March 26 2023

Okie

NO BANK CONFIRMATIONS YET- AWAITING ON CALL FROM BANKER–EXPECT IT AT ANYTIME FROM NOW FORWARD. WATCHING FOR THE 2PM UPDATE-MAY BE THE KEY-ACCORDING TO SOURCES. WILL PASS ON MORE INFO AS RECEIVED. KEEP GROUNDED AS THIS IS STILL A FLUID AND EVER CHANGING SITUATION.

EVERYONE JUST SIT STILL FOR A LITTLE WHILE LONGER–THIS WAS SCHEDULED FOR TODAY AND STILL MAY HAPPEN BUT TOMORROW MAY BE THE DAY–INTEL CHANGES DAY TO DAY.  I AM PRIVY TO BANK NEGOTIATIONS THAT TRANSPIRED TODAY ON ALL OUR BEHALF>>>

—DETAILS WILL BE POSTED AFTER WE RECEIVE THE NOTIFICATION OF THE R/V BEING RECOGNIZED IN THE USA .

WE CAN DO NOTHING TO EXPEDITE IT–THIS HAS PROGRESSED TO THE POINT OF NOT BEING ABLE TO BE STOPPED. LET ME BE VERY CLEAR–THIS WAS SUPPOSED TO OCCUR TODAY–SO LET’S LOOK FORWARD TO SEE WHAT TRANSPIRES TOMORROW–

Nader From The Mid East 

 It’s good if something happened in the month of Ramadan.  Why? Because it will give you more time to change your money instead of giving you one week, two weeks, 30 days.  They will give you more than that.  Why?  Because they know in Ramadan the Muslims they’re not going to bring their money to the bank.  They’re not going to make any profit from that money.  They know if they make a profit of that money they’re going to give it away…

There will not be an RV without new currencies.  If you see new currencies comes out (I’m not saying it’s gonna come out soon.  I’m not saying when.) I’m saying if you see the new currency come out, exactly twelve days after that…there will be a new rate.   They will not release the small category notes with no strong exchange rate.

Sandy Ingram

 The exchange rate…has changed online, which is a big deal.  [It’s now showing 1310 to 1 USD] This means what the parliament voted on is now factual globally.

Frank26 

 Question “Should we exchange one smaller 3-zero note first or our 50,000 dinar note first?”  It depends on how many dinars you have.  If you have a lot you have a lot of options…it depends on what you have so I can’t really answer that because we don’t know what the variables are. [NOTE:  Consult your financial advisor at the appropriate time to create an exchange plan suitable to your unique circumstances.]

Every day they’re telling them more and more…they made another exchange rate change.  And as we predicted it, it would happen before it takes them to an international float…  [NOTE:  The official CBI rate is still listed as 1310. 

[Iraq boots-on-the-ground report]  FIREFLY: They have economist, CBI and parliament finance all on Channel One all day…talking about the lower notes and the fils.  They say they’re bringing them back to give the citizens purchasing power.

Mnt Goat

 They have…fully de-pegged from the US dollar meaning the program rate will soon no longer apply. The dinar is now on an “informal” managed float inside Iraq. They have changed the entire structure of the currency auctions with the new Electronic Platform. They have moved the rate from 1450 to 1320 and now to 1132… if you read the 5 years redevelopment plan issued 5 years ago, they are right on track.

Militia Man 

 [Boots on the ground report]  Guest Guru PompeyPeter has a business relationship and friendship with people from some of the ministries over in Iraq and his brother, they own a business there that deals in banks…[Guest Guru] PompeyPeter got in contact with him again yesterday morning…they have a good conversation for about 10-15 minutes which is a pretty long call…at the end he says, ‘Peter, get with me.  Bring me something before the 31st of March.’  We know what that means because he’s expecting something just like we are.  The man dealt with currency and he’s a professional.  He’s a smart man/educated …He’s kind of brilliant in the way he acts and reacts to [Guest Guru] Peter because that’s their culture…

Pimpy 

As we are all aware Ramadan has started.  We’re talking about 30 days of usually nothing really gets accomplished during this time.  I’m not saying it won’t but usually it doesn’t.

Goldilocks “Banking Updates”

Goldilocks and Seeds of Wisdom Thank you RJ RJ:  Good morning Dinar Recaps, Goldilocks posted commentaries with links: Sometimes, we have to look back for clarity to move forward. Do you remember all of the reports we have been looking over in this room from the Deutsche Bank? The ones that show you the SOFR lending services going out to countries around the world inside their Banks? And now, we hear on Friday that the Deutsche Bank is under the risk of certain failures if they do not comply. As we have said before, the Deutsche Bank touches all banks around the world. The transition on the banking end is as follows: * Bank failures * Bank consolidations * Deutsche Bank failures I want to point out that we have reached all three levels, but we are in process of transitioning into the new system as well. We are at a pivotal moment in time, and I am looking for a pause in interest rates at any moment. This will create a break in the system long enough for new price actions (resets) to be applied across all sectors of the market. 

This move from Libor contracts to SOFR contracts is a very pivotal point come June 30th. At that time, the transitioning part of the financial system will be over. ONLY collateralized (SOFR) contracts backed by digital commodity based assets will move and liquidate our banking system going forward. Sometime between now and that date above, the entire financial system is going to go through a revaluation process. There will be some battles over currency reforms to distract us. This will mean that what we are looking for is just around the corner. It is out with the old financial protocols and in with the new asset-backed digital commodity protocols. These final changes won’t come easy, but they will be worth it. Early in July, the FedNow International Payment System will launch. Coincidence? Timing? Interesting… 

The Board of Directors of the Central Bank of Iraq decides to withdraw the license of one bank and three exchange companies, and to stop the activity of a number of others due to violations.

Iraqi News Sunday Morning Iraq Economic News Highlights 

Sunday Morning Iraq Economic News Highlights 3-26-23 Parliamentary Finance: The Budget Did Not Reach Us, And Its Deficit Is Very Worrying 1,053   A member of the Parliamentary Finance Committee, Hussein Moanis, confirmed, on Saturday, that the committee did not formally review the budget, and it did not start studying the project and reviewing it, except for what was nominated for it. Moanes said in a press interview, which was seen by “Takadam”, that “the budget reached the presidency of the Council, and it has not reached the Finance Committee until now.” 

He added that there has been significant inflation in the budget for three consecutive years. And he indicated that “the government curriculum talks about balancing a program, and what we have in our hands is a budget for three years, and when it reaches the Parliamentary Finance Committee, it will be discussed.” He added, “What we care about now is the oppressed and disadvantaged classes that have suffered from marginalization, whether civilian examiners or lecturers, as well as members of the popular crowd, and we seek to include them in the 2023 budget.” And he stressed that “the financial deficit in the budget is very large and disturbing, which requires stopping the study of the budget and reducing the deficit significantly.” 

 Al-Sudani Confirms That Iraq Will Continue To Establish Effective Economic Relations Political | 05:34 – 03/25/2023  Baghdad – Mawazine News  , Prime Minister Muhammad Shia Al-Sudani affirmed today, Saturday, that Iraq will continue to establish effective economic relations that contribute to the construction of infrastructure and open the doors of investment and partnership to all friends. The media office of the Prime Minister stated in a statement, a copy of which was received by Mawazine News, that “Al-Sudani received a phone call from French President Emmanuel Macron,” noting that “the contact witnessed discussions between the two sides on ways to strengthen bilateral relations, continue work and economic partnership and expand it for what It is in the interest of both countries.” Al-Sudani assured the French President, “Iraq will continue to establish effective economic relations that contribute to the construction of infrastructure, and open the doors of investment and partnership to all friends, within an effective economic and service program.” The French President praised, according to the statement, “the growing relations between the two friendly countries, in various fields, and the increasing level of cooperation towards building economic partnerships that contribute to achieving mutual interests, in a way that enhances the development path of the two countries and the prosperity of their peoples.”

 Iraq Lost More Than 20 Billion Dollars Due To The Delay In Signing The Fifth Licensing Round For Oil Fields Deputy for / NINA /: Saturday 25 March 2023 18:22 | Economical Number of readings: 469  Kut / NINA / – A member of the Parliamentary Oil Committee, MP for Wasit, Basem Nghimesh Al-Gharibawi, confirmed that the delay in the procedure for signing the fifth licensing round for joint oil fields with neighboring countries caused losses to Iraq that exceeded $20 billion. Al-Gharibawi told the National Iraqi News Agency ( NINA ) that the countries sharing with Iraq in these fields (Iran and Kuwait) worked to invest the resources of the fields over the years, which caused these losses. He added that this tour was supposed to be the first or the second, due to its importance in enhancing the national economy of Iraq’s almost complete dependence on oil revenues./ It’s over.

 Parliamentary Efforts To Include A Budget For Social Welfare Iraq  2023/03/26   Muhannad Abdel Wahhab   Parliamentary committees and the Ministry of Labor and Social Affairs are concerted efforts to reach all beneficiaries covered by the social protection system, according to instructions issued by the government after a field survey for the purpose of involving families who were unable to apply through the electronic form. The head of the Social Protection Authority in the Ministry, Ahmed Al-Moussawi, said:

 “The field survey procedures have reached the third stage, with the number of applicants amounting to more than one million and 700 thousand families,” noting that the authority “began to reach 17 districts, and the field teams moved to 57 districts, and after completing The budget process will implement procedures to include the poorest districts, as we have decided to move to all regions.” Al-Moussawi added, in an interview with “Al-Sabah,” that “the goal is to reach the poor areas after we put in our plans many areas, including 70 districts,” explaining that “our goal is to reach families who could not submit electronically and had not previously submitted an electronic form.” On this basis, the campaign will continue until next week, after we were able to reach 500,000 families and enter them into the database.” 

The head of the Social Protection Authority added that “the current goal within the next four months is to complete the field survey procedures for families,” pointing out that “the number of participating researchers in Baghdad and the governorates has reached two thousand social researchers with the addition of 400 social researchers, while we will witness the participation of 2500 Additional Social Researcher. Al-Moussawi stated, “The social research process continues until the completion of the form for all applicants, in addition to the field survey work, and for this we are awaiting the approval of the general budget to launch the first group of those covered by the social protection system.” In turn, Ibtisam al-Hilali, a member of the Women, Family and Childhood Committee and a member of the Legal Committee, said that “allocations for those covered by social care amounted to 7 trillion dinars,” noting that “the government’s approach is focused on caring for this segment.” 

And Al-Hilali continued, in an interview with “Al-Sabah” that “the women’s and legal committees support the ministry to meet the requests and needs of citizens from the elderly, divorced, widows, the disabled, and those who need a social care salary in the budget, and we are looking for a special budget for the Ministry of Labor to support those who are eligible in the network.” Social Welfare ” . 

Parliament Is Looking For Resources To Bridge The Budget Deficit Of 64 Trillion Dinars Economy ,  03/26/2023 10:08  , number of readings: 180   Baghdad – Iraq today:  The Parliamentary Finance Committee revealed four resources that contribute to bridging the 2023 budget deficit, which amounts to 64 trillion dinars. Committee member Moeen Al-Kazemi said, “The investment of associated and free gas was discussed during the visit of Prime Minister Muhammad al-Sudani to Germany and France,” noting that “there is a great desire of the European Union to enter this sector and work to deliver it to Europe through pipelines through Turkey.” Al-Kadhimi added, “Treating associated gas and benefiting from it instead of burning it over the past decades is a priority today,” pointing out that “exploiting associated gas needs more time and cannot be included in the 2023 budget as revenues, but will need financial allocations to rehabilitate and control it, and thus Associated gas can be included in the imports of 2024 and 2025 in order for Iraq to dispense with importing gas from neighboring countries. 

Regarding the budget for the current year, he explained that “the deficit is in the range of 64 trillion Iraqi dinars, as the Ministry of Finance presented the budget, including an offer to cover the deficit through four resources,” explaining that “the first resource is the difference between the actual oil sale price with the price approved in the budget of $70.” While it is sold for 80 dollars, here 10 dollars is a financial abundance that can increase revenues from 146 to higher. He added, “The second resource is the possibility of exporting an additional 200 thousand barrels of oil, which is another source instead of three million and 700 thousand barrels, in addition to the financial abundance of the state treasury from previous years, and there are approximately more than 20 trillion dinars that can be used as financial abundance, loans, and others.”

 The deficit can be covered from it,” pointing out that “the Finance Committee will work to reduce the deficit, because the budget was drawn up for three years and negative possibilities such as the drop in the oil price must be taken into account, and for this the operational budget can be reduced and the investment budget supported, with a period of study in the House of Representatives that may exceed 45 days in the long term. Regarding the funds of the Emergency Food Security Law and the follow-up of their disbursement, he indicated that “some of the law’s funds were disbursed and others are still in the government’s accounts, and there are 9 trillion Iraqi dinars allocated for the development of the regions and were not spent in 2022 because time was limited.” 

 Baghdad today – Baghdad  Today, Sunday, the exchange rates of the dollar against the dinar recorded a significant decrease in exchange shops in the capital, Baghdad . The (Baghdad Today) correspondent said, “The Al-Kifah and Al-Harithiya stock exchanges recorded an exchange rate of 154,200 dinars for every 100 dollars .” He added, “The exchange rates of the dollar decreased in exchange shops and local markets in Baghdad, where the selling price reached 155,000, while the purchase price reached 153,500 for every 100 dollars.”   LINK The Decline In Gold Prices In The Markets Of Baghdad And Its Stability In The Markets Of Erbil “Foreign and Iraqi gold prices decreased in the local markets in the capital, Baghdad, while they stabilized in the markets of Erbil, the capital of the Kurdistan Region, today, Sunday, (March 26, 2023). Also, the gold prices in the wholesale markets on Al-Nahr Street in the capital, Baghdad, recorded this morning. The selling price for one 21-carat weight of Gulf, Turkish and European gold was 423 thousand dinars, and the purchase price was 419 thousand dinars, while the selling prices for yesterday, Saturday, were 428 thousand dinars for one weight. In addition, the selling price of one 21-carat weight of Iraqi gold also recorded stability at 393 thousand dinars, and the purchase price reached 389 thousand. With regard to gold prices in goldsmiths’ shops, the selling price of the 21-carat Gulf gold weight ranges between 425 thousand dinars and 435 thousand, while the selling price of the Iraqi gold weight ranged between 395 thousand and 405 thousand dinars. As for gold prices in Erbil, they have stabilized, as the price of 24 carat gold sold 495 thousand dinars, 22 carat recorded 455 thousand dinars, 21 carat sold 440 thousand dinars, while 18 carat sold 370 thousand dinars. 

Al-Darraji: The Government’s Measures Stopped The Exchange Rate’s Plan To Reach 200,000 Dinars Money  and business  Economy News – Baghdad  The technical advisor to the Prime Minister, Muhammad Sahib al-Darraji, considered that the measures taken by the government stopped the “scheme” for the dollar exchange rate to reach 200 thousand dinars for every 100 dollars. Al-Darraji said in a televised interview, followed by “Al-Iqtisad News”, that “the budget will be annual in terms of revenues and expenditures,” noting that “the budget is directed towards the health, education and energy sectors.” He added, “The exchange rate was the main reason for the delay in sending the budget,” explaining that “half of the deficit in the budget is due to the conversion of the exchange rate.” Al-Darraji went on to say that “the government’s measures stopped the scheme for the exchange rate to reach 200,000 dinars (for every 100 dollars).”   

 Al-Abadi: The Violations Of The US Army In Iraq Are Massive And Were The Root Of The Problems Today 10:28  Information / Baghdad..  Former Prime Minister Haider al-Abadi accused, on Sunday, the US army of committing grave crimes against humanity in Iraq, indicating that America occupied Iraq without implementing its promises regarding its reconstruction plan and floundering a lot in decisions. Al-Abadi said in a televised interview, followed by Al-Maalouma, that “the plan for the reconstruction of Iraq after the occupation by the American side has been completely absent, which indicates the confusion of the American decisions towards Baghdad.” 

He added, “After the invasion of Iraq, we discovered that there was no plan for the reconstruction of the country after the war, and its forces caused a major violation of human rights against Iraqis, which caused successive crises other than the democratic claim and freedom.” He explained that “terrorism has caused successive disasters and crises, causing double problems in Iraq and delaying any economic, political and developmental reforms in the country for twenty years.” 

Baghdad – Mawazine News, a member of the Parliamentary Finance Committee, Hussein Moanis, confirmed, on Sunday, that his committee has set a schedule to host the ministries and concerned authorities in order to find out the allocations allocated in the budget for each ministry. Moanes said, “One of the core of his committee’s work is to discuss the allocations allocated in the budget,” noting that “some ministries believe that their budgets are inappropriate or inconsistent with the ministerial curriculum adopted by the government.”

 Moanes added, “Because of the large sums, the hosting has been scheduled to discuss the possibility of reducing it, and the finance minister and the governor of the central bank will be at the head of the figures that will be discussed.” He continued, “We are entrusted with distributing the people’s money in a fair manner and supervising the disbursement,” noting that “the procedures applied by his committee are within its national responsibility, in order to be accurate in making any decision.” Moanes pointed out that “the Finance Committee demanded the final accounts, but only two years’ accounts were sent, and we are waiting for more,” according to the official newspaper. On the 13th of March, the Council of Ministers approved the draft budget law for the years 2023, 2024, and 2025, which is the highest in the history of Iraq, with a value exceeding 197 trillion dinars, based on the price of oil at $70, while the deficit amounted to 63 trillion dinars. 

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🔥 NEW!! HATHA YOGA: for beginners 🔥

This is the first in our series of Yoga Training. This is a Hatha Yoga Practice for beginners. This session runs about 20 minutes and is a light and gentle Yin Flow Yoga for all ages. Enjoy your Practice! Namaste 🙏 CLICK HERE to sign up for training