Dinar Recaps Blog Page — Dinar Recaps (2024)

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

MarkZ Update- Some highlights by PDK-Not verbatim

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

Member: HELLO AND GOOD MORNING MARK AND THE CREW

Member: June 21,1788 US Constitution Ratified.

Member: wish we had a dollar for every time we heard “real close” “almost there” “hang on” “maybe this next week” keep your “vibration high” we wouldn’t need the RV

Member: I woke up to messages from many people losing hope today Mark, help me out and give the people a bit of hope today.

Member: The PTB want us to give up hope. They want us to quit…don’t let them win.

Member: Well, Another weekend here ….maybe this is the one we have been waiting for.

MZ:” In Iraq news: “KBR wins $46 million dollar contract to support sustainable development in Iraq “ This is actually more exciting then you think. This is an American engineering firm that was just awarded this 5 year options to support infrastructure and energy ambitions. This is a long term contract and they are moving forward with these mega projects.

MZ: What do they need to do these mega projects that they want to start immediately? They need a heck of a lot more money than the current rate will support. To me this is a big one.

MZ: It has moved beyond the planning phase and is in the execution stage. For it to be executed it needs dollars…and we certainly think we know where those dollars are coming from.

MZ: Another one that I think is exciting: “First Direct Flights between Erbil and London” This is real international cooperation. Erbil is wealthy in oil.. We have been told to keep eyes on the Erbil region.

MZ: Lots of chatter coming from bonds again after about a week’s lull.. Suddenly there is a flurry on this front. When I get my first confirmed bond payment – I hope to be able to share it. Things seem to be looking for this weekend or possible the first on next week for that bond activity. .

Member: It’s always been said that bonds have to go first! Soon all this nonsense will stop!

Member: Talk of the HCL being voted on after the EID holiday. That should be the last piece of the puzzle for Iraq. The wait is no longer years, months, or weeks. Should be down to days now.

Member: Venezuela is in the process of joining BRICS. Will this slow down the RV?

MZ: I do not believe it will slow the process. If anything it could speed things up…imo

Member: My local Chase bank just added to their front glass door “Wealth Management”….., Imagine that!

Member: My BANK said they're "upgrading this weekend-- and how much we'll like the change"!!!

Member: Well….if banks think something big could happen June 23rd…..we should all watch for it.

Member: Remember Marks military said things may happen for us by July 4th…..praying that still is true.

Member: today is a good day to have a great day

Member: You never know when a moment and a few sincere words can have an impact on a life.

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

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

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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!

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.

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Iraq News Highlights and Points To Ponder Friday Am 6-21-24

Parliamentary Committee: Amending The Investment Law In The Next Legislative Term

Time: 06/21/2024 Read: 78 times {Economic: Al-Furat News} A member of the Parliamentary Investment Committee announced the committee’s intention to amend the Investment Law.

Muhammad Al-Zayadi told {Al-Furat News} agency, "There is no investment in the country due to the lack of clarity in the investment law, which constitutes a major problem, but after the end of the legislative recess, the committee will work on amending the investment law."

He added, "The political situation has nothing to do with the law because it is related to the service aspect, and the goal of amending the law is to be at the level of moral investment in the country."

It is noteworthy that the Parliamentary Investment Committee justified its effort to amend some investment laws in order to attract foreign investments and capital because some paragraphs of the laws related to investment conflict with sustainable development in Iraq, including the Investment Law, the Companies Law, and others. Ragheed LINK

With anticipation for the opening of stock exchanges, dollar prices maintain their rise

Posted On06-21-2024 By Sotaliraq The dollar exchange rates are still maintaining their rise before the advent of Eid al-Adha and its close, amid great anticipation for the opening of the stock exchanges next Sunday, to know the level of the new prices.

In Erbil, the buying price of the dollar by exchange office owners was 146,650 dinars per 100 dollars, while the selling price was 146,750 dinars per 100 dollars.

In Baghdad, the dollar exchange rates exceeded 147 thousand dinars for every 100 dollars.

These prices were higher than the prices of previous weeks, as the exchange rate was less than 145 thousand dinars per 100 dollars. LINK

Between Oil And Debt: Iraq Faces The Challenges Of The Budget Deficit

June 21, 2024 Baghdad/Al-Masala Al-Hadath: The budget deficit for 2024 in Iraq constitutes a major challenge and reflects the gap between government revenues and expenditures, which imposes pressure on the national economy and leads to an increase in public debt.

Iraq relies on oil revenues as a main source of financing the budget. As oil prices fluctuate, it becomes difficult to predict revenues accurately.

Iraq resorts to borrowing to finance the deficit, which increases the size of public debt and negatively affects the cash reserves of central banks.

Economist Nabil Al-Marsoumi revealed the risks of the budget deficit for the year 2024, amounting to more than 64 trillion dinars.

Al-Marsoumi said in a blog post followed by Al-Masala, “The budget deficit amounted to 64.025 trillion dinars, as the revolving balance in the Ministry of Finance’s account reached 1.571 trillion dinars.”

He continued, “The increase in the selling prices of exported crude oil amounts to 16.607 trillion dinars,” noting that “remittances deducted from the legal reserve of government banks are equal to 5 trillion dinars.”

He added that “loans from government banks amounted to 3 trillion dinars,” noting that “the discount on treasury transfers at the Central Bank of Iraq amounted to 20.041 trillion dinars.”

He pointed out, “National bonds are worth 5 trillion dinars, and total internal borrowing reached 33,041 trillion dinars, and external loans amounted to 12,806 trillion.”

He stated, “Many observations were made regarding the budget deficit, including a decrease in the Ministry of Finance’s revolving balance from 23 trillion dinars in the 2023 budget to 1.571 trillion dinars in the 2024 budget.”

Al-Marsoumi added, “It has been observed that there is a heavy reliance on internal and external borrowing to finance the budget deficit, which exacerbates the size of internal debt, especially which currently stands at 79 trillion dinars, in addition to its negative impact on the cash reserves of the Central Bank of Iraq and other Iraqi banks.”

He concluded that “there are three sources in financing the budget deficit, which are deficit financing, internal and external borrowing, and the revolving balance of government accounts,” noting that “using the expected increase in oil revenues amounting to 16.607 trillion dinars to finance the budget deficit is something new because this increase is supposed to be added.”

The expected oil revenues. In this case, the budget will have been built on the assumption of exporting 3.5 million barrels per day at a price of $83 per barrel instead of $70, which is a non-conservative price and full of risks for two reasons.

The first is that Iraq’s oil exports are less than 3.5 million barrels per day due to OPEC+ restrictions. The second is that The high price of oil adopted by the budget is unrealistic and very optimistic, which may expose the budget to other imbalances as a result of these two assumptions not being met.” https://almasalah.com/archives/92260

Economic Clarification: Why Do Iraq’s Reserves Not Rise Despite The Rise In Oil Prices?

Money and business Economy News – Baghdad Today, Friday, economic expert Mahmoud Dagher explained the reasons for the failure of Iraq's financial reserves to increase despite the rise in oil prices, while stressing that the country has no hope except by diversifying its output and pressuring spending, especially operational.

Dagher said in an interview with Al-Iqtisad News, “Reserves are not measured by size, but by adequacy, and there are two indicators of adequacy: the adequacy of reserves to cover imports without any exports, and I believe that it reaches Iraq with the existing reserve remaining for approximately 12 months, which is an excellent coverage of foreign reserves for exported currency.”

He added: "If we want to answer the question of why the reserves, which exceed 100 billion, do not increase despite the rise in oil prices, this is due to two reasons. The first is direct and is the result of the Central Bank’s sales rising to 300 million dollars per day to cover imports."

He pointed out, "The second reason is indirect and results from the increase in public spending, especially the salary bill, which, along with retirement, subsidies, and nationals, has reached close to 100 trillion."

The economic expert stated, "The adequacy of reserves is good; since Iraq is an oil economy, it is difficult to rely on adequacy alone due to the possibility of a decline in the price of a barrel." 06/21/2024 - https://economy-news.net/content.php?id=44468

World Bank: Spontaneous Gas Combustion Associated With Oil Production Is Rising

Arab and international Economy News - follow up A World Bank report revealed on Thursday that oil companies around the world burned the largest amount of natural gas associated with oil production last year in five years.

With only six years remaining to achieve the World Bank's goal of stopping spontaneous flaring of gas associated with oil production, companies burned an estimated 148 billion cubic meters of gas in 2023, an increase of seven percent from 2022, despite crude oil production rising only one percent during the same period. Period.

Natural gas is usually produced from oil exploration, and some companies choose to burn this gas instead of capturing and storing it because providing the necessary infrastructure to deal with it is not commercially viable.

The World Bank’s Global Monitoring Report on Spontaneous Gas Flaring stated that the growth in gas flaring has erased the effect of the reductions achieved in 2021 and 2022, and added that “global efforts to reduce spontaneous flaring of gas associated with oil production are not sustainable and there is a need to take urgent action.” ".

Eliminating this practice would reduce at least 381 million tons of carbon dioxide equivalent from harmful emissions released into the atmosphere.

Nine major oil-producing countries account for 75 percent of gas flaring and 46 percent of oil production.

These countries are Russia, Iran, Iraq, the United States, Venezuela, Algeria, Libya, Nigeria and Mexico, according to the order of the quantities of gas burned.

The report stated that Algeria and Venezuela reduced spontaneous combustion, but these gains were eroded by Iran, Russia, the United States, Libya and other countries.

The World Bank, in cooperation with the Colorado School of Mines in the United States, relied on data from satellites to calculate spontaneous combustion data. Views 102 06/20/2024 - https://economy-news.net/content.php?id=44445

Provoking Thoughts and Points To Ponder On Adversity:

Men habitually use only a small part of the powers which they possess and which they might use under appropriate circ*mstances.-William James

It is the north wind that lashes men into Vikings; it is the soft, luscious south wind which lulls them to lotus dreams.-Ouida

It is grief that develops the powers of the mind.-Marcel Proust

Unless a man has been kicked around a little, you can't really depend upon him to amount to anything.-William Feather

Troubles cured you salty as a country ham, smoky to the taste, thick-skinned and tender inside.-Marge Piercy

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

http://famousquotesandauthors.com/quotes_by_topic.html

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.

Global Financial Crisis:

Thurs. 20 June 2024: The international monetary system collapsed in 1914, 1939 and 1971. 2008tested the system but central banks delayed the inevitable with QE. Now they are eating losses. A collapse often signifies the rebirth of a new system. So many signals represent we are getting closer:

– More trade in local currencies
– Gold being stockpiled
– CBDCs
– Hot conflicts around the world
– BRICs getting bigger
– The Western financial system being weaponized

It would be easy to continue to go on. This is what happens when the foundation shakes.https://t.me/USDebtClockAmerica

Thurs. 20 June 2024:EXPOSED: NESARA GESARA Initiatives Reveal the Fall of Corrupted Banks, Stock Market Collapse, and Deep State Corporations in the Vatican – American Media Group (amg-news.com)

~~~~~~~~~~~

Global Currency Reset:

Thurs. 20 June 2024 Bruce:

The currencies going up in value finally solidified in the last couple of days– but we don’t know what they are. They were trading upwards and they are now trading exponentially but they are moving UP UP UP to where those rates are supposed to be for us and I do believe that is what they are doing.

Today the Redemption Center Staff went in for a couple of hoursbut the numbers never came today.TomorrowFri. 21 June(Summer Solstice) they are going in for overlapping hours – and that would allow for our numbers if indeed they do come out tomorrow.

Yesterday a banker said– “Just hang in there a couple of more days” and so that would have been a couple of days and that wouldbe Friday– so I think we could get thistomorrow and through the weekend.

~~~~~~~~~~

Thurs. 20 June 2024 Wolverine:“Ok the new rates should be posted today(Thurs. 20th June) in Iraq and expecting funds to be released eithertoday Thurs. or Fri. 21 Junein the USA. Let’s hope it happens as we cannot keep going like this as too many people are hurting. …Conference Call: “It’s looking good.”

Wed. 19 June 2024 Intel Guru Frank26:[The new ATMs] are everywhere in Iraq now.It’s not hundreds, it’s not thousands, it’s tens of thousands of them. They are everywhere that an Iraqi citizen can walk to.They are at their hookahs… mosques, barsshops… street.. banks… corners, they’re everywhere… There’s going to be a massive rush going into the banks.

Read full post here: https://dinarchronicles.com/2024/06/21/restored-republic-via-a-gcr-update-as-of-june-21-2024/

**********

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

Mailman17 Some gurus state that Iraq has to have more than oil to export to be on par with Kuwait. Every export Kuwait has is from oil..oil, gas, alcohol etc..all made from oil. Iraq has all that and then some. Oil, gas, sulphur, dates, gold and a few more. Do not compare Kuwaiti exports with Iraq..Iraq wins hands down and has more of it..food for thought.

Mnt Goat Do they have to RV to make the budget work? If you take what the prime minister told us about the dropping of the zeros...in an April 2023 article, we can see that taking the 1320 rate and dropping the 3 zeros makes it $1.32. If we take the 6.5 billions dinars allocated for the new pipeline construction it is actually about $4.9 billion dollars. If we divide 6.5 / 4.9 we get 1.32...is this a coincidence? Can you see now why I am so excited...WOW! WOW1 WOW! ...Many believe it is not coincidental and so I agree...Do they need the change in rate to build the pipeline? What about the other projects too like the 7 new refineries? ...if it does they will have to get their act in gear real soon, as they also told us they plan to begin this new pipeline now NOT in 2025.

BREAKING NEWS: Changes in the Developing Road Project

Edu Matrix: 6-21-2024

BREAKING NEWS: Changes in the Developing Road Project …Exchange Rate 6/19 $1.00 = 1310.52

https://www.youtube.com/watch?v=GsT3X9_2coI

BANK AUDITOR WARNS: $525 BILLION in Bank Losses Threaten Banks Already On Edge of a Massive Crisis

Lena Petrova: 6-20-2024

https://www.youtube.com/watch?v=uScGwA-rvwc

Iraq Dinar - IQD - Capital Economy - Olympics - 3 Presidencies - Activate Silk & Development Roads

MilitiaMan and Crew: 6-21-2024

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=QQOqpTQYshs

Evening News with MarkZ and Dr. Scott Young. 06/20/2024

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 Thursday evening to all.

Member: Good evening, hopefully Mark has something good for us tonight!

Member: Are We “R. V ing “ this weekend Markz ??

MZ: There is a lot of crazy anticipation again…..stay calm…but it’s been a weird quiet news day….almost like the whole world is waiting.

MZ: I am hearing the markets are going to be very interesting the next few days.

MZ: As far as RV related stuff….this came from more than one direction today. And it was suggested that I be very cautious with details –especially on Historic bonds….and any closes on groups. For safety and security and not to put people on any unnecessary roller coaster. But I am sure the dinar boards will be sharing some of it.

MZ: I am going to be very judicious with what I share for the next short bit . For individuals security, my security, the processes security….

MZ: If there is something I feel has meaningful impact on us as to what we can expect ect…or if there is any kind of slow down – I will let you know that.

MZ: There are a lot of specifics I would love to share with you all so you would have the same warm and fuzzy feeling that I do.

MZ: If things are good and moving great I am just going to stay upbeat and focused on the fundamentals. That They are squeezing hard to protect things at this point shows me I need to take things seriously.

Member: We are cool with your being quiet so as not to delay the RV any more. Thanks Mark and lets go RV!!!

Member: (From Dinar Guru) Mnt Goat Do they have to RV to make the budget work? If you take what the prime minister told us about the dropping of the zeros...in an April 2023 article, we can see that taking the 1320 rate and dropping the 3 zeros makes it $1.32. If we take the 6.5 billions dinars allocated for the new pipeline construction it is actually about $4.9 billion dollars. If we divide 6.5 / 4.9 we get 1.32...is this a coincidence? Can you see now why I am so excited...WOW! WOW1 WOW! ...Many believe it is not coincidental and so I agree...Do they need the change in rate to build the pipeline? What about the other projects too like the 7 new refineries? ...if it does they will have to get their act in gear real soon, as they also told us they plan to begin this new pipeline now NOT in 2025.

MZ: That is what MilitiaMan and I were talking about today . …but I still expect higher than $1.32….but I could be wrong. But I think this is the worst case scenario and I think it’s fantastic. And very exciting.

Member: You can clearly see ethe two sets of books in action in Iraq.

MZ: EXACTLY….and now they will transition to one set of books.

Member: The true rate isn’t going to show for the public until after we RV..imo. That’s why there is so many cloaks and daggers.

Member: Wolverine is very Giddy & emotional with the news he's getting

Member: Iraqi Dinar Set for Potential Surge Amid Bold Economic Reforms and Global Investor Interest!

Member: Everyone stay positive. Thaoughts become things.

Dr. Scott Young joins the stream tonight. Be sure to listen to the replay for his information and opinions.

FAKE ACCOUNTS ARE USING MARK, KOUKLA, AND OTHER MODS' NAMES ON TELEGRAM & YOUTUBE TO SCAM PEOPLE. YOU ARE HERE BECAUSE YOU HAVE COMMON SENSE, SO DON’T TAKE THE BAIT FROM IMPERSONATORS!!

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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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

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=t-7benRFzSY

110 million people from Asia Joining BRICS: What next?

Fastepo: 6-20-2024

Malaysia and Thailand have both shown interest in joining BRICS, a coalition currently comprising Brazil, Russia, India, China, and South Africa.

The group is expanding, with five new countries—Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE—joining the bloc since January 2024.

This expansion aims to enhance the bloc's economic and geopolitical influence, offering new opportunities for member nations to engage in trade and cooperation outside of Western-dominated frameworks.

As of June 2024, both Malaysia and Thailand exhibit significant economic advantages that enhance their positions in the global economy.

The Malaysian economy is projected to grow by 4-5% in 2024, driven by resilient domestic expenditure and a diversified economic base

. Malaysia has successfully transitioned from a commodity-based economy to one with robust manufacturing and service sectors.

The Thai government has implemented measures to boost liquidity and economic growth, including a proposed $102 billion budget to revive the economy.

These measures aim to stimulate domestic demand and support economic recovery.

Malaysia is on track to achieve high-income status between 2024 and 2028, reflecting sustained economic transformation and development. This progress is supported by a low unemployment rate and significant strides in poverty reduction.

Additionally, Malaysia’s strategic geographic location and strong geopolitical relationships enhance its trade capabilities, particularly in electronics, automotive, and palm oil production. Thailand’s robust trade relationships with major economies like China and India position it as a key player in regional and global markets.

Exports to these countries include a wide range of products such as automotive parts and chemicals, showcasing Thailand's diversified export base.

In this video, we will examine how the inclusion of Malaysia and Thailand will create mutual benefits for both these countries and the existing BRICS nations.

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

I’m a Bank Teller: 7 Reasons You Shouldn’t Keep More Than $3,000 in a Checking Account

Laura Beck Thu, June 20, 2024

Many people simply leave a large chunk of money in their checking accounts and let it sit there. But is that the best move? Probably not. GOBankingRates spoke to Rachael P., a seasoned bank teller who had seen it all when it came to customers’ banking habits. She knew firsthand the pitfalls of keeping too much money in a checking account and was always ready to offer tough financial advice when needed.

Here are the seven reasons why a bank teller advised against keeping more than $3,000 in a checking account.

No Interest Earned on Larger Balances

The number one reason Rachael disliked seeing huge balances in checking accounts was the complete lack of interest earned. “Why would you keep $10,000 just sitting there doing nothing?” she asked. Checking accounts are meant for money that will be spent in the short term, not for larger sums that could be earning interest elsewhere.

Easier Access Makes Frivolous Spending More Likely

Rachael had noticed a clear correlation between the size of a customer’s checking account balance and the amount of frivolous spending they do. “It’s like having a milkshake in front of you 24/7 — you’re going to keep taking sips whether you need them or not,” she said. Separating out larger sums makes it psychologically harder to dip into funds earmarked for other purposes.

You Lose Out on Opening Bonuses

Many banks offer lucrative bonuses of $200 or more just for opening new checking or savings accounts and maintaining a minimum balance. But if you already have a large checking account balance, you miss out on the ability to cash in on these deals. “Why leave money on the table?” Rachael asked. “That bonus could go right into investments.”

Your Money Isn’t as Safe as You Think

For all the security surrounding banks, a checking account balance only has $250,000 of FDIC insurance if the bank fails. Any amount over that is not protected. By keeping an excessively large sum in a checking account, customers were needlessly putting their money at risk. “Write that number down and decide if it’s worth it,” Rachael said.

No Opportunity for Compounding

“The miracle of compounding only works if your money is actually invested and earning returns,” Rachael shared. By leaving large amounts of money in checking accounts, many people were depriving themselves of decades of potential growth. Even a simple high-yield savings account could earn a customer hundreds — if not thousands — more per year than a standard checking account.

To Read More:

https://www.yahoo.com/finance/news/m-bank-teller-7-reasons-130007632.html

Iraq Economic News and Points To Ponder Thursday Afternoon 6-20-24

An Invitation Is Sent To The Sudanese... Parliamentary Energy Explains The Reasons For The Collapse In Electricity Supply

Energy Economy News – Baghdad Member of the Parliamentary Energy and Electricity Committee, Kamel Al-Ugaili, on Thursday, called on Prime Minister Muhammad Shiaa Al-Sudani to manage the Ministry of Electricity from a lower position, while holding production, distribution and maintenance companies responsible for the collapse in electricity supply in Baghdad and a number of provinces.

Al-Ugaili said in an interview followed by Al-Iqtisad News, “Poor planning and management and the selection of incompetent figures to manage production, distribution and maintenance companies are behind the decline in electricity processing hours.”

He added, "The electricity problem has become noticeably recurring, so we call on Prime Minister Muhammad Shiaa Al-Sudani to manage the Ministry of Electricity personally and from a lower position, while making changes for officials who are negligent in performing their work."

He pointed out that “poor planning and bad management are one of the reasons for the collapse of the electricity system in Baghdad and a number of governorates,” pointing out that the capital, Baghdad, has been witnessing for days a sharp decline in energy supply. https://economy-news.net/content.php?id=44425

Oil Prices Varied During Early Trading

Thursday 20, June 2024 11:12 | Economical Number of readings: 331 Baghdad / NINA / Oil prices rose in Brent crude futures in early trading, today, Thursday, while US crude futures fell due to the possibility of rising oil inventories in the United States.

Brent crude futures for August delivery recorded an increase of eight cents, reaching $85.15 a barrel, while US West Texas Intermediate crude for June delivery fell by 27 cents, reaching $81.30 a barrel.

Figures from the Petroleum Institute were The American newspaper showed that US crude inventories rose by 2.264 million barrels in the week ending June 14, while gasoline inventories decreased./

https://ninanews.com/Website/News/Details?key=1133253

Al-Sudani Congratulates Iraq For Ranking First In The Arab World And Seventh In The World In The Times Sustainable Development Rankings

Thursday 20, June 2024 19:23 | Political Number of readings: 244

Baghdad / NINA / Prime Minister Muhammad Shiaa Al-Sudani blessed Iraq’s ranking first in the Arab world and seventh in the world in the Times Sustainable Development Rankings.

Al-Sudani said in a blog post on the X website: We congratulate Iraq for ranking first in the Arab world and seventh in the world in the Times Sustainable Development Classification, in terms of the number of universities participating in the 2024 edition, which witnessed the competition of 2,152 universities from 125 countries.

He added: What has been achieved confirms the success of the government’s vision and its supportive approach to achieving comprehensive quality in higher education, openness to advanced educational systems in the world’s universities, and developing the level of performance in line with the goals of sustainable development. https://ninanews.com/Website/News/Details?Key=1133325

Economic Determination Of “Bubble” Real Estate Prices In Baghdad.. What About Selling A Square Meter For “26 Thousand Dollars”?

Money and business Economy News – Baghdad Today, Thursday, economic expert Mustafa Hantoush identified the “bubble” real estate prices in the capital, Baghdad, and while he confirmed that some real estate properties are “clear money laundering” operations, he touched on the sale of some real estate for 26 thousand dollars.

Hantoush said in an interview with Al-Iqtisad News, “Some real estate in some areas of the capital, Baghdad, are clear money laundering operations, that is, an attempt to buy real estate for any amount, after it was stolen from the state,” stressing that “The Central Bank of Iraq confirmed that 500 million dinars “It will be a real estate buying and selling event.”

He added, "The bubble prices of real estate in upscale areas, and in light of money laundering, I believe that their prices reach between 12 and 16 thousand dollars. As for the price of 26 thousand dollars, perhaps it refers to commercial real estate or those that are located in commercial streets," ruling out "the existence of real estate in The capital, Baghdad, reaches this large amount.”

Earlier, the Parliamentary Integrity Committee confirmed that the price per meter in Mansour and Karrada rose to 26 thousand dollars. 06/20/2024 - https://economy-news.net/content.php?id=44434

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

Provoking Thoughts and Points To Ponder On Adversity:

The fiery trials through which we pass will light us down in honor or dishonor to the last generation. -Abraham Lincoln

Our trials are tests; our sorrows pave the way for a fuller life when we have earned it. -Jerome P. Fleishman

Times of general calamity and confusion have ever been productive of the greatest minds. The purist ore is produced from the hottest furnace, and the brightest thunderbolt is elicited from the darkest storms. -Charles Caleb Colton

The habits of a vigorous mind are formed in contending with difficulties. -Abigail Adams

A diamond is a chunk of coal that made good under pressure. -Anonymous

A clay pot sitting in the sun will always be a clay pot. It has to go through the white heat of the furnace to become porcelain. -Mildred W. Struven

It is the surmounting of difficulties that makes heroes. -Kossuth

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

http://famousquotesandauthors.com/quotes_by_topic.htm

KTFA:

Clare: National Bank of Iraq

@NBIraq: بخطوات بسيطة هسه تكدر تودع فلوسك من خلال اجهزة الصراف الآلي بكل سهولة

TRANSLATION: With simple steps, you can now deposit your money through ATMs with ease

CLICK THE LINK TO WATCH THE VIDEO ABOUT THE ATM's https://x.com/NBIraq/status/18.....1991153862

Ryan1216: We have to be EXTREMELY CLOSE to a rate change now that money can be deposited into ATM’s. IMO. What do you think Clare?

Clare: IMO, WE ARE EXTREMELY CLOSE. THE LAST FEW UB2B'S SHOW THAT. DID YOU CATCH WHAT EDDIE'S FRIEND SAID LAST NIGHT? "AT ANY MOMENT" IT COULD BE POSSIBLE.

Clare: KBR wins $46m Contract to Support Sustainable Development in Iraq

19th June 2024 By John Lee.

American engineering firmKBRhas announced that it has been awarded a five-year contract, with options, to support the Iraqi government's visionary infrastructure and future energy ambitions, including the delivery of megaprojects and sustainable development.

Under the terms of the $46 million contract, KBR will provide its differentiated advisory and consultancy capabilities to the Iraqi Government's Ministry of Planning, with a focus on creating an effective program environment to support successful delivery of strategic megaprojects.

Focus areas of KBR expertise supporting the ministry, who interface with all ministries and formations in the Iraqi government, will include economic planning, strategy development, feasibility studies, technical reviews and large-scale project management.

This contract, which encompasses a comprehensive range of planning and development services, will further elevatethe significant role KBR is playing in the development of Iraq's energy sector -working closely with various ministries to identify, design and implement critical projects aimed at enhancing the country's economic and social landscape.

KBR's focus on innovation and sustainability will be integral to delivering the ambitious development plans, aligning with Iraq's long-term vision for growth and environmental stewardship.

Jay Ibrahim, President of KBR Sustainable Technology Solutions, said:

"This is a great example of KBR utilizing its growing global capabilities to support regeneration and sustainable growth of a nation. We are proud to further our partnerships in country, where we are already helping make our customers' ambitious plans a reality. With our deep expertise in engineering and energy solutions, KBR is well positioned to help our valued customers meet their energy security and sustainability objectives."

KBR will support delivery from its global locations, in addition to expanding its well-established footprint in country through the creation of an operational office in Baghdad and the wider prospect of building an engineering design center to enhance the skills of Iraqi engineers. LINK

BuckEyeTree: More good news for Iraq with KBR, an American company, establishing an operational office in Baghdad.

Also, the ATM tutorial about ability to make deposits into the ATMs is not only a convenience for Iraqis, but IMO another way for the CBI to collect 3 zero notes that may be in the dinar mattresses.

IMO in the coming days, Iraqis will be able to withdraw the lower notes as soon as they are released with new rate. Just waiting whatever comes next.

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

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

Militia Man Article: "The Iraqi government is currently weighing the question of changing the currency so the official cost of the US dollar will be 1.32 Iraqi dinars instead of 1320. Implementing such a decision is likely significantly increase Al-Sudani's popularity." That was March 11, 2024.

Frank26 [Iraq boots-on-the-ground report] FIREFLY: My bank guy said...Sudani...sent Alaq out in February...to announce to everybody that we were going to have a change in our exchange rate. Then Sudani comes out and talks to us about it as well...in March...considering a change in our currency to 1.32 from 1320. Now that the budget is about to be revealed he strongly suggests to me that we will be seeing the new exchange rate at 1.32 instead of 1320. FRANK: They keep the exchange rate at 1320 to give you more purchasing power...They are about to give this power to you.

Tax Scenario for Exotic Currency & Crypto Profits

Edu Matrix: 6-20-2024

Tax Scenario for Exotic Currency & Crypto Profits: Many of you say you want an RV; however, if it were to happen tomorrow, many of you would not be ready.

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

Housing Market CRASH Early Warning Signs

Taylor Kenny: 6-20-2024

As the housing market teeters on the edge of instability, signs of trouble loom large despite record prices and dwindling inventory.

With echoes of the 2008 crash, risky financial practices like 0% down payment loans resurface, threatening to ensnare vulnerable buyers in a web of debt and foreclosure.

Against a backdrop of economic slowdown, rising inflation, and banking sector vulnerabilities, the looming specter of a market crash underscores the urgent need for safeguarding wealth with tangible assets like gold and silver.

https://www.youtube.com/watch?v=r64afXyQ6lA

BRICS Announces Massive Trade Agreement to Ditch the US Dollar

GeoPolitical Analyst: 6-19-2024

The BRICS economic alliance has announced an extensive trade agreement that will effectively ditch the US dollar.

The collective settled on an agreement with a plethora of outside nations to settle trade dealings in their national currencies, circumventing the use of the greenback. The agreement includes all BRICS nations as well as Thailand, Laos, Sri Lanka, Kazakhstan, Venezuela, and Bolivia.

Moreover, it becomes one of the bloc’s most extensive de-dollarization policies in its history. Its presence should only be magnified by the impending arrival of the bloc’s independent payment system.

Over the last two years, the BRICS economic alliance has grown tremendously. The grouping has sought to increase its relevance on a global scale and introduce an increasingly multipolar world. A massive part of those efforts are connected to the introduction of landmark economic policies.

Now, the alliance has announced a monumental development that could have immense ramifications for global finance.

Specifically, BRICS announced a massive trade agreement at this week’s Foreign Ministers Meeting that would ditch the US dollar for all alliance trade settlements.

The nations included will opt to settle all trade with national currencies as opposed to Western alternatives.

https://www.youtube.com/watch?v=4xLVTTslaJU

Fixed Prices? Price Controls? Shortages? Rationing? ITS ALL COMING...

Greg Mannarino: 6-20-2024

https://www.youtube.com/watch?v=_2QvMJciA80

‘The End Of Fiat Currencies As We Know It’ | Gary Wagner

David Lin: 6-19-2024

Gary Wagner, Editor of TheGoldForecast.com, discusses his outlook for inflation, gold, monetary policy, and the impact of AI on our economy.

0:00 - Intro

0:55 – Inflation

9:44 - Consumer sentiment

12:00 - Fed monetary policy

15:32 - Stocks

20:25 - Gold and fiat

https://www.youtube.com/watch?v=85d-2YUYaxM

Goldilocks' Comments and Global Economic News Thursday Afternoon 6-20-24

Good Morning Dinar Recaps,

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READ PDF HERE

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https://x.com/DROPZXRP/status/1803739866741522574

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ISSA survey shows rising strategic importance of DLT adoption -Ledger Insights - blockchain for enterprise

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Bank of America finds younger investors prefer crypto, alternatives to stocks -Ledger Insights - blockchain for enterprise

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Ripple CEO Predicts End of XRP Lawsuit This Summer |Crypto News Flash

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Investors around the world are dealing with new trading mechanisms that are beginning to reroute money flows through a new digital asset-based trading system.

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Nomura’s Laser Digital to Offer Crypto Trading, Asset Management in Abu Dhabi |Finance Magnates

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