Dinar Recaps Blog Page — Dinar Recaps (2024)

TNT:

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

HappyWelshGuy: RV Update - The Truth

Tony, is quite correct the RV will happen soon.......But not yet

This is what is really happening...

There is a carefully, orchestrated plan in effect, that is being meticulously monitored

Tier # 1 and Tier # 2 is currently being financially hydrated

When this is completed to the satisfaction of the Alliance then and only then will Tier # 3 be financially hydrated

When this is completed to the satisfaction of the Alliance then and only then will Tier # 4 (US) the internet group be financially hydrated

Everything is currently "On Track" and moving to expectation

If everything continues to expectation, then Tier # 4 should be financially on or about JUNE 15th with a back wall of July 4th

It is "NOT" going to happen today, tomorrow or this month

However, Tony is right

It will be our time soon

Nothing will stop this except for a 911 type event

Remain positive and in anticipation

My source actually sits on a special committee formatted for the very specific purpose of the timing of the revaluation to take place

June 15th, is not that far away so remain patient and be in expectation

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Fuze: Don't get me wrong, it is possible this could extend to early June but the point is, it's suspicious for the reasons stated in this widely distributed all of a sudden mysterious source. There is legitimate Intel from literally the horses mouth that June was a best Target month of Dr. Shabibi (bless his sole) why?

Because he said " the "project to delete the zeros with the rate change should be done at the beginning or middle of Iraqs fiscal year" FOR ACCOUNTING purposes!

June is the middle of their fiscal year at present. In addition, one time in the past when the project was postponed in 2012 it was earmarked to go June 2013 according to a declassified MOF document and US Congressional Report.

These are well documented facts in video format and documents from non Maliki, non social media credible sources!!! So early to mid June would not be a surprise,

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Tishwash: Economist: We are experiencing a good financial year and the rise in salary expenses must be reconsidered

The economic expert, Safwan Qusay, considered Iraq’s fiscal year “good,” while stressing the need to reconsider the rise in salary expenses.

Qusay said, during his hosting of the program {Free Speech} broadcast by Al-Furat satellite channel this evening, that: “

The Ministry of Finance is required to assume that the project that it cannot finance is a source of income that is subject to investment. link

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CandyKisses: Sudanese arrives in Najaf to open projects

Iraqi Prime Minister Mohammed Shia al-Sudani arrived on Tuesday morning in Najaf province.

According to his media office, the visit is part of a series of field visits to the governorates.

In a subsequent statement, his office indicated that al-Sudani had launched the executive work on the upper threshold garage project, which is multi-layered (Najaf Grand Garage) in the center of the city.

Al-Sudani also launched the work of the tablet glass production project in Najaf Industrial City, the first project of the sovereign guarantees initiative for the private sector, with a production capacity of 800 tons per day.

Al-Sudani also launched the executive works in urban development projects for the southwestern side of the Haidari courtyard, during his visit to the city of Najaf.

Al-Sudani stressed that the visit to Najaf comes within the periodic visits to all our governorates to follow up on the progress of services and implement priorities in infrastructure projects and economic development, in addition to the province's privacy that necessitates attention and dedication to it.

The Prime Minister indicated that infrastructure projects have a great deal of attention, and there will be follow-up by specialized teams present in the governorate for the purpose of overcoming obstacles, noting the development of additional financial allocations to the governorate, and that there is a follow-up to the lagging projects that are being completed, as the focus is on infrastructure and service projects, because they are the basis of any development process.

He explained that the multi-storey garage project comes in line with the government's vision to alleviate urban problems in the center of Najaf, including improving infrastructure, using renewable energy, sustainability of the green environment, and facilitating and streamlining the movement of visitors and serving them.

Al-Sudani announced the approval of a package of important projects related to the threshold, which were included in the 2024 budget tables, namely:

- The project of expropriating buildings located on the southern side of the Holy Shrine, at a cost of 65 billion.

- The project of Al-Afaf Women's Hospital, at a cost of 10.312 billion.

- Carpet washing project for the Haidari plate, at a cost of 3.406 billion.

- A project of acquisitions for the development of the southern side of the Haidari courtyard, at a cost of 75 billion.

- The project of constructing the tunnel of the Prophet (PBUH) 12 billion.

- Tusi tunnel project, farewell square, at a cost of 16.4 billion.

- Adaptation of the Haram and Abu Talib Gallery, at a cost of 11 billion.

- Equipping Al-Afaf Hospital, at a cost of 11 billion.

It is noteworthy that the multi-storey garage project (Najaf Grand Garage) consists of eight floors and a capacity of 2,500 wheels, and includes 4 parts, and the standard of preserving the architectural identity of the city of Najaf was adopted, as it includes a tunnel linking the new Hajjah Street and the Haidari courtyard, in addition to tourist and recreational facilities.

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CandyKisses: : Within the 2024 budget. Sudani announces a package of projects for the upper threshold

Baghdad Today - Baghdad

Prime Minister Mohamed Shia Al-Sudani announced on Thursday (May 23, 2024) the launch of executive works in urban development projects for the southwestern side of the Haidari Sahn.

The Sudanese Media Office said in a statement received by "Baghdad Today", that "Prime Minister Mohammed Shia Al-Sudani, launched the executive work in urban development projects for the southwestern side of the Haidari Al-Sharif courtyard, during his visit to the city of Najaf, which he arrived on Thursday morning."

According to the statement, Al-Sudani stressed that "the visit to Najaf within the periodic visits to all our provinces, to follow up on the progress of services and implement priorities in infrastructure projects and economic development, in addition to the province's privacy that necessitates attention and dedication to it."

The Prime Minister indicated that "infrastructure projects have a great deal of attention, and there will be follow-up by specialized teams present in the province for the purpose of overcoming obstacles," noting that "additional financial allocations are being made to the governorate, And that there is a follow-up to the lagging projects that are being completed, as the focus is on infrastructure and service projects, because they are the basis of any development process."

He explained that "the (multi-layered garage) project comes in line with the government's vision to alleviate urban problems in the city center of Najaf, including improving infrastructure, using renewable energy and sustainability for the green environment, and facilitating and streamlining the movement of visitors and serving them."

It is noteworthy that the multi-storey garage project (Najaf Grand Garage) consists of eight floors with a capacity of 2,500 wheels, and includes 4 parts, in which the standard of preserving the architectural identity of the city of Najaf was adopted, as it It includes a tunnel linking the new Hajjah (Aj) Street and the Haidari courtyard, in addition to tourist and recreational facilities.

Thank you MarkZ for all your time, and encouragement daily….. PDK

MarkZ Update- Some highlights by PDK-Not verbatim

MarkZ Disclaimer: Please consider everything on this call as my opinion. People who take notes do not catch everything and its best to watch the video so that you get everything in context. Be sure to consult a professional for any financial decisions

Coffee with MarkZ, joined by MilitiaMan. 05/23/2024

Member: A very good morning to everyone today.

Member: RV there yet…lol

Member: have any of you heard anything about 800 numbers possibly being sent out by the end of this week????

Member: There are lots of rumors out there that this is our weekend.

Member: I watched the MM & crew this morning ….UNBELIEVABLY GOOD

MZ: Welcome MilitiaMan ….what is the latest?

MM: I had an interesting phone call/conversation this morning. I was piped into a 3 way/4 way call. One of the people worked with Credit cards globally and is in one of rooms. The topic on this call had her somewhat excited that the US is gearing to do their T-1 clearing on the 28th of this month. That is a fast timeframe for clearing and settlement of bonds or stocks or currency transactions-things of that nature.

MM: Here transaction are about 3 days. If you do a transaction, or but a stock or whatever- it takes 3 days to clear. This is a lot of time. T-1 will effectively be about 6 hours to do transacctions around the world…and that’s for everybody.. Its my understanding that the US is the last one to be at that T-1 mark. We are the largest market.

MM: Canada does not have a holiday like we do (memorial day) ….so they are going on the 27th.

MM: I believe Iraq is ready to go with the rest of the world. Along with other countries like the Vietnamse dong.

MM: I think this is a big thing.

MM: Iraq and the US have been in bed together –so to speak with DFI accounts that were changed to the Iraq 2 accounts for all the oil money that was in the DFI funds.

MM: We know that the executive order 13303 was just resigned by the President of the US. This gives them protections from debtors ect…I believe this will help with Americans and their investments and large companies like Honeywell ect…who want to know they will not have problems with their assets. I believe when Sudani visited the US he was assured that this would be signed. And it is good for another year.

MM: Yesterday Jamal Cougar said they could get the Iraq budget schedules done in less than 10 days. That runs just a little bit past the T-1 on the 28th and 29th. We will just have to see what happens.

MM: I believe their parliament legislative process recess starts on the 9th of June. The importance of this particular budget schedule is for projects and contracts to be paid.

MM: The expectation is they will not be able to afford these at a rate of 1310. Or they would already have done it.

MM: Talking about electronic trading and how everyone is going to be on the same page with cross border payment –it lets me think we are going to see something potentially on or before or very close to this time frame because of interconnectivity and being able to move money on a level platform or playing field. This is pretty big.

MZ: A number of people are asking what is T-1 clearing?

MM . It’s a transaction date . T=Transaction …and normally it takes 3 days which is a long time. In this modern world they will be able to do this transaction in 6 hours in one day…..instead of 3 days. And this will be a global situation. Starting on May 28th for the US and May 27th for Canada. Again the US is supposedly the last country.

MM: To me it’s no coincidence that Iraq has done all their different advancements and that Sudani is going to launch his development road projects on May 30th. so Sudani was telling the world he was going to do something in the month of April – and he did it.

MM he said in the past that the dinar was going to be stronger than the dollar. And , we are expecting that.

MZ: and yesterday Sudani said they were starting the second phase of their economic reforms.

MM: And at the bottom of an article yesterday he said they were about to strengthen the dinar.

MZ: To strengthen the dinar is to add more purchasing power and be stronger than the dollar. For it to be stronger than the dollar it has to be worth more than a dollar.

MM: yes.

MZ: People want to know if they can drag this out until next year?

MM: We don’t know the timing. But, I don’t think we are even close to go that long. There is way too much going on in the world and this is not only about Iraq. Remember all boats rise with the tide.

MZ: Things are finally getting tangible enough that I can be excited.

MM: This is an amazing event that we are watching unfold.

Member: Thank you so much MM and Mark

Be sure to listen to the full replay for all of MilitiaMan’s information and opinions.

MZ: This one is important. “Increased capacity in Iraq’s refineries “ They are coming up to speed to produce all of their domestic petroleum needs. $25-$30 millions of dollars worth of gas per day . This is gas for pumps and cars. They are ready to be an exporter of gas. This is new for Iraq and key for their economy.

MZ:” Zimbabwe applies for ISO code for ZIG currency” To be international. I think this is a big one.

Member: Okay all, Let’s Be Of The Highest Vibrations! The Universe is listening and will give you more of what you say! If you say you’re tired, you get more tired. The Universe Always Says Yes!!!

Member: Julie Green A turn around coming, per God's prophetic word. Says get ready!

Member: Thank you MarkZ for all you do for us to keep us informed and an early Happy Birthday to you

(MarkZ’s Birthday is tomorrow)

Member: Mark so they tell me it’s your birthday so happy birthday darling May you live may you love May all your dreams come true Happy Birthday to you……God Bless

MZ: Thank you for the pre birthday wishes.

THE CONTENT IN THIS PODCAST IS FOR GENERAL & EDUCATIONAL PURPOSES ONLY&NOT INTENDED TO PROVIDE ANY PROFESSIONAL, FINANCIAL OR LEGAL ADVICE. PLEASE CONSIDER EVERYTHING DISCUSSED IN MARKZ’S OPINION ONLY

Odysee at: https://odysee.com/@theoriginalmarkz:e OR THE RUMBLE CHANNEL: https://rumble.com/user/theoriginalmarkz

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Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM

MARKZ DAILY LINKS: https://theoriginalmarkz.com/home/

MARK’S TELEGRAM ROOM FOR WORLD NEWS EVENTS & CHAT? LINK: https://t.me/TrollingNews_telegram

THANKS FOR JOINING. HAVE A BLESSED DAY! SEE YOU ALL THIS EVENING FOR NEWS @ 7:00 PM EST ~ UNLESS BREAKING NEWS HAPPENS!

Note from PDK: Please listen to the replay for all the details and entire stream….I do not transcribe political opinions, divisive social commentary, medical opinions or many guests on this stream……just RV/currency related topics.

• Twitch: https://www.twitch.tv/theoriginalmarkz

Youtube: https://www.youtube.com/watch?v=soXDdRotFu4

8 Things to Know About T+1 Settlement

May 16, 2024 Nathan Peterson

As of May 28, 2024, settlement cycles on stock trades and other securities go from two days to one. Will that affect your portfolio? Here are eight things to know.

For many investors, making a trade feels like an instant process. But there are actually two important dates involved in any trade that investors should know and understand—and one of them is about to make an important change.

The transaction date is the day you successfully execute a trade. The settlement date is when that trade becomes official. It's the date when payment is due for purchases, when securities sold must be delivered, and the security's transfer agent has verified the new shareholder and removed the former one.

On May 28, 2024, settlement cycles on any U.S. securities trade will change from two business days to one. For most investors, this event may have little or no impact. But for some, the time it takes to settle a trade can significantly influence portfolio and trading decisions (more below).

Known officially as T+1 (trading day plus one business day), this transition will put trade settlement for stocks, bonds, and related assets on the same one-day timetable. Two-day securities settlement—currently known as T+2—has been the standard since 2017 when the Securities and Exchange Commission (SEC) amended its rules to shorten settlement from three days.

How will T+1 affect you and your investments? Here are a few key things to know:

What's driving shorter settlement cycles? Faster technology and investor preference, mainly.

What does T+1 mean for most investors? Generally, very little because many brokerage firms today including Schwab—require cash or adequate margin prior to entering any securities orders in a client's account for efficient settlement. And unlike decades ago, investors typically hold their securities in their accounts electronically, so relatively few people have to rush paper certificates to their brokerage offices by the settlement deadline. However, it's worth noting that for some investors, faster securities settlement could influence future trading, portfolio, and tax strategies (see below).

Which securities will be affected by T+1?According to the Financial Industry Regulatory Authority (FINRA), stocks, bonds, exchange-traded funds (ETFs), certain mutual funds, municipal securities, Real Estate Investment Trusts (REITs), and master-limited partnerships (MLPs) traded on U.S. exchanges will move from T+2 to T+1 as of May 28.

What about government bonds? Government bonds settlement is already set at T+1.

How will T+1 settlement actually work?For example, let's say you execute a securities trade on Monday. After May 28, 2024, that transaction must be settled on the next business day, which would be Tuesday if the markets are open. If you were to successfully trade on a Friday, your settlement date would be the following Monday—as long as it isn't market holiday. Note: Mexico and Canada are also moving to T+1 settlement on May 27—U.S. markets reopen on May 28 that week because of the Memorial Day holiday.

How could T+1 influence certain investment decisions?Some investors will want to make sure they own shares by specific dates to participate in proxy votes or annual meetings. In these cases, shorter settlement cycles can help the investor.

Could T+1 affect margin interest?In certain cases. For example, margin account investors who place a trade but need to sell money market funds (MMFs) to cover their purchase need to make sure those MMF proceeds are available before or on the same day as settlement to avoid a margin interest charge. That means for margin account trades in bonds, equities, or other securities, MMFs will need to be sold by 4 p.m. ET.

Are there potential tax issues?Because of T+1, you'll have half the time to correct any cost basis decisions you made in a trade. Once settlement is complete, your cost basis—your total initial investment, any commissions or fees paid, and decisions on how you'll collect dividends and distributions—is set for tax purposes. After T+1 goes into effect, any cost basis adjustments will have to be made within one business day of the trade, not two.

Bottom line

On May 28, 2024, T+1 arrives for U.S. investors, trimming the settlement cycles for securities trades from two days to one. For some investors, one-day settlement cycles may mean greater convenience. For others, T+1 may require closer attention to how shorter settlement times could affect one's investment, trading, or tax decisions. To learn more about how this transition could affect your individual situation, consider reaching out to a qualified advisor.

https://www.schwab.com/learn/story/7-things-to-know-about-t1-settlement

Note: All intel should be considered as "Rumors" until we receive official announcements ...and “Rates and Dates” could change anytime until we get to the banks/redemption centers.

Judy Note: It’s the end, and time for a New Beginning. Keep love for all humanity in your heart and God in your plans to help them.

Jamie Dimon, the CEO of JPMorgan Chase, has announced his plans to retire, while FDIC Chair Martin Gruenberg would also step down. The FDIC lacks sufficient funds to cover insured accounts.

These developments, alongside the introduction of the “End the Fed” Bill and the passage of a Blockchain Bill, signal a shift in global economic and financial systems back to The People.

Global Currency Reset:

Judy Note: Apparently Tier4b (us, the Internet Group) has not yet been notified of how to set exchange and redemption appointments, although some Bond People are liquid and expectations are that things will start to explode this Memorial Day Weekend.

Wed. 22 May 2024 Wolverine Chat: “This will not be a long chat. There was a meeting last night in Reno. The topic was when to release the notifications. The notifications are coming out. The main bondholders are hopefully expecting notifications today. So hold on everyone!! We are on the very edge of this! Expecting notifications to come in today for the major bondholders. Tier4B, in my opinion, will hopefully come in on the weekend. Things are happening in the Pentecostal group. The leader will be having a get together in Bogota the first week of June, so then they will be ready to go. It was a very good audio that they put out yesterday. Hopefully they will be able to release it has been long time for that platform as the owner has been through so much. Not much other Intel coming through right now. Keep your fingers crossed and hopefully we will have good news very soon. Take care,” Wolverine

Wed. 22 May 2024 MarkZ: “I am confident that some Bond Holders such as those in Humanitarian Projects are being paid and bonds are moving today Wed. 22 May.”

Tues. 21 May 2024 Banker: “Well folks was advised we would have positive indications today but now am being told it should come on the 24th which is this coming Friday which would give the banks time to deal with their Fridays and Mondays and begin to schedule appointments later into next week. We can only hope that at some point these projections will be accurate.”

Tues. 21 May 2024 Unknown Source: “Banks in the USA will close on the 24th and until May 27th (Monday) they will be offline, without credit cards and without access to 24-hour banking. It will be the beginning of AES – EMERGENCY ALERT SYSTEM and on Tues. 28 May 2024, some banks and companies will no longer open.

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Tues. 21 May 2024 Bruce, The Big Call The Big Call Universe (ibize.com) 667-770-1866, pin123456#:

There was a meeting last night with 64 individuals in Reno to decide when the emails were going out for Tier 3, 4a,b. They were told to make the decision whether this was going on Tues. 21 May, or on Wed. 22 May.

A Metals Broker said that this could go overnight tonight Tues-Wed 21, 22.

Everyone left Reno either last night or at 6am this morning. That means they got things done and we should have this overnight tonight or tomorrow.

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Global Financial Crisis:

Wed. 22 May 2024: BOMBSHELL!!! US DEBT CLOCK: The Collapse of the Old Financial Order: Klaus Schwab Resigns, Federal Reserve Faces Abolition, and Gold & Silver Rise – American Media Group (amg-news.com)

Tues. 21 May 2024 Congressman Tom Emmer calls to ban CBDC’s and says President Biden wants to trade Americans’ right to privacy for a CCP-style Central Bank Digital Currency surveillance tool.

Read full post here: https://dinarchronicles.com/2024/05/23/restored-republic-via-a-gcr-update-as-of-may-23-2024/

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Courtesy of Dinar Guru: https://www.dinarguru.com/

Militia Man There's a lot of money going to to be made in Iraq and it's all starting to come together. When the World Bank is sitting at the table and they're working to finance projects, take a look at it. It doesn't smell of, 'oh, this is never going to happen, blah, blah, blah, we heard this two years ago.' No you didn't. I have to tease because I still get that on occasion.
Frank26 Question "What does your gut say the rate will be in the end?" Remember I said IMO the float would probably be between $3.36 and $4.25 would be a good place to cap it.

IMPORTANT IMF Report on Iraq's Economy GDP Prediction Good News

Edu Matrix: 5-23-3034

IMPORTANT IMF Report on Iraq's Economy GDP Prediction Good News - The International Monetary Fund's Latest Report on Iraq is Good News.

Currency News; Iraq: Iraqi Dinar, Vietnam Dong, ZiG Currency, Haiti's Currency, Gold, and BRICS Currency Plans.

https://www.youtube.com/watch?v=qsO3oT8EaEw

China SELLS RECORD $53.5B in US Debt, Geopolitical Risks & Fear of Sanctions Shift Global Economies

Lena Petrova: 5-22-2024

https://www.youtube.com/watch?v=Jutm-rMwTwk

Iraq Dinar - IQD Related Update - Global Interconnectivity - Timing - Delete Zero's - Exchange Rate

MilitiaMan and Crew: 5-23-2024

The Crew: Samson, PompeyPeter, Petra, Daytrader, Sunkissed, GIGI and Militia Man

Be sure to listen to full video for all the news……..

https://www.youtube.com/watch?v=jhEBo8tSOGQ

Iraq Economic News and Points To Ponder Late Wednesday Evening 5-22-24

The Central Bank Announces Approved Dollar Sales Outlets For Pilgrims

Economy News _ Baghdad Today, Wednesday, the Central Bank of Iraq announced outlets for selling dollars to pilgrims.

The bank said in a statement received by Al-Iqtisad News, “The outlets for selling the dollar to pilgrims are in the branches of Al-Rashid, Al-Rafidain, Al-Iraqi Trade, and Al-Nasik banks, in addition to a number of money exchangers in Baghdad and a number of governorates.” Views 85 05/22/2024 - https://economy-news.net/content.php?id=43639

What Are The Reasons For The World Bank’s Demand To Reform The Retirement System In Iraq?.. Economic Clarification

Posted On05-22-2024 By Sotaliraq Economist Nabil Al-Marsoumi explained the reasons for the World Bank's demand to reform the retirement system in Iraq.

Al-Marsoumi said in a blog post, “According to data from the General Retirement Directorate, the total number of civilian and military retirees in Iraq in 2020 reached 2.486 million retirees, while the number of retirees who receive their salaries from the retirement fund reached 544 thousand retirees.”

He pointed out that “the budget bears the disbursem*nt of the salaries of 1.942 million retirees,” noting that “the total value of the monthly salaries of retirees amounts to 1.551 trillion dinars, and the annual value is 18.612 trillion dinars.”

He stated that “the total annual pension salaries borne by the general budget are 11.772 trillion dinars in 2020, while 6.840 trillion dinars are paid from the retirement fund.”

He stressed that “today’s numbers have risen a lot, especially since 120,000 employees annually are referred to retirement after reducing the retirement age to 60 years,” noting that “retirement referrals before 1/1/2008 are all paid from the public treasury according to the laws of transitional justice, political dismissals, and all others.”

Laws legislated by the House of Representatives. As for those referred to retirement after 1/1/2008, their salaries are paid from the Retirement Fund, while retirement rewards are paid from the state treasury.”

He continued, “The government depends, in its financing of pensioners’ salaries and all other forms of social protection programs, on financial resources financed by oil revenues, which exposes it to delaying or even to the risk of stopping due to the fluctuation of these revenues, especially linked to highly volatile global oil prices, due to external rather than internal factors on the one hand, and low efficiency in Managing the funds of the pension fund, which lacks transparency in disclosing its assets and aspects of its investments, on the other hand.” LINK

Referring The 2024 Budget Tables To Parliamentary Finance

Money and business Economy News – Baghdad Today, Wednesday, the House of Representatives announced the referral of the schedules of the Federal General Budget Law 2024 to the Parliamentary Finance Committee.

According to a document issued by the Council, seen by Al-Iqtisad News, “Acting Speaker of the House of Representatives Mohs Al-Mandalawi referred the schedules of the Federal General Budget Law 2024 to the Parliamentary Finance Committee.” - https://economy-news.net/content.php?id=43645

Raq Intends To Deliver The Capacity Of The Northern Refineries To 600 Thousand Barrels Per Day

Reconstruction and building Economy News – Baghdad The Northern Refineries Company, affiliated with the Ministry of Oil, announced today, Wednesday, the total refining capacity of the Northern refineries, while indicating the continued development of the refineries and raising them to the ranks of international companies.

The director of the project management department at the company, Ata Aliwi Hussein Al-Hamdani, said: “The Northern Refineries Company is witnessing a major renaissance and development that will place it among the major refinery companies in the Middle East, as the cadres of the Project Management Department, the Maintenance Authority, and the company’s supporting departments have begun establishing Refining Unit 3 at the Salah al-Din Refinery.”

To be the nucleus of the Salah al-Din Refinery 3, which will be added to the company’s refinery complex with a capacity of 70,000 barrels per day,” indicating that “a new refining capacity will be added to the current basic refining capacities existing in the company.”

Al-Hamdani added, “Salah al-Din Refinery 1 will have a refining capacity of 70,000 barrels per day, Salah al-Din Refinery 2 will have a refining capacity of 70,000 barrels per day, while the North Refinery will have a capacity of 150,000 barrels per day, and the small refining units 2 and 3 in the North Refinery will have a capacity of 20.” One thousand barrels per day. It is hoped that these units will enter into trial operation this year. The Salah al-Din 3 refinery will have a capacity of 70 thousand barrels per day. It is hoped that the refining unit will be completed within one year.

Thus, the total capacity of the Al-Samoud Refinery Complex during the coming year will be approximately 380 thousand barrels per day. "

He continued: “As for the company’s external refineries, the Project Management Department, under the guidance of the Director General of the Northern Refineries Company, continues to implement the company’s plan to raise refining capacities during the current and next years.”

He explained, "The current capacity of the Kirkuk refinery is 56 thousand barrels, and after the completion of concentration unit 109, it will be 76 thousand barrels per day, while the current capacity of the Siniya refinery is 30 thousand barrels per day, and after the completion of the two new units, the refining capacity will be 50 thousand barrels per day, and the current capacity of the Haditha refinery is It reaches 16 thousand barrels,

and after completing the two new units, the refining capacity will be 36 thousand barrels per day, and the Kasak refinery has a current capacity of 20 thousand barrels per day, and after completing the new unit, the refining capacity will be 30 thousand barrels per day.

As for the Qayyarah refinery, the available refining capacity will reach approximately 12 thousand barrels per day. After completing the new unit, the refining capacity will be 32 thousand barrels per day,” noting that “the refining capacity of the current and added external refineries will be 204 thousand barrels per day.”

He pointed out that “the total refining capacity of the current and added North Refineries Company will be 584 thousand barrels per day, which is an unprecedented refining capacity in the field of the refinery sector, with the addition of complementary units such as hydrogenation, isomerization and improvement of gasoline units, energy units, technical services, pumping and storage units, industrial water transactions, and others, with modernization projects.” Units, infrastructure, residential complexes, investment units and refineries.”

He stated that “the Northern Refineries Company has also begun preparing the requirements for establishing the FCC unit, which is a unit consisting of four basic units to maximize the production of improved gasoline and intermediate distillates. This unit works on the fuel oil or black oil remaining in the refining tower produced by the company’s refineries,”

pointing out that we We seek to implement all plans and programs to raise refining capacities, modernize and develop the company’s refineries, and elevate it to the ranks of major international companies in the refinery sector in Iraq and the Middle East.” 242 views 05/22/2024 - https://economy-news.net/content.php?id=43641

Oil Prices Decline Amid Expectations That Interest Rates Will Remain High For A Longer Period

Wednesday 22, May 2024 08:08 | Economical Number of readings: 140 Baghdad / NINA / Oil prices fell for the third session in a row today, Wednesday, amid expectations that the Federal Reserve (the US central bank) will keep interest rates high for a longer period due to continued inflation, which may affect fuel use in the world’s largest oil consumer.

Brent crude futures fell 43 cents, or 0.5%, to $82.45 per barrel, and US West Texas Intermediate crude futures fell 50 cents, or 0.6%, to $78.16.

US Central Bank officials said yesterday, Tuesday, that the bank must wait several more months to ensure that inflation actually returns to the target path of 2% before any interest rate cuts.

Oil prices fell yesterday, Tuesday, as investors expected that inflation and continued interest hikes in the United States would lead to a decline in consumer and industrial demand.

Yesterday, Tuesday, Brent crude futures contracts fell by 46 cents, equivalent to 0.55%, to $83.25 per barrel by 07:28 GMT.

US West Texas Intermediate crude fell 55 cents, or 0.69%, to $79.25 a barrel. Both benchmarks fell less than 1% on Monday after US Federal Reserve (central bank) officials said they were waiting for more signs of slowing inflation before considering lowering interest rates./Ends 9

https://ninanews.com/Website/News/Details?key=1128035

To read more current and reliable Iraqi news please visit : https://www.bondladyscorner.com/

Provoking Thoughts and Points to Ponder on Money

Inflation is determined by money supply growth.-Roger Bootle

Laws go where dollars please.-Portuguese proverb

Money can't buy friends, but you can get a better class of enemy.-Spike Milligan

Money is not an aphrodisiac: the desire it may kindle in a female eye is more for the cash than the carrier.-Marya Marines

Money is the fruit of evil as often as the root of it.-Henry Fielding

Money, like a queen, gives rank and beauty .-Latin proverb

http://www.famousquotesandauthors.com/topics/money_quotes.html

http://www.famousquotesandauthors.com/

Iraqi Dinar Today Video Update Late Wednesday Evening 5-22-24

Finally Came out At $4.35 Governor Of The Central Bank of IRAQ Fully Agree – 4:16

IQD On Forex Sowing This Rate Of $3.90 – 3:44

United State And IMF Massive Announcement – 4:41

Chase Bank Wonderful Announcement On IQD New Exchange Rate – 5:04

Finally Came out At $4.35 Governor Of The Central Bank of IRAQ Fully Agree – 4:16

https://www.youtube.com/watch?v=Yh0Do7NUwRg

IQD On Forex Sowing This Rate Of $3.90 – 3:44

https://www.youtube.com/watch?v=sTbHa0NcHIM

United State And IMF Massive Announcement – 4:41

https://www.youtube.com/watch?v=fMn0lt7vP7g

Chase Bank Wonderful Announcement On IQD New Exchange Rate – 5:04

https://www.youtube.com/watch?v=r9tc0HQryb4

Goldilocks' Comments and Global Economic NewsWednesday Evening 5-22-24

Good Evening Dinar Recaps,

© Goldilocks

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Do you see why the XRP and SEC connection is so important? Yes, Ripple is ISO compliant. Now that changes things a little bit... 😉

© Goldilocks

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ISO 20022 Crypto: Which Coins & Tokens are Compliant? -CoinCheckup

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Iraq clears all debts to IMF |Iraqi News

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The People’s Bank of China (PBOC) and the Bank of Thailand signed a memorandum of understanding (MOU) on Tuesday to enhance cooperation in facilitating bilateral transactions using local currencies. |Modern Diplomacy

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The American Bankers Association urged House leaders to back a bill that would stop the Federal Reserve from creating a CBDC for individuals. |Crypto News

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👆Ripple is at the forefront of the CBDC revolution, engaging with governments globally to leverage its technology for digital currency development. In May 2023, Ripple launched a dedicated platform to assist central banks, governments, and financial institutions in issuing CBDCs and stablecoins. 2 days ago |Forbes

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3 Unconventional Trends Reshaping The Business Landscape |Forbes

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Todays House Bill removes the @SECGov entirely from crypto.

Puts all power in the hand of the Secretary of the Department of Commerce.

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Swift Unveils New Cross-Border Payment Tracking Solution |PYMNTS

Swift Announcement:

Swift is extending ISO 20022 across the entire payment chain. 👇

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What a month to remember...

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Expanding the cross-boundary e-CNY| Hong Kong Monetary Authority

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AI Is Taking Over Accounting Jobs As People Leave The Profession |Forbes

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Asia Pacific Outshines Globally in Instant Payments Adoption -Blockchain News

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Swift standardizes payments end-to-end and gives banks ready-to-use tracking services to enhance corporate |Swift

👆this is going to change ISO20222 timelines a bit...😄

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Brussels, 21 May 2024 -Swift has today set out plans to help financial institutions streamline the cross-border payments experience for their corporate customers, byextendingISO 20022across the entire payment chain and giving banks ready-to-use, white-labelled tracking services that can be activated for customers...1 day ago |Swift

👆I will say more on this tomorrow. This changes the game quite a bit my friends.

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VanEck's Ethereum ETF listed on DTCC ahead of SEC decision |ReadWrite

A smart contract can execute an FX swap contract by locking the agreed rates and amounts on the blockchain, and transferring the funds automatically on the specified dates. This can reduce the need for intermediaries, such as banks or brokers, and lower the transaction fees and settlement time. |Linkedin

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This Is SeriousBRICS Nations Have Officially Set A Date To Ditch The US Dollar. |Twitter

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Ripple Vs. SEC Lawsuit: Latest Filing Marks Beginning Of The End Of Historic Battle |Bitcoinist

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IF THIS HAPPENS - CRYPTO WILL EXPLODE OVERNIGHT! MEGA CRYPTO NEWS! |Youtube

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Secret Banking Crisis Looms; What the Fed Doesn’t Want You to Know – Insider Nomi Prins |Youtube

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Thank youDinar Recaps

Iraqi Dinar Today Video Update Wednesday Evening 5-22-24

Great News IMF Finally Announced New Rate Of IQD – 4:25

Latest News President of IRAQ New Exchange Rate Had Been Announced – 4:02

Chase Bank Surprised IQD Holders – 4:50

Amazing NEWS Investors Something Big Happenings – 3:58

Great News IMF Finally Announced New Rate Of IQD – 4:25

https://www.youtube.com/watch?v=7CavVauzPts

Latest News President of IRAQ New Exchange Rate Had Been Announced – 4:02

https://www.youtube.com/watch?v=Iz1rYEmGspo

Chase Bank Surprised IQD Holders – 4:50

https://www.youtube.com/watch?v=B7IEWRWyPOs

Amazing NEWS Investors Something Big Happenings – 3:58

https://www.youtube.com/watch?v=lzKnmu9rzII

The Fed Is Already Insolvent. Here’s How We Think This Plays Out

Notes From The Field By James Hickman ( Simon Black ) 5-22-24

On Tuesday, September 15, 1992, the two most powerful financial officials in the British government held an urgent meeting that night to review their plan for when the markets opened the next morning.

The tone of the meeting must have felt frantic… even desperate… because the value of the British pound had been falling for weeks.

Investors and speculators were rapidly losing confidence in the UK government, mostly due to the ridiculous “Exchange Rate Mechanism” (ERM) which essentially pegged most European currencies to the German Deutschemark.

Rational investors viewed the ERM as an almost comical impossibility.

Germany’s economy was light years ahead of everyone else. Germany had vastly higher productivity, far greater savings, low inflation, high growth, and much more responsible monetary policy.

So, to even pretend that a country like Italy or even Britain could fix its exchange rate to the Deutschemark, i.e. to essentially mirror Germany’s economic performance-- was a total joke.

Britain joined the Exchange Rate Mechanism in October 1990. Prime Minister Margaret Thatcher had spent years trying to keep Britain out of the ERM, viewing it as giving up national sovereignty.

But Thatcher was about to retire. And the new batch of leaders insisted that pegging Britain’s economy to Germany was the way forward.

Their experiment didn’t even last two years. By the summer of 1992, inflation in Britain was more than 3x Germany’s. Plus, Britain had a major budget deficit.

Financial speculators correctly recognized, given the massive disconnect between the British and German economies, that Britain would not be able to maintain its fixed exchange rate with the Deutschemark.

So, traders began short selling the British pound, i.e. betting that the value of the pound would fall because the British government would devalue its currency.

The sell-off reached a crisis on September 15th, when the head of Germany’s central bank suggested to the Wall Street Journal that weaker countries (like Britain) would have to devalue their currencies.

That’s what led the British Chancellor of the Exchequer and head of the Bank of England-- the two most powerful policymakers in British government finance-- to meet that evening.

They knew that the German central bank’s comments would encourage even more traders to dump the British pound. So, the two men pledged to do ‘whatever it takes’ to defend the pound and defeat the speculators.

It didn’t work.

The following morning on September 16th, the Bank of England did everything it could. They raised interest rates, they bought back pounds, they bought government bonds, they made all sorts of outlandish promises.

But speculators didn’t believe any of it. They could see the numbers, and they knew that the Bank of England simply didn’t have the financial resources to maintain such an unrealistic exchange rate.

One of those speculators was George Soros, who famously bet $10 billion against the British pound… far exceeding the Bank of England’s financial resources

By the end of that day, the British central bank had exhausted its capital and was essentially bankrupt. The British government had to bail them out to the tune of 3 billion pounds, and then announce that they were formally leaving the ERM-- proving the speculators right.

This is an important story to understand, because it’s likely that something similar may happen to the Federal Reserve and US dollar over the next several years.

The Federal Reserve is already insolvent.

According to its most recent annual financial statements, the Fed has just $51 billion in equity, versus a whopping $948 billion in mark-to-market losses. This means the Fed is insolvent by roughly $900 billion.

This is a big problem. Remember that the Fed is still a bank, i.e. it has financial obligations, liabilities, and depositors that it needs to pay.

For example, commercial banks like JP Morgan and Bank of America have deposited a total of $3.4 trillion of their customers’ money, i.e. YOUR money, with the Fed. And the Treasury Department holds another $700 billion deposit at the Fed.

The Fed owes money to foreign governments. They owe trillions of dollars from repurchase agreements to banks and businesses across the global financial system.

So, yeah, the insolvency of the Federal Reserve is a pretty big deal. Yet, at least for now, no one is saying a word about it.

But just like the Bank of England in 1992, sooner or later, someone is finally going to say something… and do something… about the Fed’s insolvency.

There’s a good chance that means betting against the dollar… just like speculators bet against the pound three decades ago. And that would ultimately reduce the value of the dollar, increase inflation, and trigger a new ‘Bretton Woods’ agreement in which the US dollar is no longer the world’s reserve currency.

George Soros became known as “The Man Who Broke the Bank of England”. (Though given his malign proclivity to fund progressive activists, he is known by several other names in my household, none of them reverent).

Within the next several years there could be some Chinese or Russian financier who becomes known as “The Man Who Broke the Fed”.

This isn’t sensational. The Fed is already insolvent by $900+ billion, according to its own financial statements. Social Security is insolvent. The US government is insolvent by tens of trillions… and they further anticipate the national debt to grow by $20 trillion over the next decade.

These are facts, not fantasies.

And this is why it makes so much sense to hedge these risks by owning real assets which are scarce, valuable, and uncorrelated to the US dollar.

Gold is a great example. And as we’ve argued before, even though it’s already near its all-time high, we believe it can go much higher from here.

More on that soon.

To your freedom, James Hickman Co-Founder, Schiff Sovereign LLC

https://www.schiffsovereign.com/trends/the-fed-is-already-insolvent-heres-how-we-think-this-plays-out-150869/

In This Article:

1. The Birth of Special Drawing Rights (SDRs)

2. Challenges Faced by SDRs

3. The Rise of Gold-Backed Stablecoins

4. The Future of International Monetary Units

Does GCR stand for Global Currency Reset or Golden Currency Reset?

Actually, it could stand for both.

The concept of international monetary units has evolved significantly over time, reflecting changes in the global financial landscape.

From the introduction of the Special Drawing Rights (SDRs) by the International Monetary Fund (IMF) in 1969 to the advent of gold-backed digital stablecoins today, these units have undergone substantial transformation.

“At last… the elusive GCR is within reach!” Source: Disney Entertainment

The SDR was conceived as a potential global currency, aiming to stabilize the global economy and provide liquidity.

This international unit of value was designed for exchange between central banks and to act as a buffer against economic crises.

The primary issue was that SDRs were not anchored by any tangible asset like gold, making them fiat in nature. This lack of real backing made it difficult for SDRs to establish a stable value against other fiat currencies.

Consequently, the SDR failed to gain widespread acceptance as a currency and became more of a tool for international debt management rather than a functional global currency.

Digital innovations have paved the way for the creation of gold-backed stablecoins, offering a more reliable and practical solution.

Unlike SDRs, these stablecoins are backed by physical gold, providing a tangible asset that helps maintain their value and stability in the international market.

While SDRs represented a bold experiment, their shortcomings underscored the importance of backing currencies with tangible assets.

The emergence of digital, gold-backed stablecoins marks a significant advancement, offering a promising future for international trade and financial stability.

As technology advances, the possibility of a global currency reset becomes more attainable, with gold-backed stablecoins leading the charge towards a more stable and secure financial future.

The quest for a global currency reset finds its starting point in the SDR architecture, marking a significant milestone in the journey towards financial stability.

SDRs Explained:https://www.investopedia.com/terms/s/sdr.asp

Join my Telegram Channel to comment and ask questions here:GCR_RealTimeNews

Follow me on Twitter:@Real_AwakeIn3D

KTFA

Wednesday Night Conference Call

FRANK26….5-22-24……..IT’S GUARANTEED

This video is in Frank’s and his team’s opinion only

Frank’s team is Walkingstick, Eddie in Iraq and guests

Playback Number: 605-313-5163 PIN: 156996#

https://www.youtube.com/watch?v=JcfcpJkynPs