Thursday, October 19, 2023

PM Barzani Commends Cooperation Between Public, Law Enforcement, 20 OCT

PM Barzani Commends Cooperation Between Public, Law Enforcement, 20 OCT

 ERBIL — Kurdistan Region Prime Minister Masrour Barzani on Thursday commended the strong cooperation between the general public and the law enforcement, which he said has significantly contributed to the Region's security and stability.

"Fortunately, one of the reasons behind Kurdistan's security and stability, which is a key achievement for the Region, is the cooperation, coordination, and strong relations between the people of Kurdistan and security institutions," the Kurdish leader said during the opening ceremony of a police training graduation ceremony in Erbil today.

He also urged the police, the security establishment, and all the other law enforcement agencies to continue proper compliance with the values of the rule of law and discipline in discharging their duties in order to ensure fair and just treatment of everyone alike.

The prime minister also emphasized the need to ensure social justice and equality in enforcing the rule of law in order to protect the human rights of every individual in the Region.

In the end, he extended his warmest wishes to the fresh graduates of the training course, which he hoped will help them better protect the safety and security of the general public in the Kurdistan Region.

https://www.basnews.com/en/babat/827480

"ANALYSIS OF "FREE FLOAT" OR "LOP" OF THE IQD" BY PIMPY AND BREITLING, 19 OCT

 Pimpy 

 In Iraq they have the ability IMO to do a controlled free float...People ask me

'Why doesn't Iraqi dinar free float?' 

Because it could be very very risky. 

 They could benefit from it.  They might go in the right direction.  People might think they have something to offer...worth investing into, that they have a bright strong future...which I think Iraq does and

  I think they could benefit from being on the Forex but they have to have the restrictions removed off their currency...Iraqi dinar is on the local one [Forex].  They're not on the big Forex.  

There's still problems with the exchange rate...Right now the solution they've come up with is increasing the interest rates for customers if they deposit their money and leave it there [In a bank].  7.5% is a pretty good size interest rate if you're going to leave your money in a deposit at your bank.  In the past we used to have stuff like that but we don't anymore unfortunately.  

Article: "Al-Kadhimi: The decision to increase the interest rate will activate the banking system inside Iraq" 

  Will increasing interest rates on your account to 7.5% draw people in?  Heck yeah it will!  If a bank did that in American you would see a lot of people run to it...

 Quote:   " The Central bank's decision...falls within banking reform measures... of prime minister Al-Sudani's directives... The decision...will certainly encourage citizens to deposit in banks which will stimulate financial movement...in addition to... reducing the exchange rate of the dollar against the Iraqi dinar."  

That's really what the goal is...If this doesn't work there's going to be other measures that need to be taken in order for them to do something about closing that gap between the parallel market and the set rate of 1320 dinar.

 Breitling

  LOP - If they're going to LOP they don't need to shut the dollar off in their country.  They don't need to reduce their money supply.  They don't need to get rid of the 50 dinar note.  

They don't need to pass banking laws.  They would have said that's what they wanted to do.  They said they wanted to add value to their currency and that's it. 

Parliamentary Finance Refuses To Hold “Foreign Banks” Alone Responsible For The Collapse Of The Dinar, 19 OCT

 Parliamentary Finance Refuses To Hold “Foreign Banks” Alone Responsible For The Collapse Of The Dinar

 Economy |Baghdad Today – Baghdad  Today, Thursday (October 19, 2023), member of the Parliamentary Finance Committee, Mudar Al-Karawi, identified the impact of foreign banks in the collapse of the Iraqi dinar in the face of the rise in the dollar exchange rate. 

Al-Karawi told “Baghdad Today” that  “the opening of the headquarters of international banks, whether Arab or foreign, in Baghdad and the rest of the governorates

is a positive situation and it exists in all countries of the world, and it

comes within the framework of openness, attracting investments and

creating infrastructure in the world of finance to  secure companies’ commitment and

receive their entitlements.” And transferring money, whether for investments or building new projects.” 

He added,  “The rise of the dollar and the decline in the value of the dinar have other dimensions and causes, some of which are internal and others external,” pointing out,

 “The Finance Committee recently discussed with the management of the Central Bank its mechanisms for controlling the rhythm of the parallel market and limiting the rise of the dollar, and

there are a series of measures that will be adopted to overcome some of the negatives.” He stressed that   “the dollar problem cannot be blamed on foreign banks, but rather  applying a transparent road map to prevent its smuggling will have the most impact.” 

He pointed out that "the Finance Committee has a comprehensive assessment of the monetary and financial situation in the country and is dealing with the challenges," pointing out that "changing some of the Central Bank's mechanisms with the issue of pumping the dollar will be a priority in the next stage."

The Ministerial Council for the Economy hosted, in its session last Monday, the Governor of the Central Bank, Ali Al-Alaq, who indicated that the  dollar exchange rate “depends primarily on imports and

not on local production,” pointing out that “many factors affect the exchange rate, the most important of which is the  leakage of the dollar to countries.”

Neighborhood and internal dealing in local markets using other than the national currency, as well as the lack of complete control over ports and smuggling.” 

Al-Alaq also announced that “the Central Bank raised the interest rate for amounts deposited in banks to 7.5 percent to encourage citizens to deposit their amounts in banks and withdraw the cash mass from the banks.”

There are many measures that the government has taken in order to control the price of the dollar,

 but day after day it proves its failure to control it, which reflects negatively on the lives of citizens today because it is closely linked to their trade and their ability to purchase consumer goods.

 The exchange rates of the dollar against the dinar stabilized in Baghdad this evening, Thursday, with the closure of the Al-Kifah and Al-Harithiya stock exchanges, recording 159,800 dinars for every 100 dollars, which are the same prices recorded this morning.

 While prices rose slightly in Erbil with the closure, as the selling price reached 160,000 dinars for every 100 dollars, and the purchase price was 159,900 dinars for every 100 dollars.

  https://baghdadtoday.news/233611-المالية-النيابية-ترفض-تحميل-المصارف-الاجنبية-لوحدها-مسؤولية-انهيار-الدينار.html

"RV UPDATED" BY MILITIAMAN, 19 OCT

 Militia Man

  They're going to be building roads, railways, building residential cities, industrial cities...

How are they going do that without being Article VIII complaint?

Their goal is to de-dollarize the country. 

 They've been working on this for a long time.  Their job is not to specifically say, 'We're going to change the rate on Thursday of next week.'  They're not going to do that.  They just will not.   I think everybody should understand that by now...

When they do direct banking to go international it's not going be at a rate like 1310, it's going to be something that's fair, real effective exchange rate, something similar to that...

This is good information.  It's phenomenal.  Central banks' involved, the appropriate ground has been set for the auction window to leave...

Vietnamese Dong Latest Update / Vietnam Economy Update / Dong Value / Ir...

Biden’s Visit to Israel: A Call for Restraint and Humanitarian Action, 19 OCT

 Biden’s Visit to Israel: A Call for Restraint and Humanitarian Action, 19 OCT

The American president’s recent visit to Israel was a mission of diplomacy, carrying a message of restraint and a call for humanitarian action. It was also a gesture of support, a firm hand extended to a long-standing ally in the face of a protracted conflict.

From 9/11 to Gaza: A Plea for Restraint

During his visit, Biden urged Israel not to let its reaction be driven by rage, drawing a chilling parallel to the mistakes the US made following the 9/11 terrorist attacks. The echoes of the past seemed to hang in the air as Biden made his plea, a plea born out of hard lessons learned. In the aftermath of 9/11, America, driven by anger and grief, launched an invasion of Iraq that resulted in countless civilian casualties and a lasting impact on the region’s stability.

The cautionary tale served as a reminder for Israel: to act with clarity and avoid the excesses that could lead to unnecessary loss of life and squander global sympathy. It was a call for restraint, a plea to not let overwhelming grief or anger push the country too far.

Humanitarian Aid: A Lifeline for Gaza

Alongside his call for restraint, Biden made an urgent plea for Israel to allow emergency aid into Gaza. He warned that Israel risked losing credibility worldwide if it did not alleviate the suffering of the people in Gaza. Following his appeal, Biden announced a deal to allow the first humanitarian aid trucks to enter Gaza, with Egypt’s president agreeing to open the Rafah crossing for up to 20 trucks of aid.

However, aid agencies have warned that this might be too little, too late. Gaza’s population, heavily dependent on humanitarian assistance, faces a dire situation. The ongoing conflict and blockade have left basic supplies such as water, fuel, and electricity scarce. The initial convoy of 20 trucks is seen as a drop in the ocean of need, and aid agencies have warned of health disasters and starvation if sufficient aid is not delivered promptly.

A Delicate Balance

Despite the show of support and call for humanitarian action, Biden’s visit was not without controversy. The president endorsed Israel’s denial of responsibility for a catastrophic explosion that struck a hospital in Gaza, causing skepticism in the Arab world. This highlights the delicate balance required in the region, a balance between supporting an ally and maintaining credibility.

Overall, President Biden’s visit to Israel was a testament to the complexities of global diplomacy. It highlighted the need for restraint in times of conflict, the importance of humanitarian aid in crisis situations, and the delicate balance required in maintaining relationships while ensuring justice and credibility. As the dust settles in Gaza, it remains to be seen how Biden’s visit will impact the region and whether his calls for restraint and humanitarian action will be heeded.

Mozambique Strengthens Democracy Amid Global Political Turmoil, 19 OCT

 Mozambique Strengthens Democracy Amid Global Political Turmoil, 19 OCT

In the heart of southern Africa, beneath the vast skies, the VIII Ordinary Session of the IX Legislature of the Assembly of the Republic (AR) in Mozambique unrolled its canvas of democracy. Spanning over three months, from October to December, the session was a vibrant testament to the nation’s political resilience, with an agenda laced with 23 pressing issues.

Mozambique’s Flourishing Democracy

President Filipe Nyusi, a significant figure in the session, presented an overview of the State of the Nation. His speech reflected the robust threads of Mozambique’s young democracy, which, according to him, had found its footing since the 6th Elections. The session also marked the inauguration of RENAMO and MDM Gazetam, further enriching the country’s political landscape.

Global Issues Under the UN’s Lens

While Mozambique navigated its internal affairs, the world too was in constant motion. The United Nations Security Council (UNSC) held numerous meetings in the year’s first half, with records spanning January to June. The UN General Assembly convened for an emergency special session, addressing a myriad of issues, including the situation in Ukraine, Russian influence in Africa, and Iran.

From the snow-laden landscapes of Switzerland and the Scandinavian countries to the cobblestoned streets of the United Kingdom, nations voiced their concerns and positions on various matters. Belarus’ leader sought guarantees from Russia for his country’s defense, while Burkina Faso’s military government demanded the departure of French troops, marking the end of French military operations in the country.

(Read Also: Renamo Boycotts Mozambique’s Parliament in Protest Against “Electoral Justice”)

Somalia, Syria, Iraq, and More: A World in Turmoil

In the African continent, border security issues brewed between Rwanda and Benin. Tensions flared with Rwanda accusing the Congolese military of violating its airspace. The Democratic Republic of the Congo (DRC) was also under the international spotlight, with the Secretary-General of the UN providing a report on the progress of the Peace, Security, and Cooperation Framework for the country and the region.

(Read Also: Mozambican Government Projects Positive Economic Growth, Stable Inflation for 2024)

The situation in Somalia remained bleak, with the US Africa Command (AFRICOM) engaging insurgents in support of the Federal Government of Somalia. On the other side of the globe, the situation in Syria was equally tense, with the US responding to an attack that killed a US contractor by conducting airstrikes against Iranian-backed groups. Iraq expressed concerns about cross-border attacks from Iran, with the US Central Command (CENTCOM) providing updates on the fight against ISIS in the country and neighboring Syria.

The myriad of meetings, statements, and actions taken by various nations and international organizations in the first half of the year reflect the interwoven tapestry of global politics. The situations in Mozambique and other countries like Ukraine, Burkina Faso, Rwanda, the DRC, Somalia, Syria, Iraq, and Iran, were key points of discussion. As the world continues to grapple with these issues, the outcome of these discussions could shape the world’s geopolitical landscape for the years to come.

Evening News with MarkZ. Huge win for RIPPLE! 10/19/2023

Thursday 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: Happy Thursday Evening everyone

Member: Wow- Thursday night already…..this week flew by 

Member: And here we are….. still waiting...and waiting...amd waiting.

Member:  MarkZ, you probably wouldn't have gotten into doing all of these pod casts had you known how long it was all going to take.

Member: One of MilitiaMans  posts were indicating that the citizens were told 2 weeks from the 1ooth..which is next Tuesday…..

MZ: I firmly believe we are much closer than it appears. 

Member: With everything happening around the world could Iraq still just go alone and RI instead of an RV ?

MZ: They could…..but I still  think they will all go at once. There is to many indicators for it…We were warned that we would see rough things before it happened and we are….

MZ: There are many expecting it this evening….I don’t expect it that soon because I have not seen much monetary movement…But it is possible…. they could just pull the trigger at any time. 

Member:  middle east on the verge of ww3 and we RV I hope so but very skeptical

Member: Well, If they are looking for a time to pull the trigger when no one expects it…..this might be our time…lol

MZ: In Iraq: “Barzoni and the CBI Governor discuss economic cooperation” It was great to see this article come out today. This is a feel good article on how much has been accomplished. 

MZ: I am also getting reports from a finance ministry contact in Iraq that things are exceptionally good right now between Barzoni and the government of Iraq. So this is fantastic. . 

Member: Mark with Iraq shutting down cards and western union it cannot be too long until RV….

MZ: “US ceases oil sanctions on Venezuela after Maduro election deal “ This is a main stream article……and knew this was coming….

MZ: Its been pretty quiet today except for plenty of rumors. I do not consider them anything more than a diversion right now as they try to cloud timing. 

MZ:  For all you XRP owners-massive win today   “SEC dropped the case against top management of Ripple”. Huge win for folks at Ripple and XRP.

Member: They ended up dropping 7 felonies in exchange for a misdemeanor!

Member: So how long can they continue to kick the can? Isn’t the petrodollar done?

MZ: The petro dollar is done….If anyone is to buy any BRICS nations oil….you will have to pay in their currency. They are not accepting the US dollar. 

MZ: The world is melting down and we need this reset now…..”Geopolitical tension threaten global economy: Fed Chair Powell”  

MZ: “London stock exchange halts trading in many stocks”  Supposedly a system issue made them halt trading….take it as you want, but a panic seemed to be brewing in the LSE before trades were halted. According to some traders…they think it was a very convenient “system issue” that caused the halt.  

 Member: We are all so tired

MZ: Yes we are all very  tired……

Member: Miracles do happen.

Member: The law of attraction: We have to visualize this thing going. We have the power to manifest it!

Member: Mark without u & the mods it would have been even harder. Know that u guys have been a light in this storm when so many have been confused & lost. U mean more than u guys know Thank you all

Member: See everyone in the morning and hope for great news…….God Bless

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

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

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!

A politician reveals an “unexpected” position of the framework regarding the Sudanese completing his governmental term, 19 OCT

 A politician reveals an “unexpected” position of the framework regarding the Sudanese completing his governmental term

Dr. Qusay Mahbouba, a liberal politician, stated on Wednesday that there are forces within the coordination framework who are opposed to Prime Minister Muhammad Shiaa Al-Sudani finishing his term. Although he acknowledged that Al-Sudani’s popularity is not at the level of ambition, he believes that Al-Sudani must take steps to improve the lives of citizens. Dr. Mahbouba also commented on the Palestinian war, stating that the Iraqi factions have no involvement in this matter.

Mahbouba, on the 8th program with Ahmed Al-Tayeb, followed by the “Gazette”, stated that there are forces within the framework that do not want the Sudanese government to complete its term. She suggested that although the Sudanese leader enjoys popularity, it’s not at the level of ambition. Mahbouba emphasized the need for the Sudanese government to take steps that positively impact the lives of its citizens. She also called for a review and evaluation of the performance of the government and advisory team.

“The Sudanese people have a strong work ethic, and I encourage them to stay actively involved in ongoing projects,” he stated. He went on to explain that while 17% of the projects aimed at removing obstacles have been completed, the contractors have yet to receive operational advances, and the Central Bank lacks a plan to cover the required budget.”

Mahbouba stated that local elections should be held and religious forces should not interfere in political affairs. She further mentioned that the Communist Party and political Islam are similar and that her party would not form any alliance with the Communist Party.

He emphasized that their alliance would not include any political Islam, the Communist Party, or the Baathist Nationalist, adding that political Islam has failed in Egypt, Libya, and Iraq.


Regarding the Palestinian issue, Mahbouba stated that the Iraqi factions have no involvement and there is no such thing as the Iraqi resistance. The Palestinian resistance should avoid making mistakes.

During a conversation, he emphasized that the Palestinian cause is just and indisputable. He pointed out that within just 11 days, millions of Palestinians have been displaced and that the war is not limited to the lightning operation carried out by Hamas. According to him, Israel has presented the situation in a way that portrays itself as oppressed before the world. He also believes that the decision on peace and war should not be left in the hands of one organization. Finally, he predicts that Gaza will be divided into northern and southern parts in the future.

He emphasized that the Iranian people would not be willing to engage in a battle that is not their own. Similarly, Hezbollah would refrain from entering into an open war with Israel, the Houthis and the Syrian regime would not be able to change the power dynamics in the Palestinian conflict, Qatar would not be allowed to participate in the reconstruction of the Gaza Strip this time around, and the Hamas movement has lost its authority over the Gaza Strip.


Evening News with MarkZ. Huge win for RIPPLE! 10/19/2023

🔥Iraqi Dinar🔥This is Huge🔥News Guru Intel Update IQD Value to USD🤑💵🤑🎉

"RV UPDATE" BY BRUCE, 19 OCT

  Bruce 

  [via WiserNow]   

What we got in report today was all the rates are extremely good. And we know that the dinar came back up on the Forex yesterday and came back up on the streets for trading on forex and on the bank screen today.  The rates are very good.

...our hope is that we get notified - we set our appointments - and at least start Thursday. 

That's what I'm hoping that we'll see if that's what manifests... you know guys, we've been awfully close before, or at least we thought it was that case. And now we're at that same point of could it happen?  ...So we hope that this is it...

A New Oil Well in Iraq: Beacon of Hope Amid Uncertainty, 19 OCT

 A New Oil Well in Iraq: Beacon of Hope Amid Uncertainty, 19 OCT

In the heart of the Al-Zubair oil field, nestled in the volatile landscape of Iraq, a new well has been drilled, reaching an impressive depth of 3,533 meters. The accomplishment, achieved by the Iraqi Drilling Company (IDC), arrives at a pivotal moment for the country’s oil industry, serving as both a symbol of hope and a stark reminder of the challenges that lie ahead.

An Unusual Triumph in Troubled Times

The drilling of the new well marks a significant stride for the IDC and Iraq’s oil industry. This success emerges amid a broader context of uncertainty, as international giants BP and Lukoil consider divesting their Iraqi oil assets, citing an increasingly unsuitable investment environment.

BP’s ties with Iraq run deep, its oil exploration and production activities dating back to the 1920s. It was the first international company to return to Iraq after a 35-year hiatus in 2009, and has been working on the development of the giant Rumaila oilfield, in partnership with PetroChina and the state-owned Basra Oil Company. Lukoil, on the other hand, operates the West Qurna 2 field in southern Iraq.

Foreign Investors Losing Faith

However, major oil companies’ faith in Iraq as a viable investment destination is waning, a sentiment embodied by Lukoil’s recent decision to sell its share to Chinese interests. This follows the withdrawal of Shell and ExxonMobil, both citing an unsuitable investment climate.

According to Iraq’s oil minister, Ihsan Abdul Jabbar, the current landscape in Iraq makes it difficult for these companies to stay. The departure of these international companies raises potent questions about the future of Iraq’s oil industry, given their expertise, resources, and technology necessary for maximizing the potential of Iraq’s oil fields.

Domestic Resilience Amid External Doubts

Against this backdrop, IDC’s successful drilling operation is a beacon of resilience. It underscores that despite the challenges, there is room for local companies to contribute to the development of Iraq’s oil industry. The IDC’s accomplishment is a testament to the potential role domestic companies can play in the growth of the sector and reducing dependence on foreign investment.

However, the future of Iraq’s oil industry is not without its challenges. Creating a favorable investment environment is crucial to attracting and retaining major oil companies. To accomplish this, Iraq must grapple with issues of political stability, security, and transparent regulations.

In the wake of IDC’s achievement, Iraq finds itself at a crossroads. The successful drilling operation in Al-Zubair is a significant milestone, but the departure of BP and Lukoil underlines the challenges that lie ahead. As the Iraqi government grapples with these issues, the future of its oil industry hangs in the balance.

https://bnn.network/breaking-news/agriculture/a-new-oil-well-in-iraq-beacon-of-hope-amid-uncertainty/

Iraq’s Digital Transformation: A Meeting of Minds in Erbil, 19 OCT

 Iraq’s Digital Transformation: A Meeting of Minds in Erbil, 19 OCT

In the heart of the ancient land, where the Tigris and Euphrates rivers cradle civilization, a modern narrative is unfolding. In Erbil, the capital of the Kurdistan Region of Iraq, Prime Minister Masrour Barzani and Iraqi Central Bank Governor Ali al-Allaq recently convened. Their discourse echoed within the grand architecture of the city, a testament to a crucial dialogue on economic stability and banking sector reforms, especially the digital transformation of public employee payments.

My Account Initiative: A Digital Leap Forward

At the heart of their discussions was the My Account Initiative, a financial inclusion program launched by the Kurdistan Regional Government. Designed to digitize the payment system for public employees, the initiative marks a significant leap towards the future. In the initial phase, it aims to modernize salary and benefit distribution, enhancing efficiency, transparency, and accountability.

The initiative has already recorded considerable progress, with 65,000 employees registered in the system. It’s a testament to the potential of digitization in catalyzing economic growth, with the ripples of its success felt across Iraq.

(Read Also: Iraq’s Unyielding Battle Against ISIS: A Strike in Wadi Al-Shay )

Banking Sector Reforms: Strengthening Economic Foundations

In the backdrop of the digital transformation, other banking sector reforms were also on the agenda. The Kurdistan Regional Government is committed to strengthening the banking system to promote domestic and foreign investments. These reforms aim to fortify the regulatory framework for banks, foster good governance, and increase transparency, thus creating an ecosystem conducive to economic growth.

(Read Also: A New Oil Well in Iraq: Beacon of Hope Amid Uncertainty)

Anti-Money Laundering Efforts: Safeguarding Financial Integrity

Besides digital transformation and overall reforms, the fight against money laundering took center stage. As a significant threat to financial stability, both the Kurdistan Region and the federal government are determined to prevent and combat this illicit activity. Strengthening anti-money laundering efforts is paramount in maintaining the trust of investors and ensuring the banking sector’s stability.

The meeting, thus, underscored the commitment of both the Kurdistan Region and the federal government towards economic development, financial stability, and good governance.

The story of this meeting is not just about economic strategies and initiatives. It’s about hope. It’s about a region that has been the cradle of civilization, now striving to define its future. It’s about a dialogue that carries the potential to reshape the economic landscape of Iraq, and perhaps, influence the broader region.

https://bnn.network/tech/iraqs-digital-transformation-a-meeting-of-minds-in-erbil/

Dinar RV News Today🔥Boosting Economy: CBI Unleashes New Currency Exchang...

"RV UPDATE" BY SANDY INGRAM & CLARE, 19 OCT

 Sandy Ingram

  Iraq has a secret asset many people are not aware of...the ancient city of Babylon is only 54 miles from the capital city of Baghdad.  The gold deposits have not changed.

  The only difference Iraq was busy drilling for oil...It is reported gold production value could someday rival or equal oil production value...This massive amount of gold is still in place in Iraq today.  The eastern Baghdad region, the western desert and the Kurdistan area have all been discovered to have enormous gold deposits.  Mining operations are currently underway...

 Article: "Iraq Economy News for 2024, According to the IMF is not Good, Iraq Says Differently

 What the IMF is saying is Iraq's economy forecast is leaning towards a negative because countries with currencies pegged to the US dollar, except Iraq's central bank, have followed the US fed's footsteps and adjusting the interest rates accordingly.

  In other words Iraq did not follow in the footsteps of the Federal Reserve and as a result the IMF sees Iraq's inflation rate at or around 9% in 2024 rather than at 3.5% the the Iraqi minister of planning announced.  The 5.5% difference is enough to be concerned about.

Clare 

 Article:  "A new statement by the Iraqi Central Governor regarding the dollar exchange rate

 Quote:  "Today, Monday (October 16, 2023), the Governor of the Central Bank of Iraq, Ali Al-Alaq, identified several factors affecting the dollar exchange rate, the most important of which is the leakage of the dollar to neighboring countries."

A Confluence of Financial Fortitude: The Kurdistan Region and the Iraqi Central Bank Forge a Path to Economic Stability, 19 OCT

 A Confluence of Financial Fortitude: The Kurdistan Region and the Iraqi Central Bank Forge a Path to Economic Stability, 19 OCT

In the stately halls of Erbil, the political heart of the Kurdistan Region of Iraq, a crucial dialogue unfolded. It was a dialogue that, like a deftly woven rug, promised to intertwine the economic threads of Baghdad and the Kurdistan Region, creating a tapestry of collaboration and mutual growth. The key figures in this discourse were none other than the President of the Kurdistan Region, Nechirvan Barzani, and the Governor of the Iraqi Central Bank, Ali Al-Alaq.

A Meeting of Minds

The meeting, akin to two chess grandmasters contemplating their next moves, centered on Iraq’s financial situation, the exchange rate of the Iraqi dinar, and the Central Bank’s initiatives aimed at achieving financial and economic stability. The dialogue was a testament to the shared commitment towards a unified financial future, a vision that transcended regional borders.

Both parties emphasized the importance of cooperation and coordination among financial institutions in Iraq, the Kurdistan Region, and the Iraqi Central Bank. Their shared understanding underscored the significance of sustaining and advancing coordination and cooperation to promote economic development and ensure financial stability.

Reinforcing Coordination

Prime Minister Masrour Barzani of the Kurdistan Regional Government (KRG) and Governor Ali Mohsen Al-Alaq of the Central Bank of Iraq echoed similar sentiments in their discussions. The spotlight was on banking sector reforms, anti-money laundering efforts, and initiatives to bolster economic stability. Prime Minister Barzani expressed his appreciation for the collaborative support received from both the central bank’s governor and Prime Minister Mohammed Shia’ Al Sudani. He emphasized that the progress of the Kurdistan Region signifies advancement for all of Iraq and serves the collective interests of the public.

Un Ponte Per: A Bridge to Economic Stability

Meanwhile, the NGO Un Ponte Per (UPP) has appointed a new Head of Office in Dohuk, Iraq. The appointee will be responsible for coordinating and supervising the organization’s general cash and account of the projects administered in Dohuk. This role is integral in ensuring compliance with anti-fraud, anti-terrorism, and anti-corruption policies, highlighting the dedication to financial integrity not only at the governmental level but also in non-governmental organizations.

Thus, these discussions and appointments underscore the commitment of the Kurdistan Region and the Iraqi Central Bank to enhance cooperation and coordination in a bid to achieve economic stability and development. The focus on banking sector reforms, anti-money laundering efforts, and economic stability underscores the importance of addressing key financial issues to ensure the well-being and progress of both the Kurdistan Region and Iraq as a whole.

https://bnn.network/sports/a-confluence-of-financial-fortitude-the-kurdistan-region-and-the-iraqi-central-bank-forge-a-path-to-economic-stability/

"RV UPDATE HIGHLIGHTS" BY MARKZ, (ENGLISH & SPANISH), 19 OCT

 Markz

Thursday 10/19/23

Member: Good morning everyone... I heard that the new BRICS payment banking system starts today.

MZ: That's right...

Member: At Dinar Recaps an economist talked about that in a post this morning.

Member: When can Iraq join the BRICS?...that may be our only chance to see VR.

Member: I wonder if the Israeli war is an attempt by the cabal to stop VR and NESARA/Gesara like 9/11 was.

MZ: That's a very good possibility. It is true that there is a special place in hell for those who are willing to sacrifice so many lives just to be able to control their money supply.

Member: The Federal Reserve is not going to voluntarily give up its power

Member: Mark, I heard we were ready to do VR a week ago on Sunday, but the Deep State started Israel's attack to block it!

Member: However, the White Hats allow them to do that. They are supposed to be the ones in control.

Member: Some days it seems like this will never happen. Depressing. Trying to keep a positive attitude.

Member: This VR has given me multiple personalities. One day I'm positive and giddy and the next I'm frustrated and depressed.

Member: Well... remember that Iraq is the central axis... if you just do it... I think the rest of the world will follow.

MZ: Well... let's get to the news/rumors.

MZ: There are no updates for bondholders today. There is still an expectation that things will turn out well overnight. Starting in Asia and Europe and following our path... Let's see if it happens. It may be a week or two early. I would like to be wrong on this.

Member: So we've gone from "any time"... to a week or two now...?...sigh 🤦🏻‍♀

Member: If FIAT money will be dead on January 1st, then we are close. Just my opinion.

MZ: I still get conversations from groups hoping to release their funds, but we haven't found a group that has released funds yet. That is why they insist that those rumors that say they have already started are not accurate. I think they are purposely leaking misinformation to muddy the moment.

Member: If it's a quick start...none of them get paid until we start scheduling our appointments, so that's to be expected...in my opinion.

MZ: I still get conversations from groups hoping to release their funds, but we haven't found a group that has released funds yet. That is why they insist that those rumors that say they have already started are not accurate. I think they are purposely leaking misinformation to muddy the moment.

Member: If it's a quick start...none of them get paid until we start scheduling our appointments, so that's to be expected...in my opinion.

Member: I wish we could get a 7.5% interest rate on our savings accounts like Iraq does.

Member: It is up to Iraqi citizens to take their dinars out of the mattresses and deposit them in the bank.

Member: A friend recently traveled home from Brazil. On the Exchange, they asked if you wanted OLD USD or NEW USD. It is "out there" in other countries and is currently being USED! She saw it!.

Member: I wish they had taken pictures...I would love to see some proof that they are real.

Member: I wonder if everyone has it except us in the US?

Member: Many large banks in my area have added "Financial Advisors" to their signs!!!!! That's encouraging.....

MZ: In Zimbabwe: "High-level summary of technical assistance reports" on the implementation of the Basel 2 and 3 capital framework. They are doing a great job updating their banks faster than us. This is very positive news.

Member: Mark and Mods, thank you...you are doing a wonderful job keeping everyone informed and calm.

TRANSLATION IN SPANISH" 

Markz

Jueves 19/10/23
Miembro: Buenos días a todos... Escuché que el nuevo sistema bancario de pago de los BRICS comienza hoy.
MZ: Así es....
Miembro: En Dinar Recaps un economista habló sobre eso en una publicación esta mañana.
Miembro: ¿Cuándo podrá Irak unirse a los BRICS?...esa puede ser nuestra única oportunidad de ver la RV.
Miembro: Me pregunto si la guerra israelí es un intento de la camarilla de detener la RV y Nesara/Gesara como lo fue el 11 de Septiembre.
MZ: Esa es una muy buena posibilidad. Es cierto que hay un lugar especial en el infierno para aquellos que están dispuestos a sacrificar tantas vidas sólo para poder controlar su oferta monetaria.
Miembro: La Reserva Federal no va a renunciar voluntariamente a su poder
Miembro: ¡Mark, Escuché que estábamos listos para hacer la RV hace una semana el Domingo, pero el Deep State inició el ataque de Israel para bloquearlo!
Miembro: Sin embargo, los Sombreros Blancos les permiten hacer eso. Se supone que ellos son los que tienen el control.
Miembro: Algunos días parece que esto nunca sucederá. Deprimente. Tratando de mantener una actitud positiva.
Miembro: Esta RV me ha dado múltiples personalidades. Un día estoy positivo y vertiginoso y al siguiente estoy frustrado y deprimido.
Miembro: Bueno... recuerden que Irak es el eje central... si simplemente lo hacen... Creo que el resto del mundo les seguirá.
MZ: Bueno... vayamos a las noticias/rumores.
MZ: Hoy no hay actualizaciones para los tenedores de bonos. Todavía hay expectativas de que las cosas salgan bien de la noche a la mañana. Empezando por Asia y Europa y siguiendo nuestro camino... A ver si sucede. Puede que sea una semana o dos antes de tiempo. Me gustaría estar equivocado en esto.
Miembro: Así que hemos pasado de "cualquier momento"... a una semana o dos ahora...?... suspiro 🤦🏻‍♀
Miembro: Si el dinero FIAT estará muerto el 1 de Enero, entonces estamos cerca. Solo mi opinión.
MZ: Todavía recibo conversaciones de grupos que esperan liberar sus fondos, pero aún no hemos encontrado un grupo que haya liberado fondos todavía. Por eso insisten en que esos rumores que dicen que ya han comenzado no son exactos. Creo que están filtrando información errónea a propósito para enturbiar el momento.
Miembro: Si es un comienzo rápido... ninguno de ellos recibe pago hasta que empecemos a programar nuestras citas, así que eso es de esperar... en mi opinión.
Miembro: Ojalá pudiéramos obtener una tasa de interés del 7,5% en nuestras cuentas de ahorro como lo hace Irak.
Miembro: Corresponde a los ciudadanos iraquíes sacar sus dinares de los colchones y depositarlos en el banco.
Miembro: Un amigo viajó recientemente a casa desde Brasil. En Exchange, le preguntaron si quería USD VIEJOS o USD NUEVOS. ¡Está "allí afuera" en otros países y actualmente se está UTILIZANDO! ¡Ella lo VIÓ!.
Miembro: Ojalá hubieran tomado fotografías... me encantaría ver alguna prueba de que son reales.
Miembro: Me pregunto si todos lo tienen menos nosotros en los EE. UU.
Miembro: ¡¡¡Muchos grandes bancos de mi zona han añadido "Asesores financieros" a sus carteles!!!!! Eso es alentador.....
MZ: En Zimbabwe: "Resumen de alto nivel de informes de asistencia técnica" sobre la implementación del marco de capital de Basilea 2 y 3. Están haciendo un gran trabajo actualizando sus bancos más rápido que nosotros. Esta es una noticia muy positiva.
Miembro: Mark y Mods, gracias... están haciendo un trabajo maravilloso manteniendo a todos informados y tranquilos.

CHELLA CC HIGHLIGHTS NOTES, 22 DEC

CHELLA CC HIGHLIGHTS NOTES Summary CH Smith hosts a live news update on Iraq, covering the stock exchange, banking reforms, and tourism deve...