Evening News with MarkZ. 06/24/2024

FRANK26….6-24-24……SUDANI CHECKMATE

SANDY INGRAM: BREAKING NEWS Protest Over Electricity Could Lead to Civil Unrest #iqd

Oil Continues Its Losses As Commodity Markets Are Affected By The Rise Of The Dollar, 24 JUNE

 Oil Continues Its Losses As Commodity Markets Are Affected By The Rise Of The Dollar

Monday 24, June 2024 08:38 | Economical Number of readings: 148

Baghdad / NINA / Oil prices fell in early Asian transactions today, Monday, for the second session in a row, affected by the rise of the dollar after renewed fears of the continuation of high interest rates for a longer period and the lack of risk appetite among investors.

By dawn today, Brent crude futures fell 40 cents, or 0.5%, to $84.84 per barrel, after falling 0.6% upon settlement on Friday. West Texas Intermediate crude futures also fell 39 cents, or 0.5%, to $80.34 per barrel.  The rise of the dollar raises the cost of purchasing oil denominated in the US currency for holders of other currencies.

But crude contracts rose by about 3% last week due to indications of increased demand for oil products in the United States, the world's largest consumer, as well as the continued implementation of production cuts in the OPEC+ group.

Oil prices received support from geopolitical risks in the Middle East due to the war in the Gaza Strip, as well as the intensification of Ukrainian drone attacks on Russian oil refineries.

]https://ninanews.com/Website/News/Details?key=1133787

"CBI decision to remove three zeros from the Iraqi dinar" BY MNT GOAT, 24 JUNE

 MNT GOAT

CBI decision to remove three zeros from the Iraqi dinar

Iraqi Central Bank chairman said that the deletion of three zeros from the Iraqi dinar will help in flourishing once again the Iraqi economy and the return of the Iraqi currency traded in international stock markets, the deletion of zeros restore Iraqi currency mind in periods of monetary turmoil and declining public revenues of the state at a time when the expenses increase, resort states often to print more of the local currency, leading to price hikes and the occurrence of high inflation, the need to cross categories with high currencies such as the one thousand and one million one hundred thousand … etc., and with every raise in the denomination as the economy enters the furnace of inflation.

Why delete the three zeroes from the Iraqi dinar

The aim of deleting three zeros from the currency of Iraq is one of the means to control the high inflation is monetary reform, coupled with a change in monetary policy by the old currency high Pfiadtha replacement of a new currency with lower categories so prices tend to decline, but does he have on inflation? The answer is no, because the elimination of inflation is required to follow state moderate monetary policy, an official at the Central Bank of Iraq and stressed that the Iraqi dinar will be the vital currency in global stock markets  and the central bank is currently discussing the principles of starting the project and its laws on the beginning of the project of the year 2017 and stressed that the new currency will not have a significant impact on the major currencies, but will raise the Iraqi economy.

Here is a video talking about the economic and banking reforms that are instituted already and those to come. Pay attention to it and see that it conforms to the 2011 Dr Shabibi plan and what they need now to execute it to the end. I set the closed captions for the english speaking USA.

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

Iraqi Dinar Set to Skyrocket - Inside the Push for IQD Revaluation | Ira...

Iraq approves the lending strategy, 24 JUNE

Iraq approves the lending strategy

Baghdad – Mawazine News
The Ministerial Council for the Economy approved, on Monday, the national lending strategy, while decided to hold a special session of the Council, in the Kurdistan region, to solve all outstanding economic problems.
This came during a meeting held under the chairmanship of Foreign Minister Fuad Hussein, the 18th session of the Ministerial Council for the Economy, in the presence of the Deputy Prime Minister, the Minister of Planning, the Ministers of Finance, Trade, Agriculture, Industry, Labor and Social Affairs, the Secretary-General of the Council of Ministers, the Governor of the Central Bank of Iraq, the advisers to the Prime Minister for Economic and Legal Affairs, the Chairman of the Securities Commission, and the Undersecretary of the Ministry of Oil.

The Council discussed, according to a statement received by the Mawazine News Agency, the paragraphs on its agenda and took the necessary decisions on them, and approved the request of the Ministry of Transport to refer the project of extending a railway between the city of Basra and the Shalamja port as far as it is related to the financial powers.

The Council approved the national lending strategy after the Governor of the Central Bank presented a summary of the strategy and what the bank implemented during the previous lending initiatives, and also decided to hold a special session to discuss all opinions, ideas and proposals for maximizing the state’s non-oil revenues.

The Council approved, according to the statement, that the General Company (Or) affiliated with the Ministry of Industry will purchase the damaged and damaged wires from the Ministry of Electricity and its formations in all for a price to be agreed between the two parties.
The Council reviewed the technical report prepared by the Ministry of Commerce on the reality and work of the civil mills, and decided to support the ministry’s measures to improve the quality of flour production provided to citizens as well as approve the transfer of ownership of the mills.
The Council also agreed to cancel the withdrawal of work from the company implementing the contract of Thahir (16) a spherical tank to reach the completion rates to final stages, and the Council decided at the request of the Ministry of Agriculture to open the import of winter crops (halana, carnabablo, lettuce, slgum and shunder).

https://www.mawazin.net/Details.aspx?jimare=250167