"IRAQ UPDATE: Iraq has now positioned itself to engage more fully in international trade" BY GOLDILOCKS AND ANALYSIS OF ARIEL, 26 JUNE

  Breaking News

Iraq Update From

@Goldilocks

CFTC Announcement: "Washington, D.C. — The Commodity Futures Trading Commission Open Meeting scheduled for Monday, June 24, 2024, was cancelled. The matters under consideration have been completed through the Commission’s seriatim process." Let's take a close look at what has been completed. * "Final capital and financial reporting comparability determinations and orders for certain nonbank swap dealers domiciled in Japan, Mexico, the European Union (limited to France and Germany), and the United Kingdom * Applications of ForecastEx LLC for Registration as a Derivatives Clearing Organization and a Designated Contract Market" The first item on the list above that was completed dealt with Cross-Border applications of Swaps Provisions. Capital and Financial reporting is being allowed by non-U.S. swap dealers and market participants (MSPs) that meet agreed upon standards with their home jurisdiction's regulations instead of the CFTC's. You can look at the list above of Nations that qualify. The reason for the above being so important is because of the following procedures. These swap execution facilities have to be registered to operate as derivatives clearing organization that will allow global access to foreign currency exchanges and other financial instruments of interest. The final item deals with designating contracts. Designated Contract Markets (DCMs) are exchanges that list trading futures or option contracts that are based on all types of commodities. And this, comes under the Commodities and Futures Trading Commission (CFTC) and their governance. Compliance Date: -Effective July 13, 2023. -Derivative Clearing Organizations DCOs must comply by July 12, 2024. (See Federal Register link below) The completion of these swap dealer compliance issues in the Forex Market comes at a time when Iraq has just completed their requirements on phase one of their economic reforms. Phase one is a completion of reforms that have now qualified Iraq for international trade. © Goldilocks ------------‐----------

ARIEL My Views Compliance Dates: July 13, 2023: Effective date for new rules. July 12, 2024: Deadline for DCOs to comply with these regulations. Cross-Border Applications of Swaps Provisions Capital and Financial Reporting: Non-U.S. swap dealers and major swap participants (MSPs) from Japan, Mexico, the European Union (specifically France and Germany), and the United Kingdom can use their home country’s regulatory standards for capital and financial reporting instead of the CFTC’s standards. Significance: It appears this harmonization allows for smoother international operations and reduces the regulatory burden on foreign entities, facilitating more robust cross-border trading and financial stability. By completing these reforms, Iraq has now positioned itself to engage more fully in international trade. This is crucial because it means Iraq’s financial and economic systems are now recognized as stable and reliable enough to participate in global markets. Global Financial Integration: The CFTC's decisions about capital and financial reporting standards for non-U.S. swap dealers, and the registration of new entities like ForecastEx LLC, are part of broader efforts to harmonize global financial regulations. This harmonization facilitates smoother and more secure cross-border transactions. Market Access: With the completion of phase one reforms, Iraq can now access global financial markets more efficiently. The standardized reporting and compliance frameworks make it easier for Iraqi financial institutions to interact with their counterparts in other countries. Foreign Investment: The reforms signal to international investors that Iraq is a stable and viable market. This can attract foreign direct investment, which is crucial for rebuilding and expanding Iraq's economy. Alignment with Global Standards: The July 2024 deadline is significant because it marks the point by which global financial entities, including those in Iraq, must comply with new international standards. Iraq’s reforms are designed to bring its financial practices in line with these global standards, facilitating smoother integration into the international market. Economic Reforms: Iraq has been implementing economic reforms to stabilize its economy and align with international standards. A new exchange rate could reflect these reforms and make Iraq more competitive in global markets. Global Integration: Adjusting the exchange rate could facilitate Iraq’s integration into the global financial system, making it easier for international trade and investment.

Iraqi Dinar | US Treasury Finally Change The Rate Of Iraqi Dinar | Iraqi...

"HEY PARLIAMENT... THEY'VE BEEN DOING THAT " BY FRANK26. 26 JUNE

 KTFA

FRANK26: "HEY PARLIAMENT... THEY'VE BEEN DOING THAT "...F26

A parliamentary committee recommends that the Ministries of Finance and Planning issue instructions for implementing the 2024 budget schedules

6/25/2025

 

Baghdad

 

Today, Tuesday, the Parliamentary Finance Committee recommended the Ministries of Finance and Planning to release instructions for implementing the 2024 budget schedules, while indicating that all appeals are normal and did not rise to the rejection of some paragraphs.

Committee member Nazem Al-Shibli said in an interview with the Iraqi News Agency, followed by Al-Iqtisad News, that “the budget is considered effective after its publication in Al-Waqa’i newspaper, but it needs instructions issued by the Ministries of Finance and Planning in order for it to be clearly implemented in the ministries, agencies, and governorates,” explaining that “the budget does not There are no complaints and appeals every year, but the court is the one that decides the validity of implementation or legislation.”

He added that "the court will hear all appeals," pointing out that "the budget is subject to appeal in the event of any party objecting to a part of it," noting that "all appeals are normal and do not rise to the rejection of some paragraphs."

It is noteworthy that the House of Representatives voted earlier on the amended schedules of the Federal Budget Law No. (13) for the year 2024 and its annexed schedules (A/B/C/D/E/F).

LINK

"ABOUT CHINA CONTROLING THE GOLD PRICE" BY MIKECRISTO, 26 JUNE

 MIKECRISTO

China now uses interest rates on their gold reserves to weaken the yuan against the dollar, which drives the value of China’s exports higher (China exports more than the U.S.) While having a stronger U.S. dollar drives the value of American exports lower. (The U.S. exports less) China doesn’t care about their stock market, It cares that their citizens have jobs and are working, hence China’s export market. --

What did China just do? They weakened their currency which lowered rates on the yuan 10yr. China controls the gold price through interest rates.

Quote

Gary Savage

@garysavage1

·

6h

If gold drops below $2303 it will signal a failed and left translated daily cycle in progress with many weeks to go still before the next bottom will be due. Those that listened to me with an open mind and took profits will have plenty of cash to deploy at that bottom and huge

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Iraqi Dinar | Iraq's Banking Revolution: New Exchange Rate, Lower Notes,...

A representative points out 7 controversial points that stand before the legislation of the oil and gas law, 26 JUNE

 A representative points out 7 controversial points that stand before the legislation of the oil and gas law

 Member of the Parliamentary Oil and Gas Committee, Representative Ali Al-Mashkoor, confirmed on Tuesday that seven points of contention between the region and the center stand before the legislation of the oil and gas law, indicating that the seven points are administrative and technical.

Al-Mashkoor said in a statement to the Maalouma Agency, “The dialogues between the center and the region regarding agreement on the oil and gas law are still continuing between the technical and administrative committees to discuss the paragraphs of the law proposed by both sides.” “

He added, "The disputed legal materials are summarized in seven points and are distributed between administrative and technical, the most prominent of which is the region's demand to include a clause in which the right of objection (veto) on decisions should be in a small percentage, and this matter is unacceptable by the center.”

Al-Mashkoor pointed out that “no decision can be issued except in the interest of the region at the expense of the general interest of the country.” link

"GINGER CONFIRMS WHAT MR. SALVAGE SAYS" FROM GINGER LIBERTY LOUNGE TELEGRAM ROOM, 26 JUNE

 💢 Liberty Lounger Extraordinaire, Mr Salvage, shares update he's gleaned on a conference call sourced from Brazil.

 He's taken the time to translate the call into Spanish 

(his native language) and kindly delivers us a brief summary in English. Mr Salvage is a very kind and trustworthy friend to me and GLL! 🙂

 After reading his notes, I can confirm this info and agree for the most part. Accurate. Please consider this quadruple vetted by Ginger. ✅ Late night 6.25.24 

💢Mr Salvage:  FLASH NEWS FROM BRAZIL: ⬇️

· Tier 4A and Tier 4B are ready to receive the notifications 

· The USA is under pressure to release NESARA

· Wells Fargo and HSBC are in high alert

· All transactions are under military supervision 

· All paymasters are ready and funded 

· All notifications will be launched globally 

· All funds will be dispersed globally

· The RUMOR is that they are expecting this to happen during the week. 

💢✅ "Gintel" - Ginger adds - my personal feeling from my own digging, I expect it will be just after July 4th - or a little bit beyond, although you know I strongly dislike giving dates and never do. ➡️💡 I reserve the right to move this after further examining future developments as they play out. This is entirely what it depends on. 🙂⬅️ Latest report from my friend connected with Admiral's team, Reno still remains on Alert - but not High Alert YET. I'll let you know when this changes. 🌺

✅➡️ I, Ginger, respectfully ask you to please remain grounded. Observe but don't absorb dates / time frames. Keep an eye on the fundamentals. I'm still waiting for certain required 'mile markers' to happen, personally, to be honest. You may query my list of "non negotiables" 🔍/ markers on my channel to avoid asking me what these are, please. 🙂🙏 I'm very optimistic, though.😁🌺

~ Ginger of the Liberty Lounge - Ambassador for God's Abundance with the Alliance