Reconstruction bonds are an important step whose interest should be increased, 2 DEC

 Reconstruction bonds are an important step whose interest should be increased

 
Money and business  Economy News _ Baghdad  The Ministry of Finance announced its intention to launch the second issuance of reconstruction bonds worth more than one trillion dinars, which can achieve a number of economic results, the most important of which is reducing high inflation rates and closing the budget deficit.
 
While specialists expressed their support for such steps, they stressed the necessity of raising the value of... The monetary interest specified for those bonds, with the aim of increasing the desire to acquire them, and thus absorbing the citizens’ accumulated cash mass.

The Ministry of Finance’s step comes after the launch of “Emaar” bonds during the previous month of September,
 
indicating that the new measure comes in implementation of the paragraphs of the government program related to enhancing the development and investment aspects represented by the reconstruction and construction movement that the country is witnessing,
 
in addition to developing financial and monetary policies and providing opportunities for citizens to contribute to the overall Economic activity through investment in bonds.
 
Despite the positives achieved by launching financial bonds, specialists believe that the only obstacle to such steps is the possibility that inflation will swallow up the annual interest on assets, and
 
therefore the interest rates allocated to these bonds should be increased.
 
The Ministry of Finance stated in a press statement,
 
“Given the strong demand for trading in national bonds (reconstruction bonds) and the full subscription of the first issuance amount, the Ministry, represented by the Public Debt Department, in cooperation with the Central Bank of Iraq, intends to make the second issuance of reconstruction bonds available at a value of 1.5 ( One trillion Iraqi dinars) and with the same mechanism previous to the first issue.  She added,
 
"This measure comes in implementation of the paragraphs of the government program related to strengthening the development and investment aspects represented by the reconstruction and construction movement that our dear country is witnessing, in addition to developing financial and monetary policies and providing opportunities for citizens to contribute to the overall economic activity through investment in bonds," noting that
 
"these bonds are issued Guaranteed by the Ministry of Finance, the
 
bond can be acquired by submitting an application to one of the official banks licensed and registered with the Central Bank.

The Ministry called on “investors and citizens to take advantage of the offer and take the initiative to benefit from this investment opportunity,” noting that “the size of this issue will be limited.”  She continued,
 
"The second issuance of bonds worth one and a half trillion dinars is tradable in the Iraq Stock Exchange,
 
and is available in two categories, the
 
first at a price of (500,000) five hundred thousand dinars, with an annual interest of 6% for two years, and the
 
second at a price of 1,000,000 million dinars, with an annual interest." 8% for four years.
 
The Ministry pointed out, according to the statement, that
 
“purchasing and trading of the bonds offered are exempt from taxes according to what is stated in the General Federal Budget Law No. 13 of 2023.”
 
In turn, the economic expert, Ali Jalil Obaid, believes that the interest on stocks for a period of 15 days is approximately 7.5%, which is higher than the interest allocated to bonds,
 
so it was logical to offer bonds with an interest rate of 10% as a minimum in order to avoid the impact of inflation.
 
Obaid pointed out that the first issue was subscribed to by private banks with high liquidity, and
 
most of these banks were satisfied and could not freeze much of the liquidity available for this purpose, indicating that
 
“bonds are traded like stocks in the Iraqi stock market, and
 
both are subject to the law of supply and demand.”
 
They are linked to the percentage of distribution of profits and annual interest,” explaining at the same time that
 
“bonds differ from stocks in that they achieve a fixed annual return.
 
As for stocks, their return depends on the company’s activity and efficiency, and
 
it is not required that they be distributed annually, nor is it required that the distribution rate be equal or similar.” every year".

The speaker stated that the
 
bond market in Iraq was not promoted and marketed, whether by the Central Bank or by the Iraq Stock Exchange, so you see that the
 
previous issues were acquired by the banking sector, indicating that the problem with this type of investment is that Inflation can eat up or swallow up annual interest.
 
In support of the previous opinion, the economic expert, Dr. Mahmoud Dagher, said during a press interview that
 
“encouraging work with these financial instruments requires that the interest rate be much higher than what was announced on the issue of financial bonds,
 
because if we subtract the inflation rate from the nominal interest rate, the result will be a low interest rate that does not It encourages and does not encourage engaging in bond purchases, and
 
therefore banks that have surplus funds in dinars will not resort to buying these bonds.”
 
While the President of the Iraqi Stock Exchange Investors Association, Dr. Alaa Al-Moussawi, confirmed that
 
“the issuance of reconstruction bonds comes in implementation of the Federal General Budget Law, which included the Ministry of Finance issuing government bonds to finance the Federal General Budget deficit, as this step will achieve a package of positive steps in addition to financing... Deficit, the most prominent of which is withdrawing part of the cash mass held by citizens outside the banking system and
 
using it to finance service and investment projects,providing job opportunities for citizens, increasing the domestic product and
strengthening the national economy, and contributing to reducing the rate of inflation by reducing the cash liquidity stored among citizens and contributing to preventing the prices of goods from rising. And services by reducing the demand for their purchase due to the decrease in cash liquidity among citizens, in addition to contributing to improving the exchange rate of the Iraqi dinar.”
 
https://economy-news.net/content.php?id=37993

Iraqi Dinar update for 12/01/23 - more Iraqi oil BY PIMPY

"RV UPDATE" BY BEARDED_PATRIOTUSA, 2 DEC

 Bearded_PatriotUSA

Telegram post 
12/1/23

Forwarded from Wolverine:

My friends stop sending me private messages if it’s true that it has started. 

Reno has started that is true. People with SKR I was told were paid.

Today might be a shotgun release which means the currency and bonds get release at the same time.

This is going to get very emotional when it happens and so I suggest to get those tissues and get that bottle of champagne.

This is all part of history and all of you are part of history.

The biggest transfer of wealth in the history of this planet is about to get started. 

Always remember where you were and what you were doing when it happens 

God bless you all 

Wolverine

JUDY NOTES, 2 DEC

 Judy Note: What we think we know as of Sat. 2 Dec. 2023:

Rumored Timeline

• At some point Project Odin Begins: Starlink EBS Active, X, New Financial System, 10 Day Movie, New Currency Rates effective, Trump Return.
• On Mon. 1 Jan. all gold/asset-backed currencies across the Globe would be on par 1:1 with each other; in the US Social Security benefits will be much higher and the SS R&R payments would start on a monthly basis.
• In three to six months the Rodriguez Trust will begin to administer “universal basic income” for citizens of all GESARA-compliant countries. The amount per individual or family will depend on the status, needs, employment level and age of the person/family and will work to encourage people to work if they can.
• 2030 was the deadline the Deep State Cabal set to have their Digital ID Great Reset of non-asset-backed currency in place. Then they could have power over the Peoples of the World through controlling individual bank accounts, what people can spend and what they can spend it on.

Global Currency Reset:

• Fri. 1 Dec TNT Call: Iraqis were being told that they have a sovereign country and currency. Iraqi Contracts and businesses were being paid in the new Dinar Rate today Fri. 1 Dec. The new rate was supposed to come out by Mon. 4 Dec, but it could happen any time after 4 pm Eastern today Fri. 1 Dec. The banks were told today that people who have SKRs with funds pending in their accounts will have access to the funds over the weekend.
• Fri. 1 Dec. Wolverine: Reno has started, that is true. People with SKR I was told were paid. Today (Fri. 1 Dec.) might be a shotgun release which means the currency and bonds get release at the same time. This is going to get very emotional when it happens and so I suggest to get those tissues and that bottle of champagne. This is all part of history and all of you are part of history. The biggest transfer of wealth in the history of this planet is about to get started. Always remember where you were and what you were doing when it happens. God bless you all. …Wolverine
• Thurs. 30 Nov. Mike Bara: Bond holders just got calls to verify their bank account information for payment.
• Thurs. 30 Nov. MarkZ: “Bond people have been told to have all their information updated by 3pm EST Thurs. 30 Nov….The tip from Mike Bara RV was that his bond people told him the RV will arrive by Friday 1 Dec.”
• Thurs. 30 Nov. Bruce: Tier4b (us, the Internet Group) exchanges were supposed to start on Fri. 1 Dec. Notification to Bond Holders were going out Thurs. night 30 Nov. and they should have access tomorrow on Fri. 1 Dec. Yesterday Wed. 29 Dec. Rates on Dinar and Dong were put out on Redemption Center screens that were terrific and they were even higher today. It is important that you set your appointment through an 800 number and go to a Redemption Center to exchange. The rates at the Redemption Center were much higher (as many as four time higher) than they were at the bank.
• Wed. 29 Nov. TNT Call: Iraqis were at banks opening accounts and getting electronic cards. The Three letter agencies are still saying the approval has been given and they are working it through the system and it could happen any minute between now and the end of the month Thurs. 30 Nov.
• Tues. 28 Nov. Bruce: Currency dealers will be changing their currency rates Wed. 28 Nov. night after midnight. A top Wells Fargo Bank source said Tier4b would be exchanging by Thurs. 30 Nov. of this week. Another source said Tier4b would be exchanging on Thurs. 30 Nov. On Wed. 29 Nov. the Sovereigns and Chinese Elders will be paid (starting overnight Tues. into Wed. overnight). Depending on how that goes will determine when Tier4b will be notified to set appointments. Restitution and Reclamation Allowances (in a lump sum payment) and a significant increase in Social Security starts the first week of Dec. for ages 62 and over. NESARA came in on Thanksgiving night 11-23-2023 at 11:11pm.
• Thurs. 30 Nov. American Patriot on Telegram: QFS: Many of the major corporations around the world have already begun the process of interfacing their networks together on the QFS. As Protocol 20 continues to test its system with these new technologies connecting to one another, we will witness an explosion of new services available to us on January 30th, 2024 providing the vote to move forward with Protocol 20 is agreed upon.
• https://dinarchronicles.com/2023/12/02/restored-republic-via-a-gcr-update-as-of-december-2-2023/

Digital dinar instead of cash dollar.” These are the most prominent gains of electronic payment, 2 DEC

 Digital dinar instead of cash dollar.” These are the most prominent gains of electronic payment

Today, Friday (December 1, 2023), the Prime Minister’s Advisor for Financial Affairs, Mazhar Muhammad Salih, explained the benefits of adopting the electronic payments system in transactions inside Iraq.

Saleh said in a statement received by Baghdad Today, “The cash payments system is linked to a high degree of certainty whenever payments are made by electronic or digital means, which provides an indicator of liquidity in the banking system and reduces the degree of uncertainty in banking liquidity.”

He explained that "the payments system provides sufficient information about the flow of cash into the banking system, makes clear the amounts of paid and accumulated amounts, and indicates their actual balances at all times during the banking working day. Conversely, in light of the monetary systems that rely on direct cash payment, banking liquidity management policies surround themselves." With additional hedges of idle liquidity in order to protect against liquidity risks.

Saleh stated, “This matter disrupts part of banking operations and credit in particular, so as electronic payments increase as a behavior in daily dealings, the management of the cash mass and its flow in the banking system will be subject to the rule of clarity in cash management and then directing bank credit towards profitable areas by expanding... Credit activity provides efficient use of the cash supply, as well as a decrease in the rate of cash leakages outside banks, which means that a structural change in the behavior of cash demand among individuals and at banks will tend towards a decline, due to dealing with electronic payment systems that are linked to bank accounts.”

He stressed, “The development of the payments environment and its transition from a direct cash environment or cash payment in payment and receipt operations to the use of electronic payment will, in all cases, reduce the risks of local cash payment in currencies other than the dinar and distance the national economy’s transactions from cash payment in foreign currency, because payment systems Digital does not allow transactions in the local economy in anything other than the dinar, that is, the national currency, and certainly the economy’s tendency in its transaction payments is to (the digital dinar) instead of (the cash dollar), whose transactions in internal settlements are legally rejected completely by virtue of the principle of monetary sovereignty of the Iraqi dinar. link

New country joins OPEC Plus alliance, 2 DEC

  New country joins OPEC Plus alliance

Baghdad Today - Follow-up

The OPEC+ alliance announced Brazil's access to the oil alliance starting in January 2024, according to a statement issued on Thursday by the 36th OPEC ministerial meeting of oil exporting countries and their allies.

Oil markets have been waiting over the past few weeks to learn about the outcome of the meeting of the ministerial follow-up committee of the "OPEC+" alliance, which was postponed for four days and held virtually today, especially after oil prices lost nearly 15 % of their peak reached in September. September.

Saudi Crown Prince Mohammed bin Salman received on Wednesday in the capital Riyadh, President of the Federative Republic of Brazil Luiz Inácio Lula da Silva, where they reviewed bilateral relations, enhanced joint cooperation, discussed investment opportunities, as well as regional and international developments, according to the Saudi Press Agency.

OPEC+ delegates earlier said Brazil was ready to join the alliance, but a Brazilian official said it was still studying the benefits. The move would draw one of the most important new oil sources affecting global supply growth to the coalition, which is tightening production restrictions.

According to S&P Global data, Brazil's oil production is about 3.2 million barrels per day, and its exports averaged 1.8 million barrels per day in the third quarter of this year, an increase of 40% from the same period in 2022. Higher-than- Expected production growth in Brazil and the United States is helping lift global supply by 1.7 million bpd this year to a record high, according to the International Energy Agency.

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