Dinar Recaps Blog Page — Dinar Recaps (2024)

Frank26, KTFA Dinar Recaps 20 7/6/24 Frank26, KTFA Dinar Recaps 20 7/6/24

KTFA

Friday Night conference Call

FRANK26…..7-5-24……..SOLID GOLD

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#

KTFA

Friday Night conference Call

FRANK26…..7-5-24……..SOLID GOLD

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=MQVU3SJqf_o

Advice, Economics, Personal Finance DINARRECAPS8 7/5/24 Advice, Economics, Personal Finance DINARRECAPS8 7/5/24

7 Expenses That Will Drain Your Retirement Savings the Fastest

Casey Bond Fri, July 5, 2024

You’ve spent a good portion of your life working and saving for retirement. Once you reach that milestone, you want to feel confident that your nest egg is big enough to cover your needs in your golden years.

As you retire, it’s important to anticipate some of the costs eating into your savings. Here are seven expenses that can drain your retirement savings — and how to plan for them.

7 Expenses That Will Drain Your Retirement Savings the Fastest

Casey Bond Fri, July 5, 2024

As you retire, it’s important to anticipate some of the costs eating into your savings. Here are seven expenses that can drain your retirement savings — and how to plan for them.

Healthcare

Even with Medicare, out-of-pocket healthcare expenses can be significant, according to Taylor Kovar, certified financial planner and CEO at The Money Couple and Kovar Wealth Management. “This includes prescriptions, surgeries, and long-term care costs,” said Kovar.

One estimate by HealthView Services Financial finds that a healthy 65-year-old couple who retired in 2021 will likely spend between $156,208 and $1 million on healthcare costs during retirement, depending on where and how long they live.

How To Plan: Kovar said it’s a good idea to have a health savings account (HSA) or a similar fund specifically for medical expenses. “Regularly reviewing your health insurance and considering supplemental insurance can also help mitigate these costs,” he added.

Homeownership

If you own a home, that can be another source of major expenses that eat into retirement funds. “As homes age, significant repairs like roof replacements or plumbing issues become more frequent,” Kovar said. From 2016 through 2020, Americans aged 65 and older spent an average of $16,880 per year on housing-related costs, according to the Bureau of Labor Statistics.

How To Plan: Kovar recommends setting aside a home maintenance fund and conducting regular home inspections to help anticipate and spread out these costs.

Inflation

Inflation can significantly impact your future savings, since you’ll need to take larger withdrawals to make up for the higher cost of living, according to Jeff Busch, partner and investment advisor representative at Lift Financial. “This can be particularly troublesome if your portfolio is made up of ﬁxed income strategies that can’t keep up with inflation by increasing income over time,” said Busch.

How To Plan: To mitigate inflation, Busch said you may want to invest a portion of your portfolio in stocks that have historically provided better returns than bonds and cash. In general, he added, maintaining a diversified portfolio can be a big help in the long run.

Adult Children (and Their Children)

From student loans to cell phone bills, many retirees find themselves financially assisting their adult children or even their grandchildren. A study by Merrill Lynch found that in 2018, 79% of parents were providing financial support to their adult children, contributing a combined total of $500 billion annually.

How To Plan: Kovar said it’s essential to set boundaries and have open financial discussions with family to ensure this support doesn’t derail retirement plans.

Chats and Rumors, Economics Dinar Recaps 20 7/5/24 Chats and Rumors, Economics Dinar Recaps 20 7/5/24

KTFA:

Frank26:

"THIS IS THE HCL FOR THE CITIZENS BECAUSE THEY STOLE THE MONEY FOR IT... TODAY THEY SAY THE OPPOSITE IN ORDER TO SURVIVE IN IRAQ!!!"............F26

Parliamentary Committee to Al-Eqtisad News: The Oil and Gas Law is Almost Complete, and This is What We Hope for from Barzani’s Visit to Baghdad

7/4/2024 Baghdad

Member of the Parliamentary Oil and Gas Committee, Zainab Al-Moussawi, revealed today, Thursday, the latest developments in the Oil and Gas Law, while pointing to the impact of Masoud Barzani’s visit to Baghdad on the approval of the law.

Al-Moussawi said in an interview with Al-Eqtisad News: “So far, the draft oil and gas law is almost complete, with a high percentage that may reach 90%, but there are some objections from the Kurds regarding some points, which are summarized in handing over oil imports and exploited and unexploited natural resources to Baghdad, as Erbil refuses to do so.”

KTFA:

Frank26: "THIS IS THE HCL FOR THE CITIZENS BECAUSE THEY STOLE THE MONEY FOR IT... TODAY THEY SAY THE OPPOSITE IN ORDER TO SURVIVE IN IRAQ!!!"............F26

Parliamentary Committee to Al-Eqtisad News: The Oil and Gas Law is Almost Complete, and This is What We Hope for from Barzani’s Visit to Baghdad

7/4/2024 Baghdad

Member of the Parliamentary Oil and Gas Committee, Zainab Al-Moussawi, revealed today, Thursday, the latest developments in the Oil and Gas Law, while pointing to the impact of Masoud Barzani’s visit to Baghdad on the approval of the law.

She added: "We hope that Masoud Barzani's visit will be the beginning of resolving the crisis of the law and its legislation after an agreement with the political foundations in Baghdad, which is the Coordination Framework, as all political blocs are moving towards legislating the oil and gas law that regulates the country's natural resources."

The member of the Parliamentary Oil Committee explained that "the Oil and Gas Law contributes to exploiting the largest possible amount of undiscovered oil fields and also contributes to achieving self-sufficiency in petroleum derivatives and optimal exploitation of wasted natural resources estimated at hundreds of billions of dollars that contribute to diversifying the state's financial resources." LINK

Frank26: "THE MONETARY REFORM 'BONDS' THE VALUE OF THE MONETARY REFORM....F26

Securities Commission: The government has successfully completed the sale of financial bonds

7/3/2024 Baghdad

The Securities Commission confirmed on Wednesday that the government had successfully completed the sale of financial bonds, while indicating that many foreign investors had purchased those bonds.

The head of the authority, Faisal Al-Haimus, said: “The government has successfully completed the sale of financial bonds,” indicating that “all financial bonds that were sold were subscribed to, and this reflects the strength and stability of the State of Iraq.”

He pointed out that "there are many foreign investors who bought financial bonds, and this reflects the stability of the Iraqi state."

Government bonds are a type of debt-based investment where you lend money to a government in exchange for an agreed-upon interest rate. Governments use them to raise money that can be spent on infrastructure or new projects, and investors can use them to earn set returns that are paid at regular intervals. LINK

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

Frank26 [Iraq boots-on-the-ground report] FIREFLY: Bank friend said something strange and interesting. Don't be surprised when this does come out it will come out pretty close to the cap or just maybe a fixed rate...It is possible they come out just right away at $3.22 because remember this is the reinstatement of our currency. FRANK: Boom! Boom! FIREFLY: They have so much riding on this with investment and any setback in the market could lead to a disaster of our monetary reform. Let's just say it comes out at $3.22 and it starts to move in the float or it could be fixed rate for a special period of time...

Mnt Goat I want to quote from the financial advisor to the Prime Minister, Mazhar Muhammad Saleh from one of the articles – “The fixed exchange rate system in Iraq is based on the highest international reserves in the history of Iraq and its monetary policy, as foreign currency covers more than 100% of the total currency currently issued.” So, this is telling us that the foreign reserves can back the dinar now in circulation by 100%... This is amazing. What wealth. But the dinar is still at 1/6 of a penny?

Iraq's New Dollar Distribution for Travelers

Nader: 7-5-2024

The CBI has created a new and safer way for travelers to exchange currencies at airports to avoid issues like, scams and fraudulent exchanges.

https://www.youtube.com/watch?v=872P0zXjrhg

Are You Ready for an IQD Revalue?

Edu Matrix: 7-5-2024

Are you even ready for an Iraqi Dinar or Any Currency Revalue? It takes more than exchanging your banknotes to prepare for increased income. Here's what you need to know if you have never been wealthy before.

https://www.youtube.com/watch?v=BcGwE93gLjM

News DINARRECAPS8 7/5/24 News DINARRECAPS8 7/5/24

A Government Policy To Control The State's Public Finances

Iraq 07/03/2024 Baghdad: Huda Al-Azzawi Iraq has suffered throughout the previous years from the inability of successive governments to control spending, both operational and investment, and to control expenditures in all sections of activities approved by the state’s general budget,

until the current government - according to what specialists see - was able, through its policies, to control the state’s public finances through... Implementing automation and electronic governance programs, as well as moving towards balancing programs and performance and not just balancing items.

The Prime Minister’s Advisor for Financial and Economic Affairs, Dr. Mazhar Muhammad Saleh, said in an interview with “Al-Sabah”:

A Government Policy To Control The State's Public Finances

The Prime Minister’s Advisor for Financial and Economic Affairs, Dr. Mazhar Muhammad Saleh, said in an interview with “Al-Sabah”:

“Within the scope of implementing its financial policy, the federal government has diagnosed that building the federal general budget on the principle of the so-called budget items alone does not provide an adequate basis for controlling financial transactions.” And reassurance of expenses, both operational and investment, in terms of performance and correct targeting of the activity spent on efficient".

He stated, “In this regard, the scope of financial responsibility required moving in two parallel directions to raise the efficiency of public finance and financial discipline. The

first is:

automating public finance work in revenues and expenditures,

introducing digital systems, and

relying on electronic governance through the contents that the government program came up with, and the

second:

focusing on directing... Public spending, especially investment spending in implementing public projects,

aims to balance programs and performance in a gradual and systematic manner, to

ensure efficient implementation and

evaluate the performance of expenditures without disruption, delay, or waste of public money.” He pointed out,

“This is what the current financial policy has taken by adopting disbursem*nt programs that provide oversight and evaluation of multi-faceted activities that concern broad sectors and activities and are currently called (special programs), without implicitly abandoning the budget items that will be an integral part of the budget.” Special programs or programs as a first stage.” Saleh stressed,

“Based on the above, the country’s financial system is currently being modernized in a successive manner with two pillars (financial automation and modernization of government accounting) and in accordance with the principles of digital control and the adoption of program principles in implementing and managing public budgets in a gradual and systematic manner within the framework of the economic reform policy.” And the country's finances.

For his part, the academic researcher in financial affairs and development, Aqeel Jabr Ali Al-Muhammadawi, said in an interview with “Al-Sabah”:

“It is not possible to implement the management and control of public financial flows with high efficiency without evaluating and analyzing the financial situation, and the sustainability of public finances on solid financial foundations and methodology and a financial mentality.”

“A new specialist with more accurate and sober financial models that transcends areas of functional and institutional dysfunction in public financial decisions and procedures, which will provide legal entities and public government institutions with additional objective information that can positively impact the quality of administrative decision-making and decision-making taken by government bodies, councils and departments.”

He added, "This indicates the necessary need to prepare a comprehensive financial methodology from experts in the accounting and financial specialization, more than economists, in order to develop

statistics,

financial indicators,

national accounts,

financial practices,

banking supervision,

financial and real estate credit,

financial insurance, and others

according to concepts, and to provide specialized and advanced financial analysis."

And more accurate and sober, taking into account differences in the areas of building, formulating and setting standards and metrics according to standard models, as well as financial practices and applications and statistical resources from various governmental and non-governmental institutions.” https://alsabaah.iq/98944-.html

Oil Prices Are Heading Towards New Gains

Economy |05/07/2024 Follow-up - Mawazine News Oil prices were little changed in early Asian trading on Friday, but were on track for a fourth straight weekly gain and remained near their highest since late April on hopes of strong summer fuel demand and some supply concerns.

Brent crude futures, which have risen 7 percent over the past four weeks, were down 2 cents at $87.41 a barrel by 0143 GMT .

U.S. West Texas Intermediate (WTI) crude futures, which have risen 9 percent over the past four weeks, were up 9 cents at $83.97, above Wednesday's settlement. The U.S. market was closed on Thursday for the Independence Day holiday.

Oil has been rising this week on expectations of higher summer demand in the United States, the world's largest oil consumer.

"Market sentiment has been supported this week by signs of increased transportation and escalating geopolitical tensions in the Middle East," analysts at ANZ Research said in a note on Friday.

The U.S. Energy Information Administration reported a massive 12.2 million barrel draw in inventories last week, compared with analysts’ expectations for a draw of 700,000 barrels.

On supplies, Reuters reported on Thursday that Russian oil producers Rosneft and Lukoil will sharply cut oil exports from the Black Sea port of Novorossiysk in July.

Meanwhile, Saudi Aramco cut the August price of its flagship Arab Light crude to Asia by $1.80 a barrel above the Oman/Dubai average, highlighting the pressure OPEC producers are facing as non-OPEC supplies grow. https://www.mawazin.net/Details.aspx?jimare=250780

Ports Announce The Completion Of The First Phase Of Networking By 100 Percent

Money and business Economy News - Baghdad

The consultant for the border crossings networking project, Ahmed Ezz El-Din, confirmed today, Friday, that the authority has made advanced progress in the electronic networking of the crossings, pointing out that the first phase of the networking has been completed.

Ezz El-Din said, "The first phase of the networking of the ports has been completed 100%, and all border ports have been connected with optical cable and the highest-spec infrastructure of network devices and servers has been established," stressing that "all devices are currently connected to the Border Ports Operations Center at the Ports Authority."

He added that "the network connection means that digital transformation and automation of systems will be available, and its implementation will be direct," noting that "the border crossings management program has been implemented and a live image has been transferred from sonar devices directly to the operations center."

He stated that "the port and the operations center were audited via live broadcast, which leads to combating corruption and reducing pressure on workers at the ports and monitoring the movement of trucks and goods from their entry to their exit."

95 views 07/05/2024 - https://economy-news.net/content.php?id=44917

Slight Increase In Inflation Rate For Last May

Friday 05 July 2024 14:13 | Economic Number of readings: 227 Baghdad / NINA / The Ministry of Planning announced today, Friday, a slight increase in the inflation rate during the month of May, by (0.1%).

The official spokesman for the ministry, Abdul Zahra Al-Hindawi, said that "the General Authority for Statistics and Geographic Information Systems monitored this increase in the movement of prices in the Iraqi local markets in all governorates."

He explained that "the recorded increase rate came in comparison with the inflation rate recorded during the month of April that preceded the month of May," noting that "the annual inflation rate witnessed an increase of (3.4%) during the month of May compared to the same month of last year 2023." / End 5 https://ninanews.com/Website/News/Details?key=1139808

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

Provoking Thoughts and Points To Ponder On Adversity:

I have always grown from my problems and challenges, from the things that don't work out. That's when I've really learned.-Carol Burnett

Those things that hurt, instruct.-Benjamin Franklin

Pain is the root of knowledge.-Simone Weil

Life can be real tough ... you can either learn from your problems, or keep repeating them over and over.-Marie Osmond

Bad times have a scientific value. These are occasions a good learner would not miss.-Ralph Waldo Emerson

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

http://famousuotesandauthors.com/quotes_by_topic.htmlo,.

MZ: “Parliamentary committee for “Economy News” The Oil and Gas law is almost complete-this is what we hope from Barzani’s visit to Baghdad” They want you to know they are almost done with HCL. From day one I was told to look for HCL being completed and then BAM you are headed to the bank!

Member: Frank26 says the same thing…….

Member: HCL is possibly cover for starting the RV without announcing it until BRICS has their announcement of The Unit

Member: I was told if IRAQ says anything is almost done. It’s already done!....

MZ: Also in Iraq they are working with the Saudi’s directly to complete undersea cable agreement for internet connectivity. Iraq is becoming a central hub for communications in the middle east. Big news for Iraq. If you are going to be a regional leader- Iraq is going to need some higher valued dinar…imo

MZ: “Unfolding structural economic transformation in Iraq” This article popped yesterday. This is talking about Iraq’s successes – especially in the digital banking world ….and them coming up to speed “tech wise” with the rest of the world. They have made great strides digitizing their economy to be more efficient and faster. We are seeing the economic changes we need for them to change the rate. .

MZ: The news coming out from bonds, banks and groups remains extremely optimistic. They say we are in the process. We will soon find out as more money moves…..

Member: Still waiting for the fines and penalties.. unfortunately

Member: I’m noticing less currency for sale out there…. Anybody else see that? Couldn’t find the good ones I was checking on this morning. Seems sold out or clawed back.

Member: That's a great sign that the currency sites are running low of product.. The door to selling is gonna slam shut at trigger pull.

Member: Japan got new currency on July 3rd

Member: How will we get notifications if the phones and internet is taken down?

MZ: I think this is one of the worst rumors on the planet. No part of me is thinking, TV’s , radio, , power or internet will be turned off. I am told the alleged 10 days of darkness is not 10 days of darkness but them taking control of the Main stream media in order to get the actual truth out there.

Member: Shouldn’t it really be called “Ten Days of Light” ?

Member: 10 days of Darkness = when everyone is glued to their TV while we exchange our currencies in private?? I hope

Member: Come on RV….In the spirit of Independence Day. I would also like to be independent of my bills.

Member: See everyone tonight…hopefully some bond people will get paid today??? Fingers crossed

Michael Cottrell and CBD Gurus join the stream today. Please listen to the replay for their information and opinions.

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

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Chats and Rumors, Economics Dinar Recaps 20 7/5/24 Chats and Rumors, Economics Dinar Recaps 20 7/5/24

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 5 July 2024

Compiled Fri. 5 July 2024 12:01 am ESTby Judy Byington

Global Currency Reset: (Rumors/Opinions)

Thurs. 4 July 2024 Wolverine: “Since MarkZ let it out of the bag: Brazil starts payments on Friday 5 July 2024. Blessings. …There will be no announcement of the RV. The notifications for Tier4b to exchange will just come out without warning. Tier4b is defiantly going to exchange very soon. I received a call, but can’t say much because everything is confidential. Everyone is under NDAs. Private contractors are being paid. Bond Holders are starting. I’ve seen the signed contracts and certified documents for the reset. It’s defiantly happening.”

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

RV Excerpts from the Restored Republic via a GCR: Update as of Fri. 5 July 2024

Compiled Fri. 5 July 2024 12:01 am ESTby Judy Byington

Global Currency Reset: (Rumors/Opinions)

Thurs. 4 July 2024 Banker: No guarantees but the latest from the banker is the scuttlebutt from above him is certain bond groups will be notified over this weekend and should that occur the currency notices will go out next Tuesday or Wednesday 9, 10 July 2024, with appointment scheduling afterwards with exchanging beginning the week of the 15th of July.

Tues. 2 July 2024 Bruce: The word from a Redemption Center Head was that Tier4b (us, the Internet Group) were going to get notified on Fri. 5 July and receive appointments over the weekend. NESARA should be announced the 8th or the 9th.

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Sun. 30 June 2024 Breakfast with Tiffany: USD funds for Trigger Files have been released and will be ready for disbursem*nt next Mon. 8 July and prerequisites for launching USN Bills now being finalized and scheduled for disbursem*nt on that July 8th.

GESARA is supposed to be announced July 8th as well, been further advised Trigger Bond payment Monday 1st and bond redemption paymentsThursday 4th, public release of USN Bills and Currency Revaluation starting the 8th.

The Global Currency Reset release of funds across the World has been given, with funds coming directly from the US Treasury Department of Defense Operations.

The launch of the RV was slowed down due to many Hacker and Cyber Attacks.

There will be an Internet Blackout

The White Hat Military are in control of the redemption process.

Wells Fargo and HSBC are leading these operations across the Globe.

There are local institutions in countries around the World that are connected and ready for Global notifications with access to Treasury Departments in the different countries.

All banks have signed confidentiality agreements (NDA) so it is normal for everything to be silent.

Notifications have gone out to Tier 4a, a small group of Tier4b and some Bond Holders.

The RV is being negotiated on the Forex.

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Sun. 30 June 2024 Mike Bara: The “Bond Holder” has been told he will be paid this week. I was told what day, but cannot share it. MarkZ reported that an announcement about lower denominations has been made in Iraq.

Sun. 30 June 2024: Look for something to happen around Mon. 8 July in regards to the NESARA announcement that will tie in with November 5th, allowing for the 120 days.

Wed. 3 July 2024: Golden Redemption: The Birth of USN US Note Backed by QFS Gold-Backed Digital Currency – American Media Group (amg-news.com)

Thurs. 5 July 2024: Breaking!!! Do Not Confuse the Two Ways Exchanges and Redemptions Get Processed | Understanding the Critical Distinction in Exchange and Redemption Processing | NESARA GESARA Redemption Centers – Dave XRP Lion – American Media Group (amg-news.com)

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Global Financial Crisis:

Thurs. 4 July 2024 The Financial Tsunami is HERE: Crypto Predictions, Next Black Swan, XRP, QFS, GCR, US Treasury Note and Crypto Currency Regulations.

Wed. 3 July 2024: Viral Video: Nationwide Bank in UK REFUSING Withdrawals by Depositors! A Wake-Up Call for the UK! – American Media Group (amg-news.com)

Wed. 3 July 2024: BQQQM!!!! New QFS NESARA/GESARA Election Voting System Redesigned for All – Dave XRP Lion – American Media Group (amg-news.com)

Thurs. 4 July 2024 Canada: A recent measure dictates that individuals who gain capital taxes exceeding C$250,000 ($180,804) will face a tax rate of 66.7%, a notable increase from the current 50%. Moreover, companies and trusts will also see their capital gains taxed at the same elevated rate of 66.7%. This adjustment aims to ensure a fairer distribution of tax burdens and aligns with efforts to address income inequality and bolster public revenues.

Thurs. 4 July 2024 Zimbabwe introduces plan to jail individuals caught using the US Dollar and other foreign currency for up to 10 years.

Read full post here: https://dinarchronicles.com/2024/07/05/restored-republic-via-a-gcr-update-as-of-july-5-2024/

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

Militia Man The Oil and Gas [Law] and the presidency of the House of Representatives, I think those are going to be coming, tie to tie, hand in hand because...if they need to value...assets, they're going to need a real effective exchange rate...

Frank26 Question "Does the budget have to be in The Gazette before we see a change in the rate?" No. They can make the change and then it can pop up in the Gazette. The Gazette is not something that is a mandatory in order for it to be revealed. The budget is a mandatory in order for it to be revealed.

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US Economy on the verge of Collapse: Japan Final Nail in the Coffin of US Dollar

Fastepo: 7-5-2024

Japan has been significantly cutting back on its U.S. Treasury holdings, marking a notable change in its investment approach. By May 2024, Japan's holdings had fallen to $1.212 trillion, the lowest level since January 2020, representing an 18.5% year-over-year decline.

Several factors contribute to this reduction. First, the increasing yields on Japanese government bonds have made domestic investments more appealing to Japanese investors.

Additionally, the Federal Reserve's recent rate hikes have raised hedging costs for foreign investors, thereby diminishing the attractiveness of U.S. Treasuries.

This strategic shift underscores Japan's evolving focus on more favorable investment opportunities within its own market.

https://www.youtube.com/watch?v=SDKzn8CHQMI

News DINARRECAPS8 7/5/24 News DINARRECAPS8 7/5/24

Urgent| An Economic Expert Warns: We Are Close To The Moment The Dinar Collapses Against The Dollar

July 4, 2024 Baghdad/Iraq Observer Economic expert Ziad Al-Hashemi warned, today, Thursday, of the collapse of the Iraqi dinar against the US dollar in light of the presence of rising factors.

Al-Hashemi said in a blog post on the (x) platform, followed by “Iraq Observer,” that

“(dollar exchange rates) are on the threshold of 1,500 dinars and are likely to rise further, after the US Federal Reserve banned Iraqi remittances in Chinese yuan, due to suspicions of smuggling, money laundering, and financial fraud.”

Urgent| An Economic Expert Warns: We Are Close To The Moment The Dinar Collapses Against The Dollar

July 4, 2024 Baghdad/Iraq Observer Economic expert Ziad Al-Hashemi warned, today, Thursday, of the collapse of the Iraqi dinar against the US dollar in light of the presence of rising factors.

Al-Hashemi said in a blog post on the (x) platform, followed by “Iraq Observer,” that

He added: “It is expected that this ban will cause an increase in demand for the cash dollar within the parallel markets, and this may push the Iraqi Central Bank to return to implementing more stringent measures that will increase the state of anxiety and turmoil in the markets.” Al-Hashemi continued:

“During this week, we witnessed the cessation of selling the dollar to travelers through approved banking companies and restricting it to sales outlets inside the airport only.

This measure will cause more rapid demand for the dollar from the parallel market, especially with the start of the travel season.” He continued: “As I mentioned in previous attached tweets, the Iraqi Central Bank has not been able, more than 18 months after the exchange rate crisis, to dismantle and solve the exchange rate problem, as the factors of rising exchange rates are still effective and influential.”

He pointed out that “what happened in the last period was merely a postponement of the moment of the collapse of the dinar against the dollar, by numbing the markets with an imaginary stability as a result of a huge sale of the dollar that could decline sharply with any decision from the Federal Reserve that turns the tables on the central bank’s actions, and this is what happened today.” https://observeriraq.net/عاجل-خبير-اقتصادي-يحذر-اقتربنا-من-لحظة/

The Central Bank Urges Reporting Cases Of Corruption

July 03, 2024 The Central Bank of Iraq encourages witnesses, experts, and whistleblowers to report cases of corruption, in accordance with Article (9/second) of the Law on the Protection of Witnesses, Experts, Informants, and Victims No. (58) of 2017 related to rewarding whistleblowers for corruption cases.

This bank indicates that the informant is rewarded for reporting cases of corruption if it leads to their disclosure, within the basis and amount of the reward according to a system issued by the Council of Ministers. Central Bank of Iraq information Office 3 - July – 2024 https://cbi.iq/news/view/2610

A Government Source Announces The Size Of The Debts Collected For The Trade Bank Of Iraq

Economy Yesterday, 20:59 Baghdad – IA A government source announced today, Thursday, the volume of debts collected for the Trade Bank of Iraq.

Speaking to the Iraqi News Agency (INA), the source said, “Within the framework of the effort made by the government in the field of financial and administrative reform of the government banking sector, and based on the directives and continuous follow-up of the Prime Minister to restructure the due debts (government and private sector), which benefits the Iraqi Bank.”

For TBI Trade, the following results were achieved during the last period of the government’s life:

1. The total debts collected and owed by the government sector, including the balances of the Kurdistan region, and paid to the Iraqi Trade Bank until 6/30/2024 amounted to approximately one trillion and 630 billion Iraqi dinars. He added,

"2. The total debts collected and owed by the private sector and paid to the Iraqi Trade Bank until 6/30/2024 amounted to approximately three hundred and forty-eight billion Iraqi dinars,

3. The total amounts collected to the Ministry of Finance IRAQ2 account, which represent expired and canceled credit balances, It amounted to approximately fifty-three million dollars. He continued,

"Work is continuing to settle other debts in this area, in coordination with the entities issuing those credits." https://www.ina.iq/212001--630-.html

Nassif: “Capital” Circumvents Iraqi Law And Drains Iraqi Funds Through The Currency Auction

Policy 2024-07-03 | 2,923 views A member of the Parliamentary Integrity Committee, Representative Alia Nassif, revealed today, Wednesday, that the Capital Bank is circumventing Iraqi law, while indicating that it is draining Iraqi funds through the currency auction. Nassif said in a tweet on "X", "Capital Bank agreed with the National Bank to circumvent Iraqi law by opening an account for Iraqi clients at Capital and then making investment transfers."

She added, "Huge sums are deposited in Iraqi dinars and then transferred and received in Amman in dollars as part of an organized operation to smuggle money into Jordan," indicating that "Iraqi funds are being drained through the currency auction." https://www.alsumaria.tv/news/politics/492906/نصيف-الكابيتال-يتحايل-على-القانون-العراقي-ويستنزف-الأموال-العراقية-بمز

Stopping Dealing In Chinese Remittances, Whether Temporary Or Permanent.. Al-Kazemi Reveals The Details To Al-Sumaria

Special Sumerian 2024-07-04 | 3,920 views Member of the Parliamentary Finance Committee, MP Moeen Al-Kadhimi, revealed today, Wednesday, the reason for stopping Chinese transfers in the “yuan” currency, while indicating that the matter is temporary until investigation mechanisms are found.

Al-Kadhimi said in an exclusive interview with Al-Sumaria News that “China’s transfers in the yuan currency have been temporarily stopped Until audit mechanisms are found.” Al-Kadhimi added, "During the past period, we have found significant manipulation of Chinese remittances."

https://www.alsumaria.tv/news/alsumariaspecial/492972/إيقاف-التعامل-بالحوالات-الصينية-مؤقت-ام-دائمي-الكاظمي-يكشف-لـ-السومرية

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

Provoking Thoughts and Points To Ponder On Adversity:

I have always grown from my problems and challenges, from the things that don't work out. That's when I've really learned.-Carol Burnett

Those things that hurt, instruct.-Benjamin Franklin

Pain is the root of knowledge.-Simone Weil

Life can be real tough ... you can either learn from your problems, or keep repeating them over and over.-Marie Osmond

Bad times have a scientific value. These are occasions a good learner would not miss.-Ralph Waldo Emerson

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

http://famousquotesandauthors.com/quotes_by_topic.html

Personal Finance, Special, Humor DINARRECAPS8 7/5/24 Personal Finance, Special, Humor DINARRECAPS8 7/5/24

People Are Spilling On The Worst Case Of "Rich Kid Syndrome" That They Have Ever Seen, And Some Of These Might Make Your Blood Start Boiling

BuzzFeed Thu, July 4, 2024

At some point in our lives, I am sure we all have found ourselves interacting with someone who is completely out of touch because of their wealth. And while the person might not be trying to be malicious or trying to flaunt their wealth with what they're saying, it can still leave you with a not-so-great impression of them.

Jessica Walter as Lucille Bluth says, "It's one banana, Michael. What could it cost, ten dollars?" while holding a banana in a luxurious living room

A few months back, Reddit user WaterWire was interested in just that, in particular with people who grew up wealthy, when they asked: "What’s the worst case of “rich kid syndrome” that you’ve ever seen?"

The thread got over a thousand responses. Below are the top and best comments — which will probably make you roll your eyes a few times:

People Are Spilling On The Worst Case Of "Rich Kid Syndrome" That They Have Ever Seen, And Some Of These Might Make Your Blood Start Boiling

BuzzFeed Thu, July 4, 2024

Jessica Walter as Lucille Bluth says, "It's one banana, Michael. What could it cost, ten dollars?" while holding a banana in a luxurious living room

The thread got over a thousand responses. Below are the top and best comments — which will probably make you roll your eyes a few times:

1."I used to work with someone who proclaimed to be an environmentalist. She was very preachy. Once, I had a can of co*ke on my desk. She said, 'You're going to recycle that, right?' She used her father's personal jet all the time. Once, just to fly from NYC to Boston to see a baseball game."

2."A girl I went to school with crashed and totaled six cars in three years, and her parents continued buying her better and newer cars 'cause every accident 'wasn’t her fault,' and if she had stuff like a backup camera and sensors, they 'wouldn’t have happened.' She got into a fender bender in the school parking lot, and her dad showed up with a wad of cash and paid the other student off."

3."A former friend stamping her foot and crying because 'dad sold the jet and I have to take a commercial flight to our ranch.'"

4."An 'influencer' wondering why other people in their home country don't spend their life traveling like them."

5."Not me, but a friend of mine was an assistant trainer at a Panera store. They hired a teenager who was only working there to meet people. One day, a group left a huge mess in the dining room. Apparently, the teen turned to my friend and said, 'Should we get the help to clean that?' And my friend had to explain that they were the help. He apparently quit not long after."

6."A senior rich kid in my high school was driving his dad's Jaguar when his buddy asked him what would happen if he threw into reverse at 60mph. So they tried it and essentially blew the transmission and the motor up. A few months later, he got a Porsche for Christmas."

7."Had a guy work for me in the military. He thought he didn’t have to do anything because his parents would just 'call their friends.' He ended up getting kicked out for LSD and cocaine use."

8."I have a lot of extended family out in California who I’ve never met, but I sometimes hear stories from my parents, who keep in touch with a few relatives out there. One of my distant cousins, who was, like, 17 at the time, intentionally totaled the new BMW his parents bought him because he wanted a Mercedes instead. Can't remember if they ended up buying him that Mercedes or not, but they probably did. Sadly."

Economics, News Dinar Recaps 20 7/5/24 Economics, News Dinar Recaps 20 7/5/24

TNT:

Tishwash: Iranian Ambassador after Meeting Barzani: Our Relationship with the Region is Deep-rooted and Growing

Iranian Ambassador to Iraq Mohammad Kazem Al-Sadig met with Kurdistan Democratic Party (KDP) leader Massoud Barzani in Baghdad on Thursday. Sadig tweeted that Iran’s relations with the Kurdistan Region are old, deep-rooted and growing.

“Today I met with Masoud Barzani in Baghdad and discussed issues of mutual concern and ways to improve bilateral relations,” Sadiq tweeted. “Security and trade are pillars of regional development and the main priority in the relations between the two sides,” he added.

The meeting was part of the agenda of Massoud Barzani's visit to Baghdad, which began yesterday, Wednesday, and is scheduled to end on Thursday night. It included a series of meetings, discussions and talks with political and diplomatic parties in Baghdad. link

TNT:

Tishwash: Iranian Ambassador after Meeting Barzani: Our Relationship with the Region is Deep-rooted and Growing

CandyKisses: Central Bank Explains New Mechanism for Delivering Dollars to Travelers

The Central Bank of Iraq revealed, on Thursday, the new mechanism for passengers to receive foreign currency (dollars), which will be exclusively through corporate outlets and banks at international airports.

"The goal of the new mechanism, which will enter into force on July 14, is to reach the real traveler and pass proper transactions, as well as facilitate the arrival of travelers to the dollar faster," the bank said in a statement.

The Central Bank reviewed "the new mechanism for travelers to receive their share of foreign currency (dollars) by the traveling citizen going to the authorized exchange companies, spread in all cities to deliver the amount in dinar equivalent to the citizen's share of the dollar according to the official exchange rate of the Central Bank of Iraq."

He pointed out that "the company will work to enter the data of the traveling citizen and remove his name in the electronic platform of the Central Bank of Iraq and deliver him a receipt that supports the process of depositing the dinar, to receive the cash dollar exclusively inside the airport," noting that "when completing the departure procedures, the amount will be delivered in dollars through the ports available at the airport, 24 hours a day, 7 days a week."

The statement noted that "the Central Bank decided to allow exchange companies to receive more than one quota during the week in order to achieve full response to traveler requests."

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Tishwash: Al-Sudani: Our country has natural and human resources and assets, some of which have not been invested to this day.

Prime Minister Mohammed Shia al-Sudani confirmed, today, Thursday, that Iraq has the highest growth rate in the region, while pointing out the necessity for the government sector to perform its duties.

The Prime Minister's Media Office said in a statement received by the Iraqi News Agency (INA), "Prime Minister Mohammed Shia Al-Sudani sponsored, today, Thursday, the annual celebration of the National Job Day, which was held at the government palace in the capital, Baghdad, where 50 distinguished employees in various fields were honored, who were chosen by specialized committees; For their excellence in job performance."

Al-Sudani praised “the distinguished employees who worked hard and deserved distinction,” stressing that “this selection of male and female employees proves the strength of the Iraqi and the principles, confidence, and positive energy he carries.”

He added, "The martyr who sacrificed himself for Iraq and the Iraqis remains the first distinguished person," praising "the initiative to honor distinguished employees."

He appreciated “the efforts of the concerned committee and everyone who contributed to this initiative, which confirms the ability of employees in the public sector and negates the negative image of them, as it highlights the loyal, efficient, productive and honest employee,” noting “the presence of other numbers of distinguished employees who perform their duties with dedication and high efficiency.”

The Prime Minister referred to “the stories of distinguished employees that are worthy of consideration and enhance confidence in government employees, especially since some of them were able to transform the difficult circ*mstances and challenges they are experiencing into success, distinction and dedication in the public service they provide to citizens,” indicating that “one of the people of determination achieved excellence over his colleagues in programming, as well as the insightful student in Shatra who excelled and overcame her health conditions, which is a case of creativity that we have the right to be proud of.”

He touched on “the pivotal and essential role of the public sector in building the country, and its implementation of the government’s program and priorities, in addition to its importance in improving the country’s reality in all areas, as Iraq is witnessing the highest growth rate in the region, and the government sector must perform its duties in this regard,” stressing that “the government has made significant progress in less than two years in working and addressing challenges in all areas, as our country possesses natural and human resources, capabilities, and resources, some of which have not been invested to this day.” link

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Tishwash: Al-Sudani: Iraq is witnessing the highest growth rate in the region

Prime Minister Mohammed Shia al-Sudani confirmed today, Thursday, that Iraq is witnessing the highest growth rate in the region.

The Prime Minister's media office stated in a statement received by "Al-Eqtisad News" that Al-Sudani "sponsored today, Thursday, the annual celebration of the National Job Day, which was held at the government palace in the capital, Baghdad, where 50 distinguished employees in various fields were honored, who were chosen by specialized committees; for their excellence in job performance."

Al-Sudani praised the "distinguished employees who worked hard and deserved distinction. This selection of male and female employees proves the strength of the Iraqi and the principles, confidence and positive energy he carries," stressing that "the martyr who sacrificed himself for Iraq and the Iraqis remains the first distinguished one."

He added, "We commend the initiative to honor distinguished employees, and appreciate the efforts of the relevant committee and everyone who contributed to this initiative, which confirms the ability of employees in the public sector, and negates the negative image of them, as it highlights the loyal, competent, productive and honest employee," noting that "there are other numbers of distinguished employees who perform their duties with dedication and high efficiency."

He pointed out that "the stories of distinguished employees are worthy of consideration and enhance confidence in government employees, especially since some of them were able to transform the difficult circ*mstances and challenges they are experiencing into success, distinction and dedication in the public service they provide to citizens," indicating that "one of the people of determination achieved excellence over his colleagues in programming, as well as the insightful student in Shatra who excelled and overcame her health conditions, which is a case of creativity that we have the right to be proud of."

During the ceremony, Al-Sudani addressed the "pivotal and essential role of the public sector in building the country, and its undertaking of implementing the government's program and priorities, in addition to its importance in improving the country's situation in all fields, as Iraq is witnessing the highest growth rate in the region, and the government sector must perform its duties in this regard."

He stressed that "the government has, in less than two years, made significant progress in working and addressing challenges in all areas, as our country possesses natural and human resources, some of which have not been invested to this day." link

Mot: Don’t ask- just pour