Monday, September 18, 2023

Economic experts warn Iraq against staying with the US Federal Reserve, 18 SEPT

 Economic experts warn Iraq against staying with the US Federal Reserve

Ali Al-Zubaidi is a researcher in political and media affairs. The Iraqi economy is currently experiencing a new shock as the dollar exchange rate in local markets has significantly risen. The parallel exchange rate has reached 1,540 dinars to the dollar, while the official exchange rate is only 1,320 dinars.

The recent rise in the exchange rate can be attributed to the sanctions imposed by the US Treasury Department on 14 banks. The Wall Street Journal reported about these sanctions a few weeks ago. It is noteworthy that earlier, four Iraqi banks were also subjected to similar sanctions after they were found guilty of money laundering.

According to a recent report by an American newspaper, several banks including Al-Mashshar, Al-Qartas, Al-Tif, Elaf, and Erbil, as well as the International Islamic Bank, the Trans-Iraq Bank, Mosul, Al-Rajeh, Sumer, Al-Thiqah, and Or, along with Al-Alam and Zain Iraq banks, have been banned from transferring US currency to Iran. The ban is part of a larger campaign aimed at preventing the transfer of US currency to Iran.

The recent US sanctions have caused a fresh wave of concern among Iraqis. This comes after several unsuccessful attempts by the government, during the tenure of Prime Minister Muhammad Shia al-Sudani, to bridge the gap between the parallel exchange rate and the official rate. The economic crises and setbacks faced by the American economy over the past few years have only added to the worries of the Iraqis.

It is important to note that the global economy is diversifying with the emergence of new currencies, including the Brexit currency, the euro, the Chinese yuan, and the Russian ruble. The introduction of the Brexit currency is anticipated in the financial markets next year once the legal procedures are completed. Recently, a meeting was held in South Africa where the number of members increased to over 24. These members include promising economies such as China, Russia, India, South Africa, Iran, Saudi Arabia, the Emirates, as well as some countries in the Americas like Brazil and Venezuela. It is expected that the number of members will continue to rise.

According to several researchers in economic affairs, there is a possibility that the Iraqi government will take measures to prevent banks from falling into the trap of the US Treasury’s sanctions, particularly those imposed on some banks from time to time.

It is important to note that Iraq has over 100 billion dollars in reserves in the United States. This highlights the need for the government to enhance its sovereignty over the 70+ private banks in the country.

The measures taken by the government may prevent America from imposing any further sanctions. Previously, America had imposed sanctions on 14 banks which caused a shortage of US dollars in the local market. The financial liquidity in the local market is still being managed in ways that are outdated and not modern.

It is important for the Central Bank to impose binding conditions on the development of banking in order to avoid any imposition of American guardianship through accusations of money laundering.

FRANK26…….9-18-23……IT’S DINNER TIME

Evening News with MarkZ 09/18/2023

Monday  Evening News with MarkZ 

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

Member: Good Evening….are they still kicking the can down the road?

Member: I think this is the week that the can stops …..at the banks….

Member: Mark- do you think we will be notified to make our exchange appointments before Sudani takes the stage at the UN?

MZ: What I am hearing is it may happen about the same time. At least this is the chatter from the Iraq side. 

MZ: Sudani is in the states and will be addressing the UN this week….It’s not a secret. 

MZ: I have a number of bond contacts that are post RV bond deals. They were late to the game…late in the line….. and should be exchanging later on-possible a few weeks after the RV before they would get funds or dollars…... Well they got a notice that will have full funding of their bonds in a week or two…..I find that interesting because that means the RV would have to happen soon….maybe around the time we are thinking of the 20th and 21st…….the bond side has been dead silent for about a month now……so this is interesting… 

Member: So this could go by the 21st???

MZ: It absolutely could go by then. 

Member: Dinar Recaps 10:00 am update today has a cheat sheet for exchange appointments from Fleming.

Member: I made a copy of it….just in case

MZ: I had a conversation with Fleming about that list. They were taking into account at the time of all the possible questions and things we all may have to deal with. I saw it years ago when it was first put together. It may be overkill….but it does answer a lot of questions…..it may or may not still be accurate. 

Member: Should I put in my 2 weeks notice at work yet?

MZ: I wouldn’t put it in just yet…but we are sure close. 

Member:  My Canadian bank offered me a multi-currency Visa Card.

Member: Are we still thinking the banks/wealth managers will offer good 'perks' for choosing them? Like private flights, etc.

Member: I have a bank/Nesara story. My son and daughter in law didn’t really believe me. She works at Wells Fargo with mortgages and today he sent me a text that I was right!! 

Member:  To add to Nesara news, I have two friends that know I follow this and reached out within a day of each other yesterday. Both had their student loans paid off and now 0 one 20K other 100K

Member:  I called Huntington Bank today and they said they are ready to switch to QFS! When I asked them if they had the new notes, they said they are waiting for the US treasury to send them. Hoot hoot

Member: Mark, When I went to my bank today,to withdraw some cash, They changed the bank machine that looked like a computer from Star Trek! I wonder if that has anything to do with new treasury notes??

Member:  I have been to so many banks in LA County, and I have asked that every one of them. I’ve talk to branch managers, lead tellers, private bankers. Nobody knows anything about RV or currency exchange!

Member:  BANK Story - I was checking Wells Fargo addresses in my area and discovered that they were opened til 12 midnight! Wow - since when have banks been opened til midnight??!!? We're SO close!!!

Member:  I called well Fargo the other day on the foreign exchange line. I asked if she knew about the Rv and the qfs and she replied I know what your talking about it’s just not confirmed yet.

Member:  US Debt Clock US Millionaires has increased 7,000 in the last 4 days

Member:  Thank you Mark and mods for everything you do

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

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

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.

GUYS YOU CAN FIND ALOT OF INFO AT MARK'S WEBSITE: GO TO: https://theoriginalmarkz.com/home

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

THANK YOU ALL FOR JOINING. HAVE A BLESSED NIGHT! SEE YOU ALL IN THE MORNING FOR COFFEE @ 10:00 AM EST ~ UNLESS BREAKING NEWS HAPPENS!

An Economic Analysis Of The Reasons For The Rise In The Exchange Rate In Iraq.. This Is America’s Role, 18 SEPT

An Economic Analysis Of The Reasons For The Rise In The Exchange Rate In Iraq.. This Is America’s Role

Information/private..  Today, Monday, an informed economic expert revealed the main reason behind the continued rise in dollar exchange rates in Iraqi markets, while he considered that the Central Bank’s negotiations with US Treasury aid “were not successful.” 

Follow the “Al-Ma’louma” channel on Telegram.. News that does not require documentation..

The expert said, in an interview with the Maalouma Agency, that “the rise in the dollar exchange rates in the Iraqi markets came as a result of the recent decision of the Central Bank of Iraq, which stipulated reducing cash sales to exchange companies of various types by half, which was implemented since yesterday.”

He added, "The companies that used to get two million now have only one million, for example," noting that "this decision will lead to a large deficit in the local markets, because the exchange companies' sales go in parallel."

The economist (who preferred not to reveal his name) stated that “the decision to reduce the sales of exchange companies was taken at the request of the US Secretary of the Treasury during her visit to Baghdad.”

The expert stated, “The central bank negotiations with the American side were certainly not successful, and the evidence for this is the lack of control over the rise in exchange rates.”

Today, Monday, the dollar exchange rates witnessed a significant rise in the Iraqi markets, reaching more than 158 thousand dinars for every 100 dollars, amid fears that this rise will continue.

Earlier, the Governor of the Central Bank of Iraq, Ali Mohsen Al-Alaq, discussed with the Assistant Secretary of the US Treasury, Elizabeth Rosenberg, bilateral relations and discussed the measures taken in the field of combating money laundering and terrorist financing.   LINK

The Dollar Is Exhausting The Dinar.. The US Treasury Scatters Government Reforms And The Central Bank Negotiations “Fail”, 18 SEPT

The Dollar Is Exhausting The Dinar.. The US Treasury Scatters Government Reforms And The Central Bank Negotiations “Fail”

Information / private..  The series of rising dollar exchange rates in Iraqi markets continues, amid conflicting opinions about the real reasons that led to the exhaustion of the local currency again, especially as it began to rise to levels that warn of a great danger to the country's economy.

Despite the many reasons, the timing of the visit of the US Assistant Secretary of the Treasury to Iraq and the meeting of the US delegation with the Governor of the Central Bank, and the subsequent significant rise in prices, raises controversy and questions.

Today, Monday, the dollar exchange rates witnessed a significant rise in the Iraqi markets, reaching more than 158 thousand dinars for every 100 dollars, amid fears that this rise will continue.

"Political file"

The economic file is perhaps more important than politics and what is happening in it, and it is the aspect that is focused on to thwart any government if it achieves successes and is able to get closer to the people.

Former member of the House of Representatives, Fadel Al-Fatlawi, considered the issue of the rise in the dollar exchange rate in local markets “purely political,” in relation to the relationship of the visit of the US Assistant Secretary of the Treasury to the rise of the dollar.

Al-Fatlawi said, in an interview with the “Al-Ma’louma” agency, that “the rise in the dollar exchange rates in the local markets inside Iraq is a political file to put pressure on Muhammad Shiaa Al-Sudani,” pointing out that “the government is serious about reducing the exchange rate, especially since it approved the amount of 132 thousand for every 100 dollars.” .

He adds, "There is a large financial reserve with the government, in addition to the large financial habits achieved from selling oil prices in global markets, all of which contribute to securing the Iraqi economy and maintaining the stability of the price of the local currency."

The former MP explains that “this pressure is being exerted on the government in agreement with the US Federal Bank,” suggesting that “prices will decline in the coming days.”

Al-Fatlawi explains, “The visit of the US Assistant Secretary of the Treasury to Iraq, in addition to the sanctions imposed on some banks, are all factors that caused the exchange rate to rise to these levels.”

"America's role"

The visit of US Assistant Secretary of the Treasury, Elizabeth Rosenberg, to Iraq scattered all the papers and reforms that the government was able to undertake during the previous period, and this was not to the liking of the American side, which imposed a new condition that led to prices rising again.

In turn, a knowledgeable economic expert revealed the main reason behind the continued rise in the dollar exchange rates in Iraqi markets, while he considered the Central Bank’s negotiations with US Treasury assistance “not successful.”

The expert stated, in an interview with the “Al-Ma’louma” agency, that “the rise in the dollar exchange rates in the Iraqi markets came as a result of the recent decision of the Central Bank of Iraq, which stipulated reducing cash sales to exchange companies of various types by half, which was implemented since yesterday.”

He points out, “The companies that used to get two million now have only one million, for example,” noting that “this decision will lead to a large deficit in the local markets, because the exchange companies’ sales go in parallel.”

The economist (who preferred to remain anonymous) confirms that “the decision to reduce the sales of exchange companies was taken at the request of the US Secretary of the Treasury during her visit to Baghdad.”

The expert continues, "The central bank negotiations with the American side were certainly not successful, and the evidence for this is the lack of control over the rise in exchange rates."

If the Iraqi economy wants to get rid of American hegemony, it must think about radical solutions that are far from a rentier economy and complete dependence on oil. Considering that all of the country's financial revenues come through this resource, whose money goes to the US Federal Bank, which allows the country's economy to be managed instead of the government. LINK


 

"RV UPDATE" BY FRANK26, 18 SEPT

FRANK26

  Hey, Alaq, how clean is the CBI floor?  'It's dinner time.' ...I never thought I'd see the CBI floor so clean.  Iran, Iraq, U.S. Treasury meeting with the CBI?  Why would you let the wolf back in the chicken coop? ...Iran said we promise [to be good].  Whoa!  How clean is that floor at the CBI Alaq?  'Spotless'  

[CBI put out a RFP-Request for Proposal tender]  

 SHANGDODDLE:  It appears to be the government of Iraq is seeking contractor bids for the purchase of machines used to count, sort and packet currency.  IMO that would be for the new currency in the lower denominations in the new small category notes...

 FRANK:  This is fantastic.  Then an article comes out and says, " This tender will be accomplished by October 22, 2023".  October 22nd is simply the time limit parameters of this tender...You think it's going to take until October the 22nd?   No.

 Why would Iran be at the CBI governor's office dealing with international issues?  I think you know why.  They can't steal anymore.  The floor is spotless.  It's dinner time.  Something is about to happen.

You have Iraq, Iran, the CBI official, US Treasury all in one room that doesn't make any sense unless you have have interest in changing the exchange rate and adding value to the Iraqi currency because there's security and stability in Iraq and it's all because Iran finally conceded, 'we give up'. 

Iraq’s financial revenues exceed 65 trillion dinars within 7 months, and an expert comments, 18 SEPT

 Iraq’s financial revenues exceed 65 trillion dinars within 7 months, and an expert comments, 18 SEPT

Iraqs financial revenues exceed 65 trillion dinars within 7 months and an expert commentsShafaq News/ The Ministry of Finance revealed, on Sunday, that the volume of Iraqi financial revenues in the federal budget during seven months exceeded 65 trillion dinars, confirming that the oil contribution to the budget has risen to 95%, while an economist believes that non-oil revenues “will not improve.”
Shafaq News Agency followed the data and tables issued by the Ministry of Finance this September for the accounts from January until last July for the current fiscal year, which showed that oil is still the main resource for Iraq’s general budget, reaching 95%, which It indicates that the rentier economy is the basis of Iraq’s general budget.
The financial tables indicated that the total revenues until last July amounted to 65 trillion and 195 billion and 3 million and 735 thousand and 974 dinars, after excluding transfer revenues, amounting to one trillion and 995 billion and 73 million and 713 thousand dinars, indicating that the total expenditures with advances amounted to 52 trillion and 916 dinars. One billion and 562 million and 761 thousand dinars.
According to the financial tables, oil revenues amounted to 62 trillion and 259 billion and 118 million and 923 thousand and 534 dinars, which constitute 95% of the general budget, while non-oil revenues amounted to two trillion and 935 billion and 884 million and 812 thousand and 439 dinars.
from his side; Economist Muhammad al-Hassani said in an interview with Shafaq News Agency, “Non-oil revenues will not improve or rise as long as Iraq lacks domestic industrial and agricultural production,” noting that “the Iraqi economy is a rentier economy that depends on taxes and customs for non-oil revenues.”
He pointed out that “the successive governments of the Iraqi state did not direct the surplus oil revenues resulting from the rise in oil prices towards investment and the development of the industrial and agricultural base, but rather relied on imports to meet local needs,” stressing that “Iraq has become a living off neighboring countries.”
The Prime Minister’s Advisor for Financial Affairs, Mazhar Muhammad Salih, confirmed in March 2021, in an interview with Shafaq News Agency, that the reasons for the economy remaining rentier are due to wars and the imposition of the economic blockade on Iraq during the past era and the political conflicts we are witnessing today, which led to the dispersion of… for economic resources.
The Iraqi state’s continued reliance on oil as the sole source of the general budget puts Iraq at risk from the global crises that occur from time to time because oil is affected by them, which causes the country to turn every time to cover the deficit through borrowing from abroad or within, and thus indicates the inability to Managing state funds effectively, and the inability to find alternative financing solutions.

"RV UPDATE" BY MILITIAMAN, 18 SEPT

 Militia Man 

  Everything we've been seeing...is showing Iraq is going to have a big week. 

 Al Sudani is set to arrive in New York on the 18th.  I would imagine there's going to be sideline deals.  If you look at the lineup from the U.N...Iraq is slated [to speak] on Friday the 22nd...Iraq is coming out to the world and we're going to be a part of it.  I'm really excited to see it...

Article: "Instead of the President of the Republic, the Sudanese participates in the United Nations General Assembly meeting"  

Quote:  "The United Nations General Assembly meeting scheduled to be held on Monday, September 18, 2023 There is obvious motivation for him to move up his schedule up from the 20th to the 18th...Is there more to the story than meets the eye? ... He would have to be awfully motivated to move things along so quickly now

 The UST apparently wrapped it up in Baghdad this week and from the successes of those meetings that were on going, they may have allowed for the urgency of him to arrive in the USA.  I like it.

Al Sudani was denied access to come to...the US because he had three things to get done. 

 And now he is scheduled to be in the U.S. on the 20th which is Wednesday.  I have a hard time thinking on the 20th he's going to show up smiling and waving doing International contracts without having changed from 1310 to a real effective exchange rate.



Romanowski commends Iraq's efforts in budget resolution, 18 SEPT

 Romanowski commends Iraq's efforts in budget resolution, 18 SEPT

Shafaq News / The United States praised the ongoing efforts between the Iraqi federal government and the Kurdistan Regional Government to resolve the budget issue, expressing optimism for further dialogue to achieve a lasting solution.

U.S. Ambassador to Baghdad, Elena Romanowski, shared her commendation on the "X" social media platform (formerly Twitter), emphasizing the importance of the joint efforts to find a solution regarding the budget and its implementation. She also noted the decision by the Iraqi Cabinet to transfer payments in the coming months.


Romanowski expressed her anticipation for continued dialogue to reach a more sustainable solution that serves the best interests of the entire Iraqi population.


In a related development, the federal cabinet approved funding for the Kurdistan Regional Government to cover the salaries of government employees for the last three months. Kurdish Prime Minister Masrour Barzani also announced an agreement with federal Prime Minister Mohammed Shia al-Sudani regarding the salaries of citizens.


High-Level delegation in Erbil to monitor implementation of Iraq-Iran security agreement, 18 SEPT

High-Level delegation in Erbil to monitor implementation of Iraq-Iran security agreement

Shafaq News / A high-level delegation from the Federal Government headed to the capital of the Kurdistan Region, Erbil, on Monday to oversee the implementation of the security agreement between Iraq and Iran.


In an official statement, it was noted that "Under the directive of the Commander-in-Chief of the Armed Forces and Prime Minister, Mohammed Shia Al-Sudani, the National Security Advisor, Qasim Al-Araji, led a prominent security delegation to Erbil to monitor the execution of the security agreement between Iraq and Iran."


Last month, Iran's Foreign Ministry spokesperson, Naser Kanaani, had stated that an agreement had been reached between Iran and Iraq in which "the Iraqi government committed to disarm armed separatist terrorist groups on Iraqi territory and in the Kurdistan Region," referring to the armed Iranian Kurdish opposition groups operating in the area.

Kanaani further added that Iraq had also "pledged to evacuate the military headquarters they use and relocate them to camps designated by the Iraqi government."


https://shafaq.com/en/Iraq-News/High-Level-delegation-in-Erbil-to-monitor-implementation-of-Iraq-Iran-security-agreement



Al-Fateh: The Sudanese government thwarted the region’s attempt to push Washington into the crisis line, 18 SEPT

 Al-Fateh: The Sudanese government thwarted the region’s attempt to push Washington into the crisis line

Al-Fateh - The Sudanese government thwarted the regions attempt to push Washington into the crisis lineInformation / Baghdad..
The leader of the Al-Fatah Alliance, Ali Hussein Al-Fatlawi, confirmed on Sunday the success of the government of Muhammad Shiaa Al-Sudani, in thwarting the region’s plan by throwing the American party into the line of the latest crisis with Baghdad.
Al-Fatlawi told Al-Maalouma, “The demand of some regional leaders for American intervention in the crisis line of the region and the center, to be a pressure card on the Sudanese government,” pointing out that “it was thwarted by informing the American side not to intervene because the crisis is an internal matter.”
He added, “The external forces that the regional leaders were relying on began to abandon them because they found a real policy and a strong government inside Iraq.
He pointed out that “the Sudanese government has thwarted all the region’s attempts through the intervention of the external factor, including the American side, by informing them that the crisis between the region is internal and can be resolved by sitting at the negotiating table and in accordance with the Iraqi constitution.”
Al-Fatlawi pointed out that “some of the region’s leaders begged the Americans for help to be a pressure card on the government of Muhammad Shiaa al-Sudani.”
Recently, it sparked a major dispute between the governments of Baghdad and Erbil over the file of salaries for Kurdistan employees and the financial shares for the region, at a time when the federal government confirms that the Kurdish side is not committed to handing over the financial shares imposed on it.
almaalomah.me

A shocking number in the number of electronic financial cards in Iraq, and this is the amount allowed to be withdrawn daily, 18 SEPT

  A shocking number in the number of electronic financial cards in Iraq, and this is the amount allowed to be withdrawn daily

 On Sunday, financial and banking experts revealed the number of electronic financial cards in Iraq and the size of the amount allowed to be withdrawn daily.

Financial and banking expert Dr. Mahmoud Dagher said in an interview with the Al-Thamia program presented by our colleague Ahmed Al-Tayeb told that “the number of electronic financial cards has exceeded 20 million cards in the country,” explaining that “the amount that is allowed to be dealt with daily via the card is $1,400.” For a regular card.

He pointed out that “a large portion of the dollar in Iraqi markets goes to Iran,” noting that “transfers through the platform do not allow any transfer to go to the sanctioned entities.”

Dagher continued, “Bank owners will no longer be involved in transfers to banned entities,” noting that “Iran will not be able to enter a single dollar except with the approval of the United States and through the European mechanism.”

He pointed out that “Iraq cannot solve Iran’s major problems with the international community,” explaining that “the stock exchange for selling the parallel dollar is not in Baghdad.”

For his part, Mustafa Akram Hantoush, an economic expert, said, “The US Treasury Assistant Secretary’s goal in visiting Iraq is to stop the smuggling of dollars across the border, and she is responsible for stopping the smuggling of dollars to banned groups.”

He pointed out that “there is a process of collecting small remittances in some non-sanctioned countries and then they are resold locally,” noting that “banning new Iraqi banks has become useless for the United States.”   link

Coffee with MarkZ 09/18/2023

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

Member:  Good morning, everybody hope. You had an awesome weekend. Let's hope for a awesome week.

Member:  Let’s get this RV started…GM everyone

MZ: Everything has been good over the weekend. A lot happened over the weekend. 

MZ:  A huge amount was accomplished on the HCL in the Kurdish region….and budget agreements. 

MZ: Nader did a good one and I highly suggest you go listen to it. This tremendous HCL progress is definitely the talk on the streets over there. It’s the execution of the HCL we are waiting on.

MZ: I have been told over the last 15-20 years that when we see HCL (hydrocarbon law) finished and executed we would be days from the rate change…so I am super excited about the progress over the weekend and it certainly lines up with what my sources are saying

MZ: I am hearing anywhere from the 20th of September to the 8th or 10th of October to be completed. This means they want to have finished all the bond groups and having everyone paid ut by then ….which means they have to start much sooner. 

MZ: So for me, this means anything after Wed this week is fair game. And I am excited with the progress on the HCL in Iraq. 

Member: I believe the HCL includes weekly or monthly payments to all Iraq citizens a percentage of oil profits?   So that’s big. Kuwait does this as well for their citizens. 

Member:  MM said last night that Iraq was cutting internet starting yesterday for 11 days???

Member: I wonder if we will have 10 days of everything off?? electric and phones?

MZ: It official story in Iraq is the internet was shut down for student exams…..Anybody buying that??? I’m not buying that. 

Member:  196 countries meeting 19th-26th let’s see this happen 

Member: Sudani has already arrived in New York for the big UN meetings. 

Member: I wonder -Does the passage of the HCL mean we will have a new rate?

Member:  that is exactly what it should mean . 

MZ: I was always told HCL before the rate change.

Member: HCL - hydrocarbon law = money for Iraqi oil producers AND the people of Iraq

Member: Yes…. Hydro carbon law. It gives  citizens a portion of the profits from oil sales.

Member: Indonesia rupiah in the first basket?

Member: It is sure supposed to be. 

Member: Do you think exchange centers will be funded with FIAT DOLLARS?

MZ: No I do not. I believe we will be funded with gold/asset backed money. If we do get fiat…nobody panic. We just will all need to make plans accordingly. 

Member: What do you think the RV rate for the dinar will be?

MZ: I believe it will be between $4 and $6 dollars….just my opinion. 

Member: Melanie Hinds says to not trust redemption centers ….they will scam us at our exchange.

MZ: I have to disagree. When we go to a redemption center it is not going to be staffed by unknown people. It’s going to be through one of the main tier 1 banks….depending on your area….It could be WF, 5th/3rd bank, Chase bank ect…..Having a close contact that has helped set these up…I am confident in that. These will just be special offices with staff that are trained to exchange. 

Member: And redemption centers could just be an empty office in a bank building…or an empty bank building…or on military bases…….they should have good security as well. 

Member:  Steve Bannon just announced that he was gonna do a show on how Nixon took us off the gold standard and how we got where we are today

Member: Mark, Have you made your reservations to return stateside yet???

MZ: Yes I have. I’m going back on Thursday night. Have some business to take care of. And I feel like we are so close to exchanging….there are some things I want to take care of. So I will miss the Thursday Night show….I will be in the states a week or two. 

Member:  I still believe this will be a “A September to Remember” 

Member: See everyone tonight 

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

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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. 

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"RV UPDATE" BY MARKZ, 18 SEPT

 MarkZ  

 [via PDK]  Question:  Fact or fiction…some dinar sellers are being told they can no longer sell?  MarkZ answer:  Fact. Some of the smaller dealers have had their supply and purchasing limited as to what they can buy at all…yes…I have talked to a couple of smaller dealers that have had their access cut off so they can no longer get it. They can no longer get dinar. So, is this important or is this the US stopping dinar from getting outside and flowing to Iran?

Member Comment:  I am hearing Tuesday is our day.   MarkZ:  That timing certainly fits. We are also expecting an announcement from the Iraqi officials here in the states at that same time. 

Most of the news we are expecting should start tomorrow or Monday coming out of Iraq... we are expecting a lot of activity tomorrow and Monday.

 Well…this surprised me, but I got it from 3 different sources that they are (with hopeful anticipation) keeping a skeleton crew in call centers/ redemption centers and working on how they are going to handle appointments... I think this is good news. I think it's comforting that the banking side of this is taking it seriously and has a small crew ready - just in case they pull the trigger.

Question:  Do we know why Iraqi delegates are coming to DC on Sun-Tues??  MarkZ answer:   I believe it is for an announcement that will make us all very happy.   At least we sure hope so.

Al-Bayati: Iraq has its options to deal with currencies alternative to the dollar, 18 SEPT

 Al-Bayati: Iraq has its options to deal with currencies alternative to the dollar

9-17-2023
Al-Bayati - Iraq has its options to deal with currencies alternative to the dollarInformation / Baghdad…
Former MP Jassem Al-Bayati confirmed on Sunday that Iraq has alternative currencies that can be agreed upon with the US Treasury to deal with in the event of sanctions being imposed on some banks.
Al-Bayati told Al-Maalouma, “The visit of the US Treasury delegation to Baghdad comes in preparation for the visit of a delegation from Baghdad to Washington, where some points were set by the Central Bank regarding alternatives to the dollar, such as the euro, the UAE riyal, and the Chinese yen.”
He added, “The US Treasury’s acceptance of the aforementioned alternatives will be a positive factor for Iraq,” noting that “there is a fear of imposing restrictions and severing the relationship in dealing in the dollar currency with some Iraqi banks.”
He stated that “the restrictions that the US Treasury may impose on some banks will allow them to deal in other currencies if this is agreed upon, and it is unlikely that sanctions will be imposed. If this existed, it would be announced explicitly, and in the end.”
almaalomah.me

Deputy: The Continued Rise In The Exchange Rate Of The Dollar Against The Dinar Requires Serious Government Measures, 18 SEPT

 Deputy: The Continued Rise In The Exchange Rate Of The Dollar Against The Dinar Requires Serious Government Measures, 18 SEPT

Economy  11:16 - 2023-09-18  Member of the Parliamentary Finance Committee, Mustafa Al-Karaawi, confirmed that the continued rise in the exchange rate of the dollar against the dinar requires real government measures.

Al-Karaawi said in a press interview, “The US Treasury Department’s imposition of new sanctions on Iraqi banks means that Iraqi banks have not adhered to the instructions,” warning of “major economic repercussions that the Iraqi financial market will witness, due to the United States imposing sanctions on a number of banks, including a rise in... Dollar exchange rate.


He added, “The rise in the dollar exchange rate will not stop, and there will be a gradual rise every day, and this matter requires a real government stance and measures to address this matter,” noting that “the issue may turn into a monetary crisis like the one that occurred during the past months with the beginning of the formation of the new government.” This matter requires an Iraqi diplomatic movement towards the US Treasury and the US Federal Reserve.”

The representative pointed out that “the Finance Committee will work to host the figures and responsible authorities in the Central Bank to discuss the repercussions of the crisis and to find out what the bank’s measures are to confront the significant rise in the exchange rate in the local market.”

The dollar exchange rates continued to rise on the black market, as the exchange rate reached 158,250 dinars per 100 dollars.    https://kirkuktv.net/AR/Details/17453

An economist confirms the possibility of Iraq avoiding falling into the trap of the American treasury, 18 SEPT

 An economist confirms the possibility of Iraq avoiding falling into the trap of the American treasury

9-17-2023
An economist confirms the possibility of Iraq avoiding falling into the trap of the American treasuryInformation / Baghdad…

Economic affairs researcher Hisham Al-Baydani confirmed on Sunday the possibility of taking steps by the Iraqi government in order to avoid banks falling into the trap of the US Treasury, especially with regard to the sanctions it imposes from time to time on some banks.

Al-Baydani told Al-Maalouma, “Iraq has reserves of more than 100 billion dollars in the United States of America, and this matter necessitates the government to strengthen the country’s sovereignty over private banks, which number more than 70 private banks.

He added, “The government’s measures could block the way for America to impose any new sanctions, after it had previously imposed sanctions on 14 banks that caused a scarcity of dollar supply in the local market, which still deals with financial liquidity in ways that are far from modern.”
He pointed out the importance of the Central Bank imposing binding conditions for the development of banking work, in order to avoid any imposition of American guardianship through money laundering accusations.
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"IRAQ BOOTS ON THE GROUND REPORT" BY FIREFLY, 18 SEPT

 Frank26 (KTFA)


Why would Iran be at the CBI governor’s office dealing with international issues?  I think you know why.  They can’t steal anymore.  The floor is spotless.  It’s dinner time.  Something is about to happen.

[CBI put out a RFP-Request for Proposal tender]

SHANGDODDLE: It appears to be the government of Iraq is seeking contractor bids for the purchase of machines used to count, sort and packet currency. IMO that would be for the new currency in the lower denominations in the new small category notes

FRANK: This is fantastic.  Then an article comes out and says, “This tender will be accomplished by October 22, 2023“. October 22nd is simply the time limit parameters of this tender…You think it’s going to take until October the 22nd?   No.

[Iraq boots-on-the-ground report]

FIREFLY: Sudani said he’s not worried about the parallel black market. They have a mechanism which is about to be implemented that will down the dollar and make the dinar strongest.

FRANK: WHAT!?!…Good God almighty…Holy guacamole!