BONDHOLDERS COULD GET THEIR PAYMENTS BEFORE THE 2ND FROM MARZ @DINARREVALUATION

 

Call to establish a digital gold market in Iraq, 31 OCT

 Call to establish a digital gold market in Iraq

The economic and financial expert, Dr. Saif Al-Halfi, called for the establishment of a digital gold market in Iraq, the establishment of which requires cooperation between the Central Bank of Iraq, the Securities Commission, and the Iraq Stock Exchange, as it provides Iraqi investors with the opportunity to participate in the global gold market, which attracts additional investments to Iraq, and also enhances cooperation between the Iraqi banking system and international financial institutions.

Al-Halfi said that the Central Bank can issue digital gold bullion in different weights: 1 gram, 10 grams, 100 grams, approved by the government. These digital bullion can be traded on the Iraq Stock Exchange in the same way that stocks or bonds are traded, and through the market’s financial intermediaries system, where investors can buy bullion using local currencies or convert them into foreign currencies. 

He added that the market can be linked to global gold prices and currency exchange rates, which enhances transparency and interaction with the global market. A platform similar to the Forex markets can also be used to trade digital gold inside Iraq in the Iraq Stock Exchange, noting that gold prices will be determined according to global exchange rates for gold and foreign currencies. This will allow investors the opportunity to speculate on gold price fluctuations and link them to changes in global currency prices, which increases profit opportunities and creates many job opportunities.

Regarding the economic benefits, Al-Halfi said: Through this market, liquidity is withdrawn from the banking system, and the digital gold market can act as a tool to withdraw cash liquidity. Instead of keeping money in banks, investors may prefer to buy digital gold, which is a safe asset that maintains its value, protects the investor’s money from high inflation rates, reduces the money supply, which is the goal, and limits inflation.

He pointed out that the digital gold market contributes to diversifying the Iraqi economy, away from the traditional reliance on oil. The market can be a platform to encourage financial innovation and develop new investment tools, especially exploiting the opportunities of the Faw Port entering operation next year, and what it provides in terms of a large base for investors, especially individuals and companies, as well as the goal we seek on the path of development.

He pointed out that establishing a digital gold market requires a strong technical infrastructure, including secure electronic platforms and clear regulatory laws to protect investors’ rights. This will increase job opportunities, the ability to diversify and innovate, and the emergence of a start-up culture.

Al-Halfi explained that the digital gold markets aim to enhance transparency and ease in gold trading, and provide investors with a real opportunity to work, trade and speculate on gold prices without the need to own actual gold. When the investor wants to convert gold into bullion or jewelry, these foundations allow him to convert digital gold into bullion while paying mining and crafting fees. All of these products create real and comprehensive investment business opportunities, which creates and enhances a flexible and innovative investment environment in Iraq. 

Gold is one of the financial assets that has always been a safe haven for investors, especially in times of economic, political and regional turmoil. Here, with the global digital and financial development, new markets have emerged for digital gold trading, where gold can be easily bought and sold through electronic platforms. In light of these developments, it is possible to create a market for digital gold trading in Iraq, especially with the government’s trend towards establishing digital banks and strengthening electronic payment systems, especially the use of electronic payment cards.  link

NADER FROM MID EAST HIGHLIGHTS NOTES : UNDERSTANDING THE RELATION BETWEEN THE OIL PRICE AND THE ECONOMY OF IRAQ, 31 OCT

NADER FROM MID EAST

Summary

The speaker discusses recent changes in oil prices, emphasizing the need to lower the budgeted price from $70 to $40 due to market conditions.

Highlights

• 📉 Oil prices are currently high, affecting gas prices.
• 💼 The CBI chairman suggests lowering the price from $70 to $40.
• ⛽ Gas prices have reached around $50-$56 recently.
• 📊 Keeping oil priced at $70 could lead to financial losses in the future.
• 🌍 Anticipation of a decline in oil prices after geopolitical tensions ease.
• 💡 Adjusting the budget to reflect lower oil prices is necessary.
• 🔄 The goal is to align gas prices with updated rates for better financial planning.

Key Insights

• 📈 Current oil prices are unsustainable, indicating a potential market correction is needed to stabilize the economy.
• 🔍 The CBI’s proactive approach to adjusting oil prices demonstrates awareness of economic fluctuations.
• 🛢️ High gas prices directly impact consumer behavior and spending, leading to broader economic implications.
• 🔮 Future predictions suggest a downward trend in oil prices, influenced by geopolitical events, hinting at market volatility.
• 📑 Budget adjustments are crucial to avoid losses and ensure that pricing aligns with real market conditions.
• 🤝 Collaboration between financial institutions and government is vital for effective economic management during turbulent times.
• 🔗 Understanding the relationship between oil prices and the economy can guide better financial decisions moving forward.

NADER FROM MID EAST: Or the price on the budget will go for $70-$40 To work with the budget

The private sector has begun a new phase, 31 OCT

  The private sector has begun a new phase

Dr. Murtadha Al-Khafaji, a member of the Iraqi Businessmen Union, stated that the Iraqi private sector has begun a new phase that is different from the previous one, and it has become possible to rely on its capabilities to implement projects.

Al-Khafaji said: The projects implemented by the Iraqi private sector indicate the potential of local effort, which has become comparable to global effort, as local capabilities have been developed during the last decade. He added that Iraqi human resources have gained a lot of experience, through interaction with global expertise, which has worked in more than one economic aspect. He pointed out that national companies must occupy the appropriate place within the local labor market.  link

RV UPDATE BY TEXAS SNAKE, 31 OCT

 Texas Snake

It is now in pretty good opinion that between now and the day after election day, we will be informed about our appointment scheduled, so remain connected for update.

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TEXAS SNAKE

Fri. 25 Oct. 2024 Texas Snake

 Bankers are angry. Those in control of releasing the GO button for the Global Currency Reset didn’t give the announcement they were expecting.

 Especially since the redemption center people had been ready and waiting since 8:00 am.

https://dinarevaluation.blogspot.com/2024/10/bankers-are-angry-by-texas-snake-26-oct.html

SANDY INGRAM: Countries That Have Revalued or Adjusted Their Currency - IQD Compared ...