Investment Shows The Importance Of The Singapore Agreement.. What Are Its Details?

 Money and business  Economy News – Baghdad  The National Investment Commission confirmed, today, Sunday, that the Singapore agreement will accelerate the increase in Iraq's international classification, while clarifying regarding financing projects of local, Arab and foreign investors in Iraq.

The head of the commission, Haider Makiya, said: “The investment classification of emerging countries in 2024, conducted by FDI Intelligence, ranked Iraq fourth, indicating the confidence provided by investment in Iraq, specifically the National Investment Commission, in providing a safe legislative environment for the investor to settle in Iraq and return large capital to implement infrastructure projects and achieve sustainable development.”

He added, "The Singapore Agreement will accelerate and speed up the increase in Iraq's international rating, which is a sovereign rating for the whole world, and thus Iraq's rating will be known when it is good."

He pointed out that "all investors in the world will come without any restrictions or conditions as long as the legislative environment exists and governs their work in Iraq, and thus the process of attracting money to enter it will proceed easily and smoothly."

He pointed out that "project financing may be internal or external. If Iraq joins the international agreements, the process regarding foreign investors will be governed by the agreements. However, if the investor is local or Arab and wants to take financing, he will be subject to Iraqi laws regarding financing."  47 views 07/07/2024 - https://economy-news.net/content.php?id=44973

LATEST FROM MILITIAMAN

 Militia Man 

 Saleh has been very vocal about...the exchange rate, inflation, their reserves.  His positive tone has been very well accepted because this is his fourth one...the reason there's positivity is because...of where we have been in the past and what has been transpiring ...What is different in the last year and half since Al Sudani arrived is amazing.  It's immense.  And the totality of it should have everybody pretty pumped because I see it as light at the end of the tunnel.

 Iraq has a project to delete the zeros.  The delete the zeros hasn't happened yet...  Iraq doesn't have an international acceptable tradable currency just yet...

 Article: "Prime Minister's Advisor: Iraq in the process of paying off long-term development loans to the World Bank" 

It looks like Iraq's financial situation is solid as they get effectively. She has so many revenue streams coming on board now it will only get better and the World Bank, the IMF, the UST, etc all know it.   Hence, the view of Iraq will bring confidence to the largest Banks and Financial Entities in the world. That was broadcasted globally too.

Iraqi Dinar🎉Trade Bank Of Iraq Massive Announcement Today 2024🔥iraqi din...

Parliament Indicates A “Single Way” To Eliminate 95 Percent Of Corruption In State Institutions

 Politics | Baghdad today - Baghdad    Today, Sunday (July 7, 2024), the Integrity Committee in the House of Representatives indicated the only way through which corruption can be eliminated in all state institutions.

Committee member Hadi Al-Salami said in an interview with “Baghdad Today” that

 “there is one step that eliminates approximately 95% of the rampant corruption in state institutions, which is the transition towards electronic governance, and although this matter was emphasized in the ministerial curriculum, it was not implemented.” Until now". 

He stated,  "There is no ministry that has implemented electronic governance so far, despite the importance of this step in fighting corruption and eliminating it once and for all.

 This confirms the desire for corruption to continue, and  that is why all ministries have not implemented this system, which is the main step in eliminating corruption." Which has been eating away at the body of the Iraqi state for years without any real confrontation with it.

 Iraq is considered one of the countries with the highest rates of administrative and financial corruption, and  it is noticeably present in several administrative facilities.

Some politicians in Iraq are considered among the first to be besieged by corruption charges.

 Because of that, Iraq is considered, along with several countries such as Afghanistan, Somalia, Yemen, Sudan, and Libya, among the countries with the highest rates. Corruption according to the Corruption Barometer.

Because of the massive corruption in Iraq, there is a massive lack of services, deterioration of infrastructure, and deterioration of industrial and agricultural development, among examples of rampant corruption.

A total of $228 billion was wasted on construction and infrastructure projects, on paper only, a value that exceeds three times the national budget and the country's gross domestic product,

 despite the enormous funds generated from the sale of oil, as Iraq ranks second among oil-producing countries.

 But it remains completely dependent on imports, even for electricity and petroleum products.

 https://baghdadtoday.news/252979-البرلمان-يؤشر-طريقة-وحيدة-للقضاء-على-95-بالمئة-من-الفساد-في-مؤسسات-الدولة-عاجل.html

LATEST FROM PIMPY

 Pimpy  

  July 18th is going to be good.  They get to go there, meet with the World Trade Organization.  There's going to be information and reforms and requests made by the WTO that they are going to hand off to Iraq. 

 Iraq is going to go over there and drop off additional materials that was requested from the last meeting and ask questions to make sure their accession into the World Trade Organization continues to go as smoothly as possible.  As far as the exchange rate is concerned, no it's not going to be brought up there because that's not the job of the WTO.

Community comment: "July 18th is the next meeting [between WTO and Iraq], they need to RV before then"

  No they don't have to RV.  People keep associating the RV with the accession into the World Trade Organization...The World Trade Organization doesn't deal with the exchange rate.  They deal with the regulation and transparency of trade between countries.  That's it.

Iraqi Dinar✅Urgent Update: Iraqi Dinar Float - What Investors Need to Kn...

The Parliamentary Economy Reveals The Factors That “Thwart The Iraqi Industry”: Granting What Is Above And Below The Ground For The Benefit Of The Investor

  Economy  2024-07-07 | 

  Alsumaria News-Economy   Deputy Chairman of the Parliamentary Economy and Industry Committee, Representative Yasser Al-Husseini, considered today, Sunday, that  the government and the Ministry of Industry are acting according to the “erroneous belief” that there are no Iraqi competencies to advance the industrial sector in Iraq,

 which prompted them to offer production lines and factories, as well as underground mineral resources, to invest at high prices. meanness.

Al-Husseini told Al-Sumaria News,  “The belief of the government and the Ministry of Industry that Iraqi competencies are unable to advance the industrial sector is completely false, and  there are Iraqi experiences and capabilities capable of advancing the sector with the best products and may compete with global industries.”

He pointed out that   "successive mismanagement of the industrial sector led to these bad fateful results for this sensitive, vital and economic sector, and led to the issuance of notorious joint operating contracts, according to which many industrial production lines were sold as piles of scrap."

He stated that  "the government agreement not to buy local products from these government factories and not to supply them and to implement the Iraqi Product Protection Law are what led to these fateful and disastrous results for the Iraqi industry."

 He pointed out that "the Ministry did not limit itself to offering above-ground factories for investment in the hands of companies,

but rather went underground according to decisions that faced strong opposition in previous years by heading to grant underground resources of precious metals and chemicals, and granting them to Jordanian and American companies at the cheapest prices."

 He stated that   "one ton of sulfur amounts to $400, while   the government granted it to companies for $5 per ton, with quantities in Iraq amounting to more than 500 million tons as explored storage on only 16% of Iraqi territory."

He pointed out that this and other measures and trends cast a shadow over the failure of industry in Iraq and the lack of a true vision, to the point that they became losing companies built on a narrow partisan basis and these companies went on to obtain government contracts outside of what this ministry manufactures.  

 https://www.alsumaria.tv/news/economy/493135/الاقتصاد-النيابية-تكشف-عوامل-إفشال-الصناعة-العراقية-منح-ما-فوق-الأرض-و    

LATEST FROM MARKZ

 MarkZ 

  [via PDK]  I’m expecting a lot of news throughout the week…i am expecting we will have an extremely busy 4-7 days right now. There are a number of groups with expectations for around the 12th. Everything appears to be lining up...I’m praying this is our week. I have extreme anticipation for this week.

  “Unfolding structural economic  transformation in Iraq” 

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

... More and more sources are telling me that serious money movement and us moving towards the banks somewhere around the 12th-15th. Noone knows the exact timing but they are certainly preparing lots of bank contacts for that time period , so I think it may speak well to where we may be on that.

Iraqi Dinar 🔥July 18th Bombshell: Will Iraq Revalue Its Currency Before ...

Parliamentary Finance Committee talks about a decision that "created a crisis" for the corrupt and thieves

 Parliamentary Finance Committee talks about a decision that "created a crisis" for the corrupt and thieves

Iraq is preparing to implement the latest decision of the Central Bank in about 6 days from now, which is to limit the delivery of dollars to travelers inside airports, a decision that the Parliamentary Finance Committee described as "a crisis for the corrupt and thieves."

"The decision will prevent corrupt people from exploiting other sales outlets to smuggle currency," said Jamal Koujar, a member of the Finance Committee, stressing that "limiting sales to the airport will ensure that the money reaches the actual travelers."

He pointed out that "this decision will not negatively affect citizens, but will besiege smugglers and corrupt people, as we discovered that millions of dollars are being stolen due to corruption, and the new decision will create a crisis for thieves and corrupt people who were exploiting the currencies that were supposed to go to travelers."

Koger stressed that stabilizing the dollar price in the markets requires strong security action on the borders to pursue smugglers, in addition to facilitating the Central Bank's exchange operations and increasing the quantities available in the currency auction to meet market needs.

Since Eid al-Adha until now, exchange rates have witnessed a "chronic" rise in dollar exchange rates until the selling prices in exchange offices reached 150,000 dinars for every 100 dollars.

The Financial Supervision Bureau revealed in a report that during the first half of 2023, there were more than 150,000 citizens who bought dollars for the purpose of traveling but did not travel, meaning they obtained 600 million dollars and sold them on the black market and benefited from the currency difference.  link

"THE IRAQI DINAR WILL NOT FLOAT" BY GOLDILOCKS

 GOLDILOCKS

If you remember earlier this year, we talked about the WTO stating that they would be working on exchange rates the second half of this year.

Once Iraq is reinstated into the Global Economy and joins the WTO, this will be a part of the process of developing International exchange rate values to level the playing field between countries.

Now, it makes sense to me why our CBI Banker contact that Dee and I speak to stated that Iraqi Dinar will not float.

 It will be a revalued rate. 

Iraq's "system paper" or "regulation paper" should go a long way in formulating a price for the WTO to evaluate. 

© Goldilocks

Iraqi Dinar News Today 2023

Evening News with MarkZ. 07/08/2024

Parliamentary Finance clarifies.. Will selling dollars at the airport limit its smuggling?

  Parliamentary Finance clarifies.. Will selling dollars at the airport limit its smuggling?

 The Parliamentary Finance Committee stated that the Central Bank’s decision to restrict the sale of dollars to citizens at the airport aims to combat currency smuggling and reduce corruption, while it indicated that the increase in its prices in local markets is due to smuggling operations to neighboring countries.

Committee member Jamal Koujar said that the decision will prevent corrupt people from exploiting other sales outlets to smuggle currency, stressing that limiting sales to the airport will ensure that the money reaches the actual travelers.  

He pointed out that this decision will not negatively affect citizens, but will besiege smugglers and corrupt people, noting that we discovered that millions of dollars are being stolen due to corruption, and the new decision will create a crisis for thieves and corrupt people who were exploiting the currencies that were supposed to go to travelers. 

Koger stressed that the stability of the dollar price in the markets requires strong security action on the borders to pursue smugglers, in addition to facilitating the operations of the Central Bank in disbursing it and increasing the quantities available in the currency auction to meet the needs of the market.  link

ARIEL:"These 3 dates since the inception of this investment opportunity are the most pivotal in the history of this process"

  Breaking News

On July 18th, 2024, Iraq is slated to go before the World Trade Organization on access and benefits of trading in the modern world. Their newly developed regulation paper designed to implement and develop an e-commerce facility will incorporate needed changes in digital asset based trading systems. Watch the water. © Goldilocks ___________________ July 12th July 14th July 18th These 3 dates since the inception of this investment opportunity are the most pivotal in the history of this process. No other dates have lined up in this successive manner where each one is it's own historical event and met with two more critical dates just days apart. History is in front of you. This means a reinstatement can and will occur any time after these dates. Because all mechanisms fo go international will be implemented on those dates.

IRAQI DINAR 💥BIG CHANGE 3 ZERO GONE | IRAQI DINAR NEWS TODAY 2024 | IRAQ...

For the first time, Google and Facebook pass their bandwidth through Iraq

 For the first time, Google and Facebook pass their bandwidth through Iraq

The Ministry of Communications revealed, on Monday, that Google and Facebook are passing their capacities through Iraqi territory, confirming that this is happening for the first time, while indicating that the transit projects will provide financial returns to the country.

The ministry's spokesman, Omar Al-Amiri, told the Iraqi News Agency (INA): "The ministry has made great strides in strengthening Iraq's geographical position in the matter of transit and passing communications traffic and Internet capacities across Iraqi territory."

Al-Amiri explained that “the Ministry of Communications signed a new contract a few months ago on the transit level, not by sea but by land,” indicating that “this line passes through the south, then the center, reaching the Kurdistan region, and exits to Turkey and connects Asia to Europe via Iraq.”

He added that "the Ministry of Communications fulfilled its promises regarding transit and exploiting Iraq's location after it was disabled in previous sessions," noting that "Iraq's geographical location and its exploitation in international communications traffic and its return to the International Telecommunication Union in a prestigious manner will provide financial returns, in addition to the fact that many international companies will pass their capacities through Iraqi territory."

He referred to the "Road of Civilizations Transit Contract that was signed months ago," noting that "Google and Facebook passed their capacities through Iraqi territory, for the first time in Iraq."

It is worth noting that the Minister of Communications, Hiyam Al-Yasiri, announced on Friday that the threshold of “one tera” had been exceeded in passing international communications through Iraq, confirming that Iraq possesses a safe, attractive and reliable path for transit communications.  link

ARIEL: Clarification: The 3 Dates

 Clarification: The 3 Dates

July 12th Derivative Clearing Organizations DCOs must comply by July 12, 2024. (See Federal Register link below) The completion of these swap dealer compliance issues in the Forex Market comes at a time when Iraq has just completed their requirements on phase one of their economic reforms. _______ July 14th Central Bank of Iraq will implement a new mechanism for travelers to receive foreign currency (Dollars) which will ve exclusively through companies and banks at outlets at "international airports" which will come in effect on July 14th. _______ July 18th On July 18th, 2024, Iraq is slated to go before the World Trade Organization on access and benefits of trading in the modern world. Their newly developed regulation paper designed to implement and develop an e-commerce facility will incorporate needed changes in digital asset based trading systems. _______ People, I do not know how you can not be excited about this. You have never experienced dates like these since you have been in this investment. Please take stock into where you are at this time and realize the life before that you have never lived is extremely close at any moment to come into fruition.

NADER FROM MID EAST: Iraq's Economic Growth 2024 (Global Economic Growth)

Zimbabwe Has $370 Million in Reserves to Back Currency - Bloomberg (7/7/24)

 Zimbabwe Has $370 Million in Reserves to Back Currency  - Bloomberg (7/7/24)

Cash and mineral reserves backing Zimbabwe’s new currency have risen to approximately $370 million from $285 million over the past three months, the state-run Sunday Mail reported citing central bank governor John Mushayavanhu.

The increase in currency and mineral reserves provides a strong “buffer” for the Zimbabwe Gold, or ZiG, against external forces, according to the report. 

Mushayavanhu said the central bank has been accumulating reserves from royalties of gold and conversion in kind of other minerals such as diamonds, lithium and platinum.

“As a result, the total reserves have progressively increased about 30% from $285 million as at ” to above $370 million as at the end of June, he said. 

The southern African country introduced the ZiG, which began trading  It replaced the Zimbabwe dollar, which had lost 80% of its value against the greenback this year.

In September 2022, Zimbabwe introduced regulations to compel mining firms to pay half of their royalties to the government in the commodities themselves, as part of measures to build up mineral reserves. Zimbabwe has the world’s third-largest reserves of platinum, and also mines nickel, chrome, lithium and coal.

https://www.bloomberg.com/news/articles/2024-07-07/zimbabwe-has-370-million-in-reserves-to-back-currency-mail

Coffee with MarkZ. 07/08/2024

 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: Welcome to a new week….hope everyone had a wonderful 4th of July weekend

Member: Did you know today JULY 8th is the anniversary of the first time ringing of the Libery Bell in 1776???

Member: Fingers crossed Mark has some great news for us today.

Member: I hope that we will see something on the RV This week?

MZ: Expectations are stinking high for today and tomorrow on the bond side….so will be waiting on updates today.

MZ: The expectation on the bond side is fully spendable funds by tomorrow. Many are expecting updates today.

MZ: I’m expecting a lot of news throughout the week….i am expecting we will have an extremely busy 4-7 days right now.

MZ: There are a number of groups with expectations for around the 12th. Everything appears to be lining up.

MZ: I’m praying this is our week. I have extreme anticipation for this week.

Member: I wonder if the event is postponed because of the hurricane going through the United States?

Member: I wonder -Do all bonds have to be paid in full for exchanges to start?

Member: We were told recently that they need to have paid at least a third of bond folks before we get to start? Who knows if that is still true?

Member: on Jon Dowling,s show it was said that Russia has backed Vietnam to revalue!

MZ: “Vietnam targeting Q3 GDP growth of 6.5%-7%, inflation below 4.5% PM says” And this is just the third quarter. They are obliterating the US….this is big…..and they are under pressure to raise their exchange rate.

Member: will the Hungary pengo or milpengo be in the first basket?

MZ: They are expected to go in the first basket ..but we will not know for certain until we get through the door.

Member: When do we expect the ZIM to go in relation to the Dinar?

Member: We expect it to go at the same time as the dinar and the dong.

​​ Member: "Gold is money. All else is credit.” J.P. Morgan

Member: Happy birthday to everyone having a birthday today.

Stacie Z joins the stream today. Please listen to the replay for her information

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.

IRAQI DINAR 💥 HUGE INCREASE IN DINAR VALUE | IRAQI DINAR NEWS TODAY | IR...

Iraq to Import Gas from Turkmenistan via Iran

 Turkmenistan and Iran have marked an agreement for the buy and offer of flammable gas in how much up to 10 billion cubic meters of gas each year, which will be provided from Turkmenistan to Iraq through Iran under a trade plot.

The negotiations between Turkmenistan and Iran, which took place this week in Ashgabat, resulted in the signing of the agreement. During the negotiations, a wide range of issues related to the expansion of cooperation between Turkmenistan and the Islamic Republic of Iran in the gas industry were discussed.

The Turkmen and Iranian sides are currently actively collaborating to put into action the agreements that were previously reached at the highest state level regarding the expansion of gas cooperation. As a result, Iranian businesses will work on the construction of a new 125-kilometer gas pipeline and three gas compressor stations on Turkmenistan’s territory in order to improve the infrastructure for transporting gas. These facilities are required in order to supply Iran with additional quantities of gas.

It is planned to increase the annual volume of gas supplied to Iran along the Dovletabad-Sarakhs-Hangeran routes and through the Chaloyuk gas measuring station to 40 billion cubic meters in addition to the capacities that are already in place.

According to Turkmenistan’s Foreign Ministry, the positive experience of joint activities in the supply of Turkmen gas to Iran and through its territory to third countries serves as a solid foundation for expanding the potential of bilateral partnership in this area.

ABOUT THE REGULATION OF THE E-COMMERCE IN IRAQ BY GOLDILOCKS

 GOLDILOCKS

His Excellency the Governor of the Central Bank of Iraq, Mr. Ali Mohsen Al-Alaq, chaired the meeting of the Diwani Order Committee (24079) to regulate e-commerce in Iraq with the participation of the concerned authorities." 

The meeting dealt with defining the service provider and granting a license. This procedure will be done through an electronic platform accepted by the Ministry of Trade. How this is to take place is through a "system paper" given to the Council of Ministers for approval.

This "regulation paper" will give detailed instruction on how to implement a procedure or policy. In this case, e-commerce is the topic of instruction, and specific details on how to move products through a standardized process will be very important. 

In this case, an e-commerce website will be created to fulfill the above requirements. This website will enable the process of selling physical goods, services, and digital products through the internet, and not, a brick and mortar building. 

An e-commerce website business will be able to process orders, accept payments, manage shipping and logistics, and provide customer service. 

Upon  approval of this system paper from the Council of Ministers, Iraq will be able to begin the process of interfacing their new banking reforms with e-commerce regulations. 

Watch the water.

© Goldilocks

https://cbi.iq/news/view/2612

https://iclg.com/practice-areas/digital-business-laws-and-regulations/usa#amp_tf=From%20%251%24s&aoh=17203859696480&referrer=https%3A%2F%2Fwww.google.com&ampshare=https%3A%2F%2Ficlg.com%2Fpractice-areas%2Fdigital-business-laws-and-regulations%2Fusa 

https://mailchimp.com/marketing-glossary/ecommerce-website/#:~:text=A%20website%20that%20allows%20people,logistics%2C%20and%20provide%20customer%20service.

https://academia.stackexchange.com/questions/48444/what-is-a-system-paper