Coffee with MarkZ, joined by Dr. Scott Young. 04/05/2024

The Securities Commission Calls On The Central Bank To Launch Lending Initiatives, 5 APRIL

 The Securities Commission Calls On The Central Bank To Launch Lending Initiatives

Economy News – Baghdad  Chairman of the Securities Commission, Faisal Al-Haims, called on the Central Bank to launch development initiatives to support the real estate, industry and agricultural sectors.

Al-Haims said in a television interview followed by “Al-Iqtisad News” that he “chaired a committee formed by the Prime Minister, to provide solutions to banks that are prohibited from using the dollar in their daily transactions,” noting that the committee had submitted recommendations to the Ministerial Economic Council that included launching development lending initiatives by The Central Bank, and activating the national exchange for banks that are prohibited from using the dollar.”

He added, "The recommendations also included the use of gold and other commodities in settling financial transactions between banks prohibited from using the dollar and foreign banks."

Views 84  04/04/2024 - https://economy-news.net/content.php?id=42185

"RV UPDATE & BANK STORY" BY GINGER, 5 APRIL

 GINGER

Thurs. 4 April Ginger

 I’m sharing this for what it’s worth. This hasn’t been triple-examined by me yet, but given the movement I’m hearing about with the GCR side – fines and sanctions, farm claims, CMKX payments rumored to be starting – I’m encouraged. These are the steps necessary before moving to Level 4B. Personally I think Friday is too early, prematurely. 

But that’s just my opinion. Take it or leave it. However, I do know for a fact that Reno is not even considered to be on “high alert” yet, as of Wednesday 4.3.24, for Tier 3 bond payments. That’s why I encourage everyone to stand firm and watch the positive movements for what they are: necessary stepping stones. Hang there!

"GINGER BANK STORY" , 17 MARCH

 Fri. 15 March Ginger Bank Story

 “My Chase/JP Morgan Wealth Manager guy was transparent, knew what was going on, shared info, and admitted he had foreign currency and how he was focused on humanitarian needs. I am really surprised he admitted what he did.”

----

 Ginger Q & A: 

Ginger: “Recent rumors that Asia & South America paymasters got the green light for liquidity on Tues. 3 March.”

 Member: “This is great news! Is it only for people in Asia, Colombia/Brazil that got the green light? What about people that have historical bond on T3 in Switzerland? Should they also get the green go light?” 

Ginger: “Please think of this Event like a “human Wave” at a football game. It’s gotta start somewhere…but it’ll get to you and me as we watch it move across the entire stadium – a Global Event which reaches everyone.”

SOURCE: DINARCHRONICLES

"RV UPDATE" BY WOLVERINE, 5 APRIL

 Wolverine

Thurs. 4 April Evening Wolverine: The below from Bruce is what I was told yesterday which I shared to only a few as I wanted a confirmation and it looks like Bruce has it: Bruce on Thurs. 4 April: “#21 guy got word that Tier3 bondholders have been started, and should get emails sometime tomorrow  Fri. 4 April, as to where they are what is going on, telling them about their liquidity. 

 Paymaster said that activity in Reno is off the charts. They have added security is that they are at the place where bond holders are doing their KYC and they are adding security for that process. This is significant. Another person called and said that this is right on top of us.”

Thurs. 4 April Morning Wolverine: Latest information on Tier 3 progress. Shared with permission from an anonymous contact who is connected to Tier 3 bonus groups. Anonymous Friend: I just talked to one of my contacts. He said that tomorrow, April 4, there will be a large Zoom meeting involving many banks and payers. He thinks they will discuss how everything will go; And he believes the green light with notifications could happen late Thursday night or possibly Friday.

"IMPORTANT IRAQ NEWS: SANAD: WASHINGTON IS BLACKMAILING BAGHDAD WITH DOLLARS, AND THE SUDANESE GOVERNMENT MUST END THE SANCTIONS FILE" BY MNT GOAT, 5 APRIL

SANAD: WASHINGTON IS BLACKMAILING BAGHDAD WITH DOLLARS, AND THE SUDANESE GOVERNMENT MUST END THE SANCTIONS FILE

Independent MP Mustafa Sanad called on the government of Muhammad Shiaa al-Sudani to expedite discussions on removing foreign forces.

Sanad said in a televised interview followed by Mawazine News: “The Iraqi government must strongly adopt the Iraqi files, and the most important of these files are the foreign presence file and the banking file, stressing that there are Iraqi banks that were contributing to the activity of the economic cycle and were closed by Washington.”

He added, “The existence of some violations among these banks does not require closing them and assigning Jordanian or Gulf banks to carry out their work, and this is considered the biggest mistake.”

He pointed out that “the US Federal Reserve has reduced the pumping of dollars to Iraq in the recent period, and we hope that this file will be discussed during the Sudanese’s upcoming visit to Washington.”

https://mntgoatnewsusa.com/latest-mnt-goat-newsletter/

U.S. Dollar To See 'Demise', This Is How Central Banks Are Preparing | S...

Oil Prices Rise With Indicators Of Economic Growth In America, 5 APRIL

 Oil Prices Rise With Indicators Of Economic Growth In America

Energy   Economy News _ Baghdad  Oil prices rose in early Asian trading, Thursday, amid fears of supply shortages as major producers continue production cuts, along with indicators of economic growth in the United States, the world's largest oil consumer.

Brent crude futures for June rose 15 cents, or 0.2 percent, to $89.51 per barrel at settlement by 00:37 GMT.

US West Texas Intermediate crude futures for May also increased 15 cents, or 0.2 percent, to $85.59 per barrel.

The June Brent contract and the May West Texas Intermediate crude contract recorded gains over the past four days and closed on Wednesday at the highest level since the end of October.

Oil prices rose after Ukrainian attacks on Russian refineries led to a reduction in fuel supplies, and amid fears that the war between Israel and the Palestinian Islamic Resistance Movement (Hamas) in Gaza may extend to include Iran, which could lead to disruption of supplies in the Middle East region.

Senior ministers of the Organization of the Petroleum Exporting Countries (OPEC) and allies, including Russia, at a meeting held on Wednesday kept oil production policy unchanged and urged some countries to strengthen compliance with production cuts.

The meeting stated that some members will compensate for the increase in supplies in the first quarter.

Views 61  04/04/2024 - https://economy-news.net/content.php?id=42177