News — Dinar Recaps Blog Page — Dinar Recaps (2024)

IQD Update - Iraqi Dinar - Global Deals - Support - USA- Turkey - Timing- Currency Value - Tabled

MilitiaMan and Crew: 4-23-2024

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=6eU-OpXKZNk

Iraq Economic News and Points to Ponder Late Tuesday Evening 4-23-24

The US Treasury Praises The Actions Of The Government And The Central Bank In The Washington Meetings

Economy News – Baghdad Samir Al-Nusairi During the visit of the Prime Minister to Washington and his meeting, in the presence of the Governor of the Central Bank, with the US Treasury delegation, and the negotiations that took place regarding the financial and banking reform strategy implemented by the government and the Central Bank, the American side emphasized its praise of the reform measures and steps,

which resulted in organizing foreign trade financing and complying with international standards in 2023 and the past months of 2024, and to bridge part of the gap between the official price and the price equivalent to the dinar exchange rate against the US dollar.

This refutes the criticisms, allegations and media exaggerations of some satellite channels by insulting the Central Bank and the banking sector and pointing out some violations in the issue of controlling the monetary dollar, which were addressed at the time of the beginning of the application of the electronic platform.

What is important and what must be confirmed now is that 100% of the external transfers that were made were in accordance with the relationship What is new between our banks and international correspondent banks, in accordance with the instructions and mechanisms of the electronic platform, are sound and transparent transfers in accordance with international standards, and that the window for selling foreign currency is an economic indicator that achieves one of the objectives of monetary policy.

“Accusing the Central Bank and banks of wasting foreign currency without evidence proving the existence of suspicions of corruption, money laundering, or currency smuggling, and the proposition that says selling currency is a waste of public money is a description that has nothing to do with the economic process.”

It must be noted that “the process of the currency sale window began to be implemented by the Central Bank on 10/4/2004 in implementation of Article 28 of the Central Bank Law No. 56 of 2004, which allows the Central Bank to buy and sell foreign currency, and this process has continued to meet the needs of the Ministry of Finance for currency.”

The local government, for the purposes of the operating budget, purchased the dinar from the public for the purpose of controlling liquidity levels, which is known as the monetary sterilization process on the one hand, and to recycle the dinar and resell it to the Ministry of Finance for the purposes of paying salaries and wages, securing government expenditures, as well as meeting and covering imports, and maintaining the stability of the exchange rate targeted by the Central Bank.

“The foreign currency selling window is considered one of the largest open market operations in controlling local liquidity levels and putting the cash surplus on its proper paths. It is a good economic indicator and achieves one of the goals of monetary policy, and this is consistent with the multi-dimensional functions that the Central Bank of Iraq performs, as it is concerned with financial stability.”

It manages the payments system, manages foreign reserves, licenses and monitors banks and financial institutions, and sets preventive controls, in addition to other tasks related to monetary issuance and publishing economic data, indicators and forecasts.”

“The basic tasks carried out by the central bank are to manage monetary policy, which aims to control inflation, stimulate the economy, balance the balance of payments, and achieve monetary stability.”

274 views 04/23/2024 - https://economy-news.net/content.php?id=42722

Central Bank Sales Today Exceed $282 Million

Tuesday 23 April 2024 | Economical Number of readings: 195 Baghdad / NINA / The Central Bank of Iraq announced, today, Tuesday, its total sales of foreign currency through the electronic window.

The total amounts of transfers abroad (remittances, credits) amounted to $257,194,465, while the total amount of cash sales amounted to $25,430,000, and the total amount of sales amounted to $282,624,465.

The cash selling price was 1,305 dinars per dollar, while the bond credits, international settlements for the electronic card, and foreign transfers were 1,310 dinars per dollar. /End 11

https://ninanews.com/Website/News/Details?key=1122610

"Al-Eqtisad News" Publishes The Full Decisions Of The Council Of Ministers Session

Economy News – Baghdad Al-Eqtisad News publishes the full decisions of the sixteenth Cabinet session held on Tuesday, the most prominent of which was raising the acceptance rate of top graduates of technical institutes at universities to 20%.

The Prime Minister’s media office said in a statement, seen by Al-Iqtisad News, that “Prime Minister Muhammad Shiaa Al-Sudani chaired the sixteenth regular session of the Council of Ministers, in which the general conditions in the country were discussed, a number of important files were discussed, and topics were discussed.” listed on the agenda and take decisions and recommendations thereon.”

The statement added, "At the beginning of the session, Prime Minister Muhammad Shiaa Al-Sudani reviewed the results of his official visit to the United States this month, which produced results that are in the interest of Iraq in terms of economy, politics, security, and regional stability, and in the interest of building bilateral strategic relations, in addition to the signing of a number of Memorandums of understanding and partnership between the Iraqi public and private sectors on the one hand, and between major leading American companies and financial and banking institutions on the other hand.”

He explained, "Al-Sudani reviewed the visit of the Turkish President to Baghdad yesterday, which witnessed the signing of the bilateral strategic framework agreement, and the signing of 26 joint memorandums of understanding for various institutions between the two countries, which will be reflected in the economic and development partnership, in addition to the quadripartite understanding that included Iraq, Turkey, Qatar, and the UAE.

Regarding the development road project, the investment opportunities it holds, and entering into a new phase of security and economic understandings and in the field of water management and water shares in the Tigris and Euphrates rivers, all of which will push relations forward.”

Al-Sudani directed, according to the statement, “the ministers to follow up on the implementation of the memorandums of understanding, and to provide the utmost efforts in order to achieve the highest levels of mutual benefit, for all sectors and activities covered by the memorandums of understanding, in addition to assigning the committees concerned with securing the requirements for success and good implementation of the agreements and understandings signed with the United States and Turkey.”

During the session, the Council of Ministers followed up on service projects, infrastructure projects, and lagging projects, and took a number of decisions related to spare orders and implementation, as follows:

1- Increasing the amount of reserve for the project (construction of the Abu Ghar-Tel al-Lahm quarries road with a length of 45 km) within the project (construction of the Abu Ghar-Tal al-Lahm quarries road) included in the investment budget tables of the Ministry of Construction, Housing, Municipalities and Public Works/ among the priority projects related to the implementation of the Council’s decision. Ministers (301 in 2021).

2- Increasing the total cost of the project (study, design and implementation of an integrated concrete water project with a capacity of 1000 m3/hour, with transmission lines to the Umm Qasr district).

3- Increasing the total cost and reserve amount for the project (reconstruction of Al-Fayhaa Bridge in Basra).

4- Increasing the total cost and reserve amount for the project (Fallujah Third Bridge and its approaches in Anbar Governorate).

5- Increasing the total cost and the amount of reserve for the project (constructing the Juwaiba-Al-Hamidiyah (Al-Mamoun) Bridge).

6- Increasing the total cost and the amount of reserve for the project (completion of the rehabilitation and expansion of Karbala Children’s Hospital/second phase).

7-Developing a project (supervision and control for the establishment of Shatrah General Hospital with a capacity of 200 beds and furnishing), within the total cost of the project.

8- Increasing the amount of reserve for the project (constructing the second corridor of the Batira - Al-Fajr - Al-Budair road, with a length of (163) km, the first phase within Maysan Governorate, with a length of (72) km, increasing the total cost of the project, and creating a project called (the two concrete Sababat bridges).

9- Creating a project called (removing optical cable conflicts for the Sababat Bridges).

10- Increasing the total cost and the amount of reserve for the project (establishing the Palace of Justice in Najaf Al-Ashraf).

He continued, "In order to make room for outstanding students of institutes to complete university studies, the recommendation of the Ministerial Council for Human Development (24011 B) for the year 2024 was approved regarding increasing the acceptance rate of top students who graduate from technical institutes from (10%) to (20%)."

For admission exclusively to universities, and to the corresponding or nearby specializations, in order to allow students who are graduates of the institutes to apply to complete their initial university studies.”

He continued, "The Council decided to exclude the backup network project, and the project to rehabilitate and develop the paths of the national optical cable network, from the contracting methods stipulated in the Contract Implementation Instructions No. 2 of 2014, for the purposes of the national mobile phone license, in order to meet the increasing requirements of state institutions for digital transformation projects and secure the needs of... Mobile companies, state institutions, and citizens benefit from the increased Internet capacity, fiber optic projects (FTTH), an alternative to copper landlines, and international transit projects for Iraq.”

He pointed out that "the Council approved the recommendation of the Ministerial Council for the Economy (24131 Q), which included approval of the request of the Ministry of Oil, regarding the issue of converting gas compressors from temporary to permanent customs entry for the benefit of the Basra Gas Company, and the General Authority of Customs transferring gas compressors with (14) compressors from A temporary customs entry to a permanent one,

for the benefit of the Basra Gas Company, provided that it is among its assets (the share of the South Oil Company (51%) in accordance with Council of Ministers Resolution (446 of 2012), and payment of the resulting expenses, in accordance with the law, and borne by the Basra Gas Company.” .

He added, "In the field of energy, the Council approved the signing of a memorandum of understanding for associated gas to generate electric power between the Ministry of Electricity and Siemens Energy. It also approved the inclusion of the projects required to be implemented by the Ministries (Planning and Finance) in accordance with the aforementioned memorandum of understanding and the availability of the necessary allocations and funding."

The Council voted to grant the Ministry of Electricity the necessary powers to proceed with implementation, as an exception to the contracting methods stipulated in the Instructions for Implementing Government Contracts (2 of 2014), in a way that ensures speedy completion and achieving the desired goal of signing the aforementioned memorandum of understanding.

He pointed out that, "In the same vein, the Council canceled Cabinet Resolution No. (308 of 2019), which included financing the Ministry of Electricity with the necessary allocations to establish a secondary station (400) KV, and financing three (132) KV stations with lines, provided that they are of Outside the Ministry's budget.

The statement confirmed, “The Council approved the draft law to cancel the (defunct) Revolutionary Command Council’s Decision No. (103) on January 27, 1988, which was reviewed by the State Council, and approved referring the draft law to the House of Representatives based on the provisions of the Constitution, as the aforementioned decision had He merged the Department of Relations and the Department of Planning into one department, and abolished administrative formations in the Ministry of Justice.

He also abolished the Department of Estate Affairs in the Directorate for the Welfare of Minors, abolished its jurisdiction to release estates in accordance with the Law for the Care of Minors, and entrusted the release of estates to the personal status courts.

He stated that "the draft law for the first amendment to the Martyrs Foundation Law No. 2 of 2016 was approved, which was reviewed by the State Council and referred to the House of Representatives, based on the provisions of the Constitution, taking into consideration the observations that were presented at the Council of Ministers meeting."

He continued, "The Council of Ministers granted the Deputy Prime Minister and Minister of Planning the authority to negotiate and sign a memorandum of understanding between the Ministry of Planning in the Republic of Iraq and the United Nations Population Fund (UNFPA), based on the Treaty Contracting Law (35 of 2015), and the Ministry of Foreign Affairs prepared the necessary authorization document."

On behalf of the Government of the Republic of Iraq, the Deputy Prime Minister and Minister of Planning, in accordance with the approved contexts, and submitting it to the General Secretariat of the Council of Ministers in order to obtain the signature of the Prime Minister.

The Council decided, according to the statement, “It was decided to authorize the Minister of Justice to negotiate and sign two draft cooperation agreements between the Government of the Republic of Iraq and the Government of the Republic of Italy, and between the Government of the Republic of Iraq and the Government of the Republic of Uzbekistan, in the field of transferring those sentenced to custodial sentences, based on the provisions of the Constitution, and to prepare a Ministry Foreign Ministry:

The necessary authorization document on behalf of the Government of the Republic of Iraq for the Minister of Justice, in accordance with the approved contexts, and submitting it to the General Secretariat of the Council of Ministers to obtain the signature of the Prime Minister.

Views 101 04/23/2024 - https://economy-news.net/content.php?id=42757

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

Provoking Points To Ponder on Failures and Mistakes

We will be victorious if we have not forgotten how to learn.-Rosa Luxemburg

It is the true nature of mankind to learn from mistakes, not from example.-Fred Hoyle

The psychotherapist learns little or nothing from his successes. They mainly confirm him in his mistakes, while his failures, on the other hand, are priceless experiences in that they not only open up the way to a deeper truth, but force him to change his views and methods.-Carl Jung

Failure ... is, in a sense, the highway to success, inasmuch as every discovery of what is false leads us to seek earnestly after what is true, and every fresh experience points out some form of error which we shall afterward carefully avoid.-John Keats

We need to teach a highly educated person that it is not a disgrace to fail and that he must analyze every failure to find its cause. He must learn how to fail intelligently, for failing is one of the greatest arts of the world.-Charles F. Kettering

When a man is pushed, tormented, defeated, he has a chance to learn something; he has been put on his wits; on his manhood; he has gained the facts; learned his ignorance; is cured of the insanity of conceit; has got moderation and real skill.-Ralph Waldo Emerson

http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.htm

Goldilocks' Comments and Global Economic News Tuesday Evening 4-23-24

Good Evening Dinar Recaps,

~~~~~~~~~

~~~~~~~~~

~~~~~~~~~

~~~~~~~~~

👆One more thing, these designated facilities (banks) do have 1-800 #s.

Just look on the back of your debit card or call your bank if you have any further questions.

~~~~~~~~~

Jim Willie: 'Gold's The Safe Haven When There's No Escaping The Debt Default' |Youtube

~~~~~~~~~

~~~~~~~~~

~~~~~~~~~

The Copper Supply Shortage Is Here |SchiffGold

👆Keep saving those copper nickels and pennies...

~~~~~~~~~

The movement from brick and mortar sales continue to melt down as the online sales for the same merchandise is continuing to climb. |Wolf Street

~~~~~~~~~

Vietnamese furniture products introduced at Milan Design Week -EIN Presswire

~~~~~~~~~

Vietnam to have opportunities from digitalisation, green transformation: IMF |VOV VN

~~~~~~~~~

Factors influencing Vietnam’s FMCG market |VOV VN

~~~~~~~~~

Vietnam surpasses India, Thailand to become Singapore’s top rice supplier - VnExpress International |VN Express

~~~~~~~~~

Billionaire-Owned Media Has Gone Full Throttle to Save Fellow Billionaire, Jamie Dimon |Wall Street on Parade

~~~~~~~~~

~~~~~~~~~

MESSAGE FROM SAM OLIVER ON COPPER

LISTEN HERE:

~~~~~~~~~

Generative A.I. Arrives in the Gene Editing World of CRISPR|The New York Times

~~~~~~~~~

A new legislation to regulate stablecoinsfiledin the US Senate may benefit the issuers as reported by investment banking firm TD Cowen. |Crypto Times

👆 more on this tomorrow...

~~~~~~~~~

‘‘Lummis-Gillibrand Payment Stablecoin Act’’

LIP24254.pdf CLICK HERE

~~~~~~~~~

~~~~~~~~~

Ripple Offers to Pay SEC Penalty For XRP |Youtube

~~~~~~~~~

Follow Goldilocks'Roadmap

Follow Goldilocks'Timeline

Goldilocks'Telegram Room

Q & ATelegram Room

Goldilocks on theSeeds of Wisdom Team™Website

Subscribe toNewsletter

Thank youDinar Recaps

Iraq Economic News and Points to Ponder Tuesday Afternoon 4-23-24

New financial bonds...bank interest thwarts the government's plans to close the deficit
Monday, 04-22-2024, Karar Al-Assadi 356
TheIraqi government has resorted to issuing financial bonds and selling them to citizens with the aim of filling the financial deficit in the budget and also to enhance the state’s non-oil revenues, which is a slogan raised by Prime Minister Muhammad Shiaa Al-Sudani to his government, and while specialists praise this approach, others identifyobstacles that do not encourage the success of this experiment due to thelack of interest.

Banking achieved by“freezing”millions of dinars in exchange for revenues does not constitute a temptation to attract the citizen.

Economic expert Mazhar Muhammad Saleh says, “Thebonds currently in circulation(Injaz), which wererecently issued by the Ministry of Finance, are one of themedium-term government debt instruments,

which differ from treasury transfers as a debt instrument also in terms of maturity dates and the interest granted or paid, as

treasury transfers are mostly directed.”To the banking system, while

Enjazbondsare mostly a means of borrowing to the public.”

On April 15, 2023, Rafidain Bank announced the issuance of “Enjaz” bonds to citizens, offering them in two categories, the

first in the amount of 500 thousand dinars with an annual interest of 6.5 percent, paid every six months for a period of two years, and the

second in the amount of one million dinars with an annual interest of 8.5 percent every six months for a period of four years.

He added, “These bonds were issued for the purposes of financing part of the planned deficit in the federal general budget for the year 2024, and engaging in direct borrowing from the public of lenders, especially those who have savings or financial surpluses, and

at the same time have the desire to invest their surplus funds in thesehighly collateralized sovereign bonds, as

they are subject to... (Injaz) bonds forthe credit rating of the Republic of Iraq, which is currently set at grade B, similar to nearly 80 countries in the world.”

He continues, “We believe that the bonds finance 7 to 10 percent of the planned deficit in the annual general budget, through the contribution of the public of lenders by investing their available financial surpluses by possessing these bonds in return for the government receiving cash amounts that contribute to filling the deficit in public expenditures during the period.” Fiscal year 2024.”

Mazhar points out that “government bank branches undertake the sale of these bonds to the public and provide the holder of that bond with an electronic document first,

then he is provided with a paper document showing the details of the single bond that he will be in possession of.

The bond is also issued in several denominations, such as the half-million dinar denomination and the one million dinar denomination.” The maturity periods also vary.

He explains that “the one million dinar bond earns an annual interest rate of 8.5 percent and is paid every six months, and its maturity is four years, that is, the date of its amortization.

He also notes that the bond sale, which began on April 15, will continue to be offered until May 15 of next year.”

It is noteworthy that “Enjaz bonds are the highest in interest after the (Emaar) bonds and (Building) bonds that were offered in previous years, in which the interest rate reached 7 percent annually, and the holder of the bond can transfer its possession back to another holder, as government bonds are among the Preferred debts cannot collect interest or at the time of their repayment, so they can be mortgaged as excellent collateral.

Thus, holders of government bonds can liquidate the bond as a financial instrument and convert it into cash immediately by promoting it for sale in the secondary financial market and at any time before its maturity date and recovering the principal amount of cash paid in return. “Possession.”

The Ministry of Finance had previously announced the launch of a new issue of government bonds under the name “Injaz” for public subscription, indicating that

they are government bonds denominated in the Iraqi dinar in the denomination of 500 thousand dinars, for a period of two years with an annual interest of 6.5 percent paid every six months, and a bond of the denomination of one million dinars for the term. Four years with an annual interest rate of 8.5 percent, paid every six months.

For his part, the economic expert and professor of management and economics at the Iraqi University, Abdul Rahman Al-Mashhadani, explains, “

This is a normal measure taken by most governments in the world, and Iraq is not the first country to do it when it needs financing to fill the deficit or for investment projects, as it sometimes issues these bonds to achieve goals.” Specific, for example, building bridges, dams, or specific services,

but thepurpose of these bonds in Iraq is to fill a deficit in the general budget and as a measure towithdraw liquidity from the market.”

He added, “These bonds have an issuance period.

For example, the half-million dinar bond has a duration of two years, and the million-dinar bond has an issuance period of four years

After that, the Ministry of Finance is obligated to return the bond amount to the buyer or extend it in the event of strong demand for it, but the interest is paid every six months.” By the Ministry of Finance, and it is certainly possible to sell them through the Iraqi Stock Exchange, just like the shares of companies that are sold in this market.”

Al-Mashhadani explains, “When we talk about the deficit, we are talking about 80 or 92 trillion dinars, which is the value of the budget deficit, and

this issuance of bonds worth two trillion dinars, or even if it was worth four trillion dinars, it cannot cover the entire budget deficit, soit is an attempt.” To create a kind ofculturefor individuals to invest in financial instruments such as stocks, bonds, and banks in order to obtain financial interest.”

He added, “These policies are not considered to be very successful, and

this issuance can mainly benefit banks, but

the vast majority of citizens do not believe that they will benefit from purchasing these bonds.

For example, the average Iraqi family has the ability for a citizen to buy, for example, 10 million dinars in bonds, which means 10 bonds worth One million dinars, in order to obtain an interest of 8.5 percent, which is not a large percentage and does not constitute a rewarding return for what was invested.”

Al-Mashhadani points out that “commercial work can achieve a profitable return much greater than government bond returns.

Investing one million dinars in the market, for example, enables an individual to recycle it several times in the market, in contrast, and obtain large profitable returns equal to or greater than the amount invested, as long as There is inflation, and there are high profits from investment returns in commercial markets.”

On June 12, 2023, the Iraqi Parliament voted on the federal budget law for the years 2023, 2024, and 2025, in an initiative that is the first of its kind in the country’s history in terms of the size of the budget as well as the number of fiscal years, with a value of 197 trillion and 828 billion dinars, with a financial deficit of 63 trillion. One dinar, which is approximately one-third of the budget.

In turn, the economic expert, Hammam Al-Shamaa, agrees with Al-Mashhadani, that

“thegoal of announcing the sale of government bonds to citizens and institutions is to fill the deficiton the one handand provide financial liquidityon the other hand, since the

total monthly spending at the present time exceeds eight trillion dinars, among the Central Bank’s sales.”

Thecurrency selling window does not exceed five trillion dinars per month.”

He continues, “Therefore,they need liquidity to cover expenses, and this liquidity is expensive, and

thedeficit is very large, reaching 35 percent of the gross domestic product, and

it is a cost that falls on the shoulders of future generations.

Government spending is now taking place at the expense of the future, and this year itself must be recorded. It is an inaccurate financial policy with dimensions.” “More political than economic dimensions.”

It is noteworthy that theMinistry of Finance recently issued government bonds to contribute to society’s contribution to the development of the Iraqi economy, as the

subscription funds contribute to financing economic development projects and achieving financial stability in the country. https://www.non14.net/public/166281

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

Provoking Points To Ponder on Failures and Mistakes

What is defeat? Nothing but education, nothing but the first step to something better.-Wendell Phillips

From their errors and mistakes the wise and good learn wisdom for the future.-Plutarch

Having harvested all the knowledge and wisdom we can from our mistakes and failures, we should put them behind us and go ahead.-Edith Johnson

I think success has no rules, but you can learn a great deal from failure.-Jean Kerr

Failure is just another way to learn how to do something right.-Marian Wright Edelman

There are no mistakes, no coincidences. All events are blessings given to us to learn from.-Elisabeth Kubler-Ross

http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.htm

TNT:

CandyKisses: Parliamentary Foreign Ministry: The quadripartite agreement of the development road project will contribute to stimulating economic growth and enhancing regional and international cooperation

Baghdad /Nina/ The Parliamentary Foreign Relations Committee affirmed its support for the government's efforts and positive steps to build integrated strategic relations regionally and internationally, and pointed out the need for these steps to be a real turning point in Iraq's foreign policy.

The committee said, in a press statement, that "the quadripartite agreement between Iraq, Turkey, Qatar and the Emirates on the development road project, will contribute to stimulating economic growth and strengthening regional and international cooperation relations, by achieving economic integration and striving towards a sustainable economy between East and West."

The committee appreciated the efforts of Prime Minister Muhammad Shia Al-Sudani related to developing bilateral relations and building real long-term strategic partnerships between Iraq and Turkey, which culminated in the visit of Turkish President Recep Tayyip Erdogan and discussing the files of water, security, energy and economy, and the signing of important agreements and memoranda of understanding between the two countries

Including the signing of the strategic framework agreement between Iraq and Turkey, and the framework agreement for cooperation in the field of water, which includes mechanisms and radical treatments for the entire water system and achieves an effective partnership. aims to ensure the provision of water, water and food security to Iraq./Ends5

Tishwash: After two decades of neglect... Iraq adopts a strategy to invest in phosphate

Oil is not the only thing that Iraq owns, but due to the political and security conditions that the country has witnessed over the past years, successive governments have not succeeded in investing in mineral resources other than oil, which has made Iraq a hostage to oil export operations, which constitute the main source of the country’s budget with more than 95%.

With Iraq possessing a huge reserve of phosphate, amounting to 9 percent of the global reserve, Representative Mudar Al-Karawi revealed the adoption of a strategy to invest in phosphate and operate its factories.

It is noteworthy that phosphate, fertilizer, brick, paste and pharmaceutical factories are all stopped or almost stopped, although they are intertwined with the agricultural and industrial sectors.

Al-Karawi said in a press statement, “Iraq possesses huge reserves of phosphate, which is used in various industries, including fertilizers of various kinds, and which constitutes an economic sector whose financial ceilings worldwide reach tens of billions of dollars annually.”

He added, "Despite the huge reserves of phosphate, Iraq imports 60-70% of its needs from abroad at double prices," pointing out that "the government has actually begun to adopt a strategy for investing in phosphate, operating its factories, and pumping its production, especially since phosphate represents the third largest natural wealth in the country." The country after oil and gas.

He pointed out that "the documented reserves in several regions of Iraq, especially the western one, indicate that they are sufficient for production for many decades, meaning that we are facing a wealth that will not be depleted in the short term, in light of the presence of dozens of markets to receive it in order to revive agriculture."

The specialized international economic website Statista published a report on the natural resources possessed by the countries of the world, where Iraq ranked ninth in the world, as it possesses 15.9 trillion dollars in natural resources, and its desert terrain contains oil, natural gas, phosphate and sulfur, according to the website.

Crude oil constitutes about 90 percent of state budget revenues, while other imports are marginal in the form of taxes and customs revenues, and some revenues from the transportation and communications sector, among others.

Iraq has a reserve amounting to 9 percent of the global reserve of phosphate, but this huge reserve has remained buried underground since 2003 and has not been invested or exported, at a time when the country depends on importing this material, which is used in many industries.

The annual export rate of phosphate products from Iraq abroad, especially to East Asian countries, before the Gulf War in 1991, amounted to half a million tons annually, with almost constant revenues that were included within the country’s non-oil resources.

Most of the phosphate reserves are located in the Al-Qaim region, and the area extending over 80 kilometers is known as “phosphate mines.”

Phosphate plants in Anbar have turned into rubble since 2003, despite the dependence of many industries on this material, in addition to its previously supplying the state treasury with 22 percent of its revenues during the previous regime.

The industrial sector in Iraq in general has been facing a major deterioration since the year 2003 until now, with most factories stopping and turning to imports. The Federation of Iraqi Industries estimated years ago the percentage of stalled projects at 40 thousand projects, and successive government programs always include a theme of revitalizing the local economy and industry. However, without achieving any promise, the wheel of trade exchange with the countries of the region continues while neglecting the local industry. link

************

Tishwash: Oil sets 5 government goals for optimal investment of national wealth

Today, Tuesday, revealed a government strategy to maximize national production and enhance Iraq’s economic role in global oil markets, while stressing the keenness to increase national production of refining energy.

Iraqi Dinar - IQD Update - Development Road Project - Saviour of Global Banking & Financial System

MilitiaMan and Crew: 4-22-2024

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=Md4klvgNnhY

Iraq Economic News and Points to Ponder Late Monday Evening 4-22-24

Parliamentary Finance Expects The Dollar Exchange Rate To Stabilize Within Its Current Limits

Time: 04/22/2024 12:25:40 Read: 2,847 times {Economic: Al-Furat News} A member of the Parliamentary Finance Committee expected the dollar exchange rates to stabilize at their current limits of 1,470 dinars.

Haitham Al-Zahwan told Al-Furat News Agency, "We expect that the dollar exchange rates will remain within these limits and prices."

He added, "We expect these prices to remain within the current rates, but we cannot witness a decline in them as long as there is currency smuggling. LINK

The Iraqi Central Governor Reveals The Plan To Reform The Banking System And Talks About “Sanctions”

Economy News – Baghdad Today, Monday, the Governor of the Central Bank of Iraq presented a plan to reform the banking sector in Iraq, and while he touched on the issue of sanctions on Iraqi banks, he stressed that these measures did not threaten the Iraqi economy.

The Governor of the Central Bank, Ali Al-Alaq, said in a televised interview followed by “Al-Iqtisad News” that “the current Iraqi government is very focused on the economic dimension and renaissance, and the expansion of infrastructure and services,” indicating that “this matter requires the presence of an active and effective financial sector that can To accompany, activate, organize and finance, so this file goes hand in hand with the government’s plan within the framework of economic reform.”

He added, "Iraq has a very large financial relationship with the United States of America, given that the oil resources that form the basis of the Iraqi state's budget come from the export of oil via the dollar, and this is what is agreed upon globally," pointing out that "the first stop for Iraqi funds is in the Federal Reserve." The central bank then deals with these funds by investing them in various areas inside the United States and abroad in central banks of other countries.”

The Governor of the Central Bank continued, “There is diversity in the nature of these reserves, such as geographical and qualitative diversity in these investments, which are in the form of bonds, gold, goods, and others.”

Regarding the issue of financial reform in Iraq, Al-Alaq explained, “Iraq has a multi-faceted program in this framework, as the first aspect is harmony, adaptation, the adoption of international standards in financial transactions, and the application of compliance rules and laws related to combating money laundering and terrorist financing,” stressing that “there is interest.” Dollin is very focused on ensuring that transactions are free of any violations, violations, or suspicious issues.”

He continues by saying: “Given that the financial relationship with the United States of America is broad and large, the Iraqi financial system must be protected, as well as the system in America, and any money laundering or terrorist financing operations must be prevented from entering through it,” noting that “there is continuous coordination and common understanding, throughout the years.”

The past in order to achieve this goal, which includes the presence of broad plans and programs, relying on international consultations and contracting with major offices specialized in this field, with which the Central Bank is organizing these matters in order to achieve the great goal, which gives positive messages to financial institutions all over the world.

As for the second matter, he stated, “This matter revolves around reforming the banking sector itself, and many details revolve around it with plans being worked on, starting with government banks such as Al-Rashid, Al-Rafidain, Al-Sina’i and Agricultural, which constitute 80% of the Iraqi banking sector,” adding by saying:

"If we want to think about the reform process, we have to start from the largest part, as it was agreed in direct coordination with the Prime Minister, the government, and the Central Bank to reform these banks, through a large plan that is now underway in contract with one of the large international companies, which includes restructuring."

He continued his speech, saying, “There is a great focus on targeting the structure to advance these banks by introducing strategic partners from outside Iraq, who have accumulated experience in this field,” stressing that “there are clear desires from some internationally accredited banks to participate in this field, and we are still awaiting a study.

” The company in charge of this matter in order to attract investors from inside Iraq, as it will be like public joint-stock companies that absorb capital from within the country, in addition to the necessity of having a strategic partner to modernize government bank departments in a way that reaches the advanced level.”

He pointed out, “Government banks were very late due to the circ*mstances that the country went through, and it is necessary to keep pace with the process of major changes,” explaining that “the detailed study of this project will be presented in the eighth month, and then there will be clarity about the road map and the next steps so that appropriate measures can be taken.” "In this regard."

Al-Alaq stated, “This is one of the things that was discussed during the meeting with the US Treasury, and it was very welcomed by all parties, not just in the United States, as it is an existing and ongoing question by the parties of international institutions.”

Regarding the US sanctions on Iraqi banks, he added: “We have a close relationship with the US Federal Bank, and what happened was the emergence of a list of bank names, where the issue was not imposing sanctions on these banks, or including them in the sanctions list, but rather depriving them of dealing in dollars only.”

Pointing out that “the Central Bank took a serious look at the merits of the issue and how to take future measures, and this is part of the dialogue that took place, whether it was in the presence of the Prime Minister with the US Treasury, or even during the meetings held by the Central Bank with the US Federal Reserve.”

He noted, "Violations in the banking sector exist, and may occur, and this is the work of the Central Bank constantly, as we have a committee specialized in fines and penalties, which receives inspectors' reports, and imposes these fines on an ongoing basis in accordance with the Money Laundering and Anti-Terrorism Law."

Regarding the repercussions of this suspension on the Iraqi economy, Al-Alaq stated, “This suspension certainly has negative effects, but it will not threaten the Iraqi economy, especially since external transfer operations and the exchange rate continue normally.”

As for the fictitious companies that sell the dollar, the Governor of the Central Bank stated, “These phenomena exist in other countries as well, and due to technical developments and dealing through websites, they are an opportunity for fraud at the same time, and the Central Bank has a careful follow-up of these matters and they are reported in the judiciary.” Considering the use of these means to trap others, we warn against them.”

Al-Alaq touched on government debts, explaining: “The current government focused on the external debt, which amounts to a minimum of $9 billion to multiple parties, which is the lowest over the past years due to continuous repayments. As for the domestic debt, it has reached approximately 70 trillion dinars.” 336 views 04/22/2024 - https://economy-news.net/content.php?id=42696

Iraq Sixth: The International Monetary Fund Expects Inflation Rates For Arab Countries During 2024

Economy | 11:58 - 04/22/2024 Mawazine News – Baghdad On Monday, the International Monetary Fund revealed its expectations for the inflation index for Arab countries for the year 2024, as Iraq ranked sixth among the countries of the region.

According to the Fund’s report, which Shafaq News Agency reviewed, the inflation index in Sudan was 145.5%, Egypt was 32.5%, and Yemen was 16.9%, as the highest expectations for Arab inflation rates for the current year.

While Algeria ranked fourth in the Arab world with an expected inflation rate of 7.6%, followed by Tunisia in fifth place with an expected inflation rate of 7.4%.

Iraq came in sixth place with 4%, followed by Kuwait 3.2%, Mauritania 2.8%, Jordan 2.7%, Qatar 2.6%, Saudi Arabia 2.3%, and Morocco 2.2%.

While the UAE came at 2.1%, Bahrain at 1.4%, and Oman at 1.3%, achieving the lowest expectations for Arab inflation rates for the current year.

These ratios are affected by several factors, including currency exchange pressures in some Arab countries, fluctuations in energy and food prices, and other factors specific to each country.

Last year, the International Monetary Fund expected that inflation in Arab countries would witness a relatively high rate of 9.3% in 2023, affected by various factors such as the decline in currency exchange rates for a number of Arab countries, and fluctuations in energy and food prices.

However, the report expects inflation to decline to about 3.6% during the current year, and these inflation trends underscore the complex economic landscape in which Arab countries operate and the need for careful policy management. https://www.mawazin.net/Details.aspx?jimare=246442

The Ministry Of Planning Discusses The Next Steps Of The National Development Plan (2024-2028)

Monday 22 April 2024 | Economical Number of readings: 325 Baghdad / NINA / Today, Monday, the Ministry of Planning held a meeting of the Preparatory Committee to prepare the National Development Plan for the next five years (2024-2028), as part of its ongoing series of meetings in this regard, headed by the Undersecretary for Technical Affairs, Maher Hammad Johan.

A statement by the Ministry of Planning stated: “The meeting witnessed a review and discussion of the next steps of the plan, and the procedures for designing, printing, reviewing and drafting the plan with the possibility of providing support in this regard, as well as the media campaigns dedicated to the plan, and a discussion of the results that will be presented through technical support to the private sector.”

The meeting also dealt with technical support to the Statistics and Geographic Information Systems Authority regarding the labor market observatory, as well as a discussion about the steering committee for the economic reform project./ https://ninanews.com/Website/News/Details?key=1122403

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

Provoking Points To Ponder on Failures and Mistakes

Failure is only an opportunity to begin again more intelligently.-Henry Ford

Disappointments are to the soul what the thunder-storm is to the air.-J. C. F. von Schiller

The wisest person is not the one who has the fewest failures, but the one who turns failures to best account.-Richard R. Grant

One of the advantages of defeat in life - maybe the main advantage - is that it provides an excuse for change. Defeat... invariably leads to new adventures.-James Reston

Failure is God's own tool for carving some of the finest outlines in the character of his children.-Thomas Hodgkin

I quit being afraid when my first venture failed and the sky didn't fall down.-Allen H. Neuharth

http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.htm

Goldilocks' Comments and Global Economic News Monday Evening 4-22-24
Good Evening Dinar Recaps,

~~~~~~~~~

~~~~~~~~~

~~~~~~~~~

~~~~~~~~~

China is dumping U.S. treasuries and buying Gold |FX Street

~~~~~~~~~

Are the days of dollar love ending? - Opinion News |The Financial Express

~~~~~~~~~

Quant Network CEO: 2024 Is The Year Of Institutional Adoption Of Blockchain |Business Upturn
~~~~~~~~~

Anthony Scaramucciremains bullish on Bitcoin’s long-term performance.

He compares its development to the beginnings of the Internet and Amazon shares. |

~~~~~~~~~

Cryptocurrencies: Why You Shouldn't Overlook Dogecoin (DOGE) and Retik Finance (RETIK) in 2024 -Crypto Daily

~~~~~~~~~

Are the BRICS and their New Development Bank offering alternatives to the World Bank, the IMF, and the policies promoted by the traditional imperialist powers? |CADTM

~~~~~~~~~

The Progression of Exchange: Cryptocurrencies and the Future of Transactions -Eye On Annapolis

~~~~~~~~~

What are Green Bonds and How Can They Fight the Climate Crisis? |The Climate Reality Project

~~~~~~~~~

~~~~~~~~~

~~~~~~~~~

XRP NEWS PROOF RIPPLE & SWIFT ARE UNLOCKING $27 TRILLION|Youtube

~~~~~~~~~

Follow Goldilocks'Roadmap

Follow Goldilocks'Timeline

Goldilocks'Telegram Room

Q & ATelegram Room

Goldilocks on theSeeds of Wisdom Team™Website

Subscribe toNewsletter

Thank youDinar Recaps

TNT:

CandyKisses: Investors from 145 countries at Abu Dhabi Investment Summit

Abu Dhabi (Nina) - Investors from 145 countries will participate in the AIM Investment Summit 2024, which will be held under the theme "Adapting to the Transformation of the Investment Landscape: Harnessing New Potential for Global Economic Development", from May 7 to 9, at the Abu Dhabi National Exhibition Centre. During the summit, the best investment opportunities for the global business community will be reviewed and discussed.

25 ministers, 45 mayors, 12 central bank governors, 900 speakers, 9 global stock exchanges, more than 50 unicorns, and more than 12,000 participants from 175 countries around the world will participate in 27 joint events organized in cooperation with more than 304 international partners.

Tishwash: Exclusive.. The Iraqi government: A big surprise in Erdogan’s historic visit to Baghdad

The Iraqi government revealed, on Sunday evening, the details of Turkish President Recep Tayyip Erdogan’s visit to the capital, Baghdad, tomorrow, Monday morning, noting that “there is a big surprise” related to the agreements and memorandums of understanding to be signed in various fields.

The government spokesman, Bassem Al-Awadi, told Shafaq News Agency, “The Turkish President’s visit to Baghdad is a historic visit, and this visit will chart a path for Iraqi-Turkish relations that did not exist previously at all. This is not an attempt to exaggerate, but rather it is real, and tomorrow’s visit is Monday.” "I will reveal this matter to everyone."

Al-Awadi added, “The visit will witness the signing of two agreements, in addition to approximately (25) memorandums of understanding, and these will advance the nature of Iraqi-Turkish relations, and there is a big surprise during the visit, especially with regard to the water file, and those agreements and memorandums will focus on security, the economy, and the path to development.” ".

He explained, "Erdogan's visit to Baghdad tomorrow, Monday, is of great importance, especially since it is his first visit in 13 years, and the visit was worked on by various joint committees throughout the past year, in order to arrange the papers in the economic and security files and in the development road project."

The Iraqi government spokesman confirmed, "Tomorrow, Monday, will be an important day in shaping the nature of relations between Baghdad and Ankara, and there will be a surprise and signed agreements that are the first of their kind between the two countries."

Informed sources told Shafaq News Agency that Erdogan will sign about 37 multifaceted memorandums of understanding, the most important of which is the strategic framework memorandum for cooperation between the two countries, from which five committees are divided, as follows: security, water, economic, energy, and transportation.

Erdogan is visiting the capital, Baghdad, after a visit he made in 2011, and the Iraqi-Turkish talks focus on security, military and economic files, in addition to expanding trade cooperation.

Turkey says it is seeking greater cooperation from Baghdad in its war against the Kurdistan Workers' Party, a file that has further strained relations between the two countries due to Turkish military operations in northern Iraq, as well as disputes over oil exports and sharing scarce water supplies.

The dispute over oil exports from the Kurdistan Region is particularly thorny, and the two sides disagree over the resumption of oil exports from a pipeline through Turkey.

After nearly a decade of seeking international arbitration, the Iraqi government won recognition of its right to control oil exports, and Ankara was ordered to pay $1.5 billion in compensation for transporting them without Baghdad's approval. In protest, Ankara closed the export pipeline.

Ankara later began maintenance work on the pipeline, which contributes about 0.5% of global crude oil supplies. The two countries agreed to wait until the pipeline maintenance assessment is completed to resume flows while they continue to engage in a legal battle over the arbitration awards. link

************

Tishwash: Parliamentary Finance: We are awaiting the arrival of the 2024 budget schedules during this month

Today, Sunday, the Parliamentary Finance Committee confirmed that the 2024 budget schedules will reach the House of Representatives during the current month

The head of the Parliamentary Finance Committee, Atwan Al-Atwani, said in a statement received by Al-Rabaa: “We are awaiting the arrival of the 2024 budget schedules during this month,” stressing “the effort to correct the path of the budget by maximizing non-oil revenues, encouraging the private sector, and reducing operational spending.”

The Parliamentary Finance Committee confirmed today, Sunday, that the House of Representatives is awaiting the arrival of the 2024 budget schedules during the current month.

The committee stated in a statement received by the Iraqi News Agency (INA), that "The Chairman of the Finance Committee, Atwan Al-Atwani, received today the Chargé d'Affaires of the German Embassy."

Al-Atwani pointed out, “We are awaiting the arrival of the 2024 budget schedules during this month,” stressing “the effort to correct the path of the budget by maximizing non-oil revenues, encouraging the private sector, and reducing operational spending.”

He called on "German companies to enter Iraq and invest in various sectors, most notably the production and improvement of electrical energy," calling on "the German embassy to follow up on the implementation of the agreements and memorandums of understanding that the Sudanese signed during his visit to Germany."

While the Chargé d'Affaires of the German Embassy confirmed that "the stability of the situation in Iraq encourages the entry of our companies to invest in various fields." link

Iraqi Dinar - IQD to be valued in a new value - Al-Alaq - CBI Gov. Interview - Bullet points - Real

MilitiaMan and Crew: 4-22-2024

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=r3SO5GFBb_k

Iraq Economic News and Points to Ponder Late Sunday Evening 4-21-24

The First Iraqi Bank To Reap A Realistic Result From Al-Sudani’s Visit To Washington

The US International Development Finance Corporation (DFC) and the US Agency for International Development (USAID) signed a $50 million loan agreement for the National Bank of Iraq (NBI), with the aim of expanding access to finance for entrepreneurs.

Prime Minister Muhammad Shiaa Al-Sudani witnessed the signing ceremony of the agreement on the sidelines of the meeting of the Iraqi-American Supreme Coordination Committee in Washington.

This loan, which was attended by the CEO of the American International Development Finance Corporation, Scott Nathan, and the Chairman of the Board of Directors of the National Bank of Iraq, Bassem Khalil Salem, is the first loan provided by the American International Development Finance Corporation to a commercial bank in Iraq. https://www.radionawa.com/all-detail.aspx?jimare=38020

Central Bank: The Volume Of Trade With The UAE Reaches $17 Billion

Economy Sunday, April 21, 2024 9:30 AM Baghdad/National News Center The Governor of the Central Bank of Iraq, Ali Al-Alaq, revealed the amount of the bank’s reserves of US dollars and gold.

Al-Alaq told the CNBC Arabic website that the Central Bank has a foreign reserve of more than 100 billion dollars, indicating that the bank’s gold reserves amount to more than 130 tons, most of which are located in England.

Speaking about Iraqi foreign trade, Al-Alaq pointed out that the volume of trade with the UAE amounts to $17 billion and is paid in UAE dirhams, pointing out that the First Abu Dhabi Bank is the one responsible for the trade transfers in UAE dirhams. https://nnciraq.com/253612/

US International Development Allocates $50 Million To The National Bank Of Iraq To Finance Entrepreneurs In Iraq

Economy News – Baghdad The US International Development Finance Corporation (DFC) and the US Agency for International Development (USAID) signed a loan agreement worth $50 million for the benefit of the National Bank of Iraq (NBI), with the aim of expanding access to financing for entrepreneurs.

Iraqi Prime Minister Muhammad Shiaa Al-Sudani witnessed the signing ceremony of the agreement. On the sidelines of a meeting of the Iraqi-American Supreme Coordination Committee.

This loan, which was attended by the CEO of the American International Development Finance Corporation, Scott Nathan, and the Chairman of the Board of Directors of the National Bank of Iraq, Bassem Khalil Salem, is the first loan provided by the American International Development Finance Corporation to a commercial bank in Iraq.

After signing the agreement, Al-Salem said: “We are proud to be the first commercial bank in Iraq to sign a loan agreement from the US International Development Finance Corporation and the US Agency for International Development, and we see this partnership as an important step and a unique opportunity to support economic and investment growth in Iraq by enhancing the capabilities of Ruwwad.” businesses and increase their opportunities to obtain the necessary financing to support their projects.”

Al-Salem extended his thanks to the Iraqi Prime Minister, Muhammad Shiaa Al-Sudani, to His Excellency the Governor of the Central Bank of Iraq, Dr. Ali Mohsen Al-Alaq, and to the international financial institutions for their continued support for entrepreneurs and small and medium-sized companies, stressing the National Bank of Iraq’s commitment to achieving the two sides’ shared vision for progress and prosperity in the country, pointing out that this The agreement will be a strong incentive to achieve these goals.

CEO of the US International Development Finance Corporation, Scott Nathan, affirmed the company’s commitment to unleashing Iraq’s economic potential and empowering its private sector by providing meaningful financial support to small projects.

He said: “Today’s announcement is an important step in advancing our efforts. This investment will contribute to increasing access to... First-time female borrowers and entrepreneurs access financing across Iraq.”

For her part, USAID Mission Director in Iraq, Ellis Jensen, said: “Access to financing is the main driver in the process of innovation, economic growth, and job creation, so USAID’s support will enable private banks to overcome liquidity challenges and provide affordable business loans.”

For small projects, and through our partnership with the National Bank of Iraq and the US International Development Finance Corporation, we will help create a stronger, more diverse, and more inclusive private sector in Iraq.”

In turn, the Managing Director of the National Bank of Iraq, Ayman Abu Dhaim, said: “The Iraqi government’s commitment to creating an environment conducive to growth, and the strategic focus of the Prime Minister and His Excellency the Governor of the Central Bank of Iraq on empowering small and medium enterprises, is a major focus in our reaching this important achievement.

We are confident “This cooperation will support the creation of a more inclusive and dynamic economy in Iraq.”

It is expected that this loan will contribute to increasing opportunities for small Iraqi companies to obtain financing through the largest private sector bank in Iraq. This initiative will give priority to first-time borrowers and will allocate funding to projects owned by women, which attests to the increase in the number of small projects in Iraq.

In addition to financing, during the project preparation, USAID provided advisory services to facilitate loan negotiations between the National Bank of Iraq and the American International Development Finance Corporation and accelerate the completion of the deal, while the American International Development Finance Corporation is considered the official lender.

189 views 04/21/2024 - https://economy-news.net/content.php?id=42657

Surpassing Saudi Arabia...Iraqi Oil Exports To America Increased During The Past Week

Economy | 04/21/2024 Mawazine News – Baghdad The US Energy Information Administration announced on Sunday that Iraq's oil exports to America rose over the past week.

The administration said in a table seen by Mawazine News, “The average US imports of crude oil during the past week from 8 major countries amounted to 4.832 million barrels per day, down by 265 thousand barrels per day compared to the previous week, which amounted to 5.097 million barrels per day.”

She added, "Iraq's oil exports to America came in second place after Canada, reaching 308,000 barrels per day last week, an increase of 166,000 barrels per day from the previous week, which reached 142,000 barrels per day."

The administration also indicated that "the majority of America's oil revenues during the past week came from Canada at an average of 3.458 million barrels per day, followed by Colombia with an average of 246 thousand barrels per day, and from Saudi Arabia at an average of 229 thousand barrels per day."

According to the table, “the amount of American imports of crude oil, from Mexico, was at a rate of 208 thousand barrels per day, from Brazil at a rate of 189 thousand barrels per day, from Nigeria at a rate of 173 thousand barrels per day, and from Libya at a rate of 21 thousand barrels per day.”

https://www.mawazin.net/Details.aspx?jimare=246358

The Dollar Declines Against The Dinar In Baghdad And Erbil

Economy | 04/21/2024 Mawazine News – Baghdad The exchange rates of the US dollar decreased this morning, Sunday, in the markets of Baghdad and Erbil.

Dollar prices dropped with the opening of the Al-Kifah and Al-Harithiya stock exchanges, recording 147,200 dinars for every 100 dollars.

While the selling prices in exchange shops in the local markets in Baghdad decreased, as the selling price reached 148,250 dinars, while the purchasing price reached 146,250 dinars for every 100 dollars.

As for Erbil, the dollar also recorded a decline in exchange shops, as the selling price reached 147,150 dinars against the dollar, and the purchase price reached 147,000 dinars against 100 dollars.

https://www.mawazin.net/Details.aspx?jimare=246369

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

Provoking Points To Ponder on Failures and Mistakes

There is much to be said for failure. It is more interesting than success.-Max Beerbohm

Failure sometimes enlarges the spirit. You have to fall back upon humanity and God.-Charles Horton Cooley

It is often the failure who is the pioneer in new lands, new undertakings, and new forms of expression. -Eric Hoffer

Let us not be needlessly bitter; certain failures are sometimes fruitful.-E. M. Cioran

If I win several tournaments in a row, I get so confident I'm in a cloud. A loss gets me eager again.-Chris Evert Lloyd

There's nothing that cleanses your soul like getting the h*** kicked out of you.-Woody Hayes

http://famousquotesandauthors.com/topics/failures_and_mistakes_quotes.html

http://famousquotesandauthors.com/quotes_by_topic.html