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
Mod: HELLO EVERYONE, HOPE THE DAY WAS A GREAT ONE FOR YOU
Member: Wishing all a great evening & even better news.
Member: Things really seem to be happening quickly now.
MZ: Rumors are “screaming” right now. But the biggest news of the day is the Senate passing the resolution to end the sanctions and the war on Iraq. This is huge and once the house passes it – it will allow Iraq to have full control over their own money …their own oil and their own destiny.
MZ: Watch what happens the next few days. We know they are celebrating …and a lot of people think we may see something overnight tonight. I still think it won’t be until the weekend at the earliest. I hope they are right and I am wrong.
Member: Iraq is celebrating as they should, just like we will be very soon
MZ: News is overwhelmingly positive.
Member: Frank 26 just said in 72 hours ... Frank has boots on the ground in the banks in Iraq
Member: 72hours till Iraqi new fiscal year?… new currency and rates imminent???
Member: Been listening to frank, he’s saying 72 hrs but looking great for tonight or tomorrow!
Member: TNT guys say the door opens tonight for 24 to 48 hours.
Member: Dallas at PPN said next 36 hours will be crazy!!!
Member: I keep expecting the emails from Dinar Recaps to have a color change when I open it up!!
MZ: This is an article for those who think they are going to hold onto some of their currencies to exchange later. “ Indians ( from India) told to return billions in high value notes as banks issue recall orders” With a re-denomination or re-valuation this is what most likely could happen.. They are giving them a set amount of time to return the high amount notes for lower denominations….The same is expected in Iraq, and other countries . We will have a certain limited amount of time to exchange our foreign currency. We should know this time frame when we go to the banks.
Member: If Iraq is claiming Independence on October 3rd doesn’t the rate have to change by then??
Member: That’s what many seem to think…..really hope they are right
Member: Angel1 says the Iranian rial is going to be hot!!
MZ: Yes…It is expected to go at a rate close to what the Iraq dinar goes for…..
Member: Do you think the dong rate will be close to the dinar?
MZ: I think it will be up there – maybe half of what the dinar rate will be? That will still be considerable.
Member: Mark will the redemption centers try to match the size of our account to that size of a wealth manager firm
MZ: That is what I was told.
Member: When this is over, as happy as we will be, we'll have times, I think, that we will really miss the chat and all our online friends.
Member: Thanks everyone for being on this journey with us all.
Member: Hey Mark- thanks for keeping us all level and continuing to give us all hope
GOOD THINGS COME TO THOSE WHO BELIEVE BETTER THINGS COME TO THOSE WHO ARE “PATIENT” AND THE BEST THINGS COME TO THOSE WHO “DON’T GIVE UP!”
AFTER THE NEWS UPDATE WE WILL TAKE A SHORT BREAK AND JOIN MARK BACK AT 8:00 PM EST FOR WHISKEY & WISDOM.
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
A Reading Of The Council Of Ministers’ Decision To Limit Contracts To Dinars.. Will It Change The Exchange Rate Or The Value Of The Contracts?
The Iraqi government and the Central Bank of Iraq continue to take various decisions and measures in an attempt to control the exchange rate of the dollar against the dinar, in a war that has been going on for 10 months, as exchange rates are witnessing an unprecedented rise due to illegal speculation, as described by the Central Bank of Iraq.
End DOLLARIZATION
The expert in economic and financial affairs, Nabil Al-Marsoumi, during an interview today, Wednesday (September 27, 2023), with “Baghdad Today”, explained that “the Iraqi government took many steps during the previous period, and is still working on new steps aimed at limiting local dealings to the Iraqi dinar.” Its last decision was to oblige state contracts executed inside Iraq to be in Iraqi dinars.”
He stated that “this step is aimed at ending the “dollarization phenomenon,” that is, restricting all transactions to the local currency. Of course, this matter has any impact on the issue of reducing or rising the price of the dollar in the local market, as this matter depends on the issue of finding solutions in order to work Legal and legitimate transfers to Iran instead of black transfers that are paid through various import funds.”
An Attempt To Strengthen The Dinar
For his part, a member of the Parliamentary Finance Committee, Moin Al-Kadhimi, said in his interview with “Baghdad Al-Youm” that “the Iraqi government wants, through such steps, to strengthen the Iraqi dinar and limit local dealings to the national currency, and this is what strengthens and strengthens the dinar, and this matter is followed and applied in all countries.” "It was accompanied by a strong economy."
Al-Kadhimi stated, “Such a step will certainly contribute to the issue of reducing the exchange rate of the dollar in the local market. Such steps will reduce the need to demand the dollar, since dealing will be in the Iraqi dinar, and therefore the citizen will abandon the dollar as long as dealing is limited to the national currency, and this is the case for companies operating in the sectors.” governmental or private.
A “moral” step, but...does it change the value of the contracts?
Yesterday, Tuesday, the Council of Ministers decided, in a step towards financial and administrative reform, to commit to all state contracts executed inside Iraq being in Iraqi dinars, except for those opened by an external documentary credit, so they will be according to the agreement between the two parties and for the value of the documentary credit only.
While observers believe that this step will lead to an increase in the price of the dollar, based on the fact that the government will pay the dinar to companies, which in turn will look to buy and convert the money into dollars.
However, others underestimate the importance or extent of the impact of the step on the exchange rate, as the state will ultimately pay the dues of these companies and contracting parties in dollars by the Central Bank, as stipulated in the Council of Ministers’ decision, considering that this decision has only a “moral aspect” in favor of the dinar. That is, making the numbers on the contract papers in Iraqi dinars only, but the payment of companies’ dues will be in dollars and by the central bank directly.
Experts believe that this decision will have one negative side when any future change in dollar prices occurs, as the value of projects, especially those implemented for long years, will be valued in dinars according to the current exchange rate, and any change in the exchange rate by the state during the next few years will lead to... Change the cost of projects. Source: Baghdad Today LINK
Reinforcing the Iraqi Dinar: A Shift in Iraq’s Monetary Policy, 27 SEPT
In a decisive move to strengthen the local currency, the Iraqi Council of Ministers has mandated that all local contracts be denominated in Iraqi dinars. This decision is a notable departure from the previous norm of executing contracts in US dollars. However, an exemption is made for contracts established through external bank-issued “documentary credits.”
The Ministry of Planning has been entrusted with the task of compiling a comprehensive list of former state contracts initially denominated in US dollars. This list will be shared with the Ministry of Finance and the Central Bank of Iraq in an effort to ensure a smooth transition to the new policy.
Limitations on Dollar Coverage
As part of this shift, the Ministry of Planning will also set a maximum monthly limit for the coverage of contracts in US dollars. The Central Bank of Iraq is tasked with guaranteeing coverage at an exchange rate of 1,320 dinars per US dollar. To facilitate monthly payments for these contracts, the allocated funds will be deposited into the Ministry of Finance’s account, adhering to all necessary release controls.
The new policy also introduces a significant change for Iraqi borrowers from government banks who have taken loans in US dollars. These borrowers are now obliged to repay their loans in Iraqi dinars. The Central Bank of Iraq will cover these loans in US dollars, which will subsequently be used to reimburse the lending banks. Notably, this procedure is only applicable to loans issued before the Council’s recent decision.
Strengthening the Iraqi Dinar amid Devaluation
This strategic move comes in response to the devaluation of the Iraqi dinar over the past year, largely attributed to measures taken by the United States in late 2022 to prevent money laundering and the flow of dollars to Iran and Syria. These actions led to a significant drop in the street value of the Iraqi dinar, which fell to nearly 1,750 dinars per US dollar. Through the new policy, the Iraqi government aims to stabilize and strengthen the local currency by increasing its use in internal transactions.
The shift in Iraq’s monetary policy is a significant step towards reinforcing the local economy. By increasing the use of the local currency in internal transactions and setting strict parameters for the use of US dollars, the government is taking active measures to curb the devaluation of the Iraqi dinar. However, the effectiveness of these measures will depend on their implementation and the response of the local and international market.
Welcome everybody to the Big call tonight from wherever you are, it is Tuesday, September 26th and you're listening to the big call. I hope we're reaching you all over the globe tonight. We've had a pretty good reach in recent months, getting out to as many as 190 some odd countries and 22 or more 24 million people. Not always that big a number but it depends on how much of the Starlink satellite system our guys are able to get access to. Their Starlink system is getting pretty busy these days as they're getting everything connected for the quantum financial system, and all that. But welcome everybody.
All right. Let’s get into the intel a little bit - Let's see - There's several things I want to bring out tonight. I'm going to try to remember all of them. The key thing right now is we heard yesterday, which was Monday that Iraq was going to put out a major announcement this morning right after morning prayer, and maybe early morning prayer meeting the first - first go at it.
And I thought, okay, it's a major announcement, but what is it going to be about? Well, it took all the way up until about six or seven evening for me to figure out and find out what that announcement was from our Iraqi sources. And it ends up that the announcement they made this morning was that they were going to put in the printed version of the Gazette tomorrow, which is Wednesday, put in their newest dinar rates.
And it would be obviously it would be revalued rate in the Gazette the printed version of the Gazette. Well, we already had the digital version come in last Saturday, but we didn't get the printed version of the Gazette on Wednesday, as we had anticipated, but it's supposed to be in tomorrow's Gazette.
Why is that important?
The reason that's important is because we understood from some of our key top paymaster sources that the funds for the bondholders that were supposed to go out at midnight tonight might be delayed somewhat until that announcement goes into the Gazette. That rate goes into the Gazette - their official record and the printed version that comes out Wednesdays should include that rate.
And they may also put in an announcement that we heard was going to come out October 3, next Tuesday, but I don't know it may come out. It may be in this Gazette tomorrow. But it's about Iraq's sovereignty, they are going to declare - Now listen, it may not be in tomorrow's but we were told it is called and it should come out on the second or the third of October, which is next Tuesday.
And it wouldn't be an announcement about the independence and sovereignty of Iraq. And of course, in order to have the sovereignty they need to have a revalued rate for the dinar. So that's why I'm saying it could come out tomorrow because really if they put this new, really revalued dinar rate in the Gazette the printed version in the Gazette tomorrow, then essentially they've done what they need to do for them to declare their sovereignty and their independence as a free state.
A sovereign state. All right, so that could be big –
Now - We're understanding what the announcement made this morning. They're supposed to do that. Tomorrow. It'll probably be in the morning early. But whenever that occurs, at that point, bondholders should have the funds in their individual bond sellers accounts. And they should be getting notifications that they have the funds in their accounts after 1030 In the morning tomorrow.
Now the same sources also and that's am 1030 in the morning) the same source has also indicated that we could also get our email notifications that we're looking for after 10:30 tomorrow morning.
That was a real huge piece of news that we got late this afternoon. But really this evening before the call today. So I'm excited to be able to bring that to you and remember, this is information from people that are talking directly to our treasury people that are doing this and heading up the revaluation process for our country.
And let's see let's talk about a couple of other things.
So that you will be really cool if that's tomorrow, because that way We've got our start. We get our notifications - we set appointments and maybe even start exchanges tomorrow evening, afternoon, evening.
Now, it could be that we get notified and set appointments for Thursday. It's hard to say at this point, because we don't know, but we know they're supposed to get notified. Some time after 1030 In the morning, and I think that'll be if that happens tomorrow, it'll be that way Eastern Time - Central Time. Mountain Time Pacific Time, etc. So we should get time all across the country Based on our time zones.
Let's go into what else might be important there.
We have heard and you guys have read it. Not sure that what we're hearing that has been ascribed to this top notch individual is his actual wording . I don't believe it was - And I believe what I'm hearing from our sources is that it can go even if Biden is where he is. This can still go - even though I've heard it both ways - with him there and it can go with him gone.
So I'm just gonna leave the let's see what happens. As far as that goes. Let's talk about rates - Friday, you know and go into exact rates - you know I have been asked not to do that so I don't.
Some other calls. they might do that. But I try to approximate or get close for something but not give you that I can just tell you that on Fridays. Banks screens - Banks screens for you - Both dinar and Dong are in double digits.Dinar was higher – but both were outstanding -
Now many of you guys, listen to what we've had to say about zim in the past. The zim is a bearer bond, even though it's kind of a currency. it's it's both that and a bearer bond it says payable to the bearer.
And people don't realize until they listen to the big call that the denomination of the of the zim bill, which is in US dollar is in dollars in dollars. but the denomination is the amount that's written on the note.
Listen, they've got 50 million zim notes. They've got 50 billion zim notes. They've got 100 million. They've got 50 billion they've got 10 trillion 50 trillion and a 100 trillion. They probably got more than I even mentioned just now. Well, that's the denomination of the note.
If you had a 10 T note, a 10 trillion. Zim note it's worth the value of what I just said 10 trillion Zimbabwe dollars and the Zim dollar are is one to one with the US on par - on par with USN –USN - our new dollar -So don't be confused about that. That's why Zim holders are gonna be treated with kid gloves When you go into the redemption center
okay, because they, they're gonna care a lot about our projects and what we have to say and what we do in the future. don't be confused by that .
Now, other dates that are of importance -
We have heard that last I think about three or four days ago, but this was going to go Friday, this week.
Today's Tuesday. Tomorrow's looking great for us so far, provided a rock with the rate in the morning, which we're told that that announcement this morning by Iraq said that that's what was going to happen. So they do what they said that they were going to do - we're in pretty good shape - Really good shape - and we'll get this party started before the end of the week - either tomorrow or Thursday, probably and probably will just be another great Friday.
Now the other thing is October 1 is the day that the date that the USN i- our new currency is supposed to be announced - we think - the USN on the first of October.
Now the first two weeks of October we should have our NESARA and GESARA brought out They may tie that in with some disclosure over those 14 days - those two weeks are also supposed to get the - I call it R & R now, restitution and reclamation allowance. In the first two weeks of October.
That's a big deal. That won't be quite as big a deal for us. It'll be a big deal and they have that divided sort of by decades. 60 To 70 Will get approximately this much in a lump sum 50 to 60 will get this much over a one year period, meaning divided by 12 Payable each month. whatever their total is.
It starts at age 37/38 30 to 50 will get their amount over a 15 year period.
So sort of like an annuity but 15 years is what they're going to be paid out at the age of 30 to age 50. Age 51 to 60 is going to be a lump sum, but it's divided into 12 parts paid out over one year. And then those of us in the 60 and older 66 plus range will get as a lump sum payment into the bank that we get our Social Security And into that same account.
Okay, that'd be a big deal. it'd be a look. So would it be big for us? Let's call them older Americans. I'm not thinking of myself as older but I'm in that group. Now, social security changes in November, and it's gonna be a pretty strong amount.
They're kind of drop into Social Security but it's gonna be a bigger number that we're getting now by a longshot.
And it's gonna happen in that age group of 62 to what it to infinity - however old you are, I guess you could getting us every month - until you die, so don't die anytime soon, Like 300 400 years Using the med bed for longevity, and boomer boost and barley and premium probiotics for longevity
So let's see what the other piece might be …… I told you about rates kindof – told you a little bit about the zim
Again, we're looking to be notified of an email I don't know where it's going to come from Wells Fargo's or whatever it says. Read it carefully. twice at least before you act on it and call the call center with the 800 number that they provide for you.
Make sure that oh that you ever talked about the basics already - you should know they would like two forms of photo ID - they pretty much know who all the Zim holders are but they don't know who has been gifted them they have some idea in some cases, who were gifted Zim for most part they don't.
So those people that were gifted zim going in, you need to pony up your two forms of photo ID, a utility bill showing your house address where you live and also house or apartment or wherever. And then also yep - And you need to know like I said, your passport or driver's license if you have both bring both.
And then you know they'll say the first thing they'll do is just verify who you are. Know your customer, they'll verify who you are to start looking for your currency to count it on the delerue machine and verify that it's legit. You don't have to bring receipts for your currency don't have to prove where you got it. They don't have time to monkey with that they don't really care.
So just you know compared to ponie that up - if you have multiple currencies, put the currencies in the same denominations and each currency so like if you have dinar you know you've got 25k nodes 10k 5k 1k You know, all those notes need to be you know, in those little bundles paperclip this little rubber bands around or something like that, put them in there so they can run the same denomination of note at the same time. Digital a room machine don't mix them all up into different denominations like oh, here's a 25k Oh, here's, here's a 5k Oh, there's another 20 No, divide them up, separate them.
And in my case, I'm going to tell them how much of each currency not denomination, but how much of each currency I have. So they'll know that even before they run it through the delarue machine, and only doing that so to see if they come up with the same number that I came up with without a delarue machine.
Okay, so I'm just hoping that my numbers are correct when they run them. Okay, they'll do that. Do that on your currencies, on your dinar on your dong on your rupee up on your whatever other currencies we had economic Afghanistan - They're 27 currencies that are going up in value.
When they do that, and then you'll have an opportunity to present a presentation on your project. If you're a Zim holder. You really should have one or more projects that you're going to use the zim money on -or part of it, you know, to fund your project.
And also once you do that, and you've run the total amount that you'll have to put into your account. You'll be able to move as an excuse me into your Wells Fargo primary account. Well, I probably ought to quit while I’m ahead (hiccups) the Quantum account card you'll be able to get there at the redemption center that allows you to put a biometric fingerprint or thumbprint to it So you can gain access with an email.
A brand new email by the way, a brand new email address and a new password and then you'll go from there, And then you'll be able to move on For the first 90 days.
You should be able to tell them yeah, I'd like to put X number of million or maybe billion into that primary account and that primary account will gain interest it will earn interest and the money in the quantum account that will not earn any interest.
But that's where the money will be until you move it into your primary secondary. What excuse me wills accounts.
So let's see what tomorrow brings. See whether we have a call on Thursday or not - we'll see. Obviously we hit numbers or we're off to the races. we're doing exchanges. we won't have a call. We might pre record celebration call was But let's go ahead now before I hiccup my way through the prayer time. Let's go ahead and pray the call out.
"An Anomalous Case"... Economic Criticism Of Dealing In The Dollar In Local Markets
September 26 19:07 Information/private.. Today, Tuesday, economic expert Hazem Hadi criticized the dealing in the dollar in local markets, while he considered this situation “an anomaly,” among the main reason behind the high exchange rate.
The economic expert, Hazem Hadi, said in an interview with the Maalouma Agency, “The market is governed by supply and demand. If demand exceeds supply, this will lead to a rise in the dollar, but the central bank will try gradually and by all means and methods to limit the unjustified rise.”'He added, "Limiting dealing in the dinar is important because it is the national currency," considering dealing in the dollar internally "an anomalous case, since most countries deal in their local currency internally."
The economic expert explained that “measures to limit dealing in the dinar internally will lead to reducing demand for the dollar, and as long as demand decreases, it will affect supply,” indicating that “the main problem is not internal demand, but rather external demand.”
He stressed the need to "reduce random and unjustified import operations, as most of the supplies of goods and services have no economic feasibility."
Earlier, a member of the House of Representatives, Muhammad Al-Sayhoud, confirmed that “there are local internal agendas, as well as international forces, that insist on the dollar remaining at this height,” pointing out that “the dollar is a major project whose goal is to force the government to follow a path that these international forces desire.” ".
The series of rise in the dollar exchange rates in Iraqi markets is still continuing, 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. LINK
FIREFLY: We’re hearing we have the full support and acceptance into the global financial world…All the financial institutions like JPMorgan Chase, all of them are welcoming Iraq Sudani says. This is great for Iraq and it will attract more investors.
FRANK: Even Wells Fargo
…
The WTO is going to have a meeting that will announce to the world the introduction of Iraq into the WTO. Does the WTO require an international exchange rate?No. So we’re not going to look for that here…They are going to do this on the 4th of next month…
Within 72 Hours.” Al-Shammari Reveals Procedures And Proposals Regarding The Dollar
Time: 09/26/2023 22:22:00 Read: 6,123 times {Economic: Al-Furat News} The political advisor to the Prime Minister, Fadi Al-Shammari, revealed proposals that the government will present regarding the dollar within the next 72 hours.
Al-Shammari said in a television interview this evening, followed by {Al-Furat News}: “The dollar file is a complex file and needs time to regulate the exchange rate, but government measures are moving in the right direction.”
He added, "The Central Bank of Iraq is embarking on a set of measures to control small traders and their commercial exchange, as they constitute 40% of market traders."
Al-Shammari noted that, "Within 72 hours, papers and proposals will be presented regarding the dollar after an extensive meeting of the Prime Minister with Iraqi financial institutions."
He continued, "There is a serious discussion between the government and the Central Bank with the Iranian side to search for alternatives to trade in the dollar," denying "the presence of American pressure or punitive attempts against Iraq because of the dollar."
He noted, "There are commitments to standards in the exit and sale of the dollar, and this requires time and the market to adapt to them."
He revealed that "Turkish President Recep Tayyip Erdogan's scheduled visit to Iraq is linked to completing the development road project procedures." LINK
They're doing away with the auctions January 1, 2024. But as of this Thursday...the implementation of how you do the auctions are completely changing...it's dinars from here on out only...
There are only two things left to do on this laundry list of things for us to get to the bank. What are they?
Change the exchange rate and release the lower denominations...at that point, shortly thereafter if not simultaneously.
I have the opinion it'll be on Forex internationally. They'll have an internationally exchangeable currency. That is when we go to the bank...I would not be surprised if something special happened very quickly.
Militia Man
Article: "Alaq pointed out the new system of external transfer and the sale of dollars provides protection from risk to all parties to operations and
enjoys international acceptance." There you go. I think that's kind of almost a drop the mic situation...
Article: "The invitation to the organization to attend the introductory symposium on Iraq's entry into the World Trade Organization which is being held on 4th of October"
The showcasing of them having had an international exchange rate has got to be coming because the WTO is not going to allow IMO ascension to the WTO without having a valuation of their country.
Al-Sudani came home from the United States of America. He showcased his presentation. He did it very very well, professionally, turns out people felt he was a statesman all around the world.
When it comes down to it are you going to do a tripartite budget at 1310? The answer is probably 100% IMO no...
A “major demonstration” followed by a comprehensive strike… exchange companies rise up against the Central Bank, 27 SEPT
Iraqi exchange companies have announced their readiness to stage a “major demonstration” on Thursday, followed by a comprehensive strike across all governorates. The protest is against the decisions of the Central Bank and aims to demand the bank to address a package of demands that would stabilize the local market and support the private sector. The exchange companies hope that the protest will contribute to the overall stability of the economy.
The exchange companies have released a statement through “Jarida” announcing their intention to protest against the Central Bank’s confusing decisions, hostile and retaliatory practices, and illegal penalties. The protests will begin with a major demonstration on Thursday, October 5, followed by a comprehensive general strike across all governorates, which will stop the activities of all companies and officially exit the currency auction window. The exchange companies feel that these decisions have affected over 1,000 companies, causing the dollar exchange rate to rise and resulting in severe damage to the private sector. The exchange companies are one of the most important pillars of the private sector, with over 2,000 companies and 10,000 employees. They play a prominent role in the Iraqi economy and its sustainability.
The exchange companies announced that the Central Bank issued a set of demands aimed at stabilizing the local market and supporting the private sector. Some of the most notable demands include:
1- Financial institutions can continue their work by stopping arbitrary measures, revenge policies, and sanctions, and by allowing the Central Bank to exercise its evaluative supervisory role over its departments. 2- Before issuing penalties and deprivation letters, legal contexts must be re-introduced by clarifying with the company. 3- Clear and binding schedules should be issued, indicating every violation and its corresponding punishment, to put an end to arbitrary dealings and injustice against companies. 4- Companies’ previous cash shares will be returned to meet traveler needs and cover expenses. 5-Resolving late transactions promptly as soon as penalties are imposed. 6- It is crucial to remove corrupt elements from the Central Bank’s departments and to swiftly replace those who seek to harm the institution and the Iraqi state.
Iraq aims to bolster its economic prospects by facilitating the transportation of both gas and goods to international markets
Iraq’s gas pipeline to Europe
The proposed rail and gas line projects have the potential to extend their reach to Turkmenistan, Kazakhstan, and European destinations. Kaabi stated that in addition to the rail project, there is a proposal to construct a pipeline for transporting Iraqi gas to the European market. Phase 1 designs for this have already been prepared by an Italian firm.
A recent report from the Iraqi Transport Ministry estimated the overall cost of the project, which encompasses the construction of a 1,200-kilometer rail and motorway network from Southern Iraq to the Northern border with Turkey, to be approximately $17 billion.
Iraq aims to bolster its economic prospects by facilitating the transportation of both gas and goods to international markets, potentially ushering in a new era of economic development and connectivity for the nation.
Comment: October 3rd, Iraq Republic Freedom Day…or independence Day… MarkZ: Looks like they are finally getting their freedom from us...This day in history…Iraq earns independence. This was in 1932 where they announced their independence from Great Britain. Why is this important? Look at the date. OCTOBER 3, 1932! ...is that not poetic that they are expected to give the announcement of their independence from US sanctions and the control over their money on October 3, 2023… this is interesting timing. I very much expect a massive breakthrough…if not a value change of direction by Oct 3rd. Banking sources still expect it sooner.
[via PDK] Question: Will the RV be announced to the public? MarkZ Answer: Yes but they not use the same terminology (like RV or Revaluation) that you and I use. They will most likely call it a “financial reset” or a “sound money act” or something like that. This will let us know they have gone asset backed and have new bills …you will see it all over the news. If you are paying attention…you will know what it is.
Member Comment: I would think it would get done soon…with the rumors of the Governor of the CBI being removed because rate change hasn't happened? Both Sudani and Alaq’s necks are on the line…imo. MarkZ: Yes they are…and on top of that is the ascension to the WTO on Oct 4th. Things are heating up. It’s do or die for Iraq to get this knocked out.
Question: What about the oil for dinar program…Is that still happening? MarkZ Answer: I am told that is still happening. That is how we should get more than the street rate.
Economist: The Central Bank exacerbated the dollar problem with a “disastrous” decision, 27 SSEPT
Economist - The Central Bank exacerbated the dollar problem with a disastrous decisionOn Tuesday, the economic expert, Omar Al-Halbousi, described the decision to reduce dollar sales by the Central Bank to exchange companies as “disastrous,” and has negative repercussions on the exchange rate, stressing that the Central Bank’s unfair decisions and procedures will exacerbate the dollar problem.
Al-Halbousi told “ Jarida ”, “The process of reducing dollar sales by the Central Bank to exchange companies is a disastrous decision par excellence, which is leasing the dollar and monopolizing it to the banks that have delved into smuggling the dollar externally, or selling it on the black market, which the Sudanese recognized today.”
He added, “Also, the reduction in exchange companies’ sales of the dollar has negative repercussions on the exchange rate, which led to an increase in the exchange rate due to the limited supply of dollars in the exchange companies that the Iraqi citizen deals with to a greater extent than the banks monopolized by the few who did not adhere to the instructions of the Central Bank.” Rather, they are still violating these instructions and defrauding the American sanctions, which will expose Iraq to new sanctions on the banks, and a high possibility of imposing guardianship on the central bank, which colluded with the banks and did not implement the procedures fairly.”
Al-Halbousi continued, “The Central Bank’s decisions and unfair procedures and its fight against some exchange companies that are not affiliated with party bodies will exacerbate the problem of the exchange rate, and this measure is deliberate with the aim of continuing to increase the gap between the real exchange rate and the black market exchange rate, which brings huge profits to the monopolists.” The banks that control the black market and speculate with the currency in exchange for maximizing their profits at the expense of harming Iraq and its people.”
The economic expert stressed, “This proves that the Central Bank has become a tool for speculators to manipulate its decisions and procedures in order to achieve their personal interests and the interests of certain countries at the expense of harming Iraq, its people, and the exchange companies that are committed to the instructions of the Central Bank.”
Iraqi Cabinet discusses a set of local files, 27 SEPT
Shafaq News / The Iraqi Cabinet, on Tuesday, announced several decisions as part of the financial reform program and issued instructions for the gas and electricity sector.
According to the media office of Prime Minister Mohammed Shia Al-Sudani, in a statement, Al-Sudani chaired the 39th regular session of the Cabinet, during which the developments in the country were discussed. They also reviewed the implementation of various national issues, the progress of the government program's priorities, and discussed the agenda items, issuing resolutions and recommendations related to them.
At the beginning of the session, Al-Sudani talked about his participation at the head of the Iraqi delegation to the United Nations General Assembly meetings held in New York. He discussed the meetings held on the sidelines of this participation with a number of world leaders, heads of states, international and global organizations, and the agreements and joint statements resulting from these meetings that support Iraq's international cooperation and enhance economic partnerships with sisterly and friendly countries.
Al-Sudani instructed all ministries to follow up on the outcomes of this visit and activate bilateral agreements and mutual understandings. He also renewed the government's commitment to international resolutions and principles of good neighborliness.
Moreover, Al-Sudani expressed his government's keenness to overcome the dispute with the sisterly state of Kuwait and make efforts to find a solution to the navigation issue in Khawr Abd Allah, in a manner that does not contradict the Iraqi constitution and international law. He emphasized that such crises can be resolved through understanding and rational dialogue, away from emotional language and provocative statements that only lead to more crises and tensions.
In celebration of Iraq's National Day, Prime Minister Al-Sudani directed the official holiday on Tuesday, October 3, 2023, in all government ministries and institutions, on this occasion.
MarkZ Wednesday 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
Mod: GOOD MORNING EVERYONE, HOPING YOUR DAY IS AN EXCELLENT ONE!!
Member: So much great news coming out of Iraq. Hoping MarkZ has some amazing news for us this morning.
MZ: No update from banking/redemption center folks yet today….but a number of banking sources think we will get at least the announcement before the end of September. ..So there are 3 days left in Sept…..if they are going to right…its going to be now.
Member: From Holly: Some very important things are going to happen ;1. The USA sanctions on auctions for Iraq are being lifted after 30 years!!!! Signed off by treasury last week when Iraq was in USA! Boom 2. Iraq is being part of the WTO by October 4th! They have to have an international rate to be part of it! Boom 3. Iraq is having their first ever Independence Day on October 3rd!! Congratulations Iraq! This means they are independent and their war has ended! This by far is the biggest boom ever!!!!! -Holly
MZ: It’s all coming together. Let’s pray this is it!!!
Member: Wow MM and Angel1 hit a Grand slam last night! Angel1 sounded really excited
Member: Militia man last night had angel 1 on. Knocked it out of the park.....Iraq to exit the auction Thurs night and pay bills with their own currency. . New holiday Oct 3rd. Independence day in Iraq
Member: Militia Man said rate anytime between tomorrow and 4th
Member: At the end of the video they think RV could be for tomorrow
Member: I heard iraq may announce new money on oct 3rd
Member: October 3rd, Iraq Republic Freedom Day…or independence Day……
MZ: Looks like they are finally getting their freedom from us.
Member: Nader confirmed about all contracts before and after the RV in latest video.
MZ: MilitiaMan is talking about it, Nader is talking about it, I am talking about it, Articles are talking about it……
Member: Nader thinks he will be soon getting the rate
MZ: I very much expect a massive breakthrough….if not a value change of direction by Oct 3rd. Banking sources still expect it sooner. I am anxious to know if the RC people will be working this weekend or not..That will tell me a lot.
MZ: Be sure to follow MM, Nader and Frank……they have the best contacts on Iraq.
MZ: “State contracts are executed in Iraqi dinar” This is important and part of the de-dollarization process and the sovereignty of their currency. They are also converting old contracts to dinar as well.
MZ: All eyes are now on the World Trade organization and Iraq’s ascension to it.
MZ: Also “Iraq imposes dinar- only policy for domestic transactions”
MZ: They say they are going to honor contracts at the “exchange rate” and that rate can change…and is expected to …but they want to make certain that the framework for all the contracts get converted based on the official exchange rate. This is huge and Iraq has made enormous progress.
MZ: This day in history….Iraq earns independence. This was in 1932 where they announced their independence from Great Britain. Why is this important? Look at the date. OCTOBER 3, 1932!!!! I was very tickled when one of you guys sent that to me.
MZ: is that not poetic that they are expected to give the announcement of their independence from US sanctions and the control over their money on October 3, 2023….this is interesting timing.
MZ: “Oil headed for $150 without US support for more Shale drilling: CEO says”
Member: FEDERAL RESERVE, INC.; Company Number C22490-2000; Native Company Number - C22490-2000; Status - Permanently Revoked
Member: I think we all underestimated how big this really is financially. Legendary times.
Member: I had a VERY vivid dream, and I heard a voice say IT IS DONE! regarding the RV for both Iraq & Vietnam.
Member: Praying the rate change would be done by October 4th!!!
Member: Thank you Mark to you and all the Mods, you try to keep us all grounded knowing that these blessings are happening.
Member: Everyone remember to keep your vibrations high
Member: SUPER FULL MOON ON SEPTEMBER 29 - Full Moon September 29 2:57 am Harvest Moon.
Andy Schectman from Miles Franklin joins the stream today. Please listen to the replay for his information and opinions.
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Mod: MarkZ "Back To Basics" Pre-Recorded Call" for Newbies 10-19-2022 ) https://www.youtube.com/watch?v=37oILmAlptM
SA coalition reiterates commitment to peaceful resolution with Kuwait, 27 SEPT
Shafaq News / The State Administration coalition reaffirmed, on Tuesday, its commitment to respecting Kuwait's territorial integrity and resolving issues through peaceful means. This statement came during a periodic meeting of the State Administration Coalition held at the government palace.
The meeting, as per a statement, addressed various important political, economic, and service-related issues. Iraq's Prime Minister Mohammed Shia al-Sudani discussed the details of his visit to New York and Iraq's international and regional relations.
The meeting also discussed Iraqi-Kuwaiti relations in light of developments related to the maritime border issue between the two countries and the policies of the previous regime.
The participants emphasized that Iraq is governed by a constitution based on the separation of powers. They also stressed the rejection of the methods used by the previous regime in dealing with neighboring countries and international relations, which imposed heavy costs on Iraq.
In this regard, the participants agreed on the following:
1. Iraq respects the sovereignty and territorial integrity of Kuwait and is committed to all its bilateral agreements with countries and United Nations Security Council resolutions, including Resolution 833 adopted on May 27, 1993, which was approved and signed by the former Baathist regime.
2. All problems should be resolved through peaceful means, rejecting the use of violence in Iraq's relations with neighboring countries and others. Negotiations and dialogue should be used as means of resolution, avoiding provocative statements.
3. Support for the government's efforts to continue negotiations to resolve some outstanding issues between Iraq and its sisterly Kuwait, preserving their legitimate rights.