...it is important to see and understand just what is really happening in Iraq and what has to change...
They need to peg the dinar to a basket to prevent these wide swings every time there is a hiccup in the oil market pricing of oil...
the value of the Iraqi dinar is already there...
they have large quantities of oil reserves...along with the other products ...gold stockpiles and the monetary CBI reserves, the assets can [make] the dinar rate far greater than 1/6 of a penny for a dinar...
they are still artificially suppressing the dinar and I believe they are still holding to this Obama/Biden foreign policy due to the economic war between Iran and the US, at lease for the time being.
The currency resetting has to take place as some point...
If you look at the Dr Shabibi plan to get to the reinstatement you can clearly see...he planned to put the brakes on after each step, then monitor closely for inflation... Folks the process is working…
PARLIAMENTARY COMMITTEE CALLS ON GOVERNMENT TO REFER OIL AND GAS LAW TO PARLIAMENT IMMEDIATELY
The Deputy Chairman of the Parliamentary Oil and Gas Committee, Adnan Al-Jaberi, called on the government today, Thursday, to expedite the referral of the Oil and Gas Law to the Council of Representatives, stressing that its legislation is an essential step to regulate the management of oil wealth and ensure the fair distribution of revenues between the federal government and the producing regions and governorates.
Al-Jaberi said in a statement to / Al-Maalouma / agency, that “the legislation of the Oil and Gas Law is a necessary step to regulate the management of oil and gas wealth in Iraq,” noting that “this law will contribute to guaranteeing the rights of the producing regions and governorates, in addition to developing a clear strategy for investing these resources in the long term.”
He explained,
“The law will protect oil wealth from different interpretations and interpretations, whether in the Kurdistan Region or in the producing governorates, and will work to resolve the existing differences between the federal government and the regional government, and control the relationship between the producing governorates and the center.”
He pointed out that “Article 112 of the Iraqi Constitution stipulates the necessity of regulating the oil and gas sector through the enactment of a special law, but the lack of a common vision and agreement between the federal government and the Kurdistan Region, as well as between the producing provinces and Baghdad, has prevented its approval so far.
” He stressed “the importance of reaching a consensus that guarantees the rights of all parties,” calling on the government to “refer the law to the Council of Representatives as soon as possible to ensure the fair and equitable regulation of oil revenues.” It is noteworthy that the approval of the oil and gas law was delayed for several parliamentary sessions due to political differences that prevented reaching a consensus on it.
GOLDILOCKS: Gold SHOCKS RV- Raises Value of Dinar, Dong and ALL Currencies
Highlights
Summary
In the latest episode of Goldilocks Global Banking News, hosted by Freedom Fighter, the discussion revolves around the current state of the currency exchange market, specifically focusing on the RV (Revaluation) and GCR (Global Currency Reset) processes.
The host shares crucial updates on the burgeoning digital asset banking system and emphasizes the importance of backing currencies with precious metals like gold and silver. As global economic uncertainty grows, the demand for these safe haven assets has surged, with many investors seeking to protect their wealth.
The video also highlights the expected market fluctuations as tariffs come into effect, the influence of gold and silver prices on market conditions, and the strategic positioning of assets in preparation for significant economic changes. Freedom Fighter encourages viewers to remain informed and engaged with the evolving financial landscape.
🌟 Gold as a Safe Haven: Gold is increasingly recognized as a critical asset for backing currencies in the new digital banking system.
📈 Surge in Gold Prices: The prices of gold and silver are reaching all-time highs due to heightened demand from investors and institutions.
⚖️ Impact of Tariffs: Upcoming tariffs are expected to create price pressures across all assets, necessitating a recalibration of market values.
💡 Gold’s Role in Economic Uncertainty: Gold tends to increase in value during times of market volatility and economic instability, serving as a protective measure for investors.
📊 Digital Asset Banking Transition: The transition to a digital asset banking system is underway, with commodities like gold and silver taking a leading role.
🔄 Market Dynamics: There is a negative correlation between gold prices and stock performance, which means gold often rises when stocks fall.
🔍 Preparedness for Economic Crisis: Emphasizing the need for protective mechanisms, the host advises viewers to be prepared for potential economic downturns.
Key Insights
📉 The Importance of Gold in Currency Backing: Gold is not merely a commodity; it is emerging as a cornerstone for the new banking system. The host underscores that without gold, there cannot be a viable RV. This connection between gold and currency stability highlights the asset’s essential role in financial security. Investors are increasingly recognizing that gold serves as a safeguard against inflation and currency fluctuations, reinforcing its value in the current economic climate.
🛡️ Investor Behavior Shifts Towards Safe Havens: The current economic landscape is marked by uncertainty, leading many investors to flock to gold and silver. This shift in behavior is indicative of a broader trend where investors prioritize asset safety over potential gains. Gold’s historical performance during economic downturns affirms its status as a reliable store of value, especially when other investments appear risky.
💥 Market Fluctuations and Tariff Effects: With tariffs set to take effect, the video discusses how they will introduce price pressures across various markets. This anticipated volatility underscores the need for investors to remain vigilant and adaptable. The host suggests that as tariffs impact asset pricing, the recalibration of values will be crucial in understanding market dynamics going forward.
🏦 Transition to Digital Asset Banking: The discussion highlights a significant shift towards a digital asset banking system, where traditional banking practices are evolving to incorporate digital currencies and assets. This transition is not simply a technological upgrade; it represents a foundational change in how wealth is managed and exchanged. Investors need to stay informed about these developments to navigate the new landscape effectively.
⏳ Navigating Economic Uncertainty: Gold’s reputation as a safe haven becomes even more critical as economic conditions fluctuate. The host advises that during crises, the value of gold often rises, providing a buffer against economic shocks. This insight is particularly relevant for those looking to secure their wealth during uncertain times, as it emphasizes the importance of strategic asset allocation.
📉 Gold vs. Stock Performance: The video examines the negative correlation between gold prices and stock performance, where gold typically appreciates when stock values decline. This relationship is vital for investors to understand, as it suggests that holding gold can act as a hedge against market downturns, reinforcing its role in a diversified investment portfolio.
🔄 Strategic Planning for Wealth Preservation: The host encourages viewers to think critically about their financial strategies in light of potential economic changes. By focusing on assets that can withstand market fluctuations, such as gold, individuals can better protect their generational wealth. This advice is especially pertinent as global economic conditions continue to evolve, and the importance of having a safety net becomes paramount.
In conclusion, this episode of Goldilocks Global Banking News serves as a call to action for viewers to educate themselves on the changing dynamics of the financial landscape.
The emphasis on gold and silver as foundational assets in the new digital banking system, alongside the anticipated impact of tariffs and market fluctuations, provides a comprehensive overview that encourages proactive financial planning.
The insights shared highlight not only the importance of asset allocation but also the need for a strategic approach in navigating an ever-evolving economic environment.
Iraq's National Investment Commission (NIC) has granted its first solar power investment license for a 1,000 MW project to France's TotalEnergies, marking what it described as a major step in the country's transition to renewable energy.
NIC Chairman Dr Haider Mohammed Makiyya [Makia] confirmed that construction work has begun at the Ratawi [Artawi] oilfield in Basra, following the financial closure of the project. The 9,000-dunam facility will house two million solar panels across four generation units.
Additionally, NIC is finalising requirements for a second 1,000 MW solar license for an Emirati company, with planned locations in southern and western Iraq.
FIREFLY:The governor of the Central Bank Alaq just announced that on Saturday there is an imminent transformation of banks..
.pointing out that Iraq will witness a comprehensive digital transformation in the financial sector. On a program rate?
FRANK: No not on a program rate. This is another indication, another hint, another clue that points in the direction of where we're going. All of this is preparation. All this preparation we are witnessing is not for a program rate and the world knows it.
