Dinar Recaps Blog Page — Dinar Recaps (2024)

Iraq News Highlights Tuesday AM 6-25-24

An Expert Expects Economic Growth In Iraq To Decline During 2024

Economy |Baghdad today - BaghdadToday, Tuesday (June 25, 2024), the economic expert, Nabil Al-Marsoumi, revealed the rate of economic growth in Iraq during 2024.

Al-Marsoumi said in a post on the Facebook platform, followed by “Baghdad Today,” that “the World Bank confirmed in its report that Iraq’s economic growth reached 7.6% in 2022 and 7.6% in 2022, while it reached 2.9% in 2023,” expecting “Iraq’s economic growth will decrease in the year 2024 to reach - 0.3%, and it will achieve growth in the year 2025 reaching 3.8% and 5.3% in the year 2026.”

He added, "Economic growth in Iraq is not self-growth or planned, but rather a transitory growth linked to external variables, the most important of which is the rise in global demand for oil and the rise in its prices, and therefore it cannot be relied upon to create positive effects among the various economic sectors," pointing out that "it should have been The World Bank should pay attention to the growth rate of non-oil gross product and not to general economic growth, which is greatly affected by oil.”

Al-Marsoumi continued, “The significant economic growth achieved in Iraq in 2022 resulted from the increase in oil production quantities and the rise in oil prices, while the negative economic growth in 2023 and 2024 is linked to the decline in oil production quantities due to OPEC Plus restrictions and the decline in oil prices, as well as the expected positive economic growth.” “The years 2025 and 2026 are linked to a reduction in OPEC restrictions and the possibility of a rise in global oil prices.” LINK

Parliamentary Recommendation For Finance And Planning To Launch Instructions For Implementing Budget Schedules

Political | 06/25/2024 Baghdad - Mawazine NewsToday, Tuesday, the Parliamentary Finance Committee recommended the Ministries of Finance and Planning to release instructions for implementing the 2024 budget schedules, while indicating that all appeals are normal and did not rise to the rejection of some paragraphs.

Committee member Nazem Al-Shibli said, “The budget is effective after its publication in Al-Waqa’i newspaper, but it needs instructions issued by the Ministries of Finance and Planning in order for it to be clearly implemented in the ministries, agencies, and governorates,” explaining that “the budget is not devoid of complaints and appeals every year, but the court It is the one who decides the authority to implement or legislate.”

Al-Shibli added, “The court will hear all appeals,” pointing out that “the budget is subject to appeal if any party objects to a part of it,” noting that “all appeals are normal and do not rise to the rejection of some paragraphs.” https://www.mawazin.net/Details.aspx?jimare=250213

The Dollar Continues To Rise.. Learn About The Exchange Rates In Iraqi Markets[/Size]

Economy 2024-06-25 Alsumaria News – Economy Alsumaria News publishes the exchange rates of the dollar against the Iraqi dinar in Iraqi local markets for Tuesday, June 25, 2024.

Dollar prices rose slightly with the opening of the Al-Kifah and Al-Harithiya stock exchanges to record 147,900 Iraqi dinars for every 100 dollars, while selling prices in exchange shops in the local markets in Baghdad rose, as the selling price reached 148,750 dinars, while the purchase price reached 146,750 dinars for every 100 dollars.

On February 7, 2022, the Council of Ministers announced its approval of amending the dollar exchange rate to 1,320 dinars per dollar.

For about a year, and specifically since the Central Bank began operating the electronic platform and the international financial transfer system ““SWIFT,” the dollar exchange rates in Iraq have not witnessed stability despite the attempts of the government and the Central Bank to control the exchange rate in the parallel markets. LINK

Canadian Oil Replaces Iraqi Crude On The American West Coast

Money and business Economy News - follow up Refiners on the West Coast of the United States intend to replace their imports of Iraqi heavy oil with cheaper crude from Canada, at a time when the newly expanded “Trans Mountain” line rearranges trade flows across the Pacific Ocean.

California and Washington are scheduled to import about 150,000 barrels per day of Canadian crude via tankers in June, representing a seven-fold increase in average volumes, according to preliminary data from Vortexa. At the same time, their imports of Iraqi “Basra Heavy” crude are expected to decrease to 3,587 barrels per day, from 76,000 barrels last May.

The Trans Mountain expansion, which began in May, transports 590,000 barrels per day of crude from the Canadian oil sands to Vancouver for export. This is likely to be an advantage for refiners on the US West Coast, which would otherwise pay several dollars more per barrel to buy Iraqi crude.

Trade flows also suggest that the United States will for now remain a dominant buyer of Canadian oil, even as the pipeline gives producers access to coveted Asian markets.

European competition for Iraqi Basra crude in light of the shortage of supplies

While the Trans Mountain line is still not operating at full capacity, the company expects 22 tankers to ship crude oil from Vancouver this month. More than 81 thousand barrels per day are heading to China. Another 50,000 barrels per day are headed to India, the first movement of its kind off the Canadian Pacific coast.

As Canadian imports to the US West Coast rise, shipments of Brazilian medium-sulphur, Tupi, as well as Basra Heavy crude oil are declining.

Alberta heavy West Canadian Standard crude is trading about $13 cheaper than U.S. West Texas Intermediate crude, or about $67 a barrel, according to Bloomberg's general index pricing. Basra Heavy crude is trading about $5.55 cheaper than benchmark Brent crude, or more than $80 per barrel. Views 69 06/25/2024 https://economy-news.net/content.php?id=44588

Basra Council: We Are Serious About Activating The Law On Basra, The Economic Capital Of Iraq

Monday 24, June 2024 | Economical Number of readings: 515

Basra / NINA / The Basra Governorate Council confirmed its intention "to activate the law on Basra, the economic capital of Iraq, pointing to discussing the issue with the Prime Minister in order to activate this law."

The head of the Council’s Finance and Administrative Committee, Shukr Al-Amiri, said, “This is an attractive factor for foreign investment companies, given that Basra will be a corridor for international trade,” indicating that all of this encourages the economy, develops trade, and also provides job opportunities for many unemployed youth. .

Al-Amiri explained that the seventh economic conference in Basra Governorate comes in order to focus on economic activity in the governorate. https://ninanews.com/Website/News/Details?key=1133954

Provoking Thoughts and Points to Ponder on Wealth

I have enough money to get by. I'm not independently wealthy, just independently lazy, I suppose. -Montgomery Clift

I have no complex about wealth. I have worked hard for my money, producing things people need. I believe that the able industrial leader who creates wealth and employment is more worthy of historical notice than politicians or soldiers.-Paul Getty

I was born into it and there was nothing I could do about it. It was there, like air or food, or any other element. The only question with wealth is what you do with it.-John D. Rockefeller

I wish to become rich, so that I can instruct the people and glorify honest poverty a little, like those kind-hearted, fat, benevolent people do.-Mark Twain

In big houses in which things are done properly, there is always the religious element. The diurnal cycle is observed with more feeling when there are servants to do the work.-Elizabeth Bowen

True abundance is not about gathering more things, it's about touching the place in us that is connected to the divine source of abundance, so that we know what we need in the moment will be provided.-Mary Manin Morrissey

It's time we put thoughts of lack behind us. It's time for us to discover the secrets of the stars, to sail to an uncharted land, to open up a new heaven where our spirits can soar.-Sarah Ban Breathnach

It is good to have things that money can buy, but it is also good to check up once in awhile and be sure we have the things money can't buy.-George Horace Lorimer

Ordinary riches can be stolen, real riches cannot. In your soul are infinitely precious things that cannot be taken from you.-Oscar Wilde

'Let us not get so busy or live so fast that we can't listen to the music of the meadow or the symphony that glorifies the forest. Some things in the world are far more important than wealth; one of them is the ability to enjoy simple things.-Dale Carnegie

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

http://famousquotesandauthors.com/quotes_by_topic.html

Iraq Dinar - Iraq to Rejoin WTO - Cetral Bank Pressing Banks & Money Exhangers - AI Emperative Use

MilitiaMan and Crew: 6-24-2024

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

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

https://www.youtube.com/watch?v=xzFRnPNg-6Y

I’m a Wealthy Millennial: 4 Financial Skills I’m Passing Down to My Children

Heather Taylor Mon, June 24, 2024

Gen Alpha, and future generations to come, may be on track to receive the financial literacy they deserve.

A new study from Bank of America titled the “2024 Study of Wealthy Americans” reveals emerging trends around generational wealth and its influence on financial strategies. Data from the 2024 quantitative survey shows that 48% of wealthy Americans said they would initiate the conversation when it comes to teaching their children or heirs financial skills.

What kinds of financial skills are wealthy Americans planning to pass down to their children or heirs? GOBankingRates spoke to Dave Fortin, the millennial co-founder of investing app FutureMoney and a new dad, to learn more about the financial skills he plans to pass down to his children.

Delayed Gratification

In March 2024, GOBankingRates surveyed 1,008 American adults on a series of questions related to financial literacy. When asked about the poor money habits they learned from childhood, 36% of respondents said they picked up impulse shopping.

This won’t be the case for Fortin. He told GOBankingRates he plans to talk to his kids about delayed gratification. Beyond avoiding impulse purchases, it’s a lesson that will help his children in many other aspects of their lives.

“By using the language of money, you can show your kids the advantages of saving today for something in the future, and how your money can grow,” said Fortin.ughh

Goal Setting

Another skill Fortin plans to teach his children is how to set goals, which he considers to be important in money and in life.

Learning how to set a goal — whether this is a goal towards going to college, buying a car or purchasing your first home — is only one part of the equation, according to Fortin. He added that it’s important for children to learn how to create a plan that will help them achieve the goal.

Being Good Stewards of Capital

Fortin’s list of financial skills he plans to teach his children include comparing income and expenses, understanding taxes, basic banking products and basic investing principles. Many of these skills are confusing to adults, especially those who lack the proper financial literacy background. As an example, nearly 17% of Americans surveyed by GOBankingRates in March 2024 said they didn’t clearly understand how taxes work.

To Read More:

https://www.yahoo.com/finance/news/m-wealthy-millennial-4-financial-204525798.html

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

Iraq Transfers $254 Million Abroad Within One Day

Economy | 06/24/2024 Baghdad - Mawazine News Foreign remittance sales at the Central Bank of Iraq auction, today, Monday, increased by 92% over cash sales, reaching more than 254 million dollars.

Today, during its auction for buying and selling the US dollar, the Central Bank sold 274 million, 246 thousand and 415 dollars, covering it at a base exchange rate of 1,310 dinars per dollar for documentary credits and international settlements for electronic cards, at a price of 1,310 dinars per dollar for external transfers, and at a price of 1,305 dinars per dollar in cash. .

Most of the dollar sales went to strengthen balances abroad in the form of transfers and credits, which amounted to 254 million 66 thousand and 415 dollars, an increase of 92% over cash sales amounting to 20 million 180 thousand dollars.

The number of banks that purchased cash dollars reached 3 banks, while the number of banks that responded to requests to enhance balances abroad reached 16 banks, and the total number of exchange and brokerage companies participating in the auction was 40 companies.

https://www.mawazin.net/Details.aspx?jimare=250168

The Central Bank Publishes The Mechanism For Imposing Fines On Private Banks

Economy | 06/24/2024 Baghdad - Mawazine News The Central Bank of Iraq revealed the mechanism for imposing fines on private banks and money changers.

According to a document issued by the bank on the third of this month, “We would like to inform you that imposing fines on banks and non-banking financial institutions is carried out through a specialized committee in this bank whose work is based on Central Bank Law No. (56) of (2004) and Banking Law No. (94) of (2004) and the instructions and controls that regulate banking operations.”

He added, “In view of the bank or non-banking financial institution’s violation of these laws, instructions and controls, noting that the purpose of imposing fines on banks and non-banking financial institutions is to prevent them from committing violations of the laws mentioned above and the instructions issued pursuant to them to protect them and ensure their safety and the safety of the financial sector in general.” . https://www.mawazin.net/Details.aspx?jimare=250153

The President Of The Republic Calls For Amending Laws Related To Investment

Political | 02:19 - 06/24/2024 Baghdad - Mawazine News On Monday, President Abdel Latif Gamal Rachid called for amending laws related to investment.

A statement from the Presidency of the Republic stated, “The President of the Republic, Abdul Latif Jamal Rashid, received today at Al-Salam Palace in Baghdad, the Chairman of the National Investment Authority, Haider Muhammad Makkiya,” indicating that “during the meeting, the National Authority’s work plans and its investment policy were reviewed.”

The President of the Republic pointed out "the necessity of overcoming obstacles facing investors, as well as supporting Iraqi businessmen and involving them in the investment process."

He explained that "activating investment requires making amendments to some of the applicable laws," stressing his support for "everything that would facilitate and revitalize this vital sector in a way that strengthens the national economy and provides job opportunities."

He stressed "developing communication mechanisms, exchanging experiences and information, and enhancing the process of trade partnerships between Iraq and countries with expertise in this field."

For his part, Makiya affirmed the Authority's "keenness to develop the work," reviewing "the investment plans and projects currently in the works, in addition to the future plans drawn up to develop all cities in Iraq and serve their residents." https://www.mawazin.net/Details.aspx?jimare=250163

Iraq.. Oil Will Continue To Rise Until 2025

Economy | 06/24/2024 Baghdad - Mawazine News The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, today, Monday, identified the most important economic gains achieved due to the rise in oil prices, pointing out that global energy market sources indicate that the current rise in oil prices will continue until the end of the year 2025.

Saleh said, “There are There is a clear link between the rise in revenues from Iraqi sourced oil due to the rise in energy prices in global markets on the one hand, and the sustainability of financing investment projects whose allocations are estimated in Federal General Budget Law No. 13 of 2023 (the tripartite budget), which exceeds 55 trillion dinars annually.”

He explained, “The rise in oil prices above their estimated rates leads to reducing the hypothetical deficit gap in the annual general budget, which is estimated at approximately 64 trillion dinars, and provides sustainability of spending on development projects,” stressing that “the hypothetical deficit is no longer a reason for faltering or delaying reconstruction projects and expenditures.” Related investment.

Saleh added, "The government program has prioritized, in its philosophy and general directions, the policy of diversifying sources of income in the national economy."

He stated, “For the first time, sovereign guarantees are granted to market activities and the private sector as a partner in development, with priority to major economic diversification activities, by providing appropriate financing to the private sector from global financial sources in order to finance the transfer of modern technology, especially the manufacturing and petrochemical industries, as well as industries related to the provision of high-quality products.” “A link to reconstruction, to ensure stable and high growth rates and provide the requirements for sustainable development and operation.”

He pointed out, “Global energy market sources indicate that the current oil prices will continue to rise until the end of the year 2025, with an average price of one barrel of crude oil at no less than $82, which is an average that exceeds the conservative price mentioned in the general budget law above, which was estimated at about $70 per barrel.” https://www.mawazin.net/Details.aspx?jimare=250173

Iraq Approves The Lending Strategy

06/24/2024 Baghdad - Mawazine News , today, Monday, the Ministerial Council for the Economy approved the national lending strategy, while deciding to hold a special session of the Council, in the Kurdistan region, to resolve all outstanding economic problems.

This came during a meeting held under the chairmanship of Foreign Minister Fouad Hussein, the 18th session of the Ministerial Council for the Economy, in the presence of the Deputy Prime Minister and Minister of Planning, the Ministers of Finance, Trade, Agriculture, Industry, Labor and Social Affairs, the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq, and the Prime Minister’s advisors for economic and legal affairs. Chairman of the Securities Commission, and Undersecretary of the Ministry of Oil.

According to a statement received by Mawazine News Agency, the Council discussed the items on its agenda and took the necessary decisions regarding them, and approved the Ministry of Transport’s request to refer a project to extend a railway between the city of Basra and the Shalamcheh port, as far as financial powers are concerned.

The Council approved the national lending strategy after the Governor of the Central Bank presented a brief on the strategy and what the bank implemented during previous lending initiatives. It also decided to hold a special session in order to discuss all opinions, ideas and proposals related to maximizing the state’s non-oil revenues.

The Council agreed, according to the statement, for the General Company (UR) affiliated with the Ministry of Industry to purchase the damaged and damaged cables and wires from the Ministry of Electricity and all their assortments for a price to be agreed upon between the two parties.

The Council reviewed the technical report prepared by the Ministry of Commerce on the reality and work of private mills, and decided to support the Ministry’s measures to improve the quality of flour production provided to citizens, as well as to approve the transfer of ownership of the mills.

The Council also agreed to cancel the withdrawal of work from the company executing the contract to prepare (16) spherical tanks so that the completion rates reach the final stages. The Council also decided, upon the request of the Ministry of Agriculture, to open the import of winter crops (lahana, cauliflower, lettuce, turnips, and beets). https://www.mawazin.net/Details.aspx?jimare=250167

How Much Were The Dollar Exchange Rates In The Markets Today?

Economy | 06/24/2024 Baghdad - Mawazine News The exchange rates of the dollar against the dinar rose today, Monday, in the markets of the capital, Baghdad.

Dollar prices rose with the opening of the Al-Kifah and Al-Harithiya stock exchanges, recording 147,150 dinars for every 100 dollars, while yesterday, Sunday, they recorded 146,800 dinars for every 100 dollars.

Selling prices also rose in the local markets in Baghdad, as the selling price reached 148,000 dinars, while the purchasing price reached 146,000 dinars for every 100 dollars.

https://www.mawazin.net/Details.aspx?jimare=250162

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

Provoking Points To Ponder On Chance and Fortune

I make the most of all that comes, And the least of all that goes. -Sara Teasdale

If you do not expect it, you will not find the unexpected, for it is hard to find and difficult. -Heracl*tus

Two roads diverged in a wood and I - I took the one less travelled by, And that has made all the difference.-Robert Frost

Unless a man has trained himself for his chance, the chance will only make him ridiculous.-W. Matthews

Chance is always powerful. Let your hook be always cast. In the pool where you least expect it, will be a fish.-Ovid

Chance is the pseudonym of God when he did not want to sign.-Anatole France

The harder you work, the luckier you get.-Gary Player

I think we consider too much the good luck of the early bird and not enough the bad luck of the early worm.-Franklin D. Roosevelt

Fortune favours the bold.-Terence

The luck of having talent is not enough; one must also have a talent for luck.-Hector Berlioz

In the field of observation, chance favours the prepared mind.-Louis Pasteur

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

http://famousquotesandauthors.com/quotes_by_topic.html

KTFA

Monday Night Conference Call

FRANK26….6-24-24……SUDANI CHECKMATE

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

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

Playback Number: 605-313-5163 PIN: 156996#

https://www.youtube.com/watch?v=iEpy2oBgb2U

Monday Evening News with MarkZ

Some highlights by PDK-Not verbatim

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

Member: Good evening Mark, Mods and Z Family

Mod: HOPE YOU ALL HAD A GOOD DAY!

Member: What’s new today Mark?

MZ: Information is all over the place which I take as a good thing.

Member: Mark, maybe the total confusion going on right now a good sign that they’re about to drop the news?

Member: What was the significance of June 23rd?

MZ: Good Question. We have seen possible signs about what the significance of June 32rd was. Some interesting changes in the banking world today. Most of it has to do with other nations starting to dump US Treasuries and bonds left and right.

MZ: Yesterday a large number of nations , with Japan leading the charge were dumping US Treasuries. This is unprecedented. Lots of dollars will be rushing back into the American economy. Which should, by any classical definition of supply and demand, lead to a quickening pace for inflation. More dollars chasing less goods.

MZ: “Bank info could be at risk in possible Russian hack of the Fed.” June 23rd, 2024. A Russian cyberware organization lockbit 30 cyber criminal group publically stated it hacked the Federal Reserve and will release juicy details of American banking secrets unless a large ransom is paid by 4:00 PM June 24th. . Things are getting interesting.

MZ: Historic bonds. I cannot find anybody that was paid today. It’s a weird quiet on historical bonds.

Member: If they signed NDA’s they would be some kind of stupid to tell anyone about it…imo

MZ: I did hear from 3 or 4 military sources and Reno and the Treasury ….rumors that are all over the place, some saying it’s happening right now , to no – its tomorrow…to Its already started, to all kinds of timing rumors in an concerted effort to cloud timing. Nobody panic when you hear those. …I think it’s a good things to see them in panic mode trying to cloud timing.

Mark... If Iraq goes first which makes more sense than everything at once, does that mean it is asset backed and can we in the USA cash out and roll that right into a BRICS currency account in the US

Member: I pray we can deal with asset backed BRICS accounts…..I am so sick of this garbage fiat system.

Member: Malaysian Currency Now On RV Path in BRICS Gold-Backed Alliance

Member: Japan also issuing new bills on July 3rd. UK elections in July 4.

Member: Goldilocks is saying Vietnam is primed and ready to revalue between now and end of July 2024

Member: Hope some of these rumors are actually true. Tired of this movie.

Member: with so much happening….we have to be close. Keep the faith.

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

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

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

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

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

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

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

https://www.youtube.com/watch?v=HfB3qZCToTA

KTFA:

Clare: A political movement to hold an extraordinary session to elect the new Speaker of Parliament - urgent

6/24/2024 Baghdad

Today, Monday (June 24, 2024), the representative of the Azm Alliance, Nihal Al-Shammari, revealed the existence of a political movement aimed at holding an extraordinary session to elect the new Speaker of the House of Representatives.

Al-Shammari said in an interview with “Baghdad Today”, “There is a political movement and communication between all Sunni political parties, with the aim of accelerating the election of the new Speaker of the House of Representatives, especially since it supports the initiative to unify the position of the Sunni political house.”

She added, “There are efforts to hold an extraordinary session to elect the new Speaker of the House of Representatives during the next few days, and perhaps by the end of this week, and this matter now depends on what the current political dialogues and negotiations between all political parties will produce.”

Parliament failed in four attempts to elect a replacement for Al-Halbousi due to the lack of consensus on a single candidate, in light of Sunni fragmentation and the coordination framework's insistence on keeping Mohsen Al-Mandalawi, the first deputy speaker of Parliament, as acting president, or the “conditional” agreement on a Sunni political figure. LINK

Clare: Government advisor: Global indicators confirm that oil prices will continue to rise until the end of 2025

6/24/2024 Baghdad - INA - Amna Al-Salami

Today, Monday, the financial advisor to the Prime Minister, Mazhar Muhammad Saleh, identified the most important economic gains achieved due to the rise in oil prices, pointing out that global energy market sources indicate that the current rise in oil prices will continue until the end of the year 2025.

Saleh said to the Iraqi News Agency (INA): “There is a clear link between the rise in revenues from Iraq’s exported oil due to the rise in energy prices in global markets on the one hand, and the sustainability of financing investment projects whose allocations are estimated in the Federal General Budget Law No. 13 of 2023 (the tripartite budget).” Which exceeds 55 trillion dinars annually.”

He explained, “The rise in oil prices above their estimated rates leads to reducing the hypothetical deficit gap in the annual general budget, which is estimated at approximately 64 trillion dinars, and provides sustainability of spending on development projects,” stressing that “the hypothetical deficit is no longer a reason for faltering or delaying reconstruction projects and expenditures.” Related investment.

Saleh added, "The government program has prioritized, in its philosophy and general directions, the policy of diversifying sources of income in the national economy."

He stated, “For the first time, sovereign guarantees are granted to market activities and the private sector as a partner in development, with priority to major economic diversification activities, by providing appropriate financing to the private sector from global financial sources in order to finance the transfer of modern technology, especially the manufacturing and petrochemical industries, as well as industries related to the provision of high-quality products.” “A link to reconstruction, to ensure stable and high growth rates and provide the requirements for sustainable development and operation.”

He pointed out, “Global energy market sources indicate that the current oil prices will continue to rise until the end of the year 2025, with an average price of one barrel of crude oil at no less than $82, which is an average that exceeds the conservative price mentioned in the general budget law above, which was estimated at about $70 per barrel.” LINK

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

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

Militia Man Everybody should be pumped and ready to go... Article quote: "Sovereign guarantees to the private sector will contribute to the industrial renaissance" This article right here will blow your socks off...

Nader From The Mid East Things have been moving a little bit from here to the 8th of July. I hope we have an answer cuz that's what they shooting for. I don't know if it's going to be good or bad...It's more good than bad but I don't want to say anything about that cuz if anything happen you're going to say, 'Hey, but you said this. You said that.'

Iraq's Central Bank Still Dealing With Corruption Despite New Reform

Nader: 6-24-2024

The ICB has found multiple private banks that have been money laundering and handling large amounts secrete US currency transactions. With this being handled and taken care of soon, Iraq will soon be on a path to cleaning out the corruption.

https://www.youtube.com/watch?v=Lj6a3Tx0Q94

Will the EU collapse: Indonesia Join China and Reject the EU

Fastepo: 6-24-2024

Indonesia's pivot from the European Union to China in its trade relationships is rooted in the contentious regulatory environment imposed by the EU's Green Deal.

The EU's stringent anti-deforestation legislation, aimed at preventing commodities linked to deforestation from entering the European market, has created significant barriers for Indonesian exporters, particularly smallholders in the palm oil industry.

In contrast, China has presented itself as a more flexible and supportive ally. With robust investments in Indonesian infrastructure and industries, including significant projects in the digital economy and renewable energy sectors, China has become Indonesia's largest trading partner.

This strategic shift is further solidified through agreements under the Belt and Road Initiative, which have enhanced economic integration and mutual benefits.

As a result, Indonesia's trade focus has increasingly turned towards China, reflecting a pragmatic approach to securing economic growth and stability amid global challenges.

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

I’m a Self-Made Millionaire but Received No Formal Financial Education – 5 Resources I Used To Teach Myself

Brooke Barley Mon, June 24, 2024

Did you know that there are 24.5 million millionaires in the United States? That means every 7 out of 100 people have millions in wealth at their disposal. How can you become one of them?

You might think that to amass a million dollars, you have to go to the right schools, take the right internships and get in on the ground floor somewhere right after college. That’s one path, but it’s not one that everyone takes. Some millionaires never take one business course at a university and still end up with a fortune.

I’m a self-made millionaire who received no financial training,” Stan Dzhishkaryani said. Despite no financial training, Dzhishkaryani is the founder and CEO of DZ Moving, a moving and logistics management company. “My financial acumen was based a lot on making lifestyle adjustments such as living a minimalist lifestyle and prioritizing health, which made a big difference.”

1. Read Financial Texts

If you’re looking to grow your net worth, you don’t necessarily need to enroll at a business school. Your path to wealth can be as simple as going to the library.

Arvind Rongala didn’t have any financial education in a formal setting, but he is now the CEO of Edstellar, a company that provides corporate training solutions. Rongala said that he expanded his business knowledge by reading financial texts.

“When I first started, I lacked official financial knowledge, but I used several tools to learn. Personal financial, investment and entrepreneurial books were gems. For instance, reading books like ‘Rich Dad Poor Dad’ by Robert Kiyosaki and ‘The Intelligent Investor’ by Benjamin Graham taught me a lot.”

Other popular books for financial literacy include ‘The Richest Man in Babylon’ by George S. Clason, ‘Your Money or Your Life’ by Vicki Robin & Joe Dominguez, and ‘The Simple Path to Wealth’ by J.L. Collins.

Though Rongala didn’t knock formal schooling, he says teaching yourself offers the freedom you might not have in a school setting. “Self-teaching gives flexibility and [you can] be just as successful if one is dedicated and creative.”

You can focus on growing your business while absorbing the essential information to improve.

2. Check Out Online Courses

Even if you don’t have the money to enroll in college courses, you can still get so much from taking an online class. Kevin McLaughlin started his own contracting business Heritage Exteriors LLC. To do that, he looked for resources online that catered to his line of work to learn everything he could.

“Online resources and industry publications became critical as my business grew. For instance, to stay updated on best practices and new products, I frequently visited websites like the National Roofing Contractors Association (NRCA). I also spent many hours reading trade magazines such as ‘Roofing Contractor’ and ‘Qualified Remodeler,’ which provided actionable insights and real-world case studies.”

Rongala agreed with McLaughlin, saying there are plenty of websites now that offer courses in pretty much any field you’re looking to learn more about. “Websites like Coursera provide excellent free courses on company management and financial literacy.”

To Read More:

https://www.yahoo.com/finance/news/m-self-made-millionaire-received-182955232.html

Learn why the BRICS UNIT token currency is unlike anything you’ve heard about before.

In This Article

• What is the BRICS UNIT Token?

• Is the BRICS UNIT a Cryptocurrency?

• Is the BRICS UNIT a Stablecoin?

• Is the BRICS UNIT a CBDC?

• What are Blockchain Nodes in the new BRICS UNIT Financial System?

• What is the BRICS UNIT’s Role?

I get it. The revolutionary and groundbreaking makeup of the new BRICS+ gold-backed currency token (the UNIT) and its financial ecosystem is confusing.

This article explains what the UNIT token is, and how it differs from cryptocurrencies, stablecoins, and Central Bank Digital Currencies (CBDCs).

Combining both a stable store of value without the depreciation of fiat currencies like the US Dollar but also be fungible medium of exchange like a currency.

Unlike traditional cryptocurrencies or stablecoins, the value of the UNIT token is based on a basket of underlying assets, based on a 40% gold component and 60% local currencies component.

This combination gives the UNIT token a stable intrinsic value while being flexible and fungible for everyday transactions.

The UNIT token, however, derives its value from a mix of gold and local currencies. This basket of assets ensures that the value of the UNIT token is more stable than that of typical cryptocurrencies, making it highly reliable for everyday use.

The UNIT token, while also backed by assets, does not have a fixed value. Its value fluctuates based on the total value of its underlying assets and market demand.

This means the UNIT token is not a stablecoin, as it lacks the reverse conversion mechanism that stabilizes a stablecoins’ value.

The UNIT token, however, operates on a Decentralized Autonomous Organization (DAO) structure, which means it is governed by a community of users (node operators) rather than a central authority.

This decentralized nature differentiates the UNIT token from CBDCs, ensuring it remains an apolitical and globally accessible digital currency.

These nodes ensure the decentralized and distributed nature of the UNIT token, enhancing security and reliability. Each participating country maintains control over its node, contributing to the overall resilience and integrity of the UNIT network.

This structure allows for a collaborative yet autonomous participation in the global UNIT financial ecosystem.

Unlike stablecoins, which are often used as a bridge in transactions, the UNIT token is a final stage currency. It will complement local currencies rather than replace them, providing a more stable and reliable alternative for trade and investment.

Its unique structure and intrinsic value make it a promising tool for modern financial transactions, standing apart from cryptocurrencies, stablecoins, and CBDCs.

Its operation within a DAO framework and the use of independent blockchain nodes by participating countries ensure it remains decentralized and robust, making it a viable and innovative financial instrument.

Supporting article:https://brics-plus-analytics.org/how-does-the-brics-currency-transform-the-world-economy/

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U.S. Dollar Will Lose its Reserve Status, “We Fumbled this Big Time”: Charles Payne

Daniela Cambone: 6-24-2024

The Fed is on the verge of making a monumental mistake,” warns Charles Payne, host of Fox's "Making Money with Charles Payne.” Speaking with Daniela Cambone, Payne criticizes the Federal Reserve's decision to hold interest rates steady at a 23-year high, arguing it will not benefit the economy.

He also lashes out against the Fed's “data-dependency” approach, questioning, “What data exactly are you looking at? Are you looking at late payments? Are you looking at bankruptcies?”

On recent reports of Saudi Arabia breaking away from the petrodollar system, Payne acknowledges that de-dollarization is happening.

"We're not doing the things that come with the sort of fiduciary responsibility of having the world's premier currency," he says.

He also advises people to stay flexible about the city where they buy their first home and to start saving. Watch the insightful interview now to learn more about Payne's views.

CHAPTERS:

00:00 De-dollarization

5:48 HSBC statement about the US dollar

7:21 Fed rate cuts

10:58 Job market

13:50 People can’t retire

16:52 Housing purchasing

20:44 Stock market

23:39 Investing in precious metals

24:58 Future of America

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

BRICS' WIN IN ASIA: Malaysia & Thailand Apply to Join, While Japan Is Ditching US Treasuries

Lena Petrova: 6-24-2024

https://www.youtube.com/watch?v=oI4qrr87zN4

US Dollar to Get Re-Priced from ‘Widely Overvalued’ Levels, Massive Impact on Gold, Bitcoin Targets

Kitco News: 6-24-2024

U.S. Treasuries will be dumped as global reserves by 2030 as the U.S. dollar will get re-priced from "widely overvalued" levels, Luke Gromen, founder and president of Forest for the Trees (FFTT), tells Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News.

Gromen weighs in on what he sees as the new global reserve asset and what it means for gold and Bitcoin prices.

https://www.youtube.com/watch?v=Vv9DVOhyNhE

Goldilocks' Comments and Global Economic News Monday 6-24-24

Good Evening Dinar Recaps,

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Options Clearing Corporation: Risk Management Transformation |Youtube

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Understanding Treasury Contract Specifications |Youtube

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Central Bank Swap Arrangements, Explained |Youtube

👆 Goldilocks pointed to this article

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Hong Kong invites global opinions on web3 and virtual assets future -StartupNews fyi

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Asset managers update proposals for Ether ETFs, eyeing July launch —Blockchair News

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Commission seeks input from industry on the use of artificial intelligence in finance -European Commission

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The podcast 6/22/24 on Vietnam should get everyone excited about where we are with FACTS. Podcast Youtube

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