Iraq Economic News and Points to Ponder Tuesday Evening 4-16-24
Tlm724 Administrator Bondlady’s Corner
The Sudanese Advisor Expects The Dollar To Decline After The Washington Discussions
Economy | 12:31 - 04/16/2024 Mawazine News - Baghdad, the political advisor to the Prime Minister, Sobhan Mulla Jiyad, expected Iraq's readiness to transform the relationship with the "International Coalition" into bilateral relations, anticipating a relative decline in the "dollar" with the Sudanese visit to Washington.
Mullah Jiyad said in a televised interview followed by Mawazine News: “Iraq wants to transform the relationship with the International Coalition into bilateral relations.”
He added, "We expect the dollar to decline relatively with the Sudanese visit to Washington," noting that "Iraq wants to transform the relationship with the International Coalition into bilateral relations."
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Goldilocks' Comments and Global Economic News Tuesday Evening 4-16-24
Good Evening Dinar Recaps,
Yesterday, Hong Kong regulators adopted both spot Bitcoin ETF and spot Ether ETF. In 2021, mainland China and cryptocurrency trading was banned. Since that time, China has been working diligently to regulate this industry.
And now, China's largest family is in process of funding the above projects. "ChinaAMC, Harvest Global and Bosera International are among those that have been given the green light to issue ETFs."
China AMC is the first Exchange Traded Fund manager in China, and they are the investment manager of the Asian Bond Fund China Fund.
ETFs track a specific set of index assets allowing you to invest in many Assets in that particular sector. ETFs allow you to invest in a grouping of companies and digitize them in a group fund.
This process allows sectors of the market to be joined together in a single asset group class bringing the new digital economy inside the marketplace.
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Iraqi News Highlights and Points to Ponder Tuesday Afternoon 4-16-24
Parliamentary Finance Reveals Two Reasons Behind The Delay In Sending Budget Schedules
Policy Information / Baghdad.. On Tuesday, the Parliamentary Finance Committee revealed the fact of the delay in sending the 2024 budget tables to the House of Representatives for the purpose of voting, indicating that the tables are complete, pointing out that there are two main reasons behind the delay in sending them to Parliament.
Follow the “Al-Ma’louma” channel on Telegram.. News that does not require documentation..
Committee member Representative Hussein Moanis told Al-Ma’louma, “The problem with delaying the 2024 budget schedules does not lie in the completeness of its details, but rather the problem relates to two technical and monetary issues.”
He added, "The government has accomplished what it had to do, but the lack of cash is the main reason for the government's delay in sending these schedules," noting that "most of the projects have begun to stop due to a lack of financial funding."
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TNT:
Harambe: Indonesian rupiah hits 4-year low, prompts central bank intervention, Money News | AsiaOne 4-16-24
The Indonesian rupiah on Tuesday (April 16) slid to its weakest in four years as the market reopened after the Eid al-Fitr holidays, prompting the central bank to intervene.
The rupiah weakened as much as 2.27 per cent to 16,200 per US dollar, its weakest level since early April 2020, leading the decline among emerging Asia currencies.
While Indonesian markets were closed for the holidays, the US dollar had gained after strong US economic data and rising inflation led markets to push out expectations for when the Federal Reserve could start cutting interest rates.
"Bank Indonesia is taking steps to maintain rupiah stability by maintaining supply-demand balance in foreign exchange market, through triple interventions," Edi Susianto, the central bank's head of monetary department, told Reuters.
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TNT:
Tishwash: Al-Bayati: Al-Sudani’s visit to Washington will resolve these two files
Former MP Jassim Al-Bayati confirmed on Tuesday that the Sudanese visit to Washington will have positive consequences at various levels, especially military, security and economic, pointing out that the visit would resolve the issue of the American military presence inside Iraq and strengthen the dinar against the dollar.
Al-Bayati told Al-Maalouma, “The visit of Prime Minister Muhammad Shiaa Al-Sudani will have positive consequences at all stages, whether activating the strategic framework agreement between the two countries or resolving some economic issues.”
He added, "The visit would resolve the files of some banks that were punished by the Dalil countries, as well as resolve the issue of the lack of liquidity of foreign currency (the dollar) in Iraqi banks and find solutions to ensure its availability."
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Economics, News
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IQD Update - Iraq Dinar - America - Activate - Massive Economic Deals
MilitiaMan and Crew: 4-15-2024
The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man
Be sure to listen to full video for all the news……..
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Iraq Economic News and Points to Ponder Monday Afternoon 4-15-24
Tlm724 Administrator Bondlady’s Corner
Today.. Al-Sudani Meets Biden At The White House
Monday, 04-15-2024, AM 8:55 Tayseer Al-Asadi 247 Prime Minister Muhammad Shiaa Al-Sudani will meet this evening, Monday, at the White House, with US President Joe Biden, as the two sides discuss vital files dealing with various economic, political and security fields and ways to activate the vital sectors of the strategic framework agreement signed between the two countries.
Before his meeting with Biden, Al-Sudani will meet with US Secretary of State Anthony Blinken, and
after the conclusion of the White House meeting, the Prime Minister and the Iraqi delegation accompanying him will head to the Pentagon building, the US Department of Defense, where he will meet with Defense Secretary Louis Austin, and
then hold an expanded meeting with the US Treasury Undersecretary. Wali Adeyemo, in the presence of the Minister of Finance, Taif Sami, and the Governor of the Central Bank of Iraq, Ali Al-Alaq.
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Goldilocks' Comments and Global Economic News Monday Evening 4-15-24
Good Evening Dinar Recaps,
Bureau of Land Management Announcement:
The Bureau of Land Management insures that fair taxpayer return and accountability for oil and gas operations are adhered to on public lands.
The BLM entered their proposal into a final rule. This final rule goes into the Federal Register and cannot be implemented no sooner than 30 days from its publication.
The Final Rule is as follows...
* The Fluid Mineral Leases and Leasing Process rule.
"This rule reinforces the BLM’s leadership role in energy development by:
1 ensuring responsible leasing and diligent development to minimize conflicts with other resources while ensuring the BLM can continue to manage public lands for multiple uses;
2 implementing key fiscal reforms, including updating royalty rates, rental rates, and minimum bids on BLM-managed public lands; and
3 modernizing bonding requirements for leasing, development, and production to ensure taxpayers do not bear the cost of orphaned wells on public lands."
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Economics, Gold and Silver, Goldilocks, News
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KTFA:
Clare: Iraq Prime Minister motorcades into Washington DC for a meeting with Biden
"the list of the delegation accompanying the Sudanese, which consists of about 130 figures."
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Iraq Economic News and Points to Ponder Late Sunday Evening 4-14-24
Tlm724 Administrator Bondlady’s Corner
Expert: The Central Bank Is An Obstacle To Sudanese Economic Directives
Economy | 04/13/2024 Mawazine News – Baghdad The economic expert, Mustafa Akram Hantoush, confirmed today, Wednesday, that the Central Bank of Iraq is an obstacle due to its delay in implementing the economic directives of Prime Minister Muhammad Shiaa Al-Sudani.
Hantoush told Mawazine News, “The Central Bank is standing in the way due to its delay in implementing the Prime Minister’s directives to launch the initiative for loans for small, medium and large projects, as well as residential ones.”
He added, "The current central bank policy will contribute to delaying the wheel of development by leaving the national banking sector and allowing foreign banks to enter the Iraqi market."
He pointed out that "Iraqi law sets the percentage of foreign ownership at 49%, while today we see many banks owned by foreigners at rates of more than 50%, which is against the law."
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TNT:
Tishwash: With the participation of 100 companies from 13 countries...the oil, gas and energy exhibition activities will start tom
The activities of the Oil, Gas and Energy Exhibition will be launched in Basra Governorate tomorrow, Tuesday, sponsored by the Ministry of Oil and with the participation of 100 companies.
Basra International Exhibition Media and Relations Officer, Osama Majeed, told the National Iraqi News Agency (NINA) that all preparations for the opening of the Iraq Oil, Gas, Energy and Oil Equipment Exhibition, scheduled to be held for the period from 16 to 19 of this month, have ended. On the grounds of the Basra International Fair next Tuesday at 11 am.
He added, "There are more than 100 local, Arab and international companies from 13 countries, including Iraq, Switzerland, the United States, China, Saudi Arabia, Turkey, Iran, France, Japan, Britain, Egypt, and the Emirates, with various specializations in oil and energy industry technology. They will participate in the exhibition."
Majeed pointed out that The exhibition will be open to visitors from eleven in the morning until five in the evening. link
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