News — Dinar Recaps Blog Page — Dinar Recaps (2024)

Iraq Economic News and Points To Ponder Saturday Afternoon 6-22-24

Parliamentary Economy Explains...Does The Fluctuation Of Oil Prices Affect The Economy Of Iraq?

Money and business Economy News – Baghdad The Parliamentary Oil and Gas Committee confirmed today, Saturday, that the fluctuation in oil prices does not affect the Iraqi economy.

Committee member Ali Saadoun Al-Lami said, “The 2023 budget tables came to the House of Representatives when a barrel of oil was calculated at 74 dollars.”

Al-Lami added, “There are 10 moving dollars on the price of a barrel, so the rise or fall of oil prices does not affect the economy.” 06/22/2024 - https://economy-news.net/content.php?id=44491

Adviser To The Prime Minister To Nina: The Government Is Seeking New, More Effective Mechanisms To Reduce Corruption

Saturday 22, June 2024 17:12 | Political Number of readings: 120

Baghdad / NINA / An advisor to the Prime Minister confirmed that the government is seeking to find new oversight mechanisms to reduce and prevent corruption.

Muayyad Al-Saadi, Advisor to the Prime Minister for Oversight and Integrity Affairs, stated in a statement to the National Iraqi News Agency ( NINA ), that “

the directives of Prime Minister Muhammad Shia Al-Sudani to the regulatory bodies, led by the Federal Integrity Commission, crystallized into preparing a national strategy in consultation with the Federal Financial Supervision Office, where There is a process of organizing and evaluating quarterly and annually for the purpose of avoiding and addressing negatives.”

He added, "The Integrity Commission is now embarking on preparing the national strategy in a systematic, practical and objective manner to prevent and reduce corruption practices, after it has made important strides with the national anti-corruption strategy for the years 2021-2024, which has resulted in reducing the practices and phenomena of corruption in government institutions." .

The Prime Minister’s advisor stressed, “The Integrity Commission, with the participation of the supervisory bodies and the Federal Financial Supervision Bureau, seeks to find new and effective mechanisms that will reduce and prevent corruption, as well as reduce the phenomena and practices of corruption in all government joints and institutions.”/End 5

https://ninanews.com/Website/News/Details?key=1133548

Communications: Iraq Succeeds In Regaining Its Membership In The Universal Postal Union

Posted On06-22-2024 By Sotaliraq Minister of Communications Hiyam Al-Yasiri announced Iraq's success in regaining its membership in the Universal Postal Union.

A statement from the ministry said, “Minister of Communications, Hiyam Al-Yasiri, announced Iraq’s success in restoring its membership in the Universal Postal Union, after it had been canceled as a result of previous administrations’ failure to pay Iraq’s financial contributions to the union, which resulted in a huge debt that led to the cancellation of Iraq’s membership in the union.” In addition to the accumulation of financial interest as a result of late payment of these debts.”

He added, “The Minister’s continuous follow-up, guidance, and direct supervision resulted in the achievement of this material and moral achievement for Iraq, thanks to the support of Prime Minister Muhammad Shiaa Al-Sudani, and the tireless and persevering efforts made by the Director General of the Postal and Savings Company and the company’s staff,”

stressing that “dedicated communication was made with most of The administrations of countries around the world to convince them to vote in favor of returning membership to Iraq, and to drop the delay benefits resulting from its debts.”

Al-Yasiri stressed, according to the statement, “that she will continue implementing the strategy she adopted to restore the effectiveness of the Iraqi post, restore citizen confidence in government mail again, and bring it into every Iraqi home.” LINK

Basra Crude Recorded New Gains Over The Past Week

Economy | 09:32 - 06/22/2024 Follow / Mawazine News.. Basra crude recorded gains last week of more than 3%, with global oil recording strong weekly gains for Brent and West Texas Intermediate crude.

Basra Heavy crude closed in its last session yesterday, Friday, at an increase of 49 cents, reaching $82.71, and recorded weekly gains of $3.27, equivalent to 3.23%.

While Basra Average crude closed in its last session at an increase of 49 cents, reaching $85.56, and also recorded weekly gains amounting to $3.27, or the equivalent of 3.30%.

Global oil prices fell by 1% at the end of trading yesterday, Friday, but recorded strong weekly gains for Brent and West Texas Intermediate crude oil.

Brent crude recorded weekly gains of 3.1%, while West Texas Intermediate crude recorded weekly gains of 3.4%. https://www.mawazin.net/Details.aspx?jimare=250029

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

Provoking Thoughts and Points To Ponder On Adversity:

If you have to be careful because of oppression and censorship, this pressure produces diamonds. -Tatyana Tolstaya

Adversity is another way to measure the greatness of individuals. I never had a crisis that didn't make me stronger.-Lou Holtz

It is not in the still calm of life, or the repose of a pacific station, that great characters are formed. ... Great necessities call out great virtues.-Abigail Adams

Of all the advantages which come to any young man ... poverty is the greatest. -Josiah G. Holland

My luck was my father not striking oil... we'd have been rich. I'd never have set out for Hollywood with my camera, and I'd have had a lot less interesting life. -King Vidor

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

http://famousquotesandauthors.com/quotes_by_topic.html

Iraq Economic News and Points To Ponder Late Friday Evening 6-21-24

Saleh: The Tripartite Budget Gave The Government Flexibility To Implement Its Medium-Term Plans

Time: 06/21/2024 15:35:33 Read: 1,794 times {Economic: Al-Furat News} The financial advisor to the Prime Minister, Mazhar Muhammad Saleh, confirmed that the Federal General Budget Law No. 13 of 2023 (the tripartite budget) granted the executive authority high flexibility in implementing the state’s medium-term financial plan for the years 2023, 2024, and 2025.

Saleh told {Al-Furat News} agency, “In implementation of the provisions of Article 2/77 of the law above, which stipulates that the government shall submit financial schedules related to expenditures, public revenues, and the planned deficit for the fiscal years 2024 and 2025, in order to provide a flexible space that allows for the implementation of the general budget efficiently and on a budget.” In accordance with the constants stipulated in Law No. 13 mentioned above.”

He pointed out that "the matter relates to the schedules for the fiscal year 2025 and the possibilities of approving expenditures that may arise in the next fiscal year, or the exhaustion of other expenditures whose deadlines have expired in terms of timing, or the expiration of expenditure commitments and the replacement of new commitments for expenditures during the next fiscal year, and in appreciation of the circ*mstances surrounding the economy."

Overall, the Federal Ministry of Finance, as a supreme financial authority, in cooperation with the Ministry of Planning (which is the ministry concerned with development projects and overall investment spending), will undoubtedly undertake to provide the necessary adjustments in the financial tables that will be presented for the year 2025 so that they can be studied, starting with the Ministerial Council for the Economy and in accordance with the contexts stipulated by it.

Federal Financial Management Law No. 6 of 2019, as amended, then the financial tables in question receive the approval of the Council of Ministers, so that they can be approved in the House of Representatives.”

At the same time, Saleh noted that “there is high and continuous coordination between the parliamentary finance committee concerned with following up and monitoring financial developments in the country and in accordance with the constitution, and between the plans, programs and mechanisms adopted by the financial authority in implementation, which are mutual constitutional guarantees to achieve the country’s supreme interests in development and economic stability.” "To the fullest extent." LINK

A Financial Expert Answers The Question: Why Are Iraq's Financial Reserves Not Increasing?

June 21, 2024 Baghdad/Iraq Observer Today, Friday, financial expert Mahmoud Dagher explained the reasons for not increasing Iraq’s financial reserves despite the rise in oil prices, in a blog he published in the “Iraq Observer” group on “WhatsApp,” in which

he stressed that Iraq’s financial reserves are not measured by their absolute size, but rather by their adequacy according to... For two basic indicators.

The first is the adequacy of reserves to cover imports without any exports, as

it is estimated that Iraq has sufficient reserves to cover its imports for up to 12 months, which is an excellent level.

The second is the coverage of foreign reserves of exported cash, which shows that the ratio is more than one, which is also considered good.

He added that although Iraq's financial reserves exceeded the $100 billion barrier,

these reserves are not increasing significantly due to two main factors.

The first is the rise in the central bank's daily sales to about $300 million to cover imports.

The second is the increase in public spending, especially the salary bill, which includes retirement, subsidies, and social care, which is approaching 100 trillion dinars.

Dagher stressed that the adequacy of reserves is good, but

relying on the oil economy alone poses a risk due to the possibility of a decline in oil prices.

He pointed out that the only solution for Iraq lies in diversifying sources of income and reducing spending, especially operational spending.

Without these reforms, Iraq cannot achieve sustainable economic stability that depends on employment, subsidies, and permanent support.

It is worth noting that Dagher is a distinguished financial expert who previously held the position of Director General at the Central Bank of Iraq. https://observeriraq.net/خبير-مالي-يجيب-على-تساؤل-لماذا-لا-ترتفع/

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."

160 views Added 06/21/2024 - https://economy-news.net/content.php?id=44468

Including Iraq.. The World Bank: 9 Major Countries Account For 75% Of Gas Burning

Energy Economy News - follow up A World Bank report confirmed 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 by 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.

ne 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 181 06/21/2024 - https://economy-news.net/content.php?id=44460

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

Provoking Thoughts and Points To Ponder On Adversity:

If you have to be careful because of oppression and censorship, this pressure produces diamonds. -Tatyana Tolstaya

Adversity is another way to measure the greatness of individuals. I never had a crisis that didn't make me stronger.-Lou Holtz

It is not in the still calm of life, or the repose of a pacific station, that great characters are formed. ... Great necessities call out great virtues.-Abigail Adams

Of all the advantages which come to any young man ... poverty is the greatest. -Josiah G. Holland

My luck was my father not striking oil... we'd have been rich. I'd never have set out for Hollywood with my camera, and I'd have had a lot less interesting life. -King Vidor

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

http://famousquotesandauthors.com/quotes_by_topic.html

IQD Update - Iraq Dinar - Investment Law - Implementation Tripartite Budget - Race Against Time -

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=WWnNBqOvgkg

Goldilocks' Comments and Global Economic News Friday Afternoon 6-21-24

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CandyKisses: Movement to activate the road agreement and the Chinese belt

CandyKisses: During the Eid holiday. 3 northern governorates receive more than 320,000 tourists

Economy News - Baghdad

During the Eid al-Adha holiday, resorts and tourist areas in the governorates of Erbil, Sulaymaniyah and Halabja received more than 320,000 tourists, while statistics on the number of tourists who went to Dohuk were not yet available.

According to information and statistics from the Directorate of Tourism in Sulaymaniyah province, "more than 120,000 tourists visited the province and its tourist areas, most of whom are citizens of central and southern Iraq."

Compared to the same time last year, the percentage of tourists to Sulaymaniyah increased by about 20,000 tourists.

For its part, the responsible authorities in Erbil province announced that "117,421 tourists went to the province during the Eid holiday," noting that "54 felonies and 51 misdemeanors were recorded."

As for the province of Halabja, the Directorate of Tourism announced that "84 thousand and 176 tourists went to the province, for the purpose of tourism and vacation, and 40 violations and warnings were recorded by the inspection and control committees," noting that "there were no unfortunate incidents during that period, and the Eid plan was successfully applied, in terms of receiving tourists and creating the appropriate atmosphere for them."

The concerned authorities in Dohuk province did not announce statistics after tourists flocking to the governorate and its tourist areas during the Eid al-Adha holiday.

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CandyKisses: Parliament calls on government to send important laws that affect people's lives

Baghdad - Iraq Today:

The MP for the State of Law Coalition within Radi called on the government to expedite the sending of the law on the salary scale of employees because of its importance in achieving social justice.

Radi said in a press interview that "there are important laws that the government still has waiting to be sent to the House of Representatives in order to legislate them during the current parliamentary session."

"The House of Representatives called on the government to send bills that serve the government and citizens, including the Federal Court Law, the Oil and Gas Law, the Slums Law and other laws," he said.

Radi expressed his "hope that the government will send important laws as soon as possible in accordance with the government program presented by Prime Minister Mohamed Shia Al-Sudani," stressing that amending the salary scale law has become necessary.

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Tishwash: Sudanese Advisor: We have prepared a comprehensive plan to combat corruption and recover funds

Al-Saadi pointed out, “There is a fund to recover the former regime’s funds, which operates according to its own law,” stressing that “a lot of money has been recovered, most recently from Swiss banks, where it was deposited in the Central Bank.” link

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

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

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

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

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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