Trade: Opening two marketing centers in Baghdad and a plan to establish marketing centers in all governorates, 29 JAN
The General Company for Foodstuff Trade in the Ministry of Commerce announced today, Sunday, the opening date of two marketing centers in Baghdad, which will be opened during the holy month of Ramadan. It is expected that these two centers will be “hypermarkets,” and their locations will be determined on the Karkh and Rusafa sides of the capital.
The company's general manager, Lama Al-Moussawi, in an interview with the official agency, followed by NRT Arabia, indicated that a plan has been drawn up to establish marketing centers in all governorates, which will be opened successively, and that at least one marketing center will be opened in each governorate.
She explained that the number of food marketing centers in Baghdad will reach 4, while the number of central markets will reach 3, indicating that a series of marketing markets will be opened during the year 2024 in Baghdad and the governorates, respectively. link
Let’s take a closer look today on what’s happening in March and on March the 11th, 2024 in particular.
We already know that the Feds are doing away with the Bank Term Funding Program in March. This will deplete liquidity availability for the banking system going forward.
There is the option of lowering interest rates that will give our money more purchasing power at that time. Lowering interest rates would provide more cash flow, but will it be enough? With the amount of debt that the US owes, economists across the board say the answer to that question is no.
So, we are left with two more options. One is to use up the rest of our Repo Market liquidity program that is expected to run out by the end of this year.
This leaves us with one other option. To increase the price of gold and other commodities that are being used to back our new tokenized asset based system.
March is a turning point, a reversal point, and a pivotal point in our Global Economy. Gold has always been the bridge into new economies, and it is our pathway into the road ahead.
The use of gold in liquidating the new economy will create the acceleration and adoption of a new digital economy backed by the commodity market across all sectors of the market.
Look for new ETFs on several digital asset classes to be accelerated during this time. Movement into the new digital asset-based trading system will synchronize our banking system with our markets.
This will give us new Digital Network Protocols that are standardized and regulated under the support of gold inside our new digital economy.
All roads lead to gold, and gold will set us free.
Baghdad hosts the Iraqi-Jordanian Economic Integration Forum
The Ministry of Commerce announced, on Saturday, the completion of procedures for hosting the activities of the Iraqi-Jordanian Economic Forum next Monday and Tuesday, in the presence of economists, businessmen, industrialists, and Iraqi and Jordanian government institutions.
The ministry’s official spokesman, Muhammad Hanoun, said in a statement, a copy of which was received by {Al-Furat News}, that “the capital, Baghdad, will host the activities of the Iraqi-Jordanian Economic Forum next Monday and Tuesday in the presence of economists, businessmen, industrialists, and Iraqi and Jordanian government institutions, to discuss ways to advance cooperation and economic integration between the two countries.” “In order to enhance economic relations and achieve integration and cooperation in various fields.”
He added, "The forum, which is being held under the auspices of the Minister of Commerce, Atheer Daoud Al-Ghurairi, and is attended by Iraqi and Jordanian economic figures representing the public and private sectors in the two countries, aims to strengthen economic relations between the two countries, address business obstacles, and develop treatments and solutions for them in a way that strengthens relations and achieves integration between these institutions to achieve" Cooperation and increasing the volume of trade and economic exchange.” link
FIREFLY:Saying 9 Iraqi officials arrested for extreme wealth from corruption. FRANK: Sudani is going all out...this is amazing...You're busted!
FIREFLY: Sudani is on TV saying Iraq is on the verge of a transformation process.
FRANK: Every day Sudani is joining in the direction of your new exchange rate and your new national currency. He tells you there's a new direction occurring, yeah, from a program rate to an international rate.
FIREFLY: Television is showing Parliament Finance committee saying weare close to closing the parallel market and solving the dollar exchange rate. FRANK: How many ways can they tell them?
FIREFLY: Channel One TV is saying we just overtook and stopped the most dangerous and most corrupt organization that has ever stolen dinars. They stole over 1 trillion dinar...individuals arrested and groups have been stopped.
FRANK: The money was recovered...This is the phase of the monetary reform right now, to recover this type of money, to be in position to float internationally...
FIREFLY: TV showing the meeting in Davos with CBI governor, IMF, World Bank and Sudani have shortened the time on financial and banking reform. They're saying it's a shorter time expected now to complete the reforms .
FRANK: He is telling you they are very very close to giving you the new exchange rate with the lower denoms ...What happened at Davos put the monetary reform on light speed.
FIREFLY: On the economic news an economic specialist is saying Iraq needs to use a basket of currencies to add value to the dinar against the dollar.
FRANK: Sudani sends out another expert in the financial field that you know and trust...Exactly what we've been telling you. This is the next phase IOO... This is the most powerful part of the monetary reform education to you as an Iraqi citizen...The basket of currencies is required in order to add value to the Iraqi dinar.
They will never talk to you about something that needs to be done. They will talk to you about it after it is done. That is what is called the float and that is what is going to take you back to your RI. Your currency rate has to be reinstated back to $3.22 but that's the international side of Iraq...
The goal of the CBI is to reach the Real Effective Exchange Rate. In doing so it adds value to you even thought it's 1 to 1 in country...It will stay at 1 to 1 to the American dollar in Iraq but you will finally have your purchasing power that you have long waited for.
FIREFLY: Channel One TV is saying we just overtook and stopped the most dangerous and most corrupt organization that has ever stolen dinars. They stole over 1 trillion dinar...individuals arrested and groups have been stopped.
FRANK: The money was recovered...This is the phase of the monetary reform right now, to recover this type of money, to be in position to float internationally...
FIREFLY: TV showing the meeting in Davos with CBI governor, IMF, World Bank and Sudani have shortened the time on financial and banking reform. They're saying it's a shorter time expected now to complete the reforms.
FRANK: He is telling you they are very very close to giving you the new exchange rate with the lower denoms...What happened at Davos put the monetary reform on light speed.
FIREFLY: On the economic news an economic specialist is saying Iraq needs to use a basket of currencies to add value to the dinar against the dollar.
FRANK: Sudani sends out another expert in the financial field that you know and trust...Exactly what we've been telling you. This is the next phase IOO... This is the most powerful part of the monetary reform education to you as an Iraqi citizen...The basket of currencies is required in order to add value to the Iraqi dinar.
They will never talk to you about something that needs to be done. They will talk to you about it after it is done. That is what is called the float and that is what is going to take you back to your RI. Your currency rate has to be reinstated back to $3.22 but that's the international side of Iraq...
The goal of the CBI is to reach the Real Effective Exchange Rate. In doing so it adds value to you even thought it's 1 to 1 in country...It will stay at 1 to 1 to the American dollar in Iraq but you will finally have your purchasing power that you have long waited for.
Iraq Seeks To Strengthen Its Naval Fleet With 13 Ships
Economy - 01/27/2024 Mawazine News – Baghdad
The Ministry of Transport confirmed today, Saturday, its endeavor to keep pace with the development road and Al-Faw port projects by strengthening its naval fleet with new ships and vessels, confirming an approach to the Ministry of Planning in order to begin manufacturing 13 of them, while pointing out that the maritime transport company has obtained an entry permit to all the world’s ports. .
The Ministry’s media office said in a statement received by Mawazine News: “The Ministry is keen to strengthen its naval fleet with new ships and ships, and the Ministry of Planning was approached regarding the manufacture of 13 ships for the General Maritime Transport Company’s fleet, six of which are within the investment budget, two for operational and five for the loan.” "Japanese."
He added, "We own six ships, three of which have a capacity of 14,000 tons, one of which has a capacity of 10,000, and two of different tonnage."
He pointed out, "The Ministry is in the process of holding new discussions to strengthen its fleet to keep pace with the Development Road and Al-Faw Port projects, as well as Umm Qasr, and the General Maritime Transport Company has obtained entry permission to all ports of the world."