, the operational budget is more than 150 trillion dinars, and the investment budget is more than 47 trillion, and the budget deficit is 63 trillion dinars."
And that "total revenues amount to more than 134 trillion dinars, and oil revenues amount to more than 117 trillion based on the price of oil at 70 dollars, and non-oil revenues amount to more than 17 trillion dinars." Raghad Daham LINK
The 8 Most Eye-Opening Money Attractions in the U.S.
The 8 Most Eye-Opening Money Attractions in the U.S.
By Dr Penny Pincher
Some of my most memorable vacations have centered around money — and didn't require spending much of it at all. I had my photo taken next to a $1 million stack of bills at Binion's on a recent trip to Las Vegas. Another memorable experience was visiting the Bureau of Engraving and Printing in Washington, D.C. to see millions of dollars of being printed on the production floor.
If you get excited about money, check out these unique attractions across the U.S.
The 8 Most Eye-Opening Money Attractions in the U.S.
By Dr Penny Pincher
Some of my most memorable vacations have centered around money — and didn't require spending much of it at all. I had my photo taken next to a $1 million stack of bills at Binion's on a recent trip to Las Vegas. Another memorable experience was visiting the Bureau of Engraving and Printing in Washington, D.C. to see millions of dollars of being printed on the production floor.
If you get excited about money, check out these unique attractions across the U.S.
1. U.S. Mint
See the coin manufacturing process up close by taking a free tour at the Philadelphia and Denver facilities of the U.S. Mint. Learn about the process of minting coins from the design to the striking of coins. You'll be able to see how billions of coins are produced each year, and learn the history of coin-making. (See also: Where Are They Now? The Forgotten Dollar Bills (and Coins))
2. Binion's Gambling Hall and Hotel
Get a free souvenir photo of yourself standing next to $1 million in cash at Binion's Gambling Hall and Hotel in Las Vegas. Stop by to have your photo taken and come back about an hour later to pick up your free printed copy. It's pretty incredible to see that much cash up close.
3. U.S. Treasury
The main building of U.S. Treasury is the third oldest building in Washington, D.C. and has been renovated to preserve its impressive Greek Revival architecture. Some historical highlights at the U.S. Treasury include the offices of Salmon P. Chase, Secretary of the Treasury during the Civil War, and the offices used by President Andrew Johnson following Abraham Lincoln's assassination. The stately marble Cash Room has been restored to appear as it was at Ulysses S. Grant's inaugural reception in 1869. You can tour all of these sites by setting up a reservation ahead of your visit.
4. Wall Street
If your travels take you to New York City, check out the attractions of Wall Street, an area of New York City that has been focused on finance for over 200 years. Highlights include:
New York Stock Exchange: On the corner of Wall Street and Broad Street
Federal Hall National Memorial: On the corner of Wall Street and Broad Street
Museum of American Finance: Located at 48 Wall Street
You can take self-guided tours on foot, or there are other tour options available for free or under $40. (See also: 6 Confidence-Inspiring Facts About the Stock Market)
To continue reading, please go to the original article here:
Goldilocks Thursday Evening "National Quantum Initiative Act" and More 3-30-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good evening Dinar Recaps,
Goldilocks posted good news, commentaries, and links:
"Iraq and the International Monetary Fund discuss cooperation in stabilizing the Iraqi economy"
How do you stabilize a country's economy through currencies?
There are several ways to stabilize a country's economy through currencies:
Implementing floating exchange rates.
Moving away from programmed rates.
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good evening Dinar Recaps,
Goldilocks posted good news, commentaries, and links:
"Iraq and the International Monetary Fund discuss cooperation in stabilizing the Iraqi economy"
How do you stabilize a country's economy through currencies?
There are several ways to stabilize a country's economy through currencies:
Implementing floating exchange rates.
Moving away from programmed rates.
Monetary policies that allows for trading with the market.
Government policies to attract foreign investment.
And, the country purchasing its own currency.
Gold is getting ready to break out like a vengeance.
© Goldilocks
~~~~~~~~~~
HR6227 - National Quantum Initiative Act
https://www.congress.gov/bill/115th-congress/house-bill/6227
Look what we have here. I will share the details of this new law below. It is the new National Quantum Initiative Act.
© Goldilocks
Read Details here:
https://t.me/c/1545617426/52924
~~~~~~~~~~
Goldilocks added:
Hospitals were connected to the QFS 2 years ago.
Goldilocks' Telegram Room
https://t.me/+YU9UrHLxFbszOTJh
Goldilocks on the Seeds of Wisdom Team Website
https://www.seedsofwisdomteam.com/goldilocks
Thank you Dinar Recaps
Iraqi News Highlights Thursday Evening 3-30-23
Iraqi News Highlights Thursday Evening 3-30-23
Tlm724 Administrator Bondlady’s Corner
The Central Bank Announces The Imminent Issuance Of A Decision Regarding The Possibility Of Printing A Denomination Of 20 Thousand Dinars
Economy Yesterday, 11:21 Baghdad - Conscious - Muhammad Al-Talebi Today, Wednesday, the Central Bank expected a decrease in the difference between the official and parallel exchange rates during the coming period, and while it indicated the imminent issuance of a decision regarding the possibility of printing a denomination of 20,000 dinars, it clarified its procedures for monitoring commercial banks.
Iraqi News Highlights Thursday Evening 3-30-23
Tlm724 Administrator Bondlady’s Corner
The Central Bank Announces The Imminent Issuance Of A Decision Regarding The Possibility Of Printing A Denomination Of 20 Thousand Dinars
Economy Yesterday, 11:21 Baghdad - Conscious - Muhammad Al-Talebi Today, Wednesday, the Central Bank expected a decrease in the difference between the official and parallel exchange rates during the coming period, and while it indicated the imminent issuance of a decision regarding the possibility of printing a denomination of 20,000 dinars, it clarified its procedures for monitoring commercial banks.
The assistant general manager of the investment department in the bank, Muhammad Yunus, told the Iraqi News Agency (INA):
“The packages and procedures of the Central Bank of Iraq contributed to limiting the continuous rise in the dollar exchange rate,”
expecting “a decrease in the difference between the official and parallel exchange rates in the coming period from During the first, second and third packages of the Central Bank, as well as the government's continuous support. Younes continued,
"The Central Bank is in continuous updating of all procedures, and
every step that is launched is viewed and measured, and the extent of its response and impact on the market, and what are its pros and cons, if any."
Regarding printing new cash categories, Younis indicated that
"the Central Bank is amending and updating currency notes in response to market requests and developments and limiting counterfeiting," noting that
"the Department of Issuance and Treasurys is working to study the possibility of printing a cash category of 20 thousand dinars, and in the coming days it will take The decision to print or not to print.
Regarding the central bank building, he stressed that "work is in full swing and 24 hours to complete it."
On the other hand, he pointed out,
"The Banking and Credit Control Department monitors commercial banks, and there are field and office inspection teams that are responsible for monitoring the work and performance of banks." And he stressed,
"The doors and phones of the Central Bank are open to any complaint submitted by the citizen to the banks or one of the financial institutions or merchants, and the complaint is met and urgent action is taken in its regard." https://www.ina.iq/181644--20-.html
The Council For The Anti -Money Laundering And Terrorism Council Holds Its Regular Monthly Session For 2023
March 29, 2023 The Council for the Anti -Money Laundering and Terrorism Council held its normal monthly session today, Wednesday, March 29, 2023, headed by the President of the Council (Governor of the Central Bank of Iraq) and all members of the council from the ministries and not related to the Ministry, and the laws of law.
The Council hosted the Deputy Prosecutor in the Supreme Judicial Council, along with Al -Karkh, to discuss the regulations for declaring funds when they were entered and removed through the Iraqi border ports, with the aim of making the necessary amendments to these controls.
The Council also discussed the developments taking place in the Real Estate Registration Department in the Ministry of Justice by adopting the provisions of due care controls to combat money laundering and terrorist financing, including conducting transactions through the banking system, and other procedures.
The Council was briefed on the steps for preparing for the mutual evaluation of the Republic of Iraq to be held next August, and made a number of decisions in this regard, for the sake of Iraq governorate on its advanced position in the control procedures that resulted in its exit from the gray region in the international classification in 2018.
The Central Bank of Iraq information Office 29/23/29 https://cbi.iq/news/view/2293
To read more current and reliable Iraqi news please visit BondLady’s Corner:
How to Organize Your Tax Documents for Your Accountant
How to Organize Your Tax Documents for Your Accountant
January 7, 2023 Last Updated on March 8, 2023 by Carolyn
Though this post is directed at US taxpayers, It still should be useful to non-US taxpayers but keep in mind that form references such as 1099’s, Schedule C and US tax rules may not apply. Investment advice published here is of a general nature only as disclosed here.
You have received all your tax slips (w-2’s, 1099’s, etc.), and you have records of your other income and expenses, but now what? How do you organize your tax documents so that your accountant can prepare your taxes with ease?
How to Organize Your Tax Documents for Your Accountant
January 7, 2023 Last Updated on March 8, 2023 by Carolyn
Though this post is directed at US taxpayers, It still should be useful to non-US taxpayers but keep in mind that form references such as 1099’s, Schedule C and US tax rules may not apply. Investment advice published here is of a general nature only as disclosed here.
You have received all your tax slips (w-2’s, 1099’s, etc.), and you have records of your other income and expenses, but now what? How do you organize your tax documents so that your accountant can prepare your taxes with ease?
Hiring a Professional Accountant
This may be a bit biased considering I am a professional accountant but hiring a professional to prepare your income taxes can be a really smart idea.
Not only can it save you a lot of time preparing your taxes in lieu of doing it yourself in Turbo Tax or Tax Act ( many people tell me it takes them 8-10 hours to prepare their own returns) but it can actually save you money and give you peace of mind that you haven’t missed something.
It’s a tax professional’s job to know what deductions you are eligible for and to provide tax planning advice to maximize deductions and minimize income tax liability.
A good accountant will get to know you, your family, and your business so they can spot potential deductions whether it be that your eldest has started university and might have tuition credits or perhaps you have undertaken home renovations and can take advantage of some energy credits. Expect to answer some questions and be perturbed if you’re not asked any!
What Your Tax Preparer Needs to Know
How to Organize Your Tax Documents for Your Accountant?
First of all, be aware that just because you’ve hired an accountant to prepare your taxes doesn’t absolve you of any tax preparation work.
Gone Are the Days of Handing over A Box Full of Receipts
Gone are the days of plunking a shoebox full of receipts on your accountant’s desk and saying “call me if you have any questions”. Do this and you will most surely be shown to the door. Continue reading to find out how to organize your tax documents for your accountant.
Most accountants don’t want to see any receipts at all. What they do want to see is a summary of income by type as well as a summary of deductions by type, followed by another page with a detailed list of those same income and deduction items, whose totals ties into the figures listed on the summary.
Income
I recommend listing out all income reported on forms in this order: W2s, 1099-int, 1099-div, 1099-r, SSA-1099, 1099-B, 1099-G and K-1s. Use 2 columns, one for taxable income, and one for federal tax withheld ( if you have state tax withheld add a 3rd column).
If you have rental income or self-employed income list the income and expenses on a separate page and then just list the property address or business name on your summary and cross-reference to the detailed schedule.
Rental Income and Expenses
You need to separately list income and expenses for each rental property you own. Income will include all rent received including last month’s rent deposits but not damage and pet deposits.
Expenses that you might have include:
To continue reading, please go to the original article here:
https://tucandream.com/how-to-organize-your-tax-documents-for-your-accountant/
Change is Coming That Hasn't Happened in 100 Years~World Dumps US Dollar
Mike Maloney
"Change is Coming That Hasn't Happened In 100 Years" - World Dumps US Dollar
3-30-2023
You may have heard stories on the news lately that suggest an international move away from the US Dollar is underway...but have you ever seen these events listed on a timeline?
Join Mike Maloney in Singapore as he states his case for why he expects the world to have a new monetary system in this decade. Whether it is countries repatriating their gold supplies, or creating bilateral trade agreements -- these events are all deemed to be 'Golden Nails' in the coffin of the U.S. Dollar Standard.
Mike Maloney
"Change is Coming That Hasn't Happened In 100 Years" - World Dumps US Dollar
3-30-2023
You may have heard stories on the news lately that suggest an international move away from the US Dollar is underway...but have you ever seen these events listed on a timeline?
Join Mike Maloney in Singapore as he states his case for why he expects the world to have a new monetary system in this decade. Whether it is countries repatriating their gold supplies, or creating bilateral trade agreements -- these events are all deemed to be 'Golden Nails' in the coffin of the U.S. Dollar Standard.
This episode follows on from Episode 2, in which we learned that the world does indeed have a new monetary system approximately every 40 years.
Michael Maloney lines up the facts, showing that our current system is 42 years old and is developing serious stress fractures that at some stage will break.
How does this affect you and your family? The repercussions are huge for us all, be sure to watch the full episode and the accompanying Exclusive Presentation at HiddenSecretsOfMoney.com to find out how to turn this Dollar Crisis into a Golden Opportunity.
Please share this video with as many folks as you can, it might make all the difference.
Thursday Night Chat with MarkZ 3-30-2023
Thursday Evening News with MarkZ 03/30/2023
Some highlights by PDK-Not verbatim~ I do not transcribe political content… Most of tonights call is political. Please listen to the replay for this information.
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 good people….what’s happening Mark???
MZ: I am more confident now that all currencies are going at the same time because of things that happened today. The entire world is in a cash crunch…….they all will have to go at once….imo
MZ: Things are coming along for us at an awesome rate. Things have sped up…like hypersonic.
MZ: A number of military reached out to me today to let me know they are on notice for massive things over this weekend. It’s all coming together.
Thursday Evening News with MarkZ 03/30/2023
Some highlights by PDK-Not verbatim~ I do not transcribe political content… Most of tonights call is political. Please listen to the replay for this information.
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 good people….what’s happening Mark???
MZ: I am more confident now that all currencies are going at the same time because of things that happened today. The entire world is in a cash crunch…….they all will have to go at once….imo
MZ: Things are coming along for us at an awesome rate. Things have sped up…like hypersonic.
MZ: A number of military reached out to me today to let me know they are on notice for massive things over this weekend. It’s all coming together.
MZ: You all will have to be calm and remember that everything is not how it seems.
MZ: “Why the banking crisis may be just beginning” We know this because we have been following it . No liquidity will crash the system.
Member: Mark is speaking 100 miles an hour tonight….He must be excited.
Member: Robert Kiyosaki says Bank of Japan is next to fall due to their exposure to derivatives
Member: Went to my credit union, asked if they had seen the new currency, she just smiled and said not yet
Member: Maybe the 1st will be awesome
Member: EBS is coming, This is what we were waiting for !
Member: rumor is 10 days of darkness will begin by April 3rd!
Member: I am almost giddy with the excitement with everything happening today!! Praying we can finally reach the finish line!!
MZ: If anything big happens I will be back to let you all know.
Member: Have a great and blessed evening everyone
Member: Sleep well everyone …hoping we’re gonna wake up to a brand new world!!
THE INFO IN THIS PODCAST IS FOR GENERAL INFORMATION & EDUCATIONAL PURPOSES ONLY NOT INTENDED TO PROVIDE ANY PROFESSIONAL & LEGAL ADVICE.” PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY
Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, medical opinions or many guests on this stream……just RV/currency related topics.
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!
NO WHISKEY AND WISDOM TONIGHT
News, Rumors and Opinions Thursday Afternoon 3-30-2023
Note From Dinar Recaps:
To our newest readers,
If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.
We hope all of our dreams come true very soon.
Your Dinar Recaps Team
Note From Dinar Recaps:
To our newest readers,
If you are new to the Dinar and Currency investment and wish to educate yourself further please go to Dinarrecaps .com . At the top of our blog page click on the categories button and go to The Dinar Recaps Archives or Post RV Categories for all our past posts on history of past RV’s, Exchange tips, Security and other valuable information.
We hope all of our dreams come true very soon.
Your Dinar Recaps Team
KTFA:
Clare: Member of Parliamentary Finance: The stability of the dollar exchange depends on the government's control of the market
3/30/2023
A member of the Parliamentary Finance Committee saw that the stability of the exchange rate of the dollar against the dinar depends on the government's efforts to control the market.
Moeen Al-Kadhimi told {Euphrates News} agency: "The issue of stability of the dollar exchange rate depends on the government's efforts and the extent of its ability to control the market and follow up on private banks and money changers, especially those that the government sells to them at a rate of $50 million in cash."
He stressed, "It must be controlled to provide citizens with what they need according to the official price, in addition to financial transfers that are transferred abroad through commercial transactions. These steps are supposed to restore control to the market."
The Central Bank of Iraq announced today, Thursday, the beginning of the decline in the exchange rate of the dollar against the dinar.
And the assistant general manager of the investment department in the bank, Muhammad Yunus, said in a press statement, "The central bank has taken a group of packages to support the process of dinar strength, and the signs of these packages on the strength of the dinar began to appear today."
He added, "The dollar began to decline continuously against the dinar as a result of these packages that met most of the Iraqi market's requests," noting that "this contributed to reducing the difference between the official and parallel exchange rate," pointing out that "most markets began dealing in the Iraqi dinar, and this will contribute to its support." .
On February 7, the Council of Ministers decided to adjust the exchange rate of the dollar to the equivalent of 1,300 dinars, from 1,460 dinars.
Following the government's decision, the Central Bank announced a set of facilities to meet the demand for dollars in both aspects of cash and foreign transfers. LINK
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Courtesy of Dinar Guru
Frank26 [Iraq boots-on-the-ground report] FIREFLY: The news keeps talking about fils and about the new lower notes and why it's going to help the citizens. They keep explaining the meaning and how it's going to give us purchasing power and how we will be able to make change...they also keep talking about, 'Hold onto your dinars'... FRANK: The monetary reform education continues to march forward...I strongly believe March is where they will tell you all about the new currency and the new exchange rate and the coins [Post 1 of 2....stay tuned]
Frank26 [ Iraq boots-on-the-ground report continued] FRANK: And IMO April is when they will show it to you and give it to you in your hands. These are exciting times that they are presenting to you because they are constantly reminding you on TV Channel One...hold onto your dinars because they will soon have value with your lower currency notes and fils. All of that screams a 1 to 1 exchange rate with the American dollar to soon float in an international basket with the Iraqi dinar being the currency power because they will be a currency hub. [Post 2 of 2]
LIVE! The Entire World Economy Could COMPLETELY COLLAPSE At Any Moment. Here's Why.
Greg Mannarino: 3-30-2023
SILVER ALERT! US Mint Prepares for the RETURN of Silver & Gold Coinage! NO CBDC's!!
(Bix Weir) 3-29-2023
The US Mint is actively producing MASSIVE amounts of gold and silver Eagles in preparation for the Collapse of the Global Fiat Monetary System!
They won't tell you that directly...BUT THEY WILL INDIRECTLY!!
Goldilocks "Bank Updates" Thursday 3-30-2023
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted commentaries and links:
There is a looming debt limit, and the question on everyone's mind is can the Democrats and the GOP reach a deal?
The issues are to limit government spending on one side and unlimited spending to promote an agenda on the other.
Either side that wins will not be enough to save us from a debt crisis.
Goldilocks and Seeds of Wisdom
Thank you RJ
RJ: Good morning Dinar Recaps,
Goldilocks posted commentaries and links:
There is a looming debt limit, and the question on everyone's mind is can the Democrats and the GOP reach a deal?
The issues are to limit government spending on one side and unlimited spending to promote an agenda on the other.
Either side that wins will not be enough to save us from a debt crisis.
There are no easy answers. One thing is for certain, more banking regulations are on the way.
© Goldilocks
https://www.cnbc.com/video/2023/03/28/debt-ceiling-standoff-mccarthy-laments-lack-of-progress.html
Banks continue to launch artificial intelligence programs in the banking system.
These AI banking systems help people calculate a path to success upon programs they wish to implement for companies.
This level of adoption is reaching the masses at this point from around the world.
© Goldilocks
https://www.hubbis.com/news/hsbc-launches-ai-powered-structured-product-for-private-banking-clients-in-asia
https://www.globenewswire.com/news-release/2023/03/29/2636719/0/en/Seattle-Bank-Partners-with-JUDI-AI-to-Simplify-the-Lending-Process-for-Small-Businesses.html
~~~~~~~~~~
"Today the BIS Committee on Payments and Market Infrastructures (CPMI) published its final report (https://www.bis.org/cpmi/publ/d216.htm) on increasing the adoption of payment versus payment (PvP) in foreign exchange (FX) transactions."
PvP is a mechanism which ensures the final transfer of a payment in one currency occurs "if" the final transfer of a payment in another currency or currencies takes place.
A final paper has been completed, the next step is to move it forward for legislation.
© Goldilocks
https://www.bis.org/cpmi/publ/d216.htm
https://www.ledgerinsights.com/bis-pvp-fx-settlement-most-use-dlt/
Goldilocks' Telegram Room
https://t.me/+YU9UrHLxFbszOTJh
Goldilocks on the Seeds of Wisdom Team Website
https://www.seedsofwisdomteam.com/goldilocks
Thank you Dinar Recaps
Iraqi News Highlights Thursday Afternoon 3-30-23
Iraqi News Highlights Thursday Afternoon 3-30-23
Tlm724 Administrator Bondlady’s Corner
The Minister Of Planning Is Discussing With The Regional Director Of The International Monetary Fund The Mechanisms For Achieving Economic And Financial Reforms In Iraq
Thursday 30 March 2023 11:55 | Economical Number of readings: 455 Baghdad / NINA / - The Deputy Prime Minister, Minister of Planning, Muhammad Ali Tamim, discussed with the Regional Director of the International Monetary Fund, Ghazi Al-Shubaikat, the mechanisms for achieving economic and financial reforms in Iraq.
Iraqi News Highlights Thursday Afternoon 3-30-23
Tlm724 Administrator Bondlady’s Corner
The Minister Of Planning Is Discussing With The Regional Director Of The International Monetary Fund The Mechanisms For Achieving Economic And Financial Reforms In Iraq
Thursday 30 March 2023 11:55 | Economical Number of readings: 455 Baghdad / NINA / - The Deputy Prime Minister, Minister of Planning, Muhammad Ali Tamim, discussed with the Regional Director of the International Monetary Fund, Ghazi Al-Shubaikat, the mechanisms for achieving economic and financial reforms in Iraq.
And the Ministry of Planning stated in a statement, "During the meeting, which was attended by the head of the Central Statistical Organization, Diaa Awad Kazem, they discussed a number of files related to the fund's work in Iraq, and ways to enhance joint cooperation between the two sides."
The statement added, "The presentation touched on the economic and financial reform file, and the possibility of benefiting from the capabilities and expertise of the International Monetary Fund in supporting the Iraqi government's efforts in this field, especially with regard to preparing medium-term budgets, automating the banking sector, and working to achieve economic diversification."
For his part, Al-Shabikat expressed "the fund's readiness to provide possible support to Iraq in many fields, whether related to economic and financial aspects, or statistical."/ End To
https://ninanews.com/Website/News/Details?key=1043624
Iraq And The International Monetary Fund Are Discussing Cooperation In Achieving Stability In The Iraqi Economy
Political | 05:15 - 03/30/2023 Iraq and the International Monetary Fund are discussing cooperation in achieving stability in the Iraqi economy https://www.mawazin.net/Details.aspx?jimare=223261
Al-Sudani Discusses With The Resident Representative Of The International Monetary Fund The Financial And Administrative Reforms Adopted By The Government
Thursday 30 March 2023 17:17 | political Number of readings: 79 Baghdad / NINA / - The Prime Minister, Muhammad Shia'a Al-Sudani, discussed with the Resident Representative of the International Monetary Fund in Iraq, Ghazi Shbeikat, the importance of the financial and administrative reforms adopted by the government.
A statement by his media office stated that Al-Sudani met with Shbeikat today, Thursday, and during the meeting they discussed Iraq's relationship with the International Monetary Fund, and cooperation in the field of supporting financial policies and plans, in a way that contributes to achieving the stability of the Iraqi economy. According to the statement, the meeting witnessed a discussion of the importance of financial reforms and administrative measures adopted by the government, and supporting its efforts to combat corruption./End 2 https://ninanews.com/Website/News/Details?key=1043696
The Central Bank Talks About The "Signs" Of Its Measures: The Dollar Began To Decline Against The Dinar
Economy News – Baghdad On Thursday, the Central Bank of Iraq identified four measures to support the strength of the Iraqi dinar, while confirming that its packages met most of the market's requests and contributed to the decline of the dollar.
And the assistant general manager of the investment department in the bank, Muhammad Yunus, said, “The central bank has taken a group of packages to support the process of the strength of the Iraqi dinar, and to enhance external transfer, financing trade, study, and others,” noting that “the signs of these packages on the strength of the Iraqi dinar began to appear today.”
Younes added, "The dollar began to decline continuously against the dinar as a result of these packages that met most of the Iraqi market's requests," noting that "this contributed to reducing the difference between the official and parallel exchange rate."
And he indicated, "Iraq is an importer of everything, and therefore the large volume of its demand for the dollar sometimes makes it strong against the dinar," noting that "the central bank's actions are supported by the decisions of the Prime Minister and the Council of Ministers."
And he stressed, "The need for all efforts to come together to support the strength of the dinar through measures represented first by supporting the local product, secondly by reducing import operations, third by controlling markets, and fourth by controlling border crossings," noting that "most markets have started dealing in the Iraqi dinar, and this will contribute to its support."
He pointed out that "some departments faced a problem because their contracts are in dollars, but the Council of Ministers and the Central Bank began to solve these problems," stressing that "Iraq has more than 130 tons of gold," according to the official agency. https://economy-news.net/content.php?id=33218
Central Bank: We Have Taken A Set Of Packages To Support The Strength Of The Dinar, And Its Signs Began To Appear Today
Economy| 11:07 - 30/03/2023 Baghdad - Mawazine News , on Thursday, the Central Bank of Iraq identified four measures to support the strength of the Iraqi dinar, while confirming that its packages met most of the market's demands and contributed to the decline of the dollar.
And the assistant general manager of the investment department in the bank, Muhammad Yunus, said, “The central bank has taken a group of packages to support the process of the strength of the Iraqi dinar, and to enhance external transfer, financing trade, study, and others,” noting that “the signs of these packages on the strength of the Iraqi dinar began to appear today.”
Younes added, "The dollar began to decline continuously against the dinar as a result of these packages that met most of the Iraqi market's requests," noting that "this contributed to reducing the difference between the official and parallel exchange rate."
And he indicated, "Iraq is an importer of everything, and therefore the large volume of its demand for the dollar sometimes makes it strong against the dinar," pointing out that "
And he stressed, "The need for all efforts to come together to support the strength of the dinar through measures represented first by supporting the local product, secondly by reducing import operations, third by controlling markets, and fourth by controlling border crossings," noting that "most markets have started dealing in the Iraqi dinar, and this will contribute to its support."
He pointed out that "some departments faced a problem because their contracts are in dollars, but the Council of Ministers and the Central Bank began to solve these problems," stressing that "Iraq has more than 130 tons of gold," according to the official agency. Ended 29/N33
https://www.mawazin.net/Details.aspx?jimare=223230
The Decline Of The Dollar In Baghdad With The Closing Of The Stock Market
Thursday, March 30, 2023 4:55 PM Baghdad / The National News Center The exchange rates of the US dollar decreased against the Iraqi dinar, today, Thursday, 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 this evening at an exchange rate of 151,800 dinars against 100 dollars, while the prices this morning were 153,000.”
He added, "The buying and selling prices in exchange shops in the local markets in Baghdad decreased, as the selling price reached 152,500 dinars, while the purchase prices amounted to 151,000 dinars per 100 dollars." https://nnciraq.com/196849/
Over $238 Million Central Bank Sales At Auction Today
Economy| 11:48 - 03/30/2023 Baghdad - Mawazine News Central Bank sales of foreign currency increased in an auction today, Thursday, to record more than 238 million dollars. https://www.mawazin.net/Details.aspx?jimare=223232
To read more current and reliable Iraqi news please visit BondLady’s Corner:
How to Stop Being Broke: Change Your Money Mindset
How to Stop Being Broke: Change Your Money Mindset
March 14, 2023 Last Updated on March 23, 2023 by Carolyn
How to Stop Being Broke?
Are you tired of living paycheck to paycheck, and having nothing to show for it? You have a good-paying job but still, it’s a financial squeeze to get through the month and make ends meet. You want to stop being broke but don’t know where to start. More than likely. it’s your money mindset that’s keeping you broke. Before you can change your money mindset you need to know what exactly it is.
What is Money Mindset?
Let’s start with what money mindset is not. For many people who hear the phrase “money mindset” an image of a person like Charles Dickens “Ebenezer Scrooge” counting his coins pops into their head, a person obsessed with money. This is not what money mindset is.
How to Stop Being Broke: Change Your Money Mindset
March 14, 2023 Last Updated on March 23, 2023 by Carolyn
How to Stop Being Broke?
Are you tired of living paycheck to paycheck, and having nothing to show for it? You have a good-paying job but still, it’s a financial squeeze to get through the month and make ends meet. You want to stop being broke but don’t know where to start. More than likely. it’s your money mindset that’s keeping you broke. Before you can change your money mindset you need to know what exactly it is.
What is Money Mindset?
Let’s start with what money mindset is not. For many people who hear the phrase “money mindset” an image of a person like Charles Dickens “Ebenezer Scrooge” counting his coins pops into their head, a person obsessed with money. This is not what money mindset is.
Money mindset is your personal relationship with money; how you feel about it, your beliefs about money, and its role in the world.
Believe
Believe..positive thoughts will yield positive outcomes (image by Nini kvaratskhelia of Unsplash)
Your money mindset is somewhat akin to the law of attraction, how you feel and relate to money will dictate whether you have no money, just enough money, or an abundance of money. Being an extreme left-brain type I’d love to say the path to financial success is to simply work hard and spend less, but sadly this is not the truth, money mindset comes into play and it’s amazing how much it controls the outcome.
Different types of Money Mindsets
Scarcity Mindset VS Abundance Mindset
I’m sure you’ve noticed that some people are inherently spenders while others are savers. These spending habits aren’t related to having an abundance of money or lack thereof, they are a reflection of that person’s individual money mindset.
There are basically two basic types of money mindsets: scarcity mindsets and abundance mindsets. These can be further broken down into different sub-types. Do you identify with any of the following scarcity mindsets? Don’t worry, identifying the problem is the first step in your journey to stop being broke.
Scarcity Mindsets
Scarcity mindsets are based on the belief that there are limited resources in the world, and if someone takes more, you’ll get less. This mindset cultivates fear, jealousy, and selfishness.
I Have Enough Mindset
This is the mindset; “I’m comfortable with what I have. I can pay my bills, I have a roof over my head, why do I need more?”
This kind of mindset is dangerous, it’s a mindset of avoidance. You will never have more than enough and the loss of a job, or a sudden emergency expense, can push you over the edge where you don’t have enough.
Money more than likely causes you stress after all you believe, “ money is the root of all evil”.
Money Grows on Trees Mindset
My husband used to justify additional expenses by saying “I’ll just shoe another horse” (he was a horseshoer). The problem is did he really just shoe another horse? No, he didn’t actively go out and look for another horse to shoe. If not reined in, he had a habit of spending every dollar twice.
This is the “money grows on trees” mindset, I can always earn another dollar so it’s OK to spend it today. It can also be considered a debt mindset or a spenders mindset. You try to buy happiness, and instead, end up with debt and stress.
This mindset will most likely get you into a lot of financial trouble.
“Never spend your money before you have it.” –Thomas Jefferson
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