Wednesday, March 13, 2024
The Sudanese advisor reveals the reasons for the delay in releasing budget allocations, 13 MARCH
The Sudanese advisor reveals the reasons for the delay in releasing budget allocations
Today, Tuesday, the monetary counsel to the Top state leader, Mazhar Muhammad Saleh, uncovered the purposes behind not delivering the general spending plan portions as of recently, while affirming that the Service of Money isn’t deliberately deferring and that there are specialized issues that should be finished before the designations for governorates and services are delivered.
Saleh said, in a meeting with the , that “one reason for deferring the send off is the experience of the three sided general financial plan interestingly,” taking note of that “we hope to send off an intuitive financial plan given the steadiness of oil costs in the neighborhood markets.”
He proceeded, “The tension will be on venture spending for the 2024 financial plan, because of the absence of an excess from the 2023 spending plan,” bringing up that “there are numerous issues and holes in the records of tax avoidance and boosting non-oil uses.”
The Sudanese consultant finished up his discourse: ” Supporting key ventures is one of the objectives of the taxpayer supported initiative that should be kept,” adding that “the Service of Money doesn’t plan to postponement, and there are specialized issues that should be finished prior to sending off designations to governorates and services.”
The governorates and services are anticipating the arrival of the general spending plan portions to continue with the execution of the taxpayer supported initiative, in the midst of numerous issues, most outstandingly the emergency of local pay rates and their resettlement, as well as endeavors to add new position grades.
"RV UPDATE" BY FRANK26, 13 MARCH
Frank26
The transitional period is what you're experiencing right now...in the monetary reform.
Article: "Coordination Framework seeks early election to curb al-Sudani's growing popularity: analysis" Quote: "The Iraqi government is currently weighing the question of changing the currency so that the official cost of a US dollar will be 1.32 Iraqi dinars instead of 1,320 dinars. " Now do you understand why they left it at 1320 even though we suggested that they would take it to 1200 or 1000?In 2023.. America “Produces The Most Oil In The World” For Years, And Iraq Ranks Fifth,13 MARCH
In 2023.. America “Produces The Most Oil In The World” For Years, And Iraq Ranks Fifth
Energy Economy News _ Baghdad The United States of America continues to lead the world as the largest oil producer for at least the past 10 years, as it ranked first in 2023, as in previous years, while Russia came second, Saudi Arabia third, Canada fourth, and Iraq fifth.
The US Energy Information Administration said that the United States produced more crude oil than any other country at any time, and for the past six consecutive years, the average production of crude oil in the United States, including condensates, reached 12.9 million barrels per day in 2023, breaking The previous US and world record of 12.3 million barrels per day was set in 2019.
The administration indicated that the record for crude oil production in the United States in 2023 is unlikely to be broken by any other country in the near term because no other country has reached the production capacity of 13.0 million barrels per day.
The United States, Russia, and Saudi Arabia together accounted for 40% (32.8 million barrels per day) of global oil production in 2023, and these three countries have produced more oil than any other country since 1971.
Although the first place has changed among them over the past five decades. By comparison, the next three largest producers - Canada, Iraq and China - combined produced 13.1 million barrels per day in 2023, only slightly more than was produced in the United States alone.
According to the administration's statistics, Iraq ranked fifth in the world in terms of oil production, after America, Russia, Saudi Arabia, and Canada. - https://economy-news.net/content.php?id=41389
"QFS CONVERSATION WITH GOLDILOCKS" , 13 MARCH
GOLDILOCKS
"Global banks participate in large-scale blockchain pilot test"
No one can deny the fact that we are moving into a global digital economy at this point. When you have "...155 participants from 45 major organizations have settled real-world assets across 22 blockchains," you have a consensus model.
Major financial institutions such as Goldman Sachs, BNY Mellon and Cboe Global Markets completed a large-scale pilot test using blockchain technology. Yes, this included the Forex Market on the CBOE Exchange.
"Institutional investors executed over 350 simulated transactions via distributed ledger technology in areas such as tokenized assets, fund registry, digital cash, repo, securities lending and margin management on the Canton network."
The pilot test included:
* 15 asset managers
* 13 banks
* four custodians
* three exchanges
* and the Stablecoin issuer Paxos Trust.
“With the Canton Network, a digital bond and a digital payment can be composed across two separate applications into a single atomic transaction, guaranteeing simultaneous exchange without operational risk,” according to a press release from Canton. It added, “Likewise, a digital asset could be used in a collateralized financial transaction via connection to a repo or leveraged loan application.”
The Canton Network includes:
* Deloitte
* Deutsche Börse
* Microsoft
* Moody’s
* and S&P Global.
Folks, we have an operational Digital Global Monetary System. It has been tested and awaiting final touches on the digital payment system (stablecoins), messaging system, and crypto regulations to move through the legislative process.
If you have been doubting that the new Financial System is "digital," it's time to wake up.
© Goldilocks
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